Coastal Corporation Limited · NSE:COASTCORP
Coastal — Q1 FY23 Earnings Presentation
38 slides from Coastal's earnings presentation, Jul 28, 2022
Slide 1: Cover letter to stock exchanges
July 28, 2022 To To The Manager The Manager Listing Compliance Listing Compliance National Stock Exchange of India Limited (NSE) Bombay Stock Exchange Limited Exchange Plaza, Bandra Kurla Complex, P.J.Towers, Dalal Street, Bandra East, Mumbai – 400051 Mumbai-400 001 NSE SYMBOL: COASTCORP Maharashtra
Slide 2: Coastal Corporation Limited Investor Presentation
Coastal Corporation Limited Investor Presentation July - 2022
Slide 3: Safe Harbour
Safe Harbour This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of t
Slide 4: Table of Contents
Table of Contents 01 Q1 FY23 Highlights 02 Company Overview 03 Business Overview 04 Industry Overview 05 Financial Highlights 06 Way Forward 3
Slide 5: Recent Expansions
Recent Expansions Kakinada Processing Unit – 32 MTPD: § Integrated Cold Chain project at KSEZ, Kakinada, A.P. is spread across 10 acres § Total capex of around Rs 77 crore has been incurred and it is funded by approx Rs 47 crore of promoters contribution, Rs 20 crore of term loans and capital subsid
Slide 6: Q1 FY23 Highlights
Q1 FY23 Highlights
Slide 7: Q1 FY23 Operational Highlights
Q1 FY23 Operational Highlights Revenue EBIDTA PAT Rs 116.44 Cr Rs 8.98 Cr Rs 8.79 Cr Demand for product stayed strong and consistent but raw material cost and freight cost impacted the margins The Company has achieved quarterly revenue of Rs 116.4 crores, 26.7% increase on YoY basis with EBITDA marg
Slide 8: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Revenue (Rs. Cr.) EBITDA (Rs. Cr.) / Margin (%) PAT (Rs. Cr.) / Margin (%) 7
Slide 9: Consolidated Quarterly Financial Highlights
Consolidated Quarterly Financial Highlights Rs. Cr. Q1 FY23 Q1 FY22 Q4 FY22 Total Income from Operations 116.44 90.49 126.38 Raw Material Expenses 73.29 54.10 97.11 Employee Cost 4.20 3.56 5.18 Other Expenses 29.96 24.03 32.23 Total Expenditure 107.46 81.70 134.53 EBITDA 8.98 8.79 -8.15 EBITDA Margi
Slide 10: Company Overview
Company Overview
Slide 11: About Us
About Us Our Vision Among top ten player in Shrimp processing and distribution industry worldwide We have a mission to deliver superior quality, highly nutritional seafood at the most competitive prices to global consumers. We are a customer driven, Engaged in processing and exporting of extensive r
Slide 12: Milestones
Milestones § Incorporated Continental § Export Excellence Fisheries India Pvt Ltd. as Award in Top Multi wholly owned subsidiary of § Established Ultra Product Exporter Costal Corporation Ltd. § Export Excellence § Incorporated Modern Shrimp in Andhra Pradesh § Incorporated as a § National Award for
Slide 13: Board of Directors
Board of Directors § Holds a Bachelors Degree of Technology (in Chemical Engineering) with an experience of four Mr. Valsaraj Thottoli decades Founder, Vice § Presently, Vice Chairman and Managing Director of the Company Chairman & § Devoting his entire time, efforts and energy to develop this Compa
Slide 14: Board of Directors
Board of Directors § Distinguished career spanning 40 years in Life Insurance Corporation of India in accounts, Mr. M.V. marketing, administration, banking and finance Suryanarayana § Fellow member of the Institute of Chartered Accountants of India Independent § Served as CEO of LIC Mutual Fund and
Slide 15: Business Overview
Business Overview
Slide 16: Product Portfolio
Product Portfolio Headless Shell On (HL) Peeled Deveined Tail On (PDTO) Peeled Deveined Tail Off (PD) Pulled Vein Tail On (PVTO) Peeled Un-Deveined (PUD) Butterfly Shrimp Skewers Cooked Head On Cooked HL Shrimp Cooked HL Easy-Peel Shrimp Cooked PDTO Shrimp Cooked PD Shrimp 15
Slide 17: Process Flow
Process Flow § Initial quality check by § De-heading / de-shelling / technologist Pre-Processing de-skinning / de-veining & § Microbial & Chemical testing Gut cleaning § Washed with disinfectants, § Graded & Chilled Raw Material weighed and iced § Thoroughly checked piece by piece § Graded, washed &
Slide 18: Manufacturing Facilities
Manufacturing Facilities Unit I: Unit II: § Plate Freezer – 17.5 MTPD § Plate Freezer – 14 MTPD § Individually Quick Frozen – 10 MTPD § Individually Quick Frozen – 25 MTPD § Blast Frozen – 10 MTPD § Cooker – 10 MTPD § Cooker – 10 MTPD § Processing units are located in the prime aquaculture zone near
Slide 19: Manufacturing Facilities
Manufacturing Facilities Unit III: § Plate Freezer – 14 MTPD § Individually Quick Frozen – 32 MTPD § Cooker – 12 MTPD New plant will augment Company’s value- added supply 18
Slide 20: Captive Solar Power plant- 3.6MW
Captive Solar Power plant- 3.6MW 19
Slide 21: Global Reach
Global Reach Russia Europe U.S.A. UAE Korea Japan Saudi Arabia Hongkong Australia WE SHIP WORLDWIDE 20
Slide 22: Clientele
Clientele on x ae > AZ GEMS INC. = a ae —_ GREAT AMERICAN SEAFOOD IMPORTS CO. the (7haéce group nTHIES A JF Clarke SyCorporation ( ~ cary | (ora | g & , Direct Source HT sEaroon, Inc. Seafood COASTAL CORPORATION LIMITED 21
Slide 23: Certificates & Achievements
Certificates & Achievements 22
Slide 24: Industry Overview
Industry Overview
Slide 25: Global Sea Food Industry
Global Sea Food Industry Surging consumption of Sea Food in Developed and Developing Economies: § Economic prosperity driving consumption pattern across geographies § Consumer shift towards sea food as source of protein and increased demand for exotic varieties § Expanding population, rising health
Slide 26: World Outlook Aquaculture Production
World Outlook Aquaculture Production Aquaculture Production Increased contribution of Aquaculture India - Share in global sea food to Increase Global capture and Aquaculture Production In Million Tonnes 7.5% 7.1% 2016 2030 Source: FAO 25
Slide 27: India – Conducive Aquaculture Policy
India – Conducive Aquaculture Policy Policy Initiative by Government to fillip Aquaculture: § Ministry of Food Processing, Govt. Of India, is encouraging the entrepreneurs for establishing processing factories under “Scheme for Integrated Cold Chain and Value Addition Infrastructure by extending Rs.
Slide 28: Financial Highlights
Financial Highlights
Slide 29: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights Revenue (Rs. Cr.) EBITDA (Rs. Cr.) / Margin (%) PAT (Rs. Cr.) / Margin (%) 28
Slide 30: Consolidated Annual Financial Highlights
Consolidated Annual Financial Highlights Rs. Cr. FY18 FY19 FY20 FY21 FY22 Revenue from Operation 613.65 600.75 604.28 473.48 491.10 Cost of Material Consumed 576.21 455.57 437.92 351.04 345.34 Changes in Inventory -28.99 -36.04 9.96 -8.06 -10.32 Employee Expenses 12.97 16.28 14.67 14.16 17.24 Other
Slide 31: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Rs. Cr. FY18 FY19 FY20 FY21 FY22 Shareholders Funds 76.39 113.49 143.19 175.77 204.57 Share Capital 2.54 10.17 10.17 10.68 11.58 R&S 73.85 103.32 133.02 165.09 192.99 Non Current Liabilities 7.08 4.84 3.01 19.72 30.02 Long Term Borrowing 1.91 0.37 0.21 15.44 25.
Slide 32: Consolidated Balance Sheet Highlights (Continued)
Consolidated Balance Sheet Highlights ...Continued Rs. Cr. FY18 FY19 FY20 FY21 FY22 Non Current Assets 57.07 61.08 73.29 117.00 189.57 Plant, Property & Equipment 41.05 33.20 35.45 44.18 44.41 Capital Work In Progress 0.00 2.37 2.30 32.32 91.53 Right of use asset 0.00 0.00 3.13 6.28 11.04 Investment
Slide 33: Way Ahead
Way Ahead
Slide 34: Ongoing Expansions
Ongoing Expansions Odisha Processing Unit: • New Shrimp processing facility at Haridamada, Khurdha Odisha is spread across 4.28 acres • Estimated capex of around Rs 42 crore, out of which Rs 3.97 crore has already been incurred • Civil work of the project is expected to start in Q2 FY23 and project
Slide 35: Ethanol Sectoral Environment
Ethanol Sectoral Environment India’s ethanol blending target of 20% is likely to create opportunity of Rs 840 bn bio-ethanol market annually by 2025 Structural changes post 2018 Rollout plan over 2026 §The National Policy on Bio-fuels - 2018 (NPB -2018) released in June § The Indian government has c
Slide 36: Current & Future Capacities
Current & Future Capacities IQF Cooker MTPD MTPD Existing Capacities Unit 1 (Vishakhapatnam) 10 10 Unit 2 (Vishakhapatnam) 25 10 Unit 3 (Kakinada SEZ) 32 12 Upcoming Capacity Unit 4 (Odisha) 12 10 Total 79 42 35
Slide 37: Growth Drivers
Growth Drivers New Capacities - Volume Growth Value Added Segment – Better Margins Biofuel - Ethanol Project 36
Slide 38: Thank You
Thank You For more information, Please contact Coastal Corporation Limited 15-1-37/3, Jayaprada Apartments, Nowroji Road, Maharanipeta, Vishakhapatnam – 530002. Girish G Gangawat Andhra Pradesh, India. Mobile: +91-98920-16641 Ph: +91 - 891 - 2567118 Email: investors@cleaonir.com Email: info@coastalc