Welspun Living : Q4 FY 24 WLL Earning Presentation

Earnings Presentation Welspun Living Limited

H o m e T e x t i l e | A d v a n c e T e x t i l e | F l o o r i n g

Q4 FY24

April 2024

NSE/BSE: WELSPUNLIV

Bloomberg: WLSI:IN

Reuters: WLSP.NS

Inside this

Presentation

Executive Summary	03
Management Commentary	04
Awards & Recognition	05
Global Presence	06
Key Highlights	07
Quarterly summary	08
FY24 summary	09
Operational Highlights	13
Quarterly Segment Results	17
Profit & Loss Summary	19
Financial Statements Summary	20
ESG at Welspun	22
Share Holding Summary	25
Annexures	28

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WELSPUN LIVING - GLOBAL HOME TEXTILES LEADER

	Multipronged
	E-Commerce
	Strategy to
	accelerate
	growth & capture
Diversified Brand & License Portfolio	larger share of the
	fast-growing market

Strong Emerging

Businesses:

ESG Focused

organization with well-defined principles, roadmap and targets

A certified

woman owned

Welspun Living Ltd (WLL),

part of $3.6 bn Welspun Group, is a global leader in the Home Textiles landscape. With a strong global distribution network and world- class vertically-integrated manufacturing facilities located in India, Welspun is strategic partners with top global retailers.

WLL is differentiated

• Flooring Solutions disrupting the world of flooring
• Advanced Textiles dealing with innovative product applications

Thought leader

Tamper-proof Blockchain platform for state-of-the- art transparency for All Fibers & All Product Categories

business

with >25% women in a 24,000+ strong workforce

by its strategy based on Branding, Innovation and Sustainability.

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MANAGEMENT COMMENTARY

"It is with great pride that we share that the company has achieved its highest ever quarterly and yearly revenues in Q4 and FY24, with a massive growth of 19% in the quarter & 20% yearly with sustainable EBITDA of 15.4% for FY24, growing by 73% over last year. Our ROCE has improved to 14.6% from 5.7% LY. Our strive to achieve excellence in every sphere of our activities has seen Welspun Living being recognised and certified as a 'Great place to work' by GPTW Certification agency, with the company being rated amongst the top 100 companies in India in all parameters.

We are delighted to see our Flooring Business flourishing further with highest yearly revenues of ₹927 cr, growing by 31%. All our Emerging business, which are pillars of our future growth, are continuing to excel and grew 16% in FY 24.

Our Domestic Retail business has shown resilience in the face of subdued retail market sentiments during the year. Brand 'Welspun' strengthened its leadership position in the country with presence in 600+ towns and 20,000+ stores and achieving highest ever revenues in FY24.

We are happy to inform that Dow Jones Sustainability Index (DJSI) ESG rating done for 2023-24, WLL has secured a score of 66, which puts us among the top 3 percentile of the Home Textile Companies globally, reiterating our leadership in sustainable practices and corporate governance."

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Ms. Dipali Goenka	4
Managing Director & CEO , Welspun Living Limited

AWARDS & RECOGNITION

Feathrs in our cap

Welspun Living Limited has been	Won "Supplier of the year"
certified as a Great Place to Work!
award 2023 from JYSK

Won GOLD Vision Awards in LACP's AR	Honored with Federation of
Indian Export Org. (FIEO) Export
Competition for FY23	Excellence Award

Best Managed Company by Deloitte - won in 2 years in a row

Platinum Award by Apex India

Foundation Award'23 for Excellence

in Corporate Ethics in textile sector

Ms. Dipali Goenka	Ms. Dipali Goenka featured
featured among the list	amongst the most influential
of 2024 CNBC's	women 2024 by Business
Changemakers: Women	World under Industry
transforming business	Captains Category

Brand Welspun wins Prestigious Brand of Asia award (textile) out of 50 brands selected from various domains

WLL as the 'Most Preferred Workplace of 2023-24' by Team Marksmen Network

Highest Exports 2010- 2021

Platinum award for Highest global exports. Winning for 11 years in a row

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and many more…	5

STRONG GLOBAL PRESENCE

KEY CUSTOMER PARTNERSHIP

North America

UK & Europe

India

	ROW
Over50	IKEA
Countries
Presence
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KEY HIGHLIGHTS

Brands

ESG

Innovation

Click the Icons to know more

• Total Income

• Q4  ₹ 26,167mn grew 19.2% YoY (Highest ever quarterly revenue)
• FY24  ₹ 98,251 mn grew 19.6% YoY (Highest ever yearly revenue)
• Domestic Consumer Business in Q4 FY 24 grew by
  12.2% YoY and stood at ₹ 1,382 mn and for FY 24 stood at ₹ 5,707 mn grew by 3.7% YoY

• Innovation Business grew by 75% YoY in Q4 FY 24 and grew by 65% in FY 24 YoY

• EBITDA

• Q4  ₹ 4,001 mn @ 15.3% grew 25.0% YoY
• FY24  ₹ 15,147 mn @ 15.4% grew 73.3% YoY

• Flooring Business

• Q4  ₹ 2,129 mn @ EBITDA 8.6%
• FY24  ₹ 9,269 mn @ EBITDA 8.3% (Highest ever yearly revenue grew by 31.4% YoY)

• Net Debt stood at ₹ 13,542 mn as on 31st
  March 2024, ₹ 1,801 Mn lower than ₹ 15,343 mn as on 31st March 2023

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QUARTERLY HIGHLIGHTS

					(₹ Million)
	Revenue	EBITDA	PBT	PAT	Cash Profit
	26,167	4,001	2,521	1,460	4,296
Growth (YoY)	19.2%	25.0%	45.5%	16.4%	73.2%
Growth (QoQ)	6.6%	4.8%	5.2%	(17.4%)	56.5%
Margin (%)		15.3%	9.6%	5.6%
Margin Expansion (Y-o-Y)		71 bps	174 bps	(13 bps)
Margin Expansion (Q-o-Q)		(27 bps)	(13 bps)	(162 bps)
EPS/CEPS				1.52	4.42

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FY 24 HIGHLIGHTS

					(₹ Million)
	Revenue	EBITDA	PBT	PAT	Cash Profit
	98,251	15,147	9,668	6,811	12,398
Growth (YoY)	19.6%	73.3%	220.3%	242.6%	83.4%
Margin (%)		15.4%	9.8%	6.9%
Margin Expansion (Y-o-Y)		478 bps	617 bps	451 bps
EPS/CEPS				7.06	12.76

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QUARTERLY HIGHLIGHTS

					(₹ Million)
		Particulars	31-Mar-24	31-Mar-23	31-Dec-23
		Net Worth	45,158	40,878	43,795
		Short Term Loans	15,665	12,342	15,187
		Long Term Loans	9,540	11,162	9,852
		Gross Debt	25,205	23,504	25,038
		Cash & Cash Equiv.	11,663	8,161	9,622
		Net Debt	13,542	15,343	15,416
		Total Assets	95,500	86,501	94,229

Net Debt / Equity

(x)
1.00
0.80
0.60
0.40
0.20	0.30	0.38	0.35
0.00
	Q4FY24	Q4FY23	Q3FY24

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