Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q2 H1FY25 Earnings Presentation
24 slides from Avanti Feeds's earnings presentation, Nov 19, 2024
Slide 1: Letter to BSE and NSE on Q2H1FY25 results presentation
November 19, 2024 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 Si
Slide 2: Avanti Feeds Ltd Q2 & H1FY25 Result Presentation
AVANTI FEEDS LTD Q2 & H1FY25 Result Presentation
Slide 3: 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 4: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 5: Result Highlights
RESULT HIGHLIGHTS
Slide 6: Quarterly Consolidated Highlights
Quarterly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 313 249 6% 39% 47% bps bps 13,551 13.1% 9.0% 1,775 1,215 12,785 10.0% 6.5% 1,275 827 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 5
Slide 7: Half Yearly Consolidated Highlights
Half Yearly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 250 207 1% 25% 31% bps bps 28,614 2,590 9.1% 28,321 3,723 13.0% 1,979 2,976 10.5% 7.0% H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 H1FY24 H1FY25 6
Slide 8: Quarterly & Half Yearly Results Snapshot
Quarterly & Half Yearly Results Snapshot Consol Profit & Loss (Rs mn) Q2FY25 Q2FY24 Y-o-Y Q1FY25 Q-o-Q H1FY24 H1FY25 Y-o-Y Segment Revenues Shrimp Feed 10,793.2 10,331.3 4.5% 12,725.8 -15.2% 23,580.1 23,519.0 -0.3% 1 Q2FY25 sales grew 6% YoY, driven by a 7,033 Shrimp Processing 2,757.7 2,453.6 12.4%
Slide 9: 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 10: Management Commentary on Q2FY25
Management Commentary on Q2FY25 Shrimp Feed Shrimp feed revenues rose 4% YoY to ₹10,793 million, with volumes witnessing a rise of 6% YoY. EBITDA margins improved by 488 basis points at 13.6% supported by enhanced utilization during Q2FY25. Shrimp Processing & Export Shrimp processing revenue surged
Slide 11: Processed Shrimp Sales – Asia & EU Export Share
Processed Shrimp Sales – (% Asia & EU Export Share Surges ~2-4x from Q2FY24) Q2FY24 Q1FY25 Q2FY25 6.0% 16.4% 14.3% 3.9% ASIA ASIA ASIA EUROPE 19.3% EUROPE EUROPE 18.2% 65.4% NORTH AMERICA 66.4% NORTH AMERICA NORTH AMERICA 90.1% FY22 FY23 FY24 8.9% 5.8% 10.8% 7.6% 7.7% ASIA ASIA ASIA 14.2% EUROPE EUR
Slide 12: Segmental Quarterly Metrics
Segmental Quarterly Metrics – Strong margins across both business's Shrimp Feed Revenues Processed Shrimp Revenues 15, 000 16% 19% 13,057 3,5 00 20% 13,249 17% 3,013 3,210 13% 12,726 14% 13% 14% 2,939 16% 2,868 15% 18% 16% 13, 000 15% 3,0 00 2,622 2,636 14% 14% 14% 16% 10% 10,384 10,331 10,793 12% 2
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Particulars Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Production (MT) Shrimp Feed 123,464.0 105,764.0 105,108.0 163,610.0 128,367.0 115,018.0 132,079.0 153,293.0 134,476.0 Shrimp Processing 2,851.0 2,550.0 2,609.0 3,285.0 3,643.0 3,398.0 2,920.
Slide 15: Operational Highlights – Fiscals & Half Year
Operational Highlights – Fiscals & Half Year Particulars FY18 FY19 FY20 FY21 FY22 FY23 FY24 H1FY24 H1FY25 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 539,074 291,977.0 287,769.0 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246 6,928.0 8,339.0 Sales (M
Slide 16: The Path Forward
THE PATH FORWARD
Slide 17: Company Highlights – Q2FY25
Company Highlights – Q2FY25 Shrimp Feed • Shrimp Feed sales in Q2FY25 was 1,34,897 MT as compared to 1,27,864 MT in Q2FY24 an increase of 6% YoY • The ₹2,616 crore allocation for the Fisheries sector in the Union Budget 2024 is set to boost R&D in aquaculture, focusing on sustainable and efficient s
Slide 18: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 19: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR Mn) Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Income from Operations 13,221.0 11,025.8 10,930.0 15,536.6 12,784.9 12,532.3 12,835.1 15,062.7 13,550.9 Other Income 264.9 291.7 240.5 325.8 335.2 337.2 364.5 346.9
Slide 20: Profit & Loss Statement – Fiscals & Half-Year
Profit & Loss Statement – Fiscals & Half-Year Consolidated Profit & Loss (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 H1FY24 H1FY25 Income from Operations 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 28,321.5 28,613.6 Other Income 538.3 702.3 925.8 816.7 920.2 1,362.7 661.0 764.6 Total Income 35,
Slide 21: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 H1FY25 Share capital 136 136 136 136 136 136 136 Reserves and Surplus 13,437 15,811 19,759 21,338 23,632 26,893 28,700 Non-current liabilities 376 218 193 178 347 584 580 Current liabilities 2,199 2,634 2,73
Slide 22: Annexure
B | ANNEXURE
Slide 23: Stock Information
Stock Information • Market cap (INR) – ~79 bn (As on 15th Nov 2024) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th Sept,2024) • NSE code: AVANTIFEED Shareholding Pattern as on 30th Sept, 2024 Relative stock price vs BSE Sensex As on 15th Nov, 2024 18.7% 200 150 139 43.2% 100 131 8.2% 5
Slide 24: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India