Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q3 FY2023 Earnings Presentation
28 slides from Relaxo Footwears's earnings presentation, Feb 6, 2023
Slide 1: Stock exchange filing letter for investor presentation
FPELAXO February 06, 2023 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Department | Listing Department, fist Floor New Trading Exchange Plaza, Rotunda Building, P J Towers Bandra Kurla Complex, Dalal Street Fort, Mumbai—400001 Bandra (East), Mumbai- 400 051 Scrip Code — 5305
Slide 2: Investor Presentation Q3 & 9M FY23
FRELAXO E INVESTOR Pai PRESENTATION v | <0 Q3 & 9M FY23 COMMITTED TO PROVIDE February 2023 BEST-IN-CLASS FOOTWEAR
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Relaxo Footwears 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 secu
Slide 4: Index
Index Page No. 1. Performance at a glance 4 2. Industry Overview 11 3. Company Overview 13 4. Financial Highlights 22 Slide 3 of 29 PELAXO
Slide 5: Performance at a Glance
Performance at a Glance
Slide 6: Financial Highlights — Profit and Loss
Financial Highlights — Profit and Loss (= in Cr.) Revenue EBITDA EBIT 21.0% 7.0% 157% 12.8% 17.3% 12.3% = 2,653 409 416 408 c 309 326 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 1h 1B OK aK 108% 13.2% 12.7% 9.1% >_ oO am 122 111 8 98 OS i) 698 68 86 88 5 667 «670 1 59 ” 60 5 Q3FY22 i Hee Q4FY22 Qi1
Slide 7: Financial Highlights — Profit and Loss (PBT, PAT, Cash PAT)
Financial Highlights — Profit and Loss (2 in Cr.) PBT PAT Cash PAT 16.6% 12.49 12.1% e 11.7% 14.1% 17.5% 13.0% 94% 8.8% - —2. 292 Annual 413 391 226 a 233 341 a 346 a : FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 12.6% 12.1% 9.4% 9.0% 13.7%9, 12.6% 10.4% 9.8% 8.0% ° 5.8% 9 aay 44% a "4.5% 6.0% ee Q
Slide 8: Operating Highlights
Operating Highlights Number of Pairs Sold (in Cr.) Average Realization per pair (in z) Credit Rating ro 19.1 150 =c 17.9 17.5 Rating agency : ICRA “ i [ : : ; Long term > AA FY20 FY21 FY22 FY20 FY21 FY22 Outlook : Stable 172 = So 4.5 4.2 41 169 Short term : Al+ LSan 38 39 164 164 ; i 163 rr) 5 oO Q3
Slide 9: Financial Highlights — Balance Sheet
Financial Highlights — Balance Sheet (% incr) Net Debt CAPEX Net Worth 17 1572 1 1760-1763 1 146 vo fel fe oe 5101 — 1272 60 -344 FY20 FY21 FY22 H1FY23 FY20 FY21 FY22 H1iFY23 Capital Employed Cash generated from operations Net Debt/EBITDA (x) 1800 1807 0.04 1595 602 1316 402 FY20 FY21 FY22 H1FY23 FY
Slide 10: Financial Highlights — Key Financial Ratios
Financial Highlights — Key Financial Ratios Current Ratio (x) Debtor Turnover Ratio (x) Interest Coverage (x) 2A 2.6 12.5 23.9 113 1.9 18.3 Z 7 Z 7 a 7 Z FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 ROE (%) ROCE (%) Dividend (3 in Cr.) 28.0% 250% 250% 49.0% 20.5% 24.3% 125% . 19.2% 14.0% 62 62 , a a
Slide 11: Financial Highlights — Key Financial Ratios
Financial Highlights — Key Financial Ratios Market Cap (3% in Cr.) EV/EBITDA (x) PE Ratio (x) 26,544 21,773 64 114 ae 7 Z : a 7 : 7 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 Enterprise Value (3_in Cr.) EPS (in ) Fixed Asset Turnover Ratio (x) 26,557 11.7 2.9 -885 FY20 FY21 FY22 FY20 FY21 FY22 FY2
Slide 12: Industry Overview
Industry Overview
Slide 13: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Strong growth potential of the Indian footwear industry Global Footwear Market Size# Indian Footwear Market Size* Per Capita Consumption (Pairs)“ | Top 5 Global Footwear Consumers* (In USS billion) (In Rs. billion) (Pairs) (in million pairs) 6.5 Sh
Slide 14: Company Overview
Company Overview
Slide 15: Moving Forward, Gaining Momentum
Moving Forward, Gaining Momentum. FRELAXO Corporate BEST IN Launched Flite and Renewable power Casatity of revamped PERFORMANCE SoOoMWw Revenue: Soam’ brands Revenue: 1,651.97 Crore First COCD store launched 553.70 Crore Tre excellence is a vay that exudes posithvity and sets Revenue: standards for
Slide 16: Brands
FLITE H SAR UTHA, KADAM BADHA, ye LS PELAXO
Slide 17: Distribution network
60,000+ ~650 Retailers/MBOs Distributors 384 ws 30 EBOs Countries Exported to 1 Overseas office in Dubai amazon PELAXO
Slide 18: Sustained manufacturing excellence, certification & innovation
Sustained manufacturing excellence, certification & innovation Strong in-house manufacturing capabilities eats titel ats ¢ 8 manufacturing facilities with a capacity to produce ~10 Lac pair/day. ¢ ISO 9001:2015 Continuous focus on optimising operations * ISO 14001:2015 — Dedicated line for manufactu
Slide 19: Board of Directors
Board of Directors Executive Directors Ramesh Kumar Dua, Managing Director Mukand Lal Dua, Whole Time Director = Over 46 years of experience in strategic, sales and marketing, production = Over 49 years of experience in manufacturing excellence in footwear and new product development in footwear ind
Slide 20: Board of Directors
Board of Directors Independent Directors Pankaj Shrimali, Independent Director Deepa Verma, Independent Director =" Over 37 years of experience in areas of finance, accounts, secretarial, = Over 33 years of experience in academic administration. corporate management, legal & corporate consultancy se
Slide 21: And a strong management team
And a strong management team Mr. Ritesh Dua, Mr. Nitin Dua, Mr. Ashish Srivastava , Executive VP - Finance Executive VP - Retail VP — Human Resources MBA having over 22 years MBA having over 18 years MBA having over 24 years of experience in Finance, HR of experience in Retail of experience in HR, &
Slide 22: Key Strengths
Key Strengths Corporate Governance Distribution Customer Network First Brand Equity Adaptability Product Manufacturing Innovation Excellence PELAXO
Slide 23: Financial Highlights
Financial Highlights
Slide 24: Statement of Profit & Loss
Statement of Profit & Loss Particulars (INR Cr.) Q3FY23 Q2FY23 Q3FY22 9MFY23 1 72 FY22 Revenue from Operations 681.03 669.65 743.52 2017.83 1955.08 2653.27 Other Income 4.42 5.66 5.47 14.25 17.81 23.72 Total Income 685.45 675.31 748.99 2032.08 1972.89 2676.99 Cost of Materials Consumed, including pa
Slide 25: Notes to the results
- The above results were reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on February 4, 2023. The Statutory auditors have conducted a limited review of the above unaudited financial results and have expressed an unmodified report on the same. -
Slide 26: Shareholding as on 31st Dec, 2022
Shareholding as on 31% Dec, 2022 Total Shareholders — 361,927 Shareholder Information as on = Promoter & Promoter Group 315t December, 2022 Mutual Funds BSE Ticker 530517 = Foreign Portfolio Investors NSE Ticker RELAXO Others Market Cap (8 in Cr) 22,654 % Free- float 29.0% Shares Outstanding (in Cr)
Slide 27: Awards and Accolades
Awards and Accolades dun&bradstreet , — business|today) India’s Most Valuable Company-2019 Amongst India’s Rank 220 Top 500 Companies 2021 FROST SULLIVAN é India Manufacturing ETS00- India’s Top S00 Company-2079 FORTUNE ~ EEE fe Excellence Awards Rank 478 India's Top Mid Size 2019 Company-2019 Rank
Slide 28: Thank You
Thank You