Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Investor Presentation (December 2023)
40 slides from Radico Khaitan's investor presentation, Dec 8, 2023
Slide 1: Stock exchange filing cover letter
RKL/SX/2023-24/104 December 08, 2023 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot no. C/1, Dalal Street G Block, Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 532497 Symbol: RADICO Subject: Investor Presenta
Slide 2: Radico Khaitan Ltd. Corporate Presentation December 2023
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Corporate Presentation December 2023
Slide 3: Index
Index 1. Industry dynamics 2 2. Company overview 5 3. Strategic direction 11 4. Brand portfolio 12 5. Financial performance 32 Corporate Presentation | December 2023 1
Slide 4: 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 5: 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) 3.3% Industry 7.6% Industry 3.7% 10.6% 12.1% CAGR: 5.7% 70.8% 64.7% CAGR: 7.0% 64.0% 13.3% 63.9% 10.0% Whisky: 5.
Slide 6: 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 7: 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 1943 spirits making. One 321 spirits manufacturers. 41 transport costs. Five own, 28 contract Year of of the most Capacity expa
Slide 8: Global Presence
Global Presence Significant progress in building the brand equity in the overseas markets 6% FY2023 Sales Value Split by Geography 94% Exports Domestic Exports to over 100 countries across the world Corporate Presentation | December 2023 6
Slide 9: 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 3 19.3 82.5 2.6 104.4 Sitapur 1 NA 108.9 NA
Slide 10: Global Rankings 2023
Global Rankings 2023 Some of the top brands of Radico Khaitan are leading brands globally The 2nd Fastest growing 9th Largest whisky by 4th Fastest growing 7th Largest rum by 3rd Fastest growing Millionaires’ whisky volume vodka volume brandy Club 4th Fastest growing 21st Largest brand 7th Largest v
Slide 11: 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 12: 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 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 Rampur branded IMFL brands in high Launched Indian Single Malt division and volume regular Pluton Bay Launched Rampur Jugalbandi and Trigun, launched its first categor
Slide 15: Brand Portfolio
Brand Portfolio Broad choice for consumers with focus on premium brands Indicative MRP Whisky Rum Brandy Vodka Gin Luxury (US$ 50+) Semi Luxury (US$ 15+) MS: 58% Super Premium (US$ 10-15) MS: 85% Semi-Premium / Premium MS: 7% (US$ 8-10) CSD Deluxe MS: (US$ 6-8) 18% Vodka cocktail RTD Regular CSD MS:
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 | December 2023
Corporate Presentation | December 2023
Slide 18: Corporate Presentation | December 2023
Corporate Presentation | December 2023
Slide 19: Corporate Presentation | December 2023
Corporate Presentation | December 2023
Slide 20: Corporate Presentation | December 2023
Corporate Presentation | December 2023
Slide 21: Corporate Presentation | December 2023
Corporate Presentation | December 2023
Slide 22: Corporate Presentation | December 2023
Corporate Presentation | December 2023
Slide 23: 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 24: Corporate Presentation | December 2023
Corporate Presentation | December 2023 22
Slide 25: Happiness in a Bottle: A Happily Crafted Gin
Happiness in a Bottle: A Happily Crafted Gin Reinforces Radico Khaitan’s leading market position in the craft gin space with Jaisalmer Indian Craft Gin • The collection features three enchanting variants: Joy of Citrus, Joy of Juniper and Joy of Pink. • At the heart of these variants lies a carefull
Slide 26: 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 27: 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 28: 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 29: 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 30: Magic Moments Pink Vodka
Magic Moments Pink Vodka Catering to the Growing Demand of the Coloured and Flavoured Category Corporate Presentation | December 2023 28
Slide 31: 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 32: 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 33: 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 34: Continued Strong Prestige & Above brands growth
Continued Strong Prestige & Above brands growth The top end of the premium portfolio has grown faster FY2023 Total Volume Growth ** (Y-o-Y) Key Brands Luxury 110% Semi-Luxury 73% Super Premium 53% Premium and Semi Premium 38% Deluxe 35% Regular & Others (7)% Total 7% Corporate Presentation | Decembe
Slide 35: Continued Strong Prestige & Above brands growth
Continued Strong Prestige & Above brands growth Prestige & Above brands have grown at a CAGR of 11% since FY2019 37.5% o Prestige & Above category volume growth over pre-pandemic levels: 150% • Now account for 37.5% of total IMFL volumes* 30.2% 29.0% 29.1% o Strong premium brand pipeline and launche
Slide 36: Continued Strong Prestige & Above brands growth
Continued Strong Prestige & Above brands growth Leading to a sustainable improvement in the realization per case Realization (Rs/Case) 1,600 1,547 1,470 1,389 1,307 991 890 848 814 773 606 626 562 579 591 FY2019 FY2020 FY2021 FY2022 FY2023 Prestige & Above* Regular & Others* Total** Corporate Presen
Slide 37: Recent Performance
Recent Performance Q2 y-o-y Q1 q-o-q Half Year y-o-y FY2024 FY2023 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Operational Performance (Million Cases) Prestige & Above 2.84 2.33 21.8% 2.39 18.9% 5.23 4.21 24.2% Regular & Others 3.19 3.82 (16.5)% 4.15 (23.1)% 7.34 8.29 (11.5)% Total Own Vol
Slide 38: Recent Performance
Recent Performance Q2 y-o-y Q1 q-o-q Half Year y-o-y FY2024 FY2023 Growth (%) FY2024 Growth (%) FY2024 FY2023 Growth (%) Financial Performance (` Crore) Revenue from Operations (Gross) 3,715.1 3,018.6 23.1% 4,023.3 (7.7)% 7,738.4 6,202.4 24.8% Revenue from Operations (Net) 925.0 761.4 21.5% 953.9 (3
Slide 39: 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 40: 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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