Foods & Inns Ltd. · NSE:FOODSIN
Foods & Inns — Q1 FY2025 Earnings Presentation
30 slides from Foods & Inns's earnings presentation, August 2024
Slide 1: Investor Presentation – August'24
Investor Presentation – August’24
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Foods & Inns (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, and s
Slide 3: Table Of Content
Table Of Content 01 Performance Highlights 02 Business Verticals 03 Company Overview Foods & Inns | Q1FY25 Presentation 3
Slide 4: Performance Highlights
Performance Highlights
Slide 5: FY24 Snapshot
FY24 Snapshot Sales Tonnage Total Income* EBITDA & Margin PAT & Margin 3 Years CAGR - 29% 3 Years CAGR - 39% 3 Years CAGR - 58% 3 Years CAGR - 110% 103,467 99,453 12.4% 4.8% 78,379 10.1% 8.5% 8.9% 3.6% 46,220 75% 73% 2.4% 69% 1002 1027 127 102 1.0% 48 56% 629 381 57 25% 27% 32 15 37 44% 31% 4 FY21 F
Slide 6: Q1FY25 Overview (1/2)
Q1FY25 Overview (1/2) Sales Tonnage Total Income EBITDA & Margin PAT & Margin 27,154 MT Rs 251 Cr Rs 30 Cr Rs 7 Cr, Margin maintained at 12% (27,148 MT in Q1FY24) (Rs. 291 Cr in Q1FY24) Margin at 3% (Rs 34 Cr in Q1FY24) Q1FY25 saw faster call-offs till mid of June and the last 15 days of June saw lo
Slide 7: Q1FY25 Overview (2/2)
Q1FY25 Overview (2/2) ❖ Spray Dried Powders • Expanded product offerings in Spray-Dried powders based on demand from customers. ❖ Frozen Food • We continue to witness growth in frozen vegetables and snacks category in the export markets with expansion of product categories and geographies. B2C brand
Slide 8: Marketing Initiatives & Exhibitions
Marketing Initiatives & Exhibitions Activity at BPCL Amol Auto HM Super Market Aarti Super Market,Nashik Shedung Panvel Best Basket Near City Centre Mall Town bazar, Taloja NIBM Dorabjee Super Grahak Bazaar, Nashik Foods & Inns | Q1FY25 Presentation 8
Slide 9: Q1FY25 Profit & Loss
Q1FY25 Profit & Loss Consolidated (Rs Cr) Q1FY25 Q1FY24 YoY Q4FY24 QoQ Revenue from Operations 247 288 345* Other Income 4 2 3 Total Income 251 291 -14% 348 -28% Raw Material Costs 154 200 254 Gross Margin (%) 39% 31% 27% Employee Expenses 13 11 14 Other Operating Expenses 54 46 40 EBITDA 30 34 -11%
Slide 10: Annual Profit & Loss
Annual Profit & Loss Consolidated (Rs Cr) FY21 FY22 FY23 FY24 3 YR CAGR (%) Revenue from Operations 371 632 996 1,020 Other Income 11 6 6 7 Total Income 381 639 1,002 1,027 39% Raw Material Costs 227 481 791 757 Changes in inventories 16 -69 -90 -46 Purchases of Stock-in-Trade 1 0 0 0 Employee Expen
Slide 11: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Assets (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Total Equity 182 197 312 399 Non-Current Assets 160 211 256 308 Share Capital 5 5 5 6 Plant, Property & 113 111 156 232 Equipment Other Equity 177 192 307 393 Right of use of Assets 0
Slide 12: Key Focus Area For Growth
Key Focus Area For Growth Core Business Restructured Market Expansion Sustainability of Pulping Brand Portfolio • Continued focus on • Focus on growing brand • Continuously adding • The Pectin Project: capitalizing on the sales in each of the newer geographies, newer Invested and set up a JV growing
Slide 13: Foods & Inns Positioning in its Business Segment (1/2)
Foods & Inns Positioning in its Business Segment (1/2) Global Industry India’s Share in F&I’s Share in F&I’s Sales Tailwinds Size Global Industry Global Industry in FY23 5,08,000 MT Mango Pulping 79-80% ~15% ~Rs 800 Cr Growing consistently (Rs 5,250 Cr) 46,19,141 MT Significant headroom for growth i
Slide 14: Foods & Inns Positioning in its Business Segment (2/2)
Foods & Inns Positioning in its Business Segment (2/2) • Growth opportunity for India due to the energy crisis led production disruption in Europe which has ~25% share globally. Spray Drying • F&I has doubled its capacity in Mar-23 to 1,100 MT; It is a High Margin and High RoCE business making it a
Slide 15: Business Verticals
Business Verticals
Slide 16: Fruits And Vegetable Pulping
Fruits And Vegetable Pulping Mango Pulp: Well established business which involves processing a wide variety of mangoes like Alphonso, Kesar, Totapuri, etc. Other Pulp: To improve our asset utilization and absorb fixed overheads during the mango off-season, we expanded into other fruits and vegetable
Slide 17: Spray Drying
Spray Drying ▪ Food Preservation Technique: Converts fruits & vegetables from Liquid form to high-quality Powder form, having low moisture content. And yield a dried powder like powdered milk, cheese, soups, etc. ▪ Advantage: Enhances shelf-life to ~24 months and allows otherwise perishable foods to
Slide 18: Frozen Food
Frozen Food ▪ Our Offerings: Wide range of premium frozen fruits, vegetables, snacks, and flatbreads made with high-quality, contract-grown ingredients that are frozen using advanced IQF technology. We cater to global brands and large-format modern retail through the private label mode. ▪ Advantage:
Slide 19: Spices & Masala
Spices & Masala ▪ Kusum Spices: In FY19, we acquired Kusum Spices to gain a foothold in India’s large and growing Spices Market. The Company has a legacy of over 50 years of selling Indian Spices in domestic and export of USFDA approved products to 12 countries including the US, UK, Oman, and UAE ▪
Slide 20: Emerging Verticals For FNI
Emerging Verticals For FNI B2C: Via Restructured Brands ▪ Consolidated our strategy and will market our consumer division products under the brand Greentop, Kusum, and Madhu to house an interesting range of products in the vertical of frozen food, plant-based high-protein foods, fruit and vegetable
Slide 21: Company Overview
Company Overview
Slide 22: Our Growth Story
Our Growth Story 1980 2000 2019 2023 First company to Acquisition of branded Commissioned new Tetra Recart Acquisition of fruit introduce mono block spice company Kusum facility at Gujarat. canning line in Valsad, PLC and multi-tube Masala, foray into B2C Doubled Spray Drying facility in Gujarat fro
Slide 23: 7 State-of-the-Art Self Owned Facilities
7 State-of-the-Art Self Owned Facilities State District/City Product Line Aseptic Gonde, Nashik* Spray Drying Spices Maharashtra (2 owned + 1 leased) Sinnar, Nashik Frozen Foods Aseptic Ahmednagar (leased) Concentrate Aseptic Valsad Canning Gujarat (2 owned units) Aseptic Vankal Tetra Recart Frozen
Slide 24: Product-wise Capacity Details
Product-wise Capacity Details State Location Product Line Capacity (MT/Hr) Aseptic 13 Spray Drying 0.25 Spice Plant: Nashik – Gonde* Blending 1.50 Grinding 1.00 ETO 0.50 Maharashtra Nashik - Sinnar Frozen Vegetables 0.7 Frozen Snacks 0.5 Frozen Breads 0.25 Frozen Puree 2 Ahmednagar (Leased plant*) A
Slide 25: Quality Control Certifications And Processes Act As Entry Barriers
Quality Control Certifications And Processes Act As Entry Barriers Foods & Inns | Q1FY25 Presentation 25
Slide 26: Marquee Customers and Well-Diversified Market Presence
Marquee Customers and Well-Diversified Market Presence Market-Wise Revenue share in FY24 0.5% 0.4% 0.2% 1.2% 1.7% 5.6% 6.8% US 5.6% Canada UK Europe 10.5% Middle East India 3.5% China Rest of Asia New Zeland Russia 64.1% Australia Foods & Inns | Q1FY25 Presentation 26
Slide 27: Experience Management With Oversight By Strong Board
Experience Management With Oversight By Strong Board Mr. Bhupendra Dalal Chairman Non-Executive, Non-Independent Director Holds a degree of B.Com & L.L.B. worked towards acquisition of fruit canning plan at Valsad built by Coca-Cola Corporation. F&I changed its course to become a major force in frui
Slide 28: Sustainability Agricultural Initiative
Sustainability Agricultural Initiative Sustainable agriculture entails environmental protection, responsible farm management and human and workplace rights. We have run programs with the IDH (Sustainable Trade Initiative) of the Netherlands to help smallholder mango farmers produce more sustainably
Slide 29: Share Price Information
Share Price Information 250 7,000 225 6,000 200 Volumes in ‘000s 175 5,000 Price in Rs 150 4,000 125 100 3,000 75 2,000 50 1,000 25 0 0 Aug-23 Sep-23 Sep-23 Oct-23 Nov-23 Nov-23 Dec-23 Jan-24 Jan-24 Feb-24 Mar-24 Apr-24 Apr-24 May-24 Jun-24 Jun-24 Jul-24 Aug-24 Volume (# Shares) Share Price (INR) Ca
Slide 30: Let's Connect
Let’s Connect Mr Anand Krishnan Chief Financial Officer Foods & Inns Ltd. Phone: +91 22 22613102 anand@foodsandinns.com Pooja Sharma / Suyash Samant Stellar IR Advisors Pvt. Ltd. Phone: +91 22 62398024 pooja.sharma@stellar-ir.com suyash@stellar-ir.com Foods & Inns | Q1FY25 Presentation 30