Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q3 FY23 Earnings Presentation
24 slides from Godrej Agrovet's earnings presentation, Feb 8, 2023
Slide 1: Filing cover letter to BSE and NSE
Date: February 8, 2023 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts
Slide 2: Godrej Agrovet Limited Q3 & 9M FY23 Performance Update
GODREJ AGROVET LIMITED Q3 & 9M FY23 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: ESG Update
ESG UPDATE 3 I Godrej Agrovet
Slide 5: GAVL scores ahead of global averages on CDP submissions
GAVL SCORES REMAINED AHEAD OF GLOBAL AVERAGES FOR CLIMATE & PALM ON CLIMATE DISCLOSURE PROJECT (CDP) SUBMISSIONS Participated in the CDP carbon and forests disclosure, becoming one of the first companies in the agri sector to do so in India GAVL scores* in comparison with global Focus Area Key Areas
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Member of the Global Agribusiness ▪ Committed to the global Science Council for Sustainable Alliance, of which Mr. Nadir B. Based Targets initiative (SBTi) to Development Godrej is also current chair reduce our emissions in
Slide 7: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 74% of the energy GAVL utilizes is from clean renewable energy initiatives ✓ Solar rooftops at 20+ manufacturing sites of our AF, Aqua and R&D ✓ Oil palm plants use waste of fruit bunches as renewable boiler fuel, which has led to increase
Slide 8: Strong commitment to CSR
STRONG COMMITMENT TO CSR Pragati: Community-based Education ✓ 3,240 students engaged in AP & Punjab (80% engagement rate) through sports education program ✓ Support for digital education to 521 students (6th -10th) in MH & UP – 35,000+ hours of digital education content consumed Grameen Vikas: Brigh
Slide 9: Awards and recognitions
AWARDS AND RECOGNITIONS ✓ Godrej Agrovet’s Oil Palm Business awarded a verification certification under the Indian Palm Oil Sustainability (IPOS) Framework ✓ Certification is issued by Control Union, an independent international certification body, in recognition of the sustainable practices adopted
Slide 10: Performance Highlights
PERFORMANCE HIGHLIGHTS 9 I Godrej Agrovet
Slide 11: Q3 FY23 consolidated financials – key highlights
Q3 FY23 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional Financial Highlights As Reported items * (Rs. Crore unless Stated) Q3 FY23 Q3 FY22 % y-o-y Q3 FY23 Q3 FY22 % y-o-y Revenues 2,323.5 2,078.5 +11.8% 2,323.5 2,078.5 +11.8% Earnings before interest, tax and Depreci
Slide 12: 9M FY23 consolidated financials – key highlights
9M FY23 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Excluding – non-recurring & exceptional As Reported Financial Highlights items * (Rs. Crore unless Stated) 9M FY23 9M FY22 % y-o-y 9M FY23 9M FY22 % y-o-y Revenues 7,278.7 6,225.3 +16.9% 7,278.7 6,225.3 +16.9% Earnings before interest, tax and Depreci
Slide 13: 9M FY23 segment-wise revenue and PBIT
9M FY23 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – 9M FY23 Segment results (2) – 9M FY23 Others, 0.6% Poultry & processed Poultry & processed food, food, 4.3% 9.8% Others, -1.1% Animal Feed, Dairy, -7.8% Animal Feed, 48.3% 29.0% Dairy, 14.2% Crop Protection, 24.8% Crop Protection, 12.3% Oi
Slide 14: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 13 I Godrej Agrovet
Slide 15: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Sales Volume (tons) 3,83,712 3,58,813 6.9% 10,93,629 10,13,259 7.9% Segment Revenue (Cr) 1,272.4 1,109.9 14.6% 3,738.7 3,245.3 15.2% Se
Slide 16: Oil Palm Business
OIL PALM BUSINESS Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth CPO Realisations (₹ per MT) 83,457 1,09,131 -23.5% 1,00,484 1,10,546 -9.1% PKO Realisations (₹ per MT) 1,14,513 1,54,881 -26.1% 1,50,865 1,44,792 4.2% Segment R
Slide 17: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Segment Revenue (Cr) 99.2 45.3 119.0% 467.7 439.8 6.3% Segment Result (Cr) 3.4 -21.3 NM 60.5 80.2 -24.6% Segment Margin (%) 3.4% NM 12.9% 18.2% • Topline gr
Slide 18: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Revenues (Cr) 117.2 173.4 -32.4% 501.2 404.6 23.9% EBITDA (Cr) 15.9 44.8 -64.5% 81.3 92.3 -11.9% EBITDA Margin (%) 13.6% 25.9% 16.2% 22.8% • Q3 topline performanc
Slide 19: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Revenues (Cr) 347.8 287.7 20.9% 1,102.1 838.3 31.5% EBITDA (Cr) -5.4 0.1 NM -11.7 1.1 NM EBITDA Margin (%) NM 0.05% NM 0.1% • Sustained volume growt
Slide 20: Godrej Tyson Foods and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q3 FY23 Q3 FY22 Growth 9M FY23 9M FY22 Growth Revenues (Cr) 280.5 203.3 38.0% 757.1 581.7 30.1% EBITDA (Cr) 17.7 -3.3 NM 33.0 6.6 402.6% EBITDA Margin (%) 6.3% NM 4.4% 1.1% • Godrej Tyson recorded strong year-on-year growth in segment revenues in Q3 FY23 driven
Slide 21: Annexures
ANNEXURES 20 I Godrej Agrovet
Slide 22: Shareholding pattern as of December 31, 2022
SHAREHOLDING PATTERN AS OF DECEMBER 31, 2022 FII Major Investors 9.7% DII ➢ Temasek 6.8% ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 9.4% ➢ Kotak Mutual Fund ➢ DSP ➢ Bajaj Holdings ➢ LIC Mutual Fund Promoters 74.1% 21 I Godrej Agrovet
Slide 23: Contact us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Aditya Desai Email: s.varadaraj@godrejagrovet.com Email: aditya.desai@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 22 I Godrej Agrovet
Slide 24: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 23 I Godrej Agrovet