Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — 4QFY16 Earnings Presentation
22 slides from Sunshine's earnings presentation, May 30, 2016
Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 4QFY16
Earnings Presentation 4QFY16 30th May 2016
Slide 3: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that are based on management’s current expectations and assumptions. Forward-looking statements include predictions of future results or activities and may contain the words “expects,” “believes,” “should,” “will,” “ant
Slide 4: Group Performance
Group Performance
Slide 5: Group at a Glance - FY16
Group at a Glance -FY16 • LKR 17.4bn in Revenue; +7% YoY • LKR 1.2bn of PAT; +10% YoY* • PATMI of LKR 587m; up +8% YoY* Revenue- FY16 • Healthcare revenue: LKR 7.2bn; Other, +18% YoY FMCG, 3.0% Healthcare, 19.7% 41.1% • Agri revenue: LKR 6.3bn; -8% YoY. • 9.0m kg of palm oil, +2% growth YoY. LKR 14.
Slide 6: Group Financial Highlights
Group Financial Highlights Growth 4Q 4Q Growth LKRm FY16 FY15 % FY16 FY15 % Revenue 17,422 16,327 6.7 4,615 4,105 12.4 EBIT 1,661 1,413 17.5 273 142 92.2 EBIT Margin 9.5% 8.7% 5.9% 3.5% Profit for the period 1,218 1,047 16.3 169 207 (18.4) PAT Margin 7.0% 6.4% 3.7% 5.0% Normalized PAT* 1,218 1,108 9
Slide 7: Group at a Glance – 4QFY16
Group at a Glance – 4QFY16 • LKR 4.6bn in Revenue; +12% YoY • LKR 169m PAT; -18% YoY • PATMI of LKR 78m; +3% YoY Revenue-4Q FY15 • Healthcare revenue; LKR 1.9bn; +20% YoY Other, FMCG, 19.9% 2.6% Healthcare, 41.0% • Agri revenue; LKR 1.7bn; +7% YoY. • 1.9m kg of palm oil, 0% YoY. • 2.2m kg of tea pro
Slide 8: Revenue Growth Trend
Revenue Growth Trend • Revenue growth of 7% YoY in FY16 to LKR17.4bn • Healthcare (+LKR 1,086m;+18%YoY), FMCG (+LKR 525m; +18%YoY), Agri (-LKR 550m; -8%YoY) • 5 Year CAGR of 13% LKR m Revenue growth 1 9,000 25% 1 7,000 1 5,000 20% 15% 1 3,000 1 1,000 10% 9 ,0 00 10,859 13,068 14,697 16,327 17,422 7
Slide 9: Profitability
Profitability LKR m PAT Margins 1 ,4 00 9.2% 10% 7.7% 7.0% 9% 6.4% 1 ,2 00 6.1% 8% 1 ,0 00 7% 6% 8 00 5% 6 00 1,202 1,126 1,047 1,218 4% 666 3% 4 00 2% 2 00 1% - 0% FY12 FY13 FY14 FY15 FY16 PAT PAT margin % • Top line growth and margin expansion have driven growth in profitability • Last year advers
Slide 10: Earnings Contribution
Earnings Contribution PAT- FY16 PATMI- FY16 Other, - Other, - 4.2% FMCG, 1.8% Healthcare, 23.9% 26.9% Healthcare, FMCG, 55.8% 34.7% LKR 1,218m LKR 587m Agri, Agri, 22.1% 42.5% • Lower impact of Agri sector at PATMI level. Effecting holding just 25%. • Healthcare contributed 56% of total PATMI *Other
Slide 11: Group CAPEX
Group CAPEX 902 895 1 ,0 00 9 00 8 00 590 7 00 6 00 373 5 00 289 4 00 3 00 154 125 2 00 93 84 80 1 00 4 2 2 1 - Healthcare FMCG Agri Power Packaging Other Total FY15 FY16 In LKR m
Slide 12: Dividend
Dividend 1 .2 0 30.0% 26.2% 1 .0 0 24.2% 25.0% 21.3% 0 .8 0 20.0% 0 .6 0 15.0% 10.9% 0 .4 0 8.5% 10.0% 0 .2 0 5.0% - 0.30 0.50 0.95 0.95 1.05 0.0% FY12 FY13 FY14 FY15 FY16 DPS Payout Ratio
Slide 13: Segment Performance FY16
Segment Performance FY16
Slide 14: Healthcare
Healthcare Growth 4Q 4Q Growth LKRm FY16 FY15 % FY16 FY15 % Revenue 7,161 6,076 17.9 1,891 1,580 19.6 EBIT 514 382 34.8 114 32 257.3 EBIT Margin 7.2% 6.3% 6.1% 2.0% PAT 327 232 41.2 63 57 10.3 PAT Margin 4.6% 3.8% 3.3% 3.6% Normalized PAT* 327 293 11.6 63 57 10.3 Highlights • Revenue growth of 18% Y
Slide 15: Healthcare Retail
Healthcare Retail 24 Outlets existing outlets in Colombo, including 12 express outlets Expansion of retail footprint • 4 new full service stores opened in FY16 • 4 new express stores opened in FY16 • Emphasis margin expansion with higher Beauty and wellness sales • Focus on superior customer service
Slide 16: FMCG
FMCG Growth 4Q 4Q Growth LKRm FY16 FY15 % FY16 FY15 % Revenue 3,440 2,915 18.0 920 810 13.6 EBIT 469 445 5.4 88 156 (43.6) EBIT Margin 13.6% 15.3% 9.5% 19.2% PAT 423 393 7.7 80 138 (42.4) PAT Margin 12.3% 13.5% 8.7% 17.1% Highlights • Sales growth driven higher branded tea volumes (+16% YoY) and pri
Slide 17: Agri
Agri Growth 4Q 4Q Growth LKRm FY16 FY15 % FY16 FY15 % Revenue 6,299 6,848 (8.0) 1,684 1,568 7.4 EBIT 669 550 21.7 103 (28) n/a EBIT Margin 10.6% 8.0% 6.1% -1.8% PAT 518 391 32.5 79 (18) n/a PAT Margin 8.2% 5.7% 4.7% -1.1% Highlights • Contraction in revenue by design to focus on quality for the Tea
Slide 18: Other
Other Energy Packaging • Revenue of LKR 120m • The packaging division for FY16, up from LKR reported revenues of 113m due to heavy LKR 362m, up 34% YoY rainfall. • PAT of 16m in FY16 against • Power generation 21% LKR 24 loss last year above budget • New orders for Tin sheet • LKR 32m PAT for FY16 e
Slide 19: Additional Data
Additional Data 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q LKR m FY14 FY14 FY14 FY14 FY15 FY15 FY15 FY15 FY16 FY16 FY16 FY17 Revenue 3,473 3,498 3,743 3,982 3,984 4,166 4,072 4,105 4,179 4,341 4,288 4,615 PAT 125 236 415 350 326 225 289 207 314 344 391 169 PATMI 65 176 187 170 147 158 104 76 162 171 175 78
Slide 20: Outlook
Outlook
Slide 21: Outlook for 1Q FY16
Outlook for 1Q FY16 Healthcare Agri • Continue growth momentum in • Palm Oil Prices supported by agency business, despite May increase in duty component being affected by weather • Slight increase in Tea price for • 1 new FS retail outlet better quality estates • Dedicated Training centre Packaging
Slide 22: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php