Symphony Limited · NSE:SYMPHONY
Symphony — Investor Presentation (November 2022)
52 slides from Symphony's investor presentation, November 2022
Slide 1: Corporate Presentation
Corporate Presentation November 2022 SLIDE 1
Slide 2: Disclaimer: Safe Harbour Statement
Disclaimer Safe Harbour Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectat
Slide 3: Million Air Coolers Sold Worldwide
\. e S - MILLION AIR COOLERS SOLD WORLDWIDE
Slide 4: Contents
Contents 1 Symphony – An Indian MNC 2 Innovative Products Portfolio 3 Investing In New Age Platforms 4 Innovative Marketing Strategies 5 Large Space Venti Cooling 6 Advancing ESG Agenda 7 Financials (FY22 & H1FY23) 8 Shareholding Pattern 4
Slide 5: Symphony – An Indian MNC
\ympheny Refreshing Lives Symphony — An Indian MNC
Slide 6: Symphony – An Indian MNC
Symphony – An Indian MNC Complementing Global Capabilities R&D and design Portfolio: Global brands; Sales & marketing Range of products Value engineering & cost optimization Global Supply Chain Segments: Residential- Operating efficiency Commercial-Industrial Economies of scale spaces Ag
Slide 7: Expanding Market Reach
Expanding Market Reach India Mexico China 4,000 400 3,500 USA China ₹ 11,900 Cr. Australia USA Brazil Mexico Australia Brazil 900 2,100 1,000 & exporting across 60+ countries worldwide 7 Source: Company Data
Slide 8: Innovative Products Portfolio
Innovative Products Portfolio
Slide 9: Wide Portfolio Of Global Brands
Wide Portfolio Of Global Brands 9
Slide 10: Household Coolers
es Household Coolers Refreshing Lives 10
Slide 11: Commercial Coolers
L es Commercial Coolers Refreshing Lives 11
Slide 12: Industrial Coolers
Industrial Coolers Refreshing Lives 12
Slide 13: Products From Our Global Portfolio
Products From Our Global Portfolio Climate Technologies GSK IMPCO 13
Slide 14: Recent Product Launches
Recent Product Launches
Slide 15: Household Products
Household Products Surround Bladeless Surround – i Bladeless Tower Fan Tower Fan 15
Slide 16: Exclusive D2C Products (1/2)
Exclusive D2C Products (1/2) Disney Range Chhota Bheem Range Marvel Range Frozen Chhota Bheem - Sea Ironman Cinderella Chhota Bheem - Beach Spiderman 16
Slide 17: Exclusive D2C Products (2/2)
Exclusive D2C Products (2/2) Deuce 40 Qute 12 Harvy Quark 12 Deuce 25 Qute 8 17
Slide 18: LSV Segment Subsidiaries
LSV Segment Subsidiaries VENTI COOL 10 U R38W Silhouette EAC VENTI COOL 08 U SHV Movil SHV MovilXL 18
Slide 19: Investing in New Age Platforms
Investing in New Age Platforms
Slide 20: Global E-commerce And D2C
Global E-commerce And D2C 01 02 03 04 Platform Product People Next Steps Amazon as a global Exclusive product Focused team driving Scale-up of operations Ecom platform ranges for D2C platform global Ecom and D2C initiatives Omni-channel approach D2C portals launched for India, USA, Mexico Third part
Slide 21: Innovative Marketing Strategies
Innovative Marketing Strategies
Slide 22: AI Based Personalized Campaign
AI Based Personalized Campaign 22
Slide 23: Social Media Integration for outreach
50% 7.4x Social Media Integration for outreach 200% YOY increase in social media reach Increase in user engagement rate 30% Increase in the followers on Instagram ‘Symphony’ searched 7.4 times more 4cr+ than the average search of competition brands on Amazon.com Geo-targeted YouTube campai
Slide 24: Resonating With Target Audience
Resonating With Target Audience 24
Slide 25: Large Space Venti Cooling
\ympheny Refreshing Lives Large Space Venti Cooling
Slide 26: LSV Business Acquiring Momentum
LSV Business Acquiring Momentum Factories Designing & manufacturing in India Educational Institutions Indigenisation of most components Million+ LSV target Warehouses Business Acceleration of product sites – Driving launches (and Religious & public places Growth counting) Accelerated installations B
Slide 27: Product Range
Product Range 27
Slide 28: Media Campaign
Media Campaign 28
Slide 29: Beyond Cooling Campaign
S Large Space Venti-cooting Air cooling + Ventilation to keep your ) Just at 21 70% more enert sq.ft./month* i Large Spac Venti-Cooling JUST AT 21 SO.FT./MONTH* Air cooling + Ventilation to keep your customers fresh, cool, healthy and comfortable Beyond Cooling Campaign Garg Large Space SSN Venti-co
Slide 30: Global Clientele
Nympheny Refreshing Lives 5 § GN Jk PAPER LTD ETHAN SORIANA | LEAR. | PK PAPER LTD. ETHAN
Slide 31: Advancing ESG Agenda
\ympheny Refreshing Lives Advancing ESG Agenda
Slide 32: Driving Sustainability Through Environment Stewardship
Driving Sustainability Through Environment Stewardship Symphony products : ~ 93% lower GHG emissions vis-à-vis equivalent capacity 5-star Air Conditioners A Symphony Cooler saves approx. 14 trees per year BUSINESS ENERGY CONSERVATION THE CORE BELIEF UNPARALLELED DOING COMMITMENT RIGHT FOR Source
Slide 33: Making A Social Impact
Making A Social Impact Driven by ethics, dedication and cause Healthcare 04 Traditional Art Education CSR (Beyond Rated high by 03 PEOPLE 01 The Biggest employees Asset “Cheque Disaster Writing”) Management Hunger, Poverty and Relief, & Malnutritions Rehabilitation 02 Social Equity Fostering creativ
Slide 34: Corporate Governance Philosophy (Beyond Compliances)
Corporate Governance Philosophy (Beyond Compliances) 1 Principles of integrity, transparency and commitment to values 2 Responsible business action and ethical conduct 3 100% Independent Directors in Audit and NRC committees 4 Robust mechanism for regulatory and taxation compliances 5 Continuous mon
Slide 35: Financials
\ympheny Refreshing Lives Financials
Slide 36: FY 2021-22
FY 2021-22
Slide 37: Consolidated: Financials (₹ in Cr. & Margin %)
Consolidated : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 47.0% 44.6% 44.8% Margin 1,103 15% 1,039 900 517 464 400 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA Profit After Tax Margin 19.2% 15.4% 15.5% 16.5% 11.9% 11.7% Margin 212 16% 13% 161 182 139 107 121 FY20 FY21 FY22 F
Slide 38: Consolidated: Robust Profitability of RoW
Consolidated : Robust Profitability of RoW Revenue from Operations (₹ Cr.) EBITDA (₹ Cr.) 1,103 1,039 452 900 212 (41%) 527 33 469 (51%) (15%) 161 (52%) 139 36 82 (26%) (51%) 651 179 (59%) 512 (85%) 431 103 (49%) 79 (48%) (74%) (49%) FY20 FY21 FY22 FY20 FY21 FY22 RoW : Rest of the World 38
Slide 39: Consolidated: Key Financial Metrics
Consolidated : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed Return on Net Worth (Core Business) ₹ 361 Cr. 42% 15% Dividend (₹/share & %) Total Dividend Dividend Pay-out ₹ 63 Cr. 52% 450% 300% 150% 39
Slide 40: Standalone: Financials (₹ in Cr. & Margin %)
Standalone : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 50.2% 48.1% 44.6% Margin 716 31% 641 488 358 234 285 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA Profit After Tax Margin 28.1% 23.9% 17.9% 25.9% 23.0% 17.3% Margin 201 186 116 115 112 111 FY20 FY21 FY22 FY20 FY21 FY22
Slide 41: Standalone: Key Financial Metrics
Standalone : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed Return on Net Worth (Core Business) (Core Business) ₹ 88 Cr. 132% 14% 41
Slide 42: H1 FY 2022-23
H1 FY 2022-23
Slide 43: Consolidated: Financials (₹ in Cr. & Margin %)
Consolidated : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 44.4% 45.1% Margin 603 450 34% 36% 271 199 H1FY22 H1FY23 H1FY22 H1FY23 EBITDA Profit After Tax Margin 11.0% 11.8% 8.0% 10.2% Margin 44% 70% 71 61 49 36 H1FY22 H1FY23 H1FY22 H1FY23 43
Slide 44: Consolidated: Segment Breakup
Consolidated : Segment Breakup Revenue from Operations (₹ Cr.) EBITDA (₹ Cr.) 603 225 71 450 (37%) 8 (12%) 229 49 (51%) 20 (42%) 378 (63%) 63 221 29 (88%) (49%) (58%) H1FY22 H1FY23 H1FY22 H1FY23 RoW : Rest of the World 44
Slide 45: Consolidated: Key Financial Metrics
Consolidated : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed Return on Net Worth (Core Business) ₹ 303 Cr. 23% 18% Dividend (₹/share & %) Total Dividend ₹ 28 Cr. 450% 200% 100% 100% ABC% 100% 45
Slide 46: Standalone: Financials (₹ in Cr. & Margin %)
Standalone : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 47.6% 48.5% Margin 73% 423 77% 244 205 116 H1FY22 H1FY23 H1FY22 H1FY23 EBITDA Profit After Tax Margin 14.2% 17.3% 15.9% 16.6% Margin 111% 81% 73 70 35 39 H1FY22 H1FY23 H1FY22 H1FY23 46
Slide 47: Standalone: Key Financial Metrics
Standalone : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed Return on Net Worth (Core Business) (Core Business) ₹ 21 Cr. 351% 18% 47
Slide 48: Outlook
Outlook 1 Decent visibility of consumer sales in the domestic market and exploring new markets globally 2 Improved performance of Climate Technologies, Australia and IMPCO Mexico 3 Close watch on evolving global economic headwinds which may translate into demand headwinds in some overseas mark
Slide 49: Shareholding Pattern
\ympheny Refreshing Lives Shareholding Pattern
Slide 50: Shareholding Pattern (As on 30/09/22)
Shareholding Pattern (As on 30/09/22) 11.58% Sr. No. Top Domestic Institutional Investors 1 HDFC Mutual Fund 4.03% 2 Axis Mutual Fund 3 ICICI Mutual Fund 11.14% 4 UTI Mutual Fund 5 Franklin Templeton Mutual Fund Sr. No. Top Foreign Portfolio Investors 1 Taiyo Greater India Fund Ltd Public Sector Pen
Slide 51: Glossary
Glossary Gross Margin (%) : % of Revenue from sale of products A&P Expenses : Advertisement and Sales Promotion Expenses : Earnings Before Interest, Tax, Depreciation and Amortization EBITDA (Excludes other income) EBITDA Margin (%) : % of Revenue from operations PAT Margin (%) : % of Revenue from o
Slide 52: www.symphonylimited.com
www.symphonylimited.com MEXICO CHINA AUSTRALIA USA Brazil Impco S de R L de C V Guangdong Symphony Climate Technologies Bonaire USA LLC Symphony Keruilai Air Coolers Co. Ltd. Pty. Ltd. Climatizadores Ltda AYAX 611, Parque No. 3 Hongjin Road, 26 Nylex Avenue 3774, West Cheyenne Av Pedra Branca, 184,