Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q1 FY20 Earnings Presentation
20 slides from Apex Frozen Foods's earnings presentation, August 2019
Slide 1: Investor Presentation – Result Update Q1 FY20
Investor Presentation Apex Frozen Foods Limited CIN: L15490AP2012PLC080067 Result Update – Q1 FY20
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not f
Slide 3: Q1 FY20 Key Highlights
Q1 FY20 Key Highlights Result Presentation Q1 FY20 Apex Frozen Foods Limited 3
Slide 4: New Processing Plant in AP | Installed capacity of 20,000 MTPA
New Processing Plant in AP | Installed capacity of 20,000 MTPA Trial production will start in this month, Aug-19; while Commercial production will begin after receiving the Regulatory Approvals and Certifications Result Presentation Q1 FY20 Apex Frozen Foods Limited 4
Slide 5: Q1 FY20: Key Performance Indicators (1)
Q1 FY20 : Key Performance Indicators (1) Total income (Rs mn) EBITDA (Rs mn) and margin (%) PAT (Rs mn) and margin (%) 15.2% 7.3% 8.7% 3.7% 2,440 2,260 371 212 164 83 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Profitability in Q1FY20 was largely impacted by a relatively higher priced raw materi
Slide 6: Q1 FY20: Key Performance Indicators (2)
Q1 FY20 : Key Performance Indicators (2) Volumes sold (MT) Average Realisation* (Rs/kg) Adjusted EBITDA per kg # (Rs) Q1 FY19 3,680 Q1 FY19 663 Q1 FY19 71 Q1 FY20 3,609 Q1 FY20 626 Q1 FY20 45 * ‘Total Income, incl. other income ÷ Volumes sold’ # ‘Adj. EBITDA, incl. other income ÷ Volumes sold’ Resul
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Standalone (Rs mn) Q1 FY20 Q1 FY19 y-o-y % Q4 FY19 q-o-q % FY19 Net revenue 2,219 2,393 -7% 1,639 35% 8,747 Other income 42 47 -12% 31 35% 215 Total Income 2,260 2,440 -7% 1,670 35% 8,962 Raw material 1,645 1,501 10% 1,027 60% 5,810 Employee expenses 101 117 -14% 123 -18% 48
Slide 8: Business Strengths
Business Strengths Result Presentation Q1 FY20 Apex Frozen Foods Limited 8
Slide 9: Indian Aquaculture Industry
Indian Aquaculture Industry India’s exports on a rise – FY18 (lakh tonnes) Frozen shrimp exports by India 4.8 13.77 Total Seafood 3.7 3.7 (21% y-o-y) 3.2 3.1 5.66 (30% y-o-y) Frozen Shrimp 1.7 1.8 189 229 301 358 374 434 566 4.02 L. Vannamei (22% y-o-y) FY12 FY13 FY14 FY15 FY16 FY17 FY18 '000 tonnes
Slide 10: Integrated Operations Ensure Quality Control & Timely Delivery
Integrated Operations Ensure Quality Control & Timely Delivery Hatchery Farming Processing Packaging Logistics Total breeding As per customer 1,500 MT of cold Total of ~1,800 Total capacity of capacity of close requirement and storage capacity; acres of farm- 15,240 MTPA to 1.2 to 1.4 bn their brand
Slide 11: Quality Control Certifications act as Entry Barrier
Quality Control Certifications act as Entry Barrier EU Approved Government of India Ministry of Commerce Directorate General of Foreign Trade Four Star Export House Approved Result Presentation Q1 FY20 Apex Frozen Foods Limited 11
Slide 12: Long Standing Relationships with Reputed Clients
Long Standing Relationships with Reputed Clients Our key distributors… …The end customers (Retail/Food Service Companies) Pacific Seafood Walmart WinCo FOODS OCEAN WORLD VENTURES Sysco US. Kroger FOODS Mazzetta Company Chicken of the Sea SAFEWAY ALDI frozen foods Result Presentation Q1 FY20 Apex Fro
Slide 13: Photo Gallery
Photo Gallery Result Presentation Q1 FY20 Apex Frozen Foods Limited 13
Slide 14: Annual Financial Highlights
Annual Financial Highlights Result Presentation Q1 FY20 Apex Frozen Foods Limited 14
Slide 15: Robust Growth in Revenue and Profits
Robust Growth in Revenue and Profits Total income (Rs mn) EBITDA (Rs mn) & Margin (%) PAT (Rs mn) & Margin (%) FY15 6,044 FY15 382 6.3% FY15 186 3.1% FY16 6,083 FY16 455 7.5% FY16 197 3.2% FY17 7,093 FY17 549 7.7% FY17 251 3.5% FY18 10,185 FY18 1,299 12.8% FY18 791 7.8% FY19 8,962 FY19 1,111 12.4% F
Slide 16: Key Performance Ratios
Key Performance Ratios Return on Net Worth (%) Return on Capital Employed (%) Diluted Book value (Rs/share) FY15 39.6% 18.9% FY15 18 FY15 FY16 28.3% 17.2% FY16 27 FY16 FY17 26.1% 17.1% FY17 35 FY17 FY18 38.4% 28.1% FY18 97 FY18 FY19 18.5% 15.5% FY19 114 FY19 Calculation of Ratios: RoNW = PAT (before
Slide 17: Profit & Loss Highlights
Profit & Loss Highlights Profit & Loss (Rs mn) FY15 FY16 FY17 FY18 FY19 Net revenue 5,994 6,035 6,987 9,986 8,747 Other income 50 47 106 199 215 Total income 6,044 6,083 7,093 10,185 8,962 Raw material 4,752 4,510 5,317 7,031 5,810 Employee expenses 258 233 249 389 482 Other expenses 652 884 977 1,4
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights Standalone (Rs mn) FY17 FY18 FY19 Standalone (Rs mn) FY17 FY18 FY19 Shareholder’s Funds 1,094 3,023 3,551 Non-current assets 857 1,408 2,456 Share capital 240 313 313 Net block 829 1,111 1,147 Reserves & surplus 854 2,710 3,238 Capital work-in-progress 8 209 1,163 Non-curren
Slide 19: Company Overview
Company Overview About The Company ▪ Commenced business operations in 1995, Apex Frozen Foods is one of the leading Producers and Exporters of processed, ready- to-cook, Shrimp in India. It a fully integrated company with presence across the value chain - Hatchery, Farming, Processing and Exporting
Slide 20: For further information, contact
For further information, contact: Mr. Subhramanya Chowdary Ms. Pooja Sharma Executive Director pooja.sharma@stellar-ir.com ir@apexfrozenfoods.com Result Presentation Q1 FY20 Apex Frozen Foods Limited 20