Timex Group India Ltd — Investor Presentation 2021

Oct 27, 2021

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October 27, 2021

The Secretary BSE Ltd. P J Towers, Rotunda Bldg., Dalal Street, Fort Mumbai – 400 001

Scrip Code: 500414

Sub: Intimation under Regulation 30(6) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 - Investor Presentation for Q2 of FY 2022

Dear Sir,

Please find enclosed an Investor Presentation covering the performance highlights of the Company for Q2 of FY 2022.

We have also uploaded the presentation on the Website of the Company at www.timexindia.com

You are requested to take the above on your records.

Thanking you, For Timex Group India Limited

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Dhiraj Kumar Maggo Vice President – Legal, HR and Company Secretary

Regd. Office: E-10, Lower Ground Floor, Lajpat Nagar-III, New Delhi-110024. Tel. : +91 11 410 21297

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Timex Group India Limited Investor Presentation Q2 FY2021-22

27 October 2021

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Disclaime ~~r~~

This presentation may contain certain forward looking statements concerning Timex’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to implement strategy and manage growth, competition (both domestic and international), market demand for products, successful operation of our sales channels, price of our raw materials, economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs, our ability to manage our operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., inflation, foreign exchange rates, interest and other fiscal costs generally prevailing in the economy.

Past performance may not be indicative of future performance. We do not undertake to publicly update our forward-looking statements to reflect subsequent events or circumstances. Timex will not be responsible in any way for any action taken based on such statements.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Timex or any of it’s group companies or any other invitation or inducement to engage in investment activities, neither shall this presentation nor the fact of it’s distribution form the basis of, or be relied on in connection with, any contract or investment decision. The numbers & the contents in this presentation are purely indicative and subject to change.

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Business ~~Update~~

STRONG QUARTER IN TERMS OF TOP LINE AND PROFIT

• E-Commerce channel continued to lead the growth on account of consumer events lined up for Diwali festival.

• Offline retail channel recorded good recovery in most markets across the country.

• New introductions including smart products were well received by the consumer.

• United Colors of Benetton Timewear collection was launched during the quarter.

• Supply chain continues to be challenging with upward trend in commodity prices, material non-availability due to partial

lockdowns in few countries and global shipping constraints.

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The Time ~~x x Coca-Cola Campaign~~

Coca-Cola’s Hilltop commercial is widely considered to be one of the most influential advertisements of all time

First aired in 1971, its themes of unity, inclusion, optimism, and hope perfectly captured the shifting cultural landscape of the 1970s. In the spirit of celebrating this iconic ad, Coca- Cola is re-imagining the Hilltop story for today.

Timex x Coca-Cola are heritage American brands that have come together to celebrate this moment.

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Timex Fri ~~a – Women’s Statement Collection Launch~~

The new Fria Statement Collection embodies the feminine and glamourous woman of today, with a hint of color, unique silhouettes, and bracelets that adorn the wrist like jewelry.

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Helix celebrates its 10[th] anniversary by signing on youth icon Asim Riaz as its brand ambassador

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United Colors of Benetton and Timex Group launch the much-awaited Benetton Timewear collection – a vibrant, colorful range of timepieces With sustainable materials, graphic artworks and the spirit of Benetton

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TGIL Financi ~~al Performance~~

Significant improvement in financial performance

• Total Income has grown by 188% during the quarter as compared to the corresponding quarter last year. During the half-year, Total Income has grown by 221% over the corresponding period last year.

• EBIDTA is at Rs. 1283 lacs during the quarter as compared to negative Rs. 202 lacs during the corresponding quarter last year. EBIDTA for half-year is at Rs. 892 lacs as compared to negative Rs. 1291 lacs during the corresponding period last year.

• Profit before tax is at Rs. 1135 lacs during the quarter as compared to negative Rs. 357 lacs during corresponding quarter last year. Profit before tax during the half-year is at Rs. 607 lacs as compared to negative Rs. 1599 lacs during the corresponding period last year.

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TGIL Financi ~~al Performance – Quarter ended 30~~[th] ~~Sep 2021~~

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Growth
Total Income 188% 2000
EBIDTA
10000
8802 EBIDTA %
9000 1500
1283
8000 25.0%
7000
1000 14.6%
6000
5000
4000 500
3055 5.0%
3000
-6.6%
2000
0
1000 -202 Q2 Q2
0 20-21 21-22
Q2 Q2 -500 -15.0%
20-21 21-22
Rs. in lakhs
Rs. in lakhs
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TGIL Financi ~~al Performance – Half-year ended 30~~[th] ~~Sep 2021~~

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Growth
221% 1500 40.0%
EBIDTA
Total Income 1000 EBIDTA % 892 30.0%
20.0%
15000
7.4%
500 10.0%
13000 12011
0.0%
11000 0
-10.0%
H1'2021 H1'2022
9000
-500 -20.0%
7000 -34.5% -30.0%
-1000
5000 -40.0%
3737
-1291
-1500 -50.0%
3000
H1'2021 H1'2022
Rs. in lakhs
Rs. in lakhs
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TGIL Annual ~~Financial Performance: Total Income~~

Total Income

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26000
25229
24190
24000
22000
21015
19995
20000
18000
16000
14211
14000
12000
2016-17 2017-18 2018-19 2019-20 2020-21
Rs. in lakhs
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Company's operations and financial results for the financial year ended March 31, 2021, have been adversely impacted by the outbreak of COVID-19 pandemic due to which the results are not comparable with previous year.

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TGIL Annual ~~Financial Performance: EBIDTA~~

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EBIDTA
1400
1153
1200 1129
1000
800
600
397
400
200 105
0
2016-17 2017-18 2018-19 2019-20 2020-21
-200
-238
-400
Rs. in lakhs
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Company's operations and financial results for the financial year ended March 31, 2021, have been adversely impacted by the outbreak of COVID-19 pandemic due to which the results are not comparable with previous year.

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TGIL Annual ~~Financial Performance: EBIDTA %~~

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6.0%
4.8%
5.4%
4.0%
1.6%
2.0%
0.5%
0.0%
2016-17 2017-18 2018-19 2019-20 2020-21
-1.7%
-2.0%
-4.0%
-6.0%
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Company's operations and financial results for the financial year ended March 31, 2021, have been adversely impacted by the outbreak of COVID-19 pandemic due to which the results are not comparable with previous year.

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TGIL Annual ~~Financial Performance: PBT~~

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835
800 752
600
400
200
0
2016-17 2017-18 2018-19 2019-20 2020-21
-200
-180
-400
-381
-600
-800
-811
-1000
Rs. in lakhs
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Company's operations and financial results for the financial year ended March 31, 2021, have been adversely impacted by the outbreak of COVID-19 pandemic due to which the results are not comparable with previous year.

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TGIL Shareh ~~olding Pattern~~

	30-Sep-18	31-Dec-18	31-Mar-19	30-Jun-19	30-Sep-19	31-Dec-19	31-Mar-20	30-Jun-20	30-Sep-20	31-Dec-20	31-Mar-21	30-Jun-21	30-Sep-21
Promoters	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%	74.93%
Institutional Investors	0.04%	0.03%	0.03%	0.03%	0.03%	0.04%	0.03%	0.03%	0.03%	0.03%	0.06%	0.03%	0.03%
Public & other shareholding	25.03%	25.04%	25.04%	25.04%	25.04%	25.03%	25.04%	25.04%	25.04%	25.04%	25.01%	25.04%	25.04%
Total	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
Total no. of shareholders	49,870	46,463	46,077	45,470	45,220	44,905	44,988	45,245	45,051	44,447	44,104	43,447	43,472

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49,870 Number of shareholders
50,000
48,000
46,077
46,000 45,220
46,463 44,988 45,051
45,470 45,245 44,104
44,000 44,905 44,447 43,472
43,447
42,000
40,000
30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21
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TGIL Market ~~Capitalization~~

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Timex Share Price vs BSE Small Cap
6 year CAGR: 8%
29000
56
60,000
28000
52,343 52
48,910
50,000 47,850
48
40,430 27000
40,000
35,585 44
29,427
26000
30,000
40
25,187
20,000 36 25000
Sep-15Jan-15 Sep-16Jan-16 Sep-17Jan-17 Sep-18Jan-18 Sep-19Jan-19 Sep-20Jan-20 Sep-21Jan-21 01-Jul-21 21-Jul-21 10-Aug-21 30-Aug-21 19-Sep-21
Market Capitalisation (Rs. in lakh)
Timex BSE Small Cap
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Note: The market capitalization is based on BSE closing prices at the end of the period

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Timex Grou ~~p is America~~ ’ ~~s Oldest Watchmaker, Established in 1854 in Connecticut, USA~~

Designs, manufactures and distributes products to consumers around the world

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167 11+ YEARS OF EXPERIENCE GLOBAL BRANDS

2.7B WATCHES SOLD

120 3,000 DISTRIBUTORS GLOBAL EMPLOYEES

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About TGIL

Timex Group India Limited (TGIL) is a group company of Tanager Group B.V. (formerly known as Timex Group B.V.)

Having entered India in 1988, Timex Group India today has one of the most powerful portfolios of brands in the watch industry. With technological innovation and cutting-edge design, we recognize the tremendous opportunity to leverage the reach and appeal of each brand’s individual identity, personality, and customer base.

Locations

Noida [Headquarters], New Delhi [Registered Office] Baddi, Himachal Pradesh [Factory]

Regional Sales Offices – Noida, Mumbai, Kolkata, Bangalore, Chennai

1988-1990 Joint venture between Timex Group and Jayna Times Industries Ltd.

1990-2000 Joint Venture with Titan Company. JV ended in 2000.

Since 1994 Public Limited Company listed on Bombay Stock Exchange.

Since 2000 Subsidiary of Timex Group Luxury Watches B.V.

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TGIL Board ~~of Directors~~

David Thomas Payne | Chairman

Experience: 22+ years

Qualification: B. Sc. (Computer Science) - University of Alabama & a Juris doctorate from Washington & Lee University

Sharmila Sahai | Managing Director

Experience: 30+ years

Qualification: B.A., Post Graduate Diploma in Marketing Management from the Centre of Management & Development

Sylvain Tatu | Non-Executive Director

Experience: 25+ years

Qualification: Mechanical Engineer, Masters in Business Administration

Pradeep Mukerjee | Independent Director

Experience: 30+ years

Qualification: Masters in Personal Management & Industrial Relations from TISS & IR & B. Sc. from IIT

Gagan Singh | Independent Director

Experience: 30+ years

Qualification: Chartered Accountant and Cost Accountant

Bijou Kurien | Independent Director

Experience: 35+ years

Qualification: PGDBM from XLRI & Science Graduate

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Brand Portf ~~olio~~

One of the strongest portfolios in the watch industry across consumer segments

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TGIL Brand Portfolio

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Additional Global Brands

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Powerful Di ~~stribution Network~~

Nearly 8000 sales touchpoints that enable TGIL to reach consumers across the country

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Multi-Brand Large Format Defence
Doors Stores Canteens
6145 277 1376
Timex World Luxury Retail E-Commerce
Showrooms Doors Partners
43 48 5
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Supply Chai ~~n: We are a True Global Watchmaker, with the Owned Capabilities to Create and Assemble Every Component of a Watch~~

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Middlebury, USA Besancon, France
HQ & Watchmaking Movement Production
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Pforzheim, Germany Lugano, Switzerland Baddi, India Cebu, Philippines Research and Development Watchmaking Manufacturing Manufacturing

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Baddi Plant: ~~Superior Watchmaking & Supply Chain~~

A state of the art SA 8000: 2014 and

OHSAS: 18001:2018 certified watch assembly unit

in Baddi, Himachal Pradesh, India

Land Area: 10,000 sq. meters; Built up area: 3,278 sq. meters.

Assembly of watches from piece parts to complete watch. Currently handling over 50 types of watch – movements.

Assembly capacity of 10 k watches per day.

Includes assembly of digital, Analogue, Ana-Digi, Indiglo®. We have also assembled Smart-bands in the Baddi factory.

Assembly operation starts with assembling of fit-up i.e., by mounting dial and hands on the movement.

Online and Offline Assembly capability to accommodate both high & low volume movements.

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CERTIFICATIONS
SA8000:2014 ISO45001:2018
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TGIL After S ~~ales Service~~

Over 200 locations supported by a Customer Care Call Centre service

Authorized Lead Authorized Authorized Service Workshops Service Centres Service Centres 5 17 205

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