Banswara Syntex Ltd · NSE:BANSWRAS

Banswara Syntex — Q2 FY16 Earnings Presentation

39 slides from Banswara Syntex's earnings presentation, November 2015

  1. Slide 1: Investor Presentation – November 2015

    SYNTEX LTD Investor Presentation – November 2015

  2. Slide 2: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Banswara Syntex Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu

  3. Slide 3: Q2 FY16 Result Highlight

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  4. Slide 4: Strong Sequential Recovery Underway - Consolidated

    Strong Sequential Recovery Underway - Consolidated Revenue Rs crs EBIDTA Rs crs +5% +1% 308.9 325.4 40.4 40.7 289.1 294.8 292.7 38.3 35.3 28.0 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 PBT Rs crs PAT Rs crs +67% +82% 8.7 5.4 5.2 3.0 2.9 3.0 1.7 1.5 -2.4 -1.5 Q2FY15 Q3FY15

  5. Slide 5: Q2 FY16 Results Highlights

    Q2 FY16 Results Highlights  Revenue growth of 1% to Rs. 325 crores  Revenues loss form Coach logo business and dissolving of Carreman JV impacting sales  Better realisations from Garmenting and Fabrics business led to improvements in Gross Margins  EBITDA grew by 8% to Rs. 40.7 crores  EBITDA m

  6. Slide 6: Debt Repayment on Schedule

    Debt Repayment on Schedule Net Debt Rs. crs Debt:Equity Ratio 49 666 64 3.1 617 2.8 553 2.4 Mar-14 Mar-15 Sep-15 Mar-14 Mar-15 Sep-15 Net Debt includes Current Maturity of Debt 6

  7. Slide 7: Consolidated Q2 & H1 FY16 P&L Highlights

    Consolidated Q2 & H1 FY16 P&L Highlights Rs Crs Q2 FY16 Q2 FY15 Y-o-Y H1 FY16 H1 FY15 Y-o-Y Total Operating Income 325.4 321.5 1% 618.1 621.3 -1% Raw materials 158.4 159.6 299.5 312.6 Employee Exp 50.9 47.8 96.7 90.6 Other Expenses 75.3 76.4 145.8 141.9 EBIDTA 40.7 37.7 8% 76.1 76.1 - Margin % 13% 1

  8. Slide 8: About Banswara Syntex Ltd

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  9. Slide 9: Business Snapshot

    Business Snapshot Vertically Integrated Textile Revenue Growth Solutions Company 10% CAGR over last 5 years Reputed Production Domestic and Facilities at International Exports to more Daman, Clients than 60 countries Surat & Banswara In-House R&D J.V. with “Treves SA” of France for Design Studio Aut

  10. Slide 10: Vertically Integrated Textile Solutions Company

    Vertically Integrated Textile Solutions Company Yarn  Produces blends of viscose staple fibre, polyester Yarn staple fibre, acrylic staple fibre, lycra, cotton, linen and wool Retail Brand  Production Capacity – 35,460 tons pa o 33,300 tons - polyester blended dyed yarns o 2,160 tons - wool mix ya

  11. Slide 11: Evolution – Complete Textile Vertical

    Evolution – Complete Textile Vertical • Incorporated as • Started • Started first unit • 2nd unit of 15 MW • Bought the a Joint Sector production of of 18 MW captive thermal power plant complete stake Co. with RIICO Readymade thermal power • Started wool & wool in Carreman JV Ltd. Garments plant mix

  12. Slide 12: Leadership Team

    Leadership Team 2 4 1 3 1 Mr. R L Toshniwal – Chairman 2 Mr Rakesh Mehra – Vice Chairman  Masters degree in Textiles from Leeds University, UK  Chartered Accountant from ICAI  52 years experience in Textile Industry  29 years experience in Textile Industry  On the board of four other companies

  13. Slide 13: Board of Directors

    Board of Directors Mr. R. L Toshniwal Mr. Rakesh Mehra Chairman Vice-Chairman Mr. Ravindra Kumar Toshniwal Mr. Shaleen Toshniwal Managing Director Joint Managing Director Mr. Parduman Kumar Mr. D P Garg Dr. S B Agarwal Independent Director Independent Director Independent Director Mr. Vijay Kumar Ag

  14. Slide 14: Business Overview

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  15. Slide 15: Business Model (Process)

    Business Model (Process) Spinning Weaving & Processing Garmenting Woolen Worsted Fabric, Garments / Made-Ups Cotton Fabric & Technical (Trousers, Jackets & Fabric Waist Coats) Polyviscose & Processing & Worsted Finishing into Spinning Fabric Spun Yarn for Fabric for Internal Use Internal Use Externa

  16. Slide 16: Yarn

    Yarn  One of the largest single-mill setups producing spun fibre-dyed yarns in Asia  Specialties include :  P/V Dyed Yarn - Rigid and Lycra, 100% Acrylic Yarn, Worsted Yarn with blends like P/W and P/W/Lycra  Specialty Yarn - Grindle and Slub in Dyed form  90% of production consists of fibre-dy

  17. Slide 17: Fabric

    Fabric  Hi-Quality Hi-Performance Textile wear finished fabric Poly Viscose Worsted Fabric for both Domestic and Exports Fabric  Leadership in Poly Viscose and Poly Viscose Lycra for Suiting  Presence Across: Worsted, Wool Specialties, Viscose, Poly Viscose, Poly Viscose Lycra, Cotton Suiting and

  18. Slide 18: Readymade Garments

    Readymade Garments  Specialties:  Formal Trousers – Water Repellent and Stain Release  Suits – In depth know-how in Lined and Unlined 3-Piece Suiting  Casuals - Enzyme Washed/Bleached Casual Bottoms & Jackets  Garmenting units – Daman and Surat SEZ  Installed capacity for 3.45 lakh Trousers &

  19. Slide 19: Domestic Clientele

    Domestic Clientele E-Commerce Clients: 19

  20. Slide 20: International Clientele

    International Clientele Increasing presence in Garmenting Space 20

  21. Slide 21: Global Presence

    Global Presence USA & Geographical Export Canada France & Russia break up FY15 UK Others Greece UAE 8% Gulf Mexico India 14% America 30% Europe 49% Exports to more than 60 countries 21

  22. Slide 22: Manufacturing Capability

     Manufacturing Capability 22

  23. Slide 23: Manufacturing Facilities

    Manufacturing Facilities Surat SEZ Unit Thermal Power Plant Daman Facility Banswara Facility Invested over Rs. 14 crores towards expansion and modernization of Surat SEZ over 5 years 23

  24. Slide 24: Manufacturing Capabilities

    Manufacturing Capabilities Spinning Unit Weaving Unit Dyeing Unit Garmenting Unit Invested over Rs. 425.7 crores towards expansion and modernisation during the last 5 years 24

  25. Slide 25: Spinning and Yarn

    Spinning and Yarn Synthetic Blended Yarn Spinning Worsted Yarn (Spindles) 130,552 130,552 130,552 21,120 21,120 21,120 129,016 14,400 14,400 127,012 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 Fiber & Wool Dyeing (MT/month) Yarn Dyeing 1,050 150 150 150 150 150 840 840 840 840 25 FY11 FY12 FY1

  26. Slide 26: Fabric Weaving and Processing

    Fabric Weaving and Processing Sales in Lac Mtrs/Year Commodity Fabric Capacity in Lac Mtrs/Year 167 163 Revenue in Rs Crores 151 154 Fabric Weaving Fabric Weaving 95 360 360 +7% CAGR 336 312 288 532 488 470 403 354 FY11 FY12 FY13 FY14 FY15 Value Added Fabric 164 160 157 155 FY11 FY12 FY13 FY14 FY15

  27. Slide 27: Garmenting

    Garmenting Capacity in ‘000 pcs/month Trousers 345 345 345 Garmenting Sales (Rs Crores) 270 285 212 FY11 FY12 FY13 FY14 FY15 189 +28% CAGR Suiting 345 345 345 136 270 285 114 80 FY11 FY12 FY13 FY14 FY15 Jackets 38 FY11 FY12 FY13 FY14 FY15 30 30 23 15 27 FY11 FY12 FY13 FY14 FY15

  28. Slide 28: In-House Research & Development

    In-House Research & Development  World class fabric testing laboratory as per ISO, AATCC, ASTM, LS & Co., M & S etc. testing protocol  Achieved accreditation of Levis & Co., Marks & Spencer and undergoing ISO 17025 NABL accreditation  Computer software for developing new designs for manufacturing

  29. Slide 29: Awards and Achievements

    Awards and Achievements  First laboratory in the country to be approved by Marks & Spencer, UK and Levis Strauss & co., USA  Golden trophy for BEST EXPORTER of "Synthetic and Rayon Spun Fabric Silver Trophy for SECOND BEST Exporter  Accredited partner for Semi-Luxury bag brand “Coach” for three y

  30. Slide 30: Business Strategy

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  31. Slide 31: Business Initiatives…

    Business Initiatives… Major Capex Completed Production of worsted fabric below Established Own Design Studio optimum and Marketing Network in Europe levels Time taken Discontinued Consolidating Product Portfolio to increase logo business in Fabrics share of for Coach Suites and impacting Jackets Las

  32. Slide 32: …creating Future Drivers

    …creating Future Drivers Increasing market Hired designers from Penetrating retail presence for Europe and USA branded segment Worsted fabric increasing store count Increasing utilization of New In- House fabric and design studio in stabilizing Paris garmenting unit Going Incremental growth from For

  33. Slide 33: Detailed Financial Performance

     Detailed Financial Performance 33

  34. Slide 34: Standalone Quarterly P&L Highlights

    Standalone Quarterly P&L Highlights Rs Crs Q2 FY16 Q2 FY15 Y-o-Y H1 FY16 H1 FY15 Y-o-Y Total Operating Income 324.2 320.9 1% 615.7 620.7 -1% Raw materials 157.5 159.1 297.7 312.7 Employee Exp 50.1 46.9 95.1 89.1 Other Expenses 76.6 77.8 148.2 144.3 EBIDTA 39.9 37.0 8% 74.8 74.6 0% Margin % 12% 12% 1

  35. Slide 35: Standalone Operating Performance

    Standalone Operating Performance FY15 Revenue impacted due to Revenue Rs crs  Delay in stabilization of Worsted fabric unit +14% CAGR 1,212 1,226  Loss of Coach Logo business to the 1,096 tune of Rs 50 crores 924 809  Dissolved Joint Venture with Carreman FY11 FY12 FY13 FY14 FY15 EBIDTA Rs crs FY

  36. Slide 36: Standalone Revenue Performance

    Standalone Revenue Performance Segment Gross Revenue Rs crs Geographic Gross Revenue Rs crs 1,231 1,236 1,231 1,236 1,130 1,130 967 473 967 514 470 51% 838 838 47% 57% 417 45% 370 38% 532 470 488 403 354 53% 49% 62% 55% 43% 189 212 80 114 136 35 33 36 37 40 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY

  37. Slide 37: Consolidated Annual P&L Highlights

    Consolidated Annual P&L Highlights Rs Crs FY15 FY14 Y-o-Y Total Operating Income 1230.6 1215.4 1.3% Raw materials 617.2 581.6 Employee Exp 183.5 162.3 Other Expenses 288.9 293.5 EBIDTA 140.9 178.0 -20.8% Margin % 11.45% 14.65% Other Income 17.0 4.2 Depreciation 62.6 53.7 Finance Cost 81.0 81.5 PBT 1

  38. Slide 38: Consolidated Balance Sheet

    Consolidated Balance Sheet Rs. Cr. Sep 15 Mar 15 Rs. Cr. Sep 15 Mar 15 EQUITY AND LIABILITIES ASSETS Shareholders Funds 231 221 Non-Current Assets 518 535 Share Capital 17 16 Fixed Assets 506 525 Reserve & Surplus 214 204 Non current investment 1 1 Money received against share Long term loans & Adva

  39. Slide 39: For further information, please contact:

    For further information, please contact: Company : Investor Relations Advisors : Banswara Syntex Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L24302RJ1976PLC001684 CIN: U74140MH2010PTC204285 Mr. J.K.Jain - CFO Ms. Ruchi Rudra / Ms. Dikshita Jain jkjain@banswarafabrics.com rruchi@sgapl.net / jdikshi

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