Everest Industries Limited · NSE:EVERESTIND
Everest Industries — 9M FY2018 Earnings Presentation
25 slides from Everest Industries's earnings presentation, January 2018
Slide 1: Everest Industries Limited 9M / Q3–FY18 Earnings Presentation
EVEREST INDUSTRIES LIMITED 9M / Q3–FY18 EARNINGS PRESENTATION
Slide 2: Executive Summary
Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in the manufacturing of Building products and Steel products. Everest offers a complete range of roofing, ceiling, wall, flooring, and cladding products distributed through a large network, as we
Slide 3: Company Overview
Company Overview • Everest Industries Limited (Everest) has over 8 decades Revenue (INR Mn) and EBITDA Margin (%)* of experience in building products and is the pioneer 14,000 12% of fibre cement products in India. 13,263 12,000 10% 12,417 10% 11,771 • The company‟s business is built on three key pi
Slide 4: Key Financial Highlights – Standalone Historical (INR Mn)
Key Financial Highlights – Standalone Historical (INR Mn) Current Quarter Previous Quarter Current Quarter Last 9M Current Year 9M Last Year Year Particulars Q3-FY18# Q2-FY18# Q3-FY17# 9M-FY18# 9M-FY17# Total Income* 2,935 2,615 2,685 9,343 8,911 EBITDA 207 138 (74) 680 197 EBITDA Margin 7.05% 5.28%
Slide 5: Q3-FY18 – Standalone Income Statement (INR Mn) – IND AS
Q3-FY18 – Standalone Income Statement (INR Mn) – IND AS Particulars Q3-FY18 Q3-FY17 Y-o-Y Q2-FY18 Q-o-Q Total Income* 2,935 2,685 9% 2,615 12% Total Expenses 2,728 2,759 (1%) 2,477 10% EBITDA 207 (74) 138 50% EBITDA Margin 7.05% (2.76)% 5.28% 177 bps Depreciation 61 59 3% 59 3% Finance Cost 24 61 (6
Slide 6: Operational Highlights – Building Products
EVEREST INDUSTRIES LIMITED 9M / Q3–FY18 Operational Highlights – Building Products
Slide 7: Building Products Performance - Standalone
Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 180 300 1,900 160 250 140 161 1,800 1,816 200 257 120 127 1,700 150 100 1,600 100 80 50 60 1,500 40 1,533 0 20 1,400 -50 -41 0 1,300 -100 Q3-FY17 Q3-FY18 Q3-FY17 Q3-FY18 Q3-FY17 Q3-FY18 Sales (`000 MT) Revenue
Slide 8: Key Operational Highlights – Building Products Segment
Key Operational Highlights – Building Products Segment • Sales increased by 27% in terms of volume compared to Q3-FY17, and revenue by 18% vis-à-vis Q3-FY17. • Enhanced our operational utilization of plants. • Achieved better volumes in boards and Panels as compared to Q3-FY17 in Domestic Markets. •
Slide 9: Way Forward – Building Products Segment
Way Forward – Building Products Segment • Everest Super likely to fulfill aspiration for colored sheet with superior features. • Constant focus of infrastructure segment with projects like “Bharatmala Project” likely to present more opportunities in construction segment. • Focus on speedier construc
Slide 10: Operational Highlights – Steel Buildings
EVEREST INDUSTRIES LIMITED 9M / Q3–FY18 Operational Highlights – Steel Buildings
Slide 11: Steel Building Performance - Standalone
Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 16 1,200 1,130 7 15 1,091 6 15 1,100 6 14 5 14 1,000 4 13 900 3 12 2 1 11 800 1 10 700 0 Q3-FY17 Q3-FY18 Q3-FY17 Q3-FY18 Q3-FY17 Q3-FY18 Sales (`000 MT) Revenue (INR Mn)* PBIT (INR Mn) Q4 Q3 Q2 Q1 100 Q1 Q2 Q3 Q4
Slide 12: Key Operational Highlights – Steel buildings
Key Operational Highlights – Steel buildings • Dispatched 14,753 MT material in Q3-FY18, 2.5% higher than Q3-FY17. • Committed to timely hand over of projects to customers with Industry benchmark quality. • Order book as on 31st December, 2017 stands at 21,535 MT. • Volatile steel prices likely to k
Slide 13: Way forward – Steel Buildings Segment
Way forward –Steel Buildings Segment • Everest remains committed towards smarter, safer, and speedier construction technology. • Government focus to connect Tier II and Tier III towns via air routes will help the company promote its modern Smart Steel Building Technologies. • Focus on green building
Slide 14: Steel Buildings – Major projects handed over in Q3-FY18
Steel Buildings – Major projects handed over in Q3-FY18 NESCO - Mumbai Gokuldas – Bilaspur, Chhattisgarh Rapid Metro-Gurugram, Haryana Reliance - Jhajjar, Haryana RO-RO Ferry Terminal – Dahej, Gujarat Technip – Dahej, Gujarat 15
Slide 15: Everest Foundation – CSR Activities
Everest Foundation – CSR Activities • Everest Foundation is committed to enhance the Partners livelihood and living conditions of communities. • Proactive approach to get involved in the economic upliftment and improving living conditions. • Focus on training and skill building, health, hygiene and
Slide 16: CSR Initiatives
CSR Initiatives ‘Citizenship – Rights & Duties’! Awareness on Financial Inclusion Campaign Employees at Everest organized Everest employees have multiple Awareness Sessions that organized session with more than were organized at Kymore, 60 children of a school at OM Lakhmapur and at different Founda
Slide 17: Historical Financial Statements
EVEREST INDUSTRIES LIMITED Historical Financial Statements
Slide 18: Historical Income Statement – Standalone (INR Mn) - IGAAP
Historical Income Statement – Standalone (INR Mn) - IGAAP Particulars FY13 FY14 FY15 FY16 FY17 Total Income* 10,229 10,476 12,410 13,263 11,645 Total Expenses 9,163 9,954 11,486 12,266 11,182 EBITDA 1,066 522 924 997 463 EBITDA Margin 10.4% 4.9% 7.5% 7.5% 4.0% Depreciation 221 267 254 256 249 Financ
Slide 19: Historical Balance Sheet – Standalone (INR Mn) - IGAAP
Historical Balance Sheet – Standalone (INR Mn)- IGAAP EQUITIES & LIABILITIES FY14 FY 15 FY16 FY17 ASSETS FY14 FY15 FY16 FY17 Shareholder Funds Non Current Assets Share Capital 152 153 154 154 Tangible Assets 2,692 3,138 3,472 3,359 Reserves& Surplus 2,793 3,044 3,321 3,349 (Intangible Assets 126 71
Slide 20: Historical Income Statement – Consolidated (INR Mn) - IGAAP
Historical Income Statement – Consolidated (INR Mn) - IGAAP Particulars FY13 FY14 FY15 FY16 FY17 Total Income* 10,229 10,476 12,417 13,263 11,771 Total Expenses 9,163 9,955 11,493 12,274 11,318 EBITDA 1,066 521 924 989 453 EBITDA Margin 10.4% 5.0% 7.4% 7.5% 3.8% Depreciation 221 267 254 256 251 Inte
Slide 21: Historical Balance Sheet – Consolidated (INR Mn) - IGAAP
Historical Balance Sheet – Consolidated (INR Mn) - IGAAP Equity & Liabilities FY14 FY15 FY16 FY17 Assets FY14 FY15 FY16 FY17 Shareholder's Funds Assets Share Capital 152 153 154 154 Non-Current Assets Reserves and Surplus 2,792 3,042 3,312 3,327 Fixed Assets Minority Interest - - 9 2 Tangible Assets
Slide 22: Financial Performance – Consolidated - IGAAP
Financial Performance – Consolidated - IGAAP Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) Net Debt to Equity Ratio (x) 14,000 13,263 12% 600 6% 0.70 0.65 0.67 12,417 525 10,229 11,770 12,000 10% 0.60 10,476 500 5% 0.50 0.48 10,000 0.50 0.47 10% 8% 400 5% 345 4% 342 8,000 0.40
Slide 23: Capital Market Information
Capital Market Information SHARE PRICE PERFORMANCE (31st DECEMBER, 2017) 225% Everest Industries Sensex MARQEE INSTITUTIONAL INVESTORS (31st DECEMBER, 2017) 175% ICICI Lombard General Insurance 5.18% 125% 75% Vijay Kishanlal Kedia 3.89% 25% -25% HDFC Mutual Fund 2.65% PRICE DATA (AS ON 31st DECEMBER
Slide 24: 9M / Q3- FY18 Earnings Call Information
9M / Q3- FY18 Earnings Call Information The earnings call to discuss financial and operational performance for 9M/Q3-FY18 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on: Date: Tuesday, 30th January, 2018 Time: 11:00 AM Primary Dial-in Numbers: +91 22 3960
Slide 25: Disclaimer
Disclaimer Everest Industries Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions ar