Nitco Tiles Ltd

1
Investor Update
Nitco Tiles Ltd
July September 2007
October 24, 2007
2
Index
Financial Review
1.
Product Wise Performance
2.
Operational Highlights
3.
4.
Financial Statements
3
Strong growth across key financial parameters
Performance Review Q2 FY08 Vs. Q2 FY07
49
45
26
PAT
EBITDA
Net Sales

• Net Sales up 45 from Rs 971.2mn to Rs 1,409mn
  driven by strong growth across key product
  segment
• Ceramic tiles up 24.7 to Rs 355.7mn
• Vitrified tiles up 35.9 to Rs 785.3mn
• Mosaic tiles up 10.3 to Rs 28.7mn
• Marble up 83.5 to Rs 384.3mn
• EBITDA up 26 from Rs 171.9mn to Rs 216.5mn,
  while EBITDA margin dropped from 17.7 to 15.3
  due to
• Higher level of Institutional sales in the
  vitrified segment to capture higher market share,
  and increase in freight for vitrified tiles from
  China. This resulted in increase in raw material
  cost as of net sales increased from 54.7 to
  62.6
• PAT up 49 from Rs 89.9mn to Rs 134.1mn resulting
  in increase in Net Profit Margin from 9.26 to
  9.52

4
Driven by growth across product categories
Vitrified
Mosaic
35.9
10.3
Figures in Rs Mn
Ceramic
Marble
24.7
83.5
5
With a diversified product mix
Product mix
Q2 FY07
Q2 FY08
Derisked business model through focus on all
major categories of flooring
6
Significant new initiatives to drive future growth

• Increasing capacity to capture growth in the
  market
• Increasing capacity of ceramic tile plant at
  Alibaug by 10000 sq. mtr. per day, which would be
  effective from April,
• 2008.
• The Company has received marble license of
  15,895 tons, which accounts for 11 of the total
  licenses issued. It is
• setting up state of the art plant for
  processing imported marble at Silvassa, which
  will go on stream in the second
• quarter 2008-09.

• Expanding retail reach and new product launches
  to consolidate market position
• Implementing its plan to create unique display
  spaces Le studio Nitco to showcase the
  products. Already launched 8
• stores in Mumbai, Nasik, Ahmedabad, Cochin,
  Coimbatore, Kolkata and Goa.
• The company has launched six new products both in
  ceramic and vitrified tiles.
• Real Estate Venture taking off
• The real estate activities of the group have been
  consolidated into a 100 subsidiary - Nitco
  Realties Pvt. Ltd post the
• approval by the Hon High Court. It is now in the
  process of implementing 8 residential/commercial
  projects in Mumbai
• and Alibaug with the first residential project at
  Worli, Mumbai now in the initial stages of
  construction.

• Other highlights

• Board of directors have declared 20 dividend
  for FY ended March 07 subject to the approval of
  shareholders at the Annual General Body Meeting.

7
Financial Statements Income Statement
In Rs Mn
Notes 1. Power Fuel figures are after netting
of power generated through wind mill of Rs
18.93mn and Rs.36.70mn for the quarter ended
September 30,2007 and six months ended September
30. 2007 respectively. Corresponding quarter in
Previous Year - Rs.21.43mn, for the half year
ended - Rs.37.03mn for the year ended March
31,2007 - Rs.44.21mn) 2. Interest Other
Financial charges are net of Forex gains of
Rs.6.82mn and Rs.38.91mn for the quarter ended
September 30,2007 and six months ended September
30. 2007 respectively. (Corresponding quarter in
Previous Year - Forex Gain Rs.2.39mn, for the
half year ended - Forex Loss Rs.10.94mn for the
year ended March 31,2007 - Forex Gain
Rs.27.97mn) 3. Out of the issue proceeds of Rs.
1680mn, the Company has utilised Rs. 1550.8mn
towards Objects of the issue and pending
utilisation, balance funds as at September 30,
2007 have been invested in term/fixed deposits
with Banks.
8
Financial Statements Ratio Analysis
9
About Nitco Tiles Ltd Nitco Tiles Ltd. (Nitco)
is a complete flooring solution provider. The
company product category includes ceramic floor
tiles, vitrified tiles, paving tiles, mosaic
tiles and imported marble. It caters to both
institutional and retail clients through its
large scale network of 550 direct dealers and
over 5,000 retail outlets spread over India. The
key institutional clients include Hiranandanis,
Rahejas, Pantaloon Retail, Godrej Properties,
Oberoi Construction, Keystone, Piramals, Nirmal
Lifestyle, Shrusti, Runwal, RNA, several large
corporates, banks and financial institutions
etc.. For further information please visit
www.nitcotiles.com Forward Looking
Statement Certain statements in this document
with words or phrases such as will, should,
etc., and similar expressions or variation of
these expressions or those concerning our future
prospects are forward looking statements. Actual
results may differ materially from those
suggested by the forward looking statements due
to a number of risks or uncertainties associated
with the expectations. These risks and
uncertainties include, but are not limited to,
our ability to successfully implement our
strategy and changes in government policies. The
company may, from time to time, make additional
written and oral forward looking statements,
including statements contained in the companys
filings with the stock exchanges and our reports
to shareholders. The company does not undertake
to update any forward-looking statements that may
be made from time to time by or on behalf of the
company.
10
Contact Us
For any Investor Relations queries please
contact
Jogendra Sethi Nitco Tiles Ltd Email
JogendraSethi_at_nitcotiles.com Tel. No.
91-22-66164555