Slide 1: Cover letter to stock exchanges
Ref. No.: RGL/S&L/2022/40 February 07, 2022 Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Sub.: Press R
Slide 2: Renaissance Global announces Q3 & 9M FY22 Results
PRESS RELEASE Renaissance Global announces Q3 & 9M FY22 Results Q3 FY22 Total Income stood at Rs. 775.0 crore higher by 26.4% Direct-to-Consumer business revenues up 77.5% to Rs. 48.9 crore EBITDA stood at Rs. 68.5 crore, with margins at 8.8% PAT improves to Rs. 33.0 crore Mumbai, February 07, 2022:
Slide 3: Adjusted 9M FY22 performance and management commentary
Note: *With effect from 1st Apr 2021, the Company has re-negotiated terms with most customers across its Plain gold division due to which, Renaissance is now recognizing only making charges as revenue for this business. The growth stated is on an adjusted basis 9M FY22 adjusted financial performance
Slide 4: Key Developments
opportunities in the high-potential global branded jewellery industry. All in all, we are optimistic about our growth prospects and opportunities in key international markets. Based on our strong performance for the quarter & financial year till date and in line with our dividend distribution policy
Slide 5: D2C website list
o Enchanted Disney Fine Jewelry – https://www.enchantedfinejewelry.com/ & https://enchantedfinejewelry.co.uk/ o Lab Grown Diamonds jewellery website - https://diamondsmadeforyou.com o Jewelili – https://www.jewelili.com o Star Wars Fine Jewelry - https://starwarsfinejewelry.com o Hallmark Diamonds -
Slide 6: About Renaissance Global Limited
About Renaissance Global Limited (Renaissance) Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), is a global branded jewellery player. Renaissance designs, manufactures, and supplies branded jewellery across key high-potential markets in USA, Canada, UK & key Asian markets. The prod
Slide 7: Results Presentation Q3 & 9M FY22
Results Presentation Q3 & 9M FY22
Slide 8: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations,
Slide 9: Content
Content Q3 & 9M FY22 Company Results Annexure Overview Overview 4 16 26 3
Slide 10: Q3 & 9M Results Overview
O Renaissance Global Limited Q3 & 9M Results Overview
Slide 11: Q3 & 9M Financial Summary
Q3 & 9M Financial Summary Total Income (Rs. Crore)* EBITDA (Rs. Crore) 5% 14% EBITDA 6.5% 8.8% 5.6% 9.8% Margin (%) 1,672.4 1,463.0 101% 42% 163.7 741.5 775.0 68.5 81.4 48.4 Q3 FY21 Q3 FY22 9M FY21 9M FY22 Q3 FY21 Q3 FY22 9M FY21 9M FY22 *With effect from 1st Apr 2021, the Company has re-negotia
Slide 12: Adjusted Financial Performance
Adjusted Financial Performance Adjusted PBT (Rs. Crore) YoY Particulars (Rs. crore) 9M FY22 9M FY21 173% Change (% ) 130.6 Reported PAT 85.1 30.6 178% 47.8 Add: Non Cash Expenses Amortization Expenses [1] 7.7 7.7 9M FY21 9M FY22 Non Cash Lease Expense [2] 7.3 0.4 Adjusted PAT (Rs. Crore) Tax effect
Slide 13: Management Message
Management Message Commenting on the performance for Q3 & 9M FY22, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said, “We are pleased to share that we have delivered a strong performance during the quarter on the back of improving demand environment in our key global markets
Slide 14: Key Developments
Key Developments Signs a strategic licensing partnership with America's most popular sports league, National Football League (NFL), having a multi-million fan base Through this agreement, Renaissance and the NFL will collaborate to design unique branded jewellery collection using NFL intellectual
Slide 15: Growing Direct to Consumer (D2C) Business
Growing Direct to Consumer (D2C) Business During Q3 FY22, D2C business posted revenues of Rs. 48.9 crore compared to Rs. 27.6 crore in Q3 FY21, growing by 78% YOY For the period 9M FY22, D2C business reported revenues of Rs. 94.3 crore compared to Rs. 42.2 crore in 9M FY21, growing by 123% YOY
Slide 16: Q3 & 9M Operational Summary
Q3 & 9M Operational Summary Revenue Mix (%) Revenue Break-up Q3 Q3 9M 9M Shift % Shift % (Rs. Cr.) FY22 FY21 FY22 FY21 25% 20% 23% 19% Branded Jewellery 196.3 150.6 30.4% 382.9 276.9 38.3% - B2B 147.4 123.1* 19.8% 288.6 234.6* 23.0% 58% 62% - D2C 49.0 27.6 77.6% 94.3 42.2 123.2% 68% 70% Customer bra
Slide 17: Q3 FY22: Financial & Operational Discussions (Y-o-Y)
Q3 FY22: Financial & Operational Discussions (Y-o-Y) Revenue Total income stood at Rs. 775.0 crore from Rs. 613.0* crore, higher by 26.4% Branded Jewelry business revenues up 30% YoY to Rs. 196 crore D2C business revenues grew by 78% to Rs. 48.9 crore led by contribution from new website launche
Slide 18: Robust Free Cash Flow Generation
Robust Free Cash Flow Generation Free Cash Flow Generation (Rs. Cr.) 113 54 194 Strong FCF generation over the last 2 -44 -351 years Branded Jewellery - a low capital- intensive business FY18 FY19 FY20 FY21 TTM Operating leverage & minimal capex spends to further improve FCF Cash, Cash Equival
Slide 19: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.76 0.52 0.51 Highly disciplined balance sheet 665 699 0.35 0.33 0.29 approach 558 833 843 926 503 364 Sharp reduction in net debt over the 286 295 242 305 years FY18 FY19 FY20 Dec-20 FY21 Dec-21 Net Debt to
Slide 20: Healthy Return Ratios
Healthy Return Ratios Return on Equity (%) 12.90% 13.50% 11.90% 11.45% TTM Return on Equity grew to 11.5% 6.00% vs Return on Equity for FY21 at 6% due to impact of Covid-19 FY18 FY19 FY20 FY21 TTM Branded business enjoys ROEs in the range of 22-25%. D2C business enjoys even higher ROEs Return on
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. crore) Q3 FY22 Q3 FY21 9M FY22 9M FY21 Change (%) Change (%) Revenues from Operations 773.9 739.9 4.6% 1,660.5 1,448.3 14.7% Other Income 1.0 1.6 -35.1% 11.9 14.8 -19.5% Total Income 775.0 741.5 4.5% 1,672.4 1,463.1 14.3% COGS 594.6 5
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Crores) Dec-21 Dec-20 Particulars (In ₹ Crores) Dec-21 Dec-20 Shareholder's Funds 925.8 833.1 Non-Current Assets Equity Share Capital 18.7 18.7 Fixed Assets – Tangible & Intangible 184.89 82.6 Reserves & Surplus 907.1 814.4 CWIP & Intangibles under develo
Slide 23: Company Overview
O Renaissance Global Limited Company Overview
Slide 24: Corporate Snapshot
Corporate Snapshot Global Jewellery Company focused on designing, manufacturing and distribution of branded jewellery 4 6 475 cr Licensing Direct-to- Branded jewellery agreements with Consumer revenues (Rs.) in global brands websites 9M FY22 Strong presence in global markets of North (annualised) Am
Slide 25: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Growing revenue contribution from Branded Jewellery Association with globally-recognized brands segment 23% Increased presence in high-potential key global 18% markets Renaissance’s Branded 13% Jewellery Better pricing on the back of branded products 10%
Slide 26: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Distribution Direct-to- Business Consumer (D2C) (B2B) 20
Slide 27: 'Win-Win' Partnership with Global Iconic Brands
‘Win-Win’ Partnership with Global Iconic Brands Renaissance Global Global Brands PUSH STRATEGY PULL STRATEGY Conceptualisation & design Licensing agreements Brand development Manufacturing IP rights of brands Long-term license contracts Product marketing Marketing Distribution Spec
Slide 28: Growing Portfolio of Brands
Growing Portfolio of Brands Licensed Brands Partnership with Hallmark since 2015 Licensing arrangement with Disney since 2016 with the launch of Enchanted Disney Fine jewellery Success of brand unlocked more licensing opportunities Launched Disney Jewels in October 2019 & Disney Treasures in
Slide 29: Growing Portfolio of Brands
Growing Portfolio of Brands Owned Brands Launched first India-focused retail brand IRASVA in 2019 Operates 3 IRASVA stores in India Jewelili, a play on affordable fine jewellery collection launched in February 2020 Distributed through Amazon platform in addition to its own website Made for
Slide 30: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline Successfully developed February July November November February May and launched 6 online stores in a span of 15 2020 2020 2020 2020 2021 2021 months Monthly visitors on websites grown 10x since (UK) Feb 2020 Segment enjoys higher margin
Slide 31: Growth Drivers
Growth Drivers Growing high-margin branded jewellery segment Extending licensing model to newer brands Expanding presence in key global geographies Widening Omni-channel distribution network Inorganic growth opportunities 25
Slide 32: Conclusion
Conclusion Play on high-potential global branded jewellery industry ‘Win-Win’ partnership with global iconic brands Footprint in huge developed & developing global markets for branded jewellery Increasing scale to drive operating leverage across distribution channels High margin & low-capital intens
Slide 33: Annexure
iO Renaissance Global Limited Annexure
Slide 34: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 70.8% Foreign Institutions (FPI, FII & 2.5% NRI) Individual - >1% 2.7% Others 24.0% *Holding as on 31st December 2021 As on Key Market Statistics 31-December-2021 BSE/NSE Ticker 532923/RGL CMP (Rs) 964.8 Market Cap (Rs Crore) 1,821.5 Nu
Slide 35: Conference Call Details
Conference Call Details Q3 & 9M FY2022 Earnings Conference Call Time • 02:30 p.m. IST on Wednesday, February 09, 2022 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number
Slide 36: About Us
About Us Renaissance Global Limited (Renaissance) is a global branded jewellery player. Renaissance designs, manufactures and supplies branded jewellery across key high- potential markets in USA, Canada, UK & key Asian markets. The product portfolio encompasses Branded Jewellery, Customer Brands & P
Slide 37: Thank You
CO Renaissance Global Limited Thank You