Heritage Foods Limited · NSE:HERITGFOOD
Heritage Foods — Q4 FY23 Earnings Presentation
24 slides from Heritage Foods's earnings presentation, May 26, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
Ref: SECT: STOC: 53-23 May 26, 2023 To To The Secretary The Manager, BSE Limited Listing Department, Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400 001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code: 5195
Slide 2: Earnings Presentation Q4-FY23 / FY23
Earnings Presentation Q4-FY23 / FY23
Slide 3: Snapshot
2 Snapshot Fully Integrated Dairy Business Rich Legacy of 30 Years Highly Qualified and Experienced Leadership Wide Presence Across 11 States Team and Independent Board Strong Distribution Network with Strong Corporate Governance Standards Omni Channel Presence Net Debt Free +1.5 Mn Households Serve
Slide 4: Company Overview
3 Company Overview • Founded in 1992 with the objective to serve the farming community in India, Heritage Foods is India’s one of the leading Dairy companies. Revenue (INR Mn) • Over the span of 3 decades, Heritage Foods has not only stayed true its values and mission but also 32,407 created a diver
Slide 5: Product Portfolio
4 Product Portfolio Milk Value Added Products Animal Nutrition Fat Products Heritage Nutrivet – Subsidiary Yogurt - Mamie Yova Ice-creams Heritage Novandie – Joint Venture
Slide 6: Geographical Footprint
5 Geographical Footprint Haryana Milk and Milk Products Sales - 11 Milk Procurement - 9 States States Rai Telangana Maharashtra Kalluru Narket pally Sangvi Manor Karnataka Uppal Shamirpet Andhra Pradesh Yadavanahalli Sindhanur Tamil Nadu Pammaru Bayyavaram B.Kothakota Vadamadurai Gokul Bobbili Batti
Slide 7: Future Growth Strategy
6 Future Growth Strategy Increase Milk Procurement: By investing Aspire to be Nationally recognized brand: For healthy & prudently in village level milk collection 5 fresh products while focusing on efficient capital infrastructure, bulk coolers, chilling centers. 1 management. Increase the share of
Slide 8: Q4-FY23/FY23 Financial Overview
Financial Overview Q4-FY23/FY23 Financial Overview Heritage Foods Limited 7
Slide 9: Q4-FY23/FY23 Consolidated Financial Highlights
8 Q4-FY23/FY23 Consolidated Financial Highlights Q4-FY23 Performance Operational Highlights • Average milk procurement during Q4-FY23 was at 14.30 lakh litres INR 8,176 Mn INR 419 Mn 5.12% per day (LLPD), compared to 12.16 LLPD in Q4-FY22; registering a Revenue from Operations EBITDA EBITDA Margin g
Slide 10: Quarterly Segmental Revenue
9 Quarterly Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 5,183 5,183 2,313 1,869 1,985 4,499 Q4-FY22 Q3-FY23 Q4-FY23 Q4-FY22 Q3-FY23 Q4-FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 401 152 377 95 99 359 Q4-FY22 Q3-FY23 Q4-FY23 Q4-FY22 Q3-FY23 Q4-FY23
Slide 11: Annual Segmental Revenue
10 Annual Segmental Revenue Milk Revenue (INR in Mn) Value Added Products (INR in Mn) 20,518 9,322 17,483 6,958 FY22 FY23 FY22 FY23 Fat Products (INR in Mn) Ice-cream Revenue (INR in Mn) 1,501 550 1,400 288 FY22 FY23 FY22 FY23
Slide 12: Q4-FY23 Marketing Updates
11 Q4-FY23 Marketing Updates Heritage Total Curd - #MakesYourDay campaign • Biggest 360 degree IMC Campaign was launched for Heritage Total Curd, the campaign theme being ‘Heritage Curd Makes Your Day’. • For the first time, Heritage brand was on air and created impact through leading TV Channels in
Slide 13: Q4-FY23 Marketing Updates
12 Q4-FY23 MarketingUpdates The Campaign has been promoted successfully on Digital via. YouTube & Google Display Ads . Further ads in digital also supplemented with aggressive presence on leading OTT platforms like Hotstar, Voot and Sun Next. YouTube ads Google display ads Our commercial ad in OTT p
Slide 14: Q4-FY23 Marketing Campaigns
13 Q4-FY23 Marketing Campaigns Visibility driven through impactful Outdoor media viz. Bus shelter, Metro Branding and On ground activations as well. Outdoor hoarding and Bus shelters in Hyderabad, Chennai and Bangalore Metro train interior branding in Chennai Metro train Wrap branding in Hyderabad M
Slide 15: Q4-FY23 Marketing Updates
14 Q4-FY23 MarketingUpdates Building preference for Heritage Cheese Build quick awareness for Cremilicious Curd Bumper ad on Social media To build quick awareness a bumper ad was specially run for Heritage cheese on To build quick awareness for newly launched Creamilicious Curd we tied up YouTube. w
Slide 16: Quarterly Consolidated Financial Performance
15 Quarterly Consolidated Financial Performance Particulars (INR Mn) Q4-FY23 Q3-FY23 Q-o-Q Q4-FY22 Y-o-Y Operating Income 8,176 7,860 4.0% 6,959 17.5% Expenses 7,757 7,534 3.0% 6,643 16.8% EBIDTA 419 326 28.5% 316 32.8% EBIDTA Margins (%) 5.12% 4.15% 97 Bps 4.54% 58 Bps Depreciation 146 143 2.1% 135
Slide 17: Annual Consolidated Financial Performance
16 Annual Consolidated Financial Performance Particulars (INR Mn) FY23 FY22 Y-o-Y Operating Income 32,407 26,813 20.9% Expenses 31,024 24,905 24.6% EBIDTA 1,383 1,908 (27.6)% EBIDTA Margins (%) 4.27% 7.12% (285) Bps Depreciation 562 522 7.7% Finance Cost 39 40 (2.5)% Other Income 120 112 7.1% Share
Slide 18: Historical Financial Overview
Financial Overview Historical Financial Overview Heritage Foods Limited 17
Slide 19: Historical Consolidated Income Statement
18 Historical Consolidated Income Statement Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 Operating Income 25,148 27,259 24,731 26,813 32,407 Expenses 23,297 25,974 22,062 24,905 31,024 EBIDTA 1,851 1,284 2,669 1,908 1,383 EBIDTA Margins (%) 7.36% 4.71% 10.79% 7.12% 4.27% Depreciation 447 501 462 52
Slide 20: Historical Consolidated Balance Sheet
19 Historical Consolidated Balance Sheet Particulars (INR Mn) FY21 FY22 FY23 Particulars (INR Mn) FY21 FY22 FY23 Equity And Liability Assets Equity Share Capital 232 232 464 Non-Current Assets Property, Plant and Equipment 5,714 5,705 6,133 Reserve and Surplus 5,726 6,344 6,795 Capital WIP 157 74 19
Slide 21: Historical Consolidated Financial Performance
20 Historical Consolidated Financial Performance Revenue (INR Mn) & Gross Margins (%) EBITDA (INR Mn) & Margins (%) PAT (INR Mn) & Margins (%) 32,407 3000 2,669 2000 1,483 27,259 24,731 26,813 2500 25,148 1500 961 1,851 1,908 1000 826 6.00% 580 2000 1,284 1,383 500 3.28% 3.58% 1.79% 1500 0 21.5% 25.
Slide 22: Capital Market Data
21 Capital Market Data 1 Year Stock Performance up to 31st March, 2023 Market Data as on 31st March, 2023 90% Shareholder % Shareholding 70% 50% Face Value 5.0 30% 10% CMP 144.5 -10% -30% 52 Week H/L 193.7 / 125.1 -50% -70% Market Capitalization (Mn) 13,404.4 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-2
Slide 23: Disclaimer
22 Disclaimer Heritage Foods Limited: The information contained in this presentation is provided by Heritage Foods (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation
Slide 24: Thank You
Thank You