Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — H1 FY23 Earnings Presentation
44 slides from Indo Count Industries's earnings presentation, Nov 14, 2022
Slide 1: Investor Presentation Q2 & H1 FY23 exchange cover letter
INDO COUNT Complete Comfort November 14, 2022 National Stock Exchange of India Ltd. BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Floor 25, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Company Symbol
Slide 2: Indo Count Industries Limited Q2&H1FY23 Investor Presentation
H: ;::A. INDO COUNT Complete Comfort Indo Count Industries Limited Q2&H1FY23 Investor Presentation
Slide 3: Safe Harbour
SAFE HARBOUR Complete Comfort This presentation and the accompanying slides (the “Presentation”), which have been prepared by Indo Count Industries Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or su
Slide 4: Chairman's Message
CHAIRMAN’S MESSAGE Complete Comfort Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said, “In midst of global challenges, we have continued to sustain the business momentum across markets and categories. Our several years of experience put us in an advantageous position to be abl
Slide 5: Consolidated Financial Highlights Q2&H1FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS Q2&H1FY23 ! !q Complete Comfort Volumes Total Income 20.5 Q2FY23 Mn Metres YoY +8% Q2FY23 Rs.849 Crs YoY +11% 39.6 H1FY23 YoY +7% H1FY23 Rs.1,571 Crs YoY +6%* Mn Metres EBITDA EBITDA PAT EPS % Q2FY23 Rs.120 Crs 14.1% Q2FY23 Rs.67 Crs 3.38 H1FY23 Rs.261 Crs 16.6% H1F
Slide 6: Sales Volume Performance
SALES VOLUME PERFORMANCE Complete Comfort Mn Mtrs 75.8* 20.5 17.7* 19.1 FY22 Q4FY22 Q1FY23 Q2FY23 ✓ Logistical and supply chain ✓ Sluggish demand off-take ✓ Demand momentum continues Achieved Volume related challenges ✓ Increase in input costs to be a challenge Guidance for ✓ High inflation impactin
Slide 7: Investing Towards Next Phase of Growth
INVESTING TOWARDS NEXT PHASE OF GROWTH Complete Comfort Acquisition of Home Textile Business of GHCL Amalgamation of our Subsidiary, Pranavaditya Spinning Mills Ltd (PSML) ➢ Completed the acquisition of the home textile business of GHCL Limited ➢ Amalgamation of PSML completed in Oct-22 as per NCLT
Slide 8: Q2&H1FY23 Consolidated Profit & Loss Statement
Q2&H1FY23 CONSOLIDATED PROFIT & LOSS STATEMENT Complete Comfort Particulars (Rs. Crs) Q2FY23 Q2FY22^ YoY% Q1FY23 QoQ% H1FY23 H1FY22^ YoY% Total Income 849 767 11% 722 18% 1,571 1,476* 6% EBITDA 120 139 -14% 141 -15% 261 267* -2% EBITDA(%) 14.1% 18.2% (405) bps 19.5% (541) bps 16.6% 18.1%* (150) bps
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Complete Comfort ASSETS (Rs.Crs) 30-Sept-22 31-Mar-22 EQUITY AND LIABILITIES (Rs.Crs) 30-Sept-22 31-Mar-22 Non-Current Assets Equity Property, Plant & equipment 920 594 Equity Share Capital 39 39 Capital Work in progress 101 21 Other Equity 1,595 1,551 Right of Use 35 34 T
Slide 10: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Complete Comfort Particulars (Rs. Crs) 30-Sept-22 30-Sept-21* Profit before Tax & Exceptional 194 273 Adjustment for Depreciation & other items 61 39 Operating profit before working capital changes 254 313 Changes in working capital 132 -333 Cash generated from opera
Slide 11: Status of Rs. 200 Crs Capex Announced in March 2021
STATUS OF RS. 200 CRS CAPEX ANNOUNCED IN MARCH 2021 Complete Comfort No. Project description Status Amount Est. Revised Est. Amount spent Rs. Crores 30th Sept 2022 Modernization of Gokul Shirgaon spinning capacity 1. Completed 50.00 44.00 43.71 with Compact spinning technology Completed and ready bu
Slide 12: Additional Spinning Capacity at PSML: Capex of ~Rs. 270 Crores
ADDITIONAL SPINNING CAPACITY AT PSML: CAPEX OF ~RS. 270 CRORES Complete Comfort ▪ Proposed capex towards additional spinning capacity at Pranavaditya Spinning Mills with a total spindlage capacity of ~68,000 spindles -~(iY- RATIONALE '\l:!~ ▪ Plan to spin specialised yarn Total capex of ~RS. 270 Crs
Slide 13: Status of Rs. 270 Crs Capex on Spinning Capacity at PSML
STATUS OF RS. 270 CRS CAPEX ON MODERNISATION AND ADDITION OF SPINNING CAPACITY AT PRANAVADITYA SPINNING MILLS Complete Comfort No. Project Description Status Amount Est. Amount spent Rs. Crores 30th Sept, 2022 Phase I 1. Modernization of spinning capacity with Compact Implementation in progress 100.
Slide 14: Our Long Term Growth Story Is Intact
OUR LONG TERM GROWTH STORY IS INTACT Complete Comfort 4 Years CAGR Revenue Growth of 15% Recurrence of pandemic's second and third wave, impacting the EBITDA growth of 51% overall demand environment PAT growth of 82% Avg. ROCE of 18.9% Delivered despite logistic & supply Avg. ROE of 15.3% chain issu
Slide 15: Leadership Position
LEADERSHIP POSITION Complete Comfort Our Our strategy strategy of being a ‘Resilient’ 'Resilient' and ‘Agile’ 'Agile' organisation has taken us to a leadership position Focused business approach Our extensive product portfolio Growing into a stronger Trusted and Innovative aids in better understandi
Slide 16: Industry Overview
INDUSTRY OVERVIEW
Slide 17: USA Home Textiles Market Dynamics
USA HOME TEXTILES MARKET DYNAMICS Complete Comfort US imports of Cotton Sheets US imports of Cotton Pillow cases US imports of Cotton Bedspread 12.0% 14.0% 11.0% 12.0% 13.0% 14.0% 12.0% 12.4% 9.0% 11.0% 12.0% 13.0% 12.0% 14.3% 14.0% 16.0% 19.0% 14.0% 19.0% 16.0% 20.0% 17.0% 44.1% 19.0% 20.0% 23.9% 1
Slide 18: Home Textile Market Scenario
HOME TEXTILE MARKET SCENARIO Complete Comfort Global Home textile market is expected to reach $60bn by 2025 US is the major market for home textiles (in $ Bn) 60 51 ROW US 35% 31% Europe 34% 2020 2025E Source - Industry, various reports Source - Global Cotton Outlook Domestic Home Textile Market Sce
Slide 19: Growth in Indian Home Textile Exports Market
GROWTH IN INDIAN HOME TEXTILE EXPORTS MARKET Complete Comfort Indian Home Textile Market – Exports, USD Millions Indian Home Textile Market – Imports, USD Millions +16% 7,139 298 -10% 5,729 241 5,272 188 FY20 FY21 FY22 FY20 FY21 FY22 ✓ The Country’s Home textile grown at a CAGR of 13% in FY22 from F
Slide 20: Retail Ecommerce Sales in US
RETAIL ECOMMERCE SALES IN US Complete Comfort US Retail Ecommerce Sales: 2019 – 2026 Online penetration of US retail sales remains elevated As of 2021, US accounts for 18% of the worldwide from pandemic-fueled changes in shopping behaviour Retail Ecommerce sales 22.7% 22.2% Retail Ecommerce Sales (U
Slide 21: Advantage India
ADVANTAGE INDIA Complete Comfort CHINA + 1 STRATEGY ▪ ‘China Plus One’ has led to several western countries looking at alternate markets FREE TRADE AGREEMENT GOVERNMENT INITIATIVES ▪ Australia and the UAE signed FTA’s, which ▪ Governments initiatives such as Atmanirbhar will be implemented soon 01 B
Slide 22: Company Overview
COMPANY OVERVIEW
Slide 23: About Us
ABOUT US Complete Comfort The Largest Global Home Textile Bed Linen Company Domestic Business B2C & D2C brands 0 0, I /0 Comprehensive product portfolio in the premium segment that comprises of bed sheets, 0. O-~-O 0/ I '0 fashion bedding, utility bedding and institutional bedding Layers BOUTIQUE L
Slide 24: Our Global Footprint
OUR GLOBAL FOOTPRINT Complete Comfort SERVICES (WORLD OVER) ▪ Product Development 10,000+ Employees UK ▪ EDI-based replenishment (Direct/Indirect) services USA ▪ Market Research UAE ▪ Total Supply Chain INDIA Solutions Corporate Office - Mumbai ▪ Inventory Planning • Showroom, Warehouse, E-com Manuf
Slide 25: Expanded Market Opportunity with Foray into Newer Products
EXPANDED MARKET OPPORTUNITY WITH FORAY INTO NEWER PRODUCTS Complete Comfort Bed Sheets Fashion Bedding Utility Bedding Institutional Bedding Flat Sheet Comforters & Duvets Mattress Pads, Basic white sheets Fitted Sheets Shams & Decorative Protectors, Pillows Shams & Pillows Pillow-cases Pillows Quil
Slide 26: Overview of B2C & D2C Segment
OVERVIEW OF B2C & D2C SEGMENT
Slide 27: Indo Count Launches Health & Wellness Global Brand Gaiam
INDO COUNT INDUSTRIES LAUNCHED HEALTH & WELLNESS GLOBAL BRAND - GAIAM CompleteComfort We are pleased to announce our partnership with the GAIAM brand, an industry-leading health & wellness brand INDO COUNT ~GA AM Complete Comfort ✓ The GAIAM home collection will feature an extensive range of bedding
Slide 28: Jasper Conran Licensed Brand Tie-up for Global Markets
LICENSED BRAND TIE-UP FOR GLOBAL MARKETS Complete Comfort The The partnership partnership will will support support Indo Counts long term term vison to be the cornerstone for home cornerstone for home textiles textiles across the globe globe ▪ Partnership with a licensed brand, Jasper Conran for an
Slide 29: Jasper Conran Collection
JASPER CONRAN COLLECTION Complete Comfort 28
Slide 30: Our Brand Portfolio
OUR BRAND PORTFOLIO INDO COUNT CompleteComfort EXISTING PORTFOLIO ADDITION OF NEW BRANDS SLEEP'ax Layers MAXIMIX HOTELA1HOME FLIP TOTALLY REVERSIBLEBEDDING ~O\~~O~ CO'TT10 N kneet non-Iron : COLOR SENSE ORIGINAL o BOUTIQUE L I V I N G BOUTIQUE L I V I N G Puri t'T.~ J{~ COTTON - THE- EXCHANGE ~\/~ <
Slide 31: Enhancing Domestic Presence Through Digital Marketplace
ENHANCING DOMESTIC PRESENCE THROUGH DIGITAL MARKETPLACE Complete Comfort Through our own website and digital markets, we are expanding our omnichannel presence Our core brand promise is to address the need gaps in the consumers’ lifestyle by providing superior world-class products o B~~:,I~UE BEDSHE
Slide 32: Promotions and Campaigns During the Quarter - Layers & Boutique Living
PROMOTIONS AND CAMPAIGNS DURING THE QUARTER - LAYERS & BOUTIQUE LIVING Complete Comfort CONFERENCES & TRADE SHOWS TOI - CELEBS CAMPAIGN DUROCOUNT CAMPAIGN I l PINKVILLA ‘PERSONALIZED DOHARS’ TO CELEBS CAMPAIGN boutiquelivingindia boutiquelivingindia Boutique living celebrates e chansma ic AnilKapoor
Slide 33: Promotions and Campaigns During the Quarter - Layers & Boutique Living
PROMOTIONS AND CAMPAIGNS DURING THE QUARTER - LAYERS & BOUTIQUE LIVING Complete Comfort ROCK & ROOM CAMPAIGN GANAPATI WISHES PROMOTIONS ONAM CELEBRATION CAMPAIGN lay't'lsSinal"tt>Mdi~ • 'allow Otl91nHaoJdJ:> alld IIOoIlHOIecuo.rs raoa 0' be~ eelS' I:!. re ers1lle roo'fao:t.. fS and (o!l'\iOn(o.er le
Slide 34: Sustainability Is in Our DNA
SUSTAINABILITY IS IN OUR DNA
Slide 35: Our Scientific Approach to Climate Action - Joining SBTi
OUR SCIENTIFIC APPROACH TO CLIMATE ACTION - JOINING SBTI Complete Comfort SCIENCE BASED TARGETS Infollll&ele~nba5edt.a'lJ<I!ts.org _W,KI.n ...baH<;It;lrgom,.o..... SiCIENIC·E Approved science-based target BASIEID The Science Based Targets initiative has validated that greenhouse gas emissions reduct
Slide 36: Indo Count Is Now a Member at United Nations Global Compact
INDO COUNT IS NOW A MEMBER AT UNITED NATIONS GLOBAL COMPACT Complete Comfort Indo Count is now a member at United Nations Global Compact and the Company is committed to integrating UNGC’s Principles into the organizational culture and ensuring building a greener sustainable future We have developed
Slide 37: Sustainable Sourcing
SUSTAINABLE SOURCING Complete Comfort Co) AvanT iLI:Ii~'«elIl.liP!l.J1to!h~ ilf IJIdJf!o 'Ci.JllLlIJ.t Gagan Avani Anant • Project Gagan aims to implement • Project Avani was started to promote • Project Anant is for ELS (Extra Long long-lasting alternatives to current Organic Cotton, sustainable so
Slide 38: Sustainability Initiatives
SUSTAINABLITY INITIATIVES Complete Comfort Dyes from Natural Waste Extract Indo Count is determined to protect the planet and To foster our sustainable offerings, we are -COP people by contributing to climate change reduction by adopting of more renewable energy resources. using plant-based dyes on
Slide 39: ESG Initiatives
ESG INITIATIVES Complete Comfort Environmental The Way Ahead • Installed renewable energy • Recycling and reuse of water through modernized ETP plant • Conservation of water resources GHG Emissions • Reduction in the use of plastic Reduce Scope 1 & Scope 2 GHG • Promoting sustainable fibre products
Slide 40: CSR Initiatives
CSR INITIATIVES Complete Comfort 1 2 Water and Sanitation Healthcare We provide clean drinking water We facilitate free health check-ups in 100 through water purifiers and RO remote area villages by providing preventive systems that have benefitted and curative healthcare programs, where 100,000 peo
Slide 41: Awards & Recognition
AWARDS & RECOGNITION
Slide 42: Awards & Recognition
AWARDS & RECOGNITION Complete Comfort "Industrial Excellence Award" Shri Anil Kumar Jain, Executive Chairman, Indo Count Industries Ltd has been honoured with the “Industrial Excellence Award” by The Textile Association of India. Mllmbai UI1I1 U::hr tILrxtth' ~S50Cll1tlon ( Intll The Textile Associa
Slide 43: Awards & Recognition
AWARDS & RECOGNITION Complete Comfort ell ell ~llfluIIUl/\w:trd ror Excellence in WIlier Mlillilgl'lll~rtl 2022 Inuu C(lul1lll1duslrlc~limited Kolh"llIIr,i\lllbJlrlublro fr.u ""14 '" ttl 4,1~ ~ WlIIIII#J'· '" 'nitJ (III "'Wi,". ,M. It,,, '1'tIl~,· ('",I'IiPry. 'orlrlf tlQ rt..It(U4,lU,,"61 dir JII'"
Slide 44: Contact Us
CONTACT US Complete Comfort Company : Investor Relations Advisors : lNDO COUNT SGA Strateg! c Growth Advisors Indo Count Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L72200PN1988PLC068972 CIN: U74140MH2010PTC204285 Mr. K.R. Lalpuria, Executive Director & C.E.O Ms. Shikha Puri kklalpur
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