Gokaldas Exports Limited · NSE:GOKEX
Gokaldas Exports — Q2 FY24 Earnings Presentation
24 slides from Gokaldas Exports's earnings presentation, October 2023
Slide 1: Future Ready Q2 FY24 Investor Presentation
GOKALDAS EXPORTS LIMITED Future Ready Q2 FY24 INVESTOR P R E S E N TAT I O N
Slide 2: Disclaimer
Disclaimer This investor presentation has been prepared by Gokaldas Exports Limited and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not b
Slide 3: Table of Contents
Table of Contents 04-10 Financial Highlights 11-14 Industry Trends 15-18 Performance Track Record 19-23 About the Company 03 _Gokaldas Exports Limited
Slide 4: Q2 & H1 FY24 Highlights
05 Management Commentary 06 Quarterly Highlights 07 Half-Year Highlights 08 Analysis of Financial Position 09 Cashflow Analysis 10 Investment Tracker 01/ Q2 & H1 FY24 Highlights
Slide 5: Management Commentary
Management Commentary During the second quarter, our performance remained subdued which was in line with the market condition. US apparel import has been trending 23% lower in CY2023. During the quarter, India’s exports also fell by 12.5% which was majorly due to lean demand from international retai
Slide 6: Quarterly Highlights
Quarterly Highlights REVENUE ₹509 Cr. The revenue has been in line with current market conditions. Summary of Consolidated Profit & Loss Statement India’s exports during the quarter fell by about 12.5% YoY. ₹ in Crores -11.7% Y-o-Y -2.5% Q-o-Q KEY PERFORMANCE METRICS Q2FY24 Q1FY24 Q2FY23 YOY QOQ Tot
Slide 7: H1 FY24 Highlights
H1 FY24 Highlights REVENUE ₹1031 Cr. The revenue trended as per the prevailing market conditions Summary of Consolidated Profit & Loss Statement India’s exports during the H1 FY24 fell by about 15.4% YoY. ₹ in Crores -13.3% Y-o-Y KEY PERFORMANCE METRICS H1 FY24 H1 FY23 YOY Total Income 1,031.2 1,189
Slide 8: Financial Year Highlights: Analysis of Financial Position
Financial Year Highlights Analysis of Financial Position ₹ in Crores KEY PERFORMANCE METRICS 30th Sep 2023 31st Mar 2023 Changes (+/-) NET CURRENT ASSETS NON-CURRENT ASSET The net current assets were reduced by ₹148 Cr. majorly due to Investment in Fixed Assets 338.9 275.1 63.8 a reduction in invent
Slide 9: Financial Year Highlights: Cash Flow Analysis
Financial Year Highlights Cash Flow Analysis ₹ in Crores KEY PERFORMANCE METRICS H1 FY24 H1 FY23 CASH FLOW FROM OPERATING ACTIVITIES Profit before exceptional items and tax 72.5 105.9 Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortisation expenses 39.8 34.1 Gain
Slide 10: Continue to Invest in Machinery for Expansion and Upgradation
Continue to Invest in Machinery for Expansion and Upgradation Capital Expenditure (In ₹ Crore) Y EAR M O DERNIZ AT IO N NEW CAP A CIT Y T O T AL AND UPG R ADE S AND NEW PRO JECT S FY22 28 56 84 FY23 38 97 135 H1 FY24 27 43 70 H2 FY24 planned 15 60 75 Total 108 256 364 The company intends to exercise
Slide 11: Global Apparel Industry Trends
12 US Retail Apparel Sales 13 Apparel Imports & Exports Trend 14 Industry Challenges & Prospects 02/ Global Apparel Industry Trends
Slide 12: US Retail Sales Continue to Hold Gains
US Retail Sales Continue to Hold Gains US Clothing Retail Store Sales US E-com Clothing Sales Price v/s Volume Contribution (IN US$ BN) (IN US$ BN) (IN %) 8% 14% 4%* 7% -3%^ 46% 43% 74 217 69 201 60 24 66 157 23 138 62 21 41% 55# 17 32 49 51 53 16 14 7% 38 55 17 16 4% 51 54 14 16 2% 18 5% 1% 3% 2% 3
Slide 13: US & EU Apparel Imports Down Sharply
US & EU Apparel Imports Down Sharply US Apparel Imports EU-27 Apparel Imports India Apparel Exports (IN US$ BN) (IN EUR BN) (IN US$ BN) 27% 25% 37% -23%* 6% 30% -13%^ 1% -16%^^ 101 100 16.0 16.2 81 23 24 69 72 12.3 4.3 64 4.9 23 57 29 54 17 20 17 30 4.1 3.7 16& 3.8 6.9 23 15# 21 20 19 3.4 25 23 19 3
Slide 14: Industry to Balance Near-term Obstacles with Long-term Prospects
Industry to Balance Near-term Obstacles with Long-term Prospects Long Term Opportunity Near-term Challenges and Opportunities • US, EU, and China to drive apparel consumption in the coming decade. • Pressure on personal incomes, and higher • China is expected to become the largest apparel consumer b
Slide 15: Performance Track Record
16 Summary of Profit and Loss Statement 17 Analysis of Financial Position 18 Ratio Analysis 03/ Performance Track Record
Slide 16: Financial Highlights: Five Years P&L
Financial Highlights Summary of Five Years Consolidated Profit & Loss Statement ₹ in Crores, unless specified KEY PERFORM ANCE METRICS FY19 FY20 FY21 FY22 FY23 YOY Total Income 1,196.2 1,387.2 1,222.9 1,801.0 2,247.2 24.8% Revenue from operations 1,177.5 1,370.9 1,210.7 1,790.3 2,222.2 24.1% Other I
Slide 17: Financial Highlights: Five Year Financial Position
Financial Highlights Analysis of Five Year Financial Position ₹ in Crores K E Y P E R F O R M AN C E M E T R I C S FY19 FY20 FY21 FY22 FY23 YOY NON-CURRENT ASSETS Investment in Fixed Assets 108.8 130.1 127.2 169.1 275.1 106.0 Other non-current assets 40.6 49.7 45.8 68.5 74.6 6.1 Total non-current as
Slide 18: KPIs and Ratios
KPIs and Ratios REVENUE EBITDA EBITDA Margin (₹ CRORES) (₹ CRORES) (IN %) H1FY24 1031 H1FY24 124 H1FY24 12.0% FY23 2247 FY23 296 FY23 13.2% FY22 1801 FY22 216 FY22 12.0% FY21 1223 FY21 114 FY21 9.3% FY20 1387 FY20 102 FY20 7.4% FY19 1196 FY19 84 FY19 7.0% Cash and Cash Eq. Net Debt / Equity Return o
Slide 19: About the Company
20 About Gokaldas Exports Limited 21 Manufacturing Prowess 22 Integrated Value Chain 23 Investment Merits 04/ About the Company
Slide 20: Gokaldas Exports at a Glance
Gokaldas Exports at a Glance A leading apparel manufacturer since 1979, designing, manufacturing, and exporting a diverse range of apparel products for all seasons. The Company exports to a number of the world's most prestigious fashion brands and retailers in more than 50 countries. 4+ decades Full
Slide 21: Strong In-house Capabilities
Strong In-house Capabilities Gokaldas Exports’ strength lies in its robust in-house capabilities, Robust product development In-house testing lab accredited which encompass its skilled and sampling set-up by our leading customers labour and its manufacturing facilities, that are equipped with state-
Slide 22: Integrated Value Chain
Integrated Value Chain Finishing Design and Logistics Over the years, we have enhanced our capabilities to include a vast Development Washing array of processes within our manufacturing set-up. Our strong presence across the value chain, enables us to become the preferred Cutting Laser Treatment par
Slide 23: Investment Merits
Investment Merits Well diversified across Globally recognized vendor Professional management Benefiting from China +1 Incremental Capacities to geographies, products and of complex value-added and other industry tailwinds accelerate growth clients garments momentum Sustainability focused Fully integ
Slide 24: Thank You
GOKALDAS EXPORTS LIMITED Thank You Contact Us GOKALDAS EXPORTS LIMITED #25, 2nd Cross, 3rd Main, Industrial Suburb, Yeshwanthpur, Bangalore – 560 022, Karnataka, INDIA Tel: +91 – 80 – 6895 1000 Facsimile: +91 – 80 – 6895 1001 INVESTOR RELATIONS DIWAKAR PINGLE [email protected] BINAY SARDA Bin