Pidilite Industries Limited · NSE:PIDILITIND
Pidilite Industries — Q3 FY2017 Earnings Presentation
34 slides from Pidilite Industries's earnings presentation, Feb 3, 2017
Slide 1: Investor Update cover letter to exchanges
03” February, 2017 Pan Pidilite The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14" floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Stock Code —
Slide 2: Investor Update: Quarter and Nine months ended December 2016
Pidilite Industries Limited Investor Update Quarter and Nine months ended December 2016 Coverage Financial Highlights Business segment wise Overseas subsidiaries performance Financial Results Investor Communication This investor update covers the Company’s performance for Quarter and Nine mo
Slide 3: Standalone Performance
Standalone Performance Gross sales at Rs 1,236 Cr declined by 1.6% over same quarter last year. This was driven by 2.0% decline in sales of Consumer & Bazaar products and 3.6% decline in sale of Industrial Products. Material cost, as a % to sale, is lower than same quarter last year by 143 Bps m
Slide 4: Material cost, EBITDA and profit for April–December 2016
Material cost, as a % to sale, is lower than same period last year by 307 Bps mainly on account of lower prices of key raw materials. Other expenses, including Excise duty, during the period were higher than last year by 10.4%. EBITDA, before non-operating income & exceptional items at Rs 973
Slide 5: Business segment wise performance - Standalone
Business segment wise performance - Standalone (Rs Crores) October – December 2016 CONSUMER AND BAZAAR PRODUCTS Segment revenue declined by 2.0%. Segment Profit before interest and tax (PBIT) grew by 1.5%. INDUSTRIAL PRODUCTS Segment revenue declined by 3.6%. Segment PBIT for the quarter dec
Slide 6: Overseas subsidiaries performance
Overseas subsidiaries performance The Company has 17 overseas subsidiaries (5 direct and 12 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 geographies,
Slide 7: Overseas performance by region: South America, SAARC
South America For the Quarter: Sales during the quarter grew by 11.6% over prior year. Excluding one-time costs, subsidiary reported positive EBITDA of Rs. 4.3 Cr due to better margins and control over costs. EBITDA, after considering the one-time costs, was Rs 3.6 Cr for the quarter compared to R
Slide 8: Standalone Unaudited Financial Results
PIDILITE INDUSTRIES LIMITED REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg, 208, Nariman Point, Mumbai - 400 021 Tel No. 94 22 2835 7000 Fax 91 22 2835 6007 Email address : investor [email protected] Website : www.pidilite.com CIN : L24100MH1969PLC014336 STATEMENT OF STANDALON
Slide 9: Segment Wise Revenue, Results and Capital Employed - Standalone
——-2--- REPORTING OF SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED-STANDALONE Rs Crores For the Nine Months Sr Particulars For the Quarter ended ended No. 31.12.2016 | 30.09.2016 | 31.12.2015 |31.12.2016] 31.12.2015 Unaudited Unaudited Unaudited _| Unaudited | Unaudited 41 |Segment Revenue a) C
Slide 10: Notes to Standalone Financial Results
Notes to Standalone Financial Results: The above results have been reviewed by the Audit Committee on 31st January, 2017 and approved by the Board of Directors at their meeting held on 1st February, 2017. The Company has opted to publish Standalone as well as Consolidated Financial Results. The Stat
Slide 11: 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 coin Website - www pidilite com CIN: L24100MH1969PLC014336 STATEMENT OF CONSOLIDA
Slide 12: Segment Wise Revenue, Results and Capital Employed - Consolidated
a ae REPORTING OF SEGMENT WISE REVENUE. RESULTS AND CAPITAL EMPLOYED-CONSOLIDATED REPORTING OF SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED-CONSOLIDATED Rs Crores Sr. Particulars For the Quarter ended For the Nine Months ended No. 31.12.2016 | 30.09.2016 | 31.12.2015 | 31.12.2016 | 31.12.2015
Slide 13: Notes to Consolidated Financial Results
Notes to Consolidated Financial Results The above results have been reviewed by the Audit Committee on 31st January, 2017 and approved by the Board of Directors at their meeting held on 1st February, 2017. The Company has opted to publish Standalone as well as Consolidated Financial Results. The Sta
Slide 14: Pidilite Industries Ltd. Q3 FY17
Pidilite Industries Ltd. Q3 FY17 Earnings Presentation
Slide 15: 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 16: Q3 FY17 Financial Highlights
Q3 FY17 Financial Highlights
Slide 17: Q3 FY17 Earnings Summary
Q3 FY17 Earnings Summary Gross Revenue* EBITDA PBT PAT Standalone Rs 1,242 Cr Rs 279 Cr Rs 280 Cr Rs 204 Cr YoY Growth - 1.6% - 2.6% + 0.8% + 3.1% Consolidated Rs 1,437 Cr Rs 291 Cr Rs 281 Cr Rs 203 Cr YoY Growth + 0.8% - 0.8% + 0.0% + 1.7% * Gross Revenue includes other operating income # Figures r
Slide 18: YTD FY17 Earnings Summary
YTD FY17 Earnings Summary Gross Revenue* EBITDA PBT PAT Standalone Rs 4,060 Cr Rs 973 Cr Rs 981 Cr Rs 703 Cr YoY Growth + 4.1% + 8.9% + 12.4% + 13.8% Consolidated Rs 4,658 Cr Rs 1,008 Cr Rs 991 Cr Rs 706 Cr YoY Growth + 6.2% + 7.6% + 9.7% + 10.6% * Gross Revenue includes other operating income # Fig
Slide 19: Comments on Financial Performance
Comments on Financial Performance Standalone • Gross Revenue declined by 1.6% in Q3 and grew by 4.1% YTD. • EBITDA declined by 2.6% in Q3 and grew by 8.9% YTD as compared to last year. Consolidated • Gross Revenue grew by 0.8% in Q3 and 6.2% YTD. • Material cost, as a % to sale, is lower by 193 Bps
Slide 20: Ind AS – Reconciliation of Standalone Results
Ind AS – Reconciliation of Standalone Results A reconciliation of the Standalone results to those reported under previous GAAP are summarised as under: Rs Crores Rs Crores For the Quarter For Nine months Particulars ended ended 31.12.2015 31.12.2015 Profit after tax as reported under previous GAAP 1
Slide 21: Ind AS – Reconciliation of Consolidated Results
Ind AS – Reconciliation of Consolidated Results A reconciliation of the Consolidated results to those reported under previous GAAP are summarised as under: Rs Crores Rs Crores For the Quarter For Nine months Particulars ended ended 31.12.2015 31.12.2015 Profit after tax as reported under previous GA
Slide 22: Q3 FY17 Overseas Performance
Q3 FY17 Overseas Performance (in INR Crores) Sales EBITDA # Figures are reported as per constant currency 9
Slide 23: YTD FY17 Overseas Performance
YTD FY17 Overseas Performance (in INR Crores) Sales EBITDA # Figures are reported as per constant currency 10
Slide 24: Company Overview
Oo Pidilite Company Overview FEVICOL Fevikwil® Fevicryl’ nangeela’ Roth THE ULTIMATE ADHESIVE steelorip|” MOY SHINE + PROTECTION FOR CARS & BIKES
Slide 25: Company Overview
Company Overview Brand established in 1959. 8 Regional offices with 22 plants and Pioneer in Consumer and 25 co-makers in India Specialty Chemicals Adhesives & sealants, International manufacturing facilities construction chemicals, art & in Thailand, Dubai, Brazil, US, Egypt craft products and poly
Slide 26: Industry Segment Composition as on March 2016
Industry Segment Composition as on March 2016 Organic Pigments and Preparations {6%} Industrial Adhesives, Resins & Others {11%} Adhesives & Art & Craft Materials Sealants {53%} and Others {11%} Construction/ Paint Chemicals {19%} Numbers represent Percentage of Total Net Revenue 13
Slide 27: 5-Year Performance by Business Segments
5-Year Performance by Business Segments Numbers represent Percentage of Total Net Revenue Consumer and Bazaar Products Industrial Products 84% 25% 83% 83% 21% 82% 19% 19% 82% 20% 18% 81% 81% 17% 81% 15% 80% 79% 79% 10% 78% 77% 5% 76% 75% 0% 2011-12 2012-13 2013-14 2014-15 2015-16 2011-12 2012-13 201
Slide 28: Domestic Presence – India operations
Domestic Presence – India operations • 5200+ SKUs of 500 products • 7000 distributors • Gross Turnover of Rs. 5,039 Cr for • 30 warehouses FY16 • 8 regional offices • 22 plants, 25 Co-makers Pidilite Industries Limited 15
Slide 29: Global Presence
Global Presence • Exports to more than 60 countries. Major exports to Middle East, Africa, USA & Europe. • Export Turnover of Rs. 452 Cr in FY16. • 17 Overseas subsidiaries – 5 Direct and 12 Step down and 1 Joint Venture. • Total revenue from Overseas subsidiaries of Rs. 582 Cr in FY16. • Internatio
Slide 30: 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-
Slide 31: Shareholding Pattern as of December 31, 2016
Shareholding Pattern as of December 31, 2016 Pidilite Industries Limited 18
Slide 32: Share Price Movement
Share Price Movement Rebased to 100 Pidilite Industries Limited 19
Slide 33: Backed by consistent dividend payouts
Backed by consistent dividend payouts 50% 40% 34.28% 34.08% 34.45% 35.08% 31.28% 32.31% 30.20% 30% 20% 10% 0% FY10 FY11 FY12 FY13 FY14 FY15 FY16 Pidilite Industries Limited 20
Slide 34: Investor Contacts
Investor Contacts Investor Relations - [email protected] Savithri Parekh, Company Secretary Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (E), Mumbai - 400 059. Phone : +91 22 67697000 CIN : L24100MH1969PLC014336 Fax : +91 22 28216007
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