Innature Bhd · MYX:INNATURE
Innature Bhd — Q1 2023 Earnings Presentation
18 slides from Innature Bhd's earnings presentation, May 25, 2023
Slide 1: 1Q2023 Results
InNature BUSINESS AS A FORCE FOR GOOD CHa MAKE POSE T Hae 102023 RESULTS 25 MAY 2023 Certified This company is part of the global movement for an inclusive, equitable, and regenerative economic system. Corporation
Slide 2: Disclaimer
2 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 ex
Slide 3: One: 1Q2023 Performance Review
3 ONE 1Q2023 PERFORMANCE REVIEW
Slide 4: Financials at a Glance
4 FINANCIALS AT A GLANCE RM32.4m 69.4% Net Cash Revenue RM137.8m Net gearing ratio GP margin Net assets at 31.3.2023 3.9% reported 6.4% same store 1Q2022: 66.6% as at 31.3.2023 RM3.0m 0.43 sen RM4.1m RM14.1m Profit after tax EPS Net operating cashflow Dividend paid in (after netting off MFRS 16
Slide 5: Revenue
5 REVENUE 1Q2023 YoY change YoY change YoY change Group Revenue RM’000 same store constant forex reported Malaysia 24,663 -5.7% -5.2% -5.2% Vietnam 6,839 -8.1% -2.9% -0.6% Cambodia 923 -12.7% +4.7% +10.1% Group 32,425 -6.4% -4.5% -3.9% • Challenging retail environment with consumer sentiment weighed
Slide 6: Revenue (Cont'd)
6 REVENUE (CONT’D) By Market By Channel Cambodia, 3% Digital & Remote, 17% Vietnam, 21% Malaysia, Retail 76% Stores, 83% Increasing overseas contribution amid softer Retail stores continue to be the primary revenue Malaysia revenue. contributor.
Slide 7: Profitability
7 PROFITABILITY 1Q2023 % of 1Q2022 % of Group Profitability RM’000 Revenue RM’000 Revenue Gross profit 22,499 69.4% 22,480 66.6% Operating profit 3,165 9.8% 5,721 17.0% PBT 4,062 12.5% 6,024 17.9% PAT 3,003 9.3% 4,531 13.4% • GP at the same level as last year despite revenue decline, supported by hi
Slide 8: Profitability (Cont'd)
8 PROFITABILITY (CONT’D) 1Q2023 % of 1Q2022 % of PAT By Market RM’000 Revenue RM’000 Revenue Malaysia 3,008 12.2% 4,442 17.1% Vietnam (25) -0.4% 133 1.9% Cambodia 60 6.5% 81 9.6% Market Total 3,043 9.4% 4,656 13.8% Corporate (40) -0.1% (125) -0.4% Group 3,003 9.3% 4,531 13.4% • Profitability for Mal
Slide 9: Solid Balance Sheet
9 SOLID BALANCE SHEET (RM’000) (sen) NAVPS 21.06 20.42 19.65 19.52 2020 2021 2022 2023-03 • Asset light & net cash financial position. • Lower NAVPS after payment of 2 sen final dividend on 31 March 2023.
Slide 10: Cash Generative Business
10 CASH GENERATIVE BUSINESS (RM’000) Net Operating Cashflow, Dividend & Capex Paid 22,979 20,262 18,306 17,647 17,647 14,118 7,059 6,181 3,444 4,062 1,677 1,028 2020 2021 2022 1Q2023 Net operating cashflow Dividend paid Capex paid • Flexibility in capital management & dividend policy • Annual divide
Slide 11: Two: Outlook
€3 THE Bopy sHoP OUTLOOK
Slide 12: Outlook
12 OUTLOOK • Challenging 2Q2023 expected but long-term trajectory to remain intact. • Focus on delivering value to customers, improving productivity, and strategic expansion of physical points-of-sale. • Remain ready to take on opportunity that presents itself.
Slide 13: Annexes
ail oe . my ~ Alg “4 Pe (Sad, ‘in ~,
Slide 14: Retail Store Count
14 RETAIL STORE COUNT Malaysia Vietnam Cambodia Group Retail stores at 1.1.2023 73 38 3 114 Closure - (1) - (1) Retail stores at 31.3.2023 73 37 3 113 Pop-up stores at 31.3.2023 3 3 - 6 Retail + pop-up stores at 31.3.2023 76 40 3 119
Slide 15: Profit & Loss
15 PROFIT & LOSS % change As a % As a % 1Q2023 RM'000 1Q2023 of revenue 1Q2022 of revenue vs 1Q2022 Revenue 32,425 100.0% 33,741 100.0% -3.9% GP 22,499 69.4% 22,480 66.6% 0.1% Rent (4,674) -14.4% (4,394) -13.0% 6.4% Staff (9,481) -29.2% (8,404) -24.9% 12.8% Depreciation (1,015) -3.1% (1,593) -4.7% -
Slide 16: Balance Sheet
16 BALANCE SHEET RM'000 31.03.2023 31.12.2022 % change RM'000 31.03.2023 31.12.2022 % change Non-current assets Non-current liabilities Goodwill 50,436 50,436 0.0% Lease liabilities 8,903 9,938 -10.4% PPE & IA 9,509 9,975 -4.7% Others 1,874 1,908 -1.8% Right-of-use assets 18,124 19,922 -9.0% 10,777
Slide 17: Cashflow
17 CASHFLOW RM'000 31.03.2023 31.03.2022 % change Cash generated from operations 10,098 12,452 -18.9% Income tax paid (2,328) (1,046) 122.6% Net cash generated from operating activities 7,770 11,406 -31.9% Capex (1,028) (742) 38.5% Movement in fixed income funds and fixed deposits 12,644 9,920 27.5%
Slide 18: Thank You
THANK YOU HE BEAUTY! wo Vv Effective. Ethical. Vegan.