Exxaro Tiles Ltd. · NSE:EXXARO
Exxaro Tiles — H1 FY24 Earnings Presentation
30 slides from Exxaro Tiles's earnings presentation, Nov 9, 2023
Slide 1: Exchange covering letter for investor presentation
Dated: 09th November 2023 To, To, BSE Limited National Stock Exchange of India Ltd. Corporate Relations Department Corporate Relations Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Block G,C/1, Bandra Dalal Street, Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai –400 051 Security Code: 54
Slide 2: Exxaro Tiles Limited Investor Presentation Q2/H1 FY24
EXXARO TILES LIMITED Investor Presentation – Q2/ H1FY24
Slide 3: Safe Harbour
Safe Harbour This presentation may contain certain forward-looking statements relating to Exxaro Tiles Ltd. and its future business, development and economic performance. These statements include descriptions regarding the intent, belief or current expectations of the Company, its subsidiaries and a
Slide 4: Q2 & H1 FY24 Result Highlights
Q2 & H1 FY24 Result Highlights 3
Slide 5: Management Commentary
Management Commentary Commenting on the results, Mr. Mukesh Patel, Chairman and Managing Director said: “We are pleased to announce the results for the Q2/ H1 FY24 for Exxaro Tiles. There has been a good level of increase in the topline on YoY as well QoQ basis. Going forward, we are set to benefit
Slide 6: Financial Highlights (1/2)
Financial Highlights (1/2) Margins Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) % 9.6% 9.3% 1.9% 0.3% 825.3 725.4 70.0 76.9 13.8% 10% (84.2)% Y-o-Y Y-o-Y Y-o-Y 13.7 2.2 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Total Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 9.7% 9
Slide 7: Financial Highlights (2/2)
Financial Highlights (2/2) (Rs. In Mn.) Total Revenue Split Geographical Revenue Split Q2 FY23 Q2 FY24 730.90 638.2 14% 4% 11% 11% 8% 47% 48% 79.1 61.4 8.1 28.3 29% 28% Q2 FY23 Q2 FY24 West south north Own Manufacturing Outsource Others West south north east east Export 1,381.1 H1 FY23 H1 FY24 1,204
Slide 8: Volumes
Volumes Sales Volume (in Msm) 4.52 4.21 Own Manufacturing Outsource 2.35 2.24 0.31 0.24 0.74 0.48 Q2 FY23 Q2 FY24 H1 FY23 H1 FY24 7 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 9: Key Development During H1 FY24
Key Development During H1 FY24 Talod Plant, Sabarkantha • Set up manufacturing facility at existing plant at Talod with capacity of 1.4 million sq. mtrs p.a • Large format GVT tiles admeasuring 9mm/20mm with thickness in various sizes of 800x2400, 800x3000, 800x3200, 1200x1800 & 1200x2400. • Capex f
Slide 10: Profit & Loss Statement – Q2 & H1 FY24 (Standalone)
Profit & Loss Statement – Q2 & H1 FY24 (Standalone) Particulars (Rs. in millions) Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Net Revenue 825.3 725.4 14% 741.3 11% 1,566.6 1,401.3 12% Cost of materials consumed 297.6 183.6 264.2 561.7 347.4 Purchase of stock-in-trade 51.9 70.3 48.9 100
Slide 11: Profit & Loss Statement – Q2 & H1 FY24 (Consolidated)
Profit & Loss Statement – Q2 & H1 FY24 (Consolidated) Particulars (Rs. in millions) Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1 FY24 H1 FY23 Y-o-Y Net Revenue 825.3 725.4 14% 741.3 11% 1,566.6 1,401.3 12% Cost of materials consumed 297.6 183.6 264.2 561.7 347.4 Purchase of stock-in-trade 51.9 70.3 48.9 1
Slide 12: Company overview
Company overview 11
Slide 13: Company At Glance
Company At Glance Single Largest Plant 2 14.6 million sq. m For manufacturing glazed Manufacturing Facilities Production Capacity vitrified tiles under one Located at Padra & Talod Per annum roof in India (Unit 2 at Talod) 1000+ 2000+ 25 states Designs Touchpoints serving metro, Domestic presence Ti
Slide 14: Key Milestones
Key Milestones 2012 2015 2022 Began setting up anew project • Won ‘Best Display Award’ at Décor India Show and won ‘Best Stall’ at to manufacture double-charged Buildtech 2015 Crossed annual sales of vitrified tiles at Padra, ₹3,000 + Million • Commenced the setting up of a new project at Talod in S
Slide 15: Our Unique Proposition
Our Unique Proposition Integrated Business Model In House R & D Facilities Low Cost Gas Supply Our is a Integrated Well-equipped in house We have Contract with Business Model leading to production facilities ONGC for Gas Supply at cost competitiveness and and laboratories. Strict our Vadodara Plant
Slide 16: Branding & Promotion Activities
Branding & Promotion Activities Exxaro Tiles signed Ajay Devgn as its brand Ambassador “Association with Ajay Devgn will strengthen our brand recall and position our unique offering, both to our valued customers and end- users” Branding activities undertaken: • Tiles display at each counter • Brandi
Slide 17: Manufacturing Facilities
Manufacturing Facilities Unit I – Padra ,Vadodra Unit 2 – Talod,Sabarkantha • Area - 1,23,504 Sq Mt • Area - 37,460 Sq Mt • Production Capacity – 11,000,000 Sq Mt • Production Capacity - 36,00,000 Sq Mt • Exxaro Unit 2 located at Himmatnagar, Sabarkantha • EXXARO Unit 1 based in Vadodara, Gujarat in
Slide 18: Our Way forward
Our Way forward Increase our sales Expand our dealer by enhancing our Improving network in existing Strengthen Brand Increasing our manufacturing operational markets and Value export presence capacities and efficiencies penetrating new procuring materials through markets on an outsourced Technologic
Slide 19: Product Profile
Product Profile 18
Slide 20: Product portfolio
Product portfolio Sizes In MM Tile • 800 X • 300 X 300 Categories 1600 • 300 X 450 1. Double Charged Exxaro has been a • 600 X • 300 X 600 frontrunner in Vitrified Tiles (DCVT) 1200 manufacturing tiles with: • 400 X 400 • 800 X 800 2. Full Body Vitrified • 3D effect in Double • 600 X 600 Tiles Surfa
Slide 21: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Ancona Shell Dallas Parrino Bianco Silver 20 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 22: New Product Basket 1600x800 MM Size
New Product Basket 1600x800 MM Size Dave Grey Dave Nero Adorf Crema 21 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 23: New Product Basket 1200x600 MM Size Spanizia Collection
New Product Basket 1200x600 MM Size Spanizia Collection Reven Arena Reven Crema Reven Gris 22 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 24: New Product Basket 600x600 MM Size-12 Thick Parking Tile
New Product Basket 600x600 MM Size-12 Thick Parking Tile Scab Grey Square stone Nuton Nero Olive Volte Crema Volte Brown Nuton Grey 23 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 25: Our Clientele
Our Clientele 24 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 26: Board of Directors
Board of Directors Mr. Mukeshkumar Patel Mr. Kirankumar Patel Mr. Dineshbhai Patel Promoter, Chairman and Promoter & Director Promoter & Director Managing Director (Sales & Marketing) (Operations) • Possesses approximately 20+ years of experience • Possesses approximately 15+ years of experience • H
Slide 27: Awards & Recognitions
Awards & Recognitions 26 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 28: Quality Certifications
Quality Certifications 27 Exxaro Tiles | NAYE BHARAT KI NAYI PEHCHAN
Slide 29: Historical Annual Performance Trends
Historical Annual Performance Trends Revenue (Rs. In Mn) EBITDA (Rs. In Mn) PAT (Rs. In Mn) 3,253 3,171 484 484 2,551 430 181.1 2,407 152.2 335 112.6 73.0 825 77 2.2 FY20 FY21 FY22 FY23 Q2FY24 FY20 FY21 FY22 FY23 Q2FY24 FY20 FY21 FY22 FY23 Q2FY24 Net Debt(Rs. In Mn) Sales Volume (in Msm) 1,706 1,557
Slide 30: Thank You
Thank You Contact Mr. Himanshu Shah (CFO) Namit Shah, CFA Email: cfo@exxarotiles.com Sr. Associate - IR Tel: 079-30555500 Email: namit@s-ancial.com Exxaro Tiles Limited Tel: +91 9619597619 12th Floor, D-Block, Ganesh Glory11, Nr. S-ancial Technologies Pvt. Ltd. (Investor BSNL Office, Jagatput Chenpu