Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q1 FY25 Earnings Presentation
22 slides from Heritage Foods's earnings presentation, Jul 24, 2024
Slide 1: Exchange filing cover letter for investor presentation
Ref: SECT: STOC: 64-24 24th July, 2024 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, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 5
Slide 2: Earnings Presentation Q1-FY25
Earnings Presentation Q1-FY25 EARNINGS PRESENTATION Q1 – FY25
Slide 3: Snapshot
2 Snapshot Strong Distribution +1.5 Mn Rich Legacy of Wide Presence Network with Omni Households Served 32 Years Across 12 States Channel Presence Daily 18 State-of-the-art 2.78 MLPD Milk Processing Plants 3,200+ A+ (LT), A1 (ST) Milk Processing employees on rolls Credit Rating CRISIL Capacity 3,00,
Slide 4: Company Overview
3 Company Overview • Founded in 1992, with the objective to serve the farming community in India, Heritage Foods is India’s one of the leading CONSOLIDATED REVENUE (INR MN) integrated dairy company. 37,939 • Over the span of 3 decades, Heritage Foods has not only stayed true to its values and missio
Slide 5: Product Portfolio
HERITAGE NUTRIVET (SUBSIDIARY) HERITAGE NOVANDIE (sussipiary) ICE CREAMS
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk and Milk Products Sales - 12 States Milk Procurement - 9 States Rai Telangana Maharashtra Kalluru Narket pally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru Bayyavaram B.Kothakota Vadamadurai Gokul Bobbili
Slide 7: Growth Strategy
6 Growth Strategy Create Value for Stakeholders Increase Milk Procurement Empowering farmers Increase the share of Value Added Products Expand product manufacturing capabilities Penetrate New Geographies Aspire to be Nationally recognized brand Expand the Product Portfolio
Slide 8: Financial Overview
Earnings Presentation Q1-FY25 Q1-FY25 FINANCIAL OVERVIEW
Slide 9: Consolidated Financial & Operational Highlights
8 Consolidated Financial & Operational Highlights Q1-FY25 OPERATIONAL HIGHLIGHTS • The business registered a growth of 11.8%, and crossed Rs. 10,000 Mn revenue mark in a quarter for the first time. • Momentum in Value Added Products continued in Q1 with a robust growth of 19.9% reaching Rs. 4,228 Mn
Slide 10: Quarterly Performance
9 Quarterly Performance Consistent growth, with both Milk and Value-added products growing faster than industry average. Value-added products growth and Profitability has steadily improved over the last many quarters. QUARTERLY REVENUES (INR MN) & Y-O-Y GROWTH (%) PBT (INR MN) & PBT MARGINS (%) 10,3
Slide 11: Quarterly Segmental Revenue
10 Quarterly Segmental Revenue MILK REVENUE (INR IN MN) VALUE ADDED PRODUCTS (INR IN MN) 5,534 5,621 5,369 3,822 3,221 2,818 Q1-FY24 Q4-FY24 Q1-FY25 Q1-FY24 Q4-FY24 Q1-FY25 FAT PRODUCTS (INR IN MN) ICE-CREAM REVENUE (INR IN MN) 711 312 468 260 199 313 Q1-FY24 Q4-FY24 Q1-FY25 Q1-FY24 Q4-FY24 Q1-FY25
Slide 12: Heritage Nutrivet (Wholly-owned Subsidiary)
11 Heritage Nutrivet (Wholly-owned Subsidiary) Heritage Nutrivet Ltd. (HNL) manufactures livestock feed and supplements to enhance the health, REVENUE (INR IN MN) immunity, milk production, and reproductive capabilities of dairy animals. With advanced manufacturing facilities in Hindupur and Mallava
Slide 13: New Products Introduced in Q1-FY25
12 New Products Introduced in Q1-FY25 Laddoos as pure as mother’s Fun Formats And love! Flavors For Kids New Drinkables in SIG Combi A cup and glass of milk anywhere, anytime! Fruit fusion range for the entire family!
Slide 14: Key Marketing Campaigns
13 Key Marketing Campaigns Driving Awareness, Association And Consumption Through Moments Marketing And Occasion Marketing Approach Biggest ever campaign for Heritage covering AP/TG/TN/KA/HR/ DL AMJ’24 Digital Films for Drinkables - Flavored Milk and Cold Coffee AM’24 Festive Digtial campaign – Milk
Slide 15: Quarterly Consolidated Financial Performance
14 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q1-FY25 Q4-FY24 Q-o-Q Q1-FY24 Y-o-Y Operating Income 10,327 9,506 8.6% 9,237 11.8% Expenses 9,389 8,804 6.6% 8,834 6.3% EBITDA 938 702 33.6% 403 133% EBITDA Margins (%) 9.08% 7.38% 170 Bps 4.36% 472 Bps Depreciation 166 157 5.7% 14
Slide 16: Historical Financial Overview
Earnings Presentation Q1-FY25 Q1-FY25 HISTORICAL FINANCIAL OVERVIEW
Slide 17: Historical Consolidated Income Statement
16 Historical Consolidated Income Statement Particulars (INR Mn) FY22 FY23 FY24 Q1-FY25 Operating Income 26,813 32,407 37,939 10,327 Expenses 24,905 31,024 35,844 9,389 EBIDTA 1,908 1,383 2,095 938 EBIDTA Margins (%) 7.12% 4.27% 5.52% 9.08% Depreciation 522 562 608 166 Finance Cost 40 39 91 34 Other
Slide 18: Historical Consolidated Balance Sheet
17 Historical Consolidated Balance Sheet Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24 Equity And Liability Assets Equity Share Capital 232 464 464 Non-Current Assets Property, Plant and Equipment 5,705 6,133 6,968 Reserve and Surplus 6,344 6,795 7,618 Capital WIP 74 199 20
Slide 19: Historical Consolidated Financial Performance
18 Historical Consolidated Financial Performance REVENUE (INR MN) & GROSS MARGINS (%) EBITDA (INR MN) & MARGINS (%) PAT (INR MN) & MARGINS (%) 37,939 1,483 2,669 32,407 5.66% 26,813 2,095 24,731 1,908 1,065 25.49% 6.00% 961 1,383 25.70% 938 2.81% 584 3.58% 580 22.30% 10,327 19.28% 10.79% 20.74% 9.08
Slide 20: Capital Market Data
19 Capital Market Data 1 YEAR STOCK PERFORMANCE UP TO 30TH JUNE, 2024 180.00% 130.00% 80.00% 30.00% -20.00% Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Heritage Sensex MARKET DATA AS ON 30th JUNE, 2024 SHAREHOLDING PATTERN AS ON 30th JUNE, 2024 Face Value 5.0
Slide 21: Disclaimer
20 Disclaimer Heritage Foods Limited: The information contained in this presentation is provided by Heritage Foods (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation
Slide 22: Thank You
Earnings Presentation Q1-FY25 THANK YOU