Symphony Limited · NSE:SYMPHONY
Symphony — Investor Presentation (February 2023)
56 slides from Symphony's investor presentation, February 2023
Slide 1: Corporate Presentation
Corporate Presentation February 2023 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 & 9M FY2023) 8 Shareholder Pay-out Policy 9 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: High-tech BLDC Household Air Cooler Range
High-tech BLDC Household Air Cooler Range (Globally first time in Air Cooler) Constant performance independent of voltage variations Diet 3D 55B Diet 3D 30B Winter 80B *Under test conditions 15
Slide 16: Household Products
Household Products Surround Bladeless Surround – i Bladeless Tower Fan Tower Fan 16
Slide 17: Exclusive D2C Products
Exclusive D2C Products 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
Consolidated : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 47.1% 44.8% 45.1% Margin 1,103 15% 1,039 900 520 468 403 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA Profit After Tax Margin 19.2% (23.0%*) 15.4% (18.3%*) 15.5% (18.6%*) 16.5% 11.9% 11.7% Margin 212 16% 13% 161 182 1
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
Standalone : Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 50.3% 48.3% 45.0% Margin 716 31% 641 488 360 236 289 FY20 FY21 FY22 FY20 FY21 FY22 EBITDA Profit After Tax Margin 28.1% (32.5%*) 23.9% (29.1%*) 17.9% (22.5%*) 25.9% 23.0% 17.3% Margin 201 186 116 115 112 111 FY2
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: 9M FY 2022-23
9M FY 2022-23
Slide 43: Consolidated Financials: 9M FY23
Consolidated Financials : 9M FY23 PBT Other Income ₹ 129 cr. (▲65%) Gross Margin* ₹ 40 cr. (▲65%) 15% Margin ₹ 394 cr. (▲35%) PAT 45% Margin EBITDA ₹ 100 cr. (▲76%) ₹ 115 cr. (▲46%) 11% Margin 13% Margin Tax exp. Non-operating exp.^ ₹ 29 cr. ₹ 26 cr. (▲5%) Revenue from operations Employee benefit ex
Slide 44: Consolidated Financials
Consolidated Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 44.4% 44.7% Margin 880 35% 394 655 34% 291 9M FY22 9M FY23 9M FY22 9M FY23 EBITDA Profit After Tax Margin 12.0% (15.2%*) 13.1% (16.9%*) 8.6% 11.3% Margin 46% 76% 115 100 79 57 9M FY22 9M FY23 9M FY22 9M FY23 *EB
Slide 45: Consolidated: Key Financial Metrics
Consolidated : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed* Return on Net Worth (Core Business) (Core Business) ₹ 277 Cr. 40% 20% 450% 200% 100% 100% ABC% 100% *Not annualized 45
Slide 46: Standalone Financials: 9M FY23
Standalone Financials : 9M FY23 PBT Other Income ₹ 160 cr. (▲81%) Gross Margin* ₹ 35 cr. (▲35%) 25% Margin ₹ 307 cr. (▲69%) PAT 48% Margin EBITDA ₹ 122 cr. (▲79%) ₹ 129 cr. (▲92%) 19% Margin 20% Margin Tax exp. Non-operating exp.^ ₹ 38 cr. ₹ 4 cr. (▼10%) Revenue from Employee benefit exp. operations
Slide 47: Standalone Financials
Standalone Financials (₹ in Cr. & Margin %) Revenue from Operations Gross Margin 46.4% 47.5% Margin 65% 646 69% 307 390 181 9M FY22 9M FY23 9M FY22 9M FY23 EBITDA Profit After Tax Margin 17.2% (22.4%*) 19.9% (24.1%*) 17.4% 18.9% Margin 92% 79% 129 122 67 68 9M FY22 9M FY23 9M FY22 9M FY23 47 *
Slide 48: Standalone: Key Financial Metrics
Standalone : Key Financial Metrics Monthly Avg. Capital Employed Return on Capital Employed* Return on Net Worth (Core Business) (Core Business) ₹ 3 Cr. 3,738% 20% *Not annualized 48
Slide 49: Outlook
Outlook 1 Decent visibility of consumer sales in the domestic market 2 Innovative value-added products, Price hike & Softening of input cost 3 Current global economic situation has led to demand headwinds especially in Australia and USA Optimizing product innovation and cost through 4 Leve
Slide 50: Shareholder Pay-out Policy
\ympheny Refresh Shareholder Pay-out Policy
Slide 51: Consistent Reward to Shareholders
Consistent Reward to Shareholders Dividend Pay-out Proposed Share Proposed Buyback History Buyback* Pay-out* 10 Years (Up to 31-Mar-22) 51% 10 Lacs ₹ 2,000/- ₹ 200 cr. No. of equity shares (upto) per share Proposed Buyback Amount* 1.43% ₹ 200 cr. 5 Years (up to 31-Mar-22) 53% of paid-up capital (upt
Slide 52: Shareholder Friendly Change in Pay-out Policy
Shareholder Friendly Change in “Pay-out Policy” Pay-out Ratio^ Shareholder pay-out in the form of: Dividend Now Special Dividend At Least Earlier 60% Buyback Up to 50% ^% of profit after tax (including Recommendation with regard to shareholder pay-out may be influenced or changed by dividend distrib
Slide 53: Shareholding Pattern
\ympheny Refreshing Lives Shareholding Pattern
Slide 54: Shareholding Pattern (As on 31/12/22)
Shareholding Pattern (As on 31/12/22) 11.52% Sr. No. Top Domestic Mutual Funds 1 HDFC Mutual Fund 4.01% 2 Axis Mutual Fund 3 ICICI Mutual Fund 11.22% 4 UTI Mutual Fund 5 Franklin Templeton Mutual Fund Sr. No. Top Foreign Portfolio Investors 1 Taiyo Greater India Fund Ltd Public Sector Pension Invest
Slide 55: Glossary
Glossary Gross Margin (%) : % of Revenue from operations 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 operati
Slide 56: 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,