S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q3 & 9M FY19 Earnings Presentation
19 slides from S H Kelkar And's earnings presentation, Feb 6, 2019
Slide 1: Exchange submission cover letter
Kevalp February 06, 2019 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 C
Slide 2: S H Kelkar and Company Limited Q3 & 9M FY19 Earnings Presentation
Crafting Sensorial Delight S H Kelkar and Company Limited Largest Indian-origin Fragrance & Flavour Company Q3 & 9M FY19 Earnings Presentation February 6, 2019
Slide 3: Disclaimer
Disclaimer Certain statements and opinions with respect to the anticipated future performance of 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. Such forward-lo
Slide 4: Q3 & 9M FY19 Results Overview
Crafting Sensorial Delight Q3 & 9M FY19 Results Overview
Slide 5: Management Comment
Management Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: Comment “Over the last 3 years, since the listing of our Company, the business has undergone three high- intensity market disruptions which include Demonetization, GST implementati
Slide 6: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Y-o-Y Y-o-Y Particulars (Rs. crore) Q3 FY19 Q3 FY18 9M FY19 9M FY18 Change (%) Change (%) Revenues from Operations (Sales 254.5 281.8 -10% 772.6 736.5 5% excluding Excise & GST) Other Operating Income 0.3 0.4 -25% 2.1 1.2 75% Total Operating Income 254.8 282.2 -
Slide 7: Key Developments
Key Developments Healthy progress towards ramping up production at Mahad facility The state-of-the-art facility at Mahad manufactures Tonalid and other key raw materials used in the fragrance industry The facility, commissioned in September, 2018, is expected to reach optimal utlizations levels
Slide 8: 9M FY2019 Financial and Operational Discussions (Y-o-Y)
9M FY2019 Financial and Operational Discussions (Y-o-Y) Revenues from operations stood at Rs. 773 crore as against Rs. 737 crore, higher by 5% YoY - constant currency revenues growth was at 2.3% The Company reported a steady revenue growth in 9M FY19. During Q3 FY19, the Company reported a subdued
Slide 9: 9M FY2019 Financial and Operational Discussions (Y-o-Y)
9M FY2019 Financial and Operational Discussions (Y-o-Y) EBITDA stood at Rs. 124 crore; EBITDA margins at 16.0% Pricing pressures on key raw materials continued to impact profitability on a YoY basis. The Company has undertaken price increases during the period under review to partially cover the u
Slide 10: Fragrance Division
Fragrance Division Net Revenue & Operating Profit Fragrance division delivered a steady growth during the 9M period – domestic revenues grew 103 by 6%, overseas revenues up by 7% 107 In Q3 FY19, the Company reported de-growth in 40 37 domestic revenues owing to considerable sales 652 692 decline
Slide 11: Flavour Division
Flavour Division Net Revenue & Operating Profit 17 10 Flavour division reported subdued performance 7 4 during the period with a decline in domestic revenues 85 80 27 28 Overseas segment continued to report healthy sales during Q3 & 9M FY19 Operating profit was at Rs. 10 crore with margins Q3
Slide 12: Balance Sheet Snapshot – As on December 31, 2018
Balance Sheet Snapshot – As on December 31, 2018 Networth Fixed Assets Cash & Investments Net Debt 11 Note: Figures in Rs. crore
Slide 13: Cash Flow Snapshot
Cash Flow Snapshot 9M Particulars (Rs. crore) FY14 FY15 FY16 FY17 FY18 FY19 Cash flow from Operations 32.1 61.7 86.4 102.3 103.3 41.4 Cash flow from investing activities -63.7 -17.3 -22.4 -96.0 -220.6 -101.3 Net -31.6 44.4 64.0 6.3 -117.3 -59.9 Note: Cash and cash equivalent includes investments in
Slide 14: Robust Historical Financial Trend
Robust Historical Financial Trend Total Operating Income EBITDA 189 177 981 1,025 160 925 145 835 132 761 EBITDA Margin 19.0% 15.8% 17.1% 17.9% 18.0% FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 PAT Return on Net Worth & Return on Capital 105 Employed (%) 93 RONW ROCE 79 73 64 22.7% 21.0% 21.0%
Slide 15: Key Financial Ratios
Key Financial Ratios Particulars (Rs. crore) FY14 FY15 FY16 FY17 FY18 EBITDA margin (%) 19.0 15.8 17.1 17.9 18.0 PAT Margin (%) 10.4 7.7 7.8 10.6 8.8 Debt to Equity 0.4 0.5 0.1 0.1 0.2 Return on Networth (%) 18.3 13.5 13.9 14.3 13.8 Return on Capital Employed (%) 21.0 17.6 21.0 22.7 20.2 Note: 1. Re
Slide 16: Annexure
Crafting Sensorial Delight Annexure
Slide 17: Conference Call Details
Conference Call Details S H Kelkar and Company Ltd.’s Q3 & 9M FY19 Earnings Conference Call Time • 2.00 PM IST on Thursday, February 7, 2019 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
Slide 18: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & For further information please contact: Flavour Company in India. It has a long standing reputation in the fragrance industry developed in 96 years of experience. Its fragrance products and Ms. Deepti Chandratre i
Slide 19: Thank You
Crafting Sensorial Delight Thank You
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