Prataap Snacks Ltd. · NSE:DIAMONDYD
Prataap Snacks — H1 FY2019 Earnings Presentation
26 slides from Prataap Snacks's earnings presentation, November 2018
Slide 1: Q2 & H1FY19 - Results Presentation
PRATAAP SNACKS LIMITED Q2 & H1FY19 - Results Presentation November 2018
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 Company Overview 4 Industry Overview 13 Avadh Snacks Acquisition 16 Q2 & H1FY19 Results Performance 20 3
Slide 4: Company Overview
Company Overview 4
Slide 5: Company Snapshot
Company Snapshot 5 year revenue SKU’s Manufacturing Market Leader in CAGR facilities Rings States Super Stockists Distributors Packets sold per day Diverse Product Portfolio Focus On Product Innovation Pan India Distribution Network Core Management With Deep Domain Expertise Strategically Located Ma
Slide 6: Diverse Product Portfolio
Diverse Product Portfolio POTATO CHIPS CHULBULE* RINGS, KURVES NAMKEEN* PELLET SNACKS NACHOS YUM-PIE YUM CAKE & & PUFF* COOKIE CAKE Potato Rice grit & Corn grit Gram Wheat Made from Cake with Cake centre based Corn grit based based# based corn tortillas Jam & filled with snack based
Slide 7: Focus On Product Innovation
Focus On Product Innovation Namkeen • Banana Wafer Black Pepper • Banana Wafer Namkeen • Garlic Sev Salted Mamra • Cornflake Mixture Potato Chips • Masala • Cream & • Mitha Falahar Matar • Bhel Ring Onion • Gatiya Nachos, • Mango • Nimbu Potato Chips • Sev Murmura Masala Kurves, Chutney Masala • Tas
Slide 8: Pan India Distribution Network
Pan India Distribution Network 1 States* 10 1 5 6 8 1 Super Stockist 19 29 7 4 3 6 2 11 1 4 1 1 Distributors 87 1 1 7 Region No. of States / UT No. of Super Stockists 2 1 North 7 53 2 6 East 12 39 South 5 18 7 1 West 5 125 *Includes one Union Territory, Map not to scale 8
Slide 9: Strategically Located Manufacturing Facilities
Strategically Located Manufacturing Facilities Madhya Pradesh Assam West Bengal Karnataka Gujarat Ahmedabad (I&II) Indore Bangalore (I&II) Rajkot (I) Guwahati (I&II) Kolkata (I&II) Distribution benefits • Caters to the Contract Manufacturing • Prataap Snacks Eastern Zone acquires Gujarat • Caters to
Slide 10: Core Management With Deep Domain Expertise
Core Management With Deep Domain Expertise Corporate functions Arvind Mehta Amit Kumat Apoorva Kumat Subhashis Basu Sumit Sharma Chairman & Executive Director Managing Director & CEO President - Operations COO CFO Over 29 years of experience in Over 22 years in Snack Over 22 years in Snack Around 26
Slide 11: Guided By An Accomplished Board Of Directors
Guided By An Accomplished Board Of Directors Arvind Mehta Amit Kumat Chairman & Executive Director Managing Director & CEO Over 29 years of experience in real Over 22 years in the snacks foods estate business along with over 15 industry years in the snack foods industry and in the financing business
Slide 12: Prataap Snacks' Evolution
Prataap Snacks’ Evolution Successful IPO – Sequoia’s initial oversubscribed 47x; listed investment of Rs. 620 on NSE & BSE on Oct 5, mn Doubled the 2017 Prataap Snacks capacity of Potato Prakash Snacks Chips plant at Indore Launched Yum-Pie, a incorporated. Installed Chulbule Prataap Snacks took fro
Slide 13: Industry Overview
Industry Overview 13
Slide 14: Trends In The Indian Organised Snacks Market
Trends In The Indian Organised Snacks Market Rs.220 Bn organized snack market, contributes to only ~40% of the Rs.550 Bn total snack market Category/ product* Region* Sales channels* 2% 3% Chips Independent 5% small grocers 7% Supermarkets 30% Extruded snacks 36% 10% Hypermarkets Namkeen & tradition
Slide 15: Backed By Strong Demographic Tailwinds in India
Backed By Strong Demographic Tailwinds in India Rising Population of Youth and Large and Growing Population Children¹ 1,289 1,274 1,256 Total Population 1,238 583 584 580 Population 1,220 577 (million) (million) 574 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2013-2018 CAGR: 1.4% 2013-2018 CAG
Slide 16: Acquisition of Avadh Snacks
Acquisition of Avadh Snacks 16
Slide 17: Details of the Acquisition
Details of the Acquisition Prataap Snacks recently acquired 80% of equity stake in Avadh Snacks Pvt. Ltd for Rs. 148 crore through a combination of primary & secondary investment Avadh Snacks has a diversified product portfolio for Namkeens and Pellets in several variants and pack sizes The Co
Slide 18: Avadh Product Portfolio – Namkeen
Avadh Product Portfolio – Namkeen Key Products: Bhavnagri Gathiya, Sada Mamra, Papdi Gathiya, Chavanu, Lasaniya Mamra Price Point: Rs. 5, 10, 30, 50 SKUs: 34 varieties Target group: All 18
Slide 19: Avadh Product Portfolio – Fryums
Avadh Product Portfolio – Fryums Key Products: Tomato Cup, Salted reffil, Masala cup, Chiji Noodles, Salli, White crunchy papd Price Point: Rs. 5, 10, SKUs: 21 varieties Target group: Children 19
Slide 20: Q2 & H1FY19 Results Performance
Q2 & H1FY19 Results Performance 20
Slide 21: CEO's Message
CEO’s Message Commenting on Q2 & H1FY19 performance, Mr. Amit Kumat - Managing Director, Prataap Snacks Limited said: “We are pleased to report healthy revenue growth of 14.7% in H1FY19 despite macroeconomic challenges during the quarter. The transportation strike during the quarter delayed dispatch
Slide 22: Abridged P&L Statement
Abridged P&L Statement Y-o-Y Y-o-Y Particulars Q2FY19 Q2FY18 H1FY19 H1FY18 Change (%) Change (%) Income from Operations 2,872.2 2,582.6 11.2% 5,558.3 4,846.7 14.7% Raw Material Cost 1,968.2 1,724.1 (14.2)% 3,832.7 3,265.3 (17.4)% Gross Profit 904.0 858.5 - 1,725.7 1,581.4 - Gross Margins 31.5% 33.2%
Slide 23: Financials – Q2 & H1FY19 Performance
Financials – Q2 & H1FY19 Performance Sales / Income from Gross Margin (%) Operations 33.2% 5,558.3 32.6% 4,846.7 31.5% 2,872.2 31.0% 2,582.6 Q2FY18 Q2FY19 H1FY18 H1FY19 Q2FY18 Q2FY19 H1FY18 H1FY19 ▪ Income from operations in Q2FY19 grew by 11.2% yoy to Rs. 2,872.2 mn despite impact of transporters s
Slide 24: Financials – Q2 & H1FY19 Performance
Financials – Q2 & H1FY19 Performance EBITDA Margin (%) PAT Margin (%) 10.1% 5.0% 9.5% 4.7% 3.9% 3.9% 7.2% 7.0% 261.4 207.6 460.4 388.6 129.2 112.6 226.8 216.5 Q2FY18 Q2FY19 H1FY18 H1FY19 Q2FY18 Q2FY19 H1FY18 H1FY19 ▪ EBITDA for Q2FY19 was lower by 290Bps yoy at Rs. 207.6 mn , whereas the EBITDA for
Slide 25: About Prataap Snacks Ltd.
About Prataap Snacks Ltd. Prataap Snacks Ltd. (PSL) is a leading Indian Snack Foods Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Sumit Sharma Namkeen (traditional Indian snacks) under the popular and vibrant Yellow Diamond brand. It has recentl
Slide 26: Thank You
Thank You 26