Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q3 FY2020 Earnings Presentation
24 slides from Avanti Feeds's earnings presentation, Feb 6, 2020
Slide 1: Avanti Feeds Limited - Exchange Intimation Letter
f Avanti # � Feeds Limited Aiding Sustainability & Reliability to Aquaculture Ref: AFL/BSE & NSE/2019-20/ 5th February, 2020 The Deputy General Manager National Stock Exchange India Limited SSE, Limited Exchange Plaza Corporate Relations Department Sandra (East) 1st Floor, New Trading Ring Mumbai -
Slide 2: Q3FY20 Result Presentation
AVANTI FEEDS LIMITED Q3FY20 Result Presentation FEBRUARY 2020
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Avanti Feeds Limited based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Index
INDEX Result Highlights 4 Operational Highlights 8 The Path Forward 13 Financial Statements 16 Annexure 21 3
Slide 5: Result Highlights
4 Avanti me Feeds Limited RESULT HIGHLIGHTS
Slide 6: Consolidated Quarterly Results Highlights
CONSOLIDATED QUARTERLY RESULTS HIGHLIGHTS REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT (INR mn) PAT (%) 10.5% -33.0% -380bps -580bps -31.0% 9,227 10.1 8,353 1,236 14.8 6.2 829 853 9.0 589 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 5
Slide 7: 9M Highlights Result Highlights
9M HIGHLIGHTS RESULT HIGHLIGHTS REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT (INR mn) PAT (%) 17.1% 11.5% -64 bps 24.8% 51 bps 30,805 26,301 9.2 3,883 13.2 3,483 12.6 2,876 8.7 2,304 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 6
Slide 8: Management Commentary
MANAGEMENT COMMENTARY SHRIMP FEED SHRIMP PROCESSING AND EXPORT • Shrimp Feed revenues in Q3FY20 increased 8% YoY while it • Shrimp processing revenue in Q3 FY20 increased 16.0% YoY and decreased by 21% QoQ, mainly due to receding seasonal 14.4% QoQ. factor. • EBITDA during Q3FY20 was Rs.35.4 crores
Slide 9: Operational Highlights
4 Avanti me Feeds Limited OPERATIONAL HIGHLIGHTS
Slide 10: Operational Highlights - Quarterly
OPERATIONAL HIGHLIGHTS - QUARTERLY Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Production (MT) Shrimp Feed 1,31,912 1,01,496 84,474 1,10,570 1,37,140 83,273 94,016 1,05,043 1,39,911 1,25,202 1,03,889 Shrimp Processing 2,037 3,051 2,391 1,626 2,586 3,111 2,935 2,752 3
Slide 11: Segmental Quarterly Highlights
SEGMENTAL QUARTERLY HIGHLIGHTS SHRIMP FEED REVENUES & EBITDA (%) SHRIMP PROCESSING REVENUES & EBITDA (%) 26.6 24.7 18.1 2,650.3 14.8 14.2 14.6 14.8 14.9 15.1 13.7 13.4 12.1 16.1 9,134.2 9,059.2 2,284.1 2,316.5 14.8 14.0 14.7 13.0 2,003.7 2,017.9 13.4 8,326.5 1,954.9 1,875.8 9.7 7.2 1,552.1 7,250.7 1
Slide 12: Operational Highlights Annually & 9M
OPERATIONAL HIGHLIGHTS ANNUALLY & 9M FY15 FY16 FY17 FY18 FY19 9MFY18 9MFY19 9MFY20 Production (MT) Shrimp Feed 235,752 252,032 348,851 4,28,452 4,19,472 3,17,882 3,14,429 3,69,002 Shrimp Processing 3,521 4,394 5,289 9,105 11,384 7,479 8,632 10,901 Sales (MT) Shrimp Feed 233,489 252,590 341,660 4,30,
Slide 13: Segmental 9M Highlights
SEGMENTAL 9M HIGHLIGHTS SHRIMP FEED REVENUES & EBITDA (%) SHRIMP PROCESSING REVENUES & EBITDA (%) 23,962.3 14.7 14.8 25.3 13.4 20,866.6 20,731.4 12.4 6,842.6 12.8 5,570.0 4,719.7 9MFY18 9MFY19 9MFY20 9MFY18 9MFY19 9MFY20 HY18 SHRIMP FEED REVENUES EBITDA Margins (%) HY18 SHRIMP PROCESS REVENUES EBITD
Slide 14: The Path Forward
4 Avanti me Feeds Limited THE PATH FORWARD
Slide 15: Industry Highlights
INDUSTRY HIGHLIGHTS SHRIMP CULTURE SCENARIO IN INDIA • The Company’s Shrimp Feed sales have increased in Q3FY20 as compared to Q3FY19, due to increase in shrimp culture and our market share. There is a steep fall in PBT and PAT as compared to Q3FY19 due to significant increase in major Raw Material
Slide 16: Growth Strategy Ahead
GROWTH STRATEGY AHEAD SHRIMP FEED • Considering the prevailing Shrimp culture scenario in India, the Shrimp production and consequently feed consumption is estimated to increase to 11 lakhs tons in calendar year 2020 compared to 10 lakhs tons in calendar year 2019, registering a growth of 10%. Howev
Slide 17: Financial Statements
4 Avanti me Feeds Limited FINANCIAL STATEMENTS
Slide 18: Profit & Loss Statement - Quarterly
PROFIT & LOSS STATEMENT - QUARTERLY Consolidated Profit & Loss (INR mn) Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Income from Operations 9,981.7 8,540.2 7,064.3 8,342.8 10,402.4 7,545.4 8,353.2 8,576.8 10,934.9 10,643.0 9,226.9 Other Income 61.8 107.9 161.7 151.0 8
Slide 19: Profit & Loss - Half-Yearly and 9M
PROFIT & LOSS - HALF- YEARLY AND 9M Consolidated Profit & Loss (INR mn) H1FY18 H1FY19 H1FY20 9MFY18 9MFY19 9MFY20 Income from Operations 18,521.9 17,947.9 21,577.9 25,586.2 26,301.0 30,804.8 Other Income 169.7 203.9 390.1 331.4 343.6 586.1 Total Income 18,691.6 18,151.8 21,968.1 25,917.7 26,644.6 31
Slide 20: Profit & Loss Statement - Annually
PROFIT & LOSS STATEMENT - ANNUALLY Consolidated Profit & Loss (INR mn) FY14 FY15 FY16 FY17 FY18 FY19 Income from Operations 11,316.1 17,806.6 20,182.9 26,157.4 33,929.0 34,877.8 Other Income 36.8 79.8 165.5 235.4 482.5 538.3 Total Income 11,352.9 17,886.3 20,348.4 26,392.8 34,411.5 35,416.1 Operatin
Slide 21: Balance Sheet & Key Ratios
BALANCE SHEET & KEY RATIOS Consolidated Balance Sheet (INR mn) FY14 FY15 FY16 FY17 FY18 FY19 Share capital 90.8 90.8 90.8 90.8 90.8 136.2 Reserves and Surplus 1,704.3 2,562.1 4,137.1 7,247.4 11,407.7 13,436.8 Non-current liabilities 587.4 590.4 126.6 421.6 326.4 265.0 Current liabilities 1,600.3 1,5
Slide 22: Annexure
4 Avanti me Feeds Limited ANNEXURE
Slide 23: Stock Information
STOCK INFORMATION Market cap (INR) Shares outstanding BSE code: NSE code: 81.61 bn – 136.25mn 512573 AVANTIFEED (as on 5th Feb 2020) (as on 31st Dec 2019) Shareholding Pattern as on 31st Dec 2019 Relative stock price performance vs BSE Sensex Avanti Feeds SENSEX 18.9% 250.0 200.0 6.3% 43.7% 150.0 13
Slide 24: Thank You
Thank You Mr. M. Venkateswara Rao +91-40-23310260 investors@avantifeeds.com G-2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad-500082 Telangana, India. 23