TCNS Clothing — Q1 FY23 Earnings Presentation
26 slides from TCNS Clothing's earnings presentation, Aug 12, 2022
Slide 1: Exchange filing cover letter for investor presentation
Date: 12.08.2022 Corporate Relations Department Corporate Listing Department BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring Exchange Plaza, 5th Floor Rotunda Building, P J Tower Plot No. C-1, G Block Dalal Street, Fort, Mumbai 400 001. Bandra-Kurla Complex Bandra (East)
Slide 2: TCNS Clothing Co. Ltd Q1 FY23 Results
TCNS Clothing Co. Ltd Q1 FY23 Results August, 2022
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by TCNS Clothing Co. Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Contents
Contents TCNS Overview Business Update Q1 FY23 Detailed Financials
Slide 5: TCNS Overview
TCNS Overview
Slide 6: TCNS - India's Leading Women's Branded Apparel Company
TCNS - India’s Leading Women’s Branded Apparel Company Largest womenswear Portfolio of segment High ROIC, asset-light distribution network with Diversified supply chain 50+ in-house cutting-edge leading brands straddling business model; ~4100 outlets and market network with 250+ supply design team d
Slide 7: TCNS houses distinct brands in women's outerwear segment
TCNS houses distinct brands in women’s outerwear segment, each with a focused positioning to offer a comprehensive portfolio for Indian women consumer Premium fusion wear Premium occasion wear Contemporary ethnicwear The ultimate coordinates destination 6
Slide 8: TCNS has widest womenswear reach with 4100+ points of sales
TCNS has widest womenswear reach with 4100+ points of sales, with strong owned omnichannel network and deep partnerships across all key offline and online retailers Own Omnichannel Network LFS Partners – ~2400 doors • 616 EBO Stores across India and International markets Key Online Partners • Own br
Slide 9: 50+ in-house design team and 250+ suppliers pan-India
With 50+ in-house design team and 250+ suppliers pan-India, TCNS has a scalable, well- connected & diversified Design-to-Production network In-house design team focused on driving 50+ innovation and creating fashion trends Partners/ suppliers ranging from artisanal 250+ groups to large mills, enabli
Slide 10: Business Update
Business Update
Slide 11: Sales recovery: Matched highest ever Q1 sales
Sales recovery: Matched highest ever Q1 sales despite slower category recovery; Year on year sales grew to ~3X over Q1 FY22 Revenue from Operations – Rs Crs. Q1 Highlights YoY Growth QoQ Growth • Offline: gradual recovery with 300 300 spikes around regional festivals 276 276 1.2X ➢ Opened 17 stores
Slide 12: Emerging Market Outlook: Improving demand scenario
Emerging Market Outlook: Improving demand scenario combined with early launch of most comprehensive product range Pent up demand - Offices reopening; External trends Onset of festivities sans Demand scenario restrictions All partners improving Segmental demonstrating recovery visible confidence with
Slide 13: Recap FY23 focus: accelerating growth along multiple dimensions
Recap FY23 focus: accelerating growth along multiple dimensions Focus areas FY23 Target New Brand / Categories 100+ crore ARR Scale each foray across channels and expand product assortment for new forays Third-party Marketplaces Leveraging strategic marketing, scaling the omni-channel fulfilment mod
Slide 14: Key results: a number of wins against the Key Focus Areas in FY23
Key results: a number of wins against the Key Focus Areas in FY23 ➢ Scaling-up on track across initiatives New Brand / Categories ➢ Expanded range launches in the Monsoon-Festive season ➢ D2C contributed majority of online sales Third-party Marketplaces ➢ Omni-channel fulfilment share expanded to do
Slide 15: Project RISE Stores launched with new retail identity of W
Project RISE Stores launched with new retail identity of W Linking Road, Mumbai 14
Slide 16: Himayath Nagar, Hyderabad
Himayath Nagar, Hyderabad 15
Slide 17: Phoenix Mall, Bengaluru
Phoenix Mall, Bengaluru 2 < = 4
Slide 18: Lulu Mall, Trivandrum
Lulu Mall, Trivandrum 17
Slide 19: Oberoi Mall, Mumbai
Oberoi Mall, Mumbai OY RE 2 rcia OE TCNS Clothing Co. Limited
Slide 20: Seawoods, Mumbai
Seawoods, Mumbai aurela OLE TCNS Clothing Co. Limited
Slide 21: Q1 FY23: Reported Ind-AS-116
Q1 FY 23 : Reported Ind-AS-116 Particulars (Rs Million) Q1FY23 Q1FY22 Growth -YoY% Revenue 2764 938 195% EBITDA 379 -204 NA PBT 26 -490 NA PAT 24 -361 NA % to Revenue Q1FY23 Q1FY22 EBITDA 13.7% -21.8% PBT 0.9% -52.3% PAT 0.9% -38.4% 20
Slide 22: Q1 FY23: Brand-wise performance
Q1 FY 23 : Brand-wise performance Share of Brands (%) 6% W Aurelia Q1FY23 40% 54% Wishful 3% W 40% Q1FY22 Aurelia 57% Wishful 21
Slide 23: Q1 FY23: Channel-wise performance
Q1 FY 23 : Channel-wise performance Channel Wise Revenue Split Pan India Multichannel Presence Q1FY23 Q1FY22 2% ~4000 ~4100 12% 30% 616 599 42% 38% 44% 20% 2422 2298 LFS EBO's Online & Others MBO # of EBOs As of Jun’22 Net Q1 Openings W 344 12 Aurelia 245 0 1098 1098 Wishful 6 1 Elleven 21 4 Mar'22
Slide 24: Detailed Financials
Detailed Financials
Slide 25: Profit & Loss Statement
Profit & Loss Statement S.No. Particulars (In Rs. Million) Q1FY23 Q1FY22 YoY Q4FY22 QoQ 1. Income (a) Revenue from operations 2764 938 195% 2344 18% (b) Other income 66 30 123% 122 -46% Total income 2830 968 192% 2466 15% 2. Expenses (a) Cost of materials consumed 1646 644 156% 1240 33% (b) Purchase
Slide 26: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L99999DL1997PLC090978 CIN: U74140MH2010PTC204285 Mr. Amit Chand Mr. Rahul Agarwal / Mr. Aakash Mehta [email protected] / [email protected] +91 98214 38864 / +91 98706 79263 www.tcnsclothing.com www.sgapl.ne