Page Industries Limited · NSE:PAGEIND
Page Industries — Q1 FY2021 Earnings Presentation
39 slides from Page Industries's earnings presentation, Sep 3, 2020
Slide 1: Performance Highlights Q1FY21
PERFORMANCE HIGHLIGHTS Q1FY21 SEPTEMBER 3, 2020
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This Presentation has been prepared by the Company base
Slide 3: Contents
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING COMPANY OVERVIEW • NEW LAUNCHES • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 3
Slide 4: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 5: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced PAN India Presence Production Capacity Strong Financial Premium Innerwear Professional 67,000+ Retail Network 260 mn pieces across Performance and Athleisure Management supported by 15 manufacturing units 770+ Exclusive Business Outle
Slide 6: Our Journey
OUR JOURNEY 2017 2006 Jockey Socks launched 2015 • First Jockey EBO in Sri Lanka • Brand Jockey reached • The turnover of the 2011 50,000 outlets in India Company crossed 2004 • Launch of first INR 1b in terms of International factory selling price • Licensing agreement format EBO in 1995 • Producti
Slide 7: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 8: Attractive Macro Opportunity
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING ATTRACTIVE MACRO • NEW LAUNCHES OPPORTUNITY • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 8
Slide 9: Attractive Macro: Multiple Drivers for Growth
ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH Favourable Demographics Industry Growth Drivers 41.7% 31.1% 15 - 34 YRS 27.8% HIGHER INCREASE IN 25.7% LARGEST DISPOSABLE URBAN CONSUMER INCOME POPULATION GROUP 0.8 1.0 1.2 1.5 1991 2001 2011 2030P TOTAL POPULATION (IN BN) URBANISATION (%) INCREASED HIGH
Slide 10: Attractive Macro: Large Market
ATTRACTIVE MACRO: LARGE MARKET Indian Innerwear Market Indian Outerwear Market • Among all the fashion categories, innerwear is one of the fastest growing categories over the last few decades Athleisure Market • Domestic demand of innerwear has changed with consumer buying behavior, transforming fro
Slide 11: COVID-19 Impact
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING COVID-19 IMAPCT • NEW LAUNCHES • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 11
Slide 12: COVID-19 Situation and Impact
COVID-19 SITUATION AND IMPACT Retail stores of channel partners’ open as of end-Aug • MBO: More than 80% of our outlets are fully functional; 54,000+ outlets • EBO: 96% of our outlets have re-opened; 742 outlets • LFS: 90% of our stores have re-opened; 1928 stores Benefiting from increasing propensi
Slide 13: Multiple Products Offering
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING MULTIPLE PRODUCTS • NEW LAUNCHES OFFERING • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 13
Slide 14: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN UNDERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS MIDWAYS TANK TO
Slide 15: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM H2O ACT ACTIVE SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F L LEISURE S SLIDE S SWIMDRESS T THONG K KNEESUIT L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT
Slide 16: New Launches
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING NEW LAUNCHES • NEW LAUNCHES • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 16
Slide 17: New Launches
NEW LAUNCHES New launches well accepted by consumers ANTI-VIRAL ANTI- BACTERIAL INHIBITS ODOURS CAUSED BY BACTERIA SAFE AND EFFECTIVE* LONG LASTING EFFECT EFFECTIVE UP TO 30 WASHES *All Government regulations and recommendations must still be complied with whilst using this product. 17
Slide 18: Unmatched Market Coverage
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING UNMATCHED • NEW LAUNCHES MARKET COVERAGE • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 18
Slide 19: Multi Brand Outlets: Pan India Distribution Network
MULTI BRAND OUTLETS: PAN INDIA DISTRIBUTION NETWORK CHANNEL SALES 3,600+ Distributor Accounts 2,850+ Cities / Towns 67,000+ Retail Network 530+ Channel Sales Strength 19
Slide 20: Exclusive Brand Outlets: First to Offer
EXCLUSIVE BRAND OUTLETS: FIRST TO OFFER 770+ Exclusive Brand Outlets 38 Exclusive Woman Outlets 180+ Outlets in malls 570+ Outlets in high street Present in 270+ cities 20
Slide 21: Large Format Stores: Enhancing Customer Reach
LARGE FORMAT STORES: ENHANCING CUSTOMER REACH 23 Large Format ~ 2,100+ ~ 3,200 partners Stores Point of sale across the country 21
Slide 22: Online & E-Commerce: Riding the Digital Wave
ONLINE & E-COMMERCE: RIDING THE DIGITAL WAVE EXCLUSIVE ONLINE STORE jockey.in | speedo.in SELLING THROUGH ONLINE KEY PARTNERS …and other Partners 22
Slide 23: Manufacturing Capabilities
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING MANUFACTURING • NEW LAUNCHES CAPABILITIES • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 23
Slide 24: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.4 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 locations in Kar
Slide 25: Extensive Brand Reach
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING EXTENSIVE • NEW LAUNCHES BRAND REACH • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 25
Slide 26: Reassuring Customers
REASSURING CUSTOMERS SAFETY • Safety is a key concern in consumers minds that they want their trusted brands to address • Use of social channels to showcase measures taken by the brand to assure customers of their safety when they shop for their favorite brand - Jockey Instore Customer Communicatio
Slide 27: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH ROUND THE CLOCK Followers 9,08,697 1,04,000 21,305 Website Creatives 27
Slide 28: Financial Highlights
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING FINANCIAL • NEW LAUNCHES HIGHLIGHTS • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 28
Slide 29: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue Revenue Growth % EBITDA EBITDA Margin % PAT PAT Margin % Rs Million Rs Million Rs Million 16.4% 18.6% 19.8% 11.8% 20.9% 19.4% 21.2% 21.6% 13.6% 13.8% 3.3% 18.1% 12.9% 12.5% 11.7% 29,454 28,522 6,169 25,520 3,939 5,406 5,326 3,470 3,432 21,305 4,13
Slide 30: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW/ROCE EPS and DPS Working Capital Days 72% 353 110 344 107 311 308 96 89 58% 58% 81 78 55% 58% 239 68 70 51% 208 60 57 161 44% 131 41% 42% 97 40% 85 21 19 21 19 19 19 16 16 9 12 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Receivables Inventory Payables Net Wor
Slide 31: Profit and Loss Statement: Quarterly
PROFIT AND LOSS STATEMENT: QUARTERLY QoQ YoY Particulars (INR mn) Q1 FY21 % Q4 FY20 % Q1 FY20 % growth growth Revenue 2,848 100.0% 5,413 100.0% 8,350 100.0% -47.4% -65.9% COGS 1,478 51.9% 2,228 41.2% 3,752 44.9% -33.7% -60.6% Contribution 1,370 48.1% 3,185 58.8% 4,598 55.1% -57.0% -70.2% Employee Co
Slide 32: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Strong in-house Wide Range of product development Robust Financials Premium Quality and back end with ROCE of 58% Products capabilities Strong Distribution network with strong License with Jockey Strong Balance Sheet; Strong Brand Equity, presence through EBO’s, Internation
Slide 33: Sustainability
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING SUSTAINABILITY • NEW LAUNCHES • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 33
Slide 34: Sustainability Culture
SUSTAINABILITY CULTURE VISION To be a leading apparel company through balanced growth with a focus on quality, innovation and sustainable design, thereby, creating lasting value for all our stakeholders Commitment to Sustainability Building Capacity - Public disclosure through sustainability report,
Slide 35: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Water and Effluent Page sustainability focus areas cover all aspects Performance of value chain viz., product development, supply chain & logistics, manufacturing, sales 09 01 & marketing and economic performance. 9 Materials focus areas identified based on our ma
Slide 36: Sustainability Focus Areas
SUSTAINABILITY FOCUS AREAS Economic Performance Sustain strong financial performance by tracking economic value Diversity and Equal Opportunity generated and distributed, assess and address the financial To ensure a diverse and inclusive workplace through policies, pay implications of sustainability
Slide 37: Shareholding Pattern
CONTENTS • COMPANY OVERVIEW • ATTRACTIVE MACRO OPPORTUNITY • COVID-19 IMPACT • MULTIPLE PRODUCTS OFFERING SHAREHOLDING • NEW LAUNCHES PATTERN • UNMATCHED MARKET COVERAGE • MANUFACTURING CAPABILITIES • EXTENSIVE BRAND REACH • FINANCIAL HIGHLIGHTS • SUSTAINABILITY • SHAREHOLDING PATTERN 37
Slide 38: Shareholding Pattern
SHAREHOLDING PATTERN As of 30th June 2020 Others, 15.0% Mutual Funds, 11.2% Promoter, 48.3% FPI, 25.5% Market Cap: ~ INR 212 bn (as on 30th August, 2020) 38
Slide 39: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: investors@jockeyindia.com Website: www.jockey.in 39