Symphony Limited · NSE:SYMPHONY

Symphony — Q3 FY2025 Earnings Presentation

25 slides from Symphony's earnings presentation, Feb 5, 2025

  1. Slide 1: Earnings Call Presentation (Dec'24)

    Earnings Call Presentation (Dec’24) (5/2/25)

  2. 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

  3. Slide 3: A world we are seeking to create

    + 27°C A world we are seeking MILLION AIR COOLERS to create SOLD WORLDWIDE 3

  4. Slide 4: Table of Content

    Table of Content 1 Performance Highlights 2 Financials 3 Outlook 4

  5. Slide 5: Performance Highlights

    Thi Performance Highlights

  6. Slide 6: Performance Highlights: Standalone & Consol. [1/3]

    Performance Highlights: Standalone & Consol. [1/3] Standalone performance: ▪ Revenue:  49% (9M) and  3% (Qtr.) ▪ Record high Q3 end unbilled advances: ✓ Surpassing domestic sales of ₹ 150 cr. of Q3-FY25 ✓ 268% of previous Dec peak (Dec’22) ✓ Primarily for 17 new margin-accretive air cooler models

  7. Slide 7: Performance Highlights: Standalone & Consol. [2/3]

    Performance Highlights: Standalone & Consol. [2/3] Major legal actions for recovery: ▪ Overdue from M/s Pathways Retail Private Limited, Delhi (E-Com Distributor) ▪ Stringent criminal proceeding initiated for forgery, cheating and criminal breach of trust, under the BNS Act 2023 ▪ Rights created ove

  8. Slide 8: Performance Highlights: Standalone & Consol. [3/3]

    Performance Highlights: Standalone & Consol. [3/3] Exceptional Item: ▪ Provision of ₹ 46 cr. for Doubtful Debt from M/s Pathways Retail Private Limited in Dec’24 Qtr., in addition to provision up to Sep’24 Qtr. ▪ Provision required as per Ind-AS ▪ Without compromising recovery and legal proceedings

  9. Slide 9: Performance Highlights: Overseas Subsidiaries

    Performance Highlights: Overseas Subsidiaries IMPCO, Mexico: ▪ Currency fluctuation: Revenue Growth (YoY) MXN INR Apr – Dec’24  14%  8% Dec’24 Qtr.  6%  32% GSK, China : ▪ Remarkable performance improvements: YoY Revenue PAT Apr – Dec’24 ₹ 75 cr. v/s ₹ 33 cr. ₹ 10 cr. v/s ₹ 1 cr. Dec’24 Qtr. ₹ 3

  10. Slide 10: Standalone Financials

    India ka No. 1 Saat symph ony! Thinking of Tomorrow Standalone Financials

  11. Slide 11: Standalone 9M Financials: Dec'24 v/s Dec'23

    Standalone 9M Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 814 408 Exceptional Item (Prov. for Doubtful Debt) 46.0 5.6% v/s 545 (▲49%) v/s 269 (▲52%) Water Heater launch exp. 3.6 0.4% 50.1%

  12. Slide 12: Standalone TTM Financials: Dec'24 v/s Dec'23

    Standalone TTM Financials: Dec’24 v/s Dec’23 (₹ Cr.) Monthly Avg. ROCE (PBIT before exceptional item / Monthly Avg. Capital Employed Capital Employed of Core Business) (of Core Business) (-21) Infinite v/s 60 v/s 241% RONW Treasury (PAT / Avg. Net Worth) (Excl. loans / Investment in subsidiaries) (A

  13. Slide 13: Standalone Quarterly Financials: Dec'24 v/s Dec'23

    Standalone Quarterly Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 182 83 Exceptional Item (Prov. for Doubtful Debt) 46.0 25.3% v/s 177 (▲3%) v/s 82 (▲2%) Water Heater launch exp. 3.6 2.0% 4

  14. Slide 14: Standalone EBITDA Margin Movement: Dec'24 Qtr.

    Standalone EBITDA Margin Movement: Dec’24 Qtr. 1.6% 23.3% -0.6% -2.0% 18.8% -3.5% EBITDA Gross Employee A&P Freight, EBITDA (Dec'23) Margin Benefits (Water Heater Rent, Travel, (Dec'24) launch exp.) & Other exp. 14

  15. Slide 15: Consolidated Financials

    Sympheny all N $ ‘Mi “HL” RT SELL

  16. Slide 16: Consol. 9M Financials: Dec'24 v/s Dec'23

    Consol. 9M Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 1,088 549 Exceptional Item (Prov. for Doubtful Debt) 46.0 4.2% v/s 824 (▲32%) v/s 394 (▲39%) Water Heater launch exp. 3.6 0.3% 50.5%

  17. Slide 17: Consol. TTM Financials: Dec'24 v/s Dec'23

    Consol. TTM Financials: Dec’24 v/s Dec’23 (₹ Cr.) Monthly Avg. ROCE RONW (PBIT before exceptional item / Monthly Avg. Capital Employed Capital Employed of Core Business) (PAT / Avg. Net Worth) (of Core Business) 273 90% 26% v/s 305 v/s 38% v/s 15% 17

  18. Slide 18: Consol. Quarterly Financials: Dec'24 v/s Dec'23

    Consol. Quarterly Financials: Dec’24 v/s Dec’23 ▲/▼ YoY change (₹ Cr.) Margin % (/ YoY change) Revenue from Gross Margin Dec’24 Qtr. Specific Exp. Operations Amt % of Rev. 242 121 Exceptional Item (Prov. for Doubtful Debt) 46.0 19.0% v/s 247 (▼2%) v/s 117 (▲3%) Water Heater launch exp. 3.6 1.5% 50

  19. Slide 19: Consol. EBITDA Margin Movement: Dec'24 Qtr.

    Consol. EBITDA Margin Movement: Dec’24 Qtr. 0.7% 2.7% 16.9% -1.8% 14.7% -3.8% EBITDA Gross Employee A&P Freight, EBITDA (Dec'23) Margin Benefits (Mainly Water Heater Rent, Travel, (Dec'24) launch exp.) & Other exp. 19

  20. Slide 20: Subsidiaries' Financials

    Thinking of Subsidiaries’ Financials

  21. Slide 21: Subsidiaries Financials (₹ Cr.): Dec'24 v/s Dec'23

    Subsidiaries Financials (₹ Cr.): Dec’24 v/s Dec’23 9M FY25 Dec’24 Qtr. Particulars IMPCO, GSK, Symphony, CT, Total IMPCO, GSK, Symphony, CT, Total Mexico China Brazil Australia (Refer Note 1) Mexico China Brazil Australia (Refer Note 1) Revenue 135 75 35 123 327 13 34 15 49 88 Dec’23 126 33 22 142 2

  22. Slide 22: Outlook

    Thinking of Tomorrow Make your choices wiser + & living healthier. Buying a Symphony Air Cooler is equivalent to planting 14 trees’ p Outlook

  23. Slide 23: Outlook

    Outlook Ahead of summer-25: Strategic focus on and decent demand from LFS, ✓ Robust positive demand and sentiment (trade RCS, E-Com, D2C etc. and consumer) ✓ Bolstering revenue in Mar’25 Qtr. Leveraging the complementary capabilities of global operations: Overwhelming response to 17 new margin- ✓ Ou

  24. Slide 24: 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 incl. MTM) EBITDA Margin (%) : % of Revenue fro

  25. Slide 25: Scan for Financial Results

    Scan for Financial Results (Q3 FY25 and 9M FY25)

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