Pearl Global Industries Limited · NSE:PGIL
Pearl Global Industries — H1 FY2015 Earnings Presentation
19 slides from Pearl Global Industries's earnings presentation, November 2014
Slide 1: Q2 & H1 FY15 Results Update
PEARL GLOBAL INDUSTRIES LTD Q2 & H1 FY15 RESULTS UPDATE November 2014
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and the following discussion may contain “forward looking statements” by Pearl Global Industries Limited (Pearl Global) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations,
Slide 3: Scheme of Arrangement Post De-Merger
SCHEME OF ARRANGEMENT POST DE-MERGER Pearl Global Industries Limited operates across three business streams – • Manufacturing • Marketing & Distribution • Sourcing of garments through subsidiaries Till recently, the Company operated (through its subsidiaries) with two distinct business segments: • M
Slide 4: Discussion Summary
DISCUSSION SUMMARY • Q2 & H1 FY15 RESULTS HIGHLIGHTS • ABOUT US • Q2 & H1 FY15 FINANCIALS
Slide 5: Q2 & H1 FY15 Results Highlights
Q2 & H1 FY15 RESULTS HIGHLIGHTS REVENUES EBITDA & EBITDA MARGIN % PAT & PAT MARGIN % 50.5% 4.4% 3.90% 46.1% 48.2% 3.2% 2.3% 1.60% 0.8% 4,456 173 152 94 2,380 106 70 2,076 54 57 67 16 Q1 FY15 Q2 FY15 H1 FY15 Q1 FY15 Q2 FY15 H1 FY15 Q1 FY15 Q2 FY15 H1 FY15 REVENUES Gross Margin % EBITDA EBITDA MARGIN
Slide 6: Balance Sheet Perspective
BALANCE SHEET PERSPECTIVE Key Balance sheet Ratios H1 FY15 Short Term Borrowing 1394.5 Long Term Borrowing 168.0 Total Debt 1562.5 Cash & Cash Equivalents 851.0 Net Debt 711.5 Net Debt : Equity 0.24 • Robust balance sheet with low leverage (Net D:E – 0.2x) and strong cash balance of 851 mn. • Curren
Slide 7: Discussion Summary
DISCUSSION SUMMARY • Q2 & H1 FY15 RESULT HIGHLIGHTS • ABOUT US • Q2 & H1 FY15 FINANCIALS
Slide 8: About Us: Company Overview
ABOUT US: COMPANY OVERVIEW • The erstwhile business of Pearl Global consisted of manufacturing, trading, marketing & distribution and exports of readymade garments. Business • The Company decided to segregate its global marketing, sourcing & distribution business from its Overview garment manufactur
Slide 9: About Us: Shareholding Structure
ABOUT US: SHAREHOLDING STRUCTURE Shareholding % Sep-14 Jun-14 Mar-14 Dec-13 Market Data As on 05.11.14 (BSE) Promoters 66.58% 66.58% 66.58% 66.58% Market capitalization (Rs Mn) 4,855 FII 4.32% 3.51% 2.78% 2.00% Price (Rs.) 224.1 DII 6.63% 6.63% 6.63% 6.63% No. of shares outstanding (Mn) 21.66 Public
Slide 10: Key Sustainable Advantage: Multi-Country Manufacturing Presence
KEY SUSTAINABLE ADVANTAGE: MULTI-COUNTRY MANUFACTURING PRESENCE LONG TERM PREFERRED VENDOR TO LEADING GLOBAL APPAREL BRANDS Global Manufacturing Facilities & Capabilities INDIA BANGLADESH INDONESIA • Core centre for cotton fabrics. • Core centre for knitwears. • Core for cotton & synthetic fabrics.
Slide 11: Key Sustainable Advantage: Vertically Integrated Manufacturing
KEY SUSTAINABLE ADVANTAGE: VERTICALLY INTEGRATED MANUFACTURING VERTICALLY INTEGRATED MANUFACTURING CAPACITY Total Capacity EFFECTIVE SUPPLY CHAIN MANAGEMENT Location Products Factories Machines Mn Pieces / Month • Strategic tie-ups with dyeing mills in Bangladesh. North India Woven Soft Sep 2 1,800
Slide 12: Key Sustainable Advantage: Approved Vendor to Global Brands
KEY SUSTAINABLE ADVANTAGE: APPROVED VENDOR TO GLOBAL BRANDS 12
Slide 13: Future Growth Opportunity – E-Retail Initiative SBUYS
FUTURE GROWTH OPPORTUNITY – E-RETAIL INITIATIVE “SBUYS” Pearl Global has forward integrated into online fashion apparel retailing under the brand “SBUYS” 13
Slide 14: Pearl Global – E-Retail Strategy
PEARL GLOBAL – E-RETAIL STRATEGY • Forward integration into online fashion apparel retailing under the brand Business Growth “SBUYS”. Opportunity • Online retailing is a high-growth space and offers strong potential to build a business model with healthy margin profile. • Leverage its strong knowled
Slide 15: SBUYS – Brand Visibility
SBUYS – BRAND VISIBILITY • Strategic Tie-Ups: Myntra, Snapdeal, Fashion and You and Hopscotch • Strategic Tie-Ups under process: Flipkart, Jabong, Amazon. 15
Slide 16: Discussion Summary
DISCUSSION SUMMARY • Q2 & H1 FY15 RESULT HIGHLIGHTS • ABOUT US • Q2 & H1 FY15 FINANCIALS
Slide 17: Q2 & H1 FY15 Results – Consolidated P&L Statement
Q1 & H1 FY15 RESULTS – CONSOLIDATED P&L STATEMENT The consolidated results are not comparable as the previous period numbers are not restated to reflect the demerger of company’s SDM business. Particulars in Rs Mn Q2 FY15 Q1 FY15 H1 FY15 Total Sales 2,076.0 2,380.1 4,456.1 Cost of Goods Sold 1,026.8
Slide 18: Q2 & H1 FY15 Results – Consolidated B/S Statement
Q2 & H1 FY15 RESULTS – CONSOLIDATED B/S STATEMENT Particulars in Rs Mn Sep-14 Particulars in Rs Mn Sep-14 Share Holders’ Funds: Non-current assets: Equity share capital 216.6 Fixed assets Tangible assets 1,969.6 Reserves and Surplus 2,805.5 Intangible assets 83.2 Total of Shareholder funds 3,022.1 T
Slide 19: Thank You
FOR ANY FURTHER QUERRIES PLEASE CONTACT - THANK YOU Mr. Raj Chawla Mr. Ammeet Sabarwal / Mr. Nilesh Dalvi Chief Finance Officer IR Consultant Pearl Global Industries Email – ammeet.sabarwal@dickensonir.com Email – rajkumar.chawla@pearlglobal.com nilesh.dalvi@dickensonir.com Contact No -+91 844759422
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