Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q4 FY23 Earnings Presentation
25 slides from Godrej Agrovet's earnings presentation, May 10, 2023
Slide 1: Exchange filing cover letter: Presentation to Investors & Analysts
Date: May 9, 2023 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts Dear
Slide 2: Godrej Agrovet Limited Q4 & FY23 Performance Update
GODREJ AGROVET LIMITED Q4 & FY23 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 73% 7x GAVL’s Renewable energy portfolio Water conservation ✓ Installed Solar rooftops at 20+ manufacturing sites ✓ A water positive company; 14 million m3 water sequestered # ✓ Vegetable Oil business’ renewable energy portfolio ~100% of to
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 framework created by the Climate reduce our emissions in line with ▪ Signatories to th
Slide 7: Strong commitment to CSR
STRONG COMMITMENT TO CSR Pragati: Community-based Education ✓ Support for digital education to 480 students (6th -10th) in MH & UP – 36,000+ hours of digital education content consumed ✓ 1,000 students engaged in Arts & Music ✓ Reading awareness amongst 6,000 students Grameen Vikas: Brighter Farming
Slide 8: Awards and recognitions
AWARDS AND RECOGNITIONS Godrej Agrovet won a prestigious India Risk Management award presented by CNBC-TV18 and ICICI Lombard for excellence in risk management practices 7 I Godrej Agrovet
Slide 9: Performance Highlights
PERFORMANCE HIGHLIGHTS 8 I Godrej Agrovet
Slide 10: Key Highlights – FY23
KEY HIGHLIGHTS – FY23 Sustained Topline Growth +13% While Margin profile improved for few… Continued improvement in operational Aqua Feed volume +18% Cattlefeed volume +13% efficiencies Creamline Dairy ₹ 1,500 + Crore Topline Branded categories reported consistent profitability Value Added products
Slide 11: Q4 FY23 Consolidated Financials – Key Highlights
Q4 FY23 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional As Reported Financial Highlights items * (Rs. Crore unless Stated) Q4 FY23 Q4 FY22 % y-o-y Q4 FY23 Q4 FY22 % y-o-y Revenues 2,095 2,081 0.7% 2,095 2,081 0.7% Earnings before interest, tax and Depreciation 87 222
Slide 12: FY23 Consolidated Financials – Key Highlights
FY23 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional As Reported Financial Highlights items * (Rs. Crore unless Stated) FY23 FY22 % y-o-y FY23 FY22 % y-o-y Revenues 9,374 8,306 12.9% 9,374 8,306 12.9% Earnings before interest, tax and Depreciation 630 745 -15.4% 564
Slide 13: FY23 Segment-wise Revenue and PBIT
FY23 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – FY23 Segment results (2) – FY23 Others, 0.5% Poultry & processed Poultry & processed food, food, 3.1% Others, -1.3% 10.0% Dairy, -8.5% Animal Feed, Animal Feed, 49.5% 34.1% Dairy, 15.0% Crop Protection, 24.3% Crop Protection, 12.0% Oil Palm ,
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 Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth Sales Volume (tons) 3,63,914 3,47,430 4.7% 14,57,543 13,60,689 7.1% Segment Revenue (Cr) 1,218 1,105 10.2% 4,957 4,350 13.9% Segment Result (
Slide 16: Oil Palm Business
OIL PALM BUSINESS Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth CPO Realisations (₹ per MT) 85,427 1,19,145 -28.3% 98,821 1,11,390 -11.3% PKO Realisations (₹ per MT) 1,11,647 1,90,043 -41.3% 1,41,661 1,58,836 -10.8% Segment Revenu
Slide 17: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth Segment Revenue (Cr) 128 105 21.8% 596 545 9.3% Segment Result (Cr) 14 21 -34.6% 74 101 -26.7% Segment Margin (%) 10.8% 20.1% 12.5% 18.6% • Higher sales of Gracia
Slide 18: Astec Lifesciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth Revenues (Cr) 127 272 -53.3% 628 677 -7.2% EBITDA (Cr) 8 72 -89.0% 89 165 -45.7% EBITDA Margin (%) 6.3% 26.6% 14.2% 24.3% • Q4 and full year topline was severely impact
Slide 19: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth Revenues (Cr) 399 337 18.5% 1,501 1,175 27.8% EBITDA (Cr) 0.3 5 -93.2% -11 6 NM EBITDA Margin (%) 0.1% 1.4% -0.8% 0.5% • Volume growth remained robust in
Slide 20: Godrej Tyson Foods Limited; Joint Venture – ACI Godrej Agrovet
GODREJ TYSON FOODS LIMITED Particulars Q4 FY23 Q4 FY22 Growth FY23 FY22 Growth Revenues (Cr) 246 202 21.6% 1,003 784 28.0% EBITDA (Cr) 1 16 -92.2% 34 23 50.7% EBITDA Margin (%) 0.5% 8.0% 3.4% 2.9% • Branded business, mainly Real Good chicken (RGC) with 30% volume growth, continued to drive topline p
Slide 21: Annexures
ANNEXURES 20 I Godrej Agrovet
Slide 22: Non-recurring & Exceptional Items
NON-RECURRING & EXCEPTIONAL ITEMS EBITDA PBT PAT Consolidated (Rs. Crore) Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Reported 87 222 13 159 23 140 Contingent consideration write-back - (42) - (42) - (39) Long-term incentives provision (8) 13 (8) 13 (6) 10 Differential GST Liability (Dairy busin
Slide 23: Shareholding Pattern as of March 31, 2023
SHAREHOLDING PATTERN AS OF MARCH 31, 2023 FII Major Investors 9.7% DII ➢ Temasek 6.6% ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 9.6% ➢ Kotak Mutual Fund ➢ DSP ➢ Bajaj Holdings Promoters 74.1% 22 I Godrej Agrovet
Slide 24: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Aditya Desai Email: s.varadaraj@godrejagrovet.com Email: aditya.desai@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