Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q4 FY21 Earnings Presentation
23 slides from Godrej Agrovet's earnings presentation, May 8, 2021
Slide 1: Covering letter to stock exchanges on investor presentation
May 8, 2021 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra - Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub.: Presentation to Investor & Analysts Dear Sir/
Slide 2: Performance Update – Q4FY21 & FY21
GODREJ AGROVET LIMITED PERFORMANCE UPDATE – Q4FY21 & FY21 May 07, 2021
Slide 3: GAVL Performance Highlights
GAVL PERFORMANCE HIGHLIGHTS 2 I Godrej Agrovet
Slide 4: Consolidated Q4FY21 Financials – Key Highlights
CONSOLIDATED Q4FY21 FINANCIALS – Key Highlights Excluding - real estate income Particulars As Reported and other non-recurring & exceptional items (Rs crore, unless stated) Q4FY21 Q4FY20 % Growth Q4FY21 Q4FY20 % Growth Total Income 1,472.4 1,643.6 (10.4%) 1,472.4 1,508.9 (2.4%) EBITDA 122.2 142.2 (1
Slide 5: Consolidated FY21 Financials – Key Highlights
CONSOLIDATED FY21 FINANCIALS – Key Highlights Excluding - real estate income Particulars As Reported and other non-recurring & exceptional items (Rs crore, unless stated) FY21 FY20 % Growth FY21 FY20 % Growth Total Income 6,306.3 7,010.9 (10.0%) 6,293.9 6,876.2 (8.5%) EBITDA 603.3 535.3 12.7% 598.0
Slide 6: Standalone Q4FY21 Financials – Key Highlights
STANDALONE Q4FY21 FINANCIALS – Key Highlights Excluding - real estate income Particulars As Reported and non-recurring items (Rs crore, unless stated) Q4FY21 Q4FY20 % Growth Q4FY21 Q4FY20 % Growth Total Income 974.0 1,165.5 (16.4%) 974.0 1,030.9 (5.5%) EBITDA 80.6 127.6 (36.8%) 80.6 49.5 62.9% EBITD
Slide 7: Standalone FY21 Financials – Key Highlights
STANDALONE FY21 FINANCIALS – Key Highlights Excluding - real estate income Particulars As Reported and non-recurring items (Rs crore, unless stated) FY21 FY20 % Growth FY21 FY20 % Growth Total Income 4,513.8 5,159.7 (12.5%) 4,504.2 5,025.0 (10.4%) EBITDA 473.9 462.6 2.5% 471.4 384.5 22.6% EBITDA Mar
Slide 8: FY21 Segment-wise Revenue and PBIT
FY21 SEGMENT-WISE REVENUE AND PBIT Segment Revenue Mix (1) Profit before interest and taxes (2) Poultry & Poultry and Processed processed food, food 4.4% 9.2% Dairy, 1.9% Dairy Animal Feed, 15.7% 34.2% Animal Feed 47.0% Crop Crop Protection, Protection 44.5% 17.3% Oil Palm Oil Palm Plantation, Plant
Slide 9: Key Balance Sheet Data – Consolidated Financials
KEY BALANCE SHEET DATA – Consolidated Financials Particulars March 31, 2021 March 31, 2020 Total Debt Rs. Crore 987.9 630.3 Net Debt Rs. Crore 939.3 581.6 Total Equity Rs. Crore 2,461.4 2,220.6 Capital Employed Rs. Crore 3,449.3 2,850.9 Net Debt to Total Equity Times (X) 0.38 0.26 Return on average
Slide 10: Key Financial Metrics Restated for Acceptances
KEY FINANCIALS METRICS RESTATED FOR ACCEPTANCES In FY21, GAVL shifted from supplier financing to short-term borrowings which was more attractive as cost of borrowing was significantly lower than cost of supplier financing Impact on key metrics Capital employed Indebtedness Particulars (Rs Cr.) Mar-2
Slide 11: GAVL delivered strong performance in tough times
GAVL delivered strong performance in tough times • Financial year 2020-21 was a difficult and an unprecedented year for the economy First half was significantly impacted by lockdown with GDP declining by 15.7% in H1FY21 However, Indian economy recovered in H2FY21 with easing of restrictions Th
Slide 12: GAVL is well-prepared to tide through the near-term challenges
GAVL is well-prepared to tide through the near-term challenges • Second wave of COVID-19 in India is more severe and is leading to uncertainty Micro-lockdowns across states can cause near-term demand and supply disruptions HoReCa demand is lower sequentially, but is higher than the same period l
Slide 13: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 12 I Godrej Agrovet
Slide 14: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Sales Volume (tons) 2,96,116 2,94,216 0.6% 11,36,314 13,00,839 (12.6%) Segment Revenue (Cr) 799.5 881.0 (9.3%) 3,093.2 3,717.7 (16.8%) Segment
Slide 15: Oil Palm Business
OIL PALM BUSINESS Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Segment Revenue (Cr) 71.7 66.5 7.9% 710.0 673.5 5.4% Segment Result (Cr) 5.3 4.3 23.3% 83.7 89.3 (6.3%) Segment Margin (%) 7.4% 6.5% 11.8% 13.3% • Crude palm oil (CPO)
Slide 16: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products produced cater to the entire crop lifecycles Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Segment Revenue (Cr) 93.5 67.0 39.5% 581.5 567.7 2.4% Segment Result (Cr) 20.7 5.9 252.4% 153.4 153.8 (0.3%) Segment Margin (%) 22.2% 8.8% 26.5% 27.1% • Incre
Slide 17: Astec Lifesciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients and pharmaceutical intermediates Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Revenue (Cr) 171.9 180.6 (4.8%) 554.9 522.6 6.2% EBITDA (Cr) 39.7 47.9 (17.1%) 119.5 97.1 23.0% EBITDA Margin (%) 23.1% 26.5% 21.5% 18.6%
Slide 18: Creamline Dairy
CREAMLINE DAIRY Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Revenue (Cr) 280.1 280.8 (0.3%) 1,032.2 1,193.0 (13.5%) EBITDA (Cr) 3.5 2.1 69.3% 38.8 32.1 20.3% EBITDA Margin (%) 1.3% 0.7% 3.8% 2.7% • While out-of-home consumption and institutional demand picked up sequentially in the fourth quar
Slide 19: Godrej Tyson Foods Limited and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q4FY21 Q4FY20 Growth FY21 FY20 Growth Revenue (Cr) 138.7 113.9 21.8% 602.5 515.4 16.9% EBITDA (Cr) 0.8 (33.5) NA 41.9 (47.6) NA EBITDA margin % 0.6% (29.4%) 7.0% (9.2%) • In the current quarter, Yummiez segment continued to witness strong growth in sales and pr
Slide 20: GAVL Shareholding Pattern, Major Investors
GAVL SHAREHOLDING PATTERN Major Investors Shareholding pattern as on March 31, 2021 • Temasek Others , 9.5% • Aberdeen DII, 5.1% • Kotak Mutual Fund • LIC India • DSP FII, 14.7% • Vanguard • ICICI Prudential Promoters, 70.7% • Bajaj Holdings • Tata AIG • JP Morgan 19 I Godrej Agrovet
Slide 21: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Chhavi Agarwal Email: s.varadaraj@godrejagrovet.com Email: chhavi.agarwal@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 20 I Godrej Agrovet
Slide 22: 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 23: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 22 I Godrej Agrovet