Piccadily Agro Industries Limited · NSE:PICCADIL
Piccadily Agro Industries — Q2 FY25 Earnings Presentation
40 slides from Piccadily Agro Industries's earnings presentation, Nov 8, 2024
Slide 1: Cover letter to BSE on investor presentation
Dated: 08.11.2024 To, BSE Limited 25Th Floor, Pheroze Jeejebhoy Towers Dalal Street, Mumbai – 400 001 BSE Scrip Code: 530305 Subject: Investor Presentation on Unaudited Financial Results for the Quarter ended on Sept 30, 2024 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations
Slide 2: Earnings Presentation Q2 & H1 FY25
EARNINGS PRESENTATION Q2 & H1 FY25
Slide 3: Index
Index 01. Q2 & H1 FY25 Performance 02. Company Overview 03. Our Alco-Bev Brands Portfolio 04. Historical Financials 2
Slide 4: Q2 & H1 FY25 Performance
Q2 & H1 FY25 Performance 3
Slide 5: Q2 & H1 FY25 Key Highlights
Q2 & H1 FY25 Key Highlights Strong Growth in Profitability & Margins Driven by Premium Alco-Bev Brands Q2FY25 Performance ₹ 202 Cr ₹ 44 Cr 21.6% ₹ 25 Cr Total Income EBITDA EBITDA Margin PAT 64% Y-o-Y Growth 75% Y-o-Y Growth 126 bps Y-o-Y Growth 109% Y-o-Y Growth H1FY25 Performance ₹ 411 Cr ₹ 72 Cr
Slide 6: Q2 & H1 FY25 Financial Performance Highlights
Q2 & H1 FY25 Financial Performance Highlights Standalone Financials Q2 Y-o-Y Q1 Q-o-Q Half Year Y-o-Y Particulars (Figures in ₹ Cr) Q2 FY25 Q2 FY24 Growth (%) FY25 Growth (%) H1FY25 H1FY24 Growth (%) Revenue from Distillery Vertical 184.9 105.4 75.3% 119.2 55.0% 304.1 211.1 44.1% Revenue from Sugar
Slide 7: Income Statement
Income Statement Standalone Financials Q2 Y-o-Y Q1 Q-o-Q Half Yearly Y-o-Y Particulars (Figures in ₹ Cr) Q2 FY25 Q2 FY24 Growth (%) FY25 Growth (%) H1FY25 H1FY24 Growth (%) Revenue from Operations 200.5 122.7 63.4% 208.4 -3.8% 408.9 351.6 16.3% Other Income 1.1 0.0 - 0.6 76.0% 1.7 0.1 - Total Income
Slide 8: Performance Discussion
Performance Discussion Q2 FY25 YoY • Premium Alco-Bev brands volume grew by 426% • Indri single malt sales volume grew by 443% • Resulting in revenue from distillery growing by 75% • Distillery growth enabled company’s EBITDA grew by 75% and PAT grew by 109% • EPS grew to INR 2.6 by 110% H1 FY25 YoY
Slide 9: Expanding Horizons & Strengthening Distribution Presence Across India & Global Markets
Expanding Horizons & Strengthening Distribution Presence Across India & Global Markets 21 States, UTs & CSD 25 Countries, 7 International and 11 Indian Duty Free Newly Added State Newly Added International Duty Free Newly Added Domestic Duty Free Chhattisgarh Fiji Ahmedabad | Amritsar | Lucknow | Tr
Slide 10: Q2 FY25 Key Developments
Q2 FY25 Key Developments New Launches Diwali Collector’s Edition 2024 PEATED PX-SHERRY CASK Indri Single Malt Indian Whisky Indri Single Malt Indian Whisky proudly Launched ‘The City Launched it’s Diwali Collector’s Edition Series’ featuring an exclusive 2024. This Edition has achieved global Single
Slide 11: Q2 FY25 Key Developments: Awards & Recognitions
Q2 FY25 Key Developments Awards & Recognitions ▪ Indri Diwali Collector’s Edition 2024 won a Gold at the Whiskies of the World 2024. ▪ Indri Diwali Collector’s Edition 2024 was the Category Winner – Best Indian Whisky at the International Whisky Competition 2024. ▪ Indri Diwali Collector’s Edition 2
Slide 12: Single Malt Of The Year & Whisky Of The Year
Single Malt Of The Year & Whisky Of The Year 2024 11
Slide 13: Experiential Marketing – Liquid To The Lips!
Experiential Marketing – Liquid To The Lips! Curated Experiential Dinners Win At On Trade Build Awareness And Consideration Tie-up with key influential people to curate exclusive Focus on key cities and ensuring availability in relevant Brand led training and appreciation sessions to sample and expe
Slide 14: On Trade Marketing
On Trade Marketing Global Travel Retail Domestic Retail Created impactful & visually stunning display units as part of the visibility drive at select few Placement of impactful display units as part of the visibility drive at multiple retail travel retail airports. outlets across India. Island space
Slide 15: Company Overview
Company Overview 14
Slide 16: Company Snapshot
Company Snapshot 12 KLPD* 78 KLPD* 5,000 TCD Malt Plant Ethanol/ ENA Plant Sugar Plant Indri 25 10,000+ #1 Top selling Indian Single Malt Brand in Countries PAN India Retail Outlets India & Globally ₹829 Cr ₹152 Cr ₹112 Cr FY24 Total Income FY24 EBITDA FY24 PAT *Excludes ongoing expansions 15
Slide 17: From Sugarcane Fields to Iconic Liquor Brands: A Remarkable Journey
From Sugarcane Fields to Iconic Liquor Brands: A Remarkable Journey 2007 2017 Established an Launched whisky segment Whistler & 1994 advanced state-of-the- 2010 started B2B Malt business Sugar plant was art distillery Commissioned the malt set up in Indri, distillery meeting Global Haryana standards
Slide 18: Overview of Business Verticals; Distillery Driving Growth & Margins
Overview of Business Verticals; Distillery Driving Growth & Margins Piccadily Agro Industries Limited Sugar Distillery Malt (B2B/ In-house Country Liquor Alco-Bev Brands Crystal White Sugar ENA/ Ethanol consumption) (IMIL) (IMFL) Change in Revenue Mix by Verticals Revenue Breakup of Single Malt - In
Slide 19: Key Business Highlights
Key Business Highlights Robust & well diversified Product Portfolio: Includes Premium Alco-Bev Brands, Country Liquor (IMIL), Malt, ENA, and Ethanol, crafted to satisfy the preferences of luxury and budget-conscious consumers Global Acceptance of INDRI: First ever single malt brand in the world to c
Slide 20: Our Alco-Bev Brands Portfolio
Our Alco-Bev Brands Portfolio 19
Slide 21: Our Branded Alco-Bev Portfolio
Our Branded Alco-Bev Portfolio x x Single Malt Whisky A ge d Ru m Whisky 20
Slide 22: Diverse Portfolio of Alco-Bev Brands Across Price Segments
Diverse Portfolio of Alco-Bev Brands Redefined Across Price Segments Single Malt Rum Whisky Ultra - Luxury (₹5,000+) Luxury (₹2,000 – 5,000) Premium (₹ 1,000 – ₹2,000) Prestige (₹500 - 1,000) More products being worked upon in premium spirits, pricing decided basis maturity and market fit 21 Prices
Slide 23: Single Malt Whisky
Ay PICCADILY (er 1 \ \ Single Malt Whisky ) INDRI SINGLE MALT INDIAN WHISKY 4
Slide 24: INDRI Single Malt Whisky
INDRI Single Malt Whisky The Spirit Of Five Senses A remarkable single malt made from the indigenous non-hybrid, non-GMO, six-row barley grown for hundreds of years in Rajasthan. The Inaugural award-winning expression (Indri–Trini) is India’s first triple cask single malt matured in ex-bourbon, ex-f
Slide 25: INDRI Cask Strength Expression
INDRI Cask Strength Expression DRU is a cask strength expression from the house of INDRI, bottled at 57.2% ABV. The Ex-Bourbon barrels for DRU are handpicked by our master blender to offer an experience that will awaken your senses. DRU in Sanskrit means wood, tree or a vessel made of wood. In ancie
Slide 26: INDRI - The City Series
INDRI - THE CITY SERIES - Indri Single Malt Indian Whisky introduces ‘The City Series’ with a debut Single Cask expression exclusively bottled for the Bengaluru Duty Free. This unique release embodies the essence of Bengaluru through its rich, aromatic profile. Crafted with intricate detailing, it p
Slide 27: INDRI Diwali Collector's Edition 2024
INDRI Diwali Collector’s Edition 2024 PEATED PX-SHERRY CASK INDRI Diwali collector’s edition 2024 is a limited-edition release, bottled at 50% ABV. This unique expression is made from Peated Indian Six-row barley, distilled in traditional copper pot stills crafted in India, carefully matured in PX S
Slide 28: INDRI Game Of Thrones House Of The Dragon
INDRI Game Of Thrones House Of The Dragon Exclusive Edition In an extraordinary collaboration bridging the realms of Westeros and the realm of fine spirits, Indri Single Malt Indian Whisky, in partnership with Warner Bros. Discovery Global Consumer Products, proudly introduced its latest masterpiece
Slide 29: Indri Shines
Indri Shines Recognized as Best Indian Single Malt Whisky in the World by Media 28
Slide 30: Award-Winning at Every Age
ward-Winning at Every Age WAT tn
Slide 31: Camikara 12YO rum
Camikara is derived from the Sanskrit word, meaning liquid gold. This rum is aged for 12 years in American oak barrels amidst the hills of Northern India. Camikara is bottled at 50% ABV with no added colors, flavors, sugar, or spices. This expression represents the unadulterated flavor of an Indian
Slide 32: Camikara 8YO rum
Discover the Camikara 8YO, a treasure of India. Unique in its kind, this pure cane juice rum aged for 8 years in American oak barrels promises a taste experience rich in aromas. Let yourself be tempted by this unique sensory journey! Distilled in copper stills and aged for eight years in American oa
Slide 33: Camikara 3YO rum
Camikara 3YO is aged in American oak barrels and bottled at 42.8% ABV. It is a departure from the myth that rum is a seasonal spirit. Inviting young consumers to experiment and impressing rum enthusiasts with its complexity, Camikara 3YO is a versatile drink. On the rocks or as the foundation of a p
Slide 34: Whisky
ROYAL HIGHLAND
Slide 35: Whistler Blended Malt Whisky
Whisky Whistler Barrel Aged Blended Malt Whisky is a handcrafted masterpiece. Master distiller's special blend has been perfectly matured and aged for at least three years. Our ex-bourbon and wine oak barrels give the blend a lovely, woody flavour. The result is an Indian whisky that is smooth, eleg
Slide 36: Royal Highland Blended Malt Whisky
Whisky Royal Highland Blended Malt Whisky is a perfect blend of matured malt and grain spirits aged in American oak barrels that brings to you a true whisky which is 100% natural without any added flavours. The blend is a perfect balance of rich and smooth spirit that matches true international stan
Slide 37: Past Financial Performance
Past Financial Performance 36
Slide 38: Last 3 Years Standalone Income Statement
Last 3 Years Standalone Income Statement Particulars (Figures in ₹ Cr) FY 21-22 FY 22-23 FY 23-24 Revenue from Operations 575.3 635.8 828.1 Other Income 0.8 0.5 0.8 Total Income 576.1 636.3 828.9 Expenses Cost of Materials Consumed 338.1 357.6 364.4 Changes In Inventories 4.4 -11.1 -7.5 Excise Duty
Slide 39: Last 3 Years Standalone Balance Sheet
Last 3 Years Standalone Balance Sheet Particulars (Figures in ₹ Cr) Mar-22 Mar-23 Mar-24 Particulars (Figures in ₹ Cr) Mar-22 Mar-23 Mar-24 Non Current Assets Equity Property Plant & Equipment Equity Share Capital 95 95 94 144 194 218 Capital Work In Progress Other Equity 112 136 247 52 21 26 Biolog
Slide 40: Disclaimer
Disclaimer This presentation and the accompanying slides, prepared by Piccadily Agro Industries Limited (the “Company”), are intended solely for informational purposes. They do not constitute an offer, recommendation, or invitation to purchase or subscribe to any securities, nor should they form the
Piccadily Agro Industries — Q2 FY25 Earnings Presentation on 6ix