Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q1 FY24 Earnings Presentation
29 slides from Relaxo Footwears's earnings presentation, Jul 25, 2023
Slide 1: Stock exchange filing cover letter
July 25, 2023 BSE Ltd. National Stock Exchange of India Corporate Relationship Department Ltd 1st Floor New Trading Listing Department, Rotunda Building, P J Towers Exchange Plaza, Dalal Street Fort, Mumbai–400001 Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Scrip Code – 530517 Scrip Code –
Slide 2: Investor Presentation Q1FY24
INVESTOR PRESENTATION Q1FY24 July 2023 1
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. Company Overview 04 2. Quarterly Performance at a Glance 11 3. Annual Financial Highlights 14 4. Industry Overview 21 5. Key Strengths 23 6. Annexures 25 Slide 3 of 27
Slide 5: Company Overview
Company Overview
Slide 6: Moving Forward, Gaining Momentum
Moving Forward, Gaining Momentum 8 Slide 5 of 27
Slide 7: Diversified Portfolio with Strong Identities
Diversified Portfolio with Strong Identities It’s In Me Slide 6 of 27
Slide 8: Efficient Customer Reach across Channels
Efficient Customer Reach across Channels Channel-wise Revenue Mix ~650 65,000+ Pan-India Distributors Retailers/ Multi-Brand Outlets 389 Exclusive Brand Outlets (EBOs) ~30 1 Countries Exported to Overseas office in Dubai Slide 7 of 27
Slide 9: Sustained Manufacturing Excellence, Certification & Innovation
Sustained Manufacturing Excellence, Certification & Innovation Strong in-house manufacturing capabilities Committed to provide Best in Class footwear • In-house manufacturing helps in maintaining the end to end quality 8 ~10 Lakh • Monitor every stage of the manufacturing process – Designing Manufac
Slide 10: Distinguished Board of Directors
Distinguished Board of Directors Executive Directors Independent Directors Ramesh Kumar Dua , Managing Director Pankaj Shrimali, Independent Director • 47 years of experience in strategy, sales and marketing, production and new • 39 years of experience in areas of finance, accounts, secretarial, str
Slide 11: And a Strong Management Team
And a Strong Management Team Ritesh Dua, Executive VP - Finance Nitin Dua, Executive VP - Retail MBA having over 23 years of experience in Finance, HR & IT MBA having over 19 years of experience in Retail Business Ashish Srivastava, VP – Human Resources Sushil Batra, Chief Financial Officer MBA havi
Slide 12: Quarterly Performance at a Glance
Quarterly Performance at a Glance
Slide 13: Quarterly Financial Highlights – Profit and Loss (1/2)
Quarterly Financial Highlights – Profit and Loss (1/2) Revenue (₹ in Cr.) No. of Pairs sold (in Cr.) 765 5.2 739 5.1 3.9 4.1 681 3.8 667 670 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Average Realization per pair (in ₹) EBITDA (₹ in Cr.) & Margin (%) 15.4% 20. 0% 172 14.6%
Slide 14: Quarterly Financial Highlights – Profit and Loss (2/2)
Quarterly Financial Highlights – Profit and Loss (2/2) 120 EBIT (₹ in Cr.) & Margin (%) 15. 0% 120 PBT (₹ in Cr.) & Margin (%) 15. 0% 13. 0% 13. 0% 11.7% 11.2% 100 100 10.9% 11. 0% 10.3% 11. 0% 80 80 9.0 % 9.0 % 9.1% 60 7.0 % 60 8.0% 7.0 % 6.6% 6.0% 5.2% 90 80 5.0 % 4.5% 85 5.0 % 76 40 40 60 3.0 % 5
Slide 15: Annual Financial Highlights
Annual Financial Highlights
Slide 16: Annual Financial Highlights – Profit and Loss (1/2)
Annual Financial Highlights – Profit and Loss (1/2) Revenue (₹ in Cr.) No. of Pairs sold (in Cr.) 19.1 2,783 2,653 2,359 17.5 17.1 FY21 FY22 FY23 FY21 FY22 FY23 Average Realization per pair (in ₹) EBITDA (₹ in Cr.) & Margin (%) 21.0% 161 150 15.7% 122 12.1% 495 416 336 FY21 FY22 FY23 FY21 FY22 FY23
Slide 17: Annual Financial Highlights – Profit and Loss (2/2)
Annual Financial Highlights – Profit and Loss (2/2) EBIT (₹ in Cr.) & Margin (%) PBT (₹ in Cr.) & Margin (%) 17.3% 16.6% 12.3% 11.7% 8.2% 7.6% 408 391 326 311 229 210 FY21 FY22 FY23 FY21 FY22 FY23 PAT (₹ in Cr.) & Margin (%) Cash PAT (₹ in Cr.) & Margin (%) 12.4% 17.5% 8.8% 13.0% 10.2% 5.6% 292 413
Slide 18: Annual Financial Highlights – Balance Sheet
Annual Financial Highlights – Balance Sheet (₹ in Cr.) Net Worth Net Debt 1,855 1,760 -156 1,572 -266 -344 FY21 FY22 FY23 FY21 FY22 FY23 Capex Cash Generated from Operations 174 146 602 456 101 140 FY21 FY22 FY23 FY21 FY22 FY23 Slide 17 of 27
Slide 19: Annual Financial Highlights – Key Financial Ratios
Annual Financial Highlights – Key Financial Ratios ROE (%) ROCE (%) 28.0% 20.5% 19.2% 14.0% 12.5% 8.6% FY21 FY22 FY23 FY21 FY22 FY23 Current Ratio (x) Fixed Asset Turnover Ratio (x) 2.9 2.8 2.6 2.5 2.7 2.4 FY21 FY22 FY23 FY21 FY22 FY23 Slide 18 of 27
Slide 20: Statement of Profit & Loss – Q1FY24
Statement of Profit & Loss – Q1FY24 Particulars (₹ in Cr.) Q1FY24 Q1FY23 YoY Q4FY23 QoQ FY23 FY22 YoY Revenue from Operations 738.82 667.15 10.74% 764.94 (3.41%) 2,782.77 2,653.27 4.88% Other Income 7.27 4.17 4.32 18.57 23.72 Total Income 746.09 671.32 11.14% 769.26 (3.01%) 2,801.34 2,676.99 4.65% C
Slide 21: Balance Sheet
Balance Sheet EQUITY AND LIABILITIES (₹ in Cr.) FY23 FY22 ASSETS (₹ in Cr.) FY23 FY22 Equity Non-Current Assets Equity Share Capital 24.89 24.89 Property, Plant and Equipment 923.89 769.35 Other Equity 1,830.16 1,735.23 Capital Work-in-Progress 87.77 145.18 1,855.05 1,760.12 Intangible Assets 30.76
Slide 22: Industry Overview
Industry Overview
Slide 23: 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* Improving share of Organised footwear Per Capita Consumption (Pairs)^ market – India (In US$ billion) (In Rs. billion) (Pairs) Organis
Slide 24: Key Strengths
Key Strengths
Slide 25: Key Strengths
Key Strengths Diversified Product Manufacturing Wide Distribution Product Innovation Portfolio Excellence Network Financial Resilience Distinguished Board Evolving Strong Corporate and Management Macroeconomic Governance Team Industry Growth drivers Slide 24 of 27
Slide 26: Annexures
Annexures
Slide 27: Awards and Accolades
Awards and Accolades Safety Rating ICRA AA Long Term Rating ICRA A1+ Short Term Rating Slide 26 of 27
Slide 28: Shareholding Pattern
Shareholding Pattern Shareholding as on 30th June, 2023 Total Shareholders – 343,295 343,143* Shareholder Information as on (17.55) 30th June, 2023 Promoter & Promoter Group Mutual Funds BSE Ticker 530517 16* (8.30%) Foreign Portfolio Investors NSE Ticker RELAXO 12* (71.27%) Others Market Cap (₹ in
Slide 29: Thank You
Thank You LY AELAKO