Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q4 FY20 Earnings Presentation
25 slides from Relaxo Footwears's earnings presentation, Jun 8, 2020
Slide 1: Cover letter to stock exchanges
FPELAXO 8" June, 2020 BSE Ltd. National Stock Exchange of India Corporate Relationship Ltd Department Listing Department, ist Floor New Trading Exchange Plaza, Rotunda Building, P J Towers Bandra Kurla Complex, Dalal Street Fort, Mumbai—400001 Bandra (East), Mumbai- 400 051 Scrip Code — 530517 Scrip
Slide 2: March 2020
<> MARCH 2020
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: Q4 FY20 and FY20 Performance
Q4 FY20 and FY20 Performance Q4FY20 Performance FY20 Revenue from Operations (in ₹ crs) EBITDA (in ₹ crs) and EBITDA % PAT (in ₹ crs) and PAT % Revenue up by 5% to Rs. 2,410 636 200 17.8% 20% 100 8.6% 9.6% 10% 600 541 15.0% crore Y-o-Y. Due to the impact of 150 15% 80 54 52 nationwide lockdown the
Slide 5: Company Overview
Company Overview
Slide 6: Highlights FY20
Highlights FY20 • Largest footwear manufacturer in India. • ‘Value for Money’ products. • Portfolio of mass appeal brands. 2410 Cr. 409 Cr. 226 Cr. Revenue from EBITDA PAT operations 17.9 Cr. 9 10000+ Pair sold Brands SKUs 8 50000+ 390 State of the art Retailers served Exclusive brand manufacturing
Slide 7: Moving Forward, Gaining Momentum.
Moving Forward, Gaining Momentum. 2018-20 8 Revenue: `2,41,048 lacs 6
Slide 8: Key investment highlights
Key investment highlights Favorable dynamics of Indian footwear industry Leading player in the ‘value’ segment with an array of strong brands Manufacturing excellence Pan-India distribution network Robust financial performance Future ready 7
Slide 9: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Strong growth potential of the Indian footwear industry • India is the second largest footwear producer of the world after China, accounting for 9% of the world market with ~22bn pair. • Currently India exports only 10% of the footwear produced wit
Slide 10: Relaxo is a leading player in the 'Value' segment
Relaxo is a leading player in the ‘Value’ segment • Market leader in the ‘Value’ segment. • Robust product portfolio. • High Brand Equity Aligning our product portfolio with evolving consumer needs and trends Structured Market Research Product innovation Portfolio rationalization Brand Equity Regula
Slide 11: Our portfolio of brands, with strong identities
Our portfolio of brands, with strong identities Premium range of sports Formal shoes for & canvas shoes, sandals & men slippers Fashionable and light Trendy footwear for weight footwear women Most popular iconic Household name brand of Hawai slippers synonymous with quality, comfort & value Trendy a
Slide 12: Sustained manufacturing excellence
Sustained manufacturing excellence Strong in-house manufacturing capabilities • 8 manufacturing facilities with a capacity to produce ~7.5 Lac pair/day. • Continuous focus on optimising operations – Dedicated line for manufacturing fast moving SKUs – Lean manufacturing (waste minimisation without co
Slide 13: Strong distribution network; one of the largest in the Indian footwear industry
Strong distribution network; one of the largest in the Indian footwear industry Jammu & Kashmir Retailers/ MBOs 50,000+ Haryana Delhi Punjab Himachal Pradesh Uttarakhand Distributors ~700 Countries exported to ~40 Rajasthan Uttar Pradesh EBO 390 Overseas office in Dubai 1 Bihar Gujarat West Bengal M
Slide 14: With a growing online presence
With a growing online presence www.shopatrelaxo.com Partnerships with major ecommerce companies 13
Slide 15: Robust financial performance..
Robust financial performance.. ₹ in Crore Revenue from Operations EBITDA 2292 2410 409 2,600 500 2,500 1949 2,400 2,300 1712 2,200 1652 324 2,100 302 400 2,000 1,900 1,800 240 231 1,700 1,600 300 1,500 1,400 1,300 1,200 1,100 1,000 200 900 800 700 600 500 100 400 300 200 100 0 0 FY16 FY17 FY18 FY19
Slide 16: with operational efficiencies
with operational efficiencies EBITDA % PAT % 9.4% 17.0% 8.3% 15.5% 7.3% 7.6% 14.0% 14.0% 14.1% 7.0% FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 RoCE % RoE % 31.8% 31.0% 28.4% 27.2% 26.4% 24.8% 22.1% 23.6% 18.8% 19.0% FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 is based on IGAAP. FY1
Slide 17: Debt ratings and profile
Debt ratings and profile Debt/ Equity (X) Interest coverage ratio (X) 39.8 29.4 18.3 0.4 12.8 0.2 0.2 8.6 0.1 0.02 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Credit Ratings Agency Instruments Ratings Comments Indicates very strong degree of safety for short term debt instruments. ICRA Short T
Slide 18: Consistent dividend payout
Consistent dividend payout Dividend in ₹ crore Dividend as a % of Face value 180% 125% 150% 100% 60% 7.2 12.0 18.0 22.3 31.0 FY16 FY17 FY18 FY19 FY20 * Pre Bonus 17
Slide 19: EPS and Net Worth
EPS and Net Worth Net Worth in ₹ crore EPS in ₹ 13.40 10.02 9.99 9.12 7.07 480 606 761 1105 1272 FY16 FY17 FY18 FY19 FY20 * Post Bonus 18
Slide 20: Advancing towards Tomorrow, Today
Advancing towards Tomorrow, Today Streamline the Continued Increase exports by distribution network investment in our expanding our – especially in brands to sustain presence in underpenetrated demand pull international markets markets 1 2 3 4 5 6 Continued Innovation and Increase the manufacturing
Slide 21: Highly experienced Board of Directors
Highly experienced Board of Directors Ramesh Kumar Dua, Managing Director Mukand Lal Dua, Whole Time Director Over 44 years of experience in sales and marketing, production and new product Over 47 years of experience in new product development and quality control in development in Footwear Indus
Slide 22: And a strong management team
And a strong management team Mr. Gaurav Dua, Mr. Ritesh Dua, Mr. Nitin Dua, Mr. Ashish Srivastava , Executive VP - Executive VP - Finance Executive VP - Retail VP – Human Resources Marketing MBA having over 19 years MBA having over 20 years MBA having over 16 years MBA having over 22 years of experi
Slide 23: Shareholding pattern as of 31st March, 2020
Shareholding pattern as of 31st March, 2020 68467 * Total Shareholders -68573 (19.67%) Promoter & Promoter Group Mutual Funds 16* (6.40%) Foreign Portfolio Investors 12* (70.98%) Others * No. of Shareholders with Shareholding Percentage 22
Slide 24: Awards and recognitions
@ (business|today) business|todg) 7 a EY Entrepreneur Mr. Ramesh Kumar Dua India's Most Valuable India’s Most Valuable Of The Year India’s Best CEO Company -2019 Company-2018 (Consumer Goods) Rank 220 Rank 279 Mr Ramet Kura Oust 2017 (Consumer Category) 7) Safety Rating dun&bradstreet dun&bradstreet
Slide 25: Thank You
Thank You RELAXO