Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q4 FY2022 Earnings Presentation
20 slides from Apex Frozen Foods's earnings presentation, May 2022
Slide 1: Apex Frozen Foods Result Presentation Q4/FY22
Apex Frozen Foods Result Presentation Q4/FY22
Slide 2: Safe Harbour
2 Safe Harbour 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 3: Key Business Updates – Q4/FY22
Key Business Updates – Q4/FY22
Slide 4: Key Business Updates – Q4/FY22
4 Key Business Updates – Q4/FY22 4Demand for Shrimp remains robust with firm pricing. The transport situation is easing out gradually. Operational Updates: Financial Updates: • Overall capacity utilization remained flat YoY at ~41% in • Net Revenue grew by 14% Y-o-Y in Q4FY22 and 12% Y- FY22 as the
Slide 5: Key Operational Highlights
5 Key Operational Highlights 5 Geographical Sales Mix 01 Total Shrimp Sales (MT) 02 China 2% 2,656 Q4 FY22 Europe 2,430 17% USA 81% Q4 FY21 Q4 FY22 Geographical Sales Mix 04 Total Shrimp Sales (MT) 03 China 2% 12,067 FY22 Europe 18% 11,702 USA 80% FY21 FY22
Slide 6: Income Statement Highlights
6 Income Statement Highlights 6 Particulars (Rs Mn) Net revenue Q4 FY22 2,068 Q4 FY21 1,819 Y-o-Y % Q3 FY22 2,175 Q-o-Q % FY22 9,142 FY21 8,185 Y-o-Y % Other income 25 22 28 128 75 Total Income 2,093 1,841 13.7 2,203 -5.0 9,270 8,260 12.2 Raw material costs 1,415 1,211 1,488 6,150 5,531 Employee exp
Slide 7: Balance Sheet – March 2022
7 Balance Sheet – March 2022 7 Liabilities (Rs Mn) Mar-21 Mar-22 Assets (Rs Mn) Mar-21 Mar-22 Shareholder’s Funds 4,398 4,754 Non-current assets 2,708 2,619 Share capital 313 313 Net block 2,504 2,360 Reserves & surplus 4,086 4,442 Capital work-in-progress 154 219 Non-current liabilities 281 291 Oth
Slide 8: Company At a Glance
x =z \ ~ Company At a Glance VERY (T a A 2 2 ee IE ee ee ee eee ee’ a. @
Slide 9: One of the Leading Exporters of Processed Shrimp in India
9 One of the Leading Exporters of Processed Shrimp in India 9 Key Export Markets – FY22 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors & exporters in India European Union Diversified customer base of Food Companies, Retail Chains
Slide 10: Hatchery: Stepping-stone for Ensuring Quality Produce
10 Hatchery | Stepping-stone for Ensuring Quality Produce 10 Process: Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Location: North of Vizag Location: Srikakulam Location: Ongole Commenced: Year 2016 Commenced: Year 2019 Commenced: Year 2019 Combined breeding
Slide 11: Processing: Well Placed to Cater Demand with New Capacity
11 Processing | Well Placed to Cater Demand with New Capacity… 11 Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing 35000 100% 95% 87% 90% 30000 80% Kakinada Plant: 29240 29240 29240 25000 70% Capacity: 9,240 MTPA 20000 60% Cold Storage: 1,000 MT 47% 50% 15000
Slide 12: Moving up the Value Chain with Ready-to-Eat Product Offerings
12 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 12 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 13: Key Factors to Consider for the Sector
13 Key Factors to Consider for the Sector 13 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 14: Annexures
> 4 } ‘¥ ‘ Any £ ‘ M ' . « a if U 3 : oy x ar m - << Pan z 1 oe Annexures VERY (Tr - | _— a. @
Slide 15: Operational Highlights – Yearly Trend
15 Operational Highlights – Yearly Trend Leased 15 Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 Owned 14,146 13,051 12,243 12,067 11,702 29,240 29,240 29,240 6,000 6,000 9,240 9,240 FY18 FY19 FY20* FY21 FY22 FY18 FY19 FY20 FY21 FY22 Working Capital (Days) 04 Total Debt to Equity (times) 03 126
Slide 16: Income Statement – Yearly Trend
16 Income Statement – Yearly Trend 16 Profit & Loss (Rs Mn) Net revenue FY18 9,986 FY19 8,747 FY20 8,271 FY21 8,185 FY22 8,185 Other income 199 215 190 75 75 Total income 10,185 8,962 8,461 8,260 8,260 Raw material costs 7,031 5,810 5,735 5,531 5,531 Employee expenses 389 482 437 398 398 Other expen
Slide 17: Balance Sheet – Yearly Trend
17 Balance Sheet – Yearly Trend 17 Liabilities (Rs Mn) Mar-20 Mar-21 Mar-22 Assets (Rs Mn) Mar-20 Mar-21 Mar-22 Shareholder’s Funds 3,959 4,398 4,754 Non-current assets 2,913 2,708 2,619 Share capital 313 313 313 Net block 2,802 2,504 2,360 Reserves & surplus 3,646 4,086 4,442 Capital work-in-progre
Slide 18: India’s Seafood Exports Driven by Surging Shrimp Exports
18 India’s Seafood Exports Driven by Surging Shrimp Exports India Exports in 000’s MTPA 18 Frozen Shrimp Other Seafood Total Seafood 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 19: Share Capital Information
19 Share Capital Information 1-yr Share Price Movement (Rs/share) 500 19 400 300 200 100 0 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Other data (as on 24-May-22) Shareholding Pattern (as on Mar-22) NSE / BSE code APEX / 540692 CMP (Rs/share) 26
Slide 20: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Amritha Poojari pooja.sharma@stellar-ir.com / amritha@stellar-ir.com