Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q4 FY20 Earnings Presentation
22 slides from Apex Frozen Foods's earnings presentation, Jun 26, 2020
Slide 1: Exchange disclosure cover letter
A 3 -160, Panasapadu, Kakinada 533 005 a —_ Andhra n ra Pradesh Fragesn . . Indi Indiq fax +91 884 2383905 - 6 FROZEN FOODS LTD. kkd@apexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 26" June, 2020. To To The General Manager, The General Manager, Department of Corporate Services, Listing Departme
Slide 2: Apex Frozen Foods Result Presentation Q4 / FY20
Apex Frozen Foods Result Presentation Q4 / FY20
Slide 3: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall
Slide 4: Key Business Updates – Q4 / FY20
Key Business Updates – Q4 / FY20
Slide 5: Covid-19 Impact on Business
4 Covid-19 Impact ▪ Food processing sector resumed within a Major markets are beginning to resume their purchases 4 Impact on Business week of lockdown imposition. United States of America Europe China ▪ For the Company, the operations saw some ▪ Demand returning with ▪ Remained weak due to ▪ Normal
Slide 6: Operational Highlights
5 Operational Highlights Geographical Mix 01 Volumes Sold (MT) 02 5 China Europe 2.2% 12.5% 3,006 Q4 FY20 2,616 2,046 USA 85.3% Q4FY18 Q4FY19 Q4FY20 Geographical Mix 04 Volumes Sold (MT) 03 China 4.5% 14,146 Europe 13,051 9.6% 12,243 FY20 USA 85.9% FY18 FY19 FY20
Slide 7: Income Statement Highlights
6 Income Statement Highlights Standalone (Rs mn) Q4 FY20 Q4 FY19 y-o-y % FY20 FY19 y-o-y % 6 Net revenue 1,407 1,639 8,271 8,747 Other income 53 31 190 215 Total Income 1,460 1,670 -12.6 8,461 8,962 -5.6 Raw material 911 1,027 5,735 5,810 Employee expenses 97 123 437 482 Other expenses 264 344 1,228
Slide 8: Balance Sheet Highlights
7 Balance Sheet Highlights Liabilities (Rs mn) Mar-19 Mar-20 Assets (Rs mn) Mar-19 Mar-20 7 Shareholder’s Funds 3,551 3959 Non-current assets 2,456 2913 Share capital 313 313 Net block 1,147 2802 Reserves & surplus 3,238 3646 Capital work-in-progress 1,163 28 Non-current liabilities 94 243 Other non
Slide 9: Company At a Glance
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Slide 10: One of the Leading Exporters of Processed Shrimp in India
9 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY20 ▪ 9 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors in India European Union ▪ Diversified customer base of Food Companies, Retail Chains, Restaurant
Slide 11: Hatchery | Stepping-stone for Ensuring Quality Produce
10 Hatchery | Stepping-stone for Ensuring Quality Produce Processing 10 Hatchery Farming & Exports Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Location: North of Vizag Location: South of Vizag Location: Srikakulam Location: Ongole Commenced: Year 2016 Comme
Slide 12: Farming | Critical Cushion for Consistent Supply
11 Farming | Critical Cushion for Consistent Supply Processing 11 Hatchery Farming & Exports Cultivation of shrimp, which are reared in ponds in a bio-secured environment | Typical cycle of 90 - 120 days Farming operations spread across various locations in Andhra Pradesh ~50 acres ~1,500 acres 2013
Slide 13: Processing | Doubling Capacity and Expanding Product Line
12 Processing | Doubling Capacity and Expanding Product Line… Processing 12 Hatchery Farming & Exports Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 6000 6000 3000 3000 1500 7821 9240 92
Slide 14: Moving up the Value Chain with Ready-to-Eat Product Offerings
13 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 13 Ready to Eat Cooked Peeled & De-veined Tail-on Cooked in Shell Specialty Product Shrimp Rings Butterfly Shrimp Dusted and Breaded Peeled Product Skewered Shrimp Par-fried Shrimp Peeled, Deveined, Tail-on Seasoned Shrimp Peeled Un
Slide 15: Key Factors to Consider for the Sector
14 Key Factors to Consider for the Sector 14 Demand Slowdown Disease Related Volatile Pricing Being an export-oriented sector, Highly susceptible to outbreak of Global imbalances in demand- any slowdown in consumption in diseases, which can have a supply can impact pricing. key markets like the USA,
Slide 16: Annexures
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Slide 17: Operational Highlights – Yearly Trend
16 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 16 Owned Leased 14,146 13,051 12,243 9,533 9,897 29,240 6,000 6,000 3,000 3,000 9,240 9,240 9,240 9,240 FY16 FY17 FY18 FY19 FY20* FY16 FY17 FY18 FY19 FY20 Working Capital (Days) 04 Total Debt to Equity (x) 03
Slide 18: Income Statement – Yearly Trend
17 Income Statement – Yearly Trend Profit & Loss (Rs mn) FY16 FY17 FY18 FY19 FY20 17 Net revenue 6,035 6,987 9,986 8,747 8,271 Other income 47 106 199 215 190 Total income 6,083 7,093 10,185 8,962 8,461 Raw material 4,510 5,317 7,031 5,810 5,735 Employee expenses 233 249 389 482 437 Other expenses 8
Slide 19: Balance Sheet – Yearly Trend
18 Balance Sheet – Yearly Trend Liabilities (Rs mn) FY18 FY19 FY20 Assets (Rs mn) FY18 FY19 FY20 18 Shareholder’s Funds 3,023 3,551 3,959 Non-current assets 1,408 2,456 2,913 Share capital 313 313 313 Net block 1,111 1,147 2,802 Reserves & surplus 2,710 3,238 3,646 Capital work-in-progress 209 1,163
Slide 20: India's Seafood Exports Driven by Surging Shrimp Exports
19 India’s Seafood Exports Driven by Surging Shrimp Exports … India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 19 Shrimp CAGR of 17% vs Total Seafood CAGR of 9% 1,377 1,393 1,135 1,051 984 946 928 862 813 678 603 566 614 358 374 434 229 301 126 131 151 189 FY09 FY10 FY11 FY12 FY
Slide 21: Share Capital Information
20 Share Capital Information 500 1-yr Share Price Movement (Rs/share) 450 20 400 350 300 250 200 150 100 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Other data (as on 25-Mar-20) Shareholding Pattern (as on Mar-20) NSE / BSE code APEX / 540692 CMP (Rs) 2
Slide 22: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Sheetal Keswani pooja.sharma@stellar-ir.com sheetal@stellar-ir.com