Hindware Home Innovation Limited
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Key numbers — 40 extracted
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3,100
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Guidance — 1 items
Address
opening
“By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company’s business.”
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Speaking time
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Opening remarks
Address
Membership No.: 16068 Payal M Puri 301-302, 3rd Floor, Park Centra, Sector-30, Gurugram-122001 Q3 & 9M FY23 Financial Result Presentation February 13, 2023 1 Disclaimer This presentation has been prepared by Hindware Home Innovation Limited (formerly Somany Home Innovation Limited) (the “Company”) solely for your information and may not be distributed, reproduced, or redistributed or passed on directly or indirectly to any other person, whether within or outside your organization or firm, or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessing this presentation, you agree to be bound by the following restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are confidentia
About Us
The company is refreshing its identity to Hindware Home Innovation Limited^ A Consumer Appliances and Building Products Company Owner of Hindware, a reliable and trusted brand across India Leveraging innovation and expansive distribution infrastructure across businesses o Building Products Business – • Well entrenched distribution network supported by strong and efficient manufacturing and sourcing capabilities − Leading player in sanitaryware & faucets space − Leading growth in plastic pipes and fittings solutions − Expanding manufacturing for our plastic pipes business to cater to markets across geographies Hindware Home Innovation Limited^ Consumer Appliances Retail Subsidiary Companies JV* 50% Hindware Ltd.# Building Products Evok Homes Retail Pvt. Ltd. (Evok.in) B2C E-commerce HPL Water Heater o Consumer Appliances Business – innovative offerings across varied product categories o Retail Business - Specialty home interior products under the brand ‘Evok’ Hintastica Private
Notes
* FY23 numbers are post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by wholly owned subsidiary Hindware Limited. Hence, the consolidated results 9M FY23 are not comparable with 9M FY22 • Above stated financials are rounded off and as per management reported figures 10 Plastic Pipes & Fittings Business Update Truflo continues to be the fastest growing plastic pipes brand in India with revenues of ₹565 crore during 9M FY23 up 41% Y-o-Y o Contribution of higher value CPVC pipes continues to increase – presently comprises close to half of total volumes o Maintains growth traction through strong brand awareness and high-quality products o Currently, Truflo has 290+ active distributors and 25,000 retail network Subdued profitability largely on account of inventory losses Commercial production of the second manufacturing plant commenced during Q4 FY23. The annual production capacity is now 48,000 MT Forayed into PTMT Fauc
Notes
* FY23 numbers are post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by wholly owned subsidiary Hindware Limited. Hence, the consolidated results for the quarter ended 31st December 2022 are not comparable with 31st December 2021 • Above stated financials are rounded off and as per management reported figures 12 Plastic Pipes & Fittings Business Update – 9M FY23 * Revenue 41% YoY 565.4 401.1 EBITDA Margin (%) -26% YoY 27.4 20.2 6.8% 3.6% (₹ in crore) EBIT Margin (%) -84% YoY 24.0 6.0% 3.8 0.7% 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 PBT Margin (%) Net Working Capital (Days) 24.3 6.0% -13.7 -2.4% 30 65 9MFY22 9MFY23 9MFY22 9MFY23 Net Bank Debt 327.7 -0.5 9MFY22 9MFY23
Notes
* FY23 numbers are the post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by wholly owned subsidiary Hindware Limited. Hence, the consolidated results for the nine months of 31st December 2022 are not comparable with 31st December 2021 • Above stated financials are rounded off and as per management reported figures 13 Consumer Appliances Business Update Strong product profile and brand salience combined with a sharp focus on innovation helped offset the impact of highly inflationary environment o In Q3 FY23, revenue stood at ₹119 crore, and EBIT came in at ₹1.1 crore o In 9M FY23 revenue stood at ₹373 crore and EBIT came in at ₹11 crore Currently, the business has 1,400+ distributors and 13,000+ retailers in India Hintastica Private Limited (JV), announced the commencement of the production of its range of heating appliances at its state-of-the-art manufacturing plant in Jadcherla, Telangana 14 Consumer Appliances Busi
Notes
* Net Bank debt figure is for Hindware Home Innovation Limited on a standalone basis • Above stated financials are rounded off and as per management reported figures 15 Consumer Appliances Business Update – 9M FY23 Revenue 20% YoY 310.4 373.3 EBITDA Margin (%) 41% YoY 21.0 14.9 (₹ in crore) EBIT Margin (%) 69% YoY 10.6 6.3 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 4.8% 5.6% 2.0% 2.9% PBT Margin (%) -4.8 -1.5% -2.4 -0.6% Net Working Capital (Days) 154 140 Net Bank Debt* 128.0 127.2 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23
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