Vidhi Specialty Food Ingredients Ltd · NSE:VIDHIING
Vidhi Specialty Food Ingredients — Investor Presentation (March 2021)
31 slides from Vidhi Specialty Food Ingredients's investor presentation, March 2021
Slide 1: Stock exchange intimation letter under Regulation 30
Datee: March 166, 2021 To, Thee Manager,, Thee Manager,, Deppartment o of Corporatte Servicess (DCS-Listting) Listting Comppliance BSE E Limited Nattional Stocck Exchangge of India Ltd. Phirroze Jeejeeebhoy Tow wers, Dalal Street, Excchange Plaza, C-1, Block G, Ban ndra Kurla a Muumbai- 4000001 Comm
Slide 2: Vidhi Specialty Food Ingredients Limited Investor Presentation March 2021
Vidhi Specialty Food Ingredients Limited COLOURS You Can Trust For Your Food Investor Presentation – March 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vidhi Specialty Food Ingredients Limited [Formerly known as 'Vidhi Dyestuffs Manufacturing Limited] (the “Company’), have been prepared solely for information purposes and do not constitute an
Slide 4: All About Food Colours
All About Food Colours Why Food Colours??? ✓ Food colours are ingredients that are added to food or beverage to enhance its appearance ✓ Colours when added to food products imparts very bright and tempting effect Consistency in the Enhance the visual Improves the product appearance appeal of a dish
Slide 5: Huge Industry Potential with Limited Players
Huge Industry Potential with Limited Players Food Colour Industry Growth Upsurge in demand for food colors from various end-use industries, including food & beverages, bakery & confectionery, dairy products, meat & poultry, and seafood Industry Potential USD Bn +6% CAGR 5.1 Colour is a key component
Slide 6: About Vidhi Specialty Food Ingredients
About Vidhi Specialty Food Ingredients An Institution in Edible Colour Technology Existing Capacity of over 2nd Supplying to80 Countries 3,500 MT p.a. Over 200 Largest food colour manufacturer in Asia across 6 continents + active customers ~8,500 MT p.a. under expansion Diversified End User Industry
Slide 7: Legacy of over 2 Decades
Legacy of over 2 Decades Vidhi Dyestuffs Mfg. Ltd. Increased Production Brownfield expansion with Capacity expansion plans up incorporated with production Capacities to 90 MT / capacities increased to 250 to ~900 MT / Month with 2 capacity of 30 MT / Month Month MT / Month Greenfield Expansions 2022
Slide 8: Synthetic Food Colours
Synthetic Food Colours Synthetic Water Full range of 14 water soluble colours available in Primary Water • Primary Food Water Soluble Colours are water Soluble Food Microfine Powder, Fine Plating Grade Powder & Granular soluble, and impart coloring to any product when Soluble Colours Forms Colours d
Slide 9: Wide Product Range
Wide Product Range FD&C Certified FD&C Certified Water Soluble Colours Lakes Water Soluble Colours Lakes Tartrazine Allura Red Lake Tartrazine Lake Allura Red FD&C Yellow 5 Lake FD&C Yellow 5 Quinoline Yellow Patent Blue V Lake Quinoline Yellow Lake Indigo Carmine FD&C Red 3 Lake FD&C Yellow 6 Sunse
Slide 10: Existing Manufacturing facilities
Existing Manufacturing facilities • Our Manufacturing facilities have been audited and found satisfactory by the U.S. FDA • Our present and operational manufacturing facilities are spread over an area of 1,76,000 square feet, located in Dhatav Village of Raigad District in the state of Maharashtra •
Slide 11: Long runway for growth
Long runway for growth Pursuing Capacity Expansions Capacity Expansion Metric Tons per Month Phase I ➢ In Dahej Sez, Gujarat ~720 ~1,000 ➢ 360 MT Capacity to be installed 3x ➢ EC clearance received ➢ Civil construction commenced Planned Capacity Expansion in 2 years ➢ Expected timeline 12 months 325
Slide 12: Diversified End-user Market
Diversified End-user Market • Processed Foods Food & Beverage • Lip Gloss • Soft/Health Drink Cosmetics • Nail Varnish • Ice Creams • Mascara with diversified end-user market • Sherbets Highly regulated niche market • Jam’s & Jellies • Eye Shadow • Juices Pet food & Cattle Feed Confectionery & • Cho
Slide 13: Marquee Customers across Industries
Marquee Customers across Industries Cosmetics Customer & Industry Diversity Confectionaries & Bakery Britannia Unilever Procter & Gamble Nestle Mars Pepsi Personal/ Home Care Kraft Pfizer Kerry Coca-Cola Sanofi ITC Food & Beverage Cipla Cadila Mondelez Parle G Rasna Mala’s Pharmaceuticals Pet food,
Slide 14: Global Footprint
Global Footprint Continent Wise Sales Country Wise Sales (9MFY21) 7% 7% USA BANGLADESH Malaysia 26% Sri Lanka Bolivia MOROCCO 19% 19% 30% Australia Colombia Pakistan UK Chile COSTARICA Peru Argentina CYPRUS REPUBLIC OF POLAND FY20 9MFY21 Canada CZECH REPUBLIC RUSSIA China Egypt SYRIA MALTA EL SALVAD
Slide 15: Stringent Regulatory Approvals
Stringent Regulatory Approvals Synthetic Water Soluble Colours European Commission & JECFA Approved Aluminum Lakes D&C Colours European Commission & JECFA Approved U. S. FDA Approved Blends FD&C Colours European Commission, JECFA & U. S. FDA Approved U. S. FDA Approved Co-Blended Lakes &Co-Blended G
Slide 16: Certifications & Regulatory Approvals
Certifications & Regulatory Approvals ✓ 1st Company in the field of manufacturing synthetic food colours in India to be awarded with ISO 9002 in the year of 2000 ✓ ISO 9001:2015, ISO 22000:2005 certified company ✓ The Management Of Food Hazard Analysis (HACCP) system for the manufacture of synthetic
Slide 17: Technology and R&D strength
Technology and R&D strength Stringent checks and processes established at each stage from Raw Material testing to In-Process to Manufacturing processes to delivery of Finished Goods to ensure desired products Fully equipped & functional laboratory accredited by The Bureau of Indian Standards forms t
Slide 18: Growth Drivers
Growth Drivers Increasing Global Presence Maximum Utilization of Capacity 5 1 Maximize the capacity utilizations post Penetrating the untapped markets & increasing planned expansion with multiple customers in the wallet share of existing customers on board Customer Satisfaction Automated Manufacturi
Slide 19: High Entry Barriers
High Entry Barriers Technical Know-how Highly Regulated Markets • Technical know-how with years • Operate in a highly regulated markets of experience for continuous with multiple regulatory approvals development of new products & required colours • Undertaken various approvals backed by an appropria
Slide 20: Key Differentiators
Key Differentiators Products Renowned name in Food Colour Industry Regulatory Large Product Variants Highly Regulated Market Diversified Usages Consistency is a Key Diversified customers Long Customer Approval Cycle Long standing relationships with Large MNC as a customers Financial Strength R&D & P
Slide 21: Experienced Board of Directors
Experienced Board of Directors Mr. Bipin M. Manek Mr. Mihir B. Manek Mr. Vijay K. Atre Mrs. Pravina B. Manek Mrs. Vidhi H. Parekh Chairman & Managing Joint Managing Director Non-Executive Director Non-Executive Director Wholetime Director Director Mr. Niren D. Desai Mr. Prafulchandra A. Shah Mr. Rah
Slide 22: Strong Management Team
Strong Management Team Mr. Bipin M. Manek Mr. Mihir B. Manek Chairman & Managing Joint Managing Director Director Rich & Diversified experience of over 34 years in the field food Associated with the company for more than 11 years with colour manufacturing. Acknowledged as a thought leader in experti
Slide 23: Financial Performance
We SPECIALTY FOOD INGREDIENTS LIMITED. Financial Performance |
Slide 24: Q3 & FY21 Consolidated Key Highlights
Q3 & FY21 Consolidated Key Highlights Revenue EBIDTA PAT Rs. In Crs Rs. In Crs Rs. In Crs +6% +1% +3% 168.6 35.4 35.7 23.9 24.7 159.5 +47% +34% +36% 79.3 15.6 10.5 54.0 11.6 7.7 Q3FY20 Q3FY21 9MFY20 9MFY21 Q3FY20 Q3FY21 9MFY20 9MFY21 Q3FY20 Q3FY21 9MFY20 9MFY21 ✓ Gujarat Pollution Control Board (GPC
Slide 25: Q3 & 9M FY21 Consolidated Profit & Loss Statement
Q3 & 9M FY21 Consolidated Profit & Loss Statement Particulars (Rs in Crs) Q3 FY21 Q3 FY20 Y-o-Y Q2 FY21 Q-o-Q 9M FY21 9M FY20 Y-o-Y Revenue from Operations 79.3 54.0 46.8% 49.1 61.4% 168.6 159.5 5.7% Cost of Materials Consumed 52.4 31.7 30.3 104.7 93.9 Gross Profit 26.8 22.3 20.5% 18.9 42.4% 63.9 65
Slide 26: Consolidated Operating Performance
Consolidated Operating Performance Revenue from Operations (Rs. in Crs) EBIDTA (Rs. in Crs) +5% +20% 212.6 228.4 224.6 50.4 46.1 192.6 168.6 35.7 29.0 31.5 FY17 FY18 FY19 FY20 9MFY21 FY17 FY18 FY19 FY20 9MFY21 Profit before Tax (Rs. in Crs) Profit after Tax (Rs. in Crs) +24% +32% 45.2 33.9 40.8 29.1
Slide 27: Consolidated Historical Profit & Loss Statement
Consolidated Historical Profit & Loss Statement Particulars (Rs in Crs) 9MFY21 Mar-20 Mar-19 Mar-18 Mar-17 CAGR (FY20-FY17) Revenue from Operations 168.6 224.6 228.4 212.6 192.6 5.3% Cost of Materials Consumed 104.7 133.5 145.3 144.9 133.7 Gross Profit 63.9 91.2 83.0 67.6 58.9 15.7% GP % 37.9% 40.6%
Slide 28: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet Particulars (Rs in Crs) Sep-20 Mar-20 Mar-19 Mar-18 Mar-17 Particulars (Rs in Crs) Sep-20 Mar-20 Mar-19 Mar-18 Mar-17 Equity Share Capital 5.0 5.0 5.0 5.0 5.0 Property, Plant and Equipment 31.0 40.2 30.8 29.3 30.0 Other Equity 129.0 123.7 96.0 72.0 61.1 Capital
Slide 29: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Cash Flow Statement Sep-20 Mar-20 Mar-19 Mar-18 Mar-17 Cash Flow from Operating Activities Profit before Tax 19.1 45.3 40.85 24.46 23.60 Adjustment for Non-Operating Items 1.4 6.0 5.3 7.1 5.7 Operating Profit before Working Capital Changes 20.5 51.3 46.2 31.
Slide 30: Sustainable Return Ratios
Sustainable Return Ratios Cash flow from Operations Borrowings and Cash & Cash Equivalents Rs. In Crs Rs. In Crs Cash & Cash Equivalents 33.2 32.8 61.2 Borrowings 22.1 24.6 42.1 42.2 32.3 18.5 14.9 12.7 5.3 8.2 6.7 -8.9 Mar-17 Mar-18 Mar-19 Mar-20 Sep-20 Mar-17 Mar-18 Mar-19 Mar-20 Sep-20 ROCE (%) R
Slide 31: Thank You
Thank You BSe Company : Investor Relations Advisors : Vidhi Specialty Food Ingredients Limited Orient Capital (a division of Link Group) CIN: L24110MH1994PLC076156 Ms. Neha Shroff: +91 77380 73466 Mr. Mitesh Manek - CFO neha.shroff@linkintime.co.in mitesh.manek@vidhifoodcolour.com Mr. Sagar Shroff:
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