Monte Carlo Fashions Ltd. · NSE:MONTECARLO
Monte Carlo Fashions — H1 FY23 Earnings Presentation
33 slides from Monte Carlo Fashions's earnings presentation, Nov 8, 2022
Slide 1: Q2 & H1 FY23 Investor Presentation filing letter
cad: ae M 0 N T E E ARL 0AN~ SS ~ TAN - JLDM04272C it’s the way-you make me feel ~~, CIN - L51494PB2008PLC0321 ~ . — =< MONTE CARLO FASHIONS LIMITED << (Pb.) India. ~~ Regd. Office : B-XXIX-106, G.T. Road, Sherpur, Ludhiana - 141003 650 “NS Tel.: 91-161-504861 0, 5048620, 5048630, 5048640 Fax : 91-1
Slide 2: Investor Presentation H1 & Q2 FY23
Investor Presentation H1 & Q2 FY23 Monte Carlo Fashions Limited
Slide 3: Discussion Summary
Discussion Summary 01 Financial Highlights ……………. 03 02 Company Overview …………….. 16 03 Investment Rationale ………… 21 04 Annexure …………………………… 29
Slide 4: Financial Highlights
01 Financial Highlights Investor Presentation H1 & Q2 FY23 3
Slide 5: H1 FY23: Performance at a Glance
H1 FY23: • Revenue for H1FY23 stood at ₹3,615 Mn up by 29% YoY. The Company reported its good sales for half year on the back of strong brand positioning, quality products aided by normalised macro Performance environment. Q1 FY22 at a Glance • Reported an Operating EBITDA of ₹552 Mn for H1FY23 up b
Slide 6: Q2 & H1 FY23: Financial Highlights
Q2 FY23 In ₹ Mn REVENUES EBIDTA* & EBITDA MARGIN% PAT , CASH PAT & PAT MARGIN% 22.1% 20.4% 2,486 527 Q2 & H1 FY23: 2,383 507 14.2% 430 397 339 303 Financial 12.2% Highlights Q2 FY22 Q2 FY23 Q2 FY22 EBIDTA Q2 FY23 EBIDTA Margin % Q2 FY22 Q2 FY23 PAT Cash PAT PAT Margin % H1 FY23 REVENUES EBIDTA* & EB
Slide 7: Q2 FY23: Revenue Details
Q2 FY23: REVENUE BREAKUP– REGION WISE (Including Online Sales) Q2 FY22: Rs 2,503 Mn Q2 FY23: Rs 2,649 Mn REVENUE BREAKUP – CHANNEL WISE Q2 FY22: Rs 2,503 Mn Q2 FY23: Rs 2,649 Mn Revenue 8% 7% 3% Details 8% 3% 6% 3% 4% 2% 6% 51% 24% 31% 23% 51% 48% 57% 31% 3% 4% 2% 11% 5% 9% North South East West Cen
Slide 8: H1 FY23: Revenue Details
H1 FY23: REVENUE BREAKUP– REGION WISE (Including Online Sales) H1 FY22: Rs 2,954 Mn H1 FY23: Rs 3,824 Mn REVENUE BREAKUP – CHANNEL WISE H1 FY22: Rs 2,954 Mn H1 FY23: Rs 3,824 Mn Revenue 8% 7% 3% 5%3% Details 8% 5% 5% 4% 2% 30% 52% 23% 24% 52% 57% 53% 31% 5% 4% 6% 2% 7% 4% North South East West Centr
Slide 9: Q2 & H1 FY23: Revenue Analysis
Q2 & H1 FY23: In ₹ Mn Q2 FY22 REVENUE BREAKUP - SEGMENT WISE Q2 FY23 H1 FY22 H1 FY23 FY22 Revenue Total Revenues* 2,503 2,649 2,954 3,824 9,239 Analysis Cotton Segment 47.7% 51.1% 54.1% 56.6% 54.7% Woollen Segment 22.7% 26.1% 16.5% 16.2% 24.0% Home Textiles 22.8% 15.0% 23.2% 20.5% 13.8% Kids 6.8% 7.
Slide 10: Diversified Portfolio
Diversified SEGMENT COMPOSITION COTTON SEGMENT BIFURCATION – H1 FY23 Portfolio 9.1% 11.7% 14.3% 13.8% 5.3% 20.5% 6.9% 6.6% 7.6% 10% 6.7% 17% 60.1% 59.1% 51.4% 54.6% 52% 56.6% 5% 16% 25.5% 27.7% 24.0% 22.3% 16.2% Tshirt & Shirt Denim & Trousers Jackets , coats & Suits 2019 2020 2021 2022 H1FY23 Wooll
Slide 11: Q2 & H1 FY23: Profit and Loss Statement
Q2 & H1 FY23: Particulars (In ₹ Mn) Revenue From Operations Q2 FY23 2486 Q2 FY22 2383 YoY% 4% H1 FY23 3615 H1 FY22 2800 YoY% 29% FY22 9043 Profit and Loss Material Cost Gross Margin 1128 1358 1172 1211 -4% 12% 1592 2023 1236 1564 29% 29% 4678 4365 Statement Gross Margin % 54.6% 50.8% 381bps 56.0% 55
Slide 12: Consolidated Balance Sheet
Particulars (Rs Million) Sep-22 Mar-22 Particulars (Rs Million) Sep-22 Mar-22 Consolidated Equities & Liabilities Non-Current Asset 1465 1532 Property, Plant and equipment Equity Share Capital 207 207 Right-of-use assets 906 782 Balance Other Equity 6,518 6,667 Capital work in progress 127 13 Total
Slide 13: Financial Performance
In ₹ Mn Financial CONSISTENT REVENUES EBITDA & EBITDA MARGIN Performance 19.7% 18.6% 19.9% 9,043 17.1% 15.0% 7,256 6,564 6,220 1,800 5,760 1,132 1,244 1,155 983 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA (mn) EBITDA Margin % PAT & PAT MARGIN LEVERAGE & RETURN RATIOS 12.6% 0.11 0.10 0.1
Slide 14: Q2 & H1 FY23 New Store Launches
New store at Dehradun New store at Meerut Q2 & H1 FY23 New Store Launches Investor Presentation H1 & Q2 FY23 13
Slide 15: Q2 & H1 FY23 Highlights
Staff Training Session Q2 & H1 FY23 Highlights Investor Presentation H1 & Q2 FY23 14
Slide 16: Q2 & H1 FY23 Advertising Campaigns
Q2 & H1 FY23 DIGITAL PRINT OTHERS Advertising Campaigns Investor Presentation H1 & Q2 FY23 15
Slide 17: Company Overview
02 Company Overview Investor Presentation H1 & Q2 FY23 16
Slide 18: Monte Carlo: India's First Organised Lifestyle Apparel Brand
Monte Carlo: Strong Pedigree Manufacturing Plants INDIA’S First Leading Winter wear Brand, launched in 1984 2 Manufacturing Plant located in Ludhiana promoted by Sh. Jawahar Lal Oswal ,CMD, Oswal woollen Mills Ltd and Nahar Group Organised Super Brand Diversified Product Portfolio Lifestyle Recogniz
Slide 19: Diversified Product Portfolio
Diversified Range Woollen TRENDY AND PREMIUM QUALITY APPROACH TO CLOTHING Cotton Home Furnishing Kids Product Monte Carlo Sweaters, Pullovers thermals, Shirts, trousers, Mink blankets, bed Portfolio Mid Premium / woollen accessories t-shirts, track-suits and - sheets and quilts Premium (caps, muffle
Slide 20: Our Business Model
BUSINESS CYCLE FOR WINTER SEASON SALES Our October November December January - February Till March • Product development • Commissioned agents display the • The dealers and • Dispatching of winter Business samples to dealers and distributors of the MBOs • Production of pre- wear products to & Sampli
Slide 21: Distribution Model
Distribution Model MINIMUM GOODS RETURNED LOW CREDIT RISK COMMANDS PRICING POWER ORDER TO PRODUCE MODEL MBO and NCS Shop In Shop EBO-COCO EBO –FOFO Distributors Distribution Sale Pre-Booking of orders SOR – Sale or Return / Pre-Booking of orders Inventory owned by Pre-Booking of orders Model Outrigh
Slide 22: Investment Rationale
03 Investment Rationale Investor Presentation H1 & Q2 FY23 21
Slide 23: Investment Rationale
Investment Strong brand Equity Rationale commanding good credit terms with suppliers Consistent rewards Extensive to Shareholders in distribution form of dividend or network with buy back presence across Investment India Rationale Continuous Strong financial technology and no major upgradation as ca
Slide 24: Strong Brand Equity
Strong Brand Equity … ❖ Monte Carlo” has Strong Brand Equity ❖ Being a Premium Brand, Monte Carlo enjoys Pricing Power & Customer Loyalty ❖ Regular Investment in Brand Building & Marketing Initiatives Aspire to service end to end wardrobe requirements of Indian consumers by Investor Presentation fur
Slide 25: Having Pan India Presence
Having J&K 5 Ladakh 1 DISTRIBUTION NETWORK Pan India STORE NETWORK HP 13 Type of Store FY21 FY22 H1FY23 Punjab 46 Chandigarh 4 Uttarakhand 8 EBO – COCO 43 55 65 Presence Haryana 32 EBO – FOFO 256 260 271 Delhi 23 MBO and Distributors 1,777* 2,108 1927 UP 47 NCS 622 740 687 Rajasthan 34 Assam 2 Bihar
Slide 26: Regular Technology Upgradation
Regular Whole Garment Machine Cotton Woollen Technology Upgradation ▪ 35+ professionals closely tracking the trending global fashion ▪ To meet the standards of technology upgradation and modernisation, Company has installed the automatic whole-garment state-of-art manufacturing facility, at the exis
Slide 27: Led by Experienced Management Team
Led by ▪ Sh. Jawahar Lal has More than 51 years of experience in the textile and woollen industry Sh. Jawaharlal Oswal ▪ Awarded the ‘Udyog Ratna Award’ by the PHD Chamber of Commerce and Industry, the ‘LMA-Sat Experienced Chairman & MD Paul Mittal Life Time Achievement Award’ by the Ludhiana Manage
Slide 28: Resulting in Strong Financials
Resulting in Strong Healthy Return Ratios Financials Ability to sustain Robust growth without any major capex; Return Ratios set to improve Strong Balance Sheet Position Cash balance of Rs 2,772 Mn (includes cash and bank balance along with current and non-current investments) as on 30st September 2
Slide 29: Consistent Reward to Shareholders
Consistent Strong Track Record and Proven Expertise to Generate Healthy, Predictable and Sustainable Returns Dividend% Reward to Buy Back 200% Shareholders 150% 120% Buy back 100% 50% FY17 FY18 FY19 FY20 FY21 FY22 Investor Presentation COMPANY HAS DONE BUY BACK OF RS. 550 MN IN FY19 TO REWARD SHAREH
Slide 30: Annexure
04 Annexure Investor Presentation H1 & Q2 FY23 29
Slide 31: Branding Initiatives
Proven track record in building brands in India TIE-UPS WITH NATIONAL CHAIN STORES Clothing partner for the blockbuster Bollywood films Saaho, Barfi, Mary Kom, Bhaag Milkha Bhaag, and Student of the Branding Year Initiatives STRATEGIC TIE-UPS with Theatres, Air Lines & Digital Platforms TIE-UPS WITH
Slide 32: CSR Activities
CSR WE BELIEVE IN “FULFILLING ASPIRATIONS AND TRANSFORMING LIVES“ Activities The organization has worked towards the betterment of various schools & institution at Dhandari Kalan Government Primary school , Govt School (Magra Lulu), Brailee Bhawan Ludhiana by providing them operational & Financial s
Slide 33: Thank You
Thank You Ms. Jill Chandrani Mr. Dinesh Gogna Associate Analyst Director Ms. Kinneri Saha Mr. Sandeep Jain Associate Director Executive Director Mr. Chintan Mehta Mr. Rishabh Oswal Director Executive Director Email: monte.carlo@dickensonworld.com Email: investor@montecarlocorporate.com Disclaimer: T