Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Investor Presentation (November 2022)
32 slides from Radico Khaitan's investor presentation, November 2022
Slide 1: Radico Khaitan Ltd. Corporate Presentation
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Corporate Presentation November 2022
Slide 2: Index
Index 1. Industry dynamics 2 2. Company overview 5 3. Strategic direction 12 4. Brand portfolio 13 5. Financial performance 28 Corporate Presentation | November 2022 1
Slide 3: India Macroeconomic Context
India Macroeconomic Context India remains one of the fastest growing economies globally with strong demographic dividend Driver 1 – Income Growth Middle-class expansion and emergence of a sizeable high-income Transformation of consumption profile segment Driver 2 – Rapid Urbanization Growth of rural
Slide 4: Spirits Industry in India
Spirits Industry in India Strong premiumisation trend is expected to continue driven by favourable demographics Sales of Spirits by Category (Volume) Sales of Spirits by Category (Value) 3.6% 3.8% Industry 9.7% Industry 7.2% 64.4% 64.9% CAGR: 4.6% 72.0% 67.2% CAGR: 5.9% 12.8% 12.3% 10.0% 11.1% Whisk
Slide 5: Spirits Industry in India
Spirits Industry in India Strong structural growth drivers in place • Structural change towards premiumization during COVID • Progressive state excise policy framework • Increasing importance of liquor towards state revenues after the implementation of GST • Low per capital IMFL consumption of 2.5 l
Slide 6: Company Overview
Company Overview One of the largest and oldest spirit manufacturers in India Strategically limiting Around 80 years of One of the largest interstate taxes and experience in spirits manufacturers. 1943 spirits making. One 327 Capacity expansion 33 transport costs. Five own and 28 Year of of the most
Slide 7: Global Presence
Global Presence Significant progress in building the brand equity in the overseas markets 6% FY2022 Sales Split by Geography 94% Exports Domestic Exports to over 85 countries across the world Corporate Presentation | November 2022 6
Slide 8: Manufacturing and Distribution Platform
Manufacturing and Distribution Platform Strong backward integration to secure quality long term raw material supply Pan India manufacturing platform to cater to customer needs Location Distilleries Molasses Grain Malt Total Capacity (million litres) Rampur 1 3 19.3 82.5 2.6 107.4 Sitapur 2 1 NA 108.
Slide 9: Global Rankings 2022
Global Rankings 2022 Some of the top brands of Radico Khaitan are leading brands globally 1 growing st 9 th 12 vodka th 8 rum th 3 brandy rd The Fastest Largest Largest Largest Largest whisky Millionaires’ globally whisky globally globally by globally by Club globally by by volume volume volume volu
Slide 10: Senior Management
Senior Management Experienced management team with in-depth industry experience Key Executives Background Dr. Lalit Khaitan, Chairman & Managing Director • Has over 50 years of industry experience • He is on the managing committee of a number of associations, including the PHD Chamber of Commerce an
Slide 11: Senior Management
Senior Management Experienced management team with in-depth industry experience Key Executives Background Dilip. K. Banthiya, Chief Financial Officer • Has over 35 years of in corporate finance, treasury, international finance and corporate mergers and acquisitions • Invited to the CFO100 Roll of Ho
Slide 12: Senior Management
Senior Management Experienced management team with in-depth industry experience Key Executives Background Ankur Sachdeva, President - Operations (Sales) • Has over 25 years of in operations strategy, sales & marketing, and business development • Prior to joining Radico in 2022, he was COO of Kajaria
Slide 13: Strategic Growth Drivers
Strategic Growth Drivers Focus on developing brands, building scale and driving a profitable growth 1. A strong and growing premium product portfolio driven by consumer preferences 2. Successful launches in the luxury space with Indian single malt and Indian craft gin 3. Robust brand equity, with we
Slide 14: Brand Portfolio
Brand Portfolio Most brands launched in the last fifteen years have been in the premium category Started the After creating Launched branded IMFL brands in high Jaisalmer, a luxury division and volume regular Indian craft gin, launched its first categories, launched Launched Launched two Launched Ra
Slide 15: Brand Portfolio
Brand Portfolio Broad choice for consumers with focus on premium brands MRP Whisky Rum Brandy Vodka Gin Luxury (US$ 40+) Semi Luxury (US$ 12+) MS: 58% Super Premium (US$ 10-12) MS: 90% Semi-Premium / Premium MS: 5% (US$ 7-10) CSD Deluxe MS: (US$ 5-7) 10% Vodka cocktail RTD Regular CSD MS: MS: (<$US
Slide 16: Rampur Indian Single Malt
Rampur Indian Single Malt A Salute to the Royal Heritage Select Expressions o Rampur Trigun (Travel Retail Exclusive): An amalgamation of fruity aromas and smoothness topped with crispiness coming from balanced maturation in three different casks; Matured in American Bourbon barrels and, finished in
Slide 17: Corporate Presentation | November 2022
Corporate Presentation | November 2022
Slide 18: Corporate Presentation | November 2022
Corporate Presentation | November 2022
Slide 19: Corporate Presentation | November 2022
Corporate Presentation | November 2022
Slide 20: Jaisalmer Indian Craft Gin
Jaisalmer Indian Craft Gin The Royalty Awaits o A triple-distilled neutral grain spirit, it is re-distilled in a traditional copper pot still, with its recipe handcrafted in a time-honoured way. o Derived from the ancient Indian knowledge of herbs, retaining the classic gin flavour of juniper berrie
Slide 21: Corporate Presentation | November 2022
Corporate Presentation | November 2022 20
Slide 22: Royal Ranthambore
Royal Ranthambore Heritage Collection-Royal Crafted Whisky • Blended Malt Scotch & Scotch Grain from Malted Barley: Crafted from different bespoke Blended Malt Scotch from various regions of Scotland. Scotch grain is also blended to harmonize the Whisky. Though by definition it’s a Scotch Grain, how
Slide 23: Royal Ranthambore
Royal Ranthambore Heritage Collection-Royal Crafted Whisky Tasting Notes: Visual/Colour: Golden hue complemented by tint of amber Nose/Aroma: Warm and intense malty aromas make their presence felt followed by sweet floral notes and hints of citrus. At the end subtle forest honey and spicy dried frui
Slide 24: Magic Moments Dazzle Vodka
Magic Moments Dazzle Vodka Razzle with the Magic of Dazzle The 7 stage filtration process Single Grain Rice Vodka Gold Silver • Filters: Carbon, Silver, Platinum and Gold • Filters: Carbon, Silver and Platinum • A delightful blend infused with crispy • An exquisite blend of rich, creamy vanilla text
Slide 25: Magic Moments Verve Vodka
Magic Moments Verve Vodka The Smooth Blend of Sophistication o Verve super-premium vodka is refined through a slow five-stage filtration process, using silver and platinum filters that ensure purity till the last drop. A high-end blend produced by India’s biggest vodka brand, this Magic Moments cast
Slide 26: Magic Moments Vodka
Magic Moments Vodka Make Every Moment a Magic Moment o Launched in 2006, Magic Moments is India’s largest premium vodka brand with around 60% market share (~90% in the relevant segment). o The magic of every party begins here. Magic Moments Vodka undergoes a triple distillation process for purity an
Slide 27: Morpheus Super Premium Brandy
Morpheus Super Premium Brandy Dare to Dream Morpheus Blue XO Brandy o It takes one sip of Morpheus Blue to understand that not all brandies are created equal. Crafted by our master blenders, Morpheus Blue is perfection in a bottle, created for the most deserving of dreamers. o Launched recently, thi
Slide 28: 8PM Premium Black Whisky
8PM Premium Black Whisky At 8PM, Rivals Become Friends o A premium variant of one of the most popular whisky brands, 8PM, this uber rich and smooth blend was launched in 2019. Made with the finest quality grains, this whisky is the epitome of lavishness and quality drinking. o In just a short span o
Slide 29: Historical Financial Trend
Historical Financial Trend Outperformed the industry for six consecutive years Prestige & Above brands (Million cases) Prestige & Above brands (Rs. million) Total Volume 19.5 21.6 24.3 22.3 26.4 (mn cs) 12,147 8.1 9,795 9,681 7.1 6.1 6.5 8,263 5.0 6,022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY20
Slide 30: Historical Financial Trend
Historical Financial Trend Consistent revenue growth with robust profitability Net Sales (Rs. Million) EBITDA (Rs. Million) and Margin (%) 14.7% 16.7% 15.2% 16.9% 14.0% 18,228 20,969 24,270 24,181 28,680 2,674 3,492 3,682 4,078 4,026 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2
Slide 31: 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 32: 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
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