Berger Paints India Ltd — Investor Presentation 2021

Aug 10, 2021

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B [·][�][� ]
erger
Paint Your 1ma(Jlnat/Orl
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10[th ] Atigust, 2021

STOCK. EXG/ AG/ 2021-22

The Corporate Relationship The Listing Department Listing Department Department National Stock Exchange of The Calcutta Stock BSE Limited, India Limited Exchange Ltd. 1[st ] Floor, ,. ,[Exchange Plaza, 5][th ][Floor, ] 7 Lyons Range, Phiroze Jeejeebhoy Towers, Plot No.-C/1, 'G' Block, Kolkata-700001 Dalal Street,[· ] Bandra- Kurla Complex, Mumbai - 400001 Bandra (E) Mumbai - 400051 Scrip Code : 509480 Scrip Code: BERGEP AINT Scrip Code: 12529

Sub : Investor Presentation on Financial Results

With reference to our letter no. STOCK. EXG/ AG/ 2021-22 dated 6[t][h ] August, 2021 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed a copy of the investor presentation on financial results of the Company for quarter ended on 30[th ] June, 2021 to be made during the day.

The aforesaid presentation will also be uploaded on the website of the Company 1.e https://www.bergerpaints.com/investors/bpil-eamings.html .

Yours faithfully, For BERGER PAINTS INDIA LIMITED

NIT ANGULY VICE PRESIDENT & COMPANY SECRETARY

Encl.: a/a

•

. BERGER PAINTS INDIA LIMITED Berger House, 129, Park Street, Kolkata - 700 017, Phone: 2229 9724-28, 2229 6005-06, Fax: 91-33-2249 9009/9729, www.bergerpaints.com CIN - L51434WB1923PLC004793, E-mail : consumerfeedback@bergerindia.com

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Berger Paints India Limited Earnings Update Call, Q1 FY22 August 10, 2021

Q1 FY22 Performance

80.0 60.0

40.0

20.0

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GROWTH (%) - Standalone Q1 FY22
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180.0
160.0
140.0
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120.0

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100.0
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-

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Total income PBDIT
PBIT PBT PAT
from (Excluding
operations Other Income)
171.3
169.2
148.6
96.0
94.5
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Financial Results – Standalone Q1 FY22
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• Decorative business showed strong growth over corresponding quarter last year aided by a low base, even though impacted by the second wave of COVID in May

• General industrial and automotive business also maintained its growth trend supported by a low base

• Protective and Infrastructure coatings business also had a healthy growth even under restrictive business environment over corresponding period last year

• Raw material consumption as a percentage of sales went up mainly on account of higher raw material prices marginally set off by product price increases effected during the quarter. However, raw materials prices continue to be firm

• Overheads for the quarter were impacted by some one time application expenses on account of supply apply projects

	Financial Results – Standalone Q1	Financial Results – Standalone Q1	Financial Results – Standalone Q1	FY22
					Rs Crores
			% to Total		% to Total
		Q1 FY 22	Income	Q1 FY 21	Income	Growth %
	Total income from operations	1,619.21		826.14		96.0
	MaterialCost	1,005.67	62.1	494.33	59.8
	Employee Cost	98.53	6.1	87.75	10.6
	Other expenses	294.22	18.2	130.56	15.8
	PBDIT (Excluding Other Income)	220.79	13.6	113.50	13.7	94.5
	Depreciation	47.46	2.9	44.41	5.4
	Profit from operation before interest	173.33	10.7	69.09	8.4
	Other Income	16.01	1.0	7.06	0.9
	PBIT	189.34	11.7	76.15	**9.2 **	148.6
	Finance Cost	7.91	0.5	8.75	1.1
	PBT	181.43	11.2	67.40	8.2	169.2
	Taxes	46.34	2.9	17.60	2.1
	PAT	135.09	8.3	49.80	6.0	171.3
	Other comprehensive income, net of income tax	0.01	0.0	(0.37)	(0.0)
	Total comprehensive income for the period	135.10		49.43

96.0

90.0

70.0

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53.0
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50.0

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24.0
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30.0
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10.0
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-10.0

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19.0
21.0
15.6
15.5
13.2 7.5
7.4
2.9
Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22
-13.2
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-30.0

-50.0

-47.9

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Consolidated Q1 FY22- Growth (%)
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Total income PBDIT from (Excluding operations Other Income)

PBIT

PBT

PAT

900.0

830.9

800.0

700.0

600.0

482.0

500.0

400.0

305.0

300.0

159.0

200.0

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93.2
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100.0
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Financial Results-	Consolidated: Q1	Consolidated: Q1	FY22
					Rs Crores
		% to Total		% to Total
	Q1 FY 22	Income	Q1 FY 21	Income	Growth %
Total income from operations	1,798.49		930.76		**93.2 **
MaterialCost	1,104.67	61.4	549.52	59.0
Employee Cost	131.03	7.3	116.21	12.5
Otherexpenses	324.26	18.0	172.94	18.6
PBDIT(Excluding Other Income)	238.53	13.3	92.09	9.9	159.0
Depreciation	54.82	3.0	50.36	5.4
Profit from operation before interest	183.71	**10.2 **	41.73	4.5
Other Income	17.03	0.9	7.83	0.8
PBIT	200.74	**11.2 **	49.56	5.3	305.0
Finance Cost	9.58	0.5	12.39	1.3
PBTbefore share of joint ventures	191.16	10.6	37.17	4.0	414.3
Share of Profit / (loss) of associates and joint ventures	(0.84)	(0.0)	(4.47)	(0.5)
PBT	**190.32 **	10.6	32.70	3.5	482.0
Taxes	49.84	2.8	17.61	1.9
PAT	140.48	7.8	15.09	1.6	830.9
Other comprehensive income, net of income tax	(10.46)		(3.42)
Total comprehensive income for the period	130.02		11.67

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Financial Results- Consolidated: Q1 FY22
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▪ Performance of Company’s subsidiaries :

BJN had another of and as Nepal strong quarter topline profitability growth the lockdown situation eased

Company’s wholly owned Polish subsidiary Bolix S.A continued to grow with higher profitability aided by improved UK operations and price increases taken

SB Specialty Coatings Private Limited (erstwhile Saboo Coatings Limited) also recorded strong performance both on topline and profitability STP Ltd also had a good quarter of topline and profitability growth

▪ Company’s JV’s Berger Nippon Paints Automotive Coatings Ltd. and Berger Becker Coatings Ltd. showed improved performances in this quarter

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Disclaimer
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This presentation has been prepared by Berger Paints India Limited for information purposes only.

The forward looking statements, if any, involve risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the statements.