Tilaknagar Industries Limited · NSE:TI
Tilaknagar Industries — Q4 FY2011 Earnings Presentation
17 slides from Tilaknagar Industries's earnings presentation, 2011
Slide 1: Tilaknagar Industries Ltd. Q4 & FY2011 - Investor Presentation
Tilaknagar Industries Ltd. Q4 & FY2011 - Investor Presentation 1
Slide 2: Areas of Discussion
Areas of Discussion Key Perspectives FY2011 & Q4 FY2011 – Financials Financial Snapshot FY2011‐ Key Balance Sheet Perspectives & Key Ratios FY2011 & Q4 FY2011 – Volumes 5 Year CAGR snapshot Message g from the Chairman Company Overview Moving M i Ah Ahead d Note‐ All financial discu
Slide 3: Key Perspectives
Keyy Perspectives p A leading player in the Indian Made Foreign Liquor (IMFL) market in India Growth story driven by robust volume performance Brand portfolio of over 40 brands at varied price points catering to all consumption segments TI’s leading millionaire brands ‘Madira Rum’ and ‘Mansi
Slide 4: FY2011 - Financials
FY2011 ‐ Financials EBITDA (Rs. (Rs mn) Revenues (Rs. mn) 4,710 1,162 4,500 1,000 4,000 3,890 846 800 3,500 600 3,000 455 2,492 , 400 2,500 2,000 200 FY2009 FY2010 FY2011 FY2009 FY2010 FY2011 • Strong volume growth on the back of increasing PAT (Rs. mn) consumer demand and expansion of product 396 p
Slide 5: Financial Snapshot
Financial Snapshot (in Rs. million) Particulars Q4 FY2011 Q4 FY2010 Shift % FY2011 FY2010 Shift % Net Sales 1296.2 1346.6 (3.7) 4683.3 3844.0 21.8 Other Operating 15 1.5 25 4 25.4 (94 2) (94.2) 26 2 26.2 45 7 45.7 (42 7) (42.7) Income Total Revenues 1297.7 1372.0 (5.4) 4709.5 3889.8 21.1 Expenditure
Slide 6: FY2011 – Key Balance Sheet Perspectives
FY2011 – Key Balance Sheet Perspectives Networth (Rs. mn) Gross Block (Rs. mn) 4,326 4,168 4,000 4,000 3,000 3,000 2,351 2,027 2,000 2,000 1,549 1,426 1,000 1,000 0 0 FY2009 FY2010 FY2011 FY2009 FY2010 FY2011 • Networth increased by 105.6% y‐o‐y to Rs. 4,168 mn in FY2011 augmented by QIP proceeds an
Slide 7: Balance Sheet Snapshot
Balance Sheet Snapshot (in Rs. million) Particulars FY2011 FY2010 Shift % Shareholders Funds 4168.2 2026.8 105.7 Loan Funds 4333.0 4494.4 (3.6) Deferred Tax Liabilities 199.1 119.5 66.5 TOTAL LIABILITIES 8700.3 6640.7 31.0 Goodwill 86.4 38.9 122.1 Fixed Assets 4545.4 3706.1 22.6 Investments 2.9 2.9
Slide 8: FY2011 – Key Ratios
FY2011 – Key Ratios P&L Ratios Particulars FY2011 FY2010 PBT Margin 13.6% 13.8% Basic EPS (Rs.) 3.76 5.90 Cash EPS (Rs.) 5.00 7.11 Balance Sheet Ratios Particulars FY2011 FY2010 ROCE 11.5 % 28.0 % Debt‐Equity 1.03 2.21 Q4 & FY2011 Investor Presentation 8
Slide 9: Volumes – FY2011
Volumes – FY2011 Sales Volume (mn cases) • Volume story intact with increase in 10.9 10.0 sales of existing brands and with new 8.0 additions/extensions to the portfolio 80 8.0 5.5 • Growth momentum in CSD continues to 6.0 drive volume story 4.0 2.0 • 2x growth from FY2009 0.0 FY2009 FY2010 • Flagsh
Slide 10: Volumes – Q4 FY2011
Volumes – Q4 FY2011 Sales Volume (mn cases) 4.00 3.07 2.68 • Healthy volume growth 2.00 • 14.6% y‐o‐y increase in sales volume in Q4 FY2011 0.00 • Millionaire brand Mansion House Q4-FY2010 Q4-FY2011 registered growth of 4% y‐o‐y Quantative Sales l segment d data 2 1.68 1.86 • Brandy and Whisky contr
Slide 11: 5 Year CAGR Snapshot
5 Year CAGR Snapshot PAT CAGR off 99 99.9% 9% tto Rs. R 395.7 395 7 million illi iin FY2011 EBITDA CAGR of 75.4% to Rs. 1,162.2 million in FY2011 Revenues CAGR of 45.1% to Rs. 4,709.5 million in FY2011 Volumes CAGR of 48.9% to 10.9 million cases in FY2011 Q4 & FY2011 Investor Presentation 11
Slide 12: Message from the Chairman
Message from the Chairman Commenting on these results, Mr. Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Ltd, said: “I am pleased to share with you, an encouraging set of numbers for FY 2011, driven primarily by our strong volumes. Our performance is a testament to our robust m
Slide 13: Company Overview
Company Overview • Strong presence Pan India • Dominance in Karnataka, Andhra Pradesh, Kerala , Tamil Nadu and Pondicherry • Strengthening the foothold in North and West India Leading • Brand bouquet of more player in • 3 in‐house manufacturing than 40 brands I di Made Indian M d (i l i off 3 (inclu
Slide 14: Moving ahead
Moving ahead Key initiatives: To drive growth and enhance strength of operations 9 Prime focus on premiumisation of products 9 Wide product basket with consistent introduction of new brands across segments Recent launch of premium quality product ‐ ‘Crown Prince brandy’ in Tamil Nadu, further ro
Slide 15: Moving ahead
Moving ahead 9 Key headwinds to volume growth are Inflationary pressures Higher taxes Political developments in Southern states On Financial performance: Growth outlook maintained, margins may moderate 9 Revenue performance will be driven by volume growth 9 Earnings growth will continue, led
Slide 16: Moving ahead
Moving ahead In a recent mandate, companies registered with CSD require at least 30% of the bottles to be packaged in glass. Prior to this, they had the flexibility to package all bottles in PET This is expected to impact the Company, as ~14% of TI’s volumes are from the CSD vertical Investmen
Slide 17: For further information, please visit www.tilind.com
For o further u t e information, o at o , pplease ease visit s t www.tilind.com: t d co Contact Details: Lalit Sethi Mona Mehta/ Urvashi Butani Tilaknagar Industries Ltd. Citigate Dewe Rogerson Tel: +91 22 22831718 Tel.: +91 91 22 66451258/1219 Fax: + 91 22 22046904 Fax: +91 22 66451213/1200 E‐mail:
Tilaknagar Industries — Q4 FY2011 Earnings Presentation on 6ix