Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q2 FY25 Earnings Presentation
24 slides from Heritage Foods's earnings presentation, Oct 24, 2024
Slide 1: Stock exchange cover letter for Investor Presentation
Ref: SECT: STOC: 91-24 October 24, 2024 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 FY25
Earnings Presentation Q1-FY25 E A R N I N G S P R E S E N TAT I O N Q2/H1 – FY25
Slide 3: Snapshot
2 Snapshot Strong Distribution Network +1.5 Mn Rich Legacy of Wide Presence with Omni Channel Households Served 32 Years Across 12 States Presence Daily 18 State-of-the-art 2.78 MLPD A+ (LT), A1 (ST) 3,200+ Milk Processing Milk Processing Credit Rating employees on rolls Plants Capacity CRISIL 3,00,
Slide 4: Company Overview
3 Company Overview • Founded in 1992, with the objective to serve the farming community, Heritage Foods is India’s one of the leading integrated Consolidated Revenue (INR MN) dairy companies. 37,939 • Over the span of 3 decades, Heritage Foods has not only stayed true to its values and mission but a
Slide 5: Product Portfolio
4 Product Portfolio (JOINT VENTURE)
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk and Milk Products Sales - 17 States Milk Procurement - 9 States Rai Telangana Maharashtra Kalluru Narket pally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru Bayyavaram B.Kothakota Vadamadurai Gokul Bobbili
Slide 7: Growth Strategy
6 Growth Strategy Create Value for Stakeholders Increase Milk Procurement Empowering farmers Increase the share of Value Added Products Expand product manufacturing capabilities Penetrate New Geographies Aspire to be Nationally recognized brand Expand the Product Portfolio
Slide 8: Financial Overview
Earnings Presentation Q1-FY25 Q2/H1-FY25 F I N A N C I A L OV E RV I E W
Slide 9: Financial & Operational Highlights
8 Financial & Operational Highlights Q2-FY25 FINANCIAL HIGHLIGHTS- CONSOLIDATED Q2-FY25 OPERATIONAL HIGHLIGHTS - STANDALONE • Average milk procurement for Q2-FY25 was at 1.64 million litres per day (MLPD), INR 10,195 Mn INR 832 Mn 8.16% registering a growth of 11.46% YoY Revenue from Operations EBIT
Slide 10: Quarterly Performance
9 Quarterly Performance Quarterly Revenues (INR MN) & Y-O-Y Growth (%) PBT (INR MN) & PBT Margins (%) 10,327 10,195 778 675 9,786 548 9,506 9,411 307 361 7.5% 5.8% 6.6% 19.9% 19.7% 3.8% 16.3% 4.2% 3.1% 11.8% Q2-FY24 Q3-FY24 Q4-FY24 Q1-FY25 Q2-FY25 Q2-FY24 Q3-FY24 Q4-FY24 Q1-FY25 Q2-FY25 Milk And Vap
Slide 11: Quarterly Revenue
10 Quarterly Revenue Milk Revenue (INR IN MN) Value Added Products (INR IN MN) 5,984 5,711 5,621 3,822 2,977 2,579 Q2-FY24 Q1-FY25 Q2-FY25 Q2-FY24 Q1-FY25 Q2-FY25 Fat Products (INR IN MN) Ice-cream Revenue (INR IN MN) 1,086 792 312 468 162 156 Q2-FY24 Q1-FY25 Q2-FY25 Q2-FY24 Q1-FY25 Q2-FY25
Slide 12: Half-Yearly Revenue
11 Half-Yearly Revenue Milk Revenue (INR IN MN) Value Added Products (INR IN MN) 11,605 11,080 6,799 5,800 H1-FY24 H1-FY25 H1-FY24 H1-FY25 Fat Products (INR IN MN) Ice-cream Revenue (INR IN MN) 1,399 1,260 416 473 H1-FY24 H1-FY25 H1-FY24 H1-FY25
Slide 13: Heritage Nutrivet (Wholly-owned Subsidiary)
12 Heritage Nutrivet (Wholly-owned Subsidiary) Heritage Nutrivet Ltd. (HNL) manufactures livestock feed and supplements to enhance the health, REVENUE (INR IN MN) immunity, milk production, and reproductive capabilities of dairy animals. With advanced 855 manufacturing facilities in Hindupur and Mal
Slide 14: Q2 Key Marketing Campaigns
13 Q2 Key Marketing Campaigns New 360 degree Paneer Campaign “Change your Daily meal” targeting in-home consumption - Aug-Sep-Oct’24 TV Campaign with 2700 GRP’s Large scale Sampling in MT Retail Visibility - 2000 Dealer Boards Large scale Sampling in MT TV Campaign with 2700 GRP’s First time Integra
Slide 15: Q2 Key Marketing Campaigns
14 Q2 Key Marketing Campaigns Celebrating Festivals in a traditional way with Consumer Offers on Ghee and Doodhpeda Ghee Consumer Offer Scan and Win offer for Festive Scan and Win for Doodhpeda Free Rakhi with Doodhpeda Building connect with the consumers though festival participation Ganpati Festiv
Slide 16: Quarterly Consolidated Financial Performance
15 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q2-FY25 Q1-FY25 Q-o-Q Q2-FY24 Y-o-Y Operating Income 10,195 10,327 (1.3)% 9,786 4.2% Expenses 9,363 9,389 (0.3)% 9,315 0.5% EBITDA 832 938 (11.3)% 471 76.6% EBITDA Margins (%) 8.16% 9.08% (92) Bps 4.81% 335 Bps Depreciation 173 166
Slide 17: Half-Yearly Consolidated Financial Performance
16 Half-Yearly Consolidated Financial Performance Particulars (INR Mn) H1-FY25 H1-FY24 Y-o-Y Operating Income 20,522 19,022 7.9% Expenses 18,752 18,149 3.3% EBITDA 1,770 873 103.2% EBITDA Margins (%) 8.63% 4.59% 404 Bps Depreciation 340 296 14.9% Finance Cost 73 46 58.7% Other Income 130 44 195.5% S
Slide 18: Historical Financial Overview
Earnings Presentation Q1-FY25 HI STORI CAL F I N A N C I A L OV E RV I E W
Slide 19: Historical Consolidated Income Statement
18 Historical Consolidated Income Statement Particulars (INR Mn) FY22 FY23 FY24 H1-FY25 Operating Income 26,813 32,407 37,939 20,522 Expenses 24,905 31,024 35,844 18,752 EBIDTA 1,908 1,383 2,095 1,770 EBIDTA Margins (%) 7.12% 4.27% 5.52% 8.63% Depreciation 522 562 608 340 Finance Cost 40 39 91 73 Ot
Slide 20: Historical Consolidated Balance Sheet
19 Historical Consolidated Balance Sheet Particulars (INR Mn) FY23 FY24 H1-FY25 Particulars (INR Mn) FY23 FY24 H1-FY25 Equity And Liability Assets Equity Share Capital 464 464 464 Non-Current Assets Reserve and Surplus 6,795 7,618 8,451 Property, Plant and Equipment 6,133 6,968 7,118 Capital WIP 199
Slide 21: Historical Consolidated Financial Performance
20 Historical Consolidated Financial Performance Revenue (INR MN) & Gross Margins (%) EBITDA (INR MN) & Margins (%) PAT (INR MN) & Margins (%) 37,939 1,483 2,669 32,407 26,813 2,095 1,071 24,731 1,908 1,770 1,065 20,522 6.00% 961 5.22% 1,383 8.63% 2.81% 25.70% 25.12% 3.58% 22.30% 580 19.28% 10.79% 2
Slide 22: Capital Market Data
21 Capital Market Data Share Price Movement up to 30th September 2024 180.00% 130.00% 80.00% 30.00% -20.00% Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Heritage Sensex Price Data (30th September, 2024) Shareholding Pattern as on (30th September, 2024) Face Val
Slide 23: Disclaimer
22 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 24: Thank You
Earnings Presentation Q1-FY25 T H A N K YO U