Everest Industries Limited · NSE:EVERESTIND

Everest Industries — Q1 FY2018 Earnings Presentation

22 slides from Everest Industries's earnings presentation, July 2017

  1. Slide 1: Everest Industries Limited Q1-FY18 Earnings Presentation

    EVEREST INDUSTRIES LIMITED Q1 – FY18 EARNINGS PRESENTATION

  2. Slide 2: Executive Summary

    Executive Summary Company Overview: Everest Industries Limited, incorporated in 1934, has a rich history in 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, and also p

  3. Slide 3: Company Overview

    Company Overview • Everest Industries Limited (Everest) has over 8 decades Revenue (INR Mn) and EBITDA Margin (%)* of experience in the business of building products and Income EBITDA margin (%) is also a pioneer of fibre cement products in India. 14,000 12,417 13,263 12% 10,229 11,771 • The company

  4. Slide 4: Key Financial Highlights – Standalone Historical (INR Mn)

    Key Financial Highlights – Standalone Historical (INR Mn) Current Quarter Previous Quarters Current Quarter Last Year Particulars Q1-FY18# Q4-FY17 Q3-FY17 Q2-FY17 Q1-FY17# Total Income* 3,793 3,255 2,534 2,290 3,797 EBITDA 333 301 (79) (39) 279 EBITDA Margin (%) 8.78 9.2 (3.1) (1.7) 7.35 Net Profit

  5. Slide 5: Building Products Performance - Standalone

    Building Products Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 250 2,800 349 226 226 350 338 2,768 200 2,750 150 2,722 300 100 2,700 50 0 2,650 250 Q1FY17 Q1FY18 Q1FY17 Q1FY18 Q1FY17 Q1FY18 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 700 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q1 Q2 Q3

  6. Slide 6: Indian Economy in the Last Quarter

    Indian Economy in the Last Quarter  Building material products industry is likely to turn around strongly, helped by macro factors such as rural housing demand, raw material prices, GST rates and a good monsoon.  The monsoon so far across the country has been normal and since there is a high degre

  7. Slide 7: Key Operational Highlights – Building Products Segment

    Key Operational Highlights – Building Products Segment  Everest has increased its market share amid uncertainties posed by GST rollout as most of distributors showed resistance to stock material towards the end of June in Roofing as well as Boards and Panels categories.  Q1 market share has improv

  8. Slide 8: Way Forward – Building products Segment

    Way Forward – Building products Segment  With a successful GST roll out and a favourable tax slab rate, we anticipate demand to spur in building product segment.  Strong time bound push and increase in government focus on rapid development of Smart Cities across the country will put pressure on sm

  9. Slide 9: GST Rollout

    GST Rollout GST Rollout Expect GST to Spur demand as the product gets more affordable due to :  Lower tax on end product.  Lower logistics cost.  Lower operational cost as depots are going to be redundant.  This may be hindered by initial bottlenecks on IT side readiness.  We are confident that

  10. Slide 10: Steel Building Performance - Standalone

    Steel Building Performance - Standalone Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) 14 1080 Q1FY17 Q1FY18 10 5 1058 13 13 -10 1030 12 12 998 -30 11 980 -41 Q1FY17 Q1FY18 -50 Q1FY17 Q1FY18 Sales (`000 MT) Revenue (INR Mn) PBIT (INR Mn) Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 78 Q1 Q2 Q3 Q4 60 4,500 70 14 1,206 16

  11. Slide 11: Key Operational Highlights & Way Forward –Steel buildings

    Key Operational Highlights & Way Forward –Steel buildings  We have worked with our customers to introduce risk mitigation clause for future contracts in case of significant changes in steel prices due to delays or government policy changes  Post successful GST rollout, demand seems to be returning

  12. Slide 12: Way forward for Steel buildings

    Way forward for Steel buildings  Everest remains committed towards smarter, safer and speedier construction technology which is fast catching momentum in INDIA.  Government focus to connect Tier II and Tier III towns via air routes will help the company to promote its modern Smart Steel Building T

  13. Slide 13: Steel Buildings – Major projects handed over in Q1FY18

    Steel Buildings – Major projects handed over in Q1FY18 Centurion, Bhubaneshwar Patanjali, Tezpur Rapid Metro Project (IL&FS), Gurugram Tata Power, Karnataka Technip, Gujarat

  14. Slide 14: Q1FY18 – Standalone Income Statement (INR Mn) – IND AS

    Q1FY18 – Standalone Income Statement (INR Mn) – IND AS Particulars Q1-FY18 Q1-FY17 Y-o-Y Total Income* 3,793 3,797 (0.1%) Total Expenses 3,460 3,518 (1.6%) EBITDA 333 279 19.4% EBITDA Margin 8.78% 7.35% 143 Bps Depreciation 56 66 (15.2%) Finance Cost 38 45 (15.6%) Exceptional items 16 0 NA PBT 223 1

  15. Slide 15: 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

  16. Slide 16: 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 3,515 3414 Reserves& Surplus 2,793 3,044 3,321 3,331 (Intangible Assets 126 71 0

  17. Slide 17: 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

  18. Slide 18: 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 Non-Current Assets Share Capital 152 153 154 154 Fixed Assets Reserves and Surplus 2,792 3,042 3,312 3,309 Tangible Assets 2,691 3,138 3,597 3,636 M

  19. Slide 19: 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 11,771 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

  20. Slide 20: Capital Market Information

    Capital Market Information SHARE PRICE PERFORMANCE (30th JUNE, 2017) 40% Everest Ind Sensex MARQUEE INSTITUTIONAL INVESTORS (30th JUNE, 2017) 20% HDFC Mutual Fund 5.93% 0% -20% ICICI Lombard General Insurance 5.22% -40% -60% Morgan Stanley Asia (Singapore) Pte. 1.03% PRICE DATA (AS ON 30th JUNE, 201

  21. Slide 21: Q1- FY18 Earnings Call Information

    Q1- FY18 Earnings Call Information The earnings call to discuss financial and operational performance for Q1-FY18 with Mr. Manish Sanghi, Managing Director and Mr. Nikhil Dujari, CFO will be held on:  Date: Monday, 31st July, 2017  Time: 11.30 AM  Primary Dial-in Numbers: +91 22 3960 0763 21

  22. Slide 22: 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

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