Sundrop Brands Limited Shs Dematerialised · NSE:SUNDROP
Sundrop Brands Limited Shs Dematerialised — Agro Tech Foods Limited (Sundrop Brands) — Investor Presentation (November 2024)
29 slides from Sundrop Brands Limited Shs Dematerialised's investor presentation, Nov 21, 2024
Slide 1: Regulation 30 disclosure letter to stock exchanges
21st November 2024 The Manager, The Manager BSE Limited, Listing Department Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051. Ph. No. 022- 22721233 / 22721234 Ph.No. 022- 2
Slide 2: Agro Tech Foods Limited Investor Presentation November 2024
Agro Tech Foods Limited Investor Presentation November 2024 1
Slide 3: Safe harbor
Safe harbor Certain statements in this release concerning our future growth prospects are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in such forward-looking statements.
Slide 4: I. Agro Tech Foods – Entering a New Era
I. Agro Tech Foods – Entering a New Era 3
Slide 5: Historical timeline for the company – entering a new era
Historical timeline for the company – entering a new era 1986 1997 2000 2024 ITC Agro Tech Investment by ConAgra Agro Tech Foods New Shareholders Founded with a focus on ConAgra acquires ~34% stake in Change of company name New Brand oil seeds and edible oil the Company New Vision for Future 1989 19
Slide 6: Consistent innovation, extensive distribution and diversified manufacturing
Consistent innovation, extensive distribution and diversified manufacturing have set up a strong springboard for a growing food business Distribution Network Production Facilities4 Pan – India retail presence Uttarakhand, Kashipur Assam, Mangaldoi Uttar Pradesh, Unnao Listing across online channels
Slide 7: Rapid growth of the food business
…which is reflected in the rapid growth of the food business Food Business - Revenue (INR Mn) 5000.0 4,369 4,470 4500.0 4,026 4000.0 3,490 3500.0 3000.0 2,590 2500.0 2,246 1,965 2000.0 1,592 1,713 1,715 1,287 1,355 1500.0 1,076 952 1000.0 776 361 487 500.0 0.0 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15
Slide 8: Leading player in high growth categories with strong brands
Today the company is a leading player in high growth categories with strong brands Popcorn Peanut Butter Introduced in 1999 Introduced in 2009 7
Slide 9: Emerging as a scaled food platform, with strong financial discipline
Emerging as a scaled food platform, with a strong financial discipline Presence in high growth Renewed focus on its Increased salience in and high margin core portfolio fast-growing channels categories Increased focus on Capital efficient Organic + Inorganic improving EBITDA and approach to building
Slide 10: New Promoters to back a new vision
New Promoters to back a new vision Convergent Finance Samara Capital Founded in 2018, Convergent Finance is a long-term investor committed to identifying Founded in 2007, Samara Capital is a mid-market buyout private equity firm in India and investing in Indian companies that are well positioned to
Slide 11: New Board of Directors (1/2)
New Board of Directors to help the company chart this course (1/2) Richa Arora Satish Rao Non-Executive Independent Director Non-Executive Independent Director • 30+ years of experience. Currently an Independent • 33+ years of experience across consumer food and Director at Relaxo Footwears and Grih
Slide 12: New Board of Directors (2/2)
New Board of Directors to help the company chart this course (2/2) Nitish Bajaj Harsha Raghavan Group Managing Director Non-Executive Director • Former CEO of the Consumer Products Division at • 25+ years in Indian private equity; Founder and Piramal Pharma Managing Partner of Convergent Finance sin
Slide 13: A bold new vision and mission
A bold new vision and mission reflecting the company’s ambition Vision Bringing joyful food experiences to the modern consumer Mission Creating innovative, delicious, and convenient food solutions 12
Slide 14: A new corporate identity
…and a new corporate identity Elevating the corporate brand to the Building on the existing equity of role of a platform, a house of brands Sundrop, in a way that resonates with the modern consumer 13
Slide 15: II. Acquisition of Del Monte Foods Private Limited by Sundrop Brands
II. Acquisition of Del Monte Foods Private Limited by Sundrop Brands 14
Slide 16: Del Monte Foods – a leading food company with a global brand
Del Monte Foods Pvt. Ltd. – a leading food company with a global brand Leading global brand Comprehensive Portfolio Strong brand recall Pantry + On the table Healthy mix of B2C and Presence in fast-growing Food Services segments Sauces and Italian range INR 5,427 Mn revenue (FY24) 15
Slide 17: Del Monte Foods – detailed overview
Del Monte Foods – detailed overview Company Overview Summary Financials • Del Monte Foods is a western cuisine focused packaged food company with a strong presence in the Italian cuisine segment Values in INR Mn FY23 FY24 H1 FY252 • Current Shareholders: 59:41 joint venture between Bharti Group and
Slide 18: Del Monte diversified product portfolio
Del Monte has a well diversified product portfolio across sauces, emulsions and pasta Core Portfolio Culinary Portfolio: Tomato Ketchup, and other Italian Range: Sauces, Mayo, Pasta, Olives, Olive Western & Chinese sauces Oil Supporting Portfolio Beverages: Canned Fruit Drinks and Energy Packaged F&
Slide 19: Combination of three market leading brands
The company will be a combination of three market leading brands Emerge as a powerhouse of owned and perpetually licensed food brands with strong recall and global affiliation 18
Slide 20: Addressing consumer megatrends
…which will address all the consumer megatrends that we intend to ride 1 Need for convenience 2 “Better for you” 3 New/Globalized tastes With lives becoming increasingly busy, The modern consumer is shifting towards more Consumers are seeking new tastes and are consumers are seeking efficiency in wh
Slide 21: Combination would help unlock synergies
A combination of the two companies would help unlock synergies Growth unlocking Cost savings Complementary product portfolio Operational and Supply chain improvement Drive distribution penetration for Del Monte Sales and distribution network optimization Scale efficiencies in areas like Unlock new c
Slide 22: Complementary set of product categories
Sundrop Brands will have a complementary set of product categories Popcorn Peanut Butter & Spreads RTE Snacks RTC Products Breakfast Cereals Chocolates Edible Oil Sauces & Emulsion Pasta Olive Oil Fruit Drinks Packaged Fruits & Veg 21
Slide 23: Strengthening brand footprint across channels
The combination would help strengthen brand footprint across channels Indicative channel mix basis FY24 revenue 3% 9% 8% 18% 19% 15% 17% 11% 76% 44% 53% 12% 15% INR 7,597 Mn INR 5,427 Mn ~INR 13,000 Mn General Trade Modern Trade E-Commerce Food Services Others General Trade Unlocking New-age channel
Slide 24: Distributed manufacturing setup
A distributed manufacturing setup will help serve customers faster, better and cheaper Sundrop Brands will have a distributed manufacturing setup Key Benefits Close proximity to consumers – Understand regional nuances, and customer preferences to serve them better Uttarakhand, Kashipur Punjab, Ludhi
Slide 25: Proforma combined financials
Proforma combined financials FY24 Revenue (INR Mn) 7,597 5,427 13,024 1 EBITDA (INR Mn) 342 2222 564 EBITDA Margin % 4.5% 4.1% 4.3% 1 Excluding Other Income; 2 Excluding ESOP expenses of INR 13.6 Mn. 24
Slide 26: Transaction overview
Transaction overview • ATFL to acquire 100% stake in Del Monte Foods Private Limited (“DMFPL”) from Del Monte Proposed India and Bharti Group in lieu of shares of ATFL through preferential allotment1 Transaction • Post the transaction, ATFL will have a perpetual license for the Del Monte brand in In
Slide 27: Proforma shareholding post transaction
Proforma shareholding post transaction Shareholding – Current Shareholding – Post Transaction CAG Tech Bharti Mauritius, Group, 33.5% Public 21.0% Shareholders, CAG Tech 48.2% Mauritius, 51.8% Del Monte, Public 14.4% Shareholders, 31.1% Note: Bharti Group collectively refers to Bharti Enterprises Li
Slide 28: Summing Up
Summing Up Build platform with stable of Well known Food Brands catering to modern, 1 evolving consumer food choices Ride on Consumer Mega Trends driving consumption of Branded Packaged 2 Foods Presence in high growth, high margin categories with opportunity to 3 expand through organic and inorganic
Slide 29: Thank you
Thank you » , ear oundrop
Agro Tech Foods Limited (Sundrop Brands) — Investor Presentation (November 2024) on 6ix