S.p. Apparels Ltd. · NSE:SPAL
S.p. Apparels — Q4 FY2023 Earnings Presentation
27 slides from S.p. Apparels's earnings presentation, May 17, 2023
Slide 1: S.P. Apparels Ltd. Financial Presentation cover letter
Sy S.PAPPARELS LTD. Regd Office 39-A, Extension Street, Kaikattipudur, AVINASHI 54 654, Tamil Nadu, India. Phone +91-4296-714000 E mail spindia@s-p-apparels.com Web www.s-p-apparels.com CIN No L18101TZ2005PLC012295 - AKA UKAS 17" May. 2023 The Listing Department The Listing Department BSE Limited Na
Slide 2: Dressing the Future....
Dressing the Future....
Slide 3: Table of Content
TABLE OF CONTENT Sr No. Content 1 Q4FY23 & FY23 – Results Highlights 2 Company Overview 3 Financial Highlights 2
Slide 4: Q4 & FY23: Consolidated Performance Highlights
Q4 & FY23: Consolidated Performance Highlights Adj. Total Revenue (Q4FY23) Adj. EBITDA (Q4FY23) PAT (Q4FY23) Consolidated YoY Growth % Consolidated Margins % Consolidated Margins % Q4FY23 ₹2,728.9 Mn 6% ₹404.8 Mn 14.8% ₹205.1 Mn 7.5% Adj. Total Revenue (FY23) Adj. EBITDA (FY23) PAT (FY23) Consolidat
Slide 5: Segmental Highlights (Consolidated)
Segmental Highlights (Consolidated) Garment Exports SPUK Retail Oeprational Revenue (Rs. Mn) Operational Revenue (Rs. Mn) Reported Revenue (Rs. Mn) 805.6 762.4 9,600.4 7,428.5 580.0 480.2 256.5 221.3 2,198.4 2,325.5 147.0 160.6 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23
Slide 6: P&L Statement Highlights (Consolidated)
P&L Statement Highlights (Consolidated) Particulars (In Rs Mn) Q4 FY23 Q4 FY22 YoY% FY23 FY22 YoY% Revenue from Operations 2,751.6 2,539.0 8% 10,778.8 8,594.3 25% Gain on account of Foreign Currency Fluctuations -22.7 42.1 205.2 77.6 Total Revenues 2,728.9 2,581.1 6% 10,984.0 8,671.9 27% COGS 1,240.
Slide 7: Balance Sheet Highlights (Consolidated)
Balance Sheet Highlights (Consolidated) ASSETS (Rs. Mn) Mar’23 Mar’22 EQUITY AND LIABILITIES (Rs. Mn) Mar’23 Mar’22 Non-Current Assets Equity a. Equity Share capital 250.9 256.9 a. Property, Plant and Equipment 4,223.7 4,105.1 b. Other Equity 6,485.2 6,120.8 b. Right of Use Assets 304.4 331.9 Total
Slide 8: Company Overview
Company Overview SPAL founded in 1989, is India's biggest manufacturer and exporter of knitted clothes for infants and children. These are produced in integrated facilities that enable end-to-end garment manufacturing services. SPAL offers complete garment production services, from fibre to fashion.
Slide 9: S. P. Apparel (SPAL) – At Glance / Key Strengths
S. P. Apparel (SPAL) – At Glance • SPAL is one of the leading manufacturers and exporters of knitted garments for infants and children in India • Provides end-to-end garment manufacturing from Yarn to finished products including body suits, sleepsuits, tops, and bottoms • Strong promoter pedigree wi
Slide 10: Journey So Far
Journey So Far 1989 2016 Started export operations as a partnership firm 2006 ▪ Investment by NYLIM ▪ Listed on BSE / NSE 1998 ▪ Investment in JV for manufacturing & marketing of Set-up manufacturing facility at Neelambur the “Crocodile” Brand ▪ Repayment of Loans to reduce leverage 2003 2007-08 Set
Slide 11: Strong Leadership to Support Effective Governance
Strong Leadership to Support Effective Governance Mr P. Sundararajan Ms S. Latha Mr S. Chenduran Chairman and Managing Director Executive Director Joint Managing Director • Founder director of SPAL with 36 years of experience in the • Founder director of SPAL with 29 years of experience in the • Six
Slide 12: In-House Fully Integrated Facilities
In-House Fully Integrated Facilities SPINNING KNITTING DYEING CUTTING PRINTING AUTOMATED AUTOMATED SEWING SEMI-AUTOMATED EMBROIDERY SEWING ASSEMBLY LINE INVENTORY MANAGEMENT 11
Slide 13: Developed Capabilities
Developed Capabilities To Become a Leading Infant & Children's Wear Exporter from India Demonstrated manufacturing excellence for over 3 Meeting stringent compliance requirements of 01 04 decades international customers Clear understanding of buyer preferences and Long-standing relationships with re
Slide 14: Exports Trend
Exports Trend Capacity Utilization Export Volumes & Realization Export Volumes (mn pcs) & 70% Net Sales Realisation in INR 140.2 58% 115.3 103.3 107.3 95.7 98.6 59.9 59.0 57.6 49.2 50.2 42.1 FY18 FY19 FY20 FY21 FY22 FY23 FY22 FY23 13
Slide 15: Quality is a key essence of our success
Quality is a key essence of our success SPAL places a strong emphasis on upholding highest standards of quality, assurance, and compliance throughout the apparel manufacturing processes Stringent quality control checks at every stage, from fabric to garment, ensure top-notch product quality, free fr
Slide 16: Proficient In-House Design Team
Proficient In-House Design Team SPAL’s core competency lies in understanding the latest fashion and trends to suit the customer’s buying preferences Dedicated in-house design and merchandising team of designers located at SPUK and at our Corporate Office in India Use of latest technology for develop
Slide 17: Key Industry Entry Barriers
Key Industry Entry Barriers • Labour intensive operations Skilled Labour • Employee training & skill development • Employee occupational health & welfare • Cater to infants and children Products • Manufacture high-fashion garments • Stringent safety and quality requirements in developed markets Heal
Slide 18: Preferred Vendor To Reputed International Brands
Preferred Vendor To Reputed International Brands Strong Pedigree Leading children wear manufacturer under the leadership of Mr. Sundararajan, CMD with more than 40 years of experience in apparel industry SPAL IS THE PREFERRED VENDOR FOR KNITTED GARMENTS FOR INFANTS AND CHILDREN TO REPUTED INTERNATIO
Slide 19: ESG
ESG Mission Statement: "To achieve carbon neutrality by the year 2030" Vision Statement: “To be a sustainable practise leader by promoting the use of renewable energy and prioritising the usage of recycled materials in order to protect our world for future generations” At SPAL we are committed to bu
Slide 20: Sustainability at SPAL
Sustainability at SPAL Our approach to sustainability is guided to create long-term value in a balanced and responsible manner while making choices that positively impact environment, people, and communities. OUR PILLARS Sustainable business Responsible production Creating social impact Commitment t
Slide 21: From Awareness to Action: Making a Difference for the Environment
From Awareness to Action: Making a Difference for the Environment Our company is committed to conducting business activities in an environmentally responsible manner. We focus on reducing our environmental footprint across the value chain and returning back to nature what we consume. Environmental S
Slide 22: Building Stronger Communities through Social Responsibility
Building Stronger Communities through Social Responsibility Our company is committed to conducting business activities in an environmentally responsible manner. We focus on reducing our environmental footprint across the value chain and returning back to nature what we consume. Building a Stronger C
Slide 23: Financial Highlights
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Slide 24: Financial Highlights (1/2)
Financial Highlights (1/2) Consolidated Figures (in Rs. Mn) REVENUES Adj. EBITDA & EBITDA MARGIN Profit After Tax (PAT) & PAT MARGIN 9.1% 9.8% 10,984.0 6.6% 7.5% 17.6% 5.6% 16.4% 15.7% 8671.9 15.3% 8263.8 8089.7 6523 10.8% 846.9 825.1 1,728.9 733.7 1,528.2 1,238.3 1,072.0 469.2 431.7 895.3 FY19 FY20
Slide 25: Financial Highlights (2/2)
Financial Highlights (2/2) Figures (in Rs. Mn) GARMENT DIVISION 21.0% 20.2% 20.9% 18.7% 12000 17.6% 12.0% 10000 7,429.3 9,600.4 6,805.0 7,026.4 8000 6000 5,733.7 5,368.7 4000 1,553.2 1,791.0 2000 1,202.4 1,194.4 842.6 1,083.3 0 FY18 FY19 FY20 FY21 FY22 FY23 Garment Revenue Garment EBITDA th RETAIL D
Slide 26: Shareholding Structure
Shareholding Structure SHAREHOLDING PATTERN – 31st March 2023 Non-Institutions 19.3% KEY SHAREHOLDERS – 31st March 2023 Promoters 61.9% DSP Small Cap Fund 8.37% ICICI Prudential Mutual Fund 3.86% UTI Mutual Fund 3.71% Institutions 18.8% Franklin India Smaller Companies Fund 1.09% Promoters Instituti
Slide 27: Let's Connect!
LET'S CONNECT! SP Apparels EY LLP Mr. V. Balaji, Chief Financial Officer Mr. Vikash Verma / Mr. Abhishek Bhatt / Mr. Sumedh Desai BalajiV@spapparels.com Vikash.verma1@in.ey.com / Abhishek.bhatt3@in.ey.com / Sumedh.desai@in.ey.com 26 Visit us at: www.s-p-apparels.com