Slide 1: Exchange filing cover letter for investor presentation
PDSL/SE/2023-24/238 May 11, 2023 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai -400 051 Mumbai- 400001 Scrip Symbol: PDSL Scrip C
Slide 2: Investor Update Q4 FY23 and FY23
Investor Update Q4 FY23 and FY23 May 2023
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by PDS Limited (“PDS”, “the Company”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should no
Slide 4: Contents
Contents 01 Power Of The PDS Platform 04 Stock Price Performance 02 Key Business Updates 05 Annexures 03 Performance Overview 3
Slide 5: Key Financial Highlights for the Year (FY23)
Harnessing the Power of the Platform Key Financial Highlights for the Year (FY23) $ 1,316mn $ 220mn $ 57mn $ 41mn (₹10,577cr) (₹1,771cr) (₹459cr) (₹327cr) 20% consolidated topline growth Gross Margin: 16.7% | ↑53bps EBITDA Margin: 4.3% | ↑64bps 12% increase in PAT ₹ 20.30 255% 44% -2 Days Basic EPS
Slide 6: Power of the PDS Platform
POWER OF THE PDS PLATFORM Slobal | Collaborative | Digital | Ethical
Slide 7: Who are we?
Who are we? Global Fashion Infrastructure Company with customized solutions to retailers & brands Design-Led Sourcing as a Manufacturing Brands Sourcing Service • Owned Manufacturing • 550+ Compliant partnered • Managing entire sourcing • In – House developed Facilities factories needs of the Retail
Slide 8: A Unified Platform with Pillars to Drive Sustained Growth
A Unified Platform with Pillars to Drive Sustained Growth Asset light model with Strong Working Balance Capital Limits Sheet People First of $500 Mn. supporting the Approach Robust Risk entire eco- Management system Framework Tech- Enabled with Platform Compliance, Global Legal and Procurement Exper
Slide 9: Key Business Updates
KEY BUSINESS UPDATES
Slide 10: The Glimpse into the Year Gone By (1/2)
The Glimpse into the Year Gone By (1/2) Key achievements for the PDS platform Jun Nov Mar • Announced stock split • Sri Lankan subsidiary • BG Srinivas appointed on certified Great Place to the Board of Directors • Inked license agreement Work followed by PDS for Forever21 India in January Sep | Oct
Slide 11: 2024 Perspective
2024 Perspective Headwinds Coupled with New Emerging Opportunities in the Global Landscape Macroeconomic and geopolitical Russia-Ukraine conflict still having 01 factors have a strong bearing on our outlook for this year 02 an overbearing on the region Retailers are currently sitting on 03 Interest
Slide 12: Disruptions Creating Opportunities for PDS
Disruptions Creating Opportunities for PDS Global Economic PDS capitalising the By Expanding the Pressure due to rising opportunities thus Service offerings with Interest rates and created Customised Solutions supply chain disruptions Companies all over the world focusing on Leading to More increasi
Slide 13: Curating Customised Solutions for Our Customers
Curating Customised Solutions for Our Customers From Buying Agency to Design-led Sourcing to Exclusive Strategic Partnership Global Sourcing & Design Led SaaS Exclusive to Brand Management Buying Agency Sourcing Geographies End to end management of Commission based End to end management of Long-term
Slide 14: A Two Decade Relationship with a UK Retailer
A Two Decade Relationship with a UK Retailer: Case Study: Increasing Service Offering and Wallet Share Sourcing Expanding share Expanding Categories Started with a UK based Working closely with the Catering to home category retailer providing supplying customer to cater to larger which has an annual
Slide 15: Expanding the Expertise in Brand Management
Expanding the Expertise in Brand Management Second Agreement with Authentic Brands Group for Ted Baker Operations in Europe Ted Baker Design Group (TDG) (Design, Buying, Production, Sourcing, Merch and Marketing) 1. Global brand development, marketing and entertainment platform, which Ted Baker Ted
Slide 16: Long Term & Strategic Sourcing Contracts
Long Term & Strategic Sourcing Contracts John Lewis PLC entered into Wholesale agreement with Spring Near East ▪ John Lewis Partnership plc (John Lewis Partnership) owns and operates department stores, supermarkets and convenience stores in the UK. The company conducts its business operations under
Slide 17: Expanding our capabilities to supply chain solutions
Expanding our capabilities to supply chain solutions Acquiring a majority stake in Bangladesh based supply chain provider ▪ Transport Partner Limited (TPL) is a leading provider of world-class supply chain solutions, with a global reach through a network of exclusive agents worldwide FY22* Topline (
Slide 18: Key Focus Areas During the Year
Key Focus Areas During the Year Continue to Augment and Build our Capabilities Value Accretive Strengthening Digital Business Capabilities Focusing on value- Work with existing Strong team driving Industry experts have accretive businesses customers to cater to a digital capabilities joined our jour
Slide 19: Promoting Innovation along side Sustainability
Promoting Innovation along side Sustainability Platinum Sponsor at SAF 2023 to promote sustainable apparel PDS Ventures in collaboration with True hosted an event to production in Bangladesh promote material science innovation, sustainability and circularity in fashion and apparel industry 18
Slide 20: Performance Overview
PERFORMANCE OVERVIEW Quarter and Year ended 31st March 2023 19
Slide 21: Key Financial Highlights for this Quarter (Q4 FY23)
Key Financial Highlights for this Quarter (Q4 FY23) $ 333mn $ 55mn $ 16mn $ 9mn (₹2,742cr) (₹454cr) (₹133cr) (₹77cr) Consolidated Topline Gross Margin: 16.6% | ↑146bps 28% EBITDA growth | PAT Margin: 2.8% Margin: 4.8% ₹ 4.33 44% 29% Basic EPS ROCE ROE Note: ROCE is based on Net Capital Employed. ROC
Slide 22: Performance in Full Year over last 5 years
Performance in Full Year over last 5 years Consistently delivered growth & profitability Margin % 1 Sales (₹ cr) 10,577 2 Gross Profit ₹ cr) 1,771 8,828 1,432 6,486 6,648 6,213 1,099 1,028 948 1.6x 14.6% 16.7% 1.9x FY19 FY20 FY21 FY22 FY23 Growth FY19 FY20 FY21 FY22 FY23 Growth 3 EBITDA (₹ cr) 459 4
Slide 23: Revenue Break-up and Margin Thereof for FY23
Revenue Break-up and Margin Thereof for FY23 Category Wise Split Geography Wise Split Men’s Wear Men 's wear 39% Europe 26% Women’s Wear Ladies wear 34% Asia & Middle East 11% UK Children 45% Wear Children we ar 21% Australia 0% Essentials 2% Ess entials Wear % of Total Revenue North America 15% Oth
Slide 24: Top 10 Business Verticals as per internal MIS
Top 10 Business Verticals as per internal MIS Key Financials for year-ended Mar’2023 US$ in mn, unless mentioned otherwise Revenue PBT PBT Margin Verticals Key Country FY23 FY23 FY23 UK 244 12 5.0% Twins UK 152 11 7.3% UK 150 5 3.3% Germany 108 4 3.7% Top 10 verticals UK (Sri Lanka focussed)** 100 7
Slide 25: Investment in PDS Ventures, Real Estate & others
Investment in PDS Ventures, Real Estate & others PDS Investment Portfolio ₹430cr | $52mn % of total PDS 25% gross capital employed 7% 3% 3% 12% Proceeds from Real estate Treasury Investments (29%) Real Estate & Others (12%) PDS Ventures (46%) (13%) ₹124cr | $15mn ₹50cr | $6mn ₹199cr | $24mn ₹57cr |
Slide 26: FY23 Performance Across Segments
FY23 Performance Across Segments PDS Venture Tech Sourcing Manufacturing Investments# PDS Consolidated $1,257mn | ₹10,105cr $87mn | ₹703cr $0.5mn |₹4cr $1,316mn Revenue Revenue captured in Other up 19% vs LY up 28% vs LY Income ₹10,577cr EBIT $46mn | ₹366cr $3.7mn | ₹30cr $4mn | ₹31cr $54mn |₹431cr
Slide 27: Consolidated Profit & Loss (Quarter)
Consolidated Profit & Loss For the Quarter ended March ₹ in Cr, unless mentioned otherwise Quarter ended Quarter ended Q4 Growth Quarter ended Particulars 31-Mar-23 31-Mar-22 (Y-o-Y) 31-Dec-22 Key Highlights Income from Operations 2,742 2,775 -1% 2,574 COGS 2,287 2,356 -3% 2,124 1. Reported Income f
Slide 28: Consolidated Profit & Loss (Year)
Consolidated Profit & Loss For the Year ended March ₹ in Cr, unless mentioned otherwise Full Year ended Full Year ended Growth Particulars 31-Mar-23 31-Mar-22 (Y-o-Y) Key Highlights Income from Operations 10,577 8,828 20% COGS 8,806 7,396 19% 1. Income from Operations increased by 20% Gross Profit 1
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ in Cr, unless mentioned otherwise As on As on As on As on Particulars Particulars 31-Mar-23 31-Mar-22 31-Mar-23 31-Mar-22 Non-Current Assets 886 787 Calculated basis LTM P&L items Current Assets 2,223 2,611 Inventory Days 11 15 Inventories 256 305 Debtor Days 34 59 Trade
Slide 30: Consolidated Cash Flow
Consolidated Cash Flow ₹ in Cr, unless mentioned otherwise Year ended Year Ended Year ended Year Ended Particulars Particulars 31-Mar-23 31-Mar-22 31-Mar-23 31-Mar-22 A. Cash Flow from Operating Activities C. Cash Flow from Financing Activities Profit before tax 357 310 Proceeds from borrowings (net
Slide 31: Full Year Dividend- FY23 (in ₹)
Full Year Dividend- FY23 (in ₹) Based on Consolidated Profits of PDS Particulars (₹ cr, unless mentioned otherwise) FY23 FY22 Dividend Pay-out 25% 25% Profit Attributable to Equity Shareholders 265 248 Proposed Total Dividend 67 62 EPS per share (₹) 20.30 95.38 Dividend Per share (₹) 5.10 23.85 Face
Slide 32: Continued efforts in Making a Difference
Continued efforts in Making a Difference Soham*- Efforts toward training adults and schooling children in Hyderabad and Dhaka PDS’ commitment to create a sustainable future for the business, people and the communities we serve by providing children with quality education along with healthcare, nutri
Slide 33: For Further Information, please contact
For Further Information, please contact Abhishekh Kanoi Head of Legal & Company Secretary abhishekh.kanoi@pdsltd.com Reenah Joseph Head Corporate Finance & Investor Relations Reenah.Joseph@pdsltd.com PDS Limited Together we’re building a better, (erstwhile PDS Multinational Fashions Limited) more su
Slide 34: Annexures- Financial Performance
Annexures- Financial Performance (Figures in $mn) 33
Slide 35: Performance in Full Year over last 5 years ($ mn)
Performance in Full Year over last 5 years Consistently delivered growth & profitability Margin % 1 Sales ($ mn) 1,316 2 Gross Profit ($ mn) 220 1,185 192 928 938 837 155 136 138 1.4x 14.6% 16.7% 1.6x FY19 FY20 FY21 FY22 FY23 Growth FY19 FY20 FY21 FY22 FY23 Growth 3 EBITDA ($ mn) 57 4 Reported PAT (
Slide 36: Consolidated Profit & Loss (Quarter, US$)
Consolidated Profit & Loss For the Quarter ended March US$ in mn, unless mentioned otherwise Quarter ended Quarter ended Q4 Growth Quarter ended Particulars 31-Mar-23 31-Mar-22 (Y-o-Y) 31-Dec-22 Key Highlights Income from Operations 333.4 369.8 -10% 312.4 COGS 278.2 314.0 -11% 257.6 1. Reported Inco
Slide 37: Consolidated Profit & Loss (Year, US$)
Consolidated Profit & Loss For the Year ended March US$ in mn, unless mentioned otherwise Full Year ended Full Year ended Growth Particulars 31-Mar-23 31-Mar-22 (Y-o-Y) Key Highlights Income from Operations 1,315.5 1,184.8 11% COGS 1,095.2 992.6 10% 1. Income from Operations increased by 11% Gross P
Slide 38: Consolidated Balance Sheet (US$)
Consolidated Balance Sheet US$ in mn, unless mentioned otherwise As on As on As on As on Particulars Particulars 31-Mar-23 31-Mar-22 31-Mar-23 31-Mar-22 Non-Current Assets 107.8 103.8 Calculated basis LTM P&L items Current Assets 270.5 344.6 Inventory Days 10 15 Inventories 31.1 40.3 Debtor Days 33
Slide 39: Consolidated Cash Flow (US$)
Consolidated Cash Flow US$ in mn, unless mentioned otherwise Year ended Year Ended Year ended Year Ended Particulars Particulars 31-Mar-23 31-Mar-22 31-Mar-23 31-Mar-22 A. Cash Flow from Operating Activities C. Cash Flow from Financing Activities Profit before tax 43.4 40.9 Proceeds from borrowings
Slide 40: Full Year Dividend- FY23 (in $)
Full Year Dividend- FY23 (in $) Based on Consolidated Profits of PDS Particulars ($ mn, unless mentioned otherwise) FY23 FY22 Dividend Pay-out 25% 25% Profit Attributable to Equity Shareholders 33 33 Proposed Total Dividend 8 8 EPS per share ($) 0.25 1.28 Dividend Per share ($) 0.06 0.32 Face value