Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q3 FY25 Earnings Presentation
22 slides from Apex Frozen Foods's earnings presentation, February 2025
Slide 1: Apex Frozen Foods Result Presentation Q3 & 9MFY25
Apex Frozen Foods Result Presentation Q3 & 9MFY25
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not f
Slide 3: Table of Contents
Table of Contents 01 Q3 & 9MFY25 Highlights 02 Company At a Glance 03 Annexure 3
Slide 4: Q3 & 9MFY25 Highlights
Q3 & 9MFY25 Highlights
Slide 5: Management Commentary
Management Commentary Global Demand: › Overall, the global Shrimp Demand and Pricing is improving for H2FY25 › Demand from the USA, one of the major global markets for Shrimp, continued to improve with inventories clearing up › The European Union (EU) market continued to remain robust; The Company w
Slide 6: Operational Highlights – Q3FY25
Operational Highlights – Q3FY25 Total Shrimp Sales (MT) Average Realization (Rs/Kg)* Geographical Mix (%) 37% 7% 13% 8% China & Others 3% USA 52% 749 2903 EU 2710 45% Q3FY25 2117 695 663 Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 ➢ While the Global Shrimp prices are increasing gradually, the Farmgate
Slide 7: Profit & Loss Highlights – Q3 & 9MFY25
Profit & Loss Highlights – Q3 & 9MFY25 Particulars (Rs Mn) Q3FY25 Q3FY24 Y-o-Y % Q2FY25 Q-o-Q % 9MFY25 9M FY24 Y-o-Y % Net Revenue 2,307 1,481 56% 1,995 16% 6,162 6,425 -4% Other Income 23 5 344% 7 255% 34 17 99% Total Income 2,331 1,486 57% 2,002 16% 6,196 6,442 -4% Raw Material Cost 1,756 967 82%
Slide 8: Profit & Loss Highlights - Annual
Profit & Loss Highlights - Annual Particulars (Rs Mn) FY21 FY22 FY23 FY24 Net Revenue 8,185 9,262 10,703 8,041 Other Income 75 57 17 32 Total Income 8,260 9,319 10,720 8,073 Raw Material Cost 5,531 6,150 7,419 5,627 Gross Margin (%) 33.0% 34.0% 30.8% 30.3% Employee Expenses 398 430 460 545 Other Exp
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Assets (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Shareholder’s Funds 4,684 4,900 4,971 4,929 Non-current Assets 2,656 2,803 2,708 2,613 Share Capital 313 313 313 313 Net Block 2,360 2,424 2,538 2,478 Reserves & Surplus 4,372 4,587 4,
Slide 10: Key Growth Drivers
Key Growth Drivers Well Experienced Management: Current Capacity Offers Headroom for Growth › Experience of ~3 decades in the › Low Sales (MT) to Capacity ratio aquaculture industry. › Also, awaiting regulatory › Good track record of providing 1 2 approvals for selling our RTE top-quality products.
Slide 11: Company at a Glance
Company at a Glance
Slide 12: The Growth Journey So Far…
The Growth Journey So Far… Commencement Export Market Capability Well-placed to Capitalize on Stage Penetration Expansion the Growth Opportunities (1995) (2004 – 2012) (2013 – 2021) (2022 – 24) Commenced business • Owned Processing Plant at • IPO and Listing on BSE & NSE in • Improved Product Mix: o
Slide 13: …To Having Built a Well-Integrated Operations
…To Having Built a Well-Integrated Operations Key Export Markets – FY24 One Of The Leading Exporters Of Processed Shrimp In India Catering to wide array of customers such as Food Companies, Retail Chains, Restaurants, Club Stores and Distributors spread across multiple geographies in the USA, Europe
Slide 14: Well Integrated Across Value Chain
Well Integrated Across Value Chain 1 2 3 4 Shrimp Seed Shrimp Pre-processing Logistics (Hatchery) Farming and Processing • Production of Specific • Cultivation of shrimp, which • Sizing and grading • Inhouse Cold Storage Pathogen Free (SPF) shrimp are reared in ponds in a • Deheading (Headless Shell
Slide 15: Strategically Located Facilities
Strategically Located Facilities Vizianagaram Srikakulam Andra Pradesh Three Hatcheries with a total capacity of 1.2-1.4 billion Vishakhapatnam SPF seed West Godavari East Godavari Two Processing plants with a total capacity of 34,240 Eluru Kakinada MTPA, along with Cold Storage capacity of ~3,500 M
Slide 16: Processing Capacity Offers Headroom for Growth
Processing Capacity Offers Headroom for Growth Total Capacity 34,240 MTPA Unit 1 – Kakinada, Andhra Pradesh Unit 2 - G. Ragampeta, Andhra Pradesh Ready-to-Cook products: 9,240 MTPA Ready-to-Cook products: 15,000 MTPA Cold Storage: 1,000 MT Ready-to-Eat products: 10,000 MTPA Cold Storage: 2,500 MT 10
Slide 17: Product Offering – Moving up the Value Chain
Product Offering – Moving up the Value Chain READY-TO-EAT (RTE) SPECIALTY PRODUCT Cooked Peeled & De-veined Tail–on PEELED PRODUCT Butterfly shrimp Cooked in Shell BASE PRODUCT Peeled, Deveined, Tail-on Skewered shrimp Shrimp Rings Peeled, Un-deveined, Tail-on Seasoned shrimp Dusted and Breaded Head
Slide 18: Annexure
FA APEX FROZEN FOODS LTD Annexure
Slide 19: India’s Seafood Exports Driven by Surging Shrimp Exports
India’s Seafood Exports Driven by Surging Shrimp Exports 1,735 1,782 1,377 1,393 1,369 1,290 1,135 1,149 1,051 1,024 1,066 928 984 946 813 862 778 641 811 637 678 559 603 700 682 694 572 673 700 662 477 548 728 711 716 566 614 652 590 301 358 374 434 126 131 151 189 229 FY09 FY10 FY11 FY12 FY13 FY14
Slide 20: Key Considerations for the Sector
Key Considerations for the Sector Demand Slowdown Disease Related Volatile Pricing Being an export-oriented Highly susceptible to Global imbalances in sector, any slowdown in outbreak of diseases, which demand-supply can consumption in key can have a detrimental impact pricing. Exchange markets like
Slide 21: Share Capital Information
Share Capital Information NSE / BSE code APEX / 540692 Shareholding Pattern as of 31-Dec-24 CMP (Rs/share) (as of 01-Feb-25) Rs 260 23.6% 0.4% Market Cap (Rs Cr) Rs 810 Cr 3.4% Shares outstanding (# Cr) 3.125 Cr 72.6% Face Value (Rs/share) Rs 10 Sector/Industry Aquaculture Location Kakinada, AP Prom
Slide 22: Thank You
Thank You Mr Chowdary Karuturi, Managing Director Apex Frozen Foods ir@apexfrozenfoods.com CIN: L15490AP2012PLC080067 Pooja Sharma | Suyash Samant Stellar IR Advisors Pvt. Ltd. pooja@stellar-ir.com | suyash@stellar-ir.com 22