Slide 1: Earnings Presentation Q4FY22
EARNINGS PRESENTATION Q4FY22 For better viewing experience kindly watch on Desktop/Laptop
Slide 2: Disclaimer
Disclaimer Safe Harbour 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 expectat
Slide 3: Contents
Contents 1 Performance Highlights 2 Financials 3 Outlook 4 New Product Launches 5 Advancing ESG Agenda 6 Advertising Campaigns 7 D2C Brand Store 8 Shareholder Profile
Slide 4: Performance Highlights
Sympheny Refreshing Lives Performance 2=] Mullelalitelae
Slide 5: Performance Highlights – FY22
Performance Highlights – FY22 Conso. Gross Profit Margin : 45% (FY21 : 45%) & EBITDA Margin : 19% (FY21 : 18%) 1 ➢ Despite elevated raw material cost and logistic cost Conso. Gross Profit Margin and EBITDA Margin are most relevant ratios to look at (and not just Symphony India) 2 ➢ Large chunk of sa
Slide 6: Performance Highlights – FY22
Performance Highlights – FY22 6 Complete normalization of the trade inventory in India 7 Excellent consumer sales across India 8 April, 2022 Sales (Symphony India) : Higher than historical highest ever April sales 9 Good traction in LFS and E-Commerce channels LSV business attaining good traction: 1
Slide 7: Financials
Financials
Slide 8: FY22 – Consolidated
FY22 – Consolidated
Slide 9: Financials (₹ in Cr.)
Financials (₹ in Cr.) Gross Revenue EBITDA* Profit After Tax 16% 18% 1,079 931 201 170 13% 121 107 FY22 FY21 FY22 FY21 FY22 FY21 *Excluding exceptional items
Slide 10: Robust Profitability of International Business
Robust Profitability of International Business Revenue (₹ in Cr.) Revenue (%) 1,039 900 527 51% 52% 469 SEGMENT BREAKUP SEGMENT BREAKUP 512 431 49% 48% FY22 FY21 FY22 FY21 PBIT (₹ in Cr.) PBIT (%) 177 142 7% 70 39% 11 93% 107 131 61% FY22 FY21 FY22 FY21
Slide 11: Profitability Ratio (%)
Profitability Ratio* (%) Gross Margin (%) EBITDA Margin (%) PAT Margin (%) 45% 45% 19% 18% 11% 12% FY22 FY21 FY22 FY21 FY22 FY21 *Gross Margin as % of Sales and other margins as % of Gross Revenue
Slide 12: ROCE and Treasury
ROCE and Treasury ROCE (%) Treasury (₹ in Cr.) as on (Air Cooling & Other Appliances) 564 562 519 42% 41% FY22 FY21 31-03-22 31-12-21 31-03-21 ROCE = PBIT/Monthly Avg. Capital Employed
Slide 13: FY22 – Symphony India (Standalone)
FY22 – Symphony India (Standalone)
Slide 14: Financials (₹ in Cr.)
Financials (₹ in Cr.) Gross Revenue EBITDA Profit After Tax 679 524 153 152 111 112 FY22 FY21 FY22 FY21 FY22 FY21
Slide 15: Profitability Ratio (%)
Profitability Ratio* (%) Gross Margin (%) EBITDA Margin (%) PAT Margin (%) 45% 48% 29% 23% 21% 16% FY22 FY21 FY22 FY21 FY22 FY21 The most relevant ratios viz. Gross Profit Margin and EBITDA Margin to be looked at on the Conso basis, as the large chunk of sales is from Symphony India to the USA and t
Slide 16: ROCE and Treasury
ROCE and Treasury ROCE (%) Treasury* (₹ in Cr.) as on (Air Cooling & Other Appliances) 237% 553 511 503 132% FY22 FY21 31-03-22 31-12-21 31-03-21 ROCE = PBIT/Monthly Avg. Capital Employed *Excluding loans/investments in subsidiaries
Slide 17: FY22 – Subsidiaries
FY22 – Subsidiaries
Slide 18: Subsidiaries' performance
Subsidiaries’ performance CT + Bonaire IMPCO, Mexico GSK, China 371 Financials (₹ Crores) 338 103 75 38 40 38 13 8 11 23 15 1 13 9 7 2 0 -2 -10 -6 -3 -9 -4 FY22 FY21 FY22 FY21 FY22 FY21 Cash profit excluding interest & guarantee charges on acquisition term loan EBITDA excluding exceptional items Cas
Slide 19: Q4FY22 – Consolidated
Q4FY22 – Consolidated
Slide 20: Financials (₹ in Cr.)
Financials (₹ in Cr.) Gross Revenue EBITDA* Profit After Tax 400 345 212 98 90 64 63 37 21 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 *Excluding exceptional items
Slide 21: Robust Profitability of International Business
Robust Profitability of International Business Revenue (₹ in Cr.) Revenue (%) 384 339 214 205 49% 41% 165 56% SEGMENT BREAKUP SEGMENT BREAKUP 84 170 174 51% 59% 121 44% Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 PBIT (₹ in Cr.) PBIT (%) 92 85 35% 30 64% 59 103% 31 65% 55 36% 33 32 -3% -1 Q4FY22 Q4FY2
Slide 22: Profitability Ratio (%)
Profitability Ratio* (%) Gross Margin (%) EBITDA Margin (%) PAT Margin (%) 46% 48% 44% 24% 26% 17% 16% 18% 10% Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 *Gross Margin as % of Sales and other margins as % of Gross Revenue
Slide 23: Q4FY22 – Symphony India (Standalone)
Q4FY22 – Symphony India (Standalone)
Slide 24: Financials (₹ in Cr.)
Financials (₹ in Cr.) Gross Revenue EBITDA Profit After Tax 263 220 154 60 68 40 43 49 29 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22
Slide 25: Profitability Ratio (%)
Profitability Ratio* (%) Gross Margin (%) EBITDA Margin (%) PAT Margin (%) 48% 42% 44% 31% 26% 23% 22% 19% 16% Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 *Gross Margin as % of Sales and other margins as % of Gross Revenue
Slide 26: Outlook
Outlook
Slide 27: Outlook
Outlook 1 Upbeat on the domestic & overseas business 2 Close watch on input cost, logistic cost and supply chain Agile international supply chain to address emerging logistics and raw material cost 3 dynamics Increasing traction for LSV driven by : ➢ new products, 4 ➢ better cost structure and ➢ Abo
Slide 28: New Product Launches
New Product Launches
Slide 29: Household
Household Surround i Surround Duet i-s Duet
Slide 30: Exclusive D2C products
Exclusive D2C products Quark 12 Deuce 40 Deuce 25 Qute 12 Qute 8 Harvy
Slide 31: Exclusive D2C products – Launching soon
Exclusive D2C products – Launching soon Disney Range Marvel Range ❑ Frozen ❑ Ironman ❑ Cinderella ❑ Spiderman
Slide 32: LSV
LSV VENTI COOL 10 U VENTI COOL 08 U
Slide 33: Household – Subsidiaries
Household – Subsidiaries Roof Mounted Air Coolers - EAC SHT MovilXL
Slide 34: Advancing ESG Agenda
Advancing ESG Agenda
Slide 35: Driving sustainability through environment stewardship
Driving sustainability through environment stewardship The Core Belief Unparalleled Commitment Symphony Forest Park Energy Conservation Our The Planet Business Energy efficient products The People Improving carbon credits
Slide 36: Embracing Socioeconomics within Symphony
Embracing Socioeconomics within Symphony Preventive Healthcare & Promoting Healthcare Promotion & Development Promoting ❑ People – The Biggest Asset of Traditional Education Art ❑ The Company’s sustained CSR improvements being attributed to their ethics, (Beyond “Cheque dedication and energy Disaste
Slide 37: Corporate Government Philosophy
Corporate Government Philosophy Responsible business action, ethical conduct, and environmental stewardship – Core to our philosophy of wealth creation STRATEGIC CONTROL Board approved policies, uploaded on the Company’s website Audit Committee and Nomination & Remuneration Committee (100% independe
Slide 38: Advertising Campaigns
Advertising Campaigns
Slide 39: New Print Ads – Household Category
New Print Ads – Household Category
Slide 40: New Commercial – Household Category
New Commercial – Household Category
Slide 41: New Commercial – Household Category
New Commercial – Household Category
Slide 42: New Commercial – Household Category
New Commercial – Household Category
Slide 43: New Commercial – LSV Category
New Commercial – LSV Category
Slide 44: D2C Brand Store
Sympheny quae D2C Brand Store
Slide 45: Symphony D2C Brand Store
Symphony D2C Brand Store ✓ Complete transformation of D2C Website for India with new features and seamless customer experience ✓ D2C websites launched for Australia and Mexico ✓ Exclusive product ranges, including tie-up with Disney, Green Gold and Marvel ✓ No-Cost EMI and COD payment options https:
Slide 46: Shareholder Profile
Shareholder Profile
Slide 47: Shareholder profile (As on March 31, 2022)
Shareholder profile (As on March 31, 2022) Sr. Holding 12.21% Top 10 Institutional Investors No. (%) 1 Axis Mutual Fund 5.25% 4.49% 2 HDFC Mutual Fund 3.02% 3 Taiyo Greater India Fund Limited 1.15% 10.05% 4 UTI Mutual Fund 0.72% Public Sector Pension Investment Board – 5 0.47% IIFL Asset Management
Slide 48: www.symphonylimited.com
www.symphonylimited.com MEXICO CHINA AUSTRALIA USA Brazil Impco S de R L de C V Guangdong Symphony Climate Technologies Bonaire USA LLC Symphony Keruilai Air Coolers Co. Ltd. Pty. Ltd. Climatizadores Limitada AYAX 611, Parque Taiying Industrial Area, 26 Nylex Avenue 3774, West Cheyenne Av Pedra Bran