Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q2 FY23 Earnings Presentation
22 slides from Heritage Foods's earnings presentation, Oct 19, 2022
Slide 1: Exchange filing cover letter
Ref: SECT: STOC: 86-22 19th October, 2022 To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code
Slide 2: Earnings Presentation Q2 / H1-FY23
Earnings Presentation Q2 / H1-FY23
Slide 3: Snapshot
2 Snapshot Fully Integrated Dairy Business Rich Legacy of 30 Years Highly Qualified and Experienced Leadership Wide Presence Across 11 States Team and Independent Board Strong Distribution Network with Strong Corporate Governance Standards Omni Channel Presence Net Debt Free +1.5 Mn Households Serve
Slide 4: Company Overview
3 Company Overview • Founded in 1992 with the objective to serve the farming community in India, Heritage Foods is today India’s one of the leading Dairy companies. Revenue (INR Mn) • Over the span of 3 decades, Heritage Foods has not only stayed true its values and mission but also created a divers
Slide 5: Product Portfolio
4 Product Portfolio Milk (67%) Value Added Products (23%) Animal Nutrition (4%) Fat Products (5%) Heritage Nutrivet – Subsidiary Yogurt - Mamie Yova (0.1%) Ice-creams (1%) Heritage Novandie – Joint Venture * Percentage breakup of Revenue share as on FY22
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk Procurement - 8 States Milk Products Sales - 11 States Milk Sales - 11 States Heritage Distribution Centres - 9 States Rai Telangana Maharashtra Kalluru Narketoally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru
Slide 7: Future Growth Strategy
6 Future Growth Strategy Increase Milk Procurement: By investing Aspire to be Nationally recognized brand: For healthy & prudently in village level milk collection 5 fresh products while focusing on efficient capital infrastructure, bulk coolers, chilling centers. 1 management. Increase the share of
Slide 8: Q2 / H1-FY23 Financial Overview
Financial Overview Q2 / H1-FY23 Financial Overview Heritage Foods Limited 7
Slide 9: Q2 / H1-FY23 Consolidated Financial Highlights
8 Q2 / H1-FY23 Consolidated Financial Highlights Q2-FY23 Performance Operational Highlights • Average milk procurement during Q2-FY23 was at 14.62 lakh litres per day (LLPD), compared to 12.67 LLPD in Q2-FY22; registering a INR 8,162 Mn INR 398 Mn 4.88% growth of 15.39% YoY Operating Income Operatin
Slide 10: Quarterly Segmental Revenue
9 Quarterly Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 5,262 2,839 2,186 4,890 1,696 4,468 Q2-FY22 Q1-FY23 Q2-FY23 Q2-FY22 Q1-FY23 Q2-FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 465 192 301 257 107 70 Q2-FY22 Q1-FY23 Q2-FY23 Q2-FY22 Q1-FY23 Q2-FY23
Slide 11: Half Yearly Segmental Revenue
10 Half Yearly Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 10,152 5,025 3,443 8,521 H1-FY22 H1-FY23 H1-FY22 H1-FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 730 299 723 129 H1-FY22 H1-FY23 H1-FY22 H1-FY23
Slide 12: Q2-FY23 Digital Campaigns
11 Q2-FY23 Digital Campaigns Ecom Reviews: Goodness of Heritage Ghee Campaign: #MyHeritageMyPride Ghee is a product that has a strong association with festivities that are around the Ongoing activity till FY23 end. corner and is a key ingredient for sweets and other traditional recipes. The primary
Slide 13: Q2-FY23 Marketing Updates
12 Q2-FY23 Marketing Updates IDF Exhibition in Greater Noida Gluco Shakti Orange Launch in Hyderabad New Milk packets launch in Chennai - POSM Life Size Modak made of Heritage Vanilla Milk Packs Festival Arch Gate’s Deployment in Hyderabad Best chef contest among Societies
Slide 14: Quarterly Consolidated Financial Performance
13 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY23 Q1-FY23 Q-o-Q Q2-FY22 Y-o-Y Operating Income 8,162 8,209 (0.6)% 6,703 21.8% Expenses 7,764 7,969 (2.6)% 6,053 28.3% EBIDTA 398 240 65.8% 650 (38.8)% EBIDTA Margins (%) 4.88% 2.92% 196 Bps 9.70% (482) Bps Depreciation 138 13
Slide 15: Half Yearly Consolidated Financial Performance
14 Half Yearly Consolidated Financial Performance Particulars (INR Mn) H1-FY23 H1-FY22 Y-o-Y Operating Income 16,371 13,184 24.2% Expenses 15,733 12,000 31.1% EBIDTA 638 1,184 (46.1)% EBIDTA Margins (%) 3.90% 8.98% (508) Bps Depreciation 273 258 5.8% Finance Cost 10 23 (56.5)% Other Income 55 57 (3.
Slide 16: Historical Financial Overview
Financial Overview Historical Financial Overview Heritage Foods Limited 15
Slide 17: Historical Consolidated Income Statement
16 Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 FY22 H1-FY23 Operating Income 25,148 27,259 24,731 26,813 16,371 Expenses 23,298 25,974 22,062 24,906 15,733 EBIDTA 1,850 1,284 2,669 1,907 638 EBIDTA Margins (%) 7.36% 4.71% 10.79% 7.11% 3.90% Depreciation 446 501 462 5
Slide 18: Historical Consolidated Balance Sheet
17 Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 Equity And Liability Assets Equity Share Capital 232 232 232 Non-Current Assets Property, Plant and Equipment 5,714 5,705 5,670 Reserve and Surplus 5,726 6,344 6,491 Capital WIP 157
Slide 19: Historical Consolidated Financial Performance
18 Historical Consolidated Financial Performance Revenue (INR Mn) & Gross Margins (%) EBITDA (INR Mn) & Margins (%) PAT (INR Mn) & Margins (%) 27,259 26,813 3000 2,669 2000 25,148 24,731 1,483 2500 1500 1,907 826 961 2000 1,850 1000 6.00% 16,371 263 1,284 500 3.28% 3.58% 1.61% 1500 0 21.5% 25.7% 22.
Slide 20: Capital Market Data
19 Capital Market Data 1 Year Stock Performance up to 30th September, 2022 Market Data as on 30th September, 2022 20% Shareholder % Shareholding 10% 0% Face Value 5.0 -10% CMP 335.80 -20% -30% 52 Week H/L 565 / 250.3 -40% -50% Market Capitalization (Mn) 15,580.4 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Ma
Slide 21: Disclaimer
20 Disclaimer Heritage Foods Limited: The information contained in this presentation is provided by Heritage Foods (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation
Slide 22: Thank You
21 Thank You. Thank You