Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q4 FY2022 Earnings Presentation
28 slides from Relaxo Footwears's earnings presentation, May 13, 2022
Slide 1: Investor Presentation on Audited Financial Results - Cover Letter
May 13, 2022 National Stock Exchange of India Ltd. orporate Relationship Listing Department, epartment Exchange Plaza, st Floor New Trading Sandra Kurla Complex, otunda Building, P J Towers Sandra (East), Mumbai- 400 051 alal Street Fort, Mumbai-400001 Seri Code - RELAXO Sub: Investor Presentation o
Slide 2: March 2022 Investor Presentation
MARCH 2022 MAY, 2022 Classification: Internal 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Relaxo Footwears Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Index
Index Page No. 1. Performance at glance 4 2. Industry Overview 11 3. Company Overview 13 4. Financial Highlights 23 3 / 26
Slide 5: Performance at a Glance
Performance at a Glance Classification: Internal
Slide 6: Financial Highlights – Profit and Loss
Financial Highlights – Profit and Loss (`in Cr.) Revenue EBITDA EBIT 21.0% 17.3% 17.0% 15.7% 12.8% 12.3% Annual 495 408 2,653 409 416 309 326 2,410 2,359 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 21.8% 19.1% 13.3% 16.4% 16.4% 15.9% 13.4% 13.2% 12.7% Quarterly 8.8% 163 748 744 143 714 698 117 122
Slide 7: Financial Highlights – Profit and Loss (PBT, PAT)
Financial Highlights – Profit and Loss (`in Cr.) PBT PAT Cash PAT 16.6% 12.4% 17.5% 12.1% 11.7% 9.4% 8.8% 14.1% 13.0% Annual 292 413 391 226 233 341 346 292 311 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 18.4% 13.7% 17.9% 12.9% 12.6% 12.1% 9.6% 9.4% 9.0% 11.9% 13.6% 13.7% 12.6% 8.1% 6.2% Quarterly
Slide 8: Operating Highlights
Operating Highlights Number of Pairs Sold (in Cr.) Average Realization per pair (in `) Credit Rating Annual 19.1 150 133 122 17.9 17.5 Rating agency : ICRA FY20 FY21 FY22 FY20 FY21 FY22 Long term : AA Outlook : Positive 5.7 154 164 164 Short term : A1+ 4.6 Quarterly 4.2 4.5 4.2 129 117 Q4FY21 Q1FY22
Slide 9: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet (`in Cr.) Net Debt CAPEX Net Worth 17 1760 146 1572 1272 FY20 FY21 FY22 95 101 -156 -344 FY20 FY21 FY22 FY20 FY21 FY22 Capital Employed Cash generated from operations Net Debt/EBITDA (x) 1800 0.04 1595 602 1316 402 140 - - FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21
Slide 10: Financial Highlights – Key Financial Ratios
Financial Highlights – Key Financial Ratios Current Ratio (x) Debtor Turnover Ratio (x) Interest Coverage (x) 2.4 2.6 12.5 23.9 21.3 1.9 18.3 11.2 11.4 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 ROE (%) ROCE (%) Dividend ( `in Cr.) 28.0% 250% 250% 19.0% 20.5% 24.3% 125% 19.2% 14.0% 62 62 31 FY20 F
Slide 11: Financial Highlights – Key Financial Ratios
Financial Highlights – Key Financial Ratios Market Cap (`in Cr.) EV/EBITDA (x) PE Ratio (x) 26,544 64 114 21,773 14,869 44 75 36 66 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 Enterprise Value (`in Cr.) EPS (in `) Fixed Asset Turnover Ratio (x) 26,557 21,773 11.7 2.9 9.1 9.4 2.8 14,885 2.7 FY20 FY2
Slide 12: Industry Overview
Industry Overview Classification: Internal
Slide 13: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Strong growth potential of the Indian footwear industry Global Footwear Market Size# Indian Footwear Market Size* Per Capita Consumption (Pairs)^ Top 5 Global Footwear Consumers # (In US$ billion) (In Rs. billion) (Pairs) (in million pairs) 8.1 Chi
Slide 14: Company Overview
Company Overview Classification: Internal
Slide 15: Moving Forward, Gaining Momentum.
Moving Forward, Gaining Momentum. 8 Slide 14 of 26
Slide 16: Diversified portfolio with strong identities
Diversified portfolio with strong identities It’s In Me l Slide 15 of 26
Slide 17: Key Strengths
Key Strengths Corporate Governance Distribution Customer Network First Brand Equity Adaptability Product Manufacturing Innovation Excellence Slide 16 of 26
Slide 18: Efficient customer reach across channels
Efficient customer reach across channels www.relaxofootwear.com 60,000+ ~650 Retailers/MBOs Distributors 394 ~30 EBOs Countries Exported to 1 Overseas office in Dubai Online Avaliability Slide 17 of 26
Slide 19: Sustained manufacturing excellence, certification & innovation
Sustained manufacturing excellence, certification & innovation Strong in-house manufacturing capabilities Certifications & Membership • 8 manufacturing facilities with a capacity to produce ~10 Lac pair/day. • ISO 9001:2015 • Continuous focus on optimising operations • ISO 14001:2015 – Dedicated lin
Slide 20: Awards and Accolades
Awards and Accolades dun &bradstreet Amongst India's India’s Most Valuable Company-2019 Rank 220 Top 500 Companies Ps ae 2021 Rank 471 FROST & ETS500- SULLIVAN India's Top 500 India Manufacturing Company-2019 - Excellence Awards Rank 478 India's Top Mid Size 2013 Company-2019 Rank 11 =, WORLD CONGRE
Slide 21: Board of Directors
Board of Directors Ramesh Kumar Dua, Managing Director Mukand Lal Dua, Whole Time Director Over 46 years of experience in strategic, sales and marketing, production and new Over 49 years of experience in manufacturing excellence in footwear product development in footwear industry industry. Co
Slide 22: And a strong management team
And a strong management team Mr. Gaurav Dua, Mr. Ritesh Dua, Mr. Nitin Dua, Mr. Ashish Srivastava , Executive VP - Executive VP - Finance Executive VP - Retail VP – Human Resources Marketing MBA having over 21 years MBA having over 22 years MBA having over 18 years MBA having over 24 years of experi
Slide 23: Shareholding pattern
Shareholding pattern Shareholding as on 31st March, 2022 Total Shareholders – 310,079 309,918* Shareholder Information as on (19.1%) Promoter & Promoter Group 31st March, 2022 Mutual Funds BSE Ticker 530517 16* (6.9%) Foreign Portfolio Investors NSE Ticker RELAXO 12* (70.8%) Others Market Cap (`in C
Slide 24: Financial Highlights
Financial Highlights Classification: Internal
Slide 25: Statement of Profit & Loss
Statement of Profit & Loss Particulars (INR Cr.) Q4FY22 Q3FY22 Q4FY21 FY22 FY21 Revenue from Operations 698.19 743.52 747.68 2,653.27 2,359.15 Other Income 5.91 5.47 6.89 23.72 22.77 Total Income 704.10 748.99 754.57 2,676.99 2,381.92 Cost of Materials Consumed, including packing material 351.85 341
Slide 26: Notes
Notes 1. The above results were reviewed by the Audit Committee and have been approved by the Board of Directors at their meeting held on May 11, 2022. 2. Based on guiding principles given in Ind AS 108 "Operating Segments", the Company's business activity falls within a single operating segment nam
Slide 27: Balance Sheet
Balance Sheet EQUITY AND LIABILITIES (INR Cr.) FY22 FY21 ASSETS (INR Cr.) FY22 FY21 Equity Non-Current Assets Equity Share Capital 24.89 24.84 Property, Plant and Equipment 769.35 721.05 Other Equity 1,735.23 1,547.57 Capital Work-in-Progress 145.18 112.23 1,760.12 1,572.41 Intangible Assets 28.60 3
Slide 28: Thank You
Thank You LY AELAKO