Symphony Limited — Investor Presentation 2021

Jul 27, 2021

July 27, 2021

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To, To, National Stock Exchange of India Limited BSE Limited Symbol – SYMPHONY Security Code - 517385

Sub.: Investor Presentation – Updates

Dear Sir,

This is in reference to the above-mentioned subject line; we are enclosing herewith updated Investor Presentation. The same is also available on the website of the Company.

Kindly consider this as due compliance of relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly take this on your record and oblige.

Thanking you,

Yours Truly,

For Symphony Limited

Digitally signed by MAYUR C BARVADIYA MAYUR C DN: cn=MAYUR C BARVADIYA c=IN o=Personal BARVADIYA Reason: I am the author of this document Location: Date: 2021-07-27 18:10+05:30

Mayur Barvadiya Company Secretary

Encl.: as above.

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Email: companysecretary@symphonylimited.com

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Earnings
PRESENTATION
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SLIDE 1

Disclaimer

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SafeHarbourStatement

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 expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.

SLIDE 2

Portfolio of Global Brands

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SLIDE 3

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Management Comments
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SLIDE 4

Management View on Performance & Outlook

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ActualPerformance:

• FY21 and Q1FY22 performance were impacted on account of the Covid-19.

• A second wave of Covid-19 struck during 2021 summer; coupled with the extensive lockdown in the summer of 2020 – both, the peak season for air cooler customer sales.

• Until middle of April-21 very robust demand and sentiments. Complete focus on maximising production

• Most of the advertisement and sales expenses were incurred in April-21 considering high demand. Hence, impacted EBITDA margins.

• However, our exports and overseas subsidiaries were not much impacted.

SLIDE 5

Management View on Performance & Outlook

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Outlook :

• Management is reasonably confident to achieve much better performance in FY22 vis-àvis FY21 on account of:

• Variety of initiatives already undertaken by the management

• Estimated Sharp increase in exports

• In Jun-21 gross margin is in line with FY21 despite huge increase in input & freight costs. The Management expects gross margin on domestic sales for FY22 will be back to normal margin of around 50%

• Accelerated turnaround of Climate Technologies in Australia in FY22 despite until

  • Dec-20 it has been below expectation

SLIDE 6

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New Launches – Symphony India

New Launch

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SLIDE 8

New Launch

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New

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SLIDE 9

New Launch

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SLIDE 10

New Launch

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SLIDE 11

New Launch

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Cooling Fan

S e r i e s

Currently available exclusively on e-commerce platforms, Symphony Duet is a personal cooling fan that boasts dual functionality of a fan and a cooler. It is available in two variants: Pedestal & Table.

• Detachable pedestal for dual usage - on the table or floor-standing

• Touchscreen control

• Surround cooling with

• swing option

• Honeycomb cooling pads

• Easy to carry

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SLIDE 12

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New Campaign For Household air coolers

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Objective:

To put across a view that cool air can bring new perspectives in people’s lives.

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SLIDE 14

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Industrial and
Commercial air coolers
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SLIDE 15

Industrial and commercial air coolers (Latest launches)

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Universal air Four-side high cooler – top and efficiency bottom discharge in honeycomb pads the same cooler

Powerful air throw

Robust weatherresistant body

SLIDE 16

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Mouthpiece

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Variable Speed Controller

Launcheda range of accessories For easy and quick installation of industrial air coolers

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Modular duct

Elbow

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Wall mounting metal stand

Controller for PAC20

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Front grill with auto louvers

Metal Trolley

SLIDE 17

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Industrial air cooling: New clients addition during Q1FY22

Working with esteemed brands

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and many more…

SLIDE 18

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New Campaign For Commercial air coolers (Movicool)

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Objective:

To create awareness about the Movicool range of air coolers & communicate its in usage various sorts of large spaces.

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SLIDE 20

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New Launches - Subsidiaries
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SLIDE 21

New launches - Climate Technologies Pty. Ltd Australia: Roof mounted air coolers

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EAC

• 2 cabinet sizes, Reduce 10 SKUs of existing range.

• Low height, Sits snug on the roof.

• Installation compatible with all existing products.

• 3 different colours to match roof colours

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SLIDE 22

New launches – Bonaire USA (BUSA)

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USA: Household air coolers

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Duke
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• All in one including, ventilation, humidification and purification.

• Full function remote with 7.5 hours timer

• Fully closeable horizontal louvers

• 3 wind speeds with auto vertical louver swing

• Two air delivery modes

• High Efficiency Cooling Pads

• Dust filters

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SLIDE 23

New launches - IMPCO, Mexico

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Window air coolers

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R28SW

R38W

• New Control Panel Design

• Rust free plastic side panels

• Float valve for uninterrupted cooling

• High efficiency cooling pads

• Auto Vertical Swing

• Fully closeable horizontal louvres

• New Control Panel Design

• Rust free plastic side panels

• Float valve for uninterrupted cooling

• High efficiency cooling pads

• Auto Vertical Swing

• Fully closeable horizontal louvres

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SLIDE 24

New launches - IMPCO, Mexico

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HT Series air coolers

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SHT Movil

• Weatherproof engineering plastic

• High efficiency cooling pads

• Easy cleanable water tank

• Free installation kit

• Fully closable louvers

SHTMovilXL

• Weatherproof engineering plastic

• High efficiency cooling pads

• Easy cleanable water tank

• Large water tank capacity

• Fully closable louvers

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SLIDE 25

New launches - GSK, China Household air coolers

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CROWN i

• All in one including, ventilation, humidification and purification.

• 3-side high efficiency cooling pads

• Full function remote with 7.5-hour timer

• Removable Tank (Partial)

• Chill trays for enhanced cooling

CROWN-M

• All in one including, ventilation, humidification and purification.

• 3-side high efficiency cooling pads

• Removable Tank (Partial)

• Chill trays for enhanced cooling

• Dust filters

• Dust filters

SLIDE 26

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D2C Brand Store
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SLIDE 27

Launch of Symphony D2C Brand store

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With rising internet penetration in India and the ongoing digitalization of modern life, shopping through e-commerce platforms has seen exponential growth.

this trend and with an aim to our Leveraging strengthen we launched a new website in India with digital presence, e-commerce functionality.

Our customers now have a new channel to browse through our wide range of air coolers and purchase them from the convenience of their homes throughout the year!

SLIDE 28

Launch of Symphony D2C Brand store

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https://www.symphonylimited.com/

SLIDE 29

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Superior user experience and convenience

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Quarterl Financials
y
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SLIDE 31

Financials: Quarterly

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Consolidated (Rs Cr)

Standalone (Rs Cr)

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345 220
304
171
238
113
162
68 67
90
82 63 50 49
49 41 33 35 34 26
18 3 10 6 2 9 2 8 1 7 1
-4
Gross Revenue EBITDA * Profit Before Tax * Profit After Tax Gross Revenue EBITDA * Profit Before Tax * Profit After Tax
Jun-21 Mar-21 Jun-20 Jun-19 Jun-21 Mar-21 Jun-20 Jun-19
Gross Margin (%) EBITDA Margin (%)
31%
50%
48% 48% 48%
43% 45% 46% 26%
39%
21%
16%
8% 8%
5%
2%
Consolidated Standalone Consolidated Standalone
Jun-21 Mar-21 Jun-20 Jun-19 Jun-21 Mar-21 Jun-20 Jun-19
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SLIDE 32

*Excluding exceptional item. Gross Revenue include other income.

Geographical break up of Sales

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Revenue (Rs Cr)

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174
165
148
144 144
120
86
34
India Rest of the world
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Jun-21 Mar-21 Jun-20 Jun-19

Note: June-2020 & June-2021 quarters have been impacted by lockdown due to COVID-19.

SLIDE 33

Treasury (Rs. In Cr.)*

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525
503
463
396
Jun-21 Mar-21 Jun-20 Jun-19
88.9% 19.0%
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• Excluding Equity Investments in and Loans to Subsidiaries.

SLIDE 34

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www.symphonylimited.com

MEXICO CHINA AUSTRALIA USA Impco S de R L de C V Guangdong Symphony Climate Technologies Bonaire USA LLC Keruilai Air Coolers Co. Ltd. Pty. Ltd. AYAX 611, Parque Taiying Industrial Area, 26 Nylex Avenue 3774, West Cheyenne Industrial Kalos Hongmei Town, 523160 Salisubury South SA Avenue, North Las Vegas, Guadalupe, Guadalupe Dongguan, 5106 Nevada, 89032, USA N L, Mexico 67205 Guangdong, China Australia

INDIA

Symphony Limited

Symphony House, FP12-TP50 Bodakdev, off SG Highway,

Ahmedabad 380059

Contact

Phone: +91-79-66211111 Email: investor@symphonylimited.com