Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q1 FY2025 Earnings Presentation
23 slides from Avanti Feeds's earnings presentation, Aug 1, 2024
Slide 1: Avanti Feeds Ltd Q1FY25 Result Presentation
AVANTI FEEDS LTD Q1FY25 Result Presentation
Slide 2: 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 3: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 4: Result Highlights
RESULT HIGHLIGHTS
Slide 5: Quarterly Consolidated Highlights
Quarterly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 198 176 -3% 15% 20% bps bps 15,53 7 1,948 9.1% 15,06 12.9% 1,377 3 1,147 7.4% 1,701 11.0% Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 5
Slide 6: FY24 Consolidated Highlights
FY24 Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 154 120 6% 23% 26% bps bps 3,938 7.3% 53,689 5,943 11.1% 50,870 4,850 3,123 9.5% 6.1% FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 6
Slide 7: Quarterly & Fiscal Results Snapshot
Quarterly & Fiscal Results Snapshot Consol Profit & Loss (Rs mn) Q1FY25 Q1FY24 Y-o-Y Q4FY24 Q-o-Q FY24 FY23 Y-o-Y Segment Revenues Shrimp Feed 12,725.8 13,248.8 -3.9% 9,967.0 27.7% 42,870.3 40,395.0 6.1% 1 Q1FY25 sales dipped 3% YoY by Rs 474Mn, Shrimp Processing 2,336.9 2,287.8 2.1% 2,868.1 -18.5%
Slide 8: An aim to Strengthen the Aquaculture Industry
An aim to Strengthen the Aquaculture Industry Key Highlights The Indian seafood exports touched an all time high 17,81,602 MT worth of Rs 600 billion in FY23-24. Frozen shrimp continues to be the major export item, and the demand is expected to grow, supporting the expansion of shrimp farming oper
Slide 9: Management Commentary on Q1FY25
Management Commentary on Q1FY25 Shrimp Feed Shrimp feed revenues dropped 4% YoY to Rs 523mn, with volumes declining by a similar extent EBITDA margins increased by 240bps YoY to 12.5%, aided by better utilization in Q1FY25 being major shrimp culture season. Shrimp Processing & Export Shrimp processi
Slide 10: Processed Shrimp Exports – EU Exports share continues to stay healthy
Processed Shrimp Exports – (EU Exports share continues to stays heathy) Q1FY24 Q4FY24 Q1FY25 11% 11% 18% USA USA USA 9% Asia 12% Asia Asia EU 9% EU EU 10% 7% 57% Canada 0% Canada Canada 1% 70% Others 70% Others 16% Others 0% FY22 FY23 FY24 2% 8% 2% 11% 11% USA USA USA 7% 14% 10% Asia Asia Asia 6% 6%
Slide 11: Segmental Quarterly Metrics
Segmental Quarterly Metrics – Strong margins across both business's since Q1FY24 Shrimp Feed Revenues Processed Shrimp Revenues 19% 15,000 14% 13,249 12,726 3,500 3,013 20% 13,057 17% 3,210 12,388 13% 16% 16% 2,868 15% 18% 2,939 13,000 12% 13% 12% 15% 14% 9,605 10,384 10% 2,622 2,636 14% 14% 3,000 1
Slide 12: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 13: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Production (MT) Shrimp Feed 167,285.0 123,464.0 105,764.0 105,108.0 163,610.0 128,367.0 115,018.0 132,079.0 153,293.0 Shrimp Processing 3,949.0 2,851.0 2,550.0 2,609.0 3,285.0 3,643.0 3,398.0 2,920.0 4,
Slide 14: Operational Highlights – Fiscals
Operational Highlights – Fiscals FY18 FY19 FY20 FY21 FY22 FY23 FY24 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 539,074 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246 Sales (MT) Shrimp Feed 430,314 421,691 484,669 473,449 540,895 497,066 531,967 Shr
Slide 15: The Path Forward
THE PATH FORWARD
Slide 16: Company Highlights – Q1FY25
Company Highlights – Q1FY25 Shrimp Feed • Shrimp Feed sales in Q1FY25 was 1,58,591 MT as compared to 1,65,507 MT in Q1FY24 a dip of 4% YoY • The ₹2,616 crore allocation to the Fisheries sector in the Union Budget 2024 paves the way for advancing R&D in aquaculture, including the development of more
Slide 17: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 18: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR Mn) Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Income from Operations 15,693.0 13,221.0 11,025.8 10,930.0 15,536.6 12,784.9 12,532.3 12,835.1 15,062.7 Other Income 123.2 264.9 291.7 240.5 325.8 335.2 337.2 364.5
Slide 19: Profit & Loss Statement – Fiscals
Profit & Loss Statement – Fiscals Consolidated Profit & Loss (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 Income from Operations 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 Other Income 538.3 702.3 925.8 816.7 920.2 1,362.7 Total Income 35,416.1 41,855.3 41,931.4 51,176.3 51,790.0 55,051.6 Opera
Slide 20: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 Share capital 136 136 136 136 136 136 Reserves and Surplus 13,437 15,811 19,759 21,338 23,632 26,756 Non-current liabilities 376 218 193 178 347 585 Current liabilities 2,199 2,634 2,734 3,510 3,231 3,505 To
Slide 21: Annexure
@ | ANNEXURE
Slide 22: Stock Information
Stock Information • Market cap (INR) – ~87 bn (As on 6th Aug 2024) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th June,2024) • NSE code: AVANTIFEED Shareholding Pattern as on 30th June, 2024 Relative stock price vs BSE Sensex As on 06th Aug , 2024 200 17.1% 159 150 133 9.9% 43.2% 100 5
Slide 23: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India