Ttk Prestige Limited · NSE:TTKPRESTIG
Ttk Prestige — Q1 FY2022-23 Earnings Presentation
23 slides from Ttk Prestige's earnings presentation, Jul 28, 2022
Slide 1: Cover letter to exchanges: data to be shared with analysts
TivRheintand® CERT {sO 9001 TTK Prestige LIMITED Corporate Office: 11th Floor, Brigade Towers, 135, Brigade Road, Bangalore -- 560 025. INDIA Phone: 91-80-2221 7438/39, Fax: 91-80-22277446, E-mail: ttkcorp@ttkprestige.com www.ttkprestige.com CIN : L85110TZ1955PLC015049 July 28, 2022 National Stock E
Slide 2: Gist of Information to be shared with Analysts
TTK PRESTIGE LIMITED Gist of Information to be shared with Analysts Quarter Ended 30th June 2022 1
Slide 3: General Backdrop for Q1 of FY 2022-23: General Economy
Financial Results for Quarter ended 30th June 2022 GENERAL BACKDROP FOR Q1 OF FY 2022-23 A. GENERAL ECONOMY • The economy continued to be under stress during the quarter with the extended geo-political crisis. • The inflation has been on rise across the global with unprecedented increase in fuel and
Slide 4: General Economy (Continued)
Financial Results for Quarter ended 30th June 2022 GENERAL BACKDROP FOR Q1 OF FY 2022-23 A. GENERAL ECONOMY (Continued …) • Though the inflation pressure was felt more at the low-income households, the impact was minimum at the mid and high-income group. • All Channels were active throughout the qua
Slide 5: General Backdrop: Specific to Company
Financial Results for Quarter ended 30th June 2022 GENERAL BACKDROP FOR Q1 OF FY 2022-23 B. SPECIFIC TO COMPANY • During the quarter all the channels were active and contribution to the total sales of the Company by and large remained similar to contribution seen in the previous quarter i.e. Q4 of F
Slide 6: Key Performance Highlights of 1st Quarter Ended 30th June 2022
Financial Results for Quarter ended 30th June 2022 KEY PERFORMANCE HIGHLIGHTS OF 1ST QUARTER ENDED 30TH JUNE 2022 (AS COMPARED TO Q1 OF PREVIOUS YEAR) • Domestic Sales grew by 71.6% from Rs.336.50 Crores to Rs.577.47 Crores. • Export Sales for the quarter grew by 9.0% from Rs 20.42 Crores to Rs.22.2
Slide 7: Key Performance Highlights (Continued)
Financial Results for Quarter ended 30th June 2022 KEY PERFORMANCE HIGHLIGHTS OF 1ST QUARTER ENDED 30TH JUNE 2022 (Continued….) (AS COMPARED TO Q1 OF PREVIOUS YEAR) • Consolidated turnover grew by 56.8% from Rs.401.07 Crores to Rs.629.05 Crores. • Consolidated Profit before Tax stood at Rs 73.11 Cro
Slide 8: Key Business Facts for Q1 of FY 2022-23
Financial Results for Quarter ended 30th June 2022 KEY BUSINESS FACTS FOR Q1 OF FY 2022-23 • The Company did well compared to Q1 of the previous year though it is not comparable as the previous year was impacted by the second wave of the Covid-19 pandemic. The normal comparable quarter is Q1 of FY 2
Slide 9: Key Business Facts for Q1 of FY 2022-23 (Continued)
Financial Results for Quarter ended 30th June 2022 KEY BUSINESS FACTS FOR Q1 OF FY 2022-23 (Continued …) • The Company had to carry raw material inventory higher than norms during this quarter to hedge against the commodity price increase that was prevalent during the first half of this quarter. • L
Slide 10: Sales Breakup – Standalone – 1st Quarter FY 2022-23
Financial Results for Quarter ended 30th June 2022 SALES BREAKUP – STANDALONE- FOR 1ST QUARTER FY 2022-23 (In Rs. Crores) Q1 Q1 GROWTH Q1 Q1 2022-23 2021-22 2020-21 2019-20 COOKERS 194.08 104.03 87% 57.91 139.88 COOKWARE 105.64 68.89 53% 35.27 64.58 APPLIANCES 272.17 170.70 59% 105.56 212.49 OTHERS
Slide 11: Q1 Top line over 5 years (Standalone)
Q1 Top line over 5 years (Standalone) 71.2% 68.0% 599.7 418.9 433.6 356.9 17.2% 208.5 3.5% -51.9% 2018-19 2019-20 2020-21 2021-22 2022-23 Net Sales (Rs Crores) Sales Growth % 10
Slide 12: Q1 EBITDA over 5 years (Standalone)
Q1 EBITDA over 5 years (Standalone) 100 14.4% 14.9% 14.4% 13.3% 90 80 89.6 70 60 50 60.2 62.7 40 47.4 6.9% 30 20 10 14.5 0 2018-19 2019-20 2020-21 2021-22 2022-23 EBITDA (Rs Crores) EBITDA % 11
Slide 13: UK Subsidiary – Horwood Homewares Ltd
Financial Results for Quarter ended 30th June 2022 UK SUBSIDIARY – HORWOOD HOMEWARES LTD • Horwood achieved a sale of £3.1 million during Q1 FY 23 (PY £4.3 million). • Currently UK & Europe is going through a recession and steep inflation due to the ongoing geo-political crisis coupled with UK’s own
Slide 14: UK Subsidiary – Horwood Homewares Ltd (Continued)
Financial Results for Quarter ended 30th June 2022 UK SUBSIDIARY – HORWOOD HOMEWARES LTD (Continued…..) • The implementation of the new ERP system to support the expansion of the business is stabilizing over period. Once stabilized this expected to further improve the operational efficiencies result
Slide 15: Going Forward
Financial Results for Quarter ended 30th June 2022 GOING FORWARD • The rate of growth in Q2 will be less given the high base of previous year. However this is as planned and the growth rates are expected to improve in the second half. • The continued hybrid mode of working in many of the service ind
Slide 16: Going Forward (Continued)
Financial Results for Quarter ended 30th June 2022 GOING FORWARD (Continued…) • The high inflation driven by the extended geo-political crisis is a major concern. However, the actions being taken by the Government by reduction of duties, export restrictions on key commodities, etc may ease the press
Slide 17: Safe Harbour
Financial Results for Quarter ended 30th June 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 THESE GO
Slide 18: New Launches – Q1 / FY 22-23
New Launches – Q1 / FY 22-23 17
Slide 19: Kitchenware – Q1 Launch
Kitchenware – Q1 Launch FLIP ON SVACHH (8 SKU’s) 18
Slide 20: Appliances – Q1 Launch
Appliances – Q1 Launch NEW GRILLERS – DOMESTIC NEW KETTLES – PKSS 0.5, PEG 1.0, 5.0 AND 6.0 PKLSS 1.7, PKPC 1.5, PKDSS 0.7 19
Slide 21: Appliances – Q1 Launch
Appliances – Q1 Launch VERTICAL WET GRINDERS PVG 1.5 & 2.0 STACK O MIX – Mixer Grinder PMC 3.0 + PEC 4.0 ELECTRIC CHOPPER 20
Slide 22: Cleanhome – Q1 Launch
Cleanhome – Q1 Launch TCB ALPHA 01,02,03,04 – 750 ML SINGLE WALL BOTTLE – SS – PSWBC 17 21
Slide 23: 22
22