Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q4 FY24 Earnings Presentation
24 slides from Godrej Agrovet's earnings presentation, May 8, 2024
Slide 1: Presentation to Investors & Analysts cover letter
Date: May 8, 2024 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts Dear
Slide 2: Godrej Agrovet Limited Q4 & FY24 Performance Update
GODREJ AGROVET LIMITED Q4 & FY24 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: ESG Update
ESG UPDATE 3 I Godrej Agrovet
Slide 5: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT “A-” 20x Leadership band in Water conservation Climate disclosure ✓ A water positive company; 37 million m3 water sequestered # ✓ GAVL score “B” management level in Forest (Palm oil) & water disclosure ✓ 5,941 Ha of area covered, and 4.7 la
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Committed to the global Science Council for Sustainable ▪ Signatories to the global EP100 Based Targets initiative (SBTi) to Development framework created by the Climate reduce our emissions in line with ▪ Signatories to th
Slide 7: Strong commitment to CSR
STRONG COMMITMENT TO CSR Value Chain & Grameen Vikas: Brighter Farming ✓ 603 farmers were trained on Bee Hotels management to improve red gram yield ✓ 1,973 Soy farmers trained on Agri best practices ✓ 197 SHGs women trained on digital and financial literacy ✓ 22,435 animals covered in vet camps wit
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS 7 I Godrej Agrovet
Slide 9: Key Highlights – FY24
KEY HIGHLIGHTS – FY24 EBITDA* Growth +34% PAT* Growth +54% Crop Protection Business +37% Topline growth Dairy – Excellent Turnaround In-licensed volume +40% EBIT Margin 31% EBITDA ₹ 67 Cr + ₹ 78 Cr VAP Salience 36% Godrej Tyson +2.1x EBITDA growth Animal Feed – Sustained volume growth Cattle feed (M
Slide 10: Q4 FY24 Consolidated Financials – Key Highlights
Q4 FY24 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional As Reported Financial Highlights items * (Rs. Crore unless Stated) Q4 FY24 Q4 FY23 % y-o-y Q4 FY24 Q4 FY23 % y-o-y Revenues 2,134 2,095 1.9% 2,134 2,095 1.9% Earnings before interest, tax and Depreciation (EBITD
Slide 11: FY24 Consolidated Financials – Key Highlights
FY24 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional As Reported Financial Highlights items * (Rs. Crore unless Stated) FY24 FY23 % y-o-y FY24 FY23 % y-o-y Revenues 9,561 9,374 2.0% 9,561 9,374 2.0% Earnings before interest, tax and Depreciation (EBITDA) 743 630 17.8
Slide 12: FY24 Segment-wise Revenue and PBIT
FY24 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – FY24 Segment results (2) – FY24 Others, -2.1% Poultry & processed Others, 1.0% Poultry & processed food, 9.7% food, 6.8% Dairy, 4.5% Animal Feed, Animal Feed, Dairy, 15.5% 49.5% 33.8% Crop Protection, 31.7% Crop Protection, 12.2% Vegetable Oi
Slide 13: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 12 I Godrej Agrovet
Slide 14: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth Sales Volume (tons) 3,62,116 3,63,914 -0.5% 14,99,515 14,57,543 2.9% Segment Revenue (Cr) 1,190 1,218 -2.3% 5,008 4,957 1.0% Segment Result (
Slide 15: Vegetable Oil
VEGETABLE OIL Largest domestic producer of Crude Palm oil (CPO) and Palm Kernel Oil(PKO) Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth CPO Realisations (₹ per MT) 81,647 85,427 -4.4% 78,670 98,821 -20.4% PKO Realisations (₹ per MT) 1,12,314 1,11,647 0.6% 1,02,480 1,41,661 -27.7% Segment Revenu
Slide 16: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth Segment Revenue (Cr) 119 128 -6.9% 815 596 36.8% Segment Result (Cr) 41 14 195.7% 254 74 242.3% Segment Margin (%) 34.3% 10.8% 31.2% 12.5% • Standalone Crop Prote
Slide 17: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth Revenues (Cr) 154 127 21.1% 458 628 -27.1% EBITDA (Cr) 15 8 85.0% 0 89 NM EBITDA Margin (%) 9.6% 6.3% -0.1% 14.2% • Higher salience of contract manufacturing (CMO) and
Slide 18: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth Revenues (Cr) 392 399 -1.7% 1,573 1,501 4.8% EBITDA (Cr) 30 0.3 NM 67 -11 NM EBITDA Margin (%) 7.6% 0.1% 4.3% -0.8% • Dairy business has achieved a struct
Slide 19: Godrej Tyson Foods and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q4 FY24 Q4 FY23 Growth FY24 FY23 Growth Revenues (Cr) 216 246 -12.1% 986 1003 -1.7% EBITDA* (Cr) 17 1 NM 71 34 108.2% EBITDA Margin (%) 7.9% 0.5% 7.2% 3.4% • GTFL’s profitability improved significantly in Q4FY24 driven by higher live bird prices and an increase
Slide 20: Annexures
ANNEXURES 19 I Godrej Agrovet
Slide 21: Non-recurring & exceptional items
NON-RECURRING & EXCEPTIONAL ITEMS EBITDA PBT PAT Consolidated (Rs. Crore) Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 REPORTED 158 87 77 13 66 23 (Profit) / loss on sale of land (net of expenses) (0) - Long-term incentives provision 6 (8) 6 (8) 4 (6) Differential VAT / GST Liability 0 (3) 0 (3)
Slide 22: Shareholding pattern as of March 31, 2024
SHAREHOLDING PATTERN AS OF MARCH 31, 2024 FII Major Investors 9.4% DII 6.5% ➢ Temasek ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 10.1% ➢ DSP ➢ Axis Mutual Fund ➢ WisdomTree ➢ Government Pension Fund Global ➢ ICICI Prudential Mutual Fund Promoters 74.1% 21 I Godrej Agrovet
Slide 23: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Amit S. Pendse Email: s.varadaraj@godrejagrovet.com Email: amit.pendse@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 22 I Godrej Agrovet
Slide 24: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 23 I Godrej Agrovet