Adf Foods Limited · NSE:ADFFOODS
Adf Foods — H1 FY2021 Earnings Presentation
29 slides from Adf Foods's earnings presentation, Nov 10, 2020
Slide 1: Stock exchange intimation letter
F O ODS LTD. 7eedi119 lite wodd .. November 10, 2020 DCS-CRD DCS-CRD BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 519183 Symbol: ADFFOODS Sub: Investor Presentati
Slide 2: Investor Presentation Q2 & H1FY21
FOOD S LTD. 9eedi+uf tAe, ~ -. Investor Presentation Q2 & H1FY21 1
Slide 3: Disclaimer
Disclaimer FOODS LTD. 9wl.i1UJ t/r.e, wod.J .. This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purcha
Slide 4: Agenda
Agenda 01 Q2 & H1FY21 Highlights 02 About the Company 03 Industry Drivers & Growth Strategy 04 Historical Financial Overview
Slide 5: Q2 & H1FY21 Highlights
Q2 & H1FY21 Highlights '\tr~ i' lncuan IND I A S I' 11 MIU M CHO IC I AEROPLANE .,,~
Slide 6: Q2 & H1FY21 result highlights
Q2 & H1FY21 result highlights ~ 9 eiW.uu; t/r.e, wod.J.. . Total Income EBITDA & EBITDA Margin PAT & PAT Margin ~-------- ,- - - - - - I 23% I ,- - - - - - ,- - - - - - .- -13% ---- Quarter performance 19% I I 15% I I I I I I 52% I I - - - -- -· 1 - - - - - _I I I I I - - - - - _I I - - - - - _I 19
Slide 7: Consolidated profit & loss statement
Consolidated profit & loss statement AD~ FOODS I.TD. (Rs Cr) Q2FY21 Q2FY20 YoY H1FY21 H1FY20 YoY Revenue from operations 94.3 60.2 57% 168.2 129.1 30% Other income 2.5 3.5 3.1 5.5 Total Income 96.8 63.7 52% 171.3 134.6 27% Cost of material consumed 27.4 16.1 49.5 38.6 Purchase of stock-in-trade 23.6
Slide 8: Consolidated balance sheet
Consolidated balance sheet AD~ FOODS I.TD. (Rs Cr) Sept’20 Mar’20 (Rs Cr) Sept’20 Mar’20 Share Capital 20.4 20.4 Fixed Assets incl. CWIP 57.2 58.2 Reserves 206.8 184.0 Intangible Assets 21.3 21.4 Shareholders' Funds 227.2 204.4 Income Tax Asset (Net) 4.7 4.6 Other liabilities 0.7 1.6 Other Non Curre
Slide 9: Recent development
Recent development AD~ FOODS I.TD. Capacity expansion by taking new unit on lease • The Company has taken a manufacturing unit in Gujarat on lease • The facility, with a production capacity of 1,950 MTPA, will enable to increase the capacity for ready-to-eat and frozen food products to cater to the
Slide 10: About the Company
About the Company “ At ADF we believe in maintaining high quality standards, introducing “ new and innovative products while remaining customer centric '\tr~ i' lncuan IND I A S I' 11 MIU M CHO IC I AEROPLANE .,,~
Slide 11: Company highlights
Company highlights AD~ FOODS I.TD. 7 55+ 180+ Brands Countries Distributors Operational strengths 2 400+ 26,000 State-of-the-art Facilities SKU MTPA Capacity Zero 21% 14% Long Term Debt EBITDA Margin PAT Margin Financial strengths r========================~ ~========-=-=-=..:::---..:::----=---..:::-
Slide 12: Our businesses – presence across all categories
Our businesses – presence across all categories AD~ FOODS I.TD. Export of wide range of Indian ethnic products - ready-to-cook, ready-to-eat, Contribution to Revenue frozen, pickles, condiments, etc. - to over 55 countries with significant H1FY21 Core business presence across US, UK and GCC markets
Slide 13: Core business
Core business AD~ FOODS I.TD. 'J,.d/1119 1/ie wo,ld THE ORIGINAL INDIAN T AST E lrffl;n IN DIA'S P R E MIUM C HOI CE • Flagship brand primarily • Primarily targeted at the • Premium brand catering to • A leader in the economy targeted to the Indian diaspora mainstream (Non-Indian) customers in the M
Slide 14: US subsidiary
US subsidiary • Organic hand rolled burritos • Meatless meatballs: Made from protein-packed Non- • Made with USDA certified organic ingredients GMO soy, offer the same taste, texture and versatility • Available in a wide range of classic burritos and of traditional meatballs. All natural, vegan, veg
Slide 15: Agency distribution business
Agency distribution business AD~ FOODS I.TD. • Distribution of some products of a global Fortune 500 FMCG in USA and UK markets • Products are complimentary to existing range of ADF products and offers wide range of products to the distributors • Focusing on adding more complimentary products of sim
Slide 16: India business
India business AD~ FOODS I.TD. 'J,.d/1119 1/ie wo,ld BINDASS KHAO • Wide range of products - pickles, sauces, cooking paste, ready to cook instant masala mix, etc. • Sold and marketed in Mumbai, India • Available in Reliance Retail, Sahakari Bhandar & Haiko; Online Presence in Big Basket and Flipkar
Slide 17: State of the art manufacturing units
State of the art manufacturing units • Total Built up factory area - 15,000 Facility at Nadiad, Sqm The facility at Nasik is USDA Organic accredited, ensuring stringent production norms and sound • Frozen Foods (Samosas, Vegetables, Gujarat farming practises Snacks, Parathas, etc) • Meal Accompanime
Slide 18: Strong distribution network
Strong distribution network ~ '],.d/m9 llie wo,ld · Masud Sethi Country manager (Canada) l Bharat Sareen Country manager (UK) Upinder Thakur 9 CANADA Country manager (UK) Savita Patel EUROPE 0 Savio Almeida Head Operations & Commercial (USA) 0 ASIA Country manager (GCC, Levant Countries, Asia Pacifi
Slide 19: Experienced management
Experienced management AD~ FOODS I.TD. Bimal Thakkar Chairman, Managing Director and CEO • 30+ years of experience in domestic and export management • Instrumental role in development of Brands and new products, tapping new markets, international acquisitions, setting up of subsidiary companies in U
Slide 20: Board of Directors
Board of Directors AD~ FOODS I.TD. Deepa Harris Viren Merchant Independent Director Independent Director • 30+ years of expertise in high-end luxury hospitality category • 30+ years of experience and expertise in business management and pharmaceutical • Currently Independent Director of PVR Limited,
Slide 21: Industry Drivers & Our Growth Strategy
Industry Drivers & Our Growth Strategy '\tr~ i' lncuan IND I A S I' 11 MIU M CHO IC I AEROPLANE .,,~
Slide 22: Paradigm shift in preference over ethnic food
Paradigm shift in preference over ethnic food AD~ FOODS I.TD. Global Ethnic Food Market 11.8% CAGR • The global ethnic food market was valued at $36.48 billion in 2018, and is projected 70.10 to grow at 11.8% (CAGR) , to reach $70.10 billion in 2024 • A paradigm shift in taste preference over ethnic
Slide 23: Evolving consumer tastes and preferences driving demand
Evolving consumer tastes and preferences driving demand AD~ FOODS I.TD. Evolving Industry Trends • Evolving consumer tastes and preferences offering opportunities for innovations: - Consumers demand healthy and authentic food alternatives with fewer artificial ingredients • Strong preference of conv
Slide 24: ADF - Strongly positioned for next phase of growth
ADF - Strongly positioned for next phase of growth AD~ FOODS I.TD. Journey So Far Journey Ahead 3 1 Established strong brands in various segments 2 Strengthening ‘Agency Distribution’ Business 2 Strong global distribution network 1 Broadening Distribution Network • Increasing product offerings in di
Slide 25: While generating value for shareholders
While generating value for shareholders FOODS LTD. 9wl.i1UJ t/r.e, wod.J .. Our continued focus lies on improving cash generation and maintaining a robust balance sheet, thereby enabling us to generate strong returns and reward shareholders FY17 FY18 FY19 FY20 Rs 51 crores Rs 9.6 crore Rs 5.5 crore
Slide 26: Historical Financial Overview
Historical Financial Overview '\tr~ i' lncuan IND I A S I' 11 MIU M CHO IC I AEROPLANE .,,~
Slide 27: Consolidated financial performance
Consolidated financial performance AD~ FOODS LTD. 9wl.i1UJ t/r.e, wod.J .. Total Income EBITDA PAT 12% 3 year CAGR 30% 3 year CAGR 43% 3 year CAGR 43 295 62 245 53 208 220 40 25 28 18 15 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 I I FY17 FY18 FY19 FY20 Cash flow from operations EBIDTA Margins % PAT Ma
Slide 28: Historical profit and loss statement
Historical profit and loss statement FOODS LTD. 9wl.i1UJ t/r.e, wod.J .. Standalone Consolidated (Rs Cr) FY18 FY19 FY20 FY18 FY19 FY20 Revenue from operations 163.8 187.5 182.1 201.0 231.4 272.8 Other income 18.6 14.1 21.8 18.6 14.1 21.8 Total Income 182.4 201.6 203.8 219.6 245.5 294.6 Cost of mater
Slide 29: Thank You
Thank You Pd:)-~ FO O ll 5 I T 0. Jeedi119,t'1.11w1n,M.. Shardul Doshi (CFO)/ Shalaka Ovalekar (CS) ADF Foods Limited shardul@adf-foods.com co_secretary@adf-foods.com Marathon Innova B2 – G01, G. K. Road Lower Parel, Mumbai 400 013 PLiRET• C JI PIT JI L Pooja Dokania/ Rishav Das Pareto Capital (Inve