Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q2 FY25 Earnings Presentation
25 slides from Godrej Agrovet's earnings presentation, Oct 29, 2024
Slide 1: Cover letter to BSE and NSE: Presentation to Investors & Analysts
Date: October 29, 2024 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400001 Bandra (East), Mumbai-400051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts De
Slide 2: Godrej Agrovet Limited Q2 & H1 FY25 Performance Update
GODREJ AGROVET LIMITED Q2 & H1 FY25 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: ESG Update
ESG UPDATE 3 I Godrej Agrovet
Slide 5: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 80% 16x GAVL’s Renewable energy portfolio Water conservation ✓ Installed Solar rooftops at 20+ manufacturing sites ✓ A water positive company; 17.1 million m3 water sequestered # ✓ Vegetable Oil business’ renewable energy portfolio ~98.5% o
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Committed to the global Science Council for Sustainable ▪ Signatories to the global EP100 Based Targets initiative (SBTi) to Development; NBG is also on the framework created by the Climate reduce our emissions in line with
Slide 7: Strong commitment to CSR
STRONG COMMITMENT TO CSR Value Chain : Brighter Farming & Water stewardship ✓ 3,778 farmers were trained on dairy management to improve yield ✓ AI was conducted with 4,350 animals and 11,024 animals benefitted from the veterinary camps ✓ Covered 255 ha. area through water stewardship program in Nash
Slide 8: Awards and recognitions
AWARDS AND RECOGNITIONS BHARATIYA CSR KE DUS SAAL: AGLE DUS SAAL SUSTAINABLE AGRICULTURE SUMMIT & AWARDS BEMISAAL Godrej Group won Indian CSR Excellence Awards Standalone Crop Protection won Sustainable Agriculture Awards - 2024 1 2 1. Extension & Training Excellence for PYNA, our innovative solutio
Slide 9: Performance Highlights
PERFORMANCE HIGHLIGHTS 8 I Godrej Agrovet
Slide 10: Consolidated Financials – H1 FY25
CONSOLIDATED FINANCIALS – H1 FY25 Excluding non-recurring items Excluding non-recurring items & Astec ₹ Crore H1 FY25 H1 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Revenues 4,799 5,081 -5.6% 4,631 4,825 -4.0% Earnings before interest, tax and 456 421 8.3% 519 419 23.9% Depreciation (EBITDA) EBIT
Slide 11: Key Segment Highlights – H1 FY25
KEY SEGMENT HIGHLIGHTS – H1 FY25 Crop Protection +40% EBIT y-o-y Animal Feed – Strong profit growth EBIT Margin 44% EBIT per MT 41% y-o-y Dairy – Profitable Growth Godrej Tyson VAP Salience 37% EBITDA ₹ 45 Cr +150% y-o-y Branded Products Volume +9% y-o-y Astec LifeSciences business impacted by chall
Slide 12: Consolidated Financials – Q2 FY25
CONSOLIDATED FINANCIALS – Q2 FY25 Excluding non-recurring items Excluding non-recurring items & Astec ₹ Crore Q2 FY25 Q2 FY24 Y-o-Y Change Q2 FY25 Q2 FY24 Y-o-Y Change Revenues 2,449 2,571 -4.8% 2,350 2,460 -4.5% Earnings before interest, tax 221 215 2.9% 239 217 9.9% and Depreciation (EBITDA) EBITD
Slide 13: H1 FY25 Segment-wise Revenue and PBIT
H1 FY25 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – H1 FY25 Segment results (2) – H1 FY25 Poultry & processed Others, 1.0% Poultry & processed Others, -1.4% food, 8.6% food, 4.6% Animal Feed, Dairy, 6.3% 34.7% Animal Feed, Dairy, 16.5% 46.9% Crop Protection, 33.1% Crop Protection, 13.1% Veg
Slide 14: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 13 I Godrej Agrovet
Slide 15: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Sales Volume (tons) 3,61,594 3,72,212 -3.0% 7,07,542 7,46,927 -5.3% Segment Revenue (Cr) 1,205 1,242 -3.0% 2,361 2,527 -6.6
Slide 16: Vegetable Oil
VEGETABLE OIL Largest domestic producer of Crude Palm oil (CPO) and Palm Kernel Oil(PKO) Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change CPO Realisations (₹ per MT) 92,562 78,370 18.1% 89,760 79,359 13.1% PKO Realisations (₹ per MT) 1,28,017 1,01,924 25.6% 1,24,587 1,02,250 21.
Slide 17: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Segment Revenue (Cr) 198 260 -23.9% 512 524 -2.4% Segment Result (Cr) 85 77 10.4% 227 162 40.4% Segment Margin (%) 43.1% 29.7% 44.4% 30.9% • Err
Slide 18: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Revenues (Cr) 99 111 -11.1% 168 254 -33.8% EBITDA (Cr) -17.7 -2.4 NM -63.1 2.4 NM EBITDA Margin (%) -18.0% -2.2% -37.6% 0.9% • Topline & profitability
Slide 19: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Revenues (Cr) 403 390 3.2% 831 815 2.0% EBITDA (Cr) 18 12 47.8% 45 18 149.6% EBITDA Margin (%) 4.4% 3.0% 5.4% 2.2% • Segment revenue was
Slide 20: Godrej Tyson Foods Limited and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q2 FY25 Q2 FY24 Y-o-Y Change H1 FY25 H1 FY24 Y-o-Y Change Revenues (Cr) 197 237 -16.8% 431 547 -21.2% EBITDA (Cr) 5 19 -72.7% 29 51 -42.3% EBITDA Margin (%) 2.7% 8.2% 6.8% 9.3% • Revenues declined in Q2 FY25 as compared to Q2 FY 24, primarily due to lower volum
Slide 21: Annexures
ANNEXURES 20 I Godrej Agrovet
Slide 22: Non-Recurring Items and Astec
NON-RECURRING ITEMS AND ASTEC EBITDA PBT PAT Consolidated (₹ Crore) Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 REPORTED 236 213 138 132 96 104 Reversal of long-term incentives provision (15) - (15) - (11) - Differential VAT Liability & provision in respect of industrial plots - 2 - 2 - 1 Revers
Slide 23: Shareholding Pattern as of September 30, 2024
SHAREHOLDING PATTERN AS OF SEPTEMBER 30, 2024 FII Major Investors 7.5% DII 7.6% ➢ Temasek ➢ Nippon Mutual Fund ➢ Vanguard Others ➢ DSP Mutual Fund 10.9% ➢ LIC of India ➢ Axis Mutual Fund ➢ FSSA Investment Managers ➢ Motilal Oswal Mutual Fund ➢ CDPQ Pension Fund Promoters ➢ Tata Mutual Fund 74.0% 22
Slide 24: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Gaurang Chotalia Email: s.varadaraj@godrejagrovet.com Email: gaurang.chotalia@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 23 I Godrej Agrovet
Slide 25: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 24 I Godrej Agrovet