Timex Group India Limited · BSE:TIMEX
Timex Group India — Q3 FY2023 Earnings Presentation
33 slides from Timex Group India's earnings presentation, Feb 2, 2023
Slide 1: Timex
AGAINST TIMEX 3 SS FORTNITE. 7
Slide 2: Timex Group India Limited Investor Presentation
Timex Group India Limited Investor Presentation February 02, 2023 2
Slide 3: Disclaimer
Disclaimer This presentation may contain certain forward looking statements concerning Timex’s future Past performance may not be indicative of future performance. We do not undertake to business prospects and business profitability, which are subject to a number of risks and publicly update our for
Slide 4: Business Update
Business Update The quarter saw good business performance led by luxury and fashion segments • Q3 FY22-23 delivered 29% Revenue growth versus last year continuing the trend from the last 2 quarters • YTD FY22-23 Profit before tax at 24.1Cr versus 1Cr last year same period (24 times) • E-Commerce & t
Slide 5: Q3'FY23 Highlights
Q3’FY23 Highlights TIMEXGROUP
Slide 6: Mysore Fashion Week
Mysore Fashion Week Co-powered by Timex Timex co-powered the sixth edition of the Mysore Fashion Week: Mysore (Karnataka) [India], December 2022 The three-day mega event exclusively comprised top fashion designers, models, editors, fashion bloggers, media and press, buyers, stylists and key fashion
Slide 7: Timex Factory Visit
Timex Factory Visit Media Visit The state of the art watch factory in Baddi, Himachal Pradesh was covered by journalists and featured in articles in key publications. An in-depth into the fine art of watchmaking was a thrilling experience for the visiting journalists. 5 journalists from key publicat
Slide 8: Timex Showcase Event
Timex Showcase Event A star studded event for Timex, attended by key media and influencers, showcasing the best of Timex products 8
Slide 9: Guess Showcase Event
Guess Showcase Event A statement event in fashion circle, attended by Influencers & Key fashion magazines personnel, showcasing the new Guess & GC Collection 9
Slide 10: Financial Performance Q3 FY2022-23
Financial Performance Q3 FY2022-23
Slide 11: Financial Performance Q3 FY2022-23 & nine months ended 31st Dec 2022
Financial Performance Q3 FY2022-23 & nine months ended 31st Dec 2022 • Total Income at Rs. 8,465 lacs (grown by 29%) during the quarter as compared to Rs. 6,562 lacs last year. During the nine months, revenue has grown by 62% over last year. • EBIDTA is at negative Rs. 406 lacs during the quarter as
Slide 12: Financial Performance – Current Quarter
Financial Performance – Current Quarter Total Income - Quarter Growth 29% -365 0.0% 9000 8465 Q3 Q3 -370 21-22 22-23 8000 -375 -379 -2.0% 7000 6562 -380 6000 Rs. in lakhs -385 -406 Rs. in lakhs 5000 -4.0% -390 4000 -395 -4.8% 3000 -6.0% -400 -5.8% 2000 -405 1000 -410 -8.0% 0 Q3 Q3 EBIDTA EBIDTA % 21
Slide 13: Financial Performance – Nine months ended 31st Dec 2022
Financial Performance – Nine months ended 31st Dec 2022 Total Income – Nine Months Growth 62% 3500 12.0% 35000 EBIDTA 10.3% 3000 10.0% 30000 EBIDTA % 30043 2500 25000 8.0% Rs. in lakhs 2000 20000 Rs. in lakhs 6.0% 15000 18573 1500 3099 4.0% 10000 1000 2.8% 2.0% 5000 500 513 0 0 0.0% 9M 9M 9M 9M 2021
Slide 14: Financial Performance – Total Income
Financial Performance – Total Income Total Income 30000 26554 25229 25000 24190 21015 Rs. in lakhs 20000 15000 14211 10000 2017-18 2018-19 2019-20 2020-21 2021-22 14
Slide 15: Financial Performance – EBIDTA
Financial Performance – EBIDTA EBIDTA 1200 1129 1153 1100 1000 900 869 800 700 600 Rs. in lakhs 500 397 400 300 200 100 0 -100 2017-18 2018-19 2019-20 2020-21 2021-22 -200 -300 -238 15
Slide 16: Financial Performance – EBIDTA %
Financial Performance – EBIDTA % EBIDTA % 7.0% 6.0% 5.4% 4.8% 5.0% 4.0% 3.3% 3.0% 2.0% 1.6% 1.0% 0.0% 2017-18 2018-19 2019-20 2020-21 2021-22 -1.0% -2.0% -1.7% 16
Slide 17: Financial Performance – Profit Before Tax
Financial Performance – Profit Before Tax 1000 835 800 752 600 400 322 200 Rs. in lakhs 0 2017-18 2018-19 2019-20 2020-21 2021-22 -200 -180 -400 -600 -800 -811 -1000 17
Slide 18: Shareholding Pattern
Shareholding Pattern 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 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 0.04% 0.03% 0.03% 0.03%
Slide 19: Market Capitalization
Market Capitalization 6 year CAGR: 20% Timex Share Price vs BSE Small Cap 1,70,000 170 30500 1,50,012 160 1,40,000 30000 150 1,10,000 140 29500 130 80,000 89,088 29000 55,977 120 50,525 45,175 50,000 28500 32,809 26,903 110 20,000 100 28000 Jan-16 Dec-16 Jan-17 Dec-17 Dec-18 Jan-18 Dec-18 Jan-19 Dec
Slide 20: About Us
ABOUT US
Slide 21: Timex Group is America's Oldest Watchmaker, Established in 1854
Timex Group is America’s Oldest Watchmaker, Established in 1854 in Connecticut, USA Designs, manufactures and distributes products to consumers around the world ~170 YEARS OF EXPERIENCE 13+ GLOBAL BRANDS 2.7B WATCHES SOLD 120 DISTRIBUTORS 3,000 GLOBAL EMPLOYEES 21
Slide 22: Timex Group
TIMEXGROUP Legacy Craftsmanship Design Fairness 22
Slide 23: Takes a Licking, Keeps on Ticking
Takes a Licking, Keeps on Ticking fy the 1960s, cur watches ware: inerpaneive,nandeome and ir wath old asa Tex Our = Made for Badass Women favorite televied torture ets, proved our supetony, of our Timex Marin” ‘er ahal century inthe fire half the 20th Cen symbol fan independent weren weliberted the
Slide 24: The World's Most Popular Watch
The World's Most Popular Watch Precision Quartz Timekeeping Another Bright Idea gin TIMEXGROUP 24
Slide 25: Smart Before it was Cool
Smart Before it was Cool ceria for spare ight by NASA. igtal veto ace TIMEXGROUP You Asked, We Listened Wie are proud ef our reputation asthe perp watchmaker, ou nnaratons and cesigns start with wnat ta price you cn fr, he weed automatic rmovernents wer $250. Watchmaking Back inthe USA us he ou very
Slide 26: About TGIL
About TGIL Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.) 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 des
Slide 27: TGIL Board of Directors
TGIL Board of Directors David Thomas Payne | Chairman Pradeep Mukerjee | Independent Director Experience: 23+ years Experience: 30+ years Qualification: B. Sc. (Computer Science) - University of Alabama Qualification: Masters in Personal Management & & a Juris doctorate from Washington & Lee Univers
Slide 28: Brand Portfolio
Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments 28
Slide 29: Powerful Distribution Network
Powerful Distribution Network A strong network of sales touchpoints that enable TGIL to reach consumers across the country 5340 310 1322 40 82 29
Slide 30: Supply Chain: We are a True Global Watchmaker with the Owned Capabilities
Supply Chain: We are a True Global Watchmaker with the Owned Capabilities Middlebury, USA Besancon, France Pforzheim, Germany Lugano, Switzerland Baddi, India Cebu, Philippines HQ & Watchmaking Movement Production Research and Development Watchmaking Manufacturing Manufacturing 30
Slide 31: Baddi Plant: Superior Watchmaking & Supply Chain
Baddi Plant: Superior Watchmaking & Supply Chain A state of the art SA 8000: 2014 and OHSAS: 45001:2018 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. Currently han
Slide 32: TGIL After Sales Service
TGIL After Sales Service Over 200 locations supported by a Customer Care Call Centre service 32
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