Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q2 FY24 Earnings Presentation
24 slides from Avanti Feeds's earnings presentation, Nov 14, 2023
Slide 1: Intimation of schedule of investors conference call
November 14, 2023 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Maharashtra, India. Maharashtra, India. BSE Code: 512573 NSE Code: AVANTIFEED Dear Si
Slide 2: Q2FY24 Earnings Audio Conference Call invitation
Avanti Feeds Limited Q2FY24 Earnings Audio Conference Call on Saturday, 18th November 2023 at 4:00 PM (IST) Avanti Feeds Limited (AFL) will host an Audio Conference Call for investors and analysts to discuss its results and developments in Q2FY24. The call will be addressed by the senior management.
Slide 3: Avanti Feeds Ltd Q2 & H1FY24 Result Presentation
AVANTI FEEDS LTD Q2 & H1FY24 Result Presentation
Slide 4: Disclaimer
Disclaimer This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 5: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 6: Result Highlights
RESULT HIGHLIGHTS
Slide 7: Quarterly Highlights
Quarterly Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 230 140 -3% 26% 23% bps bps 13,221 1,275 827 6.5% 12,785 10.0% 1,014 671 5.1% 7.7% Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 5
Slide 8: Half-Yearly Highlights
Half-Yearly Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 298 214 -2% 37% 41% bps bps 28,914 2,976 7.0% 10.5% 1,979 28,321 2,177 7.5% 4.8% 1,402 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 6
Slide 9: Quarterly Results Snapshot
Quarterly Results Snapshot Consol Profit & Loss (Rs mn) Q2FY24 Q2FY23 Y-o-Y Q1FY24 Q-o-Q H1FY24 H1FY23 Y-o-Y Segment Revenues Shrimp Feed 10,331.7 10,168.1 1.6% 13,248.8 -22.0% 23,580.6 23,265.4 1.4% 1 Q2FY24 Gross profit rose 6% YoY an Shrimp Processing 2,453.2 3,052.9 -19.6% 2,287.8 7.2% 4,740.9 5
Slide 10: Management Commentary
Management Commentary Shrimp Feed Shrimp feed revenues during the quarter was marginally higher by 1% at Rs 10,331 Mn with sales volume up 2.09% YoY. EBITDA margins was higher by 316 Bps YoY at 8.7% due to operational leverage. Shrimp Processing & Export Shrimp processing revenue declined 19% to Rs.
Slide 11: Processed Shrimp Exports – Robust % contribution from USA in Q2FY24
Processed Shrimp Exports – (Robust % contribution from USA in Q2FY24) Q2FY23 Q1FY24 Q2FY24 2% 11% 8% 13% USA USA 6% USA 2% Asia 12% Asia Asia 0% 15% EU EU EU 7% 61% Canada 1% Canada Canada 9% others 70% others others 84% FY21 FY22 FY23 2% 2% 1% 11% 2% 8% 2% 9% USA USA USA 7% 14% Asia Asia Asia 6% EU
Slide 12: Segmental Quarterly Highlights
Segmental Quarterly Highlights Shrimp Feed Revenues Processed Shrimp Revenues 15, 000 14% 3,5 00 19% 20% 13,057 13,249 17% 3,013 12,388 13% 16% 18% 10% 2,939 13, 000 12% 15% 10,384 3,0 00 14% 16% 11% 10,331 13% 13% 10,208 9% 2,655 11, 000 10% 9,605 12% 2,622 14% 8,896 8,067 10% 2,636 2,452 2,454 8,5
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Production (MT) Shrimp Feed 127,798.2 105,329.0 133,368.0 167,285.0 123,464.0 105,764.0 105,108.0 163,610.0 128,367.0 Shrimp Processing 3,529.0 2,825.0 2,957.0 3,949.0 2,851.0 2,550.0 2,609.0 3,285.0 3,
Slide 15: Operational Highlights – Annually & Half-Yearly
Operational Highlights – Annually & Half-Yearly FY18 FY19 FY20 FY21 FY22 FY23 H1FY23 H1FY24 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 290,749 291,977 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 6,800 6,928 Sales (MT) Shrimp Feed 430,314 421,691 484,66
Slide 16: The Path Forward
THE PATH FORWARD
Slide 17: Company Highlights – H1FY24
Company Highlights – H1FY24 Shrimp Feed Shrimp Feed sales during the H1FY24 were flat at 2,93,371 MT as compared to 2,87,377 MT in H1FY23 an increase of 2%YoY The company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MT. The tota
Slide 18: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 19: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Income from Operations 12,260.0 10,689.2 13,322.4 15,693.0 13,221.0 11,025.8 10,930.0 15,536.6 12,784.9 Other Income 255.8 185.9 162.3 123.2 264.9 291.7 240.5 325.8
Slide 20: Profit & Loss Statement – Annually & Half-Yearly
Profit & Loss Statement – Annually & Half-Yearly Consolidated Profit & Loss (INR mn) FY19 FY20 FY21 FY22 FY23 H1FY23 H1FY24 Income from Operations 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 28,914.0 28,321.5 Other Income 538.3 702.3 925.8 816.7 920.2 388.1 661.0 Total Income 35,416.1 41,855.3 41,9
Slide 21: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY19 FY20 FY21 FY22 FY23 H1FY23 H1FY24 Share capital 136 136 136 136 136 136 136 Reserves and Surplus 13,437 15,811 19,759 21,338 23,632 21,845 24,726 Non-current liabilities 376 218 193 178 347 189 494 Current liabilities 2,199 2,634 2,
Slide 22: Annexure
B | ANNEXURE
Slide 23: Stock Information
Stock Information • Market cap (INR) – ~54 bn (As on 13th Nov 2023) • BSE code: 512573 • Shares outstanding – 136 mn (As on 30th Sept 2023) • NSE code: AVANTIFEED Shareholding Pattern as on 30th Sept, 2023 Relative stock price vs BSE Sensex As on 13th Nov, 2023 15.8% 250.0 225.0 208 200.0 175.0 12.0
Slide 24: Thank You!
THANK YOU! Mr. Narender Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India