Singer India Limited · NSE:SINGERIND
Singer India — Investor Presentation (May 2019)
14 slides from Singer India's investor presentation, May 2019
Slide 1: Singer India Limited Investor Presentation
SINGER INDIA LIMITED INVESTOR PRESENTATION May 2019
Slide 2: Company Profile
Company Profile Industry Distribution of sewing products and home appliances Shareholder structure 2 Revenue1 US$69m / INR4.8bn (Listed on BSE since 1982) Foreign investors 1.0% Net income1 US$1.3m / INR92m Retail investors 36.0% Institutions/ Distribution points2 13,948 Bodies Corporate Number of e
Slide 3: Key Growth Drivers
Key Growth Drivers • Vast market size 1. Robust economic fundamentals • Low product penetration • 149 years in India 2. Strong brand • Strong brand recognition 3. Focused product portfolio • Sewing products • Home appliances • Over 13,900 sales points 4. Extensive distribution • Multiple sales chann
Slide 4: Focused product portfolio – Sewing products
Focused product portfolio – Sewing products Market share of 44% (branded sector) / 25% entire market2 Sewing machine unit sales 766,000 units1 Zig-Zag Straight Artisan model stitch model models Artisan 24% Total number of households in India 250 million Number of households owning a sewing machine (
Slide 5: Focused product portfolio – Home appliances
Focused product portfolio – Home appliances Vast market potential – Current market share 1% to 2% for each product category2 Air coolers Food processors Home Appliance Sales1 Units sales 1,155,3001 Washing Machines Fans Kettles 16% Fans 10% Geysers 10% Geysers Induction cookers Air Coolers Kettles 1
Slide 6: Sales mix % - Home appliance sales increasing
Sales mix % - Home appliance sales increasing 2019 2018 Home Home appliances appliances 30% 27% Sewing Sewing products products 73% 70% Home appliances expected to comprise 50% of revenue within 4 years Note: 1. For 12 months ended 31 March 6
Slide 7: Extensive distribution – Over 13,900 sales points
Extensive distribution – Over 13,900 sales points Retail 4% Wholesale • 3366 dealer sales points sewing • 400+ sewing schools Canteens 11% Internet / telesales 5% Wholesale • 8859 dealer sales points Wholesale 68% Exports appliances 1% Retail • 32 brand shops Institutional / MFI 11% 2019 sales value
Slide 8: Significant revenue growth (INR million)
Significant revenue growth (INR million) 6,000 Home appliances Sewing products 5,000 4,000 3,000 2,000 1,000 - 2013 2014 2015 2016 2017 2018 2019 Note: 1. Revenue for 12 months ended 31 March 8
Slide 9: Profitability ratios (INR million)
Profitability ratios (INR million) Gross profit Net profit 1,200 25% 100 5% 1,000 20% 80 4% 800 15% 60 3% 600 40 2% 10% 400 20 1% 5% 200 - 0% - 0% 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Net Profit IRS million % of revenue Gross Profit IRS million % of revenue Note: 1. For 12 months ended
Slide 10: Analysis of overheads as a % of revenue
Analysis of overheads as a % of revenue 25% Increased costs on account of: 20.7% 20.0% 20.0% • Sales and service infrastructure / 20% 16.7% 18.9% personnel required to further strengthen home appliance business, which has reached 15% critical mass in 2019 • Additonal distribution costs and commissio
Slide 11: Financials - Summary
Financials - Summary INR million (unless otherwise indicated) Income statement for 12 months ended March* 2019 2018 2017 2016 2015 Revenue 4,847 4,229 3,707 3,116 2,745 Revenue growth (%) 14.6% 14.1% 19.0% 13.5% Operating profit 141 119 95 100 78 Operating profit growth (%) 18.2% 25.3% -5.0% 28.2% N
Slide 12: Regular dividend flow
Regular dividend flow Dividend yield % and dividend per share note 1 Dividend % of net profit 4% 2 50% 40% 3% 30% 2% 1 20% 1% 10% 0% 0 0% 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 Dividend yield % Dividend per share (INR) Notes: 1. Based on the 12 months ended March share
Slide 13: Appendix 1 – Group structure
Appendix 1 – Group structure UCL Asia Retail Gavin Walker Partners LLP Holdings NV (Sewko CEO) 41.1% 54.1% 4.8% 100% 59.1% 1 Singer India Limited Board of Directors Paresh Nath Sharma Deepak Sabharwal Rajeev Bajaj Gavin Walker Madhu Vij Chairman (Independent Independent Director CEO & Managing Direc
Slide 14: Thank you
SINGER Thank you @SINGER