Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q1 FY2022 Earnings Presentation
22 slides from Apex Frozen Foods's earnings presentation, Aug 14, 2021
Slide 1: Exchange filing cover letter for investor presentation
A 3-160, Panasapadu, Kakinada 533 005 La Andhra Pradesh . India — AP EX off +91 884 2383902 - 4 (3 lines) fax +91 884 2383905 - 6 FA FROZEN FOODS LTD. kd @apexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 14.08.2021 To To The General Manager, The General Manager, Department of Corporate Services,
Slide 2: Apex Frozen Foods Result Presentation Q1 / FY22
Apex Frozen Foods Result Presentation Q1 / FY22
Slide 3: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Key Business Updates – Q1 / FY22
Key Business Updates – Q1 / FY22
Slide 5: Key Business Updates – Q1/FY22
4 Key Business Updates – Q1/FY22 4 While the domestic ecosystem was better prepared during the second wave of Covid-19, which allowed our operations to remain largely unaffected, the global disruption in sea transport continued to limit the growth in volumes sold Operational Updates Financial Update
Slide 6: Key Operational Highlights
5 Key Operational Highlights Geographical Sales Mix 01 Total Shrimp Sales (MT) 02 5 China 3% 3,196 3,262 2,656 Q1 FY22 Europe 16% USA 81% Q1 FY21 Q4 FY21 Q1 FY22 Geographical Sales Mix 04 Total Shrimp Sales (MT) 03 China 4% 12,243 11,701 FY21 Europe 14% USA 82% FY20 FY21
Slide 7: Income Statement Highlights
6 Income Statement Highlights Particulars (Rs Mn) Q1 FY22 Q1 FY21 Y-o-Y % Q4 FY21 Q-o-Q % FY21 6 Net revenue 2,228 2,183 1,819 8,185 Other income 47 26 22 75 Total Income 2,275 2,209 3.0 1,841 23.6 8,260 Raw material costs 1,550 1,484 1,211 5,531 Employee expenses 119 104 102 398 Other expenses 469
Slide 8: Balance Sheet Highlights
7 Balance Sheet Highlights Liabilities (Rs Mn) Mar-20 Mar-21 Assets (Rs Mn) Mar-20 Mar-21 7 Shareholder’s Funds 3,959 4,398 Non-current assets 2,913 2,708 Share capital 313 313 Net block 2,802 2,504 Reserves & surplus 3,646 4,086 Capital work-in-progress 28 154 Non-current liabilities 243 281 Other
Slide 9: Company At a Glance
a /- x zm iv 2 wi. | 2 74S HAASE Company At a Glance = ME BS 22 ee eee | ee ee * 7 = .) FF] = a
Slide 10: One of the Leading Exporters of Processed Shrimp in India
9 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY21 ▪ 9 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors & exporters in India European Union 14% ▪ Diversified customer base of Food Companies, Retail Ch
Slide 11: Hatchery | Stepping-stone for Ensuring Quality Produce
10 Hatchery | Stepping-stone for Ensuring Quality Produce Processing 10 Hatchery Farming & Exports Process: Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Phase – II (Ongole) Construction completed Awaiting audits Location: North of Vizag Location: Srikakulam
Slide 12: Farming | Critical Cushion for Consistent Supply
11 Farming | Critical Cushion for Consistent Supply Processing 11 Hatchery Farming & Exports Process: Cultivation of shrimp, which are reared in ponds in a bio-secured environment | Typical cycle of 90 - 120 days In-line with its strategic realignment, the Company has discontinued its leased farms a
Slide 13: Processing | Doubling of Capacity and Expanding the Product Line
12 Processing | Doubling of Capacity and Expanding the Product Line… Processing 12 Hatchery Farming & Exports Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 29240 6000 6000 3000
Slide 14: Moving up the Value Chain with Ready-to-Eat Product Offerings
13 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 13 Ready to Eat Cooked Peeled & De-veined Tail-on Cooked in Shell Specialty Product Shrimp Rings Butterfly Shrimp Dusted and Breaded Peeled Product Skewered Shrimp Par-fried Shrimp Peeled, Deveined, Tail-on Seasoned Shrimp Peeled Un
Slide 15: Key Factors to Consider for the Sector
14 Key Factors to Consider for the Sector 14 Demand Slowdown Disease Related Volatile Pricing Being an export-oriented sector, Highly susceptible to outbreak of Global imbalances in demand- any slowdown in consumption in diseases, which can have a supply can impact pricing. key markets like the USA,
Slide 16: Annexures
a /- lan | 2 74S HALES? Annexures = a We 22 ee eee | ee ee * 7 = 7 ‘se
Slide 17: Operational Highlights – Yearly Trend
16 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 Leased 16 Owned 14,146 13,051 12,243 11,702 9,897 29,240 29,240 6,000 6,000 3,000 9,240 9,240 9,240 FY17 FY18 FY19 FY20* FY21 FY17 FY18 FY19 FY20 FY21 Working Capital (Days) 04 Total Debt to Equity (times) 03
Slide 18: Income Statement – Yearly Trend
17 Income Statement – Yearly Trend Profit & Loss (Rs Mn) FY17 FY18 FY19 FY20 FY21 17 Net revenue 6,987 9,986 8,747 8,271 8,185 Other income 106 199 215 190 75 Total income 7,093 10,185 8,962 8,461 8,260 Raw material costs 5,317 7,031 5,810 5,735 5,531 Employee expenses 249 389 482 437 398 Other expe
Slide 19: Balance Sheet – Yearly Trend
18 Balance Sheet – Yearly Trend Liabilities (Rs Mn) Mar-19 Mar-20 Mar-21 Assets (Rs Mn) Mar-19 Mar-20 Mar-21 18 Shareholder’s Funds 3,551 3,959 4,398 Non-current assets 2,456 2,913 2,708 Share capital 313 313 313 Net block 1,147 2,802 2,504 Reserves & surplus 3,238 3,646 4,086 Capital work-in-progre
Slide 20: India's Seafood Exports Driven by Surging Shrimp Exports
19 India’s Seafood Exports Driven by Surging Shrimp Exports India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 19 Shrimp CAGR of 14% vs Total Seafood CAGR of 6% 1,377 1,393 1,290 1,135 1,149 1,051 984 946 928 862 813 678 603 566 614 652 590 358 374 434 229 301 126 131 151 189 FY09
Slide 21: Share Capital Information
20 Share Capital Information 500 1-yr Share Price Movement (Rs/share) 400 20 300 200 100 0 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Other data (as on 13-Aug-21) Shareholding Pattern (as on Jun-21) NSE / BSE code APEX / 540692 CMP (Rs/share) 328.95 In
Slide 22: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Sheetal Keswani pooja.sharma@stellar-ir.com sheetal@stellar-ir.com