Pds Limited · NSE:PDSL
Pds — Q1 FY23 Earnings Presentation
33 slides from Pds's earnings presentation, Aug 1, 2022
Slide 1: Exchange cover letter for investor presentation
PDSL/SE/2022-23/156 August 1, 2022 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai- 400001 Scrip Symbol: PDSL Scrip
Slide 2: Investor Update Q1 FY23
Investor Update Q1 FY23 August 2022 Strictly Private & Confidential
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by PDS Limited* (“PDS”, “the Company”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should n
Slide 4: Contents
Contents 01 Macro Economic Factors 04 PDS Giving Back to the Society 02 05 Performance Overview Power Of The PDS Platform 03 Key Business Updates 06 Shareholder Returns & Other Updates 3
Slide 5: Macro Economic Factors Driving the Industry
Macro Economic Factors Driving the Industry Rising Inflation Strengthening of USD Rising Fabric Costs ▪ Cotton prices have increased by ~13% March 22 June 22 6M YoY 9.4% Currency 22 Jul, 22 24 Jan, 22 Movement ▪ In June 22, after reaching a peak of ~70% 8.4% 9.1% 8.6% 7.9% 7.4% increase, cotton pric
Slide 6: Power of the PDS Platform
oy ie Es POWER OF THE PDS PLATFORM
Slide 7: Who are we?
Who are we? Global Fashion Infrastructure Company with customized solutions to retailers & brands 01 02 03 04 Revenues FY21-22: $1.2bn Design Led Sourcing, 91% Design-Led Sourcing as a Service Manufacturing Brands Sourcing Brands, 3% • Owned Manufacturing • 550+ Fully Compliant • Managing entire sou
Slide 8: This Quarter at a Glance
This Quarter at a Glance ₹2,340cr 44% YoY ₹73cr ($9mn) ₹44cr ($6mn) ($303mn) up 113% vs LY up 141% vs LY Q1 Topline Q1 Topline Growth Q1 EBITDA Adjusted1 Q1 PAT Growth 3 Days 30% | 28% ₹115cr ($15mn) Net Working Cap ROCE | ROE Net Debt Note: ROCE based on Net Capital Employed, EBIT includes other in
Slide 9: Key Business Updates
KEY BUSINESS UPDATES 8
Slide 10: Sourcing as a Service Model
Sourcing as a Service Model Long-term strategic collaborations – a testament to our capabilities Geography Marquee Large European Association Supermarket Exclusive: Bangladesh Exclusive: Exclusive: Non Exclusive: Exclusive: Non Exclusive: Territories Non-Exclusive: India | Bangladesh | India | Sri L
Slide 11: Focus on Expanding the Brand Portfolio
Focus on Expanding the Brand Portfolio With a low inventory risk model In House Brands Influencer/Acquired Licensed Brands Brands FW BRIDGE 200+ Licensed Characters 10
Slide 12: Record Production levels at Manufacturing Facilities
Record Production levels at Manufacturing Facilities ~4.8 mn articles manufactured in Q1 FY23 Green & Progress achieved a momentous goal of producing 900k units each in June 2022 11
Slide 13: Designed to Deliver
Designed to Deliver FY22 Annual Report Click Here to access the FY22 Annual Report 12
Slide 14: PDS Giving Back to the Society
PDS GIVING BACK TO THE SOCIETY 13
Slide 15: Soham
Soham Efforts toward schooling of +300 children in Hyderabad and Dhaka Beside the academic curriculum, students participate in drama, music, computer programs, World Yoga Day contributing to all-round development of their personality 14
Slide 16: Performance Overview
PERFORMANCE OVERVIEW Quarter ended 30th June 2022 15
Slide 17: Key Financial Highlights for this Quarter
Key Financial Highlights for this Quarter $ 303mn $ 48mn $ 9mn $ 6mn (₹2,340cr) (₹372cr) (₹73cr) (₹44cr) 44% consolidated topline growth Gross Profit (15.9% Margin) 113% growth in EBITDA 141% increase in Adjusted1 PAT ₹ 14.19 30% 28% Basic EPS ROCE ROE Note: ROCE is based on Net Capital Employed, EB
Slide 18: Performance in Q1 over last 5 years
Performance in Q1 over last 5 years Consistently delivered growth & profitability Margin % 1 Sales (₹cr) 2,340 2 Gross Profit (₹cr) 372 281 1,535 1,626 244 1,315 190 967 162 1.8x 14.4% 15.9% 2x Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Growth Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Growth 3 EBITDA (₹c
Slide 19: Revenue Break-up for Q1 FY23
Revenue Break-up for Q1 FY23 Category Wise Split Geography Wise Split Men’s Wear Men 's wear 42% UK & Europe Asia & Middle Women’s East Ladies wear 33% 76% Wear 2% Australia Children Children we ar 20% 1% Wear Essentials North America 3% Ess entials 18% Wear Others % of Total Revenue 3% OTHERS Other
Slide 20: Investment in PDS Ventures, Real Estate & others
Investment in PDS Ventures, Real Estate & others PDS Investment Portfolio ₹315cr | $40mn % of total PDS gross capital 19% employed 8% 3% 8% Venture Tech Direct Treasury Investments (42%) Real Estate & Others (15%) Investments (43%) ₹133cr | $17mn ₹46cr | $6mn ₹136cr | $17mn UK: ₹23 cr | $3mn Portfol
Slide 21: Q1 FY23 Performance Across Segments
Q1 FY23 Performance Across Segments PDS Venture Tech Sourcing Manufacturing Investments# PDS Consolidated $287mn | ₹2,216cr $22mn | ₹169cr $0.2mn |₹1.2cr $303mn Revenue Revenue captured in Other up 42% vs LY up 78% vs LY Income (₹2,340cr) EBIT $8mn | ₹60cr $1mn | ₹4cr -$0.7mn | -₹5cr $7mn (Including
Slide 22: Consolidated Profit & Loss
Consolidated Profit & Loss For the period ended June and March for respective years ₹ in cr, unless mentioned otherwise Quarter ended Quarter ended Growth Year Ended Quarter ended Key Highlights of performance during the quarter: Particulars 30 Jun, 22 30 Jun, 21 (Y-o-Y) Mar 31, 22 31 Mar, 22 Income
Slide 23: Normalized PBT
Normalized PBT Q1FY23 vs Q1 FY22 | Q4 FY22 ₹ in cr, unless mentioned otherwise Quarter ended Quarter ended Quarter ended Particulars 30 Jun, 22 30 Jun, 21 31 Mar, 22 ➢ Y-o-Y Normalized PBT Income from operations 2,340 1,626 2,775 margins expanded by PBT 47 62 93 100bps % PBT Margin 2.0% 3.8% 3.3% Ad
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ in cr, unless mentioned otherwise As on As on As on As on As on As on Particulars Particulars 30-Jun-22 31-Mar-22 30-Jun-21 30-Jun-22 31-Mar-22 30-Jun-21 Non-Current Assets 823 787 565 Calculated basis LTM P&L items Current Assets 2,369 2,611 1,884 Inventory Days 15 15 1
Slide 25: Stock Price Performance & Other Update
STOCK PRICE PERFORMANCE & OTHER UPDATE 24
Slide 26: What PDS has achieved since listing?
What PDS has achieved since listing? PDS Share Price Evolution since Listing (PDS IRR 30% vs BSE MidCap IRR: 12%) ₹1,694 ₹234 Oct-14 Oct-20 Oct-15 Oct-16 Oct-17 Oct-18 Jul-19 Oct-19 Oct-21 Jan-15 Apr-15 Jul-15 Jan-16 Apr-16 Jul-16 Jan-17 Apr-17 Jul-17 Jan-18 Apr-18 Jul-18 Jan-19 Apr-19 Jan-20 Apr-20
Slide 27: Dividend Distribution & Stock Split
Dividend Distribution & Stock Split Shareholder approval received Approval received for FY22 Proposed Dividend Stock Split Approved Pre Post Particulars FY22 FY21 Growth % Particular Stock Split Stock Split EPS per share (₹) 95.38 32.37 195% Shares outstanding 26,096,724 130,483,620 Pay-out Ratio of
Slide 28: For Further Information, please contact
For Further Information, please contact Abhishekh Kanoi Head of Legal & Company Secretary abhishekh.k@pdsmultinational.com Reenah Joseph Head Corporate Finance & Investor Relations reenah@pdsmultinational.com PDS Limited (erstwhile PDS Multinational Fashions Limited) Unit No.971, Solitaire Corporate
Slide 29: Annexure
tr Annexure -3 Fi s in $ mn igures in $ ' FZ
Slide 30: Performance in Q1 over last 5 years ($mn)
Performance in Q1 over last 5 years Consistently delivered growth & profitability Margin % 1 Sales ($mn) 2 Gross Profit ($mn) 303 48 221 221 38 196 35 28 127 21 1.5x 14.4% 15.9% 1.7x Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Growth Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Growth 3 EBITDA ($mn) 9 4 PAT
Slide 31: Consolidated Profit & Loss (US$)
Consolidated Profit & Loss For period ended June for respective years US$ in mn, unless mentioned otherwise Quarter ended Quarter ended Growth Year Ended Quarter ended Key Highlights of performance during the quarter: Particulars 30 Jun, 22 30 Jun, 21 (Y-o-Y) Mar 31, 22 31 Mar, 22 Income from Operat
Slide 32: Normalized PBT (US$)
Normalized PBT Q1FY23 vs Q1 FY22 | Q4 FY22 US$ in mn, unless mentioned otherwise Quarter ended Quarter ended Quarter ended Particulars 30 Jun, 22 30 Jun, 21 31 Mar, 22 ➢ Y-o-Y Normalized PBT Income from operations 302.9 220.6 369.8 margins expanded by PBT 6.1 8.4 12.4 100bps % PBT Margin 2.0% 3.8% 3
Slide 33: Consolidated Balance Sheet (US$)
Consolidated Balance Sheet US$ in mn, unless mentioned otherwise As on As on As on As on As on As on Particulars Particulars 30-Jun-22 31-Mar-22 30-Jun-21 30-Jun-22 31-Mar-22 30-Jun-21 Non-Current Assets 104.2 103.8 76.1 Calculated basis LTM P&L items Current Assets 299.9 344.6 253.5 Inventory Days