Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q4 FY2020 Earnings Presentation
23 slides from Heritage Foods's earnings presentation, May 28, 2020
Slide 1: Heritage Foods Limited - Submission of quarterly updates to exchanges
Ref: SECT: STOC: 41-20 28th May, 2020 To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, Mumbai - 400 001 G Block, Bandra-Kurla Complex, Bandra {East). Mumbai- 400 051 Scrip Code: 519
Slide 2: Corporate Presentation March 2020 (Q4FY20)
Corporate Presentation March – 2020 (Q4FY20)
Slide 3: Disclaimer Clause
Disclaimer Clause The Release contains forward looking statements identified by words like "plans", "expects", "will", "anticipates", "believes", "intends", "projects", "estimates", and so on. All statements that address expectations or projections about future, but not limited to Company's strategy
Slide 4: Index
Index Vision & Mission 1 Company Overview 2 Impact of Covid-19 3 Financial Highlights – Q4FY20 4 Financials – Q4FY20, Q4FY19 5 Core Business 6 Growth in VAP 7 Procurement & Sales Volumes 8 Heritage Nutrivet Limited 9 Financials – Yearly 10 Balance Sheet 11 Winning Farmers Trust 12 Achieving Operatio
Slide 5: Vision & Mission
1. Vision & Mission Vision Delighting every home with fresh and healthy products and empowering the farmer Mission To be a nationally recognized brand for healthy and fresh products with a revenue of INR 6000 Crore by 2024 We anticipate, understand and respond to our customer’s needs by creating hig
Slide 6: Company Overview
2. Company Overview Core Business Key Strengths Financial Strength 28 Years rich experience in dairy Variety of products High Return on Capital business that includes, Employed (ROCE) procurement of milk from dairy High Product Quality farmers at village level, and Low Debt/Equity Ratio distribution
Slide 7: Impact of Covid-19
3. Impact of Covid-19 • Ensured uninterrupted supplies to consumers • Taken all steps to contain spread of Virus • Maintenance of Social Distancing from Procurement to point of sale and at all work places • Sanitizing the premises and vehicles on regular basis • Procured Passes from Authorities wher
Slide 8: Financial Highlights – Q4FY20
4. Financial Highlights – Q4FY20 (Consolidated) Growth % Rupees Revenue 2.77 % 652.65 Cr EBITDA (42.37) % 27.92 Cr PBT* (67.13) % 10.17 Cr PAT* (60.70) % 7.91 Cr * From Core Business
Slide 9: Financials – Q4FY20, Q4FY19
5. Financials – Q4FY20, Q4FY19 Financial Highlights Q4FY20 Q4FY19 (Rs in crores) Net Turnover 643.08 625.22 Dairy 642.15 624.94 RE 2.48 1.82 EBITDA 26.45 51.75 Dairy 24.34 50.44 RE 2.11 1.31 PBT -207.4 34.82 Dairy 8.99 34.96 RE 0.73 -0.14 FVTPL -217.12 Dairy Margins EBITDA 3.79% 8.07% PBT 1.40% 5.59
Slide 10: Core Business
6. Core Business... (Standalone) Profit after adjustments of gain due to changes in the fair value of derivative liabilities and loss due to changes in the FVTPL equity securities (Rs in lakhs) Quarter Ended Quarter Ended Year Ended Year Ended PARTICULARS 31.03.2020 31.03.2019 31.03.2020 31.03.2019
Slide 11: Growth in VAP
7. Growth in VAP 165.52 155.66 150 127.56 108.52 100 98.61 50 Q4FY16 Q4FY17 Q4FY18 Q4FY19 Q4FY20
Slide 12: Procurement & Sales
8. Procurement & Sales Milk Procurement (LLPD)* Milk Sales (LLPD) Curd Sales (MTPD) 317.16 15 14.02 15 300 294.59 12.67 11.15 10.94 10 10 200 5 5 100 0 0 0 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Cost per Milk Selling Curd Selling Litre Rs. 38.46 Rs. 32.84 Price Rs. 44.26 Rs. 38.94 Price Rs. 51.61
Slide 13: Heritage Nutrivet Limited
9. Heritage Nutrivet Limited (A Wholly Owned Subsidiary Company) Particulars Q4FY20 Q4FY19 (Rs in Lakh) Turnover 2074 2158 EBITDA 243 78 PBT 137 35
Slide 14: Financials - Yearly
10. Financials - Yearly Financial Highlights FY 20 FY 19 FY 18 FY 17 FY 16 (Rs in crores) Net Turnover 2681.11 2482.35 2344.01 2642.89 2380.58 Dairy 2679.44 2479.18 2343.68 1870.72 1768.8 RE 9.39 11.37 6.87 5.21 3.04 EBITDA 140.37 192.43 133.32 146.61 136.47 Dairy 132.61 182.56 127.32 144.82 137.2 R
Slide 15: Balance Sheet Figures
11. Balance Sheet Figures Particulars FY20 FY19 FY18 FY17 FY16 (Rs in crore) (As per Ind-As) Equity Share Capital 23.20 23.20 23.20 23.20 23.20 Other Equity (Reserves & Surplus) 439.13 781.76 754.81 570.02 216.80 Networth 462.33 804.96 778.01 593.22 240.00 Gross Fixed Assets 630.53 549.90 164.18 304
Slide 16: Winning Farmers’ Trust
12. Winning Farmers’ Trust Providing Punctual Facilitating loans Accuracy in Deployed mobile nutritional feed payments cattle insurance Measurement veterinary clinics at subsidised to farmers rates
Slide 17: Achieving Operational Excellence
13. Achieving Operational Excellence Bulk Coolers Chilling plants Processing plants Vehicles 111 1979 77 18 No. of Milk Procurement Number Representatives of 12610 6629 Distributors
Slide 18: Innovations
14. Innovations Quality Accessibility
Slide 19: UHT Plant
15. UHT Plant Commissioned an UHT Plant with capacity of 1 Lakh Litres Per Day UHT processed milk shelf life 90 days. No refrigeration required No need to boil Variants: Double Toned Milk & Toned Milk. UHT Milk sales: 67,642 Litres Per Day (Jan’20 - Mar’20)
Slide 20: Parlour as branded outlets
16. Parlour as branded outlets Exclusive Product Outlets 942 Outlets managed by franchises Helps in recognition and Branding Flexibility of the product mix Products availability and Accessibility to customers
Slide 21: Heritage Distribution Centre (HDC)
17. Heritage Distribution Centre (HDC) Exclusive Product Distribution centre managed by franchises 48 HDC’s in Operation 20 at Bangalore, 20 at Chennai, 1 at Hyderabad, 3 at Punjab, 2 at Mumbai, 1 at Rajahmundry and 1 at Vijayawada. Each HDC Covering 100 retail and 100 households of the locali
Slide 22: Way Forward
18. Way Forward NOW NEXT MISSION Handles 13.77 LLPD of Milk Focus On Organic Growth To Handle Milk 28 LLPD Procuring Milk From 3 Lakh Dairy Farmers To Penetrate Into New Markets To Procure Milk From 6 Lakh Dairy Farmers Supplying Milk To 15 Lakh Households To take Initiatives in the Rural Belt To Su
Slide 23: Thank You
Thank You Umakanta Barik | hfl@heritagefoods.in