Goldiam International Limited · NSE:GOLDIAM
Goldiam International — FY2023 Earnings Presentation
29 slides from Goldiam International's earnings presentation, May 20, 2023
Slide 1: Intimation of Investor Presentation to Stock Exchanges
May 20, 2023 To, To, BSE Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400 001. Mumbai- 400 051. Scrip Code: 526729 Scrip Code: GOLDIAM EQ Dear Sir/Madam, Sub: Investor Presentation Pursuant to Regulation 30 of
Slide 2: Investor Presentation May 2023
Page - 1 INVESTOR PRESENTATION May 2023
Slide 3: Q4 & FY23 Update, Company Snapshot, Investment Rationale
Page - 2 Q4 & FY23 UPDATE COMPANY SNAPSHOT INVESTMENT RATIONALE FINANCIAL SNAPSHOT COMPANY STRUCTURE & BOD
Slide 4: Q4 & FY23 Update
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Q4 & FY23 Update
Slide 5: Q4 & FY23: Key Highlights (Consolidated)
Page - 4 Q4 & FY23: Key Highlights (Consolidated) In ₹ Mn Q4FY23 YoY ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PAT & PAT MARGIN (%) 21.3% 1,585 16.7% 14.4% 12.0% 1,349 15 % 33 % 29 % 337 228 226 162 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 FY23 YoY ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PA
Slide 6: FY23: Key Performance Highlights (Consolidated)
Page - 5 FY23: Key Performance Highlights (Consolidated) FINANCIAL UPDATES (CONSOLIDATED) • Revenues: During FY23, the consolidated revenue decreased by 22% to ₹ 5,543 million due to US economy witnessing record high inflation, coupled with higher interest rates leading to multifold increases in mor
Slide 7: Consolidated Profit & Loss Statement
Page - 6 Consolidated Profit & Loss Statement Particulars (In ₹ Mn) Q4FY23 Q4FY22 YoY % FY23 FY22 YoY % Revenue from Operations 1,349.0 1,585.2 -14.9% 5,542.9 7,123.9 -22.2% COGS 878.2 1,085.3 -19.1% 3,528.5 4,865.1 -27.5% Gross Profit 470.8 499.9 -5.8% 2,014.5 2,258.8 -10.8% Gross Margin % 34.9% 31
Slide 8: Consolidated Balance Sheet
Page - 7 Consolidated Balance Sheet Liabilities (In ₹ Mn) FY23 FY22 Asset (In ₹ Mn) FY23 FY22 Equity Assets Non-Current Assets Equity Share Capital 217.9 218.0 Property, Plant & Equipment 397.6 378.3 Other Equity 5,638.6 4,981.0 Capital Work in progress - 0.1 Non Controlling Equity 64.6 60.8 Right t
Slide 9: Company Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Company Snapshot
Slide 10: Goldiam International: Leading Exporter of Diamond Jewellery
Page - 9 Goldiam International: Leading Exporter of Diamond Jewellery OVERVIEW • Established in 1986, today we are supplier to leading global retailers, departmental stores and wholesalers with a diversified product portfolio of • Natural diamond jewellery • Lab grown diamonds (LGD) and jewellery •
Slide 11: Our Journey - A Constant Architect of Value Addition
Page - 10 Our Journey - A Constant Architect of Value Addition IDEATE INNOVATE IMPLEMENT 1970 - 1990 1995 - 2015 2015-2018 2018-2023 • Goldiam International • Moving from commodity • Amongst the first jewellery • Implementation of started exports of cut and business of diamond exporting companies to
Slide 12: Evolving Modus Operandi leading to Integrated Working Capital Optimisation
Page - 11 Evolving Modus Operandi leading to Integrated Working Capital Optimisation From Brick & Mortar To E-commerce Leading to: (Traditional Business) & Omni-Channel 1 Jewelry Design made by Goldiam Jewellery designs distributed on Improved Inventory 1 1 various websites and e-commerce Turnover p
Slide 13: Goldiam's Edge: Building Momentum with Strength
Page - 12 Goldiam’s Edge: Building Momentum with Strength Financial Strength Building Financial • Debt-Free Operations 1 Resilience • Cash and Cash Equivalents (including investments) over ₹ 2,568 Mn (FY23) • Ability to secure Raw Material at Competitive prices due to upfront purchase Operational St
Slide 14: Investment Rationale
Page - 13 Investment Rationale
Slide 15: Play on Value Addition and Strong Financials
Page - 14 Play on Value Addition and Strong Financials 1. Expanding our Product Portfolio 4. Distribution Policy • We are committed to maintain a minimum • With the acquisition of Eco-Friendly payout ratio of 50% of the annual Diamonds LLP (EDL), we are positioned to Standalone Profits after Tax (PA
Slide 16: Expanding our Product Portfolio: The Future of Diamond Industry through LGD
Page - 15 Expanding our Product Portfolio: The Future of Diamond Industry through LGD What are Lab Grown Diamonds? • Diamonds are made up almost entirely of pure carbon. LGDs man made diamonds that mirror natural diamonds. • Because of carbon atoms structures, LGD display the same chemical and optic
Slide 17: Expanding our Product Portfolio: Scaling our Business through Lab Grown Diamonds
Page - 16 Expanding our Product Portfolio: Scaling our Business through Lab Grown Diamonds Growth Opportunity of Accretive Goldiam’s LGDs Acquisition Edge • Market share of 3.1% • Acquired a 88% stake • Introduced our first line of lab-grown diamond of overall US jewellery in EDL, to integrate our j
Slide 18: Best-in-Class OEM for US Jewellery Retailers
Page - 17 Best-in-Class OEM for US Jewellery Retailers: Strengthening our Revenue Streams along with better RoE’s By keeping our philosophy of 3I’s (Ideate, Innovate and Implement) in mind, we are moving towards better margins, cost optimisation and omnichannel business models. Evolving our business
Slide 19: Digital Strategy to Widen Customer Base
Page - 18 Digital Strategy to Widen Customer Base: Shifting towards Digital Transformation to Optimize Business Market Size & E-Commerce presents opportunities to optimize Growth Drivers Inventory, increase sales, and refocus towards ROE - driven business models • Compared to other consumer products
Slide 20: Digital Strategy: Jewel Fleet – An online B2B platform
Page - 19 Digital Strategy to Widen Customer Base: Jewel Fleet – An online B2B platform For Goldiam International - E-commerce An Opportunity to Capitalise distribution, focused on • Quick Cash Conversion Cycle innovation and B2B leads to negative working distribution Target market - capital cycle a
Slide 21: Distribution Policy: Creating Consistent Value for Stakeholders
Page - 20 Distribution Policy: Creating Consistent Value for Stakeholders Our Dividend Distribution Policy ensures sustainable and consistent returns to stakeholders. Our Prudent Capital Allocation (In ₹ Mn) • Committed to wealth-creation for all our stakeholders. 76.7% 75.6% 1,060.0 • Objective of
Slide 22: Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls
Page - 21 Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls DISTRIBUTION POLICY DEBT FREE COMPANY • Committed to wealth-creation • With our prudent and for all its stakeholders. conservative approach towards financial engineering, we have • Over the last five years, the remai
Slide 23: Financial Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Financial Snapshot
Slide 24: Consolidated Financial Snapshot
Page - 23 Consolidated Financial Snapshot In ₹ Mn Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 21.7% 10.4% 12.4% 16.2% 14.9% 15.4% 6,877 12.4% 11.9% 20.6% 22.5% 1,547 1,060 5,332 1,250 852 4,464 4060 853 670 3,645 553 465 453 434 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 F
Slide 25: Consolidated Financial Snapshot
Page - 24 Consolidated Financial Snapshot In ₹ Mn Cash & Investments as a % of Equity Return on Equity (RoE)* 62.0% 64.6% 58.6% 21.0% 43.1% 43.4% 15.0% 15.2% 12.2% 11.2% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Leverage Analysis Working Capital Analysis 0.07 5,921 5,260 4,813 55 4,154 0.05
Slide 26: Company Structure & Board of Directors
Page - 25 Company Structure & Board of Directors
Slide 27: Our Group Structure
Page - 26 Our Group Structure Goldiam International Limited (Holding Company) Goldiam Jewellery Limited Goldiam USA Eco-Friendly Diamonds LLP Diagold Designs Limited SEEPZ Mumbai New York, USA SEEPZ Mumbai (Subsidiary Company) (Wholly Owned Subsidiary) (Wholly Owned Subsidiary) (88% Subsidiary) Manu
Slide 28: Our Board of Directors
Page - 27 Our Board of Directors Name of the Designation Description Director Executive Mr Rashesh Bhansali has over 28 years of rich and exhaustive experience in the field of diamonds & Rashesh Bhansali Chairman jewellery. Mr Anmol Bhansali has completed Bachelors of Science in Business Administrat
Slide 29: Thank You!
Page - 28 Company Secretary Mehul Mehta Pankaj Parkhiya Director Email: Dissero_Clients@dissero.co.in Email: investorrelations@goldiam.com Contact Details: +91 98202 80325 Contact Details: 022 28291893 Thank You!