Page Industries Limited · NSE:PAGEIND
Page Industries — Q2 FY24 Earnings Presentation
27 slides from Page Industries's earnings presentation, Nov 9, 2023
Slide 1: Cover letter to stock exchanges
` November 9, 2023 The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited 1st Floor, New Trading Ring Exchange Plaza Rotunda Building Bandra Kurla Complex Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 De
Slide 2: Page Industries reports resilient Q2 FY24 performance
Press Release For Immediate Dissemination Page Industries reports resilient Q2 FY24 performance Maintains strong margins with a focus on long‐term growth through strategic initiatives Bengaluru, 09 November 2023: Page Industries Limited, India’s leading apparel manufacturer, today announced its fina
Slide 3: About Page Industries and disclaimer
Jockey is the company’s flagship brand and a market leader in the premium innerwear and leisure wear category. The brand is distributed in 2,790+ cities & towns and available in 118,000+ Multi Brand Outlets, 1,370+ Exclusive Brand Outlets (EBO) with extensive presence in 2,400+ Large Format Stores,
Slide 4: Performance Highlights Q2FY24
PERFORMANCE HIGHLIGHTS Q2FY24 NOVEMBER 9, 2023
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by the Company base
Slide 6: Contents
• QUARTERLY UPDATE - MANAGEMENT COMMENTARY - KEY QUALITATIVE HIGHLIGHTS - MARKET COVERAGE - NEW LAUNCHES - DIGITAL/SOCIAL MEDIA REACH - FINANCIAL HIGHLIGHTS CONTENTS • COMPANY OVERVIEW - ABOUT PAGE INDUSTRIES - MANUFACTURING CAPABILITIES - PRODUCT PORTFOLIO - EXCLUSIVE BRAND STORE - NEW IDENTITY - M
Slide 7: Management Commentary
MANAGEMENT COMMENTARY In the face of ongoing market challenges, we approach our performance with resilience and optimism. We believe these are temporary hurdles. While the consumer demand remains subdued, we continue to optimise operating expenses to ensure comfortable margins. To address these chal
Slide 8: Key Qualitative Highlights for Q2 FY24
KEY QUALITATIVE HIGHLIGHTS FOR Q2 FY24 Market Commentary - Consumer demand in the apparel industry continues to remain subdued, leading to an overstock situation, thereby impacting industry health. This continues to result in unsustainable operational trends. - We expect the festive season to potent
Slide 9: Unmatched Market Coverage
UNMATCHED MARKET COVERAGE Multi-Brand Exclusive Brand Store Key Department Store ECommerce Trade Channel 4,176 + 1,372 + 22 Jockey.in Distributor Accounts Exclusive Brand Stores Partner Chains speedo.in 2,791 + 52 2,402 + Cities / Towns Exclusive Woman Stores Stores 1,18,128 + 78 3,382 + Retail Netw
Slide 10: Jockey - New Launches
JOCKEY - NEW LAUNCHES Style No. UM54 Style No. RX76 Hoodie Pyjama Style No. AM49 Track pant Style No. RX72 Shorts 7
Slide 11: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH Followers 18,99,550 3,03,014 22,711 26,100 8
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS QoQ YoY Particulars (INR mn) Q2FY24 % Q1FY24 % Q2FY23 % growth growth Revenue 11,251 12,324 12,282 -8.7% -8.4% EBITDA 2,335 20.8% 2,420 19.6% 2,379 19.4% -3.5% -1.8% PBT 1,994 17.7% 2,101 17.0% 2,125 17.3% -5.1% -6.2% PAT 1,503 13.4% 1,585 12.9% 1,621 13.2% -5.2% -7.3% YoY Finan
Slide 13: Company Overview
COMPANY OVERVIEW 10
Slide 14: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 15: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 280 mn pieces 1,18,128+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 1,372+ Exclusive Brand Stor
Slide 16: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 facilities in Ka
Slide 17: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN INNERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS TANK TOPS LOUNG
Slide 18: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F S SWIMDRESS S SLIDE K KNEESUIT T THONG L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT 15
Slide 19: Exclusive Brand Store
EXCLUSIVE BRAND STORE 16
Slide 20: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 21: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS In-house product Wide Range of development Robust Financials Premium Quality expertise and back with ROCE of 50% Products end capabilities Strong Distribution network across License with Jockey Reputed Brand Equity, Strong Balance Sheet MBO, EBO, LFS and International till
Slide 22: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue EBITDA PAT ` Million ` Million (EBITDA Margin %) ` Million (PAT Margin %) 47,886 8,627 5,712 7,855 (18.0%) 5,365 (11.9%) 38,865 (20.2%) (13.8%) 6,169 29,454 (21.6%) 3,939 28,522 28,330 5,326 5,266 (13.8%) 3,432 3,406 (18.1%) (18.6%) (11.7%) (12.0%
Slide 23: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW*/ROCE EPS and DPS 512 Working Capital Days 481 353 344 72% 308 122 68% 305 300 96 92 260 89 58% 250 55% 50% 71 66 60 59 59 161 57 54% 49% 46% 34 43% 32 22 40% 18 16 16 16 9 11 12 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Receivables Inventory Payables Net W
Slide 24: Sustainability
SUSTAINABILITY The nine focus areas are translated into nine missions targeted to drive value by embedding futuristic commitments across the missions. SUSTAINABILITY VISION To be a leading apparel company through balanced growth with a focus Economic on quality, innovation and sustainable design, th
Slide 25: Our Sustainability Targets
OUR SUSTANBILITY TARGETS Economic Governance, Risk, Energy and Performance and Compliance GHG Emissions To be a 1 billion USD (revenue) company by FY Computation of compliance score on the Reduce emissions intensity by 15% by FY 2025 and 2026 through increased market presence, diversified establishe
Slide 26: Shareholding Pattern
SHAREHOLDING PATTERN As on September 2023 Insurance Companies and Other DIIs, 4.3% Others (incl SWF) 11.3% Mutual Funds, 17.4% Promoters, 45.1% FPI, 21.9% Market Cap: ~ INR 416 bn (as on 07th November 2023) 23
Slide 27: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: investors@jockeyindia.com Website: www.jockey.in 24