Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q1 FY24 Earnings Presentation
22 slides from Godrej Agrovet's earnings presentation, Aug 1, 2023
Slide 1: Exchange filing cover letter: Presentation to Investors & Analysts
Date: August 1, 2023 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts De
Slide 2: Godrej Agrovet Limited Q1 FY24 Performance Update
GODREJ AGROVET LIMITED Q1 FY24 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: ESG Update
ESG UPDATE 3 I Godrej Agrovet
Slide 5: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 76% 7x GAVL’s Renewable energy portfolio Water conservation ✓ Installed Solar rooftops at 20+ manufacturing sites ✓ A water positive company; 14 million m3 water sequestered # ✓ Vegetable Oil business’ renewable energy portfolio ~100% of to
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Committed to the global Science Council for Sustainable ▪ Signatories to the global EP100 Based Targets initiative (SBTi) to Development framework created by the Climate reduce our emissions in line with ▪ Signatories to th
Slide 7: Strong commitment to CSR
STRONG COMMITMENT TO CSR Grameen Vikas: Brighter Farming ✓ Dairy training and awareness was conducted for 3,619 dairy farmers to enhance the productivity and cattle management ✓ 23 farmers were covered in trainings on Bee Hotels for basic and technical module ✓ 363 animals were benefited through vet
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS 7 I Godrej Agrovet
Slide 9: Key Highlights – Q1 FY24
KEY HIGHLIGHTS – Q1 FY24 EBITDA Growth +22% PAT Growth +25% Crop Protection Business +34% Topline growth Godrej Tyson +50% EBITDA growth In-house portfolio volume +74% EBIT Margin 32.0% Topline growth +25% Real Good Chicken Volume +18% Animal Feed – Sustained volume growth Dairy – EBITDA positive Ca
Slide 10: Q1 FY24 Consolidated Financials – Key Highlights
Q1 FY24 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Financial Highlights Q1 FY24 Q1 FY23 Growth (Rs. Crore unless Stated) Revenues 2,510 2,510 - Earnings before interest, tax and Depreciation (EBITDA) 207 169 22.2% EBITDA Margin (%) 8.2% 6.7% Profit before Tax & Share of Profit of Equity Accounted 124
Slide 11: Q1 FY24 Segment-wise Revenue and PBIT
Q1 FY24 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – Q1 FY24 Segment results (2) – Q1 FY24 Others, 1.7% Others, 2.3% Poultry & processed food, 11.6% Poultry & processed food, 14.1% Animal Feed, Animal Feed, 28.3% 47.9% Dairy, 15.8% Dairy, -1.3% Crop Protection, Crop 14.3% Protection, Oil Pal
Slide 12: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 11 I Godrej Agrovet
Slide 13: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q1 FY24 Q1 FY23 Growth Sales Volume (tons) 3,74,215 3,52,983 6.0% Segment Revenue (Cr) 1,285 1,246 3.1% Segment Result (Cr) 54 24 120.4% Segment Margin (%) 4.2% 2.0% • Sustained mar
Slide 14: Oil Palm Business
OIL PALM BUSINESS Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q1 FY24 Q1 FY23 Growth CPO Realisations (₹ per MT) 81,295 1,39,302 -41.6% PKO Realisations (₹ per MT) 1,02,575 2,06,934 -50.4% Segment Revenue (Cr) 232 385 -39.9% Segment Result (Cr) 28 86 -67.3% Segment Ma
Slide 15: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q1 FY24 Q1 FY23 Growth Segment Revenue (Cr) 264 198 +33.7% Segment Result (Cr) 85 26 +224.3% Segment Margin (%) 32.0% 13.2% • Standalone Crop Protection segment delivered record topline and margin perfo
Slide 16: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q1 FY24 Q1 FY23 Growth Revenues (Cr) 143 184 -22.5% EBITDA (Cr) 5 28 -82.8% EBITDA Margin (%) 3.4% 15.3% • Astec continued to face demand-supply imbalance in its enterprise products portfolio in both domestic
Slide 17: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q1 FY24 Q1 FY23 Growth Revenues (Cr) 424 393 +7.9% EBITDA (Cr) 6 (2) NM EBITDA Margin (%) 1.5% (0.6%) NM • Dairy business turned EBITDA positive in Q1 FY24 led by buoyant margin performance acro
Slide 18: Godrej Tyson Foods Limited and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q1 FY24 Q1 FY23 Growth Revenues (Cr) 310 248 +25.0% EBITDA (Cr) 31 21 +50.2% EBITDA Margin (%) 10.1% 8.4% • GTFL recorded excellent all-round performance in Q1 FY24 with topline and profitability growth across categories • Healthy volume growth in branded busin
Slide 19: Annexures
ANNEXURES 18 I Godrej Agrovet
Slide 20: Shareholding Pattern as of June 30, 2023
SHAREHOLDING PATTERN AS OF JUNE 30, 2023 FII Major Investors 9.7% DII ➢ Temasek 6.6% ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 9.6% ➢ Kotak Mutual Fund ➢ DSP ➢ Bajaj Holdings Promoters 74.0% 19 I Godrej Agrovet
Slide 21: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Aditya Desai Email: s.varadaraj@godrejagrovet.com Email: aditya.desai@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 20 I Godrej Agrovet
Slide 22: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 21 I Godrej Agrovet