Gokaldas Exports Limited · NSE:GOKEX
Gokaldas Exports — Q1 FY2025 Earnings Presentation
23 slides from Gokaldas Exports's earnings presentation, August 2024
Slide 1: Integrate. Diversify. Grow.
GOKALDAS EXPORTS LIMITED Integrate. Diversify. Grow. 2024 Q1FY25 I N V E S TO R P R E S E N TAT I O N
Slide 2: Contents
CONTENTS CONTENTS 01 CONTENTS Q1FY25 HIGHLIGHTS 03 - 11 CONTENTS 02 GLOBAL CONTENTS A P PA R E L M A R K E T 12 - 17 CONTENTS 03 CONTENTS ABOUT GOKALDAS EXPORTS & ACHIEVEMENTS 18 - 23 CONTENTS CONTENTS
Slide 3: Q1FY25 Highlights
Q1FY25 Q 1 F Y 2 5 / / Highlights 04 MANAGEMENT COMMENTARY 05 FINANCIAL HIGHLIGHTS 08 SUMMARY OF CONSOLIDATED FINANCIALS 10 RATIO ANALYSIS 11 CAPEX TRACKER / / G O K A L D A S E X P O R T S L I M I T E D
Slide 4: Management Commentary and Outlook for FY25
Management Commentary and Outlook for FY25 “ Our acquisitions and expansions are not just steps forward but strides toward integrating, diversifying, and growing. This was the first quarter where the full results of We are making good progress towards our newly acquired entities were included. In in
Slide 5: Quarterly Highlights
Quarterly Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT (₹ CRORES) REVENUE ₹ 940 Cr. KEY PERFORMANCE METRICS Q1FY25 Q4FY24 Q1FY24 YOY QOQ TOTAL INCOME 939.7 818.0 522.2 79.9% 14.9% The revenue growth momentum could be sustained during the quarter, REVENUE FROM OPERATIONS 932.1 812.4 514
Slide 6: Contribution of Acquisitions
Contribution of Acquisitions 1 Q F Y 2 5 C O M PA N Y - W I S E C O N T R I B U T I O N (₹ CRORES) ACQUIRED KEY PERFORMANCE METRICS GEX Total ENTITIES 1 TOTAL INCOME 580.6 359.1 939.7 EBITDA 55.6 26.9 82.6 EBITDA MARGIN 9.6% 7.5% 8.8% ADJUSTED EBITDA 61.0 35.5 96.6 ADJUSTED EBITDA MARGIN 10.5% 9.9%
Slide 7: Financial Year Highlights
Financial Year Highlights ANALYSIS OF FINANCIAL POSITION (₹ CRORES) KEY PERFORMANCE METRICS 30-Jun-24 31-Mar-24 Change NET CURRENT ASSETS During the quarter, the company settled ₹ 155.3 Cr. as deferred NON-CURRENT ASSETS consideration payable towards acquisition of Matrix. The current ratio INVESTME
Slide 8: Financial Highlights
Financial Highlights SUMMARY OF CONSOLIDATED PROFIT & LOSS STATEMENT (₹ CRORES) K E Y P E R F O R M AN C E M E T R I C S FY20 FY21 FY22 FY23 FY24 YOY REVENUE FROM OPERATIONS 1,370.9 1,210.7 1,790.3 2,222.2 2,378.9 7.1% OTHER INCOME 16.3 12.2 10.7 25.0 30.1 20.2% TOTAL INCOME 1,387.2 1,222.9 1,801.0
Slide 9: Financial Highlights
Financial Highlights ANALYSIS OF FINANCIAL POSITION (₹ CRORES) K E Y P E R F O R M AN C E M E T R I C S FY20 FY21 FY22 FY23 FY24 YOY NON-CURRENT ASSETS INVESTMENT IN FIXED ASSETS 130.1 127.2 169.1 275.1 504.2 229.1 OTHER NON-CURRENT ASSETS 49.7 45.8 68.5 74.6 675.2 600.6 TOTAL NON-CURRENT ASSETS 179
Slide 10: Ratio Analysis
Ratio Analysis TOTAL INCOME EBITDA MARGIN NET DEBT / EQUITY ( ₹ CRORES) (IN %) (IN TIMES) 1QFY25 940 1QFY25 10.3% 1QFY25 0.09 FY24 2409 FY24 12.5% FY24 0.26 FY23 2247 FY23 13.2% FY23 -0.28 FY22 1801 FY22 12.0% FY22 0.05 FY21 1223 FY21 9.3% FY21 0.72 FY20 1387 FY20 7.4% FY20 0.94 Q1FY25 and FY24 excl
Slide 11: Continue to Invest in Machinery for Expansion and Upgradation
Continue to Invest in Machinery for Expansion and Upgradation CAPITAL EXPENDITURE (₹ CRORES) Y E AR M O D E R N I Z AT I O N N E W C AP AC I T Y AN D T O T AL AN D U P G R AD E S NEW PROJECTS FY23 28 97 135 FY24 39 104 143 1QFY25 17 16 33 9MFY25E 33 34 67 The company intends to exercise judicious co
Slide 12: Apparel Market Update
Apparel Q 1 F Y 2 5 / / Market Update 13 RETAIL MARKET OVERVIEW 14 APPAREL TRADE TRENDS 16 SUPPLY CHAIN TRENDS 17 CONCLUSION / / G O K A L D A S E X P O R T S L I M I T E D
Slide 13: US Retail Sales Continued to Remain Resilient in 2024
US Retail Sales Continued to Remain Resilient in 2024 R E TA I L S T O R E S A L E S C O N T I N U E S T O E X P E R I E N C E G R O W T H US CLOTHING RETAIL STORE SALES US E-COM CLOTHING SALES UK CLOTHING RETAIL STORE SALES PRICE V/S VOLUME CONTRIBUTION (IN US$ BN) (IN US$ BN) (IN GBP £ BN) (IN %)
Slide 14: US & EU Apparel Imports Decline Moderating
US & EU Apparel Imports Decline Moderating I N D I A N A P PA R E L E X P O R T S S H O W S I G N S O F R E C O V E RY US APPAREL IMPORTS EU-27 APPAREL IMPORTS UK APPAREL IMPORTS INDIA APPAREL EXPORTS (IN US$ BN) (IN EUR BN) (IN GBP £ BN) (IN US$ BN) 37% -16% -4%^ 24% -26% -14%# 1% 4.2% 22% -22% -6%
Slide 15: India Gaining Market Share in US & EU Markets
India Gaining Market Share in US & EU Markets S H A R E I N U K I S S TA B L E MAJOR EXPORTING COUNTRIES TO US MAJOR EXPORTING COUNTRIES TO EU -27 MAJOR APPAREL EXPORTS COUNTIRES TO UK (IN %) (IN %) (IN %) 29% 29% 28% 27% 29% 31% 37% 37% 5% 5% 5% 5% 5% 39% 39% 41% 5% 5% 4% 41% 5% 5% 5% 5% 5% 7% 5% 6
Slide 16: Supply Chain
Supply Chain I N P U T P R I C E S M O D E R AT E D COMMODITY PRICES REMAINED STABLE THE FREIGHT PRICES INCREASED BUT MIGHT COOL DOWN FROM HERE (IN%) (GLOBAL CONTAINER FREIGHT INDEX) 2.00 140.0 12000 120.0 10000 1.60 100.0 8000 1.20 80.0 6000 60.0 0.80 4000 40.0 0.40 20.0 2000 0.00 0.0 0 01-Aug-19 0
Slide 17: Significant Opportunity for India in Apparel Trade
Significant Opportunity for India in Apparel Trade LONG TERM OPPORTUNITIES NEAR-TERM CHALLENGES AND OPPORTUNITIES • US, EU, and China to drive apparel consumption in the coming decade. • The supply chain has been impacted by recent higher freight costs due to early peak season shipments and • China
Slide 18: About Gokaldas Exports and Achievements
About Q 1 F Y 2 5 / / Gokaldas Exports and Achievements 19 ABOUT GOKALDAS EXPORTS LTD 20 MANUFACTURING PROWESS 21 INTEGRATED VALUE CHAIN 22 INVESTMENT MERITS / / G O K A L D A S E X P O R T S L I M I T E D
Slide 19: We are One of the Most Respected Apparel Manufacturers in India
We are One of the Most Respected Apparel Manufacturers in India Gokaldas Exports Limited, a leading apparel manufacturer since 1979, designing, manufacturing, and exporting a diverse range of apparel products for all seasons. The Company exports to a number of the world's most prestigious fashion br
Slide 20: With Strong In-house Capabilities
With Strong In-house Capabilities Worldclass I n - h o u s e Te s t i n g L a b Robust Product Polyfill manufacturing Design Studio with Accredited by leading D e v e l o p me n t a n d u s i n g l a t e s t t e c h no l o g y 3D capability brands Sampling set-up Q u i l t i n g w i t h a c a p a ci
Slide 21: Integrated Value Chain
Integrated Value Chain Over the years, we have FINISHING enhanced our capabilities DESIGN AND LOGISTICS to include a vast array of processes within our manufacturing set-up. Our strong presence across DEVELOPMENT WASHING the value chain, enables us to become the preferred partner of choice for some
Slide 22: Investment Merits
Investment Merits WELL DIVERSIFIED GLOBALLY PROFESSIONAL BENEFITING FROM INCREMENTAL ACROSS GEOGRAPHIES, RECOGNIZED VENDOR MANAGEMENT CHINA +1 AND OTHER CAPACITIES TO PRODUCTS AND CLIENTS OF COMPLEX VALUE- INDUSTRY TAILWINDS ACCELERATE GROWTH ADDED GARMENTS MOMENTUM SUSTAINABILITY FULLY INTEGRATED L
Slide 23: Thank You
GOKALDAS EXPORTS LIMITED Thank You CONTACT US GOKALDAS EXPORTS LIMITED #25, 2 n d Cross, 3 r d Main, Industrial Suburb, Yeshwanthpur , Bangalore – 560 022, Karnataka, INDIA Tel: +91 – 80 – 6895 1000 Facsim ile: +91 – 80 – 6895 1001 20 INVESTOR RELATIONS 24 DIWAKAR PINGLE Diwakar.pingle@ in.ey. com B