Shankara Building Products Ltd. · NSE:SHANKARA
Shankara Building Products — H1 FY2025 Earnings Presentation
20 slides from Shankara Building Products's earnings presentation, Nov 4, 2024
Slide 1: Stock exchange cover letter for investor presentation
Shanlkoro Build ng Products Building Produets Limited Limited Date: 4th November, 2024 To To Department of Corporate services Listing Department BSE Limited National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Plot No. C-1, Rotunda Building, Phiroze Jeejeebhoy G Bloc
Slide 2: Investor Presentation Q2 & H1 FY2025
Shankoro Building Products Ltd. Bilao ro ,., . , . . . . " '"'"'. p Investor Presentation Q2 & H1 FY2025 November 4, 2024
Slide 3: Disclaimer
Disclaimer ------------------------------� • -Q_;?_; �-g� ' u_9_ d_ r:_9_ , . The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation _.I relating to the Company’s objectives, projections, outlook, expectations, e
Slide 4: Financial Highlights
Financial Highlights Q2 & H1 FY25 Highlights ▪ Healthy growth in non-steel revenue (+35%) ▪ Robust growth in steel volume growth (+25%) ▪ EBITDA up by 11% YoY during H1, despite softening of steel prices; EBITDA margin at 3.01% ▪ Finance cost reduced sequentially by 17% QoQ in Q2 ▪ Reduction in borr
Slide 5: Operational Highlights
Operational Highlights New fulfillment centers underway Expanding footprints beyond South ▪ Inaugurated Fotia experience center in Morbi in Sep-24 ▪ West and Central regions witnessed rapid expansion - ▪ Set up as strategic hub for expanding footprint pan India grew in excess of 50% YoY in H1 ▪ Iden
Slide 6: Financial Highlights
Financial Highlights • Revenue EBITDA PAT H1 FY25 2,620 79 31 +15% YoY +11% YoY -12% YoY Steel Volume +25% YoY EBITDA Margin 3.01% PAT Margin 1.19% Non-Steel Revenue +35% YoY Q2 FY25 1,329 38 15 +16% YoY +4% YoY -16% YoY Steel Volume +25% YoY EBITDA Margin 2.82% PAT Margin 1.14% Non-Steel Revenue +3
Slide 7: Steady growth in revenue and EBITDA with diversifying business mix
Steady growth in revenue and EBITDA with diversifying business mix Steady revenue momentum, in a difficult macro environment Focus on consistent EBITDA growth, despite volatilities +33% CAGR 100 .00 90. 00 80. 00 70. 00 60. 00 50. 00 1.3% 3.9% - - - 3.2% 3.1% 3.0% 0.0 % -5.0% 2,620 79 - -10.0% 71 40
Slide 8: Segmental Update - Steel Business
Segmental Update - Steel Business Robust growth in steel volumes despite sluggish demand Diversifying mix within steel, to drive steady growth* Healthy volume growth across steel portfolio (kT) Q2FY25 11% 7% • Steel Tubes & Pipes +25% YoY • Steel-Flat Products 194 177 196 16% • Roofing 157 157 66% •
Slide 9: Segmental Update – Non-Steel Business
Segmental Update – Non-Steel Business Aggressively expanding high margin non-steel business Aggressively growing non-steel segment revenue Q2FY25 +36% YoY 25% • Sanitaryware Revenue (Rs. Crore) 136 137 141 129 104 44% • Tiles 31% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 • Others* ■ Sanitaryware ■ Tiles ■
Slide 10: Strategic initiatives aimed at improving value-added portfolio
Strategic initiatives aimed at improving value-added portfolio • Tiles ❑ Private label, Fotia Ceramica has seen successful ramp up in Kerala & Tamil Nadu; now expanding presence in Karnataka & other Southern states ❑ Launched tile display centre in Morbi - aimed at expanding Fotia’s brand presence p
Slide 11: Expanding footprints beyond South, now in West & Central region
Expanding footprints beyond South, now in West & Central region Warehouses 10/1 South India 3.2% Processing Units States/UT 2% 90% FY21 8% West India 14.4% H1FY25 45 82.4% BuildPro Store Central India Cities South India West India Central India 3Y CAGR +31% H1FY25 3Y CAGR +49% H1FY25 3Y CAGR +59% H1
Slide 12: BuildPro - Digital presence
BuildPro - Digital presence Shanlkara Building Products Ltd. Online Discovery of wide range of products Anytime, Anywhere >>> Offline Push through Fulfillment Centers 8uip l o Cotegry StopbyBards About Us Cot0ct 0 c CC Category Points 4ire • ,4. bl Lighting Bath • .. Aioi i, tu Kitchen With launch o
Slide 13: Ensuring growth, while keeping balance sheet efficient
Ensuring growth, while keeping balance sheet efficient EFFICIENT WORKING CAPITAL STRONG ASSET OPTIMIZED MANAGEMENT EQUITY BASE BUSINESS MODEL 18% 65 16% 16% 53 Around 30-days 798 822 643 522 556 10% I 8% FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 Working Capital
Slide 14: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement ------------------------------� • -Q_;?_; �-g� ' u_9_ d_ r:_9_ , . Change Change _.I Particulars (Rs Crore) Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 YoY YoY Revenue from Operations 1,329 1,142 16% 2,620 2,275 15% Other Income 1 1 89% 2 1 47% Cost of Materials Consumed 1,2
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet ------------------------------� • -Q_;?_; �-g� ' u_9_ d_ r:_9_ , . _.I Particulars (Rs Crore) Sep-24 Mar-24 Particulars Sep-24 Mar-24 Shareholders Equity 822 798 Non-current assets 315 315 Non-current liabilities 20 25 Property, Plant & Equipment (incl. CWIP) 269 268 Borro
Slide 16: Demerger Update
Demerger Update Creating two distinct focused entities 8~ilpro Shankoro Building Products Ltd.
Slide 17: Creating two separate entities, focused on marketplace and manufacturing
Creating two separate entities, focused on marketplace and manufacturing • Shanlkara Building Products Ltd. Building Materials Marketplace Post segregation, Shankara Building Products Ltd (with its omnichannel presence) will be will be a focused listed entity for traditional separated to create Shan
Slide 18: Balance Sheet Split (as of September 30, 2024)
Balance Sheet Split (as of September 30, 2024) ------------------------------� • Current -Q_;?_; �-g� ' u_9_ d_ r:_9_ , . Post-demerger* Current Post-demerger* _.I Building Building Overall Materials Manufacturing Overall Materials Manufacturing Marketplace Marketplace Total Equity 822 421 400 Net B
Slide 19: Implementation Timeline
Implementation Timeline • Estimated timeline for the demerger: 10-14 months from Board Approval date Dec-23 Q4 FY2024 Q1 FY2025 Q2 FY2025 Oct’24 to Mar’25 Board Approval Filing of Application with Stock Exchanges NOC from SEBI Filing with NCLT Received creditors affidavit Shareholders Meeting NCLT A
Slide 20: Thank You
Thank You Scan the QR to experience the Shankara Building Products Limited CIN: L26922KA1995PLC018990 Mr. Alex Varghese, Chief Financial Officer ir@shankarabuildpro.com www.shankarabuildpro.com Android iOS 'I • • - • Shanlkaro Building Products Ltd. • • -- - 4Ee •
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