Innature Bhd · MYX:INNATURE

Innature Bhd — Q2 2024 Earnings Presentation

25 slides from Innature Bhd's earnings presentation, Aug 27, 2024

  1. Slide 1: 2Q2024 Results

    2Q2024 RESULTS 27 AUGUST 2024

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation contains certain forward looking statements with respect to InNature Berhad’s (“InNature”) financial condition, results of operations and business, and management’s strategy, plans and objectives for InNature. These statements include, without limitation, those that expr

  3. Slide 3: Content

    CONTENT I. HIGHLIGHTS II. 2Q2024 FINANCIAL PERFORMANCE III. 1H2024 FINANCIAL PERFORMANCE IV. FINANCIAL POSITION & CASHFLOW V. NEXT STEPS

  4. Slide 4: 1H2024 at a Glance

    1H2024 AT A GLANCE RM62.8m RM141.8m Revenue 67.0% Net assets as at 30.6.2024, with cash GP margin balance of  5.1% reported 1H2023: 68.5%  8.0% same store RM49.7m 119 RM4.1m Net Cash Retail + pop-up stores as at 30.6.2024 Core PAT (2) Net gearing ratio (1)  2 vs 31.12.2023 6.6% of revenue 6.5% RM

  5. Slide 5: Content

    CONTENT I. HIGHLIGHTS II. 2Q2024 FINANCIAL PERFORMANCE III. 1H2024 FINANCIAL PERFORMANCE IV. FINANCIAL POSITION & CASHFLOW V. NEXT STEPS

  6. Slide 6: 2Q2024 Revenue

    2Q2024 REVENUE 2Q2024 Weightage YoY change YoY change YoY change Revenue RM’000 % same store constant currency reported Malaysia 25,155 80.3% -8.0% -5.5% -5.5% Vietnam 5,376 17.2% -14.0% -6.7% -13.1% Cambodia 774 2.5% -20.0% -19.0% -19.0% Group Total 31,305 100.0% -9.4% -6.1% -7.2% • Challenging ret

  7. Slide 7: 2Q2024 Revenue

    2Q2024 REVENUE Quarterly Revenue Malaysia Vietnam Cambodia YoY % RM’000 -3.9% -2.9% 50,000 -7.2% 0.0% -9.2% -9.0% -14.7% -10.0% 40,000 902 923 955 858 868 774 -20.0% 7,877 30,000 6,185 5,127 6,839 6,705 5,376 -30.0% 20,000 -40.0% 24,663 26,607 26,038 28,351 25,155 10,000 23,912 -50.0% - -60.0% 1Q202

  8. Slide 8: 2Q2024 Revenue: Digital Channels

    2Q2024 REVENUE Revenue from digital channels Digital channels Contribution % RM’000 2,500 6.4% 6.7% 2,000 5.3% 4.4% 1,500 3.4% 5.0% 3.1% 1,000 500 - 0.0% 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 • Digital channels gaining traction, both in absolute amount & revenue contribution.

  9. Slide 9: 2Q2024 Financial Results

    2Q2024 FINANCIAL RESULTS RM'000 2Q2024 % Revenue 2Q2023 % Revenue Change % Revenue 31,305 100.0% 33,747 100.0% -7.2% • GP declined, led by Gross Profit 20,738 66.2% 22,843 67.7% -9.2% lower topline and Operating Expenses (19,076) -60.9% (20,118) -59.6% -5.2% reduced margin Operating Profit 1,662 5.3

  10. Slide 10: 2Q2024 Operating Expenses

    2Q2024 OPERATING EXPENSES RM'000 2Q2024 % Revenue 2Q2023 % Revenue Change % Operating Expenses (19,076) -60.9% (20,118) -59.6% -5.2% (1) Rental (5,668) -18.1% (5,606) -16.6% 1.1% Staff (8,980) -28.7% (9,986) -29.6% -10.1% Distribution (581) -1.9% (657) -1.9% -11.6% Marketing (1,191) -3.8% (881) -2.6

  11. Slide 11: 2Q2024 Financial Results by Market

    2Q2024 FINANCIAL RESULTS BY MARKET 2Q2024 2Q2023 Malaysia Vietnam Cambodia Group Malaysia Vietnam Cambodia Group Change RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 % Segment Revenue Sales to external customers 25,155 5,376 774 31,305 26,607 6,184 955 33,746 -7.2% Segment Results Core EBI

  12. Slide 12: Content

    CONTENT I. HIGHLIGHTS II. 2Q2024 FINANCIAL PERFORMANCE III. 1H2024 FINANCIAL PERFORMANCE IV. FINANCIAL POSITION & CASHFLOW V. NEXT STEPS

  13. Slide 13: 1H2024 Revenue

    1H2024 REVENUE 1H2024 Weightage YoY change YoY change YoY change Revenue RM’000 % same store constant currency reported Malaysia 49,067 78.2% -7.0% -4.3% -4.3% Vietnam 12,081 19.2% -10.9% -4.8% -7.2% Cambodia 1,642 2.6% -15.5% -15.0% -12.6% Group Total 62,790 100.0% -8.0% -4.7% -5.1% • Revenue trend

  14. Slide 14: 1H2024 Financial Results

    1H2024 FINANCIAL RESULTS RM'000 1H2024 % Revenue 1H2023 % Revenue Change % Revenue 62,790 100.0% 66,171 100.0% -5.1% • GP declined, led by Gross Profit 42,085 67.0% 45,340 68.5% -7.2% lower topline and Operating Expenses (37,684) -60.0% (39,256) -59.3% -4.0% reduced margin Operating Profit 4,401 7.0

  15. Slide 15: 1H2024 Operating Expenses

    1H2024 OPERATING EXPENSES RM'000 1H2024 % Revenue 1H2023 % Revenue Change % Operating Expenses (37,684) -60.0% (39,256) -59.3% -4.0% (1) Rental (11,385) -18.1% (11,037) -16.7% 3.2% Staff (17,479) -27.8% (19,686) -29.8% -11.2% Distribution (1,204) -1.9% (1,247) -1.9% -3.4% Marketing (2,234) -3.6% (1,

  16. Slide 16: 1H2024 Financial Results by Market

    1H2024 FINANCIAL RESULTS BY MARKET 6 months ended 30.6.2024 6 months ended 30.6.2023 Malaysia Vietnam Cambodia Group Malaysia Vietnam Cambodia Group Change RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 % Segment Revenue Sales to external customers 49,067 12,081 1,642 62,790 51,270 13,023 1

  17. Slide 17: Content

    CONTENT I. HIGHLIGHTS II. 2Q2024 FINANCIAL PERFORMANCE III. 1H2024 FINANCIAL PERFORMANCE IV. FINANCIAL POSITION & CASHFLOW V. NEXT STEPS

  18. Slide 18: 1H2024 Financial Position

    1H2024 FINANCIAL POSITION 0 4 24 02 2 4 4 4 24 2 04 2 0 02 R assets as t er assets ire p rc ase et assets ot er oodwill nventories t er lia ili es R lia ili es • Balance sheet remains net cash

  19. Slide 19: Cash Generative Business

    CASH GENERATIVE BUSINESS Net Operating Cashflow, Dividend & Capex Paid RM’000 37,690 35,741 29,528 22,528 17,647 17,647 19,359 14,118 7,059 6,181 7,180 7,059 1,677 3,444 1,610 2020 2021 2022 2023 1H2024 Net operating cashflow Dividend paid Capex paid • Flexibility in capital management & dividend po

  20. Slide 20: Content

    CONTENT I. HIGHLIGHTS II. 2Q2024 FINANCIAL PERFORMANCE III. 1H2024 FINANCIAL PERFORMANCE IV. FINANCIAL POSITION & CASHFLOW V. NEXT STEPS

  21. Slide 21: Outlook

    OUTLOOK Challenging conditions Remain committed to New F&B business to may persist, but year- optimizing retail store contribute positively end holiday season to network & to the Group’s boost final quarter’s accelerating digital performance performance channels

  22. Slide 22: Supplementary Information

    SUPPLEMENTARY INFORMATION

  23. Slide 23: Retail Store Network

    RETAIL STORE NETWORK Malaysia Vietnam Cambodia Group Retail stores at 1.1.2024 76 36 3 115 Opening - 2 - 2 Closure (2) (1) - (3) Retail stores at 30.6.2024 74 37 3 114 Pop-up stores at 30.6.2024 1 4 - 5 Retail + pop-up stores at 30.6.2024 75 41 3 119

  24. Slide 24: Retail Store by Type

    RETAIL STORE BY TYPE Malaysia Vietnam Cambodia Group Mall 72 21 3 95 Department store 1 4 - 5 High street 1 9 - 11 Airport - 3 - 3 Retail stores at 30.6.2024 74 37 3 114 Pop-up stores at 30.6.2024 1 4 - 5 Retail + pop-up stores at 30.6.2024 75 41 3 119

  25. Slide 25: Thank You

    THANK YOU

InNature Berhad — Q2 2024 Earnings Presentation on 6ix