#1MANSION HOUSE Tilaknagar Industries Limited Earnings Presentation - Q3 & 9M FY24 MANSION HOUSE ADA AUD$ U ADA MANSION HOUSE MANSION HOUSE MANSION HOUSE MANSION HOUSE Flandy Flandy Flandy FRENCH BRANDY CHERRY Original French Process PEACH BABE BLEND CRAFTED BY EXPERTS ORANGE IMANEAR-ROOSTRE LAKNAGAR INDUSTRIES LI CHAMBERS OURRIER POLEON MANSION HOUSE AUA CHAMBERS BRANDY COURRIER NAPOLEON CLASSIC FRENCH BRANDY ADA COURRIER NAPOLEON Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness. BAR INDUSTREE BLUE LAGOON BLUE LAGOON BLUE LAGOON *DA BLUE LAGOON *U* BLUE LAGOON *U* BLUE LAGOON MANSION HOUSE GIN LEMON ESTD. 1933 TILAKNAGAR INDUSTRIES LTD pasitas ADA TI MANSION HOUSE U TI's GIN SPECIALLY DISTALER GIN ORANGE SPECIALLY DISTILLED FROM PREMIUM GRADE ALCOHOL GOLD WHISKY 750ml PREMIUM DARK XXX RUM#200000 Disclaimer 00000 ESTD. 1933 T This presentation may include statements which may constitute forward-looking statements including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Tilaknagar Industries' future business developments and economic performance. Forward looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The information and opinions contained in this presentation are current. The Company undertakes no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice. Tilaknagar Industries Ltd. 2#3Q3 & 9M FY24 PERFORMANCE *** TILAKNAGAR Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness. NOW IS A DIFFERENT BEAT MANSION HOUSE Flandy -ORANGE FLAVOURED BRANDY- ATA MANSION HOUSE Flandy ORANGE WELCOME THE AKNAGAN INDUSTRIES U NOW#400000 00000 Management commentary 66 Mr. Amit Dahanukar, Chairman & Managing Director We continue to be focused on a three-pronged strategic approach; sustainable growth, margin expansion and cash flow management " ESTD. 1933 T Our company achieved YoY growth of 13.1% in Q3 FY24 and 22.2% in 9M FY24, compared to overall IMFL industry growth of 2-3% for 9M FY24 Both our millionaire brands, MHB and CNB continue to gain market share; Flandy saliency as % of MHB in relevant states has also grown significantly Mansion House Chambers, our latest premium brandy, is showing promising results in Puducherry, our first launch state; we will soon launch Chambers in our other key states Our Net Sales Realization (NSR) per case continues to expand, 1,309 in Q3 FY24 compared to 1,222 in Q3 FY23, a YoY growth of 7%; on account of improved brand and state mix as well as price increases received over the course of this financial year The industry continues to reel under significant inflationary pressures, especially on the raw material side; despite this, we have been able to expand our margins due to a sustained premiumization trend and other cost optimization initiatives I am pleased to announce that CRISIL has assigned a rating of A-/Stable in January 2024, which could potentially lead to reduced interest rates for us in the future Our strategy to meet need gaps across price points in brandy category continues, with the launch of Mansion House Chambers in Puducherry; we now have 5 offerings across price points in the brandy category in the state; a strategy we intend to replicate across states On the marketing front, we released "The Flandy Song" on World Brandy Day i.e. 8th December 2023; our first large scale brand anthem. The video and the song has received tremendous traction and is helping us in our aim to make brandy more youthful, aspirational and inclusive Tilaknagar Industries Ltd. 4#500000 00000 Key highlights - Q3FY24 Total Volumes (lacs cases) NSR (per case) ESTD. 1933 T +13% +7% 28.5 29.5 1,222 1,273 1,309 26.0 Q3FY23 Q2FY24 Revenue (crs) Q3FY24 Q3FY23 Q2FY24 Q3FY24 EBITDA (* crs) & EBITDA Margin (%) 13.4% 13.4% 13.6% +24% +27% 377 51 354 47 303 41 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Tilaknagar Industries Ltd. 5#600000 00000 Key highlights - 9MFY24 Total Volumes (lacs cases) 68.0 +22% 83.1 9MFY23 9MFY24 Revenue (crs) 807 +28% 1,035 NSR (* per case) ESTD. 1933 T 1,190 +7% 1,278 9MFY23 9MFY24 EBITDA (crs) & EBITDA Margin (%) 11.6% 94 13.3% +46% 137 9MFY23 9MFY24 9MFY23 9MFY24 Tilaknagar Industries Ltd. 6#700000 Consistent growth in volumes 00000......Q3FY24 has been the highest selling quarter since FY15 Quarterly volumes (lacs cases) I I 67% volume growth vs. Q3 FY20 (pre-Covid) 18.9 19.5 18.1 18.5 18.7 17.6 18.1. 17.2 17.7 16.3 16.5 14.7 14.9 13.8 13.5 6.0 11.1 29.5 28.4 28.5 26.0 25.1 24.3 FY19 FY20 FY21 FY22 FY23 FY24 Q1 22 Q2 Q3 Q4 Tilaknagar Industries Ltd. ESTD. 1933 T 7#8ESTD. 1933 00000 00000 Debt reduction journey T Debt Journey (* Crs) (a) Debt as of 31-Dec-23 (Crs) (a) 1,199 543 449 349 250 239 188 164 16 36 36 111 492 361 269 182 136 141 119 Kotak Term Loan Trade Deposits Vendor Financing Mar-19 Mar-21 Mar-22 Sep-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-21 Mar-22 Sep-22 Mar-23 Jun-23 Sep-23 Dec-23 Gross debt (a) Debt includes interest bearing trade deposits Tilaknagar Industries Ltd. Net debt 8#900000 CRISIL assigns A-/Stable rating 00000 ■ Total bank loan facilities rated 200 crore Rating assigned in January 2024 Long term rating CRISIL A-/Stable (Assigned) ■ Rating assigned for term loan facility of upto 150 crore and for working capital facility of upto ₹ 50 crore ■ The rating reflects the heathy business risk profile of TIL backed by its established leadership position in the brandy segment aided by strong brands such as Mansion House and Courier Napolean, improving operating efficiency as well as financial risk profile ■ Assigned credit rating could potentially reduce interest rates going forward Tilaknagar Industries Ltd. ESTD. 1933 T 9#1000000 Income Statement 00000 Particulars (Crs) Revenue from Operations (Gross) Excise Duty ESTD. 1933 T Q3 FY24 Q3 FY23 Y-o-Y Q2 FY24 Q-o-Q 9M FY24 9M FY23 Y-o-Y 797.5 675.5 18.1% 750.2 6.3% 2,187.7 1,752.0 24.9% 420.9 372.6 13.0% 395.8 6.3% 1,152.5 945.1 21.9% Revenue from Operations (Net) Cost of Material Consumed Change in Inventories Total Cost of Goods Sold Gross Profit 376.7 302.9 24.4% 354.4 6.3% 1,035.2 806.9 28.3% 183.4 174.7 5.0% 176.2 4.0% 509.8 443.6 14.9% 8.0 -21.8 NM 5.4 48.5% 14.2 -25.0 NM 191.4 152.9 25.2% 181.7 5.4% 524.0 418.6 25.2% 185.3 150.0 23.5% 172.7 7.3% 511.1 388.3 31.6% Employee Expenses 11.0 10.7 2.8% 10.4 6.2% 31.4 28.2 11.5% Other Expenses 122.9 98.7 24.5% 114.9 6.9% 342.5 266.4 28.6% EBITDA 51.4 40.6 26.7% 47.4 8.4% 137.2 93.7 46.4% EBITDA Margin (%) 13.6% 13.4% 25 bps 13.4% 26 bps 13.3% 11.6% 164 bps Other Income 8.4 1.2 622.2% 0.5 1647.3% 10.1 2.4 316.0% Depreciation 8.0 8.2 -1.9% 8.2 -3.0% 24.1 24.4 -1.5% EBIT 51.8 33.6 54.3% 39.7 30.7% 123.2 71.7 71.9% EBIT Margin (%) Finance Cost Exceptional Items Profit Before Tax Profit Before Tax (%) Tax Profit After Tax 13.5% 11.0% 241 bps 11.2% 228 bps 11.8% 8.9% 293 bps 8.1 9.0 -10.8% 7.7 4.0% 21.8 32.2 -32.3% 0.0 51.3 -100.0% 5.1 -100.0% 5.1 51.3 -90.0% 43.8 75.9 -42.3% 37.0 18.2% 106.6 90.8 17.4% 11.4% 25.0% -1359 bps 10.4% 93 bps 10.2% 11.2% -102 bps 0.0 0.0 NM 0.0 NM 0.0 0.0 NM 43.8 75.9 -42.3% 37.0 18.2% 106.6 90.8 17.4% Profit After Tax excl. Exceptional Items 43.8 24.6 78.3% 31.9 37.1% 101.4 39.5 157.0% PAT Margin (%) excl. Exceptional Items 11.4% 8.1% 329 bps 9.0% 237 bps 9.7% 4.9% 483 bps Reported Diluted EPS (As per Profit after Tax) 2.25 4.31 -47.7% 1.95 15.7% 5.54 5.33 3.8% Tilaknagar Industries Ltd. 10#11000000000000000000 U MANSION HOUSE CHAMBERS MANSION HOUSE CHAMBERS BRANDY FRENCH STYLE MANSION HOUSE CHAMBERS BRANDY FRENCH STYLE Distiller's Blend U MANSION HOUSE CHAMBERS BRANDY FRENCH STYLE MATURED IN OAK CASKS EXPERT FRENCH TECHNIQUE Distiller's Blend MATURED IN OAK CASKS EXPERT FRENCH TECHNIQUE Distiller's Blend#1200000 Launch of Mansion House Chambers... 00000... ...Following up on the Flandy launch to make brandy more aspirational WELCOME TO THE CHAMBERS Tilaknagar Industries Ltd. WELCOME TO THE CHAMBERS LEGACY WELCOME TO THE CHAMBERS MOMENT 0 MANSION HOUSE CHAMBERS SION HOUS HAMBERS MANSION HOUSE CHAMBERS BRANDY ESTD. 1933 T MANSION HOUSE NSION HOUS AMBERS CHAMBERS MANSION HOUSE CHAMBERS BRANDY Golden's Bland ■ A different kind of welcome inviting discerning individuals into a realm of exquisite style, celebration, sophistication, luxury and timeless refinement ■ For those who appreciate the finer things in life and savor life's most extraordinary moments ■ Join us in this immersive experience, where every detail speaks to the unparalleled craftsmanship and legacy that defines Mansion House Chambers 12#1300000 Meeting need gaps across premium price points in brandy... 00000.. ...Puducherry is the first state for launch of Mansion House Chambers Offerings across multiple P&A segments in Brandy ESTD. 1933 T BRAND Mansion House Chambers MANSION HOUSE CHAMBERS BANDY +50% Latest launch P&A BRAND Courrier Napoleon Brandy Green COURRIER NAPOLEON +30% The percentage for each brand shows the premium/discount to MHB price in Puducherry Shows Tilaknagar Industries' brands available in Puducherry BRAND Mansion House Flandy ADA MANSION HOUSE Flandy CHERRY ADA MANSION HOUSE Flandy ORANGE ADA MANSION HOUSE Flandy PEACH P&A BRAND Mansion House Brandy Courrier Napoleon Brandy Red MANSION HOUSE COURRIER NAPOLEON BAKHAGAR INDUSTRIES U INAR INDUSTRIES +25% Base price India's first premium flavoured brandy India's highest selling brandy P&A BRAND Strategy to replicate across states -20% Prestige & Above segment brand 13#1400000 00000 Launch of "The Flandy Song" from the house of Mansion House MANSION HOUSE Flandy Released on World Brandy Day i.e. 8th December 2023; "The Flandy Song" is TI's first large scale brand anthem ESTD. 1933 T Collaborated with prominent artists like Vedala Hemachandra, Yashwant Nag, Asura and Nawab Gang, Damini Bhatla Performance marketing metrics: 128 mn impressions 29 mn reach 31 mn views Available across: ))) YouTube Meta Spotify® amazon prime music Apple Music gaana Tilaknagar Industries Ltd. 14#1500000 "A Warm Welcome" 00000. ...Mansion House Brandy's new proposition, giving the brandy category the voice, it deserves A WARM WELCOME to time with friends Tilaknagar Industries Ltd. A WARM WELCOME AA MANSION HOUSE FRENCH BRANDY TILAKNAGAR MANSION HOUSE GRAND OPENING TILAKNAGAR MANSION HOUSE FRENCH BRANDY FRENCH BRANDY ADA MANSION HOUSE FRENCH BRANDY A WARM WELCOME to new beginnings ADA MANSION HOUSE FRENCH BRANDY BAKNAGAR THOSTBES LAKNAGAR IN TORA ESTD. 1933 T 15#1600000 00000 Multiple awards at the Spiritz Conclave & Achievers' Awards 2023 Leader of the year Company of the year Brand promotion - Digital space ESTD. 1933 T 2023 od Ricard de co Spiritz Achievers' Astards 2023 Proudly Presers GOLD Amit Dahanukar CMD-Tews LM Leader of the Year SPIRITZ CONCLAVE AND ACHIEVERS' AWARDS 2023 Spiritz Conclave & Achievers' Award 2023 CompofeeD il STD. 1 AKN AMIT DAHANUKAR CHAIRMAN & MD LEADER OF THE YEAR TILAKNAGAR INDUSTRIES LTD TILAKNAGAR INDUSTRIES LTD COMPANY OF THE YEAR Tilaknagar Industries Ltd. INDUSTRI SPIRITZ CONCLAVE AND ACHIEVERS AWARDS 2023 Pamion-igital ysio ust td A WARM WELCOME BY MANSION HOUSE BRAND PROMOTION- DIGITAL SPACE 16#1700000 Mansion House Brandy... 00000 ...One of the fastest growing alcobev and largest selling brandy brands globally THE DRINKS INTERNATIONAL MILLIONAIRES' 2023 BREAKING THE 100M CASE BARRIER IWSR drinks market analysis Executive Summary Report 2023 India Rising tide lifts all boats in India's buoyant beverage alcohol market World's 2nd Fastest Growing Spirits Brand India's Largest Selling Brandy and World's 2nd Largest Selling Brandy Tilaknagar Industries Ltd. BRAND CHAMPIONS 火 2023 ESTD. 1933 T Fast-paced Million-case-selling spirits compete to be number one SUPREME BRAND CHAMPION SOCIAL MEDIA HEROES TOP 150 Brandy Brand Champion 2023 17#18TILAKNAGAR MANSION HOUSE Flandy -ORANGE FLAVOURED BRANDY- COMPANY & INDUSTRY OVERVIEW NOW IS CAME ON TA MANSION HOUSE Flandy ORANGE AKNAGAR INDUSTRIES L WELCOME THE NOW Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness.#1900000 About the Company 00000 Largest brandy manufacturer in India with presence across all segments of IMFL 1933 90 years since incorporation & 50+ years of experience in alcobev manufacturing 19 Manufacturing units across 12 states Owned: 4 units Contract manufacturing: 15 units * All data is for FY23; manufacturing units is as on date Tilaknagar Industries Ltd. R Адд ROI ים 15+ 鼎 93% A 9.64mn 86% Brands across products Share of Brandy as % of total volumes Volumes (in cases) sold ESTD. 1933 T Share of sales to South India as % of total volumes 19 19#2060000 Our journey 00000 The turnaround well and truly coming to fruition 1933-2007 2008-2014 2014-2017 2018 onwards ESTD. 1933 T o Founded in 1933 as Maharashtra Sugar Mills Ltd. (MSML) to manufacture sugar and allied products o Tilaknagar Distilleries and Industries Ltd. (TDIL) promoted as 100% subsidiary of MSML to manufacture industrial alcohol, IMFL and sugar cubes o TDIL merged with MSML after MSML exits sugar business and renamed to Tilaknagar Industries Acquired subsidiaries Vahni Distilleries (Karnataka), Prag Distilleries (Andhra), Kesarval Springs Distillers (Goa) and PunjabExpo (Punjab) Acquired seven brands from Alcobrew Distilleries for CSD segment and IFB Agro's IMFL business ('Volga' vodka and 'Blue Lagoon' gin) for an entry into East Indian markets of West Bengal, Assam and Odisha Commissioned expansion of 50 KLPD molasses based distillery to 100 KLPD and 100 KLPD grain based distillery At its peak, registered net revenue of 824 crs in FY14 Expansion project at Prag stalled Defaults in repayment to banks and financial institutions o Sale of assets of Kesarval Springs Distillers to Indospirit Beverages Pvt. Ltd. in 2015 о О Restructuring of debt completed with EARC and one-time settlements reached with all lenders Enters into 10 yrs agreement to manufacture products for Pernod Ricard products in Maharashtra EBITDA more than doubled in FY23 to 137 crs Volumes in FY23 at 9.6 mn Raised more than 310 crs through preferential issue of equity + warrants, since Dec-21 Edelweiss ARC debt refinanced through existing cash reserves & Term Loan from Kotak Mahindra Bank CRISIL assigns A-/Stable rating in January 2024 Tilaknagar Industries Ltd. 20 20#2100000 00000 Brand portfolio Super-Premium 1,000 & Above Premium / Semi- Premium * 700-1,000 Deluxe * 500-700 (Note: All MRP for 750ml) Tilaknagar Industries Ltd. ESTD. 1933 T New Launch Mansion House Reserve Brandy Mansion House Chambers Courrier Napoleon Brandy Green India's first premium flavoured brandy Mansion House Flandy #1 Premium Brandy in India Mansion House Gold Mansion House Brandy MANSION HOUSE Whisky Madiraa XXX Rum madiras GOLD LAGOON Blue Lagoon CIN Gin GIN Courrier Napoleon Brandy Gold 21#2200000 00000 Two millionaire brands in the portfolio MANSION HOUSE India's largest selling brandy TI MANSION HOUSE FRENCH BRANDY ORIGINAL 19 Mastered in Oak Circl AUTHENTIE AKNAGAR INDUSTRIEST ** *** Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness. Tilaknagar Industries Ltd. COURRIER NAPOLEON Our second Millionaire brand CRIER, COURRIER NAPOL ON ON-B CNB -Y- KUA COURRIER NAPOLEON & COURRIER NAPOLEON FINEST FRENCH BRANDY BRAND AGAR INDUSTRIES ESTD. 1933 T 22 22#2300000 00000 Senior management ESTD. 1933 T Amit Dahanukar Chairman & Managing Director Abhinav Gupta CFO Previously CFO with Trident Limited Ameya Deshpande President-Strategy & Corp Dev Previously Investment Banker with Deutsche Bank and BNP Paribas & Co-founder at Authenticook Tarun Behl Vice President - Works 22+ yrs of alcobev experience In United Spirits/Diageo India, Shaw Wallace Shivani Dahanukar Executive Director Tilaknagar Industries Ltd. Ahmed Rahimtoola CMO 14+ yrs with Allied Blenders & Distillers Yuvraj Singh Som Vice President - Strategy & Operations 13+ yrs with Radico Khaitan Minu Bamboat Vice President - Secretarial 20+ yrs experience 23#24FULL YEAR FINANCIALS TI MANSION HOUSE FRENCH BRANDY Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness.#2500000 Improving business fundamentals Premiumisation strategy to enhance margins and cash flows Total Volumes Sold (mn cases) Share of Brandy to total volumes sold 84% 89% 91% 92% 94% 93% 6.64 6.44 6.73 5.92 5.45 9.64 Brandy Sales (mn cases) ESTD. 1933 T 6.33 5.92 5.86 4.98 5.03 8.98 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 NSR per case (₹) 1.197 1.136 985 1.005 1.014 904 FY18 Tilaknagar Industries Ltd. Robust sales in South India (mn cases) Share of South India sales to total volumes sold 83% 87% 86% 86% 86% 86% 8.33 5.80 5.82 5.51 4.91 4.70 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 25 25#2600000 Focus on margins and cashflows Net Revenues (Crs) EBITDA (Crs) and EBITDA Margin (%) Finance Cost (* Crs) and as % of Net Revenues ESTD. 1933 T 137 112 56 14% 54 12% 10% 8% 1,164 783 661 653 578 ار التي اس 152 184 th 129 20% 13% 8% 71 62 3% 40 3 549 0% FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 -52 FY20 FY18 FY19 FY20 FY21 FY22 FY23 FY21 FY22 FY23 (a) EBITDA for FY20 is not comparable due to write-offs impacting EBITDA Tilaknagar Industries Ltd. 26#2700000 Income Statement ESTD. 1933 T Particulars (Crs) Mar-23 Mar-22 Mar-21 Revenue from Operations (Gross) 2,469.3 1,792.1 1,418.4 Excise Duty 1,304.9 1,008.7 869.6 Revenue from Operations (Net) 1,164.4 783.4 548.8 Cost of Material Consumed 633.3 378.0 291.3 Change in Inventories of Finished goods & Work in Progress -17.0 4.4 -13.9 Total Cost of Goods Sold 616.3 382.4 277.4 Gross Profit 548.1 401.0 271.4 Employee Expenses 37.6 32.1 25.2 Other Expenses EBITDA EBITDA Margin (%) Other Income Depreciation EBIT EBIT Margin (%) Finance Cost Exceptional Items/Share from Associates Profit before Tax Profit before Tax (%) Tax Profit After Tax 373.3 256.8 192.1 137.2 112.1 54.1 11.8% 14.3% 9.9% 7.5 10.5 11.4 32.3 32.7 33.1 112.3 89.8 32.4 9.6% 11.3% 5.8% 40.2 61.9 71.0 77.7 13.2 0.0 149.9 41.2 -38.6 12.8% 5.2% -6.9% -0.0 -4.0 -0.2 149.9 45.2 -38.4 Profit After Tax excl. Exceptional Items 72.2 32.0 -38.4 PAT Margin (%) excl. Exceptional Items 6.2% 4.0% -6.9% Reported Diluted EPS (As per Profit after Tax) 8.56 3.08 (3.07) Tilaknagar Industries Ltd. 27#2800000 Balance Sheet 00000 Particulars (Crs) ASSETS Non Current Assets - Property, plant and equipment Capital work-in-progress Right of use assets Intangible assets Financial Assets (i) Investments (ii) Loans (iii) Other Financial Assets Income Tax Assets (Net) Other non-current assets Total Non Current Assets - Current Assets Inventories Financial Assets (i) Investments (ii) Trade receivables (iii) Cash and cash equivalents (iv) Bank balances other than (iii) above (v) Loans (vi) Other current financial assets Other current assets Total Current Assets TOTAL ASSETS Tilaknagar Industries Ltd. ESTD. 1933 T Mar-23 Mar-22 Mar-21 417.5 438.8 467.8 0.1 100.2 100.1 2.2 0.2 0.4 0.3 0.3 0.4 0.5 0.0 0.0 0.1 28.5 41.4 29.0 4.3 3.1 3.8 6.5 9.2 69.8 460.1 593.3 671.3 116.2 72.3 72.1 22.1 338.8 236.8 181.1 34.8 42.7 44.9 9.4 27.9 3.2 0.0 0.0 7.7 17.0 0.2 22.5 23.3 38.7 551.5 420.0 340.2 1011.5 1013.3 1011.5 28#2900000 Balance Sheet 00000 Particulars (Crs) Equity (a) Equity share capital (b) Other equity Total Equity Liabilities Non Current Liabilities - Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other Financial Liabilities Deferred Tax Liabilities Provisions Other Non-Current Liabilities Total Non-Current Liabilities Current Liabilities Financial liabilities ESTD. 1933 T Mar-23 Mar-22 Mar-21 185.3 158.6 297.6 -25.1 125.4 -181.2 482.9 133.5 -55.7 24 381 459 2.1 0.1 0.1 64.3 40.2 60.2 4.1 4.7 4.3 14.5 30.5 94.5 440.5 554.1 (i) Borrowings 229.1 204 242.9 (ii) Lease liabilities 0.3 0.1 0.5 (a) total outstanding dues of micro enterprises and small enterprises 34.4 23.7 25.4 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 94.7 147.6 122.6 (iv) Other financial liabilities 29.6 17.7 73.4 Other current liabilities Provisions Current tax liabilities (net) Total Current Liabilities Total Equity and Liabilities Tilaknagar Industries Ltd. 12.2 19.8 19.3 33.7 26.3 29 0 434.1 439.3 513.1 1012 1013.3 1012 229#3000000 00000 Cash Flow Statement ESTD. 1933 T Particulars (Crs) Mar-23 Mar-22 Mar-21 Cash Flow from Operating Activities Profit before Tax 149.9 41.2 -38.6 Adjustment for Non-Operating Items 4.7 -86.9 -106.9 Operating Profit before Working Capital Changes 145.2 128.1 68.3 Changes in Working Capital -72.8 -67.6 14.3 Cash Generated from Operations 72.4 60.4 82.6 Less: Direct Taxes paid Net Cash from Operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities -1.2 4.7 2.9 71.3 65.1 85.5 -11.8 -25.9 -0.3 -67.4 -41.3 -77.6 Net increase/ (decrease) in Cash & Cash equivalent Add: Cash and cash equivalents as at 1st April Add: Net effect of exchange gain on cash and cash equivalents Cash and cash equivalents as at 31st March 34.8 42.7 44.9 -7.9 -2.1 7.5 42.7 44.9 37.3 Tilaknagar Industries Ltd. 30#31For further information, please contact: Company : ESTD. 1933 AU$ TILAKNAGAR INDUSTRIES LTD Tilaknagar Industries Ltd. (BSE: 507205 | NSE: TI) Ameya Deshpande President - Strategy & Corporate Development Email: [email protected] Investor Relations Advisors: O orient capital Orient Capital (a division of Link Group) Mr. Nikunj Jain +91 9769060608 [email protected] Mr. Amar Yardi +91 7045121239 [email protected] "Drink responsibly: The consumption of alcoholic beverages should always be approached responsibly and with awareness. MANSION HOUSE 104 MANSION HOU CHERRY Thank You