Timex Group India Limited · BSE:TIMEX
Timex Group India — Q3 FY2024 Earnings Presentation
44 slides from Timex Group India's earnings presentation, Feb 1, 2024
Slide 1: it's not a watch, it's an american icon
it’s not a watch it’s an american icon. TIMEX
Slide 2: Timex Group India Limited Investor Presentation
Timex Group India Limited Investor Presentation February 01, 2024 2
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future Past performance may not be indicative of future performance. We do not undertake to publicly business prospects and business profitability, which are subject to a number of risks and update our for
Slide 4: Waste more time campaign
1 hour, 27 minutes, and 8 seconds wasted twinning with your furry friend WASTE MORE TIME
Slide 5: Business Update
Business Update Improvement in financials over previous year • The Company tied up with Bollywood star Ananya Pandey as the brand ambassador for Timex brand. • The Company launched iConnect by Timex smartwatches. • Helix brand was rejuvenated with a brand-new creative identity focused on trendy Gen
Slide 6: Q3'FY24 Highlights
Q3’FY24 Highlights TIMEXGROUP
Slide 7: Ananya Pandey x Timex: Waste More Time Campaign
Ananya Pandey x Timex: Waste More Time Campaign Ananya Panday, commenting on her latest association with Timex, said "I had so much fun shooting for the ‘Waste More Time’ campaign, a message so unique and so striking. I could connect to it immediately. In a world that often demands us to be busy all
Slide 8: Launch of iConnect by Timex Smartwatches
Launch of iConnect by Timex Smartwatches The quarter saw the launch of models across the iConnect by Timex and Timex Smart brands providing unbelievable value and feature set to the consumer. The collections celebrated the active, multifaceted and on-the-go lifestyle of today’s consumers and were we
Slide 9: Helix Brand New Avatar
Helix Brand New Avatar Introduction of a brand-new creative look to our youth brand Helix 9
Slide 10: Financial Performance Q3'FY24
Financial Performance Q3’FY24 10
Slide 11: TGIL Financial Performance Q3 & Nine-Month FY2023-24
TGIL Financial Performance Q3 & Nine-Month FY2023-24 • Total Income at Rs. 9,455 lacs (grown by 12%) during the quarter as compared to Rs. 8,465 lacs last year. During the nine-month income has grown by 9% over last year. • EBITDA at negative Rs. 36 lacs during the quarter as compared to negative Rs
Slide 12: TGIL Financial Performance – Quarter ended 31st Dec 2023
TGIL Financial Performance – Quarter ended 31st Dec 2023 Income EBITDA 10000 40 0.4% -0.4% 9455 -10 Q3 Q3-36 -0.6% -60 22-23 23-24 9000 -1.6% -110 Rs. in lakhs Rs. in lakhs 8465 -160 -2.6% -210 -406 8000 -260 -3.6% -310 -4.8% -4.6% -360 7000 -410 -5.6% Q3 Q3 EBITDA EBITDA % 22-23 23-24 12
Slide 13: TGIL Financial Performance – Nine-Month ended 31st Dec 2023
TGIL Financial Performance – Nine-Month ended 31st Dec 2023 Income – Nine Month EBITDA 34000 3500 EBITDA EBITDA % 14.0% 33000 3000 3099 12.0% 32814 2500 32000 10.0% 10.3% Rs. in lakhs Rs. in lakhs 2000 7.3% 31000 8.0% 1500 6.0% 30000 1000 4.0% 30043 2400 29000 500 2.0% 28000 0 0.0% 9M 9M 9M 9M 2021-
Slide 14: TGIL Financial Performance – Total Income Trend
TGIL Financial Performance – Total Income Trend Income 45000 40000 38378 35000 30000 26554 24190 25229 Rs. in lakhs 25000 20000 15000 14211 10000 5000 0 2018-19 2019-20 2020-21 2021-22 2022-23 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to whi
Slide 15: TGIL Financial Performance – EBITDA Trend
TGIL Financial Performance – EBITDA Trend EBITDA 4500 4000 3859 3500 3000 2500 Rs. in lakhs 2000 1500 1153 1000 869 500 397 0 2018-19 2019-20 2020-21 2021-22 2022-23 -500 -238 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are no
Slide 16: TGIL Financial Performance – EBITDA % Trend
TGIL Financial Performance – EBITDA % Trend EBITDA 12.0% 10.1% 10.0% 8.0% 6.0% 4.8% 4.0% 3.3% 2.0% 1.6% 0.0% 2018-19 2019-20 2020-21 2021-22 2022-23 -2.0% -1.7% -4.0% -6.0% Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are not s
Slide 17: Financial Performance – Profit Before Tax Trend
Financial Performance – Profit Before Tax Trend PBT 3500 2967 3000 2500 2000 Rs. in lakhs 1500 1000 835 500 322 0 2018-19 2019-20 2020-21 2021-22 2022-23 -500 -180 -1000 -811 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are not
Slide 18: Shareholding Pattern
Shareholding Pattern Shareholding Pattern 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 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 Investors 0.0
Slide 19: Market Capitalization
Market Capitalization Market Capitalization Timex Share Price vs. BSE Small Cap 6-year CAGR: 24% 205 43000 200 1,80,000 42000 1,67,981 195 1,60,000 190 41000 1,40,000 1,50,012 185 40000 1,20,000 180 1,00,000 89,088 39000 175 80,000 170 38000 55,977 60,000 165 45,175 32,809 37000 40,000 26,903 160 20
Slide 20: About Timex Group
TIMEXGROUP About Timex Group 20
Slide 21: Most Consumer-focused Watch & Jewelry Maker in the World
1 An Introduction to the Most Consumer-focused Watch & Jewelry Maker in the World ESTABLISHED 1854
Slide 22: Timex Group brand logos
TIMEX VERSACE GUESS FERRAGAMO MISSONI PHILIPP PLEIN whe TED BAKER Ge sautica PLEINSPORT FURLA TRI HELIX TIMEXGROUP
Slide 23: America's oldest watchmaker
3 We are America’s oldest watchmaker. In 1854, as the Waterbury Clock Company, we combined traditional European watchmaking with American industrial ingenuity to disrupt a 300 year-old industry and make quality attainable for millions. For generations, we’ve brought consumer focus, innovative crafts
Slide 24: Our Experience and Market Behavior Differentiate Us
4 Our Experience and Market Behavior Differentiate us From our Competitors in Partnering with Top Global Brands Selective Brand Portfolio Private ownership with long-term view serving high-quality and selective brand portfolio Dedicated Teams Dedicated brand marketing and product teams create unique
Slide 25: Our Unique Capabilities Set us Apart
5 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain
Slide 26: Courage is the Catalyst – Giorgio Galli
6 Courage is the Catalyst that Transforms an Ordinary Creation into an Extraordinary Masterpiece. –Giorgio Galli, Chief Creative Director For over 20 years, Giorgio Galli has been one of the most dynamic watch designers in the industry, his name synonymous with innovation, originality and imaginatio
Slide 27: Design Fuses Consumer Expectations with the Brand DNA
7 Design Fuses Consumer Expectations with the Brand DNA Immersed in brand DNA and connected to consumer expectations, the design team focuses on individuality and relevance to bring brands to life. Every piece tells a story, written to excite consumers and take them on a journey. The perfect accesso
Slide 28: Our Unique Capabilities Set us Apart
8 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain
Slide 29: We Engage Consumers Worldwide with Compelling Marketing Stories
We Engage Consumers Worldwide with Compelling Marketing Stories We believe every accessory is a tangible icon of a brand’s story. We fully integrate marketing across the globe and across channels to bring brands to life. Accessories give consumers the opportunity to make the brand part of their stor
Slide 30: The Art and Science of Marketing
0 The Art and Science of Marketing Fuses Consumer Experience, Storytelling and Performance Marketing POS Execution Newsroom & Social Media Digital & Performance Marketing Drive global brand consistency and visibility with Enrich content and product stories for superior Amplify storytelling through d
Slide 31: Our Unique Capabilities Set us Apart
1 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain
Slide 32: Comprehensive Network of Brand Distribution
Our Comprehensive Network of Brand Distribution Provides Global Reach and Localization 5 Regional Hubs 9 Global Affiliates 120+ Global Distributors 22,000+ Points of Sale
Slide 33: Unparalleled Partnerships and Access to Right Distribution
We have Unparalleled Partnerships and Access to the Right Distribution in Each Market • Our own affiliates provide portfolio leverage and control in critical markets • We utilizes more than one distributor in many markets to ensure account access is matched to brand positioning • Our Distributors ha
Slide 34: Our Unique Capabilities Set us Apart
4 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain
Slide 35: 170 Years of Experience and a Modern Global Supply Chain
5 Middlebury, USA Timex Group HQ Besancon, France Movement Production India Manufacturing Cebu, Philippines We Have 170 Years of Experience Manufacturing and a Modern Global Supply Chain Pforzheim, Germany Each product starts with an idea and raw materials. Research and Development From movement R&D
Slide 36: Agile Supply Chain around Unique Brands
6 We’ve Built our Agile Supply Chain around Unique Brands and Changing Consumers Rapid Design and Planning Increases Speed to We’ve Optimized Manufacturing Lead Times, Reimagined Inventory and Lines Provide Market without Sacrifice and Minimum Quantiles ‘Never Out of Stock’ Fast Replenishment Our ro
Slide 37: Timex Group Atelier: Swiss Production Excellence
7 Timex Group Atelier is at the Center of Swiss Production Excellence In the heart watchmaking, Ticino, Switzerland, Timex Group Atelier creates our most precious timepieces. Forty watchmakers and support staff combine traditional Swiss craftsmanship with modern innovation to bring the unquestioned
Slide 38: About Timex Group India Limited
About Timex Group India Limited 38
Slide 39: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.) Having entered India 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 des
Slide 40: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Pradeep Mukerjee | Independent Director Meeta Makhan | Independent Director Experience: 24+ years Experience: 32+ years Experience: 25+ years Qualification: B. Sc. (Computer Science) - University Qualification: Masters in Personal Management Qual
Slide 41: Brand Portfolio
Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments 41
Slide 42: Powerful Distribution Network
Powerful Distribution Network A strong network of sales touchpoints that enable TGIL to reach consumers across the country Multi Brand Large Format Defence Canteen Timex World Luxury Retail Showroom 5679 357 430 38 120 42
Slide 43: Baddi Plant: Superior Watchmaking & Supply Chain
Baddi Plant: Superior Watchmaking & Supply Chain A state of the art, SA8000: 2014 and ISO 45001:2018 certified, watch assembly unit in Baddi, Himachal Pradesh, India Assembly of watches from piece parts to complete watch. Currently handling over 150 types of watch – movements. Includes assembly of m
Slide 44: TGIL After Sales Service
TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service 5 13 142 44