Pds Limited · NSE:PDSL
Pds — Q1 FY2025 Earnings Presentation
23 slides from Pds's earnings presentation, July 2024
Slide 1: Investor Update Q1FY25
INVESTOR UPDATE Q1FY25 J ULY 2 0 2 4
Slide 2: Safe Harbour
PDS LIMITED Safe Harbour The Presentation is to provide the general background information about the Company’s activities as at the date of the Presentation. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendat
Slide 3: Table of Contents
01 K E Y Q UA RT E RLY HIGHLIGHTS AND F I N A NC I A L S N A P S H OT 02 OVERVIEW OF F I N A NC I A L P E R F O RM A NC E Table of 04 / 09 10 / 13 Contents 03 BUSINESS U P DAT E S 04 A N N E X U RE S 14 / 18 19 / 22
Slide 4: Key Highlights
01 Key Highlights 01/ FINANCIAL SNAPSHOT & KEY HIGHLIGHTS 02/ REVENUE BREAK UP
Slide 5: Financial Snapshot (Q1 FY25)
PDS LIMITED Financial Snapshot (Q1 FY25) ₹ IN CRORE , UNLESS MENTIONED OTHERWISE TOPLINE ORDER BOOK Growth 2,621 4,813 Growth 2,115 24% 3,815 24% Q1FY24 Q1FY25 Q1FY24 Q1FY25 PAT|PAT MARGIN ROCE 24% Growth 31 Growth 23 34% 159bps 22% Q1FY24 Q1FY25 Q4FY24 Q1FY25 Note: Margins & Growth % are based on ₹
Slide 6: Brick by Brick Journey Towards our Vision
PDS LIMITED Brick by Brick Journey Towards our Vision ₹ IN CRORE AND $ IN MN, UNLESS MENTIONED OTHERWISE 02 – North America Expansion Contribution of US increasing in the overall pie; clocking 50% growth over 01 – GMV Increase same period last year Clocked GMV of ₹3,898cr ($467mn); 28% increase in y
Slide 7: Key highlights for the Quarter
PDS LIMITED Key highlights for the Quarter 1. FY25 started on a strong note with a 28% increase in Gross Merchandise Value handled, translating into 24% growth in topline (YoY) 2. Order book continues to be strong with ₹4,813crs ($576 Mn)clocking a growth of 24% over last year 3. Gross margin expans
Slide 8: Revenue Break-up: Geography & Category (Q1 FY25)
PDS LIMITED Revenue Break-up: Geography & Category (Q1 FY25) Growth witnessed across geographies and categories GEOGRAPHY WISE SPLIT CATEGORY WISE SPLIT % Share % Growth % Share % Growth Y-o-Y Y-o-Y 36% 37% 15%↑ Men’s 23%↑ UK 41% Wear 40% Women’s 37% Europe 34% 45%↑ 40%↑ Wear 34% 32% 22% North 16% C
Slide 9: Segmental Performance at a Glance
PDS LIMITED Segmental Performance AT A GLANCE ₹ IN CRORE AND $ IN MN, UNLESS MENTIONED OTHERWISE S OURCIN G MAN UFACT U RIN G PDS VEN TURES PDS AN D OTHERS CON S OLIDAT E D INVESTMENT IN PDS VENTURES, REAL ESTATE & OTHERS REVENUE REVENUE REVENUE REVENUE Y-o-Y Growth % Y-o-Y Growth % Y-o-Y Growth % 2
Slide 10: Performance Overview
02 Performance Overview 03/ P R O F I T & LO S S S TAT E M E N T 04/ BALANCE SHEET
Slide 11: Profit and Loss (Consolidated)
PDS LIMITED Profit and Loss (CONSOLIDATED) PARTICULARS QUARTER ENDED (₹ IN CR, UNLESS MENTIONED OTHERWISE) 30-Jun-24 30-Jun-23 (Y-O-Y) 31-Mar-24 KEY HIGHLIGHTS GROSS MERCHANDISE VALUE 3,898.4 3,043.4 28% 4,525.9 INCOME FROM OPERATIONS 2,621.1 2,114.9 24% 3,215.2 1. GMV increased by 28% Y-o-Y COGS 2,
Slide 12: Normalised EBITDA (Consolidated)
PDS LIMITED Normalised EBITDA (CONSOLIDATED) QUARTER ENDED Q1 GROWTH PARTICULARS (₹ IN CR, UNLESS MENTIONED OTHERWISE) 30-Jun-24 30-Jun-23 31-Mar-24 (Y-O-Y) INCOME FROM OPERATIONS 2,621.1 2,114.9 3,215.2 23.9% % GROWTH 23.9% EBITDA 73.3 67.3 123.7 9.0% % EBITDA MARGIN 2.8% 3.2% 3.8% -38 bps INVESTME
Slide 13: Balance Sheet (Consolidated)
PDS LIMITED Balance Sheet (CONSOLIDATED) A S ON A S ON P A R T IC ULA R S ( ₹ IN C R , UNLESS M ENTIONED OTHERWISE) P A R T IC ULA R S 3 0 - J un- 2 4 3 1- M a r- 2 4 3 0 - J un- 2 4 3 1- M a r- 2 4 NON-CURRENT ASSETS 1,131.6 1,111.3 CURRENT ASSETS 2,718.6 2,950.6 INVENTORY DAYS 15 15 INVENTORIES 34
Slide 14: Business Updates
03 Business Updates
Slide 15: Expanding our footprint in the US
PDS LIMITED Expanding our footprint in the US Strategic Sourcing Agreement with a US Online Player 1. Strategic sourcing partner for a US based online player across various regions, including China, Myanmar, Cambodia, Vietnam, Morocco, Pakistan, Bangladesh, India, Turkey, and Egypt, among others. 2.
Slide 16: Augmenting Platform Capabilities across Categories, Fast Fashion and Services
PDS LIMITED Augmenting Platform Capabilities across Categories, Fast Fashion and Services Melanie Wilson Andrew Reaney Dawn Ridley Isak Halfon Dan Coen Leading Health & Beauty Segment CEO PDS On line Enterprise (OLE) Head of Sales & Design (SAAS) Senior Industry Expert President –Strategy & Markets
Slide 17: Collaborating with GFA for sustainable solutions
PDS LIMITED Collaborating with GFA for sustainable solutions 1. Global Fashion Agenda has collaborated with PDS Ventures to launch a #Trailblazer Programme 2. Non-profit organisation that fosters industry collaboration on sustainability in fashion to accelerate impact 3. With the vision of a net pos
Slide 18: Conclusion
PDS LIMITED Conclusion 1. Backed by 24% growth in order book, Company expects sales momentum to continue 2. As investment in new verticals shapes up, it should lead to augmentation of overall profitability a) North America Sales up by 50% b) New verticals clocked 4x growth to $11mn 3. The capacity f
Slide 19: Annexures
04Annexures 05/ PROFIT & LOSS IN $ MN 06/ BALANCE SHEET IN $ MN
Slide 20: Profit and Loss (Consolidated in $ Mn)
PDS LIMITED Profit and Loss (CONSOLIDATED IN $ MN) PARTICULARS QUARTER ENDED KEY HIGHLIGHTS ($ IN MN, UNLESS MENTIONED OTHERWISE) 30-Jun-24 30-Jun-23 (Y-O-Y) 31-Mar-24 GROSS MERCHANDISE VALUE 467.3 370.2 26% 545.4 1. GMV increased by 26% Y-o-Y INCOME FROM OPERATIONS 314.2 257.3 22% 387.5 COGS 248.8
Slide 21: Normalised EBITDA (Consolidated in $ Mn)
PDS LIMITED Normalised EBITDA (CONSOLIDATED IN $ MN) QUARTER Q1 GROWTH PARTICULARS ($ IN MN, UNLESS MENTIONED OTHERWISE) ENDED 30-Jun-24 30-Jun-23 31-Mar-24 (Y-O-Y) INCOME FROM OPERATIONS 314.2 257.3 387.5 22.1% % GROWTH 22.1% EBITDA 8.8 8.2 14.9 7.4% % EBITDA MARGIN 2.8% 3.2% 3.8% -38 bps INVESTMEN
Slide 22: Balance Sheet (Consolidated in $ Mn)
PDS LIMITED Balance Sheet (CONSOLIDATED IN $ MN ) A S ON A S ON P A R T IC ULA R S ( $ IN M N , UNLESS M ENTIONED OTHERWISE) P A R T IC ULA R S 3 0 - J un- 2 4 3 1- M a r- 2 4 3 0 - J un- 2 4 3 1- M a r- 2 4 NON-CURRENT ASSETS 135.7 133.2 CURRENT ASSETS 326.0 353.8 INVENTORY DAYS 15 14 INVENTORIES 4
Slide 23: Thank You
C O N TA C T U S THANK YOU PDS LIMITED Unit No.971, Solitaire Corporate Park, Andheri-Ghatkopar Link Road, Andheri (E), Mumbai-400093, Maharashtra, India CIN: L18101KA2011PLC094125 Tel.: +91-22-41 441 100 Email: investors@pdsltd.com INVESTOR PRESENTATION | Q1 FY25