Somany Ceramics Limited · NSE:SOMANYCERA
Somany Ceramics — Q2 FY2015 Earnings Presentation
14 slides from Somany Ceramics's earnings presentation, October 2014
Slide 1: Somany Ceramics Limited Q2/HY1'FY15 Investor Update
SOMANY CERAMICS LIMITED Q2/HY1’FY15 – Investor Update October 2014
Slide 2: Key Industry highlights
Key Industry highlights Industry very gung-ho on the scope of opportunities presented by the Government through the ‘Swachh Abhiyan’ scheme Creation of smart cities and improving infrastructure focus to keep the sector buoyant Contracting Gas prices YoY with a stable outlook to augur well for
Slide 3: Government Initiatives to augur well
Government Initiatives to augur well Infrastructure development is the DNA of Modi Govt. Corporate India committed to SBA… Coal India to spend Rs. 2.35bn on building Swachh Bharat Abhiyan (SBA)– to make toilets and improving sanitation Rural areas “open defecation free”- ODF by enabling construction
Slide 4: Quarterly overview
Quarterly overview • Q2’FY15 tile sale volume at 10.20 msm vs 9.39 msm, a growth of 8.6% YoY • H1’FY15 tiles sale volume at 19.59 msm vs 17.48 msm, a growth of 12.1% YoY Operational Performance • Sales in HY1’FY15 – Own Manufacturing (41%), JV (35%) and Outsource/Others (24%) • Net Sales increased b
Slide 5: Quarterly overview
Quarterly overview Added 40 dealers and 10 showrooms/display centers during the quarter Exports for the quarter almost doubled to Rs. 17.79 crores Geographical Sales – North (39%), South (29%), West (11%), East (17%), Exports (4%) Sanitaryware and bath fittings sales grew by 83% to Rs. 35.84 crores
Slide 6: Sales Performance
Sales Performance Q2’FY15 vs Q2’FY14 H1’FY15 vs H1’FY14 Own Manufacturing JV Outsourcing Own Manufacturing JV Outsourcing 386.98 730.73 400.00 800.00 350.00 320.61 86.98 700.00 593.02 174.27 300.00 600.00 111.13 250.00 500.00 206.07 141.02 255.24 200.00 55.83 400.00 101.14 150.00 300.00 100.00 158.9
Slide 7: Volume Performance (Tiles)
Volume Performance (Tiles) Q2’FY15 vs Q2’FY14 H1’FY15 vs H1’FY14 Own Manufacturing JV Outsourcing Own Manufacturing JV Outsourcing 19.59 12 10.20 20.00 17.48 9.39 18.00 4.58 10 2.11 16.00 6.78 8 3.60 14.00 6.14 3.43 12.00 6 10.00 2.07 1.14 8.00 4 6.00 8.63 8.87 4.65 4.66 4.00 2 2.00 0 0.00 Q2FY14 Q2
Slide 8: Q2/HY1'FY15 Profit & Loss
Q2/HY1’FY15 Profit & Loss Particulars Q2’FY15 Q2’FY14 Growth % H1’FY 15 H1’FY14 Growth % Net Sales 370.24 303.82 21.9% 698.54 561.79 24.3% EBIDTA 25.59 19.69 30.0% 46.64 38.27 21.9% Depreciation 5.52 5.46 1.1% 10.65 10.72 -0.7% Finance cost 3.72 4.77 -22.0% 7.43 9.25 -19.7% Profit before tax 16.35 9
Slide 9: H1'FY15 Balance Sheet
H1’FY15 Balance Sheet Particulars September 2014 March 2014 September 2013 Equity Share Capital 7.77 7.77 6.90 Reserves & Surplus 229.77 212.74 155.93 Net Worth 237.54 220.51 162.83 Total Debt 165.71 169.75 188.71 Net Block 226.46 218.52 218.96 Investments 21.67 21.67 9.20 Net Current Assets 164.92
Slide 10: Debt Management
Debt Management Working Capital Days Leverage Ratio 75 70 2.00 1.9 60 1.80 54 1.60 1.5 47 1.40 45 1.2 37* 1.20 34* 1.00 0.8 30 0.7 0.80 0.60 15 0.40 FY 11 FY 12 FY 13 FY 14 H1 FY15 FY 11 FY 12 FY 13 FY 14 H1 FY15 *excludes Current Investment of Rs. 37 crores in FY14 and Rs. 34.78 crores in HY1’FY15
Slide 11: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars FY 11 FY 12 FY 13 FY 14 Net Sales 708.34 870.37 1046.23 1252.96 EBIDTA 68.10 74.56 87.05 84.38 Depreciation 17.27 18.22 20.40 22.06 Finance cost 17.12 20.65 19.98 18.30 Profit before tax 33.71 35.69 46.67 44.02 Tax expenses 10.28 10.94 15.08 15.99 Profi
Slide 12: Historical Balance Sheet
Historical Balance Sheet Particulars FY 11 FY 12 FY 13 FY 14 Equity Share Capital 6.90 6.90 6.90 7.77 Reserves & Surplus 95.57 117.11 143.86 212.74 Net Worth 102.47 124.01 150.76 220.51 Total Debt 191.22 180.97 176.08 169.75 Net Block 175.92 193.97 208.91 218.52 Investments 1.72 5.95 9.20 21.67 Net
Slide 13: Disclaimer
Disclaimer The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. This Information may include certai
Slide 14: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Somany Ceramics Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L40200DL1968PLC005169 CIN - U74140MH2010PTC204285 Mr. R. K. Lakhotia, VP – Finance Mr. Shogun Jain/Ms. Sanjita Ghosh [email protected] [email protected]