Symphony Limited · NSE:SYMPHONY

Symphony — Investor Presentation (February 2024)

57 slides from Symphony's investor presentation, February 2024

  1. Slide 1: Corporate Presentation Feb-24

    Corporate Presentation Feb-24

  2. 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

  3. Slide 3: A World We Are Seeking to Create

    + A WORLD WE ARE MILLION AIR COOLERS SEEKING TO CREATE SOLD WORLDWIDE 3

  4. 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 6 Advancing ESG Agenda 7 Financials 8 Shareholders’ Reward Policy 9 Shareholding Pattern 4

  5. Slide 5: Symphony (A Pioneer of Evaporative Air Cooling)

    Symphony (A Pioneer of Evaporative Air Cooling)

  6. 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

  7. Slide 7: Expanding Market Reach

    Expanding Market Reach India Mexico China 4,000 500 3,500 USA China ₹ 12,000 Cr. Australia USA Brazil Mexico Australia Brazil 900 2,100 1,000 & exporting across 60+ countries worldwide 7

  8. Slide 8: Wide Portfolio of Global Brands

    Wide Portfolio of Global Brands 8

  9. Slide 9: Household Cooler in India: A long runway (1/2)

    Household Cooler in India: A long runway (1/2) Cooling Pyramid (HH in %) Heatwaves battering India 190 174 150 Avg. number of heatwave days Air 4.9% 100 Conditioner Air 14.1% Cooler 2013 2016 2019 2022 Source: Environment statistics, MoSPI India the first place in the world to experience heat waves

  10. Slide 10: Household Cooler in India: A long runway (2/2)

    Household Cooler in India: A long runway (2/2) State of Electricity Connectivity Rapid Urbanisation URBAN RURAL 43% residing in urban % of population 40% Availability 98% 90% area 37% Rate 35% 33% Access Rate 96% 84% 2015 2020 2025[E] 2030[E] 2035[E] Source: The UN Habitat’s World Cities Report 2022

  11. Slide 11: Innovative Products Portfolio

    Innovative Products Portfolio

  12. Slide 12: World's 1st air cooler with BLDC Technology

    World’s 1st air cooler with BLDC Technology Diet 3D 55B Diet 3D 30B Winter 80B *Under test conditions 12

  13. Slide 13: Movicool Range

    Movicool Range Sympheny Thinking of Tomorrow You are PLANTING 45* TREES per year with this air cooler! Enjoy The Cool Air Powerful 20m* air throw, b Symphieny ie . consumes 215 watt* With More Savings Now. (Large Room) COLD =a" cee r | 4 » * Keep door window open for effective cooling & cross ventil

  14. Slide 14: Tower Fan Range

    Tower Fan Range Touchscreen 45° Control Panel Swivel Bladeless Full-Function Technology Remote Dust Low Power Filter Consumption Surround Surround-I 14

  15. Slide 15: Cooling Fan Range

    Cooling Fan Range Duet Duet i-S Duet i 15

  16. Slide 16: Personal Table Cooling Fan

    Personal Table Cooling Fan Duet Mini 16

  17. Slide 17: Investing in New Age Platforms

    Investing in New Age Platforms

  18. Slide 18: 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

  19. Slide 19: Innovative Marketing Strategies

    Innovative Marketing Strategies

  20. Slide 20: '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 20

  21. Slide 21: AI based Personalized Campaigns

    AI based Personalized Campaigns 21

  22. Slide 22: "Papa Cool" Campaign in Summer-23

    “Papa Cool” Campaign in Summer - 23 22

  23. Slide 23: Awards & Recognitions

    Awards & Recognitions “Best use of AI in a campaign” “Best Creativity”* “Best FMCD & FMCE Campaign” at at at The Mommy Awards-23 The E4m Prime Time Awards-22 #ImpactDigitalInfluencer Awards-22 *In Consumer Durables & Electronics category 23

  24. Slide 24: Large Space Venti Cooling (LSV)

    Large Space Venti Cooling (LSV)

  25. Slide 25: LSV Business Gaining Momentum

    LSV Business Gaining Momentum Factories Designing & Manufacturing in India Educational Institutions Indigenisation of most Million+ Warehouses components target sites (and Religious & Public Places counting) Acceleration of product launches Banquets & Restaurants Showrooms, Residence & Improved chan

  26. Slide 26: LSV Product Range

    o 5) = © ax ~ oO > xo) ie} —_ oO > “) = 26

  27. Slide 27: Media Campaign

    Media Campaign 27

  28. Slide 28: Beyond Cooling Campaign

    Symphony Large Space Venti-Cooling Solutions Helping workplaces get cooler and the planet more sustainable. 28

  29. Slide 29: Global Clientele

    Global Clientele & many more… 29

  30. Slide 30: Advancing ESG Agenda

    Advancing ESG Agenda

  31. Slide 31: 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 31

  32. Slide 32: 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

  33. Slide 33: 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

  34. Slide 34: Financials

    Thi Financials

  35. Slide 35: Performance Highlights (FY23)

    Performance Highlights (FY23) Highest ever standalone and domestic sales surpassing pre-Covid historical high ▪ 24% and 21% growth respectively vis-à-vis FY20 The undisputed market leader with a market share of ~ 50% in India ▪ Accelerated product offtake across models Robust domestic sales growth a

  36. Slide 36: Consol. (FY23): Financials (₹ cr.)

    Consol. (FY23): Financials (₹ cr.) ▲/ ▼ YoY change Margin %( /  YoY change) Revenue from Gross Margin EBITDA PAT Operations 1,184 521 138 116 ▲14% ▲11% ▼(-14%) ▼(-5%) 43.8%(130 bps) 11.6%(390 bps) 9.7%(200 bps) Capital Employed ROCE RONW (of Core Business) (of Core Business) 304 42% 13% 170 bp

  37. Slide 37: Consol. (FY23): EBITDA Margin Movement

    Consol. (FY23): EBITDA Margin Movement 37

  38. Slide 38: Standalone (FY23): Financials (₹ cr.)

    Standalone (FY23): Financials (₹ cr.) ▲ YoY change Margin %( YoY change) Revenue from Gross Margin EBITDA PAT Operations 885 424 176 165 ▲38% ▲47% ▲53% ▲49% 47.9%(290 bps) 20.0%(210 bps) 18.6%(130 bps) Capital Employed ROCE RONW Treasury* (of Core Business) (of Core Business) 573 39 456% 19% 50

  39. Slide 39: Standalone (FY23): EBITDA Margin Movement

    Standalone (FY23): EBITDA Margin Movement 39

  40. Slide 40: Subsidiaries (FY23): Financials (₹ cr.)

    Subsidiaries (FY23): Financials (₹ cr.) ▲/ ▼ YoY change Revenue from Gross Margin EBITDA PAT Operations CT, Australia 225 46 -43 -43 ▼(-38%) ▼(-64%) IMPCO, Mexico 117 41 8 2 ▲15% ▲8% ▼(-35%) ▼(-76%) GSK, China 32 11 -0 -3 ▼(-14%) ▼(-13%) 40

  41. Slide 41: Performance Highlights: (9M & Q3FY24) (1/2)

    Performance Highlights: (9M & Q3FY24) (1/2) Consol. Standalone. India domestic sales impacted due to summer-end trade Financials inventory (of ACs and Air-coolers of peers) 9MFY24 Q3FY24 9MFY24 Q3FY24 Revenue from Gross Margin improved on YoY basis due to: ₹ 824 cr. ₹ 247 cr. ₹ 545 cr. ₹ 177 cr. Ope

  42. Slide 42: Performance Highlights: (9M & Q3FY24) (2/2)

    Performance Highlights: (9M & Q3FY24) (2/2) CT, Australia: Subsidiaries ▪ Demand headwind persists 9MFY24 Q3FY24 (CT + IMPCO + GSK + Brazil) ▪ EBITDA loss narrowed, despite lower sale Revenue from Operations ₹ 321 cr. ₹ 92 cr. IMPCO, Mexico: ▪ Highest ever 9M and Q3 revenue YoY change (%) +12% 15% ▪

  43. Slide 43: Consol. (9MFY24): Financials

    Consol. (9MFY24): Financials PBT PAT Treasury & Other Income ₹ 123 cr. (▼5%) ₹ 100 cr. (▲0.3%) ₹ 42 cr. (▲5%) 14.9% (20 bps) 12.1% (80 bps) % & bps changes EBITDA YoY ₹ 111 cr. (▼3%) Gross Margin 13.5% (40 bps) ₹ 394 cr. (▲0.1%) Income Tax 47.9% (320 bps) Depreciation & Int. ₹ 23 cr. (▼21%) ₹ 28

  44. Slide 44: Consol. (Q3FY24): Financials

    Consol. (Q3FY24): Financials PBT PAT Treasury & Other Income ₹ 50 cr. (▲5%) ₹ 41 cr. (▲6%) % & bps changes YoY ₹ 15 cr. (▲7%) 20.4% (310 bps) 16.6% (270 bps) EBITDA Gross Margin ₹ 44 cr. (▼0.2%) ₹ 117 cr. (▼3%) 17.6% (190 bps) 47.5% (380 bps) Income Tax Depreciation & Int. ₹ 9 cr. (▲0.5%) ₹ 9 cr

  45. Slide 45: Consol. (Q3FY24): EBITDA Margin Movement

    Consol. (Q3FY24): EBITDA Margin Movement 45

  46. Slide 46: Consol. (Q3FY24): Key Financials Metrics

    Consol. (Q3FY24): Key Financials Metrics % changes YoY Capital Employed ROCE RONW (Core Business) (Core Business) ₹ 248 Cr. 18% 15% 6% 1% 5% (Monthly Avg.) PBIT % (on Monthly Avg. Capital Employed) TTM PAT % (On Avg. Net Worth) 46

  47. Slide 47: Standalone (9MFY24): Financials

    Standalone (9MFY24): Financials PBT PAT % & bps changes Treasury & Other Income ₹ 134 cr. (▼16%) ₹ 107 cr. (▼12%) ₹ 40 cr. (▲12%) 24.5% (20 bps) 19.6% (70 bps) YoY EBITDA Gross Margin ₹ 98 cr. (▼24%) ₹ 269 cr. (▼12%) 18.0% (190 bps) 49.3% (180 bps) IncomeTax Depreciation & Int. ₹ 27 cr. (▼29%) ₹

  48. Slide 48: Standalone (Q3FY24): Financials

    Standalone (Q3FY24): Financials PBT PAT Treasury & Other Income ₹ 52 cr. (▼23%) ₹ 43 cr. (▼17%) % & bps changes ₹ 12 cr. (▼10%) 29.3% (100 bps) 24.2% (100 bps) YoY EBITDA Gross Margin ₹ 41 cr. (▼26%) ₹ 82 cr. (▼19%) 23.3% (170 bps) 46.3% (90 bps) Depreciation & Int. Income Tax ₹ 1 cr. (▼6%) ₹ 9

  49. Slide 49: Standalone (Q3FY24): EBITDA Margin Movement

    Standalone (Q3FY24): EBITDA Margin Movement 49

  50. Slide 50: Standalone (Q3FY24): Key Financials Metrics

    Standalone (Q3FY24): Key Financials Metrics % changes YoY Capital Employed ROCE (Core Business) (Core Business) (-₹ 11 Cr.) Infinite (Monthly Avg.) PBIT % (on Monthly Avg. Capital Employed) RONW Treasury* as on 31/12/23 19% ₹ 455 Cr. 1% TTM PAT % (On Avg. Net Worth) *Excl. loans/investments in subs

  51. Slide 51: Outlook

    Outlook “Numero Uno” in the air cooler industry: ▪ Innovative value-added products ahead of competition ▪ Calibrated price hikes & value engineering ▪ Continuous thrust on semi-urban and rural markets ▪ Growth through alternate sales channels Leveraging complementary strengths of international busin

  52. Slide 52: Shareholders' Reward Policy

    Shareholders’ Reward Policy

  53. Slide 53: Consistent Shareholders' Pay-out

    Consistent Shareholders’ Pay-out History FY 22-23* Upgraded Policy Upgraded by the Board of Directors in meeting held on 08th February 2023 10 Years (Up to 31-Mar-23) 68% ₹ 284 Cr. *Incl. buyback, interim dividends and final dividend Earlier: up to 50% → Now: At Least 60% of PAT 5 Years 99% (up to 3

  54. Slide 54: Shareholding Pattern

    Thi Shareholding Pattern

  55. Slide 55: Shareholding Pattern (As on 31/12/23)

    Shareholding Pattern (As on 31/12/23) 12.17% Sr. No. Top Domestic Mutual Funds 1 HDFC Mutual Fund 3.40% 2 Axis Mutual Fund 3 UTI Mutual Fund 11.04% 4 ICICI Mutual Fund 5 Franklin Templeton Mutual Fund Sr. No. Top Foreign Portfolio Investors Public Sector Pension Investment Board – IIFL 1 Asset Manag

  56. Slide 56: Glossary

    Glossary CT, Australia : Climate Technologies, Australia Symphony, Brazil : Symphony Climatizadores Ltda, Brazil MoSPI : Ministry of Statistics & Programme Implementation, Government of India NFHS : National Family Health Survey, Ministry of Health & Family Welfare, Government of India NSSO : Nation

  57. Slide 57: Thank You

    THANK YOU | Master Cool! Arctic Circle | Ki | = BONAIRE | Durango | @TravelAire

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