Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — FY2021 Earnings Presentation
31 slides from Heritage Foods's earnings presentation, May 21, 2021
Slide 1: Exchange filing cover letter
Ref: SECT: STOC: 43-21 May 21, 2021 Tu 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, Sandra (East), Mumbai - 400 051 Scrip Code: 5195
Slide 2: Investor Presentation
INVESTOR PRESENTATION May 2021 HERITAGE FOODS LIMITED Nurture. Nourish. Flourish
Slide 3: Discussion Summary
Discussion Summary Company Snapshot The Heritage Advantage Financial Highlights Annexures HERITAGE FOODS LIMITED
Slide 4: Company Snapshot
7a erage MEALTH AND HAPPINESS
Slide 5: Heritage Foods Ltd.
Heritage Foods Ltd. Amongst the leading private players in the Dairy Industry Overview 29 years of legacy and domain expertise in dair y industr y backed with strong product portfolio and brands ser ving +1.5 million households in 11 states. Product portfolio includes Curd, Ice Cream, Frozen Des
Slide 6: Nurture. Nourish. Flourish
Nurture. Nourish. Flourish Decoding our growth mantra Nurture Nourish Flourish Empowering Direct procurement of milk from Assist and equip farmers to improve Increase farmers income, enhance the farmers milch animals' yield farmers social-economic lives Farmers Tech-Enabled Expand milk processing ca
Slide 7: Technology enabled 'Grass to Glass' Approach
Technology enabled ‘Grass to Glass’ Approach ‘Tech’ it to the next level Milk Procurement Consumer Delight Digitally automated procurement systems sends Satiate tastebuds & bring delight to +1.5 mail alerts to the Procurement & Inputs team million households by supplying pure and about quality &
Slide 8: Presence across the value chain
Presence across the value chain Concentrated focus at every stage Cattle Feed, Procurement Sale of Dairy & Milk Chilling Dairy Nutrition & from milk Value Added Centres Processing Animal Health farmers Products 2.1 MLPD milk chilling 18 state-of-the art 1.0 MLPD milk & 0.3 MLPD/KgPD Through whol
Slide 9: The Heritage Advantage
The Heritage Advantage 02
Slide 10: Increasing Value-Added Products Share
Increasing Value-Added Products Share Delighting Consumers with ‘more the merrier’ Approach Diverse Product Portfolio Value-Added Products Sales (in INR Mn) Milk Fresh Milk, A2 Milk and UHT Milk 7,222 Value Added Curd, Paneer, Cheese, Butter Milk, Flavoured 6,190 5,825 Products Milk, Milk Shakes, Im
Slide 11: Robust Supply Chain Network
Robust Supply Chain Network Seasoned ‘Dairy Products FMCG’ player Heritage Foods Distribution Network Strength Sound Supply Chain Management in place for Heritage Owned Sourcing Milk directly from farmers Retail Trade Network Manufacturing high-quality milk & milk products and value-added produc
Slide 12: Technology Enabled Operations
Technology Enabled Operations Raising the operational efficiency quotient Technology @ work Heritage TUCH App 12,052 Milk Procurement Representatives Consumer-centric Approach Technology Integrated Network 113 Bulk Coolers Deploy state-of-the-art technology 76 Chilling Plants Continuous product/proc
Slide 13: Steady operating cash flows fueled capex plans
Steady operating cash flows fueled capex plans On a sound footing INR in Mn Net Cash Generated from Operating Activities Working Capital Analysis * 16 14 15 15 11 2,279 14 1,480 1,147 1,212 1,167 10 10 9 26 21 4 21 19 13 4 2 4 4 1 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Receivable Days Inv
Slide 14: Capacity Expansion
Capacity Expansion On the path towards a Brighter Future End-to-End Strengths Processing Capacity (MLPD) Particulars FY17 FY21 CAGR % 2.7 2.7 2.7 2.2 Milk Procurement 1.5 1.0 1.3 3.8% (MLPD) Consumer Base 1.2 1.5 4.6% (in millions) FY17 FY18 FY19 FY20 FY21 The Processing Capacity have clocked a CAGR
Slide 15: Heritage Nutrivet: Build on a strong foundation
Heritage Nutrivet: Build on a strong foundation Ready to add meaningful contribution Heritage Nutrivet Ltd. (Wholly Owned Subsidiary Company catering the cattle feed industry) Heritage Nutrivet Ltd. (HNL) is one of India’s leading livestock and feed supplement company. The Company endeavours to prov
Slide 16: Heritage Nutrivet: Build on a strong foundation
Heritage Nutrivet: Build on a strong foundation Ready to add meaningful contribution INR in Mn Revenue from Operations EBITDA & EBITDA Margin PAT & PAT Margin CAGR: 15.9% CAGR: 79.5% CAGR: 145.0% 2.8% 4.6% 11.1% 5.9% 1,215 2.0% 0.2% 1.2% 0.0% 1,039 135 72 674 738 48 13 21 9 2 0 FY18 FY19 FY20 FY21 F
Slide 17: Forging meaningful partnership
Forging meaningful partnership Partnering to fortify the value proposition Heritage Novandie: Salient Features Yogurt & Flavoured Yogurt Drink SKUs • Leveraging Heritage Foods product legacy and reputation 50:50 in Indian markets with French Partners – Andros group’s Partnership global legacy, produ
Slide 18: Heritage Foods: The Road Ahead
Heritage Foods: The Road Ahead Nutrition to Nation 1. Increase Milk Procurement Invest prudently in village level milk 4. Create Value for Stakeholders collection infrastructure, bulk coolers, chilling centres and processing capacity Optimize operations and efficiencies across the value chain and cr
Slide 19: Financial Highlights
Financial Highlights 03 18
Slide 20: Consolidated Q4 & FY21 Results: Key Highlights
Consolidated Q4 & FY21 Results: Key Highlights INR in Mn Q4 FY21 YoY ANALYSIS Revenues & Gross Margin (%) ^EBITDA & EBITDA Margin (%) *Adj. PAT & PAT Margin (%) 23.2% 7.3% 17.8% 4.1% 3.9% 1.1% 6,526 6,194 455 268 244 72 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 Q4 FY20 Q4 FY21 FY21 YoY ANALYSIS Revenues & Gro
Slide 21: Key Performance Highlights
Key Performance Highlights *FINANCIAL UPDATES Q4FY21 Results – Consolidated: Revenue from operations was at INR 6,194 mn as compared to INR 6,526 mn in Q4FY20. EBITDA was at INR 455 mn as compared to INR 268 mn in Q4FY20; registering a growth of 70.0%. EBITDA Margin improved by 325 bps to 7.3% as
Slide 22: Q4 & FY21 Consolidated Profit & Loss Statement
Q4 & FY21 Consolidated Profit & Loss Statement Particulars (INR. in Mn) Q4FY21 Q4FY20 YoY % FY21 FY20 YoY % Revenue from Operations 6,194 6,526 -5.1% 24,731 27,259 -9.3% COGS 4,756 5,363 -11.3% 18,374 22,246 -17.4% Gross Profit 1,438 1,163 23.6% 6,357 5,013 26.8% Gross Margin % 23.2% 17.8% 539 bps 2
Slide 23: Q4 & FY21: Consolidated Balance Sheet
Q4 & FY21: Consolidated Balance Sheet Particulars in INR Mn FY21 FY20 Particulars in INR Mn FY21 FY20 EQUITY AND LIABILITY ASSETS Equity Share Capital 232 232 Non-Current Assets Reserve and Surplus 5,726 4,364 Property, Plant and Equipment 5,714 4,691 Shareholders Fund 5,958 4,596 Capital WIP 157 75
Slide 24: Consolidated Financial Summary
Consolidated Financial Summary INR in Mn. Revenues & Gross Margin (%) EBITDA & EBITDA Margin (%) ^Adj. PAT & PAT Margin (%) 21.1% 19.1% 21.5% 18.4% 25.7% 7.6% 5.5% 7.4% 4.7% 10.8% 8.5% 2.3% 3.3% 1.8% 6.2% 25,148 27,259 24,731 23,734 2,669 18,574 1,614 1,531 1,850 1,411 1,300 1,285 831 543 477 FY17*
Slide 25: Shareholding Structure
Shareholding Structure Prominent Investors -31st March 2021 (% Holding) Market Data as on 18th May 2021 UTI - Long Term Equity Fund 5.45 Market capitalization (INR. Mn) 16,622.1 Sundaram Mutual Fund 4.91 Price (INR Mn) 358.3 Doric Asia Pacific Small Cap (Mauritius) Limited 2.22 No of shares outstand
Slide 26: Annexures
Annexures 04
Slide 27: Product Portfolio
Product Portfolio Reason to celebrate for every season Milk Toned Milk Double-Toned Milk Full Cream Milk Standardised Milk A2 Full Cream Milk Cow Milk Slim Milk UHT Milk Value Added Products Curd Butter Milk Flavoured Milk Sweet & Sabja Lassi Milk Shakes Cheese Sweets Cold Coffee Immunity Milk Panee
Slide 28: Product Portfolio
Product Portfolio Reason to celebrate for every season Ice-Creams Cups Cones Bars Kulfi (Anjeer & Malai) Tubs Family Packs Fat Products Cow Ghee Cow Ghee Bufffalo Ghee Hi Aroma Ghee Cooking Butter Table Butter Fresh Cream Creating consumer-delight with diversified product portfolio
Slide 29: Marketing and Consumer Connect Initiatives
Marketing and Consumer Connect Initiatives Empowering the brand Heritage bytes A digital consumer connect initiative featuring regular blogs and videos recipe campaign with celebrity Chef Bhakti Arora creating consumers rejoice with innovative and nutritious recipes curated with milk, curd, paneer a
Slide 30: Awards & Accolades
Awards & Accolades Excellence seldom gets unnoticed FY21: Highlights Won all three Prestigious National Energy Conser vation Awards (NECA - 2020) in Dair y Sector for the year 2020 FY20: Highlights CII Accolades - Food Safety 2018 for Gokul plant Won SYNNAX award for Technology Innovator of th
Slide 31: Thank You!
Thank You! For Further Queries Mr. Umakanta Barik Mr. Hiral Keniya / Vikash Verma Company Secretary & Compliance Officer – Heritage Foods IR Consultants – Dickenson World Email: umakanta@heritagefoods.in Email: heritagefoods@dickensonworld.com Contact No.: 040 23391221 Extn.: 9231 Contact No.: +91 9