Timex Group India Limited · BSE:TIMEX
Timex Group India — Q2 FY2019 Earnings Presentation
28 slides from Timex Group India's earnings presentation, Nov 1, 2018
Slide 1: Timex Group India Limited Investor Presentation Q2 FY'19
TIMEXGROUP TIMEX GROUP INDIA LIMITED INVESTOR PRESENTATION Q2 FY’19
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward looking statemenis concerning Timex’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements.
Slide 3: For generations, we've devoted ourselves to crafting quality, value and style
For generations, we’ve devoted ourselves to crafting quality, value and style. Today, with more than 5,000 employees worldwide, we are true 21st century watchmakers with unmatched design, engineering, technology and manufacturing capabilities. We imagine our own style, build our own products, and ma
Slide 4: About Us
About Us ESTABLISHED 1854 Timex Group India Limited is a group company of Timex Group B.V. Netherlands. Having entered the country in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. > India With technological innovation and cutting-edge design,
Slide 5: Timex Group
TIMEXGROUP Founded in 1854 Brands in India Timex 5.000 employees In-house Helix worldwide design, Savatore Ferragamo manufacturing, assembly and Versus Designs and manufactures innovative distribution Neutica timepieces that are sold in over 100 countries around the world Additional Global Brands Gu
Slide 6: Over 20 Locations Globally
Subsidiary Locations India UK Canada Mexico Italy Poland China TIMEXGROUP Over 20 Locations Globally Corporate & Business Unit Locations / Offices USA Middlebury, Norwalk INTERNATIONAL Noida, Amsterdam, Paris, Lugano, Zug, Milan Manufacturing Locations & Offices Cebu Pforzheim Besancon Hong Kong She
Slide 7: Where We Come From
Where We Come From Clock Company, Timex has over 160 years of experience in watchmaking. Founded in 1854 as the Waterbury Wr 116 WABASH AVE.CHICAGO. 121 STOCKWELL ST, GLASGOW. With a rich and varied history, Timex has established a tradition of producing quality, innovative pieces. Timex played an i
Slide 8: Since 1854
Since 1854 Waterbury Clock Company opens in brass city, Connec USA The watch that made the dollar famous. Mickey mouse tells time. Within three years, mickey mouse was the official timekeeper of two million children. By the 1960s, every third watchsold in America was @ 1988 Timex : Timex comes to In
Slide 9: Our Values
Our Values ee AUTHENTICITY & SUBSTANCE PERSONALITY STYLISTIC POINT OF VIEW TRUE WATCHMAKER INNOVATIVE INCLUSIVE CONFIDENT UNDERSTATED 160 YEARS COUNTLESSFIRSTS UNPRETENTIOUS UNCONVENTIONAL, THOUGHTFUL TIMEXGROUP
Slide 10: A History Of Firsts
A History Of Firsts The 1970s saw our first digital watches, and we pioneered the first connected watch in the 90s. In 1992, we changed the way the world told time in the dark with our patented INDIGLO backlight. TIMEXGROUP
Slide 11: Timex Group India Limited
Timex Group India Limited BADDI . NOIDA NEW DELHI 30 YEARSININDIA 7" "" 2018 MUMBAI BANGALORE . Joint venture between Timex Group and Jayna Times Industries Ltd. Joint Venture with Titan Company. JV ended in 2000. Public Limited Company listed on Bombay Stock Exchange. Subsidiary of Timex Group Luxu
Slide 12: Board of Directors
Board of Directors David Thomas Payne Chairman Experience: 22 years Qualification: B. Sc. (Computer Science) - University of Alabama & a Juris doctorate from Washington & Lee University Tobias Reiss Schmidt Vice Chairman Experience: 20 years Qualification: MBA from INSEAD and is a graduate of the Un
Slide 13: Brand Portfolio in India
Brand Portfolio in India Luxury Premium Fashion MASS Fashion & Youth Salvatore Ferragamo VERSUS VERSACE NAUTICA Nautica Timex TIMEXGROUP Versace Writing Instruments Helix
Slide 14: Retail Network
Retail Network Timex India serves over 5000 points of sale in different retail environments. MBO Doors Large Format Stores Defence Canteens Timex World Showrooms Luxury Retail Doors TIMEXGROUP
Slide 15: Good Design Is The Starting Point Of Everything We Do
Good Design Is The Starting Point Of Everything We Do CREATIVE DIRECTOR - GIORGIO GALLI At the creative epicentre of the Timex family in Milan, the Giorgio Galli Design Lab’s team originates more than 400 watches each year for brands across the Timex Group including Timex, Expedition, Ironman, Nauti
Slide 16: Manufacturing
Manufacturing We know that how you make something is just as important as what you make. A state of the art watch assembly unit in Baddi, Himachal Pradesh, India. Land Area: 10,000 sq. meters; Built up area: 3,278 sq. meters Assembly of watches from piece parts to complete watch. Single shift operat
Slide 17: Service Network
Service Network An ever growing service network enables us to complete the consumer experience to the last mile. A combination of 178 locations serve the 29 states of India. (Supported by the customer care call centre service.) Authorized Service Workshops Lead Authorized Service Centres Authorized
Slide 18: Timex India Exports Countries and counting
Timex India Exports 15 Countries and counting * Via group company TIMEXGROUP
Slide 19: Financial Performance Q2 FY'19
Financial Performance Q2 FY’19 TIMEXGROUP
Slide 20: Performance Highlights Q2 FY'19
Performance Highlights Q2 FY’19 ¢ Revenue grown by 7% during the quarter and by 16% during H1 over last year. ¢ EBIDTA de-grown by 38% during the quarter but grown by 34% during H1 over last year. ¢ PBT de-grown by 41% during the quarter but grown by 53% during H1 over last year. TIMEXGROUP
Slide 21: Performance Highlights
Performance Highlights Financial Performance - Current Fiscal Growth: 7% Total Income 6300 6200 — 6100 6000 — 5900 5784 5800 5700 — 5600 5500 Q2'2017 6186 Rs. in lakh Q2'2018 700 661 D 7 o 412 Rs. in lakh Q2'2017 Q2'2018 wen EBIDTA —=®-EBIDTA % Growth: 16% Rs. in lakh Total Income 12131 10416 14.0%
Slide 22: Annual Financial Performance - Revenue
Performance Highlights Annual Financial Performance - Revenue Rs. in lakh 22000 20000 18000 16000 14000 12000 10000 12367 2013-14 Total Income 17338 14243 2014-15 2015-16 TIMEXGROUP 19995 2016-17 CAGR: 14% 21015 2017-18
Slide 23: Annual Financial Performance - EBIDTA
Performance Highlights Annual Financial Performance - EBIDTA 1129 105 a 0 2015-16 2016-17 2017-18 -292 Rs. in lakh ob 3 -1000 - -792 -2947 TIMEXGROUP
Slide 24: Annual Financial Performance - EBIDTA %
Performance Highlights Annual Financial Performance - EBIDTA % 10.0% 5.0% 0.0% 2013-14 2014-15 2016-17 2017-18 -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% TIMEXGROUP
Slide 25: Annual Financial Performance - PBT
Performance Highlights Annual Financial Performance - PBT PBT 752 0 : : -500 - -381 -927 Rs. in lakh a 3 o -1098 o a i=} i) t -3298 TIMEXGROUP
Slide 26: Shareholding Pattern
Shareholding Pattern Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% eos 0.04% 0.03% 0.03% 0.03% «0.03% «0.03% += 0.11% «0.19% += 0.19% += 0.19% ~=—=s 0.13% ~=— 0.13% +=» 0.04% Public & other 25.03% 25.04% 25.04% 25.04% 25.04% 25.04% 24.96% 24.88%
Slide 27: Market Capitalization
Market Capitalization 60000 50000 40000 30000 20000 10000 2013-14 2014-15 2015-16 50778 2016-17 52343 78 70 62 54 46 38 02-Jul-18 23-Jul-18 2017-18 Sep-18 ——-— Market Capitalisation (Rs. in lakh) Note: The market capitalization is based on BSE closing prices at the end of the period TIMEXGROUP 13-Au
Slide 28: Thank You
TIMEX THANK YOU