Indo Count Industries Limited · NSE:ICIL
Indo Count Industries — H1 FY25 Earnings Presentation
42 slides from Indo Count Industries's earnings presentation, Nov 7, 2024
Slide 1: Exchange filing cover letter
Ref No.: ICIL/85/2024-25 7th November, 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 :
Slide 2: Q2 & H1 FY25 Investor Presentation
INDO COUNT INDUSTRIES LIMITED Q2 & H1 FY25 INVESTOR PRESENTATION
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, "We are pleased to report that our H1 FY25 results have been encouraging, showcasing strong momentum across our business. While supply chain challenges persist, we remain confident in our growth trajectory. Th
Slide 5: Q2 & H1 FY25 at a Glance
Q2 & H1 FY25 AT A GLANCE STRATEGIC BRAND ACQUISITION Q2 & H1FY25 VOLUME AND TOTAL INCOME* 28.7 27.8 1,033.0 1,045.0 53.1 1,995.0 48.7 1,780.0 153 Mn Mtrs Largest Global Bed Linen PLAYER ✓ Acquired Wamsutta, a leading U.S. national brand with over 175 years of legacy ✓ Strengthened Indo Count’s brand
Slide 6: Achievements
ACHIEVEMENTS VASTRA RATNA (GLOBAL ACHIEVER) AWARD HOME EXCELLENCE AWARD - USA BY TEXPROCIL BY HFPA, New York Indo Count has also been recognized by TEXPROCIL (The Cotton Textile Export Promotion Council) for its exceptional performance in cotton exports : Gold Trophy for the Highest Export Performan
Slide 7: Beginning of Indo Count 2.0 – An Era of Transformation
Beginning of Indo Count 2.0 – AN ERA OF TRANSFORMATION
Slide 8: Beginning of Indo Count 2.0 – An Era of Transformation
BEGINNING OF INDO COUNT 2.0 – AN ERA OF TRANSFORMATION Increase utilisation of Acquired Asset Developing Branded Business Additional Revenues of US$85 Mn to Leveraging Wamsutta brand, alongside achieve in the next 2-3 years Fieldcrest and Waverly, to achieve US$100 Mn Revenue in next 3 years Expandi
Slide 9: Expanding Utility Bedding Business Verticals
EXPANDING UTILITY BEDDING BUSINESS VERTICALS USA BED LINEN CATEGORIES MARKET SIZE Fluvitex USA, Inc Bed Sheets Fashion Bedding Institutional Bedding Utility Bedding Ohio, USA Source: HTT Research 4 Bn $ 5.5 Bn $ 1.5 Bn $ 4 Bn $ Modern Home Textiles, Inc Arizona, USA Fluvitex USA, Inc Fluvitex USA, I
Slide 10: Developing Branded Business
DEVELOPING BRANDED BUSINESS Own Acquired Brand License Brand Tie - Ups ✓ A well-established US national brand ✓ Fieldcrest (est. 1893) combines ✓ Established in 1923, Waverly leads ✓ First national wellness and yoga ✓ A renowned British design icon elegance and durability for luxury in American home
Slide 11: Focusing on Value Added Segments – Large Target Market Size
FOCUSING ON VALUE ADDED SEGMENTS – LARGE TARGET MARKET SIZE DOMINATED BY CHINA Previous Positioning Future Approach ICIL is set on a growth trajectory with 7 distinct verticals, and focusing on Brand Play 7 Distinct Verticles Brand Base Business where India Diversification in Bedsheet Premium as a c
Slide 12: Capex Outlay for FY25
CAPEX OUTLAY FOR FY25 NO. Particulars (Amt in Crs) Budget Revised Actual 1 Solar Energy Project approximately 8 MW 50 - Shifted to FY 26 2 Zero liquid discharge (ZLD) facility at Effluent water treatment plant at Bhilad Unit 50 - 3 Maintenance and other Capex 65 65 37 4 Acquisition of Wamsutta Brand
Slide 13: Q2 & H1 FY25 Consolidated Profit & Loss Statement
Q2 & H1 FY25 CONSOLIDATED PROFIT & LOSS STATEMENT Particulars Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% FY24 (Rs. Crs.) Total Income# 1,045 1,033 1% 1,995 1,780 12% 3,601 EBITDA 166 189 (12%) 320 319 - 603 EBITDA Margin (%) *15.9% 18.3% (237 Bps) *16.0% 17.9% (189 Bps) 16.7% Depreciation 25 20 50 39
Slide 14: Consolidated Balance Sheet Statement
CONSOLIDATED BALANCE SHEET STATEMENT ASSETS (Rs. Crs.) Sept-24 Mar-24 EQUITY AND LIABILITIES (Rs. Crs.) Sept-24 Mar-24 Non-Current Assets Equity Property, Plant & equipment 1,317 1,276 Equity Share Capital 40 40 Right of Use 64 56 Other Equity 2,159 2,049 Capital Work in progress 22 25 Non-Controlli
Slide 15: Cash Flow Statement
CASH FLOW STATEMENT Particulars (Rs. Crs.) Sep-24 Sep-23 Profit before Tax & Exceptional 218 248 Adjustment for Depreciation & other items 75 50 Operating profit before working capital changes 294 298 Changes in working capital -303 -169 Cash generated from operations -9 129 Direct taxes paid (net o
Slide 16: Industry Overview
INDUSTRY OVERVIEW
Slide 17: 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% 13.9% 10.9% 12.2% 10.0% 8.6% 12.1% 12.6% 11.4% 11.4% 9.3% 10.9% 12.2% 13.5% 11.2% 13.0% 13.8% 15.8% 10.8% 9.0% 11.9% 14.5% 13.2% 12.9% 19.3% 14
Slide 18: Retail Sales in USA
RETAIL SALES IN USA USA Total Retail Sales Dynamics ❑ U.S. retail sales demonstrated solid growth in September, upbeat by an increase in employment and a decline in both inflation and interest rates. This positive trend has provided consumers with greater disposable income, reinforcing the perspecti
Slide 19: Retail Ecommerce Sales in US
RETAIL ECOMMERCE SALES IN US US Retail Ecommerce Sales: 2022 – 2026 (US $ Trillions) US E-commerce sales penetration Retail Ecommerce Sales Ecommerce's share of total retail sales by quarter (Q2 FY19 – Q2 FY24) % of Total Retail Sales % Change $1.7 22.6% 23.4% 22.0% 22.0% 21.2% 22.2% 21.7% 21.3% 21.
Slide 20: 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 21: Company Overview
COMPANY OVERVIEW
Slide 22: 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 23: 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 24: 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 25: 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 26: 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 27: Overview of B2C & D2C Initiatives
OVERVIEW OF B2C & D2C INITIATIVES
Slide 28: 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 29: Brand Promotion Activities During the Quarter
BRAND PROMOTION ACTIVITIES DURING THE QUARTER Promoting the brand through various channels Interaction with Retailers & Sales App Launch Influencer Activities Distributors Collaborated effectively with retailers and Launch of our new sales app, designed to Promoted Essential category products via di
Slide 30: Brand Promotion Activities During the Quarter
BRAND PROMOTION ACTIVITIES DURING THE QUARTER Visual Merchandising Digital Initiatives In-store branding for visibility Implemented digital initiatives to enhance in retail store customer engagement 29
Slide 31: 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 30
Slide 32: 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 31
Slide 33: 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 32
Slide 34: Sustainability Is in Our DNA
SUSTAINABILITY IS IN OUR DNA
Slide 35: 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 36: Sustainability Initiatives
SUSTAINABLITY INITIATIVES Member at UNITED NATIONS GLOBAL COMPACT CEO study on Sustainability 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 organizational culture
Slide 37: 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 38: 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 39: 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 40: Awards & Recognition
AWARDS & RECOGNITION
Slide 41: 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 42: 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
Indo Count Industries — H1 FY25 Earnings Presentation on 6ix