Stylam Industries Limited has informed the Exchange about Investor Presentation
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Ref. No. : Sl L/CH D/20 23-24 I 07 O82O23
Dated: 07.08.2023
The Manager Listing Department BSE Limited (BSE) Corporate Relation Department, Phiroze Jeejeebhoy Towers,25rH Floor Dalal Street, Mumbai-400001
The Manager, Listing Department, National Stock Exchange of lndia Ltd (NSE) Exchange Plaza, C-1 Block G, Bandra Kurla Complex, Bandra, Mumbai -400051
BSE Scrip Code: 525951
Trading Symbol: STYLAMIND
Sub: : lnvestor Presentation for the Un-Audited Financial Results for the quarter ended June 30th 2023
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of tndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, Please find enclosed the Presentation for the quarter ended June 30th,2023.
You are requested to take above information on your record
Thanking you,
For Stylam Industries Limited
Sanjeev Kumar Sehgal
Company Secretary & Compliance officer
Stylam lndustries Limited Regd.Office: SCOl4,SectorTC,MadhyaMarg,Chandigarh(lNDlA)-l60019,T:+91-172-502155515021666,F:+91-172-5021495 Works l: Plot No. 192-193,lndustrial Area Phase-l, Panchkula (Haryana)'lNDIA - 134109, T: +91-172-256390712565387 Wotks ll:Village ManakTabra towards Raipur Rani, Mattewala Chowk, Distt. Panchkula (Haryana) W: www.stylam.com, CIN: 12021 1CH1991PLC01 1732 (Govt. of lndia recognised Star Export House)
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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 1 F Y 2 4 –
J u n e 2 0 2 3
Table of Contents
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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 32 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 75 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
Q1FY24
Q2FY24
Q3FY24
Q4FY24
226
42
28
FY24
226
42
28
Q1FY23
Q2FY23
Q3FY23
Q4FY23
FY23
235
35
21
246
40
24
234
39
24
237
40
27
952
154
96
Stylam Industries Limited
1 3
Quarterly Sales Performance
235
169
66
246
234
164
154
82
80
237
151
86
226
149
77
Q1FY23
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
Domestic
Exports
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
Q1FY24
Q4FY23
Q1FY23
FY24
FY23
226
125
101
45
19
40
42
18.6
0
1
5
-
36
15.9
9
27
11.9
2.80
237
130
107
45.
19
48
40
17.11
1
1
4
-
36
15.2
9
27
11.4
2.73
235
134
101
43
15
51
35
15.0
0
2
6
-
28
11.7
7
21
8.9
2.7
226
125
101
45
19
40
42
18.6
0
1
5
-
36
15.9
9
27
11.9
2.80
952
531
421
44
69
197
155
16.2
1
8
20
-
128
13.4
32
96
10
11.19
1 5
Balance Sheet (Consolidated)
ASSETS (₹ crore)
Q1FY24
FY23
LIABILITIES (₹ crore)
Q1FY24
FY23
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
172
12
0
5
189
152
121
44
32
349
538
172
13
0
4
189
160
126
27
36
349
538
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
432
440
7
9
16
43
29
10
82
8
404
412
11
36
47
40
30
10
80
Total equity and liabilities
538
538
Note - *Long Term Borrowings include current maturities
Stylam Industries Limited
1 6
Historical Sales Performance
460
302
158
FY19
462
308
154
FY20
480
332
148
FY21
Exports
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
659
421
238
FY22
Domestic
952
638
314
FY23
0
1 7
Margin Profile
155
16.3%
20.6%
99
104
15.7%
17.3%
80
17.2%
80
15.5%
46
14.5%
49
FY17
FY18
FY19
FY20
FY21
FY22
FY23
EBITDA
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
FY20
Net Worth
Net Debt
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
260
44
FY21
316
71
FY22
412
21 FY23
1 9
Improving Return Profile
21.3%
19.7%
19.3%
17.4%
17.3%
23%
22.31%
12.7%
FY20
FY21
FY22
FY23
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 (Q1FY24)
•
•
•
Stylam clocked sales of INR 226 crore in Q1F24 quarter, with slightly decline of -3.96% YoY .
Sales decline during the quarter was primarily by exports, which were INR 149 crore (-11.83 % YoY decline). although domestic sales witnessed significant uptick, clocking sales of INR 77 crore (16.7 % YoY).
The Company sold 2.8 million laminate sheets during the first quarter of Q1FY24 (vs. 2.7 million in Q1FY23; a 4 % YoY growth). Per sheet realizations vary based on the product mix during the period.
• Contribution margin has remained stagnant same as previous quarter and now stands at 44.69 % for Q1FY24 (vs. 45.1% in Q4FY23). Further, EBITDA for the quarter stood at INR 42 crore. In terms of margins, it stood at 18.51% (vs. 17.11 % in Q4FY23 and 15.03% in Q1FY23).
•
Stylam has improved its working capital despite adversities; the cycle stands at 92 days for the first quarter (vs. 93 days for Q4FY23).
• Net debt stood at INR (-)27 crore as on 30th June 2023. Net worth stands at INR 440 crore.
Stylam Industries Limited
2 1
Vision 2024-2026
•
The company has reached about 80% capacity utilization level in the laminates division. We had started modular expansion at the existing facilities that will increase our capacity by up to 40%. This will entail a total Investment of INR 40 Cr.
• Company has become the net debt free company & will ensure to maintain the debt free level even after setting up new
plant.
•
•
•
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.
. Board had approved the proposal for setting up a plant for the manufacture of laminate & necessary approval obtained.
is being
Stylam Industries Limited
2 2
Value Creation for Shareholders
2,688
1,363
Q1FY23
Q1FY24
Market Capitalization (₹ crore)
• 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 The total outstanding shares of company increased from 84,74,030 to 1,69,48,060.
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