Lt Foods Limited · NSE:LTFOODS
Lt Foods — Q1 FY24 Earnings Presentation
29 slides from Lt Foods's earnings presentation, Jul 28, 2023
Slide 1: Stock exchange cover letter
Ref-LTF/ SE/ 2023-24/ Date: July 28, 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 Si
Slide 2: Investor Presentation – Q1 FY24
LT Foods Limited Investor Presentation – Q1 FY24 July 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 Q1 FY24 Results Highlights Key Developments Strategy and Outlook ESG Framework and Goals Shareholding Pattern
Slide 5: Q1 FY24 Results Highlights
~Q1 FY24 ~~Results em Highlights
Slide 6: Q1 FY24 Segment Highlights (YoY)
Q1 FY24 Segment Highlights (YoY) Total Revenue 10% Basmati & Other Specialty Segment 24% Convenience & Health Segment -6% Organic Segment* -31% * Due to anti-dumping duty on Organic Soya imports in U.S. LT Foods Investor Presentation Q1 FY24
Slide 7: Q1 FY24 Key Highlights (YoY)
Q1 FY24 Key Highlights (YoY) REVENUE 10% EBITDA 27% Book Value Per Share (₹) ₹ 84.6 (from ₹ 70.3) EBIT 29% Return on Equity 19.2% (from 17.3%) PBT 29% Return on Capital Employed* 19.4% (from 17.7%) PAT 44% Cash Profit 39% * Normalized Return on Capital Employed – 20.1% LT Foods Investor Presentation
Slide 8: Q1 FY24 Financial Update
Q1 FY24 Financial Update ▪ Revenue up 10% y-o-y aided by Revenue Gross Profit EBITDA accelerated brand investments and scaling of distribution in Basmati & 10% 6% 27% Other Specialty Rice segment 1,789 572 604 224 176 ▪ Gross Profit up by 6% y-o-y & Gross 1,620 Profit margin contracted by 150 bps Q1
Slide 9: Segment Update – Basmati & Other Specialty Rice
Segment Update – Basmati & Other Specialty Rice Growing at a 3 Year CAGR of 13% Revenue International India 1,513 1,223 460 384 24% 839 1,053 Q1FY23 Q1FY24 Gross Profit & EBITDA & Margin Margin 37.0% 11.9% 12.9% 33.6% 508 195 145 453 12% 35% Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 All Figures in ₹ Crore unl
Slide 10: Segment Update – Organic Segment
Segment Update – Organic Segment Growing at a 3 Year CAGR of 10% Revenue & Growth* 240 -31% 166 Q1 FY23 Q1 FY24 Gross Profit & EBITDA Margin & Margin 34.7% 40.5% 10.4% 11.0% 25 84 18 67 -19% -27% Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 * Due to anti-dumping duty on Organic Soya imports in U.S. All Figures i
Slide 11: Segment Update – Convenience & Health Segment
Segment Update – Convenience & Health Segment Growing at a 3 Year CAGR of 30% Revenue & Growth 43 41 -6% Q1 FY23 Q1 FY24 Gross Profit & EBITDA Margin & Margin 31.9% 29.5% 14 12 -13% -3 -4 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 -8.1% -9.5% All Figures in ₹ Crore unless specified LT Foods Investor Presentati
Slide 12: Improving Working Capital Cycle
Improving Working Capital Cycle Debtors Days Debtors Amount (Rs. Cr) 511 52 41 349 380 40 36 26 29 259 19 21 185 14 134 77 30 37 India International Organic India International Organic Jun'22 Mar'23 Jun'23 Jun'22 Mar'23 Jun'23 Inventory Days Inventory (Rs. Cr) 2,0401,891 175 192 155 170 1,226 109 12
Slide 13: Key Developments
Key Developments LT Foods Investor Presentation Q1 FY24
Slide 14: Key Developments
Key Developments India ▪ Launched first-in-category, “Celebrating Rice Recipes” campaign with 4 creative renditions - Rajma Chawal, Kadhi Chawal, Biryani and Dal Chawal – aimed to communicate “Your favourite dishes deserve nothing but Daawat.” ▪ In another first-in-category, Daawat launched the ‘Bir
Slide 15: Daawat Biryani Champions League
Daawat Biryani Champions League Launched ‘Daawat Biryani Champions League’ to celebrate the Chefs who bring alive the delectable biryani ESG Committee at experiences to all the Biryani lovers”. Board Governance Board Structure & Independence ESG Embedded ESG linkage to Ambitions in Risk compensation
Slide 16: Strong Progress in Q1 FY24 in India backed by 360-Degree Marketing Campaigns
Strong Progress in Q1 FY24 in India backed by 360-Degree Marketing Campaigns EID Campaign Celebrating Rice Recipes Health Campaign on Brown Rice World's Longest Dal aur sirf Rajma aur sirf Kadhi aur sirf Basmati Grains for Daawat Basmati Daawat Basmati Daawat Basmati your Favourite Digital Campaign
Slide 17: Strategy and Outlook
Strategy and Outlook LT Foods Investor Presentation Q1 FY24
Slide 18: 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 Goal is to maintain our Debt/ generated for the growth in its EB
Slide 19: Strategic Priorities
Strategic Priorities Growth • Expanding our product Investing in portfolio, by introducing Capabilities new products to increase appeal across consumer segments. Margin Expansion • Digital Transformation • Entering in new • Create a Future Ready geographies and widening • Building economies of Being
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: Shareholding Pattern
Shareholding Pattern As on June 30, 2023
Slide 28: Shareholding Information
Shareholding Information Mutual Funds, 2.84% Fll, 6.48% Shareholder Information as on June 30 , 2023 BSE Ticker 532783 NSE Symbol DAAWAT Market Cap (₹ Cr)* 4,572 % Free- float 38.4% Free Float Market Cap (₹Cr) 1,755 Promoter, 51.00% Others, 39.68% Shares Outstanding (Cr) 34.7 Industry Consumer Food
Slide 29: 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 Sector – 15 Gurugram - 12