Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — 3QFY18 Earnings Presentation
20 slides from Sunshine's earnings presentation, Feb 8, 2018
Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 3QFY18
Earnings Presentation 3QFY18 08th February 2018
Slide 3: Group Performance
Group Performance
Slide 4: Group at a Glance – 9MFY18 [Apr-Dec]
Group at a Glance – 9MFY18 [Apr-Dec] • LKR 15.6bn in Revenue; +12.4% YoY • LKR 1.6bn PAT; +23.0% YoY • PATMI of LKR 722m; +63.8% YoY Revenue - 9MFY18 • Healthcare revenue; LKR 6.0bn; +3.3% YoY Other, 9% • Agri revenue; LKR 5.4bn; +13.3% YoY Healthcare 8.5m kg of palm oil, +0.7% YoY FMCG, , 39% 25%
Slide 5: Group at a Glance – 3QFY18 [Oct-Dec]
Group at a Glance – 3QFY18 [Oct-Dec] • LKR 5.2bn in Revenue; +19.9% YoY • LKR 489m PAT; +20.2% YoY • PATMI of LKR 190m Revenue - 3QFY18 • Healthcare revenue; LKR 2.1bn; +15.2% YoY Other, 22% • Agri revenue; LKR 1.6bn; +12.0% YoY Healthcare , 39% 2.3m kg of palm oil, -4.2% YoY LKR 5.2bn 1.8m kg o
Slide 6: Group Financial Highlights
Group Financial Highlights 9M 9M Growth 3Q 3Q Growth LKR m FY18 FY17 % FY18 FY17 % Revenue 15,563 13,851 12.4% 5,235 4,366 19.9% EBIT 1,989 1,644 21.0% 697 491 42.0% EBIT Margin 12.8% 11.9% 13.3% 11.2% Reported PAT 1,638 1,332 23.0% 489 407 20.2% PAT Margin 10.5% 9.6% 9.3% 9.3% PAT* 1,721 1,427 20.6
Slide 7: 3Q Revenue Growth Trend
3Q Revenue Growth Trend • 5 Year CAGR of 9% 5 Yr CAGR: 9% 6,000 0.2 5,23518% 0.18 5,000 4,288 4,425 0.16 4,072 3,743 0.14 4,000 0.12 11% LKR m 3,000 0.1 0.08 2,000 9% 0.06 5% 0.04 1,000 3% 0.02 - 0 3QFY14 3QFY15 3QFY16 3QFY17 3QFY18 Revenue Revenue Growth
Slide 8: 3Q Profitability
3Q Profitability 600 0.4 35% 489 0.3 500 415 403 21% 0.2 391 400 0.1 289 3% 300 0 -0.1 LKR m 200 -8% -0.2 100 -30% -0.3 - -0.4 3QFY14 3QFY15 3QFY16 3QFY17 3QFY18 PAT PAT Growth • PAT at LKR 489m increased by 21.3% YoY • Healthcare margins have recovered with renegociation with principals on input co
Slide 9: Earnings Contribution
Earnings Contribution PAT - 3QFY18 PATMI - 3QFY18 Other, 9% Healthcare, Healthcare, 27% 9% Other, FMCG, 27% 22% LKR 489m LKR 190m FMCG, 9% Agri, 60% Agri, 37%
Slide 10: Segment Performance 3Q FY18
Segment Performance 3Q FY18
Slide 11: Healthcare
Healthcare 9M 9M Growth 3Q 3Q Growth LKR m FY18 FY17 % FY18 FY17 % Revenue 6,018 5,826 3.3% 2,058 1,786 15.2% EBIT 324 193 68.2% 79 (91) -186.1% EBIT Margin 5.4% 3.3% 3.8% -5.1% Profit for the period 201 91 121.6% 46 (99) -146.2% PAT Margin 3.3% 1.6% 2.2% -5.5% Adjusted PAT* 201 214 -5.9% 46 24 87.8
Slide 12: Healthcare Retail
Healthcare Retail 23 Outlets existing outlets in Colombo, including 11 express outlets Highlights • Continued focus on Beauty and Wellness helped margin expansion • Strong growth in customer footfall driven by loyalty program • Focus more on own brand products for higher margins
Slide 13: FMCG
FMCG 9M 9M Growth 3Q 3Q Growth LKR m FY18 FY17 % FY18 FY17 % Revenue 3,836 3,011 27.4% 1,425 1,113 28.1% EBIT 293 281 4.2% 146 101 44.8% EBIT Margin 7.6% 9.3% 10.2% 9.0% Profit for the period 206 249 -17.4% 105 85 23.0% PAT Margin 5.4% 8.3% 7.4% 7.7% Adjusted PAT* 206 224 -8.2% 105 85 23.0% *Adjuste
Slide 14: Agri
Agri 9M 9M Growth 3Q 3Q Growth LKR m FY18 FY17 % FY18 FY17 % Revenue 5,368 4,738 13.3% 1,602 1,430 12.0% EBIT 1,163 1,183 -1.7% 420 519 -19.0% EBIT Margin 21.7% 25.0% 26.2% 36.3% Profit for the period 1,040 1,014 2.5% 296 466 -36.4% PAT Margin 19.4% 21.4% 18.5% 32.6% Highlights • Tea market NSA is h
Slide 15: Other
Other Energy • Revenue of LKR 100m for 3QFY18 against LKR 23m for the same period last year, due to the commencement of the second power plant • EBIT of LKR 66m for 3QFY18 against LKR 0.2m for the same period last year • Elgin Plant under construction & will be commission in 2QFY18
Slide 16: Additional data for analysts
Additional data for analysts 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q LKR m FY14 FY14 FY15 FY15 FY15 FY15 FY16 FY16 FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 Revenue 3,743 3,982 3,984 4,166 4,072 4,105 4,179 4,341 4,288 4,615 4,621 4,864 4,425 5,115 5,199 5,128 5,235 PAT 415 350 326 225
Slide 17: Outlook
Outlook
Slide 18: Outlook for 4Q FY18
Outlook for 4Q FY18 Healthcare Agri • Rationalization of the cost • Tea NSA higher, better crop structure expected • Further depreciation of LKR is • Palm Oil NSA will be flat, dip in expected crop • Focus on Beauty & Wellness • Next herd of 240 cows are brands to increase margins expected from Aust
Slide 19: 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 20: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php