Slide 1: Corporate Presentation (May-24)
CORPORATE PRESENTATION (May-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 Investing In New Age Platforms 4 Innovative Marketing Strategies 5 Large Space Venti Cooling (LSV) 6 Driving Towards ESG Leadership 7 Financials 8 Shareholders’ Reward Policy 9 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 4,500 500 3,500 USA China ₹ 12,500 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% ₹ 9,000 Cr. Conditioner Urban 25% Air ₹ 5,400 Cr. 19% Cooler (60%) ₹ 4,500 Cr. ₹ 2,925 Cr. Electric (65%) Fan 90%+ Rural 16% ₹ 3,600 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: Investing in New Age Platforms
Investing in New Age Platforms
Slide 19: Global E-Commerce And D2C Strategy
Global E-Commerce And D2C Strategy Platform People Partnership Seamless UI/UX on Focused team driving Omni channel approach Company’s websites for global e-Commerce and D2C in India, USA, D2C initiatives Australia, and Mexico Smart 3PL services for efficient & prompt D2C Direct engagement with shipm
Slide 20: Innovative Marketing Strategies
Innovative Marketing Strategies
Slide 21: "India Ka No. 1 Cooler Symphony!" Campaign
“India Ka No. 1 Cooler Symphony!” Campaign A screenshot of a video A person sitting in a chair with a football ball Description automatically generated Description automatically generated Thandi Thandi Rimjhim Feeling Shopkeeper 21
Slide 22: "India Ka No. 1 Cooler Symphony!" Campaign
“India Ka No. 1 Cooler Symphony!” Campaign 22
Slide 23: 'Kal Ki Soch' towards sustainable living
‘Kal Ki Soch’ towards sustainable living Sustainability digital campaign in collaboration with renowned poet and filmmaker – Vineet KKN ‘Panchhi’ Synergies between the use of air coolers and the conservation of trees 23
Slide 24: AI based Personalized Campaigns
AI based Personalized Campaigns 24
Slide 25: Large Space Venti Cooling (LSV)
Large Space Venti Cooling (LSV)
Slide 26: 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 27: LSV: Air-Cooling + Ventilation
LSV: Air-Cooling + Ventilation MILLION+ TARGET SITES Warehouses Educational Factories Institutes Restaurants Hospitals Religious Places Banquet Halls and many more… 27
Slide 28: LSV Gaining Momentum (~10% of Revenue)
LSV Gaining Momentum (~ 10% of Revenue) Designing & Manufacturing in India Indigenisation of most components Acceleration of product launches Improved channel and customer awareness www.symphonyventicool.com 28
Slide 29: Media Campaign
Media Campaign 29
Slide 30: Beyond Cooling Campaign
Symphony Large Space Venti-Cooling Solutions Helping workplaces get cooler and the planet more sustainable. Thinking of Tomorrow 30
Slide 31: Global Clientele
Global Clientele & many more… 31
Slide 32: Driving Towards ESG Leadership
Driving Towards ESG Leadership
Slide 33: Driving Sustainability Through Environment Stewardship
Driving Sustainability Through Environment Stewardship “Climate Positive” Company (scope 1) 25 Mn+ coolers sold 132 Mn+ tons of equivalent CO2 saved till date 1.9 bn+ equivalent trees planted till date Source: Company Data 33
Slide 34: Making A Social Impact
Making A Social Impact Driven by ethics, dedication and cause Healthcare 04 Traditional Art Education CSR (Beyond Rated high by PEOPLE 01 The Biggest 03 employees Asset “Cheque Disaster Writing”) Management, Hunger, Poverty Relief, and & Malnutritions Rehabilitation 02 Social Equity Fostering creati
Slide 35: Corporate Governance (Beyond Compliances)
Corporate Governance (Beyond Compliances) Principles of integrity, transparency and commitment to values Responsible business action and ethical conduct 100% Independent Directors in Audit and NRC committees Robust mechanism for regulatory and taxation compliances Continuous monitoring and updation
Slide 36: Financials
Sympheny ia ’ f Tomorrow Thinking of r Make a J smart p today Financials
Slide 37: Performance Highlights: Consol. & Standalone
Performance Highlights: Consol. & Standalone Financials Consol. Standalone (₹ Cr.) Q4 FY24 FY24 Q4 FY24 FY24 Highest ever quarterly India domestic revenue ▪ Despite the strong base effect (Q4 FY23) Revenue 332 1,156 251 796 ▪ Fuelled by a searing summer with “above normal” temperatures Cashing in on
Slide 38: Performance Highlights: Overseas Subsidiaries
Performance Highlights: Overseas Subsidiaries (CT + IMPCO + GSK + Brazil) CT, Australia: Q4 FY24 FY24 ▪ Demand headwind persists (₹ Cr.) ▪ Cost rationalization driving improvement in EBITDA Revenue 111 433 starting Q3 FY24 ▪ EBITDA loss narrowed, despite lower sale Previous Year 97 385 IMPCO, Mexico
Slide 39: Consol. (Q4FY24): Financials
Consol. (Q4FY24): Financials ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin Operations 332 161 ▲27% ▲8% 48.5%(720 bps) EBITDA PAT 60 48 ▲158% ▲200% 18.2%(1,060 bps) 14.5%(930 bps) 39
Slide 40: Consol. (FY24): Financial
Consol. (FY24): Financial (₹ Cr.) ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin EBITDA* PAT Operations 1,156 555 170 148 ▼(-3%) ▲7% ▲24% ▲28% 48.0%(420 bps) 14.7%(310 bps) 12.8%(310 bps) Monthly Avg. Return on Capital Return on Net Capital Employed Employed Worth (of Core B
Slide 41: Consol. (FY24): EBITDA Margin Movement
Consol. (FY24): EBITDA Margin Movement *Excluding exceptional items 41
Slide 42: Standalone (Q4FY24): Financials
Standalone (Q4FY24): Financials ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin Operations 251 121 ▲4% ▲5% 48.4%(50 bps) EBITDA* PAT 63 46 ▲33% ▲9% 25.3%(530 bps) 18.5%(60 bps) *Excluding exceptional item of ₹ 7.73 cr. towards provision for expected credit loss on loan to GSK
Slide 43: Standalone (FY24): Financials
Standalone (FY24): Financials (₹ Cr.) ▲/ ▼ YoY change Margin %( / YoY change) Revenue from Gross Margin EBITDA* PAT Operations 796 390 160 153 ▼(-10%) ▼(-8%) ▼(-9%) ▼(-7%) 49.0%(110 bps) 20.2%(20 bps) 19.2%(60 bps) Monthly Avg. Return on Capital Return on Net Treasury^ Capital Employed Employe
Slide 44: Standalone (FY24): EBITDA Margin Movement
Standalone (FY24): EBITDA Margin Movement *Excluding exceptional items 44
Slide 45: Subsidiaries (FY24): Financials [1/2]
Subsidiaries (FY24): Financials (₹ Cr.) [1/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations CT - 185 (-23) (-25) Australia ▼(-18%) v/s (-43) v/s (-43) (-12.2%)(680 bps) (-13.3%)(560 bps) Revenue from EBITDA* PAT Operations IMPCO - 178 27 11 Mexico ▲51% ▲223% ▲454% 1
Slide 46: Subsidiaries (FY24): Financials [2/2]
Subsidiaries (FY24): Financials (₹ Cr.) [2/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations GSK - 44 5 0.4 China ▲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 ▲178% v/s (-0.4) v/s (-0.7) 9.7%(
Slide 47: Outlook
Outlook India Summer 2024: ▪ A scorching heatwave grips all of India, with prolonged heatwaves backing the southern, eastern, central, western and northern regions ▪ Sizzling summer heating up Symphony air cooler sales across geographies and channels “Numero Uno” in the air cooler industry: ▪ Innova
Slide 48: Business transformation at CT, Australia
Business transformation at CT, Australia [A] Initiatives already implemented / in advanced stage: Substantial ▪ Pre-Acquisition : ~ A$ 14 million (viz. ₹ 77 cr. p.a.) 1 rationalization ▪ FY24 : ~ A$ 9 million (viz. ₹ 49 cr. p.a.) of CODB ▪ FY25 onwards : ~ A$ 7 million (viz. ₹ 38 cr. p.a. - estimate
Slide 49: Shareholders' Reward Policy
Shareholders’ Reward Policy
Slide 50: Consistent Payout to Shareholders
Consistent Payout to Shareholders Shareholders’ Reward Policy Shareholders’ Payout History Payout (% of PAT) 10 Years 5 Years 3 Years FY 23-24 At Least 60% 69% 99% 114% 61% (₹ 937 cr.) (₹ 665 cr.) (₹ 436 cr.) (₹ 90 cr.) Dividend, Special Dividend and buyback (Upgraded and effective from February 08,
Slide 51: Shareholding Pattern
Thi Shareholding Pattern
Slide 52: Shareholding Pattern (As on 31/3/24)
Shareholding Pattern (As on 31/3/24) 13.02% No. Top Domestic Mutual Funds 1 HDFC Mutual Fund 3.32% 2 Axis Mutual Fund 3 UTI Mutual Fund 4 ICICI Mutual Fund 10.27% 5 Franklin Templeton Mutual Fund No. Top Foreign Portfolio Investors Public Sector Pension Investment Board – IIFL 1 Asset Management Lim
Slide 53: Glossary
Glossary CT, Australia : Climate Technologies, Australia Symphony, Brazil : Symphony Climatizadores Ltda, Brazil Gross Margin (%) : % of Revenue from operations A&P : Advertisement and Sales Promotion Expenses : Earnings Before Interest, Tax, Depreciation and Amortization EBITDA (Excludes other inco
Slide 54: Thinking of Tomorrow
. Thinking of Tomorrow & Embrace Carbon-neutral Cooling that Save Today, Shape Your Tomorrow. | Master Cool! Arctic Circle | Ki | = BONAIRE | Durango | @TravelAire