Ttk Prestige Limited · NSE:TTKPRESTIG
Ttk Prestige — Q3 FY2022-23 Earnings Presentation
30 slides from Ttk Prestige's earnings presentation, Jan 31, 2023
Slide 1: Data to be shared with Analysts - cover letter
TTK Prestige LIMITED Corporate Offlce: 11th Floor, Brigade Towers, 135, Brigade Road, Bangalore - 560 025. INDIA Phone: 9 HI0-22217438/39, Fax: 91·80·22277446, E-mail: ttkcorp@ttkpreslige.com www.ttkpreslig&.com CIN: l85110TZJ955PLC015049 January 31, 2023 National Stock Exchange BSE Limited "Exchang
Slide 2: Gist of Information to be shared with Analysts
TTK PRESTIGE LIMITED Gist of Information to be shared with Analysts Quarter Ended 31st December 2022
Slide 3: General Backdrop for Q3 FY 2022-23: General Economy
Financial Results for Quarter ended 31st December 2022 GENERAL BACKDROP FOR Q3 OF FY 2022-23 A. GENERAL ECONOMY • Global Economy continued to witness inflationary trends during the quarter due to the continued geo-political crisis. • Indian economy showed its resilience in the face of deteriorating
Slide 4: General Economy (Continued)
Financial Results for Quarter ended 31st December 2022 GENERAL BACKDROP FOR Q3 OF FY 2022-23 A. GENERAL ECONOMY (Continued …) • Raw material prices were stable during this quarter though the sign of its reduction felt in the previous quarter did not continue. Towards the end of the quarter the price
Slide 5: General Backdrop: Specific to Company
Financial Results for Quarter ended 31st December 2022 GENERAL BACKDROP FOR Q3 OF FY 2022-23 B. SPECIFIC TO COMPANY • During the quarter all the channels were active, but the general trade confidence was low and there was severe discounting at the lower end by competition and online channels • The c
Slide 6: Specific to Company (Continued)
Financial Results for Quarter ended 31st December 2022 GENERAL BACKDROP FOR Q3 OF FY 2022-23 B. SPECIFIC TO COMPANY (Continued…) • Raw material at higher value was carried in inventory during this quarter affecting the gross margins. But this will see a turnaround in the fourth quarter. • The global
Slide 7: Key Performance Highlights of Quarter Ended 31st December 2022
Financial Results for Quarter ended 31st December 2022 KEY PERFORMANCE HIGHLIGHTS OF QUARTER ENDED 31ST DECEMBER 2022 (AS COMPARED TO Q3 OF PREVIOUS YEAR) • Domestic Sales was down by 8.3% from Rs 694.6 crores to Rs 636.6 crores. • Export Sales for the quarter was down by 36.9% to Rs 15.5 crores fro
Slide 8: Key Performance Highlights of Quarter (Continued)
Financial Results for Quarter ended 31st December 2022 KEY PERFORMANCE HIGHLIGHTS OF QUARTER ENDED 31ST DECEMBER 2022 (Continued….) (AS COMPARED TO Q3 OF PREVIOUS YEAR) • Consolidated turnover was down by 9.2% to Rs 694.8 crores from Rs 765.3 crores. • Consolidated Profit Before Tax stood at Rs 78.3
Slide 9: Key Business Facts for Q3 of FY 2022-23
Financial Results for Quarter ended 31st December 2022 KEY BUSINESS FACTS FOR Q3 OF FY 2022-23 • As explained earlier, Company had certain internal factors which had transient impact on the sales during the quarter. • The raw material prices were stable during the quarter and the Company is graduall
Slide 10: Key Business Facts for Q3 (Continued)
Financial Results for Quarter ended 31st December 2022 KEY BUSINESS FACTS FOR Q3 OF FY 2022-23 (Continued…) • Trade collections are robust meeting the trade norms of the company. • The company carries substantial free cash of around Rs 685 crores as at the end of the quarter even after deploying suf
Slide 11: Key Performance Highlights of Nine Months Ended 31st December 2022
Financial Results for Quarter ended 31st December 2022 KEY PERFORMANCE HIGHLIGHTS OF NINE MONTHS ENDED 31ST DECEMBER 2022 (AS COMPARED TO NINE MONTHS OF PREVIOUS YEAR) • Domestic Sales grew by 10.4% from Rs 1815.7 crores to PY Rs 2004.7 crores. • Export Sales for the quarter was down by 20.1% to Rs.
Slide 12: Key Performance Highlights of Nine Months (Continued)
Financial Results for Quarter ended 31st December 2022 KEY PERFORMANCE HIGHLIGHTS OF NINE MONTHS ENDED 31ST DECEMBER 2022 (Continued…) (AS COMPARED TO NINE MONTHS OF PREVIOUS YEAR) • Consolidated turnover grew by 7.0% from Rs 2024.9 crores to Rs 2166.2 crores. • Consolidated Profit Before Tax stood
Slide 13: Sales Breakup - Standalone - for Third Quarter
Financial Results for Quarter ended 31st December 2022 SALES BREAKUP – STANDALONE- FOR THIRD QUARTER (In Rs. Crores) Q3 GROWTH Q3 2022-23 2021-22 % 2020-21 2019-20 COOKERS 202.82 225.62 -10% 204.29 158.15 COOKWARE 98.10 114.06 -14% 104.69 78.10 APPLIANCES 324.66 349.14 -7% 343.32 288.39 OTHERS 26.53
Slide 14: Sales Breakup - Standalone - for Nine Months
Financial Results for Quarter ended 31st December 2022 SALES BREAKUP – STANDALONE- FOR NINE MONTHS (In Rs. Crores) 9 MONTHS' GROWTH 9 MONTHS' 2022-23 2021-22 % 2020-21 2019-20 COOKERS 646.34 567.19 14% 427.30 480.06 COOKWARE 334.39 321.40 4% 241.93 237.37 APPLIANCES 996.40 924.74 8% 747.31 780.20 OT
Slide 15: Q3 Top line over 5 years (Standalone)
Q3 Top line over 5 years (Standalone) 24.4% 20.5% 5.8% -1.1% -9.3% 552.0 546.1 679.4 719.1 652.1 2018-19 2019-20 2020-21 2021-22 2022-23 Net Sales (Rs Crores) Sales Growth % Trend (Net Sales) 14
Slide 16: Q3 EBITDA over 5 years (Standalone)
Q3 EBITDA over 5 years (Standalone) 18.6% 18.2% 16.6% 16.2% 13.9% 91.9 88.7 126.6 131.0 90.6 2018-19 2019-20 2020-21 2021-22 2022-23 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 15
Slide 17: 9 Months Top line over 5 years (Standalone)
9 Months Top line over 5 years (Standalone) 27.5% 14.5% 9.3% 2.0% -4.8% 1523.2 1553.3 1478.2 1884.6 2059.7 2018-19 2019-20 2020-21 2021-22 2022-23 Net Sales (Rs Crores) Sales Growth % Trend (Net Sales) 16
Slide 18: 9 Months EBITDA over 5 years (Standalone)
9 Months EBITDA over 5 years (Standalone) 17.1% 15.9% 15.7% 15.7% 14.9% 239.5 244.1 234.3 322.1 307.3 2018-19 2019-20 2020-21 2021-22 2022-23 EBITDA (Rs Crores) EBITDA % Trend (EBITDA) 17
Slide 19: UK Subsidiary - Horwood Homewares Ltd
Financial Results for Quarter ended 31st December 2022 UK SUBSIDIARY – HORWOOD HOMEWARES LTD • Horwood achieved a sale of £4.5 million during Q3 FY 23 (PY £4.6 million) and £11.4 million during Nine Months of FY 23 (PY £13.9 million). • Despite recession and steep inflation due to the ongoing geo-po
Slide 20: Associate Company - Ultrafresh Modular Solutions Limited
Financial Results for Quarter ended 31st December 2022 ASSOCIATE COMPANY – ULTRAFRESH MODULAR SOLUTIONS LIMITED • Ultrafresh achieved a sale of Rs 6.8 Crores during Q3 FY 23 and Rs 17.6 Crores during first 9 months of FY 23. • Being an Associate Company from 16th Feb 2022, the loss of Ultrafresh is
Slide 21: Going Forward
Financial Results for Quarter ended 31st December 2022 GOING FORWARD • The inflationary trend impacting customer sentiments and its stress on disposable income of low and middle income group, global economic recessionary conditions are acting as impediment to register significant growth in Q4 both i
Slide 22: Safe Harbour
Financial Results for Quarter ended 31st December 2022 SAFE HARBOUR THIS PRESENTATION MAY CONTAIN CERTAIN STATEMENTS WHICH ARE FUTURISTIC IN NATURE. SUCH STATEMENTS REPRESENT THE INTENTIONS OF THE MANAGEMENT AND THE EFFORTS BEING PUT IN BY THEM TO REALIZE CERTAIN GOALS. THE SUCCESS IN REALIZING THES
Slide 23: Product Launches Q3 FY23
PRODUCT LAUNCHES Q3 FY23 22
Slide 24: Deep lid - Controls spillage
Deep lid - Controls spillage Highest Safety features Stainless steel body- Durable and looks new for years Gas and induction compatible – Versatile Cool touch weight & handles – Comfort to handle
Slide 25: POTG Rotisserie & Convection Ovens
POTG 46 SS RC / 46Ltr. ROTISSERIE & CONVECTION POTG 26 SS RC / 26Ltr. ROTISSERIE & CONVECTION POTG 36 SS RC / 36Ltr. ROTISSERIE & CONVECTION 4l OVEN TOASTER GRILLER =a : da POTG 16 SS R /16Ltr. ROTISSERIE ROTISSERIE FUNCTION J CONVECTION / AIR FRYER FUNCTION
Slide 26: Appliances
Appliances SVACHH HOB 3B, 4B SVACHH 2B, 3B, 4B SVACHH NEO 2B, 3B, 4BSQ, 4BL PERFECT SVACHH 3B 25
Slide 27: Appliances
Appliances AMICA 1000 W SUPER MIXER GRINDER ENDURA 1000W 4 JARS 26
Slide 28: Appliances
Appliances PRIME 2B SS GAS STOVE PKCB 1.8 PKSS 1.5 XPRESS INDUCTION COOKTOP 27
Slide 29: CleanHome
CleanHome DOUBLE WALL BOTTLE 28
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