Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — H1 FY22 Earnings Presentation
21 slides from Apex Frozen Foods's earnings presentation, Nov 15, 2021
Slide 1: Cover letter to stock exchanges
A 3-160, Panasapadu, Kakinada 533 005 La Andhra Pradesh . India — AP EX off +91 884 2383902 - 4 (3 lines) fax +91 884 2383905 - 6 FA FROZEN FOODS LTD. kd @apexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 14.11.2021 To To The General Manager, The General Manager, Department of Corporate Services,
Slide 2: Apex Frozen Foods Result Presentation Q2/H1 FY22
Apex Frozen Foods Result Presentation Q2/H1 FY22
Slide 3: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Key Business Updates – Q1/H1 FY22
Key Business Updates – Q1/H1 FY22
Slide 5: Key Business Updates – Q2/H1 FY22
4 Key Business Updates – Q2/H1 FY22 4 While demand for Shrimp from our key markets continued to remain robust in Q2 & H1 FY22, the global sea transportation challenges persisted, limiting our growth in volumes sold. Outlook: The transport situation is easing out, albeit, gradually Operational Update
Slide 6: Key Operational Highlights
5 Key Operational Highlights Geographical Sales Mix 01 Total Shrimp Sales (MT) 02 5 3,671 3,542 Q2 FY22 Europe 21% 3,262 USA 79% Q2 FY21 Q1 FY22 Q2 FY22 Geographical Sales Mix 04 Total Shrimp Sales (MT) 03 China 6,868 6,804 2% H1 FY22 Europe 18% USA 80% H1 FY21 H1 FY22
Slide 7: Income Statement Highlights
6 Income Statement Highlights Particulars (Rs Mn) Q2 FY22 Q2 FY21 Y-o-Y % Q1 FY22 Q-o-Q % H1 FY22 H1 FY21 6 Net revenue 2,671 2,622 2,228 4,899 4,805 Other income 28 16 47 75 42 Total Income 2,699 2,638 2.3 2,275 18.6 4,974 4,847 Raw material costs 1,697 1,739 1,550 3,247 3,223 Employee expenses 100
Slide 8: Balance Sheet Highlights
7 Balance Sheet Highlights Liabilities (Rs Mn) Mar-21 Sep-21 Assets (Rs Mn) Mar-21 Sep-21 7 Shareholder’s Funds 4,398 4,575 Non-current assets 2,708 2,677 Share capital 313 313 Net block 2,504 2,434 Reserves & surplus 4,086 4,262 Capital work-in-progress 154 197 Non-current liabilities 281 278 Other
Slide 9: Company At a Glance
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Slide 10: One of the Leading Exporters of Processed Shrimp in India
9 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY21 ▪ 9 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors & exporters in India European Union 14% ▪ Diversified customer base of Food Companies, Retail Ch
Slide 11: Hatchery | Stepping-stone for Ensuring Quality Produce
10 Hatchery | Stepping-stone for Ensuring Quality Produce 10 Process: Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Phase – II (Ongole) Construction completed Location: North of Vizag Location: Srikakulam Location: Ongole Commenced: Year 2016 Commenced: Year
Slide 12: Processing | Well Placed with New Capacity and Product Line
11 Processing | Well Placed with New Capacity and Product Line… 11 Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 29240 6000 6000 3000 G. Ragampeta Plant: 9240 9240 9240 Capacity
Slide 13: Moving up the Value Chain with Ready-to-Eat Product Offerings
12 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 12 Ready to Eat Cooked Peeled & De-veined Tail-on Cooked in Shell Specialty Product Shrimp Rings Butterfly Shrimp Dusted and Breaded Peeled Product Skewered Shrimp Par-fried Shrimp Peeled, Deveined, Tail-on Seasoned Shrimp Peeled Un
Slide 14: Key Factors to Consider for the Sector
13 Key Factors to Consider for the Sector 13 Demand Slowdown Disease Related Volatile Pricing Being an export-oriented sector, Highly susceptible to outbreak of Global imbalances in demand- any slowdown in consumption in diseases, which can have a supply can impact pricing. key markets like the USA,
Slide 15: Annexures
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Slide 16: Operational Highlights – Yearly Trend
15 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 Leased 15 Owned 14,146 13,051 12,243 11,702 9,897 29,240 29,240 6,000 6,000 3,000 9,240 9,240 9,240 FY17 FY18 FY19 FY20* FY21 FY17 FY18 FY19 FY20 FY21 Working Capital (Days) 04 Total Debt to Equity (times) 03
Slide 17: Income Statement – Yearly Trend
16 Income Statement – Yearly Trend Profit & Loss (Rs Mn) FY17 FY18 FY19 FY20 FY21 16 Net revenue 6,987 9,986 8,747 8,271 8,185 Other income 106 199 215 190 75 Total income 7,093 10,185 8,962 8,461 8,260 Raw material costs 5,317 7,031 5,810 5,735 5,531 Employee expenses 249 389 482 437 398 Other expe
Slide 18: Balance Sheet – Yearly Trend
17 Balance Sheet – Yearly Trend Liabilities (Rs Mn) Mar-19 Mar-20 Mar-21 Assets (Rs Mn) Mar-19 Mar-20 Mar-21 17 Shareholder’s Funds 3,551 3,959 4,398 Non-current assets 2,456 2,913 2,708 Share capital 313 313 313 Net block 1,147 2,802 2,504 Reserves & surplus 3,238 3,646 4,086 Capital work-in-progre
Slide 19: India’s Seafood Exports Driven by Surging Shrimp Exports
18 India’s Seafood Exports Driven by Surging Shrimp Exports India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 18 Shrimp CAGR of 14% vs Total Seafood CAGR of 6% 1,377 1,393 1,290 1,135 1,149 1,051 984 946 928 862 813 678 603 566 614 652 590 358 374 434 229 301 126 131 151 189 FY09
Slide 20: Share Capital Information
19 Share Capital Information 500 1-yr Share Price Movement (Rs/share) 400 19 300 200 100 0 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Other data (as on 13-Nov-21) Shareholding Pattern (as on Sep-21) NSE / BSE code APEX / 540692 CMP (Rs/share) 292.80 In
Slide 21: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Sheetal Keswani pooja.sharma@stellar-ir.com sheetal@stellar-ir.com