Stylam Industries Limited has informed the Exchange about Investor Presentation
'E)
I
Ref. No.: SIL/CHD /2022-23/ 1.OO5ZO22
Dated: 10.05.2022
BSE Limited (BSE) Corporate Relation Department Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Mumbai - 400001
The Manager Listing Department National Stock Exchange of tndia Limited (NSE) Exchange Plaza, C 1, Block G, Bandra Kurla Complex, Ba nd ra, Mumbai -400051
Scrip Code: 526951
Symbol: STYLAMTND
Sub: lnvestor Prese ntation fo r the quarter an d financial vear e nded March 31. 2022
Dear SirlMam,
Pursuant to Regulation 30 of the securities and Exchange Board of lndia (Listing obligations and Disclosure Requirements) Regulations, 2015, Please find enclosed the presentation for the quarter and financial year ended March 3f,2022.
Please take the same on record
Thanking You,
For Stylam tndustries Limited
njeev Kumar Sehgal
Company Secretary & Compliance Officer
Membership No: A88134
Stylam lndustries Limited Regd. Oft<e: SCo 14, Sector 7C, Madhya Marg, Chandigarh (lNDlA)-160019,Tt +91-172-5021555/5021666,1,. +g1-:|72-SO2t 4g5 Works l: Plot No. 192-193, lndustrial Area Phase-1, Panchkula (Haryana) INDIA - 134109, T: +91-172-2563907125653g7 wotks ll: village Manak Tabra towards Raipur Rani, Mattewala chowk, Distt. panchkula (Haryana) w: www.stylam.com, clN: L2021lcH199l PLc0r l z32 (Govt. of lndia recognised star Export House)
S T Y L A M I N D U S T R I E S L I M I T E D
I N V E S T O R P R E S E N T A T I O N
Q 4 F Y 2 2 – M a y 2 0 2 2
Table of Contents
03
04
07
10
11
13
22
23
C O R P O R A T E O V E R V I E W
P R O D U C T P O R T F O L I O
I N F R A S T R U C T U R E & P R E S E N C E
M A R K E T I N G I N I T I A T I V E S
C E R T I F I C A T I O N S & A W A R D S
F I N A N C I A L U P D A T E S
V I S I O N 2 0 2 5
S H A R E H O L D E R S V A L U E C R E A T I O N
Stylam Industries Limited
2
Corporate Overview
•
Stylam Industries is the one of the fastest growing companies in the high-quality decorative laminates and allied products industry.
• We operate Asia’s largest single location laminate manufacturing plant with a diverse product portfolio, catering to a wide range of customer preferences, built with over 30 years of experience in the industry.
• We are a pioneer in India for introducing the PU+ Lacquer Coating process thereby producing high quality, high value-add laminate finishes. Apart from laminates, we have state of the art technologies and manufacturing facilities for Solid Acrylic Surfaces and Panels.
• We also diversified into a new segment and added a short cycle press capacity for lamination
of impregnated paper on Medium Density Fiber (MDF) panels.
• About two-third of our revenues are derived from exports to over 65 countries; the balance
being derived from our presence across the Indian subcontinent.
Stylam Industries Limited
3
Diversified Product Portfolio (1/3)
Stylam laminates have set benchmarks in the past because of the unique design range and consistently high quality.
FASCIA brings a unique façade system, manufactured using special quality resins, thereby providing effective weather protection.
CUBOID - modular restroom and locker cubicle systems. The range has been crafted with the finest materials and highest quality of fixtures and fittings.
Marvella Solid Surfaces; the perfect recipe for an exquisite décor. These surfaces offer unseen and spellbinding patterns along with long-lasting sturdiness.
Anti-Fingerprint Laminates are used in the most demanding interior design applications. A unique technology during manufacturing ensures that finger marks are almost never visible.
GLOSSPRO+ Laminates are crafted with State-of-the-art machines having a cutting- edge German Technology. The brilliance of gloss shall stay through years without any signs of wearing out.
Granex Solid Surfaces is an extremely versatile product - tough, durable, non-porous and repairable, that can be customized to integrate seamlessly.
ANTI-BACTERIAL & ANTI-FUNGIE LAMINATES
Anti-bacterial & Anti-fungie Laminates are intended for applications where there is a need for additional protection on the surfaces against bacteria/fungie.
Stylam Industries Limited
4
Diversified Product Portfolio (2/3)
What makes UNICORE unique is the identical colour of the decorative surface and its core layers as well.
Digital Laminates have just the features everyone has needed. A whole new world of creative and quality laminates among customized designs.
Stylam Synchro Laminates have the real feel of wood and an elegant natural look while carrying all advantages of a laminate.
Plus Guard Stylam Laminate provides a highly durable surface in lab conditions and has better abrasion and scratch resistance.
SYNCHRO LAMINATES
CHEMICAL RESISTANT LAMINATES
POST FORMING LAMINATES
MAGNETIC LAMINATES
MIRROR SHIELD LAMINATE
CHALK BOARDS & MARKER BOARDS
Post Forming Laminates enhance the decorative property of the edges of any regular laminate by ensuring no seams around the corners and a smooth, evenly laminated surface.
Magnetic Laminates have a strong magnetic effect and can be written on with chalks or special board markers. They are ideal for a wide variety of applications.
Mirror laminates are considered ideal for adding flair to light duty, horizontal or vertical applications. They can be used on walls, furniture, retail fixtures, signages, exhibits and display areas.
Chalkboard Laminate is the perfect solution for any space or application that demands a durable and affordable writing surface.
Stylam Industries Limited
5
Diversified Product Portfolio - Multiple Applications (3/3)
Stylam Industries Limited
6
Manufacturing Infrastructure: One of the largest in Asia (1/2)
Stylam Industries Limited
7
Manufacturing Infrastructure: State of the Art Facilities (2/2)
• Stylam operates one of the largest single location laminate manufacturing plants in Asia,
spread across 44 acres having an annual capacity of 14.3 mn sheets.
• We are a Global Pioneer for the ‘Hot Coating Process’ of PU+ Lacquer coating on thin laminates. This one-of-a-kind Hot Coating Process machine is made with a patented technology by KLEIBERIT and BARBERAN.
• We are also a Pioneer in India for Solid Acrylic Surfaces, setting up the first production line to
manufacture these products in India.
• We recently received a Certification from NSF International, USA for our Solid Acrylic Surface
products.
• Over 1,200 employees devote themselves to Stylam and its vision with a smile daily.
Stylam Industries Limited
8
Strong Global & Domestic Presence
Well penetrated globally as well as a wide domestic presence
Global presence in over 65 countries across Europe, Middle & Far East, the Americas (North and South), Asia, Africa and other geographies;
Increasing domestic presence across the country.
Stylam Industries Limited
9
Marketing Initiatives
Stylam Industries Limited
1 0
Recent Certifications
• Stylam’s status has been upgraded to “Three Star Export House” from the earlier
“Two Star Export House” as per the Foreign Trade Policy provisions.
• NSF International, USA recognized and certified Stylam authorizing the
Company to bear the NSF mark.
• Our Company is certified under the AEO programme (Authorized Economic
Operator) by the Indian Customs.
Stylam Industries Limited
1 1
Awards & Recognitions
“Over the last three decades we have strived to achieve our dream which has been a constant endeavor. We aim to improve each day and these recognitions motivate us to aim higher and perform better.”
The ISO 9001:2015 certification is a hallmark of integrity, quality and reliability. The design and efficiency of the laminates have earned us the CE Marking Award.
Stylam takes pride in being recognized as:
Export House by the Government of India, meeting all the quality, safety and green standard requirements while operating as a responsible corporate citizen.
Recognised by Financial Times and Statista as one of the FT 1,000 High-
Growth Companies Asia-Pacific 2018.
Honored with the Power Brands Rising Star Award 2016.
Honoured by the Renewable Energy Department for commendable work in
adopting energy conservation measures under the L.T. Industry Category.
Stylam Industries Limited
1 2
Summary Financial Performance (Consolidated)
(₹ crore)
Net Revenue
EBITDA
PAT
(₹ crore)
Net Revenue
EBITDA
PAT
Stylam Industries Limited
Q1FY22
Q2FY22
Q3FY22
Q4FY22
FY22
131
26
14
172
24
15
177
33
16
180
20
17
Q1FY21
Q2FY21
Q3FY21
Q4FY21
70
15
6
115
24
14
124
25
12
171
35
23
659
104
61
FY21
480
99
55
1 3
Quarterly Sales Performance
115
85
30
124
84
40
70
56
14
171
107
64
131
92
39
172
177
104
114
180
111
68
63
69
Q1FY21
Q2FY21
Q3FY21
Q4FY21
Domestic
Q1FY22
Q2FY22
Q3FY22
Q4FY22
Exports
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
1 4
Profit and Loss (Consolidated)
(₹ crore)
Net Revenue
Material Consumption
Contribution
Contribution Margin (%)
Employee Expenses
Other Expenses
EBITDA
EBITDA Margin (%)
Other Income
Finance Costs
Depreciation and Amortization
Less: Exceptional Items
PBT
PBT Margin (%)
Tax Expense
PAT
PAT Margin (%)
Sheets Sold (# mn)
Stylam Industries Limited
Q4FY22
Q3FY22
Q4FY21
180
107
73
40.4
14
38
20
11.1
7
2
6
-
19
10.7
3
17
9.2
2.3
177
99
78
44.2
15
31
33
18.7
(4)
2
6
-
21
12.1
6
16
8.8
2.4
170
89
81
47.9
13
34
35
20.3
1
1
6
-
28
16.7
5
23
13.8
2.0
FY22
659
FY21
480
376
284
43.0
55
125
104
15.7
8
8
23
-
81
12.2
20
61
9.3
9.1
247
233
48.6
38
96
99
20.6
1
6
23
-
71
14.8
16
55
11.5
6.9
1 5
Balance Sheet (Consolidated)
ASSETS (₹ crore)
Fixed assets
Capital work in progress
Investment in property
Other non-current assets
Total non-current assets
Inventory
Trade receivables
Cash and bank
Other current assets
Total current assets
Total assets
FY22
179
FY21
188
-
-
4
183
133
119
9
46
306
489
-
-
5
193
72
99
15
28
214
407
LIABILITIES (₹ crore)
FY22
FY21
Equity share capital
Other equity
Net Worth
Long term borrowings*
Short term borrowings
Total Debt
Trade payables
Other current liabilities
Other non - current liabilities
Total liabilities
8
308
316
21
59
80
58
21
14
93
8
251
259
24
35
59
51
16
21
88
Total equity and liabilities
489
407
Note - *Long Term Borrowings include current maturities
Stylam Industries Limited
1 6
Historical Sales Performance
294
204
90
FY17
338
230
108
FY18
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
460
462
302
308
158
FY19
Exports
154
FY20
Domestic
480
332
148
FY21
659
421
238
FY22
1 7
Margin Profile
80
17.3%
80
17.2%
15.5%
46
49
14.5%
99
20.6%
104
15.7%
FY17
FY18
FY19
EBITDA
FY20
FY21
FY22
EBITDA Margin
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
1 8
Balance Sheet Transformation
183
77
146
126
186
187
204
112
FY17
FY18
FY19
Net Worth
FY20
Net Debt
260
44
FY21
316
71
FY22
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
1 9
Improving Return Profile
21.3%
19.7%
19.3%
17.4%
17.3%
12.7%
FY20
FY21
FY22
RoE
RoCE (post-tax)
Note – RoE and RoCE for FY20 has been computed without considering exceptional item for better comparison;
Stylam Industries Limited
2 0
Review of Financial Performance (Q4FY22)
•
•
•
•
Stylam maintained its strong performance in the fourth quarter with sales of INR 180 crore, implying 5.6% YoY growth.
Sales growth during the quarter was backed primarily by exports, which were INR 111 crore (3.7% YoY growth). Notwithstanding impact of the third wave of Covid and the omicron variant, domestic sales witnessed YoY growth to INR 69 crore (7.8% YoY.
The Company sold 2.3 million laminate sheets during the fourth quarter of FY22 (vs. 2.0 million in Q4FY21; a 15.3% YoY growth). Per sheet average realizations vary based on the product mix during the period.
The industry continues to witness pressure in raw materials, significantly impacting margins further. This is attributable to the supply chain constraints witnessed globally. To exacerbate the situation logistics and freight costs have also witnessed significant increases.
• Consequently, our contribution margin witnessed pressure and stands at 40.4% for Q4FY22. Despite these challenges, EBITDA for the quarter stood at INR 20 crore. In terms of margins, it stood at 11.1% (vs. 18.7% in Q3FY22 and 20.3% in Q4FY21).
•
Stylam has improved its working capital despite adversities; the cycle stands at 78 days for the fourth quarter (vs. 93 days for Q3FY22).
• Net debt stood at INR 71 crore as on 31st March 2022. Net worth stands at INR 316 crore.
Stylam Industries Limited
2 1
Vision 2022-2025
•
•
Increase capacity utilisation on the back of completed expansion (capacities in place to double revenues).
Improve and enhance share of value-add products in the product mix as well as expanding the product range.
• Strengthen domestic presence with a deeper reach and penetration and creation of a strong brand.
• Expand coverage across newer exports regions along with increasing business with existing partners.
• Setting up the Plywood manufacturing facility - Stylam Panels Limited incorporated.
•
To be a net debt free Company.
Stylam Industries Limited
2 2
Value Creation for Shareholders
1,730
1,183
• During
Q4FY21,
Company completed its sub-division of shares (i.e. share split).
the
• One share with Face Value INR 10 was
split into two shares of INR 5 each.
•
The total outstanding shares of the company increased from 84,74,030 to 1,69,48,060.
Q4FY21
Q4FY22
Market Capitalization (₹ crore)
Stylam Industries Limited
2 3
Safe Harbor Statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Stylam Industries Limited (the “Company”), have been prepared solely for information purposes and DOES not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis of or be relied on in connection with any contract or binding commitment whatsoever. The Presentation is not intended to form the basis of any investment decision by a prospective investor. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, reliability or fairness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of or any omission from, this Presentation is expressly excluded. In particular, but without prejudice to the generality of the foregoing, no representation or warranty whatsoever is given in relation to the reasonableness or achievability of the projections contained in the Presentation or in relation to the bases and assumptions underlying such projections and you must satisfy yourself in relation to the reasonableness, achievability and accuracy thereof.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the wind power industry in India and world-wide, the Company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.
No responsibility or liability is accepted for any loss or damage howsoever arising that you may suffer as a result of this Presentation and any and all responsibility and liability is expressly disclaimed by the Management, the Shareholders and the Company or any of them or any of their respective directors, officers, affiliates, employees, advisers or agents.
Stylam Industries Limited
2 4
T H A N K Y O U
REGISTERED OFFICE: SCO 14, Sector-7C, Chandigarh Plant 1: Plot No. 191, Industrial Area-1, Panchkula, Haryana Plant 2: Village Manak Tabra, Ramgarh-Raipur Rani Road, Distt. Panchkula, Haryana Website: www.stylam.com