Mrs. Bector's Food Specialities Ltd. · NSE:BECTORFOOD
Mrs. Bector's Food Specialities — Investor Presentation (August 2024)
33 slides from Mrs. Bector's Food Specialities's investor presentation, Aug 16, 2024
Slide 1: Intimation of institutional investor meeting
MBFSL/CS/2024-25 16th August, 2024 To, To, Department of Corporate Relations, National Stock Exchange of India Ltd, BSE Limited, Exchange Plaza, C- 1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai– 400051 Scrip Code: 543253 Scrip Symbol
Slide 2: Investor Presentation Aug 2024
}}} Investor Presentation Aug 2024
Slide 3: Agenda
Agenda • Company Overview • Industry Tailwinds • Key Investment Highlights • Financial Summary • Annexure }}} 2
Slide 4: Mrs. Rajni Bector, a mother who inspired millions
Mrs. Rajni Bector, a mother who inspired millions Mrs. Rajni Bector conferred with Padma Shri for her contribution to trade and industry in 2021 MRS. RAJNI BECTOR FOUNDER OF THE COMPANY ‘Hall of Fame 2010, The ‘Outstanding Women ‘Woman of Excellence’ from FICCI Organization, Felicitated by SBI for h
Slide 5: Journey through the Years
Journey through the Years • Investment from Jade STARTED • Commenced Khopoli (West) bakery Dragon (Mauritius) Limited OPERATIONS IN 2007 2006 WEST INDIA • Entered into an agreement with Cadbury India Limited for manufacturing Oreo biscuits 2010 • Acquisition of stake by IL&FS Trust Company BRAND SEP
Slide 6: Mrs Bectors at a Glance
Mrs Bectors at a Glance Business Segments Product Category Revenue Mix (Q1 FY25) DOMESTIC Biscuits BISCUITS EXPORTS Biscuits Leading Players in the Branded Biscuit Segment 62% + Private Label BAKERY QSR/HORECA Developed the brand "English Oven" for the Branded breads HRPL REBEL Breads & bakery produ
Slide 7: Leadership Team
Leadership Team Mr. Anoop Bector (Managing Director) Mr. Ishaan Bector (Whole-Time Director) 30+ years of corporate experience in building B2B as 15+ years of experience in leading the Bakery Business. well as B2C businesses with specialist knowledge of Strong knowledge of supply chain and marketing
Slide 8: Agenda
Agenda • Company Overview • Industry Tailwinds • Key Investment Highlights • Financial Summary • Annexure }}} 7
Slide 9: India's consumption led growth story continues
India’s consumption led growth story continues India’s growth story continues amidst global slowdown with continued easing of Retail Inflation India’s Real GDP Growth Rate Household Annual Earning Details (FY) 0.5% 1.3% 1.8% 3.0% 5.8% 8.2% 17.9% 30.6% 33.5% 7.0% 42.0% 6.5% 42.5% 40.7% 75.8% 37.0% 3.
Slide 10: Immense Industry Potential in the Biscuit Market
Immense Industry Potential in the Biscuit Market Growth in Biscuit Market (Rs. Bn.) Low per capita consumption on biscuits (Rs) 903 4,333 “Per capita consumption of biscuits in 10% India has significantly increased 2,972 in the last 5 years 551 9% 2,209 However, it is far behind developed 363 econom
Slide 11: Bread & Bakery segments experiencing robust growth
Bread & Bakery segments experiencing robust growth Indian Breads & Buns Market (Rs. Bn.) QSR Chain Market (Rs. Bn.) 103 886 11% 19% Key Growth Drivers 6% 62 • Indian Bread Market is 47 375 expected to grow at 11% 18% over the next 5 years 162 • QSR chain market expected to grow at a CAGR of 19% aide
Slide 12: Agenda
Agenda • Company Overview • Industry Tailwinds • Key Investment Highlights • Financial Summary • Annexure }}} 11
Slide 13: Key Investment Highlights
Key Investment Highlights Cremica - Leading Biscuit Brand Advanced and Modern in North India, fast expanding to Manufacturing Facilities with other geographies Automated Systems A Formidable Player in Exports of Leveraging Technology to Support Biscuits Business Growth & Excellence English Oven – On
Slide 14: Cremica - Leading Brand in North India, fast expanding
Cremica - Leading Brand in North India, fast expanding to other geographies 550K+ *Outlets across North India Range Of Cookies, Creams, Digestives, Marie And Crackers 70 million packs of biscuits in a month Strong Multi Channel Premiumization (> Rs 150/- per kg) Distribution Network* % of Total Sale
Slide 15: Cremica, catering to all need segments & price points
Cremica, catering to all need segments & price points Key Growth Strategy Marketing Strategy Mass Media (Build Reach) ✓ Continued focus on increasing the share of premium products ✓ Focus on developing niche products and more nutritious variants ✓ Well positioned to capitalize on the growth opportun
Slide 16: Leading exporter of Biscuits; Strong partnership with top Global retailers
Leading exporter of Biscuits; Strong partnership with top Global retailers 70+ Bouquet of unique international offerings Overall Number of Countries Catered Pillars of B2B Business Africa, America, Australasia, Europe, Far East, GCC & MENA Branded v/s Private Label – Volume Share 44% 56% Trust Quali
Slide 17: Leading exporter of Biscuits; Strong partnership with top Global retailers
Leading exporter of Biscuits; Strong partnership with top Global retailers Growth of Tin Butter Cookies on the Key Growth Strategy back of Consistent High Quality Brand Visibility and Consumer Emersion in 4.2x Identified Markets ✓ Exports growing significantly faster than 3.0x India’s export growth
Slide 18: English Oven – Leading Premium Bakery brand with Pan India ambition
English Oven – Leading Premium Bakery brand with Pan India ambition Trust More than 150 SKUs across Breads, Western and Indian Bakery Premium Extensive Range Branded v/s Unbranded Market Well Positioned to be a Pan India Player Distribution for Best-in-Class Freshness Strong Emerging Planned 36% 39%
Slide 19: English Oven – Upgrading Consumers with "World Class" Offerings
English Oven – Upgrading Consumers with “World Class” Offerings Key Growth Strategy Product Strategy Marketing Strategy International/Gourmet ✓ English Oven is an Innovative, Premium Bakery Brand Targeted Digital Campaigns ✓ Plans to introduce new category of products including ‘frozen buns’, ‘desse
Slide 20: Largest & Most trusted QSR Partner
Largest & Most trusted QSR Partner Key Success Factors Foray into Frozen Company is well positioned to capitalize on the growth opportunity in the Need for High Quality Bakery Offerings with robust Supply Chain institutional bakery business by leveraging its dedicated manufacturing as- facilities an
Slide 21: Future Ready Production | Capacity Utilization
Future Ready Production | Capacity Utilization Capacity Utilization* Manufacturing facilities: Biscuits Manufacturing facilities: Breads & Buns Biscuits Bakery Upcoming manufacturing facility Tahliwal, Himachal 88% 70% Phillaur, Punjab Rajpura, Punjab Bhiwadi, Rajasthan Greater Noida, UP Average Ave
Slide 22: Leveraging Technology to Support Business Growth & Excellence
Leveraging Technology to Support Business Growth & Excellence Support Business Enhanced Expansion Security Robust Supply Chain & Sales and Distribution Manufacturing Key Verticals • Continuous Upgrade of Technology Backbone - SAP, Cloud • Automation from Front End to Back End to Enable real • Enable
Slide 23: Embedding 'ESG' core to our business strategy
Embedding ‘ESG’ core to our business strategy ESG Purpose: Serving high Quality Taste and Nutrition ‘Responsibly’ Engaged with stakeholders across Customers Employees Investors Suppliers E Waste Management, Emissions and Energy, Human Rights, and Sustainable Agriculture and Sourcing, Water Managemen
Slide 24: Growing with the Community – under "Goodness Together" Initiative
Growing with the Community – under “Goodness Together” Initiative Under “Goodness Together”, we continuously look for every opportunity to develop the community around us School Infrastructure Mobile Health Camps Hospital Infra Development Women’s Health & Hygiene Facility for Technical skills Devel
Slide 25: Agenda
Agenda • Company Overview • Industry Tailwinds • Key Investment Highlights • Financial Summary • Annexure }}} 24
Slide 26: Consolidated Historical Financials
Consolidated Historical Financials Revenue (Rs. Mn.) EBITDA (Rs. Mn.) PAT (Rs. Mn.) 16,239 1,404 2,424 13,621 9,882 1,752 901 1,225 571 4,394 640 354 FY22 FY23 FY24 Q1 FY25 FY22 FY23 FY24 Q1 FY25 FY22 FY23 FY24 Q1 FY25 Gross Profit Margins EBITDA Margins PAT Margins 14.9% 14.6% 48.0% 8.6% 12.4% 12.9
Slide 27: Consolidated Segment Performance Highlights
Consolidated Segment Performance Highlights Revenue from Operations* (Rs. Mn.) Segment Wise Revenues (Rs. Mn.) Biscuit Segment Bakery Segment 4,394 2,729 3,742 1,540 2,226 1,355 3,008 1,784 1,072 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY23 Q1 FY24 Q1 FY25 26
Slide 28: Agenda
Agenda • Company Overview • Industry Tailwinds • Key Investment Highlights • Growth Strategy • Financial Summary }}} • Annexure 27
Slide 29: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit & Loss Statement (Rs. Mn.) FY24 FY23 FY22 Revenue from Operations 16,239 13,621 9,882 Cost of Materials Consumed 8,336 7,377 5,360 Purchase of stock-in-trade 406 238 156 Changes in Inventories of Finished Goods and Work in Progress -81 -74 -5 Gross Profit
Slide 30: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet EQUITY AND LIABILITIES (Rs. Mn.) 31-Mar-24 31-Mar-23 31-Mar-22 Equity Equity share capital 588 588 588 Other equity 6,041 4,855 4,102 Total equity 6,629 5,443 4,690 Non-current liabilities Financial liabilities (i) Borrowings 1,490 940 880 (ii) Lease liabilities
Slide 31: Consolidated Historical Balance Sheet
Consolidated Historical Balance Sheet ASSETS (Rs. Crs.) 31-Mar-24 31-Mar-23 31-Mar-22 Non-current assets Property, plant and equipment 4,916 4,076 3,914 Capital work-in-progress 944 487 119 Right-of-use assets 319 182 192 Goodwill 4 4 4 Other intangible assets 1 1 2 Equity accounted investment 37 36
Slide 32: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) FY24 FY23 FY22 Cash Flow from Operating Activities Profit before Tax 1,883 1,207 757 Adjustment for Non-Operating Items 614 613 465 Operating Profit before Working Capital Changes 2,497 1,820 1,222 Changes in Working Capital -472 118 -1
Slide 33: Thank You
Lets ‘bake’ the world a better place ! }}} THANK YOU
Mrs. Bectors Food Specialities — Investor Presentation (August 2024) on 6ix