Renaissance Global Limited · NSE:RGL
Renaissance Global — Q1 FY22 Earnings Presentation
26 slides from Renaissance Global's earnings presentation, Aug 12, 2021
Slide 1: Cover letter to stock exchanges: Performance Highlights for Q1 FY22
Ref. No.: RGL/S&L/2021/132 August 12, 2021 Bombay Stock Exchange 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, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Sub.: Performa
Slide 2: Q1 FY22 Financial Overview
RENAISSANCE GLOBAL LIMITED Q1 FY22 FINANCIAL OVERVIEW 1
Slide 3: Message from Vice Chairman
Message from Vice Chairman Commenting on Q1 FY22 performance, Mr. Sumit Shah – Vice Chairman, Renaissance Global Limited said, “We are proud of our team for delivering a strong performance in Q1 FY22. Our revenue grew 121% Y-o-Y, delivering highest ever recorded Profit before Tax of ₹ 280 million an
Slide 4: Highlights for Q1 FY22
Highlights for Q1 FY22 Particulars (In ₹ Mn) Q1 FY22 Q1 FY21 Growth % Q1 FY20 FY21 FY20 YoY % Revenues 4,095 1,856 121% 5,978 20,312 25,018 -19% Gross Profit 1,367 248 450% 1,042 3,889 4,897 -21% EBITDA 413 -111 317 1,156 1,708 -32% PBT 280 -248 183 592 1,100 -46% PAT* 238 -178 170 463 922 -50% • Th
Slide 5: Segment wise Revenues & EBITDA Q1 FY22
Segment wise Revenues & EBITDA Q1 FY22 ₹ in Million Q1 FY22 Q1 FY21 Business Segment Revenues EBITDA EBITDA % Revenues EBITDA EBITDA % Studded 3,822 398 10.4% 1,618 -110 -6.8% Customer Brands 2,907 260 8.9% 1,274 -103 -8.1% Branded Jewellery 915 138 15.0% 344 -8 -2.2% B2B 665 92 13.9% 286 -13 -4.7%
Slide 6: Growing Focus on Brands
Growing Focus on Brands • The Company is focusing on growing its portfolio of licensed and own brands. • RGL currently holds exclusive licenses of the following brands: Enchanted Disney Fine Jewelry – Disney Princesses IP Disney Treasures Fine Jewelry – A collection of iconic characters of Disne
Slide 7: 'Enchanted Disney Fine Jewelry' Collection expands into China
‘Enchanted Disney Fine Jewelry’ Collection expands into China • The Company launched the “ENCHANTED DISNEY FINE JEWELRY” Collection in partnership with the second largest Chinese jewelry retailer Lao Feng Xiang (LFX) for the Chinese market in Q1 FY22. • This synergistic alignment is of great importa
Slide 8: Growing Direct to Consumer (D2C) Business
Growing Direct to Consumer (D2C) Business Quarterly D2C Sales Trend D2C Annual Revenue Run Rate* 400 1,400 1,248 1,200 Revenues ( in ₹ Mn.) 276 Revenues (in ₹ Mn) 250 1,000 226 800 200 649 600 89 400 57 200 0 - Q1 Q2 Q3 Q4 FY21 Q1 FY22 ARR* FY21 FY22 • The online direct to consumer business is a hig
Slide 9: Direct to Consumer Business
Direct to Consumer Business • Based on Q1 FY22 sales, the direct to consumer business is trending at ₹ 1,248 million Annual Revenue Run Rate with the existing websites. • Consumer response has been highly encouraging on the newly launched website for Hallmark Diamonds. (https://www.hallmarkdiamondsc
Slide 10: Strengthening the Balance Sheet
Strengthening the Balance Sheet • Net Debt to Equity ratio as of Jun 2021 was 0.25 v/s Jun 2020 Net Debt to Equity ratio of 0.45 • Cash and Bank Balances and Current Investments as on Jun 2021 stood at ₹ 2,563 million • TTM Return on Equity at 10.9% vs. Return on Equity for FY21 at 6% • TTM Core Ret
Slide 11: TTM Free Cash Flow Generation & Growing Book Value Per Share
TTM Free Cash Flow Generation & Growing Book Value Per Share TTM Free Cash Flow Book Value Per Share* 15.2% 1,941 500 456 465 2,000 CAGR 1,128 1,157 TTM Free Cashflow (₹ million) 400 374 356 294 - 300 FY19 FY20 FY21 Q1 FY22 TTM 200 -2,000 100 - Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 -4,000 -3,512 10 *Bo
Slide 12: Improving Debt-Equity Ratio due to robust cash flow generation
Improving Debt-Equity Ratio due to robust cash flow generation Leverage (₹ Mn) Working Capital Analysis 154 157 187 194 179 10,161 8,183 8,449 9,865 8,421 6,647 6,992 7,460 8,429 8,603 3,731 4,051 3,694 3,796 3,802 -2,931 -1,467 5,033 3,612 3,393 -1,422 -1,453 2,416 2,176 -2,601 FY19 FY20 Jun-20 FY2
Slide 13: Q1 FY22: Key Highlights
Q1 FY22 : Key Highlights Q1 FY22 vs. Q1 FY21 In ₹ Mn Revenues EBITDA & EBITDA Margin PAT & PAT Margin* Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 4,095 Q1 FY21 Q1 FY22 450 20.0% 350 15.0% 12.0% 10.0% 250 10.1% 1,856 413 5.8% 5.0% 121% 150 238 0.0% 50 2.0% -5.0% -9.6% -10.0% -50 -111 -6.0% -15.0% -178 -150 -8.0
Slide 14: Q1 FY22: Segment Analysis
Q1 FY22 : Segment Analysis Segment wise Revenue Mix Geographical Mix Q1 FY22 Q1 FY22 17% 16% 6% 71% 17% 7% 66% Q1 FY21 Q1 FY21 15% 27% 3% 13% 51% 69% 22% Customer brands Branded B2B Branded D2C Plain Gold N. America Middle East Others 13
Slide 15: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Mn) Q1 FY22 Q1 FY21 YoY % FY21 FY20 YoY % Revenue From Operations 4,095 1,856 121% 20,312 25,018 -19% Other Income 101 41 161 83 Total Income 4,196 1,897 121% 20,474 25,102 -18% COGS 2,829 1,648 72% 16,585 20,205 -18% Gross Profit 1,367 248 450%
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Mn) Jun-21 Jun-20 Particulars (In ₹ Mn) Jun-21 Jun-20 Shareholder's Funds 8,603 7,460 Non-Current Assets Equity Share Capital 187 187 Fixed Assets – Tangible & Intangible 760 916 Reserves & Surplus 8,416 7,274 CWIP & Intangibles under development 7 2 Mino
Slide 17: FY22 Outlook
FY22 Outlook Net Income Year EPS (₹ mn) FY20 922 47.1 FY21 463 22.7 • The Company expects the Net Income for FY22 to grow 18 to 22% based on FY20 Net Income and 140% as compared to FY21 Net Income. 16
Slide 18: About Renaissance Global
About Renaissance Global Renaissance Global Limited is a highly differentiated luxury lifestyle products company. It is a global jewellery company focused on distribution and manufacturing of customer brands and supplier of licensed branded jewellery through its licensing agreement to sell “Enchante
Slide 19: Our Direct to Consumer Websites
Our Direct to Consumer Websites 18 https://www.enchantedfinejewelry.com/
Slide 20: starwarsfinejewelry.com
https://starwarsfinejewelry.com/ 19
Slide 21: hallmarkdiamondscollection.com
20 https://www.hallmarkdiamondscollection.com/
Slide 22: jewelili.com
https://www.jewelili.com/ 21
Slide 23: diamondsmadeforyou.com
https://diamondsmadeforyou.com/ 22
Slide 24: 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 25: 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 26: Thank You
RENAISSANCE GLOBAL LIMITED THANK YOU For any investor queries, reach out to Renaissance Global Limited Renaissance Global Limited CDR India G. M. Walavalkar Anoop Pujari/ Jenny Rose Abhijit S. Karandikar Compliance Officer Manager – Investor Relations Email: anoop@cdr-india.com Email: investors@rena