Renaissance Global Limited · NSE:RGL
Renaissance Global — Q4 FY2024 Earnings Presentation
35 slides from Renaissance Global's earnings presentation, May 2024
Slide 1: Results Presentation Q4 & FY24
Results Presentation Q4 & FY24 and many more…
Slide 2: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations,
Slide 3: Content
Content Q4 & 12M FY24 Company Annexure Results Overview Overview 4 15 28 3
Slide 4: Q4 & FY24 Results Overview
iO Renaissance Global Limited Q4 & FY24 Results Overview
Slide 5: Q4 & FY24 Financial Summary
Q4 & FY24 Financial Summary Revenue (Rs. Crore) EBITDA (Rs. Crore) EBITDA 7.6% 8.4% 7.5% 7.9% 6% Margin (%) 168 168 7% 18% 38 45 499 537 2,237 2,107 Q4 FY23 Q4 FY24 12M FY23 12M FY24 Q4 FY23 Q4 FY24 12M FY23 12M FY24 PAT (Rs. Crore) EPS (Rs.) PAT 3.9% 3.9% 3.9% 3.5% Margin (%) 9 8 88 74 7% 1
Slide 6: Management Message
Management Message Commenting on the performance for Q4 & 12M FY24, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: "We achieved a resilient performance this quarter with increased operating margins. Our D2C vertical is showing promising growth and remains a focal point fo
Slide 7: Outlook
Outlook We are currently seeing a healthy growth in our factory order book which is 25%-30% higher YoY Based on this growth as well as strong anticipated performance from our D2C vertical, the company expects the overall revenue growth from the studded business to be in the range of 10%-15% YoY
Slide 8: Key Developments
Key Developments Renaissance Global Ltd. has received an award at the 50th GJEPC Award ceremony in the jewellery category for FY23. 8
Slide 9: Growing D2C (Owned Brands)
Growing D2C (Owned Brands) India Business U.S. Owned Brands …Among others • IRASVA is a fine jewellery brand based in India. • It’s Inaugural store was launched in May 2019 in South • As a part of our endeavor to grow the D2C Mumbai . branded segment , we have over the years • Current we have four s
Slide 10: Licensed Brands offering
Licensed Brands offering We have a bouquet of licenses from global brands. We design, manufacture and distribute jewellery using these licenses through B2B channels as well as D2C through our own websites. Specialty Jewellery Stores B2B Big departmental stores Websites owned and managed by us D2C E
Slide 11: Q4 & 12M FY24 Operational Summary
Q4 & 12M FY24 Operational Summary Revenue Break-up Q4 Q4 12M 12M 12M Shift % Shift % Shift % Revenue Mix (%) (₹ Cr.) FY24 FY23 FY24 FY23 vs FY23 FY22 vs FY22 D2C Licenced Brands Customer Brands Plain Gold D2C (Our Brands) 46.8 42.2 10.9% 187.4 150.5 24.5% 29.6 532.5% 10% 11% 12% 11% India brand (Ira
Slide 12: FY24: Financial & Operational Discussions (Y-o-Y)
FY24: Financial & Operational Discussions (Y-o-Y) Revenue Total income stood at Rs. 2,117 crore from Rs. 2,243 crore in FY24 Licensed Brands business revenues steady at Rs. 437 crore supported by a steady flow of orders from retail partners and D2C customers along with new launches D2C Owned bra
Slide 13: Leveraging the growing popularity of Lab Grown Diamonds in D2C
Strategically leveraging the growing popularity of Lab Grown Diamonds (LGD) in the D2C vertical 12M FY24 D2C 48% 52% Globally, LGDs have gained widespread traction, especially in the segments of engagement rings and solitaire jewellery LGD B2B 4% 96% Natural Diamond Currently, 48% of Renaissance
Slide 14: Robust Free Cash Flow Generation
Robust Free Cash Flow Generation Free Cash Flow Generation (Rs. Cr.) 194 159 113 66 (101) Strong FCF of Rs 431 Crores over the last five years FY20 FY21 FY22 FY23 FY24 Current Inventory levels elevated due to strong order book at factory level This should support strong revenue growth Cash, Ca
Slide 15: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.76 0.52 0.29 0.30 0.28 0.22 665 699 924 1,149 843 1,026 Highly disciplined balance sheet 503 364 242 280 322 223 approach FY19 FY20 FY21 FY22 FY23 FY24 Net Debt to Equity ratio as of March 2024 was at 0.28 Wo
Slide 16: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. Crore) Q4 FY24 Q4 FY23 12M FY24 12M FY23 Change (%) Change (%) Revenues from Operations 536.5 499.5 7.4% 2,107.1 2,236.6 -5.8% Other Income 3.1 1.9 59.8% 9.8 6.1 60.8% Total Income 539.6 501.4 7.6% 2,117.0 2,242.7 -5.6% COGS 372.2 351
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Crore) Mar 2024 Mar 2023 Particulars (Rs. Crore) Mar 2024 Mar 2023 Shareholder's Funds 1,148.5 1,026.5 Non-Current Assets Equity Share Capital 19.2 18.9 Fixed Assets – Tangible & 258.5 257.6 Intangible [2] Reserves & Surplus 1,129.3 1,007.1 CWIP & Intangib
Slide 18: FY2024: Strategic Priorities
FY2024: Strategic Priorities Continued focus on enhancing contribution from D2C segment Integrate customization options across brands Expand omnichannel Presence Achieve historical margin range in the D2C business 18
Slide 19: Company Overview
iO Renaissance Global Limited Company Overview
Slide 20: Corporate Snapshot
Corporate Snapshot Global Jewellery Company focused on designing, manufacturing and distribution of branded jewellery 7 6 624 cr. Licensing Direct-to- Branded agreements with Consumer jewellery* global brands websites revenues in FY24 Strong presence in global markets of North America, Europe & Asia
Slide 21: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Revenue contribution from Branded Jewellery* segment in Studded Segment 33% Association with globally-recognized brands 31% Increased presence in high-potential key global 25% markets 21% Renaissance’s Branded Jewellery Better pricing on the back of brand
Slide 22: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Click on the logo for the website link Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Business Direct-to- Distribution (B2B) (through retail Consumer (D2C) and jewellery store (through our
Slide 23: 'Win-Win' Partnership with Global Iconic Brands
‘Win-Win’ Partnership with Global Iconic Brands Renaissance Global Global Brands PUSH STRATEGY PULL STRATEGY Conceptualisation & design Licensing agreements Brand development Manufacturing IP rights of brands Long-term license contracts Product marketing Marketing Distribution Spec
Slide 24: Growing Portfolio of Brands
Growing Portfolio of Brands Licensed Brands Partnership with Hallmark since 2015 Licensing arrangement with Disney since 2016 with the launch of Enchanted Disney Fine jewelry Success of brand unlocked more licensing opportunities Launched Disney Jewels in October 2019 & Disney Treasures in F
Slide 25: Growing Portfolio of Brands
Growing Portfolio of Brands Owned Brands Launched first India-focused retail brand IRASVA in 2019 Operates 3 IRASVA stores in India Jewelili, a play on affordable fine jewellery collection launched in February 2020 Distributed through Amazon platform in addition to its own website Building a
Slide 26: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline Successfully developed February July November February May Dec and launched 6 online 2020 2020 2020 2021 2021 2023 stores Monthly visitors on websites grown 10x since Feb 2020 (UK) Segment enjoys higher margins and healthy working capita
Slide 27: Growth Drivers
Growth Drivers Growing high-margin branded jewellery segment Extending licensing model to newer brands Increasing use of lab-grown diamonds to prioritize focus on sustainability Widening Omni-channel distribution network Inorganic growth opportunities 27
Slide 28: Conclusion
Conclusion Play on high-potential global branded jewellery industry ‘Win-Win’ partnership with global iconic brands Footprint in huge developed & developing global markets for branded jewellery Increasing scale to drive operating leverage across distribution channels High margin & low-capital intens
Slide 29: ESG Initiatives
iO Renaissance Global Limited ESG Initiatives
Slide 30: ESG Initiatives
ESG Initiatives ENVIRONMENT SOCIAL To achieve safety, health Renaissance’s CSR POLICY and environmental covers projects through NGOs excellence in all aspects of under: business activities Medical, Health Care and Renaissance Global Ltd. Social Welfare has been awarded the ISO Educational 14
Slide 31: Annexure
») Renaissance Global Limited Annexure
Slide 32: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 69.6% Foreign Institutions (FPI, FII & 3.2% NRI) Individual - >1% 4.8% Others 22.4% *Holding as on 31st March 2024 Key Market Statistics As on 31-March-2024 (Adjusted for Split) BSE/NSE Ticker 532923/RGL CMP (Rs) 99.9 Market Cap (Rs Cro
Slide 33: Conference Call Details
Conference Call Details Q4 & FY2024 Earnings Conference Call Time • 2:30 p.m. IST on Monday, June 03, 2024 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number • + 91 22 6
Slide 34: About Us
About Us Renaissance Global Limited (Renaissance) is a global branded jewellery player. Renaissance designs, manufactures and supplies branded jewellery across key high- potential markets in USA, Canada, UK & key Asian markets. The product portfolio encompasses Branded Jewellery, Customer Brands & P
Slide 35: Thank You
CO Renaissance Global Limited Thank You