Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Q1 FY2019 Earnings Presentation
31 slides from Radico Khaitan's earnings presentation, Mar 1, 2019
Slide 1: Earnings Presentation First Quarter FY2019
Radico Khaitan Ltd. (BSE: 532497; NSE: RADICO) Earnings Presentation First Quarter FY2019
Slide 2: Q1 FY2019 Performance Highlights
Q1 FY2019 Performance Highlights Solid start to the year with a strong all round performance Broad based volume growth across key brands and key states Total volume +19.1%; Prestige & Above +30.2% Solid topline growth coupled with significant profitability improvement Revenue of Rs. 516.38 Cr up 25.
Slide 3: Q1 FY2019 Performance Highlights
Q1 FY2019 Performance Highlights Continued volume growth led by Prestige & Above brands driving strong topline performance +19.1% + 30.2% + 14.7% + 25.6% 46.91 55.85 13.16 17.14 33.75 38.71 411.29 516.38 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Total IMFL Volume Prestige & Abo
Slide 4: Q1 FY2019 Performance Highlights
Q1 FY2019 Performance Highlights Strong profitability improvement + 47.9% + 86.5% 265 bps 297 bps 61.23 90.56 25.18 46.97 14.9% 17.5% 6.1% 9.1% Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBITDA Total Comprehensive EBITDA Total Comprehensive (Rs. Crore) Income (Rs. Crore) Margin
Slide 5: Q1 FY2019 Performance Highlights
Q1 FY2019 Performance Highlights Ongoing reduction in long term borrowings and improvement in capital structure ratios Net debt reduction Leverage ratio improvement Net Worth strengthened Leverage ratio improvement Rs. 140 Cr. 0.68x + 4.1% + 0.14x 569.70 429.49 2.13 1.45 1,142.12 1,189.09 0.52 0.38
Slide 6: Q1 FY2019 Performance Highlights
Q1 FY2019 Performance Highlights Improved profitability and cash flows resulted in deleveraging and interest cost reduction Cumulative Net Debt reduction of Rs. 517 Cr since March 2016… …Resulted in annualized interest cost saving of 48% Net Debt Position (Rs. Crore) Annual Interest Cost (Rs. Crore)
Slide 7: Performance Highlights
Performance Highlights Solid all round performance and ongoing deleveraging Q1 FY2019 vs. Q1 FY2018 o Revenue from Operations (Net) of Rs. 516.38 Cr (+25.6%) o Prestige & Above brands volumes increased by 30.2% o Prestige & Above brands contribution to the total IMFL volumes of 30.7% o Gross Margin
Slide 8: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “After a strong performance in FY2018, Radico Khaitan started the fiscal year 2019 on a new high. Our Q1 FY2019 results are a testament to the management’s years of hard work in d
Slide 9: Performance Overview
Performance Overview Q1 y-o-y Full Year y-o-y FY2019 FY2018 Growth (%) FY2018 FY2017 Growth (%) Operational Performance (Lakh Cases) Prestige & Above 17.14 13.16 30.2% 50.47 47.49 6.3% Regular & Others 38.71 33.75 14.7% 144.52 135.11 7.0% Total Volume 55.85 46.91 19.1% 194.99 182.6 6.8% Prestige & A
Slide 10: Performance Overview
Performance Overview Q1 y-o-y Full Year y-o-y (Rs. Crore) FY2019 FY2018 Growth (%) FY2018 FY2017 Growth (%) Gross Sales 2,115.28 1,375.46 53.8% 6,270.36 4,867.95 28.8% Revenue from Operations 516.38 411.29 25.6% 1,822.77 1,679.90 8.5% Other Income 2.73 5.27 (48.1)% 26.67 19.65 35.8% Income from Oper
Slide 11: Performance Discussion
Performance Discussion Q1 FY2019 Highlights (Y-o-Y) o Revenue from Operations (Net): Revenue from Operations grew by 25.6%. Total IMFL volumes increased by 19.1%. This volume growth was led by a strong Prestige & Above category volume increase of 30.2%. Volume growth was broad based across key state
Slide 12: Leading market positioning
Leading market positioning The Millionaires’ Club 2018 global rankings 4th Fastest growing whisky in the th 11 in the world by Largest vodka 7th Largest rum in the world by 5th Largest brandy in the world by world volume volume volume Largest whisky 11th in the world by volume Earnings Presentation
Slide 13: Company overview
Company overview One of the largest spirits manufacturers in India Strategically limiting 75 years of One of the largest interstate taxes and experience in spirits 1943 making. One of the 157 spirits manufacturers. Operates three 28 transport costs. Five own and 23 Year of most recognized Bottling M
Slide 14: Clearly defined strategic roadmap
Clearly defined strategic roadmap Focus on building brands and driving a profitable growth Strong cash flow generation and Innovation and brand building Premium growth deleveraging • Established track record: Magic Moments • Growth driven by Prestige & Above category • Focused on a profitable growth
Slide 15: Jaisalmer Indian craft gin
Product portfolio Jaisalmer Indian craft gin Earnings Presentation | Q1 FY2019 14 14
Slide 16: Rampur Indian single malt
Product portfolio Rampur Indian single malt Rampur Indian Single Malt Whisky: Decades of Perfection Takes forward the rich heritage of Rampur, a princely state of British India and the 75 years of distillation expertise of Radico Khaitan, the pioneers of legendary spirits in India. Aged in the footh
Slide 17: Magic Moments vodka and Magic Moments Verve
Product portfolio Magic Moments vodka and Magic Moments Verve Verve Super Premium Vodka: High on Verve Using a 5 stage filtration process with silver and platinum filters, this vodka possesses the ability to send you in trance. Magic Moments Vodka: Zing up Life The tantalizing aroma of its flavor an
Slide 18: Electra ready-to-drink
Product portfolio Electra ready-to-drink Exploring the wilderness within, the quest to conquer the usual and zest to go beyond limits, is what drives non conformists. To kick the boring out of their lives we have introduced a gush of raw adrenalin for them – Electra. Electra is triple distilled and
Slide 19: Morpheus Blue super premium brandy
Product portfolio Morpheus Blue super premium brandy Earnings Presentation | Q1 FY2019 18 18
Slide 20: Morpheus super premium brandy
Product portfolio Morpheus super premium brandy Earnings Presentation | Q1 FY2019 19 19
Slide 21: 1965 premium rum
Product portfolio 1965 premium rum Earnings Presentation | Q1 FY2019 20 20
Slide 22: Regal Talon whisky
Product portfolio Regal Talon whisky Regal Talons Rare Generation Whisky: Unbeatable Spirit The finest blend that combines Indian grain spirits with imported aged scotch malts to deliver an exceptional smoothness. Regal Talons has been especially made for those who believe in conquering and always e
Slide 23: Pluton Bay rum
Product portfolio Pluton Bay rum Pluton Bay Rare Exotic Rum: Spirit of Adventure A unique experience, with a perfect blend of international design and world-class packaging. Rare and smooth taste, offering a premium blend. A rich, full and spicy dark rum with caramel and spice on the nose. Smooth an
Slide 24: After Dark premium whisky
Product portfolio After Dark premium whisky After Dark Fine grain whisky: One life, many passions. Why wait? Night has different connotations for different people, it unfolds differently and brings a unique world of desire, adventure and excitement. It’s where fun and action begins and party never s
Slide 25: 8PM whisky
Product portfolio 8PM whisky 8PM Whisky: ‘Aath ke Thaath’ When the hand of the clock sweeps to 8, its time to end the wait. It unleashes a carefree streak and engulfs one into an aura of unmatched experience and true essence of ‘Aath ke Thaath’. 8PM is the flagship brand of Radico Khaitan and became
Slide 26: Contessa rum
Product portfolio Contessa rum Contessa XXX rum: For the Man of Courage Another millionaire brand from Radico Khaitan’s straddle. This brand has surpassed expectations and has garnered strong foothold in the Indian market. This rum truly reflects the real meaning of courage and the taste simply touc
Slide 27: Old Admiral brandy
Product portfolio Old Admiral brandy Old Admiral Brandy: For Real Men Only Made specially for the men with pride, honour and courage. The splendid taste of this spectacular brandy celebrates the greatness achieved and passion for all good things in life. The classic taste perfectly blended with rich
Slide 28: Statutory Results
Statutory Results Statement of Unaudited Standalone Financial Results for the quarter ended June 30, 2018 Rs. In lakhs No. Particulars (1) (2) (3) (4) Quarter Quarter Quarter Year ended ended ended ended 30.06.2018 31.03.2018 30.06.2017 31.03.2018 (Unaudited) (Refer Note 4) (Unaudited) (Audited) 1 I
Slide 29: Statutory Results
Statutory Results Quarter Ended June 30, 2018 Notes: 1. The audited standalone financial results of the Company for the quarter ended June 30, 2018 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 24, 2018. The statutory auditors have expre
Slide 30: Contact information
Contact information 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 perfo
Slide 31: Radico Khaitan Limited
Radico Khaitan Limited (CIN: L26941UP1983PLC027278) J-I, Block B-I, Mohan Co-operative Industrial Area, Mathura Road, New Delhi-110044 Ph.: +91-11-40975400/5500 Fax: +91-11-41678841/42 www.radicokhaitan.com