Radico Khaitan Limited · NSE:RADICO
Radico Khaitan — Q3 FY2015 Earnings Presentation
15 slides from Radico Khaitan's earnings presentation, Feb 10, 2015
Slide 1: Q3 FY2015 Earnings Presentation
Radico Khaitan Limited (NSE: RADICO; BSE: 532497) Q3 FY2015 Earnings Presentation February 10, 2015
Slide 2: Important Notice
Important Notice 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 performa
Slide 3: Financial Highlights
Financial Highlights Q3 FY2015 vs. Q3 FY2014 • Net Sales of Rs. 496.8 Crore • Prestige & Above brands volume growth of 7.2% • Prestige & Above brands increased from 19.3% to 21.4% of total IMFL volumes • Operational EBITDA of Rs. 51.3 Crore at 10.3% margins • Operational Net Income of Rs. 26.5 Crore
Slide 4: Management Perspectives
Management Perspectives Commenting on the results and performance, Dr. Lalit Khaitan, Chairman and Managing Director said: “Despite the ongoing headwinds faced by the Indian spirits industry, Radico Khaitan has been able to sustain its performance. The operating environment remained challenging with
Slide 5: Economic Environment
Economic Environment Input costs expected to stabilise in the near term; Price increases across states to offset subdued volumes • As per the India Sugar Mills Association (ISMA), sugar production in the current 2014-15 sugar season until December 2014 was 7.46 MT compared to 5.86 MT during the same
Slide 6: Financial Overview
Financial Overview Q3 and Nine Month FY2015 Financial Performance Q3 y-o-y Nine Month y-o-y (Rs. Crore) FY2015 FY2014 Growth (%) FY2015 FY2014 Growth (%) Gross Sales 1,165.1 1,164.3 0.1% 3,410.7 3,283.0 3.9% Net Sales 496.8 494.3 0.5% 1,427.0 1,407.5 1.4% Operational EBITDA 51.3 55.0 (6.9)% 148.9 16
Slide 7: Operational Performance
Operational Performance Prestige & Above category continues to be a key contributor and driver of future growth Prestige & 19.3% 21.4% Above as % of 18.5% 21.1% Total Volume 156.51 149.79 127.50 118.16 51.79 50.00 41.80 39.29 39.29 36.46 29.01 31.63 9.99 8.85 10.71 9.78 Q3 FY14 Q2 FY14 Q3 FY15 Q29M
Slide 8: Performance Discussion
Performance Discussion Q3 FY2015 Financial Highlights Net Sales: Net Sales remained flat y-o-y at Rs. 496.8 Crore. IMFL sales contributed 72% of total sales. Prestige & Above brands delivered a volume growth of 7.2% compared with Q3 FY2014. As a percentage of total IMFL volumes, these brands now con
Slide 9: Quarterly Performance Trends
Quarterly Performance Trends Total IMFL Volume (lakh cases) Prestige & Above Category Volume 19.3% 17.3% 20.8% 21.1% 21.4% 55 12 50 10 8 45 6 40 4 35 2 51.79 47.09 53.55 46.24 50.00 9.99 8.16 11.14 9.78 10.71 30 0 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 % % of
Slide 10: Company Overview
Company Overview Radico Khaitan is one of the leading players in the premium spirits segment Radico Khaitan Overview Market Leading Premium Brands • One of the largest players in the Indian spirits • Launched in 2005, Magic Moments is industry the market leader in the premium • Operates three distil
Slide 11: Statutory Results
Statutory Results Third Quarter and Nine Months Results for FY2015 Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter 9 Months 9 Months Year ended ended ended ended ended ended 31.03.2014 31.12.2014 30.09.2014 31.12.2013 31.12.2014 31.12.2013 (Audited) (Unaudited) (Unaudited) (Unaud
Slide 12: Statutory Results
Statutory Results Third Quarter and Nine Months Results for FY2015 Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter 9 Months 9 Months Year ended ended ended ended ended ended 31.03.2014 31.12.2014 30.09.2014 31.12.2013 31.12.2014 31.12.2013 (Audited) (Unaudited) (Unaudited) (Unaud
Slide 13: Statutory Results
Statutory Results Third Quarter and Nine Months Results for FY2015 PART II Sl. No. Particulars (1) (2) (3) (4) (5) (6) Quarter Quarter Quarter 9 Months 9 Months Year ended ended ended ended ended ended 31.03.2014 31.12.2014 30.09.2014 31.12.2013 31.12.2014 31.12.2013 (Audited) (Unaudited) (Unaudited
Slide 14: Statutory Results
Statutory Results Third Quarter and Nine Months Results for FY2015 Notes: 1. The above financial results were reviewed by the Audit Committee and taken on record by the Board of Directors in their meeting held on 10th February 2015. 2. The Statutory Auditors have carried out a limited review of the
Slide 15: Radico Khaitan Limited
Contact Details: Radico Khaitan Limited (CIN: L26941UP1983PLC027278) B-1/J-1, Mohan Co-operative Industrial Area Main Mathura Road, New Delhi – 110044 Phone: +91 11 409 75 400 / 500 Fax: +91-11-41678841/42 www.radicokhaitan.com Dilip Kumar Banthiya banthiyadk@radico.co.in Chief Financial Officer +91