Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q3 FY2022 Earnings Presentation
27 slides from Relaxo Footwears's earnings presentation, Jan 29, 2022
Slide 1: Investor Presentation on Un-Audited Financial Results – Cover Letter
PRELAXO January 29, 2022 BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Listing Department, Department Exchange Plaza, (ist Floor New Trading Bandra Kurla Complex, Rotunda Building, P J Towers Bandra (East), Mumbai- 400 051 Dalal Street Fort, Mumbai-400001 Scrip Code — 530517
Slide 2: December 2021
DECEMBER 2021 January, 2022 Classification: Internal 1
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: Index
Index Page No. 1. Performance at glance 4 2. Industry Overview 11 3. Company Overview 13 4. Financial Highlights 23 3 / 26
Slide 5: Performance at a Glance
Performance at a Glance Classification: Internal
Slide 6: Financial Highlights – Profit and Loss
Financial Highlights – Profit and Loss (`in Cr.) Revenue EBITDA EBIT 17.3% 17.0% 21.0% 12.0% 12.8% 14.1% Annual 2,410 495 408 409 309 2,359 324 275 2,292 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 22.1% 21.8% 18.6% 19.1% 13.3% 16.4% 16.4% 13.4% 13.2% Quarterly 8.8% 163 149 143 748 714 744 122 125
Slide 7: Financial Highlights – Profit and Loss
Financial Highlights – Profit and Loss (`in Cr.) PBT PAT Cash PAT 16.6% 12.4% 17.5% 11.7% 12.1% 7.6% 9.4% 14.1% 10.7% Annual 292 413 391 226 341 268 292 175 245 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 18.0% 18.4% 13.4% 13.7% 17.7% 17.9% 12.9% 12.6% 9.6% 9.4% 11.9% 13.6% 13.7% 8.1% 6.2% Quarterl
Slide 8: Operating Highlights
Operating Highlights Number of Pairs Sold (in Cr.) Average Realization per pair (in `) Credit Rating 19.1 133 Annual 18.4 17.9 123 122 Rating agency : ICRA FY19 FY20 FY21 FY19 FY20 FY21 Long term : AA Outlook : Positive 5.7 5.0 164 4.6 154 Short term : A1+ Quarterly 4.2 4.5 134 129 117 Q3FY21 Q4FY21
Slide 9: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet (`in Cr.) Net Debt CAPEX Net Worth 85 259 1611 1572 17 1272 1105 FY19 FY20 FY21 H1FY22 95 101 66 202 344 FY19 FY20 FY21 H1FY22 FY19 FY20 FY21 H1FY22 Capital Employed Cash generated from operations Net Debt/EBITDA (x) 1632 0.26 1595 602 1226 1316 402 210 47 0.04 -
Slide 10: Financial Highlights – Key Financial Ratios
Financial Highlights – Key Financial Ratios Current Ratio (x) Debtor Turnover Ratio (x) Interest Coverage (x) 12.5 2.4 39.8 1.9 11.2 1.6 23.9 10.6 18.3 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 ROE (%) ROCE (%) Dividend ( `in Cr.) 250% 20.5% 25.6% 90% 125% 23.4% 62 18.8% 19.0% 22.4% 22 31 FY19 FY
Slide 11: Financial Highlights – Key Financial Ratios
Financial Highlights – Key Financial Ratios Market Cap (`in Cr.) EV/EBITDA (x) PE Ratio (x) 75 66 21,773 44 54 36 14,869 30 9,561 FY19 FY20 FY21 FY19 FY20 FY21 FY19 FY20 FY21 Enterprise Value (`in Cr.) EPS (in `) Fixed Asset Turnover Ratio (x) 21,773 11.7 3.0 9.1 14,885 7.1 2.8 9,646 2.7 FY19 FY20 F
Slide 12: Industry Overview
Industry Overview Classification: Internal
Slide 13: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Strong growth potential of the Indian footwear industry Global Footwear Market Size# Indian Footwear Market Size* Per Capita Consumption (Pairs)^ Top 5 Global Footwear Consumers # (In US$ billion) (In Rs. billion) (Pairs) (in million pairs) 6.5 Chi
Slide 14: Company Overview
Company Overview Classification: Internal
Slide 15: Moving Forward, Gaining Momentum.
Moving Forward, Gaining Momentum. 8 Slide 14 of 26
Slide 16: Diversified portfolio with strong identities
Diversified portfolio with strong identities It’s In Me Slide 15 of 26
Slide 17: Key Strengths
Key Strengths Corporate Governance Distribution Customer Network First Brand Equity Adaptability Product Manufacturing Innovation Excellence Slide 16 of 26
Slide 18: Efficient customer reach across channels
Efficient customer reach across channels www.relaxofootwear.com 50,000+ ~650 Retailers/MBOs Distributors 402 ~30 EBOs Countries Exported to 1 Overseas office in Dubai Online Avaliability Slide 17 of 26
Slide 19: Sustained manufacturing excellence, certification & innovation
Sustained manufacturing excellence, certification & innovation Strong in-house manufacturing capabilities Certifications • 8 manufacturing facilities with a capacity to produce ~10 Lac pair/day. • ISO 9001:2015 • Continuous focus on optimising operations • ISO 14001:2015 – Dedicated line for manufac
Slide 20: Awards and Accolades
Awards and Accolades dun &bradstreet Amongst India's Top 500 Companies 2021 India’s Most Valuable Company-2019 Rank 220 India's Largest Corporations 2019 Rank 471 FROST & ETS500- SULLIVAN India's Top 500 India Manufacturing Company-2019 Excellence Awards Rank 478 India's Top Mid Size 2013 Company-20
Slide 21: Board of Directors
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 industry industry. Co
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
Shareholding pattern Shareholding as on 31st December, 2021 260,417* Total Shareholders – 260,562 Shareholder Information as on (18.5%) Promoter & Promoter Group 31st December, 2021 Mutual Funds BSE Ticker 530517 16* (6.9%) Foreign Portfolio Investors NSE Ticker RELAXO 12* (70.8%) Others Market Cap
Slide 24: Financial Highlights
Financial Highlights Classification: Internal
Slide 25: Statement of Profit & Loss
Statement of Profit & Loss Particulars (INR Cr.) Q3FY22 Q2FY22 Q3FY21 9MFY22 9MFY21 FY21 Revenue from Operations 743.52 714.43 672.02 1,955.08 1,611.47 2,359.15 Other Income 5.47 7.07 3.96 17.81 15.88 22.77 Total Income 748.99 721.50 675.98 1,972.89 1,627.35 2,381.92 Cost of Materials Consumed, incl
Slide 26: Notes
Notes 1. The above results were reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on November 1, 2021. The Statutory auditors have conducted a limited review of the above unaudited financial results and have expressed an unmodified report on the s
Slide 27: Thank You
Thank You LY AELAKO