Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — Q1 FY2016 Earnings Presentation
19 slides from Sunshine's earnings presentation, Aug 14, 2015
Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 1QFY16
Earnings Presentation 1QFY16 14th August 2015
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that are based on management’s current expectations and assumptions. Forward-looking statements include predictions of future results or activities and may contain the words “expects,” “believes,” “should,” “will,” “ant
Slide 4: Group Performance
Group Performance
Slide 5: Group at a Glance - 1Q FY16
Group at a Glance -1Q FY16 • LKR 4.18bn in Revenue; +5% YoY • LKR 314m of PAT; down -4% YoY • PATMI of LKR 162m; up 11/% YoY Revenue -1QFY16 • Healthcare revenue: LKR 1.7bn; Other, +17% YoY FMCG, 3.5% 16.4% Healthcare, 39.8% • FMCG revenue LKR 685m; +16%YoY LKR 4.2bn • 703 Tonnes of branded tea sold
Slide 6: Group Financial Highlights
Group Financial Highlights 1Q 1Q Growth LKRm FY16 FY15 % Revenue 4,179 3,984 4.9 EBIT 399 443 (9.8) EBIT Margin 9.6% 11.1% Profit for the period 314 326 (3.7) PAT Margin 7.5% 8.2% Profit Attributable to Equity owners 162 147 10.8 EPS (LKR) 1.20 1.10 9.7 • Strong PATMI growth of 10.8% YoY on the back
Slide 7: Revenue Growth Trend
Revenue Growth Trend • Revenue growth of 5% YoY in 1QFY16 to LKR4.2bn • Healthcare (+LKR 247;+17%YoY), FMCG (+LKR 96m; +16%YoY), Agri (-LKR 195m; -10%YoY) • 5 Year CAGR of 13% Revenue -1QFY16 Other, LKR m Revenue growth FMCG, 3.5% Healthcare, 4 ,5 00 17% 16.4% 39.8% 4 ,0 00 15% 15% 3 ,5 00 12% 12% 1
Slide 8: Profitability
Profitability LKR m 3 50 9.0% 8.4% 8.2% 326 314 7.5% 8.0% 3 00 7.0% 265 2 50 6.0% 2 00 5.0% 1 50 182 3.6% 4.0% 147 162 1.2% 3.0% 125 1 00 2.0% 33 63 65 50 1.0% - 0.0% 1QFY12 1QFY13 1QFY14 1QFY15 1QFY16 PAT PATMI PAT margin % • Agri (-LKR 100m) is the main contributor for the decrease in PAT, partial
Slide 9: Earnings Contribution
Earnings Contribution PAT -1QFY16 PATMI -1QFY16 Other, Other, 5.3% Healthcare, 10.7% 27.1% Healthcare, FMCG, FMCG, 52.4% 26.1% 16.7% LKR 314m LKR 162m Agri, 20.2% Agri, 41.5% • Lower impact of Agri sector at PATMI level. Effecting holding just 27%. • Healthcare contributed 52% of total PATMI *Other
Slide 10: Segment Performance 1QFY16
Segment Performance 1QFY16
Slide 11: Healthcare
Healthcare 1Q 1Q Growth LKRm FY16 FY15 % Revenue 1,662 1,415 17.5 EBIT 125 110 13.7 EBIT Margin 7.5% 7.8% Profit for the period 85 74 14.3 PAT Margin 5.1% 5.3% Highlights • 17.5% revenue growth; Pharma represents 67% of revenue and grew 16.7% YoY despite a slight contraction in the overall market as
Slide 12: FMCG
FMCG 1Q 1Q Growth LKRm FY16 FY15 % Revenue 685 589 16.3 EBIT 89 34 165.3 EBIT Margin 13.0% *5.7% Profit for the period 82 29 181.7 PAT Margin 12.0% 4.9% Highlights • Sales growth driven higher branded tea volumes (+9% YoY) and price increase (+7% YoY) • Volume growth driven by ‘Watawala Tea’ brand,
Slide 13: Agri
Agri 1Q 1Q Growth LKRm FY16 FY15 % Revenue 1,685 1,880 (10.4) EBIT 167 300 (44.4) EBIT Margin 9.9% 16.0% Profit for the period 131 231 (43.5) PAT Margin 7.7% 12.3% Highlights • Volumes: 2.8m kg of palm oil, + 35% YoY; 2.6m kg of tea produced, -25% YoY. • Palm Oil PAT of LKR 228m for 1QFY16, up +24%
Slide 14: Other
Other Energy Packaging • Revenue of LKR 32m for • The packaging division 1QFY16, up from LKR15m reported revenues of LKR 95m, up 13% YoY due to heavy inter monsoon rainfall. • PAT of LKR 5.7m in 1QFY16 against LKR 400k • LKR 13m PAT for 1QFY16 same quarter last year compared to LKR6m in • New orders
Slide 15: Additional Data
Additional Data 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q Volumes FY14 FY14 FY14 FY14 FY15 FY15 FY15 FY15 FY16 Branded Tea (Tonnes) 615 696 769 708 648 838 809 863 703 Tea (kg 'mn) 2.4 1.9 2.9 2.7 3.4 1.9 2.6 2.5 2.6 Palm Oil (kg 'mn) 2.1 2.3 2.1 1.6 2.1 2.5 2.3 1.9 2.8 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q LKR m FY14 FY14 F
Slide 16: Outlook
Outlook
Slide 17: Outlook for 2Q FY16
Outlook for 2Q FY16 Healthcare; • Agency business to continue on same growth momentum • Negotiations underway to add new agencies • 2 new outlets opened in 1Q to stabilize and generate steady revenue FMCG; • Expand distribution reach • Focus on converter brand ‘Ran Kahata’, steady growth expected de
Slide 18: Outlook for 2Q FY16
Outlook for 2Q FY16 Agri; • CPO prices expected to remain stable at low levels • Tea prices continue to be soft • All factories shut down for 10 days in July due to Trade Union action. • Wage negotiations for FY16 are underway. Significant impact on bottom line expected Packaging; • Focus on new exp
Slide 19: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php