Foods & Inns Ltd. · NSE:FOODSIN
Foods & Inns — Q1 FY2024 Earnings Presentation
32 slides from Foods & Inns's earnings presentation, August 2023
Slide 1: Investor Presentation – Aug’23
Investor Presentation – Aug’23
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Foods & Inns (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, and s
Slide 3: Table Of Content
Table Of Content 01 02 Q1FY24 Highlights Company Overview 03 04 Business Verticals Financials Foods & Inns | Q1FY24 Presentation 3
Slide 4: Q1FY24 Highlights
Q1FY24 Highlights
Slide 5: Robust Performance Continued In Q1FY24
Robust Performance Continued In Q1FY24 Total Income (Rs Cr) EBITDA (Rs Cr) & Margin (%) PAT (Rs Cr) & Margin (%) 40 31% 11.8% 35 30 8.3% 16 4.9% 25 14 20 12 3.2% 291 34 10 15 8 221 6 14 10 18 4 7 5 2 0 0 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Revenue Mix (%) Total Sales (MT) 30,880 11% 13% Domest
Slide 6: Key Business Updates
Key Business Updates • Received 1st tranche of incentives under the Production Linked Incentive (PLI) scheme for FY22, amounting to Rs 9.71 Cr. The committed capex has been completed and sales revenue targets have been achieved for FY22 and FY23. The total PLI incentives expected including the 9.71c
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) Q1FY24 Q1FY23 YoY Q4FY23 QoQ FY23 YoY Revenue from Operations 288 220 331 996 Other Income 2 1 2 6 Total Income 291 221 31.5% 334 -12.9% 1,002 56.8% Raw Material Costs 413 324 152 791 Changes in inventories -213 -172 103 -90 Employee Expenses 11 9 11 40
Slide 8: Key Focus Area For Growth
Key Focus Area For Growth 01 02 03 04 Core Business of Restructured Market Expansion Sustainability Pulping Brand Portfolio Continuously adding The Pectin Project: Continued focus on newer geographies, Investing in setting up a Focus on growing brand capitalizing on the growing newer value-added man
Slide 9: Company Overview
Company Overview
Slide 10: Pioneer In High-quality Food Processing
Pioneer In High-quality Food Processing Foods and Inns is recognized as one of India’s largest processor and exporter of processed fruit & vegetable products. We primarily manufacture and sell a variety of processed tropical Fruit & Vegetable Pulps, Purees, Spices, Spray Dried Powders, Frozen Food,
Slide 11: Our Growth Story
Our Growth Story 1980 2000 2019 2023 Acquisition of fruit canning First company to introduce Acquisition of branded spice New Tetra Recart facility in Gujarat line in Valsad, Gujarat from mono block PLC and multi- company Kusum Masala, foray Coca-Cola India. tube sterilizers for high flavor into B2C
Slide 12: 7 State-of-the-Art Self Owned Facilities
7 State-of-the-Art Self Owned Facilities State District/City Product Line Aseptic Gonde, Nashik* Spray Drying Spices Maharashtra (2 owned + 1 leased) Sinnar, Nashik Frozen Foods Aseptic Ahmednagar (leased) Concentrate Aseptic Valsad Canning Gujarat (2 owned units) Aseptic Vankal Tetra Recart Frozen
Slide 13: Product-wise Capacity Details
Product-wise Capacity Details State Location Product Line Capacity (MT/Hr) Aseptic 8 Spray Drying 0.25 Spice Plant: Nashik - Gonde Blending 1.50 Grinding 1.00 ETO 0.50 Maharashtra Nashik - Sinnar Frozen Vegetables 0.7 Frozen Snacks 0.5 Frozen Breads 0.25 Frozen Puree 2 Ahmednagar (Leased plant) Asep
Slide 14: Upcoming Facility to Manufature Pectin – Beyond Mango
Upcoming Facility to Manufature Pectin – Beyond Mango Pectin is used extensively in beverages, jellies, smoothies, jams etc. as a product/acid stabiliser. When Pectin is heated, along with a liquid, it expands and forms a thick gel. Key industried that use pectin include like Food & Beverages, Pharm
Slide 15: Quality Control Certifications And Processes Act As Entry Barriers
Quality Control Certifications And Processes Act As Entry Barriers Foods & Inns | Q1FY24 Presentation 15
Slide 16: Marquee Customers and Well-Diversified Market Presence
Marquee Customers and Well-Diversified Market Presence Market-Wise Revenue share in FY23 1.1% 0.7% 0.1% 0.5% 1.5% 4.6% 4.8% 5.4% US Canada UK Europe 13.8% Middle East India China 6.6% Rest of Asia New Zeland Russia 60.9% Africa Foods & Inns | Q1FY24 Presentation 16
Slide 17: Experience Management With Oversight By Strong Board
Experience Management With Oversight By Strong Board Mr. Bhupendra Dalal Chairman Non-Executive, Non-Independent Director Holds a degree of B.Com & L.L.B. worked towards acquisition of fruit canning plan at Valsad built by Coca-Cola Corporation. F&I changed its course to become a major force in frui
Slide 18: Sustainability Agricultural Initiative
Sustainability Agricultural Initiative Sustainable agriculture entails environmental protection, responsible farm management and human and workplace rights. We have run programs with the IDH (Sustainable Trade Initiative) of the Netherlands to help smallholder mango farmers produce more sustainably
Slide 19: Assisting the farmer community
Assisting the farmer community The Nisarg Cyclone devastated the northern part of Ratnagiri and the southern part of the Raigad districts in the Konkan region of Maharashtra. The cyclone destroyed mango crops, plantations, orchards, agriculture, and human settlements in the area. The people were lef
Slide 20: Consistent Growth In Revenue And Profitability
Consistent Growth In Revenue And Profitability Total Income (Rs Cr) EBITDA (Rs Cr) Profit After Tax (Rs Cr) 10.1% 4.7% 8.9% 2.4% 1002 8.5% 102 1.0% 47 629 57 381 32 15 4 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Working Capital (Days) ROE & ROCE (%) Debt/Equity (times) 18.8% 13.5% 1.2 10.5% 1 0.8
Slide 21: Business Verticals
Business Verticals
Slide 22: Fruits And Vegetable Pulping
Fruits And Vegetable Pulping ▪ Mango Pulp is the mainstay of the Company – contributing to over 82% of Revenues in FY23 o Well established business with processing a wide variety of mangoes like Alphonso, Kesar, Totapuri etc. extending the pulping season o Caters to the needs of the largest Fortune
Slide 23: Spray Drying
Spray Drying What we do: Conversion of fruits & vegetables from Liquid form to high-quality Powder form, having low moisture content, enhancing shelf life. Doubled capacity in Mar-23; Expecting robust demand Customers: B2B (mainly Domestic) Vegetable Fruit Natural Dairy Specialty Powders Powders Col
Slide 24: Frozen Food
Frozen Food What we do: Ingredients are contract grown, washed, sorted, cut, blanched and frozen by IQF, Spiral Freezers or Blast Freezers Business Model: Export Oriented Customers: Food Service, Retailers, Private Labels Individually Quick Frozen (IQF) Innovation Frozen Foods & Snacks Typical Usage
Slide 25: Spices & Masala
Spices & Masala Kusum Spices: Legacy of over 50 years of selling Indian Spices and operates on four strong pillars of strength- Purity, Quality, Innovation and Service Business Model: Domestic + Export Customers: B2B / B2B2C / B2C GROUND WHOLE 70+ Products in Ground, Whole and Blended Spices categor
Slide 26: Emerging Verticals For FNI
Emerging Verticals For FNI B2C: Via Restructured Brands ▪ Consolidated our strategy and will market our consumer division products under the brand Greentop, Kusum, and Madhu to house an interesting range of products in the vertical of frozen food, plant-based high-protein foods, fruit and vegetable
Slide 27: Annual Financials
Annual Financials
Slide 28: Operational Highlights
Operational Highlights Total Sales (MT) Total Sales Mix (MT) Revenue Break-up (Rs Cr) Domestic Export Total Mango Pulp Other Products Pulping Other Products 103467 90 18% 78379 26% 25% 25% 81 75% 46220 906 69% 82% 74% 75% 75% 68 550 297 44% 39% 25% FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY21 FY22 FY23 R
Slide 29: Profit & Loss Highlights
Profit & Loss Highlights Consolidated (Rs Cr) FY21 FY22 FY23 2 YR CAGR (%) Revenue from Operations 371 632 996 Other Income 11 6 6 Total Income 381 639 1,002 62% Raw Material Costs 227 481 791 Changes in inventories 16 -69 -90 Purchases of Stock-in-Trade 1 0 0 Employee Expenses 23 31 40 Other Operat
Slide 30: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Cr) Mar-21 Mar-22 Mar-23 Assets (Rs Cr) Mar-21 Mar-22 Mar-23 Total Equity 182 197 312 Non-Current Assets 160 211 256 Share Capital 5 5 5 Plant, Property & Equipment 113 111 156 Other Equity 177 192 307 Right of use of Assets 0 8 5 Non-Current Liabilities 13 5
Slide 31: Share Price Information
Share Price Information 225 5,000 200 4,500 175 4,000 Volumes in ‘000s 150 3,500 Price in Rs 3,000 125 2,500 100 2,000 75 1,500 50 1,000 25 500 0 0 Aug-22 Sep-22 Oct-22 Oct-22 Nov-22 Dec-22 Jan-23 Jan-23 Feb-23 Mar-23 Apr-23 May-23 May-23 Jun-23 Jul-23 Aug-23 Volume (# Shares) Share Price (INR) Capi
Slide 32: Let’s Connect
Let’s Connect Mr Anand Krishnan Chief Financial Officer Foods & Inns Ltd. Phone: +91 22 22613102 anand@foodsandinns.com Pooja Sharma / Suyash Samant Stellar IR Advisors Pvt. Ltd. Investor Relations Phone: +91 22 62398024 pooja.sharma@stellar-ir.com suyash@stellar-ir.com Foods & Inns | Q1FY24 Present