Whirlpool Of India Limited · NSE:WHIRLPOOL
Whirlpool Of India — Investor Presentation (February 2022)
26 slides from Whirlpool Of India's investor presentation, Feb 11, 2022
Slide 1: Cover letter to stock exchanges: Presentation - Analyst Call
11th February 2022 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, Maharashtra - 400001 Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra – 400051 Scr
Slide 2: Analyst Call 2022
ANALYST CALL 2022 FEBRUARY 11, 2022 1
Slide 3: 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 4: Agenda
Agenda Performance Update Looking Ahead Q&A 3
Slide 5: Performance Update
PERFORMANCE UPDATE 4
Slide 6: Strong Topline Performance … CAGR +11%
Strong Topline Performance … CAGR + 11% Sustained Double Digit Revenue Growth 5
Slide 7: Healthy Bottom line Delivery … CAGR +14%
Healthy Bottom line Delivery … CAGR +14% 6
Slide 8: Cash Flow from Operating Activities
Cash Flow from Operating Activities 7
Slide 9: Long Term Value Creation Ahead of Markets
Long Term Value Creation Ahead of Markets CAGR 14.8% 14.4% 37.2% #Close Share price at last trading day of Mar * 9M 21-22 Close share price of last trading day of Dec 21 Consistent Value Creation 8
Slide 10: Last Two Years … External Perspective
Last Two Years … External Perspective FY 2021-2021 FY 2021-2022 - Covid Wave 2 - Covid Lock Down (Wave 1) - No Pent up demand - Unprecedented Inflation + Pent Up Demand - Supply Chain Challenges - Intense Competitive activity Significant Headwinds for The Business 9
Slide 11: External Headwinds over the last couple of years
External Headwinds over the last couple of years COMMENTARY 3 1 Covid Wave 1 3 6 2 Markets opening gradually.. Jul -12%, Aug +13%, Sep +10% 1 4 2 5 3 Pent-up demand 4 Covid Wave 2 5 Marketing reopening… slower than LY, inflation impact.. -6% vs ‘19 6 Very low pent up demand… rising inflation… 14% volu
Slide 12: Our revenues have followed the same trend
Our revenues have followed the same trend COMMENTARY 1 Apr-Jun 20 impacted by Covid 1 2 Apr-Jun 21 impacted by Covid 2 3 Jul-Sep 20 Markets opening gradually 4 Jul-Sep 21 Market slower than LY, inflation impact 5 Oct-Dec 20 Pent up demand 6 Oct-Dec 21 Very low pent up demand, rising inflation Slower c
Slide 13: Lower Demand and Inflation impacting margins
Lower Demand and Inflation impacting margins Gross Margin = Revenue from Operations less Cost of raw materials and components, Purchase of traded stocks and Changes in inventories Expense = Employee benefits, Depreciation, Other expense and Finance Cost Business did well in managing cost 12
Slide 14: Consolidated Results - YTD Q3
Consolidated Results - Ytd Q3 vs LY ❏ Income from operation at Rs 4490 Cr + 9% ❏ EBITDA at Rs 268 Cr - 19% ❏ PBT @ Rs 537 Cr +81% ❏ PAT @ Rs 483 Cr +118% Income PBT PAT +9.0% +81% +118% Strong Performance in a Difficult Environment Driven by Elica Acquisition # PBT & PAT include INR 325 Cr one-time fa
Slide 15: Consolidated Results Q3 '20-21
Consolidated Results Q3 ‘ 20-21 Consolidated ❏ Income from operation at Rs 1542 Cr + 3.2% ❏ EBITDA at Rs 83.2 Cr - 18.0% ❏ PBT @ Rs 61.1 Cr - 35.0% ❏ PAT @ Rs 44.1 Cr - 38.2% Income PBT PAT +3.2% -35.0% -38.2% Impacted by lower demand and unprecedented inflation 14
Slide 16: Looking Ahead
LOOKING AHEAD 15
Slide 17: India is Poised For Strong Long Term Appliance Growth
India is Poised For Strong Long Term Appliance Growth Low Penetration # Rising Per Capita GDP $ Infrastructure Boom 33% 14% 9% 5% 2% Water Refrig. Washer A/C MWO Purifier Forces are Driving Strong Consumer Demand for T2 Appliances (Mn units) # Source: statista.com - 2028 16
Slide 18: Our Roadmap For Growth
Our Roadmap For Growth STRATEGIC IMPERATIVES STRATEGIC WORKSTREAMS Deliver ● Fair share in growing premium segment and cooking. Product Leadership Win the Digital ● Reimagine consumer touch points in a more Digital Consumer Journey contactless world Reinvent our ● Revamp Consumer Centric Service Net
Slide 19: Our Journey Over The Last 2 years
Our Journey Over The Last 2 years SBS BM Glass Door Platina DC New Aesthetics Ref Semi Automatic North Manufacturing for Front Load Top Load Cost Leverage WSR 18
Slide 20: Cooking: A Huge Growth Opportunity
Cooking : A Huge Growth Opportunity Strengthen “Whirlpool” Portfolio Volume Share by Category with Indian Cooking Needs Built-In Hobs, Innovative & Differentiated Indian Cooking Needs 13% Appliances (BIMW, WOMB, Others), 7% Global Appliances - Leverage Hoods, 80% Source: Euromonitor Penetration Rate
Slide 21: Build Brand Whirlpoolindia.com
Build Brand Whirlpoolindia.com 20
Slide 22: Create Superior Content...Video 1st Strategy
Create Superior Content...Video 1st Strategy Service Videos Detailed Premium A+ 3D Product 360 view / AR/ Microwave Influencer (DIY, Product Sales Content AV’s VR experience Recipe Videos Partnership Troubleshootin Videos g Videos) Drive Tech , aesthetics Create Desire, highlight Translating the Driv
Slide 23: Our Strengths in Execution
Our Strengths in Execution DMDC (Different model Relationship Management Planogram / Fill Rate different channel) 22
Slide 24: Creating A Customer Centric Service Organisation
Creating A Customer Centric Service Organisation Call Centre Hybrid Network REST OF INDIA (25 % calls) BROAD BASE TOP 20 CITY DESK SUPPORT TEAM (60% calls) ● Right ownership model PREMIUM DESK ● Optimal cost of operations (15% calls) ESCALATION DESK IN-HOUSE IN-HOUSE ● Differentiated service experien
Slide 25: Executive Summary
Executive Summary ▪ Consistent track record of value creation ▪ Last 2 years impacted by Covid ▪ Clear Strategic roadmap in place to deliver profitable growth 24
Slide 26: Questions
QUESTIONS 25
Whirlpool of India — Investor Presentation (February 2022) on 6ix