S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q3 FY20 Earnings Presentation
20 slides from S H Kelkar And's earnings presentation, Feb 7, 2020
Slide 1: Submission letter to stock exchanges
KevN a February 07, 2020 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, Bandra Kurla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip C
Slide 2: Q3 & 9M FY20 Earnings Presentation
S H Kelkar and ompany Limited Lal avour Company Q3 & 9M FY20 Earnings Presentation February 07, 2020
Slide 3: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of 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. Such forward-lo
Slide 4: Q3 & 9M FY20 Results Overview
Crafting Sensorial Delight Q3 & 9M FY20 Results Overview
Slide 5: Management Comment
Management Comment “We have reported a healthy performance during the quarter, with a 13% growth in revenue from operations and a stable EBITDA performance. The performance was led by steady uptick in demand across our core business categories, increased client engagements and broad-based normalizat
Slide 6: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Y-0-Y Y-0-Y Particulars (Rs. crore) Change (%) 9M FY20 9M FY19 Change (%) Q3 FY20 Q3 FY19 Revenues from Operations (Net of excise) Other Operating Income Total Operating Income Other Income Total Income Total Expenditure Raw Material expenses Employee benefits e
Slide 7: Key Developments
Key Developments Stabilizing market sentiments and improving liquidity in the industry resulted in better collections and cash flows during Q3 FY20 During the quarter, cash from operations stood strong at Rs. 121 crore owing to improvement in the total working capital cycle. This has enabled the Com
Slide 8: Key Developments
Key Developments State-of-the-art facility, which manufactures Tonalid and other key raw materials used in the fragrance industry, is operating at optimum utilization levels - the facility recorded an all-time high production of Tonalid during the quarter
Slide 9: 9M FY2020 Financial and Operational Discussions (Y-o-Y)
9M FY2020 Financial and Operational Discussions (Y-o-Y) A steady demand environment assisted the Company to report a 13% increase in revenues in Q3 FY20 During the period under review, the Company saw increased momentum in enquiries from existing and new large- sized FMCG customers The Company is al
Slide 10: 9M FY2020 Financial and Operational Discussions (Y-o-Y)
9M FY2020 Financial and Operational Discussions (Y-o-Y) In Q3 FY20, the Company has initiated the final closure of its Ingredients facility and Research activity in the Netherlands. The impairment of plant and machinery and other closure cost resulted in a one-time exceptional expense of Rs. 36.5 cr
Slide 11: Fragrance Division
Fragrance Division Net Revenue & Operating Profit Revenue =OP = Fragrance division delivered an improved revenue growth in Q3 & 9M Domestic Fragrance business reported a growth of 8% in 9M and overseas revenues 37 -~ grew by 13% © Continued traction with existing 227 260 and new customers in the dom
Slide 12: Flavour Division
Flavour Division Revenue =OP Flavour division reported a_ stable performance during the Q3 & 9M period - domestic revenues came in lower by 20% 4 in 9M led by a muted demand environment 28 2 : Overseas segment in 9M FY20 reported an 4 improvement of 11% YoY Q3FY19 Q3FY20 9MFY19 9MFY20 : Operating pr
Slide 13: Networth
Networth
Slide 14: Cash Flow Snapshot
Cash Flow Snapshot Particulars (Rs. crore) FY15 FY16 FY17 FY18 FY19 9M FY20 Cash flow from Operations 61.7 86.4 102.3 103.3 40.7 148.6 Cash flow from investing activities -17.3 -22.4 -96.0 -220.6 -109.5 Net 44.4 64.0 6.3 -117.3 -68.7 Note: Cash and cash equivalent includes investments in mutual fund
Slide 15: Robust Historical Financial Trend
Robust Historical Financial Trend Total Operating Income 1,025 925 981 z PAT Margin Note: Rs. Crore; All figures till FY15 as per IGAAP EBITDA adjusted for one-time expense in FY19 EBITDA Margin EBITDA 177 FY15 FY16 FY17 Return on Net Worth & Return on Capitat Employed (%) RONW ROCE 22.7% ie 20.2% 1
Slide 16: Key Financial Ratios
Key Financial Ratios EBITDA margin (%) 15.8 17.4 PAT Margin (%) 7.7 7.8 Debt to Equity 0.5 0.1 Return on Networth (%) 13.5 13.9 Return on Capital Employed (%) 17.6 21.0 Note: . Return on Networth is calculated as: PAT/ Average Networth . Return on Capital Employed is calculated as: EBIT/ Average Cap
Slide 17: Annexure
Crafting Sensorial Delight Annexure
Slide 18: Conference Call Details
Conference Call Details S H Kelkar and Company Ltd. - Q3 & 9M FY20 Earnings Conference Call Time Primary dial-in number India Local access Number International Toll Free Number 11.00 AM IST on Monday, February 10, 2020 +91 22 6280 1141 +91 22 7115 8042 +91 70456 71221 (Available all over India) Hong
Slide 19: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour 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 a raw material in personal wash, fabric
Slide 20: Crafting Sensorial Delight
Crafting Sensorial Delight kev 5 > a= [a © i +
S H Kelkar and Company — Q3 FY20 Earnings Presentation on 6ix