Slide 1: Q1 FY22 - Results Presentation
Q1 FY22 - Results Presentation August 2021
Slide 2: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 3: Contents
Contents Q1 FY22 Results 4 Company Overview 15 Industry Overview 28 3
Slide 4: Q1 FY22 Results
Q1 FY22 Results 4
Slide 5: Financial Overview
Financial Overview In Q1 FY22 (YoY basis) Revenue of Rs. 2,796.2 million, registering growth of 42.9% yoy Operating EBITDA of Rs. 110.8 million, higher by 34.5% yoy PAT stood at Rs. (15.9) million EPS (Diluted) stood at Rs. (0.68) per share 5
Slide 6: Operational Overview
Operational Overview Delivered a robust performance during the quarter despite the severe second wave of the pandemic o Witnessed a recovery in revenues driven by actions taken by the Company o Used the learnings from last year to be better prepared to face the disruptions and overcame challenges
Slide 7: Operational Overview
Operational Overview Creating hubs within close proximity of key markets to facilitate streamlined distribution and enhance cost efficiencies o Have set up manufacturing facility in Kolkata which will serve as a hub for the Eastern region Continuing to face high volatility in key raw materials,
Slide 8: Levers for Top Line growth
Levers for Top Line growth Unlocking of Improved Restrictions Distribution Reach Key sales points like railway stations, bus stations, Focusing on tele-calling and leveraging on startups to markets and highways witnessing subdued activity improve distribution and faster replenishments Re-openi
Slide 9: Measures To Enhance Profitability and Returns
Measures To Enhance Profitability and Returns Bottom slicing Identified reasons for lower volumes and worked on levers to Compressing of Distribution enhance the same Structure Discontinued products that yielded lower margins which will PSL is implementing direct distribution also lead to lowe
Slide 10: MD & CEO's Message
MD & CEO’s Message Commenting on Q1 FY22 performance, Mr. Amit Kumat - Managing Director & CEO, Prataap Snacks Limited said: “We have delivered a robust performance despite the severe second wave of the pandemic in India. The learnings of the past year had made us better prepared to face the disrupt
Slide 11: Abridged P&L Statement
Abridged P&L Statement Y-o-Y Particulars Q1 FY’22 Q1 FY’21 Change (%) Income from Operations 2,796.2 1,957.4 43% Raw Material Cost 2,125.4 1,405.2 51% Gross Profit 670.8 552.2 21% Gross Margins % 24.0% 28.2% - 420 Bps EBITDA 110.8 82.4 34% EBITDA Margins % 4.0% 4.2% - 20 Bps Depreciation 131.1 159.5
Slide 12: Financials – Q1 FY22 Performance
Financials – Q1 FY22 Performance Income From Operations Gross Margin (%) Gross Margin Margin (%) 2,796.2 42.90% 28.20% 1,957.4 24.00% 552.2 670.8 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 ▪ Income from operations in Q1 FY22 grew by 42.9%, stood at Rs.2,796.2 mn, ▪ Gross margin was resilient at 24.0% in Q1 FY2
Slide 13: Financials – Q1 FY22 Performance
Financials – Q1 FY22 Performance EBITDA Margin (%) PAT Margin (%) Q1 FY21 Q1 FY22 4.20% 4.00% -59.6 -15.9 -1.00% 82.4 110.8 -3.00% Q1 FY21 Q1 FY22 ▪ EBITDA for Q1 FY22 stood at Rs. 110.8 mn, marginal improvement despite pressure in Gross Margin ▪ Profit after Tax for Q1 FY22 stood at Rs. (15.9) mill
Slide 14: Financials – Q1 FY22 Performance
Financials – Q1 FY22 Performance Cash Profit Cash EPS (in Rs.) 108.9 4.6 82.7 3.5 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 ▪ The Company follows a conservative accounting policy and is amortizing intangible assets of Avadh Snacks CONSOLIDATED FINANCIALS, IN RS. MILLION EXCEPT AS STATED 14
Slide 15: Company Overview
Company Overview 15
Slide 16: Prataap Snacks at a Glance
Prataap Snacks at a Glance Over Approx SKUs Manufacturing packets sold 7 year revenue Facilities* per day CAGR Over Reach of over Retail In Rings Super Stockists Distributors Touchpoints 16 *[7 Inhouse plants and 6 contract manufacturing units (3P)]
Slide 17: Diverse Product Portfolio
Diverse Product Portfolio CUP CAKE, RINGS, KURVES & NAMKEEN & POTATO CHIPS CHULBULE NAMKEEN PELLET SNACKS TIFFIN CAKE & PUFF FRYUMS SANDWICH CAKE Potato based Rice grit & Corn grit Gram and Wheat based Cake Namkeen snack Corn grit based snack other lentils SKUs: 5 variations and Fryu
Slide 18: Avadh Snacks
Avadh Snacks Product Portfolio Fastest growing and fourth Namkeen Fryums largest snacks player in Gujarat ~6% market share in Gujarat, one of the largest market 25% revenue CAGR over the past 5 years Key Products: Bhavnagri Gathiya, Sada Key Products: Tomato Cup, Salted reffil, Mamra, Papdi Gathiya,
Slide 19: Avadh Snacks - Unique Business model & Expansion plans
Avadh Snacks - Unique Business model & Expansion plans Business Model Expansion plans Avadh has a Unique Business model •Super Value Player offering higher Increased capacity of value for Money to consumers. Rajkot facility by 50% in Q1 FY21 Pan India Direct Distribution model expansion To expand Av
Slide 20: Sweet Snacks Portfolio
Sweet Snacks Portfolio Center Filled Choco Vanilla Sandwich Cookie-Cake Yum Cake Tiffin Cake Cup Cake Cake Cake SKU's - 3 SKU's - 2 SKU's - 1 SKU's - 1 SKU's - 1 SKU's - 3 Target Target Target Target Target Target group - group - group - group - group - group - Youth and Youth and Youth
Slide 21: Track Record of Innovation
Track Record of Innovation Launched Launched Nachos, and Launched Launched Plain Cut Kurves Yum Cake, Cup Cake, Chips, Introduction Launched Cookie Rusk, Tiffin Cake of Seven Yum-Pie, a Cake and and Puchka Wonders variety of Choco Sandwich range of sweet snacks, Vanilla Cake Introduction under Rich
Slide 22: Key Milestones
Key Milestones Launched Plain Guwahati new plant Entered into 3P Cut Chips Sequoia’s initial Contract Doubled the commissioned investment of Rs. Manufacturing Rusk capacity of Potato Prakash Snacks 620 mn in Karjat & Installed Chips plant at Conversion of incorporated. Prataap Snacks Introduction of
Slide 23: Pan India Presence
Pan India Presence Strategically located Manufacturing facilities to cater the regional demand No. of Facilities Products 1 Hissar 1 – Contract Facility Extruded Snacks, Pellets, Chulbule No. of Facilities Products Kashipur 1 - Contract Facility Chips, Namkeen, Pellet 10 1 5 Indore No. of Facilities
Slide 24: Guided by an Accomplished Board
Guided by an Accomplished Board Arvind Mehta Chairman & Executive Director Over 32 years of experience in real estate business along with over 17 years in the snacks Vineet Kumar Kapila food industry and in the financing business Independent Director Ex-COO (RPC North of United Spirits) & earlier Mr
Slide 25: Helmed by a Professional Management Team
Helmed by a Professional Management Team Mr. Arvind Mehta Over 32 years of experience in real estate business along with over 17 years in the Chairman & Executive snacks food industry and in the financing business Director Corporate functions Mr. Amit Kumat Managing Director and Chief Over 25 years
Slide 26: Helmed by a Professional Management Team
Helmed by a Professional Management Team He holds bachelor degree in Science (Economics). He has over 29 years of Mr. Subhashis Basu experience in the FMCG industry and worked with Parle, PepsiCo India and Mother Chief Operating Officer Dairy Corporate functions Mr. Subhash Bhatt He holds bachelor d
Slide 27: Helmed by a Professional Management Team
Helmed by a Professional Management Team Mr. Mahesh Purohit He holds bachelor degree in Commerce. He has over 24 years of experience in the General Manager Sales - FMCG industry and worked with Parke-Davis, BPL Synergy and Candico Corporate functions West Mr. D.V. Praveen Kumar He holds bachelor deg
Slide 28: Industry Overview
Industry Overview 28
Slide 29: Favourable Demographics Supporting Industry Growth
Favourable Demographics Supporting Industry Growth POPULATION TREND (BILLIONS) INDIA’S ANNUAL CONSUMER 1.411 EXPENDITURE (RS. TRILLION) 1.397 1.366 1.380 22 1.338 1.352 21 1.324 21 1.310 20 1.278 1.293 20 20 1.263 19 19 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 MAR-18 JUL-18 OCT-18 JAN-
Slide 30: Sweet Snacks Industry – Characteristics
Sweet Snacks Industry – Characteristics Organized Sweet Snacks (Cakes & pies): West is Rs.2,200-2,500 crore growing fast 20% now N Limited Highly under vegetarian penetrated options in category Cake 15% W Market E 50% Very few S Growing at national fast pace players 15% 30
Slide 31: About Prataap Snacks Ltd.
About Prataap Snacks Ltd. Prataap Snacks Limited (PSL) is a leading Indian Snack Foods Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Namkeen (traditional Sumit Sharma Indian snacks) under the popular and vibrant Yellow Diamond brand. It has rece
Slide 32: Thank You
Thank You 32