Adf Foods Limited · NSE:ADFFOODS
Adf Foods — Q1 FY2021 Earnings Presentation
28 slides from Adf Foods's earnings presentation, Aug 17, 2020
Slide 1: Exchange intimation letter for investor presentation
F O ODS LTD. 7eedi119 lite wodd .. August 17, 2020 DCS-CRD DCS-CRD BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 519183 Symbol: ADFFOODS Sub: Investor Presentation
Slide 2: Investor Presentation Q1FY21
F O O D S LT D. C J ~ f k l ~-- Investor Presentation Q1FY21
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 4: The Original Indian Taste
FOODS LTD. CJ~ tfu!; WMJ,d;_ . “ At ADF we believe in maintaining high quality standards, introducing new and innovative products “ while remaining customer centric THE ORIGINAL INDIAN TASTE srou1
Slide 5: Q1FY21 highlights, About the Company, Strengths & drivers
1 Q1FY21 highlights 2 About the Company 3 Strengths & drivers 4 Growth strategies 5 Historical financial overview
Slide 6: Q1FY21 highlights
0 . I ' ( Q1FY21 highlights
Slide 7: Consolidated profit & loss statement
Consolidate profit & loss statement AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld (Rs Cr) Q1FY21 Q1FY20 Revenue from operations 73.9 69.0 Other income 0.6 1.9 Total Income 74.5 70.9 Cost of goods sold 45.0 36.2 Gross Profit 29.5 34.8 Gross margin 39.6% 49.0% Employee expenses 3.9 5.6 Other expenses 12.5 14.0
Slide 8: Started operations with COVID-19 precautionary norms
Started operations with COVID-19 precautionary norms AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Nasik Plant Nadiad Plant ----------------------------------------------~ -----------------------------------------------~ :---------------------------------------------------------------------------------------
Slide 9: About the company
0 . I ' ( About the company
Slide 10: Wide range of products with established brands & strong distribution
Wide range of products with established brands & strong distribution Presence in 50+ countries Wide reach across allowing wide range and markets with 180+ coverage distributors • Ashoka • Truly Indian Two state-of-art manufacturing • Aeroplane • PJ’s Organic facilities at Nashik and Nadiad • Camel •
Slide 11: Evolution of the Company and brands
Evolution of the Company and brands AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld The Flagship brand offers 1985 wide range of ready-to- cook, ready-to-eat Indian food Acquired this USDA certified organic food Launched a range of Acquired this brand brand from a US based organic products under Entered a new
Slide 12: Experienced management
Experienced management AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Bimal Thakkar Chairman, Managing Director and CEO • 30+ years of experience in domestic and export management • Instrumental role in development of Brands and new products, tapping new markets, international acquisitions, setting up of subs
Slide 13: Board of directors
Board of directors AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Jay Mehta Viren Merchant Non-Executive Director Independent Director • 35+ years of rich industrial experience • 30+ years of experience and expertise in business management and • Executive Vice Chairman of Gujarat Sidhee Cement Ltd and Saurash
Slide 14: Giving back to stakeholders
Giving back to stakeholders AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Consistently FY17 FY18 FY19 FY20 rewarding Investors Buyback of Dividend of Buyback of Dividend of shareholders through Rs 9.6 crore 25% Rs 30 crore 30% dividends and buybacks ▪ 525 kw Solar power project already implemented at the man
Slide 15: Strengths & drivers
0 . I ' ( Strengths & drivers
Slide 16: Strong industry fundamentals to drive growth
Strong industry fundamentals to drive growth AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Ethnic Indian UK US food market is >> growing consistently(1) ~£650 Mn Growth 6-7% ~$350 Mn Growth 7-8% Indians staying abroad (in millions) (2) Indian diaspora 3.3 driving demand >> 2.3 2.3 1990 for ethnic RTE . .I .I
Slide 17: The only company with a presence across all categories
The only company with a presence across all categories AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Ready-to-eat & Cooking sauces Flavored Ready-to-cook & pastes drinks Meal Condiment Frozen food accompaniments powders With a view to evolve with consumer preference, the company has been continuously expandi
Slide 18: Strong distribution network
Strong distribution network Masud Sethi Country manager (Canada) Savio Almeida Country manager (GCC, CANADA Levant Countries, Asia Pacific & Africa) EUROPE NORTH Bharat Sareen Country manager (UK) ASIA AMERICA Apurva Patel Upinder Thakur Country manager (USA) Country manager (UK) HO Michael Ryan MID
Slide 19: Manufacturing units
Manufacturing units AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Nadiad Facility ❑ 2 state of the art manufacturing plants located at Nasik spread across 10,100 sq. meters of area and Nadiad with a built- up area of 15,000 sq. meters ❑ Both the facilities are HACCP (Hazard Analysis and Critical Control Poin
Slide 20: Awards & recognition
Awards & recognition AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld ‘Truly Indian’ organic product category won two silver awards in 2017 the SOFI awards of 2017, held by Awarded ‘Best FMCG Company’ in Specialty Foods Association, USA. Agri-business sector (SME Sector) at 2009 the DHL- CNBC International Awar
Slide 21: Growth strategies
0 . I ' ( Growth strategies
Slide 22: Serve changing consumer needs with focus on profitability
Serve changing consumer needs with focus on profitability ▪ Identify latest consumer trends and preferences and develop ▪ Continue to focus export products to tap those markets of North America, opportunities Continuous Europe, Australia, Middle East ▪ In-house team of food ▪ Deepen presence in spec
Slide 23: Historical financial overview
0 . I ' ( Historical financial overview
Slide 24: Consolidated financial performance
Consolidated financial performance AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Rs Cr Total Income EBIDTA PAT 9.5% 3year CAGR 30% 3year CAGR 57% 3year CAGR 43 295 62 245 53 208 220 40 25 28 18 I 11 FY17 FY18 FY19 FY20 I FY17 FY18 FY19 FY20 I FY17 FY18 FY19 FY20 Cash flow from EBIDTA Margins PAT Margins oper
Slide 25: Robust returns ratios
Robust returns ratios AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Return on Equity Return on Capital Employed Net Worth % % Rs in Cr 23% - 29% 204 174 172 15% 19% 23% - 163 - - - 11% - 11% 7% - FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Consolidated Financials 24
Slide 26: Historical profit and loss statement
Historical profit and loss statement AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld Standalone Consolidated (Rs Cr) FY18 FY19 FY20 FY18 FY19 FY20 Revenue from operations 163.8 187.5 182.1 201.0 231.4 272.8 Other income 18.6 14.1 21.8 18.6 14.1 21.8 Total Income 182.4 201.6 203.8 219.6 245.5 294.6 Cost of mate
Slide 27: Historical balance sheet - consolidated
Historical balance sheet - consolidated AB FOO D S L TD. 'Jrj'dUlf 1/i~ wmld LIABILITIES (Rs in Crs) FY20 FY19 ASSETS (Rs in Crs) FY20 FY19 Share Capital 20.4 20.4 Fixed Assets incl. CWIP 58.2 48.8 Reserves 184.0 151.4 Intangible Assets 21.4 21.7 Shareholders' Funds 204.4 171.8 Income Tax Asset (Net
Slide 28: Thank You
Shardul Doshi (CFO)/ Shalaka Ovalekar (CS) ADF Foods Limited shardul@adf-foods.com co_secretary@adf-foods.com Marathon Innova B2 – G01, G. K. Road AB-r Thank You F OO Ll S I. TD. "Jwdinq,t.fw.u,o't-M Lower Parel, Mumbai 400 013 Pooja Dokania Pareto Capital (Investor Relations) pooja.dokania@paretoca