Mrs. Bector's Food Specialities Ltd. · NSE:BECTORFOOD
Mrs. Bector's Food Specialities — Q1 FY22 Earnings Presentation
32 slides from Mrs. Bector's Food Specialities's earnings presentation, Aug 11, 2021
Slide 1: Investor Presentation August 2021
INVESTOR PRESENTATION August 2021
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Mrs. Bectors Food Specialities 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 i
Slide 3: Q1 FY22 Financials
ONE STOP DESTINATION FOR a . ER: : : CREMICA Ss") wich tasté an crtanchiness Ov ES CREMICA Q1 FY22 Financials
Slide 4: Segment Wise Revenues
Q1 FY22 Performance Highlights Revenue from Operations Biscuit Segment Bakery Segment Segment Wise Revenues 226 +37% +2% 203 +12% (Rs. Crs.) 141 144 69 50 Q1 FY21 Q1 FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1 FY21 Q1 FY22 Biscuit segment reported a growth of 2% over higher base of Q1FY21 (Due to pantry fil
Slide 5: Q1 FY22 Performance Highlights
Q1 FY22 Performance Highlights EBITDA Profit After Tax Margin Profile EBITDA Margins PAT Margins -15% -14% 34.4 15.5 17.0% 7.8% 29.1 13.3 12.9% 5.9% Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Due to increased Raw Material, packaging and logistic Price increase of 4% already taken in
Slide 6: Profit & Loss Statement – Q1 FY22
Profit & Loss Statement – Q1 FY22 Profit & Loss Statement (Rs. Crs.) Q1 FY22 Q1 FY21 Y-o-Y Q4 FY21 Q-o-Q Revenue from Operations 226.4 202.8 12% 224.0 1% Cost of Materials Consumed 125.5 106.0 117.7 Purchase of stock-in-trade 2.7 0.0 0.6 Changes in Inventories of Finished Goods and Work in Progress
Slide 7: Launch of Roasted Garlic SUB Footlong
Launch of Roasted Garlic SUB Footlong • Café Like Experience at Home : “Roasted Garlic SUB Footlong” is an addition to our range of Footlong breads offering Café like SUB sandwich at home. • Exotic Flavour : Garlic is a tempting flavour which is popular among the consumers, our new variant is infuse
Slide 8: Launch of NON STOP: Potato Crackers on 15th August
Launch of NON STOP : Potato Crackers on 15th August Your perfect, anytime snack Thin and crispy, with a hint of spicy masala – it tastes so great you can’t stop at one! And the best part - it’s baked, not fried – so you can munch on and on…. KEY MESSAGE : “SUPER THIN SUPER CRUNCH AB KHAO NON- STOP”
Slide 9: Our founder Mrs. Rajni Bector conferred with Padma Shri
Our founder Mrs. Rajni Bector conferred with Padma Shri Mrs. Rajni Bector conferred with Padma Shri for her contribution to trade and industry I feel blessed and express my gratitude to the central government for recognising my services. I am feeling honoured and want to thank my family, children, a
Slide 10: Mrs. Bector's at glance
Mrs. Bector’s at glance Digestives + Crackers + Cookies + Cream + Marie Pursuant to Brand separation Biscuits agreement, “Mrs. Bector’s Cremica” Brand is exclusive to Mrs. 1 + Private Label Bectors Food Specialities Limited for Biscuits Developed the brand “English Oven” for the Branded breads & Bra
Slide 11: Our business segments
Our business segments Biscuits Bakery Products Domestic Exports Consumer Bakery Institutional Bakery 4.5% of the premium and ~12% share of the total 5% market share in the 11% market share in semi Market Share^ mid-premium biscuits exports of biscuits from India Branded Breads Segment in processed a
Slide 12: Distinguished brand created over the years
Distinguished brand created over the years Significant investments made over the last few years to establish and enhance capacities and premiumization of product portfolio • Brand Separation MOU - “Mrs. Bector’s • Green field investment made at Rajpura Cremica” brand for Biscuit's business & Facilit
Slide 13: Automated state of art manufacturing units
Automated state of art manufacturing units Equipped with advanced modern technology and Stringent Quality Controls automated systems Invested Rs. 320 crores between FY18 to FY21 to build capacities with superior capabilities Specifically, sourced best in class equipment from Denmark, Germany, US and
Slide 14: Strategically located for efficient distribution
Strategically located for efficient distribution Phillaur, Punjab Greater Noida, UP Greater Noida, UP ▪ Biscuits – 27,000MT ▪ Bread and bakery – 66 (Mn packs) Expansion ▪ Contract Manufacturing – 27,000MT ▪ 1 Bakery Line ▪ Buns – 170 (Mn packs) ▪ 1 Bread Line ▪ Frozen products – 12 (Mn packs) Tahliw
Slide 15: Biscuit Division
BISCUIT DIVISION
Slide 16: One of the Leading Biscuit Brands in North India
One of the Leading Biscuit Brands in North India… ‘Mrs. Bector’s Cremica’ is one of the leading biscuit brands in the premium and mid-premium segment in North India Danish Cookies Creams Crackers Digestives Cookies Company has a strong presence in North India which it intends Launched new products s
Slide 17: With a PAN India Distribution Network
… with a PAN India Distribution Network… Sales Automation tool to track distribution on real time Strong Multi Channel ▪ Enables company to track the real time coverage, sales Distribution Network* efficiencies & effectiveness, and working discipline of its distribution network ▪ Helped increase pro
Slide 18: Export business – Long runway for growth
Export business – Long runway for growth 25% + Increase penetration in 64+ ~50% select export markets - South, Central and In process of setting up subsidiary in UAE to Focus is on increasing premiumization in North America, the cater MENA and Exporting Share in the Indian Export under export market
Slide 19: Immense Industry Potential in the Biscuit Market
Immense Industry Potential in the Biscuit Market Growth in Biscuit Market (Rs. Bn.) Low per capita spending on biscuits Per Capita Consumption (Kg/Year) Branded Biscuits Others Per capita consumption of biscuits in India has significantly increased in the last 5 years +9% 620 13.6 However, it is far
Slide 20: Bread & Bakery Division
BREAD & BAKERY DIVISION
Slide 21: Fastest growing premium Bakery brand in India
Fastest growing premium Bakery brand in India Brown Speciality Indian Western White Bread Sub Bread Indulgence Bread Breads Breads Bread Sales of products sold under the brand name ‘English Oven’ grew faster than industry between FY15 to FY20 Widespread Distribution One of the few bakery companies i
Slide 22: Preferred Supplier to Largest QSR Franchises in India
Preferred Supplier to Largest QSR Franchises in India Company is a leading player in the institutional bakery segment Key Success Factors: Dedicated lines for manufacturing buns to serve QSR Stringent quality control and compliance with standards customers Industry best practices such as use of prem
Slide 23: Growth Potential in Bread & Bakery Business
Growth Potential in Bread & Bakery Business Indian Breads & Buns Market Indian Bread Market size was Rs. 50 bn in FY20 of Chain QSR Market (Rs. Bn.) (Rs. Bn.) which premium category currently has a share of ~16% and is projected to grow at a rate of 15% for the next 5 years +23% +9% 524 76 +9% • QSR
Slide 24: On ground brand building initiatives
On ground brand building initiatives Branding Activities Digital Marketing Merchandising In-Shop Sampling on Milkbasket Mrs. Bectors Food Specialities Limited 24
Slide 25: Well positioned to capture growth
Well positioned to capture growth Right • Competitively well positioned across both segments – Biscuits & Breads and Bakery segment Business Mix Focus on • Significant increase in the price realization of Company’s products across all business segments; Premiumization • Continued focus on increasing
Slide 26: Historical Financials
ONE STOP DESTINATION FOR a . ER: : : CREMICA Ss") wich tasté an crtanchiness Ov ES CREMICA Historical Financials
Slide 27: Historical Financials
Historical Financials Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 881 141 72 784 762 691 96 93 85 36 33 30 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Gross Profit Margins EBITDA Margins PAT Margins 47.6% 16.0% 8.2% 46.5% 12.4% 12.3% 12.2% 5.2% 45.9% 4.2% 4.0% 44.6% FY18 FY1
Slide 28: Balance Sheet strength
Balance Sheet strength Net Debt to Equity 0.5 0.5 0.3 Working Capital (in Days) 0.1 Working 33 35 33 30 Capital (in Days) Mar-18 Mar-19 Mar-20 Mar-21 47 45 45 42 42 Cash Flow from Operations (Rs. Crs.) 37 37 39 36 33 30 30 109 110 54 46 Mar-18 Mar-19 Mar-20 Mar-21 Inventory Debtors Creditors FY18 FY
Slide 29: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY21 Mar-20 Mar-19 Mar-18 Revenue from Operations 880.7 762.1 783.7 690.6 Cost of Materials Consumed 467.8 411.3 406.8 377.9 Purchase of stock-in-trade 0.6 0.4 13.4 12.0 Changes in Inventories of Finished Goods and Work in Progres
Slide 30: Historical Balance Sheet
Historical Balance Sheet EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 Equity Equity share capital 58.7 57.3 57.3 57.3 Other equity 372.5 262.2 237.5 209.3 Total equity 431.2 319.4 294.8 266.6 Non-current liabilities Financial liabilities (i) Borrowings 114.8 85.7 107.2 9
Slide 31: Historical Balance Sheet
Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 Non-current assets Property, plant and equipment 339.7 337.6 344.3 240.6 Capital work-in-progress 55.3 6.7 15.6 92.1 Right-of-use assets 14.2 15.3 16.8 18.4 Goodwill 0.4 0.4 0.4 0.4 Other intangible assets 0.0 0.6 1.2
Slide 32: Thank You
THANK YOU Company: CIN: L74899PB1995PLC033417 Mr. Deepak Jain Head Finance & Corporate Strategy deepak.jain@cremica.in Investor Relations Advisors : Mr. Deven Dhruva Ms. Neha Shroff +91 9833373300 +91 7738073466 deven.dhruva@linkintime.co.in neha.shroff@linkintime.co.in
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