Page Industries Limited · NSE:PAGEIND
Page Industries — Q4 FY2024 Earnings Presentation
31 slides from Page Industries's earnings presentation, May 23, 2024
Slide 1: Performance Highlights Q4FY24
PERFORMANCE HIGHLIGHTS Q4FY24 MAY 23, 2024
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by the Company base
Slide 3: Contents
• QUARTERLY UPDATE - MANAGEMENT COMMENTARY - FINANCIAL HIGHLIGHTS - KEY HIGHLIGHTS - MARKET COVERAGE - COMPETITIVE LANDSCAPE & MARKET POSITION - STRATEGIC INITIATIVES - TECHNOLOGY & INNOVATION - OUTLOOK & TRENDS - NEW LAUNCHES - DIGITAL/SOCIAL MEDIA REACH CONTENTS - P/L STATEMENTS FOR Q4 & FY • COMP
Slide 4: Management Commentary
MANAGEMENT COMMENTARY Despite mixed economic conditions in Q4, we are pleased to report significant growth in PAT with a moderate increase in revenue for the quarter. Our focus on operational efficiency, digital transformation, and targeted marketing initiatives has allowed us to maintain robust mar
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS QoQ YoY Particulars (INR mn) Q4FY24 % Q3FY24 % Q4FY23 % growth growth Revenue 9,954 12,288 100.0% 9,646 -19.0% 3.2% EBITDA 1,672 16.8% 2,298 18.7% 1,343 13.9% -27.2% 24.5% PBT 1,450 14.6% 2,022 16.5% 1,065 11.0% -28.3% 36.1% PAT 1,082 10.9% 1,525 12.4% 784 8.1% -29.0% 38.1% YoY
Slide 6: Key Highlights for Q4 FY24
KEY HIGHLIGHTS FOR Q4 FY24 Market Commentary - Despite a temporary boost during the festive season last quarter, the retail sector continued to face subdued demand in Q4. - Both innerwear and athleisurewear segments saw a recovery in demand, driven by new product launches and increased marketing eff
Slide 7: Unmatched Market Coverage
UNMATCHED MARKET COVERAGE Multi-Brand Exclusive Brand Store Key Department Store ECommerce Trade Channel 4,123 1,382 13 Jockey.in Distributor Accounts Exclusive Brand Stores Partner Chains speedo.in 2,750 43 1,132 Cities / Towns Exclusive Woman Stores Stores 1,06,835 64 1,678 Retail Network Exclusiv
Slide 8: Competitive Landscape and Market Position
COMPETITIVE LANDSCAPE AND MARKET POSITION Page Industries continues to lead in terms of quality and market presence across all categories, with strong brand recognition and customer loyalty in the premium innerwear and athleisure segments. Competitive Pressures - Increase in competitive intensity fr
Slide 9: Strategic Initiatives
STRATEGIC INITIATIVES Digital Transformation: - Continued investments in IT infrastructure, upgrading digital platforms, including the relaunch of Jockey.in and Speedo.in for enhanced customer experience. - Implementation of a new Distribution Management System (DMS) to improve efficiency across the
Slide 10: Technology and Innovation
TECHNOLOGY AND INNOVATION Digital Platforms - Enhanced user experience on Jockey.in and Speedo.in with new UI/UX designs. - Improved CRM tools for better customer engagement and after-sales service. Supply Chain and Operations - Implementation of advanced planning and supply chain optimisation tools
Slide 11: Outlook and Trends
OUTLOOK AND TRENDS Market Trends - Positive outlook for the innerwear and athleisure industry driven by advances in fabric technology and growing health-conscious lifestyle trends. - Significant growth expected in the athleisure market over the next decade. Strategic Focus - Continued expansion of e
Slide 12: Jockey - New Launches
JOCKEY - NEW LAUNCHES Style No. MV55 Style No. A157 Performance Shorts SHORTS Style No. AM38 Polo T-Shirt Style No. RX80 SLEEP SET 12
Slide 13: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH Followers 9,42,416 3,01,404 22,759 26,951 13
Slide 14: Profit and Loss Statement: Full Year
PROFIT AND LOSS STATEMENT: FULL YEAR Financials (INR mn) FY'24 % FY'23 % YoY growth Revenue 45,817 47,142 -2.8% COGS 20,846 45.5% 20,852 44.2% 0.0% Employee Cost 8,036 17.5% 8,848 18.8% -9.2% Other operating cost 8,213 17.9% 8,815 18.7% -6.8% Emp + operating cost 16,248 35.5% 17,662 37.5% -8.0% EBIT
Slide 15: Profit and Loss Statement: Quarterly
PROFIT AND LOSS STATEMENT: QUARTERLY QoQ YoY Financials (INR mn) Q4FY24 % Q3FY24 % Q4FY23 % growth growth Revenue 9,954 12,288 9,646 -19.0% 3.2% COGS 4,363 43.8% 5,756 46.8% 4,131 42.8% -24.2% 5.6% Employee Cost 1,935 19.4% 1,958 15.9% 2,212 22.9% -1.2% -12.5% Other operating cost 1,983 19.9% 2,277
Slide 16: Balance Sheet
BALANCE SHEET Assets (` Million) FY24 FY23 FY22 Total Equity & Liabilities (` Million) FY24 FY23 FY22 Non Current Assets Equity Share Capital 112 112 112 Reserves and Surplus 15,858 13,599 10,775 Fixed Assets 5,590 4,905 3,766 Total Equity 15,969 13,710 10,886 Financial Assets 203 204 221 Other Non
Slide 17: Company Overview
COMPANY OVERVIEW 17
Slide 18: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 19: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 280 mn pieces 1,06,835+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 1,382+ Exclusive Brand Stor
Slide 20: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 facilities in Ka
Slide 21: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN INNERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS TANK TOPS LOUNG
Slide 22: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F S SWIMDRESS S SLIDE K KNEESUIT T THONG L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT 22
Slide 23: Exclusive Brand Store
EXCLUSIVE BRAND STORE 23
Slide 24: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 25: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS In-house product Wide Range of development Robust Financials Premium Quality expertise and back with ROCE of 50% Products end capabilities Strong Distribution network across License with Jockey Reputed Brand Equity, Strong Balance Sheet MBO, EBO, LFS and International till
Slide 26: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue EBITDA PAT ` Million ` Million (EBITDA Margin %) ` Million (PAT Margin %) 8,922 47,142 8,775 5,692 45,817 (19.4%) 5,712 7,855 (18.6%) 5,365 (12.4%) (12.1%) 38,865 (20.2%) (13.8%) 29,454 28,330 5,326 5,266 3,432 3,406 (18.1%) (18.6%) (11.7%) (12.0%
Slide 27: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW*/ROCE EPS and DPS 512 510 Working Capital Days 481 124 308 305 300 68% 93 260 89 92 58% 250 250 55% 58% 71 75 66 59 59 50% 161 57 54% 46% 34 43% 38% 32 22 18 40% 18 16 9 11 13 12 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Receivables Inventory Payables Net W
Slide 28: Sustainability
SUSTAINABILITY The nine focus areas are translated into nine missions targeted to drive value by embedding futuristic commitments across the missions. SUSTAINABILITY VISION To be a leading apparel company through balanced growth with a focus Economic on quality, innovation and sustainable design, th
Slide 29: Sustainability Milestones
SUSTAINABILITY MILESTONES Economic Performance Governance, Risk, and Energy and GHG Emission Water and Effluents: Materials • Sustainability impact assessments Compliance: • Energy Intensity at 54 (GJ/ Million • 82% of treated water recycled • As per the EPR registration, of investments are being ca
Slide 30: Shareholding Pattern
SHAREHOLDING PATTERN As on March 2024 Insurance Companies and Other DIIs, 7.3% Others 7.4% Mutual Funds, 19.3% Promoters, 45.1% FPI, 20.9% Market Cap: ~ INR 394 bn (as on May 21, 2024) 30
Slide 31: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: investors@jockeyindia.com Website: www.jockey.in 31