Symphony Limited · NSE:SYMPHONY
Symphony — Investor Presentation (May 2017)
33 slides from Symphony's investor presentation, May 2017
Slide 1: Corporate presentation 2017
Corporate presentation 2017
Slide 2: Air cooling simplified
Symphony Limited Corporate presentation 2017 Air cooling simplified WATER DISTRIBUTOR COOL FILTERED AIR HOT DRY AIR FAN EVAPORATIVE MEDIA WATER RESERVOIR 2
Slide 3: Widest product range
Symphony Limited Corporate presentation 2017 Widest product range Cloud – World’s First Wall Mounted Air Cooler Touch Range of Air Coolers 3
Slide 4: Widest product range
Symphony Limited Corporate presentation 2017 Widest product range Window Air Cooler Range Portable Air Cooler Range 4
Slide 5: Widest product range
Symphony Limited Corporate presentation 2017 Widest product range Central Air Cooling Solution Range of Packaged Air Coolers Range of Mobile Commercial Air Coolers 5
Slide 6: Multi-stage Air Purification
Symphony Limited Corporate presentation 2017 Multi-stage Air Purification i-Pure Range 6
Slide 7: Air cooling edge
Symphony Limited Corporate presentation 2017 Air cooling edge Runs at the operating Works on Use it outside, Delivers fresh, cost of a fan inverter power use it inside. filtered cool air. 7
Slide 8: Milestones
Symphony Limited Corporate presentation 2017 Symphony - milestones Established in 1988 Pre-2000s, Ventured into the Suffered financial with a portfolio positioning: ‘Many manufacture of ACs, stress and comprising one air products – One washing machines restructured cooler model market’ and other dur
Slide 9: Business model
Symphony Limited Corporate presentation 2017 Business model Positioning Design-driven Brand-focused Focused on offering cutting- Best-in-class design, a World and India’s leading edge cooling technology significant advantage over air-cooler brand competitors Progressively product- 15 robust sub-bran
Slide 10: Innovations
Symphony Limited Corporate presentation 2017 Innovations 1988 1994 2000 2004 2007 2009 Marketed the first Introduced an air Unveiled e-flow Equipped air Launched air Marketed Diet branded plastic cooler with technology for coolers with four- coolers with coolers with air cooler in India remote contr
Slide 11: Sectoral entry barriers
Symphony Limited Corporate presentation 2017 Sectoral entry barriers Leader in terms Leader in brand Leader in Leader in of innovation and category management customer-centric status • Technology, design, • Focused approach • Entrenched experience • Expanding portfolio quality, features and (what to
Slide 12: Revenue break-up 2016-17
Symphony Limited Corporate presentation 2017 Revenue break-up 2016-17 (Consolidated) Revenue break up Aircooler revenue break up Gross Revenue Air Cooler Revenue Rs.811 cr Rs.768 cr India: 78% Rest of World: 22% Residential Air Cooler 88% Industrial & Ducted 12% Rs.634 cr Rs. 177 cr Rs.678 cr Rs.90
Slide 13: Accelerates performance
Symphony Limited Corporate presentation 2017 Accelerates performance Profit and Loss Statement Segmental Consolidated Standalone Segmental Consolidated Standalone Particulars (Rs. Cr.) FY14 FY15 FY16 FY17 FY16* FY17 Revenue (Rs. Cr.) FY14 FY15 FY16 FY17 FY16* FY17 Revenue from India 349.8 411.4 471.
Slide 14: Financials - Statement of Profit & Loss
Symphony Limited Corporate presentation 2017 Accelerates performance Financials - Statement of Profit & Loss Gross Revenue Profit after tax PBT % (Rs. crore) (of gross revenue) (Rs. crore) 19.72% CAGR 21.69% CAGR 166 31.5 811 148 28.8 28.8 27.5 26.9 24.7 25.1 625 116 560 106 503 364 296 60 276 53 51
Slide 15: Financials - Balance Sheet
Symphony Limited Corporate presentation 2017 Accelerates performance Financials - Balance Sheet Shareholders Fund Capital employed Capital employed Debt (Rs. crore) Air coolers (Rs. crore) Corporate funds (Rs. crore) (Rs. crore) 284.8 459.0 174.2 246.1 141.0 138.3 194.7 318.6 180.4 306.2 112.7 275.8
Slide 16: Financials - Shareholder value creation
Symphony Limited Corporate presentation 2017 Accelerates performance Financials - Shareholder value creation EBITDA margin % Dividend payout Dividend payout % Book value@ (Rs. crore) (Rs.) 31.0 88.9# 65.6 105.3# 29.7 29.7 45.5 43.8 27.9 39.4 27.7 50.3 50.8 58.9 44.3 31.8 53.2 42.1 26.6 26.2 27.1 21.
Slide 17: Comparison between air-cooling appliances
Symphony Limited Corporate presentation 2017 Comparison between air-cooling appliances Parameters Fans Air coolers Air-conditioners Capital cost Low Low High Recurring cost Low 90% lower than ACs Very high Indoor air quality Circulates same air 100%-fresh filtered cool air Recirculates stale dry air
Slide 18: Residential air coolers
Symphony Limited Corporate presentation 2017 Residential air coolers Symphony - the hallmark of trust Using all forms of advertisement modes Below-the-line marketing Internet Electronic Print Radio (since 2010) activities The result: Symphony has cemented its identity as a generic name for air coole
Slide 19: Centralised air cooling solutions – fact and figures
Symphony Limited Corporate presentation 2017 Centralised air cooling solutions – fact and figures “90% of American firms named cool air as the single biggest factor determining their productivity.” “Cooling raised productivity by a quarter. On factory floors it cut absenteeism and stoppages.” (Sourc
Slide 20: Impco, S.de R.L. de C.V., Mexico
Symphony Limited Corporate presentation 2017 Impco, S.de R.L. de C.V., Mexico • Acquired IMPCO (2009-11) and entered the centralised air cooling solutions business • IMPCO possessed in-depth expertise in manufacturing large metallic air coolers and providing customised centralised air cooling soluti
Slide 21: The Symphony-IMPCO synergy
Symphony Limited Corporate presentation 2017 The Symphony-IMPCO synergy • Symphony leverages IMPCO’s relationships with large format stores to market residential coolers • Commercial and industrial coolers available for Symphony to distribute in India and internationally (through dedicated distribut
Slide 22: Centralised air cooling solutions – long runway
Symphony Limited Corporate presentation 2017 Centralised air cooling solutions – long runway Opportunity and size Factories Universities Warehouses Lecture halls The centralised air-conditioning Shops and showrooms Service stations market in India is estimated to be worth Rs. 40,000 million Religiou
Slide 23: Centralised air cooling solutions - domestic presence
Symphony Limited Corporate presentation 2017 Centralised air cooling solutions - domestic presence • IMPCO’s multi-decadal knowledge allowed Symphony to execute multiple prestigious centralised air cooling solution projects in India • These projects were undertaken across diverse spaces including fa
Slide 24: Centralised air cooling solutions – enterprise customers
Symphony Limited Corporate presentation 2017 Centralised air cooling solutions – enterprise customers Working with esteemed brands 24
Slide 25: International markets – long runway
Symphony Limited Corporate presentation 2017 International markets – long runway Air cooler seen as a Green Product Global warming accelerating – gaining popularity demand AC global market size expected to Air cooler market potential should be 150 million by 2020 (industry logically be greater repor
Slide 26: Global installations – Central Air Cooling
Symphony Limited Corporate presentation 2017 Global installations – Central Air Cooling 26
Slide 27: World’s Largest Air Cooling Project
Symphony Limited Corporate presentation 2017 World’s Largest Air Cooling Project Air-cooled entire Mecca Complex in Saudi 100 Million CFM of air cooling done. 27
Slide 28: Air Cooling Solutions - our international presence
Symphony Limited Corporate presentation 2017 Air Cooling Solutions - our international presence Direct Presence 28
Slide 29: Guangdong Symphony Keruilai Air Coolers Co. Ltd (GSK)
Symphony Limited Corporate presentation 2017 Guangdong Symphony Keruilai Air Coolers Co. Ltd (GSK) Symphony - foraying into a third geography Inorganic presence in China Symphony’s opportunities •Acquisition of 100% equity in Guangdong •Cutting-edge R&D expertise Symphony Keruilai Air Coolers Co. Lt
Slide 30: Rise in temperature
Symphony Limited Corporate presentation 2017 Rise in temperature ➢Temperature is rising globally and making global headlines April 25, 2017 March 1, 2017 Feb 26 2017 March 21, 2017 30
Slide 31: Looking forward to attractive growth rates
Symphony Limited Corporate presentation 2017 Looking forward to attractive growth rates Multiple revenue streams •Symphony earlier serviced only one customer group – the residential buyer; the Company now services commercial and industrial customers as well •Symphony was earlier simply an air-cooler
Slide 32: Disclaimer
Symphony Limited Corporate presentation 2017 DISCLAIMER 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
Slide 33: www.symphonylimited.com
Symphony Limited Corporate presentation 2017 www.symphonylimited.com MEXICO CHINA Impco, S.de R.L. de C.V. Guangdong Symphony Keruilai Air Coolers Co. Ltd Avenida Miguel Aleman #6061, Taiying Industrial Area, Col. America, Guadalupe N.L. Mexico, C.P. Hongmei Town, 67130 523160 Dongguan, Guangdong Ch