Slide 1: Exchange cover letter for Q4 & FY22 results
Ref. No.: RGL/S&L/2022/107 May 30, 2022 Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Sub.: Press Relea
Slide 2: Renaissance Global announces Q4 & FY22 Results
PRESS RELEASE Renaissance Global announces Q4 & FY22 Results FY22 Total Income stood at Rs. 2,208.7 crore higher by 8% Direct-to-Consumer business revenues up 91% to Rs. 123.8 crore EBITDA stood at Rs. 200.5 crore, with margins at 9% PAT improves to Rs. 106.5 crore Mumbai, May 30, 2022: Renaissance
Slide 3: Key Developments – management commentary
Commenting on the performance for Q4 & FY22, Mr. Sumit Shah – Vice Chairman and Global CEO, Renaissance Global Limited said, “We are pleased to share that we have ended the year with a strong business and financial performance, with some key strategic developments during the year. Our like-to-like t
Slide 4: Acquisition, NFL collection and New York headquarters
This acquisition is strategic & synergistic in nature, and it strengthens Renaissance's goal of expanding its branded jewellery business The integration of Everyday Elegance Jewelry is also progressing as per plan National Football League (NFL) jewelery collection showcasing healthy progress:
Slide 5: About Renaissance Global Limited
About Renaissance Global Limited (Renaissance) Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), 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 prod
Slide 6: Results Presentation Q4 & FY22
Results Presentation Q4 & FY22
Slide 7: Disclaimer
Disclaimer This presentation and the following discussion may contain “for ward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These for ward-looking statements, which may include statements relating to future results of operations
Slide 8: Content
Content Q4 & FY22 Company Results Annexure Overview Overview 4 16 26 3
Slide 9: Q4 & FY22 Results Overview
CO Renaissance Global Limited Q4 & FY22 Results Overview
Slide 10: Q4 & FY22 Financial Summary
Q4 & FY22 Financial Summary Total Income (Rs. Crore)* EBITDA (Rs. Crore) 8% 8% EBITDA 5.8% 6.9% 5.6% 9.1% 2,209 Margin (% ) 2,047 73% 200 8% 116 584 536 34 37 Q4 FY21 Q4 FY22 FY21 FY22 Q4 FY21 Q4 FY22 FY21 FY22 *With effect from 1st Apr 2021, the Company has re-negotiated terms with most custome
Slide 11: Adjusted Financial Performance
Adjusted Financial Performance Adjusted PBT (Rs. Crore) YoY Particulars (Rs. crore) FY22 FY21 118% Change (% ) 155 Reported PAT 106.5 46.3 130% 71 Add: Non-Cash Expenses Amortization Expenses [1] 8.16 10.21 FY21 FY22 Non Cash Lease Expense [2] 10.68 1.78 Adjusted PAT (Rs. Crore) Less: Tax effect on
Slide 12: Management Message
Management Message Commenting on the performance for Q4 & FY22, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said, “We are pleased to share that we have ended the year with a strong business and financial performance, with some key strategic developments during the year. Our
Slide 13: Key Developments
Key Developments Acquisition of Four Mine Inc. The Company, through its wholly owned step down subsidiary Renaissance FMI Inc, acquired the assets of Four Mine Inc. Four Mine Inc. specializes in the sale of branded lab grown diamond engagement rings and this transaction will give Renaissance a s
Slide 14: Key Developments
Key Developments Established a Strategic Advisory Board (SAB) During the year, the company constituted a Strategic Advisory Board consisting of three renowned executives, Mr. Bijou Kurien, Mr. Franseco Pesci & Mr. John Mcantee, each of them having a rich & diverse industry experience. The SAB wi
Slide 15: Growing Direct to Consumer (D2C) Business
Growing Direct to Consumer (D2C) Business During Q4 FY22, D2C business posted revenues of Rs. 29.5 crore compared to Rs. 22.6 crore in Q4 FY21, growing by 31% YOY For the period FY22, D2C business reported revenues of Rs. 123.8 crore compared to Rs. 64.9 crore in FY21, growing by 91% YOY D2C b
Slide 16: Q4 & FY22 Operational Summary
Q4 & FY22 Operational Summary Revenue Mix (%) Revenue Break-up Q4 Q4 Shift % FY22 FY21 Shift % (Rs. Cr.) FY22 FY21 23% 16% 23% 18% Branded Jewellery 119.8 90.4 32.6% 502.7 367.2 36.9% - B2B 90.3 67.8 33.3% 378.9 302.4 25.3% 51% 59% - D2C 29.5 22.6 30.5% 123.8 64.9 90.9% 70% 70% Customer brands 370.4
Slide 17: Q4 FY22: Financial & Operational Discussions (Y-o-Y)
Q4 FY22: Financial & Operational Discussions (Y-o-Y) Revenue Total income stood at Rs. 536.3 crore from Rs. 418.9* crore, higher by 28.0% Branded Jewelry business revenues up 33% YoY to Rs. 119.8 crore D2C business revenues grew by 31% to Rs. 29.5 crore led by contribution from new website launc
Slide 18: Robust Free Cash Flow Generation
Robust Free Cash Flow Generation Free Cash Flow Generation (Rs. Cr.) 194 66 113 Strong FCF generation -44 -351 Branded Jewellery - a low capital- intensive business FY18 FY19 FY20 FY21 FY22 Operating leverage & minimal capex spends to further improve FCF generation, going ahead Cash, Cash Equi
Slide 19: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.76 0.51 0.52 Highly disciplined balance sheet 0.30 0.29 approach 665 699 558 843 924 Increase in capital deployment due to 503 364 286 242 280 higher business YoY reflecting in higher equity & debt. FY18 FY19
Slide 20: Healthy Return Ratios
Healthy Return Ratios ROE ROE (Adjusted for Cash & Current Investments) 17.58% 18.88% 16.69% 17.13% 8.78% FY22 Return on Equity grew to 12% vs 6% 12.90% 13.50% 12.00% 11.90% for FY21. It is as high as 18.88% without 6.00% considering cash & current investments. FY18 FY19 FY20 FY21 FY22 Branded b
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. crore) Q4 FY22 Q4 FY21 FY22 FY21 Change (%) Change (%) Revenues from Operations 529.3 582.9 -9.2% 2,189.8 2,031.2 7.8% Other Income 7.0 1.3 428.9% 18.9 16.1 17.4% Total Income 536.3 584.2 -8.2% 2,208.7 2,047.4 7.9% COGS 405.7 478.7 -1
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Million) March 2022 March 2021 Particulars (Rs. Million) March 2022 March 2021 Shareholder's Funds 924.0 842.9 Non-Current Assets Equity Share Capital 18.9 18.7 Fixed Assets – Tangible & Intangible 218.3 80.1 Reserves & Surplus 905.1 824.2 CWIP & Intangibl
Slide 23: Company Overview
CO Renaissance Global Limited Company Overview
Slide 24: Corporate Snapshot
Corporate Snapshot Global Jewellery Company focused on designing, manufacturing and distribution of branded jewellery 4 6 503 cr Licensing Direct-to- Branded jewellery agreements with Consumer revenues (Rs.) in global brands websites FY22 Strong presence in global markets of North America, Europe &
Slide 25: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Growing revenue contribution from Branded Jewellery Association with globally-recognized brands segment 23% Increased presence in high-potential key global 18% markets Renaissance’s Branded 13% Jewellery Better pricing on the back of branded products 10%
Slide 26: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Distribution Direct-to- Business Consumer (D2C) (B2B) 21
Slide 27: '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 28: Growing Portfolio of Brands - Licensed
Growing Portfolio of Brands Licensed Brands Partnership with Hallmark since 2015 Licensing arrangement with Disney since 2016 with the launch of Enchanted Disney Fine jewellery Success of brand unlocked more licensing opportunities Launched Disney Jewels in October 2019 & Disney Treasures in
Slide 29: Growing Portfolio of Brands - Owned
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 Made for
Slide 30: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline Successfully developed February July November November February May and launched 6 online 2020 2020 2020 2020 2021 2021 stores in a span of 24 months Monthly visitors on websites grown 10x since (UK) Feb 2020 Segment enjoys higher margin
Slide 31: 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 26
Slide 32: 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 33: ESG Initiatives
iO Renaissance Global Limited ESG Initiatives
Slide 34: 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 Social Welfare Educational Humanitarian Environmental, Animal Welfare, Cultu
Slide 35: Corporate Social Responsibility
Corporate Social Responsibility ENVIRONMENTAL, MEDICAL, HEALTH CARE AND EDUCATIONAL HUMANITARIAN ANIMAL WELFARE, SOCIAL WELFARE CULTURAL & RELIGIOUS Partnered with the Under the Each One Teach One Initiative (EOTO), Donated during natural Actively contributes to Bhaktivedanta Hospital by Ren
Slide 36: Annexure
iO Renaissance Global Limited Annexure
Slide 37: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 70.8% Foreign Institutions (FPI, FII & 2.4% NRI) Individual - >1% 3.8% Others 23.0% *Holding as on 31st March 2022 As on Key Market Statistics 31-March-2022 BSE/NSE Ticker 532923/RGL CMP (Rs) 865.85 Market Cap (Rs Crore) 1,634.68 Number
Slide 38: Conference Call Details
Conference Call Details Q4 & FY2022 Earnings Conference Call Time • 02:30 p.m. IST on Wednesday, June 01, 2022 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
Slide 39: 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 40: Thank You
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