S H Kelkar and Company Ltd · NSE:SHK
S H Kelkar and — Q3 FY2022 Earnings Presentation
23 slides from S H Kelkar and's earnings presentation, Feb 8, 2022
Slide 1: Cover letter to stock exchanges
\ Keva Febtuaty 07, 2022 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 Kutla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051 Scrip C
Slide 2: S H Kelkar announces Q3 & 9M FY2022 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 Q3 & 9M FY2022 results 9M FY2022 Revenues from operations at Rs. 1,109.8 cr EBITDA at Rs. 1
Slide 3: Management commentary and key developments
months, i.e. August to December 2020. Q3 & 9M FY22 results include consolidation of CFF and Nova performance • ** Q2 FY22 PAT includes exceptional loss of Rs. 6.2 crore and Q1 FY22 PAT included a reversal of additional tax provision aggregating Rs 64.5 crore for A.Y 2016-17 to A.Y. 2020-21 consequen
Slide 4: Acquisitions of Holland Aromatics and NuTaste
• The transaction brings on-board a high-potential company with a strong local presence in Europe, especially in the Northern European and German markets. This acquisition provides growth dimensions such as broadened product portfolio through cross- engagements, augmented client relations and better
Slide 5: 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 96 years of experience. Its fragrance products and ingredients are used as a raw mate
Slide 6: S H Kelkar and Company Limited Q3 & 9M FY22
S H KELKAR AND COMPANY LIMITED Q3 & 9M FY22 Earnings Presentation February 7, 2022
Slide 7: 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 8: Q3 & 9M FY22 Results Overview
Q3 & 9M FY22 Results Overview 3
Slide 9: Management Comment
Management Comment Commenting on the performance, Mr. Kedar Vaze, Whole Time Director & CEO at SH Kelkar and Company Ltd. said: “We have reported a steady performance in the quarter and nine months period. In our core domestic fragrance business, we saw improved demand momentum. Our CFF and Nova seg
Slide 10: Consolidated Summarized P&L Statement
Consolidated Summarized P&L Statement Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q3 FY22 Q3 FY21 9M FY22 9M FY21 (%) (%) Revenue from Operations 396.6 375.4 5.6% 1,109.8 918.6 20.8% Sales 368.0 353.0 4.2% 1,035.0 884.0 17.1% Sales - Contract Manufacturing 28.6 22.4 27.7% 74.8 34.6 116.2% Othe
Slide 11: Key Developments
Key Developments Acquisition of Holland Aromatics B.V.: ▪ Through its wholly owned subsidiary Keva Europe B.V., SHK has entered into an agreement to acquire a 100% stake in Holland Aromatics B.V. (Holland Aromatics), ▪ 62% of the stake has been acquired upon closure of the transaction on January 25,
Slide 12: Key Developments
Key Developments Participation in Global RFPs: ▪ SHK is participating in a global RFP (Request for Proposal) and will engage with MNCs on an interactive pitch for commercial tender submission ▪ Such global tender participation is in line with the Company’s strategy of more deeply associating with la
Slide 13: Financial and Operational Discussions (Y-o-Y)
Financial and Operational Discussions (Y-o-Y) 9M FY22 Total Income stood at Rs. 1,122.5 crore ▪ SHK reported a steady performance during 9M. On a year-on-year basis, the Company’s performance is not comparable on account of consolidation of CFF and Nova in 9M FY22 − Emerging markets’ revenues were h
Slide 14: Fragrance Division
Fragrance Division ▪ The Fragrance division delivered a stable performance during Q3 & 9M FY22 despite Q3 Q3 Y-o-Y 9M 9M Y-o-Y Particulars (Rs. crore) raw material disruptions in the industry FY22 FY21* (%) FY22 FY21* (%) ▪ Client wins across geographies continue to Revenues from Operations 360.7 34
Slide 15: Flavour Division
Flavour Division Q3 Q3 Y-o-Y 9M 9M Y-o-Y Particulars (Rs. crore) FY22 FY21* (%) FY22 FY21* (%) ▪ Flavour segment reported steady performance Revenues from Operations 35.9 34.4 4.5% 92.4 79.4 16.4% ▪ Margins were impacted on account of the EBIT 4.0 3.9 3.1% 13.7 13.6 0.4% raw material inflation EBIT
Slide 16: CFF & Nova Performance
CFF & Nova Performance Abridged P&L Statement Quarter ending Dec 31, 2021 Quarter ending Dec 31, 2020 ▪ CFF & Nova delivered growth on the back of Growth Particulars as a % of as a % of stable demand and volume off-take in the Rs. Crore Rs. Crore (YoY) Sales Sales Italian and European markets Core F
Slide 17: Balance Sheet Snapshot – As on December 31, 2021
Balance Sheet Snapshot – As on December 31, 2021 438 1,072 780 78 0.4 Networth Net Debt Fixed Assets Cash & Investments & Net Debt to Equity Note: 1) All Figures in Rs. crore 12
Slide 18: Cash Flow Snapshot
Cash Flow Snapshot Particulars (Rs. crore) FY17 FY18 FY19 FY20 FY21 9M FY22 Net Cash flows from operating activities 102 103 77 205 195 26.6 Net Cash flow from investing activities -96 -221 -137 -40 -149 -32.1 Net 6 -118 -60 165 46 -5.5 Note: Cash and cash equivalent includes investments in mutual f
Slide 19: Key Financial Ratios
Key Financial Ratios Particulars (Rs. crore) FY17 FY18 FY19 FY20 FY21 9MFY22 EBITDA margin (%) 17.9 18.0 14.9 14.8 19.3 14.6 PAT Margin (%) 10.6 8.8 8.2 6.3 9.8 12.1 Debt to Equity 0.1 0.2 0.4 0.4 0.4 0.4 Return on Networth (%) 14.3 13.8 12.0 10.0 17.9 17.0 Adjusted Return on Networth* (%) 16.1 16.1
Slide 20: Annexure
Annexure 15
Slide 21: Conference Call Details
Conference Call Details S H Kelkar and Company – Q3 & 9M FY22 Earnings Conference Call Time • 02:00 PM IST on Tuesday, February 08, 2022 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 Intern
Slide 22: About Us
About Us S H Kelkar and Company Limited (SHK) is the largest Indian-origin Fragrance & Flavour For further information please contact: Company 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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