HINDWAREAPNSEQ1 FY24August 10, 2023

Hindware Home Innovation Limited

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Key numbers — 23 extracted
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NE 10th August, 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
7%
O with Kisan Mouldings 6 Financial Performance Q1 FY24 Consolidated Financial Performance  -7% YoY  3% YoY  -46% YoY 4 2 Y F 1 Q (₹ in crore) 8 Building Products Segment 9 Build
3%
an Mouldings 6 Financial Performance Q1 FY24 Consolidated Financial Performance  -7% YoY  3% YoY  -46% YoY 4 2 Y F 1 Q (₹ in crore) 8 Building Products Segment 9 Building Produc
46%
gs 6 Financial Performance Q1 FY24 Consolidated Financial Performance  -7% YoY  3% YoY  -46% YoY 4 2 Y F 1 Q (₹ in crore) 8 Building Products Segment 9 Building Products Business
10%
ucts Business (₹ in crore)  -3% YoY  Focus on launching brand shops to foray into untapped  10% YoY markets  Continued to focus on optimising our working capital days Note: Revenue and EBIT f
1%
on from Plastic Pipes & Fittings business 10 Bathware Business Update – Q1 FY24 (₹ in crore)  -1% YoY  27% YoY  24% YoY  12% YoY Note: Above stated financials are rounded off and as per mana
27%
astic Pipes & Fittings business 10 Bathware Business Update – Q1 FY24 (₹ in crore)  -1% YoY  27% YoY  24% YoY  12% YoY Note: Above stated financials are rounded off and as per management repo
24%
& Fittings business 10 Bathware Business Update – Q1 FY24 (₹ in crore)  -1% YoY  27% YoY  24% YoY  12% YoY Note: Above stated financials are rounded off and as per management reported figure
12%
business 10 Bathware Business Update – Q1 FY24 (₹ in crore)  -1% YoY  27% YoY  24% YoY  12% YoY Note: Above stated financials are rounded off and as per management reported figures 11 Buil
₹6,000
districts, with a TAT of 24 hours in metro markets and 48 hours in upcountry markets Market Size ₹6,000+ crore Sanitaryware ₹12,000+ crore Faucets 12 Building Products Business - Bathware  Leading
Guidance — 2 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.
Address
opening
28+ years of experience in project finance, business strategy, structured finance etc.
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Notes
2
Address
1
Opening remarks
Address
Membership No.: 16068 Payal M Puri 301-302, 3rd Floor, Park Centra, Sector-30, Gurugram-122001 Q1 FY24 Financial Result Presentation August 10, 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 m
Notes
• Above stated financials are rounded off and as per management reported figures 22 Plastic Pipes & Fittings  TRUFLO by Hindware, is the fastest growing plastic pipes and fittings brand in India o With 2000+ SKUs already being offered and many more being added, TRUFLO aims to be amongst the top 5 CPVC players in 3 years  In-house manufacturing for better efficiencies & end to end logistics and supply chain control  The Company offers CPVC pipes for hot and cold-water plumbing applications, along with lead-free UPVC pipes, SWR pipes, PVC pipes for potable water, column pipes and overhead water storage tanks o Currently, the business has 280+ active distributors with more than 25,000 retail outlets  Best-in-class, NSF-certified (uses CPVC compound Durastream, supplied by ~US$10 Billon Sekisui Chemical Co. Ltd.) Market Size ~₹22,000 crore TRUFLO by Hindware™, addressable market size 23 Consumer Appliances Business 24 Consumer Appliances Business Update – Q1 FY24 (₹ in crore)
Notes
• • Above stated financials are rounded off and as per management reported figures *Net Borrowing figure is for Hindware Home Innovation Limited on a standalone basis 25 Consumer Appliances Business Update  Core Consumer Business built over last 6 years with a leading position in Kitchen appliances and growing presence in water heating and air coolers segments  Revenue stood at ₹105 crore o Market sentiment facing challenges initially on account of increased input prices and recently on account of inflationary pressure and increased interest rate. o Market expects a positive festive season unlike last year o Maintained leading position in kitchen appliances segment despite inflation and rising competition o Unseasonal rains impacted air coolers demand  Currently, the business has 1,400+ distributors and 14,000+ retailers in India  Successful launch of line of heating appliances at its state-of-the-art manufacturing facility in Jadcherla, Telangana, is delivering as per expectations
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