Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — H1 FY24 Earnings Presentation
41 slides from Indo Count Industries's earnings presentation, Nov 6, 2023
Slide 1: Exchange filing cover letter
Ref No.: ICIL/16/2023-24 November 06, 2023 National Stock Exchange of India Ltd. BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Floor 25, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Company Symbol :
Slide 2: Indo Count Industries Limited Q2 & H1FY24 Investor Presentation
Indo Count Industries Limited Q2 & H1FY24 Investor Presentation
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indo Count Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Chairman's Message
CHAIRMAN’S MESSAGE Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said, “Our robust performance, achieving Rs. 1000cr + quarterly revenue for the 1st time in the company’s history, showcases our distinct strategic vision and the enduring strength of our capabilities. Being the l
Slide 5: Strong volumes in Q2 & H1 FY24, increasing guidance for FY24
STRONG VOLUMES IN Q2 & H1 FY24… INCREASING GUIDANCE FOR FY24 in million metres 85-90 90-100 +40% +23% 28.7 48.7 74.7 39.6 20.5 Q2FY23 Q2FY24 H1FY23 H1FY24 FY23 Old Guidance Revised Guidane YoY Performance FY23 Performance & FY24 Guidance ✓ Revised FY24 Volume Guidance stands at 90 - 100 Mn. Mtrs. wi
Slide 6: Highest ever revenue milestone of Rs. 1000 crs+ in Q2FY24
ACHIEVED MILESTONE OF RS. 1000 CRS+ REVENUE DURING Q2FY24 HIGHEST EVER Quarterly & Half Yearly Quarterly & Half Yearly REVENUE EBITDA Particulars (Rs. Crs.) Q2FY24 Q2FY23 YoY% H1FY24 H1FY23 YoY% FY23 Total Income 1,033 849 22% 1,780 1,571 13% 3,043 EBITDA 189 120 58% 319 261 23% 486 EBITDA Margin 18
Slide 7: Key Highlights
KEY HIGHLIGHTS RECORD BREAKING PERFORMANCE CAPEX UPDATE GEOGRAPICAL EXPANSION Q2 FY24 Started Production: New Customer addition : ✓ 40% Volume Growth ✓ Fashion Bedding (TOB unit) ✓ Across Australia, Japan and UAE ✓ Rs. 1,000 Crs + Revenue ✓ New Spinning unit for captive ✓ Focusing on diversifying co
Slide 8: Continuous efforts to mitigate challenges & deliver sustainable performance
CONTINUOUS EFFORTS TO MITIGATE CHALLENGES & DELIVER SUSTAINABLE PERFORMANCE Empowering Growth Through Strategic Investments and Efficient Management Healthy Gross Margin : Leveraging the power of a Accomplished by enhancing value trusted brand: creation and formulating raw Well established product p
Slide 9: Driving operational efficiency
ENHANCING ESG TO GEAR FOR FUTURE GROWTH ▪ Seamless Integration: Collaboration with Global MNC for an integrated IT system connecting all plants for streamlined operations Digital Transformation ▪ Enhanced Customer Services: Digitization efforts aimed at serving customers more efficiently, leading to
Slide 10: Q2 & H1 FY24 Consolidated Profit & Loss Statement
Q2 & H1 FY24 CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crs.) Q2FY24 Q2FY23 YoY% Q1FY24 QoQ% H1FY24 H1FY23 YoY% FY23 Total Income 1,033 849 22% 747 38% 1,780 1,571 13% 3,043 EBITDA 189 120 58% 130 45% 319 261 23% 486 EBITDA Margin (%) 18.3% 14.1% 420 bps 17.4% 86 bps 17.9% 16.6% 135 bps 1
Slide 11: Consolidated Balance Sheet Statement
CONSOLIDATED BALANCE SHEET STATEMENT ASSETS (Rs. Crs.) Sept-23 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Sept-23 Mar-23 Non-Current Assets Equity Property, Plant & equipment 1,241 1,039 Equity Share Capital 40 40 Capital Work in progress 14 180 Other Equity 1,901 1,753 Right of Use 50 57 Non-Controll
Slide 12: Cash Flow Statement
CASH FLOW STATEMENT Particulars (Rs. Crs.) Sep-23 Sep-22 Profit before Tax & Exceptional 248 194 Adjustment for Depreciation & other items 50 61 Operating profit before working capital changes 298 254 Changes in working capital -169 132 Cash generated from operations 129 386 Direct taxes paid (net o
Slide 13: Consistent Performance
COSISTENT PERFORMANCE Total Income (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 2,932 3,043 524 359 486 2,557 415 277 249 1,780 319 188 FY21 FY22^ FY23 H1FY24 FY21 FY22^ FY23 H1FY24 FY21 FY22^^ FY23 H1FY24 NET DEBT/EQUITY(x) ROE ROCE 0.57 22.3% 22.5% 21.3% 21.7% 19.4% 19.4% 17.7% 15.4% 0.33 0.33 0.28
Slide 14: Our Journey of Resilience & Growth
OUR JOURNEY OF RESILIENCE & GROWTH ICIL established Acquired Bed Linen Enhanced capacity to ▪ With Bhilad unit acquisition Total Bed Linen Commencement of Pranavaditya capacity 90 mn meters Capacity increased to 153 Mn meters Spinning Operations Spinning Mills increased to Launched brand ▪ Brownfiel
Slide 15: Leadership Position
LEADERSHIP POSITION Our strategy of being a ‘Focussed’ and ‘Customer centric’ organisation has taken us to a leadership position Focused business approach Our extensive product portfolio Growing into a stronger Trusted and Innovative aids in better understanding assists us in providing customers cor
Slide 16: Industry Overview
NDO COUNT Complete Comfort
Slide 17: USA Home Textiles Market Dynamics
USA HOME TEXTILES MARKET DYNAMICS US imports of Cotton Sheets US imports of Cotton Pillowcases US imports of Cotton Bedspread India Pakistan China ROW 11.8% 13.9% 10.9% 12.2% 9.3% 13.0% 13.8% 12.1% 12.6% 10.9% 9.3% 10.9% 12.2% 13.5% 17.3% 11.9% 11.6% 12.9% 19.3% 14.1% 14.5% 16.3% 14.1% 16.1% 18.8% 2
Slide 18: USA Retail Sales Update
USA RETAIL SALES UPDATE ❑ Retail sales continued to grow in September even as consumers faced continuing economic pressures ❑ September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing g
Slide 19: Textile Industry Trends
TEXTILE INDUSTRY TRENDS Global Home textile market is expected Major exports markets for home textiles Domestic Home Textile Market Scenario to reach $60bn by 2025 13 (in $ Bn) 60 (in $ Bn) 51 ROW 35% USA 8 31% 7 Europe 4 34% 2 2020 2025E 2005-06 2010-11 2019-20 2020-21E 2025-26P Source - Industry,
Slide 20: Advantage India: China+1 Strategy, Free Trade Agreements
ADVANTAGE INDIA CHINA + 1 STRATEGY ▪ ‘China Plus One’ has led to several western countries looking at alternate markets FREE TRADE AGREEMENT GOVERNMENT INITIATIVES ▪ Government of India executed FTAs with ▪ Governments initiatives such as Atmanirbhar Australia and UAE 01 Bharat, PLI schemes, textile
Slide 21: Company Overview
Bere ate a eT Se ae SS
Slide 22: About Us
ABOUT US The Largest Global Home Textile Bed Linen Company Domestic Business B2C & D2C brands Comprehensive product portfolio in the premium segment that comprises of bed sheets, fashion bedding, utility bedding and institutional bedding Our Forte ESG Focused Biodiversity Business Ethics Solar / Win
Slide 23: Our Global Footprint
OUR GLOBAL FOOTPRINT SERVICES (WORLD OVER) ▪ Product Development 10,000+ Employees UK ▪ EDI-based replenishment (Direct/Indirect) services USA ▪ Market Research UAE ▪ Total Supply Chain INDIA Solutions Corporate Office - Mumbai ▪ Inventory Planning • Showroom, Warehouse, E-com Manufacturing Plants -
Slide 24: Providing Complete Bedlinen Solution
PROVIDING COMPLETE BEDLINEN SOLUTION Bed Sheets Fashion Utility Institutional Bedding Bedding Bedding Flat Sheet Comforters & Duvets Mattress Pads, Basic white sheets Fitted Sheets Shams & Decorative Pillows Protectors, Pillows Shams & Pillows Pillow-cases Quilts, Coverlets Down Alt Comforters Bed S
Slide 25: Overview of B2C & D2C
ERE RUES LE eek NG ie BR XESS
Slide 26: Our Brand Portfolio
OUR BRAND PORTFOLIO OUR PORTFOLIO Focused digital presence in US, Europe, Middle-East and India E-commerce & Other Digital Domestic Business Channels FY22 7% of Revenue FY22 2% of Revenue Current focus on FY23 10% of Revenue FY23 2.5% of Revenue Shift from Ambitious 5 Year Brand building Traditional
Slide 27: Licensed Brand Tie-ups
LICENSED BRAND TIE-UPS LAUNCHED HEALTH & WELLNESS GLOBAL BRAND - GAIAM PARTNERSHIP WITH A LICENSED BRAND, JASPER CONRAN an industry-leading health & wellness brand FOR AN EXCLUSIVE BED AND BATH COLLECTION, www.jasperconran.com/collections/home ✓ The GAIAM home collection is an extensive range of ✓ T
Slide 28: Jasper Conran Collection
JASPER CONRAN COLLECTION 27
Slide 29: Brand Promotion Activities Conducted During the Quarter
BRAND PROMOTION ACTIVITIES CONDUCTED DURING THE QUARTER Promoting the brand through various channels Visual Merchandising Influencer Activities TV Commercials In-store branding for visibility Promoted Essential category products via Product presence in Major leading in retail store influencers Telev
Slide 30: Boutique Living – A Premium Brand
BOUTIQUE LIVING – A PREMIUM BRAND WITH EXQUISITELY CRAFTED BED LINEN DESIGNS Boutique Living is a brand for the well-heeled Indian with superior aesthetic sense and who have refined taste both in the interiors and bed linens. With a robust R&D, technical know-how and in-house production, Boutique Li
Slide 31: Layers – Affordable Bed Linen Brand
LAYERS – AFFORDABLE BED LINEN BRAND WITH MASSIVE ARRAY OF PRODUCTS Layers represents a remarkable combination of global designs and value pricing enabling customers to decorate their homes the way they desire Developed using cutting-edge technologies, Layers boasts of designs with contemporary & ele
Slide 32: Sustainability Is in Our DNA
SUSTAINABILITY IS IN OUR DNA
Slide 33: Sustainability Initiatives
SUSTAINABLITY INITIATIVES • Indo Count is determined to protect the planet and people by contributing to climate change reduction by adopting of more Dyes from Natural Waste Extract renewable energy resources. To foster our sustainable offerings, we are • ICIL maintained CDP performance on one of th
Slide 34: Sustainability Initiatives
SUSTAINABLITY INITIATIVES Member at UNITED NATIONS GLOBAL COMPACT CEO study on Sustainability for 2022 Our Scientific approach to climate action - JOINING SBTI Indo Count is a member at United Nations Global Compact and the Company is committed to integrating UNGC’s Principles into the organizationa
Slide 35: Sustainable Raw Material Sourcing Initiatives
SUSTAINABLE RAW MATERIAL SOURCING INITIATIVES Gagan Avani Anant Total No. of Farmers Covered 50,000+ • Project Gagan aims to • Project Avani was • Project Anant is a employ long-lasting created to promote collaboration with CITI- alternatives to current sustainable social CDRA. Many of the agricultu
Slide 36: ESG Initiatives
ESG INITIATIVES Environmental The Way Ahead • Added renewable energy through solar project • Recycling and reuse of water through modernized ETP plant GHG Emissions • Conservation of water resources Reduce Scope 1 & 2 GHG • Reduction in the use of plastic & Recycling of plastic waste emissions by 33
Slide 37: CSR Initiatives
CSR INITIATIVES 1 2 Education Healthcare We provide improved infrastructure; We facilitate free health check-ups in remote area support 130+ schools, educate the villages/slum areas by providing preventive and curative specially-abled and facilitate them with healthcare programs, where we have treat
Slide 38: Awards & Recognition
AWARDS & RECOGNITION
Slide 39: Awards & Recognition
AWARDS & RECOGNITION Best CSR in Healthcare (Implementing Organization) - Conferred by ASSOCHAM ICIL Foundation, the CSR arm of Indo Count Industries Ltd., has been recognised by ASSOCHAM at the 2nd Healthcare Summit and Awards 2023. The Foundation secured the 2nd Runner up position in the Healthcar
Slide 40: Awards & Recognition
AWARDS & RECOGNITION CII NATIONAL AWARD NIRYAT SHREE AWARD 2020-21 FEMINA POWER BRANDS 2022-23: LAYERS ICIL received a national level award for Excellence in ICIL has been awarded the “Niryat Shree Gold Water Management, conferred by the Confederation of Our Domestic brand Layers recognized as the T
Slide 41: Contact Us
CONTACT US Company : Investor Relations Advisors : Indo Count Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L72200PN1988PLC068972 CIN: U74140MH2010PTC204285 Mr. K.R. Lalpuria, Executive Director & C.E.O Ms. Manasi Bodas kklalpuria@indocount.com manasi.bodas@sgapl.net | +91 9821043510 M
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