Slide 1: Corporate Presentation (Aug-24)
CORPORATE PRESENTATION (Aug-24)
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or proj
Slide 3: A world we are seeking to create: 27°C
+ 27°C A world we are seeking MILLION AIR COOLERS to create SOLD WORLDWIDE 3
Slide 4: Contents
Contents 1 Symphony – A Pioneer Of Evaporative Air Cooling 2 Innovative Products Portfolio 3 Exciting New Products 4 Large Space Venti Cooling (LSV) 5 Driving Towards ESG Leadership 6 Financials (FY24 and Q1FY25) 7 Shareholders’ Reward Policy 8 Shareholding Pattern 4
Slide 5: Symphony (A Pioneer of Evaporative Air Cooling)
Symphony (A Pioneer of Evaporative Air Cooling)
Slide 6: Symphony – A Pioneer of Evaporative Air Cooling
Symphony – A Pioneer of Evaporative Air Cooling Complementing Global Capabilities ❖ R&D and design Portfolio: Global brands; ❖ Sales & marketing Wide range of products ❖ Value engineering & cost optimization Global Supply Chain Segments: Residential- ❖ Operating efficiency Commercial-Industrial ❖ Ec
Slide 7: Expanding Market Reach
Expanding Market Reach India Mexico China 5,000 500 3,500 USA China ₹ 13,000 Cr. Australia USA Brazil Mexico Australia Brazil 900 1,600 1,500 & exporting across 60+ countries worldwide 7
Slide 8: Wide Portfolio of Global Brands
Wide Portfolio of Global Brands 8
Slide 9: Household Cooler in India: A long runway (1/2)
Household Cooler in India: A long runway (1/2) Cooling Pyramid (HH in %) Air Cooler Penetration (HH in %) Indian Air Cooler Market Organized Unorganized Air 7 - 8% Conditioner ₹ 10,000 Cr. Urban 25% Air 19% ₹ 6,000 Cr. Cooler (60%) ₹ 5,000 Cr. Electric ₹ 3,250 Cr. Fan 90%+ (65%) Rural 16% ₹ 4,000 Cr
Slide 10: Household Cooler in India: A long runway (2/2)
Household Cooler in India: A long runway (2/2) Heatwaves battering India Rapid Urbanisation 190 174 43% residing in urban 150 % of population Avg. number of heatwave days 40% 100 area 37% 35% 33% 2013 2016 2019 2022 2015 2020 2025[E] 2030[E] 2035[E] Source: The UN Habitat’s World Cities Report 2022
Slide 11: Innovative Products Portfolio
Innovative Products Portfolio
Slide 12: World's 1st air cooler with BLDC Technology
World’s 1st air cooler with BLDC Technology 12
Slide 13: Movicool Range
Powerful 20m* air throw, consumes 215 watt* (Large Room) y. | #5 Sey Enjoy The Cool Air With More Savings Now. 13
Slide 14: India's First Double Decker Air Cooler
India’s First Double Decker Air Cooler 14
Slide 15: Tower Fan Range (Beyond Seasonal Cooling)
Tower Fan Range (Beyond Seasonal Cooling) Touchscreen 45° Control Panel Swivel Bladeless Full-Function Technology Remote Dust Low Power Filter Consumption Surround Surround-I 15
Slide 16: India's First Kitchen Cooling Fan Range
India’s First Kitchen Cooling Fan Range (Beyond Seasonal Cooling) Duet Duet i-S Duet i 16
Slide 17: Personal Cooling Fan Range (Beyond Seasonal Cooling)
Personal Cooling Fan Range (Beyond Seasonal Cooling) Duet Mini Buddy 17
Slide 18: Introducing (Exciting New Products)
Introducing (Exciting New Products) Future Inspired by Legacy 18
Slide 19: #NEVERBEFORECOOLERS (17 New Models)
#NEVERBEFORECOOLERS (17 New Models) ▪ Robust weather-resistant body ▪ Calm and quite cooling ▪ i-Pure+ technology ▪ Mega tank with easy-fill system ▪ Powerful exhaust fan ▪ Superior aesthetic ▪ Uniform cooling technology ▪ Powerful air throw 19
Slide 20: Air Force
AIR FORCE 20 20
Slide 21: Silenz
Q SILENZ od N
Slide 22: WIND)
WIND) (piattataaaatlpolpale 4 pes i} a /y lL) Tas Li (J imaaaammalal SMAX
Slide 23: Arctic Circle
Arctic Circle
Slide 24: Jumbo 200EX
Sympheny | @ ” ttl, IW INLD”
Slide 25: Sumo 60
SUMO 60 25
Slide 26: Storage Water Heaters
Symphony forays into path-breaking… Storage Water Heaters 26
Slide 27: Softens hard water reducing hair damage
Softens hard water reducing hair damage and providing skincare 27
Slide 28: Control at your fingertips
Control at your fingertips • Gesture controlled • Timer settings • Voice notifications • Temperature control • Splash proof • Child lock • 30ft. operating range 28 28
Slide 29: India's First Water Heater
With Available in 10L | 15L | 25L India’s First Water Heater 29 29
Slide 30: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L 30
Slide 31: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L 31 31
Slide 32: Large Space Venti Cooling (LSV)
Large Space Venti Cooling (LSV)
Slide 33: A Call for Democratizing The Comfort
A Call for Democratizing The Comfort Higher temperature negatively affects both productivity and accuracy of work Increasing the level of thermal comfort: Up to 12% improvement in workers’ productivity Recommends an increased ventilation rate, preferably without recirculation of the air Recommends a
Slide 34: LSV: Air-Cooling + Ventilation
LSV: Air-Cooling + Ventilation MILLION+ TARGET SITES Warehouses Educational Factories Institutes Restaurants Hospitals Religious Places Banquet Halls and many more… 34
Slide 35: LSV Gaining Momentum (~10% of Revenue)
LSV Gaining Momentum (~ 10% of Revenue) Designing & Manufacturing in India Largest product range (15+ industrial and commercial cooler models) Indigenisation of most components Acceleration of product launches Improved channel and customer awareness www.symphonyventicool.com 35
Slide 36: Global Clientele
Global Clientele * All brand logos are properties of respective organizations – shown here for representation purpose only & many more… 36
Slide 37: Driving Towards ESG Leadership
Driving Towards ESG Leadership
Slide 38: Driving Sustainability Through Environment Stewardship
Driving Sustainability Through Environment Stewardship “Climate Positive” Company (scope 1) 25 Mn+ coolers sold 136 Mn+ tons of equivalent CO2 saved till date 1.9 bn+ equivalent trees planted till date Source: Company Data 38
Slide 39: Making A Social Impact
Making A Social Impact Healthcare Driven by ethics, dedication and cause Traditional Art Education 04 CSR (Beyond “Cheque Rated high by PEOPLE 01 The Biggest Disaster Writing”) 03 employees Asset Management, Hunger, Poverty Relief, and & Malnutritions Rehabilitation Social Equity 02 Fostering creati
Slide 40: A Governance Culture: Beyond Compliance
A Governance Culture: Beyond Compliance An ▪ An independent majority: (5 out of 9) ▪ Audit and NRC committees entirely of independent directors Independent ▪ Board approved policy on Board Diversity and ▪ Women Directors: 1/3rd of the board (3 out of 9) Diverse Board ▪ Women Independent Directors: 2
Slide 41: Financials (FY24)
Nympheny Thit India ka No.1 Cooler Symphony! Financials (FY24)
Slide 42: Consol. Financials (₹ Cr.): FY24 v/s FY23
Consol. Financials (₹ Cr.): FY24 v/s FY23 ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin EBITDA* PAT Operations 1,156 555 170 148 v/s 1,188 (▼-3%) v/s 521 (▲7%) v/s 138 (▲24%) v/s 116 (▲28%) 48.0% ( 420 bps ) 14.7% ( 310 bps ) 12.8% ( 310 bps) Capital Employed ROCE RONW (Mon
Slide 43: Standalone Financials (₹ Cr.): FY24 v/s FY23
Standalone Financials (₹ Cr.): FY24 v/s FY23 ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin EBITDA* PAT Operations 796 390 160 153 v/s 885 (▼-10%) v/s 424 (▼-8%) v/s 176 (▼-9%) v/s 165 (▼-7%) 49.0% (110 bps) 20.2% (20 bps) 19.2% (60 bps) Capital Employed ROCE RONW Treasury (
Slide 44: Subsidiaries Financials (₹ Cr.): FY24 v/s FY23
Subsidiaries Financials* (₹ Cr.): FY24 v/s FY23 ▲ YoY change *Consol. – Standalone Financials Margin %( YoY change) Revenue from Gross Margin Operations 360 165 v/s 97 (▲70%) v/s 303 (▲19%) 45.8 % (1,370 bps) EBITDA PAT 10 (-5) v/s (-38) v/s (-49) 2.8% (1,550 bps) (-1.5%) (1,480 bps) 44
Slide 45: Subsidiaries Financials: IMPCO and CT [1/2]
Subsidiaries Financials (₹ Cr.): FY24 v/s FY23 [1/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations IMPCO 178 27 11 (Mexico) v/s 117 (▲51%) v/s 8 (▲223%) v/s 2 (▲454%) 15.1% (810 bps) 6.3% (460 bps) Revenue from EBITDA PAT Operations CT 185 (-23) (-25) (Australia) v/
Slide 46: Subsidiaries Financials: GSK and Brazil [2/2]
Subsidiaries Financials (₹ Cr.): FY24 v/s FY23 [2/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations GSK 44 5 0.4 (China) v/s 32 (▲36%) v/s (-0.1) v/s (-3.5) 10.3% (1,050 bps) 0.9% (1,160 bps) Revenue from EBITDA PAT Operations Symphony 26 3 1 (Brazil) v/s 9 (▲178%) v
Slide 47: Performance Highlights (FY24): Consol. & Standalone
Performance Highlights (FY24) : Consol. & Standalone Highest ever quarterly India domestic revenue in Mar’24 ▪ Despite the strong base effect (Mar’23) ▪ Fuelled by a searing summer with “above normal” temperatures EBITDA margin improved on YoY basis due to: ▪ Tactical pricing ▪ Value engineering ▪ S
Slide 48: Performance Highlights (FY24): Overseas Subsidiaries
Performance Highlights (FY24) : Overseas Subsidiaries IMPCO, Mexico: ▪ Highest ever Annual Revenue ▪ Summer season: A strong tailwind ▪ Robust air coolers and heaters sale CT, Australia: ▪ Demand headwind persists ▪ Cost rationalization driving improvement in EBITDA starting Oct’23 ▪ EBITDA loss nar
Slide 49: Financials (Jun'24)
Thinking of Tomorrow Financials (Jun’24)
Slide 50: Consol. Financials (₹ Cr.): Jun'24 v/s Jun'23
Consol. Financials (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from Gross Margin Operations 531 272 v/s 150 (▲81%) v/s 302 (▲76%) 51.2 % (150 bps) EBITDA PAT 112 88 v/s 28 (▲298%) v/s 24 (▲270%) 21.0% (1,170 bps) 16.6% (870 bps) 50
Slide 51: Standalone Financials (₹ Cr.): Jun'24 v/s Jun'23
Standalone Financials (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from Gross Margin Operations 373 197 v/s 89 (▲122%) v/s 172 (▲116%) 52.8 % (130 bps) EBITDA PAT 82 69 v/s 7 (▲1,041%) v/s 14 (▲375%) 22.0% (1,780 bps) 18.4% (1,000 bps) 51
Slide 52: Subsidiaries' Financials (₹ Cr.): Jun'24 v/s Jun'23
Subsidiaries’ Financials* (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change *Consol. – Standalone Financials Margin % ( YoY change) Revenue from Gross Margin Operations 158 75 v/s 61 (▲22%) v/s 130 (▲22%) 47.5 % (30 bps) EBITDA PAT 29 20 v/s 21 (▲41%) v/s 9 (▲108%) 18.7% (260 bps) 12.4% (520 bps) 52
Slide 53: Subsidiaries Financials: IMPCO and CT [1/2]
Subsidiaries Financials (₹ Cr.): Jun’24 v/s Jun’23 [1/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations IMPCO 25 17 (Mexico) 112 v/s 19 (▲36%) v/s 10 (▲77%) v/s 77 (▲46%) 22.4% (170 bps) 15.2% (270 bps) Revenue from EBITDA PAT Operations CT 44 (-3) (-4) (Australia) v
Slide 54: Subsidiaries Financials: GSK and Brazil [2/2]
Subsidiaries Financials (₹ Cr.): Jun’24 v/s Jun’23 [2/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations GSK 16 3 3 (China) v/s 12 (▲33%) v/s 1 (▲135%) v/s 1 (▲245%) 21.5% (940 bps) 15.7% (970 bps) Revenue from EBITDA PAT Symphony Operations (Brazil) 1 (-1) (-2) v/s 1
Slide 55: Consol. Financials (TTM): Jun'24 v/s Jun'23
Consol. Financials (TTM): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from EBITDA* PAT Operations 1,385 254 212 v/s 1,161 (▲19%) v/s 132 (▲93%) v/s 110 (▲92%) 18.3% (700 bps) 15.3% (580 bps) Capital Employed ROCE RONW Treasury (Monthly Avg. – (of Core Business) (Incl. Cash & Cas
Slide 56: Standalone Financials (TTM): Jun'24 v/s Jun'23
Standalone Financials (TTM): Jun’24 v/s Jun’23 ▲ YoY change Margin %( YoY change) Revenue from EBITDA* PAT Operations 996 235 207 v/s 850 (▲17%) v/s 157 (▲50%) v/s 154 (▲35%) 23.6% (510 bps) 20.8% (270 bps) Capital Employed ROCE RONW Treasury (Monthly Avg. – (of Core Business) (Excl. loans / inve
Slide 57: Performance Highlights: Consol. & Standalone [1/2]
Performance Highlights : Consol. & Standalone [1/2] Strong Jun’24 standalone performance driven by : ▪ Scorching and crippling heatwave ▪ Strong penetration in semi-urban and rural markets ▪ Most befitting product portfolio and range ▪ D2C : A growth driver; 100% prepaid (No COD) ▪ Adjacent product
Slide 58: Performance Highlights: Consol. & Standalone [2/2]
Performance Highlights : Consol. & Standalone [2/2] Brand Performance : Fuelling Growth Share of Symphony Brand in Google Search for Air Coolers : 60%+ (Jul’23 – Jun’24) YouTube and OTT : (Jun’24 Quarter) ▪ 540 mn+ impressions ▪ 130 mn+ views Visitors on D2C website : 4 mn+ (Jul’23 – Jun’24) Industr
Slide 59: Performance Highlights: Overseas Subsidiaries
Performance Highlights : Overseas Subsidiaries Robust aggregate performance : ▪ Highest ever quarterly Revenue ▪ Highest ever June quarter EBITDA and PAT ▪ PAT 108% YoY IMPCO, Mexico : ▪ Robust YoY growth: ▪ Revenue 46% (Jun’23 38%) ▪ EBITDA 36% (Jun’23 89%) ▪ PAT 77% (Jun’23 52%) ▪ Hi
Slide 60: Outlook
Outlook Poised for Growth Leveraging complementary strengths Intensified heatwave and climate change Outsourced manufacturing to India and China (Shift from CT Australia and IMPCO Mexico) Below normal trade inventory in India, Mexico, & Brazil Complementary Research & Development, Sales, and Path-br
Slide 61: Shareholders' Reward Policy
Shareholders’ Reward Policy
Slide 62: Consistent Payout to Shareholders
Consistent Payout to Shareholders Shareholders’ Reward Policy Shareholders’ Payout (% of Jun’24 Consol. PAT) Payout (% of Consol PAT) Buyback at FY25 ₹ 2,500 / share (₹ Cr.) 71.4 ₹ 96.5 Cr. Buyback Incl. Tax + Exp. 89.6 At least (109%) (₹ Cr.) 60% 1st Interim Dividend (₹ 1 / Share) 6.9 (₹ Cr.) Divid
Slide 63: Shareholding Pattern
Shareholding Pattern
Slide 64: Shareholding Pattern (As on 30/6/24)
Shareholding Pattern (As on 30/6/24) 64
Slide 65: Glossary
Glossary Gross Margin (%) : % of Revenue from operations A&P Expenses : Advertisement and Sales Promotion Expenses : Earnings Before Interest, Tax, Depreciation and Amortization EBITDA (Excludes Other Income, Exceptional Items and Foreign Exchange Loss) EBITDA Margin (%) : % of Revenue from operatio
Slide 66: Thinking of Tomorrow
a Thinking of Tomorrow & Embrace Carbon-neutral Cooling that Save Today, Shape Your Tomorrow. | Master Cool! Arctic Circle | -4i | = BONAIRE | Durango | @TravelAire