Symphony Limited · NSE:SYMPHONY

Symphony — Q3 FY2024 Earnings Presentation

21 slides from Symphony's earnings presentation, Jan 30, 2024

1. Slide 1: Earnings Call Presentation (9M & Q3FY24)

   Earnings Call Presentation (9M & Q3FY24) 30-Jan-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: Table of Content

   Table of Content 1 Performance Highlights 2 Financials 3 Outlook 4

5. Slide 5: Performance Highlights

   Sympheny Performance Highlights

6. Slide 6: Performance Highlights: Consol. & Standalone

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

7. Slide 7: Performance Highlights: Subsidiaries

   Performance Highlights: Subsidiaries CT, Australia:  Demand headwind persists Subsidiaries (CT + IMPCO + GSK + Brazil) 9MFY24 Q3FY24  EBITDA loss narrowed, despite lower sale Revenue from Operations 321 92 IMPCO, Mexico:  Highest ever 9M and Q3 revenue YoY change (%) +12% 15%  Summer season: A s

8. Slide 8: Consolidated Financials

   Sympheny Thi Consolidated Financials

9. Slide 9: 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 YoY EBITDA ₹ 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

10. Slide 10: Consol. (Q3FY24): Financials

    Consol. (Q3FY24): Financials PBT PAT Treasury & Other Income ₹ 50 cr. (▲5%) ₹ 41 cr. (▲6%) ₹ 15 cr. (▲7%) 20.4% (310 bps) 16.6% (270 bps) % & bps changes YoY 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

11. Slide 11: Consol. (Q3FY24): EBITDA Margin Movement

    Consol. (Q3FY24): EBITDA Margin Movement 11

12. Slide 12: 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) 12

13. Slide 13: Standalone Financials

    Sympheny Thi Standalone Financials

14. Slide 14: Standalone (9MFY24): Financials

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

15. Slide 15: Standalone (Q3FY24): Financials

    Standalone (Q3FY24): Financials PBT PAT Treasury & Other Income ₹ 52 cr. (▼23%) ₹ 43 cr. (▼17%) % & bps changes YoY ₹ 12 cr. (▼10%) 29.3% (100 bps) 24.2% (100 bps) 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

16. Slide 16: Standalone (Q3FY24): EBITDA Margin Movement

    Standalone (Q3FY24): EBITDA Margin Movement 16

17. Slide 17: 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

18. Slide 18: Outlook

    Sympheny Thi Outlook

19. Slide 19: 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

20. Slide 20: Glossary

    Glossary Gross Margin (%) : % of Revenue from operations A&P Expenses : Advertisement and Sales Promotion Expenses : Earnings Before Interest, Tax, Depreciation and Amortization EBITDA (Excludes Other Income, Exceptional Items and Foreign Exchange Loss) EBITDA Margin (%) : % of Revenue from operatio

21. Slide 21: Thank You

    Thinking of Tomorrow THANK YOU |Master Cool] Arctic Circle | +i | BONAIRE | Durango | ©TrovelAire

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