Timex Group India Limited · BSE:TIMEX
Timex Group India — Q2 & H1 FY2019 Earnings Presentation
29 slides from Timex Group India's earnings presentation, Nov 1, 2018
Slide 1: BSE intimation letter for investor presentation Q2 & H1 FY2019
T IM EX GROUP Timex Group India Limited First Floor, Tower B, Plot B-37 Sector-1, Noida, U.P. - 201301 INDIA CIN No.: L33301DL1988PLC033434 Tel.: +91120 474 1300 Fax: +91120 474 1440 Website: www.timexindia.com E-mail: feedback@timexindia.com November 1, 2018 The Secretary BSE Ltd . P J Towers, Rotu
Slide 2: Timex Group India Limited Investor Presentation Q2 FY'19
TIMEXGROUP TIMEX GROUP INDIA LIMITED INVESTOR PRESENTATION 02 FY'19
Slide 3: Disclaimer
Disclaimer This presentation may contain certain fotward looking statements concerning Timex's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such fotward looking statements.
Slide 4: For generations, we've devoted ourselves to crafting quality, value and style
For generations, we've devoted ourselves to crafting quality, value and style. Today, with more than 5,000 employees worldwide, we are true 21st century watchmakers with unmatched design, engineering, technology and manufacturing capabilities. We imagine our own style, build our own products, and ma
Slide 5: About Us
About Us Timex Group India Limited is a group company of Timex Group B.V. Netherlands. Having entered the country in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting-edge design, we recognize the tremendo
Slide 6: Timex Group: founded 1854, brands in India
TIMEXGROUP Founded in 1854 Brands in India Timex 5.000 employees In-house Helix worldwide design, Salvatore Ferragamo manufacturing, Versace assembly and Versus distribution Nautica Designs and manufactures innovative timepieces that are sold in over 100 Additional Global Brands* countries around th
Slide 7: Locations Globally
TIMEXGROUP Over 20 Locations Globally
Slide 8: Where We Come From
Where We Come From Founded in 1854 as the Waterbury Clock Company, Timex has over 160 years of experience in watchmaking. • N EWYORK. YYRcM;:onAVE. CHICAGO. CKWELL ST. GLASGOW. With a rich and varied history, Timex has established a tradition of producing quality, innovative pieces. Timex played an
Slide 9: Since 1854
Since 1854 Wa terbury Clock Company opens in bra ss city, Connecti cut, By the 1g60s, every USA third w atch sold in America w as a Timex. TODAY Mickey mouse tells ) /~ MARLIN -The gentl eman's standard - ti me. Within three then and now. y ears, mickey Timex comes to India. This reissue of a 1g 60s
Slide 10: Our Values
Our Values AUTHENTICITY & SUBSTANCE PERSONAUTY STYLISTIC POINT OF VIEW TRUE WATCHMAKER INNOVATIVE INCLUSIVE CONFIDENT UNDERSTATED MINIMALIST 160YEARS COUNTLESS FIRSTS UNPRETENTIOUS UNCONVENTIONAL THOUGHTFUL SOPHISTICATED TIMEX. GROUP
Slide 11: A History Of Firsts
A History Of Firsts The 1970s saw our first digital watches. and we pioneered the first connected watch in the 90s. In 1992, we changed the way the world told time in the dark with our patented INDIGLO backlight. T IM E X. GROUP
Slide 12: Timex Group India Limited
Timex Group India Limited Joint venture between Timex Group and Jayna Times Industries Ltd. BADDI • Joint Venture with Titan Company. JV ended in 2000. NOIDA NEWDELHI • • 30 • KOLKATA Public Limited Company listed on Bombay Stock Exchange . YEARS IN INDIA 2018 MUMBAI . Subsidiary of Timex Group Luxu
Slide 13: Board of Directors
Board of Directors David Thomas Payne INDEPENDENT DIRECTORS Chairman Experience: 22 years Daya Dhaon Qualifi cati on: B. Sc. (Computer Science) - University of Al abama Independent Director & a Juri s doctorate from Washington & Lee University Experience: 60+ years Qualifi cati on: Graduate from Cam
Slide 14: Brand Portfolio in India
Brand Portfolio in India Luxury Versace Salvatore Ferragamo Versace Writing Instruments Premium Fashion Versus Versace Nautica MASS Fashion & Youth Timex Helix TIMEX. GROUP
Slide 15: Retail Network
Retail Network Timex India serves over 5000 points of sale in different retail environments. MBO Doors Large Format Stores Defence Canteens Timex World Showrooms Luxury Retail Doors TIMEX. GROUP
Slide 16: Good Design Is The Starting Point Of Everything We Do
Good Design Is The Starting Point Of Everything We Do CREATIVE DIRECTOR - GIORGIO GALLI At the creative epic entre of the Timex family in Milan, the Giorgio Galli Design Lab's team originates more than 400 watches each year for brands across the Timex Group including Timex, Expedition, lronman, Naut
Slide 17: Manufacturing
Manufacturing We know that how you make something is just as important as what you make. A state of the art watch assembly unit in Baddi, Himachal Pradesh, India. Land Area : 10,000 sq. meters; Built up area: 3,278 sq. meters Assembly of watches from piece parts to complete watch. Single shift opera
Slide 18: Service Network
Service Network An ever growing service network enables us to complete the consumer experience to the last mile. A combination of 178 locations serve the 29 states of India. (Supported by the cu stomer care call centre service.) 0 Authorized Service Workshops 00000000 \ I I Lead Authorized Service C
Slide 19: Timex India Exports
Timex India Exports 15 Countries and counting • Philippines* ·' • • • Indonesia* • \ . , * Via group company TIMEX. GROUP
Slide 20: Financial Performance Q2 FY'19
Financial Performance Q2 FY’19 TIMEXGROUP
Slide 21: Performance Highlights Q2 FY'19
Performance Highlights Q2 FY'19 • Revenue grown by 7% during the quarter and by 16% during H1 over last year. • EBIDTA de-grown by 38% during the quarter but grown by 34% during H1 over last year. • PBT de-grown by 41% during the quarter but grown by 53% during H1 over last year. TIMEX GROUP
Slide 22: Performance Highlights: Current Fiscal
Performance Highlights Financial Performance- Current Fiscal Growth: 7% Growth: 16% Total Income Total Income 12500 12131 6300 6186 12000 6200 6100 11500 ..c ..c .::.:: 6000 .::.:: ro ro 11 000 .~ 5900 .~ 10416 vi 5784 vi 10500 0::: 5800 0::: 5700 10000 5600 9500 5500 H1'2017 H1 '2018 Q2'2017 Q2'201
Slide 23: Annual Financial Performance - Revenue
Performance Highlights Annu al Financia l Performance - Revenue CAGR: 14% 22000 Total Income 21015 19995 20000 ...c 18000 17338 ..Y. ro c ·- v; 16000 0::: 14000 12000 10000 - 1 - - 2013-14 2014-15 2015-16 2016-17 2017-18 TI MEX GROUP
Slide 24: Annual Financial Performance - EBIDTA
Performance Highlights Annual Financial Performance - EBIDTA 1500 1129 1000 500 105 0 ..c 2016-17 2017-18 ~ IU -500 c -292 ·- v) 0:::: -1000 -792 -1500 -2000 -2500 -3000 -2947 -3500 T I MEX GROUP
Slide 25: Annual Financial Performance - EBIDTA %
Performance Highlights Annual Financial Performance - EBIDTA % 10.0% 5.4% 5 .0% 2013-14 -16 2016-17 2017-18 -5.0% -1 .7% -10.0% -15.0% -20 .0% -23.8% ~ -25.0% -30 .0% TIMEX GROUP
Slide 26: Annual Financial Performance - PBT
Performance Highlights Annual Financial Performance- PBT PBT 1000 752 500 0 2013-14 2014-15 2015-16 2017-18 .s=. ..::£. -500 -381 1\J c vi -1000 -927 0::: -1098 -1500 -2000 -2500 -3000 -3500 -3298 T I MEX GROUP
Slide 27: Shareholding Pattern
Shareholding Pattern 30-Sep-18 Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% Institutional 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.11% 0.19% 0.19% 0.19% 0.13% 0.13% 0.04% Investors Public & other 25.03% 25.04% 25.04% 25.04% 25.04% 25.04% 24.96% 24
Slide 28: Market Capitalization
Market Capitalization 5 year CAGR: 39% 60000 52343 50000 40000 43560 Timex share price vs Sensex 30000 78 39000 70 38000 20000 62 37000 54 36000 46 10000 38 +---------,--------.-------.----------,-_.J... 35000 02-Jul-18 23-Jul-18 13-Aug-18 03-Sep-18 24-Sep-18 - Timex - Sensex 0 2013-14 2014-15 2015-
Slide 29: Thank You
TIMEX THANK YOU
Timex Group India — Q2 & H1 FY2019 Earnings Presentation on 6ix