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Investor Presentation - Q1 FY21 Private & Confidential 1
INVESTOR PRESENTATION
July 25, 2020
Q1 FY21
Refer to disclaimer
Investor Presentation - Q1 FY21 Private & Confidential 2
This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Control Print Limited (“CPL”, "Company“), nor shall part, or all, of this document
form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company.
This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this document is being
provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.
This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any
statement in this document that is not a statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this
document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have
been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results,
changes in assumptions or changes in factors affecting these statements.
You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own
view of the potential future performance of the business of the Company.
DISCLAIMER
Investor Presentation - Q1 FY21 Private & Confidential 3
CONTENTS
Company Overview
Quarterly Performance Highlights
Highlights
Annual Performance Highlights
Way Forward
Investor Presentation - Q1 FY21 Private & Confidential 4
PRODUCTS
Continuous InkJet Printer
Thermal Inkjet Printer
High Resolution
Printer
Thermal Transfer
Overprinter
Consumables
Large Character
Printer
Laser Printer
Hot Roll Coder
Investor Presentation - Q1 FY21 Private & Confidential 5
INDUSTRIES WE SERVE
Investor Presentation - Q1 FY21 Private & Confidential 6
Control Print has over 29 years of operational experience in the Indian coding and
marking industry. With over 360 field staff and two state of the art factories, we are
India's strongest and most reliable partner to you our customers.
Our representatives tailor their purchase advice based on your needs as a customer.
We are committed to ensuring that with Control Print you the customer will have one
less thing to worry about.
COMPANY OVERVIEW
Investor Presentation - Q1 FY21 Private & Confidential 7
Key notes
Crisil re-affirms
credit rating
at ‘A„
Company maintains Top 1000
position as per market cap
Installed base of printer
crosses
12,000 mark
Only integrated
“Make in India”
manufacturer
Investor Presentation - Q1 FY21 Private & Confidential 8
HIGHLIGHTS
Investor Presentation - Q1 FY21 Private & Confidential 9
Profitability Upside
In spite of lower revenue, EBITDA and PAT (excl.
exceptional) were at par with Q4FY20
Healthy margins with Gross Margin @ 67.6% and
EDITDA margin @ 24.3% in a tough quarter
Stringent cost control
Revenue Growth
Revenue was strong led by favourable mix towards consumables
Good recovery in Industrial Production
Flagship division (CIJ) maintains momentum amid gradual recovery of customers
Printers as well as consumables revenue expected to pick up in Q2
Newly launched products contributing to growth
Positives
New product launches well accepted by the market
Multiple verticals to deliver
growth in FY21
Man, Machine, Material, Finances, Technology are in
place to deliver continuous growth
SOFT START MARRED BY LOCKDOWN – MARGINS AIDED BY FAVOURABLE PRODUCT MIX
Investor Presentation - Q1 FY21 Private & Confidential 10
BRIEF FINANCIALS
Particulars (Rs mn) Q1FY21 Q4FY20 Q1FY20 FY2020 FY2019
Net sales 349.2 462.2 512.2 1,949.2 1,746.0
Gross Profit# 236.0 276.6 320.3 1,141.3 1,062.7
Gross margin (%) 67.6 59.9 62.5 58.6 60.9
EBITDA 84.9 85.1 137.7 429.5 453.1
EBITDA margin (%) 24.3 18.4 26.9 22.0 26.0
EBIT 64.1 65.1 118.1 339.2 378.8
PBT (excl. exceptional) 60.3 62.2 116.2 373.5 331.2
PAT (excl. exceptional) 55.0 55.0 95.0 309.0 256.0
PAT margin (%) 15.8 11.9 18.5 15.9 14.7
EPS(Rs) (excl. exceptional) 3.4 3.4 5.8 18.94 15.65
Dividend per Share (Rs.) - - - 8.0* 6.5
# Gross Profit calculated as Net Sales – Material Consumed (Cost of materials consumed + Change in Inventory + Purchase of stock in trade)
* Note: Total interim dividend paid during FY20 (1st : Rs 2.5 per share ; 2nd : Rs 4.5 per share)
Investor Presentation - Q1 FY21 Private & Confidential 11
QUARTER PERFORMANCE
HIGHLIGHTS
Investor Presentation - Q1 FY21 Private & Confidential 12
SYNOPSIS OF QUARTERLY PERFORMANCE (1/2)
435 411
440 460
512 501 474 462
349
0
70
140
210
280
350
420
490
560
Q1
FY1
9
Q2
FY1
9
Q3
FY1
9
Q4
FY1
9
Q1
FY2
0
Q2
FY2
0
Q3
FY2
0
Q4
FY2
0
Q1
FY2
1
Rs.
in M
n
Net Sales
55.9 56.1
62.2 63.9
62.5 64.0 63.5
59.9
67.6
50.0
52.0
54.0
56.0
58.0
60.0
62.0
64.0
66.0
68.0
70.0
0
50
100
150
200
250
300
350
400
450
500
Q1
FY1
9
Q2
FY1
9
Q3
FY1
9
Q4
FY1
9
Q1
FY2
0
Q2
FY2
0
Q3
FY2
0
Q4
FY2
0
Q1
FY2
1
(%)
Rs.
in M
n
Gross Profit Gross Margin (%)
Investor Presentation - Q1 FY21 Private & Confidential 13
SYNOPSIS OF QUARTERLY PERFORMANCE (2/2)
121
100
88
143
122 113
133
85 85
103
82
70
124
99 91
110
65 64
0
20
40
60
80
100
120
140
160
Q1
FY1
9
Q2
FY1
9
Q3
FY1
9
Q4
FY1
9
Q1
FY2
0
Q2
FY2
0
Q3
FY2
0
Q4
FY2
0
Q1
FY2
1
Rs.
in M
n
EBIDTA EBIT
23.71%
19.90%
15.81%
27.01%
19.38% 18.23%
23.28%
14.09%
18.35%
27.85%
24.45%
20.08%
31.11%
23.80% 22.62%
28.09%
18.41%
24.31%
0%
5%
10%
15%
20%
25%
30%
35%
Q1
FY1
9
Q2
FY1
9
Q3
FY1
9
Q4
FY1
9
Q1
FY2
0
Q2
FY2
0
Q3
FY2
0
Q4
FY2
0
Q1
FY2
1
EBIT Margin EBIDTA MARGIN
Investor Presentation - Q1 FY21 Private & Confidential 14
ANNUAL PERFORMANCE
HIGHLIGHTS (FY20)
Investor Presentation - Q1 FY21 Private & Confidential 15
SYNOPSIS OF ANNUAL PERFORMANCE (1/2)
0
500
1,000
1,500
2,000
2,500
FY16 FY17 FY18 FY19 FY20 FY20(Adj)
Revenue (Rs mn)
66.3 64.7 68.2
64.8 62.5 62.4
27.8 25.0 25.8 25.3
21.0 22.1
-
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
FY16 FY17 FY18 FY19 FY20 FY20(Adj)
(%)
Gross Margin (%) EBITDA (%)
Gross Margins maintained above 60%
EBITDA Margin maintained above 21%
Investor Presentation - Q1 FY21 Private & Confidential 16
SYNOPSIS OF ANNUAL PERFORMANCE (2/2)
19.2
16.8 17.4 17.1
13.2
14.6
10.0
12.0
14.0
16.0
18.0
20.0
22.0
24.0
FY16 FY17 FY18 FY19 FY20 FY20(Adj)
PAT (%)
Mid to high teen PAT margins maintained
23.3 24.5
18.5
20.3 19.9
18.0
10.0
12.0
14.0
16.0
18.0
20.0
22.0
24.0
26.0
28.0
30.0
FY16 FY17 FY18 FY19 FY20 FY20(Adj)
Tax rate (%)
Low tax rate led by Guwahati operations tax benefits
Investor Presentation - Q1 FY21 Private & Confidential 17
WAY FORWARD
Higher Consumables
Sales with improved
industrial production
Newly Launched
products to deliver
exponential growth
Replacement Market,
OEM and Key
Accounts to be the
drivers
Focused marketing
plans to capture last
mile user
Larger Market Share
with increasing
installed base of
printers.
Mask Division to
contribute from
Q2 FY20-21
Investor Presentation - Q1 FY21 Private & Confidential 18
CONTROL PRINT LIMITED C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai 400059, India.
Phone : +91 22 28599065 / 66938900 |Fax : +91 22 28528272
For further details please contact
Rahul Khettry Chief Financial Officer [email protected]
Kaptify Investor Relations Consultants [email protected]