Renaissance Global Limited · NSE:RGL
Renaissance Global — Q3 FY20 Earnings Presentation
23 slides from Renaissance Global's earnings presentation, Feb 12, 2020
Slide 1: Outcome of the Board Meeting held on February 12, 2020
Ref. No.: RGL/S&L/2020/12 February 12, 2020 Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Sub: Outcome
Slide 2: Independent Auditors' Report (Standalone)
CHATURVEDI £23 SHAH i: Chartered Accountants Independent Auditors’ Report The Board of Directors Renaissance Global Limited (Formerly known as Renaissance Jewellery Limited) 1. We have reviewed the accompanying statement of unaudited Standalone Financial Results of Renaissance Global Limited (Former
Slide 3: Unaudited Standalone Financial Results, Quarter/Nine Months Ended December 31, 2019
RENAISSANCE GLOBAL LIMITED FORMELY RENAISSANCE JEWELLERY LIMITED REGD OFFICE : PLOT NOS. 36A & 37, SEEPZ-SEZ, ANDHERI (EAST), MUMBAI - 400 096 | CIN: L36911MH1989PLC054498 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS ENDED DECEMBER 31, 2019 (&in Lakhs) Quarter Ended Nine Mont
Slide 4: Notes to Standalone Financial Results
(e) RENAISSANCE GLOBAL LIMITED FORMELY RENAISSANCE JEWELLERY LIMITED REGD OFFICE : PLOT NOS. 36A & 37, SEEPZ-SEZ, ANDHERI (EAST), MUMBAI - 400 096 | CIN: L36911MH1989PLC054498 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS ENDED DECEMBER 31, 2019 NOTES: 1 The above Unaudited Fi
Slide 5: Independent Auditors' Review Report (Consolidated)
CHATURVEDI !" SHAH. Chartered Accountants Independent Auditors’ Review Report The Board of Directors Renaissance Global Limited (Formerly known as Renaissance Jewellery Limited) 1. We have reviewed the accompanying Statement of unaudited Consolidated Financial Results of Renaissance Global Limted (F
Slide 6: Independent Auditors' Review Report (Consolidated), continued
CHATURVEDI |) SHAH LLP Chartered Accountants un Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 and on the basis of unaudited financial results of subsidiaries as m
Slide 7: Unaudited Consolidated Financial Results, Quarter/Nine Months Ended December 31, 2019
RENAISSANCE GLOBAL LIMITED FORMELY RENAISSANCE JEWELLERY LIMITED REGD OFFICE : PLOT NOS. 36A & 37, SEEPZ-SEZ, ANDHERI (EAST), MUMBAI - 400 096 | CIN: L36911MH1989PLC054498 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS ENDED DECEMBER 31, 2019 (% In Lakhs) Quarter Ended Nine M
Slide 8: Unaudited Consolidated Financial Results (continued)
RENAISSANCE GLOBAL LIMITED FORMELY RENAISSANCE JEWELLERY LIMITED REGD OFFICE : PLOT NOS. 36A & 37, SEEPZ-SEZ, ANDHERI (EAST), MUMBAI - 400 096 | CIN: L36911MH1989PLC054498 UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS ENDED DECEMBER 31, 2019 (% In Lakhs) Quarter Ended Six Mo
Slide 9: Strong Cash Flow Generation: EBITDA grows 18%; PAT grows 17%
Strong Cash Flow Generation EBITDA grows 18%; PAT grows 17% Mumbai, February 12, 2020: Renaissance Global Limited (RGL), India’s largest exporter of branded jewellery and supplier of licensed brands to leading global retailers, reported its unaudited and reviewed results for the quarter and nine mon
Slide 10: Verigold China contract to launch Enchanted Disney Fine Jewelry
Verigold China has just signed a contract to launch Enchanted Disney Fine Jewelry with Lao Feng Xiang, the second largest retailer in China with 3,700 stores and annual revenues more than $ 6.5 billion. Commenting on the signing Mr. Sumit Shah, Vice Chairman, Renaissance Global Limited says “With
Slide 11: Disclaimer
Disclaimer: This press release 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 12: Q3 FY20 Financial Overview
RENAISSANCE GLOBAL LIMITED Q3 FY20 FINANCIAL OVERVIEW 1
Slide 13: Highlights for 9M FY20
Highlights for 9M FY20 Renaissance Global Limited focused hard to improve its working capital and coupled with good operating earnings it managed to reduce debt this quarter Strong Cash flow generation and disciplined working capital management • Net Debt as of Dec 2019 was ₹ 3,736 mn. v/s Dec 2018
Slide 14: Highlights for 9M FY20: Strengthening the Balance Sheet
Highlights for 9M FY20 Strengthening the Balance Sheet Net Debt which was rising post the acquisition of Jay Gems has been brought under control due to a focused approach on working capital reduction • Net Debt to Equity ratio as of Dec 2019 was 0.51 v/s Dec 2018 Net Debt to Equity ratio of 0.74. Pa
Slide 15: Long Runway for Growth over 5 Years
Long Runway for growth over 5 years • This quarter saw many significant breakthroughs in our business and laid multiple blocks for future growth both in domestic and global markets • Verigold China has just signed a contract to launch Enchanted Disney Fine Jewelry with Lao Feng Xiang(LFX), the secon
Slide 16: Q3 FY20: Key Highlights
Q3 FY20 : Key Highlights Q3 FY20 vs. Q3 FY19 In ₹ Mn Total Income EBITDA & EBITDA Margin PAT & PAT Margin 8,953 695 8,309 589 4.5% 4.9% 7.8% 7.1% 439 376 8% 18% 17% Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 9M FY20 vs. 9M FY19 Total Income EBITDA & EBITDA Margin PAT & PAT Margin 7.1% 6.1% 3.8%
Slide 17: Slowdown in Gold Jewellery and move away from low margin business
Slowdown in Gold Jewellery and conscious decision to move away from low margin business contributing to low revenue growth In ₹ Mn Q3 FY20 Q3 FY19 YoY % 9M FY20 9M FY19 YoY% Studded 7,248 6,613 10% 15,516 13,839 12% Gold 1,683 1,692 0% 5,024 5,030 0% Total Revenue 8,931 8,305 8% 20,540 18,869 9% 18,
Slide 18: Q3 FY20: Segment Analysis
Q3 FY20 : Segment Analysis Q3 FY20 vs. Q3 FY19 Studded & Plain Gold Jewellery Geographical Mix Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 21% 19% 4% 11% 25% 24% 71% 65% 79% 81% Studded Jewellery Plain Gold Jewellery N. America Middle East Others 9M FY20 vs. 9M FY19 9M FY19 9M FY20 9M FY19 9M FY20 10% 27% 25% 1
Slide 19: Improving Debt-Equity Ratio due to better inventory management
Improving Debt-Equity Ratio due to better inventory management Leverage (₹ Mn) Working Capital Analysis 188 154 143 6,443 6,647 129 7,322 118 186 5,109 5,578 135 115 144 112 4,758 5,022 3,736 59 57 80 53 75 2,629 2,857 -65 -54 -78 -43 -44 FY17 FY18 Dec-18 FY19 Dec-19 FY17 FY18 Dec-18 FY19 Dec-19 Net
Slide 20: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Mn) Q3 FY20 Q3 FY19 YoY % 9M FY20 9M FY19 YoY % Revenue From Operations 8,931.4 8,305.2 7.5% 20,540.0 18,869.5 8.9% Other Income 21.9 3.8 29.4 9.8 Total Income 8,953.3 8,309.0 7.8% 20,569.3 18,879.3 8.9% COGS 7,348.0 6,777.9 8.4% 16,651.7 15,442
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Mn) Dec-19 Dec-18 Particulars (In ₹ Mn) Dec-19 Dec-18 Shareholder's Funds 7,322.2 6,443.0 Non-Current Assets Equity Share Capital 186.8 186.8 Fixed Assets – Tangible & Intangible 985.7 1,184.3 Reserves & Surplus 7,135.4 6,256.2 CWIP & Intangibles under de
Slide 22: 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 23: Thank You
RENAISSANCE GLOBAL LIMITED THANK YOU For any investor queries, reach out to Renaissance Global Limited Renaissance Global Limited DICKENSON SEAGULL IR Abhijit S. Karandikar G. M. Walavalkar Aakash Mehta Compliance Officer Email: Aakash.Mehta@dickensonir.com Manager – Investor Relations Mob: 098706 7