Slide 1: Earnings Call Presentation (Jun'24)
Earnings Call Presentation (Jun’24) (6/8/24)
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
+ 27°C A world we are seeking MILLION AIR COOLERS to create SOLD WORLDWIDE 3
Slide 4: Table of Content
Table of Content 1 Performance Highlights 2 Financials 3 Shareholders’ Payout 4 Exciting New Products 5 Outlook 4
Slide 5: Performance Highlights
Thi Performance Highlights
Slide 6: Consol. Financials (₹ Cr.): Jun'24 v/s Jun'23
Consol. Financials (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from Gross Margin Operations 531 272 v/s 150 (▲81%) v/s 302 (▲76%) 51.2 % (150 bps) EBITDA PAT 112 88 v/s 28 (▲298%) v/s 24 (▲270%) 21.0% (1,170 bps) 16.6% (870 bps) 6
Slide 7: Standalone Financials (₹ Cr.): Jun'24 v/s Jun'23
Standalone Financials (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from Gross Margin Operations 373 197 v/s 89 (▲122%) v/s 172 (▲116%) 52.8 % (130 bps) EBITDA PAT 82 69 v/s 7 (▲1,041%) v/s 14 (▲375%) 22.0% (1,780 bps) 18.4% (1,000 bps) 7
Slide 8: Subsidiaries' Financials (₹ Cr.): Jun'24 v/s Jun'23
Subsidiaries’ Financials* (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change *Consol. – Standalone Financials Margin % ( YoY change) Revenue from Gross Margin Operations 158 75 v/s 61 (▲22%) v/s 130 (▲22%) 47.5 % (30 bps) EBITDA PAT 29 20 v/s 21 (▲41%) v/s 9 (▲108%) 18.7% (260 bps) 12.4% (520 bps) 8
Slide 9: Performance Highlights: Consol. & Standalone [1/2]
Performance Highlights : Consol. & Standalone [1/2] Strong Jun’24 standalone performance driven by : ▪ Scorching and crippling heatwave ▪ Strong penetration in semi-urban and rural markets ▪ Most befitting product portfolio and range ▪ D2C : A growth driver; 100% prepaid (No COD) ▪ Adjacent product
Slide 10: Performance Highlights: Consol. & Standalone [2/2]
Performance Highlights : Consol. & Standalone [2/2] Brand Performance : Fuelling Growth Share of Symphony Brand in Google Search for Air Coolers : 60%+ (Jul’23 – Jun’24) YouTube and OTT : (Jun’24 Quarter) ▪ 540 mn+ impressions ▪ 130 mn+ views Visitors on D2C website : 4 mn+ (Jul’23 – Jun’24) Industr
Slide 11: Performance Highlights: Overseas Subsidiaries
Performance Highlights: Overseas Subsidiaries Robust aggregate performance : ▪ Highest ever quarterly Revenue ▪ Highest ever June quarter EBITDA and PAT ▪ PAT 108% YoY IMPCO, Mexico : ▪ Robust YoY growth: ▪ Revenue 46% (Jun’23 38%) ▪ EBITDA 36% (Jun’23 89%) ▪ PAT 77% (Jun’23 52%) ▪ Hig
Slide 12: Consolidated Financials
Sympheny all N $ ‘Mi “HL” RT SELL
Slide 13: Consol. (Jun'24): EBITDA Margin Movement
Consol. (Jun’24): EBITDA Margin Movement 2. 2 . 3. 3. . .3 EBITDA ross Employee A P Freight EBITDA (Jun 23) Margin Benefits ent Travel Other E p. (Jun 24) 13
Slide 14: Consol. Financials (TTM): Jun'24 v/s Jun'23
Consol. Financials (TTM): Jun’24 v/s Jun’23 ▲ YoY change Margin % ( YoY change) Revenue from EBITDA* PAT Operations 1,385 254 212 v/s 1,161 (▲19%) v/s 132 (▲93%) v/s 110 (▲92%) 18.3% (700 bps) 15.3% (580 bps) Capital Employed ROCE RONW Treasury (Monthly Avg. – (of Core Business) (Incl. Cash & Cas
Slide 15: Standalone Financials
India ka No. 1 Saat symph ony! Thinking of Tomorrow Standalone Financials
Slide 16: Standalone (Jun'24): EBITDA Margin Movement
Standalone (Jun’24): EBITDA Margin Movement 3.3 22. . 4. .3 4.2 EBITDA ross Employee A P Freight EBITDA (Jun 23) Margin Benefits ent Travel Other E p. (Jun 24) 16
Slide 17: Standalone TTM Financials (₹ Cr.): Jun'24 v/s Jun'23
Standalone TTM Financials (₹ Cr.): Jun’24 v/s Jun’23 ▲ YoY change Margin %( YoY change) Revenue from EBITDA* PAT Operations 996 235 207 v/s 850 (▲17%) v/s 157 (▲50%) v/s 154 (▲35%) 23.6% (510 bps) 20.8% (270 bps) Capital Employed ROCE RONW Treasury (Monthly Avg. – (of Core Business) (Excl. loans
Slide 18: Subsidiaries' Financials
Thinking of Subsidiaries’ Financials
Slide 19: Subsidiaries Financials: IMPCO (Mexico) and CT (Australia) [1/2]
Subsidiaries Financials (₹ Cr.): Jun’24 v/s Jun’23 [1/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations IMPCO 112 25 17 (Mexico) v/s 77 (▲46%) v/s 19 (▲36%) v/s 10 (▲77%) 22.4% (170 bps) 15.2% (270 bps) Revenue from EBITDA PAT Operations CT 44 (-3) (-4) (Australia) v
Slide 20: Subsidiaries Financials: GSK (China) and Brazil [2/2]
Subsidiaries Financials (₹ Cr.): Jun’24 v/s Jun’23 [2/2] ▲/ ▼ YoY change Margin %( / YoY change) Revenue from EBITDA PAT Operations GSK 16 3 3 (China) v/s 12 (▲33%) v/s 1 (▲135%) v/s 1 (▲245%) 21.5% (940 bps) 15.7% (970 bps) Revenue from EBITDA PAT Symphony Operations (Brazil) 1 (-1) (-2) v/s 1
Slide 21: Shareholders' Payout
Thinking of Wn Thinking of Tomorrow Shareholders’ Payout
Slide 22: Consistent Payout to Shareholders
Consistent Payout to Shareholders Shareholders’ eward Policy Shareholders’ Payout ( of Jun’24 Consol. PAT) Payout (% of Consol PAT) Buyback at FY25 ₹2 / share (₹ Cr.) 71.4 109% Buyback Incl. 89.6 At least (₹ 96.5 Cr.) Tax + Exp. (₹ Cr.) 60% 1st Interim Dividend (₹ / Share) 6.9 (₹ Cr.) Dividend, Spec
Slide 23: Coming Soon (Exciting New Products)
Coming Soon (Exciting New Products) Future Inspired by Legacy 23 23
Slide 24: #NEVERBEFORECOOLERS (17 New Models)
#NEVERBEFORECOOLERS (17 New Models) ▪ Robust weather-resistant body ▪ Calm and quite cooling ▪ i-Pure+ technology ▪ High-efficient honeycomb pads ▪ Powerful exhaust fan ▪ Mega tank with easy-fill ▪ Uniform cooling technology ▪ Powerful air throw system 24
Slide 25: AIR FORCE
AIR FORCE 25 25
Slide 26: SILENZ
SILENZ@ o “
Slide 27: WINDSMAX
WIND) (piattataaaatlpolpale 4 pes i} a /y lL) Tas Li (J imaaaammalal SMAX
Slide 28: Arctic Circle
Arctic Circle
Slide 29: JUMBO 200EX
Sympheny | @ ” ttl, IW INLD”
Slide 30: SUMO 60
SUMO 60 30
Slide 31: Storage Water Heaters
Symphony forays into path-breaking… Storage Water Heaters 31
Slide 32: Softens hard water reducing hair damage
Softens hard water reducing hair damage and providing skincare 32
Slide 33: Control at your fingertips
Control at your fingertips ▪ Gesture controlled ▪ Timer settings ▪ Voice notifications ▪ Temperature control ▪ Splash proof ▪ Child lock ▪ 30ft. operating range 33 33
Slide 34: India's First Water Heater
With Available in 10L | 15L | 25L India’s First Water Heater 34 34
Slide 35: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L 35
Slide 36: Available in 10L | 15L | 25L
With Available in 10L | 15L | 25L 36 36
Slide 37: Outlook
Thinking of Tomorrow Make your choices wiser + & living healthier. Buying a Symphony Air Cooler is equivalent to planting 14 trees’ p Outlook
Slide 38: Outlook
Outlook Poised for Growth Leveraging complementary strengths Intensified heatwave and climate change Outsourced manufacturing to India and China (Shift from CT Australia and IMPCO Mexico) Below normal trade inventory in India, Mexico, & Brazil Complementary Research & Development, Sales, and Path-br
Slide 39: 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 40: Thinking of Tomorrow
a Thinking of Tomorrow & Embrace Carbon-neutral Cooling that Save Today, Shape Your Tomorrow. | Master Cool! Arctic Circle | -4i | = BONAIRE | Durango | @TravelAire