Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — H1 FY2021 Earnings Presentation
21 slides from Radico Khaitan's earnings presentation, Oct 28, 2020
Slide 1: Cover letter to stock exchanges
i) R SS Radio 28" October, 2020 To To Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, 5" Floor Dalal Street Plot no. C/1, G Block Mumbai — 400 001. Bandra-Kurla Complex, Bandra (E) Mumbai — 400 051. Sub: Earning presentation Dear Sir, Madam,
Slide 2: Earnings Presentation Q2 and Half Year FY2021
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Earnings Presentation Q2 and Half Year FY2021
Slide 3: Q2 FY2021 Highlights
Q2 FY2021 Highlights An all round performance with highest ever quarterly EBITDA Q2 FY2021 vs. Q2 FY2020 H1 FY2021 vs. H1 FY2020 o Total IMFL volume of 6.04 Million Cases (+4.6%) o Total IMFL volume of 9.58 Million Cases (-20.4%) o Prestige & Above brands volume of 1.69 Million Cases o Prestige & Ab
Slide 4: Q2 FY2021 Highlights
Q2 FY2021 Highlights Achieved growth over the pre-COVID levels IMFL volumes (million cases) : Y-o-Y performance Q2 FY2021 Volumes up 4.6% y-o-y 6.04 5.78 Jul-19 Aug-19 Sep-19 Q2 FY2020 Jul-20 Aug-20 Sep-20 Q2 FY2021 Earnings Presentation | Q2 and Half Year FY2021 2
Slide 5: Q2 FY2021 Highlights
Q2 FY2021 Highlights Strong cash flow generation and net debt reduction of over ` 129 Crore in since March 2020 Cumulative net debt reduction of ` 694 Crore since FY2016 coupled with higher working capital efficiency 61 Working Capital Days* 36 947 785 162 570 215 63 382 319 250 253 129 Mar-16 Mar-1
Slide 6: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “After a difficult start to the financial year, Q2 FY2021 results demonstrated a sharp recovery in Radico Khaitan’s performance. However, the industry revival is dispersed with a
Slide 7: Q2 FY2021 Performance Overview
Q2 FY2021 Performance Overview Q2 y-o-y H1 y-o-y FY2021 FY2020 Growth (%) FY2021 FY2020 Growth (%) Operational Performance (Million Cases) Prestige & Above 1.69 1.63 3.6% 2.74 3.62 (24.2)% Regular & Others 4.35 4.15 5.0% 6.84 8.41 (18.7)% Total Volume 6.04 5.78 4.6% 9.58 12.03 (20.4)% Prestige & Abo
Slide 8: Q2 FY2021 Performance Overview
Q2 FY2021 Performance Overview Q2 y-o-y H1 y-o-y (` Crore) FY2021 FY2020 Growth (%) FY2021 FY2020 Growth (%) Revenue from Operations (Gross) 2,740.32 2,520.05 8.7% 4,514.98 5,197.13 (13.1)% Revenue from Operations (Net) 630.05 570.17 10.5% 1,039.20 1,193.76 (12.9)% Other Income 3.75 1.87 100.2% 5.62
Slide 9: Performance Discussion
Performance Discussion Q2 FY2021 Highlights (Y-o-Y) o Revenue from Operations (Net) grew by 10.5% during the quarter. Total IMFL volume growth was 4.6% and IMFL value growth was 6.1%. IMFL sales accounted for 79% of the Revenue from Operations (Net). o Gross Margin expanded by 91 bps from 48.0% in Q
Slide 10: Brand Performance
Brand Performance Rampur Indian Single Malt • Select variants: o Rampur Asāva: World’s first whisky finished in Indian red wine casks; matured in American Bourbon Barrels and finished in Indian Cabernet Sauvignon Casks o Rampur Double Cask: Matured in hand-picked American Bourbon barrels and Europea
Slide 11: Brand Performance
Brand Performance Magic Moments Vodka • Magic Moments Verve in a new premium canister packaging • Marketing campaign with Bollywood stars Kartik Aryan and Jacqueline Fernandez • Continues to gain market share with Magic Moments now accounting for ~60% of the overall vodka market share and Verve acco
Slide 12: New Launch – Rampur Asava
New Launch – Rampur Asava World’s first whisky finished in Indian red wine casks Abhishek Khaitan, Managing Director of Radico Khaitan, unveiling Rampur Asāva at the Whisky Show 2020 Click to watch the launch video Earnings Presentation | Q2 and Half Year FY2021 10
Slide 13: Company Overview
Company Overview One of the largest and oldest spirit manufacturers in India Strategically limiting 75 years of One of the largest interstate taxes and experience in spirits 1943 spirits making. One 165 manufacturers. 32 transport costs. Five own and 28 Year of of the most Million litres Operates th
Slide 14: Strategic Roadmap
Strategic Roadmap Focus on building brands and driving a profitable growth Innovation and brand building Premium growth Strong cash flow generation and deleveraging • Established track record: Magic Moments • Growth driven by Prestige & Above category • Focused on a profitable growth driven by vodka
Slide 15: Social Responsibility
Social Responsibility Actively contributing to the development of the society CSR at Radico Khaitan is creating sustainable programs that actively contribute to and support the social and economic development of the society. The Company is committed to community development, enhancing livelihood, pr
Slide 16: Statutory Results
Statutory Results Statement of Standalone IND AS Financial Results for the quarter and half year ended September 30, 2020 Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter Six Months Six Months Year ended ended ended ended ended ended 30.09.2020 30.06.2020 30.09.2019 30.09.2020 30.
Slide 17: Statutory Results
Statutory Results Statement of Standalone Asset & Liabilities As at As at As at As at September 30, March 31, September 30, March 31, Particulars 2020 2020 Particulars 2020 2020 (Unaudited) (Audited) (Unaudited) (Audited) ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and eq
Slide 18: Statutory Results
Statutory Results Standalone Statement of Cash Flows for the half year ended September 30, 2020 September 30, March 31, September 30, March 31, Particulars Particulars 2020 2020 2020 2020 A. Cash flow from operating activities B. Cash flow from investing activities Profit for the year before tax 15,
Slide 19: Statutory Results
Statutory Results Notes: 1. The unaudited standalone financial results of the Company, for the quarter and half year ended September 30, 2020, have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 28, 2020. The statutory auditors have express
Slide 20: 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 21: 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