Amira Nature Foods Ltd · OTC:ANFIF
Amira Nature Foods — Q1 2015 Earnings Presentation
19 slides from Amira Nature Foods's earnings presentation, Aug 29, 2014
Slide 1: HN
HN
Slide 2: August 2014 Amira
August 2014 AMIRA www.amirafoods.com
Slide 3: Forward Looking Statement
3 Forward Looking Statement This release contains forward - looking statements within the meaning of the U.S. federal securities laws. These forward - looking statements generally can be identified by phrases such as that we or our members of management “believe,” “expect,” “anticipate,” “foresee,”
Slide 4: Amira Team
4 Amira Team Rajesh Arora Sr. Executive Director Finance Karan A. Chanana Chairman, Chief Executive Officer Bruce Wacha Chief Financial Officer Ashish Poddar Executive Director Finance
Slide 5: Q1 2015 Financial Highlights
5 Q1 2015 Financial Highlights Revenue Key drivers Adjusted EBITDA Adjusted EPS % margin 13.2% 13.7% Revenue increase by $28.5 million, or 25.9% to $138.8 million driven by increased sales volumes, pricing and mix both in India and internationally, versus the same quarter one year ago Sales in India
Slide 6: Q1 2015 Revenue Mix
6 Q1 2015 Revenue Mix Branded vs. Institutional Revenue Mix India vs. International Revenue Mix Amira and Third Party Branded Sales Note: Sales to Institutional clients were $2.0 million in Q1 2015 from $4.4 million in Q1 2014 Amira and Third Party Branded , 99% Institutional , 1% India Sales Intern
Slide 7: Key Working Capital Items
7 Q4 2014 Q1 2015 Inventories $255.0 $265.7 % LTM sales 46.6% 46.1% Trade receivables $80.9 $71.4 % LTM sales 14.8% 12.4% Trade payables $41.2 $23.7 % LTM sales 7.5% 4.1% Net Adjusted working capital $298.2 $311.1 % LTM sales 54.5% 54.0% Key Working Capital Items Note: Net working capital includes i
Slide 8: Key Capital Structure Items
8 Q4 2014 Q1 2015 Cash equivalents and deposits $37.6 $32.8 Total debt $184.8 $182.9 LTM adjusted EBITDA $75.5 $80.0 Total debt / LTM adjusted EBITDA 2.4x 2.3x Net debt / LTM adjusted EBITDA 2.0x 1.9x Key Capital Structure Items $ in millions Q4 2014 Q1 2015 Note: LTM sales and LTM adjusted EBITDA a
Slide 9: Progress Update: Amira at Time of IPO vs. Today
9 IPO (June 2012) Q1 2015 LTM Revenue $342.0 $ 575.9 Adjusted EBITDA $41.9 $80.0 % Adjusted EBITDA margin 12.3% 13.9% Share price $10.00 $15.76 Market cap $356.7 $573.7 Enterprise value $416.5 $723.9 Enterprise value / Adj. LTM EBITDA 10.0x 9.0x Progress Update: Amira at Time of IPO vs. Today $ in m
Slide 10: Outlook
255 - 204 - 102 204 - 204 - 204 238 - 228 - 87 155 - 203 - 239 Shading/Highlighting colors 255 - 240 - 201 222 - 112 - 8 212 - 176 - 18 142 - 72 - 3 180 - 40 - 36 117 - 40 - 28 205 - 120 - 1 82 - 67 - 46 126 - 190 - 238 148 - 185 - 182 198 - 217 - 206 10 Outlook Long term FY 2015 Revenue 20% + growt
Slide 11: Appendix
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Slide 12: Consolidated Statements of Profit or Loss
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Slide 13: Consolidated Statements of Financial Position
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Slide 14: Consolidated Statements of Cash Flows
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Slide 15: Non IFRS Measures
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Slide 16: Non IFRS Reconciliations for Adj. EBITDA and Adj. Profit After Tax
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Slide 17: Non IFRS Reconciliation for Adjusted Earnings Per Share
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Slide 18: Q1 2015 LTM Revenue and EBITDA Reconciliation
255 - 204 - 102 204 - 204 - 204 238 - 228 - 87 155 - 203 - 239 Shading/Highlighting colors 255 - 240 - 201 222 - 112 - 8 212 - 176 - 18 142 - 72 - 3 180 - 40 - 36 117 - 40 - 28 205 - 120 - 1 82 - 67 - 46 126 - 190 - 238 148 - 185 - 182 198 - 217 - 206 18 Q1 2015 LTM Revenue and EBITDA Reconciliation
Slide 19: - - - - - - - - 1 82 - 67 - 46
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