Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q3 FY23 Earnings Presentation
22 slides from Heritage Foods's earnings presentation, Jan 21, 2023
Slide 1: Investor Presentation filing letter to stock exchanges
Ref: SECT: STOC: 16-23 21st January, 2023 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
Slide 2: Earnings Presentation Q3 / 9M-FY23
Earnings Presentation Q3 / 9M-FY23
Slide 3: Snapshot
2 Snapshot Fully Integrated Dairy Business Rich Legacy of 30 Years Highly Qualified and Experienced Leadership Wide Presence Across 11 States Team and Independent Board Strong Distribution Network with Strong Corporate Governance Standards Omni Channel Presence Net Debt Free +1.5 Mn Households Serve
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 Dairy companies. Revenue (INR Mn) • Over the span of 3 decades, Heritage Foods has not only stayed true its values and mission but also created a diversified
Slide 5: Product Portfolio
4 Product Portfolio Milk Value Added Products Animal Nutrition Fat Products Heritage Nutrivet – Subsidiary Yogurt - Mamie Yova Ice-creams Heritage Novandie – Joint Venture
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk Procurement - 8 States Milk Products Sales - 11 States Milk Sales - 11 States Heritage Distribution Centres - 9 States Rai Telangana Maharashtra Kalluru Narketoally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru
Slide 7: Future Growth Strategy
6 Future Growth Strategy Increase Milk Procurement: By investing Aspire to be Nationally recognized brand: For healthy & prudently in village level milk collection 5 fresh products while focusing on efficient capital infrastructure, bulk coolers, chilling centers. 1 management. Increase the share of
Slide 8: Q3 / 9M-FY23 Financial Overview
Financial Overview Q3 / 9M-FY23 Financial Overview Heritage Foods Limited 7
Slide 9: Q3 / 9M-FY23 Consolidated Financial Highlights
8 Q3 / 9M-FY23 Consolidated Financial Highlights Q3-FY23 Performance Operational Highlights • Average milk procurement during Q3-FY23 was at 14.32 lakh litres per day (LLPD), compared to 11.91 LLPD in Q3-FY22; registering a INR 7,860 Mn INR 326 Mn 4.15% growth of 20% YoY Revenue from Operations EBIT
Slide 10: Quarterly Segmental Revenue
9 Quarterly Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 5,262 5,183 2,186 1,985 4,463 1,647 Q3-FY22 Q2-FY23 Q3-FY23 Q3-FY22 Q2-FY23 Q3-FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 465 108 401 99 311 64 Q3-FY22 Q2-FY23 Q3-FY23 Q3-FY22 Q2-FY23 Q3-FY23
Slide 11: YTD Segmental Revenue
10 YTD Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 15,334 7,009 12,984 5,090 9M-FY22 9M-FY23 9M-FY22 9M-FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 1,124 399 1,041 193 9M-FY22 9M-FY23 9M-FY22 9M-FY23
Slide 12: Q3-FY23 Digital Campaigns
11 Q3-FY23 Digital Campaigns #SeasonOfJoy #ReasonOfJoy The end of the year coincides with most people taking a break from their hectic routines; spending time with family, friends, and celebrating. There is a sense of joy and warmth all around. With this campaign, we wanted to catch the joyfulness o
Slide 13: Q3-FY23 Marketing Updates
12 Q3-FY23 Marketing Updates Mirchi Fun Street Activation in Chennai WhatsApp Commerce Door to Door Activation in Bangalore
Slide 14: Quarterly Consolidated Financial Performance
13 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q3-FY23 Q2-FY23 Q-o-Q Q3-FY22 Y-o-Y Operating Income 7,860 8,162 (3.7)% 6,670 17.8% Expenses 7,534 7,764 (3.0)% 6,263 20.3% EBIDTA 326 398 (18.1)% 407 (19.9)% EBIDTA Margins (%) 4.15% 4.88% (73)Bps 6.10% (195)Bps Depreciation 143 1
Slide 15: YTD Consolidated Financial Performance
14 YTD Consolidated Financial Performance Particulars (INR Mn) 9M-FY23 9M-FY22 Y-o-Y Operating Income 24,231 19,854 22.0% Expenses 23,268 18,261 27.4% EBIDTA 963 1,593 (39.5)% EBIDTA Margins (%) 3.97% 8.02% (405)Bps Depreciation 415 387 7.2% Finance Cost 15 30 (50.0)% Other Income 87 88 (1.1)% Share
Slide 16: Historical Financial Overview
Financial Overview Historical Financial Overview Heritage Foods Limited 15
Slide 17: Historical Consolidated Income Statement
16 Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 FY22 9M-FY23 Operating Income 25,148 27,259 24,731 26,813 24,231 Expenses 23,298 25,974 22,062 24,906 23,268 EBIDTA 1,850 1,284 2,669 1,907 963 EBIDTA Margins (%) 7.36% 4.71% 10.79% 7.11% 3.97% Depreciation 446 501 462 5
Slide 18: Historical Consolidated Balance Sheet
17 Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 Equity And Liability Assets Equity Share Capital 232 232 232 Non-Current Assets Property, Plant and Equipment 5,714 5,705 5,670 Reserve and Surplus 5,726 6,344 6,491 Capital WIP 157
Slide 19: Historical Consolidated Financial Performance
18 Historical Consolidated Financial Performance Revenue (INR Mn) & Gross Margins (%) EBITDA (INR Mn) & Margins (%) PAT (INR Mn) & Margins (%) 27,259 3000 2,669 26,813 2000 1,483 2500 1500 1,907 826 961 2000 1,850 1000 6.00% 25,148 400 24,731 500 3.58% 1500 1,284 3.28% 1.65% 24,231 0 963 21.5% 25.7%
Slide 20: Capital Market Data
19 Capital Market Data 1 Year Stock Performance up to 31st December, 2022 Market Data as on 31st December, 2022 10% Shareholder % Shareholding 0% Face Value 5.0 -10% -20% CMP 359.0 -30% 52 Week H/L 451.9 / 250.3 -40% -50% Market Capitalization (Mn) 16,656.9 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
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
21 Thank You. Thank You