Stylam Industries Limited has informed the Exchange about Investor Presentation
i
Ref. No. : SIL/ CHD / 2023-24 I 24772023
Dated:24-77-2023
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: 526951
Trading Symbol: STYIAMIND
Sub: lnvestor Presentation for the quarter and half vear ended September 30,2023
Dear Sir/Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of lndia (ListinB Obligations and Disclosure Requirements) Regulations, 2015, Please flnd enclosed the Presentation for the quarter and half year ended September 30, 2023.
Please take the same on record
Thanking You,
For Stylam lndustries Limited
Sanieev Kumar Sehgal
Company Secretary & Compliance Oflicer
Stylam lndustries Limited Regd.Office: SCOl4,SectorTC,MadhyaMarg,Chandigarh(lNDlA)-160019,T:+91-172-5021555/5021666,F:+91-172-5021495 Works l: Plot No. 192-193, lndustrial Area Phase-1, Panchkula (Haryana) INDIA - I34109, T: +91-172-2563907 12565387 Wotk ll: Village ManakTabra towards Raipur Rani, Mattewala Chowk, Distt. Panchkula (Haryana) W: www.stylam.com, CIN: 120211CH1991P1C011732 (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 2 F Y 2 4 – S E P T .
2 0 2 3
Table of Contents
✓ C O R P O R A T E O V E R V I E W
✓ S T Y L A M F O O T P R I N T S
✓ 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
✓ W H A T M A K E S S T Y L A M U N I Q U 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 6
✓ 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 80 countries; the balance
being derived from our presence across the Indian subcontinent.
Stylam Industries Limited
3
Stylam Footprints
8 Union
Available
Territories
28 States`
2000+
Cities
80+
Countries
Stylam Industries Limited
4
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.
Granex Solid Surfaces is an extremely versatile product - tough, durable, non-porous and repairable, that can be customized to integrate seamlessly.
With a perfect blend of royalty and modernity, innovation and creation, Tablex provides a wide range of applications in Interior & Exterior. Our products are marked by unsurpassed quality, durability, and impassioned artistry and are well supported by innovative manufacturing techniques .
Stylam Industries Limited
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.
Beauty, innovation, sustainability. Stylam introducing a new innovative product in the world of architecture and living. STELLA TILES a lightweight, versatile and resistant material that goes beyond the look of natural materials: decorative elements and sophisticated designs lend a distinctive quality personality to any project .
5
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
6
Diversified Product Portfolio - Multiple Applications (3/3)
Stylam Industries Limited
7
Manufacturing Infrastructure: One of the largest in Asia (1/2)
Asia’s Largest Laminate Plant
Stylam Industries Limited
8
Manufacturing Infrastructure: State of the Art Facilities (2/2)
• Stylam operates one of the largest single location laminate manufacturing plants in Asia,
spread across 58 acres having an annual capacity of 16 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 1,800 Team mates devote themselves to Stylam and its vision with a smile daily.
Stylam Industries Limited
9
Strong Global & Domestic Presence
Well penetrated globally as well as a wide domestic presence
Global presence in over 80 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
1 0
WHAT MAKES STYLAM UNIQUE
✓ Asia largest manufacturing plant
✓ State of the art technology
✓ Best Quality
✓ European Design Paper
✓ International and Wide Range of Designs
✓ Big Product Basket
✓ Best Price
Stylam Industries Limited
1 1
Marketing Initiatives
✓ Signboards
✓ Shop in Shop ( Fascia+)
✓ Dealers Certificate
✓ Wall Painting
✓ Magazine Ads
✓ Exhibitions Worldwide
✓ Carpenter Meets
✓ Leader of Stylam Program
✓ International Trip
✓ Digital Marketing (Instagram, Facebook, Linkedin etc)
Stylam Industries Limited
1 2
Stylam Industries Limited
1 3
Exhibition Worldwide/ Worldwide Presence:
Stylam actively participates in exhibitions worldwide to establish a global presence and showcase the products range to a diverse audience.
14
Digital Marketing
Main objective is to keep the followers well-informed about the latest products of STYLAM through Digital Marketing.
1 5
Digital Marketing
16
Loyalty Program
Stylam Industries Limited
1 7
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 8
Summary Financial Performance (Consolidated)
(₹ crore)
Net Revenue
EBITDA
PAT
(₹ crore)
Net Revenue
EBITDA
PAT
Stylam Industries Limited
Q1FY24
Q2FY24
Q3FY24
Q4FY24
226
42
28
234
47
32
FY24
460
89
60
Q1FY23
Q2FY23
Q3FY23
Q4FY23
FY23
235
35
21
246
40
24
234
39
24
237
40
27
952
154
96
1 9
Quarterly Sales Performance
234
237
246 ]
164
154
82
80
226
149
77
151
86
234
151
83
Q2FY23
Q3FY23
Q4FY23
Q1FY24
Q2FY24
Figures in ₹ crore unless mentioned otherwise
Stylam Industries Limited
Domestic
Exports
2 0
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
Q2FY24
Q1FY24
Q2FY23
H1F24
234
124
110
47
19
44
47
20
2
1
5
-
43
18.4
11
32
13.7
3.15
226
125
101
45
19
40
42
18.6
0
1
5
-
36
15.9
9
27
11.9
2.80
246
137
109
44.4
17
53
40
16.1
0
1
6
-
33
13.2
8
24
9.8
3.2
460
249
211
45.8
38
84
89
19.34
2
2
10
79
17.2
20
59
12.8
5.95
FY23
952
531
421
44.2
69
197
155
16.2
1
8
20
-
128
13.4
32
96
10
11.19
2 1
Balance Sheet (Consolidated)
ASSETS (₹ crore)
H1FY24
FY23
LIABILITIES (₹ crore)
H1FY24
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
170
12
0
5
187
148
130
72
27
377
564
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
464
472
6
0
6
48
21
17
86
8
404
412
11
36
47
40
22
18
80
Total equity and liabilities
564
538
Note - *Long Term Borrowings include current maturities
Stylam Industries Limited
2 2
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
23
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
2 4
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
2 5
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 6
Review of Financial Performance (Q2FY24)
•
•
•
Stylam clocked sales of INR 234 crore in Q2F24 quarter, with slightly decline of 5.03 % YoY .
Sales decline during the quarter was primarily by exports, which were INR 151 crore ( 8 % YoY decline). although domestic sales witnessed growth which is INR 83 crore (1.21 % YoY).
The Company sold 3.15 million laminate sheets during Q2FY24 (vs. 3.2 million in Q2FY23; 1.56 % YoY decline). Per sheet realizations vary based on the product mix during the period.
• Contribution margin has increased as compare to previous quarter and now stands at 47 % for Q2FY24 (vs. 45 % in Q1FY24). Further, EBITDA for the quarter stood at INR 47 crore. In terms of margins, it stood at 20 % (vs. 18.51 % in Q1FY24 and 16.07 % in Q2FY23).
• Net debt stood at INR 0 as on 30th September 2023. Net worth stands at INR 472 crore.
Stylam Industries Limited
2 7
Vision 2024-2026
•
The company has reached about 75% capacity utilization level expansion at the existing facilities that has increased our capacity . This had entail a total Investment of INR 30 Cr.
in the laminates division. We had completed modular
• Company has become the net debt free company & will ensure to maintain the debt free level even after setting up the
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. We have also started placing the order for machinery, work on land development has also started.
is being
Stylam Industries Limited
2 8
Value Creation for Shareholders
2,923
1,827
Q2FY23
Q2FY24
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 9
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
3 0
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