Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q1 FY2020 Earnings Presentation
29 slides from Pidilite Industries's earnings presentation, Aug 7, 2019
Slide 1: Investor Update cover letter to stock exchanges
Pidiiite August, 2019 The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. Cil, G Block, 14'n floor, P. J, Tower. Bandra-Kuria Complex, Dalai Street, Fort Sandra (Ey Murnbai - 400 001 Mumbai - 400 051 Stock Code — 500331 St
Slide 2: Investor Update Quarter ended June 2019 - Financial Highlights
• ..0•••••fte.... Pidilite 601141, ,OndB Pidilite Industries Limited Investor Update Quarter ended June 2019 Financial Highlights Coverage Consolidated Standalone Financial Highlights Particulars Quarter Ended Quarter Ended Business segment wise results June’19 June’19 Overseas subsidiaries pe
Slide 3: Business Segment Wise Performance – Standalone
Business Segment Wise Performance – Standalone (On a comparable basis) Rs Crores Sr. Quarter ended Particulars No. Jun'19 Jun'18 % Changes 1 Segment Net Sales a) Consumer & Bazaar Products 1,491.0 1,349.0 10.5% b) Industrial Products 290.2 255.6 13.5% c) Others 22.5 21.7 3.6% Total 1,803.7 1,626.3 1
Slide 4: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 19 overseas subsidiaries (6 direct and 13 step-down) and one joint venture, including those having manufacturing and selling operations in USA, Brazil, Thailand, Dubai, Egypt, Sri Lanka and Bangladesh. The performance of the following major geograp
Slide 5: Domestic subsidiaries performance
Domestic subsidiaries performance The Company has 8 domestic subsidiaries and 2 partnership firm. `The performance of major subsidiaries is detailed below. These are like for like actual reported numbers and exclude consolidation impact. Rs Crores Quarter Ended Sales Jun'19 Jun'18 Growth Nina Pe
Slide 6: Statement of Standalone Unaudited 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 7: Standalone Unaudited Segment Information
---- 2 ---- STANDALONE UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2019 Rs Crores For the Year For the Quarter ended Sr. Particulars ended No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019 Unaudited Audited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar Products 1498.68 1097.78
Slide 8: Notes to the Standalone Financial Results
---- 3 ---- Notes to the Standalone Financial Results: r 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 6th August 2019. r 2. The Statutory Auditors have carried out a "Limited Review" of the above financials
Slide 9: Statement of Consolidated Unaudited 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 10: Consolidated Unaudited Segment Information
---- 2 ---- CONSOLIDATED UNAUDITED SEGMENT INFORMATION FOR THE QUARTER ENDED 30.06.2019 Rs Crores For the Quarter ended For the Year ended Sr. Particulars No. 30.06.2019 31.03.2019 30.06.2018 31.03.2019 Unaudited Audited Unaudited Audited 1 Segment Revenue a) Consumer & Bazaar Products 1736.42 1358.
Slide 11: 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 6th August 2019. 2. The above results comprise the results of Pidilite Industries Ltd. (Holding Company)
Slide 12: Pidilite Industries Ltd. Q1FY20
Pidilite Industries Ltd. Pidilite Industries Ltd. Q1FY20 Q1FY20 Earnings Presentation Earnings Presentation
Slide 13: Disclaimer
Disclaimer 04.•um Pidilite 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 curre
Slide 14: Financial Highlights
Financial Financial Highlights Highlights
Slide 15: Q1FY20 Earnings Summary
Q1FY20 Earnings Summary Pidilite Net Sales EBITDA ** PBT PAT Standalone* Rs 1,768 Cr Rs 418 Cr Rs 426 Cr Rs 288 Cr A A YoY Growth 7.3% 7. 7% 1 1 Consolidated Rs 2,006 Cr Rs 444 Cr Rs 439 Cr YoY Growth 10.3% 16.4% 22.2% * Excluding income from inter-company transfer of intangible assets in same perio
Slide 16: Comments on Financial Performance
Comments on Financial Performance .•um 04 Pidilite Standalone • Net Sales grew by 11% in Q1. • EBITDA, before non-operating income, at Rs 418 Cr grew by 16.4% in Q1, given the input cost led improvement in gross margins by 1.3%. Consolidated • Net Sales grew by 10.3%. • EBITDA, before non-operating
Slide 17: Q1FY20 Overseas Subsidiaries Performance
Q1FY20 Overseas Subsidiaries Performance , 000 04 Pidilite 40 32.6 31.5 Sales (in INR Crores) 27.4 28.1 26.3 22.7 21.0 19.8 20 I 13.7 13.6 8.0 8.1 8.0 6.8 2.1 1.8 0 Bangaldesh Srilanka North South Thailand Egypt UAE Others America America Q1, FY 2018-19 Q1, FY 2019-20 6 5.2 5.4 5 4 3.3 3 2 1.5 0.8 1
Slide 18: Q1FY20 Domestic Performance
Q1FY20 Domestic Performance .•um 04 Pidilite 80 76.5 Sales (in INR Crores) 63.4 60 53.4 37.1 37.4 40 31.8 20 16.0 16.8 0 Nina Percept Pvt Ltd * ICA Pidilite Pvt Ltd Cipy Polyurethane Pvt Others Ltd # Q1, FY 2018-19 Q1, FY 2019-20 12 10.1 10 8 6.3 6 5.4 3.9 3.6 ■ 4 2.3 1.9 1.5 EBITDA - 2 M Nina Perce
Slide 19: Company Overview
Company Company Overview Overview
Slide 20: Company Overview
Company Overview Pidilite Brand established in 1959. 8 Regional offices with 23 plants and Pioneer in Consumer and 25 co-makers in India Specialty Chemicals • International manufacturing facilities in USA, Thailand, Dubai, Adhesives & sealants, Brazil, Egypt, Singapore, Bangladesh construction chemi
Slide 21: Industry Segment Composition
Industry Segment Composition 4, 000 0 Pidilite Industrial Resins (5%) Pigment & Preparation (6%) Industrial Adhesives [4%) z 9 Others (1%) • 111/ Art/Craft Materials & Others (8%) 4 IP • 15% 11 C&B 84% Construction/ Paint Chemicals (20%) • • Adhesives & Sealants (56%) C&B - Consumer & Bazaar, IP - I
Slide 22: 5-Year Performance by Business Segments
5-Year Performance by Business Segments .•um 04 Pidilite Numbers represent Percentage of Total Sales Consumer and Bazaar Products Industrial Products IP includes Others also 85% 20% 18% 84% 84% 84% 18% 84% 17% 16% 16% 16% 83% 16% 83% 14% 82% 82% 12% 81% 10% 2014-15 2015-16 2016-17 2017-18 2018-19 20
Slide 23: Domestic Presence – India operations
Domestic Presence – India operations 04 .•um Pidilite • 5200+ SKUs of 500+ products • 4,900+ distributors • Domestic Revenue of Rs. 5,488 Cr for • 27 warehouses FY19 • 8 regional offices & RDCs • plants, 25 Co-makers Pidilite Industries Limited 12
Slide 24: Global Presence
Global Presence 04,0imm Pidilite • Exports to more than 80 countries. Major exports to Middle East, SAARC, Africa, USA & Europe. • Export Turnover of Rs. 607 Cr in FY19. • 19 Overseas subsidiaries - 6 Direct and 13 Step down. 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 523 Cr
Slide 25: Marketing/ Advertising
Marketing/ Advertising Pidilite • 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, Fev
Slide 26: Shareholding Pattern as of June 30, 2019
Pidilite Industries Limited • Shareholding Pattern as of June 30, 2019 11.46% 4.28% 14.51% 69.75% . Promoters . Mutual Funds . FPIs . Others ,,00mm Pidilite 15
Slide 27: Share Price Movement
Share Price Movement 04.•um Pidilite Pidilite Sensex 130 120 110 100 90 80 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Rebased to 100 Pidilite Industries Limited 16
Slide 28: Backed by consistent dividend payouts
Backed by consistent dividend payouts .•um 04 Pidilite 50% 40.6% 40% 38.4% 34.4% 33.1% 33.8% 30% 20% 10% 0% FY15 FY16 FY17 FY18 FY19 Note : The company transitioned into IND AS from 01.04.2015 Pidilite Industries Limited 17
Slide 29: Investor Contacts
Investor Contacts ,040011111.1 Pidilite Investor Relations - investor.relations@pidilite.co.in Puneet Bansal, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Pidilite Andheri (E), Mumbai - 400 059. Phone : +91 22 28357949 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007
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