Symphony Limited · NSE:SYMPHONY

Symphony — Investor Presentation (February 2025)

67 slides from Symphony's investor presentation, February 2025

  1. Slide 1: Corporate Presentation (Feb-25)

    CORPORATE PRESENTATION (Feb-25)

  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

    + 27°C A world we are seeking MILLION AIR COOLERS to create SOLD WORLDWIDE 3

  4. Slide 4: Contents

    Contents 1 Symphony – A Pioneer Of Evaporative Air Cooling 2 Innovative Products Portfolio 3 Exciting New Products 4 Large Space Venti Cooling (LSV) 5 Driving Towards ESG Leadership 6 Financials (FY24 and Dec’24) 7 Shareholders’ Reward Policy 8 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 5,000 500 3,500 USA China ₹ 13,000 Cr. Australia USA Brazil Mexico Australia Brazil 900 1,600 1,500 & 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 %) Air Cooler Penetration (HH in %) Indian Air Cooler Market Organized Unorganized Air 7 - 8% Conditioner ₹ 10,000 Cr. Urban 25% Air 19% ₹ 6,000 Cr. Cooler (60%) ₹ 5,000 Cr. Electric ₹ 3,250 Cr. Fan 90%+ (65%) Rural 16% ₹ 4,000 Cr

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

    Household Cooler in India: A long runway (2/2) Heatwaves battering India Rapid Urbanisation 190 174 43% residing in urban 150 % of population Avg. number of heatwave days 40% 100 area 37% 35% 33% 2013 2016 2019 2022 2015 2020 2025[E] 2030[E] 2035[E] Source: EnviStats India 2024, MoSPI Source: The UN

  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 12

  13. Slide 13: Movicool Range

    Powerful 20m* air throw, consumes 215 watt* (Large Room) y. | #5 Sey Enjoy The Cool Air With More Savings Now. 13

  14. Slide 14: India's First Double Decker Air Cooler

    India’s First Double Decker Air Cooler 14

  15. Slide 15: Tower Fan Range (Beyond Seasonal Cooling)

    Tower Fan Range (Beyond Seasonal Cooling) Touchscreen 45° Control Panel Swivel Bladeless Full-Function Technology Remote Dust Low Power Filter Consumption Surround Surround-I 15

  16. Slide 16: India's First Kitchen Cooling Fan Range

    India’s First Kitchen Cooling Fan Range (Beyond Seasonal Cooling) Duet Duet i-S Duet i 16

  17. Slide 17: Personal Cooling Fan Range

    Personal Cooling Fan Range (Beyond Seasonal Cooling) Duet Mini Buddy 17

  18. Slide 18: Introducing (Exciting New Products)

    Introducing (Exciting New Products) Future Inspired by Legacy 18

  19. Slide 19: #NEVERBEFORECOOLERS (17 New Models)

    #NEVERBEFORECOOLERS (17 New Models) ▪ Robust weather-resistant body ▪ Calm and quite cooling ▪ i-Pure+ technology ▪ Mega tank with easy-fill system ▪ Powerful exhaust fan ▪ Superior aesthetic ▪ Uniform cooling technology ▪ Powerful air throw 19

  20. Slide 20: Air Force

    AIR FORCE 20 20

  21. Slide 21: Silenz

    SILENZ@ od N

  22. Slide 22: Wind

    WIND) (piattataaaatlpolpale 4 pes i} a /y lL) Tas Li (J imaaaammalal SMAX

  23. Slide 23: Arctic Circle

    Arctic Circle

  24. Slide 24: Jumbo 200EX

    Sympheny | @ ” ttl, IW INLD”

  25. Slide 25: Sumo 60

    SUMO 60 25

  26. Slide 26: Storage Water Heaters

    Symphony forays into path-breaking… Storage Water Heaters 26

  27. Slide 27: Softens hard water reducing hair damage

    Softens hard water reducing hair damage and providing skincare 27

  28. Slide 28: Control at your fingertips

    Control at your fingertips • Gesture controlled • Timer settings • Voice notifications • Temperature control • Splash proof • Child lock • 30ft. operating range 28 28

  29. Slide 29: India's First Water Heater

    With Available in 10L | 15L | 25L India’s First Water Heater 29 29

  30. Slide 30: Available in 10L | 15L | 25L

    With Available in 10L | 15L | 25L 30

  31. Slide 31: Available in 10L | 15L | 25L

    With Available in 10L | 15L | 25L 31 31

  32. Slide 32: Large Space Venti Cooling (LSV)

    Large Space Venti Cooling (LSV)

  33. Slide 33: A Call for Democratizing The Comfort

    A Call for Democratizing The Comfort Higher temperature negatively affects both productivity and accuracy of work Increasing the level of thermal comfort: Up to 12% improvement in workers’ productivity Recommends an increased ventilation rate, preferably without recirculation of the air Recommends a

  34. Slide 34: LSV: Air-Cooling + Ventilation

    LSV: Air-Cooling + Ventilation MILLION+ TARGET SITES Warehouses Educational Factories Institutes Restaurants Hospitals Religious Places Banquet Halls and many more… 34

  35. Slide 35: LSV Gaining Momentum (~10% of Revenue)

    LSV Gaining Momentum (~ 10% of Revenue) Designing & Manufacturing in India Largest product range (15+ industrial and commercial cooler models) Indigenisation of most components Acceleration of product launches Improved channel and customer awareness www.symphonyventicool.com 35

  36. Slide 36: Global Clientele

    Global Clientele * All brand logos are properties of respective organizations – shown here for representation purpose only & many more… 36

  37. Slide 37: Driving Towards ESG Leadership

    Driving Towards ESG Leadership

  38. Slide 38: Driving Sustainability Through Environment Stewardship

    Driving Sustainability Through Environment Stewardship “Climate Positive” Company (scope 1) 25 Mn+ coolers sold 139 Mn+ tons of equivalent CO2 saved till date 1.95 bn+ equivalent trees planted till date Source: Company Data 38

  39. Slide 39: Making A Social Impact

    Making A Social Impact Healthcare Driven by ethics, dedication and cause Traditional Art Education 04 CSR (Beyond “Cheque Rated high by PEOPLE 01 The Biggest Disaster Writing”) 03 employees Asset Management, Hunger, Poverty Relief, and & Malnutritions Rehabilitation Social Equity 02 Fostering creati

  40. Slide 40: A Governance Culture: Beyond Compliance

    A Governance Culture: Beyond Compliance An ▪ An independent majority: (5 out of 9) ▪ Audit and NRC committees entirely of independent directors Independent ▪ Board approved policy on Board Diversity and ▪ Women Directors: 1/3rd of the board (3 out of 9) Diverse Board ▪ Women Independent Directors: 2

  41. Slide 41: Financials (FY24)

    Nympheny Thit India ka No.1 Cooler Symphony! Financials (FY24)

  42. Slide 42: Standalone Financials: FY24 v/s FY23

    Standalone Financials: FY24 v/s FY23 ▲/ ▼ YoY change (₹ Cr.) Margin %( /  YoY change) Revenue from Gross Margin EBITDA* PAT Operations 796 390 160 153 v/s 885 (▼-10%) v/s 424 (▼-8%) v/s 176 (▼-9%) v/s 165 (▼-7%) 49.0% (110 bps) 20.2% (20 bps) 19.2% (60 bps) Capital Employed ROCE RONW Treasury (

  43. Slide 43: Consolidated Financials: FY24 v/s FY23

    Consolidated Financials: FY24 v/s FY23 (₹ Cr.) ▲/ ▼ YoY change Margin %( /  YoY change) Revenue from Gross Margin EBITDA* PAT Operations 1,156 555 170 148 v/s 1,188 (▼-3%) v/s 521 (▲7%) v/s 138 (▲24%) v/s 116 (▲28%) 48.0% ( 420 bps ) 14.7% ( 310 bps ) 12.8% ( 310 bps) Capital Employed ROCE RONW

  44. Slide 44: Subsidiaries Financials: FY24 v/s FY23 [1/2]

    Subsidiaries Financials (₹ Cr.): FY24 v/s FY23 [1/2] ▲/ ▼ YoY change Margin %( /  YoY change) Revenue from EBITDA PAT Operations IMPCO 178 27 11 (Mexico) v/s 117 (▲51%) v/s 8 (▲223%) v/s 2 (▲454%) 15.1% (810 bps) 6.3% (460 bps) Revenue from EBITDA PAT Operations CT 185 (-23) (-25) (Australia) v/

  45. Slide 45: Subsidiaries Financials: FY24 v/s FY23 [2/2]

    Subsidiaries Financials (₹ Cr.): FY24 v/s FY23 [2/2] ▲/ ▼ YoY change Margin %( /  YoY change) Revenue from EBITDA PAT Operations GSK 44 5 0.4 (China) v/s 32 (▲36%) v/s (-0.1) v/s (-3.5) 10.3% (1,050 bps) 0.9% (1,160 bps) Revenue from EBITDA PAT Operations Symphony 26 3 1 (Brazil) v/s 9 (▲178%) v

  46. Slide 46: Financials (Dec'24)

    Thi Financials (Dec’24)

  47. Slide 47: Performance Highlights: Standalone & Consol. [1/3]

    Performance Highlights: Standalone & Consol. [1/3] Standalone performance: ▪ Revenue:  49% (9M) and  3% (Qtr.) ▪ Record high Q3 end unbilled advances: ✓ Surpassing domestic sales of ₹ 150 cr. of Q3-FY25 ✓ 268% of previous Dec peak (Dec’22) ✓ Primarily for 17 new margin-accretive air cooler models

  48. Slide 48: Performance Highlights: Standalone & Consol. [2/3]

    Performance Highlights: Standalone & Consol. [2/3] Major legal actions for recovery: ▪ Overdue from M/s Pathways Retail Private Limited, Delhi (E-Com Distributor) ▪ Stringent criminal proceeding initiated for forgery, cheating and criminal breach of trust, under the BNS Act 2023 ▪ Rights created ove

  49. Slide 49: Performance Highlights: Standalone & Consol. [3/3]

    Performance Highlights: Standalone & Consol. [3/3] Exceptional Item: ▪ Provision of ₹ 46 cr. for Doubtful Debt from M/s Pathways Retail Private Limited in Dec’24 Qtr., in addition to provision up to Sep’24 Qtr. ▪ Provision required as per Ind-AS ▪ Without compromising recovery and legal proceedings

  50. Slide 50: Performance Highlights: Overseas Subsidiaries

    Performance Highlights: Overseas Subsidiaries IMPCO, Mexico: ▪ Currency fluctuation: Revenue Growth (YoY) MXN INR Apr – Dec’24  14%  8% Dec’24 Qtr.  6%  32% GSK, China : ▪ Remarkable performance improvements: YoY Revenue PAT Apr – Dec’24 ₹ 75 cr. v/s ₹ 33 cr. ₹ 10 cr. v/s ₹ 1 cr. Dec’24 Qtr. ₹ 3

  51. Slide 51: Standalone 9M Financials: Dec'24 v/s Dec'23

    Standalone 9M Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 814 408 Exceptional Item (Prov. for Doubtful Debt) 46.0 5.6% v/s 545 (▲49%) v/s 269 (▲52%) Water Heater launch exp. 3.6 0.4% 50.1%

  52. Slide 52: Standalone TTM Financials: Dec'24 v/s Dec'23

    Standalone TTM Financials: Dec’24 v/s Dec’23 (₹ Cr.) Monthly Avg. ROCE (PBIT before exceptional item / Monthly Avg. Capital Employed Capital Employed of Core Business) (of Core Business) (-21) Infinite v/s 60 v/s 241% RONW Treasury (PAT / Avg. Net Worth) (Excl. loans / Investment in subsidiaries) (A

  53. Slide 53: Standalone Quarterly Financials: Dec'24 v/s Dec'23

    Standalone Quarterly Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 182 83 Exceptional Item (Prov. for Doubtful Debt) 46.0 25.3% v/s 177 (▲3%) v/s 82 (▲2%) Water Heater launch exp. 3.6 2.0% 4

  54. Slide 54: Standalone EBITDA Margin Movement: Dec'24 Qtr.

    Standalone EBITDA Margin Movement: Dec’24 Qtr. 1.6% 23.3% -0.6% -2.0% 18.8% -3.5% EBITDA Gross Employee A&P Freight, EBITDA (Dec'23) Margin Benefits (Water Heater Rent, Travel, (Dec'24) launch exp.) & Other exp. 54

  55. Slide 55: Consol. 9M Financials: Dec'24 v/s Dec'23

    Consol. 9M Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 1,088 549 Exceptional Item (Prov. for Doubtful Debt) 46.0 4.2% v/s 824 (▲32%) v/s 394 (▲39%) Water Heater launch exp. 3.6 0.3% 50.5%

  56. Slide 56: Consol. TTM Financials: Dec'24 v/s Dec'23

    Consol. TTM Financials: Dec’24 v/s Dec’23 (₹ Cr.) Monthly Avg. ROCE RONW (PBIT before exceptional item / Monthly Avg. Capital Employed Capital Employed of Core Business) (PAT / Avg. Net Worth) (of Core Business) 273 90% 26% v/s 305 v/s 38% v/s 15% 56

  57. Slide 57: Consol. Quarterly Financials: Dec'24 v/s Dec'23

    Consol. Quarterly Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 242 121 Exceptional Item (Prov. for Doubtful Debt) 46.0 19.0% v/s 247 (▼2%) v/s 117 (▲3%) Water Heater launch exp. 3.6 1.5% 50

  58. Slide 58: Consol. EBITDA Margin Movement: Dec'24 Qtr.

    Consol. EBITDA Margin Movement: Dec’24 Qtr. 0.7% 2.7% 16.9% -1.8% 14.7% -3.8% EBITDA Gross Employee A&P Freight, EBITDA (Dec'23) Margin Benefits (Mainly Water Heater Rent, Travel, (Dec'24) launch exp.) & Other exp. 58

  59. Slide 59: Subsidiaries Financials: Dec'24 v/s Dec'23

    Subsidiaries Financials (₹ Cr.): Dec’24 v/s Dec’23 9M FY25 Dec’24 Qtr. Particulars IMPCO, GSK, Symphony, CT, Total IMPCO, GSK, Symphony, CT, Total Mexico China Brazil Australia (Refer Note 1) Mexico China Brazil Australia (Refer Note 1) Revenue 135 75 35 123 327 13 34 15 49 88 Dec’23 126 33 22 142 2

  60. Slide 60: Outlook

    Thinking of Tomorrow Make your choices wiser + & living healthier. Buying a Symphony Air Cooler is equivalent to planting 14 trees’ p Outlook

  61. Slide 61: Outlook

    Outlook Ahead of summer-25: Strategic focus on and decent demand from LFS, ✓ Robust positive demand and sentiment (trade RCS, E-Com, D2C etc. and consumer) ✓ Bolstering revenue in Mar’25 Qtr. Leveraging the complementary capabilities of global operations: Overwhelming response to 17 new margin- ✓ Ou

  62. Slide 62: Shareholders' Reward Policy

    Shareholders’ Reward Policy

  63. Slide 63: Consistent Payout to Shareholders

    Consistent Payout to Shareholders Shareholders’ Reward Policy Shareholders’ Payout (% of Consol. PAT) Payout (% of Consol PAT) Buyback Incl. 9M FY25 Tax + Exp. 89.2 (₹ Cr.) ₹ 123.6 Cr. At least (92%) Interim Dividends 34.4 60% (₹ Cr.) Dividend, Special Dividend, and Shareholders’ Payout History (% o

  64. Slide 64: Shareholding Pattern

    Thinking of Shareholding Pattern

  65. Slide 65: Shareholding Pattern (As on 31/12/24)

    Shareholding Pattern (As on 31/12/24) 11.33% No. Top Domestic Investors 6.79% 1 HDFC Mutual Fund 2 UTI Mutual Fund 3 Tata AIG General Insurance Company Limited 8.45% 4 Axis Mutual Fund 5 DSP Mutual Fund No. Top Foreign Portfolio Investors 1 Societe Generale 2 Vanguard Total International Stock Index

  66. Slide 66: 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 incl. MTM) EBITDA Margin (%) : % of Revenue fro

  67. Slide 67: Thinking of Tomorrow

    a Thinking of Tomorrow & Embrace Carbon-neutral Cooling that Save Today, Shape Your Tomorrow. | Master Cool! Arctic Circle | -4i | = BONAIRE | Durango | @TravelAire

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