Gokaldas Exports Limited · NSE:GOKEX
Gokaldas Exports — Investor Presentation (February 2024)
31 slides from Gokaldas Exports's investor presentation, Feb 13, 2024
Slide 1: Future Ready Investor Presentation February 2024
GOKALDAS EXPORTS LIMITED Future Ready Investor Presentation February 2024
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by and are the sole responsibility of the Gokaldas Exports Limited (“Company”). This presentation contains selected information about the activities of the Company as at the date of this presentation, unless otherwise specif
Slide 3: Table of Contents
Table of Contents 04-08 About the Company 09-15 Strategic Interventions 16-23 Industry Trends 24-26 Financial Highlights 27-30 Performance Track Record 03 _Gokaldas Exports Limited
Slide 4: About the Company
05 About Gokaldas Exports Limited 06 Manufacturing Prowess 07 Integrated Value Chain 08 Building Capacity & Capabilities 01/ About the Company
Slide 5: Gokaldas Exports at a Glance
Gokaldas Exports at a Glance An apparel manufacturer and exporter in India engaged in the business of design, manufacture, and sale of a diverse range of apparel products for all seasons. The Company exports to a number of the world's prestigious fashion brands and retailers in more than 50 countrie
Slide 6: 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 customers labour and its manufacturing facilities, that are equipped with state-of-the-a
Slide 7: 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 8: Building Capacity & Capability
Building Capacity & Capability Incorporated new wholly- owned subsidiary in Delaware USA Commissioned New Garment Unit New Knits Fabric Processing Unit Gokaldas Exports has strategically incorporated a US entity in April 2023, to be The company commissioned Phase I of a The company plans to have a v
Slide 9: Our Strategic Interventions
10 Atraco at a Glance 13 About Matrix 02/ Our Strategic Interventions
Slide 10: Gokaldas Exports partners with Atraco
Gokaldas Exports partners with Atraco + Gokaldas Exports had signed a definitive agreement with the shareholders of Atraco to acquire 100% of the business’s equity for a total consideration of up to US$ 55 million in August 2023. The acquisition was completed on January 3, 2024, paying US$ 45 millio
Slide 11: Atraco at a Glance
Atraco at a Glance Atraco is an apparel manufacturing company with long experience in the MEA region. 843 05 ₹ crores revenue in 2022 State-of-the-art manufacturing facilities, with 4 in Kenya and 1 in Ethiopia. • Headquartered in Dubai, UAE, with a network of 5 manufacturing units, 4 in Kenya and 1
Slide 12: More about Atraco
More about Atraco REVENUE* Profitable player in last three calendar years ₹ 843 cr. The company has achieved a consistent growth in Revenue Consolidated Financial Highlights (Calendar Year) 33% Y-o-Y In ₹ Crore KEY PERFORMANCE METRICS 2020# 2021 2022 Revenue from operations 519 634 843 EBITDA 39 80
Slide 13: Gokaldas Exports allies with Matrix Clothing
Gokaldas Exports allies with Matrix Clothing + Gokaldas Exports has signed a Share Swap agreement with Matrix Clothing to acquire 100% equity of the business for a total consideration of up to ₹ 489 crores, out of which ₹ 247.5 crores is being paid by way of preferential allotment of shares of Gokal
Slide 14: Matrix Clothing at a Glance
Matrix Clothing at a Glance Matrix Clothing is an apparel manufacturer in India with designing, manufacturing, and exporting a 596 5 diverse range of apparel products for ₹ Crore Total Income in FY 2023 Five manufacturing facilities, with four all seasons, headquartered in in Gurgaon and one in Ranc
Slide 15: More about Matrix
More about Matrix REVENUE* Profitable player in the last three financial years ₹ 596 cr. The company has achieved a consistent growth in Revenue with a CAGR of 15% Financial Highlights In ₹ Crore (-1%) Y-o-Y KEY PERFORMANCE METRICS FY21 FY22 FY23 Total Income 337 603 596 EBITDA 66 63 71 EBITDA* ₹ 71
Slide 16: Global Apparel Industry Trends
17 Global Textile & Apparel Trade Trends 18 Apparel Export & Imports Trend 19 US Retail Clothing Trends 20 Apparel Imports & India Apparel Exports 21 China’s Market Share Loss in US 22 Indian Apparel Exports Trends 23 Conclusion 03/ Global Apparel Industry Trends
Slide 17: Apparel Dominates the Global Textiles Business
Apparel Dominates the Global Textiles Business Global Textile Trade (2022) Global Textile and Apparel Trade Projections (IN %) (IN US$ BN) 980 6% 930 10% 856 55 846 52 28% 808 804 50 50 47 43 552 506 474 473 419 448 56% 110 102 79 83 83 138 234 249 240 262 270 204 Yarn + Fabric + Fibre Apparel Home
Slide 18: China Leads the World in Apparel Export with 30% Share
China Leads the World in Apparel Export with 30% Share Major Apparel Importing Countries (2022) Major Apparel Exporting Countries (2022) (IN %) (IN %) 21% 30% 45% 54% 9% 5% 10% 5% 5% 5% 5% 5% United States of America Germany France Japan United Kingdom RoW China Bangladesh Vietnam Germany Italy RoW
Slide 19: US Retail Sales Remained Resilient in Jan-Nov 2023
US Retail Sales Remained Resilient in Jan-Nov 2023 US Clothing Retail Store Sales US E-com Clothing Sales Price vs Volume contribution for US clothing (IN US$ BN) (IN US$ BN) retail store sales (IN %) 8.2% 14% 7% 46.2% 46.2% 74 218 69 201 206 60 66 38 24 23 49 62 137 21 43.7% 57 53 16 17 17 49 51 14
Slide 20: US & EU Apparel Imports Down Sharply
US & EU Apparel Imports Down Sharply US Apparel Imports EU Apparel Imports India Apparel Exports (IN US$ BN) (IN EUR BN) (IN US$ BN) 26.5% 23.4% 23.3% 13.6% 30% 1% -14%^^ 100 206 16.0 16.2 81 21 78 167 55 147 141 12.3 4.9 4.3 64 23 17 46 10.1 29 39 4.1 17 58 49 3.8 3.7 23 23 44 3.2 44 19 3.4 25 47 4
Slide 21: China Losing Share in the US Market
China Losing Share in the US Market Major Apparel Exporting Countries to USA Major Apparel Exporting Countries to EU World Apparel Exports Trend 39% 40% 40% 42% 42% 44% 45% 45% 45% 44% 44% 5% 5% 5% 49% 47% 46% 46% 5% 5% 6% 5% 4% 5% 4% 6% 6% 5% 5% 5% 5% 5% 5% 7% 7% 5% 6% 7% 10% 9% 5% 5% 5% 5% 6% 8% 9
Slide 22: Apparel Dominates India's Textiles Exports
Apparel Dominates India’s Textiles Exports Indian textile and apparel export share Indian Apparel Exports (In %) (In US$ BN) G E O G R AP H Y FY24 FY20 FY21 FY22 FY23 1% ( Ap r - N o v) 0% 1% EU 5.8 4.5 5.6 6.1 3.2 1% 4% North America 4.6 3.5 5.7 5.9 3.2 UAE 1.7 1.6 1.8 1.2 0.7 15% Others 3.4 2.7 2.
Slide 23: 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 • China losing market share due to rising labour costs, geopolitical tensions, and US-China trade issues. • Heightened Red Sea issue is leading to an increase in insurance co
Slide 24: 9M FY24 Highlights
25 9M FY24 Highlights 26 Analysis of Financial Position 04/ 9M FY24 Highlights
Slide 25: 9M FY24 Highlights
REVENUE* 9M FY24 Highlights ₹1591 Cr. This has to be viewed in the backdrop of 14% decline in overall Indian apparel exports during the same period. The brands have been optimizing their inventory with lower purchases. The excess Summary of Consolidated Profit & Loss Statement inventory with brands
Slide 26: Financial Year Highlights
Financial Year Highlights Analysis of Financial Position ₹ in Crores st st KEY PERFORMANCE METRICS 31 Dec 2023 31 Mar 2023 Changes (+/-) NET CURRENT ASSETS* NON CURRENT ASSET Investment in Fixed Assets 356.0 275.1 80.9 The net current assets increased by ₹59 Cr, mainly due to an Other non-current as
Slide 27: Performance Track Record
28 Summary of Profit and Loss Statement 29 Analysis of Financial Position 30 Ratio Analysis 05/ Performance Track Record
Slide 28: Financial Highlights
Financial Highlights Summary of Three Years Consolidated Profit & Loss Statement ₹ in Crores, unless specified KEY PERFORM ANCE METRICS FY21 FY22 FY23 YOY Total Income 1,222.9 1,801.0 2,247.2 24.8% Revenue from operations 1,210.7 1,790.3 2,222.2 24.1% Other Income 12.2 10.7 25.0 134.2% EBITDA 113.7
Slide 29: Financial Highlights
Financial Highlights Analysis of Three 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 FY21 FY22 FY23 YOY NON-CURRENT ASSETS Investment in Fixed Assets 127.2 169.1 275.1 106.0 Other non-current assets 45.8 68.5 74.6 6.1 Total non-current assets 173.1 237.6 349.7 112.1 CU
Slide 30: KPIs and Ratios
KPIs and Ratios REVENUE EBITDA EBITDA Margin (₹ CRORES) (₹ CRORES) (IN %) FY23 2247 FY23 296 FY23 13.2% FY22 1801 FY22 216 FY22 12.0% FY21 1223 FY21 114 FY21 9.3% Cash and Cash Eq. Net Debt / Equity Return on Capital Employed (₹ CRORES) (IN TIMES) (IN %) FY23 368 FY23 -0.28 FY23 27% FY22 167 FY22 0.
Slide 31: 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
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