STOVEKRAFTNSE8 February 2022

Stove Kraft Limited has informed the Exchange about Investor Presentation

Stove Kraft Limited

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STOVEKRAFT’

February 8, 2022

BSE Limited

National Stock Exchange of India Ltd.

Phiroze Jeejeebhoy Towers,

Exchange Plaza, Plot no. C/1, G Block,

Dalal Street, Mumbai- 400 001 Scrip Code: 543260

Dear Sir/Madam,

Bandra-Kurla Complex Bandra (E), Mumbai - 400 051 NSE Symbol: STOVEKRAFT

Sub: Investor Presentation for Q3 and 9M FY22

As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Investor presentation for Q3 and 9M FY22.

Kindly note our earnings call is scheduled on 09" February 2022 (Wednesday) at 10:30 AM, IST.

Please take the same on record.

Thanking you, For Stove Kraft Limited

Elangovan. S Company Secretary

Stove Kraft Limited #81/1 Medamaranahalli Village, Harohalli Hobli, Harohalli Industrial Area, Kanakapura Taluk, Ramanagara District, Bengaluru, India- 562 112 & +91 80 28016222 | > +91 80 2801 6209 | 4 info@stovekraft.com

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STOVE KRAFT LIMITED

NEW-AGE SOLUTIONS FOR THE NEW-AGE HOME Stunning, elegant products that speak out your class

INVESTOR PRESENTATION February 2022

Safe Harbor

This presentation has been prepared by and is the sole responsibility of Stove Kraft Limited (the “Company”). By accessing this presentation, you are agreeing to be bound

by the trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or

subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or

commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No

representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or

opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify

or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes

inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking

statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”,

“pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties,

assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or

achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to

differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to

the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The

Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

Q3 & 9M FY22 Financial Performance

9M FY22 Performance

Revenue from Operations

EBITDA^

Profit Before Tax (PBT)

Profit After Tax (PAT)*

Rs. 875 crores

Rs. 87.1 crores

Rs. 55.6 crores

Rs. 47.6 crores

+40.3%

-4.9%

-10.2%

-23.2%

Margin Profile

No. of Outlets

Revenue Breakup : 9M FY22

EBITDA Margins^

PAT Margins

70,610

10.0%

5.4%

51,976

Mar-21

18,634

30.3%

24.4%

Oulets added in 9MFY22

Dec-21

6.7%

10.9%

17.1%

Pressure Cookers

LED

Induction Cooktop

Gas Cooktp

Nonstick Cookware

Mixers / Small Appliances / Others

^ EBITDA excludes an exceptional charge against profits of Rs. 7.8 crores in 9MFY22 from an aged receivable not pertaining to current period operations

10.6%

* Profit After Tax (PAT ) is lower by Rs. 8.1 crores as the Company has started paying/providing for income taxes after setting off accumulated losses b/f from previous years

Q3 FY22 Performance

Revenue from Operations

EBITDA^

Profit Before Tax (PBT)

Rs. 298 crores

Rs. 21 crores

Rs. 10 crores

Profit After Tax (PAT) Rs. 11 crores

+1.1%

-51.1%

-70.0%

-66.8 %

Margin Profile

No. of Outlets

Revenue Breakup : Q3 FY22

EBITDA Margins^

PAT Margins

70,610

7.2%

3.7%

63,428

Sep-21

7,182

31.5%

24.8%

Oulets added in Q3FY22

Dec-21

7.5%

^ EBITDA excludes an exceptional charge against profits of Rs. 2.9 crores in Q3FY22 from an aged receivable not pertaining to current period operations

12.3%

9.3%

Pressure Cookers

LED

Induction Cooktop

Gas Cooktp

Nonstick Cookware

14.6%

Mixers / Small Appliances / Others

Operational & Financial Highlights for Q3/9M FY22

• The quarter saw a tepid growth in revenue vis-à-vis last year. This was primarily driven by a higher base in FY20 since Diwali was in middle of November last year and consequently had a positive impact in third quarter of FY20. For this year, majority of the Diwali purchases occurred before 3rd quarter and as a result volumes were relatively muted when compared to last year

• Company witnessed cost pressures from raw material price increase. However, the Company did not pass on this increase to end-consumers as Company was expecting this increase to reverse. The company has increased its price in Q4 and going forward, the impact of raw material price increase will be limited on margins

•

In addition, the Company continues to focus on backward integration of the facilities, thereby increasing efficiencies and reducing costs

• The Company continues to invest and expand product offerings both organically and inorganically. The Company is entering into branded modular kitchen segment and electric switches & accessories segment through acquisition of Metsmith and business of SKAVA Electric respectively

• Expansion of distribution network coupled with increased product offerings and technology upgradation will offer significant

growth opportunities in the future and also allow Company to increase its market share

Increased Volumes during 9M FY22

Pressure Cooker*

Gas Cooktops

Induction Cooktops

-9.8%

12.3

11.1

+41.3%

24.7

34.9

2.2

-28.2%

1.6

+8.3%

5.3

5.7

+47.9%

+65.2%

4.1

9.3

2.8

5.6

Q3FY21

Q3FY22

9MFY21

9MFY22

Q3FY21

Q3FY22

9MFY21

9MFY22

Q3FY21

Q3FY22

9MFY21

9MFY22

Non Stick Cookware*

LED

Small Appliances/Mixers/Others

-31.8%

22.0

15.0

+9.4%

63.2

69.1

-9.1%

28.9

26.3

+28.8%

57.4

-22.6%

73.9

29.1

22.5

57.8

+23.6%

71.5

Q3FY21

Q3FY22

9MFY21

9MFY22

Q3FY21

Q3FY22

9MFY21

9MFY22

Q3FY21

Q3FY22

9MFY21

9MFY22

Units in Lakhs

*Represents quantity sold in single units and not as combos

Expansion into New Businesses

Branded Modular Kitchen Segment

Electric Switches and Accessories

• Stove Kraft will enter into branded modular kitchen segment

through acquisition of Metsmith, along with the entire team of operations and designers

• Through acquisition of business of SKAVA Electric Private Limited, Stove Kraft will offer low voltage switchgear solutions like electrical switches, sockets, distribution boxes, switch boards, M.C.B, bulb holders, etc.

• A Pigeon RTA kitchen with plywood kitchen cabinets, granite top, kitchen sink, chimney, cooktop & accessories shall be available to the customer from April 2022 at an all delivered starting price of INR69,990/-

• Company will

incur additional capex to expand capacity as well as

automate the lines in the near future

• Total consideration of Rs. 4 crores; For FY21, this business recorded

revenues of ~INR10 Cr.

• As part of this transaction, promoter of SKAVA will join Stove Kraft as a business head of this segment and ensure smooth transition and support future business growth

• This market is currently dominated by unorganized / unbranded players and represents a strong opportunity to disrupt and capture market share

• Stove Kraft will also incur additional capex of Rs. 5 crores over next 3-4

years on moulds and machines to increase production capacity

Both these businesses will leverage Stove Kraft’s manufacturing expertise, strong brand recall and pan-India distribution network

Profit & Loss Statement – Q3 & 9M FY22

Profit & Loss Statement (Rs. Crs.)

Q3 FY22

Q3 FY21

Revenue from Operations

Cost of Materials Consumed

Purchase of stock-in-trade

Changes in Inventories of Finished Goods and Work in Progress

Gross Profit

GP %

Employee Benefits Expense

Other Expenses

EBITDA

EBITDA %

Other Income

Depreciation and Amortisation Expense

EBIT

Finance Costs

Allowance for expected Credit Loss

PBT

Total Tax Expense

Profit for the year

PAT %

298.0

206.7

39.9

-42.9

94.3

31.7%

33.5

39.4

21.5

7.2%

0.1

5.6

15.9

3.0

2.9

10.0

-1.1

11.1

294.7

144.7

45.4

-0.6

105.1

35.7%

23.6

37.5

44.0

14.9%

0.1

3.8

40.3

5.6

1.2

33.5

Y-o-Y

1.1%

-10.3%

-51.1%

-60.4%

-70.0%

-66.8%

9M FY22

9M FY21

875.0

553.2

90.8

-53.5

284.5

32.5%

87.6

109.9

87.1

10.0%

0.6

14.5

73.2

9.8

7.8

55.6

8.1

47.6

623.5

304.7

106.9

-7.6

219.4

35.2%

54.8

73.0

91.6

14.7%

0.7

10.6

81.7

15.6

4.0

62.0

0.0

62.0

Y-o-Y

40.3%

29.7%

-4.9%

-10.3%

-10.2%

-23.2%

* Profit After Tax (PAT ) is lower by Rs.8.1 crores as the Company has started paying/providing for income taxes after setting off accumulated losses b/f from previous years

3.7%

11.4%

5.4%

9.9%

About Stove Kraft Limited

Headquartered in Bengaluru, Karnataka

Manufacture and retail of a wide and diverse suite of kitchen solutions under Pigeon, Gilma, and Black+Decker brands

Retail lighting solutions under the Pigeon LED brand

Well equipped backward integrated manufacturing facilities

• Bengaluru (Karnataka)

• Baddi (Himachal

Pradesh)

Presence in more than 27 states & 5 UTs in India

• 9 C&F Agents

• 700+ Distributors

• 70,000+ Retail Outlets

Built a Separate Distribution Network for Pigeon, Gilma, Black+Decker and Pigeon LED

Key Milestones

1999

2001

2003

2008

2010

Incorporated Stove Kraft as a Pvt. Limited

Granted trademark registrations for Gilma

Granted trademark registrations for Pigeon

Investments by SIDBI

Commenced production at Harohalli facility

First Investment by Sequoia

2014

2015

2018

2019

2021

Commenced exports to retailers in the USA

Certificate of registration of design was granted for our product ‘Super cooker’

Achieved sales of 9.1 million units

LED Plant in Bangalore & Inner Lid Cooker Plant in Baddi, HP

IPO with listing on NSE and BSE

Competitive Strengths

One stop shop for well recognised, award winning portfolio of kitchen solutions brands with a diverse range of products across consumer preferences and consistent focus on innovation

Widespread, well connected distribution network with a presence across multiple retail channels and a dedicated after-sales network

Strong Manufacturing Capability with efficient backward integration with focus on quality

Wide range of branding and marketing activities

Professional management with a successful track record backed by an experienced board of directors

1. Diverse range of products across consumer preferences…

• Cookware–Pressure cooker, wonder cast cookware, non-stick cookware,

electric rice cookers and titanium hard anodized cookware

• Cooktops and other kitchen solutions –Hobs, glass cooktops, stainless steel

cooktops, induction cooktops and chimneys

• Small appliances –Mixer grinders, rice cookers, electric kettles,

toasters, sandwich makers, knives, steam irons, juicers, food steamers, air fryers and electric grills

• Other products –Emergency lamps, water bottles and flasks, aluminum

ladders, cloth dryers, water heaters, dustbins and mops

LPG Stoves

Massage apparatus

Water heaters

Chimney

Hobs

Cooktops

Kitchen sinks

• Small appliances –Food processors, juicers, hand blenders, hand mixers, mini choppers, oven toaster grills, rice toasters, coffee makers, cookers, sandwich makers and kettles

• Other products –Steam irons, dry fin irons, water heaters and oil radiators

LED bulbs

Battens

Downlights

Multi-brand approach to capture the entire value chain…

Value

Semi - Premium

Premium

• 20+ year old brand • One of the market leaders for certain products such as cookware*

• Launched in 2016 and

manufacturing commenced in 2019

• Offers a modular kitchen experience

• Comprises chimneys, hobs and cooktops across price

ranges and designs

• Sold exclusively though Gilma branded outlets, which are

owned and operated by franchisees

• Gilma specific mobile application for customers to raise

post sales service requests

• Entered into an exclusive brand licensing agreement

with Stanley Black & Decker Inc. in 2016

• Retailer for and provider of post-sales service for

blenders, juicers, breakfast appliances, etc.

• Separate distribution spread across 10 states

*Source: F&S Report

1. …with continuous focus on innovations

Consistent launch of innovative products

Upcoming Launches

Turbo Chopper

Feather Touch Mixer Grinder

Super Cooker Registered design with customizable products into multiple utilities

Super Storm Advanced With forced air-cooling technology

Personal Blender

Pro Chopper

Infinity Glass Cooktop Glass cooktops with a fastener free body

2. Well connected distribution network…

k r o w e m a r F s e c i v r e S s e l a S

 Implemented BIZOM for tracking and capturing movement of field sales executives and service

engineers on real time basis

 Utilise DMS to track secondary and tertiary sales and maintain inventory level at the

distributor’s centre

 Dedicated service team with full in-house capabilities

 End services provided through company technicians

 Centralized CRM software enables tracking of customer requests, pre-installation & post-sales

support

 Centralized call centres and allocation of service requests to branches based on mapping

 Dedicated mobile app for Gilma customers to raise installation and post sales services requests

Pigeon

Gilma

Pigeon LED

Black+Decker

70,000+

C & F Agents

Retail Outlets

70+

Exclusive Gilma Stores

Note: Data as of 31 December 2021, OEM – Original Equipment Manufacturing, DMS – Distributor management system, Personnel- corresponds to sales & marketing personnel

2. … with huge exports opportunity

Netherlands

USA

Mexico

Kuwait

Bahrain Qatar

UAE

Iran

Nepal

India

Sri Lanka

Philippines

Uganda

Tanzania

Stovekraft (OEM)

Pigeon

Head Quartered

Export Countries

2 Countries

OEM Partnerships

Export Sales %

3. State of the Art Manufacturing Facilities with focus on quality

Baddi, Himachal Pradesh

 Dedicated in-house R&D facility

 Comprising of 13 personnel and tie-ups with foreign companies for

technology enablement

ISO 9001:2015 certified

Bengaluru, Karnataka

 Focus on quality is maintained at all stages

 Sourcing of raw materials  Product development  Manufacturing stage

 Subject to a rigorous review and monitoring process undertaken at

our Bengaluru Facility

Total ~46 acres with ~30 acres available for future expansion

 Dedicated sourcing team and quality assurance team based out of

China

Both facilities have a high level of backward integration, and our manufacturing process is not dependent on third party suppliers and OEMs

3. Backward Integration of our Facility

Pressure Cooker Gasket Manufacturing Plant

Glass Lid Manufacturing Plant

• Backward integrated to now make all our pressure cooker gaskets in

• At 32,000 lids a day we have our 100% requirement being

house

covered by this plant

•

The facility has a testing and formulation lab as well which allows us to improve the life of the gasket without compromising on its quality

• We can control

the tempering as well as the curvature of the lids in this facility giving us the flexibility for our varied products with glass lids

the size,

4. Wide range of branding and marketing

Brand popularity and recall value is maintained by a wide

range of marketing and advertising activities coordinated by

in-house team of 5 personnel

• in-shop displays, merchandising, kiosks, live demo

stands and social media marketing

• continuously engage with various publications, TV

channels and other media

Diversification of product portfolio to suit

the needs of

customers by regularly seeking insights and feedback from

them

Allows customers to engage with the brand specifically designed for their budget and lifestyle

4. Introducing Distributor Management System

Tally Connect and DMS picks up Pigeon products billing data

Insights on basis of this data will help distributor grow

DMS

Insights

Why DMS

Improve operations and provide effective sales and inventory management related only to Pigeon products

Distributor

TALLY

Retailer

Distributor receives goods from SKL

Distributor bills goods to retailers on Tally

Distributor delivers goods to retailers

Improved inventory management leading to lower costs

Information on the right stocking patterns

Better time management due to automation of manual activities

Enhanced efficiency due to faster transactions

Regular assessment of retailer performance to decide on partnerships

Faster processing of schemes and claims(once schemes are rolled out based on secondary sales)

5. Professional Management

Mr. Rajendra Gandhi, Managing Director

• Founder of Stove Kraft with over 21 years of experience

• Entrepreneur who built Stove Kraft to one of the leading brands*for kitchen appliances in India

• Continues to be closely involved in the day-to-day affairs of the Company and is instrumental in promoting Stove Kraft’s culture of innovation

Mr. Rajiv Mehta, Chief Executive Officer

Mr. A.S. Balaji, Chief Financial Officer

•

Independent director on the board of Stove Kraft since June 2018 & has been re- designated as the CEO with effect from September 2019

• Previously worked as the CEO of Arvind Limited

• Bachelor’s degree in Chemical Engineering from the University of Mumbai and a

Master’s degree in Science from University of Pennsylvania; MBA from INSEAD

• Chartered Accountant and Cost Accountant over a decade of rich experience in

finance, business excellence, process automation & risk consulting.

• Previously associated with reputed organizations like CavinKare Pvt Ltd and KPMG

• Demonstrated history of working with private and publicly held companies in diverse

industries including FMCG, Logistics, insurance, manufacturing etc.

Ms. Neha Gandhi, Executive Director

Mr. Manoj N G, National Sales Head – Pigeon Division

Mr. Venkitesh N, Head –Corporate Planning

Mr. Rohit Mago, CEO – Baddi Manufacturing Unit

• Holds a Bachelor’s Degree in Business Administration from Christ University (Bengaluru) and completed Post Graduation Certificate Program in Sales and Marketing Management from MICA

• Served as a Graduate Trainee at

Viacom18

• Holds a degree of B.Sc., (Calicut University); PGDM in business administration, Xavier Institute of Management & Entrepreneurship, Bangalore

• 16+ years of experience in the durable

consumer goods sector

• Prior experience - Stints with Samsung India

Electronics, Panasonic India, MIRC Electronics, IFB Industries, BPL & TCL India Holdings

• Bachelor’s degree in Technology from

University of Kerala

• 25+ years of experience in

manufacturing, product development and project management with a stint in BPL for 13 years

• B Sc, Government Autonomous Science College, Jabalpur; MBA, Rani Durgavati Vishwavidyalya; Post-graduate certificate in retail management, XLRI Jamshedpur

• 18+ years of experience including a 14-

year stint with HPCL

*Source: F&S Report

5. Backed by Experienced Board

Ms. Shubha Rao Mayya, Independent Director

Holds a bachelor’s degree in commerce from the University of Mumbai and is a chartered accountant with the Institute of Chartered Accountants of India

Prior experience includes ICICI Limited, ICICI Prudential Life Insurance Company and Tata Consultancy Services

Serves as a Director on the board of Ace Manufacturing System Limited

Mr. Rajendra Gandhi, Managing Director

Founder of Stove Kraft with over 21 years of experience

Entrepreneur who built Stove Kraft to one of the leading brands*for kitchen appliances in India

Continues to be closely involved in the day-to-day affairs of the Company and is instrumental in promoting Stove Kraft’s culture of innovation

Mr. Lakshmikant Gupta, Independent Director

Mr. Rajiv Mehta, Chief Executive Officer

Holds a bachelor’s degree in economics from Hans Raj College, University of Delhi and a post-graduate diploma in business management from Institute of Management Technology, Ghaziabad

Independent director on the board of Stove Kraft since June 2018 and has been re-designated as the CEO of the Company with effect from September 2019. Previously worked as the CEO of Arvind Limited

Previously associated with Ibibo Group, Procter & Gamble and Girnar Software

Bachelor’s degree in Chemical Engineering from the University of Mumbai and a Master’s degree in Science from University of Pennsylvania; MBA from INSEAD

Mr. Bharat Singh, Nominee Director

Ms. Neha Gandhi, Executive Director

Previously worked as CFO of Ibibo Group and SBI Business Process Management Services

Holds a bachelor’s degree in commerce from the University of Delhi and is a Chartered Accountant with the Institute of Chartered Accountants of India

Holds a Bachelor’s Degree in Business Administration from Christ University (Bengaluru) and completed Post Graduation Certificate Program in Sales and Marketing Management from MICA

She has earlier served as a Graduate Trainee at Viacom18

Growth Strategies

Scale up branding, promotional and digital activities

 Increased advertising, factory visits for trade partners, increasing digital presence and engagements,

generating contemporary educational content and engaging in brand associations

Expand our portfolio in the existing product categories

Invest in new plants and increase automation in existing manufacturing facilities

Increase our geographical reach and expansion of addressable market

Focus on and augment our LED consumer lighting business

 We propose to expand our product portfolio across categories to cater to the evolving requirements of a large

customer base & cover newer customer segments

 Propose to increase the level of automation at our manufacturing facilities to achieve greater efficiency in reducing time taken for and the cost of manufacturing our products, from design to commercial production

 Continue to enhance our addressable market through our network of over 70,000+ retail outlets, over 700+

distributors and 9 C&F agents across the country, as on December 31, 2021

 Continue to introduce a wider range of LED lighting products for different end-use segments and expand to

newer and broader geographies

Increase exports

 Seek to expand our global reach, through constant innovation and increased customer acceptance of our

products in international markets

 Our presence is currently spread across 14 countries including UAE, Qatar, Bahrain, Kuwait, Tanzania,

Uganda, Nepal, Sri Lanka, Bangladesh, Oman, Ghana, USA, Mexico and Saudi Arabia

Shift in Consumption Patterns and Favourable Governments Policies

Indian Consumer Appliance Market expected to grow @CAGR of ~9%

Key Growth Drivers

Indian Appliance and Consumer Electronics (ACE) Market

(INR Bn)

Kitchen Appliances Market

LCA

SCA

Non Stick Cookware

(INR Bn)

3,150

2,050

SKL’s product mix favorable to market growth trends - LCA and Non Stick growing at 12% and 15%

2017

2022E

207 10 86

111

2020

350

127

202

2025E

India Government’s Policies Favourable For The Consumer Appliances Industry

•

Shift from unorganized sector to organized sector in Indian manufacturing with the GST

Implementation.

Lower tax brackets (5%, 12% and 18%) used for Indian Kitchen Items vs excise +VAT taxed at ~31%

• Make In India Initiative gave ACE market necessary boost which fostered Retail Manufacturing

•

Pradhan Mantri Ujjwala

Yojana – Target to provide

5 Crore LPG connection to

under privileged women

SKL partnered with HPCL & Indian Oil for providing cooktops with every new gas connection

• Majority Kitchen appliances are electricity driven, electricity consumption tripled since 2000

•

Niche market for foreign investors, as Govt. allowed 100% FDI through automatic route in the

electronic hardware manufacturing sector

Moving towards Aspirational Lifestyle from functional Kitchen tools

Need for Space Utilization –Emerging Concept of Modular Kitchen

Growth of E-Commerce and easy Financing options

Awareness of Cookware through Mass Media and Retality Programs

Health and Environment Concerns

Technological Advancements

•All information on this slide is obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled “Kitchen Appliances Market in India” dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report"); “E” signifies Estimated

Indian Large & Small Cooking Appliance Market

Increasing Market for Large Cooking Appliances (LAC)

Increasing Trend by Sub Segments – Value (INR Billion)

Large Cooking Appliances

14,209

15,453

16,817

18,313

111

125

141

159

19,955

21,761

179

202

5 25 26

5 29

6 34

6 39

7 45

SKL is the market leader* in Free standing hobs and cook tops

2020

2021F

2022F

2023F

2024F

2025F

2020

2021F

2022F

2023F

2024F

2025F

Volume ('000 Units)

Value (INR Bn)

Free-standing Hobs

Cook Tops

Cooker Hoods

Built-in Hobs

Increasing Market for Small Cooking Appliances (SAC)

Increasing Trend by Sub Segments –Value (INR Billion)

Small Cooking Appliances

52,613

56,405

60,470

64,828

69,501

74,511

101

109

118

127

2020

2021F

2022F

2023F

2024F

2025F

Volume ('000 Units)

Value (INR Bn)

* As per market share of retail sales volume; # Others include electric rice cooker, blenders, electric kettle, coffee maker and juice extractor

12 12 18

13 13

14 14

15 16

2020

2021F

2022F

2023F

2024F

2025F

Mixer Grinder

Pressure Cooker

Food Processors

Others

Non – Stick Cookware and Indian Household Utility Products

Increasing Market for Non-Stick Cookware

Types of Non-Stick Cookware Used (%) in 2020

7,117

7,819

8,590

9,437

10,367

11,389

16.8%

9.9%

74.1%

67.0%

56.2%

9.7

2020

11.3

13.2

15.4

18.0

21.0

2021F

2022F

2023F

2024F

2025F

CAGR

Value (INR Bn)

Volume ('000 Units)

a w a T

i a d a K

n a P g n

i y r F

6.4%

c i m a r e C

e r a w k o o C

1.9%

1.3%

y t t e h c a p p A

k k a r a y i

n a P

l a

Company has prominent position in South India for non-stick cookware

Household Utility Products – Market INR Billion in 2018

35.1%

s r e h t O

• Stove Kraft Limited is the 3rd largest market share (12.4%) by volume in Non- Stick Cookware • • Stove Kraft Limited has one of the few facilities in India to have an automated roller coating line

It enjoys a prominent position in the Non-Stick cookware market in the southern region

for manufacturing of non-stick cookware

• •

It offers special range of products which cater to the regional cuisine of Southern India

Latest innovation aimed at product efficiency and user convenience includes a new MIOTM non- stick cookware range

– Developed using latest Italian technology – ensuring high durability and smoothness – Range has 5 layer ‘Scandia’ coating

242

216

144

Water Bottles

Dustbin

Flasks

Emergency Lamps

Ladders

Clothes Drying Stand

Floor Mop and Bucket

•Except for Company specific information, all other information on this slide has been obtained from the industry report prepared by Frost & Sullivan (India) Ltd. titled “Kitchen Appliances Market in India” dated December 16, 2019, read with the revised industry report dated November 24, 2020 ("F&S Report")

Awards & Recognition

Awarded the ‘Gold Award’ by Quality Circle Forum of India (Bengaluru chapter) in the years 2013 and 2014

Awarded ‘India’s Most Admired Brand 2016’ by White Page International

CSR Activities

Enriching Lives

In an area that was suffering from the shortage of one of the most basic needs of life, we worked to alleviate the pain of the people, however much we could. Stove Kraft saw to the drilling of a bore-well for the local village in order to meet the water-needs of the villagers. The water is now supplied by the local governing authorities through their domestic water-supply scheme. The lives of over 200 families have been enriched by the water of this well and it gives us immense pleasure to have been able to do our share for the community.

Uplifting Primary Education

Seeing to the proper development of the future generation of our country remains to be one of the primary concerns of our CSR policy. Stove Kraft sponsored the complete repair and renovation of numerous portions of a local, government primary school. We also undertook the repair and construction of hygiene facilities for young boys and girls. So that the students do not need to sit on the ground at school, we also provided desks and benches for them. Since 2010 we have started the annual ritual of providing 60 students with books and stationery for the entire year.

Historical Financials

Strong track record and financial stability

Revenues (Rs. Crs.)

EBITDA (Rs. Crs.)

PAT (Rs. Crs.)

641

670

524

857

113

FY 2018

FY 2019

FY 2020

FY21

FY 2018

FY 2019

FY 2020

FY21

-12 FY 2018

FY 2019

FY 2020

FY21

Gross Profit Margins

EBITDA Margins

PAT Margins

35.0%

34.0%

13.2%

9.5%

32.5%

31.6%

4.6%

5.0%

1.9%

FY 2018

FY 2019

FY 2020

FY21

FY 2018

FY 2019

FY 2020

FY21

0.1%

0.5%

-2.3% FY 2018

FY 2019

FY 2020

FY21

Strong track record and financial stability

RoCE

32.1%

7.8%

9.2%

2.1%

Mar-18

Mar-19

Mar-20

Mar-21

Cash Flow from Operations (Rs. Crs.)

110

Working Capital (in Days)

FY 2018

FY 2019

FY 2020

FY 2021

Mar-18

Mar-19

Mar-20^

Mar-21^

Inventory

Debtors

Creditors

^ Working Capital for Mar-20 and Mar-21 is taken as % of Sales

Historical Profit & Loss Statement

Profit & Loss Statement (Rs. Crs.)

Revenue from Operations

Cost of Materials Consumed

Purchase of stock-in-trade

Changes in Inventories of Finished Goods and Work in Progress

Gross Profit

GP %

Employee Benefits Expense

Other Expenses

EBITDA

EBITDA %

Other Income

Depreciation and Amortisation Expense

EBIT

Finance Costs

PBT

Total Tax Expense

Profit for the year

PAT %

FY21

857.4

441.9

125.2

-9.4

299.7

35.0%

80.6

105.8

113.2

13.2%

1.5

14.2

100.5

19.2

81.2

0.0

81.2

9.5%

Mar-20

669.9

323.2

128.8

-10.1

228.0

34.0%

82.0

112.2

33.8

5.0%

3.1

12.4

24.5

20.9

3.6

0.4

3.2

0.5%

Mar-19

640.9

317.5

132.6

-11.5

202.3

31.6%

69.8

102.7

29.8

4.6%

1.7

12.3

19.2

17.9

1.3

0.5

0.8

0.1%

Mar-18

523.7

241.1

120.3

-7.9

170.2

32.5%

59.1

101.0

10.1

1.9%

5.6

11.2

4.5

16.9

-12.4

-0.5

-11.9

-2.3%

Historical Balance Sheet

EQUITY AND LIABILITIES (Rs. Crs.)

31-Mar-21

31-Mar-20

31-Mar-19

31-Mar-18

Equity share capital

Other equity

Total Equity

Financial liabilities

Borrowings

Other Financial Liabilities

Deferred tax liabilities (net)

Provisions

Total Non-Current Liabilities

Financial liabilities

Borrowings

Lease liabilities

Trade payables

Other financial liabilities

Provisions

Other current liabilities

Current tax liabilities (net)

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

32.6

270.2

302.8

20.7

17.1

0.0

7.2

45.0

29.8

0.0

175.9

9.0

2.2

6.4

0.0

223.3

268.2

571.0

24.7

-83.4

-58.7

204.8

10.8

0.0

6.3

221.9

122.1

0.2

151.2

28.7

1.7

4.8

0.0

308.8

530.7

472.0

24.7

-88.7

-63.7

210.0

9.6

0.0

4.6

224.2

99.9

0.0

134.1

23.8

1.5

5.4

0.5

265.2

489.4

425.7

18.9

-199.0

-179.9

311.3

14.8

0.0

3.4

329.5

81.0

0.0

145.2

11.0

1.6

5.2

0.0

244.0

573.5

393.6

Historical Balance Sheet

ASSETS

Property, plant and equipment

Capital work-in-progress

Intangible assets

Financial Assets

Investments

Other Financial assets

Non-Current Tax Assets

Other non-current assets

Total Non-Current assets

Inventories

Financial Assets

Trade receivables

Cash and cash equivalents

Bank balances

Loans

Other financial assets

Other current assets

Total current assets

Total Assets

31-Mar-21

31-Mar-20

31-Mar-19

31-Mar-18

217.7

19.1

3.2

0.0

5.3

0.4

9.8

255.4

155.7

85.0

29.5

7.9

0.5

2.9

34.0

315.9

571.0

193.4

178.7

182.1

4.2

3.6

0.9

5.0

0.2

4.1

211.5

116.6

103.0

14.4

4.4

0.4

1.3

20.5

260.5

472.0

0.9

1.2

0.0

5.1

4.7

1.4

192.0

97.4

89.7

28.5

3.0

0.5

1.9

12.8

233.7

425.7

0.6

0.0

3.8

4.7

3.1

194.9

105.1

79.6

0.4

3.4

0.0

1.1

9.1

198.7

393.6

Thank You

Investor Relations Advisors :

CIN: L29301KA1999PLC025387

Contact Person:

Email Address:

Mr. Elangovan S., CS

elangovan.s@stovekraft.com

Mr. Ashish Chovatia +91 99300 44680 ashish.chovatia@linkintime.co.in

Mr. Irfan Raeen +91 97737 78669 irfan.raeen@linkintime.co.in

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