S.j.s. Enterprises Limited · NSE:SJS
S.j.s. Enterprises — Q1 FY2024 Earnings Presentation
28 slides from S.j.s. Enterprises's earnings presentation, July 2023
Slide 1: SJS Enterprises Limited Q1FY24 Earnings Presentation
SJS Enterprises Limited Q1FY24 EARNINGS PRESENTATION
Slide 2: Disclaimer
SJS| Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expect
Slide 3: Today's Presenters
SJS| Today’s Presenters K A JOSEPH SANJAY THAPAR MAHENDRA NAREDI DEVANSHI DHRUVA Managing Director CEO & Executive Director Chief Financial Officer Head–Investor Relations • Founded the company in 1987 • Over 30 years of experience in • 20+ years of experience in • Previously worked with Westlife th
Slide 4: Premium aesthetics products manufacturer
SJS| Premium aesthetics products manufacturer Overview Key Facts Established market leader in an attractive business segment Market leadership in India for Rs 1,172.5 Mn Operates in the high value-add aesthetics market across multiple consumer-oriented end industries; Aesthetic Revenue Q1FY24 increa
Slide 5: Q1FY24 Business & Financial Highlights
Q1FY24 Business & Financial Highlights
Slide 6: Q1FY24 Highlights
SJS| Q1FY24 Highlights • SJS automotive segment (2W+PV) grew at 18.6% YoY, compared to 2.3% YoY growth in auto industry production volumes during the quarter • Total Revenue at Rs 1,172.5 mn, 13.6% YoY growth • Continue to generate strong cash flows & have a robust cash & cash equivalents1 at Rs 2,8
Slide 7: 15th Consecutive quarter of outperforming the Industry
SJS| 15th Consecutive quarter of outperforming the Industry Q1FY24 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS 24.6% On account of lower growth in Consumer 18.6% Durables and ‘Others’ segment 15.0% 13.6% 7.0% 2.3% 1.3% + Q1FY24 SJS exports revenue almost doubled YoY on account of n
Slide 8: Q1FY24 Business Highlights
SJS| Q1FY24 Business Highlights Strong growth story continues… Growing Mega Accounts Adding New Customers - Key Business Projects Won 8 Q1FY24 Earnings Presentation 8 June 2023
Slide 9: SJS | ESG Framework
SJS | ESG Framework Human Capital Inclusive Growth • Employee Engagement • Local Community • Diversity • Customer Satisfaction • Health & Safety • Product Quality • Collaboration • Training & EHS Policy Development Risk Management • Compliance with Laws • Stakeholder Management • Prevention of Pollu
Slide 10: SJS | CSR – Serving the Community
SJS | CSR – Serving the Community Extended coverage of Swachh Bharat initiative for SJS sponsored, para climber – Manikandan won Bronze medal at IFSC garbage cleaning from 7 to 12 surrounding villages Para climbing World Cup in Switzerland Q1FY24 Earnings Presentation June 2023 10
Slide 11: Q1FY24 Financial Performance (Consolidated)
SJS| Q1FY24 Financial Performance (Consolidated) Picking up pace… 13.6% • Revenue* at Rs 1,172.5 Mn on account of 24.6% and 15.0% YoY growth in PV and YoY growth 2W segment respectively - outperforming the underlying industry 12.8% • EBITDA* at Rs 313.8 Mn, EBITDA margins of 26.1%, YoY growth 11.1%
Slide 12: Consolidated P&L Performance
SJS| Consolidated P&L Performance Particulars Q1FY24 Q1FY24 Q1FY23 YoY% Q4FY23 QoQ% YoY% (INR in Mn) Proforma1 Operating Revenue 1172.5 1031.7 13.6% 1065.7 10.0% 1528.7 48.2% EBITDA 313.8 278.2 12.8% 271.8 15.5% 426.5 53.3% EBITDA Margin % 26.1% 26.4% 24.8% 27.3% Reported PAT 180.0 162.1 11.1% 153.8
Slide 13: Future Growth Outlook
Future Growth Outlook
Slide 14: One stop aesthetics solution provider
SJS | One stop aesthetics solution provider Transforming SJS with a well diversified product suite addressing every requirement of varied customer base Rs 1200 – 1500 PV (Interior View) Per vehicle Legacy Kit Value 3 - 4x growth Per vehicle Future Kit Value 14 Q1FY24 Earnings Presentation June 2023
Slide 15: One stop aesthetics solution provider
SJS | One stop aesthetics solution provider Transforming SJS with a well diversified product suite addressing every requirement of varied customer base PV (Exterior View) 15 Q1FY24 Earnings Presentation June 2023
Slide 16: One stop aesthetics solution provider
SJS | One stop aesthetics solution provider Transforming SJS with a well diversified product suite addressing every requirement of varied customer base Rs 300 - 500 Per vehicle Two Wheeler Legacy Kit Value 1.5 - 2x growth Per vehicle Future Kit Value 16 Q1FY24 Earnings Presentation June 2023
Slide 17: One stop aesthetics solution provider
SJS | One stop aesthetics solution provider Transforming SJS with a well diversified product suite addressing every requirement of varied customer base Rs 50 - 150 Per appliance Legacy Kit Value 3 - 4x growth Per appliance Future Kit Value Consumer Appliances 17 Q1FY24 Earnings Presentation June 202
Slide 18: Organic growth expected at ~20-25% CAGR, with best-in-class margins
SJS| Organic growth expected at ~20-25% CAGR, with best-in-class margins Strategy for organic growth over FY24-26 Exports : Increasing global presence • Penetrate deeper in existing geographies and enter new geographies • Strong focus on expanding presence in ASEAN • Strengthening our sales force in
Slide 19: Inorganic Growth Expected to Boost Organic Growth Trajectory
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions Strategy Build capability in adjacent / new aesthetic product categories SJS successfully integrated Exotech Identified key product categories to enter / expand business and demonstrated credible presence which i
Slide 20: FY24 Outlook
SJS| FY24 Outlook ▪ SJS will continue to outperform the industry with gradual recovery in exports and domestic 2W markets ▪ SJS expects over 50% YoY revenue growth on account of expected positive outlook for 2W, PV and Consumer Durables ▪ Premiumisation + New Customer Wins + Exports + WPI Acquisitio
Slide 21: Q1FY24 Earnings Call Invite
SJS Enterprises Limited Q1FY24 Earnings Call Invite SJS Enterprises Limited (BSE: 543387) announced its results for the quarter ended June 30, 2023, on July 26th, 2023. Following the announcement, the management team will host a conference call for investors and analysts on July 27th, 2023, at 11:00
Slide 22: Thank You
THANK YOU IR Contact Ms. Devanshi Dhruva | Head - Investor Relations devanshi@sjsindia.com
Slide 23: Appendix
Appendix
Slide 24: Longstanding history of design backed manufacturing excellence
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business 2023 Walter Pack India 2021 Acquired 90.1% stake in WPI. Focused on IMF, Exotech Plastics IML, IMD and IME 2019-20 Acquisition completed technologies for to further com
Slide 25: Diverse Product Portfolio (1/2)
SJS| Diverse Product Portfolio…(1/2) Decals & Body Graphics 2D Appliques & Dials Domes 3D Appliques & Dials 3D Lux Badges Aluminium Badges 25 Q1FY24 Earnings Presentation June 2023
Slide 26: Diverse Product Portfolio (2/2)
SJS| Diverse Product Portfolio…(2/2) Overlays Lens Mask Assembly Chrome plated parts IMLs / IMDs Optical Plastics Aftermarket – “Transform” Without Anti glare/ Anti Reflection With Anti glare/ Anti Reflection 26 Q1FY24 Earnings Presentation June 2023
Slide 27: Superior financial metrics and resilient business model
SJS| Superior financial metrics and resilient business model Revenue from Operation (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) 5000.0 1,500.0 31.0% 31.2% 32.0% 4000.0 4330.5 30.0% 3698.6 1,000.0 1,167.8 3000.0 26.7% 985.3 28.0% 2000.0 2372.6 2516.2 26.4% 26.0% 2161.7 500.0 26.3% 1000.0 686.1 797
Slide 28: Board of Directors
SJS| Experienced & Qualified Board & Management Team K A Joseph Managing Director – Promoter & Co-founder Ramesh Chandra Jain Non-Exec Chairman & Independent Director ❖ More than 34 years of experience in aesthetics printing business ❖Worked for 25 years in Eicher & retired as group vice chairman ❖