Goldiam International Limited · NSE:GOLDIAM
Goldiam International — H1 FY24 Earnings Presentation
27 slides from Goldiam International's earnings presentation, Nov 10, 2023
Slide 1: Stock exchange cover letter for investor presentation
November 10, 2023 To, To, BSE Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400 001. Mumbai- 400 051. Scrip Code: 526729 Scrip Code: GOLDIAM EQ Dear Sir/Madam, Sub: Investor Presentation Pursuant to Regulation 3
Slide 2: Investor Presentation November 2023
Page - 1 INVESTOR PRESENTATION November 2023
Slide 3: Q2 & H1 FY24 Update agenda
Page - 2 Q2 & H1 FY24 UPDATE COMPANY SNAPSHOT INVESTMENT RATIONALE FINANCIAL SNAPSHOT COMPANY STRUCTURE & BOD
Slide 4: Q2 & H1 FY24 Update
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Q2 & H1 FY24 Update
Slide 5: Q2 & H1FY24: Key Highlights (Consolidated)
Page - 4 Q2 & H1FY24 : Key Highlights (Consolidated) In ₹ Mn Q2FY24 ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PAT & PAT MARGIN (%) 1,393 32.5% 23.9% 20.3% 16.8% 927 50 % 10% 25 % 302 332 235 188 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 H1FY24 ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PAT & PA
Slide 6: Q2FY24 Key Metrics
Page - 5 Q2FY24- Key Matrices Q2FY24 • Goldiam has been transitioning from a pure natural diamond in-store INSTORE ONLINE jewellery company to a major supplier Revenue Qty Value Qty Value Total of Lab Grown Diamond Jewellery, with Breakup an omnichannel sales strategy LAB-GROWN 16% 21.7% 6% 12.2% 34
Slide 7: Q2FY24 Key Metrics: Realisations and Inventory Break up
Page - 6 Q2FY24- Key Matrices Realisations (USD) Inventory Break up 821 Inventory 773 at Factory 526 (WIP & 423 Stock) 25% Inventory with Q2FY23 Q2FY24 Customers LGD Mined 75% • Realisations for LGD jewellery continue to be at premium to Mined Diamond jewellery for the company, due to Goldiam’s back
Slide 8: Q2 & H1FY24: Key Performance Highlights (Consolidated)
Page - 7 Q2 & H1FY24: Key Performance Highlights (Consolidated) FINANCIAL UPDATES (CONSOLIDATED) • Revenues: Goldiam’s Q2 FY24 consolidated revenue at ₹ 1393 million increased by 50% Y-o-Y basis and 15% q-o-q basis. H1 revenue at ₹ 2605 million grew by 10% Y-o-Y. Smart product mix, better inventory
Slide 9: Consolidated Profit & Loss Statement
Page - 8 Consolidated Profit & Loss Statement Q2FY24 Q2FY23 YoY % H1FY24 H1FY23 YoY Total Income 1,392.8 927.1 50% 2,604.6 2,338.0 11% COGS 880.6 445.0 -7% 1694.6 1357.6 -7% Gross Profit 512.2 482.1 -15% 910.0 980.4 -15% Gross Margin % 36.8% 52.0% (1523 bps) 34.9% 41.9% (700 bps) Employee Expenses 6
Slide 10: Consolidated Balance Sheet
Page - 9 Consolidated Balance Sheet Liabilities (In ₹ Mn) FY23 H1FY24 Asset (In ₹ Mn) FY23 H1FY24 Assets Equity Non-Current Assets Equity Share Capital 217.9 213.5 Property, Plant & Equipment 397.6 418.4 Other Equity 5,638.6 5,694.6 Capital Work in progress - Non Controlling Equity 64.6 65.5 Right t
Slide 11: Company Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Company Snapshot
Slide 12: Goldiam International: Leading Exporter of Diamond Jewellery
Page - 11 Goldiam International: Leading Exporter of Diamond Jewellery OVERVIEW • Established in 1986, today we are supplier to leading global retailers, departmental stores and wholesalers with a diversified product portfolio of • Natural diamond jewellery • Lab grown diamonds (LGD) and jewellery •
Slide 13: Our Journey - A Constant Architect of Value Addition
Page - 12 Our Journey - A Constant Architect of Value Addition IDEATE INNOVATE IMPLEMENT 1970 - 1990 1995 - 2015 2015-2018 2018-2023 • Goldiam International • Moving from commodity • Amongst the first jewellery • Further consolidation of started exports of cut and business of diamond exporting compa
Slide 14: Goldiam's Edge: Building Momentum with Strength
Page - 13 Goldiam’s Edge: Building Momentum with Strength Financial Strength Building Financial • Debt-Free Operations 1 Resilience • Cash and Cash Equivalents (including investments) over ₹ 2,776mn (H1FY24) • Ability to secure Raw Material at Competitive prices due to upfront purchase Operational S
Slide 15: Investment Rationale
Page - 14 Investment Rationale
Slide 16: Play on Value Addition and Strong Financials
Page - 15 Play on Value Addition and Strong Financials 1. Expanding our Product Portfolio 3. Distribution Policy • We are committed to maintaining a • With the acquisition of Eco-Friendly minimum payout ratio of 50% of the Diamonds LLP (EDL), we are maximising the annual Standalone Profits after Tax
Slide 17: Expanding our Product Portfolio: Our Product Offerings
Page - 16 Expanding our Product Portfolio: Our Product Offerings Mined Diamond Lab- Grown Diamond Jewellery Jewellery
Slide 18: Best-in-Class OEM for US Jewellery Retailers
Page - 17 Best-in-Class OEM for US Jewellery Retailers: Strengthening our Revenue Streams along with better RoE’s By keeping our philosophy of 3I’s (Ideate, Innovate and Implement) in mind, we are moving towards better margins, cost optimisation and omnichannel business models. Evolving our business
Slide 19: Distribution Policy: Creating Consistent Value for Stakeholders
Page - 18 Distribution Policy: Creating Consistent Value for Stakeholders Our Dividend Distribution Policy ensures sustainable and consistent returns to stakeholders. Our Prudent Capital Allocation (In ₹ Mn) • Committed to wealth-creation for all our stakeholders. 1,060.0 • Objective of Divided 165.
Slide 20: Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls
Page - 19 Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls DISTRIBUTION POLICY DEBT FREE COMPANY • Committed to wealth-creation for all its stakeholders. • With our prudent and conservative approach towards • Over the last five years, the financial engineering, we have Compa
Slide 21: Financial Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Financial Snapshot
Slide 22: Consolidated Financial Snapshot
Page - 21 Consolidated Financial Snapshot In ₹ Mn Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 21.7% 10.4% 12.4% 16.2% 14.9% 15.4% 6,877 12.4% 11.9% 20.6% 22.5% 1,547 1,060 5,332 1,250 852 4,464 4060 853 670 3,645 553 465 453 434 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 F
Slide 23: Consolidated Financial Snapshot
Page - 22 Consolidated Financial Snapshot In ₹ Mn Cash & Investments as a % of Equity Return on Equity (RoE)* 62.0% 64.6% 58.6% 21.0% 43.1% 43.4% 15.0% 15.2% 12.2% 11.2% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Leverage Analysis Working Capital Analysis 0.07 5,921 5,260 4,813 55 4,154 0.05
Slide 24: Company Structure & Board of Directors
Page - 23 Company Structure & Board of Directors
Slide 25: Our Group Structure
Page - 24 Our Group Structure Goldiam International Limited (Holding Company) Goldiam Jewellery Limited Goldiam USA Eco-Friendly Diamonds LLP Diagold Designs Limited SEEPZ Mumbai New York, USA SEEPZ Mumbai (Subsidiary Company) (Wholly Owned Subsidiary) (Wholly Owned Subsidiary) (88% Subsidiary) Manu
Slide 26: Our Board of Directors
Page - 25 Our Board of Directors Name of the Designation Description Director Executive Mr Rashesh Bhansali has over 28 years of rich and exhaustive experience in the field of diamonds & Rashesh Bhansali Chairman jewellery. Mr Anmol Bhansali has completed Bachelors of Science in Business Administrat
Slide 27: Thank You!
Page - 26 Company Secretary Mehul Mehta Pankaj Parkhiya Director Email: Dissero_Clients@dissero.co.in Email: investorrelations@goldiam.com Contact Details: +91 98202 80325 Contact Details: 022 28291893 Thank You!
Goldiam International — H1 FY24 Earnings Presentation on 6ix