Hpl Electric & Power Limited · NSE:HPL
Hpl Electric & Power — Q4 FY19 Earnings Presentation
32 slides from Hpl Electric & Power's earnings presentation, May 20, 2019
Slide 1: Regulation 30 disclosure letter to stock exchanges
20th May, 2019 The Manager, BSE Limited Listing Department, 25th Floor, New Trading Ring, Rotunda National Stock Exchange of India Ltd. Building, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Symbol:
Slide 2: Q4 & FY19 Results Update
THE POWER OF TECHNOLOGY MCCB HPL ELECTRIC & POWER LIMITED Q4 & FY19 RESULTS UPDATE MAY 2019 HPL ELECTRIC & POWER LIMITED Q1 FY19 RESULTS UPDATE AUGUSTLED 2018 BULB 1
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by HPL Electric & Power Limited (“HPL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financ
Slide 4: Quarterly Update, Company Overview, Shareholding Structure
Quarterly Update Company Overview Shareholding Structure
Slide 5: Quarterly Update
QUARTERLY UPDATE
Slide 6: FY19: Key Highlights
FY19: KEY HIGHLIGHTS ▪ Revenues +12% YoY, EBITDA +22% YoY, PAT +19% YoY Robust Growth in Major ▪ Strong execution in metering, continued traction in switchgear & Business Segments lighting business ▪ EBITDA margin improved to 11.6% in FY19 compared to 10.6% in Improved Operating Margins FY18, backed
Slide 7: FY19: All Major Businesses Displaying Positive Growth Trajectory
FY19: ALL MAJOR BUSINESSES DISPLAYING POSITIVE GROWTH TRAJECTORY Revenues In Rs Crore Metering Business 191.5 153.6 160.3 Positive Trend In Metering 139.8 134.7 119.6 123.1 Business Over Last 8 Quarters 112.2 Switchgear Business 67.8 56.3 57.3 59.3 Continued Traction In Switchgear 51.3 54.1 Business
Slide 8: Q4 & FY19: YoY Highlights
Q4 & FY19: YoY HIGHLIGHTS In Rs Crore NET REVENUES & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGIN 29.8% 34.8% 9.6% 11.6% 3.6% 2.3% 352.5 40.7 12.6 314.6 30.3 7.2 12 % 35 % 73 % Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 NET REVENUES* & GROSS MARGIN EBITDA & EBITDA MARGIN PAT & PAT MARGI
Slide 9: Q4 FY19: YoY Segment Analysis
Q4 FY19: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 352.5 % EBIT Margin Q4 FY18 Q4 FY19 314.6 29.6 • Metering revenues grew by 37% YoY Wires & Cables 4.2% 5.0% 51.5 72.1 • Strong execution 55.5 59.3 • Margins increased due to higher revenue Lighting 12.5% 10.3% 67.8 base couple
Slide 10: FY19: YoY Segment Analysis
FY19: YoY SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 1,158.5 % EBIT Margin FY18 FY19 1,036.3 109.8 FY19: 132.6 Wires & Cables 6.0% 4.4% 211.7 183.8 • Metering revenues grew by 16% YoY 227.0 Lighting 11.6% 11.4% 194.5 • Switchgear revenues grew by 17% YoY Switchgear 18.1% 18.9% 609.
Slide 11: FY19: Revenue Breakup – B2C vs. B2B
FY19: REVENUE BREAKUP – B2C vs. B2B FY19 Revenues – Rs 1,158.5 crore B2B, 48% B2C, 52% B2C includes Non-utility Metering, Switchgear, Lighting and Wires & Cables Segment Revenues B2B includes Metering Revenues from Utilities and EESL 10 10
Slide 12: Q4 FY19: QoQ Segment Analysis
Q4 FY19: QoQ SEGMENT ANALYSIS In Rs Crore SEGMENT REVENUE AND EBIT MARGIN 352.5 % EBIT Margin Q3 FY19 Q4 FY19 29.6 259.4 72.1 Wires & Cables 4.0% 5.0% 15.3 52.1 59.3 Lighting 11.4% 10.3% 57.3 Switchgear 19.3% 18.7% 191.5 134.7 Metering 16.0% 16.2% Q3 FY19 Q4 FY19 SEGMENT REVENUE SHARE % Q3 FY19 Q4 F
Slide 13: Robust Order Book & Outlook
ROBUST ORDER BOOK & OUTLOOK ORDER BOOK (RS CR) – NET OF TAXES 575.4 New Metering Orders: 1.4 507.5 519.1 9.9 9.5 502.7 4.5 • Rs 62.5cr orders for meters with smart 4.2 4.8 450.5 11.6 30.3 13.4 26.9 12.3 17.5 communication technologies – 6.4 20.0 19.9 • 1P Static Energy Meters with 6-LowPan Technolog
Slide 14: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs. Cr.) Q4 FY19 Q4 FY18 YoY% Q3 FY19 QoQ% FY19 FY18 YoY% Net Revenue from Operations (Net of Excise) 352.5 314.6 12.1% 259.4 35.9% 1,158.5 1,036.3 11.8% COGS 229.8 220.7 4.1% 167.7 37.0% 759.7 682.7 11.3% Gross Profit 122.7 93.8 30.8% 91.7 33.8%
Slide 15: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (In Rs Cr) Mar-19 Mar-18 Particulars (In Rs Cr) Mar-19 Mar-18 Equities & Liabilities Assets Shareholder's Funds 728.5 703.9 Non-Current Assets 519.6 498.7 Equity share capital 64.3 64.3 Property, Plant & Equipment 423.6 402.7 Intangible Assets 29.7 22.6 Other E
Slide 16: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS 15
Slide 17: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS 16
Slide 18: Marketing Campaigns & Activations
MARKETING CAMPAIGNS & ACTIVATIONS 17
Slide 19: Channel Connect and Dealer Meets
CHANNEL CONNECT AND DEALER MEETS 18
Slide 20: Domestic Exhibitions
DOMESTIC EXHIBITIONS HPL Products attracted interest of many National & International customers Instore Ex! ion, March 2019 @ Mumbai A platform where all the experts in Retail / Commercial light segment comes together to preview their strength and this year we also showcased our beautifully designed
Slide 21: International Exhibitions
INTERNATIONAL EXHIBITIONS 20
Slide 22: Slide 22
Slide 23: Brief Profile
BRIEF PROFILE • HPL is an established electric equipment manufacturer in India - market leader in electricity energy meters (20% mkt. share) & on-load change-over switches (50% mkt. share), 5th largest LED manufacturer, 5% mkt. share in LV switchgears BUSINESS • 40+ year old established brand with s
Slide 24: Wide-Ranging Product Portfolio
WIDE-RANGING PRODUCT PORTFOLIO Metering Solutions Switchgears Lighting Equipment Wires and Cables Smart Meter Industrial Applications Consumer LED Products ACB MCCB Phase Selector Aries LED LED Glow 9W Fire Resistant Cables Net Meter Domestic Applications Commercial LED Products HPL is the “ONE-STOP
Slide 25: Strong R&D Thrust – Continuous Technology Upgradation
STRONG R&D THRUST – CONTINUOUS TECHNOLOGY UPGRADATION FOCUS ON CONTINUOUS R&D TO LAUNCH AND MARKET EXCITING NEW INNOVATIVE PRODUCTS LOADED WITH IMPROVED FEATURES, ENERGY EFFICIENCY, AUTOMATION AND COMMUNICATION Metering Solutions Switchgears Solar Net Meter Solar AC Solar DC Distribution Box Distrib
Slide 26: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES GURGAON JABLI Facility I: • Products: MCBs, distribution boards and panels, MCB isolators, MCB changeover switches, earth leakage circuit breaker and switches, energy Gurgaon Facility I: meters and parts of lighting equipment • Products: Electronic static energy
Slide 27: State of Art Manufacturing Facilities
STATE OF ART MANUFACTURING FACILITIES KUNDLI GHARAUNDA Facility I: Facility II: • Products: Wires and Cables • Products: Switchgears and parts of electronic • Products: Lighting equipment • Capacity: 194.4 Mn meters energy meters and parts of lighting equipment • Capacity: 26 Million Units • Capacit
Slide 28: Established Pan-India Distribution Network & Brand Presence
ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Head Office Branch Office ESTABLISHED PAN-INDIA DISTRIBUTION NETWORK & BRAND PRESENCE Works TO CAPTURE SIGNIFICANT GROWTH POTENTIAL IN ELECTRICAL EQUIPMENT INDUSTRY 90+ Branch Offices 21 Warehouses across India 1,200+ Authorized Dealers and
Slide 29: Extensive Experience, Established Relationships, Strong Credentials
EXTENSIVE EXPERIENCE, ESTABLISHED RELATIONSHIPS, STRONG CREDENTIALS STRONG EXECUTION, ESTABLISHED RELATIONSHIPS AND STRONG PRE-QUALIFICATION CREDENTIALS MAKE HPL A PREFERRED SUPPLIER OF THE SPECIALISED ELECTRICAL EQUIPMENTS EXTENSIVE EXPERIENCE ESTABLISHED RELATIONSHIPS STRONG PRE-QUALIFICATION CRED
Slide 30: Shareholding Structure
Slide 31: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDING – 31st MARCH 2019 KEY INVESTORS – 31st MARCH 2019 % Holding Public, HDFC AMC 6.03% 20.79% Institutions, EQ India Fund 0.67% 6.90% Source – Company Promoters, 72.31% Source – BSE 30
Slide 32: For Further Queries
FOR FURTHER QUERIES: Mr. Gautam Seth Mr. Nilesh Dalvi / Mehul Mehta Joint Managing Director IR Consultant Email: gautamseth@hplindia.com Email: nilesh.dalvi@dickensonir.com / mehul.Mehta@dickensonir.com Contact no: +91 9819289131 / 9820280325 31