Financial Results for the Full Year ended 31 December 2019 18 February 2020
Disclaimer This document contains certain forward looking statements with respect to InNature Berhad’s (“ InNature ”) financial condition, results of operations and business, and management’s strategy, plans and objectives for InNature. These statements include, without limitation, those that express forecasts, expectations and projections such as forecasts, expectations and projections in relation to new products and services, revenue, profit, cash flow, operational metrics etc. These statements (and all other forward looking statements contained in this document) are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond InNature’s control, are difficult to predict and could cause actual results to differ materially from those expressed or implied or forecast in the forward looking statements. All forward looking statements in this presentation are based on information known to InNature on the date hereof. InNature undertakes no obligation publicly to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. This presentation has been prepared by InNature. The information in this presentation, including forward looking statements, has not been independently verified. Without limiting any of the foregoing in this disclaimer, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of such information. InNature and its subsidiaries, affiliates, representatives and advisers shall have no liability whatsoever (whether in negligence or otherwise) for any loss, damage, costs or expenses howsoever arising out of or in connection with this presentation. Page 2
FY2019 – Year-on-Year Financial Highlights Revenue Gross Profits (1) Net Cash from Operations RM191.7m RM129.3m RM29.3m 3.9% y-o-y 6.0% y-o-y 8.5% y-o-y Margin: 67.4% +130 bps y-o-y Core PAT (2) Core PAT (2) excl. new business (3) RM33.7m RM35.4m 6.5% y-o-y 1.9% y-o-y Margin: 17.6% -200 bps y-o-y Margin: 18.5% -110 bps y-o-y Note: (1) Computed as revenue less changes in inventories. (2) Core earnings exclude listing expenses of RM3.6 million (2018: exclude fair value gain (net of tax) of RM9.5 million). (3) The Body Shop Cambodia and Natura Malaysia commenced their retail operations during 4Q2019. Page 3
FY2019 Overview: Revenue, Gross Profits Revenue Gross Profits 110.0% 110.0% 70.0% 121,986 129,283 6.0% 184,474 191,684 3.9% 69.0% 100.0% 100.0% 68.0% 90.0% 67.0% 90.0% % contribution 66.0% % contribution GP margin 80.0% 80.0% 65.0% 70.0% 64.0% 70.0% 63.0% 60.0% 60.0% 62.0% 50.0% 61.0% 50.0% 40.0% 60.0% FY2018 FY2019 40.0% FY2018 FY2019 Natura 0.0% 0.2% Natura 0.0% 0.2% TBS Cam 0.0% 0.3% TBS Cam 0.0% 0.3% TBS Vn 11.9% 15.6% TBS Vn 11.7% 15.5% TBS Msia 88.1% 83.9% TBS Msia 88.3% 84.0% GP % 66.1% 67.6% Page 4
FY2019 Overview: Core PAT , Operating Cash Flow Core PAT Operating Cashflow & Gearing 33,742 120.0% 36,097 6.5% 30.0% 35,000 60.0% 32,005 100.0% 29,278 25.0% 30,000 50.0% 26,499 80.0% 20.0% Core PAT margin 25,000 % contribution Debt-to-equity ratio 60.0% 20,505 40.0% 15.0% 17,491 20,000 RM’000 40.0% 16,576 10.0% 15,000 30.0% 20.0% 27.2% 5.0% 10,000 0.0% 19.0% 20.0% -20.0% 0.0% 5,000 FY2018 FY2019 Inv Holding -1.6% -2.1% 0 10.0% Natura 0.0% -3.4% FY2018 FY2019 TBS Cam 0.0% -1.6% Operating CF TBS Vn 7.4% 13.0% Cash & cash equivalent + other investments TBS Msia 94.2% 94.1% Bank borrowings Core PAT % 19.6% 16.9% Debt-to-equity ratio Page 5
FY2019 Overview: PAT Analysis Page 6
Points-of-sale Network as at 31 December 2019 Page 7
Prospects (Note 19 of Interim Financial Report dated 18 February 2020) Operating environment of the Group had been clouded over the outbreak of Covid-19 as at the date of this Interim Financial Report. Having been in the business for the past 35 years, such negative event is not new to us, and despite some foreseen challenges in 1Q2020, we will continue to manage our business with vigilance during this period of uncertainty. We will continue to invest in the business, both existing and new, according to the IPO proceeds utilisation plan in the new financial year ending 31 December 2020 (“FY2020”). The Group is expected to see overall continuous revenue growth and remain profitable in FY2020. Page 8
Dividend Declaration (Note 8 of Interim Financial Report dated 18 February 2020) • Special single-tier dividend of 1.0 sen per ordinary share totaling RM7,058,815 in respect of FY2019. • Total dividend payout of RM17,058,815 for FY2019*, representing 56.6% of annual reported PAT, or 50.6% of annual core PAT. • Entitlement Date: 31 March 2020 • Payment Date: 30 April 2020 * Includes 1 st single tier dividend of RM10.0 million paid on 27 December 2019 Page 9
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