Slide 1: Earnings Call Presentation (Q1FY24)
Earnings Call Presentation (Q1FY24) 27-Jul-23
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
Slide 3: A world we are seeking to create
+ A WORLD WE ARE MILLION AIR COOLERS SEEKING TO CREATE SOLD WORLDWIDE 3
Slide 4: Table of Content
Table of Content 1 Performance Highlights 2 Financials 3 Outlook 4
Slide 5: Performance Highlights (Q1FY24)
Performance Highlights (Q1FY24)
Slide 6: Performance Highlights (1/2)
Performance Highlights (1/2) YoY degrowth of 14% in India domestic sales (₹ 160 cr. vis-à-vis ₹ 188 cr. ) Second best June quarter domestic summer sales ▪ 9% vis-à-vis any pre-Covid June quarter Improved market share in India Strong performance of International Business: (₹ cr.) Rest of the World
Slide 7: Performance Highlights (2/2)
Performance Highlights (2/2) Consol. Gross Margin : 49.7% (+400 bps YoY) Standalone Gross Margin : 51.5% (+60 bps YoY) ▪ Aided by price hike, value engineering, and softening of input cost (still higher than pre-Covid level) Consol. EBITDA Margin : 9.3% (-110 bps YoY) Standalone EBITDA Margin : 4.2%
Slide 8: Financials (Q1FY24)
Thinking of Tomorrow Financials (QIFY 24) | Meie@g | Arctic Circle | Xj | @ BONAIRE | Duvango | ©travelAire
Slide 9: Consol.: Financials
Consol. : Financials Gross Margin PBT PAT ₹ 150 cr. (▼0.2%) Treasury & Other Income ₹ 30 cr. (▼23%) ₹ 24 cr. (▼18%) % & bps changes YoY 49.7% (400 bps) EBITDA ₹ 16 cr. (▲28%) 9.8% (180 bps) 7.9% (100 bps) ₹ 28 cr. (▼18%) 9.3% (110 bps) Depreciation & Int. ₹ 10 cr. (▲18%) Tax ₹ 6 cr. Forex Loss :
Slide 10: Consol.: EBITDA Margin Movement
Consol. : EBITDA Margin Movement 10
Slide 11: Consol.: Key Financial Metrics
Consol. : Key Financial Metrics % changes YoY Capital Employed ROCE RONW* (Core Business) (Core Business) ₹ 300 Cr. 36% 15% 15 % 15% 3% TTM (Monthly Avg.) TTM PBIT % (on Monthly Avg. Capital Employed) TTM PAT % (On Avg. Net Worth) *Net worth reduced by ~ ₹ 249 cr. on account of buyback payout in
Slide 12: Standalone: Financials
Standalone : Financials PBT PAT Treasury & Other Income ₹ 18 cr. (▼45%) ₹ 14 cr. (▼43%) Gross Margin ₹ 15 cr. (▲77%) 10.5% (540 bps) 8.4% (380 bps) % & bps changes YoY ₹ 89 cr. (▼16%) 51.5% (60 bps) EBITDA ₹ 7 cr. (▼73%) 4.2% (860 bps) Depreciation & Int. ₹ 1 cr. (▼9%) Tax Forex Loss : ₹ 3 cr. ₹
Slide 13: Standalone: EBITDA Margin Movement
Standalone : EBITDA Margin Movement 13
Slide 14: Standalone: Key Financial Metrics
Standalone : Key Financial Metrics % changes YoY Capital Employed ROCE (Core Business) (Core Business) ₹ 48 Cr. 336% 43% 168% TTM (Monthly Avg.) TTM PBIT % (on Monthly Avg. Capital Employed) RONW* Treasury* as on 30/6/23 20% ₹ 342 Cr. 4% TTM PAT % (On Avg. Net Worth) Excl. loans/investments in s
Slide 15: Outlook
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Slide 16: 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 Successful entry into adjacent product categories with un
Slide 17: 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
Slide 18: www.symphonylimited.com
www.symphonylimited.com MEXICO CHINA AUSTRALIA USA Brazil Impco S de R L de C V Guangdong Symphony Climate Technologies Bonaire USA LLC Symphony Keruilai Air Coolers Co. Ltd. Pty. Ltd. Climatizadores Ltda AYAX 611, Parque No. 3 Hongjin Road, 26 Nylex Avenue 3774, West Cheyenne Av Pedra Branca, 184,