Slide 1: Pidilite Industries Ltd. Q3 FY18 Earnings Presentation
Pidilite Industries Ltd. Q3 FY18 Earnings Presentation
Slide 2: Disclaimer
Disclaimer This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being e
Slide 3: Financial Highlights
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Slide 4: Q3 FY18 Earnings Summary
Q3 FY18 Earnings Summary Net Sales EBITDA ** PBT PAT Standalone Rs 1366 Cr Rs 359 Cr Rs 353 Cr Rs 239 Cr YoY Growth 20.2% 28.9% 26.0% 17.0% Consolidated* Rs 1533 Cr Rs 372 Cr Rs 358 Cr Rs 239 Cr YoY Growth 17.3% 28.0% 27.1% 18.0% *Sales is excluding Cyclo ** EBITDA is before non operating income Pid
Slide 5: 9M FY18 Earnings Summary
9M FY18 Earnings Summary Net Sales EBITDA** PBT PAT Standalone Rs 4048 Cr Rs 1039 Cr Rs 1053 Cr Rs 717 Cr YoY Growth 9.1% 6.7% 7.4% 2.0% Consolidated* Rs 4546 Cr Rs 1070 Cr Rs 1066 Cr Rs 719 Cr YoY Growth 6.8% 6.2% 7.2% 1.8% *Sales is excluding Cyclo ** EBITDA is before non operating income Pidilite
Slide 6: Comments on Financial Performance
Comments on Financial Performance Standalone • Net Sales grew by 20.2% in Q3. • EBITDA, before non-operating income, at Rs 359 Cr, grew by 28.9% Consolidated • Net Sales grew by 17.3% (excluding sales of Cyclo division of Pidilite USA Inc., which was sold by Pidilite USA Inc. in June, 2017). • EBITD
Slide 7: Q3 FY18 Overseas Performance
Q3 FY18 Overseas Performance (in INR Crores) Sales 6 4.6 4.3 3.6 3.8 4 2.5 1.8 1.4 2 0.9 0.7 1.0 - (2) -0.6 -1.0 -0.7 -2.0 -2.3 EBITDA (4) (6) -5.8 (8) North South Bangaldesh Srilanka Thailand Egypt UAE Others America America Sales and EBITDA are excluding Cyclo. Figures are reported as per constant
Slide 8: 9M FY18 Overseas Performance
9M FY18 Overseas Performance (in INR Crores) Sales EBITDA Sales and EBITDA are excluding Cyclo. Figures are reported as per constant currency 8
Slide 9: Company Overview
Oo Pidilite Company Overview FEVICOL Fevikcwil® Fevicryl’ Rangeela THE ULTIMATE ADHESIVE 6 steelorip|® MOY Roff'h SHINE + PROTECTION 4] WATERPROOFING EXPERT FOR CARS & BIKES TILE FIXING SOLUTIONS
Slide 10: Company Overview
Company Overview Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 23 co-makers in India Specialty Chemicals * International manufacturing facilities Adhesives & sealants, in USA, Thailand, Dubai, Brazil, Egypt, construction chemicals, art & Singapore and Bangl
Slide 11: Industry Segment Composition as on March 2017
Industry Segment Composition as on March 2017 Industrial Resins {5%} Pigment & Preparation {5%} Others {1%} Industrial Adhesives {5%} Art/Craft Materials & Others {10%} IP 15% C&B 84% Construction/ Paint Chemicals {19%} Adhesives & Sealants {55%} C&B – Consumer & Bazaar, IP – Industrial Products, Ot
Slide 12: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Net Revenue Consumer and Bazaar Products Industrial Products 85% 20% 84% 19% 19% 84% 19% 83% 18% 83% 18% 82% 17% 82% 17% 81% 81% 16% 81% 16% 80% 15% 79% 14% 2012-13 2013-14 2014-15 2015-16 2016-17 2012-13 2013-14 2014-15 2
Slide 13: Domestic Presence – India operations
Domestic Presence – India operations • 5200+ SKUs of 500 products • 5442 distributors • Gross Turnover (domestic) of Rs. 5,720 Cr • 28 warehouses for FY17 • 8 regional offices & 2 RDCs • 23 plants, 23 Co-makers Pidilite Industries Limited 13
Slide 14: Global Presence
Global Presence • Exports to more than 80 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 484 Cr in FY17. • 17 Overseas subsidiaries – 5 Direct and 12 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 599 Cr in FY17. • International
Slide 15: Marketing/ Advertising
Marketing/ Advertising • Consistent and effective brand building activities across various categories (a) Consumer Adhesives & Sealants (b) Craftsmen Adhesives (c) Waterproofing Chemicals (d) Hobby & Craft Colours • Several of the brands are well-known in respective categories (Fevicol, Fevikwik, M-
Slide 16: Shareholding Pattern as of December 31, 2017
Shareholding Pattern as of December 31, 2017 15.66% Promoters Mutual Funds 10.99% FPIs 3.76% 69.59% Others Pidilite Industries Limited 16
Slide 17: Share Price Movement
Share Price Movement Pidilite Sensex 165 160 155 150 145 140 135 130 125 120 115 110 105 100 95 90 85 80 75 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Rebased to 100 Pidilite Industries Limited 17
Slide 18: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40% 34.3% 34.1% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY13 FY14 FY15 FY16 FY17 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 18
Slide 19: Investor Contacts
Investor Contacts Investor Relations - investor.relations@pidilite.co.in Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007