Welspun Living Limited · NSE:WELSPUNLIV
Welspun Living — Q2 FY25 Earnings Presentation
27 slides from Welspun Living's earnings presentation, Oct 28, 2024
Slide 1: Regulation 30 disclosure cover letter to exchanges
WLL/SEC/2024 October 28, 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: Earnings Presentation Q2 FY25
Earnings Presentation Welspun Living Limited Home Textile | Advance Textile | Flooring Q2 FY25 28th Oct, 2024 NSE/BSE: WELSPUNLIV Bloomberg: WLSI:IN Reuters: WLSP.NS
Slide 3: Inside this Presentation
Inside this Presentation Executive Summary 03 Management Commentary 04 Awards & Recognition 05 Global Presence 06 Key Highlights 07 Quarterly summary 08 Operational Highlights 13 Quarterly Profit & Loss 15 Quarterly Segment Results 16 Financial Statements Summary 17 ESG at Welspun 21 Share Holding S
Slide 4: Welspun Living - Global Home Textiles Leader
WELSPUN LIVING - GLOBAL HOME TEXTILES LEADER Welspun Living Ltd (WLL), part of $3.6 bn Welspun Group, is a Multipronged ESG Focused global leader in the Home Textiles E-Commerce organization with landscape. With a strong global Strategy to well-defined distribution network and world-class accelerate
Slide 5: Management Commentary
MANAGEMENT COMMENTARY “It is with great pride that we share that the company has achieved its highest ever quarterly revenues in Q2FY25, with a growth of 15.5% in the quarter with sustainable EBITDA growing by 7.5% over last year. We are glad to see continued growth in all our Emerging businesses wi
Slide 6: Awards & Recognition
AWARDS & RECOGNITION – Feathrs in our cap WLL certified as a Great Place to Welspun wins Action award for Work! Rank 42 (India) and as best fastest growing partner (value) Ms. Dipali Goenka Ms. Dipali Goenka featured workplace in Textile & Textile product 2 Platinum, 1 Gold award at Texprocil 2024 f
Slide 7: Strong Global Presence
STRONG GLOBAL PRESENCE KEY CUSTOMER PARTNERSHIP North America UK & Europe India ROW 50 Countries IKEA Over Presence welspunliving.com 6
Slide 8: Key Highlights
KEY HIGHLIGHTS Brands ESG Innovation C lick the Ico ns to k no w m o re Total Income EBIDTA • Q2 ₹ 29,360 mn grew by 15.5% YoY • Q2 ₹ 4,206 mn @ 14.3% grew 7.5% YoY (Highest ever quarterly revenue) • H1 ₹ 8,140 mn @ 14.7% grew 11.1% YoY • H1 ₹ 55,245 mn grew by 16% YoY Home Textile Exp
Slide 9: Quarterly Highlights
QUARTERLY HIGHLIGHTS (₹ Million) Revenue EBITDA PBT PAT Cash Profit 29,360 4,206 2,802 2,010 3,041 Growth (YoY) 15.5% 7.5% 8.2% 2.2% 7.3% Growth (QoQ) 13.4% 6.9% 10.6% 8.3% 5.0% Margin (%) 14.3% 9.5% 6.8% Margin Expansion (Y-o-Y) (107 bps) (64 bps) (89 bps) Margin Expansion (Q-o-Q) (88 bps) (25 bps)
Slide 10: Half Yearly Highlights
HALF YEARLY HIGHLIGHTS (₹ Million) Revenue EBITDA PBT PAT Cash Profit 55,245 8,140 5,335 3,865 5,937 Growth (YoY) 16.2% 11.1% 12.3% 7.9% 10.9% Margin (%) 14.7% 9.7% 7.0% Margin Expansion (Y-o-Y) (68 bps) (34 bps) (54 bps) EPS/CEPS 4.03 6.19 welspunliving.com 9
Slide 11: Quarterly Highlights
QUARTERLY HIGHLIGHTS (₹ Million) Particulars 30-Sept-24 30-Jun-24 30-Sept-23 Net Worth 45,575 47,112 41,975 Short Term Loans 18,642 18,288 13,266 Long Term Loans 10,144 9,253 10,167 Gross Debt 28,786 27,541 23,433 Cash & Cash Equiv. 10,463 11,921 7,698 Net Debt 18,323 15,620 15,734 Total Assets 1,04
Slide 12: Sales Highlights – Channel Wise
SALES HIGHLIGHTS – CHANNEL WISE (₹ Million) B2B Branded# Revenue Global* Global* Domestic Domestic Innovation Others Online Offline Online Offline Q2 FY25 5,997 13,118 1,560 780 3,049 56 1,378 Sales Contribution (%) 23% 51% 6% 3% 12% 0% 5% Q1 FY25 6,401 11,439 1,506 466 1,958 29 1,081 Sales Contribu
Slide 13: Sales Highlights – Business Wise
SALES HIGHLIGHTS – BUSINESS WISE (₹ Million) Flooring Business Home Textile Business Revenue Advanced HT - B2B HT – Branded HT - E-Com Flooring – B2B Flooring – Branded Textiles Q2 FY25 17,486 4,067 835 1,316 1,872 360 Sales Contribution (%) 67% 16% 3% 5% 7% 1% Q1 FY25 16,454 2,728 495 1,165 1,727 3
Slide 14: Operational Highlights
OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization Annual Utilization Utilisation Utilization Particulars UOM Q2FY25 Q1FY25 Q2FY24 Capacity (%) (%) (%) Bath Linen MT 90,000 21,676 96% 21,055 94% 21,012 93% Bed Linen Mn mtrs 108 25.7 95% 18.6 69% 21.8 81% Home Rugs & Carpets Mn sq mtrs 12.0
Slide 15: Operational Highlights
OPERATIONAL HIGHLIGHTS Manufacturing Capacity & Utilization Annual Utilisation Utilization Particulars UOM H1FY25 H1FY24 Capacity (%) (%) Bath Linen MT 90,000 42,731 95% 39,193 87% Bed Linen Mn mtrs 108 44.3 82% 37.2 69% Home Rugs & Carpets Mn sq mtrs 12.0 5.6 93% 5.6 94% Textile Advanced Textile Sp
Slide 16: Quarterly Profit & Loss
QUARTERLY PROFIT & LOSS (₹ Million) Particulars Q2FY25 Q2FY24 YoY Change Q1FY25 QoQ Change Total Income 29,360 25,424 15.5% 25,885 13.4% EBITDA 4,206 3,913 7.5% 3,935 6.9% EBITDA Margin (%) 14.3% 15.4% (107 bps) 15.2% (88 bps) Finance Cost 549 338 62.1% 434 26.5% Depreciation 856 985 (13.1%) 968 (11
Slide 17: Quarterly Segment Results
QUARTERLY SEGMENT RESULTS (₹ Million) Revenue Segmentation (%) YoY QoQ YoY Particulars Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 Change Change Change Q2 FY25 Home Textile Revenue 27,128 23,523 15.3% 23,873 13.6% 51,001 43,899 16.2% EBITDA 3,742 3,594 4.1% 3,484 7.4% 7,226 6,717 7.6% EBITDA Margin 13.8
Slide 18: Summary of Financial Statements
Summary of Financial Statements Welspun Experience Centre, Hyderabad 17
Slide 19: Profit & Loss Summary
Profit & Loss Summary (₹ Million) Particulars FY20 FY21 FY22 FY 23 FY 24 H1 FY25 Total Income 68,362 74,080 93,773 82,151 98,251 55,245 Growth YoY* % 3.4% 8.4% 26.6% (11.4%) 19.6% 8,140 EBITDA 13,098 14,198 14,246 8,739 15,147 14.7% EBITDA Margin 19.2% 19.2% 15.2% 10.6% 15.4% 982 Depreciation 4,811
Slide 20: Balance Sheet Summary
Balance Sheet Summary (₹ Million) Particulars 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Sept-24 Net Worth 29,721 36,447 39,717 40,878 45,158 45,575 Short Term Loans 17,717 17,452 19,742 12,342 15,665 18,642 Long Term Loans 16,704 10,962 12,142 11,162 9,540 10,144 Gross Debt 34,421 28,414
Slide 21: Ratios Summary
Ratios Summary FY20 FY21 FY22 FY23 FY24 H1 FY25 Net Debt/Equity 1.00 0.64 0.56 0.38 0.30 0.40 Solvency Net Debt/EBITDA 2.26 1.64 1.56 1.76 0.90 1.15 ratios EBIT/Interest 4.66 4.89 7.65 3.32 7.30 6.34 Current ratio 1.19 1.33 1.37 1.66 1.72 1.55 Fixed asset turnover 1.77 1.93 2.33 2.14 2.63 2.50 Total
Slide 22: Welspun ESG Way: Encompassing All Stakeholders
WELSPUN ESG WAY: ENCOMPASSING ALL STAKEHOLDERS Environmental Social Governance Welspun is going through Implemented ISO 14001 Engaged with Cotton Farmers Board Committee on ESG a major transformation where we are Environmental Management to grow sustainable Cotton embedding sustainability and
Slide 23: Sustainability Initiatives – Growing Business Responsibly
SUSTAINABILITY INITIATIVES – GROWING BUSINESS RESPONSIBLY DJSI ratings Sustainalytics Eco Vadis Crisil ratings Welspun Living’s Sustainability case study is now a part of a Score improved from 48 to 59 Score improved from 14.4 to 11.5 Score 44 to 66 (2024) curriculum across universities in to 66 (Ma
Slide 24: Sustainability – Progress Against Targets
SUSTAINABILITY – PROGRESS AGAINST TARGETS Q2 Aspects FY24 H1 FY25 Goal 2025 Goal 2030 FY25 Carbon Neutral (measured as % RE) 8.4% 14.1% 17% 20% 100% 100% Sustainable Cotton 81% 66% 71% 50% 100% Fresh Water (+) in Production 11.2 10.3 10.9 5 0 operations (KL/MT) Zero hazardous waste to Landfill 62.8
Slide 25: Share Holding Summary
SHARE HOLDING SUMMARY Shareholding Pattern (Sept 2024) Top Institutional Shareholders Promoter Group 66.2% LIC of India FPIs 7.1% SBI Life Insurance Mutual Funds/AIF 2.8% HSBC Mutual Fund Insurance Co’s 4.9% Aditya Birla Sunlife MF Public 18.0% Nippon Mutual Fund Other 1.0% welspunliving.com 24
Slide 26: Disclaimer
DISCLAIMER The information contained in this presentation is provided by Welspun Living Limited (the “Company”), although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change
Slide 27: Let's connect
Let’s connect For further details please contact Mr. Sanjay Gupta President (Finance) & CFO Welspun Living Limited sanjay_gupta1@welspun.com Mr. Salil Bawa Group Head – Investor Relations Salil_bawa@welspun.com Connect with us: /TheWelspunworld /WelspunWorld /welspungroup /company/welspunworld