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CREATIVE NEWTECH LIMITED — Interim / Quarterly Report 2024
May 17, 2024
62737_rns_2024-05-17_92a8339f-62c6-4d2b-af90-5de6aec38340.pdf
Interim / Quarterly Report
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Result Update
Presentation
Q4 & FY24
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Creative Newtech Limited (Formerly known as Creative Peripherals and Distribution Limited)
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Disclaimer
This presentation has been prepared by Creative Newtech Limited (the “Company”), formerly known as Creative Peripherals & Distribution Ltd., solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
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Company at a Glance
Diversified Product Portfolio
- Licensee of Honeywell Inc.
22+ 3,200+ 1992 Brands Products Started Journey
2. 22+ Brands under various segments (FMSG+FMCT+FMEG+EB)
3. 8,000+ Trusted partners
Total 20+ branches in India
Over 325+ skilled workforce across India
* 1,100 Cr+ Market Cap
8,000+ Happy Channel Partners
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*Market Cap as on 16-05 -2024
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Business Structure
Diversified, Value Added BusinessDiversified, Value Added Business
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Brand Licensing Brand Licensing
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Honeywell License Holder offering vast suite of products across consumer to enterprise segments
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Exclusive trademark license covers 38 countries spanning South & South East Asia, Middle East Asia & Africa
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Enhancement products for laptops, smartphones & TVs, Audio products, Air Purifiers, enterprise class infrastructure through Structured cabling systems
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Two-Fold Expansion – adding more product categories, expanding geographically
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Niche Product Distribution Niche Brand Distribution
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Market entry specialist for niche brands offering experiential products to enable niche global brands to enter & establish in new markets
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FMSG: Niche Products that appeal to younger demographics, driven by social media penetration
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FMCT: Established and fast-moving consumer products that cater to personal as well as organizational demands
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EB: High volume products supplied to enterprises
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FMEG: Offers quick selling Electronics Goods
Samsung, Cooler Master, Razer, Fujifilm, Holoware, Nokia, Cricut, Olympus, Dahua, Transcend, Samsung CE, iBall, ViewSonic, AOC, pTron, Lexar, Ruark Audio among others
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ABOUT HONEYWELL
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~$36 BILLION in sales for 2022
53% of sales outside U.S.
~1,300 Sites, ~70 Countries
More Than 129,000 Employees
Charlotte, N.C. Headquarters
Fortune 100
NYSE: HON
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AEROSPACE
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PERFORMANCE MATERIALS AND TECHNOLOGIES
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SAFETY AND PRODUCTIVITY SOLUTIONS
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BUILDING TECHNOLOGIES
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WHO IS HONEYWELL?
Business Overview
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Aerospace
$11.8 Billion
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Building Performance technologies materials and technologies $6.0 Billion $10.7Billion
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Safety and productivity solutions $6.9 Billion
Great Positions In Good Industries
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Honeywell developed the first autopilot flight controller (1914), first commercial weather radar system (1954), first business jet turbofan engine (1975), and is still the leader in developing revolutionary technology for aerospace today
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Honeywell began the Smart Homes project to combine heating, cooling, security, lighting, and appliances into one easily controlled system. They continued the trend in 1987 by releasing new security systems, and fire and radon detectors.
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Honeywell is the leader in gas detection, fire systems, personal protective equipment, building controls, home comfort and security and scanning and mobility
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Honeywell’s technology is used to produce 40% of the world’s liquefied natural gas, 60% of the world’s gasoline, 70% of the world’s polyester, and 90% of the world’s biodegradable detergents
Highly Diversified, Technology-Driven Industrial Company
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Honeywell License
Brand Licensing
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Licensed by Honeywell for contract manufacturing
Rights on many product designs/casts
Can manufacture and sell Honeywell branded products in many APAC & EMEA countries
Aiming to get more international brands under the licensing and also expand Honeywell business line
Maintain Asset light model while expanding the business
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Creative –Honeywell Exclusive rights to sell across 38 countries
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Honeywell Business
Tough Entry Barrier & Robust Growth Ahead
Entry Barrier
One of the biggest entry barrier to breakthrough in Honeywell is the longdrawn compliance process and product approval including certifications
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Approval Process
The process of getting approval for each product is time consuming and expensive
Launch of Products
Creative has invested 4-5 years in getting approvals for the products and now is launching several new products periodically
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*above certifications are approved
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Niche Product Portfolio
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FMSG + FMCT + FMEG + EB
Specialist in end-toend solutions of FMSG for global brands in India
Well positioned in a fast growing country like India with an aspirational young population and established network and market reach
Portfolio of 22+ world renowned brands, most of which are market leaders in their categories
Command niche value in market
Continually enhancing Multi channel portfolio with highnetwork margin, high growthpotential products
FMSG : Fast Moving Social-Media Gadgets FMCT : Fast Moving Consumer Technology FMEG : Fast Moving Electronics Goods EB : Enterprise Business
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Our Brand Partners
FMSG
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FMCT
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FMEG
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EB
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FMCT: Fast Moving Consumer Technology
FMEG: Fast Moving Electronics Goods
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FMSG: Fast Moving Social-Media Gadgets
EB: Enterprise Business
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Omni-Channel Sales
Retail
General Trade
Sales
Sales
Channels
Channels
Corporate
Online
Extended
Sales Channel
D2C
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Omni-Channel Sales
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TargetAddressable Market
FMSG – Key Drivers for Growth
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Consumer trends to capture every moment of social life & post live events has led to multi-fold growth in personal-use, Internet connected devices
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Millennials tend to follow multiple hobbies which has led to growth in pursuing trekking, wildlife photography/tours, sports, cooking, music etc., making this segment one of the fastest growing segments globally (Olympus)
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In recent years, there has been a noticeable surge in the popularity of online gaming, which has in turn led to a corresponding increase in the demand for gaming accessories. As players become more invested in their gaming experience, they are looking for ways to improve their overall performance and immersion. (Cooler Master, Razer, iBall)
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Growing Social Media Trend
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834
Growing Social
Media Market
223 Size (USD Bn)
160
2021 2022 2026
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Global Gaming Industry
Growth in global gaming sector has been fuelled by
- increasing trends of online/digital gaming, urbanisation & faster network infrastructure
$300 Bn
- Gaming industry presently exceeds $300 Bn
400 Mn
2.7 Bn
Currently there are 2.7 Bn people in the gaming sector
CAGR 11.9%
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Robust growth in Over 400 Mn new gamers Sector expected to grow at estimated to have joined by CAGR of 11.9% between
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smartphone penetration 2023 2020-26
https://www.thebusinessresearchcompany.com/report/social-media-global-market-report#:~:text=The%20global%20social%20media%20market,(CAGR)%20of%2039.7%25.
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Q4 FY24 Financial Highlights –Standalone & Consolidated
| Standalone | Consolidated | |||||||
|---|---|---|---|---|---|---|---|---|
| INR Crore | Q4 FY24 | Q4 FY23 | YoY % | Q4 FY24 | Q4 FY23 | YoY % | • Relatively slower | |
| Revenue from Operations | 277.71 | 391.90 | 304.15 | 397.14 | growth in EB | |||
| Other Operation Income | 16.30 | 5.84 | 16.30 | 5.84 | segment offset | |||
| Total Income | 294.01 | 397.74 | (26.08%) | 320.44 | 402.98 | (20.48%) | growth in other | |
| Total Raw Material | 258.01 | 375.32 | 270.79 | 375.31 | segments | |||
| Employee Cost | 3.39 | 3.29 | 3.96 | 3.29 | ||||
| Other Expenses | 9.54 | 7.84 | 17.64 | 12.88 | ||||
| Total Expenditure | 270.93 | 386.45 | 292.39 | 391.48 | ||||
| EBIDTA | 23.07 | 11.29 | 104.45% | 28.05 | 11.49 | 144.05% | • FMSG segment | |
| EBIDTA Margin % | 7.85% | 2.84% | 501 bps | 8.75% | 2.85% | 590 bps | gaining momentum | |
| Interest | 2.38 | 2.48 | 2.44 | 2.51 | ||||
| Depreciation | 0.34 | 0.42 | 0.34 | 0.42 | ||||
| Exceptional Items Profit Before Tax Tax PAT |
0.00 20.36 4.91 15.45 |
0.00 8.38 2.11 6.27 |
146.34% | 0.00 25.28 4.91 20.36 |
0.00 8.57 2.11 6.45 |
215.55% | • Higher contribution from Honeywell boosted margins |
|
| PAT Margin | 5.25% | 1.58% | 367 bps | 6.35% | 1.60% | 475 bps |
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FY24 Financial Highlights –Standalone & Consolidated
| Standalone Consolidated INR Crore FY24 FY23 YoY % FY24 FY23 YoY % Revenue from Operations 1,638.54 1,331.76 1713.12 1376.22 Other Operational Income 27.79 26.03 27.79 26.03 Total Income 1,666.34 1,357.80 22.72% 1740.91 1402.25 24.15% Total Raw Materials 1,569.26 1,274.80 1599.09 1296.01 Employee Cost 14.42 13.70 15.71 13.70 Other Expenses 31.13 30.68 56.89 47.43 Total Expenditure 1,614.81 1,319.18 1671.69 1357.14 EBIDTA 51.52 38.62 33.41% 69.22 45.12 53.42% EBIDTA Margin % 3.09% 2.84% 25 bps 3.98% 3.22% 76 bps Interest 9.50 9.31 9.66 9.40 Depreciation 1.33 1.57 1.33 1.57 Exceptional Items 0.00 0.00 0.00 0.00 Profit Before Tax 40.70 27.74 58.23 34.15 Tax 9.97 6.90 9.97 6.90 PAT 30.72 20.85 47.38% 48.25 27.25 77.08% PAT Margin 1.84% 1.54% 30 bps 2.77% 1.94% 83 bps |
• Strong sales growth driven by EB and FMSG segments • Stable demand for products from Samsung, Cooler Master, Honeywell & ViewSonic among others • Margin improvement from operational efficiencies & higher contribution from Honeywell |
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Consolidated Balance Sheet Highlights as on 31[st] March 2024
| INR Crore As on As on 31st March 2023 31st March 2024 Equity 126.16 224.05 EquityShare Capital 12.60 13.48 Other Equity 104.80 192.07 Money Received Against Share Warrant 0.00 10.16 MinorityInterest 8.76 8.34 Non-Current Liabilities 10.04 8.34 LongTerm Borrowings 9.13 7.28 Other LongTerm Liabilities 0.00 0.00 Other LongTerm Provisions 0.91 1.06 Current Liabilities 151.78 128.99 Short Term Borrowings 79.80 66.28 Trade Payables 46.88 52.12 Other Financial Liabilities 13.75 5.09 Other Current Liabilities 10.67 2.82 Short Term Provisions 0.35 0.38 Current Tax Liabilities (Net) 0.33 2.31 Total Equities & Liabilities 287.98 361.38 |
As on As on |
|---|---|
| INR Crore 31st March 2023 31st March 2024 |
|
| Non-Current Assets 9.97 9.15 |
|
| Property, Plant & Equipment 9.57 8.83 |
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| Intangible Assets 0.14 0.00 |
|
| Non-Current Investments 0.00 0.00 |
|
| Net Deferred Tax Asset 0.25 0.32 |
|
| Long Term Loans & Advances 0.00 0.00 |
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| Other Non Current Assets 0.00 0.00 |
|
| Current Assets 278.01 352.22 |
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| Inventories 81.26 77.75 |
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| Trade Receivables 92.19 147.02 |
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| Cash & Cash Equivalents 2.59 7.20 |
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| Bank Balances other than above 6.60 9.99 |
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| Other Financial Assets 0.09 1.42 |
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| Other Current Assets 95.28 108.84 |
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| Total Assets 287.98 361.38 |
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Board recommends final dividend of Re. 0.5/- per Equity Share of face value Rs. 10 each, subject to shareholders’ approval
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Segmental Revenue
*Sales in Crore
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FMSG
75.10
71.96
60.37
49.87 49.14
FMCT
66.00
65.39
63.99
57.72
56.71
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FMEG
1.46
0.54
0.22
0.05 0.06
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EB
382.09
354.68
303.84
279.81
171.27
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FMSG : Fast Moving Social-Media Gadgets FMCT: Fast Moving Consumer Technology FMEG: Fast Moving Electronics Goods EB: Enterprise Business
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High Growth, High Margin and Small Working Capital cycle –the Criteria
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Q4 FY23 Q4 FY24
12.56%
24.69%
16.62%
56.31%
70.46%
0.37% 18.98%
0.02%
FMSG FMCT FMEG EB
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Segmental Revenue FY23 vs FY24
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FY23
14.33%
17.93%
66.97%
0.78%
FMSG FMCT
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FY24
14.98%
14.23%
70.74% 0.05%
FMEG EB
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Quarterly Segmental Revenue QoQ
*Sales in Crore
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FMSG FMEG
75.10
0.06
0.05
71.96
FMCT EB
57.72
382.09
56.71 171.27
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FMSG : Fast Moving Social-Media Gadgets FMCT: Fast Moving Consumer Technology FMEG: Fast Moving Electronics Goods EB: Enterprise Business
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Annual Segmental Revenue YOY
*Sales in Crore
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FMSG FMEG
256.56
10.71
197.20
0.87
246.71 FMCT EB
1,211.88
921.60
243.80
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FMSG : Fast Moving Social-Media Gadgets FMCT: Fast Moving Consumer Technology FMEG: Fast Moving Electronics Goods EB: Enterprise Business
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Q4 FY24 Consolidated Financial Highlights in Charts
Sales in Crore
Revenue from Operations (in Cr)
PAT (in Cr)
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510.80
468.33
429.83
397.14
304.15
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20.36
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11.55
10.46
6.45 5.88
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EBITDA (in Cr)
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28.05
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16.27
14.99
11.49
9.91
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Annual Consolidated Financial Highlights FY24
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Revenue (Rs. Cr.)
80.1% 1,740.9
1,402.3
947.8
47.9%
526.3
459.1
370.7
23.8% 24.2%
14.7%
FY19 FY20 FY21 FY22 FY23 FY24
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EBITDA (Rs. Cr.)
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74.1% 69.22
53.4%
45.12
32.62
38.3%
26.3%
18.73
16.82
13.32
11.4%
FY19 FY20 FY21 FY22 FY23 FY24
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PAT (Rs. Cr.)
105.2%
48.25
77.1%
27.25
19.25
33.0%
41.6%
20.7%
7.78
5.85 9.38
FY19 FY20 FY21 FY22 FY23 FY24
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Consolidated Key Return Ratios
RoE %
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23.88% 23.21% 23.47%
18.81%
17.55%
16.00%
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FY19 FY20 FY21 FY22 FY23 FY24
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RoCE %
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22.81%
22.15%
20.38% 20.25%
18.82%
16.93%
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FY19 FY20 FY21 FY22 FY23 FY24
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Focus on improving RoCE and long-term value creation
*RoE = Net Profit/Net Worth | RoCE = EBIT/(Shareholders Fund + Long-term Borrowing + Short-term Borrowing-Non-Current Investment)
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** FY21 Covid Year
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Key Strengths & Investment Rationale
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Exclusive licensee for Honeywell
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➢ Significant growth from higher volumes in Honeywell Consumer products portfolio
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➢ Creative is exclusive licensee in 38 countries spanning SAARC, Middle East, APAC and African Region
One of India’s leading Brand Licensee and Market Entry Specialist
One of the few national players in this space to provide end-to-end solution from contract manufacturing to retail distribution and brand licensing
Mix of experienced & young dynamic workforce
Strong return ratios & Asset-Light
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➢ Creative has an ROCE of ~20.38%, outpacing the average of 10% earned by companies in similar industry
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➢ Asset light business with outsourced contract manufacturing
Good entry point for well-known foreign brands
Provide strategic intel to foreign players to enter & tap into Indian market
Focus on Products with High Growth, High Margin & Small Working Capital cycle
Addresses niche growing market across segments
Partner to leading brands – Samsung, Cooler Master, Razer, Fujifilm, Holoware, Nokia, Cricut, Olympus, Dahua, Transcend, Samsung CE, iBall, ViewSonic, AOC, pTron, Lexar, Ruark Audio among others
An Omni-channel network that spans Online, offline and retail trade channels
22+ brands, 3,200+ products, 8,000+ happy channel partners and 50,000+ metric tons (across product range) of monthly import and export
Recently added CyberPowerPC to licensing portfolio
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Way Ahead
Brand Licensing in New markets
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Bringing Cutting-edge Technologies through highmargin brands
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Growing Honeywell Business
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#1 Brand Licensing & Geographical Expansion
➢ Growing brand licensing line of business with addition of new brands to leverage the licensing model
➢ CyberpowerPC joins Honeywell in Creative’s portfolio of licensing agreements
➢ Expanding geographically across Middle East & APAC with required approvals & certifications
#2 Diversifying product portfolio across new high-potential verticals like Gaming
➢ Bringing diverse product ranges across various consumer verticals such as gaming & lifestyle, to stay ahead of trends
➢ Focus on fast moving high-margin brands such as Cooler Master, Hyperice etc.
➢ Utilize & expand omni-channel network to capitalize on maximum reach across India
#3 Honeywell to boost top line and profitability
➢ Long-standing association with Honeywell with extensive and increasing product portfolio
- ➢ Adding new countries under purview for sale of Honeywell products
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Annexure
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Management Comment
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Commenting on the Company performance , Mr. Ketan Patel, Chairman & Managing Director of Creative Newtech said:
“We have closed the financial year on a strong note. Amidst changing consumer trends and new product developments in the broader market, we are seeing steady demand for many of our brands, which contributed to growth.
We continue to monitor market trends closely to identify under-penetrated and high growth potential brands, to maintain a cutting-edge portfolio.
In the year ended March 2024, our consolidated total income increased 24.2% YoY to Rs. 1,740.9 cr. EBITDA and PAT increased 53.4% and 77.1% YoY to Rs. 69.2 cr and Rs. 48.3 cr, respectively. Growth in top line was driven by our EB and FMSG segments, especially from Samsung, Honeywell, Cooler Master and View Sonic, among others. Operational efficiencies and higher contribution from Honeywell helped improve margins.
Over the last few months, we added several new brands in our portfolio, such as pTron, a domestic brand under Palred Electronics.
Another major milestone last quarter was our tie-up with US-based Cyberpower Inc. under a brand licensing agreement for their CyberpowerPC brand. E-Sports is a fast-growing industry in India and we expect high demand for these products in the coming quarters. CyberpowerPC joins Honeywell in our brand licensing portfolio and should help further boost profitability. We also strengthened our distribution network in Indonesia through a strategic tie-up, to boost Honeywell sales in that region. Overall, we have entered the new financial year on an optimistic note. Our focus remains on keeping a lean business model and ensuring long-term, sustainable growth for all stakeholders.
I would like to thank the entire team for their dedication, which drives the Company forward.”
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Management Team
Ketan Patel
A technologist with a humble background and an experience 30+ of years. With capital not an option, he had to choose a long gestation period for success. He firmly believes that in the technology business, operating leverage is substantial but always back ended.
Purvi Patel
A woman with exceptional foresight, Purvi Patel manages Logistics, HR, Marketing, Operations and Administrative functions to enable smooth functioning of the business.
Vijay Advani
Mr. Advani is a seasoned Professional with 30+ years of experience since 1998 in Product, Sales & Operations. He looks after the complete sales of the organization and all major B2B relationships with an ease and competence like no other.
Mohit Anand
As the CEO of Secure Connection, he is responsible for all facets of the business including, Sales, Marketing, Finance & Operations. He is currently building and scaling out Honeywell licensing business in over 29 countries. Ex-Microsoft, Ex-Belkin
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30
Management Team
Abhijit Kanvinde
Chartered Accountant with over 25 years of strong and multi-industry experience. Worked in companies like Garnier India, Novartis Consumer Health, Shringar Cinemas, etc. He was the CFO of a listed company for over 8 years, also successfully completed two IPOs in his career.
Amol Patil
MBA in Marketing with Engineering in Electronics and Telecom, with over 20 years of experience in IT industry. Mr. Patil’s prowess lies in identifying latest market opportunities. With his excellent team management and execution skills, he is responsible for profitable management of products portfolio
Upendra Singh
Bachelor of Commerce from Ranchi University, with nearly 30 years experience in Sales & Marketing. His
expertise lies in vendor management, sales generation & market penetration. He has been in the IT hardware industry for over 11 years and he drives the national channel & corporate sales.
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31
Quadrant Segmentation of Business
Products have been ranked into Quadrants based on returns and working capital turns:
Focus is on Quadrant 1 by dedicating best resources towards it.
Simultaneously, Company is also maintaining existing business – Quadrant 2 to Quadrant 4 – as it gives visibility & foot-in-the-door to large brands & distributors.
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QUADRANT 1 QUADRANT 2
HIGH MARGINS AND QUICK HIGH MARGINS AND MEDIUM
CYCLE CYCLE
QUADRANT 3 QUADRANT 4
LOW MARGINS AND MEDIUM LOW MARGINS AND LONGER
CYCLE CYCLE
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As part of a Sustainable Growth Strategy , incremental resources would be step-by-step diverted towards Quadrant 1, without disrupting current business
Quadrant 1 business is primarily FMSG and Enterprise Businesses like – Honeywell, Cooler Master, ViewSonic, Fujifilm Instax, Razer, Nokia, Ptron, Dahua, iBall, to name a few
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32
Strategic Focus Area & Criteria
Creative’s business model is primarily of optimizing working capital. Success of our business depends on achieving higher growth through higher margin products and quick working capital cycle
Over last few quarters we have continuously shifted our resources towards higher profit products (Honeywell, Cooler Master, Hyperice, Samsung etc.) with faster sales cycle and agile team
We gauge every opportunity through below key lenses: ✓ Return on Investment ✓ Return on Management time
- ✓ Whether it’s a Experiential Brand
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34
Journey so far…
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2021-
22
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2020
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Tie-up with ZEISS to distribute binoculars & monoculars
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Distribution agreement with Panasonic for audio products
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Extended agreement with Honeywell for air purifiers
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Agreement with Edelkrone for videography accessories
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Expanded agreement with Honeywell for Passive Cabling
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Tie-up with Reliance Retail for home appliances
-
Agreement with MSi for mini-computers, & with Colorful Tech for SSDs
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Launched B-Safe – own brand of medical products
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Signed distribution agreement with Hyperice Inc.
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Launched Ckart – digital B2B platform for customers
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Tie-up with Insta360 for Action cameras & Hama for Photography products
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Expanded Honeywell mandate to 29 countries
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Agreement with Fujifilm for Instax Cameras & accessories
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2019
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2017-
18
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Expanded gaming segment via tie-up with Thermaltake
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Listed on NSE – SME stock exchange
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Forayed into gaming (lifestyle) products
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Exclusive agreement with ‘iBall’ across MP & Vidarbha
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Agreement with TPV Technology for Philips Digital Signage
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Expanded Honeywell agreement to Middle East & added new products
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• Exclusive Agreement with InVue
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Migrated to NSE Main Board
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Expanded IT, Gaming & Lifestyle segments with PNY, Cooler Master & BaByliss
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Agreement with Future Tech Electronics - LED TV’s for DAEWOO, MEPL & INDICOOL brands
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2015-
16
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2023-
24
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Signed up with Lexar for Flash Memory & accessories
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Won distribution agreement from Cricut & with Razor Inc.
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Agreement with “Trigon LLC” (Al Ghurair Group) in UAE for Honeywell Products
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Partnership with “Ruark” – UK based leading Audio brand
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Won distribution agreement from pTron, Nokia, Dahua, Holoware, Trusense, MyFirst
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Reliance Digital ‘Best Fulfillment Partner’
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Exclusive distribution for 8 new global brands including ViewSonic & Samsung
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• Forayed into retail security business • Exclusive license for Honeywell • Won distribution license for GoPro
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1990’s
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Started as trading concern with 2 employees
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Epson Dot-matrix Printer aggregator
200011
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Microsoft sub-distribution in Maharashtra & Gujarat
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Opened branches in Pune, Bangalore & Ahmedabad
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Epson Business Partner
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Foray into Lifestyle business
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2012-
13
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2012 - Foray into Imaging business by signing Olympus
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2013 - Exclusive distribution for 5 new global IT vendors
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34
Geographical Presence
Our Network
We are present at following Locations
Pune Varanasi Vijayawada Mumbai Ahmedabad Aurangabad Lucknow Vadodara Goa Surat Chandigarh Hyderabad Jammu Cochin Kolhapur Patna Jaipur Nagpur
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Domestic
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Pan India presence.
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• 20+ branches across India.
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Over 325+ strong highly skilled workforce across India – mix of young and experienced talent.
International
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Subsidiary in Hong Kong.
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• Strong distribution tie-up in Middle East.
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Expanding network across SAARC countries.
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Strong network of 8,000+ partners across India
Corporate Office Branches
35
Driving Social Media Transformation through Digital Offerings
Our Value Edition
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Information Network
Price
Access to
Product
Partnership
Scale
and Skills
Content & What is
needed?
Community Customer
Service Brand Strategy Experience Omni – Channel
Marketing
Customer
experience
Contract
Customer
Manufacturing
Intimacy
2000 2025
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By 2025, Customer Experience will overtake Price & Product as the key brand differentiator, a shift that is already in progress.
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36
Key Developments
Fund Raise Activity
In July 2023, Creative raised Rs. 80.10 cr through preferential allotment of warrants to members of the promoter and non-promoter group, including some employees of the Company.
Recent Brand Agreements
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Tied up with Dahua Technology to distribute their range of Monitors & IFPD
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Won distribution agreement with Cricut to offer their range of craft and cutting products in India
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Tied up with Razor Inc., a leading global gaming brand, to distribute its products in India
Honeywell
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Partnered with leading distributor in Indonesia for Honeywell products
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Signed licensing agreement for Honeywell Air Purifiers across 10 countries worldwide
-
Expanded Honeywell distribution agreement to include 38 countries across APAC, Middle East and Africa
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Tied up with Ruark to bring premium audio products to India
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Signed Brand Licensing agreement with Cyberpower Inc. for CyberpowerPC brand
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Penned distribution agreement with Palred Electronics for distribution of ‘ pTron’ products
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Tied up with Nokia to distribute their range of Mobile Phones
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Tied up with Holoware to distribute their range of Laptops
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Added range Home Audio products to Honeywell product portfolio
Geographical Expansion
Other than our presence in existing regions we are now also available at Varanasi, Dehradun, Chandigarh and Jammu to cater to demand in fast growing markets in Eastern UP, Uttarakhand, Himachal and Jammu & Kashmir. We have spread our wings to these new Geographies in the recent past
Other Developments
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In March 2024, Creative strategically undertook a slump sale of its Ckart division for a consideration of Rs. 10 cr. The Company earned Rs. 9.90 cr of profit from this, which was included in Other Income in Q4 FY24
-
The Company acquired 1,066 shares of Secure Connection Ltd (Hong Kong subsidiary) on preferential basis for a non-cash consideration against share swap of 57,325 equity shares of Creative Newtech at a rate of Rs. 785/- per equity share
THANK YOU!
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www.creativenewtech.com