Slide 1: Submission of Q1 F.Y. 2019-20 Presentation to exchanges
RUiHIL DECOR LIMITED Corporate Office: Regd. Office: Rushil House S. No. 125. Near Kalyanpura Paha, Village ITLA. Near Neelkanth Green Bungalow. Gandhinagar-Mansa Road, Ta. Kaloi. Off Sindhu Bhavan Road, Shtlaj. Dist Gandhinagar-382845. Gujarat. INDIA Ahmedabad-380058. Gujarat. INDIA. CJN:L25209GJ19
Slide 2: Result Presentation Q1FY20
RESULT PRESENTATION Q1FY20 JUNE 2019
Slide 3: Safe Harbour
SAFE HARBOUR Material and information provided in this presentation may contain ‘forward-looking statements’. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties which could cause actual outcomes and results to differ materially f
Slide 4: Index
INDEX Result Highlights 5 Brand & Product Offerings 10 Macros & Industry Scenario 18 Operational Metrics 22 Financial Summary 25 Key Management Profile 29 3
Slide 5: About Rushil Decor Ltd.
ABOUT RUSHIL DECOR LTD. MARKETING ₹ REVENUE STREAMS (FY19) 5 YEARS CAGR (FY15-19) • Revenue – 5.67% • Laminate • Laminates ₹ 18,293 lacs (0.9% YoY) • MDF Board • MDF ₹ 15,646 lacs (-9.3% YoY) • EBITDA – 10.13% • PVC Board • PVC Boards ₹ 638 lacs (1442% YoY) VISION Create a better everyday life for o
Slide 6: Result Highlights
a ”_ RUSHIL T HIGHLIGHTS TRAE \.
Slide 7: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS Total Income EBITDA EBITDA PAT (₹ Lakhs) (%) (₹ Lakhs) (₹ Lakhs) -2.31% -18 bps -3.54% 15.87% 8,690.2 8,489.4 1,287.7 1,242.2 600.0 517.8 14.82 14.63 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 6
Slide 8: Annual Financial Highlights
ANNUAL FINANCIAL HIGHLIGHTS Total Income EBITDA EBITDA PAT (₹ Lakhs) (%) (₹ Lakhs) (₹ Lakhs) -0.41% -428 bps -23.74% -53.67% 5,919.4 30.981 34,622.6 35,223.2 17.10 4,513.9 12.82 1435.3 FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19 7
Slide 9: Management Commentary; Market Share of Segments
MANAGEMENT COMMENTARY • Operating Revenue dipped 7.12% in Q1FY20 to ₹8,489.4 lakhs against ₹ 9140.4 Lakhs in Q4FY19 • EBITDA dipped by 23.7% YoY in FY19 with margins at 12.8% • The dip in margins were affected primarily due, year on year volume reduction and lower utilizations levels, increased staf
Slide 10: Growth Outlook - 4F Focus
GROWTH OUTLOOK - 4F FOCUS : FAVOURABLE FURNITURE FUNDAMENTALS FUNDAMENTALS FUTURE OF OF GROWTH FURNITURE • Product Penetration through multiple customer channels • MDF & PVC led Value • Housing Deficit & Macro engineering demand • Quality performance • Capacity Expansion • Design integrity & thinkin
Slide 11: Brand & Product Offerings
BRAND & PRODUCT OFFERINGS
Slide 12: Our Product Focus: Laminates
OUR PRODUCT FOCUS PRODUCTS Our Brands Advantage • Attractive • Safe LAMINATES • Eco-friendly • Durable • Pocket-friendly MANUFACTURING Units Capacity Utilization 3 34.9 82.6% (ALL BASED IN LAKH SHEETS (FY19) GUJARAT, INDIA) PER ANNUM MARKETING Network 46 4 2 5 1,950 DISTRIBUTORS CONSIGNMENT DEPOTS B
Slide 13: Our Product Focus: MDF Boards
OUR PRODUCT FOCUS PRODUCTS Range Our Brands 4 Ft. X 8 Ft. MDF MDF Boards with thickness BOARDS range from 7.5 mm to 30 mm, both in Interior & Exterior grades MANUFACTURING Units Capacity Utilization 1 300 90.6% (Based in Karnataka, CBM/ day to be (FY19) India). Proposed new increased to 1,100 unit t
Slide 14: Furniture of the Future – Made with MDF
FURNITURE OF THE FUTURE – MADE WITH MDF Millennials’ Furniture Preferences Demand for smart Preference for DIY generation Consumerism - Want furniture for readymade, branded Quality and eco- demands to replace furniture fast-lifestyles in a & low-maintenance friendliness customization for more often
Slide 15: Our Product Focus: PVC
OUR PRODUCT FOCUS PRODUCTS PVC Range Our Brands Wide range of PVC Boards both in Interior & Exterior grades MANUFACTURING Units Capacity Started Operation Chikmagalur, Karnataka 5,760 2018 MT per annum MARKETING Network Branch Areas • New offering • Introduced through 1 current marketing channels Va
Slide 16: Our Product Proposition and Strength
OUR PRODUCT PROPOSITION AND STRENGTH DESIGN LED VALUE ENGINEERING Laminates MDF Boards PVC Board CUSTOMER Value VANTAGE Design Leaders Quality Experts Value Engineering Expert Proposition Price - point • Competitively priced products for domestic and export • Competitively priced products for domest
Slide 17: Creating Awareness to Drive Retail & Institutional Sales
CREATING AWARENESS TO DRIVE RETAIL & INSTITUTIONAL SALES AWARENESS DRIVES FOCUS ON INSTITUTIONAL SALES Education programmes for Exclusive contracts Preferred vendor carpenters, interior with various for schools set up decorators and architects to institutions - by Government of drive usage of MDF an
Slide 18: Rushil Decor Brands
RUSHIL DECOR BRANDS PRODUCTS OFFERING BY RUSHIL DECOR 17
Slide 19: Macros & Industry Scenario
MACROS & INDUSTRY SCENARIO
Slide 20: India: Macroeconomic Growth Drivers
INDIA : MACROECONOMIC GROWTH DRIVERS Laminates PVC Boards Level-playing field for Implementation Sectoral transformation from Complex tax structure simplified the sector as the GST rate 18% GST rate 18% of Goods & exemption limit is unorganized to into a single, Services Tax restricted to INR 20 lak
Slide 21: The Furniture Material Landscape
THE FURNITURE MATERIAL LANDSCAPE Engineered Products Surface Products Medium Density Timber Plywood Particle Boards Veneers Laminates PVC Boards (MDF) Lifetime Durability Sturdy Fragile • Cheap • Sturdy + Durable Lifecycle durability (~20 years) (8-10 years) (>5 years) • Non aesthetic durable (8-10
Slide 22: Huge Opportunity in MDF and PVC
HUGE OPPORTUNITY IN MDF AND PVC FROM THE SURGE IN DEMAND Percentage share of organized/ LAMINATES INDUSTRY SNAPSHOT unorganized furniture industry. • Consumption of Indian panel products has • Industry size – ₹ 5,000 grown at a CAGR of 5-10% for the crore organised segment • 40% organized sector Org
Slide 23: Operational Metrics
a ”_ RUSHIL TIONAL METRICS A.
Slide 24: Operational Metrics - Quarterly
OPERATIONAL METRICS - QUARTERLY Operational Metrics Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Installed capacity Laminates (Nos) 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 8,73,125 MDF Boards (CBM) 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 PVC Boards (
Slide 25: Operational Metrics - Annually
OPERATIONAL METRICS - ANNUALLY Operational Metrics FY14 FY15 FY16 FY17 FY18 FY19 Installed capacity Laminates (Nos) 30,00,000 34,92,500 34,92,500 34,92,500 34,92,500 34,92,500 MDF Boards (CBM) 90,000 90,000 90,000 90,000 90,000 90,000 PVC Boards (CBM) 0 0 0 0 3,120 12,480 Production Laminates (Nos)
Slide 26: Financial Summary
a ”_ RUSHIL CIAL SUMMARY
Slide 27: Profit & Loss Statement - Quarterly
PROFIT & LOSS STATEMENT- QUARTERLY Profit & Loss (₹ Lakhs) Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Income from Operations 9,255.8 8,392.5 8,808.5 8,658.3 8,918.7 8,143.2 8,653.9 8,396.9 Other Income 39.4 100.4 33.8 31.8 23.6 306.9 486.7 92.5 Total Income 9,295.2 8,493.0 8,842.3 8,690
Slide 28: Profit & Loss Statement - Annually
PROFIT & LOSS STATEMENT- ANNUALLY Profit & Loss (₹ Lakhs) FY14 FY15 FY16 FY17 FY18 FY19 Income from Operations 25,567.2 27,565.6 29,675.6 30,595.2 34,351.9 34,374.2 Other Income 162.6 242.7 81.5 283.0 270.7 849.0 Total Income 25,729.9 27,808.3 29,757.0 30,878.0 34,622.6 35,223.2 Operating Expenses 2
Slide 29: Balance Sheet and Key Ratios
BALANCE SHEET AND KEY RATIOS Balance Sheet (₹ Lakhs) FY14 FY15 FY16 FY17 FY18 FY19 Share capital 1440.0 1440.0 1440.0 1440.0 1471.7 1,493.13 Reserves and Surplus 6,046.3 5,962.6 6,591.0 9,558.0 15,594.1 19,099.04 Non-current liabilities 9,350.1 7,506.2 7,354.9 6,613.5 7,388.7 22,444.86 Current liabi
Slide 30: Key Management Profile
KEY MANAGEMENT PROFILE
Slide 31: Management Team
MANAGEMENT TEAM MR. GHANSHYAM A. MR. KRUPESH G. THAKKAR THAKKAR QUALIFICATION: B. Sc. Diploma in Civil Engineering QUALIFICATION: Bachelor of Commerce • Shri Ghanshyambhai A. Thakkar has an experience • Over more than 2 decade of Experience in of more than 45 years in the industry of laminated Lamin
Slide 32: Stock Information
STOCK INFORMATION Market cap (INR) Shares Outstanding Bloomberg code NSE code BSE code 45338.99 Lakhs 149.3 Lakhs RDL:IN RUSHIL 533470 (as on 30th June 2019) (31th March 2019) Share holding Pattern (30th June 2019) Relative Stock Price vs BSE SMALL CAP INDEX 120 15.69 100 80 82 60 19.74 40 52.85 37
Slide 33: Thank You
Vipul Vora Sherwin Fernandes Rushil House, Near Neelkanth Green KARVY FINTECH" 702, Hallmark Business Bungalows,Off. Sindhu Bhavan Road, Plaza, Opp. Gurunanak Hospital, Bandra Shilaj, Ahmedabad-380058, Gujarat, India. East, Mumbai, Maharashtra 400051 Thank You info@rushil.com www.rushil.com sherwin.