S H Kelkar And Company Ltd · NSE:SHK

S H Kelkar And — Q1 FY23 Earnings Presentation

21 slides from S H Kelkar And's earnings presentation, Aug 9, 2022

  1. Slide 1: Exchange submission cover letter

    Keva August 09, 2022 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandta Kurla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip Code:

  2. Slide 2: Q1 FY23 Earnings Presentation

    S H KELKAR AND COMPANY LIMITED Q1 FY23 Earnings Presentation August 9, 2022

  3. Slide 3: Disclaimer

    Disclaimer Certain statements and opinions with respect to the anticipated future performance of SH Kelkar (SHK) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Suc

  4. Slide 4: Q1 FY23 – Key Financial Highlights

    Q1 FY23 – Key Financial Highlights Total Income EBITDA Adjusted PAT 55 45 22 415 359 17 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22* Q1 FY23 Margins % 12.6% 13.4% 4.8% 5.4% • SHK reported a steady performance with stable client engagements witnessed across categories • Despite a challenging inflationary

  5. Slide 5: Management Comment

    Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “We have started the fiscal year on a steady note, despite macro-challenges and an inflationary raw material environment. The demand environment and offtake across the emer

  6. Slide 6: Revenue Performance

    Revenue Performance  10%  7.5%  1.6% Note: Cash and cash equivalent includes investments in mutual fund Healthy client engagements and stable demand environment across Emerging and European markets aided operational performance in the quarter Note: 5 1) Figures in Rs. crore unless specified other

  7. Slide 7: Operating Performance – EBITDA

    Operating Performance – EBITDA EBITDA % to 12.6% 13.4% Sales Note: Cash and cash equivalent includes investments in mutual fund Calibrated price hikes in collaboration with customers, proficient inventory management and initial easing of inflationary pressures aided operational performance in the qu

  8. Slide 8: Balance Sheet Snapshot – As on June 30, 2022

    Balance Sheet Snapshot – As on June 30, 2022 469 1,114 955 117 0.42x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 7 1) Figures in Rs. crore unless specified otherwise

  9. Slide 9: Financial Leverage

    Financial Leverage Net Debt Net Debt to Equity 509 0.47 0.42 0.34 469 0.29 March 2022 June 2022 FY20 FY21 FY22 Q1 FY23 Interest Cost 5 3 Q1 FY22 Q1 FY23 Debt reduction Rs. xxx crore and interest saving of Rs. xxx crore Note: 8 1) Figures in Rs. crore unless specified otherwise

  10. Slide 10: Financial and Operational Discussions (Y-o-Y)

    Financial and Operational Discussions (Y-o-Y) Q1 FY23 Total Income stood at Rs. 415.3 crore, higher by 15.7% ▪ SHK reported a steady performance on the revenues front driven by healthy demand in both Emerging and European markets − Emerging market sales stood at Rs. 319 crore, registering organic gr

  11. Slide 11: Key Developments

    Key Developments Participation in Global RFP: ▪ SHK’s participation in a global RFP (Request for Proposal) is a major milestone in its long-term growth journey. The process is progressing as per internal targets ▪ In the quarter, SHK signed an agreement making it one of the few Global Fragrance and

  12. Slide 12: Q1 FY23 – Segment Highlights

    Q1 FY23 – Segment Highlights 11

  13. Slide 13: Revenue Break-Up – Q1 FY23

    Revenue Break-Up – Q1 FY23 Business Segment Market Wise 358 319 331 276 78 93 53 24 Fragrances Flavours Emerging Markets Europe Note: Cash and cash equivalent includes investments in mutual fund Geography Wise 230 190 0% 87 103 78 78 India Europe ROW Note: 1) Figures in Rs. crore unless specified ot

  14. Slide 14: Profitability Break-Up – Q1 FY23

    Profitability Break-Up – Q1 FY23 Fragrance Division - EBIT Flavours Division - EBIT 36 5 29 3 Note: Cash and cash equivalent includes investments in mutual fund Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Margins % 9% 10% 13% 9% Note: 1) Figures in Rs. crore unless specified otherwise 13

  15. Slide 15: Europe Business Performance

    Europe Business Performance Revenue (Euro Mn) Gross Margins (%) EBITDA (%) 11 15% 41% 9 37% 11% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 • Acquired businesses delivered robust performance led by improved demand and volume off-take in European markets • On a like to like basis, core business g

  16. Slide 16: Annexure

    Annexure 15

  17. Slide 17: Amortization of Intangible Assets

    Amortization of Intangible Assets Estimated amortization of Intangible assets (Rs. crore) 7.2 4.2 7.0 1.4 1.8 1.9 Q1 FY 22 Q4 FY 22 Q1 FY 23 Acquisitions Other Intangibles • Acquisition of Holland Aromatics and NuTaste in Q4 FY 22 led to increase in intangibles 16

  18. Slide 18: Consolidated Summarized P&L Statement

    Consolidated Summarized P&L Statement Particulars (Rs. crore) Q1 FY23 Q1 FY22 Y-o-Y Change (%) Revenues from Operations Sales 390.7 331.9 17.7% Sales - Contract Manufacturing 20.7 23.0 -10.0% Other Operating Income 3.6 0.6 Revenue from operations 415.0 355.5 16.7% Other Income 0.2 3.5 Total Income 4

  19. Slide 19: Conference Call Details

    Conference Call Details S H Kelkar and Company – Q1 FY23 Earnings Conference Call Time • 02:00 PM IST on Friday, August 12, 2022 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 India Local access Number • +91 70456 71221 (Available all over India) • Hong Kong: 800 964 448 International

  20. Slide 20: About Us

    About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour For further information please contact: Company in India. It has a long-standing reputation in the fragrance industry developed in 96 years of experience. Its fragrance products and ingredients are used as

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