Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q4 FY2014 Earnings Presentation
18 slides from Relaxo Footwears's earnings presentation, May 10, 2014
Slide 1: Relaxo Footwears Limited Q4 and Full Year FY2014 Earnings Presentation
Relaxo Footwears Limited Q4 and Full Year FY2014 Earnings Presentation May 10, 2014 1 www.relaxofootwear.com
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Relaxo Footwears’ (Relaxo) future business developments a
Slide 3: Table of Contents
Table of Contents 1. Relaxo: At a Glance 4 2. Financial Performance 5 3. Quarterly Financial Performance 8 4. Operational Metrics 9 5. Market Data 10 6. Yearly Financial Highlights 11 7. Leverage Profile 12 8. Industry Dynamics 13 9. Statutory Financials 14 3
Slide 4: Relaxo: At a Glance
Relaxo: At a Glance Company Background Key Brands o Established in 1984, Relaxo is the largest footwear manufacturing Company in India o The Company’s products include Rubber / Eva slippers, canvas shoes, sport shoes, sandals, school shoes and other types of footwear o It has a portfolio of 10 brand
Slide 5: Financial Performance
Financial Performance Highlights – FY2014 vs. FY2013 Net Sales increased by 20.0% to Rs. 120,583 lacs EBITDA increased by 34.7% to Rs. 14,936 lacs; EBITDA margins increased by 135 bps to 12.4% Net Profit increased by 46.5% to Rs. 6,564 lacs; Net Profit margins increased by 98 bps to 5.4% Tot
Slide 6: Financial Performance: Key Financial Statistics
Financial Performance Key Financial Statistics Rs. Lacs Q4 y-o-y Q3 q-o-q Year Ended y-o-y Growth Growth Growth Particluars FY2014 FY2013 FY2014 FY2014 FY2013 (%) (%) (%) Net Revenue from 37,088 29,141 27.3% 25,923 43.1% 120,583 100,498 20.0% Operations1 EBITDA 4,480 3,388 32.2% 2,950 51.9% 14,936 1
Slide 7: Performance Discussion: Q4 FY2014 vs. Q4 FY2013
Financial Performance Performance Discussion: Q4 FY2014 vs. Q4 FY2013 o Net Revenue: Net Revenue during the quarter increased by 27.3%. This growth was driven by the strong performance of key brands Relaxo, Flite, Sparx including PU Fashion. Overall sales volume increased by 12.2%. Further, retail d
Slide 8: Quarterly Financial Performance
Quarterly Financial Performance Revenue from Operations (Rs. Lacs) Revenue Growth (%) 37,088 43.1% 29,141 31,236 25.8% 26,336 25,923 30.7% 16.2% 8.7% 20.6% 27.3% 7.2% (1.6)% (15.7)% Q4 FY2013 Q1 FY2014 Q2 FY2014 Q3 FY2014 Q4 FY2014 Q4 FY2013 Q1 FY2014 Q2 FY2014 Q3 FY2014 Q4 FY2014 Y-o-Y Growth (%) Q
Slide 9: Operational Metrics
Operational Metrics FY2014 Revenue by Distribution Network Sales Volumes – No. of Pairs (in Lacs) Retail Exports Power 7.5% 2.6% 0.3% 1,079 1,002 925 843 866 Wholesale FY2010 FY2011 FY2012 FY2013 FY2014 89.6% Comments • FY2014 sales volume increased by 7.7% to 1,079 lacs pairs • The increase in sale
Slide 10: Market Data
Market Data Shareholding Pattern (31st March 2014) Market Data Retail Market Cap. (Rs. million) (9-May-14) 20,427.8 Corporate 7.0% Bodies 16.1% Outstanding Shares (million) 60.0 DII Book Value /Share (Rs.) (31-Mar-14) 46.10 0.1% Bloomberg Ticker RLXF:IN FII 1.8% Reuters Ticker RLXO.BO BSE Ticker 530
Slide 11: Yearly Financial Highlights
Yearly Financial Highlights Revenue (Rs. Lacs) and Growth (%) EBITDA (Rs. Lacs) and Margin (%) 14,936 120,583 100,498 11,089 85,973 9,526 68,601 8,030 7,241 55,370 35.9% 14.5% 11.1% 11.0% 12.4% 23.9% 25.3% 10.6% 16.9% 20.0% FY2010 FY2011 FY2012 FY2013 FY2014 FY2010 FY2011 FY2012 FY2013 FY2014 Revenu
Slide 12: Leverage Profile
Leverage Profile Agency Instrument Rating Comment FY2014 FY2013 Particulars (Rs. Lacs) (Rs. Lacs) ICRA / Short-Term A1 Indicates highest credit Short Term Borrowings* 8,404 7,514 CARE Funds quality rating to short term debt instruments. Instruments Long Term Borrowings 11,431 15,024 rated in this ca
Slide 13: Industry Dynamics
Industry Dynamics Indian Footwear Industry o India is the second largest producer of footwear in the world after China with 16 billion pairs per annum, accounting for 13% of the global footwear production Nearly 95% of the total footwear production in India is sold domestically India’s footwear
Slide 14: Statutory Financials
Audited Results for the quarter and the year ended 31st March 2014 (All amounts are in Lacs of Indian Rupees, unless otherwise stated) Statutory Financials Quarter Ended Year Ended Particulars 31.03.2014 31.12.2013 31.03.2013 31.03.2014 31.03.2013 Part I- Statement of Financial Results Audited Unaud
Slide 15: Statutory Financials
Audited Results for the quarter and the year ended 31st March 2014 (All amounts are in Lacs of Indian Rupees, unless otherwise stated) Statutory Financials Part II-Select Information for the Quarter and Year Ended 31st, March 2014 A Particulars of Shareholding 1 Public Shareholding Number of shares
Slide 16: Statutory Financials
Audited Results for the quarter and the year ended 31st March 2014 (All amounts are in Lacs of Indian Rupees, unless otherwise stated) Statutory Particulars Financials As at As at 31.03.2014 31.03.2013 (A) Equity and Liabilities 1 Shareholders' Funds Share Capital 600.06 600.06 Reserves and Surplus
Slide 17: Statutory Financials: Notes
Audited Results for the quarter and the year ended 31st March 2014 (All amounts are in Lacs of Indian Rupees, unless otherwise stated) Statutory Financials Notes 1. The above results were reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on 10th M
Slide 18: Relaxo Footwears Limited contact details
Relaxo Footwears Limited Sushil Batra [email protected] CFO - Relaxo Footwears (CIN: L74899DL1984PLC019097) Aggarwal City Square, Plot No. 10, Mangalam Palace, District Centre, Sector -3, Kapil Garg [email protected] Company Secretary - Relaxo Footwears +91 11 4680 0500 Rohin