Renaissance Global Limited · NSE:RGL
Renaissance Global — H1 FY2025 Earnings Presentation
37 slides from Renaissance Global's earnings presentation, Nov 13, 2024
Slide 1: Cover letter to stock exchanges
Ref. No.: RGL/S&L/2024/146 November 13, 2024 BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip code: 532923 Symbol: RGL
Slide 2: Renaissance Global announces Q2 & H1 FY25 Results
PRESS RELEASE Renaissance Global announces Q2 & H1 FY25 Results Q2 FY25 Adj. EBITDA up by 42% YoY Adj. PAT up by 50% YoY Cash and Investments up by 58 crore QoQ Net Debt down by 42 crore QoQ Mumbai, November 13, 2024: Renaissance Global Limited, a branded and differentiated jewellery products Compan
Slide 3: Management commentary on Q2 & H1 FY25 performance
Commenting on the performance for Q2 & H1 FY25, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: "We are pleased to report a stable performance during the quarter with revenues and adjusted EBIDTA growing over Q2FY24 by 3.1% and 42.2% respectively from continuing operations
Slide 4: About Renaissance Global Limited
About Renaissance Global Limited (Renaissance) Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), is a global branded jewellery player. Renaissance designs, manufactures, and supplies branded jewellery across key high-potential markets in USA, Canada, UK & Asia. The product portfolio
Slide 5: Results Presentation Q2 & H1 FY25
Results Presentation Q2 & H1 FY25 and many more…
Slide 6: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations,
Slide 7: Content
Content Q2 & H1 FY25 Company Annexure Results Overview Overview 4 15 28 3
Slide 8: Q2 & H1 FY25 Results Overview
CO Renaissance Global Limited Q2 & H1 FY25 Results Overview
Slide 9: Q2 & H1 FY25 Financial Summary
Q2 & H1 FY25 Financial Summary Revenue from Continuing Operations (Rs. Crore)* EBITDA from Continuing Operations (Rs. Crore)** EBITDA 7.5% 10.3% 7.7% 10.4% Margin 783 2.5% 764 79.4 31.8% 42.2% 60.3 380 3.1% 392 40.4 28.4 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 PAT (Rs. C
Slide 10: Management Message
Management Message Commenting on the performance for Q2 FY25, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: "We are pleased to report a stable performance during the quarter with revenues and adjusted EBIDTA growing over Q2FY24 by 3.1% and 42.2% respectively from continu
Slide 11: Management Outlook
Management Outlook Positive Demand Environment • We anticipate strong consumer demand going forward supported by a cooling inflationary environment. Our current order book suggests strong demand momentum across our key markets, particularly in the branded jewelry and D2C segments. Expanding Gros
Slide 12: Growing D2C (Owned Brands)
Growing D2C (Owned Brands) India Business U.S. Owned Brands …Among others • IRASVA is a fine jewellery brand based in India. • It’s Inaugural store was launched in May 2019 in South • As a part of our endeavor to grow the D2C Mumbai . branded segment , we have over the years • Currently we have four
Slide 13: Licensed Brands offering
Licensed Brands offering We have a bouquet of licenses from global brands. We design, manufacture and distribute jewellery using these licenses through B2B channels as well as D2C through our own websites. Specialty Jewellery Stores B2B Big departmental stores Websites owned and managed by us D2C E
Slide 14: Operational Summary
Q1 FY25 Operational Summary Revenue Break-up Q2 Q2 Shift % H1 H1 Shift % (₹ Cr.) FY25 FY24 Y-o-Y FY25 FY24 Y-o-Y Revenue Contribution – Segment Wise Our Brands (D2C) 41.9 39.1 7.3% 91.9 77.6 18.5% 10.7% 10.3% 12.0% 9.9% 14.5% 14.6% 16.0% India (Irasva) 6.0 6.6 -9.7% 10.0 9.7 2.4% 19.0% US owned Webs
Slide 15: Leveraging the growing popularity of Lab Grown Diamonds in D2C
Strategically leveraging the growing popularity of Lab Grown Diamonds (LGD) in the D2C vertical H1 FY24 D2C 50% 50% Globally, LGDs have gained widespread traction, especially in the segments of engagement rings and solitaire jewellery LGD B2B 3% 97% Natural Diamond Currently, 54% of Renaissance’
Slide 16: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.30 0.31 0.29 0.29 0.28 0.27 0.22 1,077 1,149 1,177 1,195 843 924 1,026 370 Highly disciplined balance sheet 242 280 223 317 322 328 approach FY21 FY22 FY23 As on 30th FY24 As on 30th As on 30th Sep 2023 June 20
Slide 17: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. Crores) Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 Change (%) Change (%) Revenues from Operations 411.6 441.9 -6.9% 856.4 915.1 -6.4% Other Income 1.3 1.3 0.4% 3.7 4.4 -14.5% Total Income 412.9 443.2 -6.8% 860.2 919.5 -6.5% COGS 262.1 300.6 -12.
Slide 18: Adjusted Financial Performance
Adjusted Financial Performance Adjusted Financial (Rs. Crores) Q2 FY25 H1 FY25 Reported EBITDA 35.0 73.9 Add: Loss on Discontinued Operations (Plain Gold) in Q2 FY25 2.1 2.1 Add: One-time Restructuring Expenses 3.4 3.4 Adj. EBITDA 40.4 79.4 Less: Depreciation 3.7 7.4 Less: Amortization 3.7 7.1 Less:
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Crores) Sep-24 Sep-23 Particulars (In ₹ Crores) Sep-24 Sep-23 1,195.5 1,076.8 Shareholder's Funds Non-Current Assets Equity Share Capital 19.2 19.2 Fixed Assets – Tangible & Intangible 248.9 255.2 Reserves & Surplus 1,176.2 1,057.7 CWIP & Intangibles unde
Slide 20: FY2025: Strategic Priorities
FY2025: Strategic Priorities Continued focus on enhancing contribution from D2C segment Integrate customization options across brands Expand omnichannel Presence Achieve historical margin range in the D2C business 16
Slide 21: Company Overview
iO Renaissance Global Limited Company Overview
Slide 22: Corporate Snapshot
Corporate Snapshot Global Fine Jewellery Company focused on designing, manufacturing, distribution & marketing of branded & private label jewellery 7 6 237 cr. Licensing Direct-to- Branded Strong presence in global markets of North agreements with Consumer jewellery* global brands websites revenues
Slide 23: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Revenue contribution from Branded Jewellery* segment in Studded Segment Association with globally-recognized brands 33% 31% 31% Increased presence in high-potential key global 25% markets Renaissance’s 21% Branded Jewellery Better pricing on the back of b
Slide 24: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Click on the logo for the website link Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Business Direct-to- Distribution (B2B) (through retail Consumer (D2C) and jewellery store (through our
Slide 25: 'Win-Win' Partnership with Global Iconic Brands
‘Win-Win’ Partnership with Global Iconic Brands Renaissance Global Global Brands PUSH STRATEGY PULL STRATEGY Conceptualisation & design Licensing agreements Brand development Manufacturing IP rights of brands Long-term license contracts Product marketing Marketing Distribution Spec
Slide 26: Growing Portfolio of Brands: Licensed Brands
Growing Portfolio of Brands Licensed Brands Partnership with Hallmark since 2015 Licensing arrangement with Disney since 2016 with the launch of Enchanted Disney Fine jewelry Success of brand unlocked more licensing opportunities Launched Disney Jewels in October 2019 & Disney Treasures in F
Slide 27: Growing Portfolio of Brands: Owned Brands
Growing Portfolio of Brands Owned Brands Renaei, a new fashion Jewellery brand launched in 2024 on Amazon in the United States to cater to the high-growth demographic of Millennial and Gen Z consumers. Launched first India-focused retail brand IRASVA in 2019 Operates 4 IRASVA stores in India
Slide 28: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline Successfully developed February July November February May Dec and launched 6 online 2020 2020 2020 2021 2021 2023 stores Monthly visitors on websites grown 10x since Feb 2020 (UK) Segment enjoys higher margins and healthy working capita
Slide 29: Growth Drivers
Growth Drivers Growing high-margin branded jewellery segment Extending licensing model to newer brands Increasing use of lab-grown diamonds to prioritize focus on sustainability Widening Omni-channel distribution network Inorganic growth opportunities 25
Slide 30: Conclusion
Conclusion Play on high-potential global branded jewellery industry ‘Win-Win’ partnership with global iconic brands Footprint in huge developed & developing global markets for branded jewellery Increasing scale to drive operating leverage across distribution channels High margin & low-capital intens
Slide 31: ESG Initiatives
iO Renaissance Global Limited ESG Initiatives
Slide 32: ESG Initiatives
ESG Initiatives ENVIRONMENT SOCIAL To achieve safety, health Renaissance’s CSR POLICY and environmental covers projects through NGOs excellence in all aspects of under: business activities Medical, Health Care and Renaissance Global Ltd. Social Welfare has been awarded the ISO Educational 14
Slide 33: Annexure
») Renaissance Global Limited Annexure
Slide 34: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 65.6% Foreign Institutions (FPI, FII & 0.9% NRI) Individual - >1% 7.7% Others 25.9% *Holding as on 30th Sept. 2024 Key Market Statistics As on 30 Sept.-2024 (Adjusted for Split) BSE/NSE Ticker 532923/RGL CMP (Rs) 119.5 Market Cap (Rs Cr
Slide 35: Conference Call Details
Conference Call Details Q2FY25 Earnings Conference Call Time • 2:30 p.m. IST on Friday, November 15, 2024 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number • + 91 22 62
Slide 36: About Us
About Us Renaissance Global Limited (Renaissance) is a global branded jewellery player. Renaissance designs, manufactures and supplies branded jewellery across key high- potential markets in USA, Canada, UK & key Asian markets. The product portfolio encompasses Branded Jewellery, Customer Brands & P
Slide 37: Thank You
iO Renaissance Global Limited Thank You