Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q4 FY2024 Earnings Presentation
24 slides from Avanti Feeds's earnings presentation, May 27, 2024
Slide 1: Cover letter to stock exchanges for Q4 & FY24 results
May 27, 2024 To To BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001, Mumbai – 400051, Maharashtra, India. Maharashtra, India. BSE Code: 512573 NSE Code: AVANTIFEED Dear Sir/Mad
Slide 2: Q4 & FY24 Result Presentation
AVANTI FEEDS LTD Q4 & FY24 Result Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 5: Result Highlights
RESULT HIGHLIGHTS
Slide 6: Quarterly Consolidated Highlights
Quarterly Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) -148 -51 17% 5% 11% bps bps 1,126 12,835 1,660 9.3% 14.4% 10,930 1,575 1,015 12.9% 8.8% Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 5
Slide 7: FY24 Consolidated Highlights
FY24 Consolidated Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 154 120 6% 23% 26% bps bps 3,938 7.3% 53,689 5,943 11.1% 50,870 4,850 3,123 9.5% 6.1% FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 FY24 6
Slide 8: Quarterly & Fiscal Results Snapshot
Quarterly & Fiscal Results Snapshot Consol Profit & Loss (Rs mn) Q4FY24 Q4FY23 Y-o-Y Q3FY24 Q-o-Q FY24 FY23 Y-o-Y Segment Revenues Shrimp Feed 9,967.0 8,555.7 16.5% 9,322.8 6.9% 42,870.3 40,395.0 6.1% Shrimp Processing 2,868.1 2,374.3 20.8% 3,209.6 -10.6% 10,818.7 10,474.8 3.3% 1 Consolidated Revenu
Slide 9: Management Commentary
Management Commentary Shrimp Feed In Q4FY24, Shrimp feed revenues grew 17% YoY to Rs 9,967 Mn this was on the back of strong volume growth of 18.% YoY. EBITDA in Q4FY24 came in at Rs 1,270 Mn with strong margins at 12.7%. Shrimp Processing & Export Shrimp processing revenue witnessed a continued rob
Slide 10: Budgetary developments towards Aquaculture Industry
Budgetary developments towards Aquaculture Industry Key Highlights The government aims to double aquaculture exports to nearly Rs 1 lakh crore, generate over 50 lakh employment opportunities, set up five integrated aqua parks, and enhance aquaculture productivity under new schemes announced during t
Slide 11: Processed Shrimp Exports
Processed Shrimp Exports – (EU share of exports increased 600bps in Q4FY24) Q4FY23 Q3FY24 Q4FY24 11% 7% 4% USA 14% USA USA 9% Asia Asia Asia 18% 11% EU EU EU 10% 4% Canada Canada Canada 4% 67% others others 70% others 71% FY22 FY23 FY24 11% 2% 8% 2% 11% USA USA USA 7% 14% 10% Asia Asia Asia 6% 6% EU
Slide 12: Segmental Quarterly Highlights
Segmental Quarterly Highlights Shrimp Feed Revenues Processed Shrimp Revenues 15, 000 14% 3,5 00 19% 20% 13,249 17% 3,013 3,210 12,388 13,057 16% 2,868 18% 13, 000 13% 12% 2,939 15% 13% 15% 14% 3,0 00 2,622 2,636 14% 14% 16% 9,605 10,384 10% 10,208 10,331 9,323 9,967 2,655 11, 000 8,574 10% 13% 14%
Slide 13: Operational Highlights
OPERATIONAL HIGHLIGHTS
Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Production (MT) Shrimp Feed 133,368.0 167,285.0 123,464.0 105,764.0 105,108.0 163,610.0 128,367.0 115,018.0 132,079.0 Shrimp Processing 2,957.0 3,949.0 2,851.0 2,550.0 2,609.0 3,285.0 3,643.0 3,398.0 2,
Slide 15: Operational Highlights – Fiscals
Operational Highlights – Fiscals FY18 FY19 FY20 FY21 FY22 FY23 FY24 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 539,074 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 13,246 Sales (MT) Shrimp Feed 430,314 421,691 484,669 473,449 540,895 497,066 531,967 Shr
Slide 16: The Path Forward
THE PATH FORWARD
Slide 17: Company Highlights – FY24
Company Highlights – FY24 Shrimp Feed • Shrimp Feed sales during the FY24 was 5,31,967 MT as compared to 4,97,066 MT in FY23 growing 7% YoY • The company has expanded operations at its existing plant situated at Andhra Pradesh; through an additional capacity of 1,75,000 MT. The total production capa
Slide 18: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 19: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Income from Operations 13,322.4 15,693.0 13,221.0 11,025.8 10,930.0 15,536.6 12,784.9 12,532.3 12,835.1 Other Income 162.3 123.2 264.9 291.7 240.5 325.8 335.2 337.2
Slide 20: Profit & Loss Statement – Fiscals
Profit & Loss Statement – Fiscals Consolidated Profit & Loss (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 Income from Operations 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 53,688.9 Other Income 538.3 702.3 925.8 816.7 920.2 1,362.7 Total Income 35,416.1 41,855.3 41,931.4 51,176.3 51,790.0 55,051.6 Opera
Slide 21: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY19 FY20 FY21 FY22 FY23 FY24 Share capital 136 136 136 136 136 136 Reserves and Surplus 13,437 15,811 19,759 21,338 23,632 26,756 Non-current liabilities 376 218 193 178 347 585 Current liabilities 2,199 2,634 2,734 3,510 3,231 3,505 To
Slide 22: Annexure
B | ANNEXURE
Slide 23: Stock Information
Stock Information • Market cap (INR) – ~74 bn (As on 22nd May 2024) • BSE code: 512573 • Shares outstanding – 136 mn (As on 31st Mar,2024) • NSE code: AVANTIFEED Shareholding Pattern as on 31st Mar, 2024 Relative stock price vs BSE Sensex As on 22nd May , 2024 17.0% 160 140 130 120 100 125 10.2% 43.
Slide 24: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India