Repro India Limited · NSE:REPRO
Repro India — Investor Presentation (May 2012)
20 slides from Repro India's investor presentation, May 30, 2012
Slide 1: April MOR: Marketing Team
April MOR: Marketing Team REPRO Education Content Management & Delivery Solutions Print & Digital www.reproindialtd.com
Slide 2: Repro: An Education Content Delivery Solution Provider
Repro : An Education Content Delivery Solution Provider Repro is one of the largest service provider to educational publications in India and Africa Over 85% of Repro’s revenue comes from education sector Products & Services Customers Markets Pre print solutions Focused on education publishi
Slide 3: Key Emerging Trends in The Publishing Market
Key Emerging Trends in The Publishing Market Emerging market to lead growth in Publishing Market1 Global print market is large at ~$800 bn and is expected to grow at a CAGR of 1.3% until 2016 Repro increasingly focusing This is driven by emerging markets which continue to grow at 4% while on edu
Slide 4: Indian Education – A Large Opportunity
Indian Education – A Large Opportunity India along with peers like Brazil, Russia and China falls in the category of countries which spend 2-4% of their GDP on education compared with developed countries spend of 5-6% of GDP The government proposes to increase the education expense to 5% of GDP
Slide 5: India - A Growing but Fragmented US$ 1.75 bn market
India - A Growing but Fragmented US$ 1.75 bn market Indian books market estimated to be $1.75bn in size is highly fragmented with over 8,000 publishers Print Market forecast to grow at 14% driven by increased education thrust, and shift from second hand books to new books with increased affordab
Slide 6: African Education – Large Untapped Opportunity
African Education – Large Untapped Opportunity Key Enablers in the African Education Market Repro Present in 16 Countries Across Africa Large population (1.1 billion) with 60% comprising of children and students between age group of 3 - 20 years Development policies by governments and multilater
Slide 7: Repro: Clear Shift to Capitalise the Opportunity in India and Africa in Education
Repro : Clear Shift to Capitalise the Opportunity in India and Africa in Education Revenue by Segment 3% Education 5% 6% 20% Annual Reports 6% Magazines 13% 61% Others 86% 2008 Rev: Rs 150 Cr 2012 Rev: Rs 345 Cr Revenue from Indian Education Segment (Rs Cr) Revenue from Africa (Rs Cr) Affected by de
Slide 8: Repro Has Built A Strong Portfolio of Long Standing Customer Relationships
Repro Has Built A Strong Portfolio of Long Standing Customer Relationships Customer Relationship Driven Organization Relationship of over 2 decades with all leading publishers in India and across the globe Dealing with over 250 publishers and managing their content, IPR protection through ECM, t
Slide 9: Adding Products & Services to Provide End to End Content Delivery Solutions
Adding Products & Services to Provide End to End Content Delivery Solutions Products Service Solutions Complete range of print solutions to all publishers Content solutions: Content Digitization; Content Conversion; Content Management Text books, exam study materials Print on Demand and Shor
Slide 10: State-of-Art High Capacity Manufacturing Facilities
State-of-Art High Capacity Manufacturing Facilities Navi Mumbai Chennai • Established in 1994 • Acquired Macmillan’s printing operations • Area: 75,000 sq. ft. • Area: 30,000 sq. ft. • Capacity*: 30,000 MT • Capacity*: 5,000 MT Surat POD Facility at Navi Mumbai • Established in 2008 • Established in
Slide 11: Content & Delivery Management
Content & Delivery Management Content Management Delivery Management Integrated Solutions Repro has invested ~$5mn in technology infrastructure and systems over last 3 years These capabilities helps in building publisher’s confidence to entrust us with IPR rights Repro Serves As “One Stop Shop”
Slide 12: Digital Delivery – A Large Emerging Opportunity
Digital Delivery – A Large Emerging Opportunity Growing demand for customised short runs book orders and fulfilment solutions The market is growing at 40% and will be ~$300 bn by 20161 Growth in tablets and hand held devices offering further opportunity for electronic delivery of enriched cont
Slide 13: Digital Journey
Digital Journey Publishing & Education Segment focused through Digital Technologies Central Processing, Multi-location production & deliveries Vision Ahead ….establish multiple centers around the world to offer best POD timelines, reduce cost of logistics and impact environment positively www.re
Slide 14: Repro is Thus a Leader Providing End-To-End Education Content Delivery Solution
Repro is Thus a Leader Providing End-To-End Education Content Delivery Solution Conventional Print Content End to End Content Solutions New Initiatives – Digital Content Delivery Leading education books printer in Content Solutions, Digitization, Large investment in technology India Conversion
Slide 15: Repro – The Way Forward
Repro – The Way Forward Expand existing relationships with global publishers to offer complete solutions Customers Enhance reach and acquire new customers in existing markets Explore new markets in emerging economies Utilize enhanced capacities at Surat & Mahape and planned expansion at Chen
Slide 16: Focused Management with A Diversified Board bringing in Vast Experience
Focused Management with A Diversified Board bringing in Vast Experience Executive Directors Independent Directors Vinod Vohra - Chairman Sanjay Asher Sanjeev Vohra - Managing Director Ullal R. Bhat Jamshed J. Irani Rajeev Vohra - Executive Director Dushyant Mehta Mukesh Dhruve - Finance Director Aly
Slide 17: Key Financials
Key Financials Repro - Financials Rs Cr FY2008 FY2009 FY2010 FY20113 FY2012 Net Sales 151 238 200 269 346 % growth 58% -16% 34% 29% EBITDA 29 35 33 1 37 62 % margin 19% 15% 17% 14% 18% Less: Depreciation 6 8 10 11 12 EBIT 23 27 23 26 51 Less: Interest exp 4 8 7 8 12 Less: Tax 3 3 (1) (3) 1 PAT 16 17
Slide 18: Key Financials (cont’d)
Key Financials (cont’d) Repro – Quarterly Financials Revenue (Rs Cr) 19% 18% EBITDA margin 17% 17% 101 18% 15% 87 14% 82 73 76 11% 67 67 62 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 www.reproindialtd.com
Slide 19: Key Financials (cont’d)
Key Financials (cont’d) Working Capital to Sales Ratio Fixed Assets Turnover Ratio 33% 29% 1.9x 28% 1.8x 2.0x 28% 26% 1.8x 1.5x FY2008 FY2009 FY2010 FY2011 FY2012 FY2008 FY2009 FY2010 FY2011 FY2012 Inventory & Debtor Turnover in Days ROCE & ROE ratios Inventory Days Debtors Days ROCE ROE 20% 140 122
Slide 20: Thank You
We will manage your content to give you a zero inventory solution by providing your books to fulfill your client’s requirements wherever, whenever from one to a million copies Thank You www.reproindialtd.com