Synergy House Bhd · MYX:SYNERGY
Synergy House Bhd — Q1 2025 Earnings Presentation
25 slides from Synergy House Bhd's earnings presentation, Jun 10, 2025
Slide 1: Synergy House Berhad 1QFY2025 Analysts & Fund Managers Briefing
Synergy House Berhad 1QFY2025 ANALYSTS & FUND MANAGERS BRIEFING 10 JUNE 2025
Slide 2: Corporate Presentation
CORPORATE PRESENTATION 10 JUNE 2025
Slide 3: Opening Remarks
OPENING REMARKS
Slide 4: Opening Remarks: Resilient Revenue Growth
OPENING REMARKS 04 Resilient Revenue Growth • Revenue grew 5% to RM88.1m, driven mainly BC2 segment - rose 17% to RM51.2m. • B2B segment impacted by geopolitical and tariff uncertainties, prompted businesses to adopt a 'wait-and-see' approach and slowing down ordering activities. This was the main r
Slide 5: Opening Remarks: Operational and Cost Efficiency
OPENING REMARKS 05 Driving Operational And Cost Efficiency • Actively negotiating to optimise major cost components, including freight, storage, fulfilment, and procurement. • Internal cost rationalisation efforts include controls on new hiring, reduction of non-essential expenses, and transitioning
Slide 6: Cross-border e-commerce seller and furniture exporter
We are a cross-border e-commerce seller and furniture exporter that specializes in beautifully designed and affordable ready-to-assemble (RTA) home furniture
Slide 7: When Art Meets Engineering
WHEN ART MEETS ENGINEERING We don’t just build furniture. We engineer beauty.
Slide 8: Synergy House Snapshot
SYNERGY 7 >18 >2,900 HOUSE SNAPSHOT As at 31 March 2025 Markets Marketplaces SKUs RM88.1 million Revenue RM2.4 million PATMI 96.0% Export Revenue 42% - B2B 58% - B2C SEGMENTAL BREAKDOWN
Slide 9: Financial Performance
FINANCIAL PERFORMANCE
Slide 10: Q1FY2025 Financial Review
FINANCIAL PERFORMANCE 010 Q1FY2025 Financial Review Q1FY25 Revenue Driven By B2C Segment; Profitability Impacted By FYE 31 Dec FY24 Higher Operational Expenses Q1FY25 Q1FY24 % chg (RM mil) (Audited) • Q1FY25 Revenue rose 5.3% to RM88.1m, mainly driven by: B2C sales increased to RM51.2m (+17%), qua
Slide 11: Q1FY2025 Revenue and Segmental Movement
FINANCIAL PERFORMANCE 011 Q1FY2025 Financial Review REVENUE (RM mil) MOVEMENT IN SEGMENTAL REVENUE (RM MIL) Q1 FY2025: RM88.1 million (Q1 FY2024: RM83.7 million) YoY B2B 5.3% B2C 17.2% B2C 88.1 7.5 88.1 83.7 -3.1 7.8% 83.7 B2B 51.2 43.7 40.0 36.9 Q1FY2024 Q1FY2025 Q1FY2024 Q1FY2025
Slide 12: Quarterly Performance Review
FINANCIAL PERFORMANCE 012 Quarterly Performance Review Record Quarterly Revenue of RM88.1m; PATMI RM2.4m in RM mil 117.4 Q1FY25 114.0 90.8 83.7 88.1 • Q1FY25 revenue rose 5.3% YoY, driven B2C segment REVENUE 77.4 69.2 B2B: Revenue decreased 7.8% YoY – Contributions from Europe and 51.6 55.6 certai
Slide 13: Financial Position
FINANCIAL PERFORMANCE 013 Financial Position Balance sheet remains healthy RM MIL 31 Mar 2024 31 Dec 2024 % chg (Unaudited) (Audited) • Net gearing remained steady at 0.10x as at end-March 2025 Cash & bank balances and liquid short-term investments stood at Non-Current Assets 66.3 66.2 + 0.2% RM59
Slide 14: Revenue Performance by Segment (FY20 – Q1FY25)
FINANCIAL PERFORMANCE 014 Revenue Performance by Segment (FY20 – Q1FY25) B2B B2C 193.99 • ROBUST B2C GROWTH: B2C contribution to Group revenue surged from 4% in FY20 to 58% in Q1FY25, reflecting the Group’s focused efforts in expanding direct-to-consumer sales channel. 121.7 49% • STRATEGIC FOCUS ON
Slide 15: Group Revenue Performance by Region Q1FY2025
FINANCIAL PERFORMANCE 015 Group Revenue Performance by Region (B2B & B2C) – Q1FY2025 B2B SEGMENT REVENUE Q1FY2025 B2C SEGMENT RM88.1 Mil 51.2 36.9 45.5% 71.6% 40.6% 12.8% 21.4% 6.9% 0.0% 1.1% 0.0% 0.0% North America Europe Asia (Exclude Malaysia) Malaysia Oceania
Slide 16: Group Performance by Region (B2C)
FINANCIAL PERFORMANCE 016 Group Performance by Region (B2C) REVENUE (RM mil) 140.0 • Commenced selling in 2020 through Wayfair 104.0 • Largest market for furniture e-commerce globally +167% • CAGR 228.65% over 4 years 39.0 34.0 14.4 1.2 2020 2021 2022 2023 2024 2025 (Q1) • Commenced selling in 2022
Slide 17: Group Performance by Region (B2C)
FINANCIAL PERFORMANCE 017 Group Performance by Region (B2C) REVENUE (RM mil) 34.2 +298% • Commenced selling in 2022 • FY24 sales has been increased by 298% as compared to FY23 8.6 9.0 0.2 • CAGR 1,207.67% over 2 years 2022 2023 2024 2025 (Q1) 0.8 • Commenced selling in 2023 +2567% 0.4 • FY24 sales h
Slide 18: Continue Scaling Up with Wayfair: Wayfair Verified
CONTINUE SCALING UP WITH WAYFAIR 018 Wayfair Verified Stamp Benefits: "Wayfair Verified" Builds customer trust and confidence, driving higher A New Standard of conversion rates Confidence in Home Shopping Increases product visibility, improving discoverability The Wayfair Verified program showcases
Slide 19: Continue Scaling Up with Wayfair
CONTINUE SCALING UP WITH WAYFAIR 019 Enhanced visibility Target specific Others: 1) Continue ensuring high product ratings and improve on customer reviews and feedback.
Slide 20: Market Opportunities and Prospects
MARKET OPPORTUNITIES AND PROSPECTS 020 Global furniture e-commerce sales projected to grow BOUNDLESS GROWTH AHEAD: to USD147.6 billion in 2025 from USD128.3 billion in 2024 TAPPING INTO A USD 87 BILLION(3) MARKET 15% Global Furniture 147.56 Furniture e-commerce E-commerce Sales(1) market for USA and
Slide 21: Key Takeaways
KEY TAKEAWAYS
Slide 22: Key Takeaways
KEY TAKEAWAYS 022 Resilient Revenue Growth Navigating Tariff Headwinds While Unlocking Opportunities Driving Operational And Cost Efficiency Maintaining Strategic and Unwavering Direction Amid Market Uncertainties`
Slide 23: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumpti
Slide 24: Q&A Session
Q&A SESSION SYNERGY HOUSE BERHAD Lot 19.A, Level 19, Top Glove Tower No. 16, Persiaran Setia Dagang Bandar Setia Alam, Seksyen U13 40170 Shah Alam Selangor, Malaysia Tel : +6017-366 3426 Email: info@synergy-house.com
Slide 25: Thank You
THANK YOU SYNERGY HOUSE BERHAD Lot 19.A, Level 19, Top Glove Tower No. 16, Persiaran Setia Dagang Bandar Setia Alam, Seksyen U13 40170 Shah Alam Selangor, Malaysia Tel : +6017-366 3426 Email: info@synergy-house.com