Iris Clothings Ltd. · NSE:IRISDOREME
Iris Clothings — Q3 FY2022 Earnings Presentation
30 slides from Iris Clothings's earnings presentation, Jan 27, 2022
Slide 1: Cover letter to NSE: outcome of board meeting
IRIS CLOTHINGS PVT. LTD. 103/24/1, Foreshore Road, Binani Metal Compound, Howrah — 711102 Office: +91 33-2640 4674, 33-2637 3856. email: accounts@irisclothings.in website : www. irisclothings.in CIN : L18109WB2011PLC166895 GSTIN : 19AACCI6963K1Z0 Date: 27" January, 2022 To The Listing Department Nat
Slide 2: Limited Review Report
Stesalit Tower, Room No: 303 3rd floor, E 2-3, Block EP & GP Sector-V, Salt Lake, - Kolkata- 700091 s Ph- 91 (33) 40630462, 40697147 AMK & ASSOCIATES Sunshine Tower, 7th Floor, Unit No.: 716, Senapati Bapat Marg, Dadar (West) ) Chartered Accountants Mumbai- 400013 ae Ph- 91 (22) 24322838 Limited Rev
Slide 3: Statement of Unaudited Financial Results
IRIS CLOTHINGS LIMITED l Registered Office : 103/24/1, FORESHORE ROAD, HOWRAH - 711 102 | CIN : L18109WB2011PLC166895 Statement of Unaudited Financial Results For The Quarter and Nine Months Ended 31st December, 2021 (Rs in lakhs) QUARTER ENDED NINE MONTHS ENDED | YEAR ENDED! SI No PARTICULARS 31-De
Slide 4: Earnings Release Q3 FY 2022: Financial Highlights
is) | EARNINGS RELEASE CLOTHINGS 4 Q3 FY 2022 a Q3FY22 revenue at Rs. 25.1 crores; down 11.0% YoY EBITDA margins improve by 392 bps YoY Howrah, India, January 27, 2022 - Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding and selling ga
Slide 5: About Iris Clothings Limited
ais | EARNINGS RELEASE et Q3 FY 2022 About Iris Clothings Limited Iris Clothings Limited is a fast-growing readymade garment company that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. The Company delivers a broad r
Slide 6: Investor Presentation Q3 FY 2022
Slide 7: About the Company
Investor Presentation Q3 FY 2022 About ad the Company iC Iris Clothings Limited
Slide 8: Company Overview
Company Overview a Presence in Ecommerce platforms ‘a We are a fast-growing kids apparel f3 PAey company that is. engaged . in se designing, : fipstely ° Flipkart +wy We oe manufacturing, branding and selling tee, 3 garments. Our sustained pursuit of design vet Oey and innovation has made us a prefe
Slide 9: Product Portfolio
Product Portfolio lris’ brand DOREME offers a wide range of apparels for Currently infants, toddlers, and junior boys and girls that suit both their » Established DOREME as a reputable and trusted brand. indoor and outdoor requirements. « Has solidified its position in the kids segment mainly throug
Slide 10: History
History =<50 crores turnover milestone Commenced business as a Acquired proprietorship firm ; proprietorship firm “M/S IRIS CLOTHINGS” including aoe ane = Pacts ‘M/s Iris Clothings’ its brand name DOREME owran, West pengal~ a Major ; step towards increasing portal of NSE to Main “oe @ 0 0-0 8 manufa
Slide 11: Market Opportunity
Investor Presentation Q3 FY 2022 Market Opportunity iC Iris Clothings Limited
Slide 12: Indian Textile & Apparel Industry
Indian Textile & Apparel Industry India's Domestic Textile and Apparel Market Size (US$ in Bn) India is the second-largest producer of textiles and garments in the world Contributes 2.3% to the country’s GDP Employs 45 million workers in the textile sector 2010-11 2019-20 2020-21 2020-22[E] 2025-26[
Slide 13: Kids Wear - the Fastest to Recover
Kids Wear - the Fastest to Recover Kids wear is expected to grow at a CAGR of 8.76% between 2021-2026 ~365 million Indians are below the age of 15 years. Hence, a large customer base Kids wear registered a 200% growth despite a 4% drop in overall online fashion order volumes in FY2021 Significantly
Slide 14: Our Value System
Investor Presentation Q3 FY 2022 Our Value System
Slide 15: Integrated Operations
Integrated Operations lris has a complete in-house integrated infrastructure right from design conceptualisation to manufacturing to branding and selling of finished goods to wholesaler. Conceptualization of BEV Fee )a le] Manufacturing & Sold to Design & Development Procurement Branding* Wholesaler
Slide 16: Manufacturing Prowess
Manufacturing Prowess Manufacturing excellence has been one of our biggest strengths. Moreover, our state-of-the-art facilities help us increase our capabilities multifold, achieve economies of scale and provide locational synergies. o Pachla, Uluberia, Srijjan Industrial Park, Howrah Howrah Howrah
Slide 17: Wide Network
Wide Network Distributor Network Business Update Future Outlook = |ris has 120 distributors » Developing an ecommerce portal on our website " Hasan online presence across various fast-growing e- Plans to add distributors in commerce channels like newer geographies especially FirstCry, among others.
Slide 18: Enhancing Brand Visibility
Enhancing Brand Visibility DOREME = Iris plans to enhance its digital marketing and branding initiatives to better mirror the customers’ fast-changing needs. = The Company plans to a doremeindia ae undertake activities to posts 266 followers _—_0 following enhance its brand recall and » doremeindia
Slide 19: Strong and trust-based relationships is of paramount importance
Strong and trust-based relationships is of “1 have been associated with IRIS Clothings fs reliable “IRIS Clothings Is a great “Our association with paramount importance IRIS Clothings as a oistributor and a professional company with an DOREME Is since its inception. since we source fabrics for the p
Slide 20: Quality Consciousness
Quality Consciousness lris ensures adherence to the desired standards of quality and specifications for its products and processes by undertaking adequate and stringent quality checks. This has helped the company in building strong customer trust and securing repeat business. 76% 0 revenue from 5-ye
Slide 21: Sustainability
Sustainability Environmental Social lris follows a strict ecological policy that comprises of 6 features Waste Reduction Iris made an improvement in its fabric quality, which resulted in significant reduction of fabric wastage. Recycling lris uses printing materials that is eco-friendly, recyclable
Slide 22: Financial Highlights
Investor Presentation Q3 FY 2022 Financial Highlights iC Iris Clothings Limited
Slide 23: Q3FY22 Update
Q3FY22 Update Business Update Financial Update » Revenues took a hit as we refrained from selling our goods due # Total Income stood at %25.1 crores, down 11.0% YoY to the expected GST rate hike; impacted all domestic suppliers = EBITDA margin is at 20.9% compared to 16.9% in Q3FY21, up 392 of garme
Slide 24: Q3FY22 Update — P&L
Q3FY22 Update — P&L in = Crores Q3FY22 OX 4) NAb) Q2FY22 QoQ (%) 1 ard 1 a | NAb) Total Income 25.1 28.2 (11.0)% 34.4 (27.0)% 79.0 58.5 35.0% Total Expenses 21.9 25.4 (14.0)% 29.7 (26.3)% 68.7 53.1 29.3% EBITDA 5.2 4.8 9.6% 6.7 (22.3)% 16.4 11.8 38.6% D&A 15 1.3 8.4% 1.4 1.0% 4.2 4.0 71% EBIT 3.8 3.
Slide 25: Financial Highlights
Financial Highlights in = Crores AW FY18 FY19 FY20 FY21 Total Revenue 46.9 53.1 62.2 60.9 88.2 PAT 1.7 3.3 511 3.9 6.5 EBITDA 5.5 9.0 11.3 13.8 17.1 Net Worth 6.5 10.1 28.6 32.1 38.8 Debt 16.6 21.0 20.1 24.6 20.3 Iris Clothing Limited — Investor Presentation 20
Slide 26: Ratio Analysis
Ratio Analysis EBITDA Margin (in %) Return on Capital Employed (in %) Return on Assets (in %) 22.7 22.9 FY20 FY20 FY21 Decrease in the ratio due to significant Recovery in FY21 was mainly driven by a 45% increase in raw material costs. increase in revenues. PAT Margin (in %) Working Capital Days (in
Slide 27: Investment Rationale
Investor Presentation Q3 FY 2022 Investment Rationale iC Iris Clothings Limited
Slide 28: Our Differentiating Factors
Our Differentiating Factors Continuous investments to expand manufacturing capabilities coupled with high return on capital employed indicating efficient use of that capital With ~15 years of experience, promoters Catering toalargecustomer = I have a strong expertise in the industry segment of ~365
Slide 29: Safe Harbour Statement
Safe Harbour Statement This presentation has been prepared by and is the sole responsibility of Iris Clothings Limited (the “Company’). This presentation does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by th
Slide 30: Iris Clothings Limited contact details
For further details please contact: Santosh Ladha Vikash Verma/Sonia Keswani lris Clothings Limited Christensen Advisory @: +91 33 2979 0289 @: +91 22 4215 0210 Bal: santosh. ladha@irisclothings.in Bal: verma@christensenir.com bal: skeswani@christensenir.com iS Iris Clothings Limited REGISTERED OFFI