Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q1 FY25 Earnings Presentation
31 slides from Sheela Foam's earnings presentation, Aug 4, 2024
Slide 1: Exchange filing cover letter: Investor Presentation
August 04, 2024 To The BSE Limited The National Stock Exchange India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai-400001 Bandra(E), Mumbai-400051 Scrip Code: 540203 NSE Symbol: SFL Subject: Investor Presentation Dear Sir/Madam, Furtherance to our intima
Slide 2: Investor Presentation Q1 FY25
Investor Presentation Q1 FY25
Slide 3: India Business Summary Q1 FY25
India Business Summary Q1 FY25
Slide 4: India Business | KEL + SFL Integration Status
India Business | KEL + SFL Integration Status > Post KEL acquisition in October 2023, we had two options: > One to let them run independently and integrate gradually — pains would have been lesser, but benefits of integration would have been stretched over a period > Two to integrate the two busines
Slide 5: India Business | Key Highlights: Synergies
India Business | Key Highlights: Synergies > Synergies Started to flow in -Since acquisition, the gross margin of the Combined Business improved by >2%. > This in spite of increase in low margin online segment sales > Small Town India (STI) mattress Initiative has shown increased volume -Current run
Slide 6: India Business | Key Highlights: Financials Highlights
India Business | Key Highlights: Financials Highlights > India Business Gross margin touching 44% in Q1 FY25. > Volume Growth: In Q1 FY25, the India business experienced significant growth YoY: > Sleepwell Brand Volume Growth 35% > Kurlon Brand Volume Growth 5% > Overall, Mattress Volume Growth 6% >
Slide 7: 1.0 RTM (Route to Market)
1.0 RTM (Route to Market)
Slide 8: 1.1 RTM | Mattresses
1.1 RTM | Mattresses OPTIMISING THE STORE AND MARKET TYPE FIT
Slide 9: Performance tracking: India Business
Performance tracking: India Business Q1 FY24 Q4 FY24 Q1 FY25 VALUE 197 Cr. 321 Cr. 309 Cr. Q1 FY24 Q4 FY24 Q1 FY25 VOLUME 426 K 675 K 737 K
Slide 10: 1.2 RTM | FC & Comfort Foam
1.2 RTM | FC & Comfort Foam USE COMPLEMENTARITIES TO SAVE COSTS AND IMPROVE MARGINS REGION WISE
Slide 11: Performance tracking: India Business
Performance tracking: India Business Q1 FY24 Q4 FY24 Q1 FY25 VALUE 59 Cr. 55 Cr. 49 Cr. Q1 FY24 Q4 FY24 Q1 FY25 VOLUME 1381 Tns 1543 Tns 1320 Tns
Slide 12: Performance tracking
Performance tracking Q1 FY24 Q4 FY24 Q1 FY25 VALUE 64 Cr. 135 Cr. 105 Cr. Q1 FY24 Q4 FY24 Q1 FY25 BY VOLUME 2862 Tns 8332 Tns 5111 Tns
Slide 13: 1.3 RTM | Technical Foam
1.3 RTM | Technical Foam RE-INFORCE STRENGTHS AND EXPLORE NEW AREAS TO MAINTAIN GROWTH AND IMPROVE MARGINS
Slide 14: Performance tracking
Performance tracking Q1 FY24 Q4 FY24 Q1 FY25 VALUE 117 Cr. 124 Cr. 116 Cr. Q1 FY24 Q4 FY24 Q1 FY25 VOLUME 3726 Tns 4305 Tns 4182 Tns
Slide 15: 1.4 Others
1.4 Others
Slide 16: Performance tracking
Performance tracking Q1 FY24 Q4 FY24 Q1 FY25 VALUE 19 Cr. 41 Cr. 27 Cr. Q1 FY24 Q4 FY24 Q1 FY25 VOLUME Mixed (N.A) Mixed (N.A) Mixed (N.A)
Slide 17: India Business Summary Q1 FY25
India Business Summary Q1 FY25
Slide 18: India Business Results Q1 FY25 – SFL + KEL
India Business Results Q1 FY25 – SFL + KEL Q1 FY24* Q4 FY24 Q1 FY25 TOTAL REVENUE 456 Cr. 676 Cr. 605 Cr. Gross Margin** 39.0% 43.7% 43.8% OTHER EXPENSES 25.6% 34.1% 36.0% -Marketing Expense EBITDA 13.3% 9.7% 7.7% *Q1 FY24 included SFL only **Gross Margin derived from Revenue minus Raw Materials onl
Slide 19: India Business Results Q1 FY25 – SFL
India Business Results Q1 FY25 – SFL Q1 FY24 Q4 FY24 Q1 FY25 TOTAL REVENUE 456 Cr. 487 Cr. 504 Cr. Gross Margin* 39.0% 40.4% 37.8% OTHER EXPENSES 25.6% 30.2% 28.4% -Marketing Expense EBITDA 13.3% 10.3% 9.5% *Gross Margin derived from Revenue minus Raw Materials only. Sales include intercompany sales
Slide 20: Staqo Business (IT) Summary Q1 FY25
Staqo Business (IT) Summary Q1 FY25
Slide 21: Staqo Results: Q1 FY25
Staqo Results : Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 TOTAL REVENUE 6 Cr. 8 Cr. 12 Cr. Gross Margin 100% 100% 100% OTHER EXPENSES 75.0% 94.6% 62.9% EBITDA 25.0% 5.4% 37.1%
Slide 22: Australia Business Summary Q1 FY25
Australia Business Summary Q1 FY25
Slide 23: Achieve fast and sustainable growth with profitability
Achieve fast and sustainable growth with profitability Improve top and bottom line sustainably and quickly
Slide 24: Australia Business Results Q1 FY25
Australia Business Results Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 TOTAL REVENUE 100 Cr. 89 Cr. 96 Cr. Gross Margin 46.8% 53.2% 49.1% OTHER EXPENSES 40.8% 48% 46.5% EBITDA 6.0% 5.2% 2.6%
Slide 25: Spain Business Summary Q1 FY25
Spain Business Summary Q1 FY25
Slide 26: Expand capacities and market share in a weak market
Expand capacities and market share in a weak market Grow in, and enter new segments for greater than EU growth Improve operational efficiency
Slide 27: Spain Business Results Q1 FY25
Spain Business Results Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 TOTAL REVENUE 88 Cr. 80 Cr. 90 Cr. Gross Margin 27.2% 28.2% 27.2% OTHER EXPENSES 17.4% 19.6% 19.9% EBITDA 9.8% 8.6% 7.4%
Slide 28: Consolidated Business Results Q1 FY25
Consolidated Business Results Q1 FY25
Slide 29: Consolidated Business Results Q1 FY25
Consolidated Business Results Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 TOTAL REVENUE 645 Cr. 845 Cr. 810 Cr. Gross Margin* 38.7% 43.6% 42.2% OTHER EXPENSES 26.6% 34.1% 34.9% EBITDA 12.0% 9.5% 7.4% *Gross Margin derived from Revenue minus Raw Materials only.
Slide 30: Thank you
Thank you
Slide 31: Reconciliation for Volumes Data Q1 FY24
Reconciliation for Volumes Data Q1 24 Qtr Volumes Particulars Old Q1 FY 24 Adjustment New Q1 24 Remarks Mattress 379 47 426 Adding ICTPL Mattress Volume Furniture Foam (Tonnes) 1352 29 1381 Adding ICTPL FC Volume Foam Core (Tonnes) 4685 -1823 2862 Indutrial other Scrap sold shifted Customer wise in