Coastal Corporation Limited · NSE:COASTCORP
Coastal — Investor Presentation (February 2023)
40 slides from Coastal's investor presentation, Feb 21, 2023
Slide 1: Regulation 30 intimation letter to stock exchanges
GO\/r. OF INDIA RECOGNISED THREE STAR EXPORT HOUSE Coastal Regd. Off. :'15-1-3713, Nowroji Road, Maharanipeta, Visakhapatnam - 500 002, INDIA Corporatio n :*r : 0891 -25671 1 8, website :www.coastalcorp.co.in, : cclinvestors@gmail.com, info@coastalcorp.co.in, info_sez@coastalcorp.co.¡n Unlt 1 : Surv
Slide 2: Coastal Corporation Limited Investor Presentation
Coastal Corporation Limited Investor Presentation February - 2023
Slide 3: Safe Harbour
Safe Harbour This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of t
Slide 4: Table of Contents
Table of Contents 01 9M & Q3 FY23 Highlights 02 Company Overview 03 Business Overview 04 Industry Overview 05 Financial Highlights 06 Way Forward 3
Slide 5: Recent Developments
Recent Developments Right Issue: Right issue of 19,29,800 shares at a price of INR225 (share premium of INR 215) Paid up on application INR 56.25 Firsct call money of INR 112.50 Balance amount shall be payable on second & Final Call of INR 56.25 Kakinada Plant – 47.50 (MTPD): Commenced com
Slide 6: 9M & Q3FY23 Highlights
yi 9M & Q3FY23 Highlights
Slide 7: 9M FY23 Operational Highlights
9M FY23 Operational Highlights Revenue EBIDTA PAT INR 279.69 Cr INR 25.27 Cr INR 15.92 Cr Kakinada Plant had commenced commercial production in May 22: revenue growth remains sluggish due to the delay in approvals of Greenfield project and massive slowdown in orders from the US markets Company has a
Slide 8: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Rs. Cr. 9M FY23 9M FY22 Total Income from Operations 279.69 364.72 Raw Material Expenses 166.17 237.91 Employee Cost 12.13 12.06 Other Expenses 76.13 90.18 Total Expenditure 254.42 340.14 EBITDA 25.27 24.57 EBITDA Margin % 9.04% 6.74% Other Income 10.88 9.
Slide 9: Q3 FY23 Operational Highlights
Q3 FY23 Operational Highlights Revenue EBIDTA PAT INR 56.13 Cr INR 5.56 Cr INR 0.41 Cr Demand for product slowed down in US markets led to decrease in revenue in Q3FY23, but low freight cost lead to improved EBITDA margins Company has achieved quarterly revenue of INR 56.13 crores and EBITDA of 5.56
Slide 10: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Rs. Cr. Q3 FY23 Q3 FY22 Q2 FY23 Total Income from Operations 56.13 146.13 107.12 Raw Material Expenses 24.96 98.93 67.92 Employee Cost 3.73 4.61 4.19 Other Expenses 21.88 36.42 24.28 Total Expenditure 50.57 139.95 96.39 EBITDA 5.56 6.17 10.73 EBITDA Margin
Slide 11: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Revenue (Rs. Cr.) EBITDA (Rs. Cr.) / Margin (%) PAT (Rs. Cr.) / Margin (%) 10
Slide 12: Company Overview
| Company Overview
Slide 13: About Us
About Us Our Vision Among top ten player in Shrimp processing and distribution industry worldwide We have a mission to deliver superior quality, highly nutritional seafood at the most competitive prices to global consumers. We are a customer Engaged in processing and exporting of extensive range of
Slide 14: Milestones
Milestones Incorporated Continental Export Excellence Fisheries India Pvt Ltd. as Award in Top Multi wholly owned subsidiary of Established Ultra Product Exporter Costal Corporation Ltd. Export Excellence Incorporated Modern Shrimp in Andhra Pradesh Incorporated as a National Award for
Slide 15: Board of Directors
Board of Directors Holds a Bachelors Degree of Technology (in Chemical Engineering) with an experience of four Mr. Valsaraj Thottoli decades Founder, Vice Presently, Vice Chairman and Managing Director of the Company Chairman & Devoting his entire time, efforts and energy to develop this Compa
Slide 16: Board of Directors
Board of Directors Distinguished career spanning 40 years in Life Insurance Corporation of India in accounts, Mr. M.V. marketing, administration, banking and finance Suryanarayana Fellow member of the Institute of Chartered Accountants of India Independent Served as CEO of LIC Mutual Fund and
Slide 17: Business Overview
Business Overview
Slide 18: Product Portfolio
Product Portfolio Headless Shell On (HL) Peeled Deveined Tail On (PDTO) Peeled Deveined Tail Off (PD) Pulled Vein Tail On (PVTO) Peeled Un-Deveined (PUD) Butterfly Shrimp Skewers Cooked Head On Cooked HL Shrimp Cooked HL Easy-Peel Shrimp Cooked PDTO Shrimp Cooked PD Shrimp 17
Slide 19: Process Flow
Process Flow Initial quality check by De-heading / de-shelling / technologist de-skinning / de-veining & Microbial & Chemical testing Pre-Processing Gut cleaning Washed with disinfectants, Graded & Chilled Raw Material weighed and iced Thoroughly checked piece by piece Graded, washed &
Slide 20: Manufacturing Facilities
Manufacturing Facilities Unit I: Unit II: Plate Freezer – 17.5 MTPD Plate Freezer – 14 MTPD Individually Quick Frozen – 10 MTPD Individually Quick Frozen – 25 MTPD Blast Frozen – 10 MTPD Cooker – 10 MTPD Cooker – 10 MTPD Processing units are located in the prime aquaculture zone near
Slide 21: Manufacturing Facilities
Manufacturing Facilities Unit III: Plate Freezer – 7.5 MTPD Individually Quick Frozen – 40MTPD Cooker – 15 MTPD Breading Line Nobashi Facility. New plant will augment Company’s value- added supply 20
Slide 22: Captive Solar Power plant- 3.6MW
Captive Solar Power plant- 3.6MW 21
Slide 23: Global Reach
Global Reach Russia Europe U.S.A. UAE Korea Japan Saudi Arabia Hongkong Australia WE SHIP WORLDWIDE 22
Slide 24: Clientele
Clientele COASTAL CORPORATION LIMITED pitior xo ae tae, 4 > AZ GEMS INC. = —— {4 GREAT AMERICAN SEAFOOD IMPORTS Co. The Choice group aTTIE SEA LLF. ClarkéSSCorporation Coral SEAFOOD Ge ——" . 7 Direct Source HT sEaroon, Inc. Seafood 23
Slide 25: Certificates & Achievements
Certificates & Achievements 24
Slide 26: Industry Overview
Industry Overview
Slide 27: Global Sea Food Industry
Global Sea Food Industry Surging consumption of Sea Food in Developed and Developing Economies: Economic prosperity driving consumption pattern across geographies Consumer shift towards sea food as source of protein and increased demand for exotic varieties Expanding population, rising health
Slide 28: World Outlook Aquaculture Production
World Outlook Aquaculture Production Aquaculture Production Increased contribution of Aquaculture India - Share in global sea food to Increase Global capture and Aquaculture Production In Million Tonnes 7.5% 7.1% 2016 2030 Source: FAO 27
Slide 29: India – Conducive Aquaculture Policy
India – Conducive Aquaculture Policy Policy Initiative by Government to fillip Aquaculture: Ministry of Food Processing, Govt. Of India, is encouraging the entrepreneurs for establishing processing factories under “Scheme for Integrated Cold Chain and Value Addition Infrastructure by extending Rs.
Slide 30: Financial Highlights
Financial Highlights
Slide 31: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights Revenue (Rs. Cr.) 700 604.3 600 473.5 491.1 500 400 300 279.69 200 100 0 FY20 FY21 FY22 9M FY23 EBITDA (Rs. Cr.) / Margin (%) PAT (Rs. Cr.) / Margin (%) 45 9.04% 10% 40 5.69% 8% 40 35 7% 5.6% 35 40.0 6.6% 8% 30 34.08 6% 30 5.39% 25 3.9% 5% 25 6% 20 2.8% 4% 20
Slide 32: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights Rs. Cr FY20 FY21 FY22 9M FY23 Revenue from Operation 604.28 473.48 491.10 279.69 Cost of Material Consumed 437.92 351.04 345.34 163.28 Changes in Inventory 9.96 -8.06 -10.32 14.08 Employee Expenses 14.67 14.16 17.24 -11.19 Other Expenses 101.73 90.84 122.41 7
Slide 33: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Rs. Cr. FY20 FY21 FY22 H1 FY23 Shareholders Funds 143.19 175.77 204.57 217.10 Share Capital 10.17 10.68 11.58 11.58 R&S 133.02 165.09 192.99 205.52 Non Current Liabilities 3.01 19.72 30.02 32.64 Long Term Borrowing 0.21 15.44 25.09 26.02 Trade Payables 0.00 0.00
Slide 34: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights ...Continued Rs. Cr. FY20 FY21 FY22 H1 FY23 Non Current Assets 73.29 117.00 189.57 210.84 Plant, Property & Equipment 35.45 44.18 44.41 141.62 Capital Work In Progress 2.30 32.32 91.53 6.26 Right of use asset 3.13 6.28 11.04 10.97 Investment property 10.95 11.77
Slide 35: Way Ahead
Way Ahead
Slide 36: Ongoing Expansions
Ongoing Expansions Odisha Processing Unit: • New Shrimp processing facility at Haridamada, Khurdha Odisha is spread across 4.28 acres • Estimated capex of around Rs 42 crore, out of which Rs 3.97 crore has already been incurred • Civil work of the project is expected to start in Q4 FY23 and project
Slide 37: Ethanol Sectoral Environment
Ethanol Sectoral Environment India’s ethanol blending target of 20% is likely to create opportunity of Rs 840 bn bio-ethanol market annually by 2025 Structural changes post 2018 Rollout plan over 2026 The National Policy on Bio-fuels - 2018 (NPB -2018) released in The Indian government has creat
Slide 38: Current & Future Capacities
Current & Future Capacities IQF Cooker MTPD MTPD Existing Capacities Unit 1 (Vishakhapatnam) 10 10 Unit 2 (Vishakhapatnam) 25 10 Unit 3 (Kakinada SEZ) 40 15 Upcoming Capacity Unit 4 (Odisha) 12 10 Total 87 45 37
Slide 39: Growth Drivers
Growth Drivers New Capacities - Volume Growth Value Added Segment – Better Margins Biofuel - Ethanol Project 38
Slide 40: Thank You
Thank You For more information, Please contact Coastal Corporation Limited 15-1-37/3, Jayaprada Apartments, Nowroji Road, Maharanipeta, Vishakhapatnam – 530002. Girish G Gangawat Andhra Pradesh, India. Mobile: +91-98920-16641 Ph: +91 - 891 - 2567118 Email: investors@cleaonir.com Email: info@coastalc