Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Q3 FY2021 Earnings Presentation
17 slides from Radico Khaitan's earnings presentation, January 2021
Slide 1: Earnings Presentation Q3 and Nine Month FY2021
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Earnings Presentation Q3 and Nine Month FY2021
Slide 2: Q3 FY2021 Highlights
Q3 FY2021 Highlights An all round performance with improved profitability Q3 FY2021 vs. Q3 FY2020 9M FY2021 vs. 9M FY2020 o Total IMFL volume of 6.49 Million Cases (+0.7%) o Total IMFL volume of 16.07 Million Cases (-13.0%) o Prestige & Above brands volume of 2.00 Million Cases o Prestige & Above br
Slide 3: Q3 FY2021 Highlights: Net debt reduction
Q3 FY2021 Highlights Strong cash flow generation and net debt reduction of over ` 127 Crore since March 2020 Cumulative net debt reduction of ` 692 Crore since FY2016 coupled with higher working capital efficiency 61 Working Capital Days* 36 947 785 162 570 215 63 382 319 250 255 127 Mar-16 Mar-17 M
Slide 4: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “Radico Khaitan delivered yet another quarter with IMFL volume growth despite a volatile industry performance. While most of our top markets have returned to growth in Q3 FY2021,
Slide 5: Performance Trend
Performance Trend Q3 y-o-y Q2 q-o-q Nine Month y-o-y FY2021 FY2020 Growth (%) FY2021 Growth (%) FY2021 FY2020 Growth (%) Operational Performance (Million Cases) Prestige & Above 2.00 1.90 5.3% 1.69 17.9% 4.74 5.52 (14.1)% Regular & Others 4.50 4.55 (1.2)% 4.35 3.3% 11.33 12.96 (12.6)% Total Volume 6
Slide 6: Performance Trend
Performance Trend Q3 y-o-y Q2 q-o-q Nine Month y-o-y (` Crore) FY2021 FY2020 Growth (%) FY2021 Growth (%) FY2021 FY2020 Growth (%) Revenue from Operations (Gross) 2,971.18 2,524.84 17.7% 2,740.32 8.4% 7,486.16 7,208.78 3.8% Revenue from Operations (Net) 684.21 647.93 5.6% 630.05 8.6% 1,723.41 1,841.
Slide 7: Performance Discussion
Performance Discussion Q3 FY2021 Highlights (Y-o-Y) o Revenue from Operations (Net) grew by 5.6% during the quarter. Total IMFL volume growth was 0.7% led by Prestige & Above category which increased by 5.3%. IMFL value growth was 4.9%. During December 2020, the Company reported highest ever monthly
Slide 8: Business Transformation
Business Transformation Significant improvement across operational and financial metrics IMFL Volumes (mn cases) and Prestige & Above as % of Total Volumes IMFL Value (Rs. Crore) and Prestige & Above as % of Total IMFL Value 24.3 1,979 21.6 19.5 1,669 18.2 18.3 29% 1,377 28% 1,193 1,198 50% 50% 26%
Slide 9: Business Transformation
Business Transformation Key growth drivers over the last five years Management undertook a detailed review of the long term strategy and implemented certain strategic steps for long term sustainable growth of the business o Developed an incentive scheme for all employees (till the grass root level)
Slide 10: Brand Performance
Brand Performance Rampur Indian Single Malt • Select variants: o Rampur Asāva: World’s first whisky finished in Indian red wine casks; matured in American Bourbon Barrels and finished in Indian Cabernet Sauvignon Casks o Rampur Double Cask: Matured in hand-picked American Bourbon barrels and Europea
Slide 11: Brand Performance
Brand Performance Magic Moments Vodka • Magic Moments Verve in a new premium canister packaging • Marketing campaign with Bollywood stars Kartik Aryan and Jacqueline Fernandez • Continues to gain market share with Magic Moments now accounting for ~60% of the overall vodka market share and Verve acco
Slide 12: Brand Performance
Brand Performance Outdoor Advertising – T2 Mumbai and T3 Delhi In Store Advertising Earnings Presentation | Q3 and Nine Month FY2021 11
Slide 13: Awards & Recognitions
Awards & Recognitions Earnings Presentation | Q3 and Nine Month FY2021 12
Slide 14: Statutory Results
Statutory Results Statement of Standalone IND AS Financial Results for the quarter and nine months ended December 31, 2020 Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter Nine Months Nine Months Year ended ended ended ended ended ended 31.12.2020 30.09.2020 31.12.2019 31.12.2020
Slide 15: Statutory Results
Statutory Results Notes: 1. The unaudited Standalone financial results of the Company, for the quarter and nine month ended December 31, 2020, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 28, 2021. The statutory auditors have express
Slide 16: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Radico Khaitan’s future business developments and economic performance. W
Slide 17: Radico Khaitan Limited
Radico Khaitan Limited (CIN: L26941UP1983PLC027278) J-I, Block B-I, Mohan Co-operative Industrial Area, Mathura Road, New Delhi-110044 Ph.: +91-11-4097 5400/5500 Fax: +91-11-4167 8841/42 www.radicokhaitan.com