Timex Group India Limited · BSE:TIMEX
Timex Group India — Q1 FY2020 Earnings Presentation
23 slides from Timex Group India's earnings presentation, May 2019
Slide 1: Timex Group India Limited Investor Presentation Q1'FY 2019-20
Timex Group India Limited Investor Presentation Q1’FY 2019-20 1
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Past performance may not be indicative of future performance. We do not Timex’s future business prospects and business profitability, which are subject to a undertake to publicly update our forward-looking stateme
Slide 3: In the Media: TMX brand launch
In the Media TMX brand launch TMX is a new venture of the Timex Group – one that aims to provide great design and quality to a wide variety of Indian consumers. Backed by the promise of quality that you’ve come to expect from Timex, TMX is vibrant, appealing, and reliable. TMX was launched with a pr
Slide 4: Timex Group is the Oldest American Watchmaker
Timex Group is the Oldest American Watchmaker Established 1854 in Waterbury, Connecticut 1854 1901 1914 1950 1992 1997 2005 2007 2015 2019 Timex Group is founded Our Yankee Pocket Our first wristwatch is Our watches take a Our INDIGLO backlight GUESS watches are Versace watches are Giorgio Galli Des
Slide 5: About Timex Group
About Timex Group 165 years of innovation, tradition and market leadership Founded in 1854 5.000 Designs and manufactures In-house Brands in India employees innovative timepieces that design, Timex worldwide are sold in over manufacturing, Helix 100 countries assembly and TMX around the world distri
Slide 6: Timex Group
Timex Group Over 20 locations globally Subsidiary Locations Corporate & Business Unit | Locations & Offices Manufacturing | Locations & Offices India USA Cebu UK Middlebury, Norwalk Pforzheim Canada Besancon Mexico Hong Kong Italy INTERNATIONAL Shenzhen Poland Noida, Amsterdam, Paris, Baddi China Lu
Slide 7: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Timex Group B.V. Netherlands. Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting-edge design, we recognize the treme
Slide 8: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Pradeep Mukerjee | Independent Director Experience: 22 years Experience: 30+ years Qualification: B. Sc. (Computer Science) - University of Alabama Qualification: Masters in Personal Management & & a Juris doctorate from Washington & Lee Universi
Slide 9: TGIL Retail Network
TGIL Retail Network A wide network of sales doors enables TGIL to reach consumers across India MBO Large Format Defence Timex World Luxury Retail Doors Stores Canteens Showrooms Doors 5565 279 1366 49 54 9
Slide 10: International Design Credentials
International Design Credentials Creative Director – Giorgio Galli At the creative epicentre of the Timex family in Milan, the Giorgio Galli Design Lab’s team creates watches for brands across the Timex Group including Timex, Helix, Nautica, Versace, Versus and Salvatore Ferragamo. Apart from Milan,
Slide 11: TGIL Manufacturing
TGIL Manufacturing A state of the art OHSAS: 18001:2007 certified watch assembly unit in Baddi, Himachal Pradesh, India Land Area: 10,000 sq. meters; Built up area: 3,278 sq. meters Assembly of watches from piece parts to complete watch. Single shift operation Installed Capacity: 10K/ day; currently
Slide 12: TGIL Service Network
TGIL Service Network A combination of 227 locations and a customer care call centre service Authorized Lead Authorized Authorized Service Workshops Service Centres Service Centres 5 17 205 12
Slide 13: TGIL Exports
TGIL Exports Increasing Global Reach Canada* USA* China* Nepal Bangladesh Mexico* KSA* Pakistan Thailand* Philippines* Vietnam* Maldives Malaysia* Sri Lanka Singapore* Indonesia* Fiji Mauritius * Via group company 13
Slide 14: Financial Performance Q1'FY 2019-20
Financial Performance Q1’FY 2019-20 14
Slide 15: Financial Performance Q1'FY 2019-20
TGIL Financial Performance Q1’FY 2019-20 Slowdown in retail weighing heavily on this quarter’s result. Revenue grown by 4% during the quarter over last year. EBIDTA de-grown by 66% during the quarter over last year on account of higher marketing spends on new brand launch. PBT de-grown by 102% durin
Slide 16: TGIL Financial Performance Total Income
TGIL Financial Performance Q1’FY 2019-20 500 8.0% 7.4% EBIDTA 6500 Total Income 450 438 EBIDTA % Growth: 4% 400 6.0% 6208 350 Rs. in lakh Rs. in lakh 300 4.0% 6000 5945 250 2.4% 200 2.0% 150 150 5500 100 0.0% Q1'2019 Q1'2020 Q1'2019 Q1'2020 16
Slide 17: Annual Financial Performance: Total Income
TGIL Annual Financial Performance Total Income CAGR 14% 26000 24190 24000 22000 21015 19995 20000 Rs. in lakh 18000 17338 16000 14243 14000 12000 10000 2014-15 2015-16 2016-17 2017-18 2018-19 Note: GST Implemented from July 1, 2017 therefore revenue numbers are not strictly comparable to past. 17
Slide 18: Annual Financial Performance: EBIDTA
TGIL Annual Financial Performance EBIDTA 1500 1129 1153 1000 500 Rs. in lakh 105 0 2014-15 2015-16 2016-17 2017-18 2018-19 -292 -500 -792 -1000 18
Slide 19: Annual Financial Performance: EBIDTA %
TGIL Annual Financial Performance EBIDTA % 6.0% 5.4% 4.8% 4.0% 2.0% 0.5% 0.0% 2014-15 2015-16 2016-17 2017-18 2018-19 -2.0% -1.7% -4.0% -5.6% -6.0% 19
Slide 20: Annual Financial Performance: PBT
TGIL Annual Financial Performance PBT 1000 835 752 500 Rs. in lakh 0 2014-15 2015-16 2016-17 2017-18 2018-19 -500 -381 -1000 -927 -1098 -1500 20
Slide 21: TGIL Shareholding Pattern
TGIL Shareholding Pattern 30-Jun-16 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% Institutional Investors 0.03% 0.03% 0.03% 0
Slide 22: TGIL Market Capitalization
TGIL Market Capitalization 6 year CAGR: 30% Timex Share Price vs BSE Small Cap 50,000 42,853 43,156 57 16000 41,188 42,349 40,000 54 15500 30,941 30,000 51 15000 20,000 17,808 48 14500 8,874 10,000 45 14000 - 42 13500 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 01-Apr-19 22-Apr-19 13-May-19 03-
Slide 23: TIMEX
TIMEX