Goldiam International Limited · NSE:GOLDIAM
Goldiam International — Q4 FY24 Earnings Presentation
29 slides from Goldiam International's earnings presentation, May 22, 2024
Slide 1: Exchange filing cover letter for investor presentation
May 22, 2024 To, To, BSE Limited National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai- 400 001. Mumbai- 400 051. Scrip Code: 526729 Scrip Code: GOLDIAM EQ Dear Sir/Madam, Sub: Investor Presentation Pursuant to Regulation 30 of
Slide 2: Investor Presentation May 2024
Page - 1 INVESTOR PRESENTATION May 2024
Slide 3: Agenda
Page - 2 Q4 & 12M FY24 UPDATE COMPANY SNAPSHOT INVESTMENT RATIONALE FINANCIAL SNAPSHOT COMPANY STRUCTURE & BOD
Slide 4: Q4 & 12M FY24 Update
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Q4 & 12M FY24 Update
Slide 5: Q4 & FY24: Key Highlights (Consolidated)
Page - 4 Q4 & FY24 : Key Highlights (Consolidated) In ₹ Mn Q4FY24 ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PAT & PAT MARGIN (%) 16.7% 18.1 1,513 12.0% 11.7% 1,349 12 % 22% 10 % 226 274 178 162 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 FY24 ANALYSIS REVENUES EBITDA & EBITDA MARGIN (%) PAT & PAT M
Slide 6: B2B export-Q4 FY24: Key Matrices
Page - 5 B2B export-Q4 FY24: Key Matrices Q4FY24 • Goldiam has been transitioning from a Value pure natural diamond in-store INSTORE ONLINE jewellery company to a major supplier (%) Revenue of Lab Grown Diamond Jewellery, with Qty Value Qty Value Total an omnichannel sales strategy Breakup LAB-GROWN
Slide 7: B2B export-FY24: Key Matrices
Page - 6 B2B export-FY24: Key Matrices FY24 Value • For the full year of FY24, revenue from INSTORE ONLINE Lab-grown diamond jewellery (%) Revenue contributed 49% to the total revenue Qty Value Qty Value Total compared to 21% in FY23. Breakup LAB-GROWN 28% 33.9% 9% 15.4% 49% • Overall Online sales i
Slide 8: B2B export FY24- Key Matrices
Page - 7 B2B export FY24- Key Matrices Realisations (USD) Inventory Break up 917 770 Inventory at Factory 538 (WIP & 467 Stock) 27% Inventory with FY23 FY24 Customers LGD Mined 73% • Realisations for LGD jewellery continue to be at a premium to Mined Diamond jewellery for the company due to Goldiam’
Slide 9: Q4 & FY24: Key Performance Highlights (Consolidated)
Page - 8 Q4 & FY24: Key Performance Highlights (Consolidated) FINANCIAL UPDATES (CONSOLIDATED) • Revenues: Goldiam’s Q4 FY24 consolidated revenue at ₹ 1513 million increased by 12% Y-o-Y basis and 15%. FY24 revenue at ₹ 6167 million grew by 11.3% Y-o-Y. • EBITDA: Q4 FY24 EBITDA at ₹ 274 million incr
Slide 10: Introducing India Retail – LGD only Jewellery Brand
Page 9 Introducing India Retail – LGD only Jewellery Brand India Retail Initiatives – Steps taken • Key senior level team for the retail initiative already joined, including Mr. Abhinav Kumar, President, India Retail • First 3-5 stores to be opened in Q3 FY2025 • New brand identity for India Lab Gro
Slide 11: Consolidated Profit & Loss Statement
Page - 10 Consolidated Profit & Loss Statement Q4FY24 Q4FY23 YoY % FY24 FY23 YoY Total Income 1,513.3 1,349.0 12% 6,167.5 5,542.9 11% COGS 971.8 878.2 11% 4085.8 3528.5 16% Gross Profit 541.5 470.8 15% 2081.6 2014.5 3% Gross Margin % 35.8% 34.9% 89 bps 33.8% 36.3% (259 bps) Employee Expenses 59.9 51
Slide 12: Consolidated Balance Sheet
Page - 11 Consolidated Balance Sheet Liabilities (In ₹ Mn) FY23 FY24 Asset (In ₹ Mn) FY23 FY24 Assets Equity Non-Current Assets Equity Share Capital 217.9 213.5 Property, Plant & Equipment 397.6 396.5 Other Equity 5,638.6 6,091.0 Capital Work in progress - Non Controlling Equity 64.6 50.13 Right to
Slide 13: Company Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Company Snapshot
Slide 14: Goldiam International: Leading Exporter of Diamond Jewellery
Page - 13 Goldiam International: Leading Exporter of Diamond Jewellery OVERVIEW • Established in 1986, today we are a supplier to leading global retailers, departmental stores and wholesalers with a diversified product portfolio of • Natural diamond jewellery • Lab-grown diamonds (LGD) and jewellery
Slide 15: Our Journey - A Constant Architect of Value Addition
Page - 14 Our Journey - A Constant Architect of Value Addition IDEATE INNOVATE IMPLEMENT 1970 - 1990 1995 - 2015 2015-2018 2018-2024 • Goldiam International • Moving from commodity • Amongst the first jewellery • Further consolidation of started exports of cut and business of diamond exporting compa
Slide 16: Goldiam's Edge: Building Momentum with Strength
Page - 15 Goldiam’s Edge: Building Momentum with Strength Financial Strength Building Financial • Debt-Free Operations 1 Resilience • Cash and Cash Equivalents (including investments) over ₹ 3,132.8 mn (31 March 24) • Ability to secure or grow Raw Material at Competitive prices Operational Strengths
Slide 17: Investment Rationale
Page - 16 Investment Rationale
Slide 18: Play on Value Addition and Strong Financials
Page - 17 Play on Value Addition and Strong Financials 1. Expanding our Product Portfolio 3. Growth Orientation • Investing resources for new revenue streams • With the acquisition of Eco-Friendly by launching Branded India retail to Diamonds LLP (EDL), we are maximising the capitalise on the growth
Slide 19: Expanding our Product Portfolio: Our Product Offerings
Page - 18 Expanding our Product Portfolio: Our Product Offerings Mined Diamond Lab- Grown Diamond Jewellery Jewellery
Slide 20: Best-in-Class OEM for US Jewellery Retailers
Page - 19 Best-in-Class OEM for US Jewellery Retailers: Strengthening our Revenue Streams along with better RoE’s By keeping our philosophy of 3I’s (Ideate, Innovate and Implement) in mind, we are moving towards better margins, cost optimisation and omnichannel business models. Evolving our business
Slide 21: Distribution Policy: Creating Consistent Value for Stakeholders
Page - 20 Distribution Policy: Creating Consistent Value for Stakeholders Our Dividend Distribution Policy ensures sustainable and consistent returns to stakeholders. ~₹2bn distributed to shareholders via buyback and dividend over last 5 years (In ₹ Mn) • Committed to wealth-creation for all our sta
Slide 22: Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls
Page - 21 Strong Balance Sheet: A Balance of Efficiency, Effectiveness and Controls DISTRIBUTION POLICY DEBT FREE COMPANY • Committed to wealth-creation • With our prudent and for all its stakeholders. conservative approach towards financial engineering, we have • Average payout (dividend + remained
Slide 23: Financial Snapshot
GOLDIAM GOLDIAM INTERNATIONAL LIMITED Financial Snapshot
Slide 24: Consolidated Financial Snapshot
Page - 23 Consolidated Financial Snapshot In ₹ Mn Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin 21.7% 12.4% 16.2% 14.9% 15.4% 14.7% 6,877 11.9% 20.6% 22.5% 20.8% 6,144 1,547 1,060 5,531 852 909 4060 853 1,250 1282 670 3,645 453 434 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24
Slide 25: Consolidated Financial Snapshot
Page - 24 Consolidated Financial Snapshot In ₹ Mn Cash & Investments as a % of Equity Return on Equity (RoE)* 62.0% 64.6% 21.0% 49.3% 43.1% 43.4% 15.0% 15.2% 14.8% 11.2% FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Leverage Analysis Working Capital Analysis 6,355 0.05 5,921 5,260 4,813 55 202 4
Slide 26: Company Structure & Board of Directors
Page - 25 Company Structure & Board of Directors
Slide 27: Our Group Structure
Page - 26 Our Group Structure Goldiam International Limited (Holding Company) Goldiam Jewellery Limited Goldiam USA Eco-Friendly Diamonds LLP Diagold Designs Limited SEEPZ Mumbai New York, USA SEEPZ Mumbai (Subsidiary Company) (Wholly Owned Subsidiary) (Wholly Owned Subsidiary) (88% Subsidiary) Manu
Slide 28: Our Board of Directors
Page - 27 Our Board of Directors Name of the Designation Description Director Executive Mr Rashesh Bhansali has over 28 years of rich and exhaustive experience in the field of diamonds & Rashesh Bhansali Chairman jewellery. Mr Anmol Bhansali has completed Bachelors of Science in Business Administrat
Slide 29: Thank You!
Page - 28 Company Secretary Mehul Mehta Pankaj Parkhiya Director Email: Dissero_Clients@dissero.co.in Email: investorrelations@goldiam.com Contact Details: +91 98202 80325 Contact Details: 022 28291893 Thank You!
Goldiam International — Q4 FY24 Earnings Presentation on 6ix