Monte Carlo Fashions Ltd. · NSE:MONTECARLO
Monte Carlo Fashions — Q3 FY2023 Earnings Presentation
31 slides from Monte Carlo Fashions's earnings presentation, Feb 7, 2023
Slide 1: Monte Carlo Fashions filing cover letter: Q3FY23 Investor Presentation
MONTE CARLO 4X GSTN : 03AAFCM7888Q1ZK PAN - AAFCM7888Q It’s the way you make me feel TAN - JLDM04272C CIN - L51494PB2008PLC032059 MONTE CARLO FASHIONS LIMITED Regd. Office : B-XXIX-106, G.T. Road, Sherpur, Ludhiana - 141003 (Pb.) India. Tel.: 91-161-5048610, 5048620, 5048630, 5048640 Fax : 91-161-50
Slide 2: Investor Presentation Q3FY23 & 9M FY23
Investor Presentation Q3FY23 & 9M FY23 Monte Carlo Fashions Limited
Slide 3: Discussion Summary
Discussion Summary 01 Financial Highlights ……………03 02 Company Overview ……………14 03 Investment Rationale …………..20 04 Annexure ……………………… 27
Slide 4: Financial Highlights
01 Financial Highlights Investor Presentation Q3FY23 & 9MFY23 3
Slide 5: 9M FY23 Performance at a Glance
9M • Revenue for 9MFY23 stood at ₹ 8,810 Mn up by 19% YoY. The Company reported its good sales for 9M on the back of strong brand positioning, quality products aided by normalised FY23: Q1 FY22 macro environment. • Reported an Operating EBITDA of ₹ 1,854 Mn for 9MFY23 up by 18% YoY and EBITDA Perfor
Slide 6: Q3 & 9M FY23: Financial Highlights
Q3 FY23 In ₹ Mn REVENUES EBIDTA* & EBITDA MARGIN% PAT , CASH PAT & PAT MARGIN% 1,301 1,137 964 877 863 5,195 775 Q3 & 9M 4,619 24.6% 25.0% 16.80% 16.60% FY23: Financial Q3 FY22 Q3 FY23 Q3 FY22 EBITDA Q3 FY23 EBITDA Margin % Q3 FY22 PAT Q3 FY23 Cash PAT Highlights Pat Margin % 9M FY23 REVENUES EBIDTA
Slide 7: Q3 FY23: Revenue Details
Q3 REVENUE BREAKUP– REGION WISE (Including Online Sales) Q3 FY22: Rs 4,591 Mn Q3 FY23: Rs 5,395 Mn REVENUE BREAKUP – CHANNEL WISE Q3 FY22: Rs 4,591 Mn Q3 FY23: Rs 5,395 Mn FY23: 5% 5% 4%5% 6% Revenue 10% 10% 4% 5% 5% 42% 39% Details 52% 53% 31% 33% 26% 25% 2% 2% 6% 12% 7% 11% North South East West C
Slide 8: 9M FY23: Revenue Details
9M REVENUE BREAKUP– REGION WISE (Including Online Sales) 9M FY22: Rs 7,545 Mn 9M FY23: Rs 9,219 Mn REVENUE BREAKUP – CHANNEL WISE 9M FY22: Rs 7,545 Mn 9M FY23: Rs 9,219 Mn FY23: 7% 4% 7% 4%5% Revenue 8% 9% 4% 3% 5% 46% 44% Details 52% 28% 32% 54% 25% 28% 2% 3% 5% 7% 8% 10% North South East West Cent
Slide 9: Q3FY23 & 9MFY23: Revenue Analysis
Q3FY23 In ₹ Mn Q3 FY22 REVENUE BREAKUP - SEGMENT WISE Q3 FY23 9M FY22 9M FY23 FY22 & 9MFY23: Total Revenues* 4,591 5,395 7,545 9,219 9,239 Revenue Cotton Segment 47.8% 47.9% 50.3% 51.5% 54.7% Analysis Woollen Segment 33.1% 34.3% 26.6% 26.8% 24.0% Home Textiles 10.5% 9.9% 15.5% 14.3% 13.7% Kids 8.6%
Slide 10: Diversified Portfolio
Diversified SEGMENT COMPOSITION COTTON SEGMENT BIFURCATION – 9M FY23 9.1% 11.7% Portfolio 14.3% 13.8% 14.3% 5.3% 6.9% 6.6% 7.6% 7.4% 10% 18% 36% 60.1% 59.1% 51.4% 54.7% 51.5% 28% 8% 25.5% 27.7% 24.0% 26.8% 22.3% Tshirt & Shirt Denim & Trousers Jackets , coats & Suits 2019 2020 2021 2022 9MFY23 Wooll
Slide 11: Q3FY23 & 9MFY23: Profit and Loss Statement (Standalone)
Q3FY23 Particulars (In ₹ Mn) Revenue From Operations Q3 FY23 5195 Q3 FY22 4619 YoY% 12% 9M FY23 8810 9M FY22 7,419 YoY% 19% FY22 9043 & 9MFY23: Material Cost 2903 2678 8% 4494 3,914 15% 4677 Gross Margin 2292 1941 18% 4316 3505 23% 4366 Profit and Gross Margin % 44.1% 42.00% 212bps 49% 47.20% 179bps
Slide 12: Financial Performance
In ₹ Mn Financial CONSISTENT REVENUES EBITDA & EBITDA MARGIN 9,043 19.7% 18.6% 19.9% 17.1% Performance 7,256 15.0% 6,564 6,220 1,800 5,760 1,132 1,244 1,155 983 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA (mn) EBITDA Margin % PAT & PAT MARGIN LEVERAGE & RETURN RATIOS 12.6% 0.11 0.10 0.1
Slide 13: Q3FY23 & 9MFY23: Highlights
RECOGNITION FOR EXCELLENCE Q3FY23 & 9MFY23: Highlights Investor Presentation Q3FY23 & 9MFY23 12
Slide 14: 9M FY23 Advertising Campaigns
9M FY23 DIGITAL PRINT OTHERS Advertising Campaigns Investor Presentation Q3FY23 & 9MFY23 13
Slide 15: Company Overview
02 Company Overview Investor Presentation Q3FY23 & 9MFY23 14
Slide 16: Monte Carlo: Leading Winter wear Brand
Monte Strong Pedigree Manufacturing Plants Carlo: Leading Winter wear Brand, launched in 1984 2 Manufacturing Plant located in Ludhiana promoted by Sh. Jawahar Lal Oswal ,CMD, Oswal woolen Mills Ltd and Nahar Group INDIA’S First Super Brand Diversified Product Portfolio Recognized as Super brand for
Slide 17: Diversified Product Portfolio
Diversified TRENDY AND PREMIUM QUALITY APPROACH TO CLOTHING Range Woolen Cotton Home Furnishing Kids Product Monte Carlo Mid Premium / Sweaters, Pullovers thermals, woolen accessories Shirts, trousers, t-shirts, track-suits and Mink blankets, bed sheets and quilts - Premium (caps, mufflers, shawls,
Slide 18: Our Business Model
BUSINESS CYCLE FOR WINTER SEASON SALES January - Our October November December Till March February • Product development &• Commissioned agents display the • The dealers and distributors • Dispatching of winter Business Sampling process samples to dealers and of the MBOs place orders • Production of
Slide 19: Distribution Model
Distribution Model MINIMUM GOODS LOW COMMANDS PRICING ORDER TO CREDIT RISK PRODUCE MODEL RETURNED POWER MBO and NCS Shop In Shop EBO-COCO EBO –FOFO Distributors Distribution Sale Pre-Booking of orders SOR – Sale or Return / Pre-Booking of orders Inventory owned by Pre-Booking of orders Model Outrigh
Slide 20: Investment Rationale
03 Investment Rationale Investor Presentation Q3FY23 & 9MFY23 19
Slide 21: Investment Rationale
Investment Strong brand Equity commanding good Rationale credit terms with suppliers Consistent rewards Extensive to Shareholders in distribution form of dividend or network with buy back presence across Investment India Rationale Continuous Strong financial technology and no major upgradation as pe
Slide 22: Strong brand equity
Strong brand equity v Monte Carlo” has Strong Brand Equity v Being a Premium Brand, Monte Carlo enjoys Pricing Power & Customer Loyalty v Regular Investment in Brand Building & Marketing Initiatives Aspire to service end to end wardrobe requirements of Indian consumers by further introducing excitin
Slide 23: Our Pan-India Presence
Our J&K 5 Ladakh 1 DISTRIBUTION NETWORK STORE NETWORK Pan-India Punjab 46 HP 14 Chandigarh 4 Haryana 33 Uttarakhand 8 Type of Store EBO – COCO EBO – FOFO FY21 43 256 FY22 55 260 9MFY23 69 278 Presence Delhi 26 Rajasthan 36 UP 49 Assam 2 MBO and Distributors NCS 1,777* 622 2,108 740 2364 788 Bihar 41
Slide 24: Continuously upgrading our technology
Whole Garment Machine Cotton Woollen Continuously upgrading our technology § 35+ professionals closely tracking the trending global fashion § To meet the standards of technology upgradation and modernisation, Company has installed the automatic whole-garment state-of-art manufacturing facility, at t
Slide 25: Led by Experienced Management
Led by § Sh. Jawahar Lal has More than 51 years of experience in the textile and woollen industry Sh. Jawaharlal Oswal § Awarded the ‘Udyog Ratna Award’ by the PHD Chamber of Commerce and Industry, the ‘LMA-Sat Chairman & MD Paul Mittal Life Time Achievement Award’ by the Ludhiana Management Associa
Slide 26: Resulting in Strong Financials
Resulting in Strong Healthy Return Ratios Ability to sustain Robust growth without any major capex; Return Ratios set to improve Financials Strong Balance Sheet Position Cash balance of Rs 2,647 Mn (includes cash and bank balance along with current and non-current investments) as on 31st December 20
Slide 27: Consistent Reward to Shareholders
Strong Track Record and Proven Expertise to Generate Healthy, Predictable and Sustainable Returns Consistent Dividend% Reward to Buy Back 200% Shareholders 150% 120% Buy back 100% 50% FY17 FY18 FY19 FY20 FY21 FY22 Investor Presentation COMPANY HAS DONE BUY BACK OF RS. 550 MN IN FY19 TO REWARD SHAREH
Slide 28: Annexure
04 Annexure Investor Presentation Q3FY23 & 9MFY23 27
Slide 29: Branding Initiatives
Proven track record in building brands in India TIE-UPS WITH NATIONAL CHAIN STORES Clothing partner for the blockbuster Bollywood films Saaho, Barfi, Mary Kom, Bhaag Milkha Bhaag, and Student of the Year Branding Initiatives STRATEGIC TIE-UPS with Theatres, Air Lines & Digital Platforms TIE-UPS WITH
Slide 30: CSR Activities
CSR WE BELIEVE IN “FULFILLING ASPIRATIONS AND TRANSFORMING LIVES“ Activities The organization has worked towards the betterment of various schools & institution at Dhandari Kalan Government Primary school , Govt School (Magra Lulu), Brailee Bhawan Ludhiana by providing them operational & Financial s
Slide 31: Thank You
Thank You Ms. Kinneri Saha Mr. Dinesh Gogna Associate Director Director Mr. Chintan Mehta Mr. Sandeep Jain Director Executive Director Email: monte.carlo@dickensonworld.com Mr. Rishabh Oswal Executive Director Email: investor@montecarlocorporate.com Disclaimer: This presentation and the following di
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