Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q1 FY24 Earnings Presentation
25 slides from Avanti Feeds's earnings presentation, Aug 17, 2023
Slide 1: Intimation of investors conference call for Q1 ended June 30, 2023
August 17, 2023 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Maharashtra, India. Maharashtra, India. BSE Code: 512573 NSE Code: AVANTIFEED Dear Sir/
Slide 2: Q1FY24 Earnings Audio Conference Call invitation
Avanti Feeds Limited Q1FY24 Earnings Audio Conference Call on Tuesday, 22nd August 2023 at 4:00 PM IST Avanti Feeds Limited (AFL) will host an Audio Conference Call for investors and analysts to discuss its results and developments in Q1FY24. The call will be addressed by the senior management. Deta
Slide 3: Avanti Feeds Ltd Q1FY24 Result Presentation
AVANTI FEEDS LTD Q1FY24 Result Presentation
Slide 4: Disclaimer
Disclaimer This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 5: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 6: Result Highlights
RESULT HIGHLIGHTS
Slide 7: Quarterly Highlights
Quarterly Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 354 275 -1% 46% 58% bps bps 15,693 1,701 7.4% 11.0% 1,152 15,537 1,163 7.4% 4.7% 731 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 5
Slide 8: Annual Highlights
Annual Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 152 127 1% 20% 27% bps bps 50,870 3,123 6.1% 9.5% 4,850 4,037 2,452 4.9% 50,360 8.0% FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 6
Slide 9: Quarterly Results Snapshot
Quarterly Results Snapshot Consol Profit & Loss (Rs mn) Q1FY24 Q1FY23 Y-o-Y Q4FY23 Q-o-Q FY23 FY22 Y-o-Y Segment Revenues Shrimp Feed 13,268.3 13,067.3 1.5% 8,556.7 55.1% 40,413.6 40,443.2 -0.1% 1 Q1FY24 revenues were flattish at 1% YoY Shrimp Processing 2,268.2 2,625.7 -13.6% 2,373.4 -4.4% 10,456.3
Slide 10: Management Commentary
Management Commentary Shrimp Feed Shrimp feed revenues in Q1FY24 was Rs 13,229 Mn an increase of 1.3% YoY. During the quarter sales volume increased 2.6% YoY though realisations saw a decline. PBT came in at Rs. 1,246 Mn an increase of 63.4% YoY. Shrimp Processing & Export Shrimp processing revenue
Slide 11: Processed Shrimp Exports – share of USA stays buoyant
Processed Shrimp Exports – (% share of USA stays buoyant followed by Canada ) Q1FY23 Q4FY23 Q1FY24 7% 1% 7% 4% 11% USA USA USA 13% Asia Asia 12% Asia 18% EU EU EU 7% 18% Canada Canada 1% Canada 61% 4% others 67% others 70% others FY21 FY22 FY23 2% 2% 1% 11% 2% 8% 2% 9% USA USA USA 7% 14% Asia Asia A
Slide 12: Segmental Quarterly Highlights
Segmental Quarterly Highlights Shrimp Feed Revenues Processed Shrimp Revenues 14, 000 14% 3,5 00 20% 13,057 13,229 19% 18% 13, 000 12,388 13% 12% 17% 3,013 2,939 10% 3,0 00 14% 16% 12, 000 15% 16% 10% 2,655 2,622 2,636 10% 14% 11, 000 10,384 10,208 13% 2,452 2,374 9,605 2,5 00 12% 2,307 12% 9% 8% 10
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Production (MT) Shrimp Feed 170,303.0 127,798.2 105,329.0 133,368.0 167,285.0 123,464.0 105,764.0 105,108.0 163,610.0 Shrimp Processing 3,549.0 3,529.0 2,825.0 2,957.0 3,949.0 2,851.0 2,550.0 2,609.0 3,
Slide 15: Operational Highlights - Annually
Operational Highlights - Annually FY18 FY19 FY20 FY21 FY22 FY23 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 Sales (MT) Shrimp Feed 430,314 421,691 484,669 473,449 540,895 497,066 Shrimp Processing 7,857 11,065
Slide 16: The Path Forward
THE PATH FORWARD
Slide 17: Industry Highlights
Industry Highlights Budget Initiatives by Govt towards Agri & Allied sector Agricultural credit target will be increased to Rs 20 lakh cr (vs Rs 18 lakh cr, up 11% YoY) with focus on animal husbandry, dairy and fisheries. Collaboration between farmers, state and industry will be done, Rs 2,200 cr wi
Slide 18: Company Highlights – Q1FY24
Company Highlights – Q1FY24 Shrimp Feed Shrimp Feed sales during the FY23 was 4,97,066 MT as compared to 5,40,895 MT in FY22 a degrowth of 8% The commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh; has been successfully commenced with effect from December 03
Slide 19: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 20: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Income from Operations 14,088.1 12,260.0 10,689.2 13,322.4 15,693.0 13,221.0 11,025.8 10,930.0 15,536.6 Other Income 212.6 255.8 185.9 162.3 123.2 264.9 291.7 240.5
Slide 21: Profit & Loss Statement - Annually
Profit & Loss Statement - Annually Consolidated Profit & Loss (INR mn) FY18 FY19 FY20 FY21 FY22 FY23 Income from Operations 33,929.0 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 Other Income 482.5 538.3 702.3 925.8 816.7 920.2 Total Income 34,411.5 35,416.1 41,855.3 41,931.4 51,176.3 51,790.0 Operat
Slide 22: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY18 FY19 FY20 FY21 FY22 FY23 Share capital 91 136 136 136 136 136 Reserves and Surplus 11,408 13,437 15,811 19,759 21,338 23,632 Non-current liabilities 326 376 218 193 178 347 Current liabilities 3,438 2,199 2,634 2,734 3,510 3,231 Tot
Slide 23: Annexure
B | ANNEXURE
Slide 24: Stock Information
Stock Information • Market cap (INR) – ~55 bn (As on 17th Aug 2023) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th June 2023) • NSE code: AVANTIFEED Shareholding Pattern as on 30th June, 2023 Relative stock price vs BSE Sensex As on 17th Aug, 2023 15.8% Avanti Feeds SENSEX 225.0 209 20
Slide 25: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India