Lt Foods Limited · NSE:LTFOODS
Lt Foods — Investor Presentation (May 2019)
31 slides from Lt Foods's investor presentation, May 17, 2019
Slide 1: Investor Presentation
Investor Presentation May 2019 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by LT Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 3: Q4 and FY19 Financial Highlight
Q4 and FY19 Financial Highlight 3
Slide 4: Earnings highlights – Q4FY19 & FY19
Earnings highlights – Q4FY19 & FY19 All Figures in Rs Cr unless specified Quarterly % growth is YoY Revenue EBITDA & EBITDA Margin PAT & PAT Margin 115 10.1% 9.4% 9.6% 40 5% 110 10% 3.2% 1,117 4% 1,078 30 3.4% 105 Q4FY19 2.1% 3% 1,018 112 5% 20 38 100 35 2% 95 101 10 22 98 1% 90 0% 0 0% Q4FY18 Q3FY1
Slide 5: Earnings highlights - Business segment performance
Earnings highlights - Business segment performance All Figures in Rs Cr unless specified Branded Revenue Private Label Revenue Organic Revenue 587 612 584 382 107 565 535 363 88 83 84 89 286 235 135 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4F
Slide 6: Earnings highlights – Inventory & Working capital
Earnings highlights – Inventory & Working capital Working capital days Inventory Days Mar-18 Mar-19 216 235 236 258 273 274 241 235 47 45 216 222 27 22 196 186 Inventory daysPayables days Receivables Working days capital days Inventory Volume (Th MT) Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19
Slide 7: Earnings highlights – Key financial ratios
Earnings highlights – Key financial ratios 2.08 1.92 1.26 1.26 1.25 1.22 1.18 1.06 Net Debt/ Equity Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 1,318 1,399 1,435 1,198 1,232 1,267 689 774 Net Worth In Rs Cr Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 16.2% 16.1% 14.8% 12.8% 1
Slide 8: Our growth through the years
Our growth through the years All Figures in Rs Cr unless specified Revenue EBITDA & EBITDA Margin EBITDA EBITDA Margin 3,915 3,650 12.2% 12.3% 3,293 600 11.3% 12% 2,980 10.8% 406 414 421 9% 400 363 6% 200 3% 0 0% FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 PAT & PAT Margin Working Capital PAT PAT Margin
Slide 9: LT Foods – At a glance
LT Foods – At a glance 9
Slide 10: LT Foods is a leading rice-based food company with strong global brands
LT Foods is a leading rice-based food company with strong global brands of basmati and other specialty rice, organic foods and rice-based convenience products “DAAWAT” - the flagship brand is the FY19 Financials leading brand in India and 65+ Iconic countries Net Sales Net Profit EBITDA EPS Brands “
Slide 11: Our 50-year journey from a bulk rice player to a leading rice-based food company
Our 50-year journey from a bulk rice player to a leading rice-based food company… Strategic Acquisitions Next Stage of Growth Focus on Brands and Product Value Chain ✓ Expanded our presence to 65+ countries ✓ To become category leader in key Foundation markets ✓ Presence extended to 35+ countries ✓
Slide 12: Creating Enduring Value
Drivers of Growth Creating Building Deepening Enduring Strong Global Value Brands Presence LT Foods Investor presentation, May 2019 12
Slide 13: Creating Enduring Value
Creating Enduring Value 13
Slide 14: The opportunity landscape of quality food segment
The opportunity landscape of quality food segment • In 2017, India accounted for 23% of global rice production. India is also one • Rising affluence and urbanisation are changing consumption patterns in of the greatest consumers of rice, (97 m tonnes in 2017). India. • ‘Basmati’ rice is the most pre
Slide 15: Driven by 'Farm to Fork' – our integrated business model
Driven by ‘Farm to Fork’ – our integrated business model… Robust backward integration through partnerships with farmers under Sustainable Rice Production Programs to deliver residue- compliant State-of the-art packaging facilities not Continuous innovation of processes and systems to products. only
Slide 16: …and our Integrated Manufacturing facilities
…and our Integrated Manufacturing facilities Sonepat Sonepat Bhopal Amritsar Varpal (Bahalgarh) (Kamaspur) Rice Capacity (TPH) 43 5 (organic rice) 35 6 12 Key products Rice, plain chips, Rice (golden, Organic rice chips seasoning, Rice and creamy, boiled, Raw rice and snack rice/wheat flour, parboil
Slide 17: Perfectly positioned to leverage on the growing opportunity
Perfectly positioned to leverage on the growing opportunity FY19 Revenue Our Business Segments Direct customers Brands share DAAWAT, Royal®, Includes the flagship brand ‘DAAWAT’ & ‘Royal®’ Established Gold Seal Indus Branded (No. 1 in US) channel partners Valley, Rozana, ~59% Business Other brands i
Slide 18: Raising the bar through continuous innovation
Raising the bar through continuous innovation Product Innovation ✓ Two product innovation centres, one in Gurugram, India and ✓ ‘DAAWAT Rozana Gold Plus’ - a unique one in California, USA, with a team of dedicated research blend of flavoursome white basmati and personnel. fibre rich Brown Rice. ✓ In
Slide 19: Business segment performance over the years
Business segment performance over the years All Figures in Rs Cr unless specified Branded Revenue Private Label Revenue Organic Revenue 2,318 2,130 962 1,019 352 362 1,802 1,564 742 241 606 224 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Branded & Private Label Volume Branded Domesti
Slide 20: Building Strong Brands
Building Strong Brands 20
Slide 21: Our strong brands drive superiority in core markets
Our strong brands drive superiority in core markets 27% Market share in India – Rural & Urban By Independent By Reader’s Digest By Economic times Organization Branding expenses ( Rs crs) 29% Market share in India – Modern Trade Branding Exp. As % of branded sales 200 7% 6% 150 6.0% 5% 4.4% 108 94 3.
Slide 22: Our strong brand portfolio
Our strong brand portfolio Wide range of brands, with an offering for every occasion and every recipe, enabling it to cater to various customer segments, across income groups and channels/geographies The flagship brand, with a Strengthening our position in legacy of over 30 years, Saudi Arabia, UAE
Slide 23: Our market-leading brands in action
Our market-leading brands in action… 4.6+ mn recipe views in YouTube in the last 6 months Highest Subscriber base in our Category in YouTube 2,30,000+ visits to Biryani corner on our Website 1,30,000+ Fan Base in Facebook LT Foods Investor presentation, May 2019 23
Slide 24: Brand DAAWAT (The Finest)
Brand DAAWAT (The Finest) 27%+ share in Leading brand in 65+ countries branded rice A legacy of over 30 years market in India • Offering premium quality basmati rice across all points in India and globally. • Consumer need based product range – recipe variants such as biryani and pulao, food service
Slide 25: Brand Royal (No. 1 in USA)
Brand Royal® (No. 1 in USA) Largest selling basmati rice brand in the US 45%+ share of the US basmati rice • The brand’s product portfolio consists of Basmati segment rice, Jasmine rice, Arborio rice, wheat flour, and flavoured rice. • Leveraging the brand’s equity and distribution network, to expan
Slide 26: Organic Foods
Organic Foods Organic business is one of the fastest growing segments in LT Foods 44% CAGR between 2013 and • Nature Bio Foods Limited (wholly owned subsidiary), 2018. has emerged as a trustworthy and innovative global leader in providing authentic organic ingredients to the global consumers. 90% of
Slide 27: Deepening Global Presence
Deepening Global Presence 27
Slide 28: LT Foods is a globally significant player
LT Foods is a globally significant player Broadening our footprint globally, presence in 65 countries Augmented our capabilities in geographies where already present - such as the US and the EU; strengthening our presence through Middle East organic and inorganic route in other like the UK; Europe •
Slide 29: Shareholding pattern
Shareholding pattern As on Mar 31, 2019 Other - 33% Promoter - 56% FPI - 2% MF - 9% LT Foods Investor presentation, May 2019 29
Slide 30: Board of Directors
Board of Directors LT Foods Investor presentation, May 2019 30
Slide 31: Investor Contact
CIN: L74899DL1990PLC041790 Investor Contact Website: http://www.ltgroup.in/ Ms Monika Chawla Jaggia Email - Monika.Jaggia@ltgroup.in Address : Unit-134, 1st Floor, Rectangle-1, Saket District Tel - 0124-3055210 DaawatBasmatiOfficial Centre, Saket, AuthenticRoyalFoods New Delhi-110017 31