Slide 1: Exchange cover letter for Q2 & H1 FY23 results
Ref. No.: RGL/S&L/2022/206 November 09, 2022 Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip code:
Slide 2: Renaissance Global announces Q2 & H1 FY23 Results
PRESS RELEASE Renaissance Global announces Q2 & H1 FY23 Results H1 FY23 Total Income stood at Rs. 1,017.1 crore Direct-to-Consumer business revenues up 86% to Rs. 84.6 crore EBITDA stood at Rs. 79.9 crore, with margins at 8% PAT stood to Rs. 39.8 crore Mumbai, November 09, 2022: Renaissance Global L
Slide 3: Management commentary on Q2 & H1 FY23 performance
Commenting on the performance for Q2 & H1 FY23, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said, “We have delivered a stable performance during the first half supported by our high-margin branded jewellery segment and healthy growth in the Direct-to-Consumer business. In Q2
Slide 4: About Renaissance Global Limited
About Renaissance Global Limited (Renaissance) Renaissance Global Limited, (Renaissance) (BSE: 532923, NSE: RGL), is a global branded jewellery player. Renaissance designs, manufactures, and supplies branded jewellery across key high-potential markets in USA, Canada, UK & Asian. The product portfoli
Slide 5: Results Presentation Q2 & H1 FY23
Results Presentation Q2 & H1 FY23
Slide 6: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These forward-looking statements, which may include statements relating to future results of operations,
Slide 7: Content
Content Q2 & H1 FY23 Company Annexure Results Overview Overview 4 15 28 3
Slide 8: Q2 & H1 FY23 Results Overview
iO Renaissance Global Limited Q2 & H1 FY23 Results Overview
Slide 9: Q2 & H1 FY23 Financial Summary
Q2 & H1 FY23 Financial Summary Revenue (Rs. Crore)* EBITDA (Rs. Crore) 8% 14% EBITDA 11.3% 8.6% 10.6% 7.9% Margin (%) 1,014.0 16% 886.6 30% 95.2 477.1 79.9 440.2 53.8 37.9 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 PAT (Rs. Crore) EPS (Rs.) [1] PAT 5.9% 3.5% 5.8% 3.9% 24% M
Slide 10: Management Message
Management Message Commenting on the performance for Q2 & H1 FY23, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said, “We have delivered a stable performance during the first half supported by our high-margin branded jewellery segment and healthy growth in the Direct-to-Consu
Slide 11: Key Developments
Key Developments Launched NFL Licensed True Fans Fine Jewelry Collection Exclusively with Signet Jewelers The officially licensed NFL licensed True Fans Fine jewelry™ will be available exclusively at KAY Jewelers and Zales stores in select markets and online in USA. The True Fans Fine Jewelry™ c
Slide 12: Growing Direct to Consumer (D2C) Business
Growing Direct to Consumer (D2C) Business During Q2 FY23, direct-to-consumer business posted revenues of Rs. 43.9 crore compared to Rs. Repeat Customers as a 20.4 crore in Q2 FY22, registering a growth of 115% % of overall customer traffic* For H1FY23, the direct-to-consumer business revenue was
Slide 13: Q2 & H1 FY23 Operational Summary
Q2 & H1 FY23 Operational Summary Revenue Break-up Q2 Q2 H1 H1 Revenue Mix (%) Shift % Shift % Plain Gold Customer Brands Branded Jewellery (Rs. Cr.) FY23 FY22 FY23 FY22 Branded Jewellery 99.6 95.0 4.8% 223.7 186.5 19.9% 23% 20% 22% 21% - B2B 55.7 74.7 -25.4% 139.1 141.2 -1.5% - D2C 43.9 20.4 115.5%
Slide 14: H1 FY23: Financial & Operational Discussions (Y-o-Y)
H1 FY23: Financial & Operational Discussions (Y-o-Y) Revenue Total income stood at Rs. 1,017 crore from Rs. 897 crore in H1 FY22 Branded Jewellery business revenues up 20% YoY to Rs. 224 crore supported by a steady flow of orders from retail partners and revenues from D2C business D2C business r
Slide 15: Robust Free Cash Flow Generation
Robust Free Cash Flow Generation Free Cash Flow Generation (Rs. Cr.) Strong FCF generation 194 113 113 108 Branded Jewellery - a low capital- 66 intensive business FY20 FY21 TTM Sept 21 FY22 TTM Sept 22 Operating leverage & minimal capex spends to further improve FCF generation, going ahead Ca
Slide 16: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.76 0.52 Highly disciplined balance sheet 0.41 0.38 approach 665 0.29 0.30 699 894 936 843 924 Increase in capital deployment due to 503 364 381 242 340 280 higher business YoY reflecting in higher equity & de
Slide 17: Healthy Return Ratios
Healthy Return Ratios ROE ROE (Adjusted for Cash & Current Investments) 17.6% 18.9% 17.1% 14.8% 13.0% 8.8% H1 FY23 Return on Equity stood at 10.3% 12.9% 13.5% 12.0% 11.1% 10.3% vs 12.0% for FY22. It is as high as 13.0% 6.0% without considering cash & current FY19 FY20 FY21 TTM Sept FY22 TTM Sept i
Slide 18: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. Crore) Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 Change (%) Change (%) Revenues from Operations 440.2 477.1 -7.7% 1,014.0 886.6 14.4% Other Income 1.5 0.8 88.8% 3.1 10.9 -71.3% Total Income 441.7 477.9 -7.6% 1,017.1 897.5 13.3% COGS 295.1 327.0
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet September September September September Particulars (Rs. Crore) Particulars (Rs. Crore) 2022 2021 2022 2021 Shareholder's Funds 935.8 894.0 Non-Current Assets Equity Share Capital 18.9 18.7 Fixed Assets – Tangible & Intangible [2] 258.4 195.1 Reserves & Surplus 916.7 875.1
Slide 20: FY23: Outlook
FY23: Outlook Revenue from Operations Rs.1,970 – 2,150 Crores Revenue for FY23 is estimated to decrease by 2-10% YoY. Profit after Tax Rs.85 – 100 Crores PAT for FY23 is anticipated to decline by 6-20% YoY. We continue to keep a careful eye on the macro environment and business developments. We beli
Slide 21: Company Overview
iO Renaissance Global Limited Company Overview
Slide 22: Corporate Snapshot
Corporate Snapshot Global Jewellery Company focused on designing, manufacturing and distribution of branded jewellery 5 6 550 cr Licensing Direct-to- Branded jewellery agreements with Consumer revenues (Rs.) in global brands websites H1 FY23 Strong presence in global markets of North (annualised) Am
Slide 23: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Growing revenue contribution from Branded Jewellery Association with globally-recognized brands segment 23% Increased presence in high-potential key global 18% markets Renaissance’s Branded 13% Jewellery Better pricing on the back of branded products 10%
Slide 24: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Distribution Direct-to- Business Consumer (D2C) (B2B) 20
Slide 25: 'Win-Win' Partnership with Global Iconic Brands
‘Win-Win’ Partnership with Global Iconic Brands Renaissance Global Global Brands PUSH STRATEGY PULL STRATEGY Conceptualisation & design Licensing agreements Brand development Manufacturing IP rights of brands Long-term license contracts Product marketing Marketing Distribution Spec
Slide 26: Growing Portfolio of Brands - Licensed Brands
Growing Portfolio of Brands Licensed Brands Partnership with Hallmark since 2015 Licensing arrangement with Disney since 2016 with the launch of Enchanted Disney Fine jewelry Success of brand unlocked more licensing opportunities Launched Disney Jewels in October 2019 & Disney Treasures in F
Slide 27: Growing Portfolio of Brands - Owned Brands
Growing Portfolio of Brands Owned Brands Launched first India-focused retail brand IRASVA in 2019 Operates 3 IRASVA stores in India Jewelili, a play on affordable fine jewellery collection launched in February 2020 Distributed through Amazon platform in addition to its own website Made for
Slide 28: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline June February November November February May Successfully 2019 2020 2020 2020 2021 2021 developed and launched 6 online stores Segment enjoys higher margins and healthy working capital cycle KINDLY CLICK ON THE LOGOS TO VISIT RENAISSANCE’S
Slide 29: Growth Drivers
Growth Drivers Growing high-margin branded jewellery segment Extending licensing model to newer brands Increasing use of lab-grown diamonds to prioritize focus on sustainability Widening Omni-channel distribution network Inorganic growth opportunities 25
Slide 30: Conclusion
Conclusion Play on high-potential global branded jewellery industry ‘Win-Win’ partnership with global iconic brands Footprint in huge developed & developing global markets for branded jewellery Increasing scale to drive operating leverage across distribution channels High margin & low-capital intens
Slide 31: ESG Initiatives
iO Renaissance Global Limited ESG Initiatives
Slide 32: ESG Initiatives
ESG Initiatives ENVIRONMENT SOCIAL To achieve safety, health Renaissance’s CSR POLICY and environmental covers projects through NGOs excellence in all aspects of under: business activities Medical, Health Care and During H1 FY23, Social Welfare Renaissance Global Ltd. Educational has been aw
Slide 33: Corporate Social Responsibility
Corporate Social Responsibility ENVIRONMENTAL, MEDICAL, HEALTH CARE AND EDUCATIONAL HUMANITARIAN ANIMAL WELFARE, SOCIAL WELFARE CULTURAL & RELIGIOUS Partnered with the Under the Each One Teach One Initiative (EOTO), Donated during natural Actively contributes to Bhaktivedanta Hospital by Ren
Slide 34: Annexure
») Renaissance Global Limited Annexure
Slide 35: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 70.7% Foreign Institutions (FPI, FII & 1.9% NRI) Individual - >1% 4.9% Others 22.5% *Holding as on 30th September 2022 Key Market Statistics As on 30-Septemeber-2022 (Adjusted for Split) BSE/NSE Ticker 532923/RGL CMP (Rs) 114.15 Market
Slide 36: Conference Call Details
Conference Call Details Q2 & H1 FY2023 Earnings Conference Call Time • 2 p.m. IST on Friday, November 11, 2022 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number • + 91
Slide 37: About Us
About Us Renaissance Global Limited (Renaissance) is a global branded jewellery player. Renaissance designs, manufactures and supplies branded jewellery across key high- potential markets in USA, Canada, UK & key Asian markets. The product portfolio encompasses Branded Jewellery, Customer Brands & P
Slide 38: Thank You
CO Renaissance Global Limited Thank You