Vadilal Industries Limited · NSE:VADILALIND
Vadilal Industries — Q3 FY2016 Earnings Presentation
27 slides from Vadilal Industries's earnings presentation, Feb 15, 2016
Slide 1: Vadilal Industries Ltd. corporate announcement to stock exchanges
VADILAL INDUSTRIES LTD. REGD. OFFICE : “VADILAL HOUSE” 53, SHRIMALI SOCIETY, NR. NAVRANGPURA RLY. CROSSING, NAVRANGPURA, AHMEDABAD - 380009. TELE. NO. : (91) (79) 26564019-24 FAX : (91) (79) 26564027 CIN No: L911 106J1982%4 Co0st69 VISIT US ON : http/www.vadilaigroup.com Email: shareslogs@vadilalgro
Slide 2: Q3 & 9MFY16 Results Presentation
VADILAL INDUSTRIES Q3 & 9MFY16 Results Presentation
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 4: Table of Contents
Table of Contents Q3 & 9M FY16 Financial Performance Financial Performance Trends Vadilal Industries Overview Outlook 3 \ 26
Slide 5: Q3 & 9M FY16 Performance
Q3 & 9M FY16 Performance
Slide 6: Chairman's Message
Chairman’s Message Commenting on Q3 & 9M FY16 performance, Mr. Rajesh Gandhi, Chairman and Managing Director, Vadilal Industries Limited (VIL) said: “Vadilal Industries’ Q3 results and performance in the current year to date are encouraging as we continue to deliver improvements in revenues, margins
Slide 7: Financials – Q3 & 9M FY16 Performance
Financials – Q3 & 9M FY16 Performance Revenue • Vadilal Industries Limited (VIL) delivered 3.5% y-o-y 354.7 325.5 growth in Q3FY16, driven by 11% y-o-y growth Ice Cream business on enhanced penetration and volumes in domestic markets 66.0 68.3 • Processed Foods division revenues were lower following
Slide 8: Financials – Q3 & 9M FY16 Performance (PBIT)
Financials – Q3 & 9M FY16 Performance Ice Cream - PBIT • Expanded volumes in the Ice Cream segment in an off 50.5 season quarter helped increase utilization levels, 29.5 reduce costs and improve performance -6.5 -2.4 • VIL continues to expand its domestic presence and target export markets targeting
Slide 9: Financials – Q3 & 9M FY16 Performance (EBITDA, PAT)
Financials – Q3 & 9M FY16 Performance EBITDA • In 9M FY16, EBIDTA grew 50% y-o-y leading to margin 51.9 expansion of 400 bps as the company benefitted from 34.6 weak dairy commodity prices, lower packaging and transportation costs -5.6 -2.7 • EBIDTA performance for the quarter continue to 9MFY15 9MF
Slide 10: Financials Performance Trends
Financials Performance Trends
Slide 11: Financials Performance Trends – Revenue
Financials Performance Trends Revenue 416.0 481.0 330.1 371.7 236.5 285.8 FY11 FY12 FY13 FY14 FY15 FY15* Ice Cream Processed Foods 341.7 265.5 294.0 73.9 236.0 60.2 65.8 198.8 48.1 38.9 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 • Pro-forma financial numbers aggregating the performance of Vad
Slide 12: Financials Performance Trends – EBITDA and PAT
Financials Performance Trends EBITDA 60 49.4 50 40.5 39.1 42.0 Over the last three years, consumer behavior has 40 36.8 remained largely subdued. In this period, VIL has 30 25.1 delivered about 14% growth from its expanded 20 10 manufacturing capacities. 0 FY15 FY11 FY12 FY13 FY14 FY15* The Company
Slide 13: Financials Performance Trends - (Balance Sheet)
Financials Performance Trends - (Balance Sheet) Networth Net Fixed Assets 119.0 265.5 111.2 115.3 115.1 115.1 203.5 221.4 231.2 224.9 43.5 114.6 FY11 FY13 FY15 FY11 FY13 FY15 FY12 FY14 FY12 FY14 FY15* FY15* Non Current Liabilities Net Current Assets 144.6 114.3 117.1 115.5 103.2 20.8 21.9 91.9 11.1
Slide 14: Vadilal Industries Overview
Vadilal Industries Overview
Slide 15: Overview
Overview • Currently managed by fourth generation promoter family 108-year old, established • Selected India’s most trusted ice cream brand in 2013 and 2014 by the ice cream brand Brand Trust Report • Top 3 ice-cream brand in the country , 150+ flavors Largest range of ice creams of • 300 SKU’s of c
Slide 16: Indian Ice Cream Market
Indian Ice Cream Market Evolving perceptions • Ice cream is transitioning from periphery to mainstream, from occasional indulgence to snacking option Changing demand patterns • Transition from seasonal to year-long consumption Growing affordability • Increased disposable incomes and discretionary sp
Slide 17: Vadilal: Growth Strategies
Vadilal: Growth Strategies Retail Investments New Product Development Brand Building Initiatives • 5,000 new sales Geographical outlets planned in • Constantly innovating FY16 Expansion to roll out new • Seen as one of the products in ice cream • 50 new branded ice most trusted ice segment cream par
Slide 18: Ice Creams - Brands Portfolio
Ice Creams - Brands Portfolio 17 \ 26
Slide 19: Processed Foods Business
Processed Foods Business • Global business selling to 45 countries in four continents • Strong distribution to Indian diaspora, being further developed with new product launches • Expanded export markets from 12 SKU’s supplied to seven countries in 1991 to 100+ SKU’s to 45 countries currently • Expa
Slide 20: Processed Foods - Brands Portfolio
Processed Foods - Brands Portfolio • Processed foods products are marketed under the brand name ‘Quick Treat’ • Portfolio includes frozen vegetables, ready-to-eat/ready-to-serve frozen snacks, Indian breads and curries • Positioned to assist Indian kitchens with traditional home cooking 19 \ 26
Slide 21: Production Facilities
Production Facilities • Capacity expanded across production facilities over the last three years, • Current production on automated processes “untouched by hand”, manual intervention only at packaging stage • Discontinuing production of non-branded canned pulp products to focus on branded portfolio
Slide 22: Distribution Presence
Distribution Presence Jammu & Himachal Kashmir Pradesh Chandigarh Punjab Bihar Uttaranchal Delhi Haryana Bareilly Uttar Pradesh Rajasthan West Madhya Pradesh Pundhra Bengal Jharkhand Dharampur Gujarat Chhattisgarh Orissa Distribution network comprises of 55,000 retailers, over 800 distributors, 50 C
Slide 23: Awards and Accreditations
Awards and Accreditations 22 \ 26
Slide 24: Outlook
Outlook
Slide 25: Planned Initiatives
Planned Initiatives Corporate Transition Expanding Presence Increasing penetration into 24 states Presence across 16 states, 50 CNF’s, Discontinuation of non-branded/ Planned merger of Vadilal Industries in India – moving from passive to over 800 distributors, 250 bulk processed foods to aid debt (m
Slide 26: Contact Us
Contact Us 25 \ 26
Slide 27: Thank You
THANK YOU 2/15/2016 26