PC Jeweller Ltd. · NSE:PCJEWELLER
PC Jeweller — Q4 FY2017 Earnings Presentation
27 slides from PC Jeweller's earnings presentation, May 25, 2017
Slide 1: Cover letter to stock exchanges: Management Presentation
Slide 2: PC Jeweller Ltd Results Presentation
PC Jeweller Ltd Results Presentation May 25th, 2017
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PC Jeweller 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 securitie
Slide 4: Financial Updates
Financial Updates
Slide 5: Q4 & FY17 Performance highlights
Q4 & FY17 Performance highlights Q4 2017 Domestic EBITDA : Rs 184 crores ( 29.9% growth over Q4 2016) Q4 2017 Domestic Retail Sales : Rs 1,603 crores (22.3% growth over Q4 2016) Q4 2017 Total PAT : Rs 110 crores (39.8% growth over Q4 2016) FY 2017 Sales: Rs. 8,099 crores (11.99% growth over FY 2016)
Slide 6: Q4 & FY17 Performance highlights
Q4 & FY17 Performance highlights Rs Crs PAT SALES +40% +15% 1,871 2,155 110 79 Q4FY16 Q4FY17 Q4FY16 Q4FY17 Sales PAT +12% +8% 8,099 399 431 7,232 FY16 FY17 FY16 FY17 *The FY 2016 figures have been restated to conform to IND AS norms
Slide 7: Financial Highlights: Profit & Loss Statement
Financial Highlights: Profit & Loss Statement Particulars (Rs. Crores) Q4 FY 2017 Q4 FY 2016* FY 2017 FY 2016* Revenue from Operations 2,155 1,871 8,099 7,232 Domestic Retail 1,603 1,311 5,333 5,140 Exports 552 560 2,766 2,092 Gross Margins (%) 13.46% 11.79% 13.00% 13.76% Domestic Retail 15.97% 14.1
Slide 8: Financial Highlights: Balance Sheet
Financial Highlights: Balance Sheet Particulars (Rs. Crores) FY 2017 FY 2016* Shareholders Equity 3,367 2,410 Share Capital 179 179 Reserves & Surplus 3,188 2,231 Total Debt 698 944 Long Term Borrowings 58 58 Short Term Borrowings 634 881 Trade Payables 2,807 2,162 Other Liabilities 352 225 Fixed As
Slide 9: Highlights: Domestic Retail
Highlights: Domestic Retail Particulars (Rs. Crores) Q4 FY 2017 Q4 FY 2016* FY 2017 FY 2016* Revenue 1,603 1,311 5,333 5,140 Gross Margins 15.97% 14.16% 16.34% 16.01% Expenses (% of total Revenue) Employee Expenses 1.02% 1.01% 1.37% 1.20% Advertisements 0.89% 0.32% 0.59% 0.81% Rentals 1.18% 0.87% 1.
Slide 10: Highlights: Export Business
Highlights: Export Business Particulars (Rs. Crores) Q4 FY 2017 Q4 FY 2016* FY 2017 FY 2016* Revenue 552 560 2,766 2,092 Gross Margins 6.15% 6.26% 6.55% 8.22% Expenses (% of total Revenue) Employee Expenses 0.57% 0.57% 0.20% 0.41% Advertisements - - - - Rentals - - - - Other Costs 0.22% 0.05% 0.15%
Slide 11: Business Updates
Business Updates
Slide 12: Business Updates
Business Updates • Change is the only Constant. This financial year has seen many new regulations • PAN Card requirement for any sales above Rs 2 lac • imposition of excise duty for the first time on the jewellery industry • demonetization announcement in Q3 • imposition of import duty by UAE on its
Slide 13: Business Updates
Business Updates • The recent government policy initiatives like compulsory hallmarking, demonetisation , curbing black money menace, streamlining of corporate taxes & regulations and implementing GST has turned the tables on the unorganized sector of the Indian economy. We feel that these reforms,
Slide 14: Business Updates
Business Updates • The company had opened its first franchisee store at Gwalior in October 2015 and now has stabilized its strategy. Franchisee stores provide an excellent way to grow without investing any capital and is therefore a great ROE accretion tool as well. The Franchisee vertical will rema
Slide 15: Financial Analysis- Overall
Financial Analysis- Overall • Revenue • The company sales for the FY 2017 grew in both segments-domestic as well as exports. Total sales for the FY 17 were Rs 8,099 cr (11.99% growth over FY 2016) • The ratio of export sales to the total revenue has increased, mainly because of the disruption in the
Slide 16: Financial Analysis- Domestic
Financial Analysis- Domestic • Domestic Sales • Domestic Retail Sales witnessed an overall yoy growth of 3.77% for FY 2017 • Q1, Q2 & Q4 were fairly good quarters • Q3 was a degrowth quarter due to adverse effect of demontization, However the effects of demonitization are now over and the normalcy i
Slide 17: Financial Analysis- Export
Financial Analysis- Export • Export Sales • We have been in the export business for a fairly long time and focus has been on handmade designer gold jewellery. • This is a B2B business. • Margin Analysis • Steady state export margins are ~6% - 8%. FY 2017 margins have been inline at ~6.55% • The rupe
Slide 18: …With PAN India Presence
…With PAN India Presence Jammu 75 showrooms (3,86,923 sq. ft.) Amritsar Panchkula Yamuna Ludhiana Chandigarh Nagar 58 cities and 18 states Dehradun Hissar Sonipat Haridwar Sri Ganganagar Rohtak New Delhi Ghaziabad (3) Noida Exclusive lounges at 10 Gurgaon (14) Bareily (2) Siliguri showrooms Faridaba
Slide 19: New Stores & Collections
New Stores & Collections
Slide 20: New Showrooms (Q4 2017)
New Showrooms (Q4 2017) Allahabad, UP Nangloi, New Delhi Sonipat, Haryana
Slide 21: New Showrooms (Q4 2017)
New Showrooms (Q4 2017) Aligarh, UP Alwar, Rajasthan
Slide 22: New Showrooms (Q4 2017)
New Showrooms (Q4 2017) Logix Mall, Noida, UP Dwarka, New Delhi
Slide 23: Azva
Azva azine Ad_213(w) x 276(H)MM_May_415863 Vogue Maj Vogue Magazine Ad_213(w) x 276(H)MM.
Slide 24: Successfully running Collections
Successfully running Collections
Slide 25: Successfully running Collections
Successfully running Collections
Slide 26: New Collections Launched in Q4 FY17
New Collections Launched in Q4 FY17
Slide 27: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PC Jeweller Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L36911DL2005PLC134929 CIN: U74140MH2010PTC204285 Mr. Sanjeev Bhatia Mr. Rahul Agarwal/ Mr. Shrikant Sangani Email: sanjeev.bhatia@pcjeweller.com rahul.Agarwal@sga