Rswm Ltd · NSE:RSWM
Rswm — Q3 FY24 Earnings Presentation
32 slides from Rswm's earnings presentation, Feb 9, 2024
Slide 1: RSWM Limited: Investors Presentation cover letter
RSWM Limited an LNJ Bhilwara Group Company PROUD TO BE INDIAN PRI VILEGED TO BE GLOBAL RSWM/SECTT/2024 February 9, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, 1st Floor, New Trading Ring, Exchange Plaza, C-1, Block - G, Rotunda Bui
Slide 2: Investor Presentation Q3 & 9M FY24
0 ' . RSWM Limited an LNJ Bhilwara Group Company Investor In Presentation v to Presentation NSE: RSWM BSE: 500350 Q3 & 9M FY24 December 2023 TEXTILE T XTI DRIVEN BY INNOVATION, GROWTH & TRANSFORMATION
Slide 3: Safe Harbor
♦ Safe Harbor Security and Data Protedlon Ensuring Securtty Protection This presentation has been prepared by RSWM (“Company") solely for information purposes without any regard to any specific objective, financial situation, or informational need of any particular person. This presentation may not
Slide 4: Inside this Presentation
♦ Content Inside this Presentation Preset rtatJon ♦ 01 02 Q3 & 9M FY24 Growth Drivers Financials ◄ 03 04 Company Strong Historical Profile Fundamental 05 06 Management Annexure Team www.rswm.in 03
Slide 5: From CMD's Desk
. From CMD’s Desk ln ~ Des t ♦ FIO Commenting on the results, Mr. Riju Jhunjhunwala, Chairman & Managing Director and CEO of RSWM Limited said, “Our recent performance demonstrates promising signs of improvement, with notable YoY revenue growth in Q3 & 9M FY24. Nevertheless, challenges persist, part
Slide 6: From JMD's Desk
♦ Ftom J M ~ Desk From JMD’s Desk ~ ......... IS "' Limited ~ Commenting on the results, Mr. B. M. Sharma, Joint Managing Director of RSWM Limited said, “Globally, we are witnessing soft demand persists in the US market, although we've seen single digit sequential growth. While the UK market is thri
Slide 7: Q3 & 9M FY24 Financials
RSWM Limited an LNJ Bhilwara. Grou) Com) any 01 ♦ Q3 & 9M FY24 Financials 07 Q3 FY24 Financial Performance 08 9M FY24 Financial Performance 09 Average Price Realization 06
Slide 8: Q3 FY24 Financial Performance
♦ Q3 FY24 Financial Performance Financial Outmrnes Rnn:ial Outcomes ₹ in Cr Revenue Gross Profit & Gross Profit Margin(%) Net Working Capital 509 1,007 363 458 977 396 346 368 364 855 312 36.5% 36.1% 35.4% Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 ◄ Fixed Asset Cov
Slide 9: 9M FY24 Financial Performance
♦ 9M FY24 Financial Performance Financial Outmrnes Rnn:ial Outcomes ₹ in Cr Revenue Gross Profit & Gross Profit Margin(%) 2,833 2,886 1,134 1,045 40.0% 36.0% 9M FY23 9M FY24 9M FY23 9M FY24 ◄ EBITDA & EBITDA Margin(%) PAT 251 67 77 2.8% 8.9% 2.8% 2.7% 9M FY23 9M FY24 9M FY23 9M FY24 (65) December 20
Slide 10: Average Price Realization
♦ Average PtiC2 Price Realization PV Grey Yarn Cotton Grey Yarn Yarn per Kg Denim per meter 359 329 319 319 217 216 208 195 202 250 242 244 259 244 251 258 189 II II II I II I □ 174 168 167 165 166 Denim - ------------------------... FY22 FY23 Q2FY24 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24
Slide 11: Growth Drivers
RSWM Limited an LNJ Bhilwara. Grou) Com) any 02 ♦ Growth Drivers 11 Acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Ltd. 12 Growth Drivers 10
Slide 12: Rationale: Acquisition of Ginni Filaments undertaking
♦ Rationale Acquisition Ac.quisilio.i Acquisition of Spinning, Knitting and Processing Undertaking of Ginni Filaments Limited • The acquisition's synergies boost • Acquisition will EBITDA, ensuring financial stability, strengthen RSWM's with anticipated earnings growth • The proposed position in the
Slide 13: Growth Drivers: Company's Focus Areas
♦ Growth Drivers RSWM Limited 1111 l "4181,,._'011GICIIAOC0!11t>O,W Company’s FoalS Compa~ Focus Areas Areas Focus on maximizing our Investments: The company Government Initiatives: The knitting unit's output t his year, Value-added yarn: invested approximately ~410 Cr company closely monitors t he
Slide 14: Company Profile
RSWM Limited an LNJ Bhilwara. Grou) Com) any 03 ♦ Company Profile 14 About RSWM Limited 16 Milestones 17 Business Verticals 20 Sustainability 21 Strong Parentage 13
Slide 15: About RSWM Limited
♦ About RSWM Limited Nation’s Largest Textile Mmiufadurar Nalion's Manufacturer & & ElcpQ1er Exporter RSWM Limited, headquartered in Noida, is one of India’s largest textile manufacturers and exporters of Synthetic, Blended, Mélange, Cotton, and Specialty value-added yarns, and in the manufacturing
Slide 16: Strategically Located In Rajasthan
♦ About RSWM Strategically Located In Sbategiallly in Ra Rajasthan n State Kanyakheri / 5,45,752 SPINDLES ,,,✓ Melange Yarn Ringas a)Fibre Dyeing & Spinning ,,,,"' Mayur Nagar, Lodha b) Dyed Yarn Recycled Polyester Fibre (Green Fibre) ',,,, ,,,' Spinning Cotton, PV Blended & Open End Greige Yarn 5,1
Slide 17: Milestones
♦ Milestones RSWM Limited 1111 l "4181,,._'011GICIIAOC0!11t>O,W Well Established Player ▪ Added 51,072 ▪ Added 4 MW Solar Spindles of Compact ▪ Established a Green power. Cotton Yarn at Lodha ▪ Acquired the ▪ Completed an Fibre manufacturing ▪ RSWM Launches its ▪ Modernization of ▪ Total capacity (B
Slide 18: Business Vertical: Yarn
♦ Business Vertical: Yarn Top-Quality '11m Producing bp-Quafil¥ Yarn in Distinct categories Categories Dyed Yarn Greige Yarn Melange Yarn Combined Compact Yarn ▪ Dyed PV Blended, Poly 100%, Visc. ▪ Greige is a yarn that hasn't been ▪ Melange yarn, a high-value yarn, is ▪ RSWM started its latest inno
Slide 19: Business Vertical: Denim
♦ Business Vertical: Denim Renowned for Exceptional Quality Worldwide ▪ LNJ Denim, a denim-manufacturing facility established in 2007 under RSWM Limited (the flagship company of LNJ Bhilwara Group), has a manufacturing capacity of 32.4 million meters annually. Capable of processing 3,000+ denim vari
Slide 20: Business Vertical: Knitted Fabric
♦ Business Vertical: Knitted Fabric Value Thraugh Creating Yalue Through E>cploration Exploration cl of Knitted Fabric Pl Production Ventured into Knitted Fabric to create value ▪ After being the leading supplier of high-quality yarn to the world, RSWM Limited has ventured into producing circular kn
Slide 21: Sustainability
♦ Sustainability Re-imagined & Re-use for Sustainable clothing Re-Imagined b ▪ Sustainable Policy: RSWM Ltd. exemplifies its commitment to the environment by Pellets extruded prioritizing sustainable business practices. During the FY23, we proudly recycled an into Yarns impressive 183 Corer/PA of PE
Slide 22: Strong Parentage
♦ Strong Parentage RSWM Limited 1111 l "4181,,._'011GICIIAOC0!11t>O,W LNJ Group: Fi lNJ Firm Foundation will• 111 Foundatior. with PowerfulIParadal Parental Badi1g Backing POWER CONSULTANCY ELECTRODES • lndo Canadian Consultancy Se rvices. Limited • HEG lim ited POWER TEXTILES • Balep hi Jal-Vidyut
Slide 23: Strong Historical Fundamental
RSWM Limited an LNJ Bhilwara. Grou) Com) any 04 ♦ Strong Historical Fundamental 23 Financial Data 24 Financial Ratios • 22
Slide 24: Financial & Operational Metrics
♦ Strong Historical Fundamental Financial & Ope.3tioilal Underlying Rnandal Operational mebi:s metrics ₹ in Cr Revenue EBITDA & EBITDA Margin(%) PAT 464 240 3,817 3,789 339 I I I D- 2,961 2,771 2,326 6.4% 210 264 215 12.8% 110 68.5% Four Year Four Year Three Year FY19 FY20 FY21 FY22 FY23 CAGR I 7.1%
Slide 25: Financial Ratios
♦ Strong Historical Fundamental Financial Ratios Rnn:ialRa ₹ in Cr ROCE RONW Net Worth 16.3% 1,268 27.3% ■ I ■ ID - - - I□ I I I I~ 999 783 761 8.5% 706 6.1% 9.7% 3.4% 4.3% 3.2% 2.8% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 (3.1%) ◄ Fixed Asset Turnover In times Net
Slide 26: Management Team
RSWM Limited an LNJ Bhilwara. Grou) Com) any 05 ♦ Management Team 26 Management Team 28 Achievement 25
Slide 27: Management Team
Management Team Management Mr. Prakash Maheshwari Mr. Suketu Shah Chief Executive Chief Executive (Corporate Affairs ) (Denim) Mr. Balkrishan Sharma Mr. Y D Tiwari Chief Executive (Yarn) Chief Executive (Melange Yarn) Mr. Arvind Kumar Maurya Mr. Manoj Sharma ◄ Chief Executive President & CHRO (Knits
Slide 28: Program for Enhancing Leadership Abilities
♦ Management Team Abilities Program for Enhancing Leadership Ablties ◄ December 2023 www.rswm.in 27
Slide 29: Awards & Participation in Fairs
♦ Management Team Prestigious Awards & PII Plestlglous Participation in Fairs ttclpatton In Excellence in Sustainable Practices Award ◄ Gold award for Spun Yarn Export by SRTEPC (for preadoption of BRSR &ESG compliance) -ICAI Gartex Denim show in Mumbai December 2023 28
Slide 30: Achievements
Achievement ♦ Remarkable Rem Testimonial arkable 1!S tl:1oial dof En Endeavor deavor Most Innovative Risk RSWM Limited Holds the prestigious Winner of Management Strategy – LNJ Denim (Winner) Award for best HR “3 Star Trading House” “The Rajasthan Energy of the Year practices to CHRO Endowed with Pr
Slide 31: Thank You
RSWM Limited an LNJ Bhilwara Group Company Thank You GET IN TOUCH WITH US Shri Avinash Bhargava Shri Surender Gupta Chief Financial Officer VP – Legal and CS Tel: 01483 222515 Tel: +91 120 4390058 E: cfo.rswm@lnjbhilwara.com E: skg@lnjbhilwara.com Corporate Office Registered Office Bhilwara Towers,
Slide 32: Annexure: Profit & Loss Statement
♦ Annexure Loss Sta1anent Profit & loss Statement ₹ in Cr Quarterly Nine Months Yearly Parameter Q3FY24 Q3FY23 YoY Q2FY24 9M FY24 9M FY23 FY23 Total Income 983.40 864.86 13.7% 1,016.58 2,910.81 2,883.27 3,880.34 Raw Material Cost 640.18 535.73 666.89 1,907.58 1,787.89 2,356.59 Employee Cost 118.18 1