Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q2 & H1 FY24 Earnings Presentation
22 slides from Godrej Agrovet's earnings presentation, Nov 3, 2023
Slide 1: Exchange filing cover letter
Date: November 3, 2023 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400 001 Bandra (East), Mumbai-400 051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts
Slide 2: Godrej Agrovet Limited Q2 & H1 FY24 Performance Update
GODREJ AGROVET LIMITED Q2 & H1 FY24 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: Performance Highlights
PERFORMANCE HIGHLIGHTS 3 I Godrej Agrovet
Slide 5: Key Highlights – H1 FY24
KEY HIGHLIGHTS – H1 FY24 EBITDA Growth +28% PAT Growth +36% Crop Protection Business +42% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good Chicken Volume +16% Animal Feed – Sustained volume growth Dairy – EBIT positive
Slide 6: Consolidated Financials – Key Highlights
CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Financial Highlights Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth (Rs. Crore unless Stated) Revenues 2,571 2,445 5.1% 5,081 4,955 2.5% Earnings before interest, tax and 215 159 34.9% 421 328 28.3% Depreciation (EBITDA) EBITDA Margin (%) 8.3% 6.5% 8.3% 6.6% P
Slide 7: H1 FY24 Segment-wise Revenue and PBIT
H1 FY24 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – H1 FY24 Segment results (2) – H1 FY24 Others, 1.0% Others, -1.1% Poultry & processed Poultry & processed food, 10.2% food, 10.7% Animal Feed, Animal Feed, Dairy, 0.1% 46.9% 28.4% Dairy, 15.1% Crop Protection, Crop 37.1% Protection, 14.1% V
Slide 8: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 7 I Godrej Agrovet
Slide 9: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth Sales Volume (tons) 3,72,212 3,56,933 4.4% 7,46,927 7,09,917 5.2% Segment Revenue (Cr) 1,242 1,220 1.8% 2,527 2,466 2.5% Segment Result
Slide 10: Vegetable Oil
VEGETABLE OIL Largest domestic producer of Crude Palm oil and Palm Kernel Oil Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth CPO Realisations (₹ per MT) 78,370 93,096 -15.8% 79,359 1,11,077 -28.6% PKO Realisations (₹ per MT) 1,01,924 1,34,163 -24.0% 1,02,250 1,69,094 -39.5% Segment Revenu
Slide 11: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth Segment Revenue (Cr) 260 170 52.6% 524 368 42.2% Segment Result (Cr) 77 31 149.0% 162 57 183.4% Segment Margin (%) 29.7% 18.2% 30.9% 15.5% • Standalone Crop
Slide 12: Astec LifeSciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth Revenues (Cr) 111 200 -44.5% 254 384 -34.0% EBITDA (Cr) (2.4) 37.3 NM 2.4 65.4 -96.3% EBITDA Margin (%) -2.2% 18.7% 0.9% 17.0% • Astec’s revenues and margins were
Slide 13: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth Revenues (Cr) 390 361 8.1% 815 754 8.0% EBITDA (Cr) 12 -4 NM 18 -6 NM EBITDA Margin (%) 3.0% -1.1% 2.2% -0.8% • Dairy business maintained positive m
Slide 14: Godrej Tyson Foods Limited and ACI Godrej Joint Venture
GODREJ TYSON FOODS LIMITED Particulars Q2 FY24 Q2 FY23 Growth H1 FY24 H1 FY23 Growth Revenues (Cr) 237 228 3.7% 547 477 14.8% EBITDA (Cr) 19 -6 NM 51 15 232.4% EBITDA Margin (%) 8.2% -2.5% 9.3% 3.2% • GTFL recorded another quarter of remarkable operational as well as financial performance in Q2 FY24
Slide 15: ESG Update
ESG UPDATE 14 I Godrej Agrovet
Slide 16: Our ESG Initiatives Continued to Generate Meaningful Impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 79% 7x GAVL’s Renewable energy portfolio Water conservation ✓ Installed Solar rooftops at 20+ manufacturing sites ✓ A water positive company; 28 million m3 water sequestered # ✓ Vegetable Oil business’ renewable energy portfolio ~100% of to
Slide 17: Ambitious Global Commitments & Affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business ▪ Committed to the global Science Council for Sustainable ▪ Signatories to the global EP100 Based Targets initiative (SBTi) to Development framework created by the Climate reduce our emissions in line with ▪ Signatories to th
Slide 18: Strong Commitment to CSR
STRONG COMMITMENT TO CSR Grameen Vikas: Brighter Farming ✓ 353 farmers were trained on Bee Hotels management to improve red gram yield ✓ 1,106 farmers were benefited through vet camps leading to savings of ₹ 150 per animal ✓ Dairy/poultry management training and awareness was conducted for 17,414 fa
Slide 19: Annexures
ANNEXURES 18 I Godrej Agrovet
Slide 20: Shareholding Pattern as of September 30, 2023
SHAREHOLDING PATTERN AS OF SEPTEMBER 30, 2023 FII Major Investors 9.5% DII 6.5% ➢ Temasek ➢ LIC of India ➢ Nippon Mutual Fund Others ➢ Vanguard 9.9% ➢ Kotak Mutual Fund ➢ DSP ➢ WisdomTree ➢ Government Pension Fund Global ➢ Bajaj Holdings Promoters ➢ LIC Mutual Fund 74.0% 19 I Godrej Agrovet
Slide 21: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Aditya Desai Email: s.varadaraj@godrejagrovet.com Email: aditya.desai@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 20 I Godrej Agrovet
Slide 22: Thank You for Your Time and Consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 21 I Godrej Agrovet