Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q3 FY2022 Earnings Presentation
20 slides from Apex Frozen Foods's earnings presentation, Feb 15, 2022
Slide 1: Exchange filing cover letter for investor presentation
3-160, Panasapadu, Kakinada 533 005 fa APEX Andhra Pradesh. India off +91 884 2383902 - 4 (3 lines) fax +91 884 2383905 - é cs@apexfrozenfoods.com CIN: L15490AP2012PLCO80067 Date: 15.02.2022 To To The General Manager, The General Manager, Department of Corporate Services, Listing Department, Bombay
Slide 2: Apex Frozen Foods Result Presentation Q3/9M FY22
Apex Frozen Foods Result Presentation Q3/9M FY22
Slide 3: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Key Business Updates – Q3/9M FY22
Key Business Updates – Q3/9M FY22
Slide 5: Key Business Updates – Q3/9M FY22
4 Key Business Updates – Q3/9M FY22 4 Higher share of Value-Added Products driving profitability amidst challenging business environment (global sea transportation and higher operating costs) Outlook: Demand for Shrimp remains robust. The transport situation is easing out, albeit, gradually Operatio
Slide 6: Key Operational Highlights
5 Key Operational Highlights Geographical Sales Mix 01 Total Shrimp Sales (MT) 02 5 2,833 Q3 FY22 2,178 Europe 19% USA 81% Q3 FY21 Q3 FY22 Geographical Sales Mix 04 Total Shrimp Sales (MT) 03 China 1% 9,637 9M FY22 Europe 18% 9,046 USA 81% 9M FY21 9M FY22
Slide 7: Income Statement Highlights
6 Income Statement Highlights Particulars (Rs Mn) Q3 FY22 Q3 FY21 Y-o-Y % Q2 FY22 Q-o-Q % 9M FY22 9M FY21 Y-o-Y % 6 Net revenue 2,175 1,561 2,671 7,074 6,366 Other income 28 11 28 103 53 Total Income 2,203 1,572 40% 2,699 -18% 7,177 6,419 12% Raw material costs 1,488 1,097 1,697 4,735 4,320 Employee
Slide 8: Company At a Glance
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Slide 9: One of the Leading Exporters of Processed Shrimp in India
8 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY21 ▪ 8 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors & exporters in India European Union 14% ▪ Diversified customer base of Food Companies, Retail Ch
Slide 10: Hatchery | Stepping-stone for Ensuring Quality Produce
9 Hatchery | Stepping-stone for Ensuring Quality Produce 9 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 c
Slide 11: Processing | Well Placed with New Capacity and Product Line
10 Processing | Well Placed with New Capacity and Product Line… 10 Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 29240 6000 6000 3000 G. Ragampeta Plant: 9240 9240 9240 Capacity
Slide 12: Moving up the Value Chain with Ready-to-Eat Product Offerings
11 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 11 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
12 Key Factors to Consider for the Sector 12 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
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Slide 15: Operational Highlights – Yearly Trend
14 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 Leased 14 Owned 14,146 13,051 12,243 11,702 9,897 29,240 29,240 6,000 6,000 3,000 9,240 9,240 9,240 FY17 FY18 FY19 FY20* FY21 FY17 FY18 FY19 FY20 FY21 Working Capital (Days) 04 Total Debt to Equity (times) 03
Slide 16: Income Statement – Yearly Trend
15 Income Statement – Yearly Trend Profit & Loss (Rs Mn) FY18 FY19 FY20 FY21 9M FY22 15 Net revenue 9,986 8,747 8,271 8,185 7,074 Other income 199 215 190 75 103 Total income 10,185 8,962 8,461 8,260 7,177 Raw material costs 7,031 5,810 5,735 5,531 4,735 Employee expenses 389 482 437 398 323 Other e
Slide 17: Balance Sheet – Yearly Trend
16 Balance Sheet – Yearly Trend Liabilities (Rs Mn) Mar-20 Mar-21 Sep-21 Assets (Rs Mn) Mar-20 Mar-21 Sep-21 16 Shareholder’s Funds 3,959 4,398 4,575 Non-current assets 2,913 2,708 2,677 Share capital 313 313 313 Net block 2,802 2,504 2,434 Reserves & surplus 3,646 4,086 4,262 Capital work-in-progre
Slide 18: India's Seafood Exports Driven by Surging Shrimp Exports
17 India’s Seafood Exports Driven by Surging Shrimp Exports India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 17 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
18 Share Capital Information 1-yr Share Price Movement (Rs/share) 500 18 400 300 200 100 0 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Other data (as on 14-Feb-21) Shareholding Pattern (as on Dec-21) NSE / BSE code APEX / 540692 CMP (Rs/share) 296.00 In
Slide 20: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Ms Pooja Sharma pooja.sharma@stellar-ir.com