Timex Group India Limited · BSE:TIMEX
Timex Group India — Q2 FY2019-20 Earnings Presentation
26 slides from Timex Group India's earnings presentation, Nov 1, 2019
Slide 1: Timex Group India Limited Investor Presentation Q2 FY 2019-20
Timex Group India Limited Investor Presentation Q2’FY 2019-20 1
Slide 2: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Past performance may not be indicative of future performance. We do not Timex’s future business prospects and business profitability, which are subject to a undertake to publicly update our forward-looking stateme
Slide 3: Watchmakers EST. 1854
Watchmakers EST. 1854 We are watchmakers, obsessed with innovative craftsmanship and thoughtful design. We democratized timekeeping, proving a great watch does not have to be expensive. There is nothing quite like a Timex. 3
Slide 4: About Timex Group
About Timex Group 165 years of innovation, tradition and market leadership Founded in 1854 5.000 Designs and manufactures In-house Brands in India employees innovative timepieces that design, Timex worldwide are sold in over manufacturing, Helix 100 countries assembly and TMX around the world distri
Slide 5: Timex Group
Timex Group Over 20 locations globally Subsidiary Locations Corporate & Business Unit | Locations & Offices Manufacturing | Locations & Offices India USA Cebu UK Middlebury, Norwalk Pforzheim Canada Besancon Mexico Hong Kong Italy INTERNATIONAL Shenzhen Poland Noida, Amsterdam, Paris, Baddi China Lu
Slide 6: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Timex Group B.V. Netherlands. Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting-edge design, we recognize the treme
Slide 7: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Pradeep Mukerjee | Independent Director Experience: 22 years Experience: 30+ years Qualification: B. Sc. (Computer Science) - University of Alabama Qualification: Masters in Personal Management & & a Juris doctorate from Washington & Lee Universi
Slide 8: Retail Network
TGIL Retail Network A wide network of sales doors enables TGIL to reach consumers at over 7000 touch points MBO Large Format Defence Timex World Luxury Retail Doors Stores Canteens Showrooms Doors 5616 281 1379 50 56 8
Slide 9: International Design Credentials
International Design Credentials Creative Director – Giorgio Galli At the creative epicentre of the Timex family in Milan, the Giorgio Galli Design Lab’s team creates watches for brands across the Timex Group including Timex, Helix, Nautica, Versace, Versus, Salvatore Ferragamo, and Ted Baker. Apart
Slide 10: Manufacturing
TGIL Manufacturing A state of the art OHSAS: 18001:2007 certified watch assembly unit in Baddi, Himachal Pradesh, India Land Area: 10,000 sq. meters; Built up area: 3,278 sq. meters. Assembly of watches from piece parts to complete watch. Currently handling over 50 types of watch – movements. Finish
Slide 11: Service Network
TGIL Service Network A combination of 227 locations and a customer care call centre service Authorized Lead Authorized Authorized Service Workshops Service Centres Service Centres 5 17 205 11
Slide 12: Exports
TGIL Exports Increasing Global Reach Canada* USA* China* Nepal Bangladesh Mexico* KSA* Pakistan Thailand* Philippines* Vietnam* Malaysia* Sri Lanka Singapore* Indonesia* Fiji Mauritius * Via group company 12
Slide 13: #HustleWithHelix all day, every day!
In the Media #HustleWithHelix all day, every day! Introducing the all new Helix Gusto, a sleek and sporty fitness band designed for those who continuously strive for more, go the extra mile and never stop hustling. 13
Slide 14: iConnect by Timex - Smartwatch
In the Media In the Media iConnect™ by Timex - Smartwatch Tracks more than just steps — it helps you monitor your heart rate, sleep and activity. You’ll never miss a thing: Make & receive calls, get texts and enable notifications on the touchscreen colour display. Stay connected while living your be
Slide 15: Ted Baker
In the Media Ted Baker is a global lifestyle brand offering menswear, womenswear, accessories and everything in between. A quintessentially British brand, Ted Baker is famed for its quirky yet commercial fashion offering, high quality design detailing and distinctive use of pattern and colour. 15
Slide 16: Ted Baker Watches Launch
In the Media Ted Baker Watches Launch The latest Ted Baker collection is designed and manufactured in conjunction with Timex Group. This recent partnership is aimed at expanding the brand’s retail watch offerings to cater to discerning Indian consumers. With a strong focus on the premium wristwatch
Slide 17: Financial Performance Q2 FY 2019-20
Financial Performance Q2’FY 2019-20 17
Slide 18: Financial Performance Q2 FY 2019-20
TGIL Financial Performance Q2’FY 2019-20 Slowdown in retail weighing heavily on this quarter’s result. Revenue grown by 12% during the quarter and by 8% during H1 over last year. EBIDTA de-grown by 44% during the quarter and de-grown by 55% during H1 over last year on account of higher marketing spe
Slide 19: Financial Performance – Current Quarter
TGIL Financial Performance – Current Quarter Q2’FY 2019-20 Growth: 12% Total Income Growth: 8% Total Income 7000 6936 13500 13144 13000 Rs. in lakhs Rs. in lakhs 6186 12500 6000 12131 12000 11500 5000 11000 Q2'2019 Q2'2020 H1'2019 H1'2020 900 7.0% 8.0% 500 8.0% EBIDTA EBIDTA 800 EBIDTA % 7.0% 450 6.
Slide 20: Annual Financial Performance – Total Income
TGIL Annual Financial Performance Total Income CAGR 14% 26000 24190 24000 22000 21015 19995 20000 Rs. in lakhs 18000 17338 16000 14243 14000 12000 10000 2014-15 2015-16 2016-17 2017-18 2018-19 Note: GST Implemented from July 1, 2017 therefore revenue numbers are not strictly comparable to past. 20
Slide 21: Annual Financial Performance – EBIDTA
TGIL Annual Financial Performance EBIDTA 1500 1129 1153 1000 500 Rs. in lakhs 105 0 2014-15 2015-16 2016-17 2017-18 2018-19 -292 -500 -792 -1000 21
Slide 22: Annual Financial Performance – EBIDTA %
TGIL Annual Financial Performance EBIDTA % 6.0% 5.4% 4.8% 4.0% 2.0% 0.5% 0.0% 2014-15 2015-16 2016-17 2017-18 2018-19 -2.0% -1.7% -4.0% -5.6% -6.0% 22
Slide 23: Annual Financial Performance – PBT
TGIL Annual Financial Performance PBT 1000 835 752 500 Rs. in lakhs 0 2014-15 2015-16 2016-17 2017-18 2018-19 -500 -381 -1000 -927 -1098 -1500 23
Slide 24: Shareholding Pattern
TGIL Shareholding Pattern 30-Sep-16 31-Dec-16 31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 Promoters 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% 74.93% Institutional Investors 0.03% 0.03% 0.11% 0
Slide 25: Market Capitalization
TGIL Market Capitalization 6 year CAGR: 24% Timex Share Price vs BSE Small Cap 45 14500 60,000 52,343 48,910 14000 50,000 42 40,430 40,000 13500 29,427 35,585 39 30,000 13000 20,000 17,444 36 9,691 12500 10,000 - 33 12000 Sept-13 Sept-14 Sept-15 Sept-16 Sept-17 Sept-18 Sept-19 01-Jul-19 22-Jul-19 12
Slide 26: TIMEX
TIMEX (65) NUS, 2012 WE DON’T STOP” BECAUSE YOU DON’T
Timex Group India — Q2 FY2019-20 Earnings Presentation on 6ix