Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Q2 FY2015 Earnings Presentation
18 slides from Radico Khaitan's earnings presentation, Nov 11, 2014
Slide 1: Q2 FY2015 Earnings Presentation
Radico Khaitan Limited (NSE: RADICO; BSE: 532497) Q2 FY2015 Earnings Presentation November 11, 2014
Slide 2: Important Notice
Important Notice 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 performa
Slide 3: Financial Highlights
Financial Highlights Q2 FY2015 vs. Q2 FY2014 • Net Sales of Rs. 463.2 Crore, up 3.8% • Prestige & Above brands volume growth of 10.5% • Prestige & Above brands increased from 18.4% to 21.1% of total IMFL volumes • Operational EBITDA of Rs. 47.5 Crore at 10.3% margins • Operational Net Income of Rs.
Slide 4: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman and Managing Director said: “This has been a quarter with some exciting developments both on the operational and financial fronts. I am pleased to report that in November 2014 we received price increase in
Slide 5: Economic Environment
Economic Environment Gradual price increases across states to help offset the challenges of higher input costs and subdued volumes in the coming quarters • As per the latest release by the India Sugar Mills Association (ISMA), the overall sugarcane acreage in 2014-15 sugar season is estimated to be
Slide 6: Financial Overview
Financial Overview Q2 and Half Year FY2015 Financial Performance Q2 y-o-y Half Year y-o-y (Rs. Crore) FY2015 FY2014 Growth (%) FY2015 FY2014 Growth (%) Gross Sales 1,100.6 999.3 10.1% 2,245.6 2,118.6 6.0% Net Sales 463.2 446.2 3.8% 930.2 913.1 1.9% Operational EBITDA 47.5 56.4 (15.7)% 97.7 117.5 (16
Slide 7: Operational Performance
Operational Performance Prestige & Above category a key contributor and driver of future growth Prestige & 18.4% 21.1% Above as % of 18.1% 21.0% Total Volume 103.61 99.79 48.14 84.84 78.87 46.24 39.29 36.4639.29 36.46 20.92 8.85 9.78 8.85 9.78 18.77 Q2 FY14 Q2 FY14 Q2 FY15 Q2 FY15 H1 FY14 H1 FY15 Pr
Slide 8: Performance Discussion
Performance Discussion Q2 FY2015 Financial Highlights Net Sales: Net Sales increased by 3.8% y-o-y. IMFL sales contributed 72.0% of total sales. Prestige & Above brands delivered consistent volume growth of 10.5% vs. Q2 FY2014. As a percentage of total IMFL volumes, these brands now contribute 21.1%
Slide 9: Performance Discussion
Performance Discussion Q2 FY2015 Financial Highlights Balance Sheet: As of September 30, 2014, Total Debt was Rs. 865.8 Crore, Cash & Cash Equivalents were Rs. 13.6 Crore resulting in Net Debt of Rs. 852.2 Crore (vs. Rs. 888.5 Crore as of March 31, 2014). Total Debt consists of Rs. 482.4 Crore of Wo
Slide 10: Quarterly Performance Trends
Quarterly Performance Trends Total IMFL Volume Prestige & Above Category Volume 18.4% 19.4% 17.3% 20.8% 21.1% 24.3% 9.9% 22.1% 7.2% 17.2% 3.5% 12.3% 10.5% (3.5)% (3.9)% 48.14 52.90 47.09 53.55 46.24 8.85 10.24 8.16 11.14 9.78 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2
Slide 11: Company Overview
Company Overview Radico Khaitan is one of the leading players in the premium spirits segment Radico Khaitan Overview Market Leading Premium Brands • One of the largest players in the Indian spirits • Launched in 2005, Magic Moments is industry the market leader in the premium • Operates three distil
Slide 12: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 PART- I (Figures Rs. In lakhs) Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter Half year Half year Year ended ended ended ended ended ended 31.03.2014 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 (Audited
Slide 13: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 PART- I (Figures Rs. In lakhs) Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter Half year Half year Year ended ended ended ended ended ended 31.03.2014 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 (Audited
Slide 14: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 PART II Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter Half year Half year Year ended ended ended ended ended ended 31.03.2014 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 (Audited) (Unaudited) (Unaudite
Slide 15: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 Notes: 1. The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on 11th November 2014. 2. The Statutory Auditors have carried out a limited review of the f
Slide 16: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 (In Rs. Lacs) As at As at Particulars 30.09.2014 31.03.2014 (Unaudited) (Audited) A EQUITY AND LIABILITIES 1 Shareholders' funds (a) Share capital 2,660.78 2,660.78 (b) Reserves and surplus 77,360.87 75,445.95 Sub-total - Shareholder'
Slide 17: Statutory Results
Statutory Results Second Quarter and Half Year Results for FY2015 (In Rs. Lacs) As at As at Particulars 30.09.2014 31.03.2014 B ASSETS 1 Non-current assets (a) Fixed assets - Tangible assets 49,798.03 53,067.82 - Intangible assets 3,982.21 3,982.20 - Capital work-in-progress (at cost) 1,755.60 812.0
Slide 18: Contact Details
Contact Details: Radico Khaitan Limited (CIN: L26941UP1983PLC027278) B-1/J-1, Mohan Co-operative Industrial Area Main Mathura Road, New Delhi – 110044 Phone: +91 11 409 75 400 / 500 Fax: +91-11-41678841/42 www.radicokhaitan.com Dilip Kumar Banthiya banthiyadk@radico.co.in Chief Financial Officer +91