#1TIMEX GUJARAT TITANS OFFICIAL TIMEKEEPERS OF THE TITANS TIMEX AAVADE! वाद TIMEX CHOICE OF THE TITANS PRI TRANS ATHER TATA IPL CAPRI ATHER CEAT Le TATA PL CAPR ATHE TEST CEAT AYZON SOLAR TIMEX TIMEX RA ZON TIMEX#2TIMEXGROUP Timex Group India Limited Investor Presentation May 23, 2023 2#3Disclaimer 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. 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. 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. 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. TIMEXGROUP 3#4Business Update Best ever fiscal year In FY23, the Company delivered highest ever revenue, clocking 45% growth over FY22 FY23 saw the delivery of highest ever PBT, with 821% growth over FY22 Growth was led by Timex brand, fashion and luxury segment and trade and E- Commerce channels Guess and Gc brands added to the Company's portfolio during last quarter of FY22, have added significantly to top line and bottom line during FY23 New products continued to perform well across brands Timex Group acquired Mumbai-headquartered premium watch retail brand 'Just Watches' to widen its retail footprint in the Indian market TIMEXGROUP TIMEX 4#5Timex Group Acquires Just Watches In a significant move, Timex Group has acquired the premium watch retail brand 'Just Watches'. With this deal, Timex India will be taking over all the physical stores of Just Watches and their e-commerce portal - justwatches.com This is in line with Timex India's growth plans and will establish a deeper direct consumer connect and support the consumer in their online purchase journey as justwatches.com shall be offering all the brands from the Group including Timex. The move further provides an added edge to Timex India's retail plans as it provides the loyal consumers of the brand with a plethora of options to select their desired choice of timepiece appealing to their styles. TIMEXGROUP just WATCHES TIMEXGROUP 5#6TIMEXGROUP Q4'FY23 Highlights 6#7Associate Partner - Gujarat Titans Announced partnership with the defending champions, Gujarat Titans - Timex as a brand has met its match in Gujarat Titans, the defending champions of the Tata Indian Premier League (IPL). The brand is excited to be a part of the GT family & is all set to enter the world of Tata IPL through their debut partnership association. Through this partnership both Timex & Gujarat Titans are focused on delivering some of the best moments to their diverse audience. As associate partner, the Timex branding shall be visible on the leading trouser of the Gujarat Titans. TIMEX AAVADE! वाद TIMEX CHOICE OF THE TITANS PRI ATHER CAPRI ATHER ATHE TIMEX GUJARAT TITANS TIMEXGROUP AYZON SOLAR TIMEX TIMEX RE OFFICIAL TIMEKEEPERS OF THE TITANS 7#8India Beach Fashion Week 2023 Partnered with the India Beach Fashion Week - a fashion event that brought across designers from across the country Breathe BW tropical Style! -SHOWCASE TIMEX TIMEXGROUP Bringing in the glam at @ibfwshowcase 2023! Register here, if you haven't already: IBFWGOA.COM TIMEX TIMEX TIMEX IKONIC PRESENTS BW GOA LSHOWCASE- ERICAN URISTER POWERED BY TIMEX He DERENCE nial V IN ASSO TH Johnnie T GATSBY COO 00 8#9India Beach Fashion Week 2023 Partnered with the India Beach Fashion Week - a fashion event that brought across designers from across the country timex.india India ibfwshowcase and timex.india EN SOFI TUKKER Best Friend (feat. NERVO, The Kn... ibfwshowcase and timex.india ibfwshowcase and timex.india ibfwshowcase and timex.india ibfwshowcase and timex.india SOFI TUKKER Best Friend (feat. NERVO, The UN SOFI TUKKER Best Friend (feat. NERVO, The Kn... Nibfwshowcase and timex.india SOFI TUKKER Best Friend (feat. NERVO, The Kn.... Paid partnership CRAFTSMANSHIP DESIGN INNOVATION STYLE TIMEXGROUP CRAFTSMANSHIP DESIGN AT THE INDIA BEACH FASHION WEEK RUNWAY 9#10Samaya Bharati 2023 January 2023 Timex Group attended Samaya Bharati, also known as the India International Watch and Clock Fair, which took place from January 19 to January 21, 2023. 26 January 22:09 BROUGHT HOME THIS TIMEX INDIA BLACK BEAUTY FROM THE EXHIBITION PRIMER TIMEASIA 26 January 21.03 BOBBY Best Times TIMEX Grab the season's hottest styles The 21st India International Watch & Clock Fair, 2023 featured the newest products and developments from international brands. Timex Group showcased its impressive portfolio of brands and hosted fashion and lifestyle influencers at the exhibition. TIMEXGROUP #timex #timexindia Visit our Timex Stall and Drop Your Business Card RECENTLY WAS AT SAMAY BHARTI PREMIER WATCH EXHIBITION UMEA INDIA WAS ONE OF THE MANY BRANDS DISPLAYING IT'S PREMIER COLLECTION HERE, PEIMEX TIMEXINDIA Checkout their latest collection @timex.india TIMEX TIMEX mommyandvihaan 17m TIMEX Send message @timex india Timex annual showcase at MEX Samay Bharati Gayathri Vihar, Gate no. 4-ground floor,Bengaluru, Karnataka spicygujaratan Sm II When Chai Met Toast Joy of Little Things X Let's look at the amazing collection from Timex on display. Some of my favourites from the Timex Fria collection m #timex @timex.india #timexindia @timex.india NEEDLESS TO SAY, TIMEX.INDIA HAS AN AMAZING MIX OF CLASSIC AND MODERN COLLECTION LOVED IT! #TIMEX TIMEXINDIA TIMEX Samaya Bharati Bengaluru 2023 ndia Internati 'atch & Clock Link copied Choose from Over 100 Bran 000 Designs from Around th Started our Sunday at Samay Bharti Growing up I have always attended these because of my family watch business, coming back to it to collaborate was very special Send message 10#11Financial Performance Q4 FY2022-23 TIMEX#12TGIL Financial Performance Q4 & FY 2022-23 • . • Revenue has grown by 5% during the quarter as compared to last year. During the financial year revenue has grown by 45% over last year. EBITDA is at Rs. 760 lacs during the quarter as compared to Rs. 356 lacs during last year. EBITDA for financial year is at Rs. 3859 lacs as compared to Rs. 869 lacs last year. Profit before tax is at Rs. 554 lacs during the quarter as compared to Rs. 225 lacs during last quarter. Profit before tax during the financial year is at Rs. 2967 lacs as compared to Rs. 322 lacs last year. One-time recognition of deferred tax assets of INR 1684 lacs as of March 31, 2023, positively impacted Profit after tax for the quarter and financial year. Other expenses include advertising & sales promotion expenses of Rs. 669 lacs during the quarter and Rs. 2955 lacs for the financial year as compared to Rs. 1178 lacs and Rs. 2971 lacs respectively for corresponding last quarter and last year. TIMEXGROUP Company's operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not comparable with the current period. 12 22#13Rs. in lakhs Financial Performance - Quarter Ended 31st March 2023 - Income 9000 EBITDA 800 10.0% EBITDA 700 EBITDA % 9.1% 8.0% 8335 600 500 6.0% 8000 7981 Rs. in lakhs 400 760 300 4.5% 4.0% 200 356 2.0% 100 7000 0 0.0% Q4 21-22 Q4 Q4 Q4 22-23 21-22 22-23 TIMEXGROUP Company's operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not comparable with the current period. 13#14Rs. in lakhs Financial Performance - Full Year Ended 31st March 2023 45000 40000 35000 Total Income 30000 26554 25000 20000 38378 15000 10000 5000 0 2021-22 2022-23 TIMEXGROUP Growth 45% Rs. in lakhs EBITDA 4500 EBITDA 4000 - EBITDA % 3500 3000 12.0% 3859 10.0% 10.1% 8.0% 2500 6.0% 2000 3.3% 1500 4.0% 1000 869 2.0% 500 0 0.0% 2021-22 2022-23 Company's operations and financial results for FY22 were adversely impacted by Covid-19 due to which results are not comparable with the current period. 14#15Rs. in lakhs Financial Performance - Total Income Trend 45000 40000 35000 30000 25229 24190 25000 20000 15000 10000 5000 TIMEXGROUP Total Income 14211 26554 38378 2018-19 2019-20 2020-21 2021-22 2022-23 15#16Rs. in lakhs Financial Performance - EBITDA Trend 4500 4000 3500 3000 2500 2000 1500 1153 1000 500 0 -500 TIMEXGROUP 397 EBITDA 869 3859 2018-19 2019-20 2020-21 -238 2021-22 2022-23 16#17Financial Performance - EBITDA % Trend 12.0% 10.0% 8.0% 6.0% 4.8% 4.0% 2.0% EBITDA % 3.3% 10.1% 1.6% 0.0% -1.7% 2018-19 2019-20 2020-21 2021-22 2022-23 -2.0% -4.0% -6.0% TIMEXGROUP 17 17#18Rs. in lakhs Financial Performance - Profit Before Tax Trend 3500 3000 2500 2000 1500 1000 500 -500 835 PBT 322 2967 0 2018-19 2019-20 -180 2020-21 2021-22 2022-23 -1000 TIMEXGROUP -811 18#19Shareholding Pattern 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 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 0.03% 0.03% 0.03% 0.03% 0.06% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.04% Public & other shareholding 25.04% 25.04% 25.04% 25.04% 25.01% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.04% 25.03% Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total no. of shareholders 44,988 45,245 45,051 44,447 44,104 43,447 43,472 46,244 49,230 48,412 47,167 46,371 45,725 Number of shareholders 50,000 49,000 49,230 48,412 48,000 47,000 46,244 47,167 46,371 46,000 44,988 45,051 45,725 45,000 45,245 44,000 44,104 44,447 43,472 43,000 43,447 31-Mar-20 30-Jun-20 30-Sep-20 31-Dec-20 31-Mar-21 30-Jun-21 30-Sep-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22 31-Mar-23 TIMEXGROUP 19#20Market Capitalization 1,30,000 1,10,000 90,000 70,000 51,989 50,778 43,560 50,000 30,000 10,000 Mar-17 Mar-18 Mar-19 6 year CAGR: 16% 165 1,22,200 155 145 135 67,233 27,660 125 17,616 Mar-20 T 115 Mar-21 Mar-22 Mar-23 01-Jan-23 15-Jan-23 29-Jan-23 12-Feb-23 -Timex -Market Capitalisation (Rs. in lakh) Note: The market capitalization is based on BSE closing prices at the end of the period TIMEXGROUP 30000 29500 29000 28500 28000 27500 27000 26500 26000 26-Feb-23 12-Mar-23 26-Mar-23 BSE Small Cap 20#21ABOUT US#22Timex Group is America's Oldest Watchmaker, Established in 1854 in Connecticut, USA Designs, manufactures and distributes products to consumers around the world TIMEXGROUP ~170 YEARS OF EXPERIENCE we are watchmakers EST. 1854 13+ GLOBAL BRANDS 2.7B WATCHES SOLD 120 DISTRIBUTORS 3,000 GLOBAL EMPLOYEES 22#23TIMEXGROUP XI XII ΙΛ A 12 Legacy Craftsmanship Design Fairness 23#24HOM 1864 9 8 12 6 3 We Learned the Rules, then We Broke Them We were rebel watchmakers with a cause. Established in 1854 as the Waterbury Clock Company, we turned a 300-year-old industry upside down. We stamped our gears out of metal, instead of carving them from wood. We made smaller, more accurate movements faster than ever before. In fact, even Detroit's automakers were inspired by our assembly lines when the automobile became a thing. TIMEXGROUP 1901 1112 6. s AS Phenant a walah Mark Takes a Licking, Keeps on Ticking By the 1960s, our watches were so inexpensive, handsome and durable, every third watch sold in America was a Timex. Our televised torture tests, proved our mechanical superiority, of our Timex Marlin", still a favorite after a half-century. Made for Badass Women In the first half of the 20th Century, a Timex became a symbol of an independent women in a man's watch world. we liberated the market with thoughtful designs and small movements that didn't sacrifice our legendary durability. The women who wore them, and the generations of women watchmakers who created them, made Timex the most popular watch in the world. From the Pocket to the Wrist By 1901 our movements fit in your pocket and cost just one dollar. ($35 in today's dollars). We became the people's watchmaker. They helped the trains run on time and helped settle the Wild West. When timepieces turned from fragile curiosities to durable everyday carries, even Mark Twain brought two. The move to the wrist just took a little ingenuity and two metal bars welded to the sides of our smallest model. 1960 1967 TIMEA 24#251970 Precision Quartz Timekeeping As the world entered the space age, our wound brass springs were replaced by counting the vibrations of a quartz crystal. These tiny electric movements meant you never had to wind your watch again, and our designers were no longer bound to the shape and size of a mechanical movement. The Q Timex series reshaped watches for a new generation. TIMEXGROUP WEQ14 The World's Most Popular Watch If the waterbury watch is our soul. The Timex Easy Reader™ in our Heart. Beautiful in its simplicity, the timeless, utilitarian design quickly became ubiquitous with Timex. Since 1977, we've made more than 100 million. If your father had a Timex, it was probably a Timex Easy Reader™. The influence of the Easy Reader's minimalist beauty can be seen across nearly every Timex today. 9 11 12 1 10 TIMEX 8 ASY READER 5 4 TIMEX 1977 HONGLO ო 3. 1984 TIMEX IRONMA P WE HO 10:0938 BA TBO 10-14A 10:09 36 SPARE INDHALO 1990 MEX Let's Get Digital There were many inside Timex who thought digital would be our end. What they didn't count on was the spirit of a watch maker who'd changed the world again and again with a deep spirit of innovation. In 1984, we introduced the world's first sports watch that today crosses nearly every finish line in the world. Athletes are so attached to their reliable Timex Ironman, they often wear it on one wrist with a GPS smartwatch on the other. Another Bright Idea Remember that little dim light bulb on the side of a watch dial? We knew there was a better way, and we changed the way the world told time in the dark with a patented technology called electroluminescent. Our Indiglo" backlight made its way beyond watches to car dashboards, appliances, and even lit escape route in 1993 at the World Trade Center. 25#26Smart Before it was Cool We introduced the first connected "smart" watch years before most people even owned a mobile phone. The Timex Datalink is one of very few wrist watches officially certified for space flight by NASA, It used a digital eye to read information from your computer screen and built the foundation for today's connected smartwatches. 1994 TIMER 10 09 36A WED 14 9:30 AM TIMEXGROUP 2010 You Asked, We Listened We are proud of our reputation as the people's watchmaker, our innovations and designs start with what you are asking for. Our mission has always been to respond at a price you can afford, like jeweled automatic movements under $250. <1.245 18 Timex You Asked We Listened #automatics TINE K 2019 Present 日 TIMEX Designed in Milan Our Milan-based design director Giorgio Galli is our biggest fan, and knows what makes Timex tick better than anyone else. Every Timex starts with a careful consideration of our legacy and a passion to blaze forward. In 2019, we asked Giorgio to create a watch that brings to life everything Timex stands for-in other words, to create the most "Timex Timex ever made. He answered with the 51 Automatic Watchmaking Back in the USA Just like our very first mantel clocks, 167 years ago, our American Documents" collection layers American ingenuity and craftsmanship with European precision to create a truly amazing timepiece. This American-made watch is drop forged in US-sourced stainless steel by auto parts manufacturers, and assembled in our Connecticut Headquarters with a high-quality Swiss movement. What started as an impossible idea is now a Timex watch made in America. 26#27About 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 Since 2000 Public Limited Company listed on Bombay Stock Exchange. Subsidiary of Timex Group Luxury Watches B.V. TIMEXGROUP MUMBAI BADDI NOIDA NEW DELHI BANGALORE CHENNAI KOLKATA 22 27#28TGIL Board of Directors David Thomas Payne | Chairman Experience: 23+ years Qualification: B. Sc. (Computer Science) - University of Alabama & a Juris doctorate from Washington & Lee University Pradeep Mukerjee | Independent Director Experience: 30+ years Qualification: Masters in Personal Management & Industrial Relations from TISS & IR & B. Sc. from IIT Deepak Chhabra | Managing Director Experience: 27+ years Qualification: Footwear technologist & Marketeer Gagan Singh | Independent Director Experience: 30+ years Qualification: Chartered Accountant and Cost Accountant Sylvain Tatu | Non-Executive Director Experience: 26+ years Qualification: Mechanical Engineer, Masters in Business Administration Bijou Kurien | Independent Director Experience: 35+ years Qualification: PGDBM from XLRI & Science Graduate TIMEXGROUP 28#29Brand Portfolio One of the strongest portfolios in the watch industry across consumer segments TIMEXGROUP TIMEXGROUP TIMEX VERSACE GUESS FERRAGAMO TED BAKER GC NAUTICA PLEIN SPORT adidas LONDON MISSONI PHILIPP PLEIN UNITED COLORS TMX HELIX OF BENETTON. FURLA SINCE 1927 ITALY MISSONI -SPORT 29#30Powerful Distribution Network A strong network of sales touchpoints that enable TGIL to reach consumers across the country Multi Brand Large Format Defence Canteen Timex World Showroom Luxury Retail 5188 315 805 33 87 TIMEXGROUP TATA CLIQ LUXURY amazon Flipkart M Myntra NYKAA AJIO FASHION 30#31Supply Chain: We are a True Global Watchmaker with the Owned Capabilities TIMEX AMERICAN DOCUMENTS ASSEMBLY ROOM Middlebury, USA Besancon, France HQ & Watchmaking Movement Production Pforzheim, Germany Research and Development Lugano, Switzerland Watchmaking Baddi, India Manufacturing TIMEXGROUP Cebu, Philippines Manufacturing 31#32Baddi Plant: Superior Watchmaking & Supply Chain A state of the art, SA8000: 2014 and ISO 45001:2018 certified, watch assembly unit in Baddi, Himachal Pradesh, India TIMEX Assembly of watches from piece parts to complete watch. Currently handling over 150 types of watch - movements. Includes assembly of mechanical, quartz, digital, Analog, Ana-Digi, and connected watches. The unit produces around 3 million watches annually. Online and Offline Assembly capability to accommodate both high & low volume movements. TIMEX TIMEXGROUP 32 2#33TGIL After Sales Service Pan India locations supported by a Customer Care Call Centre service Authorized Service Workshops TIMEXGROUP Lead Authorized Authorized Service Centres Service Centres 5 12 151 33 33