Lt Foods Limited · NSE:LTFOODS
Lt Foods — Q1 FY23 Earnings Presentation
41 slides from Lt Foods's earnings presentation, Jul 29, 2022
Slide 1: LT Foods Investor Presentation Q1 FY23
imited L LT Foods Investor LT FOODS Zoe Aine
Slide 2: Safe Harbour
Safe Harbour oe LT FOODS 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
Slide 3: Index
LT FOODS INDEX k=l @1 FY23 Results Highlights hea Company Overview Integrated Farm to Fork =: Model Financial Overview a Strategy and Outlook oe
Slide 4: Highlights
Highlights 4
Slide 5: LT FOODS
o LT FOODS geomet Or — FB% FP owwnicsoaron 19% fF € € Premium Portfolio 53 Ae | Soe i 1 00 %P € € Consumer Business 3 9 Ae | €
Slide 6: Q1 FY23 Key Highlights (YoY)
Q1 FY23 Key Highlights (YoY) ₹ ₹ ₹ 6
Slide 7: Revenue, Gross Profit, EBITDA, EBIT, PBT, PAT
| Revenue ( ] Gross Profit ( ] EBITDA ( 32% 9 a 26% 19% HS QUFY22 QIFY23 QUFY22 QIFY23 QUFY22 QIFY23 | EBIT ( | PBT ( ] PAT ( 23% 26% 25% ; QiFy22 QUFY23 QIFY22 QUFY23 QiFy22 QUFY23 . All Figures in & Crore unless specified Revenue up 32% y-o-y aided by accelerated brand investments across all 3 bus
Slide 8: Segment Update - Basmati & Other Specialty Rice
Segment Update - Basmati & Other Specialty Rice | Revenue ( _ —— 40% sg, 304 5.651 if ; FY 21 FY 22 Gross Profit & ( Margin QUFY22 QUFY23 A\l Figures in € Crore unless specified | Decline in EBITDA Margins on account of Exceptional increase in Input Cost and Freight Cost orP ation Q1 FY23 | Revenue
Slide 9: Segment Update - Organic Segment
Segment Update - Organic Segment o LT FOODS } Revenue ( | evonue ( ons 705 302 A ~ 381 19% FY20 FY 21 FY 22 QIFY22 QUIFY23 | Gross Profit & ( | EBITDA ( Margin & Margin 28.1% 4.7% 10.4% 2 84 57 WHOLE GHIGKPER z QIFY22 QUFY23 QUFY22 QIFY23 All Figures in & Crore unless specified ation Q1 FY23 9
Slide 10: Segment Update - Convenience & Health Segment
Segment Update - Convenience & Health Segment | Revenue £ 121 oe ae O75 7 [1 Ee EE FY20 FY 21 FY 22 Gross Profit & £ Margin — 1.9%14 All Figures in & Crore unless specified Q1 FY23 LT Foods Investor P: | | Revenue & Growth QUFY22 EBITDA & Margin E 43 QIUFY23 E -3 -4 QIFY22 QIFY23 13% _____—* -8% o L
Slide 11: Company Overview
LT FOODS > 2 e @ > oO
Slide 12: LT Foods is a Global Consumer Food Company
LT Foods is a Global Consumer Food Company which deals in Basmati and Other Specialty Rice, Organic Food and Ingredient business and Convenience & Health segments F Strive to deliver the finest quality Leading Brands food products to its consumers 1 300+ 9 across ) Extensive distribution network man
Slide 13: Revenue by geography and segment
USA India New Products Others Europe Middle East Organic Basmati & Other Specialty Rice Rest of World ₹ 13
Slide 14: Basmati & Other Specialty Rice (Daawat)
sama DAWA | DAAWAT. ———- = Strong and established Player in Consumer business in this segment = Present in 60+ countries with Flagship brands Daawat, Royal and other regional brands — Heritage, 817 Elephant, Gold Seal Indus Valley, Golden Star, Rozana, Devaaya = Present omni-channel via 1200+ distri
Slide 15: Integrated Farm to Fork Model
LT FOODS vi y Integrated Farm to Fork Model rs a
Slide 16: Complete control on the value chain from Farm to Fork
o LT FOODS Complete control on the value chain from “Farm to Fork” Strong Food Safety & Quality Brands Assurance Global Supply Chain Hubs and Well-Entrenched Distribution Network Effective procurement Leading the way Responsibly Sustainable Farming Strong Financials 16
Slide 17: Sustainable Farming and Effective Procurement
o LT FOODS Sustainable Farming Sustainable Rice Platform (SRP) program: 13,000+ farmers trained under sustainable farming practices through its SRP program to grow paddy in compliance with the SRP standards Satellite based remote sensing: Application of advanced technologies such as satellite based
Slide 18: Global Supply Chain Hubs and Distribution Network
Global Supply Chain Hubs Strategically located State of the Art Manufacturing Facilities in India, US and Europe Adopted Automation across all our Manufacturing Facilities to ensure reduction in delivery time cost efficiencies Global Supply Chain network spanning across continents to ensure an unint
Slide 19: Strong Brands
o LT FOODS Strong Brands Flagship Brands “Daawat” and “Royal” enjoy leadership positions in AAW, India, US and other geographies D A 1] Other brands such as Heritage, Devaaya, Gold Seal Indus Valley, The FINE S T 817 Elephant, Golden Star, Rozana also enjoy leadership position in other untris — coun
Slide 20: Food Safety & Quality Assurance; Leading the Way Responsibly
Food Safety & Quality & Assurance State-of-the-art testing facilities to enable wide range of tests to verify safety, identity and purity of food products Stringent food safety standards at both India & international levels Compliance with local and global standards like NABL, FSSAI, EIC, EU & USFDA
Slide 21: Revenue, Profit After Tax and Return on Equity
o LT FOODS All Figures in & Crore unless specified A Revenue «a Profit After Tax _) Return On Equity (%) 309 14 A A A 42% 31% 10 480 bps CAGR 137 CAGR 7 FY19 FY22 FY19 FY22 FY19 FY22 = Growth in Revenue supported by strengthening the brands, widening distribution network across the globe, increasing
Slide 22: Organic Food Industry
Organic Food Industry 22
Slide 23: Financial Overview
o LT FOODS =, Financial S Overview stor Presentation Q1 FY23
Slide 24: Revenue, Gross Profit, EBITDA, PBT and PAT FY19-FY22
| Revenue f 5,451 4,773 3, i 4,173 | L FY22 L 19 FY 20 FY 21 ] Finance Cost ( 3.6% 3.2% > 43g 8" 13 1.3% FY 19 FY 20 FY 21 FyY22 All Figures in ® Crore unless specified Gross Profit & ( Margin 33.7% 33.7% 1,608 1,836 7 1,202 if l L 19 i FY 21 Profit Before Tax & Margin 5.5% 87% 8.4% 7.8% 214 81 it I
Slide 25: Cash Flow, Debt/Equity, Ratios and Credit Rating
4 Cash Flow from Operations (€ crore) Debt/Equity e. 4.0 4.2 =@=Total Debt —e=Long Term Debt 477 445 517 29 0.7 07 . 05 24 1.7 103, 0.4 0.1 e © On 0.1 FY 19 FY 20 FY 21 FY22 FY 19 FY 20 FY 21 FY22 FY 19 FY 20 FY at Fy22 Book value . 4 Interest o A per share (@) Current Ratio Coverage Ratio 67.2 7.2
Slide 26: Slide 26
Slide 27: Capital Allocation Plan
Capital Allocation Plan We aim to balance the objectives of ploughing back earnings to support sustained growth, debt reduction and appropriate reward to shareholders through dividends a) | Growth Utilizing the free cash flow generated for the growth in its Basmati and Other Specialty Rice segment a
Slide 28: Golden Star Acquisition and Daawat Biryani Kit Launch
o LT FOODS Completed Acquisition of Golden Star (51% stake) LT Foods has completed acquisition of 51% stake in Golden Star Trading Inc. along with its brand Golden Star via its subsidiary LT Foods Americas Inc. (LTFA) with a call option to further acquire 49% stake at the of 3 years. Through this ac
Slide 29: World's First Biryani Day
World’s First Biryani Day Influencers 20+ Influencers , combined reach of 5Cr Outdoor alkalies 15 Cities, 40+ hoardings 8Cr+ Impressions in Digital FY23 oS LT FOODS DAAWAT, Digital > | V ae ouTube es, World’s 9 gaana st peo Radio MOBILE AD inshorts BR. Neck tags; Influencers; Social Collab post; Dis
Slide 30: Iss Eid ki Biryani Sirf Daawat Biryani
“Iss Eid ki Biryani Sirf Daawat Biryani” Qe 5000+ spots 3 Weeks Campaign 1.5Cr+ Impressions on 6 Sec potomce </7/ 73% Prime time spots y colors 2 Cr+ Views 60L+ views on 30 Sec = tqapqeq-aunched Daawat Festive Feast Pack Peay EE DAAWAT Festive ~Fe sts Th 30
Slide 31: Strategic Pillars: Growth, Margin Expansion, Financial Metrics
7) LT FOODS Focus on strategic pillars of Growth, Margin Expansion and Strengthening of Financial Metrics to create a fully integrated, global, strong, progressive, sustainable, predictable, profitable, and growing consumer business 4 4 Margin a 4 Strengthen e Expansion Financial Metrics Solidify th
Slide 32: Bi a & gi HE
Bi a & gi HE
Slide 33: Environmental Social Governance
Environmental Social Governance 33
Slide 34: Sustainable Farming
Sustainable Farming 47,000 acres under land laser levelling and AWD (2020 and 2021): = Reduction in Fertilisers cost by 27% = Reduction in Pesticide cost by 26% = 9% increase in paddy yield = 26% increase in farmer profitability 1.4 lakh acres of organic certified farming 13,000 farmers trained on s
Slide 35: ESG - Environmental Indicators
ESG - Environmental Indicators Water Conservation 4 Water saving of ~113 Billion litres over 3 years through land laser © levelling _— Water Conservation Project=== covering 12 villages (11 stop i<cpa dams and 4 ponds) 2 Zero water discharge and Rainwater harvesting facility at all factories 66e Sus
Slide 36: Climate Change
o LT FOODS Climate Change 46% electricity from 1 Lakh trees planted 170 acres of land destined renewable sources (2020 to 2022) to biodiversity 2500 energy efficient HOD SON SHES cookstoves and solar lamps to rural families ation Q1 FY23 36 for LT Foods Ltd.; Daawat Foods Ltd., Nature Bio Food Ltd.,
Slide 37: Social indicators
SG LT FOODS ) Zero fatality at workplace 30+ ESG certification ae) 27,000 MT fair trade HES certified products LT Foods Investor Presentation Q1 FY23 37 for LT Foods Ltd. Daawat Foods Ltd., Nature Bio Food Ltd., Eoopure Spe
Slide 38: Infrastructure development and community
Infrastructure development for Clean drinking water to over 4 4 10 villages (building, roads, 20,000 beneficiaries >, drainage, community centre etc.) Awareness for menstrual Adopted 19 schools for » 4 hygiene and setting up sanitary BAH improving infrastructure and pad units quality education SG LT
Slide 39: Governance: Board composition
o LTFoops 2 or less number of directorship 57% Independent directors of independent directors in other listed companies F 29% gender diversity at . =| 100% Board Attendance board 1 00% Audit Committee Independent Nomination and Remuneration Committee
Slide 40: Promoter shares are unencumbered
₹ ₹ Promoter shares are unencumbered 40
Slide 41: Investor Contact
Investor Contact 7) Ms. Monika Chawla Jaggia (2) Monika.Jaggia@ltgroup.in © 0124-3055210 (@ Itgroup.in e DaawatBasmatiOfficialAuthenticRoyalFoods Q CIN: L74899DL1990PLC041790 © Corporate Office Address: © Registered Office Address: 4th Floor, MVL | Park, Unit-134, 1st Floor, Rectangle-1, Saket Secto