Orient Electric Ltd. · NSE:ORIENTELEC
Orient Electric — Q1 FY2023 Earnings Presentation
10 slides from Orient Electric's earnings presentation, Jul 25, 2022
Slide 1: Cover letter to stock exchanges
July 25, 2022 Listing Department Department of Corporate Services -Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze JeeJeebhoy Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Mumbai - 400 051 Fort, Mumbai – 400 001 Trading Symbol: OR
Slide 2: Investor Release Q1FY23
Orien t E lectric L imited Investor Release Q1FY23
Slide 3: Q1FY23 - Key Highlights
Q1FY23- Key Highlights Revenue & EBITDA Margins realigning with Pre Covid levels despite high inflation, and seasonal volatility Q1FY23 showed EBITDA margins in Q1 Revenue CAGR QoQ resilience to line with pre covid OF 14% FY18-FY23 RM inflation Levels Raw material ECD segment Coolers and Water Press
Slide 4: Q1FY23 Result Snapshot
Q1FY23 Result Snapshot Revenue higher than pre covid levels; despite higher base of previous quarters, creates a platform to grow from here on… ₹ in crore Revenue Gross Margins (%) Op. EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 47% 34% 7.7% 3.3% 3.0% 31% 622 2.8% 568 31% 6.1% 5.3% 6.1% 1.2% 29%
Slide 5: Q1 FY23 – ECD Segment Performance
Q1 FY23 – ECD Segment Performance Direct to Dealer approach being extended to other regions, with realigning of the channel distribution, it provides a window of opportunity ₹ in crore Distribution Channel: Revenue • During Q4FY22, the Company transitioned its distribution approach for its Fans segm
Slide 6: Q1 FY23 – Lighting & Switchgear Segment Performance
Q1 FY23 – Lighting & Switchgear Segment Performance Emerging Stronger, Q1 EBIT grew at CAGR of 42% for FY18-23 period ₹ in crore Revenue Revenue ▪ The Lighting & Switchgear (L&S) segment reported revenue growth of 80% for Q1FY23 YoY. The lighting 176 and Switchgear division remained buoyant and show
Slide 7: Q1 FY23 – Qualitative growth
Q1 FY23 – Qualitative growth Cash Flows, Working capital sacrosanct to profitability ₹ in crore Other Expenses Cash Flows from Operations ▪ Higher volume of operations in the quarter as against a covid-impacted operations last year influenced the higher spends. 100 ▪ renewed thrust in advertisement
Slide 8: New product launches
New product launches Fans Appliances Lighting & Switchgear Water Heaters Morace Hickory Brown Thermoslim – Glassline Bulkhead 12W Evoke Aquanaut Kitchen Appliances I Tome Plus I Falcon Deco Joylight Pixel Sprint Super MG Suvidha ICT Chefnova JMG Adonis Iron Venito Air Orient Electric Limited Panache
Slide 9: Q1 FY23 Results Profit & Loss Statement
Q1 FY23 Results Profit & Loss Statement Particular (₹ in Crore ) Q1 FY23 Q1 FY22 YoY % Q4FY22 QoQ% Revenue from Operations 621.6 422.3 47.2% 753.3 -17.5% COGS 448.8 306.9 46.3% 543.7 -17.5% Gross Profit 172.8 115.5 49.7% 209.6 -17.5% Gross Margin % 27.8% 27.3% 46bps 27.8% 0bps Employee Expenses 46.8
Slide 10: Thank You!
Thank You! investor@orientelectric.com abc@orientelectric.com www.orientelectric.com Follow us DISCLAIMER: Cautionary statement regarding forward-looking statements This presentation may contain certain forward-looking statements relating to Orient Electric Limited. (“OEL”, or “Company”) and its fut