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Investor Presentaiton

Financial Ratios SUN PHARMA FY14 FY15 FY16 FY17 FY18 Growth (%) Sales 42.4 70.2 2.4 8.5 (13.9) Gross Profit 44.4 55.1 5.1 2.7 (15.8) EBITDA 45.0 8.5 (2.1) 16.1 (40.9) Net Profit 5.3 44.5 0.1 53.2 (69.0) Net Profit (Adjusted) 58.7 # (15.6) # 9.5# 33.1 (51.7)# Margins (%) Gross Margin 82.6 75.3 77.3 73.1 71.5 EBITDA Margin (%) 44.5 28.3 27.1 29.0 19.9 Net Margin 19.6 16.7 16.3 23.0 8.3 Net Margin (Adjusted) 35.4 # 17.5 # 18.8 # 23.0 12.9 # Return (%) ROCE ROE Others Debt/Equity Fully Diluted (USD) EPS 26.9 14.3 14.6 16.1 7.8 30.9 18.5 17.6 19.8 8.9 0.13 0.27 0.25 0.22 0.26 15.2 18.9 18.9 28.9 9.0 Fully Diluted EPS (USD) (Adjusted) R&D Spend % of Net Sales 27.3 # 19.9 # 21.7 # 28.9 14.0 # 6.5 7.2 8.3 7.6 8.6 Revenue Capital 6.2 6.7 8.0 7.1 7.9 0.3 0.4 0.3 0.6 0.7 # # Adjusted for Rs 25.17 bn provision related to generic Protonix settlement for the year FY14 and adjusted for Rs 2.4 bn for settlement provision for Texas Medicaid Program litigation for FY15 and adjusted for Rs 6.9 bn of exceptional items related to Ranbaxy integration for FY16 and adjusted for Rs 12.1 bn provision related to Modafinil settlement & deferred tax adjustment for the FY18. year © Sun Pharmaceutical Industries Limited. All Rights Reserved. 49
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