Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — 4QFY19 Earnings Presentation
21 slides from Sunshine's earnings presentation, May 30, 2019
Slide 1: Earnings Presentation 4QFY19
Earnings Presentation 4QFY19 30th May, 2019
Slide 2: Group Performance
Group Performance
Slide 3: Group at a Glance – FY19 [Apr-Mar]
Group at a Glance – FY19 [Apr-Mar] • LKR 22.6bn in Revenue; +6.9% YoY • LKR 1.1bn PAT; -36.5% YoY • PATMI of LKR 553m; -16.7% YoY Revenue - FY19 • Healthcare revenue; LKR 9.3bn; +14.1% YoY Other, 2% • Agri revenue; LKR 7.1bn; -2.0% YoY FMCG, ▪ 11.8m kg of palm oil, +9.6% YoY Healthcar 26% e, 41% LKR
Slide 4: Group at a Glance – 4QFY19 [Jan-Mar]
Group at a Glance – 4QFY19 [Jan-Mar] • LKR 5.9bn in Revenue; +5.6 YoY • LKR (163m) PAT • PATMI of LKR (147m) Revenue - 4QFY18 Other, • Healthcare revenue; LKR 2.5bn; +17.9% YoY 0% Healthcare • Agri revenue; LKR 1.9bn; +2.4% YoY FMCG, 25% , 43% ▪ 2.9m kg of palm oil, +26.1% YoY LKR 5.9bn ▪ 1.5m kg of
Slide 5: Group Financial Highlights
Group Financial Highlights Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 22,642 21,181 6.9% 5,935 5,618 5.6% EBIT 2,218 2,580 -14.0% 148 591 -75.0% EBIT Margin 9.8% 12.2% 2.5% 10.5% PAT 1,146 1,805 -36.5% (163) 166 n/m PAT Margin 5.1% 8.5% -2.7% 3.0% PATMI 553 664 -16.7% (147) 153 n/m EP
Slide 6: 4Q Revenue Growth Trend
4Q Revenue Growth Trend • 5 Year CAGR of 10% 5 Yr CAGR: 10% 7,000 14% 12% 5,935 6,000 5,618 12% 5,040 5,000 4,615 11% 10% 4,105 4,000 9% 8% LKR m 3,000 6% 6% 2,000 4% 1,000 3% 2% - 0% 4QFY15 4QFY16 4QFY17 4QFY18 4QFY19 Revenue Revenue Growth
Slide 7: 4Q Profitability
4Q Profitability 350 5% 6% 6% 300 5% 250 4% 4% 3% 200 3% 150 2% LKR m 100 1% 50 207 169 281 166 (163) 0% - 4QFY15 4QFY16 4QFY17 4QFY18 4QFY19 -1% (50) (100) -2% (150) -3% -3% (200) -4% PAT PAT Margin • Net loss of LKR (163m) compared to a profit of LKR166m last year – Differed tax LKR89m and impairm
Slide 8: Earnings Contribution 4QFY19
Earnings Contribution 4QFY19 PAT Healthcare 149 (83) Agri FMCG 97 (102) Energy (150) (100) (50) - 50 100 150 200
Slide 9: Segment Performance
Segment Performance
Slide 10: Healthcare
Healthcare Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 9,315 8,162 14.1% 2,528 2,144 17.9% EBIT 531 416 27.8% 200 92 118.0% EBIT Margin 5.7% 5.1% 7.9% 4.3% PAT 368 258 42.4% 149 57 161.7% PAT Margin 3.9% 3.2% 5.9% 2.7% Highlights • 4QFY19 Revenue up by 17.9% YoY due to higher sales vol
Slide 11: Healthcare Retail
Healthcare Retail 23 Outlets existing outlets in Colombo, including 11 express outlets Highlights • Continued focus on Wellness helped EBIT margin expansion - 113 bps compared to same period last year • Strong growth in customer footfall and loyalty engagement • Improve operational efficiency • Impr
Slide 12: FMCG
FMCG Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 5,859 5,381 8.9% 1,491 1,546 -3.5% EBIT 683 395 73.2% 119 102 17.0% EBIT Margin 11.7% 7.3% 8.0% 6.6% PAT 489 294 66.4% 97 88 10.5% PAT Margin 8.3% 5.5% 6.5% 5.7% Highlights • 4QFY19 Revenue degrowth of 3.5% YoY due to lower consumer buyi
Slide 13: Agri – Sector Results
Agri – Sector Results Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 7,122 7,266 -2.0% 1,943 1,898 2.4% EBIT 981 1,566 -37.4% (61) 403 -115.0% EBIT Margin 13.8% 21.6% -3.1% 21.3% PAT 650 1,179 -44.9% (83) 140 -159.6% PAT Margin 9.1% 16.2% -4.3% 7.4% Highlights • Revenue increased by 2.4%
Slide 14: Agri - WATA
Agri - WATA Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 3,082 2,601 18.5% 760 566 34.1% EBIT 1,036 919 12.7% 126 172 -26.9% EBIT Margin 33.6% 35.3% 16.6% 30.4% PAT 763 660 15.5% 90 (6) -1591.3% PAT Margin 24.8% 25.4% 11.8% -1.1% Highlights • Revenue LKR 760m higher 34.1% YoY coupled wi
Slide 15: Agri - HPL
Agri - HPL Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 4,040 4,665 -13.4% 1,183 1,331 -11.2% EBIT (55) 647 -108.6% (187) 231 -180.9% EBIT Margin -1.4% 13.9% -15.8% 17.3% PAT (113) 519 -121.7% (173) 147 -217.6% PAT Margin -2.8% 11.1% -14.6% 11.0% Highlights • Revenue reduced by 11.2% Yo
Slide 16: Energy
Energy Growth 4Q 4Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 356 248 43.2% 44 44 0.1% EBIT 205 122 68.4% 9 11 -18.8% EBIT Margin 57.7% 49.1% 20.2% 25.0% PAT 63 48 32.3% (102) (9) 1084.6% PAT Margin 17.8% 19.3% -228.3% -19.3% Highlights • Revenue flat due to lower rainfall in catchment areas • El
Slide 17: Additional data for analysts
Additional data for analysts 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q LKR m FY15 FY16 FY16 FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 Revenue 4,105 4,179 4,341 4,288 4,615 4,621 4,864 4,425 5,115 5,164 5,128 5,235 5,618 5,578 5,337 5,792 5,935 PAT 207 314 344 391
Slide 18: Outlook
Outlook
Slide 19: Outlook for 1Q FY20
Outlook for 1Q FY20 Healthcare Agri • MRP increase for price • Exit Tea Plantation business control product • Crop to increase with the yield • Focus on government tender curve shift income in Medical Devices • Capital re-structure in Dairy • Focus on Beauty & Wellness business brands to increase ma
Slide 20: 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 21: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php