Timex Group India Limited · BSE:TIMEX
Timex Group India — Q4 FY2024 Earnings Presentation
48 slides from Timex Group India's earnings presentation, May 28, 2024
Slide 1: TIMEX
TIMEX
Slide 2: Timex Group India Limited Investor Presentation
Timex Group India Limited Investor Presentation May 28, 2024 2
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future Past performance may not be indicative of future performance. We do not undertake to publicly business prospects and business profitability, which are subject to a number of risks and update our for
Slide 4: Business Update
Business Update Improvement in financials over previous year • Brand Ambassador for Timex, Ananya Pandey, starred in the second campaign of Waste More Time • Timex continued its association with IPL through sponsorship of the Punjab Kings XI team • The Company launched a new brand Unltd. in E-Commer
Slide 5: Q4'FY24 Highlights
Q4’FY24 Highlights TIMEXGROUP
Slide 6: Waste More Time – with Brand Ambassador Ananya Pandey
Waste More Time – with Brand Ambassador Ananya Pandey New Campaign launch 6
Slide 7: IBFW x Timex
IBFW x Timex Timex presented the India Beach Fashion Week: 2 days fashion event with designers from across the country Fashion Influencer collab with Timex : Exclusive content pieces covering 2 days fashion event and capturing the brand Timex across touchpoints Key fashion influencers integrated the
Slide 8: IPL 2024 Partnership
IPL 2024 Partnership OFFICIAL TIMEKEEPER OF THE KINGS Timex participated in IPL 2024 through partnership with the Punjab Kings IPL Team as its official timekeeper 8
Slide 9: Timex x Raised By Wolves
Timex x Raised By Wolves In its second collab with the Canadian streetwear brand, Raised by Wolves, Timex introduced this classic field watch that combines durability and style – making it a solid choice whether you're hitting the streets or braving the wild. Case and fabric strap made from #tide oc
Slide 10: Guess Women's Day Event
Guess Women’s Day Event Guess watches celebrated She-Ro, with a Women’s Day activity at Mall of Asia, Bangalore Key fashion influencers attended the event and created content showcasing the store, and the SS’24 collection Total attendees – 50+ - media and influencers 10
Slide 11: Launch of Timex Tough
Launch of Timex Tough ssn, a i 74 WEDNESDAY i Uy a“ mien 9 TIMEXGROUP 1.43” AMOLED DISPLAY 466*466 PIXEL RESOLUTION [> fi 7+ DAYS BATTERY LIFE ATIMEXGROUP PRODUCT
Slide 12: Launch of Timex FitGen
Launch of Timex FitGen TIMEXGROUP FUNCTIONAL CROWN BLUETOOTH CALLING 100+ SPORTS MODE ALVOICE CONTROL TIMEX INTRODUCING TIMEX FitGen ATIMEXGROUP PRODUCT Smart 12
Slide 13: Unltd. – New Brand Launch
Unltd. – New Brand Launch • Known as The Original Street Art Brand, UNLTD embraces younger generations by infusing street art, hip-hop culture, skater life and the untamed spirit of the Rhino • Brand represent a sign of rebellion and disruption, breaking free from the status-quo. • The first launch
Slide 14: Financial Performance Q4'FY24
Financial Performance Q4’FY24 14
Slide 15: TGIL Financial Performance Q4 & FY 2023-24
TGIL Financial Performance Q4 & FY 2023-24 Improvement in financial performance over last year • Total income has grown by 12% during the quarter as compared to last year. During the financial year total income has grown by 10% over last year. • EBITDA is at Rs. 1117 lacs during the quarter as compa
Slide 16: TGIL Financial Performance – Quarter ended 31st Mar 2024
TGIL Financial Performance – Quarter ended 31st Mar 2024 Total Income - Quarter EBITDA 10000 1200 1117 15.0% EBITDA EBITDA % 14.0% 9354 1000 13.0% 11.9% 9000 760 12.0% 800 11.0% Rs. in lakhs Rs. in lakhs 8335 600 10.0% 9.1% 9.0% 8000 400 8.0% 7.0% 200 6.0% 7000 0 5.0% Q4 Q4 Q4 Q4 22-23 23-24 22-23 2
Slide 17: TGIL Financial Performance – Financial Year ended 31st Mar 2024
TGIL Financial Performance – Financial Year ended 31st Mar 2024 Total Income – Annual EBITDA 43000 5000 42168 19.0% 42000 EBITDA EBITDA % 4500 17.0% 41000 15.0% 4000 3859 40000 13.0% Rs. in lakhs 10.1% Rs. in lakhs 3517 11.0% 3500 39000 38378 9.0% 3000 8.3% 7.0% 38000 5.0% 37000 2500 3.0% 36000 2000
Slide 18: TGIL Financial Performance – Total Income Trend
TGIL Financial Performance – Total Income Trend Total Income 45000 42168 40000 38378 35000 30000 26554 25229 Rs. in lakhs 25000 20000 14211 15000 10000 5000 0 2019-20 2020-21 2021-22 2022-23 2023-24 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due
Slide 19: TGIL Financial Performance – EBITDA Trend
TGIL Financial Performance – EBITDA Trend EBITDA 4500 4000 3859 3517 3500 3000 2500 Rs. in lakhs 2000 1500 1000 869 500 397 0 2019-20 2020-21 2021-22 2022-23 2023-24 -500 -238 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are no
Slide 20: TGIL Financial Performance – EBITDA % Trend
TGIL Financial Performance – EBITDA % Trend EBITDA % 12.0% 10.1% 10.0% 8.3% 8.0% 6.0% 3.3% 4.0% 1.6% 2.0% 0.0% 2019-20 2020-21 2021-22 2022-23 2023-24 -2.0% -1.7% -4.0% -6.0% Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are not
Slide 21: Financial Performance – Profit Before Tax Trend
Financial Performance – Profit Before Tax Trend PBT 3500 2967 3000 2776 2500 2000 Rs. in lakhs 1500 1000 500 322 0 2019-20 2020-21 2021-22 2022-23 2023-24 -500 -180 -1000 -811 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are no
Slide 22: Shareholding Pattern
Shareholding Pattern Shareholding Pattern 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% Institutional Investors 0.0
Slide 23: Market Capitalization
Market Capitalization Market Capitalization Timex Share Price vs. BSE Small Cap 6-year CAGR: 21% 180 175 46500 1,50,000 1,38,402 170 1,30,000 45500 165 1,10,000 1,22,200 160 44500 90,000 155 67,233 70,000 150 43500 51,989 50,000 43,560 145 27,660 42500 30,000 17,616 140 10,000 135 41500 Mar-18 Mar-1
Slide 24: About Timex Group
TIMEXGROUP About Timex Group 24
Slide 25: An Introduction to the Most Consumer-focused Watch & Jewelry Maker in the World
5 An Introduction to the Most Consumer-focused Watch & Jewelry Maker in the World ESTABLISHED 1854 25
Slide 26: Timex Group brand portfolio
TIMEX VERSACE GUESS FERRAGAMO MISSONI PHILIPP PLEIN whe TED BAKER Ge sautica PLEINSPORT FURLA TIMEXGROUP 26
Slide 27: We are America's oldest watchmaker
7 We are America’s oldest watchmaker. In 1854, as the Waterbury Clock Company, we combined traditional European watchmaking with American industrial ingenuity to disrupt a 300 year-old industry and make quality attainable for millions. For generations, we’ve brought consumer focus, innovative crafts
Slide 28: Our Experience and Market Behavior Differentiate us From our Competitors
8 Our Experience and Market Behavior Differentiate us From our Competitors in Partnering with Top Global Brands Selective Brand Portfolio Private ownership with long-term view serving high-quality and selective brand portfolio Dedicated Teams Dedicated brand marketing and product teams create unique
Slide 29: Our Unique Capabilities Set us Apart
9 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 29
Slide 30: Courage is the Catalyst that Transforms an Ordinary Creation
0 Courage is the Catalyst that Transforms an Ordinary Creation into an Extraordinary Masterpiece. –Giorgio Galli, Chief Creative Director For over 20 years, Giorgio Galli has been one of the most dynamic watch designers in the industry, his name synonymous with innovation, originality and imaginatio
Slide 31: Design Fuses Consumer Expectations with the Brand DNA
1 Design Fuses Consumer Expectations with the Brand DNA Immersed in brand DNA and connected to consumer expectations, the design team focuses on individuality and relevance to bring brands to life. Every piece tells a story, written to excite consumers and take them on a journey. The perfect accesso
Slide 32: Our Unique Capabilities Set us Apart
2 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 32
Slide 33: We Engage Consumers Worldwide with Compelling Marketing Stories
We Engage Consumers Worldwide with Compelling Marketing Stories We believe every accessory is a tangible icon of a brand’s story. We fully integrate marketing across the globe and across channels to bring brands to life. Accessories give consumers the opportunity to make the brand part of their stor
Slide 34: The Art and Science of Marketing
4 The Art and Science of Marketing Fuses Consumer Experience, Storytelling and Performance Marketing POS Execution Newsroom & Social Media Digital & Performance Marketing Drive global brand consistency and visibility with Enrich content and product stories for superior Amplify storytelling through d
Slide 35: Our Unique Capabilities Set us Apart
5 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 35
Slide 36: Our Comprehensive Network of Brand Distribution
Our Comprehensive Network of Brand Distribution Provides Global Reach and Localization 5 Regional Hubs 9 Global Affiliates 120+ Global Distributors 22,000+ Points of Sale 36
Slide 37: We have Unparalleled Partnerships and Access to the Right Distribution
We have Unparalleled Partnerships and Access to the Right Distribution in Each Market • Our own affiliates provide portfolio leverage and control in critical markets • We utilizes more than one distributor in many markets to ensure account access is matched to brand positioning • Our Distributors ha
Slide 38: Our Unique Capabilities Set us Apart
8 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 38
Slide 39: We Have 170 Years of Experience and a Modern Global Supply Chain
9 Middlebury, USA Timex Group HQ Besancon, France Movement Production India Manufacturing Cebu, Philippines We Have 170 Years of Experience Manufacturing and a Modern Global Supply Chain Pforzheim, Germany Each product starts with an idea and raw materials. Research and Development From movement R&D
Slide 40: Agile Supply Chain around Unique Brands and Changing Consumers
0 We’ve Built our Agile Supply Chain around Unique Brands and Changing Consumers Rapid Design and Planning Increases Speed to We’ve Optimized Manufacturing Lead Times, Reimagined Inventory and Lines Provide Market without Sacrifice and Minimum Quantiles ‘Never Out of Stock’ Fast Replenishment Our ro
Slide 41: Timex Group Atelier is at the Center of Swiss Production Excellence
1 Timex Group Atelier is at the Center of Swiss Production Excellence In the heart watchmaking, Ticino, Switzerland, Timex Group Atelier creates our most precious timepieces. Forty watchmakers and support staff combine traditional Swiss craftsmanship with modern innovation to bring the unquestioned
Slide 42: About Timex Group India Limited
About Timex Group India Limited 42
Slide 43: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.) Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting- edge des
Slide 44: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Meeta Makhan | Independent Director Experience: 24+ years Experience: 25+ years Qualification: B. Sc. (Computer Science) - University Qualification: BA in Economics from Delhi University, MBA from of Alabama & a Juris doctorate from Washington &
Slide 45: Brand Portfolio
Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments 45
Slide 46: Powerful Distribution Network
Powerful Distribution Network A strong network of sales touchpoints that enable TGIL to reach consumers across the country Multi Brand Large Format Defence Canteen Timex World Luxury Retail Showroom 5931 349 430 39 128 46
Slide 47: Baddi Plant: Superior Watchmaking & Supply Chain
Baddi Plant: Superior Watchmaking & Supply Chain A state of the art, SA8000: 2014 and ISO 45001:2018 certified, watch assembly unit in Baddi, Himachal Pradesh, India Assembly of watches from piece parts to complete watch. Currently handling over 150 types of watch – movements. Includes assembly of m
Slide 48: TGIL After Sales Service
TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service 5 13 142 48