Amira Nature Foods Ltd · OTC:ANFIF
Amira Nature Foods — Q2 2015 Earnings Presentation
22 slides from Amira Nature Foods's earnings presentation, Nov 26, 2014
Slide 1: Investor Presentation Fiscal Q2 2015 Results
Investor Presentation Fiscal Q2 2015 Results November 2014
Slide 2: Amira
November 2014 AMIRA www.amirafoods.com
Slide 3: Forward Looking Statement
3 Forward Looking Statement This release contains forward - looking statements within the meaning of the U.S. federal securities laws. These forward - looking statements generally can be identified by phrases such as that we or our members of management “believe,” “expect,” “anticipate,” “foresee,”
Slide 4: Amira Team
4 Amira Team Rajesh Arora Sr. Executive Director Finance Karan A. Chanana Chairman, Chief Executive Officer Bruce Wacha Chief Financial Officer Ashish Poddar Executive Director Finance
Slide 5: Q2 2015 Financial Highlights (Three Months)
5 3 Months Ended Q2 2015 Financial Highlights Revenue Key drivers Adjusted EBITDA Adjusted EPS % margin 13.1% 14.0% Revenue increased by $33.4 million, or 30.9% to $141.4 million driven by i ncreased sales volumes, pricing and mix of Basmati rice both in India and internationally ‒ Sales in India in
Slide 6: Q2 2015 Financial Highlights (Six Months)
6 6 Months Ended Q2 2015 Financial Highlights Revenue Key drivers Adjusted EBITDA Adjusted EPS % margin 13.2% 13.8% Revenue increased by $61.9 million, or 28.4% to $280.2 million driven by i ncreased sales volumes, pricing and mix both of Basmati rice in India and internationally ‒ Sales in India in
Slide 7: Q2 2015 Revenue Mix
7 3 Months Ended Q2 2015 Revenue Mix Branded vs. Institutional Revenue Mix India vs. International Revenue Mix Amira and Third Party Branded Sales Note: Sales to Institutional clients were $0.7 million in Q2 2015 from $30.7 million in Q2 2014 India Sales International Sales Institutional 0.5% Amira
Slide 8: Sales, Adjusted EBITDA and Margin Seasonality and Progression
8 Sales, Adjusted EBITDA and Margin Seasonality and Progression Over Time Fiscal 2013 and 2014 Revenue Distribution Fiscal 2013 and 2014 Adj. EBITDA Distribution Q1 2013 19% Q2 2013 19% Q3 2013 28% Q4 2013 34% Q1 2014 20% Q2 2014 20% Q3 2014 26% Q4 2014 34% Q1 2013 19% Q2 2014 20% Q3 2013 26% Q4 201
Slide 9: Key Working Capital Items
9 Inventories $255.0 $265.7 $251.3 % LTM sales 46.6% 46.1% 41.3% Trade receivables $80.9 $71.4 $86.5 % LTM sales 14.8% 12.4% 14.2% Trade payables $41.2 $23.7 $11.9 % LTM sales 7.5% 4.1% 1.9% Net Adjusted working capital $298.2 $311.1 $325.3 % LTM sales 54.5% 54.0% 53.4% Key Working Capital Items Not
Slide 10: Key Capital Structure Items
10 Cash equivalents and deposits $37.6 $32.8 $25.7 Total debt $184.8 $182.9 $184.2 LTM adjusted EBITDA $75.5 $80.0 $ 85.6 Total debt / LTM adjusted EBITDA 2.4x 2.3x 2.2x Net debt / LTM adjusted EBITDA 2.0x 1.9x 1.9x Key Capital Structure Items $ in millions Note: LTM sales and LTM adjusted EBITDA ha
Slide 11: Performance Since IPO – Quarters of Double Digit Growth
11 Amira Nature Foods Performance Since IPO – 9 Quarters of Double Digit Growth LTM Revenue ($ millions) LTM Adj. EBITDA ($ millions) Note: Includes non IFRS measures and calculations that have been derived from historical financial statements and has not been audited. (1) Adjusted EBITDA bar graph
Slide 12: Performance Since IPO – Track Record of Success
12 IPO (June 2012) Q1 2015 LTM Revenue $342.0 $609.2 Adjusted EBITDA $41.9 $85.6 % Adjusted EBITDA margin 12.3% 14.0% Share price $10.00 $16.10 Market cap $356.7 $578.4 Enterprise value $416.5 $736.9 Enterprise value / Adj. LTM EBITDA 10.0x 8.6x Amira Nature Foods Performance Since IPO – Track Recor
Slide 13: Outlook
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Slide 14: Appendix
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Slide 15: Condensed Consolidated Statements of Profit or Loss
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Slide 16: Condensed Consolidated Statements of Financial Position
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Slide 17: Condensed Consolidated Statements of Cash Flows
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Slide 18: Non IFRS Measures
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Slide 19: Non IFRS Reconciliations for Adj. EBITDA and Adj. Profit After Tax
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Slide 20: Non IFRS Reconciliation for Adjusted Earnings Per Share
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Slide 21: Q2 2015 LTM Revenue, EBITDA and PAT Reconciliation
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