S.p. Apparels Ltd. · NSE:SPAL
S.p. Apparels — Q3 FY2022 Earnings Presentation
30 slides from S.p. Apparels's earnings presentation, Feb 12, 2022
Slide 1: Filing cover letter to stock exchanges
S.PAPPARELSLTD. 065 SEI UKAS Regd. Office 39-A, Extension Street. Kaıkattıpudur, AVINASHI 61 654, Tamil Nadu., India. - Phone +91-4296-714000 E-mail spindiau s-p-apparels.com . Web www.s-p-apparels.com CIN No.: L18101TZ2005PLC012295 12" February, 2022 The Listing Department The Listing Department BS
Slide 2: Investor Presentation Q3 & 9M FY22 Results Update
Investor Presentation Q3 & 9M FY22 Results Update February 2022
Slide 3: Contents
Contents Q3 & 9M FY22 Results Update Company Overview Financial Overview & Shareholding Structure
Slide 4: Disclaimer
Disclaimer 3 This presentation and the following discussion may contain “forward looking statements” by S.P. Apparels Limited (“SPAL” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial
Slide 5: Q3 & 9M FY22 Results Update
BH t S.P.APPARELS LTD. Q3 & 9M FY22 Results Update
Slide 6: 9M FY22 - Key Highlights
9M FY22 - Key Highlights 5 33% YoY 32% YoY 37% YoY Growth in Total Revenue1 Growth in Gross Profit Growth in Adj. EBITDA PAT stands at 82% YoY 31% 266 bps Growth in Profit after Tax Decrease in Finance Cost Rs.594 mn Expansion in PAT Margin Net Debt 40% YoY 35.3 mn reduced by 19% YoY, stands at Rs.2
Slide 7: Q3 FY22 Result - Key Highlights
Q3 FY22 Result - Key Highlights 6 In Rs Mn REVENUES 1 Adj. EBITDA & EBITDA MARGIN 2 PBT* & PBT MARGIN 3 PAT & PAT MARGIN 3 2,544.1 18.4% 16.2% 12.5% 11.9% 9.3% 9.7% 412.8 391.2 20% 302.3 6% 266.2 246.4 2,123.7 14% 196.5 25% Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Notes: 1. To
Slide 8: 9M FY22 Result - Key Highlights
9M FY22 Result - Key Highlights 7 In Rs Mn REVENUES 1 Adj. EBITDA & EBITDA MARGIN 2 PBT* & PBT MARGIN 3 PAT & PAT MARGIN 3 6,090.8 17.0% 17.6% 4,594.9 12.8% 1,070.9 9.6% 9.8% 7.1% 33% 780.8 782.1 37% 594.4 439.5 80% 82% 326.2 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22 9M FY21 9M FY22 Notes: 1.
Slide 9: Q3 FY22 – Division Wise Analysis
Q3 FY22 – Division Wise Analysis 8 In Rs Mn Q3 FY22 YoY ANALYSIS – TOTAL REVENUE BREAKUP 1 DIVISION REVENUES SHARE Q3 FY21 Q3 FY22 2,544.1 Garment Exports 82.9% 88.0% 13% 129.3 2,123.7 176.0 SPUK 10.1% 6.9% 149.1 213.5 Retail 7.0% 5.1% 18% 2,238.8 Adj. EBITDA MARGIN % 2 Q3 FY21 Q3 FY22 1,761.1 27% G
Slide 10: 9M FY22 - Division Wise Analysis
9M FY22 - Division Wise Analysis 9 In Rs Mn 9M FY22 YoY ANALYSIS – TOTAL REVENUE BREAKUP 1 DIVISION REVENUES SHARE 9M FY21 9M FY22 6,090.8 Garment Exports 81.3% 85.9% 2% 319.6 541.1 SPUK 11.9% 8.9% 4,594.9 312.5 Retail 6.8% 5.2% 1% 548.6 5,230.1 Adj. EBITDA MARGIN % 2 9M FY21 9M FY22 40% 3,733.8 Gar
Slide 11: 9M FY22 - Key Analysis
9M FY22 - Key Analysis 10 9M FY22 total revenues1 increased by 33% YoY to Rs 6,091 mn 9M FY22 Adj. EBITDA2 stands at Rs.1,071 mn. up by 37% YoY. Adj. EBITDA margins stood at 17.6% ❖ Revenues grew by 40% on a YoY basis in Garment Exports division ❖ Higher EBITDA was primarily due to the benefit of op
Slide 12: Q3 & 9M FY22 Result - Consolidated Profit & Loss Statement
Q3 & 9M FY22 Result - Consolidated Profit & Loss Statement 11 Particulars (In Rs Mn) Q3 FY22 Q3 FY21 YoY % 9M FY22 9M FY21 YoY % Revenue from Operations 2,503.1 2,095.4 19.5% 6,055.3 4,606.9 31.4% Gain on account of Foreign Currency Fluctuations 41.0 28.3 44.6% 35.5 -12.0 - Total Revenues 2,544.1 2,
Slide 13: Consolidated Balance Sheet
Q2 & H1 FY22 - Consolidated Balance Sheet 12 Particulars (Rs Million) Mar-21 Sep-21 Particulars (Rs Million) Mar-21 Sep-21 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 256.9 256.9 a. Property, Plant and Equipment 4,007.6 3,959.0 Other Equity 5,326.9 5,626.5 b. C
Slide 14: Company Overview
Company Overview ' S.P.APPARELS LTD.
Slide 15: Brief Profile
Brief Profile 14 BUSINESS OVERVIEW KEY STRENGTHS FINANCIAL OVERVIEW * ❖ SPAL is one of the leading manufacturers ❖ SPAL is a specialized player in the highly ❖ Reported Consolidated Revenues, EBITDA and exporters of knitted garments for challenging infant & children wear knitted and PAT were Rs 6,52
Slide 16: Our Evolution
Our Evolution 15 2016 ▪ Listed on BSE / NSE ▪ Repayment of Loans to reduce leverage 2004 2008-13 Set-up of flagship factory at Avinashi Streamlining of operations to integrate 2017-21 2005 the factories, increase efficiencies and ▪ Integration / expansion of Commissioned dying plant at increase back
Slide 17: Leading Exporter of Infant & Children Wear in India
Leading Exporter of Infant & Children Wear in India 16 SPAL IS A SPECIALIZED PLAYER IN THE HIGHLY CHALLENGING INFANT & CHILDREN WEAR KNITTED GARMENT INDUSTRY INDUSTRY’S UNIQUE CHALLENGES SPAL’S CORE COMPETENCIES ❖ Labour intensive operations. ❖ Demonstrated manufacturing excellence for ❖ Employee tr
Slide 18: WHY SPAL?
Preferred Vendor To Reputed International Brands 17 Strong Pedigree Leading children wear manufacturer under the leadership of Mr. Sundararajan, CMD with more than 35 years of experience in apparel industry SPAL IS THE PREFERRED VENDOR FOR KNITTED GARMENTS FOR INFANTS AND CHILDREN TO REPUTED INTERNA
Slide 19: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 18 SPINNING KNITTING DYEING
Slide 20: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 19 AUTOMATED CUTTING PRINTING EMBROIDERY
Slide 21: Strategically Located & Integrated Manufacturing Facilities
Strategically Located & Integrated Manufacturing Facilities 20 SEMI-AUTOMATED AUTOMATED SEWING INVENTORY SEWING ASSEMBLY LINE MANAGEMENT
Slide 22: Strong In-house Design Expertise
Strong In-house Design Expertise 21 STRONG DESIGN IS SPAL’S CORE COMPETENCY ❖ SPAL’s core competency lies in understanding latest fashion and trends to suit the customers buying preferences. ❖ Dedicated in-house design and merchandising team of designers located at our Corporate Office in India and
Slide 23: Stringent Quality Controls & Compliance
Stringent Quality Controls & Compliance 22 ACCREDITATIONS AND AWARDS FOR OUR MANUFACTURING FACILITY/ABILITY Received laboratory accreditation ISO/IEC 17025:2005 by the National Accreditation Board for Testing and Calibration Authorities, Department ❖ Strong adherence to the highest standards of qual
Slide 24: Qualified Management with Deep Understanding of Apparel Sector
Qualified Management with Deep Understanding of Apparel Sector 23 ` Mr P. Sundararajan Ms S. Latha Mr S. Chenduran Chairman and Managing Director Executive Director Director • Six years of experience in the textile and • Founder director of SPAL with 35 years of Founder director of SPAL with 28 year
Slide 25: Board Of Directors - Wide Spectrum of Experience
Board Of Directors - Wide Spectrum of Experience 24 Mr A.S. Anandkumar Mrs H .Lakshmi Priya Mr C. R. Rajagopal Mr V. Sakthivel Independent Director Independent Director Independent Director Independent Director • 47 years of experience in banking • 20+ years of experience in corporate • Core areas o
Slide 26: Financial Overview & Shareholding Structure
Financial Overview & Shareholding Structure
Slide 27: Financial Overview
Financial Overview 26 REVENUES Adj. EBITDA & EBITDA MARGIN PAT Before MI & PAT MARGIN 8.5% 9.1% 18.4% 7.2% 6.6% 8,264 8,090 16.4% 15.3% 16.4% 5.6% 6,330 6,624 6,523 10.8% 1,238 1,238 734 1,036 1,072 536 895 478 469 432 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 * Excl
Slide 28: Division-wise EBIDA Performance
Division-wise EBIDA Performance 27 GARMENT DIVISION 20.9% 21.0% 20.2% 17.6% 12.0% 6805.0 7026.4 5955.1 5733.7 5368.7 1244.4 1202.4 1194.4 842.6 1083.3 FY17 FY18 FY19 FY20 FY21 Garment Revenue Garment EBITDA Adj. EBITDA Margin (%) RETAIL DIVISION SPUK 5.6% 5.3% 3.6% 4.4% 3.5% 3.7% 2.1% 0.2% 768.1 817
Slide 29: Shareholding Structure
Shareholding Structure 28 SHAREHOLDING PATTERN – 4th February 2021 KEY SHAREHOLDERS – 4th February 2021 Non-Institutions 22.3% DSP Mutual Fund 6.95% Promoters 61.7% UTI Mutual Fund 4.12% ICICI Prudential Mutual Fund 3.46% Euro Asia Agencies Limited, Hong Kong 1.34% Institutions Dolly Khanna 1.00% 16
Slide 30: For Further Queries
Q3 FY22 Results Update For Further Queries: Mr. V. Balaji Company Overview Chief Financial Officer Email: balaji.v@spapparels.com Financial Overview & Shareholding Structure www.s-p-apparels.com Ms. Pushpa Mani /Mr. Chintan Mehta IR Consultant Email: s.p.apparels@dickensonworld.com Contact no: +91 9