Hindware Home Innovation Limited

rs,

NLINE 24th May, 2023 The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers, 1st Floor, New Trading Ring, Rotunda Building, Mumbai-400001 (BSE Scrip Code: 542905) Listing De

rs 3,100

Outlook across product segments and geographies Retail Touch Points 35,000+ Distribution Partners 3,100+ Modern & Retail Outlets 700+ Omni-channel presence 3 Distinct Channels Sanitaryware & Faucet

50%

obally 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

12%

t 5 Financial Performance Consolidated Financial Performance 3 2 Y F 4 Q 3 2 Y F Revenue  12% YoY  12% YoY 712.5 685.6 EBITDA  33% YoY 767.9 EBITDA Margin (%) 89.8 67.2 60.4 PAT

33%

Financial Performance 3 2 Y F 4 Q 3 2 Y F Revenue  12% YoY  12% YoY 712.5 685.6 EBITDA  33% YoY 767.9 EBITDA Margin (%) 89.8 67.2 60.4 PAT 37.3  -39% YoY (₹ in crore) 22.8 Q

39%

oY 712.5 685.6 EBITDA  33% YoY 767.9 EBITDA Margin (%) 89.8 67.2 60.4 PAT 37.3  -39% YoY (₹ in crore) 22.8 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 9

9.8%

% YoY (₹ in crore) 22.8 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 9.8% 8.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.

8.5%

(₹ in crore) 22.8 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 9.8% 8.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.1 8.9

11.7%

crore) 22.8 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 9.8% 8.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.1 8.9% 9.8%

25%

Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 Q4FY22 Q3FY23 Q4FY23 9.8% 8.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.1 8.9% 9.8% FY22 FY23 FY22 F

38%

Q4FY23 Q4FY22 Q3FY23 Q4FY23 9.8% 8.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.1 8.9% 9.8% FY22 FY23 FY22 FY23 PAT*  -71% 201.7 100.9

8.9%

.5% 11.7% 7.8 Revenue 25% 2873.3 2,293.6 EBITDA  38% EBITDA Margin (%) 281.1 204.1 8.9% 9.8% FY22 FY23 FY22 FY23 PAT*  -71% 201.7 100.9 100.8 FY22 57.6 FY23 Note: * FY22 P

“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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Membership No.: 16068 Payal M Puri 301-302, 3rd Floor, Park Centra, Sector-30, Gurugram-122001 Q4 & FY23 Financial Result Presentation May 24, 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 confidential and ma

Note

* FY22 PAT of Rs.201.7 crore includes one-time exceptional gain amounting to Rs.100.86 crore, comprising Rs.66.11 crore from the investment in HPL on account of loss of control of the subsidiary and gain of Rs.34.75 crore on account of slump sale of the water heater business undertaking by the Company to HPL 7 Building Products Business Update  In FY23, Revenue stood at ₹ 2,316 vs ₹1,795 crore in FY22, higher by 29% - reflective of the business solid customer preference. o Growth driven by key initiatives across both Bathware and Plastic Pipes & Fittings businesses Building Products Business (₹ in crore) Revenue  14% YoY 550.0 578.2 627.1 Bathware Business  Sanitaryware and Faucets maintained it’s leadership Q4FY22 Q3FY23 Q4FY23 position in the Industry  Registered a strong performance, a result of operating leverage on the back of improved product mix, retrieval of margins o Innovative capability reflected in rich and diverse improved product portfolio introduced to offer product

Notes

• Pursuant to the acquisition of the Building Products manufacturing facilities from AGI Greenpac, all benefits relating to the same are now seen in the financials. • However, increases in raw material prices arising out of global macro environment challenges have impacted the performance *FY23 numbers are post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by subsidiary Hindware Limited. Hence, the consolidated results for the quarter ended 31st March 2023 are not comparable with Q4FY22 • Above stated financials are rounded off and as per management reported figures 9 Bathware Business Update – FY23* Revenue  29% YoY 1,189.4 1,531.6 EBITDA Margin (%)  56% YoY 212.6 136.3 (₹ in crore) EBIT Margin (%)  32% YoY 153.4 116.5 FY22 FY23 FY22 FY23 FY22 FY23 11.5% 13.9% 9.8% 10.0% PBT Margin (%)  6% YoY 117.1 110.8 9.3% 7.6% Net Working Capital (Days) 81 112 Net Bank Debt 343 FY22 FY23 FY22 FY23 -36 FY22 FY23

Notes

• *FY23 numbers are post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by subsidiary Hindware Limited. Hence, the consolidated results FY23 are not comparable with 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. The business reported revenue of ₹785 crore in FY23, up 30% Y-o-Y driven by a strong brand connection, increasing customer loyalty, and the successful launch of a second manufacturing plant o Higher contribution of CPVC products - 50+% of the total product portfolio in Q4 FY23  Commercial production of the second manufacturing plant commenced during Q4 FY23, taking annual production capacity to 48,000 MT  Forayed into PTMT Faucets and Accessories to provide customers with a one-stop solution for all their plumbing requirements  Collaborated with RWC Reliance W

Notes

• *FY23 numbers are post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by subsidiary Hindware Limited. Hence, the consolidated results for the quarter ended 31st March 2023 are not comparable with Q4FY22 • Above stated financials are rounded off and as per management reported figures 12 Plastic Pipes & Fittings Business Update – FY23 * Revenue  29% YoY 606.1 784.5 EBITDA Margin (%) -5% YoY 46.0 7.6% 43.8 5.6% (₹ in crore) EBIT Margin (%)  -49% YoY 41.5 6.8% 21.0 2.7% FY22 FY23 FY22 FY23 FY22 FY23 PBT Margin (%) Net Working Capital (Days) Net Bank Debt 272 41.6 6.9% FY22 -1.8 -0.2% FY23 62 FY23 13 FY22 -14 FY22 FY23

Notes

* FY23 numbers are the post acquisition of the Building Products manufacturing division of AGI Greenpac Limited (formerly HSIL Limited) by subsidiary Hindware Limited. Hence, the consolidated results FY23 are not comparable with FY22 • Above stated financials are rounded off and as per management reported figures 13 Consumer Appliances Business Update  We continued with our leading position in the kitchen appliances segment amidst a highly inflationary environment and increased competition o In FY23, revenue expanded by 16% to ₹501 crore and EBIT came in at ₹ 10 crore o In Q4 FY23 revenue stood at ₹128 crore and EBIT stood at a negative ₹0.3 crore  Currently, the business has 1,400+ distributors and 13,000+ retailers in India  Hintastica Private Limited (JV) announced the commencement of the its state-of-the-art its range of heating appliances at production of manufacturing plant in Jadcherla, Telangana in FY23 Q3 14 Consumer Appliances Business Update – Q4 FY23 Revenue  6% YoY 120