Renaissance Global Limited · NSE:RGL
Renaissance Global — Q4 FY20 Earnings Presentation
13 slides from Renaissance Global's earnings presentation, Jun 1, 2020
Slide 1: Q4 FY20 Financial Overview
RENAISSANCE GLOBAL LIMITED Q4 FY20 FINANCIAL OVERVIEW 1
Slide 2: Highlights for FY20
Highlights for FY20 Renaissance Global Limited focused hard to improve its working capital and coupled with good operating earnings it managed to reduce debt this quarter Strong Cash flow generation and disciplined working capital management • Positive operating cashflow generation of ₹ 2,030 millio
Slide 3: Highlights for FY20: Strengthening the Balance Sheet
Highlights for FY20 Strengthening the Balance Sheet Net Debt which was rising post the acquisition of Jay Gems has been brought under control due to a focused approach on working capital reduction • Net Debt to Equity ratio as of Mar 2020 was 0.52 v/s Mar 2019 Net Debt to Equity ratio of 0.76. • Ret
Slide 4: Impact of Covid-19
Impact of Covid-19 • Our operations were shut down since the lockdown was imposed in India from 25th March 2020. We have been able to resume production at our Bhavnagar facility since 25th April 2020. Our Mumbai factory is also partially operational from 13 May 2020. • Most of the global retailers w
Slide 5: Long Runway for growth over 5 years
Long Runway for growth over 5 years • Verigold China has signed a contract to launch Enchanted Disney Fine Jewelry with Lao Feng Xiang(LFX), the second largest retailer in China with 3700 stores • LFX is a leading retail jewellery brand in China, with 166 years of continuous operations and annual re
Slide 6: Q4 FY20: Key Highlights
Q4 FY20 : Key Highlights Q4 FY20 vs. Q4 FY19 In ₹ Mn Total Income EBITDA & EBITDA Margin PAT & PAT Margin 7,049 259 95 2.1% 4,532 5.7% -36% 98 51 85% 0.7% 1.4% Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 FY20 vs. FY19 Total Income EBITDA & EBITDA Margin PAT & PAT Margin 1,708 25,929 25,101 922 1
Slide 7: Slowdown in Gold Jewellery, move away from low margin business and Covid-19
Slowdown in Gold Jewellery, conscious decision to move away from low margin business and Covid-19 contributing to revenue de-growth In ₹ Mn Q4 FY20 Q4 FY19 YoY % FY20 FY19 YoY% Studded 3,029 5,270 -42% 18,544 19,108 -3% Gold 1,449 1,767 -18% 6,474 6,798 -5% Total Revenue 4,478 7,037 -36% 25,018 25,9
Slide 8: Q4 FY20: Segment Analysis
Q4 FY20 : Segment Analysis Q4 FY20 vs. Q4 FY19 Studded & Plain Gold Jewellery Geographical Mix Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 25% 5% 18% 32% 34% 47% 61% 68% 75% 35% Studded Jewellery Plain Gold Jewellery N. America Middle East Others FY20 vs. FY19 FY19 FY20 FY19 FY20 12% 27% 26% 8% 35% 57% 30% 58%
Slide 9: Improving Debt-Equity Ratio due to better inventory management
Improving Debt-Equity Ratio due to better inventory management Leverage (₹ Mn) Working Capital Analysis 154 157 137 6,647 129 6,992 118 5,109 5,578 141 135 144 119 4,615 115 5,033 3,641 69 59 57 53 59 1,882 2,629 2,857 -65 -54 -43 -21 -73 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Net Debt Eq
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Mn) Q4 FY20 Q4 FY19 YoY % FY20 FY19 YoY % Revenue From Operations 4,478.5 7,036.8 -36% 25,018.5 25,906.3 -3% Other Income 53.6 12.9 315% 83.1 22.7 266% Total Income 4,532.2 7,049.7 -36% 25,101.5 25,929.0 -3% COGS 3,553.1 5,998.8 -41% 20,204.8 21
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Mn) Mar-20 Mar-19 Particulars (In ₹ Mn) Mar-20 Mar-19 Shareholder's Funds 6,992.1 6,646.9 Non-Current Assets Equity Share Capital 186.8 186.8 Fixed Assets – Tangible & Intangible 773.6 539.50 Reserves & Surplus 6,805.3 6,460.1 CWIP & Intangibles under dev
Slide 12: 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 13: Thank You
RENAISSANCE GLOBAL LIMITED THANK YOU For any investor queries, reach out to DICKENSON SEAGULL IR Aakash Mehta Renaissance Global Limited Renaissance Global Limited Email: Aakash.Mehta@dickensonir.com Abhijit S. Karandikar G. M. Walavalkar Mob: 098706 79263 Compliance Officer Vikash Verma Manager – I