Slide 1: Exchange cover letter for Investors Presentation
PDSL/SE/2023-24/274 July 26, 2023 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 Q1 FY24 Update, July 2023
Investor Q1 FY24 Update July 2023 Strictly Private & Confidential
Slide 3: Safe Harbor
Safe Harbor 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 not
Slide 4: Contents
Contents 1 Power Of The PDS Platform 3 Performance Overview 2 Key Business Updates 4 Other Updates PDS@2023 3
Slide 5: Power of the PDS Platform
POWER OF THE PDS PLATFORM PDS@2023 4
Slide 6: Who are we?
Who are we? Global Fashion Infrastructure Company with customized solutions to retailers & brands Our Philosophy Process of Value Creation Design-led Sourcing as a Technology Sourcing Service Our Vision Be the most admired global 600+ Compliant partnered Complete Outsourcing Solutions enterprise pro
Slide 7: Key Business Updates
Key Business Updates PDS@2023 6
Slide 8: Key Highlights for the quarter
Key Highlights for the quarter With pickup of Gross Merchandise demand, the Value handled during Margin expansion trajectory for margins the quarter increased accretion should by 13% continue Building capabilities to $368mn Gross margins of monetize on 18.7% and EBITDA of (₹3,025 cr) opportunities 3
Slide 9: Macro Economic Factors Driving the Industry
Macro Economic Factors Driving the Industry Falling raw material prices have eased cost pressures while Interest rates continue to be high Easing Inflation September 22 December 22 March 23 June 23 Consumer Price Index (CPI) Cotton and Crude Oil Trend 9.9%10.7% 10.0% 8.2% 8.7% 9.2% 140 1.8 6.5% 7.9%
Slide 10: Strategic Growth Opportunities Available in the Economy
Strategic Growth Opportunities Available in the Economy Cost pressures have eased in the industry for the raw materials Demand remained softened due to the rising interest rates and recessionary signals were witnessed across key geographies Strategic growth opportunities are unfolding in the industr
Slide 11: Successfully Completed Acquisition of Ted Baker Design Group, UK
Successfully Completed Acquisition of Ted Baker Design Group, UK Acquired 100% stake in Ted Baker Design Group Global hub for the Ted Baker brand and manage the design, Core licensee and operating Acquisition includes Net development, and product partner for Ted Baker in the Working Capital & Employ
Slide 12: Continuing efforts towards Sustainable Fashion
Continuing efforts towards Sustainable Fashion Capex incurred to enhance capabilities Installed a solar panel project at Green Smart Shirts Ltd Generates clean energy and would be beneficial for the environment as well as the company Enabling GSSL ▪ LEED Platinum Certification ▪ Cost savings ▪ Impro
Slide 13: Building a Diverse Global Enterprise
Building a Diverse Global Enterprise 25+ Nationalities 22+ Countries 10,000+ 58% 50+ Employees + Women 60+ Verticals Factory Associates Offices PDS@2023 12
Slide 14: PDS ESG Aspiration on a Page
PDS ESG Aspiration on a Page REDUCE EMISSIONS THINK CIRCULAR RESPECT WATER & THE PEOPLE & ENVIRONMENT COMMUNITIES #PDS4Sustainability Our aim is to progressively PDS is committed to creating a To eliminate the risk of support our industries move from sustainable future for our The PDS emissions stra
Slide 15: S&P ESG Rating – PDS participation & outcome
S&P ESG Rating – PDS participation & outcome 93 percentile Started on a strong scored Out of the 196 companies evaluated in 50 footing with and target to improve rating 2022 Criteria Include Governance & Economic dimension Environmental dimension Social dimension • Corporate Governance • Environment
Slide 16: Performance Overview
Performance Overview PDS@2023 15
Slide 17: Setting Context
Setting Context ❑ Quarter 1 is usually the leanest quarter for PDS ❑ Q1 FY23 benefitted from pent-up demand and resulted in a strong quarter compared to a usual Q1 ❑ This quarter was impacted by o Global economic crisis o Muted demand o Inventory build-up o Extended EID holidays of 16 days in Q1 FY2
Slide 18: Key Financial Highlights for this Quarter (Q1 FY24)
Key Financial Highlights for this Quarter (Q1 FY24) $368mn $257mn 37% (₹3,025cr) (₹2,115cr) GMV increased by 13% Consolidated Topline ROCE $48mn $8mn 27% (₹395cr) (₹67cr) Gross Margin: 18.7% | EBITDA | ROE ↑279bps Margin: 3.2% $3mn $0.02 (₹23cr) (₹1.44) 2 days PAT Margin: 1.1% Net Working Capital da
Slide 19: Performance in Q1 over last 6 years
Performance in Q1 over last 6 years Standing firm in the Volatile Markets with focus on delivering growth & profitability Margin % Sales (₹ cr) Gross Profit (₹ cr) 2,340 2,115 372 395 1,535 1,626 281 1,315 244 967 190 162 1.6x 2.1x 14.4% 18.7% Growth Growth Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1
Slide 20: Revenue Break-up and Margin Thereof for Q1 FY24
Revenue Break-up and Margin Thereof for Q1 FY24 Category Wise Split Geography Wise Split Men’s Wear Men 's wear 40% Europe 32% Women’s Wear Ladies wear 34% Asia & Middle East 11% Children Children we ar 21% UK Wear 41% Australia 0% Essentials 1% Ess entials Wear % of Total Revenue North America 14%
Slide 21: Investment in PDS Ventures, Real Estate & others
Investment in PDS Ventures, Real Estate & others Treasury Investments (31.3%) 7% ₹116cr | $14mn PDS Investment Portfolio 21% Real Estate & Others (14.3%) 3% ₹53cr | $6mn ₹372cr | $45mn PDS Ventures (54.4%) % of total PDS 11% ₹203cr | $25mn gross capital employed Note: Excludes HK real estate propert
Slide 22: Q1 FY24 Performance Across Segments
Q1 FY24 Performance Across Segments PDS Ventures and Sourcing Manufacturing Investments# PDS Consolidated $0.1mn |₹1cr $257mn Revenue $247mn | ₹2,031cr $14mn | ₹117cr Revenue captured in Other Income ₹2,115cr EBIT $5mn | ₹45cr $0.5mn | ₹4cr $6mn |₹51cr (Including other income) -$0.1mn | -₹1cr (Margi
Slide 23: Consolidated Profit & Loss
Consolidated Profit & Loss For the Quarter ended June 23 ₹ in Cr, unless mentioned otherwise Quarter ended Quarter ended Q1 Growth Full Year ended Quarter ended Particulars 30-Jun-23 30-Jun-22 (Y-o-Y) 31-Mar-23 31-Mar-23 Income from Operations 2,115 2,340 -10% 10,577 2,742 COGS 1,720 1,968 -13% 8,80
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ in Cr, unless mentioned otherwise As on As on As on As on Particulars Particulars 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Non-Current Assets 903 823 Calculated basis LTM P&L items Current Assets 2,443 2,369 Inventory Days 18 15 Inventories 411 324 Debtor Days 38 46 Trade
Slide 25: Annexures
Annexures PDS@2023 24
Slide 26: Performance in Q1 over last 6 years
Performance in Q1 over last 6 years Standing firm in the Volatile Markets with focus on delivering growth & profitability Margin % Sales ($ mn) Gross Profit ($ mn) 303 48 48 257 38 196 221 221 35 28 127 21 1.3x 1.7x 14.4% 18.7% Growth Growth Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY19 Q1
Slide 27: Consolidated Profit & Loss
Consolidated Profit & Loss For the Quarter ended June 23 US$ in mn, unless mentioned otherwise Quarter ended Quarter ended Q1 Growth Full Year ended Quarter ended Particulars 30-Jun-23 30-Jun-22 (Y-o-Y) 31-Mar-23 31-Mar-23 Income from Operations 257.3 302.9 -15% 1,315.5 333.4 COGS 209.2 254.8 -18% 1
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet US$ in mn, unless mentioned otherwise As on As on As on As on Particulars Particulars 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Non-Current Assets 110.1 104.2 Calculated basis LTM P&L items Current Assets 297.8 299.9 Inventory Days 17 14 Inventories 50.1 41.0 Debtor Days 38
Slide 29: Standalone Profit & Loss
Standalone Profit & Loss For the Quarter ended June 23 Quarter ended Quarter ended Q1 Growth Full Year ended Quarter ended Quarter ended Q1 Growth Full Year ended Particulars ($mn) Particulars (₹ cr) 30-Jun-23 30-Jun-22 (Y-o-Y) 31-Mar-23 30-Jun-23 30-Jun-22 (Y-o-Y) 31-Mar-23 Income from Operations 1
Slide 30: Standalone Balance Sheet
Standalone Balance Sheet As on As on As on As on Particulars ($ mn) Particulars (₹ cr) 30-Jun-23 30-Jun-22 30-Jun-23 30-Jun-22 Non-Current Assets 25.4 26.4 Non-Current Assets 208 208 Current Assets 21.6 22.5 Current Assets 178 178 Inventories 0.0 0.0 Inventories 0 0 Trade Receivables 8.5 8.9 Trade R
Slide 31: For Further Information, please contact
For Further Information, please contact Abhishekh Kanoi Head of Legal & Company Secretary abhishekh.kanoi@pdsltd.com Reenah Joseph Head Corporate Finance & Investor Relations Together we’re building a better, Reenah.Joseph@pdsltd.com more sustainable supply chain PDS Limited (erstwhile PDS Multinati