Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q3 FY2021 Earnings Presentation
31 slides from Heritage Foods's earnings presentation, Jan 30, 2021
Slide 1: Cover letter to BSE and NSE on quarterly updates
Ref: SECT: STOC: 11-21 January 30, 2021 To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy·Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 CompJex, Sandra (East). Mumbai - 400 051 Scrip Code:
Slide 2: Corporate Presentation December 2020 (Q3FY21)
Corporate Presentation December– 2020 (Q3FY21)
Slide 3: Disclaimer Clause
Disclaimer Clause The Release contains forward looking statements identified by words like "plans", "expects", "will", "anticipates", "believes", "intends", "projects", "estimates", and so on. All statements that address expectations or projections about future, but not limited to Company's strategy
Slide 4: Index
INDEX 1. Vision & Mission 10. Procurement & Sales 19. Balance Sheet Figures – 5 Years 2. Company Overview 11. Heritage Nutrivet Limited 20. Winning Farmers’ Trust 3. Impact of Covid-19 12. Standalone Financial Results Q3FY21 21. Achieving Operational Excellence 4. Activities Segmentation 13. Standal
Slide 5: Vision & Mission
1. Vision & Mission Vision Delighting every home with fresh and healthy products and empowering the farmer Mission To be a nationally recognized brand for healthy and fresh products with a revenue of INR 6000 Crore by 2024 We anticipate, understand and respond to our customer’s needs by creating hig
Slide 6: Company Overview
2. Company Overview Core Business Key Strengths Financial Strength 28 Years rich experience in dairy Strong relationships with over 3 High Return on Capital business that includes, lakh dairy farmers. Employed (ROCE) procurement of milk from dairy farmers at village level, and Supplying milk and mil
Slide 7: Impact of Covid-19
3. Impact of Covid-19 • Procured milk from all our farmers since lockdown • Ensured uninterrupted supplies to consumers • Taken all steps to contain spread of Virus • Maintenance of Social Distancing from Procurement to point of sale and at all work places • Sanitizing the premises and vehicles on r
Slide 8: Activities Segmentation
4. Activities Segmentation FOCUS PRODUCTS COSUMER CONNECTIVITY BRANDING BRANDING CONSUMER CONNECTIVITY FOCUS PRODUCTS • Bus & Bus Shelter Branding • Leaflet Distribution • Curd • Dealer Board Branding • Poster & Banner • Paneer • Dealer Board Signage- Lit/ Non Lit • Door to Door Activity • Immunity
Slide 9: Branding
5. Branding AEALTH AND HAPPINES? % tage) ») LAKSHMINARASIMHACLI BG STRINSOD) | }
Slide 10: Consumer Connect
6. Consumer Connect MEALTH AND HAPPINES?
Slide 11: Consolidated Financial Highlights – Q3FY21
7. Consolidated Financial Highlights – Q3FY21 Rupees Growth % (in Crores) Revenue 604.92 -10.04 EBITDA 77.92 128.37 PBT 41.56 157.02 PAT 26.02 122.77
Slide 12: Standalone Financials – Q3FY21, Q3FY20
8. Standalone Financials –Q3FY21, Q3FY20 Q3FY21 Q3FY20 (Rs in crores) Net Turnover Dairy 588.12 661.42 RE 1.41 1.32 EBITDA Dairy 74.77 35.33 RE 1.24 0.70 PBT Dairy 60.85 19.78 RE 0.05 (0.69) Dairy Margins EBITDA 12.71% 5.34% PBT 10.35% 2.99%
Slide 13: Growth in VAP
9. Growth in VAP 200 155.58 150 134.67 135.98 108.46 100 95.75 Rs in Crore 50 Q3FY17 Q3FY18 Q3FY19 Q3FY20 Q3FY21
Slide 14: Procurement & Sales
10. Procurement & Sales Milk Procurement (LLPD)* Milk Sales (LLPD) Curd Sales (MTPD)* 400 15 13.56 298.47 15 300 11.71 231.02 9.72 11.27 10 10 200 5 5 100 0 0 0 Q3FY21 Q3FY20 Q3FY21 Q3FY20 Q3FY21 Q3FY20 Cost per Milk Selling Curd Selling Litre Rs. 34.73 Rs. 36.54 Price Rs. 46.19 Rs. 42.49 Price Rs.
Slide 15: Heritage Nutrivet Limited
11. Heritage Nutrivet Limited (A Wholly Owned Subsidiary Company) (Rs in Lakhs) Particulars Q3FY21 Q3FY20 Turnover 2974 2525 EBITDA 290 133 PBT 202 28
Slide 16: Standalone Financial Results Q3 FY21
12. Standalone Financial Results Q3 FY21 Amount in lakhs of ₹ unless otherwise stated Sl. Particulars Quarter ended Nine months ended Year ended No 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue a. Rev
Slide 17: Standalone Segment Information Q3 FY21
13. Standalone Segment Information Q3 FY21 Amount in lakhs of ₹ unless otherwise stated Sl. Particulars Quarter ended Nine months ended Year ended No 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment reve
Slide 18: Standalone Notes Q3 FY21
14. Standalone Notes Q3 FY21 Amount in lakhs of ₹ unless otherwise stated 1. The unaudited standalone financial results for the quarter and nine months ended 31 December 2020 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on 29 Janua
Slide 19: Consolidated Financial Results Q3FY21
15. Consolidated Financial Results Q3FY21 Amount in lakhs of ₹ unless otherwise stated Quarter ended Nine months ended Year ended Sl. Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue a. Re
Slide 20: Consolidated Financial Results Q3FY21 (continued)
15. Consolidated Financial Results Q3FY21 Amount in lakhs of ₹ unless otherwise stated Quarter ended Nine months ended Year ended Sl. Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 No (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 11 Other compre
Slide 21: Consolidated Segment Information Q3 FY21
16. Consolidated Segment Information Q3 FY21 Amount in lakhs of ₹ unless otherwise stated Quarter ended Nine months ended Year ended Sl. No Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment re
Slide 22: Consolidated Notes Q3 FY21
17. Consolidated Notes Q3 FY21 Amount in lakhs of ₹ unless otherwise stated 1. The unaudited consolidated financial results for the quarter and nine months ended 31 December 2020 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on 29 J
Slide 23: Five years Highlights
18. Five years Highlights Financial Highlights FY 20 FY 19 FY 18 FY 17 FY 16 (Rs in crores) Net Turnover 2681.11 2482.35 2344.01 2642.89 2380.58 Dairy 2679.44 2479.18 2343.68 1870.72 1768.80 RE 9.39 11.37 6.87 5.21 3.04 EBITDA 140.37 192.43 133.32 146.61 136.47 Dairy 132.61 182.56 127.32 144.82 137.
Slide 24: Balance Sheet Figures – 5 Years
19. Balance Sheet Figures – 5 Years Particulars FY20 FY19 FY18 FY17 FY16 (Rs in crore) (As per Ind-As) Equity Share Capital 23.20 23.20 23.20 23.20 23.20 Other Equity (Reserves & Surplus) 439.13 781.76 754.81 570.02 216.80 Networth 462.33 804.96 778.01 593.22 240.00 Gross Fixed Assets 630.53 555.10
Slide 25: Winning Farmers' Trust
20. Winning Farmers’ Trust Providing Punctual Facilitating loans Accuracy in Deployed mobile nutritional feed payments cattle insurance Measurement veterinary clinics at subsidised to farmers rates
Slide 26: Achieving Operational Excellence
21. Achieving Operational Excellence Bulk Coolers Chilling plants Processing plants Vehicles 111 1882 74 17 No. of Milk Procurement Number Representatives of 12187 6273 Distributors/Agents
Slide 27: Innovations
22. Innovations Launched immunity boosting Turmeric, Ginger, Ashwagandha and Tulsi milk variants in PP bottles. INTRODUCED Accessibility
Slide 28: UHT Plant
23. UHT Plant Commissioned an UHT Plant with capacity of 1 Lakh Litres Per Day UHT processed milk shelf life 90 days. No refrigeration required No need to boil Variants: Double Toned Milk & Toned Milk. UHT Milk sales: 62578 Litres Per Day (Oct’ 20 - Dec’ 20)
Slide 29: Parlour as branded outlets
24. Parlour as branded outlets Exclusive Product Outlets 944 Outlets managed by franchises Helps in recognition branding Flexibility of the product mix Products availability and Accessibility to customers
Slide 30: Heritage Distribution Centre (HDC)
25. Heritage Distribution Centre (HDC) Exclusive Product Distribution centre managed by franchises 39 HDC’s in Operation 16 at Bangalore, 12 at Chennai, 3 at Mumbai, 2 at Hyderabad, 1 at Rajahmundry, 1 at Vijayawada and 4 at Vizag. Each HDC Covering 100 retail and 100 households of the localit
Slide 31: Thank You
Thank You Umakanta Barik | hfl@heritagefoods.in