Slide 1: Results Presentation Quarter Ended June 30, 2016
RESULTS PRESENTATION QUARTER ENDED JUNE 30, 2016
Slide 2: Disclaimer
DISCLAIMER • The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not in
Slide 3: Contents
CONTENTS HIGHLIGHTS BUSINESS WISE DETAILS WAY FORWARD ANNEXURE – PUBLISHED RESULTS 3
Slide 4: Contents
CONTENTS HIGHLIGHTS BUSINESS WISE DETAILS WAY FORWARD ANNEXURE- PUBLISHED RESULTS 4
Slide 5: Consolidated Highlights
CONSOLIDATED HIGHLIGHTS CREDIT RATINGS • Long term rating is AA • Short term rating is A1+ 5
Slide 6: Consolidated Results
CONSOLIDATED RESULTS INR Crore Q1 FY17 Q1 FY16 Change Net Revenue 1089 1047 4% Net Sales 1057 1009 5% EBITDA 63 60 5% EBITDA margin 5.7% 5.7% EBIT 26 24 8% EBIT margin 2.4% 2.3% Net Profit -17 -14 -15% Profit margin -1.5% -1.4% Underlying EBITDA for Q1FY17 grew by 32% after excluding one – time in
Slide 7: Net Sales Bridge and EBITDA Bridge
NET SALES BRIDGE (Rs. Cr) EBITDA BRIDGE (Rs. Cr) 1,009 60 Q1FY16 5 9 Branded Textiles 36 9 Branded Apparel 25 7 Garmenting 15 1 Luxury Cotton Shirting 14 Tools & Hardware 1 13 Auto Components 5 6 Others & Elimination 9 1,057 Q1FY17 63 7
Slide 8: Ind AS Transition: Key Impacts
IND AS transition : Key Impacts Q1FY16 Q1 FY17 Particulars (Rs Cr) IGAAP Ind AS Change Ind AS Revenue 1,145 1,047 (98) 1,089 EBITDA 71 60 (12) 63 EBITDA margin 6.2% 5.7% (53)bps 5.7% Share of Profit/ (loss) in 0 2 2 (3) Associate & JV PAT (14) (14) (1) (17) 8
Slide 9: Contents
CONTENTS HIGHLIGHTS BUSINESS WISE DETAILS WAY FORWARD ANNEXURE- PUBLISHED RESULTS 9
Slide 10: Branded Textiles
BRANDED TEXTILES 10 10
Slide 11: Branded Textiles
BRANDED TEXTILES INR Crore Q1 FY17 Q1 FY16 Change Net Sales 504 509 -1% EBITDA 61 70 -13% EBITDA margin 12.2% 13.8% 26% growth in Shirting fabric sales across B2C channels (40% volume growth) EBITDA remained same y-y after eliminating one-time income of Rs 8 cr towards power subsidy refund in pr
Slide 12: Branded Apparel
BRANDED APPAREL 12
Slide 13: Branded Apparel
BRANDED APPAREL INR Crore Q1 FY17 Q1 FY16 Change Net Sales 242 206 17% EBITDA -15 -5 -170% EBITDA margin -6.0% -2.6% Double digit sales growth across PA, RPA, Parx & MTM Brands PA RPA CP Parx MTM Growth% y-y 17% 29% 4% 33% 19% Sales through secondary channels i.e. LFSs & EBOs grew 17% y-o-y on b
Slide 14: Retail
RETAIL 14 14
Slide 15: Exclusive Retail Network
EXCLUSIVE RETAIL NETWORK 1.93mn sq ft 1.93mn sq ft 20 additions 1051 1051 5 6 9 236 EBO 235 11 1 8 52 20 closures 57 MTM 1051 TRS 764 758 Mar, 16 TRS MTM EBO TRS MTM EBO Jun, 16 During the quarter, we have • added 20 new stores and closed 20 stores • completed 8 stores renovation and 18 stores are
Slide 16: Garmenting
GARMENTING 16
Slide 17: Garmenting
GARMENTING INR Crore Q1 FY17 Q1 FY16 Change Net Sales 140 116 21% EBITDA 13 6 120% EBITDA margin 9.1% 5.0% Sales growth led by better realisations EBITDA margins improved y-y led by higher volumes and better realisations 17
Slide 18: Luxury Cotton Shirting
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Slide 19: Luxury Cotton Shirting
LUXURY COTTON SHIRTING INR Crore Q1 FY17 Q1 FY16 Change Net Sales 115 100 15% EBITDA 11 10 4% EBITDA margin 9.4% 10.4% The results shown above are for 100% operations and includes minority interest Increase in sales led by higher volumes (24% volume growth) EBITDA margins declined marginally y-y
Slide 20: Engineering: Tools & Hardware, Auto Components
ENGINEERING TOOLS & HARDWARE AUTO COMPONENTS 20 20
Slide 21: Tools & Hardware
TOOLS & HARDWARE INR Crore Q1 FY17 Q1 FY16 Change Net Sales 91 105 -13% EBITDA 3 5 -39% EBITDA margin 3.2% 4.5% The results shown above are for 100% operations and includes minority interest Performance impacted due to slowdown in industrial activities in key markets especially Latin America and c
Slide 22: Auto Components
AUTO COMPONENTS INR Crore Q1 FY17 Q1 FY16 Change Net Sales 43 57 -24% EBITDA 6 2 617% EBITDA margin 14.8% 2.2% The results shown above are for 100% operations and includes minority interest Performance not comparable due to forging operations disposed off in previous year On like for like basis,
Slide 23: Contents
CONTENTS HIGHLIGHTS BUSINESS WISE DETAILS WAY FORWARD ANNEXURE- PUBLISHED RESULTS 23
Slide 24: Way Forward
WAY FORWARD Demand scenario is weak and expected to pick up in coming months in light of Good monsoon, 7th Pay Commission Payouts and Festive season Continue to focus on fundamentals through Product innovations Expansion and modernisation of retail network Improving customer engagement by
Slide 25: Contents
CONTENTS HIGHLIGHTS BUSINESS WISE DETAILS WAY FORWARD ANNEXURE- PUBLISHED RESULTS 25
Slide 26: Dalal & Shah LLP Limited Review Report
Dalal & Shah LLP Chartered Accountants The Board of Directors Raymond Limited Mumbai We have reviewed the unaudited consolidated financial results of Raymond Limited (the “Company”), its subsidiaries, joint ventures and associate companies (hereinafter referred to as the “Group”) for the quarter end
Slide 27: Dalal & Shah LLP Limited Review Report
Dalal & Shah LLP Chartered Accountants 6. We draw attention to the following matters: a. Note 4 to the Statement which states that the Company has adopted Ind AS for the financial year commencing from April 1, 2016, and accordingly, the Statement has been prepared by the Company's Management in comp
Slide 28: Statement of Unaudited Consolidated Financial Results
raymone LEMITED Registered Office ; Plot No.156/H No.2, Village Zadgaon, Ratnagiri 415 612 ( Maharashtra) CIN:L17147MH1825PLC001208 Email : corp.secretanat@raymond.in; Website: www.raymond.in Tel: 02352-232514, Fax | 02352-232513, Corporate Office Tel : 022-40349999, Fax 022-24939036 STATEMENT OF UN
Slide 29: Ind AS Reconciliation Notes
Tax Expense/credit includes Current Tax (net of Mat} and Deferred Tax . This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (ind AS} prescribed under Section 139 of the Companies Act, 2073 and other recognised accounting practices and policies
Slide 30: Segment Wise Revenue, Results, Assets and Liabilities
Ray MUG iMITED Segment wise Revenue, Results, Assets and Liabilities (Consolidated) for the Quarter ended June 30, 2015 (Rs. in lacs) f | Particulars 36.08.2048 39.06.2016 ! (Unaudited) (Unaudited) — ———| | Seament Revenue (Net Sates / Income from Operations) + > Teas 50412 59933 Shitting 11501 1001
Slide 31: www.raymond.in
1 www.raymond.in