Whirlpool Of India Limited · NSE:WHIRLPOOL
Whirlpool Of India — Q1 FY2025 Earnings Presentation
29 slides from Whirlpool Of India's earnings presentation, Aug 1, 2024
Slide 1: Cover letter to stock exchanges: Earnings Conference Call presentation
August 01, 2024 he Manager T he Manager T Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Mumbai, Bandra Kurla Complex, Bandra East, Maharashtra- 400001
Slide 2: Welcome to Earnings Conference Call of Whirlpool of India Limited
Welcome to Earnings Conference Call of Whirlpool of India Limited The Call will begin at 04:00 PM 1
Slide 3: Whirlpool of India Limited Corporate Presentation
Whirlpool of India Limited Corporate Presentation August 01, 2024 2
Slide 4: Cautionary Statement
Cautionary Statement This Presentation/Communication, except for the historical information, may contain statements, including the words or phrases such as 'expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should' and similar
Slide 5: Agenda
Agenda Topic I. Business Overview II. Strategic Imperatives III. Financial Performance 4
Slide 6: I. Business Overview
I. Business Overview 5
Slide 7: India: A Strategic Focus For Whirlpool
India: A Strategic Focus For Whirlpool ● India’s huge value creation opportunity is underpinned by future market GDP growth, low appliances penetration and a growing affluent demographic ● Whirlpool India has a track record of value creation ○ Pioneering role in the Indian durables industry and has be
Slide 8: Proven Track Record of Growth and Profitability
Proven Track Record of Growth and Profitability Standalone Revenue from Operations (INR Cr) Revenue CAGR: ~12% until 19-20 Standalone Profit Before Tax (PBT) Impacted by Recovery PBT CAGR: +20% until 19-20 Covid, Cost, comp in H2 Post FY 2019-2020 impacted by COVID shutdowns, intensifying competition
Slide 9: 2023-24 Standalone Business Turns Around in H2 in Flattish Market
2023-24 Standalone Business Turns Around in H2 in Flattish Market Revenue Growth YoY% FY 2023-24 - A Tale of Two Halves - H1 impacted by price adjustments and regulatory cost - H2 driven by new products, executional excellence, cost productivity and market share gains - YOY Gross margin improvement
Slide 10: India: Sustaining the Momentum Thru Apr - Jun
India: Sustaining the Momentum Thru Apr - Jun ● Revenue growth of 24% vs LY ● PBT growth of 128% vs LY ● Strong share gain in triple digits bps vs LY in both Ref and Washers ● Strong growth in Ref industry; Washers yet to recover ● Results from ROI based investments ● Robust P4G (Cost takeout) progr
Slide 11: Apr - June '24 (Q1) Standalone (Whirlpool Of India)
Apr - June ‘24 (Q1) Standalone (Whirlpool Of India) TOPLINE GROWTH ● Revenue from operations up by ~24%. Revenue growth Revenue YoY change driven by strong market share improvement in Ref and Washer vs last year and strong double digit growth in 2,384 Cr +24.0% refrigerators industry — Refrigerators
Slide 12: Improving T2 (Refrigerator & Washers) Market Share Trend
Improving T2 (Refrigerator & Washers) Market Share Trend Oct ’22 - Mar ’23: Apr '23 – Sep ’23: Oct ’23 - Dec ’23: Jan ’24 - Mar ’24: Apr ’24 - May ’24: *Market: Mid Single Digit Growth Flattish Growth Low Single Digit Flattish Growth Low Double Digit Growth Growth Impacted by price index Execution s
Slide 13: Cooking: Strong Performance and Opportunity
Cooking: Strong Performance and Opportunity ELICA INDIA* BUSINESS Revenue Double Digit CAGR, Strong Margins Increased our ownership in Elica India from 49% to ~87% in 2021-22 2022-23 2023-24 2021. ** Strong capabilities in local manufacturing, innovation, Revenue Growth % 21% 22% 8.5% distribution &
Slide 14: II. Strategic Imperatives
II. Strategic Imperatives 13
Slide 15: Our Strategic Imperatives
Our Strategic Imperatives… INSPIRE BUILD A GROW OUR WIN WITH GENERATIONS COMPETITIVE EXCELLENCE IN CONSUMER PRODUCT WITH OUR AND RESILIENT EXECUTION DIRECT LEADERSHIP BRANDS SUPPLY CHAIN BUSINESS 14
Slide 16: Inspire With Our Brands: Our History
Inspire With Our Brands: Our History Introduced Pedestals and Auto Defrost; First 3-Door Platina Range Early Pioneers in Colours and Finishes India’s First VA Heater Whirlpool - A pioneer in India durables industry Detailed T&C available on Company’s website. 15
Slide 17: Strategic Collaboration with Unilever
Strategic Collaboration with Unilever Penetration Driving - Washing Machine and Liquid Detergents and Joint Marketing Announcement made on 12th June Campaign went live on 15th June Whirlpool Corporation Confidential TV Campaign Sampling, OnPack endorsement Co-branded dirt removal campaign Sampling, O
Slide 18: Inspire Trust: Extended Comprehensive Warranty on Washers
Inspire Trust: Extended Comprehensive Warranty on Washers 4 Years Comprehensive Warranty on Semi 5 Years Comprehensive Warranty on Automatic Washing Machine Front Load Fully Automatic Washers 17
Slide 19: Product Leadership: New Product Launches
Product Leadership: New Product Launches Timeless Elegance, Reimagined New DC Glass Door Range 18 18
Slide 20: Dynamix Detergent Dispenser
Dynamix Detergent Dispenser DYNAMIX TECHNOLOGY Hydrodynamic fins vigorously mix the detergent with water, ensuring no detergent coagulation and, hence, offering a supreme wash *Disclaimer: Results based on internal lab tests done on select AceXL with detergent dispenser models experience resulting in
Slide 21: Turbocharging Premiumization Through Elica India's Premium Product Ranges
Turbocharging Premiumization Through Elica India’s* Premium Product Ranges Recent Product Introductions NEW HEXA IND LOTUS SERIES HOBS 4 kW Power Triple burners 20 * Elica PB Whirlpool Kitchen Appliances Private Limited
Slide 22: Excellence in Execution and Creating a Consumer-Centric Service Organization
Excellence in Execution and Creating a Consumer - Centric Service Organization Aim: Win Every Day in Every Store with Every Consumer Strong NPS Improvement 100 Stronger visibility of premium lines and new ranges 50 Right pricing strategy specially on premium lines 0 Stronger sales & service executio
Slide 23: Robust P4G Program Driving Improvement in Margins
Robust P4G Program Driving Improvement in Margins Achieved Bronze for all the three Significant step up in the material manufacturing sites cost productivity actions 22
Slide 24: III. Financial Performance
III. Financial Performance 23
Slide 25: FY 2023-24 Standalone (Whirlpool Of India)
FY 2023-24 Standalone (Whirlpool Of India) TOPLINE GROWTH ● FY Revenue up by ~2% despite soft industry demand Revenue YoY change amidst weak summers. In the second half, revenue was up by 10% vs LY driven by stronger execution and 6,333 Cr +2.0% the effects of product upgrades and innovation, as agai
Slide 26: FY 2023-24 Consolidated (Whirlpool + Elica)
FY 2023-24 Consolidated (Whirlpool + Elica) TOPLINE GROWTH ● FY Revenue up by ~2.4% despite soft industry demand amidst weak summers. In the second half, revenue Revenue YoY change was up by 10% vs LY driven by stronger execution and the effects of product upgrades and innovation, as 6,830 Cr +2.4% a
Slide 27: Q1 2024-25 Consolidated (Whirlpool + Elica)
Q1 ‘2024-25 Consolidated (Whirlpool + Elica) TOPLINE GROWTH Revenue YoY change ● Revenue from operations up by ~22.5%. Revenue growth 2,497 Cr +22.5% driven by strong market share improvement vs last year and double digit growth in refrigerators industry EBITDA MOVEMENT — Refrigerators (high double
Slide 28: Questions
QUESTIONS 27
Slide 29: Thank you
Whirlpool Thank you