Renaissance Global Limited · NSE:RGL
Renaissance Global — Q4 FY2021 Earnings Presentation
25 slides from Renaissance Global's earnings presentation, May 31, 2021
Slide 1: Cover letter to stock exchanges: Performance Highlights Q4 FY21
Ref. No.: RGL/S&L/2021/72 May 31, 2021 Bombay Stock Exchange Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, Plot no. C/1, Phiroze Jeejeebhoy Towers G Block, Bandra Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Sub.: Performance
Slide 2: Q4 FY21 Financial Overview
RENAISSANCE GLOBAL LIMITED Q4 FY21 FINANCIAL OVERVIEW 1
Slide 3: Highlights for Q4 FY21
Highlights for Q4 FY21 Particulars (In ₹ Mn) Q4 FY21 Q4 FY20 YoY % FY21 FY20 YoY % Revenue 5,829 4,479 30% 20,312 25,018 -19% Gross Profit 1,055 979 8% 3,889 4,897 -21% EBITDA 341 259 32% 1,156 1,708 -32% PBT 196 111 76% 592 1,100 -46% PAT* 157 95 66% 463 922 -50% OCI 17 -384 1,088 -537 Comprehensiv
Slide 4: Revenue Mix Q4 FY21
Revenue Mix Q4 FY21 Rs. In Million Business Revenues Revenue % EBITDA % EBITDA Customer Brands 2,966.1 50.9% 6.8% 203.1 Branded Jewellery 677.5 11.6% 11.8% 79.9 Direct to Consumer 226.0 3.9% 19.4% 43.7 Plain Gold 1,959.5 33.6% 0.7% 14.5 Total 5,829.1 100% 5.9% 341.3 • The Branded jewellery business
Slide 5: Revenue Mix H2 FY21
Revenue Mix H2 FY21 Rs. In Million Business Revenues Revenue % EBITDA % EBITDA Customer Brands 7,459.5 56.4% 6.8% 509.6 Branded Jewellery 1,731.0 13.1% 11.6% 200.0 Direct to Consumer 501.6 3.8% 17.5% 87.8 Plain Gold 3,536.0 26.7% 0.8% 27.4 Total 13,228.1 100% 6.2% 824.9 • The Branded jewellery busin
Slide 6: Free Cash Flow Generation
Free Cash Flow Generation (Cash flow from operations – Fixed Asset Investments) 1,941 2,000 1,128 Free Cashflow (₹ million) - FY17 FY18 FY19 FY20 FY21 -116 -438 -2,000 -3,512 -4,000 5
Slide 7: Growing Direct to Consumer (D2C) Business
Growing Direct to Consumer (D2C) Business Quarterly D2C Sales Trend D2C Annual Revenue Run Rate* Annual Revenue Run Rate ( in Rs. Mn.) 300 1,400 276 1,200 1,150 250 226 1,000 Sales ( in Rs. Mn.) 200 800 693 150 600 458 100 89 400 57 240 50 200 0 0 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY21 Q2 FY21 Q3 F
Slide 8: Direct to Consumer Business
Direct to Consumer Business • Based on Q4 FY21 sales, the direct to consumer business is trending at greater than ₹ 115 crores Annual Revenue Run Rate with the existing websites. • We are extremely happy to announce the launch of our sixth direct to consumer website for Hallmark Diamonds in May 2021
Slide 9: Strengthening the Balance Sheet
Strengthening the Balance Sheet • Net Debt to Equity ratio as of Mar 2021 was 0.29 v/s Mar 2020 Net Debt to Equity ratio of 0.52. • Cash and Bank Balances and Current Investments as on Mar 2021 at ₹ 2,449 million • FY21 Return on Equity at 6.0% due to impact of Covid-19 vs. Return on Equity for FY20
Slide 10: Growing Focus on Brands
Growing Focus on Brands • Renaissance Global is focused on growing its portfolio of licensed and own brands. • Renaissance Global is the exclusive licensee of the following brands: Enchanted Disney Fine Jewelry – Disney Princesses IP Disney Treasures Fine Jewelry – A collection of iconic charact
Slide 11: Enchanted Disney Fine Jewelry Collection expands into China
‘Enchanted Disney Fine Jewelry’ Collection expands into China • Renaissance Global Limited (RGL) is delighted to announce its partnership with the second largest Chinese jewelry retailer Lao Feng Xiang (LFX) for the Chinese market for the introduction of its highly successful “ENCHANTED DISNEY FINE
Slide 12: Q4 FY21: Key Highlights
Q4 FY21 : Key Highlights Q4 FY21 vs. Q4 FY20 In ₹ Mn Total Income EBITDA & EBITDA Margin PAT & PAT Margin* 341 2.7% 5,842 2.1% 259 4,532 5.9% 5.7% 157 29% 32% 95 66% Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 FY21 vs. FY20 Total Income EBITDA & EBITDA Margin PAT & PAT Margin* 3.7% 6.8% 25,102 5
Slide 13: Q4 FY21: Segment Analysis
Q4 FY21 : Segment Analysis Q4 FY21 vs. Q4 FY20 Studded & Plain Gold Jewellery Geographical Mix Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 18% 16% 32% 34% 47% 49% 68% 66% 35% 35% Studded Jewellery Plain Gold Jewellery N. America Middle East Others FY21 vs. FY20 FY20 FY21 FY20 FY21 14% 26% 23% 12% 30% 58% 27% 59
Slide 14: Improving Debt-Equity Ratio due to better inventory management
Improving Debt-Equity Ratio due to better inventory management Leverage (₹ Mn) Working Capital Analysis 129 118 154 157 194 10,161 8,183 8,449 5,915 6,647 5,587 6,992 8,429 5,578 3,538 3,731 4,051 3,796 5,109 2,135 5,033 -2,338 -3,073 -2,931 2,629 2,857 3,612 2,416 -1,467 -1,453 FY17 FY18 FY19 FY20
Slide 15: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In ₹ Mn) Q4 FY21 Q4 FY20 YoY % FY21 FY20 YoY % Revenue From Operations 5,829 4,479 30% 20,312 25,018 -19% Other Income 13 54 162 83 Total Income 5,842 4,532 29% 20,474 25,102 -18% COGS 4,787 3,553 35% 16,585 20,205 -18% Gross Profit 1,055 979 8% 3,88
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (In ₹ Mn) Mar-21 Mar-20 Particulars (In ₹ Mn) Mar-21 Mar-20 Shareholder's Funds 8,475.3 6,992.1 Non-Current Assets Equity Share Capital 186.8 186.8 Fixed Assets – Tangible & Intangible 801.2 978.9 Reserves & Surplus 8,242.5 6,805.3 CWIP & Intangibles under deve
Slide 17: FY22 Outlook
FY22 Outlook Net Income Year EPS (₹ mn) FY20 922 47.1 FY21 463 22.7 • We expect Net Income for FY22 to grow 18 to 22% based on FY20 Net Income and more than 100% as compared to FY21 Net Income. 16
Slide 18: About Renaissance Global
About Renaissance Global Renaissance Global Limited is a highly differentiated luxury lifestyle products company. It is a global jewellery company focused on distribution and manufacturing of customer brands and supplier of licensed branded jewellery through its licensing agreement to sell “Enchante
Slide 19: Our Direct to Consumer Websites
Our Direct to Consumer Websites 18 https://www.enchantedfinejewelry.com/
Slide 20: Star Wars Fine Jewelry website
https://starwarsfinejewelry.com/ 19
Slide 21: Hallmark Diamonds Collection website
20 https://www.hallmarkdiamondscollection.com/
Slide 22: Jewelili website
https://www.jewelili.com/ 21
Slide 23: Diamonds Made for You website
https://diamondsmadeforyou.com/ 22
Slide 24: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by Renaissance Global Limited (“Renaissance” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations,
Slide 25: Thank You
RENAISSANCE GLOBAL LIMITED THANK YOU For any investor queries, reach out to DICKENSON SEAGULL IR Pushpa Mani Renaissance Global Limited Renaissance Global Limited Email: pushpa.mani@dickensonworld.com G. M. Walavalkar Mob: 09911684123 Abhijit S. Karandikar Compliance Officer Vikash Verma Manager – I