Whirlpool Of India Limited · NSE:WHIRLPOOL
Whirlpool Of India — Q3 FY2024-25 Earnings Presentation
29 slides from Whirlpool Of India's earnings presentation, Feb 7, 2025
Slide 1: Exchange intimation letter for earnings call presentation
February 07, 2025 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Mumbai, Bandra Kurla Complex, Bandra East, Maharashtra - 400001 Mumbai, Maharashtra – 400051
Slide 2: Welcome to Earnings Conference Call of Whirlpool of India Limited
` Welcome to Earnings Conference Call of Whirlpool of India Limited The Call will begin at 04:00 PM
Slide 3: Whirlpool of India Limited Corporate Presentation
Whirlpool of India Limited Corporate Presentation February 07, 2025 2
Slide 4: Cautionary Statement
Cautionary Statement This Presentation/Communication, except for the historical information, may contain statements, including the words or phrases such as 'expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should' and similar
Slide 5: Cautionary Statement
Cautionary Statement Certain statements may be made on this call relating to the anticipated sell-down by Whirlpool Corporation (“WHR Corp”), its rationale, views on its expected impact on Company’s continued business and related matters, which constitute “forward-looking statements” within the mean
Slide 6: Agenda
Agenda 1 Business Overview 2 Strategic Imperatives 3 Financial Performance 5
Slide 7: Business Overview
Whirlpool Business Overview
Slide 8: India Standalone: Sustaining the Momentum Thru Apr-Dec
India Standalone: Sustaining the Momentum Thru Apr-Dec ● Revenue growth of 17% vs LY ● Robust P4G (Cost takeout) program leading to gross margin improvement of 220 bps ● PBT growth of +100% vs LY … PBT% improvement of 210 bps ● Strong share gain in triple digits bps vs LY in both Ref and Washers ● P
Slide 9: Clear Turnaround of Business in 24-25 With Strong Profit Growth
Clear Turnaround of Business in 24-25 With Strong Profit Growth Standalone Revenue from Operations Growth % Standalone Profit Before Tax* Abs Growth % vs LY Sustained MS Impacted by Covid, Cost Tale of two growth with Competition halves strong execution FY 1.9% FY 1.2% 8 *Profit before tax is before ex
Slide 10: Improving T2 (Refrigerator & Washers) Market Share Trend
Improving T2 (Refrigerator & Washers) Market Share Trend Jan 23 - Mar 23 Apr 23 - Sep 23 Oct 23 - Mar 24 Apr 24 - Jun 24 Jul 24 - Sep 24 Oct 24 - Dec 24 Mid Single Flattish Mid Single Low Double Flattish Mid Single *Market: Digit Growth Growth Digit Growth Digit Growth Growth Digit Growth Impacted b
Slide 11: Market Share Trends at Category Axis
Market Share Trends at Category Axis Jan23 - Mar23 Apr 23 - Sep 23 Oct 23 - Mar 24 Apr 24 - Jun 24 Jul 24 - Sep 24 Oct 24 - Dec 24 DC - - - ++ +++ +++ +++ +++ NF --- --- -- ++ ++ +++ SA --- -- -- -- ++ ++ VA --- flat +++ +++ +++ +++ HA +++ +++ +++ ++ ++ +++ 10
Slide 12: Cost Productivity Programs Driving GM Improvement
Cost Productivity Programs Driving GM Improvement Gross Margin% Improvement vs Last Year 11 Note: Gross Margin is calculated as Revenue from sale of products less cost of raw materials, components, purchase of traded goods and change in inventories.
Slide 13: Efficient Inventory Management Drives Negative Working Capital
Efficient Inventory Management Drives Negative Working Capital 12 Note: Working capital is sum of trade receivables and inventory less trade payables (inc. non current trade payables). WC % to Net Revenue is calculated on Net revenue from sale of goods.
Slide 14: Strategic Imperatives
Whirlpool Strategic Imperatives
Slide 15: Our Strategic Imperatives
Our Strategic Imperatives… INSPIRE WIN WITH EXCELLENCE IN BUILD A GROW OUR GENERATIONS PRODUCT EXECUTION COMPETITIVE AND CONSUMER WITH OUR LEADERSHIP RESILIENT SUPPLY DIRECT BUSINESS BRANDS CHAIN 14
Slide 16: Inspire with Brands: Frost Free TV Campaign
Inspire with Brands: Frost Free TV Campaign 15
Slide 17: Inspire With Brands: Collaboration With Unilever
Inspire With Brands: Collaboration With Unilever ● Penetration Driving - Washing Machine and Liquid Detergents and Joint Marketing ● Campaign live on 15th June TV Campaign Sampling, OnPack endorsement Co-branded dirt removal campaign Sampling, On pack, on product Sticker 16
Slide 18: Inspire with Brands: Extended Warranty on Washers
Inspire with Brands: Extended Warranty on Washers 4 Years Comprehensive Warranty on Semi 5 Years Comprehensive Warranty on Automatic Washing Machine Front Load Fully Automatic Washers 17
Slide 19: Product Leadership: New Product Launches
Product Leadership: New Product Launches ` New DC Glass Door Range 18 18
Slide 20: Product Leadership: Dynamix Detergent Dispenser
Product Leadership: Dynamix Detergent Dispenser ` DYNAMIX TECHNOLOGY Hydrodynamic fins vigorously mix the detergent with water, ensuring no detergent coagulation and, hence, offering a supreme wash *Disclaimer: Results based on internal lab tests done on select AceXL with detergent dispenser models ex
Slide 21: Excellence in Execution and Creating a Consumer-Centric Service Organization
Excellence in Execution and Creating a Consumer - Centric Service Organization Aim: Win Every Day in Every Store with Every Consumer Strong NPS Improvement Invested in front end capability 100 and capacity 50 Stronger sales & service execution, driving premiumization 0 Stronger visibility of premium
Slide 22: Robust P4G Program Driving Improvement in Margins
Robust P4G Program Driving Improvement in Margins Achieved Silver in Pune and Bronze Significant step up in the material cost in other two manufacturing sites productivity actions 21
Slide 23: Financial Performance
Whirlpool Financial Performance 22
Slide 24: Oct-Dec'24 (Q3) Standalone (Whirlpool Of India)
Oct-Dec’24 (Q3) Standalone (Whirlpool Of India) ● Double digit revenue growth driven by TOPLINE GROWTH ○ Strong triple digit market share improvement in Ref Revenue YoY change and Washer vs last year 1,565 Cr +12% ○ Festival driven industry growths in refrigerators and washer ○ Segment premiumizatio
Slide 25: Oct-Dec'24 (Q3) Consolidated (Whirlpool + Elica)
Oct-Dec’24 (Q3) Consolidated (Whirlpool + Elica) ● Revenue from operations up by ~11% driven by TOPLINE GROWTH ○ Strong triple digit market share improvement in Ref and Washer vs last year Revenue YoY change ○ Festival driven industry growths in refrigerators and washer 1,705 Cr +11.0% ○ Segment pre
Slide 26: Apr-Dec 2024-25 Standalone (Whirlpool Of India)
Apr-Dec 2024-25 Standalone (Whirlpool Of India) TOPLINE GROWTH Revenue YoY change ● Apr-Dec’24 Revenue up by ~17.2% driven by 5,531 Cr +17.2% ○ Strong triple digit market share gain in refrigerators and washers vs last year EBITDA* MOVEMENT ○ Summers and festival driven industry growth EBITDA* (% re
Slide 27: Apr-Dec 2024-25 Consolidation (Whirlpool Of India)
Apr-Dec 2024-25 Consolidation (Whirlpool Of India) TOPLINE GROWTH Revenue YoY change 5,915 Cr +16.1% ● Apr-Dec’24 Revenue up by ~16.1% Revenue growth driven by strong triple digit market share improvement in EBITDA* MOVEMENT Ref and Washer vs last year and strong summer and EBITDA* (% revenue) YoY c
Slide 28: Whirlpool
Whirlpool
Slide 29: Thank you!
Whirlpool Thank you!
Whirlpool of India — Q3 FY2024-25 Earnings Presentation on 6ix