S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q4 FY2022 Earnings Presentation
21 slides from S H Kelkar And's earnings presentation, May 26, 2022
Slide 1: Cover letter to stock exchanges
May 26, 2022 To To The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 539450
Slide 2: Q4 & FY22 Earnings Presentation
S H KELKAR AND COMPANY LIMITED Q4 & FY22 Earnings Presentation May 26, 2022
Slide 3: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of SH Kelkar (SHK) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Suc
Slide 4: Q4 & FY22 Results Overview
osn7 INU DIDS & Q4 & FY22 Results Overview
Slide 5: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “We have ended the fiscal year on a steady note, despite macro-challenges such as Covid-19 led disruptions and inflationary raw material environment. Although FMCG consumpt
Slide 6: Financial and Operational Discussions (Y-o-Y)
Financial and Operational Discussions (Y-o-Y) FY22 Total Income stood at Rs. 1,581.7 crore, higher by 17.6% ▪ SHK reported a steady performance on the revenues front driven by healthy demand in both Emerging and European markets − Emerging markets’ revenues were higher by 7% in FY22 ▪ Domestic core
Slide 7: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Quarter ended Growth % over Year ended YoY Particulars (Rs. crore) Q4 FY 22 Q3 FY 22 Q4 FY 21 Q3 FY 22 Q4 FY 21 FY 22 FY 21 Growth% Total Income 459 404 405 14% 13% 1,582 1,345 18% GM% 39% 41% 42% 41% 43% EBITDA 68 64 75 7% -9% 232 260 -11% % 14.9% 15.8% 18.6% 1
Slide 8: Balance Sheet Snapshot – As on March 31, 2022
Balance Sheet Snapshot – As on March 31, 2022 509 1,094 968 123 0.5x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 1) All Figures in Rs. crore 7
Slide 9: Key Developments
Key Developments Participation in Global RFP: ▪ SHK’s participation in a global RFP (Request for Proposal) is a major milestone in its long-term growth journey. The process is progressing as per internal targets ▪ The Company is undertaking initiatives to strengthen its market position in the global
Slide 10: Fragrance Division
Fragrance Division ▪ The Fragrance division delivered a stable performance during Q4 & FY22 despite raw material disruptions in the industry Q4 Q4 Y-o-Y Y-o-Y ▪ The segment saw improved client Particulars (Rs. crore) FY22 FY21 FY22 FY21 (%) (%) engagements during the year across geographies, which s
Slide 11: Flavour Division
Flavour Division Q4 Q4 Y-o-Y Y-o-Y ▪ Flavour segment reported healthy growth in Particulars (Rs. crore) FY22 FY21 revenues FY22 FY21 (%) (%) ▪ NuTaste' s profitability included an Ind AS Revenue - Organic 35.6 33.0 7.7% 128.0 111.8 14.4% impact of Rs 0.5 crore. In addition, as per SHK group policy,
Slide 12: Europe Business Performance
Europe Business Performance ▪ Acquired businesses – CFF, Nova and Holland Abridged P&L Statement Aromatics delivered robust performance led Quarter Quarter by improved demand and volume off-take in Year ending Year ending ending Mar ending Mar the Italian and European markets Mar 31, 2022 Mar 31, 20
Slide 13: Cash Flow Snapshot
Cash Flow Snapshot Particulars (Rs. crore) FY17 FY18 FY19 FY20 FY21 FY22 Net Cash flows from operating activities 102 103 77 205 195 50 Net Cash flow from investing activities -96 -221 -137 -40 -149 -160 Net 6 -118 -60 165 46 -110 Note: Cash and cash equivalent includes investments in mutual fund •
Slide 14: Key Financial Ratios
Key Financial Ratios Particulars (Rs. crore) FY17 FY18 FY19 FY20 FY21 FY22 EBITDA margin (%) 17.9 18.0 14.9 14.8 19.3 14.7 PAT Margin (%) 10.6 8.8 8.2 6.3 9.8 9.4 Debt to Equity 0.1 0.2 0.4 0.4 0.4 0.5 Return on Networth (%) 14.3 13.8 12.0 10.0 17.9 15.6 Return on Capital Employed (%) 22.7 20.2 13.5
Slide 15: Annexure
Annexure 14
Slide 16: Amortization of Intangible Assets
Amortization of Intangible Assets Estimated amortization of Intangible assets (Rs. crore) Intangibles created on acquisition – amortized over 10 years 8.4 28.3 28.3 28.3 20.4 9.8 9.0 9.0 9.0 12.9 FY 21 FY 22 FY 23 E FY 24 E FY 25 E Acquisitions Other Intangibles ▪ SHK concluded the full acquisition
Slide 17: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q4 FY22 Q4 FY21 Y-o-Y Change (%) FY22 FY21 Y-o-Y Change (%) Revenue from Operations 450.6 397.0 13.5% 1,564.2 1,322.0 18.3% Sales 423.5 376.0 12.6% 1,458.5 1,260.0 15.7% Sales - Contract Manufacturing 26.3 20.5 28.2% 101.1 55.1 83.5% Othe
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet EQUITY AND LIABILITIES CONSOLIDATED CONSOLIDATED ASSETS CONSOLIDATED CONSOLIDATED As at 31st March 2022 As at 31st March 2021 As at 31st March 2022 As at 31st March 2021 Particulars (Rs. Crore) Particulars (Rs. Crore) (Audited) (Audited) (Audited) (Audited) Equity ASSETS E
Slide 19: Conference Call Details
Conference Call Details S H Kelkar and Company – Q4 & FY22 Earnings Conference Call Time • 03:00 PM IST on Tuesday, May 31, 2022 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 India Local access Number • +91 70456 71221 (Available all over India) • Hong Kong: 800 964 448 International
Slide 20: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour For further information please contact: Company in India. It has a long-standing reputation in the fragrance industry developed in 96 years of experience. Its fragrance products and ingredients are used as
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