Welspun Living Limited · NSE:WELSPUNLIV
Welspun Living — Investor Presentation (November 2024)
28 slides from Welspun Living's investor presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
WLL/SEC/2024 November 12, 2024 BSE Limited National Stock Exchange of India Limited Department of Corporate Services, Listing Compliance Department SP. J. Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 (Scrip Code-514162) (Symbol: WELSPUNLIV
Slide 2: Welspun Living Limited Investor Deck
Welspun Living Limited Investor Deck Date: November, 2024
Slide 3: Our Journey
Our Journey 1994 2004 2017 2023 2024 The new logo with SPACES brand was Welspun launched Wel- Welspun India was Welspun Living is wings forming 'W' was launched, entering the Trak 2.0, a blockchain- rebranded to certified as a Great Place launched, symbolizing premium home textile based ESG transpar
Slide 4: WLL – $1.2 Bn Global home solutions leader
WLL – $1.2 Bn Global home solutions leader Global Presence 30+ years track record UK & EU Warehouses 16% Manufacturing Facility Corp HQ/Marketing Offices 60+ Countries ROW Country Served 8% 4 Manufacturing Locations 1 in 5 Towels; 1 in 9 Sheets in US* USA & Canada India 63% 13% Rank 1 HT supplier to
Slide 5: Integrated home solutions | House of Brands
Integrated home solutions | House of Brands Product Portfolio BED LINEN BATH LINEN RUGS Bedsheets To w e l s Door mats Dohars Bath mats Yo g a m a t s Mattresses Bath robes Bed side runner Pillow (New) Grass mats 108 mn mtr -> 144 mn mtr (FY27) 90,000 MT -> 100,000 MT (FY27) 12 mn sq mtr Pillow: 13.
Slide 6: Management Team
Management Team Rajesh Mandawewala Dipali Goenka Executive Vice Chairman, Member of Board MD & CEO, Member of Board Qualified Chartered Accountant; Played an instrumental Driving force behind Welspun’s global leadership in role in establishing Welspun’s Textile & Pipe business home textile with
Slide 7: Unwavering focus on value creation
Unwavering focus on value creation Revenue (Rs Cr) EBIDTA (%) ROCE (%) 15,000 15.4% 15%16% - 16% 19% - 20% 20% 9,825 10.6% 14.6% 8,215 5.7% FY23 FY24 FY27(P) FY23 FY24 FY27(P) FY23 FY24 FY27 Decade+ Long Consistent Performance. Productivity driving sustained margins Significant improvement seen beyo
Slide 8: Continuous payout through dividend / buyback
Continuous payout through dividend / buyback (Rs Cr) More than Rs 1,000 Cr distributed in the last 5 years 224 157 629 261 365 784 251 436 355 15 FY20 FY21* FY22 FY 23* FY 24* FCF Dividend / Buyback cash outflow *Includes Buyback, Buyback tax and Dividend 7
Slide 9: Two pronged growth focus (1/2)
Two pronged growth focus (1/2) Maintain market leadership in core | Scale up emerging businesses (Rs Cr) 1 2 3 4 5 • Strategic partnership with • Scaling up B2C presence • Indigenization • Licensed Brands to gain • Value added products big box retailers - MBOs: 50,000 by FY27 shelf space • Channel D
Slide 10: Two pronged growth focus (2/2)
Two pronged growth focus (2/2) Maintain market leadership in core | Scale up emerging businesses FY 27 (P) 45% FY 24 7% CAGR (FY24-27) 33% 11% 8% 5% 7% 35% 13% 55% 13% 20% 67% 40% 8% 13% 24% FY24: Rs 9,825 Cr FY27 (P): Rs 15,000 Cr 9
Slide 11: Margin accretive Growth Enablers
Margin accretive Growth Enablers ESG Innovation Technology 45 Industry highest patented Technologies Consumer Insights • POS & Trend Analytics 8 48 59 66 • Ecommerce Analytics (Sentiment, Global: Top 3%ile India: Rank 1 2021 2022 2023 2024 25% Business from innovative products Whitespace) • AI bas
Slide 12: Growing the Core
1 Growing the Core 11
Slide 13: Global Opportunity: India for the World
Global Opportunity: India for the World Global Home Textile Market India – Preferred Export Partner (USD Bn) China+1 Opportunity Manufacturing 180 200 Market Composition • $ 100 billion export for • Increase 3x to $1490 bn 5.2% 180 120 US 31% textile products by 2030 160 140 120 by 2031 61 100 39 34
Slide 14: Driving Leadership with Core Business
Driving Leadership with Core Business Highest exports across the globe Growth Drivers from India Recognized by Texprocil for 13 Category Pillows Jacquard Bath Kitchen (13.5 mn Towels Towels consecutive years Expansion Robes pcs/yr) Welspun driving India’s growth in US imports Increasing shelf space
Slide 15: Domestic Business
2 Domestic Business 14
Slide 16: The Indian Opportunity
The Indian Opportunity World’s 5th largest economy is backed by strong fundamentals and sectoral growth presents a huge domestic market opportunity GDP growth projected at 7% Affluent India: 60 mn (2023) -> 100 mn (2027) Digital growth: Active internet users for FY25, 6.5% for FY26 Per capita income
Slide 17: Complete Home Solutions
Complete Home Solutions … Bed Sheets Blankets Pillows Rugs Flooring Drapes Towels Bath Robe Rugs Bespoke Solutions Towels Rugs Flooring Table Linen Cushion Upholstery Pillows Rugs Flooring 16
Slide 18: Multi-Channel consumer touchpoints
… with Multi-Channel consumer touchpoints and… General Trade EBOs E-commerce 400 Drapestory W: www.indzara.com 6000+ Spaces.in Jammu and N: 7000+ Kashmir Himachal S: 4500+ • Conversion: 0.66%->0.83% • Bespoke services Punjab Pradesh Chandigarh Uttarakhand E: 3500+ 32 • Range extension: • Leveraging
Slide 19: Strong B2B partnerships
… strong B2B partnerships Flooring Addressable Market: Rs 5,500 Cr*** Institution Hospitality India Corporate Gifting Market size Rs 12,000 Cr** Market size: Rs 750 Cr* 4, 5 star hotels Market share: • Indian brand: 19% Top supplier in organized AID connect ramp up by FY25 • International brand: 27%
Slide 20: Flooring Business
3 Flooring Business 19
Slide 21: Global Flooring Opportunity
Global Flooring Opportunity Global Flooring Opportunity (2022): $270 Bn Addressable Opportunity ~ $20 Bn ~5% CAGR 2022-27 Asia Pacific 122, 45% USA $10 Europe APAC USA 108, 40% bn $7.5 bn $3 bn Europe 27, 10% 50% Broadloom 40% Broadloom 15% Broadloom 25% Carpet Tiles 35% Carpet tiles 35%
Slide 22: Global Brands
4 Global Brands 21
Slide 23: Brands powering profitable growth globally
Brands powering profitable growth globally आज कल ~70% New collabs Scaling up Christy Multifold increase 3 Power Brands replenishment E.g. Kate Shand, across channels & in retailer shelf (>INR 100 Crs) geographies program Jeremiah Brent space 22
Slide 24: Christy: The 174 years+ Heritage Brand
Key Business Highlights The o Addressing the luxury segment in home solutions 174 years+ o Growth: Poised to grow at Heritage ~30% CAGR in next 3-5 years Brand o EBITDA & PBT remains +ve o Featured in: GQ, Good Housekeeping, Glamour, Ideal Home, Oxford Mall, Independent, Country & Town House & many
Slide 25: Advanced Textiles
5 Advanced Textiles 24
Slide 26: Global Advanced Textiles opportunity
Global Advanced Textiles opportunity Global AT Opportunity (2022): $180 Bn* Addressable Opportunity: $33 Bn Increased focus on Health & hygiene post Covid US 25% Japan 07% Areas of focus based on end usage: Indutech, Mobiltech, Meditech Europe 22% India 05% ~5% CAGR India: Underpenetrated cons
Slide 27: Way forward
Way forward Transforming flooring solution Har Ghar Se Har Dil Tak Welspun across the world Leading home solutions player in India (~30% Leverage China+1 as the only integrated market share in medium term) manufacturer in India Core continues to drive Maintain industry leadership in profitable growt
Slide 28: Thank You!
Thank You! Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company/welspun-group
Welspun Living — Investor Presentation (November 2024) on 6ix