Kitex Garments Limited · NSE:KITEX
Kitex Garments — Q2 FY2020 Earnings Presentation
11 slides from Kitex Garments's earnings presentation, Nov 14, 2019
Slide 1: Stock exchange cover letter for investor presentation
Ref: KGL/SE/2019-20/NOV/04 November 14, 2019 The Secretary The Secretary BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept, 1st Floor, New Exchange Plaza, C-1 Block G Trading Ring, Rotunda Building, Bandra Kurla Complex, P.J. Towers, Dalal Street, Bandra East, Mumbai – 400
Slide 2: Earnings Presentation Quarter ended 30th September 2019
Kitex Garments Limited Earnings Presentation Quarter ended 30th September 2019
Slide 3: Disclaimer
Disclaimer This presentation and the discussion may contain certain words or phrases that are forward - looking statements, which are tentative, based on current expectations of the management of Kitex Garments Limited (“Kitex”, “the Company”) or any of its subsidiaries and associate companies. Actu
Slide 4: Highlights – Q2 FY20
Highlights – Q2 FY20 Total Income EBITDA Profit After Tax Rs. 209.2 Cr. Rs. 51.7 Cr. Rs. 38.3 Cr. Quarter on Quarter Year on Year H1 FY20 Vs. Sep Vs. June 2019 Q2 2019 Vs. Q2 2018 H1 FY19 Growth in Turnover 42.7% 15.5 % 13.6% Growth in EBITDA 65.8% 5.4% (3.7%) Growth in PAT 163.7% 46.6% 18.2% 4
Slide 5: Financial Overview – Q2 FY20 Vs. Q2 FY19
Financial Overview – Q2 FY20 Vs. Q2 FY19 Total Income (Rs. Crore) EBITDA & PAT (Rs. Crore) 209.2 60.0 27.1% 30.0% Topline growth 24.7% + 15.5% 50.0 25.0% 18.3% 40.0 20.0% 30.0 14.4% 15.0% 181.1 49.1 51.7 20.0 38.3 10.0% 26.1 10.0 5.0% - 0.0% Q2 Q2 FY19 Q2 FY20 FY19 FY20 EBITDA PAT EBITDA margin % PA
Slide 6: Total Income – Results Vs. Estimates
Total Income – Results Vs. Estimates Total Income (Rs. Crore) 209.2 205.0 198.0 181.1 180.0 181.6 147.0 147.0 132.3 134.3 Q1 Q2 Q3 Q4 Actual FY19 Guidance FY20 Actual FY20 Total Income for Q2 FY20 was 15.5% higher that Q2 FY19 and 16.2% higher than the Company’s guidance for Q2 FY20 6
Slide 7: Financial Overview – H1 FY20 Vs. H1 FY19
Financial Overview – H1 FY20 Vs. H1 FY19 Total Income (Rs. Crore) EBITDA & PAT (Rs. Crore) 355.8 100.0 27.5% 30.0% Topline growth 90.0 23.3% 80.0 25.0% + 13.6% 70.0 20.0% 60.0 14.9% 50.0 14.3% 15.0% 313.4 40.0 86.1 82.9 30.0 10.0% 52.9 20.0 44.7 5.0% 10.0 - 0.0% H1 FY19 H1 FY20 H1 FY19 H1 FY20 Total
Slide 8: Financial Overview – H1 FY20 Vs. H1 FY19
Financial Overview – H1 FY20 Vs. H1 FY19 Receivable days have improved to 97 days in Receivable & Inventory (Rs. Crore) H1 FY20 compared to the same period the previous year 103 days 97 days The Company held ~3 months sales equivalent of inventory as at end of H1 FY20 191.9 compared to ~67 days
Slide 9: Trailing 12 Months Results
Trailing 12 Months Results Total Income, EBITDA & PAT - Trailing 12 Months (Rs. Crore) Avg. Revenue Growth of ~20% per Quarter 250.0 30.0% 25.1% 209.2 Total Income 671.7 24.7% 25.0% 200.0 22.0% 21.3% 181.6 18.3% 20.0% 146.6 150.0 134.3 13.3% Margin : 23.5% 15.0% EBITDA 158.1 100.0 9.2% 9.9% 10.0% 50
Slide 10: About KITEX
About KITEX Kitex Garments Limited (“KGL”, “the Company”) was established in 1992 and supplies to leading global brands like Gerber, Carter’s, Wal-Mart, Amazon, Target, The Children’s Place among others. KGL is among the top three manufacturers of infant wear in the world and has expanded operations
Slide 11: Thank You
Thank You Contact details: Boby Michael Surya Narayan Chief Financial Officer Vice President – Corporate Strategy Email: CFO@kitexgarments.com Email: vpcs@kitexgarments.com Kitex Garments Limited www.kitexgarments.com