Innature Bhd · MYX:INNATURE
Innature Bhd — Q4 2021 Earnings Presentation
17 slides from Innature Bhd's earnings presentation, Feb 16, 2022
Slide 1: 4Q2021 Financial Results
4Q2021 FINANCIAL RESULTS 16 FEBRUARY 2022
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward looking statements with respect to InNature Berhad’s (“InNature”) financial condition, results of operations and business, and management’s strategy, plans and objectives for InNature. These statements include, without limitation, those that expr
Slide 3: Business Update
pe Ae BUSIN S UPDATE J
Slide 4: 4Q2021 Highlights
4Q2021 HIGHLIGHTS • Malaysia recorded +2.4% growth in 4Q2021. Vietnam and Cambodia remain subdued on evolving Covid-19 situation. • Group performance impacted by muted contribution from Ends FY2021 with overseas businesses. higher y-o-y 4Q2021 • Remote selling revenue represents 14.2% of total reven
Slide 5: Malaysia Business Update
MALAYSIA BUSINESS UPDATE 4Q2021 • All stores generally in operation. • Higher revenue y-o-y by +2.4%. • Revenue contribution from remote selling channels remains higher y-o-y at 13.6% (4Q2020: 9.2%). Malaysia Store Count at 31 Dec 2021 vs 30 Sept 2021 vs 31 Dec 2020 77 -2 -8
Slide 6: Vietnam Business Update
VIETNAM BUSINESS UPDATE 4Q2021 • Most stores reopened since 1 Oct 2021. • Revenue improved 2.4x q-o-q, though y-o-y revenue still below 2020 level. • Revenue contribution from remote selling channels remains higher y-o-y at 17.5% (4Q2020: 8.4%). • Opened 39th outlet at Ha Long in Dec 2021. Vietnam S
Slide 7: Cambodia Business Update
CAMBODIA BUSINESS UPDATE 4Q2021 • All stores in operation. • Revenue improved 1.3x q-o-q, though y-o-y revenue still below 2020 level. • Revenue contribution from remote selling channels remains higher y-o-y at 11.8% (4Q2020: 0.7%). Cambodia Store Count at 31 Dec 2021 vs 30 Sept 2021 vs 31 Dec 2020
Slide 8: Financial Update
FINANCIAL UPDATE
Slide 9: Financials at a Glance
FINANCIALS AT A GLANCE Financial Performance Financial Position 4Q2021 FY2021 31.12.2021 Shareholders’ Equity Revenue Revenue RM144.1m RM43.7m | -2.6% RM131.9m | -15.1% Cash Net Gearing Gross Profit Gross Profit RM53.3m Net Cash RM27.6m | -5.1% RM85.0m | -18.5% GP margin of 63.2% (LY: 64.8%) GP marg
Slide 10: 4Q2021 Revenue
4Q2021 REVENUE Revenue by Country (RM’000) Revenue by Channel (%) Group 43,680 4Q2021 Ecommerce 4Q2020 44,848 -2.6% Other 5.29% remote Other remote channels Ecommerce channels 34,862 8.95% 5.95% Malaysia 34,040 +2.4% 2.83% 7,816 14.2% 8.8% Remote selling Vietnam 9,594 -18.5% Remote selling contribut
Slide 11: 4Q2021 Profitability
4Q2021 PROFITABILITY % change Core PAT by Country (RM’000) As a % As a % 4Q2021 9,000 8,000 RM'mil 4Q2021 of revenue 4Q2020 of revenue vs 4Q2020 7,000 6,000 Revenue 43.68 100.0% 44.85 100.0% -2.6% 5,000 4,000 3,000 GP 27.61 63.2% 29.08 64.8% -5.1% 2,000 Rent (4.37) 10.0% (4.97) 11.1% -12.2% 1,000 St
Slide 12: FY2021 Revenue
FY2021 REVENUE Revenue by Country (RM’000) Revenue by Channel (%) Group 131,903 -15.1% FY2021 FY2020 155,357 Ecommerce 12.38% Other remote Ecommerce 102,815 8.07% Malaysia 120,655 -14.8% Other remote channels 1.27% 25,652 channels 16.25% 28.6% 9.3% Remote selling Vietnam 31,187 -17.7% Remote selling
Slide 13: FY2021 Profitability
FY2021 PROFITABILITY % change Core PAT by Country (RM’000) 25,000 As a % As a % FY2021 RM'mil FY2021 of revenue FY2020 of revenue vs FY2020 20,000 15,000 Revenue 131.90 100.0% 155.36 100.0% -15.1% 10,000 GP 85.01 64.4% 104.28 67.1% -18.5% 5,000 Rent (16.00) 12.1% (19.39) 12.5% -17.5% - Staff (30.44)
Slide 14: Resilience Amid Ongoing Pandemic
RESILIENCE AMID ONGOING PANDEMIC Profitable for every quarter since the onset of Covid-19 50,000 80.0% 45,000 68.7% 70.0% 68.5% 67.2% 67.2% 40,000 64.8% 64.9% 63.2% 61.7% 60.0% 35,000 MCO 1.0 MCO 2.0 MCO 3.0 FMCO 50.0% 30,000 RM’000 25,000 40.0% 20,000 30.0% 15,000 20.0% 17.2% 17.8% 10,000 15.7% 13.
Slide 15: Cash Generative Business
CASH GENERATIVE BUSINESS …enabling flexibility in capital management and dividend policy Notes: (1) Capex paid denotes the total of acquisition of plant and equipment and acquisition of intangible assets, both under net cash used in investing activities; (2) Free cash flow is computed as net cash fr
Slide 16: Prospects
PROSPECTS • Improving y-o-y performance in FY2022 as long as businesses are allowed to operate unfettered. • Continue to invest in enhancing systems and processes supporting both physical and remote selling channels. • Ensure brands are represented at all key locations.
Slide 17: Thank You
THANK YOU