Mrs. Bector's Food Specialities Ltd. · NSE:BECTORFOOD
Mrs. Bector's Food Specialities — Q1 FY2025 Earnings Presentation
34 slides from Mrs. Bector's Food Specialities's earnings presentation, Aug 2, 2024
Slide 1: Exchange filing cover letter: Investor's Presentation
MBFSL/CS/2024-25 02nd August, 2024 To, To, Department of Corporate Relations, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, C- 1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai– 400051 Scrip Code : 543253 Scrip Symbo
Slide 2: The Magic of Baking - Investor Presentation Q1FY25
THE MAGIC OF BAKING INVESTOR PRESENTATION | Q1FY25
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Mrs. Bectors Food Specialities Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or i
Slide 4: Supportive Macro Drivers
Supportive Macro Drivers India’s growth story continues amidst global slowdown with continued easing of Retail Inflation India’s Real GDP Growth CPI Inflation 7.9 6.0 5.7 5.6 7.0 5.5 6.8 5.0 5.1 5.1 5.1 6.5 5.0 4.9 4.9 4.8 4.8 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 FY18 FY19 FY23 FY24 Sep-23 Oct-23
Slide 5: India's Consumption Story
India’s Consumption Story Global consumption market - India remains one of India's consumption growth (in nominal terms) the key consumer markets in the world outpaced China, US and Germany (in US$ terms) 20 18.6 8 2013 2023 7.2 7.1 Last 10-yr CAGR (2023) 7 6 15 5.0 5 11.4 4 10 3 2 6.9 1.0 1 5 0 3.5
Slide 6: Mrs Bector Foods: At a Glance
Mrs Bector Foods: At a Glance I feel blessed and express my gratitude to the central government for recognising my services. I am feeling honoured and want to thank my family, children, and staff. This is a very proud moment for me and for all at Bectors. I would like to dedicate this award to all w
Slide 7: Large & Diverse Portfolio
Large & Diverse Portfolio DOMESTIC BISCUITS BAKERY Domestic Range Of Cookies, Creams, Digestives, Marie And Crackers Breads, Bakery & Gourmet EXPORTS QSR + B2B Exports Range Of Crackers, Cookies, and Creams Largest & Most trusted QSR player The brand names mentioned are the property of their respect
Slide 8: Performance Update
}}} Performance Update
Slide 9: Consolidated Performance Scorecard – Q1 FY25
Consolidated Performance Scorecard – Q1 FY25 Net Revenue EBITDA % PAT Rs 439.4 Crs Rs. 64.0 Crs Rs 35.4 Crs Q1 FY25 Q1 FY25 Q1 FY25 +17.4% 10.5% 1.7% 12 Months Growth 12 Months Growth 12 Months Growth +46.1% +104.6% +178.2% 24 Months Growth 24 Months Growth 24 Months Growth 8
Slide 10: Consolidated Q1FY25 Performance Highlights
Consolidated Q1FY25 Performance Highlights (YoY and 24 months comparison) Revenue from Operations* Segment Wise Revenues (Rs. Crs.) 439 Biscuit Segment Bakery Segment 374 +17% 273 154 301 +23% 135 +14% 223 107 178 Q1FY23 Q1FY24 Q1FY25 Q1FY23 Q1FY24 Q1FY25 Q1FY23 Q1FY24 Q1FY25 Biscuit segment revenue
Slide 11: Consolidated Profit & Loss Statement – Q1 FY25
Consolidated Profit & Loss Statement – Q1 FY25 Profit & Loss Statement (Rs. Crs.) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Q-o-Q Revenue from Operations 439.4 374.2 17.4% 406.4 8.1% Cost of Materials Consumed 235.2 199.4 205.5 Purchase of stock-in-trade 9.1 7.7 8.7 Changes in inventories of finished goods, sto
Slide 12: Outlook & Approach
Mw. Beclor's = @ Outlook & Approach
Slide 13: Immense Industry Potential in the Biscuit Market
Immense Industry Potential in the Biscuit Market Growth in Biscuit Market (Rs. Bn.) Low per capita spending on biscuits 13.6 “Per capita consumption of biscuits in India +9% 620 has significantly increased 10.0 +10% in the last 5 years 400 7.2 However, it is far behind developed 250 590 4.0 economie
Slide 14: Growth Potential in Bread & Bakery Business
Growth Potential in Bread & Bakery Business Indian Breads & Buns Market (Rs. Bn.) Chain QSR Market (Rs. Bn.) Indian Bread Market size was Rs. 50 bn in FY20 of which premium category currently has a share of ~16% and is projected to grow at a rate of 15% for the next 5 years +9% 76 524 +23% +9% 50 33
Slide 15: Our Approach
Our Approach Growth Augmenting Distribution (B2C and B2B) Strategy Robust Supply Chain & Manufacturing • Automation from Front End to Back End to Enable real time analysis and Decision Making • Omni Channel Approach – Available on all touch points – Retail, MT, Ecom • Leveraging Technology for Build
Slide 16: Strong Multi Channel Distribution Network
Consolidated Performance Scorecard – FY24 Existing Geographies Strong Multi Channel Distribution Network* New Geographies States with supplies to CSD Depot 16 Depots 490+ Super 4,000+ CPOs 1250+ 7 L+ Retail 3 L+ Direct Stockists Distributers outlets Reach Among Top 2 in the premium and Omni-Channel
Slide 17: Cremica Brand footprint in 65+ Countries
Cremica Brand footprint in 65+ Countries Association with Walmart - Part of Walmart's commitment to source $10Billion in goods from India TRUST QUALITY COMMITMENT Bouquet of Unique International Offerings 70+ Dedicated Subsidiary Setup in UAE to cater MENA and African markets, Overall Number of plan
Slide 18: Preferred Supplier to Largest QSR Franchises in India
Preferred Supplier to Largest QSR Franchises in India Company is a leading player in the institutional bakery segment Key Success Factors Stringent quality control and Dedicated lines for manufacturing Industry best practices such as use of Innovative lines for manufacturing compliance with standard
Slide 19: Sustained Brand Building initiatives
Sustained Brand Building initiatives World Health Day Mothers Day Activation #maasehappiness Out of Home Visibility #slice of trust Campaign 18
Slide 20: Continuous Portfolio Enhancement
Continuous Portfolio Enhancement New Launch Butter Double Delight New Launch Non-Stop Crunchy Masala New Launch Zero Maida Rs 10/- for 71gms Rs 10/- for 25gms Bread Consumer Promotions 19
Slide 21: Automated state of art manufacturing units
Automated state of art manufacturing units o Equipped with advanced modern technology and automated systems o Invested Rs. 469+ crores between FY20 to FY24 to build capacities with superior capabilities o Specifically, sourced best in class equipment from Denmark, Germany, US and Italy o Plants are
Slide 22: Expansion Projects
Expansion Projects Additions in Rajpura (Punjab) o 2 Biscuit Lines have been commissioned in Rajpura in FY23-24 o 2 more lines are being added and 01 estimated to be completed by H1’24-25 Addition in Bakery Business o Bhiwadi plant has been commissioned in FY23-24 02 o The company will be setting up
Slide 23: Future Ready Production | Capacity Utilization
Future Ready Production | Capacity Utilization Biscuits Bakery (Metric Tonnes) (Metric Tonnes) Tahliwal, Himachal Current Capacity 1,48,344 94,984 Phillaur, Punjab Rajpura, Punjab Greater Noida, UP Additional Planned 38,760 24,741 Bhiwadi, Rajasthan Total 1,87,104 1,19,725 Dhar, MP Kolkata, West Ben
Slide 24: Project Impact 1.0 (Cost Transformation)
Project Impact 1.0 (Initiatives For Mrs. Bectors' Cost Transformation) We have launched Project IMPACT 1.0, embarking on a cost transformation journey that began in Q1 FY25 and will continue Key Enablers Procurement & Packaging Logistics • Strategic sourcing for raw materials Commercial • Optimizing
Slide 25: 'Goodness Together' - Building Communities around us
‘Goodness Together’ - Building Communities around us Under “Goodness Together”, we continuously look for every opportunity to develop the community around us School Infrastructure 90+ Mobile Health Camps Hospital Infra Development Women’s Health & Hygiene Facility for Technical skills Development Po
Slide 26: Historical Financials
}}} Historical Financials
Slide 27: Consolidated Segment Performance Highlights
Consolidated Segment Performance Highlights Revenue from Operations* Segment Wise Revenues (Rs. Crs.) 1,624 Biscuit Segment Bakery Segment 991 572 +19% 1,362 +23% +17% 487 807 988 881 574 592 339 259 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Biscuit Segment includes Domestic, Expor
Slide 28: Consolidated Segment Performance Highlights
Consolidated Segment Performance Highlights Revenue (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 1,624 242 140 1,362 175 988 90 881 141 123 72 57 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Gross Profit Margins EBITDA Margins PAT Margins 47.6% 46.7% 16.0% 8.2% 8.6% 44.2% 44.6% 14.9% 1
Slide 29: Consolidated Segment Performance Highlights
Consolidated Segment Performance Highlights Net Debt to Equity Working Capital (in Days) Inventory Debtors Creditors 0.2 Working Capital (in Days) 0.1 0.1 0.1 30 42 25 29 52 Mar-21 Mar-22 Mar-23 Mar-24 45 45 44 45 38 39 38 Cash Flow from Operations (Rs. Crs.) 30 30 28 164 153 24 110 84 FY21 FY22 FY2
Slide 30: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) FY24 FY23 FY22 FY21 Revenue from Operations 1623.9 1,362.1 988.2 880.7 Cost of Materials Consumed 833.6 737.7 536.0 467.8 Purchase of stock-in-trade 40.6 23.8 15.6 0.6 Changes in Inventories of Finished Goods and Work in Progres
Slide 31: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 Equity Equity share capital 58.8 58.8 58.8 58.7 Other equity 604.1 485.5 410.2 372.5 Total equity 662.9 544.3 469.0 431.2 Non-current liabilities Financial liabilities (i) Borrowings 149.0
Slide 32: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 31-Mar-21 Non-current assets Property, plant and equipment 491.6 407.6 391.4 339.7 Capital work-in-progress 94.4 48.7 11.9 55.3 Right-of-use assets 31.9 18.2 19.2 14.2 Goodwill 0.4 0.4 0.4 0.4 Other intangible asse
Slide 33: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) Mar-24 Mar-23 Mar-22 Mar-21 Cash Flow from Operating Activities Profit before Tax 188.3 120.7 75.7 97.1 Adjustment for Non-Operating Items 61.4 61.3 46.5 47.4 Operating Profit before Working Capital Changes 249.7 182.0 122.2 144.5 Chang
Slide 34: Company contact details
Company CIN: L74899PB1995PLC033417 Company Mr. Parth Patel Mr. Irfan Raeen +91 98197 85972 +91 97737 78669 parth.patel@linkintime.co.in irfan.raeen@linkintime.co.in
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