Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — 2QFY17 Earnings Presentation
20 slides from Sunshine's earnings presentation, Nov 8, 2016
Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 2QFY17
Earnings Presentation 2QFY17 8th November 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 – 1HFY17
Group at a Glance – 1HFY17 • LKR 9.6bn in Revenue; +13.6% YoY • LKR 935.4m PAT; +42.2% YoY • PATMI of LKR 433m; +29% YoY Revenue - 1H17 Other • Healthcare revenue; LKR 4bn; +17.9% YoY 4% • Agri revenue; LKR 3.3bn; +1.7% YoY. FMCG 20% Health 6.07m kg of palm oil, +15% YoY. care 42% 3.87m kg of te
Slide 6: Group at a Glance – 2QFY17
Group at a Glance – 2QFY17 • LKR 5.05bn in Revenue; +16.5% YoY • LKR 527m PAT; +53.5% YoY • PATMI of LKR 226.7m; +30.4% YoY Revenue – 2Q17 Other • Healthcare revenue; LKR 2.08bn; +18% YoY 4% • Agri revenue; LKR 1.65bn; +5.3% YoY. FMCG Health 22% 3.36m kg of palm oil, +37% YoY. care 41% 1.39m kg
Slide 7: Group Financial Highlights
Group Financial Highlights 1H 1H Growth 2Q 2Q Growth LKRm FY17 FY16 % FY17 FY16 % Revenue 9,676 8,520 13.6 5,056 4,341 16.5 EBIT 1,178 894 31.7 658 494 33.0 EBIT Margin 12.2% 10.5% 13.0% 11.4% Profit for the period 935 658 42.2 527 344 53.5 PAT Margin 9.7% 7.7% 10.4% 7.9% Profit Attributable to Equi
Slide 8: Revenue Growth Trend
Revenue Growth Trend • 5 Year CAGR of 11.4% 5 Yr CAGR: 11.4% LKR m 35% 6,000 5,056 30% 30% 5,000 4,166 4,341 25% 3,277 3,498 4,000 20% 19% 3,000 15% 17% 2,000 10% 5% 7% 1,000 4% 0% - 2QFY13 2QFY14 2QFY15 2QFY16 2QFY17 Revenue %Growth
Slide 9: Profitability
Profitability 600 19.0% 527.2 17.0% LKR m 500 15.0% 344 400 13.0% 243 300 11.0% 236 225 10.4% 9.0% 200 7.4% 7.9% 7.0% 6.7% 100 5.0% 5.4% 3.0% - 2QFY13 2QFY14 2QFY15 2QFY16 2QFY17 PAT %PAT margin • Top line growth and margin expansion drive growth in profitability • Margins improved in Agri business
Slide 10: Earnings Contribution
Earnings Contribution PAT – 2QFY17 PATMI – 2QFY17 Other Other -2% Healthcare 3% FMCG 20% FMCG 22% 18% Healthcare 47% Agri 56% Agri 32% • Lower impact of Agri sector at PATMI level. Effecting holding is 25%. • Healthcare contributed 47% of total PATMI 2Q *Other includes= Packaging + Power + Inter com
Slide 11: Segment Performance 2Q FY17
Segment Performance 2Q FY17
Slide 12: Healthcare
Healthcare 1H 1H Growth 2Q 2Q Growth LKRm FY17 FY16 % FY17 FY16 % Revenue 4,040 3,427 17.9 2,083 1,765 18.0 EBIT 284 272 4.4 158 147 7.3 EBIT Margin 7.0% 7.9% 7.6% 8.3% Profit for the period 189 180 5.2 110 95 15.3 PAT Margin 4.7% 5.3% 5.3% 5.4% Highlights • 1H FY17 Revenue growth of 18% YoY: Driven
Slide 13: Healthcare Retail
Healthcare Retail 24 Outlets existing outlets in Colombo, including 12 express outlets Highlights • Continued emphasis on margin expansion with higher Beauty and wellness sales • Hill Street outlet launched in 2Q, Castle Street closed down. • Consumer spending continued to be sluggish in 2Q • Recali
Slide 14: FMCG
FMCG 1H 1H Growth 2Q 2Q Growth LKRm FY17 FY16 % FY17 FY16 % Revenue 1,899 1,579 20.3 1,116 894 24.8 EBIT 180 253 (28.8) 133 164 (19.1) EBIT Margin 9.5% 16.0% 11.9% 18.4% Profit for the period 164 228 (28.2) 122 146 (16.4) PAT Margin 8.6% 14.4% 10.9% 16.3% Highlights • 1H FY17 Revenue growth driven b
Slide 15: Agri
Agri 1H 1H Growth 2Q 2Q Growth LKRm FY17 FY16 % FY17 FY16 % Revenue 3,307 3,251 1.7 1,648 1,566 5.3 EBIT 664 343 93.6 372 176 111.6 EBIT Margin 20.1% 10.5% 22.6% 11.2% Profit for the period 548 262 109.4 309 131 136.0 PAT Margin 16.6% 8.0% 18.8% 8.4% Highlights • Revenue growth in line with strategy
Slide 16: Other
Other Energy Packaging • Revenue of LKR 44.6m • The packaging division for 1H FY17 against LKR reported revenues of LKR 62m last year due to 192m, up 12.6% YoY in 1H change in weather patterns FY17 • LKR 0.765m PAT for 1HFY17 against LKR 21.3m • Export revenue up 3x from last year last year. • Upper
Slide 17: Additional Data
Additional Data LKR m 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q FY16 2Q FY16 3Q FY16 4Q FY17 1Q FY17 2Q FY17 Revenue 3,984 4,166 4,072 4,105 4,179 4,341 4,288 4,615 4,621 5055 PAT 326 225 289 207 314 344 391 169 408 527 PATMI 147 158 104 76 162 171 175 78 207 227 Volumes 1Q FY15 2Q FY15 3Q FY15 4Q FY15 1Q
Slide 18: Outlook
Outlook
Slide 19: Outlook for 3Q FY17
Outlook for 3Q FY17 Healthcare Agri • Price control will have negative • Tea prices expected to be firm impact on industry • Focus on quality teas • Impact on inventory value and • Focus on OP Crop performance revenue for 2H • Wage impact for 2H • 1 new FS store in Thimbirigasyaya Packaging FMCG • G
Slide 20: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php