Timex Group India Limited · BSE:TIMEX
Timex Group India — Q2 FY2025 Earnings Presentation
47 slides from Timex Group India's earnings presentation, Oct 24, 2024
Slide 1: TIMEX Waste More Time
TIMEX Waste More Time
Slide 2: Timex Group India Limited Investor Presentation
Timex Group India Limited Investor Presentation October 24, 2024 2
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future Past performance may not be indicative of future performance. We do not undertake to publicly business prospects and business profitability, which are subject to a number of risks and update our for
Slide 4: Business Update
Business Update Timex Group India Ltd reports the best-ever quarter in its history • Brand Ambassador for Timex, Ananya Panday, continued to star in the Waste More Time campaign gathering significant media attention. • Revenue growth momentum continued with 37% growth over the same quarter last year
Slide 5: Q2'FY25 Highlights
Q2’FY25 Highlights TIMEXGROUP
Slide 6: Waste More Time – with Brand Ambassador Ananya Panday
Waste More Time – with Brand Ambassador Ananya Panday Waste More Time campaign continues through the quarter with a brand new creative and story 6
Slide 7: Timex x Jacquie Aiche Collab
Timex x Jacquie Aiche Collab Love & Time Know no limits LA-based jewelry designer Jacquie Aiche has always had a free-spirited nature about her. Every creation is inspired by the endless beauty found in Mother Nature and is designed to be a talisman of energy, empowering both men and women. 7
Slide 8: Timex x PanAm Collab
Timex x PanAm Collab A classic watch that embodies the spirit of American ingenuity The Timex x Pan Am® collection is a nostalgic collaboration that harkens back to one of aviation's most evocative periods. 8
Slide 9: Philipp Plein Event
Philipp Plein Event Philipp Plein brand activation with actor Babil Khan at Just Watches store (Mall of Asia Bangalore) Collection showcase in the presence of key media & Lifestyle influencers; 60 guests including influencers, content creators, and representatives from key media including Deccan Her
Slide 10: Guess 40th Anniversary
Guess 40th Anniversary Guess celebrates 4 decades of being the original fashion watch brand 10
Slide 11: Versace New Launches
Versace New Launches Versace dominated with luxurious new collections that captivated the imagination of consumers and partners alike 11
Slide 12: Launch Timex Smart NexGen
Launch Timex Smart NexGen 3.63cMmM AMOLED DICDI AVY 466466 PIXEL RESOLUTION A 7 DAYS NORMAL USAGE 3 DAYS WITH "BT" CALLING ENGINEERED WITH PRECISION DETAILS TIMEX NexGen
Slide 13: Financial Performance Q2'FY25
Financial Performance Q2’FY25 13
Slide 14: TGIL Financial Performance Q2 & Half Year FY2024-25
TGIL Financial Performance Q2 & Half Year FY2024-25 Improvement in financial performance over last year • Total Income at Rs. 17,417 lacs (grown by 37%) during the quarter as compared to Rs. 12,693 lacs last year. During the half-year revenue has grown by 21% over last year. • EBITDA at Rs. 2,522 la
Slide 15: TGIL Financial Performance – Quarter ended 30th Sep 2024
TGIL Financial Performance – Quarter ended 30th Sep 2024 Total Income - Quarter EBITDA 20000 3000 15.0% 17417 EBITDA EBITDA % 14.5% 2500 14.5% 15000 12693 2000 14.0% Rs. in lakhs Rs. in lakhs 10000 1500 13.5% 13.1% 1000 13.0% 5000 500 12.5% 1667 2522 0 0 12.0% Q2 Q2 Q2 Q2 23-24 24-25 23-24 24-25 15
Slide 16: TGIL Financial Performance – Half Year ended 30th Sep 2024
TGIL Financial Performance – Half Year ended 30th Sep 2024 Total Income – Half Year EBITDA 4000 11.0% EBITDA 30000 28336 3500 EBITDA % 10.8% 25000 23359 3000 2500 10.6% 20000 10.6% 2000 10.4% 15000 1500 10.4% 2998 10000 2436 1000 10.2% 5000 500 0 0 10.0% H1 H1 H1 H1 FY23-24 FY24-25 FY23-24 FY24-25 1
Slide 17: TGIL Financial Performance – Total Income Trend
TGIL Financial Performance – Total Income Trend Total Income 45000 42168 40000 38378 35000 30000 26554 25229 Rs. in lakhs 25000 20000 14211 15000 10000 5000 0 2019-20 2020-21 2021-22 2022-23 2023-24 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due
Slide 18: TGIL Financial Performance – EBITDA Trend
TGIL Financial Performance – EBITDA Trend EBITDA 4500 4000 3859 3517 3500 3000 2500 Rs. in lakhs 2000 1500 1000 869 500 397 0 2019-20 2020-21 2021-22 2022-23 2023-24 -500 -238 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are no
Slide 19: TGIL Financial Performance – EBITDA % Trend
TGIL Financial Performance – EBITDA % Trend EBITDA % 12.0% 10.1% 10.0% 8.3% 8.0% 6.0% 3.3% 4.0% 1.6% 2.0% 0.0% 2019-20 2020-21 2021-22 2022-23 2023-24 -2.0% -1.7% -4.0% -6.0% Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are not
Slide 20: Financial Performance – Profit Before Tax Trend
Financial Performance – Profit Before Tax Trend PBT 3500 2967 3000 2776 2500 2000 Rs. in lakhs 1500 1000 500 322 0 2019-20 2020-21 2021-22 2022-23 2023-24 -500 -180 -1000 -811 Company’s operations and financial results for FY21 and FY22 were adversely impacted by Covid-19 due to which results are no
Slide 21: Shareholding Pattern
Shareholding Pattern Shareholding Pattern 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 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% Institutional Investors 0.0
Slide 22: Market Capitalization
Market Capitalization Market Capitalization Timex Share Price vs. BSE Small Cap 6-year CAGR: 18% 58000 175 170 1,60,000 1,54,100 56500 165 1,40,000 1,39,210 1,20,000 1,10,439 160 55000 1,00,000 155 80,000 150 53500 60,000 52,343 47,850 35,585 145 40,000 25,187 20,000 140 52000 Sep-18 Sep-19 Sep-20 S
Slide 23: About Timex Group
TIMEXGROUF About Timex Group 23
Slide 24: Most Consumer-focused Watch & Jewelry Maker in the World
4 An Introduction to the Most Consumer-focused Watch & Jewelry Maker in the World ESTABLISHED 1854 24
Slide 25: Timex Group brand logos
TIMEX VERSACE GUESS FERRAGAMO MISSONI PHILIPP PLEIN whe TED BAKER c& NAUTICA PLEINSPORT FURLA TIMEXGROUP 25
Slide 26: America's oldest watchmaker
6 We are America’s oldest watchmaker. In 1854, as the Waterbury Clock Company, we combined traditional European watchmaking with American industrial ingenuity to disrupt a 300 year-old industry and make quality attainable for millions. For generations, we’ve brought consumer focus, innovative crafts
Slide 27: Our Experience and Market Behavior Differentiate Us
7 Our Experience and Market Behavior Differentiate us From our Competitors in Partnering with Top Global Brands Selective Brand Portfolio Private ownership with long-term view serving high-quality and selective brand portfolio Dedicated Teams Dedicated brand marketing and product teams create unique
Slide 28: Our Unique Capabilities Set us Apart
8 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 28
Slide 29: Courage is the Catalyst – Giorgio Galli
9 Courage is the Catalyst that Transforms an Ordinary Creation into an Extraordinary Masterpiece. –Giorgio Galli, Chief Creative Director For over 20 years, Giorgio Galli has been one of the most dynamic watch designers in the industry, his name synonymous with innovation, originality and imaginatio
Slide 30: Design Fuses Consumer Expectations with the Brand DNA
0 Design Fuses Consumer Expectations with the Brand DNA Immersed in brand DNA and connected to consumer expectations, the design team focuses on individuality and relevance to bring brands to life. Every piece tells a story, written to excite consumers and take them on a journey. The perfect accesso
Slide 31: Our Unique Capabilities Set us Apart
1 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 31
Slide 32: We Engage Consumers Worldwide with Compelling Marketing Stories
We Engage Consumers Worldwide with Compelling Marketing Stories We believe every accessory is a tangible icon of a brand’s story. We fully integrate marketing across the globe and across channels to bring brands to life. Accessories give consumers the opportunity to make the brand part of their stor
Slide 33: The Art and Science of Marketing
3 The Art and Science of Marketing Fuses Consumer Experience, Storytelling and Performance Marketing POS Execution Newsroom & Social Media Digital & Performance Marketing Drive global brand consistency and visibility with Enrich content and product stories for superior Amplify storytelling through d
Slide 34: Our Unique Capabilities Set us Apart
4 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 34
Slide 35: Comprehensive Network of Brand Distribution
Our Comprehensive Network of Brand Distribution Provides Global Reach and Localization 5 Regional Hubs 9 Global Affiliates 120+ Global Distributors 22,000+ Points of Sale 35
Slide 36: Unparalleled Partnerships and Access to the Right Distribution
We have Unparalleled Partnerships and Access to the Right Distribution in Each Market • Our own affiliates provide portfolio leverage and control in critical markets • We utilizes more than one distributor in many markets to ensure account access is matched to brand positioning • Our Distributors ha
Slide 37: Our Unique Capabilities Set us Apart
7 Our Unique Capabilities Set us Apart in Crafting Beautiful Accessories and Bringing Them to the World Best-in-Class Design Brand Management & Storytelling Powerful Distribution Network Superior Quality & Agile Supply Chain 37
Slide 38: 170 Years of Experience and a Modern Global Supply Chain
8 Middlebury, USA Timex Group HQ Besancon, France Movement Production India Manufacturing Cebu, Philippines We Have 170 Years of Experience Manufacturing and a Modern Global Supply Chain Pforzheim, Germany Each product starts with an idea and raw materials. Research and Development From movement R&D
Slide 39: Agile Supply Chain around Unique Brands and Changing Consumers
9 We’ve Built our Agile Supply Chain around Unique Brands and Changing Consumers Rapid Design and Planning Increases Speed to We’ve Optimized Manufacturing Lead Times, Reimagined Inventory and Lines Provide Market without Sacrifice and Minimum Quantiles ‘Never Out of Stock’ Fast Replenishment Our ro
Slide 40: Timex Group Atelier Swiss Production Excellence
0 Timex Group Atelier is at the Center of Swiss Production Excellence In the heart watchmaking, Ticino, Switzerland, Timex Group Atelier creates our most precious timepieces. Forty watchmakers and support staff combine traditional Swiss craftsmanship with modern innovation to bring the unquestioned
Slide 41: About Timex Group India Limited
About Timex Group India Limited 41
Slide 42: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.) Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting- edge des
Slide 43: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Meeta Makhan | Independent Director Experience: 24+ years Experience: 25+ years Qualification: B. Sc. (Computer Science) - University Qualification: BA in Economics from Delhi University, MBA from of Alabama & a Juris doctorate from Washington &
Slide 44: Brand Portfolio
Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments 44
Slide 45: Powerful Distribution Network
Powerful Distribution Network A strong network of sales touchpoints that enable TGIL to reach consumers across the country Multi Brand Large Format Defence Canteen Retail Luxury Retail 5211 362 440 46 137 45
Slide 46: Baddi Plant: Superior Watchmaking & Supply Chain
Baddi Plant: Superior Watchmaking & Supply Chain A state of the art, SA8000: 2014 and ISO 45001:2018 certified, watch assembly unit in Baddi, Himachal Pradesh, India Assembly of watches from piece parts to complete watch. Currently handling over 150 types of movements and a wide array of cases / dia
Slide 47: TGIL After Sales Service
TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service 5 12 152 47