Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q2 FY23 Earnings Presentation
23 slides from Godrej Agrovet's earnings presentation, Nov 4, 2022
Slide 1: Exchange filing cover letter: Presentation to Investors & Analysts
Date: November 4, 2022 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
Slide 2: Q2 & H1 FY23 Performance Update
GODREJ AGROVET LIMITED Q2 & H1 FY23 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: Successful submission of GHG reduction roadmap target in line with SBTi
SUCCESSFUL SUBMISSION OF GHG REDUCTION ROADMAP TARGET IN LINE WITH SBTI WB2DC SCENARIO – 1ST AGRI COMPANY IN INDIA ✓ The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) ✓ GAVL has committed to reduce absol
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Member of the Global Agribusiness ▪ Committed to the global Science Council for Sustainable Alliance, of which Mr. Nadir B. Based Targets initiative (SBTi) to Development Godrej is also current chair reduce our emissions in
Slide 7: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 72% of the energy GAVL utilizes is from clean renewable energy initiatives ✓ Solar rooftops at 20+ manufacturing sites of our AF, Aqua and R&D segments ✓ Oil palm plants use waste of fruit bunches as renewable boiler fuel, which has led to
Slide 8: Strong commitment to CSR
STRONG COMMITMENT TO CSR Pragati: Community-based Education ✓ 4,706 students engaged in AP & Punjab (80% engagement rate) through sports education program ✓ Support for digital education to 1,563 students (6th -10th) in MH & UP – 6,000+ hours of digital education content consumed Grameen Vikas: Brig
Slide 9: Awards and recognitions
AWARDS AND RECOGNITIONS GROW CARE INDIA OCCUPATIONAL HEALTH AND CII NATIONAL AWARD SAFETY AWARDS 2022 Animal feed and Aqua feed units won Gold awards Oil Palm’s Seethanagaram unit received CII National Award for Excellency in water Management and Greentech foundation Outstanding Achievements in Envi
Slide 10: Performance Highlights
PERFORMANCE HIGHLIGHTS 9 I Godrej Agrovet
Slide 11: Q2 and H1 FY23 consolidated financials – key highlights
Q2 AND H1 FY23 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Financial Highlights Q2 FY23 Q2 FY22 % y-o-y H1 FY23 H1 FY22 % y-o-y (Rs. Crore unless Stated) Revenues 2,445.3 2,154.1 13.5% 4,955.2 4,146.9 19.5% Earnings before interest, tax and 159.1 196.1 -18.8% 328.4 376.0 -12.7% Depreciation (EBITDA) EB
Slide 12: H1 FY23 segment-wise revenue and PBIT
H1 FY23 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – H1 FY23 Segment results (2) – H1 FY23 Others, 0.6% Poultry & processed Poultry & processed food, food, 2.0% Animal Feed, Others, -0.7% 9.1% 46.9% Dairy, -7.1% Animal Feed, 23.7% Dairy, 14.3% Crop Protection, 33.4% Crop Protection, 14.0% Oi
Slide 13: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 12 I Godrej Agrovet
Slide 14: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Sales Volume (tons) 3,56,933 3,37,609 5.7% 7,09,917 6,54,447 8.5% Segment Revenue (Cr) 1,220.3 1,134.1 7.6% 2,466.2 2,135.4 15.5% Segme
Slide 15: Oil Palm Business
OIL PALM BUSINESS Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Segment Revenue (Cr) 404.7 401.4 0.8% 789.9 690.2 14.4% Segment Result (Cr) 65.6 78.1 -16.0% 151.4 110.7 36.7% Segment Margin (%) 16.2% 19.5% 19.2% 16.0% • Stro
Slide 16: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Segment Revenue (Cr) 170.4 154.0 10.7% 368.5 394.5 -6.6% Segment Result (Cr) 31.0 37.6 -17.4% 57.1 101.6 -43.8% Segment Margin (%) 18.2% 24.4% 15.5% 25.7% •
Slide 17: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Revenues (Cr) 199.7 102.6 94.7% 384.0 231.2 66.1% EBITDA (Cr) 37.3 22.0 69.5% 65.4 47.5 37.9% EBITDA Margin (%) 18.7% 21.4% 17.0% 20.5% • The robust growth in top
Slide 18: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Revenues (Cr) 360.8 284.1 27.0% 754.3 550.6 37.0% EBITDA (Cr) -3.9 4.1 NM -6.3 1.0 NM EBITDA Margin (%) -1.1% 1.4% -0.8% 0.2% • Sustained volume gro
Slide 19: Godrej Tyson Foods Limited and ACI Godrej Agrovet joint venture
GODREJ TYSON FOODS LIMITED Particulars Q2 FY23 Q2 FY22 Growth H1 FY23 H1 FY22 Growth Revenues (Cr) 228.4 200.9 13.7% 476.6 378.5 25.9% EBITDA (Cr) -5.6 10.1 NM 15.3 9.9 54.8% EBITDA Margin (%) -2.5% 5.1% 3.2% 2.6% • Topline growth was driven by RGC and Yummiez categories as volumes grew by 69% and 6
Slide 20: Annexures
ANNEXURES 19 I Godrej Agrovet
Slide 21: Shareholding pattern as of September 30, 2022
SHAREHOLDING PATTERN AS OF SEPTEMBER 30, 2022 FII Major Investors 9.9% DII ➢ Temasek 6.8% ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 9.3% ➢ Kotak Mutual Fund ➢ DSP ➢ Bajaj Holdings ➢ LIC Mutual Fund Promoters 74.1% 20 I Godrej Agrovet
Slide 22: 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 21 I Godrej Agrovet
Slide 23: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 22 I Godrej Agrovet