Raymond Limited · NSE:RAYMOND
Raymond — Q1 FY2025 Earnings Presentation
37 slides from Raymond's earnings presentation, Aug 14, 2024
Slide 1: Raymond Limited – Investor Presentation filing letter
RL/SE/24-25/114 August 14, 2024 To The Department of Corporate Services - CRD The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor P.J. Towers, Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 500330 Symbol: RAYMOND Dear Sir
Slide 2: Raymond Limited Q1 FY25 Result Presentation
R AY M O N D L I M I T E D Q 1 ’ F Y 2 5 R E S U LT P R E S E N TAT I O N 30th June 2024 Note that: Raymond has completed the demerger of its lifestyle business on June 30, 2024. The numbers and details included in the presentation pertain to Raymond Limited, which now encompasses the Real Estate an
Slide 3: Raymond Delivers Strong Quarterly Performance in Real Estate & Engineering Business
Raymond Delivers Strong Quarterly Performance in Real Estate & Engineering Business QUARTERLY QUARTERLY OPERATING RECENT PERFORMANCE* HIGHLIGHTS DEVELOPMENTS YoY 93% Revenue ₹ 618 Cr. Lifestyle Completed on 30th June ₹998 Cr. Cash Surplus Demerger Update 2024, Listing is expected in the Q2FY25 YoY 8
Slide 4: Table of Content
Pages 1 Q1FY24 Highlights 4-8 2 Realty Business 9-22 TABLE OF 3 Engineering Business 23-25 CONTENT 4 Current Status and Outlook 26-28 5 Management 29-31 6 Annexure: Raymond Lifestyle Limited 32-34 7 Disclaimer 35-35 3
Slide 5: Q1FY25 Highlights
Q1IFY25 HIGHLIGHTS SB SIX Raymon
Slide 6: Q1FY25 — Continued Momentum for Profitable Growth
Q1FY25 — Continued Momentum for Profitable Growth With record Revenue and EBITDA performance Real Estate (₹Cr.) REVENUE (₹Cr.) EBITDA (₹Cr.) Booking Value 108% 57% YoY Growth YoY Growth 85% YoY Growth 90 80 85 70 60 488 50 79 REAL 286 40 30 611 235 54 445 ESTATE 130 20 10 38 62 330 - Q1 FY22 Q1 FY23
Slide 7: Consolidated Results
Consolidated Results Q1FY25 Particulars (₹ Cr.) Q1FY25 Q4FY24 Q1FY24 YoY Net Revenue 998 994 517 93.2% Opex 836 753 428 EBITDA 162 240 89 81.6% EBITDA Margin % 16.2% 24.2% 17.3% Depreciation 39 25 16 Interest Expense 31 19 8 PBT before exceptions 92 197 66 40.1% PBT margin % 9.2% 19.8% 12.7% Excepti
Slide 8: Q1FY25 Segment Results
Q1FY25 — Raymond Limited Segment Results REVENUE EBITDA EBITDA % Q1 Q1 YoY Q1 Q1 YoY Q1 Q1 Particulars (₹ Cr.) FY25 FY24 (%) FY25 FY24 (%) FY25 FY24 Real Estate 488 235 108% 85 54 57% 17.5% 23.2% Engineering* 419 209 100% 55 29 91% 13.2% 13.8% Others # 91 73 21 6 Raymond Consolidated 998 517 93% 162
Slide 9: Raymond Transformative Actions
Raymond Transformative Actions Strategic initiatives to enhance shareholder value COMPLETED DEMERGER INITIATED DEMERGER RESTRUCTURING OF OF LIFESTYLE BUSINESS OF REAL ESTATE BUSINESS ENGINEERING BUSINESS • Completed the demerger on • Board Approved demerger of • Through a composite scheme of 30th Ju
Slide 10: Realty
Cqp EX Raymond Raymono | REALTY Go Beyond
Slide 11: Raymond Realty Journey So Far
Raymond Realty Journey So Far First JDA Project 2nd Project Address by The Address by 2019 Address by GS 2023 GS Season 2 2024 GS - Bandra Launched launched Launched 1st Project 3rd Project Invictus by Ten X Habitat Ten X Era GS launched in Thane launched 2024 2021 2024 Launched 10
Slide 12: Shape & Size of the Current Portfolio
Shape & Size of the Current Portfolio OWN LAND (~100 Acre) JDA LED BUSINESS MODEL Asset Light Expansion ₹7,000 Cr.+ AREA UNDER FURTHER POTENTIAL Appointed: Developer for projects in Development Development Launched The Address by MAHIM SION BANDRA EAST ~40 Acre ~60 Acre GS BANDRA ~4.0* mn sq.ft .RER
Slide 13: Brand Portfolio: Creating product brands in a commoditized industry
Brand Portfolio: Creating product brands in a commoditized industry ASPIRATIONAL PREMIUM LUXURY SEGMENT SEGMENT SEGMENT 12
Slide 14: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th June 2024) Project 10 towers with Particulars FY24 Q1FY25 Till Date RERA carpet area % No of Bookings 359 67 2,877 ~1.7 Mn sq.ft. UNIT SOLD RERA Carpet Area* 0.21 0.04 1.57 Total Units Planned: Value of Bookings (Cr.) 425 84 3,100& 3,103 Customer Collecti
Slide 15: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th June 2024) 3 Towers with Project Particulars FY24 Q1FY25 RERA Carpet Area Till Date % No of Bookings UNIT SOLD ~0.7 Mn sq.ft. 228 66 294 LAUNCHED UNITS RERA Carpet Area* 0.26 0.08 0.34 Total Units Planned: Value of Bookings (Cr.) 575 182 757 584 Launched
Slide 16: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th June 2024) 8 Towers with Project Particulars FY24 Q1FY25 RERA Carpet Area Till Date % UNIT SOLD No of Bookings 96 55 151 ~0.7 Mn sq.ft. LAUNCHED UNITS RERA Carpet Area* 0.08 0.05 0.13 Total Units Planned: Value of Bookings (Cr.) 298 171 468 782 Queens Cou
Slide 17: Ten X Habitat
Ten X Habitat Three towers delivered 2 years ahead of RERA Timeline Towers 1, 2, 3, 4 & 5 Towers 10, 9, 8, 7 & 6 Central Amenities Building Elevation Reference Image Reference Image 16
Slide 18: The Address By GS
The Address By GS Construction in Full Swing Building Elevation Tower (A) 45th Floor Slab Completed Tower (B) 37th Floor Slab Completed Reference Image (Tower A & Tower B) 17
Slide 19: Ten X ERA
Ten X ERA Launched 3rd Tower in Dec-23 Tower (B) 1st floor level work in progress Building Elevation Tower (A) Podium-1 level work in progress Tower (C) 4th floor slab in progress Reference Image 18
Slide 20: The Address by GS Season 2
The Address by GS Season 2 Launched in Q2FY24 Building Elevation Tower (C) Ground floor slab work in progress Tower (D) Foundation work in progress Reference Image (Tower C & Tower D) 19
Slide 21: Invictus by GS
Invictus by GS Launched in Q2FY24 Building Elevation Ground floor slab completed Reference Image 20
Slide 22: New Launch: Launched First JDA Project in Bandra
New Launch: Launched First JDA Project in Bandra Launched in Q4FY24: Building Elevation Sale – Towers A, B & C – Excavation work in progress Queens Court Reference Image 21
Slide 23: Real Estate Business
Real Estate Business Q1 Q1 Particulars (₹Cr.) % Var. FY25 FY24 Net Sales 488 235 108% EBITDA 85 54 57% EBITDA margin 17.5% 23.2% ➢ Strong booking momentum maintained during the quarter: ▪ With the booking value of ₹ 611 Cr in Q1FY25 vs ₹ 330 Cr in Q1FY24 ▪ Numbers of unit sold was 285 units in Q1FY2
Slide 24: Engineering Business
Engineering BUSINESS SB SIX Raymon 23
Slide 25: Raymond Engineering Business
Raymond Engineering Business 1 Steel Files and Tools & Hardware Engineering 2 Auto and EV Component Business has 3 Verticles 3 Aerospace & Defense One of India’s Largest Supplier of High Precision, Mission-Critical Components to Global Aerospace & Defense OEMs 24
Slide 26: Engineering Business
Engineering Business Particulars Q1 Q1 % Var. (₹Cr.) FY25 FY24 Net Sales 419 209 100% EBITDA 55 29 91% EBITDA margin 13.2% 13.8% 1. The segment witnessed a growth of 100% in Q1F25 vs PY: • Performance includes MPPL business, Acquisition completed in March 24. • Current engineering business was suppo
Slide 27: Current Status & Outlook
Current Status & OUTLOOK SB SIX Raymon 26
Slide 28: Current Status of Operations & Outlook
Current Status of Operations & Outlook 1 REAL-ESTATE BUSINESS 2 BUILD A SCALABLE ENGINEERING BUSINESS • Residential real estate continues to • Drive strong growth from sunrise demonstrate sustained demand sectors of Aerospace, Defense • Future expansion through a capital-light and EV Components Busi
Slide 29: Chairman & Managing Director on Q1FY25 performance
Chairman & Managing Director on Q1FY25 performance We are satisfied with our business performance in Q1 FY25, which underscores the strength and resilience of our business strategy. Our Real Estate business continues to expand its portfolio through the JDA route and we have been appointed as preferr
Slide 30: Management
MANAGEMENT SB SIX Raymon
Slide 31: Raymond Group Led by
Raymond Group Led by S.L. POKHARNA RAVI UPPAL Director Non-Executive Chairman Raymond Ltd. JK Files & Engineering Ltd & RPAL GAUTAM HARI SINGHANIA Ex – L&T, JSW Chairman & Managing Director Currently – CMD of Steel Infra Solutions P. Ltd Raymond Ltd. 30
Slide 32: Raymond Management Team
Raymond Management Team S.L. POKHARNA AMIT AGARWAL K.A. NARAYAN JATIN KHANNA Director Group CFO President – HR Head – Corporate Raymond Ltd. Ex- JSW, Jet Airways, Ex- Wockhardt Development Essar Group Ex- Max Financial Services SUNIL KATARIA HARMOHAN SAHNI GAUTAM MAINI ARVIND MATHUR CEO-Lifestyle CE
Slide 33: Raymond Lifestyle Ltd.
R AY M O N D L I F EST Y L E LT D. 32
Slide 34: Q1FY25 — Raymond Lifestyle Ltd - Business Results
Q1FY25 — Raymond Lifestyle Ltd - Business Results Post IndAS 116 Revenue EBITDA EBITDA % Q1 Q1 YoY Q1 Q1 Q1 Q1 Particulars (₹ Cr.) FY25 FY24 (%) FY25 FY24 FY25 FY24 Branded Textile 565 688 (18%) 56 118 9.8% 17.2% B2C Branded Apparel 303 304 0% 15 20 4.8% 6.4% Garmenting 252 239 5% 9 24 3.5% 9.8% B2B
Slide 35: Strategic Retail Network Expansion
Strategic Retail Network Expansion 1,539 1,518 1,512 1,407 424 409 380 311 EBO 45 44 46 42 MTM 1,070 1,065 1,086 1,054 TRS Jun'24 Mar'24 Dec'23 Jun'23 • Strategic expansion of our retail footprint. • Plans to add 200+ stores with the asset-light franchise model in next 18 months. TRS – The Raymond S
Slide 36: Disclaimer
Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not inte
Slide 37: Thank You
a gir Raymone [ THANK YOU sR