Akzo Nobel India Limited has informed the Exchange about Investor Presentation
Akzo Nobel India Limited
7th February 2025
Department of Corporate Services BSE Limited 1st floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort Mumbai - 400 001 Scrip Code: 500710
Dear Sir/Madam,
Sub: Investor Presentation
The Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th floor, Bandra-Kurla Complex Bandra (E) Mumbai – 400051 Symbol: AKZOINDIA
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the investor call presentation document basis the unaudited financial results as approved by the Board of Directors in today’s meeting, i.e. on 7th February 2025, for the quarter and nine months ended 31st December, 2024.
Kindly take this on record.
Thanking you.
Yours truly, For Akzo Nobel India Limited
Rajiv L Jha Company Secretary & Compliance Officer Membership No. F5948
Encl: as above.
Magnum Tower, 9th Floor T +91 124 485 2400 Golf Course Extension Road, Sector- 58 www.akzonobel.co.in
Gurugram – 122 011, Haryana, India
Registered office: 801A, South City Business Park, 770, Anandapur, E M Bypass, Near Fortis Hospital, Kolkata – 700 107 CIN: L24292WB1954PLC021516
Akzo Nobel India Ltd. Investor Call 7th Feb 2025
First Dulux Blue Store inaugurated in Faridabad
Safe Harbor Statement This presentation contains statements which address such key issues as AkzoNobel’s growth strategy, future financial results, market positions, product development, products in the pipeline and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecast and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures, as well as significant market disruptions. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more comprehensive discussion of the risk factors affecting our business, please see our latest annual report. Also, the Company has been making the required disclosures/clarification from time to time to BSE and NSE pertaining to AkzoNobel NV’s (parent/promoter entity) media release on portfolio review with initial focus on Deco South Asia, and the management would not be responding to any general and/or specific query in this regard in this investors’ call, however, the investors/public at large would be kept informed of any updates in this regard as per listing regulations.
Q3 2024-25 Performance Growing topline while maintaining profitability
Q3 Performance
Other Highlights
• Volume growth even in subdued market
conditions
• Revenue +2%; sustained B2B traction
•
Impact of RM inflation curtailed by managing costs
•
•
•
New propositions launched across categories in Decorative Paints
Underwriters Laboratories flame retardant certification for Resicoat; new opportunities in the growing electric vehicle market
Project Revive^ felicitated at the second edition of the North-East CSR Awards 2024
3
/ Investor call Q3 2024-25
^ Akzo Nobel India’s vocational skill-building initiative in decorative painting for drug-rehabilitated youth
Decorative Paints vertical Muted demand, competitive pressures impacting industry
• A difficult quarter with muted performance across categories.
• Projects business reported growth.
•
Launches in Waterproofing and Economy+ categories to increase play
4
/ Investor call Q3 2024-25
Coatings vertical Growth traction sustained across verticals
MPY
Powder
ASC
ICO
• Strong growth in
Infrastructure, Power and Mining segments driving growth in Protective business.
• Slow business
environment for Marine segments.
• The business did well in Industrial & Consumer, Appliances and Automotive segments.
• Functional segment
supported by projects.
• Auto OEM growth led by auto industry buoyancy
• Competitive refinish market
• Business impacted by
stress in overseas markets and pricing pressure • Pick up in Packaging
orders.
5
/ Investor call Q3 2024-25
OEM: Original Equipment Manufacturers
Q3 2024-25 Performance Growth driven by B2B business despite adverse demand conditions and heightened competition; continuing to balance Growth and Profitability
Revenue | 10,505 10,327 |
2%
GM
EBIT
PAT
4,402
| |
4,551
-3%
1,435
| |
1,463
-2%
1,086
| |
1,138
-5%
41.9% 44.1%
13.7% 14.2%
10.3% 11.0%
• GM% impacted by
rising RMC
•
Impact of GM dilution somewhat curtailed by OPEX control
• PAT decline of 5%
due to lower investment income
• Moderate volume
growth
• Most of the B2B
businesses sustained strong growth
CY | LY
6
/Investor call Q3 2024-25
Values in ₹ mn
Q3 and 9M 2024-25 Performance
(₹ mn)
Income Revenue from operations Other income Total income
Quarter ended 31-Dec-24 31-Dec-23
9M ended 31-Dec-24 31-Dec-23
10,505 60 10,565
10,327 84 10,411
2%
30,691 248 30,939
29,882 255 30,137
3%
Expenses Cost of goods sold Employee benefits expense Finance costs Depreciation and amortisation expense Other expenses Total expenses
Exceptional Items Profit before tax Tax expense Net Profit for the period * Change in OPEX/ Revenue
7
/Investor call Q3 2024-25
6,103 773 33 234 1,960 9,103
0 1,462 376 1,086
5,776 820 32 201 2,067 8,896
0 1,515 377 1,138
-2%
*
-5%
17,372 2,522 73 674 5,975 26,616
0 4,323 1,112 3,211
16,762 2,474 93 605 5,943 25,877
0 4,260 1,081 3,179
0%
*
1%
Concluding Remarks
• Delivered on growth and profitability
• Recognized for our products and services,
innovation and customer service
• Maintaining our commitment to shareholder value
creation
• Steadily progressing towards our ESG ambitions
Northeast CSR Award 2024, TISS, Guwahati
8
/Investor call Q3 2024-25
Thank you!