Lt Foods Limited · NSE:LTFOODS
Lt Foods — Q4 FY23 Earnings Presentation
31 slides from Lt Foods's earnings presentation, May 18, 2023
Slide 1: Exchange cover letter for investor presentation
Ref-LTF/ SE/ 2023-24/ Date: 18th May, 2023 To, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai- 400001 Bandra (E) Mumbai – 400 051 Sub: Investor Presentation Ref. Code: 532783. Scrip ID: DAAWAT Dear S
Slide 2: Investor Presentation – Q4 & Full Year FY23
LT Foods Limited Investor Presentation – Q4 & Full Year FY23 May 2023
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by LT Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Index
INDEX Q4 & Full Year FY23 Results Highlights Key Developments Strategy and Outlook ESG Framework and Goals Shareholding Pattern
Slide 5: Q4 & Full Year FY23 Results Highlights
Q4 & Full Year FY23 Results Highlights
Slide 6: FY23 Segment Highlights (YoY)
FY23 Segment Highlights (YoY) Total Revenue 28% 36% Convenience & Health Basmati & Other Specialty Segment 31% Segment Organic Segment 11% LT Foods Investor Presentation Q4 FY23 5
Slide 7: Q4 FY23 Segment Highlights (YoY)
Q4 FY23 Segment Highlights (YoY) Total Revenue 19% Basmati & Other Specialty Segment 30% Convenience & Health Segment 3% Organic Segment 25% LT Foods Investor Presentation Q4 FY23 6
Slide 8: FY23 Key Highlights (YoY)
FY23 Key Highlights (YoY) REVENUE 28% EBITDA 20% Book Value Per Share (₹) ₹ 80.6 (from ₹ 67.2) EBIT 24% Return on Equity 18.4% (from 15.3%) 193 PBT 25% Working Capital Days (from 207) PAT 37% Cash Profit 27% LT Foods Investor Presentation Q4 and FY 22 7
Slide 9: FY23 Financial Update
FY23 Financial Update Revenue up 28% y-o-y aided by Revenue Gross Profit EBITDA accelerated brand investments across all 3 business segments – Basmati & Other Specialty Rice, Organic and 28% 31% 20% Convenience and Health business 5,451 6,979 1,836 2,402 744 Gross Profit up by 31% y-o-y & Gross
Slide 10: Q4 FY23 Financial Update
Q4 FY23 Financial Update Revenue up 19% y-o-y aided by Revenue Gross Profit EBITDA accelerated brand investments and scaling of distribution across all 3 19% business segments – Basmati & Other 18% 29% Specialty Rice, Organic and Convenience and Health business 1,836 609 210 515 163 1,537 Gross
Slide 11: Segment Update – Basmati & Other Specialty Rice
Segment Update – Basmati & Other Specialty Rice Growing at a 3 Year CAGR of 13% Revenue International India 5,641 4,304 1829 1442 31% 3,812 2,841 FY22 FY23 Gross Profit & Margin 35.2% EBITDA & Margin 34.6% 1,986 12.5% 11.5% 1,488 649 539 33% 20% FY22 FY23 FY22 FY23 All Figures in ₹ Crore unless spec
Slide 12: Segment Update – Organic Segment
Segment Update – Organic Segment Growing at a 3 Year CAGR of 10% Revenue & Growth 784 705 11% FY22 FY23 EBITDA Gross Profit & Margin & Margin 38.6% 9.8% 35.1% 9.2% 77 303 65 248 22% 19% FY22 FY23 FY22 FY23 All Figures in ₹ Crore unless specified LT Foods Investor Presentation Q4 FY23 11
Slide 13: Segment Update – Convenience & Health Segment
Segment Update – Convenience & Health Segment Growing at a 3 Year CAGR of 30% Revenue & Growth 164 121 36% FY22 FY23 EBITDA Gross Profit & Margin & Margin 32.5% 33.0% 54 -5 39 38% -15 FY22 FY23 FY22 FY23 -4.4% -9.0% All Figures in ₹ Crore unless specified LT Foods Investor Presentation Q4 FY23 12
Slide 14: Improving Working Capital Cycle
Improving Working Capital Cycle Debtor Days Debtors Amount (Rs. Cr) 511 53 53 52 360 376 35 21 19 22 207 15 14 134 91 35 29 30 India International Organic India International Organic Mar-21 Mar-22 Mar-23 March'21 March'22 March'23 Inventory Days Inventory (Rs. Cr) 2,040 192 1,529 1,559 172 175 162 1
Slide 15: Key Developments
Key Developments
Slide 16: Strong Progress in FY23 in India backed by 360-Degree Marketing Campaigns
Strong Progress in FY23 in India backed by 360-Degree Marketing Campaigns Volume Market Share % Gr.% 29.6% 230 Bps Consuming Households Gr.% Presence across Retail Outlets 45.38 Lakh 31. 3% Gr.% 1,76,741 9.1% * As per Kantar Household Panel Branded Basmati MAT *As per AC Nielsen (MAT March 23 vs. MA
Slide 17: Key Developments - New Launches
Key Developments - New Launches Successful Launch of First Superfood Rice– Black Rice Biryani kits have reached the milestone of Rs. 5 crores during the year by selling 5,69,201 units. Launch of Devaaya Weight Watcher-Economy Brown Rice Segment Share of Convenience and Health segment grown f
Slide 18: Strategy and Outlook
Strategy and Outlook LT Foods Investor Presentation Q3 FY23
Slide 19: Capital Allocation Plan
Capital Allocation Plan We aim to balance the objectives of ploughing back earnings to support sustained growth, debt reduction and appropriate reward to shareholders through dividends Growth Debt Reduction Utilizing the free cash flow generated for the Goal is to maintain our Debt/ EBITDA ratio gro
Slide 20: Way Forward
Way Forward We continue to focus on strategic pillars of Growth, Margin Expansion and Strengthening of Financial Metrics to create a fully integrated, global, strong, progressive, sustainable, predictable, profitable, and growing consumer business Margin Strengthen Growth Expansion Financial Metrics
Slide 21: ESG Framework and Goals
ESG FRAMEWORK and Goals
Slide 22: ESG Framework
ESG Framework Responsible Farms | Responsible Sourcing | Responsible Operation | Responsible Brands | Responsible Movement | Responsible Governance | Responsible Value Creation Responsible Farms Responsible Brands Organic Water Stubble Recyclable Plastic Farmland Stewardship Burning Packaging Neutra
Slide 23: Environment Scorecard and Goals
Environment Scorecard and Goals (LT Foods Ltd.; Daawat Foods Ltd., Nature Bio Food Ltd., Eco Pure Specialities Ltd.) Sustainable Harvesting Organic Farmland of Paddy Baseline : 13,000 farmers trained Baseline : 1.4 lakh acre Sustainable FY23 : 16,525 farmers trained FY23 : 1.64 lakh acre Farming 50,
Slide 24: Environment Scorecard and Goals…
Environment Scorecard and Goals… (LT Foods Ltd.; Daawat Foods Ltd., Nature Bio Food Ltd., Eco Pure Specialities Ltd.) Water Conservation Water Recharge Baseline : 110 Bn litres Baseline : 4 Ponds Water FY23 : 110 Bn litres FY23 : 7 Ponds 140 billion liters of water saving Renovation and construction
Slide 25: Social Scorecard and Goals
Social Scorecard and Goals (LT Foods Ltd.; Daawat Foods Ltd., Nature Bio Food Ltd., Eco Pure Specialities Ltd.) Infrastructure Safe and Clean Quality Education Women Health Development Drinking water Baseline : 10 Villages Baseline : 19 Schools Baseline : 20,000 beneficiaries Baseline : 5,000 benefi
Slide 26: Governance Scorecard and Goals
Governance Scorecard and Goals (LT Foods Ltd.; Daawat Foods Ltd., Nature Bio Food Ltd., Eco pure Specialities Ltd.) ESG Committee at ESG Organization ESG Goals and ESG Materiality Board Structure Target Analysis ESG & CSR Committee Draft prepared and Finalized & Declared Materiality Matrix Governanc
Slide 27: Marketing Initiatives
Marketing Initiatives ESG Committee at Board Governance Board Structure & Independence Awarded for World’s 1st Biryani Day – 3rd July 2022 ESG Embedded ESG linkage to Ambitions in Risk compensation Management Brown Rice Campaign - 4 Cr+ Impressions 60L + Views ESG DBrand Participation in Gujarat Nav
Slide 28: Marketing Initiatives-Digitization
Marketing Initiatives-Digitization ESG Committee at Board Governance Board Structure & Independence ESG Embedded ESG linkage to Ambitions in Risk compensation Management 8L Impressions ; 1.9L Views Reach to 2.1Cr + Audience; Impressions – 4.6Cr + LT Foods Investor Presentation Q4 FY23 27
Slide 29: Shareholding Pattern
Shareholding Pattern As on March 31, 2023
Slide 30: Shareholding Information
Shareholding Information Mutual Funds, 2.84% Fll, 5.04% Shareholder Information as on March 31 , 2023 BSE Ticker 532783 NSE Symbol DAAWAT Market Cap (₹ Cr)* 3,359 % Free- float 43.0% Free Float Market Cap (₹Cr) 1,444 Promoter, 51.00% Others, 41.12% Shares Outstanding (Cr) 34.7 Industry Consumer Food
Slide 31: Investor Contact
Investor Contact Ms. Monika Chawla Jaggia Monika.Jaggia@ltgroup.in 0124-3055210 ltgroup.in DaawatBasmatiOfficialAuthenticRoyalFoods CIN: L74899DL1990PLC041790 Corporate Office Address: Registered Office Address: 4th Floor, MVL I Park, Unit-134, 1st Floor, Rectangle-1, Saket District Sector – 15 Guru