Adf Foods Limited · NSE:ADFFOODS
Adf Foods — Q3 FY2022 Earnings Presentation
27 slides from Adf Foods's earnings presentation, Jan 31, 2022
Slide 1: Cover letter to stock exchanges
Afjf FOODS LT D. 'Jeedi1u; t/ie, 11.ioi!d•. January 31, 2022 DCS-CRD DCS-CRD BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 519183 Symbol: ADFFOODS Sub: Investor Pr
Slide 2: Investor Presentation Q3 & 9MFY22
/), I roon. L T D. 'Jw,li"'I Ifie U4J,d,d, , Investor Presentation Q3 & 9MFY22 ~ ~ SWEETCORN TIKKI - 12
Slide 3: Agenda
Agenda Q3 & 9MFY22 Financial & 01 Operational Highlights 02 About The Company Our Key Strengths and Growth 03 Strategy 04 Historical Financial Overview
Slide 4: Q3 & 9MFY22 Financial & Operational Highlights
Q3 & 9MFY22 Financial & Operational Highlights '\tr~ i' lncuan IND I A S P 11 M 4 UM CHO IC I AEROPLANE '{,~
Slide 5: Q3 & 9MFY22 consolidated result highlights
IW Q3 & 9MFY22 consolidated result highlights '"I' 6u•Jll"6 n1or,1 Financials in Rs. Cr Total Income EBITDA & Margin PAT & Margin -- - - ---- - -· '"---------- l ·----------· Quarter performance I I L-----------J 19% YoY ---------J 0.4% YoY L:---------J -2% YoY 118.7 99.5 20.0 20.0 13.9 13.6 20.1% 1
Slide 6: Consolidated profit & loss statement
Consolidated profit & loss statement (Rs Cr) Q3FY22 Q3FY21 YoY 9MFY22 9MFY21 YoY • Revenue growth of 19% in Q3 & 18% in 9M driven by robust demand and improved Revenue from operations 117.1 98.7 313.0 266.8 realizations Other income 1.6 0.8 5.6 4.0 • Substantial improvement in Gross profit Total Inc
Slide 7: New product launches
New product launches Frozen Gravies Frozen Kulchas Ambient Range Dedicated R&D team to develop innovative products and variants to cater to evolving consumer needs 6
Slide 8: Recent developments
Recent developments • Patanjali Ayurved is a rapidly growing Indian multinational consumer goods company based in Uttarakhand, India, that focuses on natural, herbal and ayurvedic products PATANJAL ® ~ Exclusive • Agreement entails distribution of consumer goods in Western Europe and United Distribu
Slide 9: About the Company
About the Company “ At ADF we believe in maintaining high quality standards, introducing “ new and innovative products while remaining customer centric '\tr~ i' lncuan IND I A S P 11 M 4 UM CHO IC I AEROPLANE '{,~
Slide 10: Company highlights
Company highlights 7 55+ 180+ Brands Countries Distributors Operational strengths 3 2 ~28,000 State of the art manufacturing Warehouse Units MTPA Capacity facilities 22% 20% 13% 3-year Revenue CAGR EBITDA Margin PAT Margin Financial strengths 21% 27% Rs 81 cr Return on Equity Return on Capital Emplo
Slide 11: Our businesses – leading processed food company
Our businesses – leading processed food company Afi FOODS LTD. 'Jtttl,nf) IAt. w<nld FY21 Revenue Contribution Large range of products suited for different palates Processed One of the top brands in Foods '1trs ,, n(!Jlan ~ ethnic food shelves in key 79% Business INDIA ' S PREM I UM CHOICE CAfflEl m
Slide 12: Processed foods business
Processed foods business 'tr~ ;n In - IND I A ' S PREMIUM CHOICE • Flagship brand primarily targeted at Indian diaspora • Primarily targeted at Non-Indian Positioning worldwide consumers • Frozen snacks, frozen breads, frozen vegetables, RTE, • RTE, meal accompaniments, pastes, Products meal accompa
Slide 13: Processed foods business
Processed foods business ~ CAfflEl BINDASS KHAO • Premium brand targeted at Arabic • Primarily targeting urban Indian Positioning • Economy brand diaspora 11 11 customers I Products • Meal accompaniments, pastes, sauces • Meal accompaniments, pastes, sauces • Meal accompaniments, pastes, sauces 11 1
Slide 14: Processed foods business
Processed foods business Frozen Organic Plant Based Protein Mexican Food (Meat Alternatives) Positioning • Organic, made with USDA certified organic ingredients • Non-GMO, all natural, vegan, vegetarian Products • Hand rolled burritos • Meatless meatballs Geographies • USA • USA Retail channel • 100
Slide 15: Distribution business
Distribution business Unilever Canada Patanjali Ayurveda • Distribution of synergistic products for a Fortune 500 • Distribution for a leading Indian FMCG that will cater Positioning FMCG that are complimentary to existing range and to the growing Indian diaspora market abroad and offer offer a wide
Slide 16: Our Key Strengths and Growth Strategy
Our Key Strengths and Growth Strategy '\tr~ i' lncuan IND I A S P 11 M 4 UM CHO IC I AEROPLANE '{,~
Slide 17: State of the art manufacturing units
3 State of the art manufacturing units ~ FOODS L . 'Jtttl,nf) 1A1. W<nld • Total Built up factory area - 15,000 Sqm • Frozen Foods (Samosas, Vegetables, Nadiad, Gujarat Snacks, Parathas, etc) The facility at Nasik is USDA Organic accredited, • Meal Accompaniments (Pickles, ensuring stringent product
Slide 18: Robust global distribution network
Robust global distribution network Masud Sethi Bharat Sareen Simon Roberts Country manager (Canada) Country manager (UK) Sales Agent (UK) Upinder Thakur Country manager (UK) CANADA EUROPE Savita Patel Savio Almeida Head Operations & Country manager (GCC, Commercial (USA) ASIA Levant Countries, Asia
Slide 19: Management Team
Led by an experienced management team and Board Devang Gandhi Shardul Doshi Shalaka Ovalekar Bimal Thakkar Chief Operating Officer Chief Financial Officer CS & Legal Head Chairman, Managing Director and CEO Management Team • 30+ years of experience in • 25 years of experience in finance, • 15+ years
Slide 20: Focused branding and advertising engagements
Focused branding and advertising engagements Media Advertisements Ashoka was the Associate Sponsor of IPL 2020 Sponsorship of Taarak Mehta Ka BIG BOSS Sponsorship on Colors TV for the US and Canada markets on Willow TV Ooltah Chashmah on Sony SAB In-store Promotions UK Cross promotion - Buy any pack
Slide 21: Moving up the value chain through investments in distribution
Moving up the value chain through investments in distribution ~ ~ 0-0 Manufacturing Warehousing Distribution Retailer Consumer • Undertaking brownfield and • Leased a second warehouse a • Established a step-down debottlenecking efforts at existing center in Georgia, USA with an subsidiary with an ex
Slide 22: Historical Financial Overview
Historical Financial Overview '\tr~ i' lncuan IND I A S P 11 M 4 UM CHO IC I AEROPLANE '{,~
Slide 23: Consolidated financial performance
Consolidated financial performance Financials in Rs. Cr Total Income EBITDA & EBITDA Margin PBT & PBT Margin 19% 3-year CAGR 23% 3-year CAGR 28% 3-year CAGR 375 295 74 67 245 62 55 220 53 40 38 32 18% 21% 21% 20% 15% 15% 19% 18% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 PAT & PAT M
Slide 24: Generating value for shareholders
Generating value for shareholders Our continued focus lies on improving cash generation and maintaining a robust balance sheet, thereby enabling us to generate strong returns and reward shareholders FY17 FY18 FY19 FY20 FY21 Rs 57.1 crores Rs 9.6 crore Rs 5.5 crore Rs 30 crore Rs 6 crore Rs 6 crore R
Slide 25: Consolidated profit & loss statement
Consolidated profit & loss statement (Rs Cr) FY21 FY20 FY19 Revenue from operations 369.3 285.2 231.4 Other income 6.0 9.4 14.1 Total Income 375.3 294.6 245.5 Cost of material consumed 107.3 81.8 89.3 Purchase of stock-in-trade 124.9 86.4 42.0 Changes in inventories -17.1 -19.2 -11.1 Employee expens
Slide 26: Consolidated balance sheet
Consolidated balance sheet (Rs Cr) Sep’21 Mar’21 (Rs Cr) Sep’21 Mar’21 Share Capital 20.4 20.4 Fixed Assets incl. CWIP 103.9 56.2 Reserves 280.0 253.1 Intangible Assets (inc. goodwill) 45.3 21.3 Shareholders' Funds 300.4 273.5 Income Tax Asset (Net) 7.2 5.0 Long Term Borrowings 7.4 0.0 Other Non Cur
Slide 27: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,