Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — Q4 FY24 Earnings Presentation
44 slides from Indo Count Industries's earnings presentation, May 27, 2024
Slide 1: Exchange filing cover letter
Ref No.: ICIL/19/2024-25 May 27, 2024 National Stock Exchange of India Ltd. BSE Limited 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 : ICIL
Slide 2: Q4 & FY24 Investor Presentation
INDO COUNT INDUSTRIES LIMITED Q4 & FY24 INVESTOR PRESENTATION MAY 2024
Slide 3: Safe Harbour
SAFE HARBOUR 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, “Our company has demonstrated remarkable performance in FY24, as evidenced through our results. The strategic focus on moving towards value-added products through brands and distribution, leveraging capital
Slide 5: FY24 Marks a Year of Record-Breaking Achievements
FY24 MARKS A YEAR OF RECORD-BREAKING ACHIEVEMENTS KEY HIGHLIGHTS Highest ever Highest ever Net Worth Quarterly & Yearly Yearly Crossed REVENUE EBITDA Rs. 2,000 Crs Particulars (Rs. In Crs) Q4FY24 Q4FY23 YoY% FY24 FY23 YoY% Total Income 1,093 810 35% 3,601 3,043 18% EBITDA 166 147 13% 603 486 24% EBI
Slide 6: FY24 Highlights
FY24 HIGHLIGHTS VOLUME AND REVENUE GROWTH FY24: VOLUME GUIDANCE OF SUSTAINABILITY INITIATIVES ALLIGN WITH 110-115 MN. MTRS. GLOBAL COMPLIANCE 153 Mn. Mtrs. +30% +18% ✓ Bhilad unit embraces 90% renewable energy Largest Global 110-115 Bed Linen PLAYER 96.8 3,601 96.8 and Total 21.5 MW capacity across
Slide 7: Financial Result Snapshot – Q4 & FY24
FINANCIAL RESULT SNAPSHOT – Q4 & FY24 VOLUMES TOTAL INCOME EBITDA PAT EPS FY24 96.8 Mn Mtrs Rs. 3,601 Crs Rs. 603 Crs Rs. 338 Crs Rs. 17.06 Q4FY24 28.7 Mn Mtrs Rs. 1,093 Crs Rs. 166 Crs Rs. 92 Crs Rs. 4.64 +30% +18% +24% +22% +22% 96.8 74.7 3,043 3,601 603 338 17.06 486 277 13.97 FY23 FY24 FY23 FY24
Slide 8: Q4 & FY24 Consolidated Profit & Loss Statement
Q4 & FY24 CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crs.) Q4FY24 Q4FY23 YoY % FY24 FY23 YoY % Total Income 1,093 810 35% 3,601 3,043 18% EBITDA 166 147 13% 603 486 24% EBITDA Margin (%) 15.1% 18.1% -301 bps 16.7% 16.0% 78 bps Depreciation 22 16 83 65 Finance Cost 20 7 70 62 PBT 124 123 0
Slide 9: FY24 Consolidated Balance Sheet Statement
FY24 CONSOLIDATED BALANCE SHEET STATEMENT ASSETS (Rs. Crs.) Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Mar-24 Mar-23 Non-Current Assets Equity Property, Plant & equipment 1,276 1,046 Equity Share Capital 40 40 Capital Work in progress 25 171 Other Equity 2,049 1,753 Right of Use 56 51 Non-Contr
Slide 10: FY24 Consolidated Cash Flow Statement
FY24 CONSOLIDATED CASH FLOW STATEMENT Particulars (Rs. Crs.) FY24 FY23 Profit before Tax & Exceptional 450 359 Adjustment for Depreciation & other items 125 105 Operating profit before working capital changes 576 463 Changes in working capital (331) 379 Cash generated from operations 245 843 Direct
Slide 11: Consistent Performance
CONSISTENT PERFORMANCE 3,601 603 359^^ 338 2,932^ 3,043 524^ 486 277 2,557 415 249 2,135 238 73 FY20 FY21 FY22^ FY23 FY24 FY20 FY21 FY22^ FY23 FY24 FY20 FY21 FY22^^ FY23 FY24 Total Income (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 0.57 22.3% 22.5% 21.3% 19.4% 18.8% 16.2% 16.7% 17.7% 15.4% 0.33 0.32
Slide 12: Capex Update
CAPEX UPDATE ESTIMATED CAPITAL EXPENDITURE FOR FY 2025 Particulars ( Rs. In Crores) Estimated cost 1. Solar Energy Project (Approximately 8 MW) 35 2. Zero liquid discharge (ZLD) Effluent water treatment plant 50 3. Maintenance and other Capex 65 TOTAL INVESTMENT 150 "Future capital expenditure prior
Slide 13: Our Strategic Leap: Acquisition of National US Brand - Wamsutta
OUR STRATEGIC LEAP : ACQUISITION OF NATIONAL US BRAND - WAMSUTTA Established in 1846, Wamsutta A legacy of more than 175 Sales of WAMSUTTA branded Acquired Global trademark Brand consistently achieves boasts a rich history in the textile years popular home goods across various product and IP rights
Slide 14: Expanding Product Portfolio: License Brand Tie-Ups
EXPANDING PRODUCT PORTFOLIO: LICENSE BRAND TIE-UPS SECURED LICENSING AGREEMENTS FROM ICONIX INTERNATIONAL Value-Driven Approach: Strengthened brand portfolio: Reinforcing our commitment to Diverse products offering will high-yield, value-added products enhance overall market share and position Enhan
Slide 15: Way Forward
WAY FORWARD Focus on Value-Added & Branded Products • Emphasis on value-added segment to expand margin growth • WAMSUTTA: increase the global presence of the brand 03 Expanding Geographies Cost Optimization and Capital Allocation • Focus on Strategic investments in the supply • Licensed brand tie-up
Slide 16: ICIL: Inclusion in Dow Jones Sustainability Index Family
ICIL : INCLUSION IN DOW JONES SUSTAINABILITY INDEX FAMILY DJSI Index Objective and Methodology The Dow Jones Sustainability Indices (DJSI) are globally recognized benchmarks, tracking the stock performance of the top 10% most sustainable companies across 61 industries. ▪ Indo Count debuts in S&P Glo
Slide 17: Driving Operational Efficiency
ENHANCING ESG TO GEAR FOR FUTURE GROWTH Digital Transformation Efforts Indo Count engaged Accenture on a digital transformative journey ▪ Process Enhancement Focus: Targeted functions for standardization and optimization include manufacturing, supply chain, logistics, and procurement ▪ Digital Core
Slide 18: Our Journey of Resilience & Growth
OUR JOURNEY OF RESILIENCE & GROWTH ▪ With Bhilad unit acquisition Total Bed Linen Enhanced capacity to Capacity increased to 153 Mn meters Acquired Bed Linen 90 mn meters ▪ Brownfield expansion of 18Mn completed Pranavaditya capacity Launched brand ICIL established ▪ Addition of Spinning Spinning Mi
Slide 19: Leadership Position
LEADERSHIP POSITION Our strategy of being a ‘Focussed’ and ‘Customer centric’ organisation has taken us to a leadership position Focused business approach Our extensive product portfolio Growing into a stronger Trusted and Innovative aids in better understanding assists us in providing customers cor
Slide 20: Industry Overview
INDUSTRY OVERVIEW
Slide 21: USA Home Textiles Market Dynamics
USA HOME TEXTILES MARKET DYNAMICS US imports of Cotton Sheets US imports of Cotton Pillowcases US imports of Cotton Bedspread India Pakistan China ROW 11.8% 10.9% 12.2% 10.0% 7.6% 11.4% 9.9% 9.3% 10.9% 12.2% 13.5% 11.4% 13.9% 13.0% 13.8% 12.1% 12.6% 15.8% 9.0% 11.9% 10.8% 14.2% 19.3% 14.1% 14.5% 14.
Slide 22: Retail Sales in USA
RETAIL SALES IN USA Annual Retail Sales and Sales Growth Source: nrf.com 13.6% 7.7% 8.0% 4.1% 4.3% NRF Forecast 3.3% 3.5% 3.4% 3.6% 2.9% 2.9% 2.5% - 3.5% $ 3.03T $ 3.15T $ 3. 26T $ 3.35T $ 3. 47T $ 3.62T $ 3.7T $ 4.03T $ 4.5T $ 4.9T $ 5.13T $ 5.2T 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 20
Slide 23: Retail Ecommerce Sales in US
RETAIL ECOMMERCE SALES IN US US Retail Ecommerce Sales: 2022 – 2026 US E-commerce sales penetration marks new high, capitalizing on pandemic- fueled changes (US $ Trillions) in shopping behaviour Retail Ecommerce Sales Ecommerce's share of total retail sales by quarter (Q1FY19 – Q4FY23) % of Total R
Slide 24: Textile Industry Trends
TEXTILE INDUSTRY TRENDS Global Home textile market is expected Major exports markets for home textiles Domestic Home Textile Market Scenario to reach $60bn by 2025 13 (in $ Bn) 60 51 ROW 35% USA 8 31% 7 Europe 4 34% 2 2020 2025E 2005-06 2010-11 2019-20 2020-21E 2025-26P Source - Industry, various re
Slide 25: Company Overview
COMPANY OVERVIEW
Slide 26: About Us
ABOUT US The Largest Global Home Textile Bed Linen Company Domestic Business B2C & D2C brands Comprehensive product portfolio in the premium segment that comprises of bed sheets, fashion bedding, utility bedding and institutional bedding Our Forte ESG Focused Biodiversity Business Ethics Solar / Win
Slide 27: Our Global Footprint
OUR GLOBAL FOOTPRINT SERVICES (WORLD OVER) ▪ Product Development 10,000+ Employees UK ▪ EDI-based replenishment (Direct/Indirect) services USA ▪ Market Research UAE ▪ Total Supply Chain INDIA Solutions Corporate Office - Mumbai ▪ Inventory Planning • Showroom, Warehouse, E-com Manufacturing Plants -
Slide 28: Providing Complete Bedlinen Solution
PROVIDING COMPLETE BEDLINEN SOLUTION Bed Sheets Fashion Utility Institutional Bedding Bedding Bedding Flat Sheet Comforters & Duvets Mattress Pads, Basic white sheets Fitted Sheets Shams & Decorative Pillows Protectors, Pillows Shams & Pillows Pillow-cases Quilts, Coverlets Down Alt Comforters Bed S
Slide 29: Overview of B2C & D2C Initiatives
OVERVIEW OF B2C & D2C INITIATIVES
Slide 30: Our Brand Portfolio
OUR BRAND PORTFOLIO OUR PORTFOLIO Focused digital presence in US, Europe, Middle-East and India Branded E-commerce & Other Domestic Business Digital Channels Business FY23 14% of Revenue 10% of Revenue 2.5% of Revenue Shift from Current focus on Ambitious 5 Year Plan Traditional Retail to Brand buil
Slide 31: Acquisition of US National Brand
ACQUISITION OF US NATIONAL BRAND WAMSUTTA - AN INDUSTRY-LEADING HOME FASHIONS BRAND HAS DELIGHTED GENERATIONS OF CONSUMERS WITH LUXURIOUS BED, BATH AND OTHER HOME FASHION PRODUCTS 30
Slide 32: New Licensed Brand Tie-Ups
NEW LICENSED BRAND TIE-UPS WAVERLY - LEADING THE WAY IN PRINTS AND PATTERNS SINCE FIELDCREST STANDS THE TEST OF TIME – OFFERING 1923, WAVERLY HAS STOOD THE TEST OF TIME AS A TRAILBLAZER FOUNDATIONAL LUXURY FOR THE MODERN FAMILY IN HOME FASHION AND LIFESTYLE TRENDS 31
Slide 33: Domestic Brands
DOMESTIC BRANDS BOUTIQUE LIVING LAYERS A PREMIUM BRAND WITH EXQUISITELY AFFORDABLE BED LINEN BRAND WITH CRAFTED BED LINEN DESIGNS MASSIVE ARRAY OF PRODUCTS 32
Slide 34: Brand Promotion Activities Conducted During the Quarter
BRAND PROMOTION ACTIVITIES CONDUCTED DURING THE QUARTER Promoting the brand through various channels New Initiatives Visual Merchandising Influencer Activities Participated in Bharat Tex Exhibition In-store branding for visibility Promoted Essential category products via in retail store influencers
Slide 35: Sustainability Is in Our DNA
SUSTAINABILITY IS IN OUR DNA
Slide 36: Sustainability Initiatives
SUSTAINABLITY INITIATIVES • Indo Count is determined to protect the planet and people by contributing to climate change reduction by adopting of more Dyes from Natural Waste Extract renewable energy resources. To foster our sustainable offerings, ICIL is • ICIL maintained performance on one of the w
Slide 37: Sustainability Initiatives
SUSTAINABLITY INITIATIVES Member at UNITED NATIONS GLOBAL COMPACT CEO study on Sustainability for 2022 Our Scientific approach to climate action - JOINING SBTI Indo Count is a member at United Nations Global Compact and the Company is committed to integrating UNGC’s Principles into the organizationa
Slide 38: Sustainable Raw Material Sourcing Initiatives
SUSTAINABLE RAW MATERIAL SOURCING INITIATIVES Gagan Avani Anant Total No. of Farmers Covered 50,000+ • Project Gagan aims to • Project Avani was • Project Anant is a employ long-lasting created to promote collaboration with CITI- alternatives to current sustainable social CDRA. Many of the agricultu
Slide 39: ESG Initiatives
ESG INITIATIVES Environmental The Way Ahead • Added renewable energy through solar project • Recycling and reuse of water through modernized ETP plant GHG Emissions • Expanded Biogas capacity to generate more renewable power Reduce Scope 1 & 2 GHG • Reduction in the use of plastic & Recycling of pla
Slide 40: CSR Initiatives
CSR INITIATIVES Healthcare Education Water & Sanitization Plantation Programme • 6,50,000+ patients treated with free • Supporting 130+ schools with E-learning • Provided clean water to 1,00,000+ • Started Miyawaki Plantation on 5 acres health check-ups in villages/slums for 65,000+ students, includ
Slide 41: Awards & Recognition
AWARDS & RECOGNITION
Slide 42: Awards & Recognition
AWARDS & RECOGNITION Indo Count has been recognized by CITI (The Confederation of Indian Textile Indo Count has also been recognized by TEXPROCIL (The and Industry) for its exceptional commitment to sustainability, with three Cotton Textile Export Promotion Council) for its exceptional National awar
Slide 43: Other Major Awards & Recognition
OTHER MAJOR AWARDS & RECOGNITION CII NATIONAL AWARD BW Sustainable World Awards 2023 – Conferred by FEMINA POWER BRANDS 2022-23: LAYERS ICIL received a national level award for Excellence in Business World Our Domestic brand Layers recognized as the Water Management, conferred by the Confederation o
Slide 44: Contact Us
CONTACT US Company : Investor Relations Advisors : Indo Count Industries Limited Strategic Growth Advisors Pvt. Ltd. CIN: L72200PN1988PLC068972 CIN: U74140MH2010PTC204285 Mr. K.R. Lalpuria, Executive Director & C.E.O Ms. Manasi Bodas kklalpuria@indocount.com manasi.bodas@sgapl.net | +91 9821043510 M
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