Panache Digilife Limited Investor Presentation May 2017
Disclaimer This presentation has been prepared by Panache Digilife Limited (the “Company”) 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. 2
Table of Contents Financial Highlights 01 Company Overview 02 Industry Opportunity 03 Business Overview 04 Way Forward 05 3
FY17 Financial Highlights
Annual Financial Highlights 60% 83% 108bps Revenue EBITDA EBITDA Margin Rs 78.94 cr Rs 6.80 cr 8.61% 184% 184% 244bps PAT PAT Margin EPS Rs 4.43 cr 5.61 % Rs 10.55 (vs. FY16 – Rs. 3.71) 4
Annual Financial Highlights Revenue (Rs. Crore) EBITDA (Rs Crore)/Margin 8.6% 8 9% 78.94 9% 7 8% 6 8% 49.29 5 6.80 8% 43.23 7.5% 4 8% 7.5% 8% 3 7% 3.24 3.71 2 7% 1 7% 0 7% FY15 FY16 FY17 FY15 FY16 FY17 PAT (Rs. Crore)/ Margin 5.6% 5 6% 5 5% 4 4 4% 4.43 3.2% 3 3 3% 2.4% 2 2% 2 1 1.56 1% 1.02 1 0 0% FY15 FY16 FY17 5
Key Return Ratios RoCE(%) RoE (%) 48.56% 39.28% 34.39% 31.89% 32.80% 32.10% FY15 FY16 FY17 FY15 FY16 FY17 3.73 Debt /Equity 3.35 1.99 FY15 FY16 FY17 6
P&L Highlights Rs. Crs FY17* FY16 YoY % 78.94 49.29 60.15% Total Income from Operations 65.96 39.31 Raw material 2.63 3.28 Employee Cost Other Cost 3.56 2.99 Total Expenditure 72.15 45.58 EBITDA 6.80 3.71 83.29% EBITDA Margin% 8.61% 7.53% 108 bps Interest 1.86 1.68 Depreciation 0.16 0.15 Other Income 0.57 0.55 Exceptional Item 0.01 0.00 Profit Before Tax 5.35 2.44 Tax 0.92 0.88 PAT 4.43 1.56 183.97% PAT Margin% 5.61% 3.17% 244 bps EPS in Rs. 10.55 3.71 7 * FY17 results include performance of subsidiary Wemart Global, incorporated in November 2016
Balance Sheet Highlights Rs. Crs Mar-17* Mar-16 Rs. Crs Mar-17* Mar-16 Non-current assets 3.66 3.58 Shareholder’s Funds 9.12 4.76 0.30 Fixed assets 3.26 3.29 Share capital 4.20 4.46 Deferred tax assets 0.00 0.00 Reserves & Surplus 4.92 Non-current Investments 0.00 0.00 Non-current liabilities 9.23 7.21 Long-term loans & advances 0.00 0.00 Long term borrowings 8.75 6.77 0.30 0.27 Other non-current assets 0.40 0.30 Defer Tax liabilities Other Long-Term liabilities 0.18 0.16 Current assets 59.93 31.45 Long-Term Provisions 0.00 0.00 Current Investments 0.00 0.00 Current liabilities 45.24 23.07 Inventories 15.05 14.09 Short Term Borrowings 9.36 9.18 43.09 14.34 Trade receivables Trade Payables 33.02 9.98 1.11 2.15 Cash & Cash equivalents Other Current liabilities 1.87 2.95 0.00 0.00 Short-term loans & Advances Short-term provisions 0.99 0.96 0.68 0.87 Other Current Assets Total Equities & Liabilities 63.59 35.03 63.59 35.03 Total Assets 8 * FY17 results include performance of subsidiary Wemart Global, incorporated in November 2016
Company Overview
Leading Design and Hardware Products Manufacturer Panache Digilife Limited (Formerly known as Vardhaman Technology Ltd., earlier Vardhaman Technology Pvt. Ltd.) Specializes in manufacturing, distribution and servicing of diverse hardware and embedded system solutions Cost effective electronics manufacturing solutions with high standards of service, delivery and quality • • Diverse product basket ranging Intel Platinum Partner • Focus on productivity, quality from PoS, Kiosks, GPS, TV, • Named Partner for Microsoft and bulk sourcing education and digital signage • ISO 9001:2008 Certified company • quality designing and • solutions Partnerships with renowned global relocation to lower overhead • Caters to domestic and Fortune 500 Companies & labour costs international markets Click to Watch CORPORATE TEASER 9 …with strong Software Capabilities
Journey So Far • Citrix Ready Certification for • Development & introduction of • Entry in IT field • 15.6 and 21.5 All In One Panache Thin Clients • Manufacture of white POS (H/w & S/w),Dual Display launched • Launched Windows 8.1 on SFF & Digital signage boxes for corporate clients • Windows 7 Embedded Embedded Thin Client • Assembling & selling of solutions (H/w & S/w) Thin Clients Launched • Panache NUC • UKAS Accredited ISO 9001:2008 PCs, Laptops • Intel Embedded Hero • GPS and Tracking Solutions • Setup of Manufacturing Certified Company since 2009 Award • BIS Certification for Panache • NABCB Accredited ISO Facility in Daman • Intel Platinum Partner Products • Development & 9001:2008 Certified Company • Microsoft L-OEM Partner since since 2012 since 2009 introduction of integrated 2014 • Intel Awarded Best Innovation LCD PC / PANEL PC, Micro • Panache IPC range of products 2008 PC (SFF – Pentium IV base) launched 2000-05 2006-07 2008-09 2009-10 2011-12 2012-13 2013-14 2015-16 • Development & • Development & introduction of Kiosk • Windows POS Ready 7 Launched • 15.6″ All in One Point of • Best System Builder Award – introduction of Micro Mini (H/w & S/w), IPTV Box Sale with Windows OS • Intel Atom based SFF Launched • Launch of Nano Series of PC (SFF – Core 2 Duo base), 2010 / 2011 / 2012 / 2013 • SME National Award for Point Of Sale Devices Windows XP Embedded PC – Squair PC • Ventured into setting up • Launched Quad Core SFF (5),Intel • Ventured into setup for Excellence in IT 2013 • Panel PC launched Retail Chain for Panache Core i7 Based Systems, PC inside Television • 10″ Intel Architecture base range of products Television manufacturing • In-house LINUX OS & other • Rugged Tablet on Intel Architecture • Panache Air PC – tablets for BFSI launched OS customization with Android OS Smallest Pocket • 10,000 th Crisil NSIC Rating development facility Computer • Thin Clients with Windows 10 Embedded IOT 10
Our Team • Holds a Bachelors Degree in Computer Engineering • Holds a Masters Degree in Marketing from the University of Mumbai & Executive Post – Management from University of Mumbai • Responsible for implementation of Graduate Diploma in Management from IIM, Indore • More than two decades of experience in IT sector business strategies laid down by the Board Amit Rambhia Nikit Rambhia • Responsible for overall management and operations Promoter Chairman & Promoter & Joint Managing Director Managing Director Devchand Rambhia Nitesh Savla Jinkle Khimsaria Whole-Time Director Chief Financial Officer CS & Compliance Officer • Associated with the Company since • Aggregate experience of more than 8 • Company Secretary by qualification and inception years in various positions of Finance a member of Institute of Company • Holds a Diploma in Mechanical Engineering • Responsible for looking after Secretaries of India • Responsible for Legal and Compliance from Board of Technical Examinations accounting, finance and taxation for the Company Department for the Company 11
Business Overview
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