Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q1 FY24 Earnings Presentation
20 slides from Eureka Forbes's earnings presentation, Aug 8, 2023
Slide 1: Q1 FY24 Earnings Presentation
Q1 FY24 Earnings Presentation August 8, 2023
Slide 2: Disclaimer
Disclaimer The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ with
Slide 3: Q1 FY24 Highlights
• Q1 FY24 Highlights • Key Focus Areas • Eureka Forbes – An introduction
Slide 4: Q1 FY24 Highlights (Standalone Results)
Q1 FY24 Highlights (Standalone Results) Figures in Rs Cr Revenue Adj. EBITDA* Adj. PBT** PAT 505.3 49.6 34.8 22.1 (3.8%) YoY Margin 9.8% +42.6% YoY +23.8% YoY +164bpsYoY * Adj. EBITDA is defined as PBT (before exceptional items) + Finance cost + Depreciation + ESOP charge less other non-operating in
Slide 5: Q1 FY24: Standalone P&L Statement
Q1 FY24 : Standalone P&L Statement Particulars (Rs. Cr) Q1FY24 Q1FY23 YoY (%) Q4FY23 QoQ (%) Revenue 505.3 525.1 -3.8% 508.1 -0.6% Employee Benefit Expenses -71.6 -68.2 5.0% -61.6 16.3% Service Charges -69.9 -77.5 -9.8% -77.1 -9.4% Other Expenses -114.0 -127.8 -10.8% -117.6 -3.1% Drop in Q1FY24 re
Slide 6: Key Trends
Key Trends Revenue Growth (YoY %) Adj. EBITDA % Net debt – INR Cr 216 +164 bps 9.8% 199 9.3% 40.6%* 8.2% 6.3% -2.8% -3.8% 5.4% -8.9% -8.0% 50 4.5% 32 Q1FY23* Q2FY23 Q3FY23 Q4FY23 Q1FY24 FY21 FY22 FY23 Q1FY23 Q4FY23 Q1FY24 Jun-22 Sep-22 Mar-23 Jun-23 (pre-ESOP charge) *Includes impact of low base in
Slide 7: Management Views
Management Views “We made encouraging progress against our key strategic priorities in Q1 FY24. Our recent efforts in growing the category and driving volumes are beginning to bear fruit with overall volume growth in Electric Water Purifiers and Vacuum Cleaners during the quarter. Execution of speci
Slide 8: Key Focus Areas
• Q1 FY24 Highlights • Key Focus Areas • Eureka Forbes – An introduction
Slide 9: Macro environment supportive of growth
Macro environment supportive of growth Growing Low Category Availability & Growth in consciousness on Penetration of the Access to piped Electrification health & hygiene core categories water 96.7% of Indian Jal Jeevan Mission households now Amongst the lowest now covers over 40 connected to the gri
Slide 10: EFL's key strategic priorities for profitable growth
EFL’s key strategic priorities for profitable growth Grow the water purifiers business Drive Lean Cost Structures 01 • Innovation and new product development 04 • Productivity unlocks • Jump shift in distribution • “Zero based” approach to all costs Expand Portfolio Go Digital First 02 • Nurture and
Slide 11: Eureka Forbes – An introduction
• Q1 FY24 Highlights • Key Focus Areas • Eureka Forbes – An introduction
Slide 12: Eureka Forbes: Introduction
Eureka Forbes: Introduction Eureka Forbes: Introduction Electrolux & Shapoorji Advent Tata Group Pallonji Group International Professionally 1982 2002 2022 managed company governed by an Independent Board Joint Venture Subsidiary of a Publicly listed Public Company Company Shareholding 72.56 % Adven
Slide 13: Pioneers & Leaders
Pioneers & Leaders Vacuum cleaners Water purifiers Direct selling
Slide 14: Diversified portfolio
Diversified portfolio Market leaders in water purifiers and vacuum cleaners Wide range of products with state- of-the-art technology Product portfolio catering to both B2C and B2B customers Diversified revenue streams across product and service
Slide 15: Brand strength
Brand strength Strong association of brand Aquaguard with product category High brand health scores Top of mind recall > 65%
Slide 16: Omni channel presence
Omni channel presence Direct sales General trade Modern retail Ecommerce B2B Canteen Stores (CSD)
Slide 17: Extensive service network and strong customer connect
Extensive service network and strong customer connect In home service in over ~ Large active database of customers
Slide 18: EFL Management Team
EFL Management Team Pratik Pota MD & CEO 30+ yrs/~1 yr Jubilant FoodWorks, PepsiCo, Airtel, HUL Ajit Dheer Anurag Kumar Gaurav Khandelwal Mahnaz Shaikh Shubham Srivastava Nithyanand Shankar Suresh Redhu Satish Satyarthi Anirudha Karnataki Chief Operating Chief Growth Chief Financial Chief Human Chie
Slide 19: Contact Us
Contact Us: Corporate Identification No: L27310MH2008PLC188478 Investor e-mail id: Investor.Relations@eurekaforbes.com Website: https://www.eurekaforbes.com/ Regd. & Corporate Office: B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower Parel, Mumbai -400013 EFL BSE Scrip Code : 54348
Slide 20: Thank you
Thank you EUREKA of" FORBES