Slide 1: Investor Update Q3 & 9M FY17
FUTURE CONSUMER Investor Update
Slide 2: Disclaimer
Disclaimer This report contains forward-looking statements, which may be identified by their use of words like ‘plans’, ‘expects’, ‘will’, ‘anticipates’, ‘believes’, ‘intends’, ‘projects’, ‘estimates’, or other words of similar meaning. All statements that address expectations or projections about t
Slide 3: Table of content
Table of content 1 Business Overview 04-07 Integrated Food & FMCG Company 05 Q3 & 9M FY17 – At a Glance 06 Portfolio: Key Brands and Categories 07 2 Key Business Developments 08-11 Extending the Portfolio across Food & Beverages 09 Update on Food Park & Manufacturing Facilities 10 Distribution Netwo
Slide 4: Business Overview
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Slide 5: Integrated Food & FMCG Company
Integrated Food & FMCG Company Food & Key FMCG Brands Two Strong Pillars Supporting the Furtherance of Business Purpose Distribution Network Sourcing & Manufacturing Overall distribution footprint of ~29,000 stores Strong presence in sourcing of agri commodities and fresh Access to a vast netw
Slide 6: Q3 and 9M FY17 - At a Glance
Q3 and 9M FY17- At a Glance Revenues of INR 15,824 mn EBITDA of INR 150 mn in Brands like Karmiq (3.1x), Welcoming FMCG 2.0, a for 9M FY17 with top line 9M FY17 vs. loss of INR - Kara (1.2x) Tasty Treat whole new way of looking at growth of 40.8%* 104mn in 9M FY16 (31%), Veg Affaire (61%) an age-old
Slide 7: Portfolio: Key Brands and Categories
Portfolio: Key Brands and Categories Food and Beverages (94%) Brands Staples, Dairy and Bakery, Fruits and Vegetables, Snacks, Juices, Frozen Foods, Ready to Cook Foods among others Home & Personal Care (6%) Wipes, Body Wash, Body Lotion, Toilet and Floor Cleaners, Kitchen Aides Note: 1) Remaining 7
Slide 8: Key Business Developments
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Slide 9: Extending the Portfolio across Food & Beverages
Extending the Portfolio across Food & Beverages Tasty Treat starting Nilgiris launched 4 Karmiq’s new Veg Affaire Fresh & Pure is a a trend with the variants of flavored launches add flavor extended its frozen manifestation of the Indo Western fusion Greek Yogurt – and color to and an food portfolio
Slide 10: Update on Food Park & Manufacturing Facilities
Update on Food Park & Manufacturing Facilities Sr No. Facility/ Particulars Capacity Status / Comments Rice mill commisioned and leased to The Genoa Rice Mill Pvt Ltd for 1 Rice Mill 1.2 MT operations. Paddy procurement started A 11,000 sq ft Research & Development lab with an additional 3,000 sq ft
Slide 11: Distribution Network Spanning across Channels
Distribution Network Spanning across Channels Aadhaar, 4% Other MT & Nilgiris , 10% GT, 19% EasyDay, 10% Channel Wise Sales** Big Bazaar, 58% FCL reaches over 295 million customers through Future Group outlets To commence harnessing the distribution network of Nissin Foods to reach out to “kiran
Slide 12: Financial Update
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Slide 13: Performance Overview - Q3 FY17
Performance Overview - Q3 FY17 Top Line Growth EBITDA Improvement on the Back of High Growth and Efficiency 5,516 62 23%* 5,048 24 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 Interest Expense Declined by INR 38 mn PAT loss narrowed by INR 64 mn 159 121 (140) (204) Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 * Like to like
Slide 14: Performance Overview - 9M FY17
Performance Overview - 9M FY17 Top Line Growth EBITDA Improvement on the Back of High Growth and Efficiency 41%* 15,824 150 12,822 (104) 9M FY16 9M FY17 9M FY16 9M FY17 Interest Expense Declined by PAT loss narrowed by INR 272 mn INR 113 mn 473 360 (509) (781) 9M FY16 9M FY17 9M FY16 9M FY17 * Like
Slide 15: FCL Growth Reflects Impact of Demonetization
FCL Growth Reflects Impact of Demonetization Since 75% of the topline is driven by Modern Trade channels, FCL witnessed limited impact of demonetization On the other hand, Aadhaar was impacted by demonetization 75% of Fair Price Shop business is cash based 90% of Aadhaar’s business is wholesale and
Slide 16: Business Highlights
Business Highlights Aadhaar reported a robust growth of 71% on YoY 69% basis Expanded Fair Price Shops network to a total of 5,300 stores Food & Beverages witnessed strong growth across brands 66% driving the overall top line − Tasty Treat & Karmiq Wheat + Oats Atta launched gift boxes during
Slide 17: Consolidated Income Statement – Q3 & 9M FY17
Consolidated Income Statement – Q3 & 9M FY17 FY 2015-16 FY 2016-17 Particulars (INR Mn) Q3 9M FY16 Q3 9M FY17 5,015 12,715 Sales 5,473 15,699 33 107 Other Operating Income 43 125 5,048 12,822 Total Income from Operations 5,516 15,824 Reported a like to like growth of 23% 4,312 10,909 COGS 4,734 13
Slide 18: Evolution of Operating Profits
Evolution of Operating Profits Network expansion and increasing penetration Expansion of General Going Trade network forward New product launches potential to scale up Premiumization of Prior to 2016 products reported Economies of scale Operating Losses Currently achieving profitability at operating
Slide 19: Consolidated Balance Sheet (Proforma & Unaudited)
Consolidated Balance Sheet (Proforma & Unaudited) As on Particulars (INR mn) 31-Dec-16 Shareholder's Fund 9,348 Balance Sheet is as per IND-AS Minority Interest -12 Debt reduction of INR 646 mn during 9M FY17 Net Debt 4,298 Net Adjusted Capital Employed 13,633 Fixed Assets 4,375 Goodwill and Int
Slide 20: India Food Forum Awards
India Food Forum Awards Kosh Wins India Food Forum’s Prestigious Food & Grocery Innovation of the Year Award! Devendra Chawla was awarded the ‘Food & Grocery Professional of the Year’ Investor Update Q3 & 9M FY17 20
Slide 21: FCL Initiated an Era of FMCG 2.0
FCL INITIATED AN ERA OF FMCG 2.0 21
Slide 22: FMCG 2.0: Fast Moving Consumer Generation
Primarily focused on goods Built to cater to yesterday’s consumers Goods are not really fast moving Shifting the focus towards consumers Built on “Future Consumers” FAST MOVING CONSUMER GENERATION Opportunity to lead the space Investor Update Q3 & 9M FY17 22
Slide 23: FCL's Journey Towards FMCG 2.0
FCL’s Journey Towards FMCG 2.0 Unprecedented retail success Developing brands by upgrading and transforming a “branded commodity” Catering to the full spectrum of to a Genuine Brand consumers: Foodhall > Aadhar PDS Communicating the brand vision Expertise of Future Brands and Future Ideas aiding inn
Slide 24: Thank You
Thank You Registered and Corporate Office: Future Consumer Limited Knowledge House, Shyam Nagar, Off Jogeshwari - Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 : +91 22 30841300 : www.futureconsumer.in Incase if any queries please contact: investor.care@futureconsumer.in