Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — H1 FY21 Earnings Presentation
21 slides from Apex Frozen Foods's earnings presentation, Nov 18, 2020
Slide 1: Exchange filing cover letter
A 3 -160, Panasapadu, Kakinada 533 005 . Andhra Pradesh India FA FROZEN FOODS LTD. off +91 884 2383902 - 4 (3 lines) fax +91 884 2383905 - 6 kkd@apexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 18" November, 2020 To To The General Manager, The General Manager, Department of Corporate Services, L
Slide 2: Apex Frozen Foods Result Presentation Q2/H1 FY21
Apex Frozen Foods Result Presentation Q2/H1 FY21
Slide 3: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Key Business Updates – Q2/H1 FY21
Key Business Updates – Q2/H1 FY21
Slide 5: Operational Highlights
4 Operational Highlights Geographical Mix 01 Volumes Sold (MT) 02 4 China Q2 FY21 Europe 1.6% 3,671 3,745 14.7% 3,196 USA 83.7% Q2 FY21 Q2 FY20 Q1 FY21 Geographical Mix 04 Volumes Sold (MT) 03 China 7,356 10.3% Europe 6,867 H1 FY21 13.5% USA 76.2% H1 FY21 H1 FY20
Slide 6: Income Statement Highlights
5 Income Statement Highlights Standalone (Rs mn) Q2 FY21 Q2 FY20 Y-o-Y % Q1 FY21 Q-o-Q % H1 FY21 H1 FY20 Y-o-Y % 5 Net revenue 2,622 2,694 2,183 4,805 4,913 Other income 16 52 26 42 94 Total Income 2,638 2,746 -3.9 2,209 19.4 4,847 5,006 -3.2 Raw material 1,739 1,820 1,484 3,223 3,465 Employee expen
Slide 7: Balance Sheet Highlights
6 Balance Sheet Highlights Liabilities (Rs mn) Mar-20 Sep-20 Assets (Rs mn) Mar-20 Sep-20 6 Shareholder’s Funds 3,959 4,289 Non-current assets 2,913 2,834 Share capital 313 313 Net block 2,802 2,685 Reserves & surplus 3,646 3,977 Capital work-in-progress 28 90 Non-current liabilities 243 210 Other n
Slide 8: Company At a Glance
Company At a Glance We 22 ee eee | ee ee * 71 = 7 ‘se -
Slide 9: One of the Leading Exporters of Processed Shrimp in India
8 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY20 ▪ 8 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors in India European Union ▪ Diversified customer base of Food Companies, Retail Chains, Restaurant
Slide 10: Hatchery | Stepping-stone for Ensuring Quality Produce
9 Hatchery | Stepping-stone for Ensuring Quality Produce Processing 9 Hatchery Farming & Exports Process: Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Phase – II (Ongole) Currently under construction Location: North of Vizag Location: Ongole Likely completio
Slide 11: Farming | Critical Cushion for Consistent Supply
10 Farming | Critical Cushion for Consistent Supply Processing 10 Hatchery Farming & Exports Process: Cultivation of shrimp, which are reared in ponds in a bio-secured environment | Typical cycle of 90 - 120 days Farming operations spread across various locations in Andhra Pradesh ~50 acres ~1,500 a
Slide 12: Processing | Doubling of Capacity and Expanding the Product Line
11 Processing | Doubling of Capacity and Expanding the Product Line… Processing 11 Hatchery Farming & Exports Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 6000 6000 3000 3000 1
Slide 13: Moving up the Value Chain with Ready-to-Eat Product Offerings
12 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 12 Ready to Eat Cooked Peeled & De-veined Tail-on Cooked in Shell Specialty Product Shrimp Rings Butterfly Shrimp Dusted and Breaded Peeled Product Skewered Shrimp Par-fried Shrimp Peeled, Deveined, Tail-on Seasoned Shrimp Peeled Un
Slide 14: Key Factors to Consider for the Sector
13 Key Factors to Consider for the Sector 13 Demand Slowdown Disease Related Volatile Pricing Being an export-oriented sector, Highly susceptible to outbreak of Global imbalances in demand- any slowdown in consumption in diseases, which can have a supply can impact pricing. key markets like the USA,
Slide 15: Annexures
a /- x Pi iv i Ll 27 AAS Annexures — We 22 ee eee | ee ee * 71 = 7 ‘se
Slide 16: Operational Highlights – Yearly Trend
15 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 15 Owned Leased 14,146 13,051 12,243 9,533 9,897 29,240 6,000 6,000 3,000 3,000 9,240 9,240 9,240 9,240 FY16 FY17 FY18 FY19 FY20* FY16 FY17 FY18 FY19 FY20 Working Capital (Days) 04 Total Debt to Equity (x) 03
Slide 17: Income Statement – Yearly Trend
16 Income Statement – Yearly Trend Profit & Loss (Rs mn) FY16 FY17 FY18 FY19 FY20 16 Net revenue 6,035 6,987 9,986 8,747 8,271 Other income 47 106 199 215 190 Total income 6,083 7,093 10,185 8,962 8,461 Raw material 4,510 5,317 7,031 5,810 5,735 Employee expenses 233 249 389 482 437 Other expenses 8
Slide 18: Balance Sheet – Yearly Trend
17 Balance Sheet – Yearly Trend Liabilities (Rs mn) Mar-18 Mar-19 Mar-20 Assets (Rs mn) Mar-18 Mar-19 Mar-20 17 Shareholder’s Funds 3,023 3,551 3,959 Non-current assets 1,408 2,456 2,913 Share capital 313 313 313 Net block 1,111 1,147 2,802 Reserves & surplus 2,710 3,238 3,646 Capital work-in-progre
Slide 19: India's Seafood Exports Driven by Surging Shrimp Exports
18 India’s Seafood Exports Driven by Surging Shrimp Exports … India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 18 Shrimp CAGR of 16% vs Total Seafood CAGR of 7% 1,377 1,393 1,290 1,135 1,051 984 946 928 862 813 678 603 566 614 652 358 374 434 229 301 126 131 151 189 FY09 FY10 FY
Slide 20: Share Capital Information
19 Share Capital Information 500 1-yr Share Price Movement (Rs/share) 400 19 300 200 100 0 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Other data (as on 17-Nov-20) Shareholding Pattern (as on Sep-20) NSE / BSE code APEX / 540692 CMP (Rs) 275.00 I
Slide 21: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Sheetal Keswani pooja.sharma@stellar-ir.com sheetal@stellar-ir.com