T IM EX GROUP

November 1, 2018

The Secretary

BSE Ltd .

P J Towers, Rotunda Bldg.,

Da Ia I Street, Fort Mumbai- 400 001

Scrip Code: 500414

Timex Group India Limited First Floor, Tower B, Plot B-37 Sector-1, Noida, U.P. - 201301 INDIA CIN No.: L33301DL1988PLC033434 Tel.: +91120 474 1300 Fax: +91120 474 1440 Website: www.timexindia.com E-mail: feedback@timexindia.com

Sub: Intimation under Regulation 30{6) of SEBI (listing Obligations and Disclosures Requirements) Regulations, 2015 - Investor Presentation for Q2 & H1 of FY 2019

Dear Sir,

Please find enclosed an Investor Presentation covering the performance highlights of the

Company for Q2 & H1 of FY 2019.

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

Dh~~o GM-Legal & Company Secretary

Regd. Office: 106-107, Ambadeep, 14, Kasturba Gandhi Marg, New Delhi - 110001. Tel. : +9111 410 21297

TIMEXGROUP

TIMEX GROUP INDIA LIMITED

INVESTOR PRESENTATION 02 FY'19

Disclaimer

This presentation may contain certain fotward 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 fotward 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 fotward-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, othetwise acquire, subscribe for, sell or othetwise 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

For generations, we've devoted ourselves to crafting quality, value and style.

Today, with more than 5,000 employees worldwide, we are true 21st century

watchmakers with unmatched design, engineering, technology and

manufacturing capabilities. We imagine our own style, build our own products,

and market many of the world's most popular watch brands.

We stand behind everything with 160+ years of innovation, tradition and market

leadership.

We are TimexGroup.

T I MEX GROUP

About Us

Timex Group India Limited is a group company of Timex Group B.V. Netherlands.

Having entered the country 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. With our global organization and breadth of expertise, we bring our

partners from concept through design, manufacturing to distribution, to meet and exceed

the brands' criteria for success.

SINCE1988

Our global resources give Timex Group India a true advantage in a highly competitive marketplace. By thinking and acting both

locally and globally, we are constantly challenging ourselves to look at the future.

TIM E X GROUP

Founded in 1854

TIMEXGROUP

5.000 employees worldwide

\ii Designs and manufactures innovative timepieces that are sold in over 100

countries around the world

In-house design,

manufacturing, assembly and

distribution

Brands in India Timex Helix Salvatore Ferragamo Versace Versus Nautica

Additional Global Brands* Guess Gc Ted Baker

* These brands are not distributed by Timex Group India Limited.

TIMEXGROUP

Over 20 Locations Globally

Where We Come From

Founded in 1854 as the Waterbury Clock Company, Timex has over 160 years of experience in watchmaking.

With a rich and varied history, Timex has established a tradition of producing quality, innovative pieces.

Timex played an influential role in moving the watch from the pocket to the wrist and to this day, continues the tradition of value and invention that has long been part of this iconic brand.

• NEWYORK. YYRcM;:on AVE. CHICAGO.

CKWELL ST. GLASGOW.

TIMEX.GROUP

Since 1854

Waterbury Clock Company opens in brass city, Connecticut, USA

The w atch that made the dollar famous.

Mickey mouse tells time. Within three years, mickey mouse w as the offi cia l timekeeper of two million children.

Takes A licking and keeps on ticking.

By the 1g60s, every third w atch sold in America w as a Timex.

We took the clock off the finish line, and put it on your w rist to crea te the world 's fi rst sports w atch. Timex· ironman· became your coach.

TIMEXGROUP

/~ )

Timex comes to India.

lndiglo · night-light changed the face of time. Our signature blue backlight revolutionized the w ay the world reads time in the dark.

TODAY MARLIN -The gentleman's standard ­then and now. This reissue of a 1g 60s timepiece is a testament to the enduring legacy of Timex.

Our Values

AUTHENTICITY & SUBSTANCE PERSONAUTY STYLISTIC POINT OF VIEW

TRUE WATCHMAKER INNOVATIVE INCLUSIVE CONFIDENT UNDERSTATED MINIMALIST

160YEARS COUNTLESS FIRSTS UNPRETENTIOUS UNCONVENTIONAL THOUGHTFUL SOPHISTICATED

TIMEX.GROUP

A History Of Firsts

The 1970s saw our first digital watches. and we pioneered the first connected watch in the 90s. In 1992, we changed the way the world told time in the dark with our patented INDIGLO backlight.

T IM E X. GROUP

Timex Group India Limited

MUMBAI .

BADDI • NO IDA

NEWDELHI • •

30 YEARS IN INDIA

2018

BANGALORE •

• KOLKATA

Joint venture between Timex Group and Jayna Times Industries Ltd.

Joint Venture with Titan Company. JV ended in 2000.

Public Limited Company listed on Bombay Stock Exchange .

Subsidiary of Timex Group Luxury Watches B.V.

Locations:

Noida [Headquarters], New Delhi [Registered Office]

Baddi, Himachal Pradesh [Factory]

Regional Sales Offices- New Delhi, Mumbai, Kolkata, Bangalore

TIMEXGROUP

Board of Directors

David Thomas Payne Chairman

Experience: 22 years Qualifi cati on: B. Sc. (Computer Science) - University of Al abama & a Juris doctorate from Washington & Lee University

Tobias Reiss Schmidt Vice Chairman

Experience: 20 years Qualifi cati on: MBA from INSEAD and is a graduate of the University of Applied Sciences Muenster (Germ any)

Sharmila Sahai Managing Director

Experience: 27 years Qualifi cati on: B.A., Post Graduate Diploma in Marketing Management from the Centre of Management & Development

Anil Malhotra Non- Executive Director

Experience: 35+ years Qualifi cati on: Eco. (Hons.) from SRCC, DU

T I MEXGROUP

INDEPENDENT DIRECTORS

Daya Dhaon Independent Director

Experience: 60+ years Qualifi cati on: Graduate from Cambridge University & Business School

Pradeep Mukerjee Independent Director

Experience: 30+ years Qualifi cati on: Masters in Personal Management & Industrial Rel ati ons from TISS & IR & B. Sc. from liT

Gagan Singh Independent Director

Experience: 30+ years Qualifi cati on: Chartered Accountant

Bijou Kurien Independent Director

Experience: 30+ years Qualifi cati on: PGDBM from XLRI & Science Graduate

Brand Portfolio in India

Luxury

Premium Fashion

MASS Fashion & Youth

Versace

Versus Versace

Timex

Salvatore Ferragamo Versace Writing Instruments

Nautica

Helix

TIMEX.GROUP

Retail Network

Timex India serves over 5000 points of sale in different retail environments.

MBO Doors

Large Format Stores

Defence Canteens

Timex World Showrooms

Luxury Retail Doors

TIMEX.GROUP

Good Design Is The Starting Point Of Everything We Do

CREATIVE DIRECTOR - GIORGIO GALLI

At the creative epic entre of the Timex family in Milan, the Giorgio Galli Design Lab's team originates more than 400 watches each year for brands across the Timex Group including Timex, Expedition, lronman, Nautica, Versace, Versus and Ferragamo.

Apart from Milan, Timex Group also has design studios in India and Hong Kong.

Under the directorship of Giorgio Galli, the design teams worldwide ensure that Timex is enduringly at the forefront of watch making.

TIMEX.GROUP

Manufacturing We know that how you make something is just as important as what you make.

A state of the art 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. Single shift operation.

Installed Capacity : lOK/ day; currently handling 52 types of movements.

Finished Goods Warehouse : Capacity 350K boxed watches.

TIMEX.GROUP

Service Network An ever growing service network enables us to complete the consumer experience to the last mile.

A combination of 178 locations serve the 29 states of India. (Supported by the customer care call centre service.)

Authorized Service Workshops

Lead Authorized Service Centres

Authorized Service Centres

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T I ME X. GROUP

\ I I

I I \

Timex India Exports 15 Countries and counting

• Philippines* ·'

• •

•

Indonesia* •

\ .

,

* Via group company

TIMEX.GROUP

TIMEX GROUP

Performance Highlights Q2 FY'19

• Revenue grown by 7% during the quarter and by 16% during H1 over last year.

• EBIDTA de-grown by 38% during the quarter but grown by 34% during H1 over last year.

• PBT de-grown by 41% during the quarter but grown by 53% during H1 over last year.

TIMEXGROUP

Performance Highlights

Financial Performance- Current Fiscal

Growth: 7% Growth: 16% Total Income

Total Income

6300

6200

12500

6186 12000

12131

..c 6100 11500 ..c

.::.:: 6000 ro .::.:: 11000 ro

.~ 5900 vi 5784

0::: 5800

.~ 10416 vi 10500

0:::

5700 10000

5600 9500

5500 H1'2017 H1 '2018 Q2'2017 Q2'2018

700 661 EBIDTA 900 - EBIDTA 850 9.0%

600 -EBIDTA % 14.0%

800 EBIDTA %

500 700 632

..c 400 .::.:: ro

11.0% ..c 600 .::.:: ro 500

.~ 300 vi .~ 6.0%

400 vi

0:::

200 0::: 300 8.0%

200 100

6.7% 100

0 5.0% 0 3.0%

Q2'2017 Q2'2018 H1'2017 H1'2018

TIMEXGROUP

Performance Highlights

Annual Financia l Performance - Revenue

CAGR: 14%

22000 Total Income 21015

19995 20000

...c 18000 17338

..Y. ro c ·- 16000 v; 0:::

14000

12000

10000 -1--

2013-14 2014-15 2015-16 2016-17 2017-18

TI MEX GROUP

Performance Highlights Annual Financial Performance - EBIDT A

1500 1129

1000

500 105

0 ..c 2016-17 2017-18 ~ IU

-500 c -292 ·-v)

0:::: -1000 -792

-1500

-2000

-2500

-3000 -2947

-3500

T I MEXGROUP

Performance Highlights Annual Financial Performance - EBIDT A %

10.0%

5.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%

-30.0%

2013-14

-23.8% ~

5.4%

-16 2016-17 2017-18

-1 .7%

TIMEXGROUP

Performance Highlights Annual Financial Performance- PBT

PBT 1000 752

500

0 2013-14 2014-15 2015-16 2017-18

.s=. -500 ..::£. -381 1\J

c vi -1000 -927 0:::

-1098 -1500

-2000

-2500

-3000

-3500 -3298

T I MEXGROUP

Shareholding Pattern

30-Sep-18

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 0.04% 0.03% 0.03% 0.03% 0.03% 0.03% 0.11% 0.19% 0.19% 0.19% 0.13% 0.13% 0.04% Investors

Public & other 25.03% 25.04% 25.04% 25.04% 25.04% 25.04% 24.96% 24.88% 24.88% 24.88% 24.94% 24.94% 25.03% shareholding

Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Total no. of 69,092 66,952 66,377 65,975 65,174 64,082 62,709 60,575 59,528 58,069 55,785 54,667 49,870 shareholders

Number of share holders 70,000

69092

65174

65,000 66952 65975

60,000

55,000

50,000

45,000

40,000

TIMEXGROUP

Market Capitalization

5 year CAGR: 39% 60000

52343 50000

40000 43560 Timex share price vs Sensex

30000 78 39000

70 38000

20000 62 37000

54

46 36000

10000 38 +---------,--------.-------.----------,-_.J... 35000

02-Jul-18 23-Jul-18 13-Aug-18 03-Sep-18 24-Sep-18 - Timex - Sensex

0 2013-14 2014-15 2015-16 2016-17 2017-18 Sep-18

- Market Capitalisation (Rs. in lakh)

Note: The market capitalization is based on BSE closing prices at the end of the period

T I MEXGROUP

TIMEX THANK YOU