Vadilal Industries Limited · NSE:VADILALIND
Vadilal Industries — H1 FY2016 Earnings Presentation
26 slides from Vadilal Industries's earnings presentation, November 2015
Slide 1: Q2 & H1FY16 Results Presentation
VADILAL INDUSTRIES Q2 & H1FY16 Results Presentation
Slide 2: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 3: Table of Contents
Table of Contents Q2 & H1 FY16 Financial Performance Financial Performance Trends Vadilal Industries Overview Outlook 3 \ 26
Slide 4: Q2 & H1 FY16 Performance
: ut Q2 & H1 FY16 Performance
Slide 5: Chairman's Message
Chairman’s Message Commenting on Q2 & H1 FY16 performance, Mr. Rajesh Gandhi, Chairman and Managing Director, Vadilal Industries Limited (VIL) said: “Vadilal Industries has demonstrated robust financial and operating performance in a subdued economic environment. We are witnessing healthy growth on
Slide 6: Financials – Q2 & H1 FY16 Performance: Revenue
Financials – Q2 & H1 FY16 Performance Revenue • Vadilal Industries Limited (VIL) delivered 13% y-o-y growth in Q2, driven by expanding volumes. The ice cream business grew 22% y-o-y during the quarter, aided by warmer than usual weather. Processed foods revenues declined following the discontinuatio
Slide 7: Financials – Q2 & H1 FY16 Performance: EBITDA and PAT
Financials – Q2 & H1 FY16 Performance EBITDA • In Q2, EBITDA margin expanded to 12.4% from 10.9%, underlying which was strong gross margins of 45.0% up from 41.6% on y-o-y basis. • Gross margin expansion reflects benefit accruing from success in individually packaged ice creams and weak dairy commod
Slide 8: Financials – Balance Sheet Performance
Financials – Balance Sheet Performance Particulars As on 30-09-2015 As on 30-09-2014 Particulars As on 30-09-2015 As on 30-09-2014 (Unaudited) (Unaudited) (Unaudited) (Unaudited) EQUITY AND LIABIALITIES ASSETS SHAREHOLDERS’ FUND: NON-CURRENT ASSETS: (a) Share Capital 7.2 7.2 (a) Fixed Assets 221.7 2
Slide 9: Financials Performance Trends
Financials Performance Trends
Slide 10: Financials Performance Trends: Revenue
Financials Performance Trends Revenue Ice Cream Processed Foods • Pro-forma financial numbers aggregating the performance of Vadilal Industries Limited (manufacturing company) and Vadilal Enterprises Limited (marketing and distribution company) that are slated to be merged financials in Rs. cr 10 \
Slide 11: Financials Performance Trends: EBITDA and PAT
Financials Performance Trends EBITDA 12 Over the last three years, consumer behavior has 10 remained largely subdued. In this period, VIL has 8 delivered about 14% growth from its expanded 6 manufacturing capacities. 4 2 0 The Company has also made substantial investments in adopting technology acro
Slide 12: Financials Performance Trends - (Balance Sheet)
Financials Performance Trends - (Balance Sheet) Networth Net Fixed Assets Non Current Liabilities Net Current Assets • Pro-forma financial numbers aggregating the performance of Vadilal Industries Limited (manufacturing company) and Vadilal Enterprises Limited (marketing and distribution company) th
Slide 13: Vadilal Industries Overview
Vadilal Industries Overview
Slide 14: Overview
Overview • Currently managed by fourth generation promoter family 108-year old, established • Selected India’s most trusted ice cream brand in 2013 and 2014 by the ice cream brand Brand Trust Report • Top 3 ice-cream brand in the country , 150+ flavors Largest range of ice creams of • 300 SKU’s of c
Slide 15: Indian Ice Cream Market
Indian Ice Cream Market Evolving perceptions • Ice cream is transitioning from periphery to mainstream, from occasional indulgence to snacking option Changing demand patterns • Transition from seasonal to year-long consumption Growing affordability • Increased disposable incomes and discretionary sp
Slide 16: Vadilal: Growth Strategies
Vadilal: Growth Strategies Retail Investments New Product Development Brand Building Initiatives • 5,000 new sales Geographical outlets planned in • Constantly innovating FY16 Expansion to roll out new • Seen as one of the products in ice cream • 50 new branded ice most trusted ice segment cream par
Slide 17: Ice Creams - Brands Portfolio
Ice Creams - Brands Portfolio 17 \ 26
Slide 18: Processed Foods Business
Processed Foods Business • Global business selling to 45 countries in four continents • Strong distribution to Indian diaspora, being further developed with new product launches • Expanded export markets from 12 SKU’s supplied to seven countries in 1991 to 100+ SKU’s to 45 countries currently • Expa
Slide 19: Processed Foods - Brands Portfolio
Processed Foods - Brands Portfolio • Processed foods products are marketed under the brand name ‘Quick Treat’ • Portfolio includes frozen vegetables, ready-to-eat/ready-to-serve frozen snacks, Indian breads and curries • Positioned to assist Indian kitchens with traditional home cooking 19 \ 26
Slide 20: Production Facilities
Production Facilities • Capacity expanded across production facilities over the last three years, • Current production on automated processes “untouched by hand”, manual intervention only at packaging stage • Discontinuing production of non-branded canned pulp products to focus on branded portfolio
Slide 21: Distribution Presence
Distribution Presence 12 26 8 Jammu & Kashmir Himachal Pradesh Chandigarh 61 45 40 36 Punjab 30 Uttaranchal Bihar Haryana 121 Delhi 169 Bareilly Uttar Pradesh Rajasthan 88 56 West Madhya Pradesh Pundhra Bengal 41 124 Dharampur 10 Jharkhand Gujarat 21 Chhattisgarh Orissa Distribution network comprise
Slide 22: Awards and Accreditations
Awards and Accreditations 22 \ 26
Slide 23: Outlook
Outlook
Slide 24: Planned Initiatives
Planned Initiatives Corporate Transition Expanding Presence Increasing penetration into 24 states Discontinuation of non-branded/ Planned merger of Vadilal Industries in India – moving from passive to Production facility planned in Eastern bulk processed foods to aid debt (manufacturing entity) and
Slide 25: Contact Us
Contact Us it G andhi Shiv M Kalp uttoo / Karl d u s tr ies Ltd CDR-In dia Kolah l In Vadila 1 5 3000 Tel: +9 3 0 1 22 6 1 79 Tel: +9 Email: Email: 645 12 07 / 12 shiv@ 20 l g ro u p.com karl@c cdr-ind ia l pi t @ vadila dr-ind .com ka ia.com 25 \ 26
Slide 26: Thank You
Thank You 11/16/15 26