Safari Industries (india) Limited · NSE:SAFARI
Safari Industries (india) — Investor Presentation (September 2024)
45 slides from Safari Industries (india)'s investor presentation, September 2024
Slide 1: Safari Industries (India) Limited Corporate Presentation
SAFARI INDUSTRIES (INDIA) LIMITED Corporate Presentation
Slide 2: Disclaimer
• This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell any securities of Safari Industries (India) Limited (the “Company”). This presentation should not be considered as a recommendation that any
Slide 3: Corporate Summary
CORPORATE SUMMARY Safari Industries (India) Limited ("Safari") was incorporated in 1980 and is engaged in the business of manufacturing and marketing luggage, backpacks and travel accessories. The Company has continued to grow ahead of the market led by a well-defined portfolio catering well to dive
Slide 4: Sharing Your Safaris Since 1974
SHARING YOUR SAFARIS SINCE 1974 Safari. What the Swahili call “journey”. Every journey brings with it new experiences. A potpourri of sights, sounds and colours that captivate your senses and make their way to your album of memories. It is these memories that have inspired our Safari bags. Vibrant c
Slide 5: Our Vision, Our Mission, Our Value
OUR VISION THE GOAL WE WORKED TOWARD. To be the most trusted luggage partner for people on the move. OUR MISSION THE OBJECTIVES THAT DRIVE US. Safari is committed to provide value-driven and quality products & solutions for all people on the move. OUR VALUE THE CORE OF OUR COMPANY. • SPEED - We know
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT
Slide 7: Corporate Snapshot
CORPORATE SNAPSHOT CUSTOMER TOUCHPOINTS TOTAL REVENUE 4,000 1,400 (2023- 24) CSD’s i.e. Canteen Stores Modern Trade Revenue of Safari has grown Dept, Govt supplies at a pace of 31% year on 3,400 year from INR 62 Cr in FY2012 to Multi Brand Outlets - INR 1,550 Cr 800+ MBO 1100+ IN FY2024 EMPLOYEES SK
Slide 8: 10 Years Highlights
10 YEARS HIGHLIGHTS REVENUE (in million) EBITDA (in million) PAT (in million) 1758 15,643 2914 1251 12,214 2063 6,868 7,132 5,790 729 272 307 224 536 632 215 429 77 98 3,598 4,227 3,313 116 186 232 43 2,169 2,789 -26 -209 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 15 FY 16 FY 17
Slide 9: Executive Summary
EXECUTIVE SUMMARY One of the fastest Products spanning Multi channel Experienced growing luggage across all luggage distribution network management team brand in india categories with 8800+ customer and Board of • CAGR of 31% from INR 62 Cr in • 900+ SKUs across Hard Luggage, touchpoints Directors F
Slide 10: Timeline of Key Events
TIMELINE OF KEY EVENTS FY 1974 - 2011 FY 12 & 13 FY 14 & 15 FY 16 & 17 FY 18 & 19 FY 20 & 21 FY 21 & 22 FY 23 & 24 • Launched in 1974. • Mr. Sudhir Jatia acquired • Foray into PC manufacturing • Acquisition of Genius, • SAP implementation • Listing on National Stock • 2nd Unit Commissioned Safari •
Slide 11: Share Performance
SHARE PERFORMANCE HISTORICAL STOCK PRICE MOVEMENT FOR FY 23-24 Performance in comparison with BSE Performance in comparison with NSE Nifty Sensex based on monthly closing price 50 based on monthly closing price: Performance Comparison with BSE Sensex Performance Comparison with Nifty 50 2,500.00 77,
Slide 12: Shareholding Pattern as on 31 March 2024
SHAREHOLDING PATTERN AS ON 31 MARCH 2024 ST 20% 46% 34% Promoter Institutions (Public) Non-Institutions (Public)
Slide 13: Attractive Industry Dynamics
Shift in consumer behavior with bags increasingly seen as a medium of personal expression, rather than a utilitarian product ATTRACTIVE More individual ownership of luggage, including children, instead of family sharing INDUSTRY Shorter frequent breaks instead longer annual holidays DYNAMICS Image c
Slide 14: Future-Ready Business Strategy
FUTURE-READY BUSINESS STRATEGY A future-ready marketing and business strategy geared up for exponential growth: Portfolio Ramp-up of Exclusive Focus on E-commerce premiumization Stores: and D2C (Direct to through: Multi-fold expansion in Consumer) high-growth - Urban Jungle brand to capitalize on sh
Slide 15: Consumer Segmentation
CONSUMER SEGMENTATION DEMOGRAPHY NEEDS PRICE SEGMENT • School children • Daily Use • Mass market • Teenagers • Leisure • Value customers Safari offers a • College Students • Business Travel • Premium customers comprehensive • Adults • Family Travel & diversified product portfolio basis the needs, pr
Slide 16: Segmented Brand Portfolio
SEGMENTED BRAND PORTFOLIO Having a consumer centric approach instead of a pricing centric approach has helped in establishing a portfolio of brands focused on specific target segments. Our product solutions are tailor made to serve the needs of each consumer segment. Our Flagship Brand with a Urban
Slide 17: Well-Diversified Product Portfolio
WELL-DIVERSIFIED PRODUCT PORTFOLIO Safari’s Offering All customer segments • School children • Teenagers/ Suitable for college students all occasions Laptop • Adults School Bags • Daily use Backpacks • Leisure Reaching • Work customers via • Business/ Family diversified Travel channels Hyper Markets
Slide 18: Focussed Product Category Strategy
FOCUSSED PRODUCT CATEGORY STRATEGY HARD LUGGAGE SCHOOL BAGS BACKPACKS SOFT LUGGAGE • Inherent strength of Safari, • Given the recent addition to • Fastest growing segment • Company to maintain Hard Luggage will continue product portfolio, growth is with special focus on youth- selective presence in
Slide 19: Consumer Centric Design and Innovation
CONSUMER CENTRIC DESIGN AND INNOVATION SHRILL BOOM BOX Safari believes that a strong RDFL with anti- Backpack with in- theft zipper – first built speaker for in India product portfolio that combines listening to music on-the-go consumer’s aesthetic aspirations and innovation driven by their HALOGEN V
Slide 20: Consumer-First Design Process
CONSUMER-FIRST DESIGN PROCESS Great product design is not an accident, but product of a great consumer-first process, driven by top-class talent: 1. CONSUMER RESEARCH – CONCEPT IDEATION – INNOVATION Putting the consumer insight process at the center of the development process ensures relevant innova
Slide 21: Branding & Marketing
Product, Design & Pricing • Focusing on thoughtful innovations and providing simple, doable design solutions to common problems • Creating a distinctive “Design Identity” • Investing in product communication at point of sale BRANDING & • Implementing “Focused Product Strategy” across each of the pro
Slide 22: Channel Strategy
CHANNEL STRATEGY Consciously crafted channel strategy involves balancing volume and value led growth with increasing touch points being the sole focus E-Commerce & D2C • Focus on building strong presence in existing Horizontal e-commerce platforms & D2C • Strong advertising investments on digital bo
Slide 23: Operational Value Chain
OPERATIONAL VALUE CHAIN A well controlled and capable value chain, capable of responding well to the changing market needs. Design Procurement & Manufacturing Branding & Distribution Outsourcing driven India sourcing/ Import model of finished products Soft luggage Mother Warehouse E-Commerce Started
Slide 24: Global Footprint
EUROPE Spain NORTH United ASIA Kingdom Nepal Brunei Kuwait AMERICA UAE Jordan Qatar Canada Saudi Arabia Russia Oman AFRICA Congo Mauritius AUSTRALIA Tanzania Fiji Uganda Papua New Guinea GLOBAL FOOTPRINT
Slide 25: Management Team & Corporate Governance
MANAGEMENT TEAM & CORPORATE GOVERNANCE
Slide 26: Board of Directors
BOARD OF DIRECTORS Mr. Sudhir Jatia Mr. Aseem Dhru Mrs. Vijaya Sampath (Chairman and Managing Director) (Non-Executive Independent Director) (Non-Executive Independent Director) • More than 3 decades year of experience in the • Bachelor’s degree in commerce from Gujarat • Over 30 years of work exper
Slide 27: Board of Directors
BOARD OF DIRECTORS Mr. Rahul Kanodia Mr. Sridhar Balakrishnan Mr. Sumeet Nagar (Non-Executive Independent Director) (Non-Executive Independent Director) (Non-Executive Non-Independent Director) • Over 30 years of professional experience and has • Post Graduate Diploma in Business Management • Over d
Slide 28: Board of Directors
BOARD OF DIRECTORS Mr. Piyush Goenka (Non-Executive Non-Independent Director) • Over 20 years of experience in PE investing and other financial services; • He is currently Founder and Managing Partner of Prath India Advisors LLP, an early stage consumer Fund. Prath is a INR 225 cr consumer focused f
Slide 29: Committees
COMMITTEES AUDIT COMMITTEE NOMINATION, REMUNERATION & COMPENSATION COMMITTEE Name of the Position on Nature of Name of the Position on Nature of Director Committee Directorship Director Committee Directorship Mr. Aseem Dhru Chairman Independent Mrs. Vijaya Sampath Chairperson Independent Mr. Sumeet
Slide 30: Committees, Statutory and Internal Auditor, Bankers
COMMITTEES CORPORATE SOCIAL RESPONSIBILITY COMMITTEE RISK MANAGEMENT COMMITTEE Name of the Position on Nature of Name of the Position on Nature of Director Committee Directorship Director Committee Directorship Mr. Sudhir Jatia Chairman Executive Mr. Sudhir Jatia Chairman Executive Mr. Piyush Goenka
Slide 31: Organization Chart
ORGANIZATION CHART CHAIRMAN & MANAGING DIRECTOR Chief Marketing Officer Executive Assistant to CMD Marketing D2C Marketplace Design & Development VP – Trade, VP - SCM Chief Human Chief Financial Sr. VP - CSD Retail, VP – Modern VP - Quality & Resource VP – Manufacturing Sales International Trade CRM
Slide 32: Management Team
LEADERSHIP TEAM MANAGEMENT TEAM Sudhir Jatia, Chairman & Managing Director • Studied commerce from Mumbai University • Attended Owner/President Management Program of Harvard Business School • Acquired Safari Industries (India) Limited in the year 2011 and appointed as its Managing Director from 18th
Slide 33: Management Team
Parmod Aggarwal, VP – Modern Trade Sales • Arts graduate MANAGEMENT TEAM • 41 years experience with companies like VIP Industries Ltd etc. Paritosh Sinha, VP – Retail & Trade • PGDBM from School of Management Sciences, Varanasi • 24 years of experience with companies like Panacea Biotech Ltd., Berge
Slide 34: Management Team
Suhas Kshirsagar, VP - Quality & CRM • BE – Mechanical from Dr. Babasaheb Ambedkar Marathwada University MANAGEMENT TEAM • 29 years experience with companies like VIP Industries Ltd., Lear Corporation, ITC Ltd., Tata Johnson Controls, Nihilent Technologies Pvt Ltd., The Indian Card Clothing Co.Ltd.
Slide 35: Management Team
Niladri Mukherjee, AVP - Commercial MANAGEMENT TEAM • Commerce graduate with ICWAI Inter • 32 years of experience with companies like VIP Industries, Bajaj Electricals, Reliance Telecom etc. Ramchalam Krishnaswamy, AVP - Hyper Sales • Bcom from Mumbai University and MBA from Institute of Management
Slide 36: Management Team
Manoj Patel, GM – IT • B.Com from Mumbai University and MBA from Institute for Technology & Management. MANAGEMENT TEAM • 30 years of experience with companies like Anita Dongre Ltd., Windrose Lifestyle Pvt. Ltd., AL Maya Group, Infiniti Wholesale Pvt. Ltd., Globus Stores Pvt. Ltd., Zodiac Clothing
Slide 37: Financial Summary
FINANCIAL SUMMARY »
Slide 38: Financial Summary: Profit & Loss Statement
FINANCIAL SUMMARY PROFIT & LOSS STATEMENT (Consolidated) (Rs. In crores) Particulars FY 24 FY23 Revenue from operations 1550 1,212 Other income 14 9 Total Income 1,564 1,221 Cost of Goods Sold 818 697 Gross Margin 746 524 Gross Margin % 48% 43% Employee benefits expense 98 86 Other expense 357 232 E
Slide 39: Financial Summary: Balance Sheet
FINANCIAL SUMMARY BALANCE SHEET (Consolidated) (Rs. In crores) (Rs. In crores) Particulars FY24 FY23 Particulars FY24 FY23 A Assets B Equity and Liabilities Non-current assets Equity Property, plant and equipment 139 107 Equity share capital 10 5 Right-of-use asset 153 77 1 Other equity 813 421 Capi
Slide 40: ESG Initiatives
ESG Initiatives
Slide 41: Solar Rooftop
SOLAR ROOFTOP The Company has taken a commendable step towards sustainability and energy independence by installing a 1MW solar rooftop photovoltaic (PV) system at Halol
Slide 42: CSR Initiative
CSR Initiative
Slide 43: CSR Initiative
CSR Initiative Expenditures incurred by Accesslife Supporting Cancer Bravehearts www.safari.in 43
Slide 44: CSR Initiative
CSR Initiative Expenditures incurred by Avanti Fellows for coaching 44
Slide 45: Thank You
THANK YOU Website links: safari ~ URall JUNGLE
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