Sundrop Brands Limited Shs Dematerialised · NSE:SUNDROP
Sundrop Brands Limited Shs Dematerialised — Agro Tech Foods — Q4 FY2022 Earnings Presentation
21 slides from Sundrop Brands Limited Shs Dematerialised's earnings presentation, Apr 29, 2022
Slide 1: Regulation 30 disclosure letter to stock exchanges
29th April, 2022 The Manager, The Manager BSE Limited, Listing Department Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051. Ph. No. 022- 22721233 / 22721234 Ph.No. 022- 265
Slide 2: ATFL Business Update Q4, FY'22
ATFL Business Update Q4, FY’22 April 29% , 2022
Slide 3: Company Strategic Vision
Company Strategic Vision The Best Performing Most Respected Foods Company in India 2
Slide 4: Quarter 4 – Key Performance Highlights
Quarter 4 – Key Performance Highlights Strong Foods Growth – High Input Cost Inflation • Steady Foods Growth in Q4 of 12% with YTD Growth of 15%. • Moderation in Q4 input cost inflation to 11% due to base effect. Marginal impact of Ukraine war due to inventory levels & cover. • YTD Edible Oils GM of
Slide 5: Performance Highlights by Category
Performance Highlights by Category 1. Ready to Cook 2. Ready to Eat -Western 3. Spreads (Rs. 18,000 crore) (Rs. 28,500 crore) (Rs. 3400 crore) 4. Breakfast Cereals 5. Chocolate Confectionery 6. Edible Oils (Rs. 3500 crore) (Rs.13,600 crore) (Rs. 169,600 crore) 4 * Category Sizes in Brackets
Slide 6: Ready to Cook Snacks
Ready to Cook Snacks RTC Q1 Q2 Q3 Q4 FY’22 Volume +36% +11% +5% +11% +14% Value +39% +12% +8% +17% +17% • Strong 14% Volume growth in FY’22 driven by RTC Popcorn. Pricing reflected in higher Value Growth. • Sweet Corn Volumes stabilize post 40% price increase. • Roll out of Mini Meal Kits underway w
Slide 7: Ready to Eat Snacks
Ready to Eat Snacks RTE Q1 Q2 Q3 Q4 FY’22 Volume +1% +18% +18% +6% +12% Value +9% +15% +32% +21% +20% • Significant rebound with reduced threat of Covid19. Growth led by RTE Popcorn. Together with broad scale pricing this has driven Value. • GM attrition in Category largely addressed through Price I
Slide 8: Spreads & Dips
Spreads & Dips Spreads Q1 Q2 Q3 Q4 FY’22 Volume +12% +6% -3% -6% +1% Value +15% +7% -7% -18% -2% • Volume softness addressed through new pricing which is starting to flow through. Focus on Volume Growth. • New High Protein Variant development underway. Launch in Q2, FY’23. • Chocolate Spreads end th
Slide 9: Breakfast Cereals
Breakfast Cereals Cereals Q1 Q2 Q3 Q4 FY’22 Volume +82% +55% +21% +7% +31% Value +60% +36% +9% +5% +20% • Continued strong Growth with improved market working. Increased focus on larger Packs - expanding from “Cereal Snacks” into “Breakfast Cereals”. • Steady QOQ growth with strong exit rates. • Nat
Slide 10: Chocolates
Chocolates Chocolates Q1 Q2 Q3 Q4 FY’22 Volume +105% +534% +153% +163% +190% Value +149% +768% +208% +254% +275% • Strong end to FY’22 with 4 X Revenues of FY’21. • Excellent acceptance of Peanut Duo – key to further margin improvement. • Removal of tray completed in Rs. 10 Coconut Duo bar to improv
Slide 11: Edible Oils
Edible Oils Premium Oils Q1 Q2 Q3 Q4 FY’22 Volume -12% +4% +11% +1% +1% Value +20% +36% +35% +17% +27% Mass Oils Q1 Q2 Q3 Q4 FY’22 Volume -71% -51% -67% -69% -64% Value -50% -26% -54% -61% -47% • Premium Oils (Sundrop Heart & Superlite) Volumes deliver a YTD 100+ Index. More channel consistency requ
Slide 12: Competitive Update
Competitive Update
Slide 13: Snacks: Competition Spends
Snacks: Competition Spends Rs. Million F-17 F-18 F-19 FY20 Q1-21 Q2-21 Q3-21 Q4-21 FY21 Q1-22 Q2-22 Q3-22 Jan-22 Feb-22 Mar-22 Q4-22 FY22 ACT II 110 74 38 45 13 32 20 30 95 18 31 11 10 10 0 20 80 Lays 148 374 252 491 28 83 79 145 335 238 202 127 95 6 74 175 742 Kurkure 196 260 396 321 0 61 111 64 23
Slide 14: Spreads: Competition Spends
Spreads: Competition Spends Rs Million F-13 F-14 F-15 F-16 F-17 F18 F-19 FY-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1-22 Q2-22 Q3-22 Jan'22 Feb'22 Mar'22 Q4-22 FY-22 Kissan Jam- 254 207 304 381 357 512 704 752 218 218 110 134 679 156 154 138 58 45 21 124 572 Kissan PB 101 95 196 109 129 125 74 53 18 146 5
Slide 15: Breakfast Cereals: Competition Spends
Breakfast Cereals: Competition Spends Rs Million FY-17 FY-18 FY-19 FY-20 Q1-21 Q2-20 Q3-21 Q4-21 FY-21 Q1-22 Q2- 22 Q3-22 Jan'22 Feb'22 Mar'22 Q4-22 FY-22 Kellogg Cornflakes 202 265 390 230 7 118 88 142 355 124 124 108 67 59 45 171 526 Kellogg Chocos Fills 0 125 203 17 0 0 9 0 9 0 0 20 12 9 9 29 49
Slide 16: Chocolates: Competition Spends
Chocolates: Competition Spends Final Brand ( In Million) FY- 18 FY- 19 FY-20 Q1 Q2 Q3 Q4 FY-21 Q1-22 Q2-22 Q3- 22 Jan-22 Feb-22 Mar-22 Q4-22 FY-22 Cadbury 5 Star 744 482 727 102 192 385 281 960 150 276 377 90 87.1 78.2 256 1058 Cadburys Celebration 138 212 277 0 79 320 0 399 56 370 0 4.1 6.5 11 437
Slide 17: Edible Oils: Competition Spends
Edible Oils: Competition Spends FY- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- FY- Rs Million F-12 F-13 F-14 F-15 F-16 F-17 F-18 F-19 FY-21 Jan'22 Feb'22 Mar'22 20 21 21 21 21 22 22 22 22 22 Sundrop 88 94 50 65 46 34 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Heart Saffola 121 212 356 291 338 320 588 544 527 114 145 61 81
Slide 18: Noodles: Competition Spends
Noodles: Competition Spends Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1- 22 Q2-22 Q3-22 Jan-22 Feb-22 Mar-22 Q4-22 FY-22 Chings Noodles 17 2 19 20 0 40 0 Wai Wai 0 0 0 1 17 19 6 0 0 0 0.2 6 Knorr Soupy Noodles 0 0 140 0 0 140 0 Sunfeast Yippee noodles 81 168 85 336 57 647 185
Slide 19: Pasta: Competition Spends
Pasta: Competition Spends Q1- Q2- Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q3-22 Jan-22 Feb-22 Mar-22 Q4-22 FY-22 22 22 Bambino Pasta 0 0 0 0 0 1 0 1 0.3 0.3 0.2 0.6 1 Sunfeast Yippee pasta 0 0 90 1 1 93 0 1 4 0.2 0.0 0.0 0.2 5 Keya Italiano Pasta 2 0 0 0 0 0 0 13 13 Maggi Paz
Slide 20: Soups: Competition Spends
Soups: Competition Spends Tracked Brands (in Million) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 FY-21 Q1-22 Q2-22 Q3-22 Jan-22 Feb-22 Mar-22 Q4-22 FY-22 Chings Instant Soups 3 0 37 29 1 66 0 5 31 0 0 0 0 36 Eastern Instant Rasam 1 1 8 0 0 9 0 0 0 0 0 0 0 Knorr Chicken Delite Soup 8 19 23 42 23 107 8 22 83 43 42
Slide 21: FY'22 – Summary & Way Forward
FY’22 – Summary & Way Forward • Continued strong growth in Foods with Volume Led Revenue Growth of 15% over FY’21. • Oils GM at Rs. 75 crore holds up well vs PY indicating we have been largely successful with the price correction of FY’21. • Exit from Mass Oils accelerated with franchising of Crysta