PC Jeweller Ltd. · NSE:PCJEWELLER
PC Jeweller — Q2 FY2019 Earnings Presentation
20 slides from PC Jeweller's earnings presentation, Nov 14, 2018
Slide 1: Cover letter to stock exchanges
@ Date: November 14, 2018 To, To, Jeweller for generations The Listing Compliance Department, The Listing Compliance Department, BSE Limited, National Stock Exchange of India Limited, P. J. Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai — 400 001 Bandra (East), Mumbai - 400051 Ref
Slide 2: PC Jeweller Ltd Results Presentation
PC Jeweller Ltd Results Presentation November 14th, 2018
Slide 3: Safe Harbor
Safe Harbor This presenta,on and the accompanying slides (the “Presenta,on”), which have been prepared by PC Jeweller Limited (the “Company”), have been prepared solely for informa,on purposes and do not cons,tute any offer, recommenda,on or invita,on to purchase or subscribe for any securi,es, and s
Slide 4: Financial Updates
Financial Updates
Slide 5: Highlights: Overall Business
Highlights: Overall Business Par$culars (Rs. Crores) Q2 FY 2019 Q2 FY 2018 H1 FY 2019 H1 FY 2018 Revenue from Opera$ons 1,635 2,622 4,058 4,741 Domes,c Retail 1,550 1,851 3,166 3,234 Exports 85 771 892 1,507 Gross Margins (%) 16.7% 12.9% 14.5% 13.5% Domes,c Retail 17.2% 14.6% 16.5% 16.5% Exports 7.9
Slide 6: Highlights: Domestic Business and Export Business
Highlights: Domestic Business Par$culars (Rs. Crores) Q2 FY 2019 Q2 FY 2018 H1 FY 2019 H1 FY 2018 Revenue from Opera$ons 1,550 1,851 3,166 3,234 Gross Margins (%) 17.2% 14.6% 16.5% 16.5% EBITDA Margins (%) 13.5% 12.1% 12.8% 13.5% PBT Margins (%) 7.7% 9.7% 8.9% 10.8% PAT Margins (%) 5.6% 6.7% 6.4% 7.
Slide 7: Business Updates
Business Updates
Slide 8: Debt Position
Debt Position Debt Posi$on Standalone (Rs. Crores) 31 Mar 18 30 Jun 18 30 Sep 18 Total Bank Exposure 4,490 4,064 3,685 (including gold loans) Cumula$ve reduc$on in Bank Exposure 426 805 Out of total cash availability of Rs 804 cr. as on 30th Sep 2018, the company proposes to further reduce its bank
Slide 9: Key Balance Sheet items
Key Balance Sheet items Liabili$es Assets Standalone (Rs. Crores) 31 Mar 18 30 Jun 18 30 Sep 18 Standalone (Rs. Crores) 31 Mar 18 30 Sep 18 Liabili$es Inventory 5,161 5,131 Total Bank Exposure 4,490 4,064 3,685 (including gold loans) Less: Cash Margin 1,125 980 639 Net Liability towards 3,365 3,084
Slide 10: Financial Analysis – Q2 FY 19
Financial Analysis – Q2 FY 19 Domes$c Sales • The decline in domes,c sales is mainly due to weak sen,ments prevailing in the industry in Q2. • The company’s sales in Q2 FY 2018 had surged by nearly 30% as GST was introduced on 1st July and it had a very severe impact on the working of the unorganise
Slide 11: Financial Analysis – Q2 FY 19
Financial Analysis – Q2 FY 19 Margins • Domes,c - There is an improvement in both the Gross Margins as well as EBIDTA Margins as no promo,onal schemes were run in Q2 as well as there was increase in the diamond jewellery sales percentage. • Export – The gross margins are stable. However, the EBITDA
Slide 12: Financial Analysis – Q2 FY 19
Financial Analysis – Q2 FY 19 Balance Sheet Items • Inventory: As advised earlier also the company is trying to control its inventory levels and its inventory amount as on 30.09.18 is lower than that on 31.03.18. This also includes the inventory built up for coming fes,val season. • Export Debtors:
Slide 13: Business Updates – Q2 FY 19
Business Updates – Q2 FY 19 • The company has opened two new stores in Q2-at Rewa and Deoria. Both are franchisee stores. The Laxmi Nagar store has shut temporarily due to ongoing sealing drive in Delhi. • Introduc$on of Augmented Reality: ü The company announced the roll out of India’s first Augment
Slide 14: Business Updates – Q2 FY 19
Business Updates – Q2 FY 19 • O2O: ü Online - Offline Integra,on is the way forward for any retailer, especially in jewellery sector. The ability to provide customers with variety of op,ons of ready to ship products online will drive the conversions online. Considering our pan India presence, it gives
Slide 15: AZVA
‘AZVA’ Product Design 200+ new designs introduced including new enamel, diamonds, uncut polki and inlay techniques in handcrafted gold.
Slide 16: New designs in innovative collections (AZVA)
New designs in innovative collections (AZVA) New innovative collections, designed and manufactured by in-house teams were developed. Uniquely, placing the organisation with capabilities ranging from hand-crated gold, to Uncut polkis, Diamonds and colour stones in a wide range of techniques and innov
Slide 17: Design and Manufacturing (AZVA)
Design and Manufacturing (AZVA) LPTPL shifted to 100% in-House design and manufacturing for its product development. New team, including international talent and experience of best-practise in product development, has been set up with design studio and manufacturing in Mumbai and Jaipur. The team al
Slide 18: AZVA Boutique
AZVA Boutique Sonali Kulkarani, wore AZVA jewellery to Filmfare awards, where she won the award for best actor in a leading female role in September 2018.
Slide 19: New Showrooms opened in Q2 FY 19
New Showrooms opened in Q2 FY 19 Rewa, Madhya Pradesh Deoria, Uttar Pradesh
Slide 20: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PC Jeweller Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L36911DL2005PLC134929 CIN: U74140MH2010PTC204285 Email: investors@pcjeweller.com Ms. Ruchi Rudra / Ms. Hina Agarwal ruchi.rudra@sgapl.net / hina.Agarwal@sgapl.net