Slide 1: Sunshine
IN Sunshine
Slide 2: Earnings Presentation 1HFY19
Earnings Presentation 1HFY19 08th November 2018
Slide 3: Group Performance
Group Performance
Slide 4: Group at a Glance – 1HFY19 [Apr-Sep]
Group at a Glance – 1HFY19 [Apr-Sep] • LKR 10.9bn in Revenue; +5.7% YoY • LKR 804m PAT; -30.0% YoY • PATMI of LKR 424m; +20.5% YoY Revenue - 1HFY19 • Healthcare revenue; LKR 4.4bn; +11.5% YoY Other, FMCG, 2% • Agri revenue; LKR 3.5bn; -7.9% YoY 26% ▪ 6.2m kg of palm oil, +0.6% YoY LKR 10.9bn ▪ 3.2m
Slide 5: Group at a Glance – 2QFY19 [Jul-Sep]
Group at a Glance – 2QFY19 [Jul-Sep] • LKR 5.3bn in Revenue; +3.4% YoY • LKR 461m PAT; -21.7% YoY • PATMI of LKR 232m; +116.2% YoY Revenue - 2QFY19 Other, • Healthcare revenue; LKR 2.2bn; +7.7% YoY 2% • Agri revenue; LKR 1.6bn; -8.7% YoY FMCG, Healthcare 26% , 41% ▪ 3.7m kg of palm oil, +16.6% YoY L
Slide 6: Group Financial Highlights
Group Financial Highlights 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 10,915 10,328 5.7% 5,337 5,164 3.4% EBIT 1,298 1,292 0.5% 699 606 15.3% EBIT Margin 11.9% 12.5% 13.1% 11.7% PAT 804 1,149 -30.0% 461 588 -21.7% PAT Margin 7.4% 11.1% 8.6% 11.4% PATMI 424 352 20.5% 232 107 116.
Slide 7: 2Q Revenue Growth Trend
2Q Revenue Growth Trend • 5 Year CAGR of 6% 5 Yr CAGR: 6% 6,000 0.25 5,164 5,337 4,864 5,000 4,341 0.2 4,16619% 4,000 0.15 LKR m 3,000 12% 0.1 2,000 6% 0.05 1,000 3% 4% - 0 2QFY15 2QFY16 2QFY17 2QFY18 2QFY19 Revenue Revenue Growth
Slide 8: 2Q Profitability
2Q Profitability 700 11% 0.12 600 0.1 9% 500 8% 7% 0.08 400 LKR m 5% 0.06 300 0.04 200 100 0.02 225 344 517 588 461 - 0 2QFY15 2QFY16 2QFY17 2QFY18 2QFY19 PAT PAT Margin • PAT at LKR 461m reduced by 21.7% YoY mainly due to lower performance in Agri sector • Agri margins decrease as a result of lower
Slide 9: Earnings Contribution 2QFY19
Earnings Contribution 2QFY19 PAT - 2QFY19 PATMI - 2QFY19 Other, 0% Other, - Healthcare, 24% Healthcare, 2% 14% FMCG, 32% LKR 461m FMCG, 35% LKR 232m Agri, 54% Agri, 43%
Slide 10: Segment Performance
Segment Performance
Slide 11: Healthcare
Healthcare 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 4,417 3,960 11.5% 2,181 2,025 7.7% EBIT 237 245 -3.2% 90 109 -17.9% EBIT Margin 5.4% 6.2% 4.1% 5.4% PAT 154 155 -1.2% 66 71 -6.6% PAT Margin 3.5% 3.9% 3.0% 3.5% Highlights • 2QFY19 Revenue up by 7.7% YoY due to higher sales v
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 - 27 bps compared to same period last year • Strong growth in customer footfall and loyalty engagement • Higher focus on direct imports to incr
Slide 13: FMCG
FMCG 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 2,792 2,410 15.8% 1,400 1,272 10.1% EBIT 346 147 135.2% 214 78 174.9% EBIT Margin 12.4% 6.1% 15.3% 6.1% PAT 236 100 134.9% 146 49 194.6% PAT Margin 8.5% 4.2% 10.4% 3.9% Highlights • 2QFY19 Revenue growth of 10.1% YoY on the back of
Slide 14: Agri –Sector Results
Agri –Sector Results 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 3,467 3,766 -7.9% 1,623 1,778 -8.7% EBIT 639 743 -13.9% 353 300 17.5% EBIT Margin 18.4% 19.7% 21.7% 16.9% PAT 453 743 -39.0% 249 366 -32.0% PAT Margin 13.1% 19.7% 15.4% 20.6% Highlights • Revenue contracted by 8.7%
Slide 15: Agri - WATA
Agri - WATA 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 1,540 1,418 8.6% 867 728 19.1% EBIT 628 513 22.5% 418 212 96.8% EBIT Margin 40.8% 36.2% 48.2% 29.1% PAT 478 464 2.9% 328 191 71.3% PAT Margin 31.0% 32.7% 37.8% 26.3% Highlights • Revenue LKR 867m higher 19.1% YoY coupled wit
Slide 16: Agri - HPL
Agri - HPL 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 1,927 2,348 -17.9% 756 1,050 -28.0% EBIT 11 230 -95.2% (65) 88 -173.9% EBIT Margin 0.6% 9.8% -8.6% 8.4% PAT (24) 279 -108.8% (79) 175 -145.1% PAT Margin -1.3% 11.9% -10.4% 16.7% Highlights • Revenue reduced by 28.0% YoY for 2
Slide 17: Energy
Energy 1H 1H Growth 2Q 2Q Growth LKR m FY19 FY18 % FY19 FY18 % Revenue 197 104 89.4% 105 63 67.6% EBIT 121 45 168.9% 66 32 104.0% EBIT Margin 61.4% 43.3% 62.9% 51.6% PAT 102 15 593.9% 58 12 380.0% PAT Margin 51.8% 14.1% 55.1% 19.3% Highlights • Revenue increased by 67.6% is mainly due to heavy rainf
Slide 18: Additional data for analysts
Additional data for analysts 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q LKR m FY15 FY15 FY15 FY16 FY16 FY16 FY17 FY17 FY17 FY17 FY17 FY18 FY18 FY18 FY18 FY19 FY19 Revenue 4,166 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 PAT 225 289 207 314
Slide 19: Outlook
Outlook
Slide 20: Outlook for 3Q FY19
Outlook for 3Q FY19 Healthcare Agri • Rupee depreciation to impact • Increase in Tea NSA due to lower margins supply • Higher volumes growth for • Palm Oil NSA to increased with molecules under price control the depreciation of Rupee • Focus on Beauty & Wellness brands to increase margins with highe
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