HSIL Limited Corporate Presentation August 2016
Disclaimer Disclaimer This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by HSIL Limited (also referred to as the ‘Company’). By attending the meeting where this presentation is being made or by reading the presentation materials, you agree to be bound by following limitations: The information in this presentation has been prepared for use in presentations by the Company for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell or issue, or any solicitation or initiation of any offer to purchase or subscribe for, any securities of the Company in any jurisdiction, including the United States and India, nor shall it, or the fact of its distribution form the basis of, or be relied on in connection with, any investment decision or any contract or commitment to purchase or subscribe for any securities of the Company in any jurisdiction, including the United States and India. This presentation does not constitute a recommendation by the Company or any other party to sell or buy any securities of the Company. This presentation and its contents are not and should not be construed as a prospectus or an offer document, including as defined under the Companies Act, 2013, to the extent notified and in force) or an offer document under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended). This presentation and its contents are strictly confidential to the recipient and should not be further distributed, re-transmitted, published or reproduced, in whole or in part, or disclosed by recipients directly or indirectly to any other person or press, for any purposes. In particular, this presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation or and if given or made, such information or representation must not be relied upon as having been authorized by us. Receipt of this presentation constitutes an express agreement to be bound by such confidentiality and the other terms set out herein. Any failure to comply with this restriction may constitute a violation of applicable securities laws. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither the Company nor any of its affiliates, advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, advisors or representatives are under an obligation to update, revise or affirm. This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Unless otherwise indicated, the information contained herein is preliminary and indicative and is based on management information, current plans and estimates. Industry and market-related information is obtained or derived from industry publications and other sources and has not been independently verified by us. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. THIS PRESENTATION IS NOT AN OFFER FOR SALE OF SECURITIES IN INDIA, THE UNITED STATES OR ELSEWHERE. 2
HSIL – An Overview HSIL – An Overview Overview Segment Revenue break-up (FY 2015-16) One of the leading players in two business segments – � Building products (BPD) and Packaging products (PPD) Bathroom solutions o Glass and plastic containers for packaging beverages, o liquor, pharmaceuticals and food products 10 manufacturing facilities (including 2 under � construction) Incorporated in 1960 � Registered office at Kolkata, State of West Bengal; � Corporate office in Gurgaon, Haryana Ownership Profile as on August 10, 2016 Listed on NSE and BSE - Market Capitalization of � Rs.2437 crore* (as of August 10, 2016) Promoters Promoters Public Float Public Float FIIs / DIIs / MFs FIIs / DIIs / MFs Pan India distribution network with around 3,000+ � dealers and 20,000+ retail touch points for BPD 47.7% Gross Sales of Rs.2042 crore & EBITDA of Rs.338 crore � 19.4% 32.9% for Financial Year 2015-16 HSIL HSIL Consistent dividend track record � * Rs. 1 crore = Rs.10 million 3
HSIL - key brands HSIL - key brands 4
HSIL (standalone) - financial snapshot HSIL (standalone) - financial snapshot Profit & loss account Rs. in Crore FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 CAGR Net Revenue 1,052 1,339 1,574 1,746 1,857 1,944 15.9% EBITDA 217 258 264 271 345 338 13.9% % 20.6% 19.3% 16.8% 15.5% 18.6% 17.4% EBIT 163 202 179 165 226 223 13.3% % 15.5% 15.1% 11.4% 9.5% 12.2% 11.5% PBT 127 163 139 98 152 185 18.8% % 12.1% 12.1% 8.8% 5.6% 8.2% 9.5% PAT 87 110 99 56 104 117 14.3% 14.47 16.67 15.01 8.51 15.7 16.14 9.2% EPS Balance Sheet FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 Sources of fund Share Holders Funds 701 1,013 1,089 1,121 1,436 1,501 Loan Fund 391 793 956 1,081 765 623 Deferred Tax Liability 73 74 110 115 104 101 Total 1,166 1,880 2,156 2,318 2,305 2,225 Application of fund Fixed Asset (Inc CWIP) 836 1,431 1,478 1,638 1,605 1,576 Investment 100 186 197 133 144 156 Net Current Asset 229 263 481 547 555 493 Total 1,166 1,880 2,156 2,318 2,305 2,225 Debt / Equity* ratio 0.78 1.34 1.43 1.55 0.75 0.57 *Equity/Net Worth is net of Business Reconstruction Reserve Net Revenue figures above include other operating income 5
HSIL – an overview HSIL – an overview Building Products Division Building Products Division Packaging Products Division Packaging Products Division � Sanitaryware � Glass Containers Products Products � Bathroom fittings and Faucets � PET Bottles, Containers Building Materials Division � Wellness & Allied Products � Security caps & closures � Consumer products, kitchen appliances & water heaters, air purifiers, water purifiers etc. Institutional Clients Key Brands Reckitt Pernod Recard United Spirits GSK Pharma Benckiser India Highlights Highlights United Coca Cola Building Materials Division Building Materials Division Carlsberg SAB Miller Breweries & Pepsi Co Glass Bottle Plants (1600 tonnes per day) Sanitaryware plants (3.8 Mn. Pcs per annum)* � Bahadurgah, Haryana � Hyderabad*, Telangana � Bibinagar, Telangana � Bhongir, Telangana Manufacturing Facilities Manufacturing Facilities PET Bottle Plants (9500 tonnes per year) Faucets plants (3Mn. Pcs per annum) � Bhiwadi, Rajasthan (Temporary shutdown) � Dharwad, Karnataka � Kaharani, Rajasthan � Selaqui, Uttarakhand *furnace having capacity of 300tons/Day is under shutdown *capacity expansion to 4.2 Mn. Pcs per annum in progress BPD FY 13 FY 14 FY 15 FY 16 PPD FY 13 FY 14 FY 15 FY 16 Net Revenue 747 881 936 1034 Net Revenue 826 864 920 909 Key Financials Key Financials EBIT 136 183 178 151 EBIT 71 10 84 113 EBIT % EBIT % 18.2% 20.7% 19.0% 14.6% 8.6% 1.1% 9.1% 12.4% 6
HSIL - key strengths HSIL - key strengths Sanitary ware Market Expected to Witness Extensive Product Portfolio in Strong Growth Experienced & Bathroom/ Sanitary ware/ Professional Management Consumer Products Strong Financial Brands Across the Price Performance Spectrum HSIL HSIL Wide Distribution & Limited Limited Accreditations & Awards Service Network Packaging Products – State of Art Strong customer Manufacturing Facilities relationships Strong Institutional Strong R&D and Product Customer Base in Building ng Development Expertise products segment 7
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