S.j.s. Enterprises Limited · NSE:SJS
S.j.s. Enterprises — H1 FY2024 Earnings Presentation
32 slides from S.j.s. Enterprises's earnings presentation, November 2023
Slide 1: SJS Enterprises Limited Q2 & H1FY24 Earnings Presentation
SJS Enterprises Limited Q2 & H1FY24 EARNINGS PRESENTATION
Slide 2: Disclaimer
SJS| Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expect
Slide 3: Today's Presenters
SJS| Today’s Presenters K A JOSEPH SANJAY THAPAR MAHENDRA NAREDI DEVANSHI DHRUVA Managing Director CEO & Executive Director Chief Financial Officer Head–Investor Relations • Founded the company in 1987 • Over 30 years of experience in • 20+ years of experience in • Previously worked with Westlife th
Slide 4: Premium aesthetics products manufacturer
SJS| Premium aesthetics products manufacturer Overview Key Facts Established market leader in an attractive business segment Market leadership Rs 2,804 Mn in India for Revenue H1FY24 Operates in the high value-add aesthetics market across multiple consumer-oriented end industries; Aesthetic increase
Slide 5: Q2 & H1FY24 Business & Financial Highlights
Q2 & H1FY24 Business & Financial Highlights
Slide 6: Q2FY24 Highlights
SJS| Q2FY24 Highlights • SJS automotive business (2W+PV) grew at 25.2% YoY, compared to (0.3%) YoY degrowth in auto industry production volumes during the quarter • Total Revenue at Rs 1,631.8 mn, 39.5% YoY growth, primarily on back of WPI addition • Cash & Cash equivalent stands at Rs 238.5 Mn as o
Slide 7: Outperforming the Industry Growth for 16th consecutive quarter
SJS| Outperforming the Industry Growth for 16th consecutive quarter Q2FY24 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS + Exotech 51.3% 25.2% 39.5% SJS Consol (incl WPI) 8.4% 12.4% 9.9% 8.2% 6.3% 5.6% (1.5%) (0.3%) + H1FY24 - Industry Production Volume1 v/s SJS YoY Sales2 39.4% 27.4
Slide 8: Q2FY24 Business Highlights
SJS| Q2FY24 Business Highlights Strong growth story continues… Growing Mega Accounts Adding New Customers - Key Business Projects Won (Chrome plated bezel) GDN Enterprises of Optiemus Group (Neolync, GDN Enterprises and Foxconn Technologies are suppliers to telecom segment) 8 Q2FY24 Earnings Present
Slide 9: Awards & Achievements
SJS| Awards & Achievements Mr. K. A Joseph won the SPAI FESPA1 - Lifetime Achievement Award sponsored by Fujifilm Sericol India 2023 in appreciation of the yeoman service rendered in the industry with a visionary leadership and extraordinary achievements Note: 1) SPAI FESPA : Screen Printing Associa
Slide 10: ESG Framework
SJS | ESG Framework Human Capital Inclusive Growth • Employee Engagement • Local Community • Diversity • Customer Satisfaction • Health & Safety • Product Quality • Collaboration • Training & EHS Policy Development Risk Management • Compliance with Laws • Stakeholder Management • Prevention of Pollu
Slide 11: CSR – Serving the Community
SJS | CSR – Serving the Community Improved lives of thousands of people across 20 villages by providing them hygienic environment to live in through our garbage cleaning initiative (of the 20 villages, added 8 villages during Q2) Let’s Feed the Needy organization provides daily meals to people in ne
Slide 12: Consolidated P&L Performance (SJS + Exotech)
SJS| Consolidated P&L Performance (SJS + Exotech) Organic business performance Particulars Q2FY24 Q2FY241 Q2FY23 YoY% Q1FY24 QoQ% H1FY241 H1FY23 YoY% (INR in Mn) Reported Operating Revenue 1,243.3 1,243.3 1,169.4 6.3% 1,172.5 6.0% 2,415.7 2,201.1 9.8% Adj. EBITDA2 327.7 349.2 333.8 4.6% 313.8 11.3%
Slide 13: Consolidated P&L Performance (with WPI)
SJS| Consolidated P&L Performance (with WPI) Particulars Q2FY24 Q2FY241 Q2FY23 YoY% Q1FY24 QoQ% H1FY241 H1FY23 YoY% (INR in Mn) Reported Operating Revenue 1631.8 1631.8 1169.4 39.5% 1172.5 39.2% 2804.3 2201.1 27.4% Adj. EBITDA2 377.2 398.7 333.8 19.4% 313.8 26.9% 712.5 612.0 16.4% Adj. EBITDA Margin
Slide 14: Q2FY24 Financial Performance (Consolidated)
SJS| Q2FY24 Financial Performance (Consolidated 1) Revenue growth better than industry… 39.5% • Revenue at Rs 1,631.8 Mn on account of 51.3% YoY growth in PV and 103.1% YoY growth in YoY growth consumer business - outperforming the underlying industry 19.4% • Adj. EBITDA2 at Rs 398.7 Mn, Adj EBITDA
Slide 15: H1FY24 Financial Performance (Consolidated)
SJS| H1FY24 Financial Performance (Consolidated 1) Picking up pace… 27.4% • Revenue at Rs 2,804.3 Mn, primarily grew on account of WPI acquisition YoY growth 16.4% • Adj. EBITDA2 at Rs 712.5 Mn, Adj. EBITDA margins of 25.0%, excluding one-time acquisition cost for WPI acquisition YoY growth 7.3% • A
Slide 16: Consolidated Balance Sheet Performance
SJS| Consolidated Balance Sheet Performance • Cash & Bank balance of ~Rs 238.5 Mn as on 30th Sep 2023 • Net debt as on 30th Sep’23 is Rs 599.4 Mn. • Return ratios : ROE at 13.7% and ROCE at 17.9% ,impacted on account of investments for WPI acquisition Note: ROCE = EBIT /(Total Assets - Cash, Bank &
Slide 17: Future Growth Outlook
Future Growth Outlook
Slide 18: Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2) Driven by premiumization, new age aesthetic products to drive realization increase across categories Rs 1,200 - 1,500 3 - 4x growth Per vehicle Per vehicle Legacy Future Kit Kit Value Value SJS’ New Age Products (PV
Slide 19: Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2) Driven by premiumization, new age aesthetic products to drive to realization increase across categories Rs 300 - 500 1.5 - 2x growth Per vehicle Per vehicle Legacy Kit Future Kit Value Value SJS’ New Age Products (2
Slide 20: Organic growth expected at ~20-25% CAGR, with best-in-class margins
SJS| Organic growth expected at ~20-25% CAGR, with best-in-class margins Strategy for organic growth over FY24-26 Exports : Increasing global presence • Penetrate deeper in existing geographies and enter new geographies • Strong focus on expanding presence in ASEAN • Strengthening our sales force in
Slide 21: Inorganic Growth Expected to Boost Organic Growth Trajectory
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions is a Key Pillar for growth Identify New Improve Plan for next Sustaining Targets Integration Performance phase of Performance growth • WPI – WPI was acquired in • Exotech – SJS showed remarkable SJS will July’23.
Slide 22: FY24 Outlook
SJS| FY24 Outlook ▪ SJS will continue to outperform the industry with gradual recovery in exports and domestic 2W markets ▪ SJS expects near 45% YoY revenue growth on account of expected recovery in 2W, PV, Consumer Durables and Exports ▪ Premiumisation + New Customer Wins + Exports + WPI Acquisitio
Slide 23: SJS Enterprises Limited Q2FY24 Earnings Call Invite
SJS Enterprises Limited Q2FY24 Earnings Call Invite SJS Enterprises Limited (BSE: 543387) announced its results for the quarter ended June 30, 2023, on July 26th, 2023. Following the announcement, the management team will host a conference call for investors and analysts on November 8th, 2023, at 10
Slide 24: Thank You
THANK YOU IR Contact Ms. Devanshi Dhruva | Head - Investor Relations devanshi@sjsindia.com
Slide 25: Appendix
Appendix
Slide 26: Longstanding history of design backed manufacturing excellence
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business 2023 Walter Pack India 2021 Acquired 90.1% stake in WPI. Focused on IMF, Exotech Plastics IML, IMD and IME 2019-20 Acquisition completed technologies for to further com
Slide 27: Diverse Product Portfolio (1/3)
SJS| Diverse Product Portfolio…(1/3) Decals & Body Graphics 2D Appliques & Dials 3D Appliques & Dials Overlays 27 Q2FY24 Earnings Presentation Sep 2023
Slide 28: Diverse Product Portfolio (2/3)
SJS| Diverse Product Portfolio…(2/3) Aluminium Badges Domes 3D Lux Badges Aftermarket – “Transform” 28 Q2FY24 Earnings Presentation Sep 2023
Slide 29: Diverse Product Portfolio (3/3)
SJS| Diverse Product Portfolio…(3/3) Lens Mask Assembly Optical Plastics Chrome plated parts (Exotech) IMLs / IMDs (SJS & Walter Pack India) 29 Q2FY24 Earnings Presentation Sep 2023
Slide 30: Superior financial metrics and resilient business model
SJS| Superior financial metrics and resilient business model Revenue from Operation (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) 5000.0 1,500.0 31.0% 31.2% 32.0% 4000.0 4330.5 30.0% 3698.6 1,000.0 1,167.8 3000.0 26.7% 985.3 28.0% 2000.0 2372.6 2516.2 26.4% 26.0% 2161.7 500.0 26.3% 1000.0 686.1 797
Slide 31: Board of Directors
SJS| Experienced & Qualified Board Team K A Joseph Ramesh Chandra Jain Managing Director – Promoter & Co-founder Non-Exec Chairman & Independent Director ❖ Over 34 years of experience in aesthetics printing business ❖ Worked for 25 years in Eicher & retired as group vice ❖ Leads the manufacturing op
Slide 32: Experienced Professional Management Team
SJS| Experienced Professional Management Team MAHENDRA NAREDI SADASHIVA BALIGAR Chief Finance Officer, SJS Chief Operation Officer, SJS • 20+ years of experience in financial management, key • 25+ years of experience in operations roles across the accounting & financial analysis, FP&A, fundraising,