Page Industries Limited · NSE:PAGEIND
Page Industries — Q1 FY22 Earnings Presentation
83 slides from Page Industries's earnings presentation, Aug 13, 2021
Slide 1: Cover letter to stock exchanges
August 12, 2021 The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited 1st Floor, New Trading Ring Exchange Plaza Rotunda Building Bandra Kurla Complex Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Dear
Slide 2: Broad-based YoY growth amidst resurgence of the pandemic
For Immediate Release Broad-based YoY growth amidst resurgence of the pandemic Bengaluru, India - 12th August 2021: Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter ended 30th June 2021 today. Financial Highlights for Q1FY22 • Revenue at Rs. 5,01
Slide 3: About Page Industries Limited
About Page Industries Limited Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of
Slide 4: Performance Highlights Q1FY22
PERFORMANCE HIGHLIGHTS Q1FY22 AUGUST 12, 2021
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This Presentation has been prepared by the Company base
Slide 6: Contents: Company Overview
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES COMPANY OVERVIEW • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 3
Slide 7: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 8: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 260 mn pieces 80,250+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 930+ Exclusive Business Outle
Slide 9: Our Journey
OUR JOURNEY 2017 2006 Jockey Socks launched 2015 • First Jockey EBO in Sri Lanka • Brand Jockey reached • The turnover of the 2011 50,000 outlets in India Company crossed 2004 • Launch of first INR 1b in terms of International factory selling price • Licensing agreement format EBO in 1995 • Producti
Slide 10: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 11: Contents: Attractive Macro Opportunity
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING ATTRACTIVE MACRO • NEW LAUNCHES OPPORTUNITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 8
Slide 12: Attractive Macro: Multiple Drivers for Growth
ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH Industry Growth Drivers 10% 107 15 - 34 YRS HIGHER INCREASE IN 67 LARGEST 55 DISPOSABLE URBAN CONSUMER INCOME POPULATION 41 GROUP FY 2015 FY 2018 FY 2020E FY 2025P INCREASED HIGH GROWTH INCREASED MIDDLE, Indian Fashion Market (USD Bn) SHIFT INVOLVEMENT I
Slide 13: Attractive Macro: Indian Apparel Market Segments
ATTRACTIVE MACRO: INDIAN APPAREL MARKET SEGMENTS Men’s Apparel Market Men’s innerwear category in FY2020 is estimated to be USD 1.9 bn and is expected to grow at a CAGR 10.3% 8.6% 14.2% 10.3% 13.6% 8.4% CAGR of 10.3 percent to USD 3.1 bn in FY 2025. 45.3 21.6 Men’s casual and activewear category in
Slide 14: Contents: Key Highlights
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES KEY HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 11
Slide 15: Key Highlights
KEY HIGHLIGHTS • Business momentum maintained with adequate precautions in manufacturing units, warehouses and sales outlets • Liquidity continues to remain strong with robust opex, capex and cash flow management • Retail stores of channel partners’ active as of end - June 2021 – 61% of our 80,250+
Slide 16: Contents: Multiple Products Offering
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MULTIPLE PRODUCTS • NEW LAUNCHES OFFERING • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 13
Slide 17: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN UNDERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS TANK TOPS LOUNG
Slide 18: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM H2O ACT ACTIVE SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F L LEISURE S SLIDE S SWIMDRESS T THONG K KNEESUIT L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT
Slide 19: Contents: New Launches
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES NEW LAUNCHES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 16
Slide 20: Jockey - New Launches
JOCKEY - NEW LAUNCHES Style No. UM40 Style No. UL48 TANK TOP LONG LENGTH T-SHIRT Style No. AM06 MUSCLE TEE Style No. RG12 SLEEP SET Style No. CG19 TANK TOP 17
Slide 21: Contents: Unmatched Market Coverage
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING UNMATCHED • NEW LAUNCHES MARKET COVERAGE • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 18
Slide 22: Multi Brand Outlets: Pan India Distribution Network
MULTI BRAND OUTLETS: PAN INDIA DISTRIBUTION NETWORK CHANNEL SALES 4,050+ Distributor Accounts 2,895+ Cities / Towns 80,250+ Retail Network 620+ Channel Sales Strength 19
Slide 23: Exclusive Brand Outlets: First to Offer
EXCLUSIVE BRAND OUTLETS: FIRST TO OFFER 930+ Exclusive Brand Outlets 45 Exclusive Woman Outlets 39 Exclusive Juniors Outlets 190+ Outlets in malls 740+ Outlets in high street Present in 330+ cities 20
Slide 24: Large Format Stores: Enhancing Customer Reach
LARGE FORMAT STORES: ENHANCING CUSTOMER REACH 23 Large Format ~ 2,380 ~ 3,650 partners Stores Point of sale across the country 21
Slide 25: Online & E-Commerce: Riding the Digital Wave
ONLINE & E-COMMERCE: RIDING THE DIGITAL WAVE EXCLUSIVE ONLINE STORE jockey.in | speedo.in SELLING THROUGH ONLINE KEY PARTNERS …and other Partners 22
Slide 26: Contents: Extensive Brand Reach
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING EXTENSIVE • NEW LAUNCHES BRAND REACH • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 23
Slide 27: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH Followers 9,56,357 1,94,621 21,900 24
Slide 28: Contents: Manufacturing Capabilities
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MANUFACTURING • NEW LAUNCHES CAPABILITIES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 25
Slide 29: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 locations in Kar
Slide 30: Contents: Financial Highlights
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING FINANCIAL • NEW LAUNCHES HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 27
Slide 31: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue Revenue Growth % EBITDA EBITDA Margin % PAT PAT Margin % Rs Million Rs Million Rs Million 18.6% 19.8% 11.8% 21.2% 21.6% 13.6% 13.8% 3.3% 19.4% 18.1% 18.6% -3.8% 12.5% 11.7% 12.0% 29,454 28,522 28,330 6,169 25,520 3,939 5,406 5,326 5,266 3,470 3,43
Slide 32: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW/ROCE EPS and DPS Working Capital Days 107 353344 72% 96 311 308 305 89 81 78 239 250 71 70 58% 58% 66 60 57 55% 55% 161 51% 131 97 28 41% 42% 19 21 16 18 19 19 40% 16 12 38% 9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Receivables Inventory Payables Net Work
Slide 33: Profit and Loss Statement: Quarterly
PROFIT AND LOSS STATEMENT: QUARTERLY QoQ YoY Financials (INR mn) Q1FY22 % Q4FY21 % Q1FY21 % growth growth Revenue 5,015 100.0% 8,808 100.0% 2,848 100.0% -43.1% 76.1% COGS 2,120 42.3% 3,733 42.4% 1,478 51.9% -43.2% 43.4% Employee Cost 1,527 30.4% 1,648 18.7% 1,229 43.2% -7.3% 24.3% Other operating co
Slide 34: Gross Margin
GROSS MARGIN Financials (INR mn) Q1FY22 Q1FY21 FY21 Revenue 5,015 2,848 28,330 Material consumed 2,120 1,478 12,639 Sub contract costs # 224 96 1,058 Contribution 2,671 1,274 14,632 Contribution % 53.3% 44.7% 51.7% Other manufacturing costs 1,005 620 3,507 Gross Profit 1,667 654 11,125 Gross Margin
Slide 35: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Strong in-house Wide Range of product development Robust Financials Premium Quality and back end with ROCE of 55% Products capabilities Strong Distribution network with strong License with Jockey Strong Balance Sheet; Strong Brand Equity, presence in MBO, EBO, International
Slide 36: Contents: Sustainability
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES SUSTAINABILITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 33
Slide 37: Sustainability Culture
SUSTAINABILITY CULTURE VISION To be a leading apparel company through balanced growth with a focus on quality, innovation and sustainable design, thereby, creating lasting value for all our stakeholders Commitment to Sustainability Building Capacity - Public disclosure through sustainability report,
Slide 38: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Water and Effluent Page sustainability focus areas cover all aspects Performance of value chain viz., product development, supply chain & logistics, manufacturing, sales & 09 01 marketing and economic performance. Governance, Materials Risk and Compliance 9 focus
Slide 39: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Performance Sustain strong financial performance by tracking economic value Diversity and Equal Opportunity generated and distributed, assess and address the financial To ensure a diverse and inclusive workplace through policies, implications of sustainability ris
Slide 40: Contents: Shareholding Pattern
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING SHAREHOLDING • NEW LAUNCHES PATTERN • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 37
Slide 41: Shareholding Pattern
SHAREHOLDING PATTERN As of 30th june 2021 Insurance Companies and Other DIIs, 4.8% Others, 10.5% Mutual Funds, 13.2% Promoter, 47.9% FPI, 23.7% Market Cap: ~ INR 363 bn (as on 6th August, 2021) 38
Slide 42: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: [email protected] Website: www.jockey.in 39
Slide 43: Broad-based YoY growth amidst resurgence of the pandemic
For Immediate Release Broad-based YoY growth amidst resurgence of the pandemic Bengaluru, India - 12th August 2021: Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter ended 30th June 2021 today. Financial Highlights for Q1FY22 • Revenue at Rs. 5,01
Slide 44: About Page Industries Limited
About Page Industries Limited Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of
Slide 45: Performance Highlights Q1FY22
PERFORMANCE HIGHLIGHTS Q1FY22 AUGUST 12, 2021
Slide 46: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This Presentation has been prepared by the Company base
Slide 47: Contents: Company Overview
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES COMPANY OVERVIEW • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 3
Slide 48: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 49: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 260 mn pieces 80,250+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 930+ Exclusive Business Outle
Slide 50: Our Journey
OUR JOURNEY 2017 2006 Jockey Socks launched 2015 • First Jockey EBO in Sri Lanka • Brand Jockey reached • The turnover of the 2011 50,000 outlets in India Company crossed 2004 • Launch of first INR 1b in terms of International factory selling price • Licensing agreement format EBO in 1995 • Producti
Slide 51: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 52: Contents: Attractive Macro Opportunity
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING ATTRACTIVE MACRO • NEW LAUNCHES OPPORTUNITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 8
Slide 53: Attractive Macro: Multiple Drivers for Growth
ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH Industry Growth Drivers 10% 107 15 - 34 YRS HIGHER INCREASE IN 67 LARGEST 55 DISPOSABLE URBAN CONSUMER INCOME POPULATION 41 GROUP FY 2015 FY 2018 FY 2020E FY 2025P INCREASED HIGH GROWTH INCREASED MIDDLE, Indian Fashion Market (USD Bn) SHIFT INVOLVEMENT I
Slide 54: Attractive Macro: Indian Apparel Market Segments
ATTRACTIVE MACRO: INDIAN APPAREL MARKET SEGMENTS Men’s Apparel Market Men’s innerwear category in FY2020 is estimated to be USD 1.9 bn and is expected to grow at a CAGR 10.3% 8.6% 14.2% 10.3% 13.6% 8.4% CAGR of 10.3 percent to USD 3.1 bn in FY 2025. 45.3 21.6 Men’s casual and activewear category in
Slide 55: Contents: Key Highlights
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES KEY HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 11
Slide 56: Key Highlights
KEY HIGHLIGHTS • Business momentum maintained with adequate precautions in manufacturing units, warehouses and sales outlets • Liquidity continues to remain strong with robust opex, capex and cash flow management • Retail stores of channel partners’ active as of end - June 2021 – 61% of our 80,250+
Slide 57: Contents: Multiple Products Offering
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MULTIPLE PRODUCTS • NEW LAUNCHES OFFERING • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 13
Slide 58: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN UNDERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS TANK TOPS LOUNG
Slide 59: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM H2O ACT ACTIVE SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F L LEISURE S SLIDE S SWIMDRESS T THONG K KNEESUIT L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT
Slide 60: Contents: New Launches
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES NEW LAUNCHES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 16
Slide 61: Jockey - New Launches
JOCKEY - NEW LAUNCHES Style No. UM40 Style No. UL48 TANK TOP LONG LENGTH T-SHIRT Style No. AM06 MUSCLE TEE Style No. RG12 SLEEP SET Style No. CG19 TANK TOP 17
Slide 62: Contents: Unmatched Market Coverage
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING UNMATCHED • NEW LAUNCHES MARKET COVERAGE • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 18
Slide 63: Multi Brand Outlets: Pan India Distribution Network
MULTI BRAND OUTLETS: PAN INDIA DISTRIBUTION NETWORK CHANNEL SALES 4,050+ Distributor Accounts 2,895+ Cities / Towns 80,250+ Retail Network 620+ Channel Sales Strength 19
Slide 64: Exclusive Brand Outlets: First to Offer
EXCLUSIVE BRAND OUTLETS: FIRST TO OFFER 930+ Exclusive Brand Outlets 45 Exclusive Woman Outlets 39 Exclusive Juniors Outlets 190+ Outlets in malls 740+ Outlets in high street Present in 330+ cities 20
Slide 65: Large Format Stores: Enhancing Customer Reach
LARGE FORMAT STORES: ENHANCING CUSTOMER REACH 23 Large Format ~ 2,380 ~ 3,650 partners Stores Point of sale across the country 21
Slide 66: Online & E-Commerce: Riding the Digital Wave
ONLINE & E-COMMERCE: RIDING THE DIGITAL WAVE EXCLUSIVE ONLINE STORE jockey.in | speedo.in SELLING THROUGH ONLINE KEY PARTNERS …and other Partners 22
Slide 67: Contents: Extensive Brand Reach
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING EXTENSIVE • NEW LAUNCHES BRAND REACH • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 23
Slide 68: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH Followers 9,56,357 1,94,621 21,900 24
Slide 69: Contents: Manufacturing Capabilities
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING MANUFACTURING • NEW LAUNCHES CAPABILITIES • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 25
Slide 70: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 locations in Kar
Slide 71: Contents: Financial Highlights
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING FINANCIAL • NEW LAUNCHES HIGHLIGHTS • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 27
Slide 72: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue Revenue Growth % EBITDA EBITDA Margin % PAT PAT Margin % Rs Million Rs Million Rs Million 18.6% 19.8% 11.8% 21.2% 21.6% 13.6% 13.8% 3.3% 19.4% 18.1% 18.6% -3.8% 12.5% 11.7% 12.0% 29,454 28,522 28,330 6,169 25,520 3,939 5,406 5,326 5,266 3,470 3,43
Slide 73: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW/ROCE EPS and DPS Working Capital Days 107 353344 72% 96 311 308 305 89 81 78 239 250 71 70 58% 58% 66 60 57 55% 55% 161 51% 131 97 28 41% 42% 19 21 16 18 19 19 40% 16 12 38% 9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Receivables Inventory Payables Net Work
Slide 74: Profit and Loss Statement: Quarterly
PROFIT AND LOSS STATEMENT: QUARTERLY QoQ YoY Financials (INR mn) Q1FY22 % Q4FY21 % Q1FY21 % growth growth Revenue 5,015 100.0% 8,808 100.0% 2,848 100.0% -43.1% 76.1% COGS 2,120 42.3% 3,733 42.4% 1,478 51.9% -43.2% 43.4% Employee Cost 1,527 30.4% 1,648 18.7% 1,229 43.2% -7.3% 24.3% Other operating co
Slide 75: Gross Margin
GROSS MARGIN Financials (INR mn) Q1FY22 Q1FY21 FY21 Revenue 5,015 2,848 28,330 Material consumed 2,120 1,478 12,639 Sub contract costs # 224 96 1,058 Contribution 2,671 1,274 14,632 Contribution % 53.3% 44.7% 51.7% Other manufacturing costs 1,005 620 3,507 Gross Profit 1,667 654 11,125 Gross Margin
Slide 76: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Strong in-house Wide Range of product development Robust Financials Premium Quality and back end with ROCE of 55% Products capabilities Strong Distribution network with strong License with Jockey Strong Balance Sheet; Strong Brand Equity, presence in MBO, EBO, International
Slide 77: Contents: Sustainability
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING • NEW LAUNCHES SUSTAINABILITY • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 33
Slide 78: Sustainability Culture
SUSTAINABILITY CULTURE VISION To be a leading apparel company through balanced growth with a focus on quality, innovation and sustainable design, thereby, creating lasting value for all our stakeholders Commitment to Sustainability Building Capacity - Public disclosure through sustainability report,
Slide 79: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Water and Effluent Page sustainability focus areas cover all aspects Performance of value chain viz., product development, supply chain & logistics, manufacturing, sales & 09 01 marketing and economic performance. Governance, Materials Risk and Compliance 9 focus
Slide 80: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Performance Sustain strong financial performance by tracking economic value Diversity and Equal Opportunity generated and distributed, assess and address the financial To ensure a diverse and inclusive workplace through policies, implications of sustainability ris
Slide 81: Contents: Shareholding Pattern
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • KEY HIGHLIGHTS • MULTIPLE PRODUCTS OFFERING SHAREHOLDING • NEW LAUNCHES PATTERN • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH • MANUFACTURING CAPABILITIES • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 37
Slide 82: Shareholding Pattern
SHAREHOLDING PATTERN As of 30th june 2021 Insurance Companies and Other DIIs, 4.8% Others, 10.5% Mutual Funds, 13.2% Promoter, 47.9% FPI, 23.7% Market Cap: ~ INR 363 bn (as on 6th August, 2021) 38
Slide 83: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: [email protected] Website: www.jockey.in 39