Sundrop Brands Limited Shs Dematerialised · NSE:SUNDROP
Sundrop Brands Limited Shs Dematerialised — Agro Tech Foods — Q2 FY2022 Earnings Presentation
21 slides from Sundrop Brands Limited Shs Dematerialised's earnings presentation, Oct 22, 2021
Slide 1: Regulation 30 disclosure letter to stock exchanges
Agro Tech Foods Limited 22nd October 2021 The Manager, The Manager BSE Limited, Listing Department Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051. Ph. No. 022- 22721233 /
Slide 2: ATFL Business Update Q2, FY'22 Results
ATFL Business Update Q2, FY’22 Results October 22d, 2021
Slide 3: Company Strategic Vision
Company Strategic Vision The Best Performing Most Respected Foods Company in India 2
Slide 4: Quarter 2 – Key Performance Highlights
Quarter 2 – Key Performance Highlights Strong Foods Growth – High Commodity Inflation • Continued strong Foods Growth of 14%. YTD Growth of 21%. • Reduced Covid19 threat perception helps all Foods categories other than Ready to Cook. Likely share loss in PB being addressed. • Premium Oils Volumes up
Slide 5: Performance Highlights by Category
Performance Highlights by Category 1. Ready to Cook Snacks 2. Ready to Eat Snacks 3. Spreads (Rs. 10,000 crore) (Rs. 35,000 crore) (Rs. 2300 crore) 4. Breakfast Cereals 5. Chocolate Confectionery 6. Edible Oils (Rs. 2900 crore) (Rs.15,000 crore) (Rs. 194,000 crore) 4 * Category Sizes in Brackets
Slide 6: Ready to Cook Snacks
Ready to Cook Snacks Ready to Cook Q1 Q2 YTD FY’22 Volume +36% +11% +21% Value +39% +12% +23% • Lower Covid19 threat perception reflected in softening of RTC growth rate. • Price increases executed on Premium Popcorn and Sweet Corn to partially offset higher commodity prices. Full impact in second h
Slide 7: Ready to Eat Snacks
Ready Ready to to Eat Eat Snacks Snacks YTD Ready to Eat Q1 Q2 FY’22 Volume +1% +18% +11% Value +9% +15% +13% • Clear recovery with lower Covid19 threat perception. • YTD Value Growth reflects stronger performance of Popcorn with higher Net Sales realization and changes in Go To Market in July 2020.
Slide 8: Spreads & Dips
Spreads & Dips Spreads & Dips Q1 Q2 YTD FY’22 Volume +12% +6% +9% Value +15% +7% +10% • In market execution to strengthen position in the Rs.100 to Rs. 200 range of Peanut Butter price points underway. • Monthly trends positive and indicate that actions are yielding expected results. • Work also und
Slide 9: Breakfast Cereals
Breakfast Cereals Cereals Q1 Q2 YTD FY’22 ...,,.,,.,, Volume +82% +55% +65% :..., .. NUr'"fn~v ON tT MU&~ltl.O i:I AT 6 Value +60% +36% +45% ~ I 1~ 1~~~ • With lower Covid19 threat perception and increased market working, renewed focus on the Category to build Distribution and acquire Consumers. • L
Slide 10: Chocolate
Chocolate Chocolates Q1 Q2 YTD FY’22 Volume +105% +534% +296% Value +149% +768% +422% • Monthly revenues up to a little under Rs. 1 crore – fastest and possibly easiest expansion of distribution for any new product at ATFL. ~~~ • All indications that the product can become our lead Distribution SKU
Slide 11: Edible Oils
Edible Oils Premium Oils Q1 Q2 YTD FY’22 Volume -12% +4% -4% Value +20% +36% +28% Mass Oils Q1 Q2 YTD FY’22 Volume -71% -51% -62% ~ Value -50% -26% -38%_J ~ - - - - - - - - - _ _ _ _ i __ _ __l__ _ __j_ _ _ ;; - - -~ • Premium Oils up 4% Volume - in line with expectations of a mid single digit perfo
Slide 12: Competitive Update
Competitive Update (As of September 24th))
Slide 13: Snacks: Competition Spends
Snacks: Competition Spends Rs. Million F-17 F-18 F-19 FY20 Q1-21 Q2-21 Q3-21 Q4-21 FY21 Q1-22 Jul-21 Aug-21 Sep-21 Q2-22 ACT II 110 74 38 45 13 32 20 30 95 18 10 10 10 30 Lays 148 374 252 491 28 83 79 145 335 238 78 54 40 172 Kurkure 196 260 396 321 0 61 111 64 237 98 15 1 1 18 Doritos 0 128 150 252
Slide 14: Spreads: Competition Spends
Spreads: Competition Spends Rs Million F-13 F-14 F-15 F-16 F-17 F18 F-19 FY-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1-22 Jul'21 Aug'21 Sep'21 Q2-22 Kissan Jam- 254 207 304 381 357 512 704 752 218 218 110 134 679 156 55 50 47 152 Kissan PB 101 95 196 109 35 29 45 109 Sundrop PB 0 0 42 64 56 30 16 20 8 18 1
Slide 15: Breakfast Cereals: Competition Spends
Breakfast Cereals: Competition Spends Jul’ Aug’ Sep’ Q2- Rs Million FY-17 FY-18 FY-19 FY-20 Q1-21 Q2-20 Q3-21 Q4-21 FY-21 Q1-22 21 21 21 22 Kelloggs Cornflakes - 202 265 390 230 7 118 88 142 355 124 42 33 46 121 Total Kelloggs Chocos Fills 0 125 203 17 0 0 9 0 9 0 0 0 0 0 Kelloggs Chocos - 310 362 5
Slide 16: Chocolates: Competition Spends
Chocolates: Competition Spends Final Brand ( In Million) FY- 18 FY- 19 FY-20 Q1 Q2 Q3 Q4 FY-21 Q1-22 Jul-21 Aug-21 Sep-21 Q2-22 Cadbury 5 Star 744 482 727 102 192 385 281 960 150 53 80 113 247 Cadburys Celebration 138 212 277 0 79 320 0 399 0 56 0 56 Dairy Milk 2229 2166 2362 209 915 1082 771 2978 8
Slide 17: Edible Oils: Competition Spends
Edible Oils: Competition Spends Jul’ Aug’ Sep’ Rs Million F-12 F-13 F-14 F-15 F-16 F-17 F-18 F-19 FY-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1-22 Q2-22 21 21 21 Sundrop Heart 88 94 50 65 46 34 21 0 0 0 0 0 0 0 0 0 0 0 0 Saffola 121 212 356 291 338 320 588 544 527 114 145 61 81 400 116 69 2 0 71 Fortune 0
Slide 18: Noodles: Competition Spends
Noodles: Competition Spends Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1- 22 Jul’21 Aug’21 Sep’21 Q2-22 Chings Noodles 17 2 19 20 0 40 0 Wai Wai 0 0 0 1 17 19 6 Knorr Soupy Noodles 0 0 140 0 0 140 0 Sunfeast Yippee noodles 81 168 85 336 57 647 185 21 24 36 81 Sunfeast Yippee Sa
Slide 19: Pasta: Competition Spends
Pasta: Competition Spends Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1- 22 Jul’21 Aug’21 Sep’21 Q2-22 Bambino Pasta 0 0 0 0 0 1 0 0 Sunfeast Yippee pasta 0 0 90 1 1 93 0 0 1 1 Keya Italiano Pasta 2 0 0 0 0 0 0 0 Maggi Pazzta 0 0 0 24 26 50 1 0 85 85 Maggi Pazzta Cheese Macaroni
Slide 20: Soups: Competition Spends
Soups: Competition Spends Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1-22 Jul-21 Aug-21 Sep-21 Q2-22 Chings Instant Soups 3 0 37 29 1 66 3 3 5 Eastern Instant Rasam 1 1 8 0 0 9 Knorr Chicken Delite Soup 8 19 23 42 23 107 8 8 7 6 21 Knorr Chinese Manchurian 6 0 51 0 0 51 33 Knor
Slide 21: Summary & Way Forward
Summary & Way Forward • Maintaining Strong growth in Foods without being derailed by commodity headwinds clearly the priority. • Second half expectation of reduced impact of commodity costs, increased Pricing and Volume driven Margin Improvement. • Edible Oils trending well to PY confirming impact o