Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2022 Earnings Presentation
29 slides from Pidilite Industries's earnings presentation, Aug 12, 2021
Slide 1: Cover letter to stock exchanges
12th August, 2021 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code – 500331 Stock
Slide 2: Investor Update, Quarter ended June 2021
Pidilite Industries Limited Investor Update Quarter ended June 2021 Financial Highlights Coverage Consolidated Standalone Financial Highlights Particulars Quarter Ended Quarter Ended Business segment wise results June’21 June’21 Overseas subsidiaries performance Sales Growth 120.7% 110.6% Do
Slide 3: Financial Highlights April – June 2021
Financial Highlights April – June 2021 Consolidated Performance as compared to the same quarter last year: Net sales grew by 120.7% (Excluding PAPL: 112.5%). Material cost as a % to net sales is higher by 437 Bps vs same quarter last year and 182 Bps vs sequential quarter. EBITDA before non-op
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 20 overseas subsidiaries (6 direct and 14 step-down) and one joint venture, including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka, Bangladesh and Kenya. Overseas subsidiaries continued its p
Slide 5: Statement of Standalone Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDAL
Slide 6: Standalone Segment Information
---- 2 ---- STANDALONE SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2021 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2021 31.03.2021 30.06.2020 31.03.2021 Unaudited Unaudited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar Products 1252.24 1450.97 614.45
Slide 7: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11th August 2021. 2. The Statutory auditors have carried out a " Limited Review" of the above financial re
Slide 8: Statement of Consolidated Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 91 22 2835 7000 Fax : 91 22 2835 6007 Email address : investor.relations@pidilite.co.in Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF CONSOLI
Slide 9: Consolidated Segment Information
---- 2 ---- CONSOLIDATED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2021 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2021 31.03.2021 30.06.2020 31.03.2021 Unaudited Unaudited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar 1486.24 1730.27 702.02 5808.88
Slide 10: Notes to the Consolidated Financial Results
---- 3 ---- Notes to the Consolidated Financial Results: 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 11th August 2021. 2. The above results comprise the results of Pidilite Industries Ltd. (Holding Company
Slide 11: Q1 FY22 Earnings Presentation
Q1’ FY 22 Earnings Presentation
Slide 12: Our Brands
OUR BRANDS nie FEVICOL Feviergt [ral per PERCEPT INSTANT ADHEST Fevi iwi Rangeela’ _|steelurip —™> Sve ® |ICA| Pidilite grupopuma Araldite LITOKOL Jowatz TERMINATOR
Slide 13: 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 14: Market Outlook
MARKET OUTLOOK ➢ Post lock down since mid-June 21, improvement underway as most markets returning to normalcy across towns, classes and geographies. ➢ Input costs remains a significant challenge, we see these as peaking in the next quarter and then gradually softening over the second half of the yea
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 16: Earnings Summary Q1 FY22
EARNINGS SUMMARY Q1’ FY22 NET SALES EBITDA* PBT PAT CONSILIDATED Rs. 1,928 Cr Rs. 357 Cr Rs. 290 Cr Rs. 218 Cr 120.7% 428.8% 814.4% 1273.2% YOY GROWTH 112.5% 395.9% 745.3% 1170.1% excluding PAPL is shown in unshaded portion and in italics STAND ALONE Rs. 1,617 Cr Rs. 308 Cr Rs. 355 Cr Rs. 289 Cr YOY
Slide 17: Performance Overview
PERFORMANCE OVERVIEW ➢ The second wave of Covid 19 disrupted business continuity from second half of April 21 with gradual closure across the country for May 21 and part of June. However sustained demand recovery seen from mid June onwards across towns and cities. ➢ Strong broad-based sales as well
Slide 18: Overseas Subsidiaries Performance Q1 FY22
OVERSEAS SUBSIDIARIES PERFORMANCE Q1’ FY22 (in INR Crores) Asia Sales 67.6 29.5 Americas Sales 51.5 37.5 EBITDA 12.9 1.4 EBITDA 5.3 1.5 Sales 48.1 EBITDA 26.1 -0.6 -2.9 Middle East and Africa • Amounts are like for like actual reported numbers excluding translations and other consolidation impacts •
Slide 19: Domestic Subsidiaries Performance Q1 FY22
DOMESTIC SUBSIDIARIES PERFORMANCE Q1’ FY22 80 71.7 INR (Rs in Crore) 57.5 NET SALES 60 40.0 40 25.3 20 7.5 11.7 7.6 7.2 0.0 2.7 0 Nina Percept Pvt Ltd ICA Pidilite Pvt Ltd Cipy Polyurethane PAPL Others Pvt Ltd Q1, FY 2020-21 Q1, FY 2021-22 30 22.3 20 10 4.8 2.3 0.0 The Company acquired 100% stake in
Slide 20: A Company at Glance
A COMPANY AT GLANCE Brand established Adhesives & sealants, History of creating Among the most trusted brands in 1959 construction strong brands in the country. Other big brands Pioneer in chemicals, art & craft include M-Seal, Fevikwik, Fevistik, Consumer & products & polymer Roff, Dr. Fixit, Fevic
Slide 21: Industry Segment Composition
INDUSTRY SEGMENT COMPOSITION 5.9% 6.4% Pigment & Industrial Resins, Preparations Construction chemicals (Project) etc. 0.8% Others 5.7% Industrial Adhesives 7.1% Art & Craft Materials etc. 54.2% 81.2% Adhesives & Consumer & bazaar products 19.9% Sealants Construction & Paint Chemicals 18.0% Business
Slide 22: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Sales Consumer and Bazaar (C&B) Business to Business (B2B) B2B includes Others also 82% 81% 24% 22% 81% 22% 21% 80% 80% 20% 20% 80% 20% 19% 79% 18% 79% 78% 16% 78% 14% 77% 12% 76% 10% 2016-17 2017-18 2018-19 2019-20 2020-2
Slide 23: Domestic Presence
DOMESTIC PRESENCE INDIA OPERATIONS 6,000+ SKUs of 600+ products Domestic Revenue of Rs. 5,547 Cr for FY21 25 plants, 30 Co-makers 4,700+ distributors 44 warehouses 9 regional offices & 2 RDCs
Slide 24: Share Holding Pattern - June 2021
SHARE HOLDING PATTERN- 30 JUNE 2021
Slide 25: 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-Seal,
Slide 26: Celebrating Occasions - Digital Way
CELEBRATING OCCASSIONS- DIGITAL WAY
Slide 27: Share Price Movement
SHARE PRICE MOVEMENT Rebased to 100
Slide 28: Consistent Dividend Payouts
CONSISTENT DIVIDEND PAYOUTS 50% 40.6% 39.9% 40% 38.1% 36.9% 33.1% 33.8% 30% 20% 10% 0% FY16 FY17 FY18 FY19 FY20 FY21 FY 21: Final dividend of Rs. 8.5 Per share approved by shareholders at the AGM held on 11 August 21. Note: The Net Profit considered for above calculation is excluding exceptional ite
Slide 29: Investor Relations
CIN : L24100MH1969PLC014336 Investor Relations Investor.relations@pidilite.co.in Puneet Bansal [Company Secretary] Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 Fax : +91 22 28216007
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