Timex Group India Limited · BSE:TIMEX
Timex Group India — Q4 FY2023 Earnings Presentation
33 slides from Timex Group India's earnings presentation, May 23, 2023
Slide 1: 1
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Slide 2: Timex Group India Limited Investor Presentation
Timex Group India Limited Investor Presentation May 23, 2023 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: Business Update
Business Update Best ever fiscal year • In FY23, the Company delivered highest ever revenue, clocking 45% growth over FY22 • FY23 saw the delivery of highest ever PBT, with 821% growth over FY22 • Growth was led by Timex brand, fashion and luxury segment and trade and E- Commerce channels • Guess an
Slide 5: Timex Group Acquires Just Watches
Timex Group Acquires Just Watches In a significant move, Timex Group has acquired the premium watch retail brand ‘Just Watches’. With this deal, Timex India will be taking over all the physical stores of Just Watches and their e-commerce portal – justwatches.com This is in line with Timex India’s gr
Slide 6: Q4'FY23 Highlights
Q4’FY23 Highlights TIMEXGROUP
Slide 7: Associate Partner – Gujarat Titans
Associate Partner – Gujarat Titans Announced partnership with the defending champions, Gujarat Titans – Timex as a brand has met its match in Gujarat Titans, the defending champions of the Tata Indian Premier League (IPL). The brand is excited to be a part of the GT family & is all set to enter the
Slide 8: India Beach Fashion Week 2023
India Beach Fashion Week 2023 Partnered with the India Beach Fashion Week – a fashion event that brought across designers from across the country ·:,: .· ---.......;..:.-~ TIMEX GROU P 8
Slide 9: India Beach Fashion Week 2023
India Beach Fashion Week 2023 Partnered with the India Beach Fashion Week – a fashion event that brought across designers from across the country TIMEX GROU P 9
Slide 10: Samaya Bharati 2023
Samaya Bharati 2023 January 2023 Timex Group attended Samaya Bharati, also known as the India International Watch and Clock Fair, which took place from January 19 to January 21, 2023. The 21st India International Watch & Clock Fair, 2023 featured the newest products and developments from internation
Slide 11: Financial Performance Q4 FY2022-23
Financial Performance Q4 FY2022-23
Slide 12: TGIL Financial Performance Q4 & FY 2022-23
TGIL Financial Performance Q4 & FY 2022-23 • Revenue has grown by 5% during the quarter as compared to last year. During the financial year revenue has grown by 45% over last year. • EBITDA is at Rs. 760 lacs during the quarter as compared to Rs. 356 lacs during last year. EBITDA for financial year
Slide 13: Financial Performance – Quarter Ended 31st March 2023
Financial Performance – Quarter Ended 31st March 2023 Income EBITDA 9000 800 10.0% EBITDA 700 EBITDA % 9.1% 8.0% 8335 600 500 6.0% Rs. in lakhs 7981 Rs. in lakhs 8000 400 760 300 4.5% 4.0% 200 356 2.0% 100 7000 0 0.0% Q4 Q4 Q4 Q4 21-22 22-23 21-22 22-23 Company’s operations and financial results for
Slide 14: Financial Performance – Full Year Ended 31st March 2023
Financial Performance – Full Year Ended 31st March 2023 Growth 45% EBITDA Total Income 4500 12.0% 45000 EBITDA 3859 38378 4000 40000 EBITDA % 10.0% 3500 10.1% 35000 3000 8.0% Rs. in lakhs 30000 Rs. in lakhs 26554 25000 2500 6.0% 20000 2000 3.3% 15000 1500 4.0% 10000 1000 869 2.0% 5000 500 0 0 0.0% 2
Slide 15: Financial Performance – Total Income Trend
Financial Performance – Total Income Trend Total Income 45000 40000 38378 35000 30000 26554 24190 25229 25000 Rs. in lakhs 20000 14211 15000 10000 5000 0 2018-19 2019-20 2020-21 2021-22 2022-23 15
Slide 16: Financial Performance – EBITDA Trend
Financial Performance – EBITDA Trend EBITDA 4500 4000 3859 3500 3000 Rs. in lakhs 2500 2000 1500 1153 1000 869 500 397 0 2018-19 2019-20 2020-21 2021-22 2022-23 -500 -238 16
Slide 17: Financial Performance – EBITDA % Trend
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% -1.7% 2018-19 2019-20 2020-21 2021-22 2022-23 -2.0% -4.0% -6.0% 17
Slide 18: 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 18
Slide 19: Shareholding Pattern
Shareholding Pattern 31-Mar-20 30-Jun-20 30-Sep-20 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 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 0.03% 0.03% 0.03% 0.03%
Slide 20: Market Capitalization
Market Capitalization 6 year CAGR: 16% 165 30000 1,30,000 29500 1,22,200 155 1,10,000 29000 28500 90,000 145 28000 70,000 51,989 135 67,233 27500 50,778 43,560 50,000 27,660 27000 125 30,000 17,616 26500 10,000 115 26000 Mar-17 Jan-17 Dec-17 Mar-18 Jan-18 Mar-19 Jan-19 Mar-20 Jan-20 Mar-21 Jan-21 Ma
Slide 21: About Us
ABOUT US
Slide 22: Timex Group is America's Oldest Watchmaker, Established in 1854
Timex Group is America’s Oldest Watchmaker, Established in 1854 in Connecticut, USA Designs, manufactures and distributes products to consumers around the world ~170 YEARS OF EXPERIENCE 13+ GLOBAL BRANDS 2.7B WATCHES SOLD 120 DISTRIBUTORS 3,000 GLOBAL EMPLOYEES 22
Slide 23: Legacy, Craftsmanship, Design
Legacy Craftsmanship Design Fairness TIMEX GROUP 23
Slide 24: Takes a Licking. Keeps on Ticking
Takes a Licking. . '' .. Keeps on Ticking f'/, -· - ... ~ . ... By tt..196Ds, cur .,..tdlH,...,.. so 11l00<pens>Ye. hand..,. and durable.~ thwd .,..tdl sold 1n Ame<a WillS a Tmn Our televiSed tartur• tests. p~ our mochanoal supenonty, cl our Tmex ~-. st1l a favor•t. Made for Badass Women a'ter il ha
Slide 25: The World's Most Popular Watch
The World's Most Popular Watch If the waterbury watO'liS our soul The Tomex Easy Reader~ n cur Hear-~ Beautlut on lis sorpilaty the t""";""'- utilitanan design qUICkly became uboqurtouswoth Tmex. Slnce19n. we've made"""e !han 100 m1 1011.1! your father had a Tr.>eX. ot was probably a Trl'ex Easy Rea
Slide 26: Smart Before it was Cool
Smart Before it was Cool Wo .,troducKI llw fnt cmnected "smart" WO<cl> _ . before most peopiR evon owned a moble f7lOnL The r,_ Dotailnk os one of wry '""' WTISt watct>es offocoolly certoloed fo< sp.:e t\Jglot by NASA. ~used a dogotAI ~to r5d lltormato"" rrorn your computer saeen- bUilt llw IOYnda:>
Slide 27: 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 28: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Pradeep Mukerjee | Independent Director Experience: 23+ years Experience: 30+ years Qualification: B. Sc. (Computer Science) - University of Alabama Qualification: Masters in Personal Management & & a Juris doctorate from Washington & Lee Univers
Slide 29: Brand Portfolio
Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments TIMEXGROUP TIMEX VERSACE GUESS FERRAGAMO MISSOIO PHILIPP PLEI N TED BAKER NAUTICA PLEIN IIPDII1r FUR LA IlN C E ltl7 IIALT LONDON HELIX TIMEX GROUP 29
Slide 30: 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 5188 315 805 33 87 30
Slide 31: Supply Chain: A True Global Watchmaker
Supply Chain: We are a True Global Watchmaker with the Owned Capabilities Middlebury, USA Besancon, France Pforzheim, Germany Lugano, Switzerland Baddi, India Cebu, Philippines HQ & Watchmaking Movement Production Research and Development Watchmaking Manufacturing Manufacturing 31
Slide 32: 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 33: TGIL After Sales Service
TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service 5 12 151 33