Siyaram Silk Mills Limited · NSE:SIYSIL
Siyaram Silk Mills — Q4 FY24 Earnings Presentation
38 slides from Siyaram Silk Mills's earnings presentation, May 2024
Slide 1: Investor Presentation | Q4 & FY24
Investor Presentation | Q4 & FY24
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Siyaram Silk Mills Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 3: Q4 & FY24 Performance
Siyarams Q4 & FY24 Performance
Slide 4: Management Commentary
Management Commentary Mr. Gaurav Poddar, Executive Director “ Through resilience and gratitude, we navigate challenges and pursue growth by honoring stakeholder trust in our vision “ Despite facing subdued consumer demand and challenging market conditions, our company has showcased resilient perform
Slide 5: Quarterly Business Performance
Quarterly Business Performance (₹ in Mn) Net Revenue* EBITDA* Net Profit After Tax 22,293 3,689 2,518 20,872 3,343 19,031 2,125 6,948 1,215 883 6,464 2,849 1,177 1,847 6,280 773 1,059 690 5,011 758 5,019 520 5,625 1,021 685 690 443 6,355 5,852 1,198 806 4,799 849 880 533 614 3,980 3,537 519 310 2,32
Slide 6: Q4FY24 Profit & Loss Statement
Q4FY24 Profit & Loss Statement Particulars (₹ in Mn) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 6,464 6,948 -7.0% 5,019 28.8% 20,872 22,293 -6.4% Cost Of Goods Sold 3,863 4,234 2879 12,106 12,971 Employee Expenses 450 511 429 1,723 1,791 Other Expenses* 1092 988 1026
Slide 7: Our Legacy, Our Future
Siyarams Our Legacy, Our Future
Slide 8: Our Legacy, Our Future
Our Legacy, Our Future From 1978 till today, through our fabrics Amongst India’s most renowned brands and and brands, we have carved a niche in the marketers of fabrics, readymade garments, hearts and minds of millions. and other textiles products. Strong brands & sub-brands like Siyaram, Operates f
Slide 9: We Improve. Grow. Accelerate
We Improve. Grow. Accelerate Phase Phase Phase Phase 02 03 04 01 Manufacturing Business Expansion Brand Creation Innovation & Asset Light Model 1978-1987 1991-2009 2013-2020 2021-2023 o Established in 1978 o Started brand promotion exercise o Siyaram’s voted as the most trusted o Launched DEN - KNIT
Slide 10: ~100 Mn Meters, ~1.85L sqft, ~4.5 Mn pieces
We serve multiple end markets.. 800+ ~100Mn Meters Distributors spread across pin codes Fabric Sold in FY24 245+ ~1.85Lsqft Stores Across Nation Retail Space ~4.5Mn pieces Apparels Sold in FY24 Distributors MBO’s Institutions 5 Mn and counting… Online Marketplace Exclusive Shops Customers Served *Co
Slide 11: …through Different Brands and Sub-Brands
…through Different Brands and Sub-Brands FABRICS GARMENTS 11
Slide 12: …through serving Different Customer Needs
…through serving Different Customer Needs 12
Slide 13: …through our Innovative Offerings
…through our Innovative Offerings BLENDED BAMBOO TERRY RAYON SUITING KNIT INDIGO JET BLACK COLLECTION KNIT WEAR FABRIC FABRIC The urge to innovate, the quest for artisanal fabrics, and the transmission of exceptional know-how have enabled the creation of world-class bamboo cotton fabric clothing in
Slide 14: …through Brand Ambassadors
…through Brand Ambassadors …endorsing our Brands over the years 14
Slide 15: …through Our Expertise in Every Facet of the Production Process
…through Our Expertise in Every Facet of the Production Process “An optimum mix of In-house and Outsourcing makes it a scalable and Asset-light model” Warping section hosts Bromas (Robotic), Karl Mayer and Benninger (Switzerland) Daman Amravati Silvassa Tarapur Weaving technology like Rapier: Picano
Slide 16: …through In-house Design Studio and Top-Notch Technology
…through In-house Design Studio and Top-Notch Technology In-house Design Studio Every dream is distinct, and we ensure that our teams, the creative vision, materials, and craftsmen all work together to create a unique translation. We uphold the highest standards for materials, perfect lines, and met
Slide 17: …through our Global Presence
…through our Global Presence Export Regions ✓ Australia ✓ Bahrain ✓ Bangladesh ✓ Canada ✓ Colombia ✓ Dubai ✓ Egypt Cadini Sales ✓ Germany Regions ✓ Hong Kong ✓ Austria ✓ Indonesia ✓ Belgium ✓ Japan ✓ Canada ✓ Jordan ✓ Cote d’Ivore ✓ Kuwait ✓ Egypt ✓ Malaysia ✓ France ✓ Mexico ✓ Great Britain ✓ Nepal
Slide 18: Our Organization
Siyarams Our Organization
Slide 19: Our Vision, Mission & Values
Our Vision, Mission & Values VISION MISSION To be the preferred partner to every stakeholder in the textile To provide quality products and to be a name, synonymous with and fashion industry by delivering high quality fabrics, high fashion in India and across the globe implementing design-driven inn
Slide 20: Our Leadership Team
Our Leadership Team Ramesh Poddar Pawan Poddar Shrikishan Poddar Gaurav Poddar Chairman & Managing Director Joint Managing Director Executive Director Executive Director Mr Ramesh Poddar is a stalwart of textile Mr Pawan Poddar’s vision from the beginning Mr Shrikishan Poddar established the Exports
Slide 21: Our Experienced Board
Our Experienced Board SHRI. SACHINDRA N. SHRI. CHETAN S. SHRI. DEEPAK R. SMT. MANGALA R. DR. ASHOK N. CHATURVEDI THAKKAR SHAH PRABHU DESAI He is a Fellow member of the ICAI, a He is a Graduate and has done his LLB He is a Graduate and a Fellow member She is a Postgraduate in Commerce, a He holds a P
Slide 22: Testimony to our Success
Testimony to our Success Guinness World Awarded as India's Awarded as The Next Records for creating Most Attractive 500 by Fortune India World’s most viewed Brands by Trust livestream Research Advisory Ranked amongst Top Awarded as Most Felicitated as Iconic 100 Franchise Trusted Brand by ET Brands
Slide 23: Our Advertising & Marketing Initiatives
Our Advertising & Marketing Initiatives 23
Slide 24: Our Social & Sustainability Initiatives
Our Social & Sustainability Initiatives Conducted Tailoring Workshops across 8 Disease Prevention Equipments at Blind Cricket Tournament 2024, Mumbai states Tata Memorial, Mumbai World Environment Day, Tarapur Yoga Day Campaign, Mumbai Green Energy Initiatives, Tarapur & Silvassa 24
Slide 25: Our Strategic Priorities
Siyarams Our Strategic Priorities
Slide 26: Strategic Priorities
Strategic Priorities 01 Strengthen Network Distribution 04 Expand Stores through Franchise Model 02 Manufacturing through Outsourcing Partners 05 Focus on Innovation & Quality Experience 03 Leverage Siyaram’s Brand 06 Promote Tailoring in the Community 26
Slide 27: Franchise Model: Win-win Proposition
Franchise Model : Win-win Proposition Partnering with Siyaram's shop will provide a lucrative & sustainable business model and unmatched growth opportunities BRAND’S LEGACY WARDROBE SOLUTION MULTIPLE BRANDS WIDE TARGET AUDIENCE FRANCHISE Of over 4 decades Fashioning Modern Man Under One Roof Right f
Slide 28: Outcome of Strategic Actions
Outcome of Strategic Actions Return on Capital Employed % Asset Turnover ratio (x) * Adjusted for cash & Investments 1.39 1.41 31.8 32.6 1.29 1.13 23.2 0.80 13.1 3.6 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Equity % Net Debt Calculation (₹ in Mn) Long Term Cash & Investments 24.8
Slide 29: Other Focus Areas
Other Focus Areas New Marketing Approach Our traditional marketing strategy garnered positive results in the domestic market, developing a vast network and penetrating tier-I, tier-II and tier-III cities. Now, it aims to attract online shoppers by targeting the digital space. Enhance the consumer ex
Slide 30: Our Financial Performance
Siyarams Our Financial Performance
Slide 31: Revenue Break-up
Revenue Break-up (in ₹ Million) (in %) * excl INR 826 mn of one * excl INR 826 mn of one time export order time export order 6% -2.8% 5% 21,467 5% 13%* 13% 20,872 1,357 1,069 19,031 7% 14% 917 2,915* 2,735 16,980 1,144 2,574 20% 3,452 7% 10,875 11% 758 77% 82% 1,164 82% 17,195 17,068 15,540 73% 12,3
Slide 32: Businesswise Performance
Businesswise Performance (₹ in Mn) Fabric Garments ✓ Value growth led by better Product Mix -0.7% -6.2% excl. One off exports 17,195 3,741 - Sale of Premium Fabrics was higher in 17,068 -5.4% the last fiscal year -1.6% 0.6% 0.9% -22.1% ✓ Exports contributed 9% of the Revenues in FY24 2,735 ✓ Raw Mat
Slide 33: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ in Mn) FY22 FY23 FY24 Revenue from Operations 19,031 22,293 20,872 Cost of Goods Sold 10,739 12,971 12,106 Employee Expenses 1,595 1,791 1,723 Other Expenses 3,353 3,842 4,195 EBITDA 3,343 3,689 2,849 EBITDA Margin (%) 17.6% 16.5% 13.6% Other Income 345 402 376
Slide 34: Balance Sheet
Balance Sheet Equity & Liabilities (₹ in Mn) FY22 FY23 FY24 Assets (₹ in Mn) FY22 FY23 FY24 Non-Current Assets Equity Property, plant and equipment 4,728 4,512 4,522 Equity Share Capital 94 94 91 Capital Work-in-Progress 24 54 187 Other Equity 9279 11315 11319 Other Intangible Assets 5 4 4 Total Equ
Slide 35: Cash Flow Statement
Cash Flow Statement Particulars (₹ in Mn) FY22 FY23 FY24 Cash Flow from Operating Activities Profit before Tax 2868 3316 2471 Adjustment for Non-Operating Items 630 472 488 Operating Profit before Working Capital Changes 3498 3788 2959 Changes in Working Capital -2373 -720 -1096 Cash Generated from
Slide 36: Consistent Returns to Stakeholders since Listing
Consistent Returns to Stakeholders since Listing FY20 FY21 FY22 FY23 FY24 VALUE CREATION FOR ₹ 48.6 Cr ₹ 21.5 Cr ₹ 43.1 Cr ₹ 51.6 Cr ₹ 108 Cr Buyback (Post Tax) SHAREHOLDERS Dividend Outlay Dividend Outlay Dividend Outlay Dividend Outlay ₹ 49.9 Cr Dividend Outlay +Buyback: Rs. 108 Cr Robust sharehol
Slide 37: Key Takeaways
Key Takeaways Well Recognized Brand Debt to Equity Asset Light Model Right Portfolio Mix Well recognised Debt to Equity of 0.17x Asset-light approach Well balance range of brand– “Coming with asset light strategy for manufacturing & products, catering to home to Siyaram” is a for future expansion di
Slide 38: Thank You
Company : Siyaram Silk Mills Limited www.siyaram.com Mr. Surendra Shetty Chief Financial Officer Surendra.shetty@siyaram.com Investor Relations Advisors : THANK YOU Orient Capital (a division of Link Group) Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in Mr. Amar Yardi +91 7045121239 ama