Singer India Limited · NSE:SINGERIND
Singer India — Investor Presentation (August 2021)
16 slides from Singer India's investor presentation, August 2021
Slide 1: Singer India Limited Investor Presentation
SINGER INDIA LIMITED INVESTOR PRESENTATION
Slide 2: Company Profile
COMPANY PROFILE Singer Sewing Machine Company’ has been a pioneer in manufacturing and selling sewing machines for 170 years. Singer India Limited (SIL) has its manufacturing facilities in Jammu in the state of Jammu and Kashmir in India SIL has two major business segments – Sewing Products an
Slide 3: Company Profile - Shareholder Structure
COMPANY PROFILE Shareholder Structure² (Listed on BSE since 1982) Distribution Points¹ 13,500 Foreign investors / Others Number of employees¹ 372 0.7% Number of Shareholders¹ 13,741 Retail investors* 37.9% Retail Holdings (India) B.V. (Netherland) 59.0% Note: Institutions 2.4% 1. As at 31 March 2021
Slide 4: Key Indicators
KEY INDICATORS REVENUE EBIDTA NET INCOME US$56M / INR4.2BN US$2.8M / INR208M US$1.4M / INR106M Post-Covid Sharp Revenue Recovery in Q2, Q3 & Q4 Figures in INR Mn 875 Sales Mix 724 749 Appliances 36% 533 Sewing 434 products 334 344 64% 180 Q1,2021 Q2,2021 Q3,2021 Q4,2021 Note: Sew Appl 1. For 12 Mont
Slide 5: Key Growth Drivers
KEY GROWTH DRIVERS • Vast Market Size 1. Robust Economic Fundamental • Low Product Penetration • 150 Years in India 2. Strong Brand • Strong Brand Recognition • Sewing Products Focused Product Portfolio • Home Appliances • Over 13500 Sales Points 4. Extensive Distribution • Multiple Sales Channels •
Slide 6: Focused Product Portfolio - Sewing Products
FOCUSED PRODUCT PORTFOLIO - SEWING PRODUCTS Sewing Machine Industry in India is a niche industry with limited players present in organized market with market share of 42% (Branded Sector) / 24% entire market² Sewing machine unit sales Total number of households in India 250 million 5,90,777 units1 N
Slide 7: Focused Product Portfolio - Home Appliances
FOCUSED PRODUCT PORTFOLIO - HOME APPLIANCES Vast market potential – Current market share 1% to 2% for each product category² Air coolers Home Appliance Sales1 Units sales 1,137,500 Food processors Food Processors 21.0% Fans Geysers 17.8% Kettles Washing Machines 15.1% Geysers Fans 9.9% Induction coo
Slide 8: Extensive Distribution
EXTENSIVE DISTRIBUTION Wholesale Sewing- 2021 Channel Sales MIX -3680 dealer sales point Retail -400+ sewing 3% schools Institutional Wholesale Canteens /MFI/ Appliances- 9% Modern 8107 dealer trade sales point Extensive Wholesale distribution- 72% Internet over 13500 8% sales points Canteen (Police
Slide 9: Significant Revenue Growth INR (Million)
SIGNIFICANT REVENUE GROWTH INR (MILLION) 6,000 Sewing products Home appliances 5,000 4,000 3,000 2,000 1,000 2015 2016 2017 2018 2019 2020 2021 Note: 1. Revenue for 12 months ended 31 March 2021 2. The total revenue in FY 20-21 was impacted by the Covid pandemic lockdown in April- to mid May impacte
Slide 10: Profitability Ratios INR (Million)
PROFITABILITY RATIOS INR (MILLION) Gross profit Net profit 5% 1,200 25% 100 1,000 4% 20% 80 800 15% 3% 60 600 10% 2% 400 40 5% 1% 200 20 - 0% - 0% 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Gross Profit IRS million % of revenue Net Profit IRS million % of revenue Note: 1. For 12 months ended
Slide 11: Profitability Ratios INR (Million)
PROFITABILITY RATIOS INR (MILLION) 6,000 25.0% 5,000 20.0% 4,000 15.0% 3,000 10.0% 2,000 5.0% 1,000 - 0.0% 2017 2018 2019 2020 2021 Revenue Gross profit % EBITDTA % NET INCOME % Note: 1. For 12 months ended 31 March 2021 11
Slide 12: Analysis of Overheads as a % Revenue
ANAYLSIS OF OVERHEADS AS A % REVENUE 25% 20% 20% 20.7% 21.3% 20% 20% 15% 10% 5% 0% Notes: 1. Expense for 12 months period ended 31 March 2021 2. ‘Others’ comprises items such as product warranty costs and other sundry expenses 12
Slide 13: Financial Summary
FINANCIAL SUMMARY INR million (unless otherwise indicated) Income statement for 12 months ended March* 2021 2020 2019 2018 2017 Revenue 4,173 4,548 4,847 4,229 3,707 Revenue growth (%) -8.2% -6.2% 14.6% 14.1% 19.0% Operating profit 150 111 141 119 95 Operating profit growth (%) 34.9% -21.1% 18.2% 25
Slide 14: Regular Dividend Flow
REGULAR DIVIDEND FLOW Dividend yield % and dividend per share note 1 Dividend % of net profit Dividend yield % Dividend per share (INR) 50% 4% 2 40% 3% 30% 2% 1 20% 1% 10% 0% 0% 0 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 2019 2020 2021 Notes: 1. Based on the 12 months ended March share
Slide 15: Appendix 1 - Group Structure
APPENDIX -1 GROUP STRUCTURE UCL Asia Retail Gavin Walker Partners LLP Holdings NV (Singer Asia CEO) 54.1% 4.8% 41.1% 57.6% 2 Retail Holding (India) B.V. 59% 1 Singer India Limited Board of Directors Board of Directors Paresh Nath Sharma Deepak Sabharwal Rajeev Bajaj Gavin Walker Madhu Vij Kalliopi T
Slide 16: Thank You
THANK YOU