Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — Q1 FY2020 Earnings Presentation
14 slides from Sunshine's earnings presentation, Aug 6, 2019
Slide 1: Earnings Presentation 1QFY20
Earnings Presentation 1QFY20 06th August, 2019
Slide 2: Group Performance
Group Performance
Slide 3: Group at a Glance – 1QFY20 [Apr-Jun]
Group at a Glance – 1QFY20 [Apr-Jun] Reported • LKR 5.2bn in Revenue; -6.5YoY • LKR 573m PAT; +67.9YoY • PATMI of LKR 333m; +75.7% YoY Revenue - 1QFY20 Other, • Healthcare revenue; LKR 2.4bn; +10.5% YoY 1% • Agri revenue; LKR 1.4bn; -24.5% YoY FMCG, 25% ▪ 3.3m kg of palm oil, +28.0% YoY Healthcare,
Slide 4: Group at a Glance – 1QFY20, Adjusted for HPL Divestment
Group at a Glance – 1QFY20 [Apr-Jun] Adjusted for HPL Divestment • LKR 4.7bn in Revenue; +6.7YoY • LKR 291m PAT; +1.6YoY Revenue - 1QFY20 Other, • Healthcare revenue; LKR 2.4bn; +10.5% YoY 1% • Agri revenue; LKR 0.9bn; +30.7% YoY FMCG, 28% ▪ 3.3m kg of palm oil, +28.0% YoY Healthcare • Strategic exi
Slide 5: Group Financial Highlights
Group Financial Highlights Reported Excluding HPL LKR m 1Q 1Q Growth 1Q 1Q Growth FY20 FY19 % FY20 FY19 % Revenue 5,210 5,575 -6.5% 4,698 4,404 6.7% EBIT 911 599 52.1% 962 523 84.0% EBIT Margin 17.5% 10.7% 20.5% 11.9% PAT 573 341 67.9% 634 287 121.1% PAT Margin 11.0% 6.1% 13.5% 6.5% PATMI 333 190 75
Slide 6: 1Q Revenue Growth Trend
1Q Revenue Growth Trend • 5 Year CAGR of 6% 5 Yr CAGR: 6% 6,000 15% 12% 11% 5,000 8% 10% 4,000 5% 5% LKR m 3,000 0% 2,000 -7% -5% 1,000 4,179 4,621 5,164 5,575 5,210 - -10% 1QFY16 1QFY17 1QFY18 1QFY19 1QFY20 Revenue Revenue Growth
Slide 7: 1Q Profitability
1Q Profitability 700 12% 11% 600 56111% 573 10% 500 9% 8% 408 400 8% LKR m 341 314 6% 6% 300 4% 200 100 2% - 0% 1QFY16 1QFY17 1QFY18 1QFY19 1QFY20 PAT PAT Margin • Net profit of LKR 573m compared to a profit of LKR321m last year due to; • Improved performance in the healthcare and Agri sectors • One
Slide 8: Segment Performance
Segment Performance
Slide 9: Healthcare
Healthcare 1Q 1Q Growth LKR m FY20 FY19 % Revenue 2,471 2,236 10.5% EBIT 230 148 55.6% EBIT Margin 9.3% 6.6% PAT 141 87 60.8% PAT Margin 5.7% 3.9% Highlights • 1QFY20 Revenue up by 10.5% YoY due to higher sales volume in Medical devices sub-sector despite the footfall degrowth in Retail sub-sector •
Slide 10: Healthcare Retail
Healthcare Retail 22 Outlets existing outlets in Colombo, including 11 express outlets Highlights • Degrowth is EBIT margin due to lower foot fall • Revenue impact was significant in mall centric express stores • Consumer Curtailed spending on non-essentials • Improve operational efficiency • Improv
Slide 11: FMCG
FMCG 1Q 1Q Growth LKR m FY20 FY19 % Revenue 1,311 1,391 -5.8% EBIT 85 132 -35.6% EBIT Margin 6.5% 9.5% PAT 58 90 -36.0% PAT Margin 4.4% 6.5% Highlights • 1QFY20 Revenue contracted due to lower consumer buying power and Easter Sunday attack creating operational and market disturbance • EBIT margin do
Slide 12: Agri
Agri 1Q 1Q Growth LKR m FY20 FY19 % Revenue 880 673 30.7% EBIT 365 210 73.4% EBIT Margin 41.5% 31.3% PAT 260 150 73.7% PAT Margin 29.6% 22.2% Excluding Tea plantation business Highlights • Revenue increased by 30.7% YoY due palm oil sector yield curve shift and improvements made to the fertilizer re
Slide 13: Energy
Energy 1Q 1Q Growth LKR m FY20 FY19 % Revenue 26 92 -72.2% EBIT (22) 55 -139.1% EBIT Margin -84.4% 59.9% PAT (42) 44 -195.7% PAT Margin -165.4% 48.0% Highlights • Revenue decrease by 72.2% YoY due to lower rain falls in the catchment areas and the plant maintenance • Rooftop solar projects in Sunshi
Slide 14: Q&A
Q&A