S.p. Apparels Ltd. · NSE:SPAL
S.p. Apparels — Q4 FY2022 Earnings Presentation
30 slides from S.p. Apparels's earnings presentation, May 21, 2022
Slide 1: Cover letter to stock exchanges
a S.RAPPARELS LTD. _ ©)2| Regd. Office: 39-A, Extension Street, Kaikattipudur, AVINASHI- 641 654, Tamil Nadu, India. Phone; +91-4296-714000 E-mail: spindia@s-p-apparels.com Web: www.s-p-apparels.com CIN No.: L18101TZ2005PLC012295 21* May, 2022 The Listing Department The Listing Department BSE Limite
Slide 2: Investor Presentation Q4 & FY22 Results Update
Investor Presentation Q4 & FY22 Results Update May 2022
Slide 3: Contents
Contents Q4 & FY22 Results Update Company Overview Financial Overview & Shareholding Structure
Slide 4: Disclaimer
Disclaimer 3 This presentation and the following discussion may contain “forward looking statements” by S.P. Apparels Limited (“SPAL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial
Slide 5: Q4 & FY22 Results Update
BH t S.P.APPARELS LTD. Q4 & FY22 Results Update
Slide 6: FY22 - Key Highlights
FY22 - Key Highlights 5 33% YoY 34% YoY 43% YoY Growth in Total Revenue1 Growth in Gross Profit Growth in Adj. EBITDA PAT stands at 96% YoY 17% 316 bps Growth in Profit after Tax Decrease in Finance Cost Rs.847 mn Expansion in PAT Margin Net Debt 38% YoY 50.2 mn increased by 3% YoY, stands at Rs.32.
Slide 7: Q4 FY22 Result - Key Highlights
Q4 FY22 Result - Key Highlights 6 In Rs Mn REVENUES 1 Adj. EBITDA & EBITDA MARGIN 2 PBT* & PBT MARGIN 3 PAT & PAT MARGIN 3 2,581.1 17.7% 13.0% 14.2% 7.8% 1,937.0 457.4 9.8% 5.5% 365.8 33% 82% 251.6 252.5 141% 139% 151.9 105.6 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Notes: 1.
Slide 8: FY22 Result - Key Highlights
FY22 Result - Key Highlights 7 In Rs Mn REVENUES 1 Adj. EBITDA & EBITDA MARGIN 2 PBT* & PBT MARGIN 3 PAT & PAT MARGIN 3 8,671.9 17.6% 13.2% 16.4% 9.1% 1,147.9 9.8% 6,531.9 6.6% 1,528.2 33% 846.9 1,072.0 43% 591.4 94% 431.7 96% FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 Notes: 1. Total revenues include
Slide 9: Q4 FY22 – Division Wise Analysis
Q4 FY22 – Division Wise Analysis 8 In Rs Mn Q4 FY22 YoY ANALYSIS – TOTAL REVENUE BREAKUP 1 DIVISION REVENUES SHARE Q4 FY21 Q4 FY22 2,581.1 Garment Exports 84.4% 85.2% 94% 160.6 221.3 SPUK 11.3% 8.6% 1,937.0 82.6 Retail 4.3% 6.2% 219.6 1% 2,199.2 Adj. EBITDA MARGIN % 2 Q4 FY21 Q4 FY22 35% 1,634.9 Gar
Slide 10: FY22 - Division Wise Analysis
FY22 - Division Wise Analysis 9 In Rs Mn FY22 YoY ANALYSIS – TOTAL REVENUE BREAKUP 1 DIVISION REVENUES SHARE FY21 FY22 Garment Exports 82.2% 85.7% 22% 8,671.9 480.2 SPUK 11.8% 8.8% 762.4 6,531.9 Retail 6.0% 5.5% 395.0 -1% 768.1 7,429.3 Adj. EBITDA MARGIN % 2 FY21 FY22 38% 5,368.7 Garment Exports 20.
Slide 11: FY22 - Key Analysis
FY22 - Key Analysis 10 FY22 total revenues1 increased by 33% YoY to Rs 8,672 mn FY22 Adj. EBITDA2 stands at Rs.1,528 mn. up by 43% YoY. Adj. EBITDA margins stood at 16.4% ❖ Revenues grew by 38% on a YoY basis in Garment Exports division ❖ Higher EBITDA was primarily due to the benefit of operating d
Slide 12: Q4 & FY22 Result - Consolidated Profit & Loss Statement
Q4 & FY22 Result - Consolidated Profit & Loss Statement 11 Particulars (In Rs Mn) Q4 FY22 Q4 FY21 YoY % FY22 FY21 YoY % Revenue from Operations 2,539.0 1,916.2 32.5% 8,594.3 6,523.1 31.8% Gain on account of Foreign Currency Fluctuations 42.12 20.79 102.6% 77.6 8.8 784.9% Total Revenues 2,581.1 1,937
Slide 13: FY22 - Consolidated Balance Sheet
FY22 - Consolidated Balance Sheet 12 Particulars (Rs Million) Mar-21 Mar-22 Particulars (Rs Million) Mar-21 Mar-22 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 256.9 256.9 a. Property, Plant and Equipment 4,007.6 4,105.1 Other Equity 5,326.9 6,120.8 b. Capital w
Slide 14: Company Overview
ey S.P.APPARELS LTD. Company Overview
Slide 15: Brief Profile
Brief Profile 14 BUSINESS OVERVIEW KEY STRENGTHS FINANCIAL OVERVIEW * ❖ SPAL is one of the leading manufacturers ❖ SPAL is a specialized player in the highly ❖ Reported Consolidated Revenues, EBITDA and exporters of knitted garments for challenging infant & children wear knitted and PAT were Rs 8,67
Slide 16: Our Evolution
Our Evolution 15 2016 ▪ Listed on BSE / NSE ▪ Repayment of Loans to reduce leverage 2004 2008-13 Set-up of flagship factory at Avinashi Streamlining of operations to integrate 2017-22 2005 the factories, increase efficiencies and ▪ Integration / expansion of Commissioned dying plant at increase back
Slide 17: Leading Exporter of Infant & Children Wear in India
Leading Exporter of Infant & Children Wear in India 16 SPAL IS A SPECIALIZED PLAYER IN THE HIGHLY CHALLENGING INFANT & CHILDREN WEAR KNITTED GARMENT INDUSTRY INDUSTRY’S UNIQUE CHALLENGES SPAL’S CORE COMPETENCIES ❖ Labour intensive operations. ❖ Demonstrated manufacturing excellence for ❖ Employee tr
Slide 18: Why SPAL?
Preferred Vendor To Reputed International Brands 17 Strong Pedigree Leading children wear manufacturer under the leadership of Mr. Sundararajan, CMD with more than 36 years of experience in apparel industry SPAL IS THE PREFERRED VENDOR FOR KNITTED GARMENTS FOR INFANTS AND CHILDREN TO REPUTED INTERNA
Slide 19: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 18 SPINNING KNITTING DYEING
Slide 20: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 19 AUTOMATED CUTTING PRINTING EMBROIDERY
Slide 21: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 20 SEMI-AUTOMATED AUTOMATED SEWING INVENTORY SEWING ASSEMBLY LINE MANAGEMENT
Slide 22: Strong In-house Design Expertise
Strong In-house Design Expertise 21 STRONG DESIGN IS SPAL’S CORE COMPETENCY ❖ SPAL’s core competency lies in understanding latest fashion and trends to suit the customers buying preferences. ❖ Dedicated in-house design and merchandising team of designers located at our Corporate Office in India and
Slide 23: Stringent Quality Controls & Compliance
Stringent Quality Controls & Compliance 22 ACCREDITATIONS AND AWARDS FOR OUR MANUFACTURING FACILITY/ABILITY Received laboratory accreditation ISO/IEC 17025:2005 by the National Accreditation Board for Testing and Calibration Authorities, Department ❖ Strong adherence to the highest standards of qual
Slide 24: Qualified Management with Deep Understanding of Apparel Sector
Qualified Management with Deep Understanding of Apparel Sector 23 ` Mr P. Sundararajan Ms S. Latha Mr S. Chenduran Chairman and Managing Director Executive Director Director • Six years of experience in the textile and • Founder director of SPAL with 36 years of Founder director of SPAL with 29 year
Slide 25: Board Of Directors - Wide Spectrum of Experience
Board Of Directors - Wide Spectrum of Experience 24 Mr A.S. Anandkumar Mrs H .Lakshmi Priya Mr C. R. Rajagopal Mr V. Sakthivel Independent Director Independent Director Independent Director Independent Director • 47 years of experience in banking • 20+ years of experience in corporate • Core areas o
Slide 26: Financial Overview & Shareholding Structure
Financial Overview & Shareholding Structure
Slide 27: Financial Overview
Financial Overview 26 REVENUES Adj. EBITDA & EBITDA MARGIN PAT Before MI & PAT MARGIN 9.1% 9.8% 8,672 18.4% 17.6% 7.2% 6.6% 8,264 8,090 15.3% 16.4% 5.6% 6,624 6,523 10.8% 1,528 847 1,238 1,238 734 1,072 895 478 469 432 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 LEVERA
Slide 28: Division-wise EBIDA Performance
Division-wise EBIDA Performance 27 GARMENT DIVISION 21.0% 20.2% 20.9% 17.6% 12,000 12.0% 10,000 6,805 7,429 8,000 7,026 5,734 5,369 6,000 4,000 1,202 1,194 843 1,083 1,553 2,000 - FY18 FY19 FY20 FY21 FY22 Garment Revenue Garment EBITDA Adj. EBITDA Margin (%) RETAIL DIVISION SPUK 4.4% 5.6% 5.3% 3.6%
Slide 29: Shareholding Structure
Shareholding Structure 28 SHAREHOLDING PATTERN – 13th May 2022 KEY SHAREHOLDERS – 13th May 2022 Non-Institutions 21.1% DSP Mutual Fund 8.41% Promoters 61.7% ICICI Prudential Mutual Fund 3.77% UTI Mutual Fund 3.23% Euro Asia Agencies Limited, Hong Kong 1.34% Institutions 17.2% Quant Mutual Fund 0.45%
Slide 30: For Further Queries
Q3 FY22 Results Update For Further Queries: Mr. V. Balaji Company Overview Chief Financial Officer Email: balaji.v@spapparels.com Financial Overview & Shareholding Structure www.s-p-apparels.com Ms. Pushpa Mani /Mr. Chintan Mehta IR Consultant Email: s.p.apparels@dickensonworld.com Contact no: +91 9