Himatsingka Seide Ltd. — Investor Presentation 2019

Nov 28, 2019

Himatsingka Seide Li,mited

10/24, Kumara Krupa Road, High Grounds, Bangalore - 560 001, India.

November 28, 2019

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 Scrip Code: 514043

National Stock Exchange of India Ltd Exchange Plaza, 5[th ] Floor, Plot No. C/ 1 G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 Symbol: HIMATSEIDE

Dear Sir,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements), Regulations, 2015

Pursuant to the captioned Regulation, we wish to inform you that the Company will be meeting Analyst and Investors in Bangalore, organized by Kotak Securities Limited on Thursday, November 28, 2019.

Details of the event are as below:

Date Orgaized by	Type of Meeting	Location
November 28, 2019 Kotak Securities Limited	Group Meetings	Bangalore

A copy of the presentation 1s attached herewith and is placed on the Company's Website.

Please take the same on record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

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Company Secretary

Encl: as above

Phone: +91-80-4257 8000 Fax: +91-80-4147 9384 Email : hslblr@himatsingka.com Website : www.himatsingka.com CIN : L 17112KA 1985PLC006647

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© Himatsingka Seide, 2019 1

SAFE HARBOUR DISCLAIMER

This presentation may contain statements about events and expectations that may be “forward looking,” including those relating to general business plans and strategy of Himatsingka Seide Limited (“HSL"), its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of risks and uncertainties, including future changes or developments in HSL's business, its competitive environment, its ability to implement its strategies and initiatives and respond to technological changes and political, economic, regulatory, market and social conditions in India and abroad. None of the projections, expectations, estimates, or prospects in this presentation should be construed as a forecast implying any indicative assurance or guarantee of future performance, nor that the assumptions on which such future projections, expectations, estimates, or prospects have been prepared are complete or comprehensive. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation thereto shall be deemed to constitute an offer of, an offering memorandum, a recommendation or an invitation by or on behalf of HSL, to sell or subscribe for or purchase any of it’s equity shares or other security and should not, in whole or in part, form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of HSL.

By accepting this presentation, the recipient acknowledges and agrees that this presentation is strictly confidential and shall not be copied, published, distributed or transmitted to any person, in whole or in part, by any means, in any form under any circumstances whatsoever. The recipient further represents and warrants that: (i) it is lawfully able to receive this presentation under the laws of the jurisdiction in which it is located, and / or any other applicable laws, (ii) it is not a U.S. person, (iii) this presentation is furnished to it, and has been received, outside of the United States, and (iv) it will not reproduce, publish, disclose, redistribute or transmit this presentation, directly or indirectly, into the United States or to any U.S. person either within or outside of the recipient's organization.

The information in this presentation has been compiled from publicly available information and in relation to information about its present organization and / or past performance, management information and estimates by HSL and is subject to change without notice. In compiling and providing the information provided in this presentation, HSL has relied on information obtained from publicly available outside sources which are reasonably believed to be reliable, but HSL does not guarantee its accuracy or completeness. HSL may alter, modify or otherwise change in any manner the content of this presentation, without any obligation, express or implied, to notify any person of such change or changes. The Company does not undertake to update any forward looking statements that may be made from time to time unless it is required by the law. This presentation is confidential, and may not be copied or disseminated in any manner. This presentation is not for publication or distribution, directly or indirectly, in or into any jurisdiction including the United States, Canada, or Japan These materials are not an offer or solicitation of any offer of securities for purchase or sale in or into the United States, Canada, or Japan.

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© Himatsingka Seide, 2019

HIMATSINGKA GROUP

One of the world’s largest integrated Sheeting producer; Current Capacity at 61 MMPA

World’s largest Spinning plant under one roof; equipped with 211,584 Spindles. One of the World’s largest Integrated Terry Towel plant; Capacity of 25,000 Tonnes Per Annum.

Amongst the top producers globally of luxury Drapery and Upholstery fabrics for residential and contract applications With over 12 licensed and or own brands; operate amongst the largest brand portfolios in home textile space.

Global leader in the cotton track and trace space, using patented DNA tagging technology under own Cotton brands.

Presence across North American, European and Asian regions.

• 2 manufacturing campuses spread over 400 acres; 10,000 employees

As of March 31, 2019, Total Assets – INR 5,205 Crores; Total Revenues - INR 2,654 Crores.

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GROUP STRUCTURE

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PROMOTERS
47.6%
HIMATSINGKA SEIDE, INDIA
100% 100% 49%
HIMATSINGKA WOVENS, INDIA HIMATSINGKA HOLDINGS, NA TWILL & OXFORD, UAE
100% 100%
HIMATSINGKA EUROPE LTD,
HIMATSINGKA AMERICA, USA
UK
MANUFACTURING BUSINESSES / PARENT
RETAIL & DISTRIBUTION BUSINESSES
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THE HIMATSINGKA MODEL

DESIGN STUDIOS IN MILAN, NEW YORK & BANGALORE

VERTICAL INTEGRATION DRIVING SCALE, SUPPLY CHAIN CONTROL & COST OPTIMIZATION

B TO B DISTRIBUTION THROUGH RETAILERS OFFICES IN LONDON, NEW YORK, MILAN & BANGALORE B TO C DISTRIBUTION - OWN STORES & .COM WAREHOUSES IN ITALY, USA & INDIA

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• LEADING
BRANDS
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• POWER OF
INTEGRATION
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• VERTICAL
MANUFACTURING
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INTEGRATED MANUFACTURING SOLUTIONS

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• MMPA – MILLION METRES PER ANNUM

• **TPA – TONNES PER ANNUM

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OUR VALUE CHAIN

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FARM – WORLD’S LARGEST CONSUMER OF PIMA COTTON. WORK CLOSELY WITH FARMERS

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SPINNING – WORLD’S LARGEST PLANT UNDER ONE ROOF, FOCUSED ON FINE & ULTRA FINE PRODUCTS

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WEAVING – OVER 700 LOOMS ACROSS SHEETING, NEW TERRY PLANT & DRAPERY & UPHOLSTERY

PROCESSING – SHEETING - 61 MMPA; TERRY – 25,000 TPA; D&U – 2 MMPA CUT & SEW – ALL IN HOUSE, VERY FLEXIBLE WAREHOUSING – IN INDIA, ITALY AND USA DISTRIBUTION – SALES , SOURCING & CLIENT SERVICING OFFICES IN NEW YORK, LONDON, MILAN & BANGALORE

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DRIVING INTERGRATION

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STRONG BRAND PORTFOLIO

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STRONG CLIENT PROFILE

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GLOBAL REACH - 12,000 POINTS OF SALE
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COMPREHENSIVE PRODUCT PORTFOLIO

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BASIC
BEDDING
TOWELS TOWELS
200 – 1000 TC
FINE COUNT
BATH
FASHION COTTON
ROBES
BEDDING YARN
BATH
UTILITY DRAPERY ACCESSORIES
BEDDING FABRICS &
TABLE LINENS
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TOTAL HOME SOLUTIONS

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PATENTED COTTON TRACK & TRACE TECHNOLOGY

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DNA Tagged Fiber to Finished Goods
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DNA marker sprayed onto raw DNA-marked Bale DNA-marked Greige DNA-marked Sheet
cotton fiber Yarn
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Verify Authenticity at Any Following Steps
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THE HIMATSINGKA EDGE

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PROVEN TRACK
RECORD
ROBUST CLIENT
POWER OF
BASE & DEEP
INTEGRATION
RELATIONSHIPS
GLOBAL LEADER
IN COTTON TRACK
& TRACE
TECHNOLOGY
STRONG BRAND AMONG TOP 5
PORTFOLIO PLAYERS ACROSS
85% OF REVENUE OUR BUSINESSES
FROM BRANDS GLOBALLY
WORLD CLASS
MANUFACTURING STRONG CORE
CAPABILITIES VALUES
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DRIVING SUSTAINABLE VALUE FOR STAKEHOLDERS

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GROUP CHALLENGES & RISKS

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MARKET
CONCENTRATION
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RISK
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North America concentration at approximately 80%.

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Potential to
increase non US
revenues to over
40% in the next 2-
3 years
Will be focused on
European region
through FY21
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MITIGATION
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PRICING POWER
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Product category has low pricing power across geographies

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Increasing pricing
power through
enhancing brand
portfolio
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FOREIGN EXCHANGE
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All Manufacturing revenues for export markets subject to foreign exchange volatility.

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Robust risk
management
policies in place
however volatile
movement in
underlining
currencies is a
concern.
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RAW MATERIALS
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Cotton is predominant raw material and therefore there is an underline exposure to volatility in global raw cotton price movements.

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Enhanced
integration levels
by foring into
spinning will help
absorb some
volatility.
However, global
raw cotton price
movements will
continue to have
an impact on
profitability.
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INDUSTRY OVERVIEW – OPPORTUNITIES FOR GROWTH

GLOBAL TEXTILE & APPAREL TRADE IS ESTIMATED TO GROW AT 4.5% – 5.5%, LIKELY TO TOUCH USD 1 TRILLION BY 2023.

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530 Billion 821 Billion 1 Trillion
2006 2018 2023
World Textile & Apparel Trade (in USD billion)
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(Source: International Trade Statistics 2019, WTO)

INDIA’S SHARE OF US IMPORTS FOR COTTON MADE-UPS AND TERRY TOWELS HAVE GROWN FROM 16.8% IN 2008 TO 38.0% IN 2018. THERE IS SCOPE TO GROW FURTHER.

CAGR 8.0%

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16.8%
2008
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38.0%
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2018
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US Imports : % Share of India
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(Source: OTEXA, Department of Commerce, United States of America)
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INDUSTRY OVERVIEW – OPPORTUNITIES FOR GROWTH

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INDIAN TEXTILE INDUSTRY
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2018-19
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$100 Billion
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2026
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$220 Billion
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EXPORTS
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$37 Billion
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$91 Billion
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DOMESTIC
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$63 Billion
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$129 Billion
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HOME
GLOBAL TEXTILE INDUSTRY
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$95 Billion
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$140 Billion
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KEY STATISTICS – IMPROVING PERFORMANCE

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TOTAL REVENUE (Rs. Crs / CAGR 5 Yrs (%))
2,654
2,267
2,152
2,028
1,943 1,910
+5.53%
13-14 14-15 15-16 16-17 17-18 18-19
EBIT (Rs. Crs / CAGR 5 Yrs (%))
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EBIT (Rs. Crs / CAGR 5 Yrs (%))
478
394
333
248
177
150
+26.09%
13-14 14-15 15-16 16-17 17-18 18-19
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EBITDA(Rs. Crs / CAGR 5 Yrs (%))
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587
466
391
314
222
205
+23.41%
13-14 14-15 15-16 16-17 17-18 18-19
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PAT (Rs. Crs / CAGR 5 Yrs (%))
202 197
182
125
95
63 +25.59%
13-14 14-15 15-16 16-17 17-18 18-19
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KEY STATISTICS – LEVERAGE RATIOS

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NET DEBT / EQUITY
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1.70
1.63
1.13
1.04 1.00 0.99
13-14 14-15 15-16 16-17 17-18 18-19
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INTEREST COVERAGE RATIO
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4.49
3.56 3.60
2.65
2.07
1.81
13-14 14-15 15-16 16-17 17-18 18-19
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2.57
2.48
2.34
1.97
1.28
0.98
13-14 14-15 15-16 16-17 17-18 18-19
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NET DEBT / EBITDA
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4.28
4.13
3.88
3.25
2.93
2.82
13-14 14-15 15-16 16-17 17-18 18-19
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KEY STATISTICS – RETURN RATIOS

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RETURN ON CAPITAL EMPLOYED (RoCE)
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15.6%
14.4%
13.4%
12.4%
11.5%
10.4%
13-14 14-15 15-16 16-17 17-18 18-19
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18.6%
17.6%
15.0% 14.9%
12.4%
9.1%
13-14 14-15 15-16 16-17 17-18 18-19
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“Focused on
sweating
assets”
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KEY STATISTICS – H1 FY20

Particulars	H1 FY20	H1 FY19	% Change
Total Income	1,297.96	1,300.27	-0.2%
EBITDA	283.68	288.43	-1.6%
EBITDA Margin (%)	21.9%	22.2%
EBIT	230.83	235.87	-2.1%
EBIT Margin (%)	17.8%	18.1%
PBT (Before Exceptional Item)	140.01	158.65	-11.8%
PBT Margin (%)	10.8%	12.2%
PAT (Before Exceptional Item)	85.97	97.31	-11.7%
PAT Margin (%), Before exceptional Item	6.6%	7.5%
PAT	79.33	97.31	-18.5%
PAT Margin (%)	6.1%	7.5%

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KEY STATISTICS – H1 FY20

Particulars	H1 FY20	H1 FY19	Change
Total Assets	5,184.13	4,702.36	481.77
Total Debt	2,697	2,510	187.79
Cash & Cash Equivalents	214	242	(28.56)
Net Debt	2,484	2,267	216.35
Ratios
ROCE (excl CWIP Capital)	13.05%	14.41%
ROE	13.16%	16.37%

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WORKING DIRECTLY WITH FARMS – OUR COTTON BRANDS

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MANUFACTURING FACILITIES

SPINNING

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MANUFACTURING FACILITIES

SPINNING

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MANUFACTURING FACILITIES

WEAVING

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MANUFACTURING FACILITIES

PROCESSING

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MANUFACTURING FACILITIES

TERRY - WEAVING

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MANUFACTURING FACILITIES

TERRY - PROCESSING

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MANUFACTURING FACILITIES

TERRY – MADE UP

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MANUFACTURING FACILITIES

WAREHOUSE

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BRANDS

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BRANDS

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BRANDS

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BRANDS

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THANK YOU

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