S.p. Apparels Ltd. · NSE:SPAL
S.p. Apparels — Q1 FY22 Earnings Presentation
29 slides from S.p. Apparels's earnings presentation, Aug 14, 2021
Slide 1: Cover letter to stock exchanges: Financial Presentation
dnp S.RPAPPARELS LTD. ©) 4551 UKAS om © : Phone +91-4296-714000 E-mail spindiau's-p-apparels.com : 61 Regd. Office 39-A, Extension Street, Kaikattipudur, AVINASHI 654, Tamil Nadu, India. Web: www.s-p-apparels.com CIN No.: L18101TZ2005PLCO12295 14" August, 2021 The Listing Department The Listing Depa
Slide 2: S.P. Apparels Limited Investor Presentation Q1 FY22 Results Update
S.P.APPARELS LIMITED INVESTOR PRESENTATION Q1 FY22 Results Update August 2021
Slide 3: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by S.P. Apparels Limited (“SPAL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial co
Slide 4: Q1 FY22 Results Update
Q1 FY22 RESULTS UPDATE Company Overview Financial Overview & Shareholding Structure
Slide 5: Q1 FY22 - Key Highlights
Q1 FY22 - KEY HIGHLIGHTS 136% YoY growth 120% YoY growth 35% YoY growth TTM EPS stands at Rs.23.6 in garment in total revenue1 in SPUK revenue division revenue 9.0 Mn pieces export volume PAT stands at Adj. EBITDA2 Rs.116 mn vs loss 8.8% PAT Margin, stands at Rs.278 of Rs.58 mn in Q1 +1850bps YoY mn
Slide 6: Q1 FY22 Result – Key Highlights
Q1 FY22 RESULT – KEY HIGHLIGHTS Q1 FY22 YoY ANALYSIS In Rs Mn REVENUES 1 Adj. EBITDA & EBITDA MARGIN 2 PBT* & PBT MARGIN 3 PAT & PAT MARGIN 3 12.8% 8.8% 1,318.3 21.1% 168.2 8.8% 115.6 278.3 -9.7% -9.7% 598.2 120% 427% Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 52.8 -58.2 -58.2 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q
Slide 7: Q1 FY22 Result – Division Wise Analysis
Q1 FY22 RESULT – DIVISION WISE ANALYSIS In Rs Mn Q1 FY22 YoY ANALYSIS – TOTAL REVENUE BREAKUP 1 DIVISION REVENUES SHARE Q1 FY21 Q1 FY22 Garment Exports 82.0% 87.7% 1,318 45.4 116.2 SPUK 14.4% 8.8% Retail 3.6% 3.4% 111% 598 21.5 1,156.8 86.1 35% Adj. EBITDA MARGIN % 2 Q1 FY21 Q1 FY22 Garment Exports
Slide 8: Q1 FY22 Result – Key Analysis
Q1 FY22 RESULT – KEY ANALYSIS FINANCIAL UPDATE: • Q1 FY22 total revenues1 increased by 120% YoY to Rs 1,318 mn • Revenues grew by 136% on a YoY basis in Garment Exports division due to revival in demand from existing customers post covid • Revenue grew by 35% on a YoY basis in SPUK division due to e
Slide 9: Q1 FY22 Result – Consolidated Profit & Loss Statement
Q1 FY22 RESULT – CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs Mn) Q1 FY22 Q1 FY21 YoY% FY21 FY20 YoY% Revenue from Operations 1,330.8 612.5 117.3% 6,523.1 8,089.7 -19.4% Gain on account of Foreign Currency Fluctuations -12.46 -14.3 - 8.8 219.6 -96.0% Total Revenues 1,318.3 598.2 120.4% 6,
Slide 10: FY21 – Consolidated Balance Sheet
FY21 – CONSOLIDATED BALANCE SHEET Particulars (Rs Million) Mar-20 Mar-21 Particulars (Rs Million) Mar-20 Mar-21 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 256.9 256.9 a. Property, Plant and Equipment 3,964.8 4,007.6 Other Equity 4,975.3 5,326.9 b. Capital work
Slide 11: Company Overview
Q1 FY22 Results Update COMPANY OVERVIEW Financial Overview & Shareholding Structure
Slide 12: Brief Profile
BRIEF PROFILE ▪ SPAL is one of the leading manufacturers and exporters of knitted garments for infants and children in India. ▪ Provides end-to-end garment manufacturing from greige fabric to finished products including body suits, sleep suits, tops and bottoms. BUSINESS OVERVIEW ▪ Strong promoter p
Slide 13: Our Evolution
OUR EVOLUTION 2007-08 Amalgamation with Sri Balaji 2016 2003 Bakkiam Spinning Mills ▪ Listed on BSE / NSE Set-up first in-house embroidery facility at Thekkalur 2008-13 ▪ Repayment of Loans to Streamlining of operations to integrate the reduce leverage 1989 2004 factories, increase efficiencies and
Slide 14: Leading Exporter of Infant & Children Wear in India
LEADING EXPORTER OF INFANT & CHILDREN WEAR IN INDIA SPAL IS A SPECIALIZED PLAYER IN THE HIGHLY CHALLENGING INFANT & CHILDREN WEAR KNITTED GARMENT INDUSTRY INDUSTRY’S UNIQUE CHALLENGES SPAL’S CORE COMPETENCIES 1 Demonstrated manufacturing excellence for over two decades • Labour intensive operations.
Slide 15: Preferred Vendor to Reputed International Brands
PREFERRED VENDOR TO REPUTED INTERNATIONAL BRANDS SPAL IS THE PREFERRED VENDOR FOR KNITTED GARMENTS FOR INFANTS AND CHILDREN TO REPUTED INTERNATIONAL BRANDS AND RETAILERS WHY SPAL? • Expertise to concurrently manage multiple large orders with a diversified product range including body suits, sleep su
Slide 16: Strategically Located & Integrated Manufacturing Facilities
STRATEGICALLY LOCATED & INTEGRATED MANUFACTURING FACILITIES INTEGRATED BUSINESS LOCATION ADVANTAGE: MODEL • All 18 manufacturing facilities are located within a radius of ~125 km of our Registered Office near Product Development Tirupur (leading hub in India for knitted garments for children and exp
Slide 17: Strategically Located & Integrated Manufacturing Facilities
STRATEGICALLY LOCATED & INTEGRATED MANUFACTURING FACILITIES Spinning Dyeing 16
Slide 18: Strategically Located & Integrated Manufacturing Facilities
STRATEGICALLY LOCATED & INTEGRATED MANUFACTURING FACILITIES Printing Automated Embroidery Sewing Automated Sewing Assembly Line Semi-Automated Inventory Management 17
Slide 19: Strong In-House Design Expertise
STRONG IN-HOUSE DESIGN EXPERTISE STRONG DESIGN IS SPAL’S CORE COMPETENCY • SPAL’s core competency lies in understanding latest fashion and trends to suit the customers buying preferences. • Dedicated in-house design and merchandising team of designers located at our Corporate Office in India and des
Slide 20: Stringent Quality Controls & Compliance
STRINGENT QUALITY CONTROLS & COMPLIANCE • Strong adherence to the highest standards of quality, assurance and compliance. • Stringent quality control checks consisting of inspection and testing of fabric, greige and processed yarn, trims, accessories, packing materials and of each piece of garment f
Slide 21: Building Retail Presence in India
BUILDING RETAIL PRESENCE IN INDIA SPAL’s PRESENCE ACROSS LARGE FORMAT STORES 20
Slide 22: Building Retail Presence in India
BUILDING RETAIL PRESENCE IN INDIA SPAL IS STRENGTHENING ITS RETAIL PRESENCE BY EXPANDING THE REACH OF CROCODILE BRAND OUR RETAIL STORE PRESENCE • SPAL undertakes manufacturing and retailing activities in India under the ‘Crocodile’ brand. • SPAL sells wide range of adult menswear products like shirt
Slide 23: Qualified Management with Deep Understanding of Apparel Sector
QUALIFIED MANAGEMENT WITH DEEP UNDERSTANDING OF APPAREL SECTOR Mr P. Sundararajan ` Ms S. Latha Mr S. Chenduran Chairman and Managing Director Executive Director Director • Six years of experience in the textile • Founder director of SPAL with 35 Founder director of SPAL with 28 years and apparel in
Slide 24: Board of Directors – Wide Spectrum of Experience
BOARD OF DIRECTORS – WIDE SPECTRUM OF EXPERIENCE Mr A.S. Anandkumar Mrs H .Lakshmi Priya Independent Director Independent Director • 47 years of experience in banking • 20+ years of experience in corporate advisory, contract documentation, private • Masters of Science from the University of equity &
Slide 25: Financial Overview & Shareholding Structure
Q1 FY22 Results Update Company Overview FINANCIAL OVERVIEW & SHAREHOLDING STRUCTURE
Slide 26: Financial Overview
FINANCIAL OVERVIEW In Rs Million REVENUES Adj. EBITDA & EBITDA MARGIN PAT Before MI & PAT MARGIN 8.5% 9.1% 18.4% 7.2% 6.6% 8,264 8,090 16.4% 15.3% 16.4% 5.6% 6,330 6,624 6,523 10.8% 1,238 1,238 734 1,036 1,072 536 895 478 469 432 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20
Slide 27: Division-Wise EBITDA Performance
DIVISION-WISE EBITDA PERFORMANCE In Rs Million GARMENT DIVISION 20.9% 21.0% 20.2% 17.6% 12.0% 6805.0 7026.4 5955.1 5733.7 5368.7 1244.4 1202.4 1194.4 842.6 1083.3 FY17 FY18 FY19 FY20 FY21 Garment Revenue Garment EBITDA Adj. EBITDA Margin (%) RETAIL DIVISION SPUK 5.6% 5.3% 3.6% 4.4% 3.5% 3.7% 2.1% 0.
Slide 28: Shareholding Structure
SHAREHOLDING STRUCTURE SHAREHOLDING PATTERN – 30th June 2021 KEY SHAREHOLDERS – 30th June 2021 DSP Mutual Fund 6.16% Non-Institutions 23.5% UTI Mutual Fund 5.18% Promoters 61.7% ICICI Prudential Mutual Fund 3.40% Institutions 14.8% Source: BSE 27
Slide 29: For Further Queries
FOR FURTHER QUERIES: Mr. V. Balaji Chief Financial Officer Email: balaji.v@spapparels.com Ms.Pushpa Mani /Mr. Chintan Mehta IR Consultant Email: s.p.apparels@dickensonworld.com Contact no: +91 9911684123/ 9892183389