Monte Carlo Fashions Ltd. · NSE:MONTECARLO
Monte Carlo Fashions — H1 FY22 Earnings Presentation
30 slides from Monte Carlo Fashions's earnings presentation, Nov 10, 2021
Slide 1: Cover letter to exchanges: Q2 & H1 FY22 Investor Presentation
MONTE CARLO CA eed PAN - AAFCM7888Q It's the way you make me feel TAN - JLDM04272C- aia CIN - L51494PB2008PLC032059 ~MONTE CARLO FASHIONS LIMITED “~S Regd. Office : B-XXIX-106, G.T. Road, Sherpur, Ludhiana - 141003 (Pb.) India. : Tel.: 91-161-5048610, 5048620, 5048630, 5048640 Fax : 91-161-5048650 >
Slide 2: Monte Carlo Fashions Limited Q2 & H1 FY22 Investor Presentation
MONTE CARLO FASHIONS LIMITED Q2 & H1 FY22 INVESTOR PRESENTATION
Slide 3: Discussion Summary
It’s the way you make me feel DISCUSSION SUMMARY # Page No 01 Financial Highlights 03 02 Company Overview 12 03 Investment Rationale 17 04 Annexure 26
Slide 4: Financial Highlights
MONTE CARLO 2 O01 FINANCIAL HIGHLIGHTS
Slide 5: Q2 & H1 FY22: Financial Highlights
Q2 & H1 FY22: FINANCIAL HIGHLIGHTS In Rs Mn Q2 FY22 REVENUES EBIDTA* & EBITDA MARGIN% PAT & CASH PAT & PAT MARGIN% Q1 FY22 22.1% 15.2% 14.2% 2,383 4.5% 527 430 339 982 150 132 44 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22 H1 FY22 REVENUES EBIDTA* & EBITDA MARGIN% PAT & CASH PAT & PAT MARGIN% 8.5% 2,8
Slide 6: Q2 FY22: Revenue Details
Q2 FY22: REVENUE DETAILS REVENUE BREAKUP– REGION WISE REVENUE BREAKUP – CHANNEL WISE (Including Online Sales) Q2 FY21: Rs 973 Mn Q2 FY22: Rs 2,503 Mn Q2 FY21: Rs 973 Mn Q2 FY22: Rs 2,503 Mn 5% 3% 7% 8% 7% 8% 2% 1% 8% 6% 25% 24% 48% 51% 51% 51% 34% 31% 7% 3% 11% 5% 2% 2% North South East West Central
Slide 7: H1 FY22: Revenue Details
H1 FY22: REVENUE DETAILS REVENUE BREAKUP– REGION WISE REVENUE BREAKUP – CHANNEL WISE (Including Online Sales) H1 FY21: Rs 1,057 Mn H1 FY22: Rs 2,954 Mn H1 FY21: Rs 1,057 Mn H1 FY22: Rs 2,954 Mn 5% 4% 2% 8% 7% 8% 1% 7% 5% 7% 49% 27% 24% 51% 53% 31% 52% 34% 6% 7% 4% 3% 3% 2% North South East West Cent
Slide 8: Q2 & H1 FY22: Revenue Analysis
Q2 & H1 FY22: REVENUE ANALYSIS REVENUE BREAKUP - SEGMENT WISE In Rs Mn Q2 FY21 Q2 FY22 H1 FY21 H1 FY22 FY20 FY21 Total Revenues* 973 2,503 1,057 2,954 Rs. 7,235 Rs. 6,126 Cotton Segment 43.9% 47.7% 47.3% 54.1% 59.1% 51.4% Woollen Segment 16.1% 22.7% 11.9% 16.5% 22.3% 27.7% Home Textiles 35.2% 22.8%
Slide 9: Diversified Portfolio
DIVERSIFIED PORTFOLIO SEGMENT COMPOSITION COTTON SEGMENT BIFURCATION – H1FY22 7.6% 9.1% 11.7% 14.3% 5.1% 5.3% 23.3% 6.9% 6.6% 13% 6.1% 61.0% 60.1% 13% 51.4% 47% 59.1% 54.1% 14% 27.7% 13% 26.3% 25.5% 22.3% 16.5% 2018 2019 2020 2021 H1 FY22 Tshirt & Shirt Denim & Trousers Jackets , coats & Suits Other
Slide 10: Q2 & H1 FY22: Profit and Loss Statement
Q2 & H1FY22: PROFIT AND LOSS STATEMENT Particulars (In Rs Mn) Q2 FY22 Q2 FY21 YoY% H1 FY22 H1 FY21 YoY% FY21 Revenue From Operations 2,383 982 143% 2,800 1,094 156% 6,220 Material Cost 1,172 389 201% 1,236 396 212% 3,310 Gross Margin 1,211 594 104% 1,564 698 124% 2910 Gross Margin % 50.8% 60.4% -960
Slide 11: Balance Sheet Highlight
BALANCE SHEET HIGHLIGHT Particulars (Rs. in Mn) Sep-21 Mar-21 Particulars (Rs. in Mn) Sep-21 Mar-21 Equities & Liabilities Non-Current Assets Equity Share Capital 207 Property, Plant and Equipment 1,561 1,493 207 Other Equity 5,834 Right of use assets 784 752 5,781 Capital Work in Progress 26 12 Tot
Slide 12: Financial Performance
FINANCIAL PERFORMANCE In Rs Mn CONSISTENT REVENUES EBITDA & EBITDA MARGIN 7,256 6,564 6,220 19.7% 18.6% 5,760 17.1% 5,231 14.8% 15.0% 1,132 1,244 1,156 983 776 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 EBITDA (mn) EBITDA Margin % PAT & PAT MARGIN LEVERAGE & RETURN RATIOS 11.8% 10.7% 8.4% 9.1
Slide 13: Company Overview
COMPANY OVERVIEW MONTE CARLO 12
Slide 14: Monte Carlo: India's First Organised Lifestyle Apparel Brand
MONTE CARLO: INDIA’s FIRST ORGANISED LIFESTYLE APPAREL BRAND Strong Pedigree Manufacturing Plants Leading Winter wear Brand, launched in 1984 2 Manufacturing Plant located in Ludhiana promoted by Sh. Jawahar Lal Oswal ,CMD, Oswal woollen Mills Ltd and Nahar Group Super Brand Diversified Product Port
Slide 15: Diversified Product Portfolio
DIVERSIFIED PRODUCT PORTFOLIO Range Home Kids Woollen Cotton Furnishing Sweaters, Pullovers MinkMink Monte Carlo thermals, Shirts, Shirts, trousers,trousers, blankets, blankets,bed bed Mid Premium / woollen accessories t-shirts, track-suits t-shirts, andand track-suits sheets sheets and - Premium (c
Slide 16: What Is Our Business Model
WHAT IS OUR BUSINESS MODEL May Aug January Feb -March April Till July Onwards BUSINESS CYCLE FOR WINTER SEASON SALES • Product development • Commissioned agents display the • The dealers and • Production of pre- • Dispatching of winter & Sampling process samples to dealers and distributors distribut
Slide 17: Distribution Model
DISTRIBUTION MODEL MBO and NCS Shop In Shop EBO-COCO EBO –FOFO Distributors MINIMUM GOODS RETURNED Distribution Pre-Booking of SOR – Sale or Pre-Booking of Pre-Booking of Inventory owned Sale Model orders Outright Return / orders Outright orders Outright by Company Sales Outright Sales Sales sale Go
Slide 18: Investment Rationale
03 Investment Rationale MONTE CARLO a. 17
Slide 19: Investment Rationale
INVESTMENT RATIONALE Strong brand Equity commanding good credit terms with suppliers Consistent rewards Extensive to Shareholders in distribution network form of dividend or with presence across buy back India Investment Rationale Continuous Strong financial technology and no major upgradation as ca
Slide 20: Strong Brand Equity
STRONG BRAND EQUITY … ❖ “Monte Carlo”, has Strong Brand Equity ❖ Being a Premium Brand, Monte Carlo enjoys Pricing Power & Customer Loyalty ❖ Regular Investment in Brand Building & Marketing Initiatives ASPIRE TO SERVICE END TO END WARDROBE REQUIREMENTS OF INDIAN CONSUMERS BY FURTHER INTRODUCING EXC
Slide 21: Having Pan India Presence
… HAVING PAN INDIA PRESENCE … DISTRIBUTION NETWORK J&K 6 Ladakh 1 STORE NETWORK Type of Store FY20 FY21 Q1 FY22 Q2 FY22 HP 11 Punjab 42 Chandigarh 3 Uttarakhand 7 EBO – COCO 37 42 45 48 Haryana 31 EBO – FOFO 241 256 251 259 Delhi 22 MBO and Distributors 2,500+ 1,777* 1,265* 1,411* UP 42 Rajasthan 31
Slide 22: Regular Technology Upgradation
… & REGULAR TECHNOLOGY UPGRADATION Whole Garment Machine Cotton Woollen • 30 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 the e
Slide 23: Geared to Reap PLI Benefits in Home Textiles
GEARED TO REAP PLI BENEFITS IN HOME TEXTILES • Budgetary Outlay of approx. Rs. 11,000 Crores to promote production of Production Linked Incentive (PLI) manmade fabrics, garments and technical textiles in India • Annual incentives for 5 years to large scale projects linked with turnover of identified
Slide 24: Led by Experienced Management
LED BY EXPERIENCED MANAGEMENT … Sh. Jawaharlal Oswal Sh. Sandeep Jain Sh. Rishabh Oswal Sh. Dinesh Gogna (Chairman & MD) (Executive Director) (Executive Director) (Director) • Sh. Jawahar Lal has More • Sh. Sandeep Jain has is has more • Rishabh Oswal is part of • Sh. Dinesh Gogna has more than 50 y
Slide 25: Resulting in Strong Financials
… RESULTING IN STRONG FINANCIALS HEALTHY ❖ Ability to sustain Robust growth without any RETURN RATIOS major capex; Return Ratios set to improve STRONG BALANCE ❖ Cash balance of Rs 1,978 Mn (includes cash and bank balance along with current and non-current SHEET POSITION investments) as of September
Slide 26: Consistent Reward to Shareholders
CONSISTENT REWARD TO SHAREHOLDERS Dividend% Buy Back 150 120 Buyback 100 100 50 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Company has done buy back of Rs. 550 Mn in FY19 to reward shareholders. Promoters have not participated in the buy back Strong Track Record and Proven Expertise to Generate Healt
Slide 27: Annexure
ANNEXURE MONTE CARLO a. 26
Slide 28: Branding Initiatives
BRANDING INITIATIVES Proven track record in building brands in India Clothing Partner for reality Shows like Big boss, Khatron ke Khiladi Clothing partner for the blockbuster Bollywood films Saaho, Barfi, Mary Kom, Bhaag Milkha Bhaag, and Student of the Year TIE-UPS WITH ONLINE PLATFORMS STRATEGIC T
Slide 29: CSR Activities
CSR ACTIVITIES WE BELIEVE IN “FULFILLING ASPIRATIONS AND TRANSFORMING LIVES “ The organization has worked towards the betterment of various schools & institution at Education Dhandari Kalan Government Primary school , Govt School (Magra Lulu),Brailee Bhawan Ludhiana by providing them operational & F
Slide 30: Thank You
THANK YOU Mr. Dinesh Gogna Director Ms. Pushpa Mani Senior Consultant Mr. Sandeep Jain Executive Director Mr. Chintan Mehta Director Mr. Rishabh Oswal Executive Director Email: monte.carlo@dickensonworld.com Email: investor@montecarlocorporate.com Disclaimer: This presentation and the following disc