Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — Q1 FY2019 Earnings Presentation
21 slides from Sunshine's earnings presentation, Aug 9, 2018
Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 1QFY19
Earnings Presentation 1QFY19 09th August 2018
Slide 3: Group Performance
Group Performance
Slide 4: Group at a Glance – 1QFY19 [Apr-June]
Group at a Glance – 1QFY19 [Apr-June] • LKR 5.6bn in Revenue; +8.0% YoY • LKR 343m PAT; -38.8% YoY • PATMI of LKR 192m; -21.6% YoY Revenue – 1QFY19 Other, • Healthcare revenue; LKR 2.2bn; +15.6% YoY 2% FMCG, • Agri revenue; LKR 1.8bn; -7.2% YoY Healthcare, 25% 40% ▪ 2.5m kg of palm oil, -16.9% YoY L
Slide 5: Group Financial Highlights
Group Financial Highlights 1Q 1Q Growth LKR m FY19 FY18 % Revenue 5,578 5,164 8.0% EBIT 600 687 -12.7% EBIT Margin 10.7% 13.3% PAT 343 561 -38.8% PAT Margin 6.2% 10.9% PATMI 192 244 -21.6% EPS (LKR) 1.40 1.79 -21.6%
Slide 6: 1Q Revenue Growth Trend
1Q Revenue Growth Trend • 5 Year CAGR of 9% 5 Yr CAGR: 9% 6,000 5,578 0.16 15% 5,164 0.14 5,000 4,621 4,179 12% 0.12 3,984 4,000 11% 0.1 LKR m 3,000 8% 0.08 0.06 2,000 5% 0.04 1,000 0.02 - 0 1QFY15 1QFY16 1QFY17 1QFY18 1QFY19 Revenue Revenue Growth
Slide 7: 1Q Profitability
1Q Profitability 600 11% 0.12 500 9% 0.1 8% 8% 400 0.08 6% LKR m 300 0.06 200 0.04 100 0.02 326 314 408 561 343 - 0 1QFY15 1QFY16 1QFY17 1QFY18 1QFY19 PAT PAT Margin • PAT at LKR 342m reduced by 39.0% YoY mainly due to lower performance in Agri sector • Agri margins decrease as a result of reduction
Slide 8: Earnings Contribution 1QFY19
Earnings Contribution 1QFY19 PAT - 1QFY19 PATMI - 1QFY19 Other, - Other, - 12% Healthcare, Healthcare, 44% 16% 26% FMCG, 26% LKR 192m LKR 343m FMCG, 22% Agri, Agri, 60% 50%
Slide 9: Segment Performance
Segment Performance
Slide 10: Healthcare
Healthcare 1Q 1Q Growth LKR m FY19 FY18 % Revenue 2,236 1,935 15.6% EBIT 148 136 8.6% EBIT Margin 6.6% 7.0% PAT 87 85 3.3% PAT Margin 3.9% 4.4% Highlights • 1QFY19 Revenue up by 15.6% YoY due to higher sales volume in pharma sub-sector and footfall growth in Retail sub-sector • EBIT margin contracti
Slide 11: Healthcare Retail
Healthcare Retail 23 Outlets existing outlets in Colombo, including 11 express outlets Highlights • Continued focus on Wellness helped EBIT margin expansion –52 bps compared to same period last year • Strong growth in customer footfall – 7% SSS Growth • Higher focus on direct imports to increase mar
Slide 12: FMCG
FMCG 1Q 1Q Growth LKR m FY19 FY18 % Revenue 1,391 1,138 22.2% EBIT 132 69 90.5% EBIT Margin 9.5% 6.1% PAT 90 51 77.0% PAT Margin 6.5% 4.5% Highlights • 1QFY19 Revenue growth of 22.2% YoY on the back of both volume (+8.0%) and price growth (+13.0%) • EBIT margin expanded to 9.5% from 6.1% due to high
Slide 13: Agri – Sector Results
Agri –Sector Results 1Q 1Q Growth LKR m FY19 FY18 % Revenue 1,844 1,988 -7.2% EBIT 287 443 -35.2% EBIT Margin 15.5% 22.3% PAT 204 377 -45.8% PAT Margin 11.1% 19.0% Highlights • Revenue contracted by 7.2% YoY due to lower yield in Palm Oil and drop in Tea NSA • Tea NSA down 1% in 1QFY19 in comparison
Slide 14: Agri - WATA
Agri - WATA 1Q 1Q Growth LKR m FY19 FY18 % Revenue 673 690 -2.4% EBIT 210 301 -30.0% EBIT Margin 31.3% 43.6% PAT 150 273 -45.2% PAT Margin 22.2% 39.5% Highlights • Revenue LKR 673m down 2.4% YoY despite of the NSA increase of 5% YoY • Combined crop had reduced by 9% YoY due to yield cycle which will
Slide 15: Agri - HPL
Agri - HPL 1Q 1Q Growth LKR m FY19 FY18 % Revenue 1,171 1,298 -9.8% EBIT 76 142 -46.4% EBIT Margin 6.5% 10.9% PAT 54 104 -47.6% PAT Margin 4.7% 8.0% Highlights • Revenue reduced by 9.8% YoY is mainly due low crop. • 12% YoY decrease in crop due to unfavorable weather conditions • Tea NSA slightly be
Slide 16: Energy
Energy 1Q 1Q Growth LKR m FY19 FY18 % Revenue 92 41 122.5% EBIT 55 13 334.2% EBIT Margin 59.8% 30.7% PAT 44 3 1567.9% PAT Margin 48.0% 6.4% Highlights • Revenue increased by 122.5% is mainly due to heavy rainfall in catchment areas • Elgin Plant under construction & will be commissioned in end Augus
Slide 17: Additional data for analysts
Additional data for analysts 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q LKR m FY15 FY15 FY15 FY15 FY16 FY16 FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 Revenue 3,984 4,166 4,072 4,105 4,179 4,341 4,288 4,615 4,621 4,864 4,425 5,115 5,164 5,128 5,235 5,673 5,578 PAT 326 225 289 207
Slide 18: Outlook
Outlook
Slide 19: Outlook for 2Q FY19
Outlook for 2Q FY19 Healthcare Agri • 2nd round of drug price controls • Increase in Tea NSA, crop affected • Rupee depreciation to impact by weather margins • Palm Oil NSA to be volatile, • Focus on Beauty & Wellness increase in yield per hectare brands to increase margins with higher brand loyalty
Slide 20: 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 21: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php