Parag Milk Foods Ltd. · NSE:PARAGMILK
Parag Milk Foods — Q4 FY2016 Earnings Presentation
22 slides from Parag Milk Foods's earnings presentation, June 2016
Slide 1: Q4 & FY16 Results Update Presentation
Parag Milk Foods Emerges as Fortune India's 'Next 500‘ Company PARAG MILK FOODS LIMITED Q4 & FY16 RESULTS UPDATE PRESENTATION JUNE 2016
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and the following discussion may contain “forward looking statements” by Parag Milk Foods Limited (“Parag Milk”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financi
Slide 3: Discussion Summary
DISCUSSION SUMMARY Q4 & FY16 RESULTS COMPANY OVERVIEW ANNEXURE HIGHLIGHTS 3
Slide 4: Discussion Summary: Company Overview
DISCUSSION SUMMARY Q4 & FY16 RESULTS COMPANY OVERVIEW ANNEXURE HIGHLIGHTS 4
Slide 5: About Us: Brief Profile
COMPANY OVERVIEW ABOUT US: BRIEF PROFILE Strong Promoter Pedigree with over 2 decades of rich industry experience. Incorporated in 1992, with collection and distribution of milk , we have now developed into a dairy-based branded FMCG company with an integrated business model. BUSINESS Diversifie
Slide 6: Product Innovation – Key to Our Success Story
COMPANY OVERVIEW PRODUCT INNOVATION – KEY TO OUR SUCCESS STORY Strong Thrust On R&D Capabilities To Pioneer Developing Of New Exciting Whey proteins Products Sachet packs of ghee Buttermilk in southern spices variant Go Badam Milk 2015 Go Almette Creamed Cottage One of a kind premium quali
Slide 7: Differentiated Brand & Product Portfolio
COMPANY OVERVIEW DIFFERENTIATED BRAND & PRODUCT PORTFOLIO Brands Products Target Customer Group Fresh Milk Butter Curd Milk powder Targeted at house-hold consumption and Ghee Whey to be used as cooking ingredients proteins Paneer Cheese Products UHT milk Targeted at children an
Slide 8: Integrated Business Model - Strong Relationships Across the Value Chain
COMPANY OVERVIEW INTEGRATED BUSINESS MODEL - STRONG RELATIONSHIPS ACROSS THE VALUE CHAIN 2 dairy plants at Manchar (West), Palamaner Pan-India presence through both traditional & 100% cow milk (South) modern trade channels Milk procurement in 29 districts Installed milk processing capacity
Slide 9: Extensive Sales, Marketing & Distribution Network
COMPANY OVERVIEW EXTENSIVE SALES, MARKETING & DISTRIBUTION NETWORK Well entrenched Pan-India distribution Enormous Potential to grow in India Network Pan-India Distribution network 15 depots, 104 super stockists, 3000+ distributors Dedicated sales and Marketing team comprising of 560 personnel1
Slide 10: World Class Manufacturing Facilities
COMPANY OVERVIEW WORLD CLASS MANUFACTURING FACILITIES Dairy Farming Processing Facilities 10
Slide 11: Areas of Strategic Focus
COMPANY OVERVIEW AREAS OF STRATEGIC FOCUS Focus on Health & Nutrition Increase Our Value-added Product Portfolio Offer wider range of farm-to home products Introduce healthy & nutritious product under ‘Pride of Cows’ variants like milk based high protein drinks (Topp Up, Focus on health & nu
Slide 12: Shareholding Summary
COMPANY OVERVIEW SHAREHOLDING SUMMARY Category (as on 17th May 2016) No. Of share holders % Holding Key Investors (as on 17th May 2016) % Holding Promoters 3 28.33% Tata Balanced Fund 4.19% Promoter Group 8 19.15% Macquarie Emerging Markets 3.71% Key Management Personnel 1 0.00% Nomura India Investm
Slide 13: Discussion Summary: Q4 & FY16 Results
DISCUSSION SUMMARY Q4 & FY16 RESULTS COMPANY OVERVIEW ANNEXURE HIGHLIGHTS 13
Slide 14: Result Analysis: Segment Wise Revenue Mix
Q4 & FY16 RESULT ANALYSIS SEGMENT WISE REVENUE MIX Q4 FY16 YoY ANALYSIS FY16 YoY ANALYSIS Milk Procurement Domestic v/s Exports % Growth FY15 -2% 3% 10.2 10.0 Q4 FY15 Q4 FY16 97% Milk Procurement (lakh lpd) FY16 YoY ANALYSIS Domestic Exports Milk Procurement FY16 % Growth % Growth 2% -32% 10.6 10.4
Slide 15: Results: Key Highlights
Q4 & FY16 RESULTS: KEY HIGHLIGHTS Q4 FY16 YoY ANALYSIS EBITDA & EBITDA MARGIN PAT & PAT MARGIN 4.6% 3.9% 8.3% 9.6% 161 161 38% 399 0% 289 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 PAT PAT Margin % EBITDA EBITDA Margin % FY16 YoY ANALYSIS EBITDA & EBITDA MARGIN PAT & PAT MARGIN 2.9% 9.0% 7.4% 2.2% 473 1,476 38
Slide 16: Product Wise Revenue Break-up
Q4 & FY16 PRODUCT WISE REVENUE BREAK-UP Q4 FY16 YoY ANALYSIS – REVENUE BREAKUP FY16 YoY ANALYSIS – REVENUE BREAKUP 66 387 73 -10% 357 10% 55% 2,754 33% 11,059 1,782 8,338 9% 17% 740 2,555 805 2,990 868 -40% 3191 -37% 517 2015 Q4 FY15 Q4 FY16 FY15 FY16 Skimmed Milk Powder Fresh Milk Skimmed Milk Powd
Slide 17: Results: Key Highlights
Q4 & FY16 RESULTS: KEY HIGHLIGHTS Revenues grew by 19.6% YoY from Rs 3,463 mn in Q4 FY15 to Rs 4,142 mn in Q4 FY16 Growth was largely driven by Milk products as their share in total revenues grew from Revenues 51% in Q4 FY15 to 66% in Q4 FY16 Fresh Milk Revenue witnessed healthy growth during Q4
Slide 18: Consolidated Profit & Loss Statement
Q4 & FY16 RESULT FINANCIALS CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (In Rs Mn) Q4 FY16 Q4 FY15 YoY % FY16 FY15 YoY% Revenue from Operations 4,142 3,463 19.6% 16,451 14,441 13.9% Raw Material Costs 2,840 2,375 19.6% 11,776 10,616 10.9% Employee Expenses 193 168 15.4% 701 572 22.5% Other Expe
Slide 19: Consolidated Balance Sheet
Q4 & FY16 RESULT FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (In Rs Mn) FY16 FY15 Particulars (In Rs Mn) FY16 FY15 Equities & Liabilities Assets Share Capital 704 160 Non-Current Assets Reserves & Surplus 2,915 1,079 Fixed Assets 3,726 3,194 Shareholder's Funds 3,619 1,239 Tangible assets 3,44
Slide 20: Discussion Summary: Annexure
DISCUSSION SUMMARY Q4 & FY16 RESULTS COMPANY OVERVIEW ANNEXURE HIGHLIGHTS 20
Slide 21: India's Favourable Dynamics Offer Huge Opportunities
India’s Favourable Dynamics Offer Huge Opportunities Middle class households to grow from 255 million in 2015 to 586 million Rising middle in 2025 at a CAGR of 8.7% class population Simultaneously, the working population will increase from 826 million in 2015 to 988 million by 2030 Rising inco
Slide 22: Thank You
FOR ANY FURTHER QUERIES CONTACT - THANK YOU THANK YOU THANK YOU Mr. Mandar Kapse - IR Consultant Mr. Bharat Kedia Email: mandar.kapse@dickensonir.com Chief Financial Officer Contact No: +91 9867550004 Email: bharat.kedia@paragmilkfoods.com Contact Number: 022 4300 5555 Mr. Yashesh Parekh - IR Consul