Sky Gold And Diamonds Limited · NSE:SKYGOLD
Sky Gold And Diamonds — Q4 FY24 Earnings Presentation
44 slides from Sky Gold And Diamonds's earnings presentation, Jun 21, 2024
Slide 1: Submission of Investor/Analysts Presentation to exchanges
Date: 21/06/2024 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, 25th Floor, Dalai Street, Fort, G Block, Bandra-Kurla Complex, Mumbai 400001 Bandra (East), Mumbai 400051 Scrip Code: 541967 Trading Symbol: SKYGOLD Subject: Submiss
Slide 2: Investor Presentation - Q4 FY24
Investor Presentation - Q4 FY241
Slide 3: Safe Harbor Statement
Safe Harbor Statement Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might dif
Slide 4: From Tradition to Transformation: Sky Gold 1.0 to 2.0
From Tradition to Transformation: Introducing Beginning Of A New Era Sky Gold 1.0 Sky Gold 2.0 3
Slide 5: Agenda
01 Q4 & FY24 Financial Snapshot 02 Update on New Acquisitions 03 Company Overview & Milestones 04 Experienced Management Team 05 Robust Design, Manufacturing & Quality Control Process 06 Products & Sub-Brands 07 Sky Gold Vision 2.0 08 Financial Delivery 4
Slide 6: Q4 & FY24 Financials
04 & FY24 Financials ee —-
Slide 7: Q4 FY24 Performance Highlights (Y-o-Y)
Q4 FY24 Performance Highlights (Y-o-Y) Q4 FY24 Q4 FY24 Q4 FY24 Revenues EBITDA PAT INR 513.4 Crs INR 25.3 Crs INR 13.6 Crs +90.2% +116.8% +123.9% Y-o-Y Y-o-Y Y-o-Y Revenue Split Capacity Utilization (Kg/Month) 12% 300 270 250 200 88% Export Domestic Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 6
Slide 8: Q4 FY24 Performance Highlights
Q4 FY24 Performance Highlights All Figures In Rs Cr Revenue from Operations Gross Profit & Gross Margin % 6.1% 5.3% 6.9% +90% 513.4 460.4 +114% 35.5 269.9 24.5 16.6 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 EBITDA & EBITDA Margin % PAT & PAT Margin % 4.3% 3.9% 4.9% 2.3% 1.9% 2.7% +116% 25.3 +1
Slide 9: FY24 Performance Highlights (Y-o-Y)
FY24 Performance Highlights (Y-o-Y) FY24 FY24 FY24 Revenues EBITDA PAT INR 1745.5 Crs INR 77.2 Crs INR 40.5 Crs +51.3% +112.7% +117.5% Y-o-Y Y-o-Y Y-o-Y Revenue Split Capacity Utilization (Kg/Month) 6% 300 200 200 170 94% Export Domestic FY 21 FY 22 FY 23 FY24 8
Slide 10: FY24 Performance Highlights
FY24 Performance Highlights All Figures In Rs Cr Revenue from Operations Gross Profit & Gross Margin % 3.6% 4.3% 6.0% +48% 1,745.5 1,153.8 104.7 +91% 796.3 49.8 28.6 FY22 FY23 FY24 FY22 FY23 FY24 EBITDA & EBITDA Margin % PAT & PAT Margin % 2.6% 3.1% 4.4% 2.2% 1.6% 2.3% 77.2 +54% 40.5 +95% 36.3 17.0
Slide 11: Consolidated Profit & Loss Statement – Q4 & FY24
Consolidated Profit & Loss Statement – Q4 & FY24 Profit & Loss Statement (Rs. Crs.) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 513.4 269.9 90.2% 460.4 11.5% 1,745.5 1,153.8 51.3% Cost of Materials Consumed 570.4 265.9 508.2 1,821.7 1,114.9 Changes in Inventories of F
Slide 12: Consolidated Balance Sheet – Q4 & FY24
Consolidated Balance Sheet – Q4 & FY24 ASSETS (Rs. Crs.) 31-Mar-24 31-Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-24 31-Mar-23 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 13.2 10.7 Property, plant and equipment 24.7 6.2 (b) Other equity 230.9 87.4 Capital work‐in‐progress 1.0 0.1
Slide 13: Consolidated Cashflow Statement – Q4 & FY24
Consolidated Cashflow Statement – Q4 & FY24 Cash Flow Statement (Rs. Crs.) Mar-24 Mar-23 Cash Flow from Operating Activities Profit before Tax 54.1 25.0 Adjustment for Non-Operating Items 23.6 10.9 Operating Profit before Working Capital Changes 77.7 36.0 Changes in Working Capital -201.5 -35.3 Cash
Slide 14: Update on New Acquisitions
Update on New Acquisitions 13
Slide 15: Bolstering Portfolio with Acquisitions of Starmangalsutra & Sparkling Chains
Bolstering Portfolio with the Acquisitions of Starmangalsutra & Sparkling Chains M/s Sparkling Chains Private Limited (Sparkling) & M/s Starmangalsutra Private Limited (Star) “Sparkling & Star”, are engaged in the business of manufacturing of jewellery of gold, silver and other precious or base meta
Slide 16: Acquisition Rationale: Product Expansion And Enhance Future Growth
Acquisition Rationale: Product Expansion And Enhance Future Growth Administrative efficiency and optimal utilization Various resources being in a similar line of business and provide a common leadership vision for the Improved Operational Efficiency consolidated business Economies of scale The acqui
Slide 17: Company Overview
Company Overview ee —-
Slide 18: Sky Gold
SKY GOLD Leading the way in manufacturing of Casting Gold Jewellery since 2005. Established in 2005, Sky Gold has beena trailblazer in the realm of casting jewellery. Founded by three visionary founders: Mangesh Chauhan Mahendra Chauhan Darshan Chauhan Sky Gold has evolved into a symbol of excellenc
Slide 19: Some of Our Distinctive Features
Some of Our Distinctive Features are as follows: 1. Extensive Industry Experience: With years of dedicated service, Sky Gold brings a wealth of experience to the art of jewellery manufacturing. 2. Customizable Designs: We take pride in offering a personalized touch to our jewellery, ensuring that ea
Slide 20: Milestones
Milestones Sky Gold incubated as a Partnership firm, laying the foundation for its remarkable journey in the jewellery industry. eer 8 The transformative year when Sky Gold evolved into a Private Limited company, marking a significant step towards growth and expansion. SRC A milestone achievement as
Slide 21: Management Team
Mr. Mangesh Chauhan As the company’s Managing Director & Chief Financial Officer, Mr. Mangesh Chauhan, a key promoter, bringsover 15years of expertiseinthe gem & jewelry industry. Starting from humble beginnings in Mumbai's Zaveri Bazar in 2000, he co-founded “M/s Sky Gold” in partnership with Mr. M
Slide 22: Crafting Exclusively
Crafting Exclusively What sets Sky Gold apart in our collection of monopoly designs is the embodiment of exclusivity and creativity. Our exclusive creations stand as a testament to the unparalleled ingenuity and innovation of our dedicated design team. With a commitment to meeting the diverse tastes
Slide 23: Competitive Advantages
Lead Time Tech-focused From design to Manlifectizer finished product in Using latest 7-10 days. technology like 3D printing machines from Germany, Italy & The United States. Competitive Advantages Scale of Vast Design Operation Collection Leading Offering 9 lac plus single-location manufacturer in I
Slide 24: Strategic Directions
STRATEGIC DIRECTIONS Deepen & fortify our current customer connections while extending our reach into 4 x new geographical markets. Bolster our Inventory Management practices for enhanced efficiency on a global scale. Harness the power of technology for expansion, embracing international strategic d
Slide 25: Design Process
| Empathise \\ Global Consumer f/ Research Sales Analysis & Feedback Trend Study & Forecast Design Process Inspiration oe | Form J’ Generation 3 Design Hand Sketch Technical Drawing MANUFACTURING 24
Slide 26: Manufacturing Process
Manufacturing Process - Wax -POP 3D Printing & ; 5 j Wax Mould Casting by PoP Cavity & Flask Master Silver _....... > Setting 9 [7 oo ‘heise PoP Removal Mould y Final QC & eee Filing & Central 0.A. Gold tree Packing ¥ Bolening WV Laser Solder ~~ & Weighing Plucking 25
Slide 27: Quality Control Process
Quality Control Process Stage 1 Stage 2 Stage 3 Raw Material Testing Production Process Examination Final Inspection and = Packaging XRF Fire Assay Cleanliness Aspects Aesthetic Aspects Functional Aspects testing «Safety + Gold Purity + Shape Uniformity + No Sharp Edges +Cubic Zirconia + Wrapping De
Slide 28: Our Product
Our Product 27
Slide 29: Our Sub-Brands
Our Sub-Brands “=SKENVET ===
Slide 30: Clients
Clients Indian Stores «(cs)» ‘ Sumangali AVR mane Chai rat ~ e ) KALYAN > Your’ | boon Jewellers since 1936 JOS#ALUKKAS ] Gajanand Jewelers SULTHAN 9 40Sco apy ART: TEWELLERS cs fxs P.C. CHANDRA HOW @Xs@.@) @ & : . wees aaa ‘GOLD s OMONDS NEELKANTH
Slide 31: Global Stores
Global Stores Export to - Singapore «Malaysia -- GCC Countries - Saudi Arabia ~ Kuwait ~ Bahrain - Qatar - UAE - Oman °UK -US «Europe - Australia « New Zealand 30
Slide 32: Participation in Prestigious Shows and Industry Associations
Participation in Prestigious Shows and Industry Associations HIS JS SIGNATURE TRITIYA IIIS PREMIERE
Slide 33: A Glimpse of our Navi Mumbai Facility
Navi Mumbai Facility A Glimpse of our 32
Slide 34: Drivers of Growth
Drivers of Growth ee —-
Slide 35: Growing Jewellery Industry
Growing Jewellery Industry Organised Segment To Continue Gaining Market Share In The Retail Jewellery Market In the fiscal year 2023, the domestic gems and jewellery market was estimated at approximately Rs. 4,700 billion. 10.0% Gold jewellery dominated the Gems & Jewellery market with a 33.0% 42.0%
Slide 36: Stickiness of Business
Win-Win Proposition How our Client Benefits How Sky Gold Benefits End Customer Knowledge Higher assurity of Stickiness of Business Exclusive Customized Design Catalogue Increased Revenue & Higher Volumes leading Receivables with Larger Growth Visibility to Operating Leverage Clients Consistency and
Slide 37: Focussed Growth Strategy
Focussed Growth Strategy Improve Inventory Management & Continuous market research on understanding Latest Working Capital Cycle Trends and End Customer Tastes and Preferences Improve Operational Efficiencies Strengthen Sales efforts to add by leveraging Technology New Customers Continue to add New
Slide 38: Sky Gold Vision 2.0 – Driving next leg of growth
Sky Gold Vision: 2.0 – Driving next leg of growth Corporate Action Sky Gold Vision Total Capital To support Higher Liquidity Make in Bharat, for the World infusion of Rs. INR Increased Working available for 128 Crores Capital Higher Growth Revenues ~ Rs. 5000 Crs Key Initiatives in this Direction Re
Slide 39: Financial Delivery
Financial Delivery Se
Slide 40: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 Revenue from Operations 1,745.5 1,153.8 785.7 Cost of Materials Consumed 1,821.7 1,114.9 774.0 Changes in Inventories of FG & WIP -180.9 -10.9 -16.9 Gross Profit 104.7 49.8 28.6 GP % 6.0% 4.3% 3.6% Em
Slide 41: Historical Balance Sheet
Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 13.2 10.7 5.4 Property, plant and equipment 24.7 6.2 4.9 (b) Other equity 230.9 87.4 71.4 Capital work‐
Slide 42: Historical Cash Flow Statement
Historical Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-24 Mar-23 Mar-22 Cash Flow from Operating Activities Profit before Tax 54.1 25.0 21.7 Adjustment for Non-Operating Items 23.6 10.9 -1.8 Operating Profit before Working Capital Changes 77.7 36.0 19.9 Changes in Working Capital -201.5 -
Slide 43: Key Return Ratios
Key Return Ratios Current Ratio Return Ratios 31% 32% 1.6 27%* 1.4 1.5 1.3 ROCE 22% 21% 19% 17% ROE FY21 FY22 FY23 FY24 9% Improving Leverage Ratios 3.7 3.6 3.3 FY21 FY22 FY23 FY24 Interest Coverage Debt To Equity 2.0 1.4 1.5 Higher Return Ratios as a result of better managed 1.2 1.3 Operational & D
Slide 44: Thank You
Thank You Corporate Office: Office No.11, 1st Floor, 307/309, Rajesh Rayon Bhawan, Kalbadevi Road, Mumbai – 400 002. I-Com: 2100 | T: +91 22 2241 3636/ 2241 6363 | E: skygoldltdmumbai@gmail.com Factory: Plot No. D-222/2 TTC Industrial Area, MIDC Shiravane, Navi Mumbai – 400 706. T: +91 22 6691 9399
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