Renaissance Global Limited · NSE:RGL
Renaissance Global — Q1 FY25 Earnings Presentation
32 slides from Renaissance Global's earnings presentation, Aug 1, 2024
Slide 1: Results Presentation Q1 FY25
Results Presentation Q1 FY25 and many more…
Slide 2: 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 3: Content
Content Q1 FY25 Company Annexure Results Overview Overview 4 15 28 3
Slide 4: Q1 FY25 Results Overview
iO Renaissance Global Limited Q1 FY25 Results Overview
Slide 5: Q1 FY25 Financial Summary
Q1 FY25 Financial Summary Operational Revenue (Rs. Crore) EBITDA (Rs. Crore) EBITDA Margin (%) 7.8% 8.8% 5.9% 6.1% 473 445 37 39 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 PAT (Rs. Crore) EPS (Rs.) PAT Margin (%) 3.0% 3.4% 1.6 8.3% 1.5 7.9% 14.2 15.4 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 5
Slide 6: Management Message
Management Message Commenting on the performance for Q1 FY25, Mr. Sumit Shah – Chairman and Global CEO, Renaissance Global Limited said: "We have delivered a stable performance this quarter, marked by sustained improvements in our operating margins. Our consolidated EBITDA margin expanded by 100 bps
Slide 7: Growing D2C (Owned Brands)
Growing D2C (Owned Brands) India Business U.S. Owned Brands …Among others • IRASVA is a fine jewellery brand based in India. • It’s Inaugural store was launched in May 2019 in South • As a part of our endeavor to grow the D2C Mumbai . branded segment , we have over the years • Currently we have four
Slide 8: Licensed Brands offering
Licensed Brands offering We have a bouquet of licenses from global brands. We design, manufacture and distribute jewellery using these licenses through B2B channels as well as D2C through our own websites. Specialty Jewellery Stores B2B Big departmental stores Websites owned and managed by us D2C E
Slide 9: Q1 FY25 Operational Summary
Q1 FY25 Operational Summary Revenue Break-up Q1 Q1 Shift % Revenue Mix (%) (₹ Cr.) FY25 FY24 Our Brands (D2C) Licenced Brands Customer Brands Plain Gold 16% 15% 12% 11% Our Brands (D2C) 50.1 38.5 29.9% India (Irasva) 4.0 3.1 28.0% US owned Websites 46.1 35.4 30.1% 53% 57% 59% 63% Licensed Brands (B2
Slide 10: Q1 FY25: Financial & Operational Discussions (Y-o-Y)
Q1 FY25: Financial & Operational Discussions (Y-o-Y) Revenue Total income stood at Rs. 447 crore from Rs. 476 crore in Q1 FY24 Our Brands (D2C) business revenues grew by 30% to Rs. 50 crore Licensed brands business witnessed a modest decline of 8% as compared to Q1 FY24 Revenue share of studde
Slide 11: Leveraging the growing popularity of Lab Grown Diamonds in D2C
Strategically leveraging the growing popularity of Lab Grown Diamonds (LGD) in the D2C vertical 12M FY24 D2C 48% 52% Globally, LGDs have gained widespread traction, especially in the segments of engagement rings and solitaire jewellery LGD B2B 4% 96% Natural Diamond Currently, 55% of Renaissance
Slide 12: Strong Balance Sheet
Strong Balance Sheet Leverage Net Debt (Rs. Cr.) Equity (Rs. Cr.) Net debt/Equity (X) 0.52 0.29 0.30 0.28 0.31 0.22 0.22 699 924 1,149 1,177 843 1,026 1,070 364 242 280 223 233 322 370 FY20 FY21 FY22 FY23 As on 30th FY24 As on 30th Highly disciplined balance sheet June 2023 June 2024 approach Work
Slide 13: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Y-o-Y Y-o-Y Particulars (Rs. Crores) Q1 FY25 Q1 FY24 12M FY24 12M FY23 Change (%) Change (%) Revenues from Operations 444.8 473.2 -6.0% 2,107.1 2,236.6 -5.8% Other Income 2.5 3.1 -20.7% 9.8 6.1 60.8% Total Income 447.3 476.3 -6.1% 2,117.0 2,242.7 -5.6% COGS 286.7
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Crores) Jun-24 Jun-23 Particulars (In ₹ Crores) Jun-24 Jun-23 Shareholder's Funds 1,176.5 1,070.0 Non-Current Assets Equity Share Capital 19.2 18.9 Fixed Assets – Tangible & Intangible 261.6 258.3 Reserves & Surplus 1,157.5 1,051.3 CWIP & Intangibles unde
Slide 15: FY2025: Strategic Priorities
FY2025: Strategic Priorities Continued focus on enhancing contribution from D2C segment Integrate customization options across brands Expand omnichannel Presence Achieve historical margin range in the D2C business 15
Slide 16: Company Overview
iO Renaissance Global Limited Company Overview
Slide 17: Corporate Snapshot
Corporate Snapshot Global Jewellery Company focused on designing, manufacturing and distribution of branded jewellery 7 6 136 cr. Licensing Direct-to- Branded agreements with Consumer jewellery* global brands websites revenues in Q1 Strong presence in global markets of North FY25 America, Europe & A
Slide 18: Building a Global Branded Jewellery Business
Building a Global Branded Jewellery Business Revenue contribution from Branded Jewellery* segment in Studded Segment Association with globally-recognized brands 37% 33% 31% Increased presence in high-potential key global markets 25% Renaissance’s 21% Branded Jewellery Better pricing on the back of b
Slide 19: Branded Jewellery Business Model
Branded Jewellery Business Model Brands Click on the logo for the website link Design & Conceptualisation State-of-the-Art Manufacturing & Product Manufacturing Development Facilities Business-to- Business Direct-to- Distribution (B2B) (through retail Consumer (D2C) and jewellery store (through our
Slide 20: '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 21: Growing Portfolio of 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 22: Growing Portfolio of Brands
Growing Portfolio of Brands Owned Brands Launched first India-focused retail brand IRASVA in 2019 Operates 4 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 Building a
Slide 23: Establishing High-Potential D2C Division
Establishing High-Potential D2C Division Launch Timeline Successfully developed February July November February May Dec and launched 6 online 2020 2020 2020 2021 2021 2023 stores Monthly visitors on websites grown 10x since Feb 2020 (UK) Segment enjoys higher margins and healthy working capita
Slide 24: 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 24
Slide 25: 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 26: ESG Initiatives
iO Renaissance Global Limited ESG Initiatives
Slide 27: 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 Renaissance Global Ltd. Social Welfare has been awarded the ISO Educational 14
Slide 28: Annexure
») Renaissance Global Limited Annexure
Slide 29: Market Snapshot
Market Snapshot Shareholding Pattern* Promoter & Promoter Group 67.5% Foreign Institutions (FPI, FII & 3.1% NRI) Individual - >1% 7.7% Others 21.8% *Holding as on 30th June 2024 Key Market Statistics As on 30 June-2024 (Adjusted for Split) BSE/NSE Ticker 532923/RGL CMP (Rs) 101.5 Market Cap (Rs Cror
Slide 30: Conference Call Details
Conference Call Details Q1FY25 Earnings Conference Call Time • 2:30 p.m. IST on Monday, August 14, 2024 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 22 6280
Slide 31: 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 32: Thank You
iO Renaissance Global Limited Thank You