Vaibhav Global Limited has informed the Exchange about Investor Presentation
VAIBHAV GLOBAL LIMITED
Ref: VGL/CS/2023/115
Date: 31st October, 2023
National Stock Exchange of India Limited (NSE) Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra, Mumbai – 400 051 Symbol: VAIBHAVGBL
BSE Limited Phiroze JeejeeBhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532156
Subject: Financial Results - Investor Presentation
Dear Sir / Madam,
Pursuant to regulation 30(6) of the SEBI (LODR) Regulations, 2015 please find enclosed Financial Results- Investor Presentation of Q2 and H1 FY24.
This is for your information and record.
Thanking you,
Yours Truly,
For Vaibhav Global Limited
Sushil Sharma Company Secretary
E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: 91-141-2770648, Fax: 91-141-2770510
Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur – 302004, Rajasthan, India • Phone: 91-141-2601020, Fax: 91-141-2605077
CIN: L36911RJ1989PLC004945 • Email: investor_relations@vaibhavglobal.com • Website: www.vaibhavglobal.com
Vaibhav Global Limited
Global Retailer on TV and Digital Platforms of Fashion Jewellery, Lifestyle Products and Accessories
Results Presentation: Q2 and H1 FY24
Disclaimer
This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of
strategic initiatives, and other statements relating to Vaibhav Global Limited (VGL) and its group companies’ future business
developments and economic performance. While these forward-looking statements indicate our assessment and future expectations
concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments
and results to differ materially from our expectations.
These factors include, but are not limited to, general market, macro‐economic, government and regulatory trends, movements in currency
exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties
dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Vaibhav Global
Limited undertakes no obligation to periodically revise any forward-looking statements to reflect future/likely events or circumstances.
2
MD’s Message
Sales for the quarter were Rs. 705 crores, an increase of 9.1% over same quarter of last fiscal year. Gross margins in Q2 FY24 came in at 61.4% of the revenue. We are the only company in our peer group that has its own manufacturing set-up in addition to a global sourcing base. This vertically integrated supply chain has enabled us to consistently maintain gross margins above 60%. Better pricing and operational efficiencies enabled us to improve profitability margins. EBITDA margin for the quarter was 9.5% of revenue vs 8.1% in Q2 FY23. In absolute terms, EBITDA was higher by 29% YoY suggesting operating leverage.
In Germany, our proprietary teleshopping channel- Shop LC will now be airing on HD channels in 13mn and 2mn households through Vodafone and Tele Columbus network respectively. With these distribution arrangements, Shop LC (Germany) is now present in approx. 95% households thus further strengthening our visibility and market share. Publicly available data suggests that broader macro challenges in the US have peaked out with a gradual rebound in consumer demand and confidence. The UK economy, however, grapples with an ongoing 'cost of living crisis' exacerbated by increased mortgages, rentals, and inflationary pressure. Nevertheless, our endeavour is to engage with our existing customers better as well as expand our reach. Today our broadcast coverage is approx. 139 million homes which is ~4% higher QoQ.
Further, the four R’s, widening Reach, new customer Registration, customer Retention and Repeat purchases, remain our key priorities for overall growth. The reach of our TV networks by the end of Q2 FY24 was approximately 139 million TV homes. New registrations in the trailing 12-month period came in at 3.1 lakhs. Our customer retention rates stood at 37% on TTM basis, vis-à- vis 40% of last year. Customers bought an average of 23 pieces on TTM basis.
Our dedication to sustainability and community welfare continues to be our priority. I am pleased to share that this quarter we touched the milestone of donating 81 million meals to school children since the inception of our mid-day meal programme called ‘Your Purchase Feeds…’. This initiative aligns with our commitment to making a positive impact on the communities.
Commenting on Q2 FY24 results,
Mr. Sunil Agrawal, Managing Director, Vaibhav Global Limited said:
As I conclude, I would like to emphasize that over the period we have exhibited resilience in our performance. Thanks to our recent acquisitions, we are now revising our guidance. In FY24, we expect the topline to grow between 13% to 15% and in the high-teens range in FY25 with decent operating leverage. We are confident in our business model, value proposition and execution abilities and hence in the mid to long term period, we expect to maintain revenue growth rate in the mid-teens range.
We continue to reward our shareholders and despite major investments undertaken recently, the Board has declared a second interim dividend for this financial year of Rs. 1.50 per equity share.
3
Table of Contents
Company Overview
Business Overview
Recent Acquisitions
Operational & Financial Highlights
Financial Performance Trends
Annexures
6
10
24
27
38
43
4
Q2 & H1 FY24 Highlights
Revenue growth of 9.1% YoY
Gross margins at 61.4% owing to better pricing and strength of vertically integrated business model
EBITDA margin at 9.5% vs 8.1% in Q2 FY23. YoY improvement on account of better pricing and cost rebase
Unique customer base at 4.5 lakhs with new registration number at 3.1 lakhs on TTM basis
Sustained investments towards households' expansion and presence on digital platforms
Declared second interim dividend of Rs. 1.50 per equity share
▪ Acquired 100% equity of Mindful Souls- an e-com company of personal care and selflove products ▪ Bought assets of Ideal World- a major teleshopping brand in UK
81 million meals since inception of mid-day meal program ‘Your Purchase Feeds…’. Serving ~ 46k meals per school day
5
Company Overview
Guiding Pillars That Defines VGL
OUR VISION
Be the Value Leader in Electronic
Retailing of Jewellery & Lifestyle
Products
OUR MISSION To deliver one million meals per day to children in need by ‘FY31’ through our one for one meal program- ‘Your Purchase Feeds…’
CORE VALUES
Team-Work
Honesty
Passion
Positive Attitude
Commitment
9
About Us
Vertically-integrated Digital Retailer of fashion jewellery & lifestyle products ▪ End-to-end B2C business model ▪ Presence through proprietary TV channels and
digital platforms
Strong Management and Governance
▪ Professional management team ▪ Experienced Independent Board
Solid Infrastructure Backbone
▪ Continued investment in building digital
capabilities
▪ Scalable model with limited capex requirement
Strong Customer Visibility
▪ TV Homes accessed (*FTE): ~ 139 mn
households
▪ Growing digital presence
Exceptional one for one social program – ‘Your Purchase Feeds…’ ▪ Every piece sold results in one meal for
school-going child
▪ Served 81 million meals till date
Robust Customer Engagement
▪ Omni-channel B2C retail presence ▪ Cross selling potential
*FTE: Full Time Equivalent
10
An Evolving Journey
Started Gemstones business
Started Jewellery manufacturing for B2B
Listing on stock exchange
1980
1996
1997
Ventured into 'Lifestyle Products' category, name changed to Vaibhav Global Ltd.
2013
2016
Shifted strategy towards 'value conscious offering'
2008
06-07
Started own TV channels in UK, US and Germany
20-21
2021
2023
Augmented sales network through Apps, Marketplaces, OTT, OTA and Social Media
UK: Started ‘TJC Beauty’ channel for beauty products
Re-entered Germany
Acquired ‘Ideal World’ and ‘Mindful Souls’
9
Business Overview
E-tailing in High Potential Markets (USD 20 bn)
US
UK
GERMANY & AUSTRIA
Opportunity size
$14- $15 bn
$2-$2.5 bn
~$3 bn
➢ Target customers: Baby Boomers (65+ years) & Gen X (45+ years)
➢ Value-buying proposition of $25-$45
➢ Widest product range comprising ~25,000 SKUs
* Statista, Marketresearch.com and industry estimates
13
Strategic Enablers
An Efficient Interplay of
1. Omni-Channel Presence
(Proprietary TV, Website, Apps, OTT, Marketplaces & Social Media)
3. Wider Product Bouquet
2. Vertically Integrated Supply Chain
4. In-House Brand And Innovation
14
1. A Global Retailer on TV and Digital Platforms
PROPRIETARY ‘TV CHANNELS’
‘DIGITAL’ PLATFORMS
Proprietary Digital Platform
Mobile Applications
www.shoplc.com www.tjc.co.uk www.shoplc.de
Third Party Marketplaces
Social Retail
Google Marketplace
Reaching TV homes through Cable, Satellite and OTA broadcasts (Over The Air)
OTT Platforms
15
2. Vertically Integrated Supply Chain
Manufacturing in Asian countries
Serving
Selling in western countries
Primary Retail Markets
USA
UK
Germany
India & China
Resulting in industry leading gross margin of 60%+
16
2. Complemented by a Robust Sourcing Base
(US)
(UK)
(Germany )
Sourcing Countries
▪ India ▪ China ▪ Thailand ▪ Indonesia ▪ Tanzania ▪ Russia ▪ Morocco ▪ Myanmar ▪ Madagascar ▪ Bolivia ▪ Kenya ▪ South Korea ▪ Vietnam ▪ Brazil ▪ Sri Lanka
▪ UK ▪ Mozambique ▪ Germany ▪ Italy ▪ Turkey ▪ Poland ▪ Singapore ▪ UAE ▪ Japan ▪ Bangladesh ▪ Philippines ▪ Czech
Republic
▪ Taiwan ▪ Australia ▪ US
17
Sourcing Countries
3. Constantly Reimagining Growth Through New Designs & Products
Fashion Jewellery & Gemstones
Some of the best-selling products
▪ ~14K-15K new jewellery designs launched annually
▪ In-house testing lab and manufacturing
Hanabi Cut Ring
Rhapsody Tanzanite Ring
Life-Style Products
▪ A rich product basket of ~5000 unique SKUs
▪ Facilitated by innovation & global sourcing base of 30 countries
Shungite Water Bottle
Soul Smart Watch
18
4. Strengthening Own Brand Portfolio
•
Leveraging manufacturing & digital capabilities
USA
UK
Germany
• Number of brands: 31
• Current revenue mix: ~29% of B2C revenue
•
•
•
•
Target
revenue mix: ~50% by FY27 of B2C
revenue
Strategic brand matrix (price laddering and
offering)
Increase repeats and retention using Brand
Archetype Frameworks
Inorganic opportunities (example: Rachel Galley,
Mindful Souls, Ideal World)
19
4. ‘Innovation’ Focused
34,300+ Ideas Generated
4,300+ Ideas Approved
1,830+ Products sold
15,600+ Ideas Proposed to Buyers Crowdsourcing of Ideas From employees, customers and external stakeholders
2,730+ Orders Placed
Global Search Program A Global product innovation and search program
Other Programs
Revenue contribution of ‘new items introduced’ (TTM basis):
~70%
20
RESULTING IN
Top decile shareholders’ returns
Growing Consistently
Parameters (Rs. in crores)
Revenue
EBITDA
Profit Before Tax
Profit After Tax
Net Worth
FY 98
43.6
6.2
5.4
5.3
21.8
FY 23
2,690.9
227.3
141.4
105.1
1,201.3
CAGR (25 years)
Return (x times)
17.9%
15.5%
13.9%
12.7%
17.4%
62
37
26
20
55
~25% CAGR in market cap. since IPO (~388 times), excluding dividend
22
With Consistent Business Delivery
Global Households Reach (in million)
127
135
139
106
Repeat Purchases (no. of pieces)
27
27
23
23
FY21
FY22
FY23
Sep-23
FY21
FY22
FY23
Sep-23
Reach
Repeat Purchases
Note: Households numbers for past period have been reinstated due to change in methodology by the transponders
23
With Consistent Business Delivery
Retention (20+ Purchases)*
89.3%
88.9%
86.6%
87.0%
Spend per customer^ (in $)
705
685
718
654
800
700
600
500
400
FY21
FY22
FY23
Sep-23
FY21
FY22
FY23
Sep-23
Retention Rate
Spend per customer
* Retention data comprises Shop LC (US) and Shop TJC (UK) * Refers to retention rate of customers who have bought more than 20 times on TTM basis ^ Sept-23 numbers are calculated on TTM basis
24
Broad Based E-tailer
B2C Revenues by Format
B2C Revenues by Product Category
TV revenues
Digital revenues
37%
63%
FY23
39%
61%
H1 FY24
Jewellery
Lifestyle
27%
73%
FY23
27%
73%
H1 FY24
12%
88%
FY18
Jewellery : Fashion Jewellery, Gemstones and Accessories Lifestyle : Home Décor, Beauty & Hair Care, Apparels & Accessories
B2C Revenues by Geography
Budget Pay penetration of B2C Revenues
US
UK
Germany
Non-Budget Pay revenues
Budget Pay revenues
27%
73%
FY18
26%
74%
5% 27%
68%
7% 27%
66%
FY18
FY23
H1 FY24
Revenue breakup based on figures in USD million
36%
64%
FY18
39%
61%
39%
61%
FY23
H1 FY24
Budget Pay revenues refer to products sold on EMI basis
25
Recent Acquisitions
Ideal world
About the company
Lifestyle Products
Key Business Matrixes
Opportunities
• Brand legacy: 21 yrs+ • Presence in 27
million households • Serving customers in
UK & Ireland • Sale platform: TV and Digital
• Home decor • Health & Beauty • Apparels • Accessories
• Turnover £60mn (FY23) • ASP: ~£25 • Customer Base ~480K • Purchase consideration:
£1.125mn (upfront payment)
• Operational
efficiencies: lean cost structure
• Leverage VGL’s sourcing
& manufacturing capabilities
• Market share expansion
• Expect to breakeven in next 12 months • To surpass pre-acquisition revenue profitably in 3-5 years
Mindful Souls
About the company
• Incorporated in 2018
in Netherlands
• Serving customers in
o US o Canada o UK & EU o Australia
Personal Care & Selflove Products • Fashion Jewellery
& Gemstone • Home decor • Other lifestyle
products
Key Business Matrixes • 2022: o Turnover : €18mn o PBT margin: 10% • Active Customer Base
• Purchase consideration:
~127K
€12.5mn:
o €9mn upfront payment o €2.3mn deferred
consideration (2 yrs.)
o €1.2mn contingent
consideration
Opportunities • Digital learning • Expansion outside US • Cost synergies • VGL’s product knowledge
• Global sourcing & manufacturing capabilities of VGL Group
Q2 FY24 Operational & Financial Highlights
Being Resilient
▪ Growth primarily driven led by improved
Revenue and EBITDA trend
product offering and increased household
penetration
▪ Positive outlook for upcoming season
▪ Improvement in EBITDA owing to
➢ Better pricing
➢ Operational efficiencies
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
10.5%
8.1%
1.8%
8.0%
1.1%
10.0%
4.8%
9.5%
9.1%
Q2 FY23
Q3 FY23
Q4 FY23
Q1 FY24
Q2 FY24
-3.6%
YoY Revenue Growth
EBITDA %
27
An update on Germany
Germany venture increase in TAM (immediate addressable market) by ~20%
▪ Now clocking monthly revenue of Euro 1.86 mn+ at 60%+ gross margins
▪ Omni-channel presence (digital is now 28%)
▪ Presence in 42 million households
▪ Dispatching 3.6k+ pieces/day
▪ Positive customer orientation: CSAT 96%+
) n m o r u E n i ( e u n e v e R
5.0
4.0
3.0
2.0
1.0
-
Revenue and Customer Trend
72
4.5
63
3.8
81
5.8
40
3.6
52
4.2
31
2.6
Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24
90 80 70 60 50 40 30 20 10 -
) 0 0 0
'
n i (
s r e m o t s u c
f o
.
o N
No. of HH (in millions)
40
40
42
27
27
27
45
40
35
30
25
20
15
10
5
-
Net Revenue (Euro in mn)
Cumulative No. of customers (in '000)
Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24
28
Germany: Consolidating Customer Reach
▪ Partnered with Vodafone
and
Tele
Columbus’ HD channels:
▪ Vodafone: 13 million HD households
▪ Tele Columbus: 2 million HD households
▪ HD broadcasting rights to further strengthen
visibility and market share gains
▪ 95% household penetration within 2 years of
Till March-2023
Partnerships leading to
operations
Presence Households in Germany
in
60%
After March-2023
present
Now Households
in
~95%
27mn households (incl. 2 mn in Austria)
~42 mn households (incl. 2mn in Austria)
Positioned alongside market leaders in terms of household penetration
29
Widening Digital Presence OTT: Huge Growth opportunity
In US, OTT’s are projected to be the fastest growing video distribution medium
US internet connected device installed base, 2016 to 2026
Live & Interactive Apps
Shop LC (US) OTT Revenue (USD '000)
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
Q1 2023-24
Q2 2022-23
Q3 2021-22
Q4 2020-21
By 2026, there would be 1.1 bn connected devices in US, implying 3 devices per person- ‘A HUGE OPPORTUNITY FOR OTT ’
30
Capitalizing Cord Shifting through OTA
Our target demographics prefer watching traditional Pay-TV
% of population having TV (age group wise)
86%
81%
80%
66%
73%
65%
46%
34%
18-29
30-49
50-64
65+
2015
2021
Expanding presence through OTA
Total OTA HH in US: 23mn
Shop LC’s Presence Low Power: ~18mn HH Full Power: ~5mn HH
Revenue Mix ~31% of TV revenue
Source: PEW Research and Industry Estimates
HH: Households
31
Financial Highlights – Q2 FY24 Performance
Fashion Jewellery, Lifestyle Products & Accessories (Rs. Cr)
Total Revenue
5 years CAGR 9%
646
9.1%
705
900
800
700
600
500
400
300
200
100
500
450
400
350
300
250
200
150
100
50
-
TV Revenue
5 years CAGR 7%
2.3%
406
397
Digital Revenue
5 years CAGR 19%
13.0%
263
233
400
350
300
250
200
150
100
B2B Revenue
36
16
50
45
40
35
30
25
20
15
10
5
-
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
Note: B2B has been non-core and opportunistic business segment
33
32
Financial Highlights – Q2 FY24
Revenue – (Local Currency)
Shop LC (US)
5 years CAGR 4%
(USD million)
53.8
3.3%
52.0
Shop TJC (UK)
5 years CAGR 8%
(GBP million)
18.5
2.2%
18.1
42.1
12.4
Q2 FY19
Q2 FY23
Q2 FY24
Q2 FY19
Q2 FY23
Q2 FY24
34 34
33
Retail Performance Trends – Q2 FY24
TV Sales
Sales Volume ('000s)
1,411
1,236
Average Selling Price US$
35.3
39.7
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
Sales Volume ('000s)
1,099
1,066
Digital Sales
31.0
26.0
21.0
16.0
Average Selling Price US$
26.6
29.9
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
35
35
1,100
600
100
1,200
1,100
1,000
900
800
700
Financials – Q2 FY24 Performance
Gross Profit (Rs. Cr) and Margin (%)
EBITDA (Rs. Cr) and Margin( %)
Gross Margin (%)
60.9%
394
61.4% 9.9% 433
EBITDA Margin (%)
8.1%
52
9.5%
28.6% 67
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
PAT (Rs. Cr) and PAT Margin %
EPS (Rs.)
PAT Margin (%)
3.6%
23
4.1% 25.6% 29
1.4
1.8
Q2 FY23
Q2 FY24
Q2 FY23
Q2 FY24
36
36
EBITDA Margin Walk
Particulars
EBITDA Q2 FY23
Gross Margin
Germany
Logistics cost
EBITDA Q2 FY24
Remarks
% to Revenue
8.1%
0.5%
Better pricing
(0.2%)
Impact pertains to currency conversion
1.1%
Cost renegotiation and volume
9.5%
37
37
Financial Performance Trends
Revenue Breakdown – (Rs. crore)
Financial Performance Trends
5 years CAGR: 11.4%
2,540
2,752
2,691
1,571
1,814
1,986
1,275
1,363
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY23
H1 FY24
Fashion Jewelry, Accessories & Lifestyle Products (Rs. Crore)
5 years CAGR: 10.4%
5 years CAGR: 21.2%
TV Revenue 1,606 1,699 1,633
Digital Revenue
986
977
909
997 1,157 1,285
784
798
373
633
510
453
500
B2B Revenue
201
147
69
67
81
25
65
38
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY23
H1 FY24
FY18 FY19 FY20 FY21 FY22 FY23
H1 FY23
H1 FY24
FY18 FY19 FY20 FY21 FY22 FY23
H1 FY23
H1 FY24
39
39
Retail Performance Trends
TV Sales
Sales Volume ('000s)
5737
6,275
6,070
7,837
6,998
5,331
Average Selling Price US$
27.0
26.5
29.9
27.7
32.6
38.0
36.3
40.8
2,751
2,373
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY23 H1 FY24
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY23 H1 FY24
Digital Sales
Sales Volume ('000s)
5,409
5,477
4,113
3,522
2,840
4,428
2,268
1,996
Average Selling Price US$
20.4
20.7
21.7
22.7
24.2
27.4
25.5
30.4
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY23 H1 FY24
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY23 H1 FY24
40
40
Financials – Annual Financial Performance
Shareholders’ Equity (Rs. Cr)
Fixed assets including intangibles (Rs. Cr)
1,127
1,203
1,224
964
494
511
602
697
751
550
120
117
163
192
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY24
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY24
Net Debt (Rs. Cr)
Net Assets* (Rs. Cr)
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY24
(13)
(181)
(194)
(26)
(93)
(167)
417
399
394
395
540
525
648
Note: Negative net debt even after recent acquisitions reflects strength of our balance sheet and robust cash generating business model
Net Assets is balancing figure arrived at by excluding shareholders equity, net debt, and fixed assets including intangibles
(377)
FY18
FY19
FY20
FY21
FY22
FY23
H1 FY24
41
41
Financials Performance Trends & Ratios
Operating Cash flow (Rs. Cr)
324
203
211
38
126
86
85
Free Cash Flow (Rs. Cr)
268
181
176
20
(214)
90
55
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY24
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY24
ROE (TTM)
32%
25%
26%
23%
23%
9%
10%
ROCE (TTM)
61%
46%
37%
27%
31%
14%
16%
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY24
FY18
FY19
FY20
FY21
FY22
FY23 H1 FY24
42
42
Annexures
Growth In Digital Commerce Markets
Broader macro challenges tapering down
UK
30.9%
27.8%
26.5% 25.9% 25.5%
US
14.0% 14.6% 14.5% 15.3%
11.0%
UK
▪ Muted consumer sentiments
▪ Cost of living crisis
▪ Resultant industry wide stagnancy
19.1%
in online sales mix
US
▪ Gradual recovery in consumer
demand and confidence
Source: United States Census Bureau www.census.gov. And Office for National Statistics www.ons.gov.uk
44
44
Robust Corporate Governance
H1 FY24
~Rs. 50 crores
Interim Dividends
Awards & Accolades
India Risk Management Award from ICICI Lombard & CNBC-TV18
LEED’s PLATINUM & GOLD Certification
Dividend Payout Policy
‘Net Zero Energy Building’ certified
▪ 20-30% of consolidated free cash flows ▪ Balance
resource
between shareholder reward
conservation
and
B S R & Co. LLP Statutory Auditors
Credit Rating Long-term ICRA A (Stable Outlook)
DELOITTE Internal Auditors
CARE A (Stable)
Credit Rating Short-term ICRA A1
CARE A1
ICSI National Award for Excellence in Corporate Governance
India, US, UK & China GPTW® Certified
45
45
Strong & Experienced Management
Mr. Sunil Agrawal Managing Director, VGL Group
Mr. Nitin Panwad Group CFO, VGL Group
Mr. Vineet Ganeriwala President, Shop LC (US)
Mr. Srikant Jha Managing Director, Shop TJC (UK)
Mr. Deepak Mishra Managing Director, Shop LC (Germany)
Mr. Ankur Sogani Vice President, Commercial, Shop LC (US)
Mr. Deepak Sharma Vice President, Operations, Shop LC (US)
Mr. Raj Singh Vice President, Supply Chain, VGL Group
Mr. Pushpendra Singh Vice President, Human Resources, VGL Group
Mr. Mohammed Farooq Group Chief Technology officer
Mr. Ashish Dawra Vice President, Global IT
46
Sustainability Initiatives
ENERGY
Solar 3.23 mw
requirement
Solar power capacity meets 100% power at manufacturing units in Jaipur Generated 13.5 Mn KWH units since inception
EV
184 two-wheelers & 3 four- wheelers employees’ for commute. Replaced 12 buses till date
BIODIVERSITY
~28,000
Saplings planted for developing 2 Miyawaki forests
~7,500
Additional saplings planted till date in office premises, RIICO Garden and Government Schools
WATER 6100 KL Rainwater harvested
per annum
500 KL
Rainwater Storage Tank commissioned
100%
WASTE Conversion degradable (vegetables, leaves) into manure
of
bio- waste food,
2,200 Kg E-waste recycled till date
~1,800 Kg
Plastic waste recycled till date
To Become Carbon Neutral in Scope 1 and 2 GHG emissions by 2031
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Growth With Responsibility
▪ Till date Served 81 million meals
to
underprivileged children through flagship One for
One Program, ‘Your Purchase Feeds…’
▪ Local charity partners
✓Akshaya Patra in India
✓No Kid Hungry and Backpack Friends in US
✓Magic Breakfast & Felix Project in UK
▪ Serving ~46k meals every school day
▪ To serve 1 million meals per day by FY31
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Shareholding Pattern: As on 30th September 2023
Key Shareholders
Holding as on 30th-Sep-23
Nalanda India Fund Limited
10.16%
Motilal Oswal Flexi Cap Fund
Malabar India Fund Limited
Vanguard
Taiyo Greater India Fund
Vijay Kedia
Ashish Kacholia
Government Pension Fund Global
5.26%
5.38%
1.46%
2.10%
1.98%
1.21%
0.32%
Shareholding Pattern
Others
11.30%
Individual - >1%
3.19%
AIF
0.43%
Domestic Institutions (MF)
5.29%
Foreign Institutions (FPI, FII) & NRI
22.66%
Promoter & Promoter Group
57.13%
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VAIBHAV GLOBAL LIMITED
Company: Vaibhav Global Limited Nitin Panwad, Group CFO Nitin.panwad@vglgroup.com Prashant Saraswat Head-Investor Relations Prashant.saraswat@vglgroup.com www.vaibhavglobal.com
Investor Relations Advisors: Adfactors PR Pvt. Ltd. Amit Sharma Amit.Sharma@adfactorspr.com Disha Shah Disha.shah@adfactorspr.com
www.adfactorspr.com