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Roofing Market – India August 2013


Executive Summary Market

 India has been witnessing a tremendous increase in roofing demand owing to rapid growth in the construction industry along with growing  Roofing market in India is expected to reach x1 mn sq m in 20--, growing at a CAGR of r % from x2 mn sq m in 20--

Challenges

Drivers

Drivers & Challenges

 Growth in Construction Industry  Industrial Growth  Growing PEB Market  Growing Population and Rise in Disposable Income  Huge Rural Consumer Base

Technology Trends

 Zinc-Aluminium (Zn-Al) Coated Sheets  Concealed-fixed System  Green Roofing Solutions

 Rise in Raw Material Price  Presence of Unorganized Players  Shortage of Skilled Manpower  Seasonality  Ban on Asbestos  Cartelization in Asbestos Roofing Segment

Major Players

Competitive Landscape

Company A

Company B

Company C

Company D

Company E

Company F

Company G

Company H

Company I

ROOFING MARKET IN INDIA 2013.PPT

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• Economic Indicators • Introduction • Roofing Market Overview • Housing Sector Overview • Asbestos Industry Overview • Drivers & Challenges • Sector-wise Opportunity • Market Trends • Competitive Landscape • Strategic Recommendations • Appendix ROOFING MARKET IN INDIA 2013.PPT

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Roofing refers to the elements which cover, protect and insulate the... Types of Roofing – India (1/2) Types

Description

Type 1

• Description 1

Type 2

• Description 2

Type 3

• Description 3

Type 4

• Description 4

ROOFING MARKET IN INDIA 2013.PPT

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Roofing market is witnessing healthy growth on the backdrop of consistent development in infrastructure… Roofing Market (1/2) Roofing Market Overview (1/2)

• Point 1

Roofing Market Size & Growth mn sq m

 Point 2

 Point 3

• Point 4  Point 4

• Point 5

• Point 6

a6

+y% a1

a2

a3

20--

20-- e

20-- e

a5

a4

20-- e

20-- e

20-- e

Roofing Market Segmentation Asbestos

x1%

Metal

x2%

Concrete Cement

x3%

Asphalt

x4%

Clay Tiles

x5%

Plastic

Less than x6%

Others

x7%

ROOFING MARKET IN INDIA 2013.PPT

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Metal roofing market has been growing with the rising demand for durable and aesthetic products Metal Roofing Market Metal Roofing Market Overview

Metal Roofing Market Size & Growth mn MT

• Point 1  Point 2

• Point 3

b1

b2

b3

20--

20--e

20--e

Advantages • Advantage 1 • Advantage 2 • Advantage 3 • Advantage 4 • Advantage 5 • Advantage 6 • Advantage 7 • Advantage 8

b6

+z% b4

20--e

b5

20--e

20--e

Disadvantages

SAMPLE

• Disadvantage 1 • Disadvantage 2 • Disadvantage 3 • Disadvantage 4 • Disadvantage 5

Steel roofing accounts for ~x% of the overall metal roofing market, with production exceeding v mn MT (metric tonnes) in 20-ROOFING MARKET IN INDIA 2013.PPT

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Growing popularity of concrete, metal and asbestos roofing have taken a toll on the roofing tiles market Roofing Tiles Market (1/3) Roofing Tiles Market Overview

Roof Tiles Market Size & Growth

• Point 1

mn units c1

-f% c2

c3

c4

c5

c6

20--e

20--e

20--e

20--e

20--e

 Point 2  Point 3

• Point 4

20--

Roof Tiles Market Segmentation y2%

x2%

x1%

SAMPLE Rural

Organized

Urban

Unorganized

ROOFING MARKET IN INDIA 2013.PPT

y1%

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Hand made tiles dominate the rural market while machine made tiles dominate the urban market Roofing Tiles Market (2/3) Man Made Made Tiles – Major Hubs

Map Representation

Machine Made Tiles – Major Hubs

State 1

Map Representation

State 3 State 4

State 2

State 5

SAMPLE

Rural Tile Market Segmentation

x2%

Urban Tile Market Segmentation

Hand Made Tiles x1%

Machine Made Tiles

ROOFING MARKET IN INDIA 2013.PPT

y1%

y2%

8


Asbestos cement roofing installed capacity is expected to witness steady growth over the next five years Asbestos Cement Roofing Market (2/2) Asbestos Cement Roofing Advantages

• Point 1

SAMPLE

 Point 2  Point 3

• Point 4

Asbestos Cement Roofing Installed Production Capacity Forecast mn MT

+t% x1

x2

x3

20--

20--

20--e

x4

x5

x6

20--e

20--e

20--e

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There are x mn houses in India, signifying the vast roofing opportunity in the country Total Number of Households : y mn

SAMPLE

Total Houses Segment-wise (20--) mn

x y3% y2% y

y1% z

Occupied

Vacant

Residential Residential-cum-other uses

ROOFING MARKET IN INDIA 2013.PPT

Non-residential

10


Although rural regions account for a higher number of houses in India, the roofing solutions‌ Number of Rural Households : x mn

SAMPLE

Rural Houses Segment-wise (20--) mn x y3% y2% y

y1% z

Occupied

Vacant

Residential Residential-cum-other uses

ROOFING MARKET IN INDIA 2013.PPT

Non-residential

11


Number of households with thatched roof have witnessed a steady decline in India over the last three decades Growth of Households by Material of Roof (1/2) Grass/ Thatch/Bamboo/Wood/ Mud, etc.

SAMPLE

-z%

mn households a1

a2

19--

20--

a3

20--

Tile - Hand made tiles, Machine made tiles +y%

mn households b1

b2

b3

x1% x2%

19--

20--

Hand made Tiles Machine made tiles

20--

ROOFING MARKET IN INDIA 2013.PPT

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Distribution of households by predominant material of roof – India India – Roofing Scenario (20--) Total No. of Households

x1

Type 1

x2

Type 2

Total

x3

Type 2A

x4

Type 2B

x5

Type 3

x6

Type 4

x7

Other Roofing Material

Total

x8

Type 5

x9

Type 6

x10

Type 7

x11

Any other material

x12

Share of Roofing Material

z1%

z5%

z2% z4%

z3%

SAMPLE

Type 1 and Type 2 is the dominant roofing material in India followed by Type 3

ROOFING MARKET IN INDIA 2013.PPT

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Distribution of households by predominant material of roof – State 1 State 1 – Roofing Scenario (20--) Total No. of Households

x1

Type 1

x2

Type 2

Total

x3

Type 2A

x4

Type 2B

x5

Type 3

z4% z5%

x6

Type 4

Other Roofing Material

Share of Roofing Material

z1%

x7 Total

x8

Type 5

x9

Type 6

x10

Type 7

x11

Any other material

x12

z3%

z2%

SAMPLE

Type 1 is the dominant roofing material in State 1, followed by Type 2

ROOFING MARKET IN INDIA 2013.PPT

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As of 20--, Grass/Thatch/Bamboo/Wood/Mud Roof accounted for x% share of total households in India Grass/Thatch/Bamboo/Wood/Mud Roof Adoption (20--) No. of Households Using Grass/ Thatch/Bamboo/Wood/Mud Roof States

No. of Households

No. of Households

States

States

No. of Households

Uttar Pradesh

-

Jharkhand

-

Himachal Pradesh

-

Bihar

-

Jammu & Kashmir

-

Puducherry

-

Odisha

-

Chhattisgarh

-

NCT of Delhi

-

Andhra Pradesh

-

Punjab

-

Mizoram

-

Tamil Nadu

-

Kerala

-

Sikkim

-

West Bengal

-

Gujarat

-

Chandigarh

-

Rajasthan

-

Arunachal Pradesh

-

Andaman and Nicobar Islands

-

Karnataka

Tripura

Goa

Maharashtra

-

Manipur

-

Dadra & Nagar Haveli

-

Madhya Pradesh

-

Uttarakhand

-

Lakshadweep

-

Assam

-

Meghalaya

-

Daman & Diu

-

Haryana

-

Nagaland

-

Top x states in India in terms of Grass/ Thatch/Bamboo/Wood/ Mud roof adoption in 20--

ROOFING MARKET IN INDIA 2013.PPT

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Russia is the world’s largest asbestos producing country, followed by China and Brazil

SAMPLE World Reserves of Asbestos (20--)

World Total Asbestos Reserves Country 1

Large

Asbestos Mine Production & Reserves mn tons

-z% x x1 x2

Country 2 Country 3

x3

y y1 y2 y3

x4

y4

x5

y5

x6

y6

x7

y7

20--

20--

Country 4 Country 5 Country 6 Other countries ROOFING MARKET IN INDIA 2013.PPT

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Two primary producer of asbestos belongs to State 1

SAMPLE

Principal Producers of Asbestos (20--)

Location of Mine

Company

Address

Company A

Address 1

State 1

District 1

Company B

Address 2

State 1

District 1

State

District

Production of Asbestos – State-wise 20--

20--

20--

State

Volume (tonnes)

Value (INR mn)

Volume (tonnes)

Value (INR mn)

Volume (tonnes)

Value (INR mn)

India

x1

x2

y1

y2

z1

z2

State 1

-

-

-

-

-

-

State 2

-

-

-

-

-

-

ROOFING MARKET IN INDIA 2013.PPT

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Drivers & Challenges – Summary Challenges Rise in Raw Material Price Presence of Unorganized Players

Drivers Growth in Construction Industry

Shortage of Skilled Manpower Seasonality

Industrial Growth

Ban on Asbestos

Growing PEB Market

Cartelization in Asbestos Roofing Segment

Growing Population and Rise in Disposable Income Huge Rural Consumer Base

ROOFING MARKET IN INDIA 2013.PPT

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Rapidly growing construction industry is a strong driver for the roofing market in India Growth in Construction Industry

Impact

• Point 1  Point 2  Point 3

• Point 4 • Point 5  Point 6

Construction Industry – Growth Rate x1%

x2%

Construction Industry – Segmentation Infrastructure

y1%

Industrial Construction Residential & Commercial Construction y3%

20--

y2%

20-ROOFING MARKET IN INDIA 2013.PPT

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RCC and metal roofs form a dominant roofing option for the real estate sector Real Estate (1/2) Real Estate Overview

Real Estate Market Size & Growth INR tn

a6

+z%

• Point 1

a5 a1

a2

a3

20--

20--

20--

a4

 Point 2 20--

20--e

20--e

• Point 3

FDI in Construction Sector  Point 4

-y%

INR bn

b2

 Point 5 b1

b3

• Point 6 20--

ROOFING MARKET IN INDIA 2013.PPT

20--

20-20


Trends – Summary Zinc-Aluminium (Zn-Al) Coated Sheets

Key Trends

Green Roofing Solutions

Concealed-fixed System

SAMPLE ROOFING MARKET IN INDIA 2013.PPT

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Zn-Al coated sheets and concealed-fixed systems are gradually becoming popular in the roofing industry Zinc-Aluminum (Zn-Al) Coated Sheets • Point 1  Point 2

xx

• Point 3 • Point 4

Feature 1

Feature 2

Feature 3

Feature 4

Concealed-fixed System • Point 1

The Present

The Future

Present Scenario

Future Scenario

ROOFING MARKET IN INDIA 2013.PPT

yy

22


Competitive Benchmarking (1/5) Public Trading Comparables (FY 2013) Company A

Company B

Company C

Company D

Market Capitalization (INR mn)

-

-

-

-

Share Price (INR)

-

-

-

-

EV/EBITDA (x)

-

-

-

-

EV/Revenue (x)

-

-

-

-

PE Ratio

-

-

-

-

ROOFING MARKET IN INDIA 2013.PPT

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Competitive Benchmarking (2/5) Key Ratios of Top 4 Companies – Operational Basis (FY 2013) (1/3) Gross Margin

%

Operating Margin

x2

x1

Net Margin

x3 x4

y1 Company A

• Point 1 • Point 2 • Point 3

z1

y2

Company B

y3

z2

z3

Company C

y4

z4

Company D

SAMPLE ROOFING MARKET IN INDIA 2013.PPT

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Public: Domestic Company – Company A (1/4) Company Information Corporate Address

Address 1

Tel No.

xx-yy-zzzz wwww

Fax No.

xx-yy-zzzz wwww

Website

www.xxx.com

Year of Incorporation

19--

Ticker Symbol

-

Stock Exchange

-

Head Office – India

New Delhi

Head Office

Products and Services Key People

Category

Products/Services

Category 1

Product 1, Product 2, Product 3, Product 4

Category 2

Product 5, Product 6, Product 7, Product 8

Category 3

Product 9, Product 10, Product 11, Product 12

Name

Designation

Person 1

Vice President

Person 2

MD, Executive Director

Person 3

Executive Chairman

Person 4

Senior Vice President of Finance

ROOFING MARKET IN INDIA 2013.PPT

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Public: Domestic Company – Company A (2/4) Financial Snapshot Total Income

INR mn

Key Ratios Net Profit / Loss x3

INR mn

x4

x2 x1 y2

y1 20--

20--

y4

y3

20--

20--

Financial Summary • The company earned a net profit of INR x4 mn in FY 20--, as compared to net profit of INR x3 mn in FY 20-• The company reported total income of INR y4 mn in FY 20--, registering an increase of x per cent over FY 20-• The company earned an operating margin of z1 per cent in FY 20--, an decrease of z2 percentage points over FY 20-• The company reported debt to equity ratio of r1 in FY 20--, an increase of r2 per cent over FY 20--

Financial Summary Indicators Market Capitalization (INR mn) Total Enterprise Value (INR mn) EPS (INR) PE Ratio (Absolute)

Value (--/--/20--) f1 f2 f3 f4

Particulars

y-o-y change (20-----)

20--

20--

20--

20--

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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-

-

-

Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets

Cost Ratios Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)

Liquidity Ratios Current Ratio Cash Ratio

Leverage Ratios Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio

Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover

Improved

ROOFING MARKET IN INDIA 2013.PPT

Decline

26


Public: Domestic Company – Company A (3/4) Key Business Segments Building Products

Key Geographic Segments

Steel Buildings

India

y1%

y2%

y3%

y4%

x1%

x2%

x3%

x4%

20--

20--

20--

20--

z1%

xx

20--

Business Highlights Description

News

Overview

• Company Description

Capacity

• Roofing Capacity

Certifications

• Awards & Certification

ROOFING MARKET IN INDIA 2013.PPT

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Public: Domestic Company – SWOT Analysis – Company A (4/4) • Strength 1

• Weakness 1

• Strength 2

• Weakness 2

• Strength 3

• Weakness 3

• Strength 4

• Weakness 4

S

W

O

T

• Opportunity 1

• Threat 1

• Opportunity 2

• Threat 2

• Opportunity 3 • Opportunity 4

SAMPLE

• Threat 3 • Threat 4

ROOFING MARKET IN INDIA 2013.PPT

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Private: Domestic Company – Company B (1/5) Company Information Corporate Address

Address 1

Tel No.

xx-yy-zzzz wwww

Fax No.

xx-yy-zzzz wwww

Website

www.xxx.com

Year of Incorporation

19--

Ticker Symbol

-

Stock Exchange

-

Head Office – India

New Delhi

Head Office

Products and Services Key People

Category

Products/Services

Category 1

Product 1, Product 2, Product 3, Product 4

Category 2

Product 5, Product 6, Product 7, Product 8

Category 3

Product 9, Product 10, Product 11, Product 12

Name

Designation

Person 1

Vice President

Person 2

MD, Executive Director

Person 3

Executive Chairman

Person 4

Senior Vice President of Finance

ROOFING MARKET IN INDIA 2013.PPT

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Private: Domestic Company – Company B (2/5) Shareholders of the Company as on --/--/20--

Ownership Structure Bodies corporate

Name

No. of Shares held

Shareholder Name 1

-

Shareholder Name 2

-

Shareholder Name 3

-

Shareholder Name 4

-

Shareholder Name 5

-

Shareholder Name 6

-

Shareholder Name 7

-

Shareholder Name 8

-

Others

SAMPLE Directors or relatives of directors Others

Total

z1%

z2%

z3%

y1%

y2%

y3%

x1%

x2%

x3%

20--

20--

20--

-

ROOFING MARKET IN INDIA 2013.PPT

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Private: Domestic Company – Company B (3/5) Financial Snapshot Total Income

Key Ratios Particulars

Net Profit / Loss

INR mn

INR mn

x1

x2 y2

y3 x3

y4 x4

y-o-y change (20-----)

20--

20--

20--

20--

-

-

-

-

-

-

-

-

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Profitability Ratios Operating Margin Net Margin Profit Before Tax Margin Return on Equity Return on Capital Employed Return on Working Capital Return on Assets Return on Fixed Assets

Cost Ratios 20--

20--

20--

Operating costs (% of Sales) Administration costs (% of Sales) Interest costs (% of Sales)

20--

Financial Summary • Company earned a net profit of INRx4 mn in FY 20--, as compared to net profit of INR x3 mn in FY 20--

Liquidity Ratios

• It reported total income of INR y4 mn in FY 20--, registering an increase of x per cent rise from FY 2011

Leverage Ratios

• The company earned an operating margin of z1 per cent in FY 20--, an decrease of z2 percentage points over FY 20-• The company reported debt to equity ratio of r1 in FY 20--, an increase of r2 per cent over FY 20--

Current Ratio Cash Ratio Debt to Equity Ratio Debt to Capital Ratio Interest Coverage Ratio

Efficiency Ratios Fixed Asset Turnover Asset Turnover Current Asset Turnover Working Capital Turnover Capital Employed Turnover

Improved

ROOFING MARKET IN INDIA 2013.PPT

Decline

31


Private: Domestic Company – Company B (4/5) Business Highlights Description

News

Overview

• Company Description

Capacity

• Roofing Capacity

ROOFING MARKET IN INDIA 2013.PPT

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Private: Domestic Company – Company B (5/5)

• Strength 1

• Weakness 1

• Strength 2

• Weakness 2

• Strength 3

• Weakness 3

• Strength 4

• Weakness 4

S

W

O

T

• Opportunity 1

• Threat 1

• Opportunity 2

• Threat 2

• Opportunity 3 • Opportunity 4

SAMPLE

• Threat 3 • Threat 4

ROOFING MARKET IN INDIA 2013.PPT

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Strategic Recommendations Consolidated recommendation

Recommendation 1

• Point 1 • Point 2

Recommendation 2

Recommendation 3

• Point 1 • Point 2

• Point 1 • Point 2

ROOFING MARKET IN INDIA 2013.PPT

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Thank you for the attention Roofing Market – India report is part of Netscribes’ Manufacturing Industry Series. For any queries or customized research requirements, contact us at: Phone: E-Mail:

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Market Research Report : Roofing market in india 2013