Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q3 FY20 Earnings Presentation
20 slides from Apex Frozen Foods's earnings presentation, Feb 19, 2020
Slide 1: Cover letter to stock exchanges submitting Investor Presentation
a 3-160, Panasapadu, Kakinada 533 005 _ te ‘Andhies Pradesh = lrdir = Al FX off +91 884 2383902 - 4 (3 lines) fox +91 884 2383905 - 6 PFA FROZEN FOODS LTD. kkd@apexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 19* February, 2020. To To The General Manager, The General Manager, Department of Corpo
Slide 2: Apex Frozen Foods Result Presentation Q3 / 9M FY20
Apex Frozen Foods Result Presentation Q3 / 9M FY20
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
Slide 4: Key Financial Updates
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Slide 5: Operational Highlights – Q3/9M FY20
4 Operational Highlights – Q3/9M FY20 Geographical Mix 01 Volumes Sold (MT) 02 4 China 3,542 12.4% 3,067 Q3 FY20 2,899 Europe 10.2% USA 77.4% Q3FY18 Q3FY19 Q3FY20 Geographical Mix 04 Volumes Sold (MT) 03 China 11,140 Europe 3.6% 10,435 10,253 9M FY20 9.3% USA 87.1% 9MFY18 9MFY19 9MFY20
Slide 6: Income Statement – Q3/9M FY20
5 Income Statement – Q3/9M FY20 Standalone (Rs mn) Q3 FY20 Q3 FY19 y-o-y % Q2 FY20 q-o-q % 9M FY20 9M FY19 5 Net revenue 1,952 2,160 2,694 6,864 7,108 Other income 43 50 52 137 184 Total Income 1,995 2,210 -10% 2,746 -27% 7,001 7,292 Raw material 1,359 1,520 1,820 4,824 4,783 Employee expenses 109 1
Slide 7: Operational Highlights – Yearly Trend
6 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 6 Owned Leased 14,146 13,051 6,000 6,000 9,533 9,897 1,500 3,000 3,000 7,930 9,240 9,240 9,240 9,240 9,240 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 Working Capital (Days) 04 Net Debt to Equity (x) 03
Slide 8: Income Statement – Yearly Trend
7 Income Statement – Yearly Trend Profit & Loss (Rs mn) FY15 FY16 FY17 FY18 FY19 7 Net revenue 5,994 6,035 6,987 9,986 8,747 Other income 50 47 106 199 215 Total income 6,044 6,083 7,093 10,185 8,962 Raw material 4,752 4,510 5,317 7,031 5,810 Employee expenses 258 233 249 389 482 Other expenses 652
Slide 9: Balance Sheet – Yearly Trend
8 Balance Sheet – Yearly Trend Assets (Rs mn) FY17 FY18 FY19 8 Liabilities (Rs mn) FY17 FY18 FY19 Shareholder’s Funds 1,094 3,023 3,551 Non-current assets 857 1,408 2,456 Share capital 240 313 313 Net block 829 1,111 1,147 Reserves & surplus 854 2,710 3,238 Capital work-in-progress 8 209 1,163 Non-c
Slide 10: Company At a Glance
Company At a Glance We 22 ee eee | ee ee * 71 = 7 ‘se -
Slide 11: One of the Leading Exporters of Processed Shrimp in India
10 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY19 ▪ 10 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors in India ▪ Diversified customer base of Food Companies, Retail Chains, Restaurants, Club Europ
Slide 12: Hatchery | Stepping-stone for Ensuring Quality Produce
11 Hatchery | Stepping-stone for Ensuring Quality Produce Processing 11 Hatchery Farming & Exports Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Location: North of Vizag Location: South of Vizag Location: Srikakulam Location: Ongole Commenced: Year 2016 Comme
Slide 13: Farming | Critical Cushion for Consistent Supply
12 Farming | Critical Cushion for Consistent Supply Processing 12 Hatchery Farming & Exports Cultivation of shrimp, which are reared in ponds in a bio-secured environment | Typical cycle of 90 - 120 days Farming operations spread across ~45 locations in Andhra Pradesh ~50 acres ~1,800 acres 2013 201
Slide 14: Processing | Doubling Capacity and Expanding Product Line
13 Processing | Doubling Capacity and Expanding Product Line… Processing 13 Hatchery Farming & Exports 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 1500 7821 9240 92
Slide 15: Moving up the Value Chain with Ready-to-Eat Product Offerings
14 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 14 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 16: Key Factors to Consider for the Sector
15 Key Factors to Consider for the Sector 15 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 17: Annexures
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Slide 18: India's Seafood Exports Driven by Surging Shrimp Exports
17 India’s Seafood Exports Driven by Surging Shrimp Exports … India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 17 Shrimp CAGR of 17% vs Total Seafood CAGR of 9% 1,377 1,393 1,135 1,051 984 946 928 862 813 678 603 566 614 358 374 434 229 301 126 131 151 189 FY09 FY10 FY11 FY12 FY
Slide 19: Share Capital Information
18 Share Capital Information 450 1-yr Share Price Movement (Rs/share) 400 18 350 300 250 200 150 100 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Other data (as on 18-Feb-20) Shareholding Pattern (as on Sep-19) NSE / BSE code APEX / 540692 Mutual
Slide 20: 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