Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — FY2021 Earnings Presentation
25 slides from Relaxo Footwears's earnings presentation, May 24, 2021
Slide 1: Exchange filing cover letter
May 24, 2021 BSE Ltd. National Stock Exchange of India Ltd Corporate Relationship Department Listing Department, 1st Floor New Trading Exchange Plaza, Rotunda Building, P J Towers Bandra Kurla Complex, Dalal Street Fort, Mumbai– Bandra (East), Mumbai- 400001 400051 Scrip Code – 530517 Scrip Code – R
Slide 2: Investors Presentation March 2021
PRELAXO INVESTORS PRESENTATION MARCH 2021 COMMITTED TO PROVIDE BEST-IN-CLASS FOOTWEAR
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Relaxo Footwears Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Q4 FY21 and FY21 Performance
Q4 FY21 and FY21 Performance Q4FY21 Performance Revenue from Operations (in ₹ crs) EBITDA (in ₹ crs) and EBITDA % PAT (in ₹ crs) and PAT % 748 21.8% 13.7% 17.8% Q4 FY21 541 9.6% 163 102 Revenue up by 38% Y-o-Y to Rs. 748 crore as compared to Rs. 96 52 541 crore in the corresponding period of the p
Slide 5: Company Overview
Company Overview Classification: Internal
Slide 6: Highlights FY21
Highlights FY21 • Largest footwear manufacturer in India. • ‘Value for Money’ products. • Portfolio of mass appeal brands. 2,359 Cr. 495 Cr. 292 Cr. Revenue from EBITDA PAT operations 19.1 Cr. 9 10000+ Pair sold Brands SKUs 8 50,000+ 398 State of the art Retailers served Exclusive brand manufacturin
Slide 7: Moving Forward, Gaining Momentum.
Moving Forward, Gaining Momentum. Classification: Internal 6
Slide 8: Key investment highlights
Key investment highlights Favorable dynamics of Indian footwear industry Leading player in the ‘value’ segment with an array of strong brands Manufacturing excellence Pan-India distribution network Robust financial performance Zero Debt Classification: Internal 7
Slide 9: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Strong growth potential of the Indian footwear industry • India is the second largest footwear producer of the world after China, accounting for 9% of the world market with ~22bn pair. • Currently India exports only 10% of the footwear produced wit
Slide 10: Relaxo is a leading player in the 'Value' segment
Relaxo is a leading player in the ‘Value’ segment • Market leader in the ‘Value’ segment • Robust product portfolio • High Brand Equity Aligning our product portfolio with evolving consumer needs and trends Structured Market Research Product Innovation Portfolio Rationalization Brand Equity Regular
Slide 11: Our portfolio of brands, with strong identities
Our portfolio of brands, with strong identities Premium range of sports Formal shoes for & canvas shoes, sandals & men slippers Fashionable and light Trendy footwear for weight footwear women Most popular iconic Household name brand of Hawai slippers synonymous with quality, comfort & value Trendy a
Slide 12: Sustained manufacturing excellence
Sustained manufacturing excellence Strong in-house manufacturing capabilities • 8 manufacturing facilities with a capacity to produce ~7.5 Lac pair/day. • Continuous focus on optimising operations – Dedicated line for manufacturing fast moving SKUs – Lean manufacturing (waste minimisation without co
Slide 13: Strong distribution network; one of the largest in the Indian footwear industry
Strong distribution network; one of the largest in the Indian footwear industry Jammu & Kashmir Retailers/ MBOs 50,000+ Haryana ~650 Delhi Punjab Himachal Pradesh Uttarakhand Distributors Assam Countries exported to ~30 Uttar Pradesh 398 1 Rajasthan EBO Overseas office in Dubai Manipur Bihar Gujarat
Slide 14: With a growing online presence
With a growing online presence www.relaxofootwear.com Partnerships with major ecommerce companies Classification: Internal 13
Slide 15: Robust financial performance..
Robust financial performance.. ₹ in Crore Revenue from Operations EBITDA 2292 2410 2359 495 2,600 600 1949 2,500 2,400 409 2,300 1652 2,200 500 2,100 2,000 324 1,900 302 1,800 1,700 400 1,600 231 1,500 1,400 1,300 300 1,200 1,100 1,000 900 200 800 700 600 500 400 100 300 200 100 0 0 FY17 FY18 FY19 F
Slide 16: with operational efficiencies
with operational efficiencies EBITDA % PAT % 21.0% 12.4% 17.0% 9.4% 15.5% 8.3% 14.0% 14.1% 7.6% 7.3% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 RoCE % RoE % 31.0% 28.5% 27.2% 26.4% 24.8% 22.1% 23.6% 19.0% 20.5% 18.8% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Classification: Internal 1
Slide 17: Debt ratings and profile
Debt ratings and profile Net Debt/ Equity (X) Interest coverage ratio (X) 39.8 29.4 23.9 18.3 12.8 0.2 0.2 0.1 0.02 0 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Credit Ratings Agency Instruments Ratings Comments Indicates very strong degree of safety for short term debt instruments. ICRA Shor
Slide 18: Consistent dividend payout
Consistent dividend payout Dividend in ₹ crore Dividend as a % of Face value 250% 125% 150% 90% 100% 12.0 18.0 22.3 31.0 62.1 FY17 FY18 FY19 FY20 FY21 * Post Bonus Classification: Internal 17
Slide 19: EPS and Net Worth
EPS and Net Worth Net Worth in ₹ crore EPS in ₹ 13.40 9.99 11.74 9.12 7.07 606 761 1105 1272 1572 FY17 FY18 FY19 FY20 FY21 * Post Bonus Classification: Internal 18
Slide 20: Advancing towards Tomorrow, Today
Advancing towards Tomorrow, Today Streamline the Continued Increase exports by distribution network investment in our expanding our – especially in brands to sustain presence in underpenetrated demand pull international markets markets 1 2 3 4 5 6 Continued Innovation and Rationalizing manufacturing
Slide 21: Highly experienced Board of Directors
Highly experienced Board of Directors Ramesh Kumar Dua, Managing Director Mukand Lal Dua, Whole Time Director Over 45 years of experience in strategic, sales and marketing, production and new Over 48 years of experience in manufacturing excellence in footwear product development in footwear indu
Slide 22: And a strong management team
And a strong management team Mr. Gaurav Dua, Mr. Ritesh Dua, Mr. Nitin Dua, Mr. Ashish Srivastava , Executive VP - Executive VP - Finance Executive VP - Retail VP – Human Resources Marketing MBA having over 20 years MBA having over 21 years MBA having over 17 years MBA having over 23 years of experi
Slide 23: Shareholding pattern as of 31st March, 2021
Shareholding pattern as of 31st March, 2021 Shareholder Information as on 31st March 2021 BSE Ticker 530517 1,22,327 * Total Shareholders – 1,22,448 NSE Ticker RELAXO (18.2%) Promoter & Promoter Group Market Cap (INR Mn) 2,17,176 Mutual Funds % Free- float 29.1% 16* (7.0%) Foreign Portfolio Investor
Slide 24: Awards and Accolades
Awards and Accolades Classification: Internal 23
Slide 25: Thank You
Thank You Classification: Internal 24