Avanti Feeds Limited · NSE:AVANTIFEED
Avanti Feeds — Q4 FY2023 Earnings Presentation
26 slides from Avanti Feeds's earnings presentation, May 29, 2023
Slide 1: Avanti Feeds Limited – Intimation of Investors Meeting
_.$1 Avanti a 1 Feeds Limited Aiding Sustainability & Reliability to Aquaculture May 29, 2023 To To The Deputy General Manager, The Listing Manager, BSE Limited, National Stock Exchange of India Ltd., Ist Floor, New Trading Ring, Exchange Plaza, Rotunda Building, P.J. Towers, Bandra (East), Dalal St
Slide 2: Q4 & FY23 Earnings Audio Conference Call
Avanti Feeds Limited Q4 & FY23 Earnings Audio Conference Call on Wednesday, 31st May 2023 at 4:00 PM IST Avanti Feeds Limited (AFL) will host an Audio Conference Call for investors and analysts to discuss its results and developments in Q4 & FY23. The call will be addressed by the senior management.
Slide 3: Q4 & FY23 Result Presentation
AVANTI FEEDS LTD Q4 & FY23 Result Presentation
Slide 4: 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 5: Index
Index RESULT HIGHLIGHTS 4 OPERATIONAL HIGHLIGHTS 11 THE PATH FORWARD 14 FINANCIAL STATEMENT 18 ANNEXURE 22 3
Slide 6: Result Highlights
RESULT HIGHLIGHTS
Slide 7: Quarterly Highlights
Quarterly Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 442 240 -18% 18% 11% bps bps 13,322 1,575 9.3% 14.4% 10,930 1,015 6.9% 10.0% 1,332 917 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 5
Slide 8: Annual Highlights
Annual Highlights REVENUES (INR mn) EBITDA (INR mn) EBITDA (%) PAT PAT (%) 152 127 1% 20% 27% bps bps 50,870 3,123 6.1% 9.5% 4,850 4,037 2,452 4.9% 50,360 8.0% FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 6
Slide 9: Quarterly Results Snapshot
Quarterly Results Snapshot Consol Profit & Loss (Rs mn) Q4FY23 Q4FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Segment Revenues Shrimp Feed 8,555.7 10,383.5 -17.6% 8,573.9 -0.2% 40,395.0 40,443.2 -0.12% 1 Q4FY23 revenues came in at Rs 10,930 Shrimp Processing 2,374.3 2,939.3 -19.2% 2,451.8 -3.2% 10,474.8
Slide 10: Management Commentary
Management Commentary Shrimp Feed Shrimp feed revenues for Q4FY23 came in at Rs 8,556 mn vs Rs10,383 Mn in Q4FY22. FY23 shrimp feed revenues was 40,395 mn vs Rs 40,443 mn a marginal decrease. PBT for Q4FY23 was Rs. 1,070 Mn vs Rs.1,017 Mn in Q4FY22 a marginal increase 5% YoY on account of higher rea
Slide 11: Processed Shrimp Exports – Asia & EU share nearly doubled
Processed Shrimp Exports – (% of Asia & EU share nearly doubled) Q4FY22 Q3FY23 Q4FY23 3% 5% 2% 7% 4% 15% USA 10% USA USA Asia Asia Asia 7% 18% 9% EU EU EU Canada Canada Canada 7% 4% 66% 67% others others others 76% FY21 FY22 FY23 2% 2% 1% 11% 2% 8% 2% 9% USA USA USA 7% 14% Asia Asia Asia 6% EU EU EU
Slide 12: Segmental Quarterly Highlights
Segmental Quarterly Highlights Shrimp Feed Revenues Processed Shrimp Revenues 14, 000 14% 3,5 00 20% 13,057 19% 18% 13, 000 12,388 13% 12% 16% 17% 3,013 2,939 12% 10% 3,0 00 14% 16% 12, 000 15% 11% 10% 2,655 2,622 2,636 14% 11, 000 10,384 10,208 13% 2,374 2,5 00 2,334 12% 2,452 12% 10, 000 9,605 9%
Slide 13: Operational Highlights
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Slide 14: Operational Highlights - Quarterly
Operational Highlights - Quarterly Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Production (MT) Shrimp Feed 128,256.0 96,736.0 133,081.0 170,303.0 127,798.2 105,329.0 133,368.0 167,285.0 123,464.0 105,764.0 105,108.0 Shrimp Processing 2,436.0 3,637.0 2,847.0 3,549.0 3
Slide 15: Operational Highlights - Annually
Operational Highlights - Annually FY18 FY19 FY20 FY21 FY22 FY23 Production (MT) Shrimp Feed 428,452 419,472 487,402 472,234 536,798 501,621 Shrimp Processing 9,105 11,384 13,745 12,224 12,860 11,959 Sales (MT) Shrimp Feed 430,314 421,691 484,669 473,449 540,895 497,066 Shrimp Processing 7,857 11,065
Slide 16: The Path Forward
THE PATH FORWARD
Slide 17: Industry Highlights – Budget Initiatives
Industry Highlights Budget Initiatives by Govt towards Agri & Allied sector Agriculture Accelerator Fund to be set up to boost Agri start-ups Agricultural credit target will be increased to Rs 20 lakh cr (vs Rs 18 lakh cr, up 11% YoY) with focus on animal husbandry, dairy and fisheries. Collaboratio
Slide 18: Industry Highlights – Shrimp feed & export scenario
Industry Highlights Shrimp feed & export scenario in India Though initially, it was expected that the Industry would grow by around 10% - 15% in 2022 as compared to 2021, however due to floods, deceases during end of 1st and main crop, shrimp culture did not register expected growth. On the other ha
Slide 19: Company Highlights - FY23
Company Highlights - FY23 Shrimp Feed Shrimp Feed sales during the FY23 was 4,97,066 MT as compared to 5,40,895 MT in FY22 a degrowth of 8% The commercial production at new Feed Manufacturing plant situated at Bandapuram, Andhra Pradesh; has been successfully commenced with effect from December 03,
Slide 20: Financial Statements
@ | FINANCIAL STATEMENTS
Slide 21: Profit & Loss Statement - Quarterly
Profit & Loss Statement - Quarterly Consolidated Profit & Loss (INR mn) Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Income from Operations 11,316.2 9,154.3 10,981.1 14,088.1 12,260.0 10,689.2 13,322.4 15,693.0 13,221.0 11,025.8 10,930.0 Other Income 187.4 282.2 182.6
Slide 22: Profit & Loss Statement - Annually
Profit & Loss Statement - Annually Consolidated Profit & Loss (INR mn) FY18 FY19 FY20 FY21 FY22 FY23 Income from Operations 33,929.0 34,877.8 41,152.9 41,005.6 50,359.6 50,869.9 Other Income 482.5 538.3 702.3 925.8 816.7 920.2 Total Income 34,411.5 35,416.1 41,855.3 41,931.4 51,176.3 51,790.0 Operat
Slide 23: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios Consolidated Balance Sheet (INR mn) FY18 FY19 FY20 FY21 FY22 FY23 Share capital 91 136 136 136 136 136 Reserves and Surplus 11,408 13,437 15,811 19,759 21,338 23,632 Non-current liabilities 326 376 218 193 178 347 Current liabilities 3,438 2,199 2,634 2,734 3,510 3,231 Tot
Slide 24: Annexure
1a af yer se ‘ai B | ANNEXURE
Slide 25: Stock Information
Stock Information • Market cap (INR) – ~52 bn (As on 29th May 2023) • BSE code: 512573 • Shares outstanding – 136 mn (As on 31st Mar 2023) • NSE code: AVANTIFEED Shareholding Pattern as on 31st Mar, 2023 Relative stock price vs BSE Sensex As on 31st Mar, 2023 16.3% 225.0 200.0 175.0 200 12.3% 43.3%
Slide 26: Thank You!
THANK YOU! Ms. Lakshmi Sharma +91-40-23310260 investors@avantifeeds.com G2, Concorde Apartments, 6-3-658, Somajiguda, Hyderabad – 500082 Telangana, India