Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 9MFY19
Earnings Presentation 9MFY19 12th February 2019
Slide 3: Group Performance
Group Performance
Slide 4: Group at a Glance – 9MFY19 [Apr-Dec]
Group at a Glance – 9MFY19 [Apr-Dec] • LKR 16.7bn in Revenue; +7.3% YoY • LKR 1.3bn PAT; -20.1% YoY • PATMI of LKR 700m; +36.9% YoY Revenue - 1HFY19 Other, • Healthcare revenue; LKR 6.8bn; +12.8% YoY 2% • Agri revenue; LKR 5.2bn; -3.5% YoY FMCG, Healthc 26% ▪ 8.9m kg of palm oil, +5.0% YoY are, 41%
Slide 5: Group at a Glance – 3QFY19 [Oct-Dec]
Group at a Glance – 3QFY19 [Oct-Dec] • LKR 5.8bn in Revenue; +10.6% YoY • LKR 505m PAT; +3.2% YoY • PATMI of LKR 276m; +73.0% YoY Revenue - 3QFY18 Other, • Healthcare revenue; LKR 2.4bn; +15.2% YoY 2% • Agri revenue; LKR 1.7bn; +6.9% YoY FMCG, Healthca 27% re, 41% ▪ 2.7m kg of palm oil, +17.0% YoY L
Slide 6: Group Financial Highlights
Group Financial Highlights 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 16,707 15,563 7.3% 5,792 5,235 10.6% EBIT 2,070 1,989 4.1% 772 697 10.9% EBIT Margin 12.4% 12.8% 13.3% 13.3% PAT 1,309 1,638 -20.1% 505 489 3.2% PAT Margin 7.8% 10.5% 8.7% 9.3% PATMI 700 511 36.9% 276 160 73.0
Slide 7: 3Q Revenue Growth Trend
3Q Revenue Growth Trend • 5 Year CAGR of 9% 5 Yr CAGR: 9% 7,000 0.2 18% 0.18 6,000 5,792 5,235 0.16 5,000 0.14 4,288 4,425 4,072 0.12 4,000 11% LKR m 0.1 3,000 9% 0.08 2,000 0.06 5% 0.04 1,000 3% 0.02 - 0 3QFY15 3QFY16 3QFY17 3QFY18 3QFY19 Revenue Revenue Growth
Slide 8: 3Q Profitability
3Q Profitability 600 9% 9% 9% 0.1 9% 0.09 500 0.08 7% 0.07 400 0.06 LKR m 300 0.05 0.04 200 0.03 0.02 100 0.01 289 391 403 489 505 - 0 3QFY15 3QFY16 3QFY17 3QFY18 3QFY19 PAT PAT Margin • PAT at LKR 505m increased by 3.2% YoY mainly due to higher performance in FMCG sector • Agri margins decrease as
Slide 9: Earnings Contribution 3QFY19
Earnings Contribution 3QFY19 PAT - 3QFY19 PATMI - 3QFY19 Healthcare, 22% Other, 1% Other, 1% Healthcare, 13% FMCG, 31% FMCG, 30% LKR 505m LKR 276m Agri, 56% Agri, 47%
Slide 10: Segment Performance
Segment Performance
Slide 11: Healthcare
Healthcare 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 6,787 6,018 12.8% 2,369 2,058 15.2% EBIT 331 324 2.3% 94 79 19.5% EBIT Margin 4.9% 5.4% 4.0% 3.8% PAT 218 201 8.5% 65 46 41.7% PAT Margin 3.2% 3.3% 2.7% 2.2% Highlights • 3QFY19 Revenue up by 15.2% YoY due to higher sales vol
Slide 12: Healthcare Retail
Healthcare Retail 23 Outlets existing outlets in Colombo, including 11 express outlets Highlights • Continued focus on Wellness helped EBIT margin expansion - 2 bps compared to same period last year • Strong growth in customer footfall and loyalty engagement • Improve operational efficiency • Improv
Slide 13: FMCG
FMCG 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 4,369 3,836 13.9% 1,577 1,425 10.6% EBIT 564 293 92.8% 218 146 50.0% EBIT Margin 12.9% 7.6% 13.8% 10.2% PAT 391 206 90.4% 155 105 47.8% PAT Margin 9.0% 5.4% 9.9% 7.4% Highlights • 3QFY19 Revenue growth of 10.6% YoY on the back of p
Slide 14: Agri – Sector Results
Agri – Sector Results 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 5,179 5,368 -3.5% 1,712 1,602 6.9% EBIT 1,042 1,163 -10.4% 402 420 -4.2% EBIT Margin 20.1% 21.7% 23.5% 26.2% PAT 734 1,040 -29.4% 280 296 -5.3% PAT Margin 14.2% 19.4% 16.4% 18.5% Highlights • Revenue increased by 6
Slide 15: Agri - WATA
Agri - WATA 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 2,322 2,034 14.1% 782 616 26.9% EBIT 911 747 21.9% 282 234 20.5% EBIT Margin 39.2% 36.7% 36.1% 38.0% PAT 673 667 1.0% 196 202 -3.2% PAT Margin 29.0% 32.8% 25.0% 32.8% Highlights • Revenue LKR 782m higher 26.9% YoY coupled wi
Slide 16: Agri - HPL
Agri - HPL 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 2,857 3,551 -19.5% 930 1,203 -22.7% EBIT 131 397 -67.0% 120 167 -28.1% EBIT Margin 4.6% 11.2% 12.9% 13.9% PAT 60 373 -83.8% 85 94 -9.9% PAT Margin 2.1% 10.5% 9.1% 7.8% Highlights • Revenue reduced by 22.7% YoY for 3Q mainly d
Slide 17: Energy
Energy 9M 9M Growth 3Q 3Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 311 204 52.6% 114 100 14.3% EBIT 198 111 78.6% 77 66 16.8% EBIT Margin 63.6% 54.4% 67.4% 65.9% PAT 165 57 191.9% 63 42 50.4% PAT Margin 53.0% 27.7% 55.1% 41.8% Highlights • Revenue increased by 14.3% is mainly due to higher rainf
Slide 18: Additional data for analysts
Additional data for analysts 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q LKR m FY15 FY15 FY16 FY16 FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 FY19 Revenue 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 5,337 5,792 PAT 289 207 314 344
Slide 19: Outlook
Outlook
Slide 20: Outlook for 4Q FY19
Outlook for 4Q FY19 Healthcare Agri • Rupee depreciation to impact • Better Tea NSA due to lower margins supply • Higher volumes growth for • Palm Oil NSA to remain stable molecules under price control • Wage increase will impact • Focus on Beauty & Wellness profitability in 4Q brands to increase ma
Slide 21: 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 22: Thank you
Thank you For more information, Please visit our Investor Relations page http://www.sunshineholdings.lk/investor%20relations/index.php