Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q1 FY24 Earnings Presentation
19 slides from Heritage Foods's earnings presentation, Aug 1, 2023
Slide 1: Stock exchange filing cover letter
Ref: SECT: STOC: 79-23 1st August, 2023 To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code:
Slide 2: Earnings Presentation Q1-FY24
Earnings Presentation Q1-FY24
Slide 3: Snapshot
2 Snapshot Fully Integrated Dairy Business Rich Legacy of 31 Years Highly Qualified and Experienced Leadership Wide Presence Across 11 States Team and Independent Board Strong Distribution Network with Strong Corporate Governance Standards Omni Channel Presence Net Debt Free +1.5 Mn Households Serve
Slide 4: Company Overview
3 Company Overview • Founded in 1992 with the objective to serve the farming community in India, Heritage Foods is India’s one of the leading Dairy companies. Consolidated Revenue (INR Mn) • Over the span of 3 decades, Heritage Foods has not only stayed true to its values and mission but 32,407 also
Slide 5: Product Portfolio
4 Product Portfolio Milk Value Added Products Animal Nutrition Fat Products Heritage Nutrivet – Subsidiary Yogurt - Mamie Yova Ice-creams Heritage Novandie – Joint Venture
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk and Milk Products Sales - 11 Milk Procurement - 9 States States Rai Telangana Maharashtra Kalluru Narket pally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru Bayyavaram B.Kothakota Vadamadurai Gokul Bobbili Batti
Slide 7: Future Growth Strategy
6 Future Growth Strategy Increase Milk Procurement: By investing Aspire to be Nationally recognized brand: For healthy & prudently in village level milk collection 5 fresh products while focusing on efficient capital infrastructure, bulk coolers, chilling centers. 1 management. Increase the share of
Slide 8: Q1-FY24 Financial Overview
Financial Overview Q1-FY24 Financial Overview Heritage Foods Limited 7
Slide 9: Q1-FY24 Consolidated Financial Highlights
8 Q1-FY24 Consolidated Financial Highlights Operational Highlights • The continued strong momentum in revenue growth was driven by Value added products (VAP) that registered a growth of 13.5% YoY to reach INR 3,221 Mn • Overall VAP including FAT products contribution reached 38.7% of dairy revenues
Slide 10: Q1-FY24 New Products Launches
9 Q1-FY24 New Products Launches Café Latte Café Mocha Strawberry Lassi Mango Lassi Sweet Lassi Paan Kulfi Roasted Cashew Sitaphal Gulkand Kulfi Ice Cream Ice cream
Slide 11: Quarterly Segmental Revenue
10 Quarterly Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 5,183 5,369 3,221 4,890 2,839 2,313 Q1-FY23 Q4-FY23 Q1-FY24 Q1-FY23 Q4-FY23 Q1-FY24 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 377 260 313 257 192 152 Q1-FY23 Q4-FY23 Q1-FY24 Q1-FY23 Q4-FY23 Q1-FY24
Slide 12: Quarterly Consolidated Financial Performance
11 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY24 Q4-FY23 Q-o-Q Q1-FY23 Y-o-Y Operating Income 9,237 8,176 13.0% 8,209 12.5% Expenses 8,834 7,757 13.9% 7,969 10.9% EBIDTA 403 419 (3.8)% 240 67.9% EBIDTA Margins (%) 4.36% 5.12% (76) Bps 2.92% 144 Bps Depreciation 146 146 -
Slide 13: Historical Financial Overview
Financial Overview Historical Financial Overview Heritage Foods Limited 12
Slide 14: Historical Consolidated Income Statement
13 Historical Consolidated Income Statement Particulars (INR Mn) FY20 FY21 FY22 FY23 Q1-FY24 Operating Income 27,259 24,731 26,813 32,407 9,237 Expenses 25,974 22,062 24,905 31,024 8,834 EBIDTA 1,284 2,669 1,908 1,383 403 EBIDTA Margins (%) 4.71% 10.79% 7.12% 4.27% 4.36% Depreciation 501 462 522 562
Slide 15: Historical Consolidated Balance Sheet
14 Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 Equity And Liability Assets Equity Share Capital 232 232 464 Non-Current Assets Property, Plant and Equipment 5,714 5,705 6,133 Reserve and Surplus 5,726 6,344 6,795 Capital WIP 157 74 19
Slide 16: Historical Consolidated Financial Performance
15 Historical Consolidated Financial Performance Revenue (INR Mn) & Gross Margins (%) EBITDA (INR Mn) & Margins (%) PAT (INR Mn) & Margins (%) 32,407 3000 2,669 2000 27,259 26,813 1,483 25,148 2500 1500 826 961 24,731 1,851 1,908 3.28% 6.00% 2000 1000 580 167 3.58% 1,285 1,383 500 1500 0 1.79% 1.81%
Slide 17: Capital Market Data
16 Capital Market Data 1 Year Stock Performance up to 30th June, 2023 Market Data as on 30th June, 2023 90% Shareholder % Shareholding 70% 50% Face Value 5.0 30% 10% CMP 210.2 -10% -30% 52 Week H/L 222.5 / 129.2 -50% -70% Market Capitalization (Mn) 19,505.7 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
Slide 18: Disclaimer
17 Disclaimer Heritage Foods Limited: The information contained in this presentation is provided by Heritage Foods (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation
Slide 19: Thank You
Thank You