Timex Group India Limited · BSE:TIMEX
Timex Group India — Q3 FY2019 Earnings Presentation
29 slides from Timex Group India's earnings presentation, Feb 7, 2019
Slide 1: BSE Intimation: Investor Presentation for Q3 FY2019
TIMEX GROUP Timex Group India Limited First Floor, Tower B, Plot B-37 Sector 1, Naida, U.P. - 201301 INDIA CIN No. : L33301DL1988PLC033434 Tel. : +91 120 474 1300 Fax: +91 120 474 1440 Website: www.timexindia.com February 7, 2019 E-mail: feedback@timexindia.com Th e Sec retary BSE Ltd. P J Towers, R
Slide 2: Timex Group India Limited Investor Presentation Q3 FY19
Timex Group India Limited Investor Presentation Q3’ FY19
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements.
Slide 4: Founded in 1854 as the Waterbury Clock Company, Timex has 165 years of experience
Founded in 1854 as the Waterbury Clock Company, Timex has 165 years of experience in watchmaking. With a rich and varied history, Timex has established a tradition of producing quality, innovative pieces. Timex played an influential role in moving the watch from the pocket to the wrist and to this d
Slide 5: In the News
In the News Timex Group wins global licensing deal Timex Group strikes strategic to make watches for Ted Baker earl 1 partnership to boost US share of smart = s watches Timex Group Luxury Division announces global licensing agreement with Teslar BEAMS xTimex Celebrate 90 Years of Mickey Mouse With T
Slide 6: In the Media
In the Media TIMEX REALITY OR SCAM? HOWZZAT —FOR AN OFFER— RAAKUL PREET Hardwired to Hypno: + BORING? VERSUS] UM 20 Trips to London + 50 Apple iPads * 109 Silver Coins 5g Silver Coins » Flat 20% Discount + Flat 10% Discount ‘MuRRy! OFFER VALID TIL 5% Nov, 2018. TIMEXGROUP
Slide 7: About Us
About Us Timex Group India Limited is a group company of Timex Group B.V. Netherlands. Established 1854 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 t
Slide 8: Founded in 1854, 5,000 employees worldwide
Founded in 1854 Brands in India Timex Helix 5.000 employees In-house Salvatore Ferragamo worldwide design, Versace manufacturing, Versus assembly and Nautica Designs and manufactures innovative distribution timepieces that are sold in over 100 Additional Global Brands* countries around the world Gue
Slide 9: Over 20 Locations Globally
Over 20 Locations Globally Subsidiary Corporate & Business Unit Manufacturing Locations Locations / Offices Locations & Offices India USA Cebu UK Middlebury, Norwalk Pforzheim Canada Besancon Mexico INTERNATIONAL Hong Kong Italy Noida, Amsterdam, Paris, Shenzhen Poland Lugano, Zug, Milan Baddi China
Slide 10: Our Values
Our Values AUTHENTICITY & SUBSTANCE PERSONALITY STYLISTIC POINT OF VIEW TRUEWATCHMAKER INNOVATIVE INCLUSIVE CONFIDENT UNDERSTATED MINIMALIST 165 YEARS COUNTLESSFIRSTS UNPRETENTIOUS UNCONVENTIONAL, THOUGHTFUL, SOPHISTICATED TIMEXGROUP
Slide 11: A History Of Firsts
A History Of Firsts Launch event of Timex Data-link The 1970s saw our first digital watches, and we pioneered the first connected watch in the 90s. In 1992, we changed the way the world told time in the dark with our patented INDIGLO backlight.
Slide 12: Timex Group India Limited
Timex Group India Limited 1988 Joint venture between Timex Group and Jayna Times Industries Ltd. - 1990 1990 Joint Venture with Titan Company. JV ended in 2000. - 2000 30 Since Public Limited Company listed on Bombay Stock Exchange. YEARS IN INDIA 1994 2018 Since Subsidiary of Timex Group Luxury Wat
Slide 13: Board of Directors
Board of Directors David Thomas Payne Chairman INDEPENDENT DIRECTORS Experience: 22 years Qualification: B. Sc. (Computer Science) - University of Daya Dhaon Alabama & a Juris doctorate from Washington & Lee Independent Director University Experience: 60+ years Qualification: Graduate from Cambridge
Slide 14: Brand Portfolio In India
Brand Portfolio In India TIMEX VERSACE Sabrartove Fomagasa- HELIX VERSUS y) TIMEX VERSACE NAUTICA
Slide 15: Retail Network
Retail Network 5275 MBO Doors 287 Large Format Stores 1233 Defence Canteens 54 Timex World Showrooms 65 Luxury Retail Doors
Slide 16: 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 originates more than 500 watches each year for brands across the Timex Group including Timex, Helix, Nautica, Versace, Versus and Salvatore F
Slide 17: Manufacturing
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. Single shift operation. Installed Capacity : 10K/ day; currently
Slide 18: Service Network
Service Network 5 Authorized Service Workshops 16 Lead Authorized Service Centres 157 Authorized Service Centres A combination of 178 locations serve the 29 states of India. Supported by a customer care call centre service.
Slide 19: Exports
Exports Canada* Poland* USA* China* Nepal Bhutan KSA* Thailand* Mexico* Pakistan Bangladesh Philippines Vietnam* * Malaysia* Sri Lanka Singapore* Indonesia* * Via group company
Slide 20: Financial Performance Q3 FY'19
Financial Performance Q3 FY’19
Slide 21: Performance Highlights Q3 FY'19
Performance Highlights Q3 FY’19 • Revenue from operations registered a strong growth of 23% during the quarter and 18% during the 9 months period over last year. • EBIDTA Margin improved by 1.9% during the quarter over last year. • EBIDTA Margin at 2.9%, improved by 1.1% during the 9 months period o
Slide 22: Financial Performance: Current Fiscal
Financial Performance: Current Fiscal Growth: 22% Growth: 18% Total Income Total Income 6500 18500 18359 6228 6000 17500 Rs. in lakh Rs. in lakh 5500 5124 16500 5000 15540 15500 4500 4000 14500 Q3'2017 Q3'2018 9M'2017 9M'2018 550 533 3.5% -250 -2.0% EBIDTA Q3'2017 Q3'2018 500 3.0% EBIDTA % 450 2.9%
Slide 23: Annual Financial Performance: Total Income
Annual Financial Performance: Total Income CAGR: 14% 22000 21015 19995 20000 18000 17338 Rs. in lakh 16000 14243 14000 12367 12000 10000 2013-14 2014-15 2015-16 2016-17 2017-18 Note: GST Implemented from July 1, 2017 therefore revenue numbers are not strictly comparable to past.
Slide 24: Annual Financial Performance: EBITDA
Annual Financial Performance: EBITDA 1500 1129 1000 500 105 0 2013-14 2014-15 2015-16 2016-17 2017-18 -500 Rs. in lakh -292 -1000 -792 -1500 -2000 -2500 -3000 -2947 -3500
Slide 25: Annual Financial Performance: EBITDA %
Annual Financial Performance: EBITDA % 10.0% 5.4% 5.0% 0.5% 0.0% 2013-14 2014-15 2015-16 2016-17 2017-18 -5.0% -1.7% -5.6% -10.0% -15.0% -20.0% -23.8% -25.0% -30.0%
Slide 26: Annual Financial Performance: PBT
Annual Financial Performance: PBT 1000 752 500 0 2013-14 2014-15 2015-16 2016-17 2017-18 -500 -381 -1000 Rs. in lakh -927 -1098 -1500 -2000 -2500 -3000 -3500 -3298
Slide 27: Shareholding Pattern
Shareholding Pattern 31-Dec-15 31-Mar-16 30-Jun-16 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 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% 0.03% 0.03%
Slide 28: Market Capitalization
Market Capitalization 5 year CAGR: 40% 60000 55977 50778 50000 Timex Share Price vs Sensex 40000 43560 63 37000 30000 30184 59 36000 55 35000 20000 19181 51 34000 10000 10226 47 33000 01-Oct-18 22-Oct-18 12-Nov-18 03-Dec-18 24-Dec-18 0 2013-14 2014-15 2015-16 2016-17 2017-18 Dec-18 Timex Sensex Mark
Slide 29: Thank you
Thank you