S H Kelkar And Company Ltd · NSE:SHK
S H Kelkar And — Q4 FY2023 Earnings Presentation
21 slides from S H Kelkar And's earnings presentation, May 31, 2023
Slide 1: Submission of Earnings Presentation and Press Release
May 30, 2023 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: S H Kelkar announces Q4 & FY2023 results
S H Kelkar and Company Limited Corporate Office: L.B.S Marg, Near Balrajeshwar Temple, Mulund (W), Mumbai – 400080 Registered Office: Devkaran Mansion, 36, Mangaldas Road, Mumbai 400 002. S H Kelkar announces Q4 & FY2023 results FY2023 Revenue from Operations stood at Rs. 1,686.5 crore EBITDA* stood
Slide 3: FY23 performance overview compared with FY22
FY23 performance overview compared with FY22** − Revenues from operations at Rs. 1,686.5 crore as against Rs. 1,564.2 crore, up 7.8% o Fragrance and Flavours revenues (excluding global ingredients) increased 9.8% to Rs 1,631 crore o Emerging markets (excluding global ingredients) sales stood at Rs.
Slide 4: About S H Kelkar and Company Limited
About S H Kelkar and Company Limited: S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company in India. It has a long-standing reputation in the fragrance industry developed in 100 years of experience. Its fragrance products and ingredients are used as a raw mat
Slide 5: S H Kelkar and Company Limited Q4 & FY23
S H KELKAR AND COMPANY LIMITED Q4 & FY23 Earnings Presentation May 30, 2023
Slide 6: 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 7: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “Our core Fragrance and Flavour divisions reported a stable performance over last year while operating in a subdued external environment. However, the Global Ingredient seg
Slide 8: Q4 & FY23 – Key Financial Highlights
Q4 & FY23 – Key Financial Highlights Total Income Gross Profit EBITDA* Cash Profit 1,698 672 181 177 1,582 634 235 232 459 474 177 191 69 75 46 53 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Shift % (Y-o-Y) 3.2% 7.4% 8.2% 6.0% 8.8% 1.3% 15.
Slide 9: Revenue Performance (excl Global Ingredients) – Q4 & FY23
Revenue Performance (excl Global Ingredients) – Q4 & FY23 Business Segment Market Segment 1,3451,418 1,278 1,141 389 388 334 359 345 354 214 104 101 48 72 141 Fragrances Flavour Emerging Market Europe Shift % (Y-o-Y) -0.3% 5.4% 49.7% 51.9% Shift % (Y-o-Y) 7.7% 12.0% -2.6% 2.5% Geography Wise 946 803
Slide 10: Segmental Performance (excl Global Ingredients) – Q4 & FY23
▪ Core Fragrance division reported steady Segmental Performance (excl Global Ingredients) – performance throughout the year Q4 & FY23 − While India revenues experienced a notable 10% growth, the Fragrance Division - Revenue Fragrance Division - EBIT challenging environment in Europe 174 posed diffic
Slide 11: Segmental Performance Region-wise
Segmental Performance Region-wise Fragrance (excl Global Ingredients) Revenue Break-up – FY 23 Revenue Q4 FY 23 FY 23 RoW, 16% Y-o-Y Growth (%) India 9.8% 9.2.% Europe, Europe -10.2% -0.9% India, 57% 27% Rest of the World (RoW) -11.4% 3.7% Total Growth -0.3% 5.4% Flavours Revenue Break-up – FY 23 Re
Slide 12: Europe Core Business Performance (Euro Mn)
Europe Core Business Performance (Euro Mn) Revenue Core Gross Margins (%) EBITDA (%) 54.2% 28.2% 33.5 33.5 47.4% 47.6% 48.8% 23.2% 20.0% 15.9% 9.1 8.9 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Shift % (Y-o-Y) -2.4% -0.1% ▪ SHK has managed to maintain stable perfor
Slide 13: Global Ingredients – Q4 & FY23
Global Ingredients – Q4 & FY23 Revenue 74 46 12 10 Note: Cash and cash equivalent includes investments in mutual fund Q4 FY22 Q4 FY23 FY22 FY23 ▪ In recent years, the Global Ingredients Shift % (Y-o-Y) -19.5% -37.7% segment has faced significant cost pressures adversely affecting its competitiveness
Slide 14: Balance Sheet Snapshot – As on March 31, 2023
Balance Sheet Snapshot – As on March 31, 2023 476 1,064 940 90 0.43x Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity (x) Note: 10 1) Figures in Rs. crore unless specified otherwise
Slide 15: Financial Leverage
Financial Leverage Net Debt Net Debt to Equity 509 476 0.47 0.43 0.34 0.29 March 2022 March 2023 FY20 FY21 FY22 FY23 Interest Cost 24 16 FY22 FY23 Debt reduction Rs. xxx crore and interest saving of Rs. xxx crore Note: 11 1) Figures in Rs. crore unless specified otherwise
Slide 16: Annexure
Annexure 12
Slide 17: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Particulars (Rs. crore) Q4 FY 23 Q3 FY 23 Q4 FY 22 YoY Gr % FY 23 FY 22 YoY Gr % Revenues from Operations Sales 447.1 371.3 423.5 5.6% 1,603.9 1,458.5 10.0% Sales - Contract Manufacturing 22.6 12.0 26.3 -14.0% 73.0 101.1 -27.8% Other Operating Income 2.7 1.6 0.8
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet Consolidated Statement of Assets and Liabilities As at March 31, 2023 As at March 31, 2022 Consolidated Statement of Assets and Liabilities As at March 31, 2023 As at March 31, 2022 Particulars Audited Audited Particulars Audited Audited A ASSETS B EQUITY AND LIABILITIES N
Slide 19: Conference Call Details
Conference Call Details S H Kelkar and Company – Q4 & FY23 Earnings Conference Call Time • 12.00 noon IST on June 01, 2023 Primary dial-in number • +91 22 6280 1141 • +91 22 7115 8042 • Hong Kong: 800 964 448 International Toll-Free Number • Singapore: 800 101 2045 • UK: 0 808 101 1573 • USA: 1 866
Slide 20: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour Company For further information please contact: 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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