Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q1 FY25 Earnings Presentation
29 slides from Eureka Forbes's earnings presentation, Aug 8, 2024
Slide 1: Q1 FY25 Earnings Presentation
Q1 FY25 Earnings Presentation August 08, 2024 llliiili!illlllllllllll- ' Friends For Life
Slide 2: Disclaimer
Disclaimer The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ with
Slide 3: Q1 FY25 Highlights
Q1 FY25 Highlights Overview Eureka Forbes Industry 3
Slide 4: Q1 FY25 Highlights (Standalone Results)
Q1 FY25 Highlights (Standalone Results) Q1 FY25 Q1 FY24 YoY Revenue Rs. 552.8Cr Rs. 505.3Cr +9.4% Continuing Business^ - - +10.8% 012262 Adj. EBITDA* Rs. 63.4Cr Rs. 49.6Cr +27.9% Adj. EBITDA Margin* 11.5% 9.8% +166bps Adj. PBT** Rs. 50.2Cr Rs. 34.8Cr +44.3% PAT Rs. 31.0Cr Rs. 22.1Cr +40.7% ^ Exclude
Slide 5: Q1 FY25 Standalone P&L Statement
Q1 FY25 Standalone P&L Statement I I I t t Particulars (Rs. Cr) Q1 FY25 Q1 FY24 YoY (%) Q4 FY24 QoQ (%) I I I I I I I I t t I I I I I I I I t t Revenue 552.8 505.3 9.4% 553.1 0.0% Employee Benefit Expenses 76.0 71.6 6.1% 75.1 1.2% Service Charges 69.1 69.9 -1.1% 79.6 -13.1% Other Expenses 125.8 114.
Slide 6: Revenue: Third successive quarter of double-digit growth
Revenue : Third successive quarter of double-digit growth^ Revenue Growth 16.8% 11.4% 10.8% 14.1% 4.8% 9.4% 8.8% -0.1% 012262 3.0% -3.8% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Reported Continuing Business^ Continuing business grows 10.8% YoY; Volume growth continues Sustained growth in both Wat
Slide 7: Product: Innovations across the premium portfolio
Product : Innovations across the premium portfolio Aquaguard SLIMTcCH Aquaguard 012262 ENHANCE NXT 2X LIFE SlimTech Glass Aura 2X & Enhance NXT 2X Designo NXT With water quality indicator 2 years filter life Under-the-Sink ,...J_EUREKA 7 uFORBES
Slide 8: Product: New advertising campaign for Stainless Steel category
Product : New advertising campaign for Stainless Steel category 012262 Click on the image to view the video ,...J_EUREKA 8 uFORBES
Slide 9: EWP: Enhanced Retail visibility
EWP : Enhanced Retail visibility 012262 ,...J_EUREKA 9 uFORBES
Slide 10: VC: Category building initiatives for Convenient Cleaning
VC : Category building initiatives for Convenient Cleaning 012262 ,...J_EUREKA 10 uFORBES
Slide 11: Adjusted EBITDA Margin: Record-high of 11.5%
Adjusted EBITDA Margin* : Record-high of 11.5% Adjusted EBITDA Margin* % 11.5% 11.2% 10.5% 012262 9.8% 9.8% Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Adjusted EBITDA Margin expanded 166bps YoY driven by operating leverage and structured cost optimization program * Pre-ESOP charges ,...J_EUREKA 11 uF
Slide 12: Net Debt: Stable cash position
Net Debt : Stable cash position Net Surplus / (Debt) (Rs Cr) 108 60 60 012262 9 -32 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Credit rating : CARE A+ Stable ,...J_EUREKA 12 uFORBES
Slide 13: Management Views
Management Views Mr. Pratik Pota “Despite a muted demand environment, we are pleased to report the third MD & CEO successive quarter of double-digit growth in our continuing business which grew by 10.8% in Q1. Growth was broad-based across both Water Purifier and Vacuum Cleaner categories and the se
Slide 14: Overview
Q1 FY25 Highlights Overview Eureka Forbes Industry 14
Slide 15: Eureka Forbes: Overview
Eureka Forbes: Overview Electrolux & Shapoorji Pallonji Advent Tata Group Group International Professionally managed 2002 2022 012262 1982 company governed by an Independent Board Joint Venture Subsidiary of a Publicly listed Public Company Company Shareholding 62.56 % Advent International I nI I EQ
Slide 16: Pioneers & Leaders
Pioneers & Leaders Vacuum Cleaners Water Purifiers Direct Selling I _ ..... I 'T~ ... - . -._ 1 16
Slide 17: Diversified Portfolio
Diversified Portfolio Market leaders in Water Purifiers and Vacuum Cleaners Wide range of products with state- of-the-art technology Product portfolio catering to both B2C and B2B customers .... Diversified revenue streams across .... •' product and service ).. : :: ln - - - - - - ----- ------1~1 -
Slide 18: One of the strongest consumer brands in India
I : One of the strongest consumer brands in India • Universal Brand Awareness and Consideration 40 Years of Unconditional Trust and Acceptance Click on the image to view the video 18
Slide 19: Omni Channel Presence
Omni Channel Presence • Direct Sales • General Trade • Modern Retail • Ecommerce • D2C • B2B • Canteen Stores (CSD) 19
Slide 20: Extensive Service network and strong customer connect
Extensive Service network and strong customer connect 19,500 ~14 20
Slide 21: Industry
Q1 FY25 Highlights Overview Eureka Forbes Industry 21
Slide 22: Macro factors supportive of growth
Macro factors supportive of growth 012262 Growing incomes Urbanization Working Women Middle class fastest By 2036, 40% of Indians Female Labour Force growing segment of the will live in towns and Participation Rate population; cities, up from 31% in increased to from 33% in 1 2 3 1 Billion by 2047 2
Slide 23: Macro factors supportive of growth (cont.)
Macro factors supportive of growth (cont.) 012262 Piped Water Electrification Unpredictable Increasing Importance Given To Health & Domestic Help Hygiene Went up from 16.8% in 96.7% Households 2 2019 to 77.2% Households in 2024 1 Need For Convenient Increased Frequency Of Back Up Cleaning Homes Post
Slide 24: Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P
Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P Water Purifier Penetration (CY2022) Water Purifier Industry – Products (Rs Cr) South Korea 13% CAGR 10,200 60% Penetration % China 012262 21% 4,350 India Thailand 6% 20% Per Capita (‘000$) FY2023 FY2030P Key tailwinds Growing awareness a
Slide 25: Water Purifier Services to become a Rs 9,000 Cr market by FY30P
Water Purifier Services to become a Rs 9,000 Cr market by FY30P Water Purifier Industry – Service (Rs Cr) 14% CAGR 9,000 012262 3,660 FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (reproduced with permission) ,...J_EUREKA 25 uFORBES
Slide 26: Vacuum Cleaner Market to triple by FY30P
Vacuum Cleaner Market to triple by FY30P Vacuum Cleaner Penetration Vacuum Cleaner Industry (Rs Cr) 17% CAGR Japan 1,548 90% Hong Kong 80% 012262 Penetration % 509 China 20% India 2% Per Capita (‘000$) FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (
Slide 27: Rising demand for Air Purifiers amid deteriorating air quality
Rising demand for Air Purifiers amid deteriorating air quality Global Air Quality Index (AQI*) (CY2022) Air Purifier Industry (Rs Cr) ^ 83 out of 100 most polluted cities globally are in India, exceeding WHO’s air quality guidelines by more than 10 times 108 18% CAGR 749 012262 71 49 34 36 30 31 31
Slide 28: Contact Us
Contact Us Corporate Identification No: L27310MH2008PLC188478 Regd. & Corporate Office: B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Website: https://www.eurekaforbes.com/ Investor e-mail id: Investor.Relations@eurekaforbes.com EFL BSE Scrip Code : 54348
Slide 29: Thank You
THANK YOU EUREKA cf FORBES