Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — Q3 FY2020 Earnings Presentation
18 slides from Sunshine's earnings presentation, Feb 13, 2020
Slide 1: Earnings Presentation 3QFY20
Earnings Presentation 3QFY20 13th February, 2020
Slide 2: Group Performance
Group Performance
Slide 3: Group at a Glance – 3QFY20 [Oct-Dec]
Group at a Glance – 3QFY20 [Oct-Dec] Reported • LKR 5.3bn in Revenue; -8.4YoY • LKR 470m PAT; -6.2% YoY • PATMI of LKR 287; +5.0% YoY Revenue - 3QFY20 • Healthcare revenue; LKR 2.9bn; +22.8% YoY Other, 3% • Agri revenue; LKR 0.8bn; -54.7% YoY FMCG, 27% ▪ 2.8m kg of palm oil, +5.2% YoY LKR 5.3bn • FM
Slide 4: Group at a Glance – 3QFY20 Adjusted for HPL Divestment
Group at a Glance – 3QFY20 [Oct-Dec] Adjusted for HPL Divestment • LKR 5.3bn in Revenue; +9.2 YoY • LKR 470m PAT; +12.9% YoY Revenue - 3QFY20 Other, 3% • Healthcare revenue; LKR 2.9bn; +22.8% YoY • Agri revenue; LKR 0.8bn; -0.8% YoY FMCG, 27% ▪ 2.8m kg of palm oil, +5.2% YoY LKR 5.3bn • FMCG revenue
Slide 5: Group Financial Highlights
Group Financial Highlights 9M 9M Growth 3Q 3Q Growth LKR m FY20 FY19 % FY20 FY19 % Revenue 15,821 16,636 -4.9% 5,282 5,768 -8.4% EBIT 2,556 2,050 24.7% 708 769 -7.9% EBIT Margin 16.2% 12.3% 13.4% 13.3% PAT 1,700 1,285 32.3% 470 501 -6.2% PAT Margin 10.7% 7.7% 8.9% 8.7% PATMI 1,019 697 46.1% 287 274
Slide 6: 3Q Revenue Growth Trend
3Q Revenue Growth Trend • 5 Year CAGR of 5% 5 Yr CAGR: 5% 7,000 0.2 18% 6,000 5,768 0.15 5,235 5,282 5,000 4,288 4,425 10% 0.1 4,000 LKR m 5% 0.05 3,000 3% 0 2,000 -0.05 1,000 -8% - -0.1 3QFY16 3QFY17 3QFY18 3QFY19 3QFY20 Revenue Revenue Growth
Slide 7: 3Q Profitability
3Q Profitability 600 0.094 9% 4899% 501 500 9% 470 0.092 391 403 400 0.09 9% LKR m 300 0.088 9% 200 0.086 100 0.084 - 0.082 3QFY16 3QFY17 3QFY18 3QFY19 3QFY20 PAT PAT Margin • Net profit of LKR 470m compared to a profit of LKR501m 3Q last year due to; • Degrowth in Palm oil revenue due to annual mai
Slide 8: Segment Performance
Segment Performance
Slide 9: Healthcare
Healthcare 9M 9M Growth 3Q 3Q Growth LKR m FY20 FY19 % FY20 FY19 % Revenue 8,177 6,787 20.5% 2,911 2,369 22.8% EBIT 698 331 110.7% 251 94 166.9% EBIT Margin 8.5% 4.9% 8.6% 4.0% PAT 407 218 86.4% 127 65 96.6% PAT Margin 5.0% 3.2% 4.4% 2.7% Highlights • 3QFY20 Revenue up by 22.8% YoY due to higher sal
Slide 10: Retail
Retail 22 Outlets existing outlets in Colombo, including 9 express outlets Highlights • Increase in EBIT margin due to higher foot fall • 3Q revenue growth indicating a strong recovery after Easter Sunday incident • Consumer Curtailed spending on non-essentials • Improve operational efficiency • Imp
Slide 11: FMCG
FMCG 9M 9M Growth 3Q 3Q Growth LKR m FY20 FY19 % FY20 FY19 % Revenue 4,209 4,335 -2.9% 1,427 1,566 -8.9% EBIT 423 565 -25.1% 137 218 -37.2% EBIT Margin 10.0% 13.0% 9.6% 13.9% PAT 294 392 -25.1% 95 155 -38.9% PAT Margin 7.0% 9.0% 6.7% 9.9% Highlights • 3QFY20 Revenue decrease due to sluggish consumer
Slide 12: Agri
Agri 9M 9M Growth 3Q 3Q Growth LKR m FY20 FY19 % FY20 FY19 % Revenue 2,587 2,322 11.4% 775 782 -0.8% EBIT 1,069 911 17.4% 250 282 -11.4% EBIT Margin 41.3% 39.2% 32.3% 36.1% PAT 777 673 15.3% 174 196 -11.1% PAT Margin 30.0% 29.0% 22.4% 25.0% Excluding Tea plantation business Highlights • Revenue decr
Slide 13: Energy
Energy 9M 9M Growth 3Q 3Q Growth LKR m FY20 FY19 % FY20 FY19 % Revenue 255 311 -18.2% 155 114 35.8% EBIT 85 198 -57.2% 86 77 12.4% EBIT Margin 33.2% 63.6% 55.7% 67.4% PAT 29 165 -82.1% 66 63 5.5% PAT Margin 11.6% 53.0% 42.7% 55.1% Highlights • Revenue increase by 35.8% YoY due to the commencement of
Slide 14: Additional data for analysts
Additional data for analysts 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q LKR m FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 FY20 Revenue 4,288 4,615 4,621 4,864 4,425 5,115 5,164 5,128 5,235 5,618 5,575 5,294 5,768 5,9355 5,210 5,329 5,282 PAT 391 169 408 51
Slide 15: Outlook
Outlook
Slide 16: Outlook for 4Q FY20
Outlook for 4Q FY20 Healthcare Agri • Strong growth in Medical devices • Crop to increase with the yield and Pharmaceuticals curve shift • Healthguard revenue drives • RSPO audit complete. Certificate through the Wellness products expected in 1QFY21 • Increase is milk selling price at FMCG dairy far
Slide 17: 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 18: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php