Sheela Foam Ltd. · NSE:SFL
Sheela Foam — Q4 FY22 Earnings Presentation
22 slides from Sheela Foam's earnings presentation, May 13, 2022
Slide 1: Sleepwell – Investor presentation filing letter
¢ Sleepwell Date: May 13, 2022 To The Secretary The Manager, (Listing Department) The National Stock Exchange India Limited The BSE Limited Exchange Plaza, Bandra Kurla Complex Phiroze Jeejeebhoy Towers Bandra(E), Mumbai-400051 Dalal Street, Mumbai-400001 BSE Scrip Code: 540203 NSE Symbol: SFL Subje
Slide 2: Sheela Foam Ltd. Earnings Presentation Q4-FY22 / FY22
Sheela Foam Ltd. Earnings Presentation Q4-FY22 / 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 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: Q4-FY22 / FY22 Performance Highlights
Q4-FY22 / FY22 Performance Highlights Earnings Presentation May 2022 4
Slide 6: Q4-FY22 / FY22 Financial and Operational Highlights
Q4-FY22 / FY22 Financial and Operational Highlights Q4-FY22 Consolidated Financial Performance Q4-FY22 Operational Highlights • Operating Environment Remained Challenging due to: o Commodity Inflation and Volatility INR 718 Mn INR 493 Mn INR 10.11 o Demand Slowdown in Discretionary Spend Category Ba
Slide 7: Q4-FY22 / FY22 Geographical Revenues
Q4-FY22 / FY22 Geographical Revenues SFL India (INR Mn) Australia - Joyce (INR Mn) Spain - Interplasp (INR Mn) Consolidated (INR Mn) 8, 000 7,636 7, 000 6, 000 5,340 5,637 5, 000 4, 000 1,070 1,105 930 7,327 3, 000 874 2, 000 1, 000 - Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 C
Slide 8: Q4-FY22 / FY22 Business Segment Revenues
Q4-FY22 / FY22 Business Segment Revenues Mattresses (INR Mn) Furniture Cushioning (INR Mn) Technical FoamFoam Technical (INR Mn) Comfort Foam and HC Line (INR Mn) 2,187 2,096 1,310 1,394 1,340 1,131 719 740 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Q4-FY21 Q4-FY22 Comfort Foam 8,724 Furniture
Slide 9: Raw Material Prices and Gross Margins
Raw Material Prices and Gross Margins TDI & Polyol Price Trend SFL Consolidated Gross Margins (%) 217 39.9% 39.1% 202 206 212 37.5% 37.4% 35.5% 227 210 203 178 183 184 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 TDI POLYOL Gross Margins (%) SFL India Australia - J
Slide 10: Quarterly Standalone Financial Performance
Quarterly Standalone Financial Performance Particulars (INR Mn) Q4-FY22 Q4-FY21 Y-O-Y Q3-FY22 Q-O-Q Revenue from Operations 5,637 5,340 5.6% 6,494 (13.2)% Operating Expenses 5,087 4,638 9.7% 5,787 (12.1)% EBITDA 550 702 (21.7)% 707 (22.2)% EBITDA Margin (%) 9.76% 13.15% (339) Bps 10.89% (113) Bps Ot
Slide 11: Annual Standalone Financial Performance
Annual Standalone Financial Performance Particulars (INR Mn) FY22 FY21 Y-O-Y Revenue from Operations 21,244 16,939 25.4% Operating Expenses 18,906 14,566 29.8% EBITDA 2,338 2,373 (1.5)% EBITDA Margin (%) 11.01% 14.01% (300) Bps Other Income 702 474 48.1% Depreciation 324 325 (0.3)% Finance Cost 71 8
Slide 12: Quarterly Consolidated Financial Performance
Quarterly Consolidated Financial Performance Particulars (INR Mn) Q4-FY22 Q4-FY21 Y-O-Y Q3-FY22 Q-O-Q Revenue from Operations 7,636 7,327 4.2% 8,813 (13.4)% Operating Expenses 6,918 6,486 6.7% 7,863 (12.0)% EBITDA 718 841 (14.6)% 950 (24.4)% EBITDA Margin (%) 9.41% 11.48% (207) Bps 10.78% (137) Bps
Slide 13: Annual Consolidated Financial Performance
Annual Consolidated Financial Performance Particulars (INR Mn) FY22 FY21 Y-O-Y Revenue from Operations 29,818 24,372 22.3% Operating Expenses 26,669 20,730 28.6% EBITDA 3,149 3,642 (13.5)% EBITDA Margin (%) 10.56% 14.94% (438) Bps Other Income 792 502 57.8% Depreciation 808 729 10.8% Finance Cost 16
Slide 14: Historical Financial Overview
Historical Financial Overview Earnings Presentation May 2022 13
Slide 15: Historical Standalone Income Statement
Historical Standalone Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 Operational Revenue 18,138 17,548 16,939 21,244 Operating Expenses 16,302 15,278 14,566 18,906 EBITDA 1,835 2,270 2,373 2,338 EBITDA Margins (%) 10.12% 12.94% 14.01% 11.01% Other Income 305 413 474 702 Depreciation 311 3
Slide 16: 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 17: Historical Consolidated Income Statement
Historical Consolidated Income Statement PARTICULARS (INR Mn) FY19 FY20 FY21 FY22 Operational Revenue 21,414 21,736 24,372 29,818 Operating Expenses 19,305 18,732 20,730 26,669 EBITDA 2,109 3,004 3,642 3,149 EBITDA Margins (%) 9.85% 13.82% 14.94% 10.56% Other Income 276 400 502 792 Depreciation 395
Slide 18: 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 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% 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% 2
Slide 20: Capital Market Information
Capital Market Information 100% 1-Year Stock Performance (Up to 31st March 2022) 80% 60% 40% 20% 0% -20% Apr-21 May-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Sheela Foam Sensex Shareholding Pattern as on 31st March 2022 Price Data as on 31st March, 2022 INR Face
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 May 2022 21