Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q3 FY2023 Earnings Presentation
19 slides from Avanti Feeds's earnings presentation, Feb 20, 2023
Slide 1: Intimation of schedule of Investors Meeting for Q3
February 20, 2023 To To The Deputy General Manager, The Listing Manager, BSE Limited, National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal Street, Mumbai – 400001 Mumbai – 400051 Maharashtra, India Maharashtra, India
Slide 2: Q3FY23 Earnings Audio Conference Call
Avanti Feeds Limited Q3FY23 Earnings Audio Conference Call on Wednesday, 22nd February, 2023 at 4:00 PM IST Avanti Feeds Limited (AFL) will host an Audio Conference Call for investors and analysts to discuss its results and developments in Q3FY23. The call will be addressed by the senior management.
Slide 3: Avanti Feeds Ltd Q3FY23 Result Presentation
AVANTI FEEDS LTD Q3FY23 RESULT PRESENTATION 1
Slide 4: Disclaimer
DISCLAIMER • This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fai
Slide 5: Index
INDEX RESULT HIGHLIGHTS OPERATIONAL HIGHLIGHTS THE PATH FORWARD FINANCIAL STATEMENTS ANNEXURE 3
Slide 6: Consol Q3FY23 Results Highlights
CONSOL Q3FY23 RESULTS HIGHLIGHTS REVENUES (INR Mn) EBITDA (INR Mn) EBITDA (%) PAT (INR Mn) PAT (%) 4% 39% 220 bps 240 bps 61% 11,317 9 1,073 6 706 10,875 4 770 439 7 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 4 1
Slide 7: Consol Nine Months Highlights
CONSOL NINE MONTHS HIGHLIGHTS REVENUES (INR Mn) EBITDA (INR Mn) EBITDA (%) PAT (INR Mn) PAT (%) 77% 35% 111 bps 180 bps 37% 40,619 3,180 5 2,107 8 2,356 4 6 37,691 1,534 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 Q3FY22 Q3FY23 5 2
Slide 8: Quarterly Results Snapshot
QUATERLY RESULTS SNAPSHOT Consolidated Profit & Loss (Rs mn) Q3FY23 Q3FY22 Y-o-Y Q2FY23 Q-o-Q 9MFY23 9MFY22 Y-o-Y Segment Revenues Shrimp Feed 8,573.8 8067.3 6.3% 10,208.2 -21.8% 31,766.8 32,682 5.8% Shrimp Processing 2,451.8 2,621.9 -6.5% 3,012.8 14.3% 8,100.5 4,355.2 16.1% • Q3FY23 revenues have i
Slide 9: Quarterly Management Commentary & Shrimp Exports
QUATERLY MANAGEMENT COMMENTARY & SHRIMP EXPORTS SHRIMP PROCESSING AND EXPORT SHRIMP FEED • In Q3FY23 shrimp processing revenue marginally declined by 6.5% • Total revenue for the shrimp feed business rose by 6.3% to to Rs. 2451.8 Mn as compared to Rs.2,621 Mn during Q3FY22 Rs. 8573.8 million for the
Slide 10: Quarterly Operational Metrics - Quarterly
QUATERLY OPERATIONAL METRICS - QUARTERLY Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Production (MT) Shrimp Feed 1,28,256 96,736 1,33,081 1,70,303 1,27,798 1,05,329 1,33,368 1,67,285 123,464 105,764 Shrimp Processing 2,436 3,637 2,847 3,549 3,529 2,825 2,957 3,949 2,851 2,5
Slide 11: Operational Highlights Annually
OPERATIONAL HIGHLIGHTS ANNUALLY FY18 FY19 FY20 FY21 FY22 9MFY23 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 396,513 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 9,350 Sales (MT) Shrimp Feed 430,314 421,691 484,669 473,449 540,895 393,690 Shrimp Processing 7,857 11,065
Slide 12: Shrimp Feed & Export Scenario in India
INDUSTRY HIGHLIGHTS SHRIMP FEED & EXPORT SCENARIO IN INDIA • Though initially, it was expected that the Industry would grow by around 10% - 15% in 2022 as compared to 2021, however due to floods, deceases during end of 1st and main crop, shrimp culture did not register expected growth. On the other
Slide 13: Company Highlights Q3FY23
COMPANY HIGHLIGHTS Q3FY23 SHRIMP FEED • Shrimp Feed sales during the Q3FY23 is 106,313 MT as compared to 106,343 MT during the Q3FY22. Company sales marginally increased by by 30MT. • The commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh; has been successfu
Slide 14: Profit & Loss Statement - Quarterly
PROFIT & LOSS STATEMENT - QUARTERLY Consolidated Profit & Loss (INR mn) Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Income from Operations 11,316.2 9,154.3 10,981.1 14,088.1 12,260.0 10,689.2 13,322.4 15,693.0 13,221.0 11,025.8 Other Income 187.4 282.2 182.6 212.6 255.8 185
Slide 15: Profit & Loss Statement
PROFIT & LOSS STATEMENT Consolidated Profit & Loss (INR mn) FY18 FY19 FY20 FY21 FY22 9MFY23 Income from Operations 33,929.0 34,877.8 41,152.9 41,005.6 50,359.6 39,939.8 Other Income 482.5 538.3 702.3 925.8 816.7 679.7 Total Income 34,411.5 35,416.1 41,855.3 41,931.4 51,176.3 40,619.5 Operating Expen
Slide 16: Balance Sheet & Key Ratios
BALANCE SHEET & KEY RATIOS Consolidated Balance Sheet (INR mn) FY18 FY19 FY20 FY21 FY22 H1FY23 Share capital 90.8 136.2 136.2 136.2 136.2 136.2 Reserves and Surplus 11,407.7 13,436.8 15,947.7 19,895.6 21,473.9 21,981.1 Non-current liabilities 326.4 375.7 217.5 193.2 178.0 188.7 Current liabilities 3
Slide 17: Annexures
ANNEXURES 15
Slide 18: Stock Information
STOCK INFORMATION Market cap (INR) Shares outstanding BSE code: NSE code: ~64 bn – 136.25mn 512573 AVANTIFEED (as on 31st Dec 2022) (as on 31st Dec 2022) Shareholding Pattern as on 31st Dec, 2022 15.88 Avanti Feeds Sensex 11.34 43.28 15.44 14.06 Promoter FPI Foreign body corp DII Retail 16
Slide 19: Thank You
Thank You