Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — FY2019 Earnings Presentation
32 slides from Indo Count Industries's earnings presentation, May 22, 2019
Slide 1: Exchange filing cover letter
22nd May, 2019 The National Stock Exchange of India ltd. BSElimited 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: Kll, Scrip Code No.: 52101
Slide 2: Investor Presentation – FY19
Investor Presentation – FY19 May 2019 1
Slide 3: Safe Harbor
Safe Harbor • 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 subscribe for any s
Slide 4: Chairman’s Message
Chairman’s Message Commenting on the results, Mr. Anil Kumar Jain, Executive Chairman said, “The Indian Home Textile Industry continued to grow amidst challenging business environment led by currency volatility and higher input costs. Despite testing times, we have been able to grow our volumes for
Slide 5: Volume Performance
Volume Performance +6% (in Mn Meters) 57.5 54.3 Volume guidance for FY20: 63mn – 65mn metres FY18 FY19 4
Slide 6: FY19 Consolidated Performance
FY19 Consolidated Performance Rs. 1,945 Crs Vs 4% YoY Rs. 1,867 Crs Net Income* Rs. 197 Crs Vs 15% YoY Rs. 171 Crs Normalized EBITDA* 10.1% Vs 96 bps YoY 9.2% Normalized EBITDA *Adjusting for Forex items Margin* 5 Figures are rounded off wherever required
Slide 7: Normalized Profit & Loss Statement
Normalized Profit & Loss Statement Standalone Consolidated Particulars (Rs. Crs) Q4FY19 Q4FY18 YoY% FY19 FY18 YoY% FY19 FY18 YoY% Total Income 402 424 1,823 1,808 1,945 1,958 Less: Forex Gain/(loss) - 17 - 91 - 91 Net Income 402 406 -1.2% 1,823 1,718 6.1% 1,945 1,867 4.1% Total Expenses 381 364 1,66
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs) Q4FY19 Q4FY18 Growth FY19 FY18 Growth Total Income 402 424 1,823 1,808 Less: Forex Gain/(Loss) - 17 - 91 Net Income 402 406 -1.2% 1,823 1,718 6.1% Cost of Material 221 203 972 952 Power Cost 18 20 84 76 Employee Expenses 27 27 121 110 Other Ex
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs) FY19 FY18 Growth Total Income 1,945 1,958 Less: Forex Gain/(Loss) - 91 Net Income 1,945 1,867 4.1% Cost of Material 1,031 1,044 Power Cost 94 85 Employee Expenses 144 127 Other Expenses 509 440 Total Expenses 1,778 1,696 Less: Forex Loss 31
Slide 10: Balance Sheet
Balance Sheet Standalone Consolidated Particular (Rs. Crs) Mar’19 Mar’18 Mar’19 Mar’18 Fixed Assets (Incl. CWIP) 561 535 591 567 Investments 25 20 0 0 Other Non-Current Assets 9 4 9 4 Inventories 467 524 531 591 Investments 46 - 46 - Trade Receivables 275 325 255 287 Cash and cash equivalents 18 11
Slide 11: Outlook for FY2020 and beyond
Outlook for FY2020 and beyond 01 02 03 Product development Improving operational Global reach ▪ Focus on Bed Linen in the Home efficiency ▪ Establish relationship with new Textiles sphere ▪ Moving towards overall marquee global customers sustainability ▪ Focus on value-added products ▪ Tap newer geo
Slide 12: Indo Count: At a Glance
Oo ‘Indo Count COMPLETE COMFORT
Slide 13: 27 years of Our Journey
27 years of Our Journey 1990-91 2007 2008 2011 2012 2014-15 2017 2018 ICIL established Forayed into Acquired Established Bed Linen Established Enhanced Established home textile by Pranavaditya showroom, capacity showroom and capacity to 90 office in Dubai Commencement to tap newer setting up 36 Spin
Slide 14: Our Approach to Business: Integrated bedding solutions
Our Approach to Business: Integrated bedding solutions Branding & Spinning Processing Marketing Concept Design & Weaving Cut & Sew Sampling Complete comfort for the best Sleep experience with… Innovation, Quality and Service 13
Slide 15: Our competencies and differentiators
Our competencies and differentiators 01 02 03 Strong domain Operationally Global player expertise efficient ▪ Recognized market player ▪ Customer-centricity thus ▪ Efficient and scalable with a focus in bed linen focusing on enhanced operations service ▪ Established business with ▪ Experienced manag
Slide 16: Our Brands
Our Brands New In-House Brands Licensed Lifestyle Brands Own Lifestyle Brands 15
Slide 17: “Boutique Living” Brand in India
“Boutique Living” Brand in India • Indo Count has a Pan India presence • Products available online at: www.boutiquelivingindia .com 16
Slide 18: Global Presence
Global Presence India USA UK Australia UAE Headquartered in Showroom and Showroom, design Showroom and Established office in Mumbai design studio in studio and design studio in Dubai to tap newer New York warehouse in Melbourne geographies Manufacturing Manchester facilities in Warehouse for Kolhapu
Slide 19: Industry Perspective
Industry Perspective 18
Slide 20: Asia Pacific fastest growing market in Global Home Textile
Asia Pacific fastest growing market in Global Home Textile Global Home Textile Market Asia Pacific ➢ Largest home textile market in the world Region-wise share ➢ Accounts to 44% of the global home textile market ➢ One of the most dominant producer and 7% consumer of home textile 23% 44% China ➢ Larg
Slide 21: Top Importing & Exporting Nations
Top 5 Importing & Exporting Nations Top 5 Home Textiles Importing Nations Top 5 Home Textiles Exporting Nations 37% 39% 24% 11% 8% 7% 5% 5% 3% 2% EU-28 USA Japan Canada Australia China India Turkey Pakistan Belgium China has a share in home textile exports at 39% with EU-28 is the largest market for
Slide 22: Indian Markets and Growth Opportunities
Indian Markets and Growth Opportunities India's major markets for Home Textiles (2017) R.O.W Country US$ Mn. Share Canada 11% UAE USA 2,853 55% 2% Australia 3% 3% EU-28 1,347 26% Australia 156 3% 55% USA UAE 132 3% 26% Canada 121 2% EU-28 R.O.W 583 11% Total 5,193 ➢ There has been a structural shift
Slide 23: USA textiles imports
USA textiles imports USA – Import of Cotton Made-Up’s Share 23% 26% 28% 29% 31% 33% 33% 44% 43% 41% 39% 38% 36% 36% 19% 17% 17% 18% 18% 18% 17% 14% 14% 14% 14% 13% 13% 14% CY11 CY12 CY13 CY14 CY15 CY16 CY17 India China Pakistan ROW India’s contribution in the Made-ups market share is growing in USA
Slide 24: Home Textile imports by US
Home Textile imports by US India China ROW 80 Cotton Bedspreads 60 Cotton Sheets 50 60 40 40 30 20 20 10 0 0 10/18 11/18 12/18 01/19 02/19 03/19 10/18 11/18 12/18 01/19 02/19 03/19 60 Cotton Pillowcases 50 India is gaining advantage in the Home 40 Textiles Market in the USA. With 30 integrated appro
Slide 25: USA Retail Sales
USA Retail Sales USA YoY change in Retail Sales (in %) 6.6 6.4 6.4 6.1 5.1 4.8 4.8 4.5 4.2 3.9 4.0 3.6 2.9 2.2 1.6 Jan-18 Feb-18 Mar-18 Apr-18 May- Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 18 Source: US Census Bureau 24
Slide 26: Major Economies showing strength
Major Economies showing strength USA Retail Sales (USD Trillion) 5.32 5.48 4.99 5.16 4.63 4.70 4.82 4.35 4.53 2012 2013 2014 2015 2016 2017 2018P 2019P 2020P Source : Statista Europe Retail Sales (2015 as Base 100) 110 105 100 Source : Eurostat 25
Slide 27: India’s edge in the home textiles market
India’s edge in the home textiles market Contribution to India’s Steady capability manufacturing and capacity production enhancement Share in country’s export Growing global respect for earnings thereby increasing its Indian products; dependable contribution to India’s GDP long term partner India’s
Slide 28: Indian Home Textiles industry – Growing expectation
Indian Home Textiles industry – Growing expectation Indian Home textile industry mix (%) Indian Home textile industry mix (USD Bn) 8.2 +8% 33% 5.5 49% 4.7 18% Bed Linen Bath Linen Others FY14 FY16P FY21E ➢ India still accounts for only 7% of the global home textile trade, leaving a lot of headroom f
Slide 29: Awards & Accolades
Awards & Accolades KOHL’s, a large retailer in USA has awarded our Company for “Best Collaboration in Design & Product development” JC Penney, a large retailer in USA has awarded us with a “Platinum Certification Status” for Sheets & Fashion bedding category 28
Slide 30: CSR: At Indo Count ‘Every smile counts’
CSR: At Indo Count ‘Every smile counts’ EDUCATION HEALTHCARE WOMEN WATER & SANITATION ➢ 4 Medical Vans reaching EMPOWERMENT ➢ Promoting sanitation by ➢ Promoting Education by implementation of E- 100 rural villages around building/ maintaining ➢ Till date distributed 32 learning systems in Kolhapur
Slide 31: About Us
About Us • Indo Count Industries Ltd (ICIL), is one of India’s largest home textiles manufacturer. • Mr. Anil Kumar Jain, Executive Chairman, has been ranked 10th amongst the India’s Best Top 100 CEO’s 2017 by Business Today. Under his leadership, the Company has focused on some of the world’s fines
Slide 32: Investor Contact
Investor Contact For further information please contact: Indo Count Industries Limited CIN: L72200PN1988PLC068972 Mr. K.R. Lalpuria, Executive Director & C.E.O kklalpuria@indocount.com Mr. K. Muralidharan, Chief Financial Officer (CFO) k.muralidharan@indocount.com Investor Relations Advisors: Strate