Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — FY2019 Earnings Presentation
23 slides from Apex Frozen Foods's earnings presentation, May 1, 2019
Slide 1: Investor Presentation - Apex Frozen Foods Limited
Investor Presentation Apex Frozen Foods Limited CIN: L15490AP2012PLC080067 Financial Year 2019
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not f
Slide 3: FY19 Key Highlights
FY19 Key Highlights Investor Presentation FY19 Apex Frozen Foods Limited 3
Slide 4: Capacity Expansion | Processing Plant
Capacity Expansion | Processing Plant New Processing Plant at Ragampeta, AP: Installed capacity of 20,000 MTPA (Ready-to-Eat & Ready-to-Cook products) The total planned outlay of Rs 902 mn has been fully utilised as on Mar-19 and we expect completion of the plant work in the current quarter, i.e., Q
Slide 5: Capacity Expansion | Hatchery Operations
Capacity Expansion | Hatchery Operations Added two new Hatcheries: One at Srikakulam, North Eastern AP and the second near Ongole, Southern AP The cumulative breeding capacity stands at ~1.2 bn Specific Pathogen Free per annum (including the aforementioned hatcheries) Investor Presentation FY19 Apex
Slide 6: FY19: Key Performance Indicators
FY19 : Key Performance Indicators Total income (Rs mn) EBITDA (Rs mn) and margin (%) PAT (Rs mn) and margin (%) 12.8% 12.4% 7.8% 6.8% 10,185 1,299 8,962 1,111 791 608 FY18 FY19 FY18 FY19 FY18 FY19 Volumes sold (MT) Average Realisation* (Rs/kg) Adjusted EBITDA per kg # (Rs) FY18 14,146 FY18 720 FY18
Slide 7: Q4 FY19: Key Performance Indicators
Q4 FY19 : Key Performance Indicators Total income (Rs mn) EBITDA (Rs mn) and margin (%) PAT (Rs mn) and margin (%) 13.5% 10.5% 8.5% 5.0% 279 175 2,060 1,670 176 84 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Volumes sold (MT) Average Realisation* (Rs/kg) Adjusted EBITDA per kg # (Rs) Q4 FY18 3,0
Slide 8: Profit & Loss Highlights
Profit & Loss Highlights Standalone (Rs mn) Q4 FY19 Q4 FY18 Q3 FY19 FY19 FY18 y-o-y % Net revenue 1,639 2,031 2,160 8,747 9,986 -12.4 Other income 31 29 50 215 199 8.0 Total Income 1,670 2,060 2,209 8,962 10,185 -12.0 Raw material 1,027 1,394 1,520 5,810 7,031 -17.4 Employee expenses 123 106 121 482
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights Standalone (Rs mn) Mar-18 Mar-19 Standalone (Rs mn) Mar-18 Mar-19 Shareholder’s Funds 3,023 3,551 Non-current assets 1,408 2,456 Share capital 313 313 Net block 1,111 1,147 Reserves & surplus 2,710 3,238 Capital work-in-progress 209 1,163 Non-current liabilities 101 94 Other
Slide 10: Management Commentary
Management Commentary Our performance in FY19 The growth in shrimp consumption in some of our key markets like the USA, continued to remain muted largely on account of inventory pile-up and extended winters. This, coupled with overproduction in supplier markets like India, led to correction in shrim
Slide 11: Business Strengths
Business Strengths Investor Presentation FY19 Apex Frozen Foods Limited 11
Slide 12: Indian Aquaculture Industry
Indian Aquaculture Industry India’s exports on a rise – FY18 (lakh tonnes) Frozen shrimp exports by India 4.8 13.77 Total Seafood 3.7 3.7 (21% y-o-y) 3.2 3.1 5.66 (30% y-o-y) Frozen Shrimp 1.7 1.8 189 229 301 358 374 434 566 4.02 L. Vannamei (22% y-o-y) FY12 FY13 FY14 FY15 FY16 FY17 FY18 '000 tonnes
Slide 13: Integrated Operations Ensure Quality Control & Timely Delivery
Integrated Operations Ensure Quality Control & Timely Delivery Hatchery Farming Processing Packaging Logistics Total breeding As per customer 1,500 MT of cold Total of ~1,800 Total capacity of capacity of close requirement and storage capacity; acres of farm 15,240 MTPA to 1.2 bn SPF their brand own
Slide 14: Quality Control Certifications act as Entry Barrier
Quality Control Certifications act as Entry Barrier EU Approved Government of India Ministry of Commerce Directorate General of Foreign Trade Four Star Export House Approved Investor Presentation FY19 Apex Frozen Foods Limited 14
Slide 15: Long Standing Relationships with Reputed Clients
Long Standing Relationships with Reputed Clients Our key distributors… …The end customers (Retail/Food Service Companies) Pacific Seafood Walmart WinCo FOODS OCEAN WORLD VENTURES Sysco US. Kroger FOODS Mazzetta Company Chicken of the Sea SAFEWAY ALDI frozen foods Investor Presentation FY19 Apex Froz
Slide 16: Photo Gallery
Photo Gallery Investor Presentation FY19 Apex Frozen Foods Limited 16
Slide 17: Annual Financial Highlights
Annual Financial Highlights Investor Presentation FY19 Apex Frozen Foods Limited 17
Slide 18: Robust Growth in Revenue and Profits
Robust Growth in Revenue and Profits Total income (Rs mn) EBITDA (Rs mn) & Margin (%) PAT (Rs mn) & Margin (%) FY15 6,044 FY15 382 6.3% FY15 186 3.1% FY16 6,083 FY16 455 7.5% FY16 197 3.2% FY17 7,093 FY17 549 7.7% FY17 251 3.5% FY18 10,185 FY18 1,299 12.8% FY18 791 7.8% FY19 8,962 FY19 1,111 12.4% F
Slide 19: Key Performance Ratios
Key Performance Ratios Return on Net Worth (%) Return on Capital Employed (%) Diluted Book value (Rs/share) FY15 39.6% 18.9% FY15 18 FY15 FY16 28.3% 17.2% FY16 27 FY16 FY17 26.1% 17.1% FY17 35 FY17 FY18 38.4% 28.1% FY18 97 FY18 FY19 18.5% 15.5% FY19 114 FY19 Calculation of Ratios: RoNW = PAT (before
Slide 20: Profit & Loss Highlights
Profit & Loss Highlights Profit & Loss (Rs mn) FY15 FY16 FY17 FY18 FY19 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 652 884 977 1,4
Slide 21: Balance Sheet Highlights
Balance Sheet Highlights Standalone (Rs mn) FY17 FY18 FY19 Standalone (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-curren
Slide 22: Company Overview
Company Overview About The Company ▪ Commenced business operations in 1995, Apex Frozen Foods is one of the leading Producers and Exporters of processed, ready- to-cook, Shrimp in India. It a fully integrated company with presence across the value chain - Hatchery, Farming, Processing and Exporting
Slide 23: For further information, contact
For further information, contact: Mr. Subhramanya Chowdary Ms. Pooja Sharma Executive Director pooja.sharma@stellar-ir.com ir@apexfrozenfoods.com Investor Presentation FY19 Apex Frozen Foods Limited 23