Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q3 FY22 Earnings Presentation
22 slides from Sheela Foam's earnings presentation, Feb 3, 2022
Slide 1: Cover letter to stock exchanges: investor presentation
Sleepiirli Date: February 3, 2022 To The Secretary The Manager, (Listing Department) The National Stock Exchange India Limited The BSE Limited Exchange Plaza, Bandra Kurla Complex Phiroze Jeej eebhoy Towers Bandra(E), Mumbai-400051 Dalal Street, Mumbai-400001 BSE Scrip Code: 540203 NSE Symbol: SFL S
Slide 2: Sheela Foam Ltd. Earnings Presentation Q3/9M – FY22
Sheela Foam Ltd. Earnings Presentation Q3/9M – FY22
Slide 3: Company Snapshot
Company Experienced Snapshot Management ‘Sleepwell’ mattresses a Backward Integrated household Brand and Player with a wide one of the most trusted product basket brands in India Largest ~23% Market Share in 40% market share in Presence across manufacturers of PU the Mattresses Australia multiple ge
Slide 4: Company Overview
Company Overview • Incorporated in 1971, Sheela Foam is the market leader and the largest manufacturer of Polyurethane Foam (PU) in India. India Operations • The Company manufactures various foam-based home comfort products like mattresses, Furniture cushions, as well as technical grades of polyuret
Slide 5: Q3/9M - FY22 Performance Highlights
Q3/9M - FY22 Performance Highlights Earnings Presentation February 2022 4
Slide 6: Q3/9M-FY22 Financial and Operational Highlights
Q3/9M-FY22 Financial and Operational Highlights Q3-FY22 Consolidated Financial Performance Q3-FY22 Operational Highlights • The lower topline growth in the quarter was driven by a slowdown in INR 950 Mn INR 673 Mn INR 13.81 discretionary spending due to inflationary pressures. Basic/ EBITDA Net Prof
Slide 7: Quarterly and YTD Geographical Revenues
Quarterly and YTD Geographical Revenues SFL India (INR Mn) Australia - Joyce (INR Mn) Spain - Interplasp (INR Mn) Consolidated (INR Mn) 8, 000 8,813 6,494 6,047 7, 000 6, 000 1,210 1,206 5, 000 1,144 1,002 4, 000 3, 000 8,259 2, 000 1, 000 - Q3-FY21 Q3-FY22 Q3-FY21 Q3-FY22 Q3-FY21 Q3-FY22 Q3-FY21 Q3
Slide 8: Quarterly and YTD Business Segment Revenues
Quarterly and YTD Business Segment Revenues Mattresses (INR Mn) Furniture Cushioning (INR Mn) Technical Foam (INR Mn) Comfort Foam (INR Mn) Technical Foam 2,850 1,320 1,390 2,660 1,130 1,060 870 800 Q3-FY21 Q3-FY22 Q3-FY21 Q3-FY22 Q3-FY21 Q3-FY22 Q3-FY21 Q3-FY22 Comfort Foam 6,530 Furniture cushioni
Slide 9: Raw Material Prices and Gross Margins
Raw Material Prices and Gross Margins TDI & Polyol Price Trend SFL Consolidated Gross Margins (%) 43.4% 217 39.9% 39.1% 216 37.5% 206 200 203 35.5% 211 210 212 184 173 Q3-FY21 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 Q3-FY21 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 TDI POLYOL Gross Margins (%) SFL India Australia - J
Slide 10: Quarterly Standalone Income Statement
Quarterly Standalone Income Statement Particulars (INR Mn) Q3-FY22 Q3-FY21 Y-O-Y Q2-FY22 Q-O-Q Revenue from Operations 6,494 6,047 7.4% 5,857 10.9% Operating Expenses 5,787 5,060 14.4% 4,961 16.6% EBITDA 707 987 (28.4)% 896 (21.1)% EBITDA Margin (%) 10.89% 16.32% (543) Bps 15.30% (441) Bps Other Inc
Slide 11: YTD Standalone Income Statement
YTD Standalone Income Statement Particulars (INR Mn) 9M-FY22 9M-FY21 Y-O-Y Revenue from Operations 15,608 11,555 35.1% Operating Expenses 13,820 9,929 39.2% EBITDA 1,788 1,626 10.0% EBITDA Margin (%) 11.46% 14.07% (261) Bps Other Income 551 378 45.8% Depreciation 238 243 (2.1)% Finance Cost 64 64 -
Slide 12: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) Q3-FY22 Q3-FY21 Y-O-Y Q2-FY22 Q-O-Q Revenue from Operations 8,813 8,259 6.7% 7,856 12.2% Operating Expenses 7,863 6,819 15.3% 6,757 16.4% EBITDA 950 1,440 (34.0)% 1,099 (13.6)% EBITDA Margin (%) 10.78% 17.48% (670) Bps 13.99% (321) Bps Oth
Slide 13: YTD Consolidated Income Statement
YTD Consolidated Income Statement Particulars (INR Mn) 9M-FY22 9M-FY21 Y-O-Y Revenue from Operations 22,182 17,027 30.3% Operating Expenses 19,751 14,245 38.7% EBITDA 2,431 2,782 (12.6)% EBITDA Margin (%) 10.96% 16.34% (538) Bps Other Income 634 358 77.1% Depreciation 571 544 5.0% Finance Cost 148 1
Slide 14: Historical Financial Overview
Historical Financial Overview Earnings Presentation February 2022 13
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 9M-FY22 Operational Revenue 18,138 17,548 16,895 15,608 Operating Expenses 16,302 15,278 14,566 13,820 EBITDA 1,835 2,270 2,329 1,788 EBITDA Margins (%) 10.12% 12.94% 13.78% 11.46% Other Income 305 413 518 551 Depreciation 31
Slide 16: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR MN) FY19 FY20 FY21 H1-FY22 PARTICULARS (INR MN) FY19 FY20 FY21 H1-FY22 ASSETS EQUITY & LIABILITIES Non-current Assets 4,334 5,808 8,497 10,008 Equity 6,691 8,301 10,134 11,072 Property, Plant & Equipment 2,654 2,542 2,536 2,454 (A) Share Capital 2
Slide 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 9M-FY22 Operational Revenue 21,414 21,736 24,354 22,182 Operating Expenses 19,305 18,732 20,731 19,751 EBITDA 2,109 3,004 3,623 2,431 EBITDA Margins (%) 9.85% 13.82% 14.88% 10.96% Other Income 276 400 521 634 Depreciation 3
Slide 18: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR MN) FY19 FY20 FY21 H1-FY22 PARTICULARS (INR MN) FY19 FY20 FY21 H1-FY22 ASSETS EQUITY & LIABILITIES Non-current Assets 4,761 8,870 12,381 13,962 Equity 7,301 9,264 11,932 12,935 Property, Plant & Equipment 3,396 4,204 4,579 4,856 (A) Share Capita
Slide 19: Consolidated Financial Performance
Consolidated Financial Performance Revenues (INR Mn) EBITDA (INR Mn) and EBITDA Margins (%) PAT (INR Mn) and PAT Margins (%) 3, 000 30. 00% 24,354 4, 000 3,623 30. 00% 2,402 2, 500 25. 00% 3,004 3, 500 25. 00% 3, 000 1,943 2,431 1,694 2, 000 20. 00% 20. 00% 2, 500 2,109 14.88% 22,182 13.82% 1, 500 1
Slide 20: Capital Market Information
Capital Market Information 100% 1-Year Stock Performance (Up to 31st December 2021) 80% 60% 40% 20% 0% -20% Jan/21 Feb/21 Mar/21 Apr/21 May/21 Jun/21 Jul/21 Aug/21 Sep/21 Oct/21 Nov/21 Dec/21 Sheela Foam Sensex Shareholding Pattern as on 31st December 2021 Price Data as on 31st December, 2021 INR Fa
Slide 21: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 22: Thank You
THANK YOU Earnings Presentation February 2022 21