Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q3 FY2024 Earnings Presentation
25 slides from Avanti Feeds's earnings presentation, Feb 10, 2024
Slide 1: Intimation of investor conference call schedule
February 10, 2024 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Maharashtra, India. Maharashtra, India. BSE Code: 512573 NSE Code: AVANTIFEED Dear Si
Slide 2: Q3FY24 Earnings Audio Conference Call details
Avanti Feeds Limited Q3FY24 Earnings Audio Conference Call on Wednesday, 14th February 2024 at 4:00 PM IST Avanti Feeds Limited (AFL) will host an Audio Conference Call for investors and analysts to discuss its results and developments in Q3FY24. The call will be addressed by the senior management.
Slide 3: Q3 & 9MFY24 Result Presentation
AVANTI FEEDS LTD Q3 & 9MFY24 Result Presentation
Slide 4: Disclaimer
Disclaimer This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 5: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 6: Result Highlights
RESULT HIGHLIGHTS
Slide 7: Quarterly Consolidated Highlights
Quarterly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 48 24 14% 19% 18% bps bps 1,307 10.4% 833 6.6% 12,532 11,026 706 1,098 6.4% 10.0% Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 5
Slide 8: 9MFY24 Consolidated Highlights
9MFY24 Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 229 161 2% 31% 33% bps bps 4,284 2,812 40,854 6.9% 39,940 10.5% 3,275 2,108 8.2% 5.3% 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 6
Slide 9: Quarterly & 9M Results Snapshot
Quarterly & 9M Results Snapshot Consol Profit & Loss (Rs mn) Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q 9MFY24 9MFY23 Y-o-Y Segment Revenues Shrimp Feed 9,322.8 8,573.9 8.7% 10,331.7 -9.8% 32,903.3 31,839.3 3.34% 1 Q3FY24 revenues grew 14% YoY at Rs Shrimp Processing 3,209.6 2,451.8 30.9% 2,453.2 30.8% 7,950.
Slide 10: Management Commentary
Management Commentary Shrimp Feed In Q3FY24, Shrimp feed revenues grew 9% YoY to Rs 9,323 Mn with a similar increase in sales volume YoY. EBITDA grew at Rs 849 Mn with margins at 9% which was higher by 30bps YoY. Shrimp Processing & Export Shrimp processing operations witnessed a strong growth in vo
Slide 11: Budgetary developments towards Aquaculture Industry
Budgetary developments towards Aquaculture Industry Key Highlights The government aims to double aquaculture exports to nearly Rs 1 lakh crore, generate over 50 lakh employment opportunities, set up five integrated aqua parks, and enhance aquaculture productivity under new schemes announced during t
Slide 12: Processed Shrimp Exports
Processed Shrimp Exports – (USA accounts for a major share of exports in Q3FY24) Q3FY23 Q2FY24 Q3FY24 5% 2% 11% 14% USA USA USA 10% Asia 12% Asia Asia 11% 7% EU EU 7% EU 4% Canada Canada Canada 1% others 70% others 71% others 76% FY21 FY22 FY23 2% 2% 1% 11% 2% 8% 2% 9% USA USA USA 7% 14% Asia Asia A
Slide 13: Segmental Quarterly Highlights
Segmental Quarterly Highlights Shrimp Feed Revenues Processed Shrimp Revenues 15, 000 14% 3,5 00 19% 20% 13,249 17% 3,013 3,210 12,388 13,057 16% 18% 13, 000 13% 12% 2,939 15% 15% 14% 10,384 10% 3,0 00 2,622 2,636 14% 16% 9,605 10,208 10,331 9,323 2,655 13% 11, 000 10% 8,574 14% 12% 2,452 2,454 8,55
Slide 14: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 15: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Production (MT) Shrimp Feed 105,329.0 133,368.0 167,285.0 123,464.0 105,764.0 105,108.0 163,610.0 128,367.0 115,018.0 Shrimp Processing 2,825.0 2,957.0 3,949.0 2,851.0 2,550.0 2,609.0 3,285.0 3,643.0 3,
Slide 16: Operational Highlights – Annually & Nine Months
Operational Highlights – Annually & Nine Months FY18 FY19 FY20 FY21 FY22 FY23 9MFY23 9MFY24 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 396,513 406,995 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 9,350 10,326 Sales (MT) Shrimp Feed 430,314 421,691 484,6
Slide 17: The Path Forward
THE PATH FORWARD
Slide 18: Company Highlights – 9MFY24
Company Highlights – 9MFY24 Shrimp Feed Shrimp Feed sales during the 9MFY24 were flat at 4,06,995 MT as compared to 396,513 MT in 9MFY23 an increase of 2%YoY The company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MT. The total
Slide 19: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 20: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Income from Operations 10,689.2 13,322.4 15,693.0 13,221.0 11,025.8 10,930.0 15,536.6 12,784.9 12,532.3 Other Income 185.9 162.3 123.2 264.9 291.7 240.5 325.8 335.2
Slide 21: Profit & Loss Statement – Annually & Nine-Months
Profit & Loss Statement – Annually & Nine-Months Consolidated Profit & Loss (INR mn) FY19 FY20 FY21 FY22 FY23 9MFY23 9MFY24 Income from Operations 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 39,939.8 40,853.8 Other Income 538.3 702.3 925.8 816.7 920.2 679.7 998.2 Total Income 35,416.1 41,855.3 41,9
Slide 22: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY19 FY20 FY21 FY22 FY23 Share capital 136 136 136 136 136 Reserves and Surplus 13,437 15,811 19,759 21,338 23,632 Non-current liabilities 376 218 193 178 347 Current liabilities 2,199 2,634 2,734 3,510 3,231 Total Equity and Liabilities
Slide 23: Annexure
B | ANNEXURE
Slide 24: Stock Information
Stock Information • Market cap (INR) – ~74 bn (As on 9th Feb 2024) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th Dec 2023) • NSE code: AVANTIFEED Shareholding Pattern as on 30th Dec, 2023 Relative stock price vs BSE Sensex As on 8th Feb, 2024 15.1% 160.0 131 140.0 120.0 12.7% 43.3% 10
Slide 25: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India