Eureka Forbes Limited · NSE:EUREKAFORB
Eureka Forbes — Q2 FY25 Earnings Presentation
35 slides from Eureka Forbes's earnings presentation, Nov 8, 2024
Slide 1: Exchange intimation letter on results press release and presentation
November 07, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 543482 Scrip ID: EUREKAFORB Symbol: EUREKAFORB Ref.: EFL/BSE/2024-25/61 R
Slide 2: Press Release: Financial Results for Q2 FY25
PRESS RELEASE Mumbai, November 07, 2024 Financial Results for Q2 FY25 Transformation gathers momentum; continuing business grew 14.7% YoY, led by product business growth in excess of 20% YoY; PAT growth of 83% YoY, driven by EBITDA margin expansion of 106bps YoY Eureka Forbes Limited, one of India’s
Slide 3: About Eureka Forbes and Safe Harbor Statement
About Eureka Forbes: Eureka Forbes Limited is India’s leading health and hygiene brand. With over four decades of existence, it is today a multi-product and an omni-channel organization. Eureka Forbes’ product portfolio encompasses water purification, vacuum cleaning and air purification. It has dir
Slide 4: Q2 FY25 Earnings Presentation
Q2 FY25 Earnings Presentation November 07, 2024
Slide 5: Disclaimer
Disclaimer The statements contained in this document speak only as at the date as of which they are made and certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ with
Slide 6: Q2 FY25 Highlights, H1 FY25 Summary, Overview
Q2 FY25 Highlights H1 FY25 Summary Overview Eureka Forbes Industry 3
Slide 7: Q2 FY25 Highlights (Standalone Results)
Q2 FY25 Highlights (Standalone Results) Q2 FY25 Q2 FY24 YoY Revenue Rs. 672.9Cr Rs. 592.3Cr +13.6% Continuing Business^ - - +14.7% 012262 Adj. EBITDA* Rs. 77.5Cr Rs. 62.0Cr +25.1% Adj. EBITDA Margin* 11.5% 10.5% +106bps Adj. PBT** Rs. 65.1Cr Rs. 47.8Cr +36.2% PAT Rs. 46.7Cr Rs. 25.5Cr +83.2% ^ Exclu
Slide 8: Q2 FY25 Standalone P&L Statement
Q2 FY25 Standalone P&L Statement Particulars (Rs. Cr) Q2 FY25 Q2 FY24 YoY (%) Q1 FY25 QoQ (%) Revenue 672.9 592.3 13.6% 552.8 21.7% Employee Benefit Expenses 78.0 74.7 4.5% 76.0 2.6% Service Charges 72.3 82.0 -11.8% 69.1 4.6% Other Expenses 150.7 121.2 24.3% 125.8 19.7% Total Expenses 301.0 277.8 8.
Slide 9: Revenue: Fourth successive quarter of double-digit growth
Revenue : Fourth successive quarter of double-digit growth^ Revenue Growth 16.8% 14.7% 11.4% 10.8% 14.1% 13.6% 9.4% 4.8% 012262 8.8% 3.0% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Reported Continuing Business^ Continuing business grew 14.7% YoY; growth driven by volume & mix Products business grew
Slide 10: Product: Upgrade Campaign – Change To The New Aquaguard
Product : Upgrade Campaign – “Change To The New Aquaguard” 012262 Print Campaign TV Campaign Click on the image to view the video 7
Slide 11: Product: Digital Influencer & Buyback / Cashback Offer Campaign
Product : Digital Influencer & Buyback / Cashback Offer Campaign 012262 Digital Influencer Campaign Buyback / Cashback Offer Campaign 8
Slide 12: VC: New launches in Robotics & Uprights
VC : New launches in Robotics & Uprights 012262 Forbes Kordless Uprights – K20 Super Forbes SmartClean Home Mapping Nuo Forbes SmartClean Auto Bin Silent and K10 Lite Quick Home Mapping In 5 Mins Hands-free Dust Cleaning Up To 65 Days Affordable Cordless Uprights 9
Slide 13: Air Purifier: Launched New Smart Range
Air Purifier : Launched New Smart Range 012262 Forbes Air Purifiers - 500 and 355 Surround 3600 Smart Purifies Indoor Air In 10 Mins; Smart App Control With WiFi Connectivity 10
Slide 14: NSE listing
NSE listing 012262 Listing date: 11th September 2024 || NSE Scrip Symbol: EUREKAFORB 11
Slide 15: Adj. EBITDA Margin: Expanded 106bps with 40.1% increase in A&SP spends
Adj. EBITDA Margin* : Expanded 106bps with 40.1% increase in A&SP spends Adjusted EBITDA Margin* % 11.5% 11.5% 11.2% 10.5% 012262 9.8% Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Adjusted EBITDA Margin expanded 106bps YoY, driven by operating leverage and structured cost optimization program Step up
Slide 16: Net Debt: Stable cash position
Net Debt : Stable cash position Net Surplus / (Debt) (Rs Cr) 119 108 60 60 012262 9 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Credit rating : CARE A+ Stable 13
Slide 17: Management Views
Management Views “Our transformation efforts continued to gain momentum with a strong Mr. Pratik Pota performance in Q2 FY25. MD & CEO Driven by a range of innovations across both Water and Cleaning, increased marketing investments and onset of an earlier festive season, we delivered a 14.7% continu
Slide 18: Q2 FY25 Highlights, H1 FY25 Summary, Overview
Q2 FY25 Highlights H1 FY25 Summary Overview Eureka Forbes Industry 15
Slide 19: H1 FY25 Standalone P&L Statement
H1 FY25 Standalone P&L Statement Particulars (Rs. Cr) H1 FY25 H1 FY24 YoY (%) Revenue 1,225.7 1,097.6 11.7% Employee Benefit Expenses 154.0 146.3 5.3% Service Charges 141.4 151.9 -6.9% Other Expenses 276.5 235.1 17.6% Total Expenses 571.9 533.3 7.2% Total Expenses % of Revenue 46.7% 48.6% -193bps Ad
Slide 20: Q2 FY25 Highlights, H1 FY25 Summary, Overview
Q2 FY25 Highlights H1 FY25 Summary Overview Eureka Forbes Industry 17
Slide 21: Eureka Forbes: Overview
Eureka Forbes: Overview Electrolux & Shapoorji Pallonji Advent Tata Group Group International Professionally managed 2002 2022 012262 1982 company governed by an Independent Board Joint Venture Subsidiary of a Publicly listed Public Company Company Shareholding 62.56 % Advent International 18
Slide 22: Pioneers & Leaders
Pioneers & Leaders Vacuum Cleaners Water Purifiers Direct Selling 19
Slide 23: Diversified Portfolio
Diversified Portfolio Market leaders in Water Purifiers and Vacuum Cleaners Wide range of products with state- of-the-art technology Product portfolio catering to both B2C and B2B customers Diversified revenue streams across product and service 20
Slide 24: One of the strongest consumer brands in India
: One of the strongest consumer brands in India Universal Brand Awareness and Consideration 40 Years of Unconditional Trust and Acceptance Click on the image to view the video 21
Slide 25: Omni Channel Presence
Omni Channel Presence • Direct Sales • General Trade • Modern Retail • Ecommerce • D2C • B2B • Canteen Stores (CSD) 22
Slide 26: Extensive Service network and strong customer connect
Extensive Service network and strong customer connect 19,500 ~14 23
Slide 27: Q2 FY25 Highlights, H1 FY25 Summary, Overview
Q2 FY25 Highlights H1 FY25 Summary Overview Eureka Forbes Industry 24
Slide 28: Macro factors supportive of growth
Macro factors supportive of growth 012262 Growing incomes Urbanization Working Women Middle class fastest By 2036, 40% of Indians Female Labour Force growing segment of the will live in towns and Participation Rate population; cities, up from 31% in increased to from 33% in 1 2 3 1 Billion by 2047 2
Slide 29: Macro factors supportive of growth (cont.)
Macro factors supportive of growth (cont.) 012262 Piped Water Electrification Unpredictable Increasing Importance Given To Health & Domestic Help Hygiene 2 Went up from 16.8% in 96.7% Households 2019 to 77.2% Households Need For Convenient Increased Frequency Of 1 Back Up in 2024 Cleaning Homes Post
Slide 30: Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P
Water Purifier Industry to grow at ~13% CAGR during FY23-FY30P Water Purifier Penetration (CY2022) Water Purifier Industry – Products (Rs Cr) South Korea 13% CAGR 10,200 60% Penetration % China 012262 21% 4,350 India Thailand 6% 20% Per Capita (‘000$) FY2023 FY2030P Key tailwinds Growing awareness a
Slide 31: Water Purifier Services to become a Rs 9,000 Cr market by FY30P
Water Purifier Services to become a Rs 9,000 Cr market by FY30P Water Purifier Industry – Service (Rs Cr) 14% CAGR 9,000 012262 3,660 FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (reproduced with permission) 28
Slide 32: Vacuum Cleaner Market to triple by FY30P
Vacuum Cleaner Market to triple by FY30P Vacuum Cleaner Penetration Vacuum Cleaner Industry (Rs Cr) 17% CAGR Japan 1,548 90% Hong Kong 80% 012262 Penetration % 509 China 20% India 2% Per Capita (‘000$) FY2023 FY2030P Source: Consumer Market Purification Devices in India – A Whitepaper by Technopak (
Slide 33: Rising demand for Air Purifiers amid deteriorating air quality
Rising demand for Air Purifiers amid deteriorating air quality Global Air Quality Index (AQI*) (CY2022) Air Purifier Industry (Rs Cr) ^ 83 out of 100 most polluted cities globally are in India, exceeding WHO’s air quality guidelines by more than 10 times 108 18% CAGR 749 012262 71 49 34 36 30 31 31
Slide 34: Contact Us
Contact Us Corporate Identification No: L27310MH2008PLC188478 Regd. & Corporate Office: B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013 Website: https://www.eurekaforbes.com/ Investor e-mail id: [email protected] EFL BSE Scrip Code : 54348
Slide 35: Thank You
THANK YOU EUREKA ct FORBES