Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q1 FY23 Earnings Presentation
20 slides from Sheela Foam's earnings presentation, Aug 6, 2022
Slide 1: Updated investor presentation filing letter
© sSleepiell 06" August, 2022 To The BSE Limited The National Stock Exchange India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai-400001 Bandra(E), Mumbai-400051 Scrip Code: 540203 NSE Symbol: SFL Subject: Updated investor presentation Dear Sir/Madam Furt
Slide 2: Sheela Foam Ltd. Earnings Presentation Q1-FY23
Sheela Foam Ltd. Earnings Presentation Q1-FY23
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 20-25% Market Share 40% market share in Presence across manufacturers of PU in the Mattresses Australia multiple
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: Q1-FY23 Performance Highlights
Q1-FY23 Performance Highlights Earnings Presentation August 2022 4
Slide 6: Q1-FY23 Financial and Operational Highlights
Q1-FY23 Financial and Operational Highlights Q1-FY23 Operational Highlights • Strong start to the financial year with 32% YoY growth in Revenue from Operations and 69% YoY growth in Profit after Tax • India & Australia operations registered strong growth while Spain’s growth Q1-FY23 Consolidated Fin
Slide 7: Q1-FY23 Geographical Revenues
Q1-FY23 Geographical Revenues SFL India (INR Mn) Australia - Joyce (INR Mn) Spain - Interplasp (INR Mn) Consolidated (INR Mn) 1,103 7,291 6, 000 15. 00% 1, 200 15. 00% 1, 400 15. 00% 8, 000 15. 00% 5,144 1,034 1,225 13. 00% 13. 00% 13. 00% 7, 000 13. 00% 1, 200 1,046 5, 000 1, 000 11. 00% 11. 00% 11
Slide 8: Q1-FY23 Business Segment Revenues
Q1-FY23 Business Segment Revenues Mattresses (INR Mn) Furniture Foam (INR Mn) Technical FoamFoam Technical (INR Mn) Comfort Foam and HC Line (INR Mn) 57.1% 2,195 62.9% 64.8% 627 1,236 1,397 48.8% 1,077 385 750 724 Q1-FY22 Q1-FY23 Q1-FY22 Q1-FY23 Q1-FY22 Q1-FY23 Q1-FY22 Q1-FY23 Mattresses (Volumes in
Slide 9: Raw Material Prices and Gross Margins
Raw Material Prices and Gross Margins TDI & Polyol Price Trend SFL Consolidated Gross Margins (%) 267 227 39.9% 39.8% 217 39.1% 212 37.4% 200 35.5% 210 203 178 174 173 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q1-FY23 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q1-FY23 TDI POLYOL Gross Margins (%) SFL India Australia - J
Slide 10: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (INR Mn) Q1-FY23 Q1-FY22 Y-O-Y Q4-FY22 Q-O-Q Revenue from Operations 5,144 3,257 57.9% 5,637 (8.7)% Operating Expenses 4,695 3,071 52.9% 5,087 (7.7)% EBITDA 449 186 NA 550 (18.4)% EBITDA Margin (%) 8.73% 5.71% 302 Bps 9.76% (103) Bps Other Incom
Slide 11: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY23 Q1-FY22 Y-O-Y Q4-FY22 Q-O-Q Revenue from Operations 7,291 5,513 32.3% 7,636 (4.5)% Operating Expenses 6,633 5,130 29.3% 6,918 (4.1)% EBITDA 658 383 71.8% 718 (8.4)% EBITDA Margin (%) 9.02% 6.95% 207 Bps 9.41% (39) Bps Other In
Slide 12: Historical Financial Overview
Historical Financial Overview Earnings Presentation August 2022 11
Slide 13: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 Q1-FY23 Operational Revenue 18,138 17,548 16,939 21,244 5,144 Operating Expenses 16,302 15,278 14,566 18,906 4,695 EBITDA 1,835 2,270 2,373 2,338 449 EBITDA Margins (%) 10.12% 12.94% 14.01% 11.01% 8.73% Other Income 305
Slide 14: Historical Standalone Balance Sheet
Historical Standalone Balance Sheet PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 ASSETS EQUITY & LIABILITIES Non-current Assets 4,334 5,808 8,497 11,159 Equity 6,691 8,301 10,134 12,095 Property, Plant & Equipment 2,654 2,542 2,536 2,350 (A) Share Capital 244 244
Slide 15: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 Q1-FY23 Operational Revenue 21,414 21,736 24,372 29,818 7,291 Operating Expenses 19,305 18,732 20,730 26,669 6,633 EBITDA 2,109 3,004 3,642 3,149 658 EBITDA Margins (%) 9.85% 13.82% 14.94% 10.56% 9.02% Other Income 276
Slide 16: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 ASSETS EQUITY & LIABILITIES Non-current Assets 4,761 8,870 12,381 15,511 Equity 7,301 9,264 11,932 14,002 Property, Plant & Equipment 3,396 4,204 4,300 4,355 (A) Share Capital 244
Slide 17: 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% 29,818 4, 000 3,642 30. 00% 2,402 2,187 2, 500 25. 00% 3, 500 3,004 3,149 25. 00% 24,372 3, 000 1,943 21,414 21,736 2, 000 20. 00% 20. 00% 2, 500 2,109 14.94% 1
Slide 18: Capital Market Information
Capital Market Information 80% 1-Year Stock Performance (Up to 30th June 2022) 70% 60% 50% 40% 30% 20% 10% 0% -10% Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Sheela Foam Midcap Index Sensex Shareholding Pattern as on 30th June 2022 Price Data as on 30th June,
Slide 19: 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 20: Thank You
THANK YOU Earnings Presentation August 2022 19