Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — H1 FY2025 Earnings Presentation
23 slides from Apex Frozen Foods's earnings presentation, Nov 13, 2024
Slide 1: Exchange filing cover letter
ALTEX 3 160, Panasopadu, Kakinade 533 005 Andhra Pradesh. India off +91 884 2383902 - 4 (3 lines) fax +91 884 2383905 - 6 cs@opexfrozenfoods.com CIN: L15490AP2012PLC080067 Date: 13t November, 2024. To To The General Manager, The General Manager, Department of Corporate Services, Listing Department,
Slide 2: Apex Frozen Foods Result Presentation Q2 & H1FY25
APEX FROZEN FOODS LTD Apex Frozen Foods Result Presentation Q2 & H1FY25
Slide 3: Safe Harbour
A Safe Harhour 0 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 4: Table of Contents
Tahle of Contents 01 Q2 & H1FY25 Highlights 02 Company At a Glance 03 Annexure
Slide 5: Q2 & H1FY25 Highlights
A APEX FROZEN FOODS LTD 02 & H1FY25 Highlights
Slide 6: Key Business Updates
) Key Business Updates P Industry Updates: > The Indian Shrimp Industry faced severe supply-side issues in H1FY25, with low Shrimp Production on one hand and increased Freight costs for transportation on the other. Consequently, overall costs increased further in Q2FY25 > However, the Global Shrimp
Slide 7: Operational Highlights
) Operational Highlights P i § El 4' Total Shrimp Sales (MT) |——| Average Realization (Rs/Kg)* |—| Geographical Mix (%) - China & Others 4% o ] = H1FY25 8 b R S @ 8 =2 N o © & e} = o) >l -H = N R d i N PO & PP o Union & & & & & F ¥ *Average sales realization = Net Revenue (excluding export incentive
Slide 8: Profit & Loss Highlights — Q2FY25
) Profit & Loss Highlights — Q2FY25 a Particulars (Rs Mn) Q2FY25 Q2FY24 Y-0-Y % Q1FY25 Q-0-Q % HIFY25 H1FY24 Y-0-Y % Net Revenue* 1,995 2,405 -17% 1,860 7% 3,855 4,944 -22% Other Income 7 10 -34% 4 68% 10 12 -11% Total Income 2,002 2,415 -17% 1,864 7% 3,866 4,955 22% Raw Material Cost 1,465 1,689 -1
Slide 9: Profit & Loss - Annual
) Profit & Loss - Annual 3> Particulars (Rs Mn) FY21 FY22 FY23 FY24 Net Revenue 8,185 9,262 10,703 8,041 Other Income 75 57 17 32 Total Income 8,260 9,319 10,720 8,073 Raw Material Cost 5,531 6,150 7,419 5,627 Gross Margin (%) 33.0% 34.0% 30.8% 30.3% Employee Expenses 398 430 460 545 Other Expenses
Slide 10: Balance Sheet Highlights
) Balance Sheet Highlights 2 Liabilities (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Assets (Rs Mn) Mar-22 Mar-23 Mar-24 Sep-24 Shareholder’s Funds 4,684 4900 4971 4,929 Non-current Assets 2,656 2,803 2,708 2,613 Share Capital 313 | 313 | 3 | 33 Net Block 2360 2424 | 2538 2478 R & Surpl 4,372 4,587 4,658 4,
Slide 11: Key Growth Drivers
p Key Growth Drivers 3> (8 Well Experienced Management: L Current Capacity Offers Headroom for Growth > Experience of ~3 decades in the > Low Sales (MT) to Capacity ratio aquaculture industry. > Also, awaiting regulatory > Good track record of providing 1 approvals for selling our RTE top-quality pr
Slide 12: Company at a Glance
A APEX FROZEN FOODS LTD Company at a Glance
Slide 13: The Growth Journey So Far...
) The Growth Journey So Far... i & K (1995) (2004 - 2012) (2013 -2021) (2022 -24) Commenced business « Owned Processing Plant at * IPOand Listing on BSE & NSE in « Improved Product Mix: operations under Kakinada, Andhra Pradesh Sep’l7. Share of RTE products in partnership firm “Apex (AP). « Backward
Slide 14: Well-Integrated Operations
p ...To Having Built a Well-Integrated Operations 3> Key Export Markets — FY24 One Of The Leading Exporters Of Processed Shrimp In India W '*\ Catering to wide array of customers such as Food Companies, Retail dI!] Chains, Restaurants, Club Stores and Distributors spread across multiple geographies
Slide 15: Well Integrated Across Value Chain
p Well Integrated Across Value Chain FA 1 2 3 4 Shrimp Seed Shrimp Pre-processing Logistics (Hatchery) Farming and Processing (V) (V) (V) (V) * Production of Specific * Cultivation of shrimp, which * Sizing and grading * Inhouse Cold Storage Pathogen Free (SPF) shrimp are reared in ponds in a « Dehe
Slide 16: Strategically Located Facilities
) Strategically Located Facilities P [ Three Hatcheries with a total capacity of 1.2-1.4 billion ndra Pradesh SPF seed Two Processing plants with a total capacity of 34,240 MTPA, along with Cold Storage capacity of ~3,500 MT ? Our facilities are located ~20 kms from Kakinada port fi% and ~150 kms fro
Slide 17: Processing Capacity Offers Headroom for Growth
- Processing Capacity Offers Headroom for Growth Total Capacity 34,240 MTPA Unit 1 - Kakinada, Andhra Pradesh Unit 2 - G. Ragampeta, Andhra Pradesh Ready-to-Cook products: 9,240 MTPA Ready-to-Cook products: 15,000 MTPA Cold Storage: 1,000 MT Ready-to-Eat products: 10,000 MTPA Cold Storage: 2,500 MT
Slide 18: Product Offering - Moving up the Value Chain
) Product Offering - Moving up the Value Chain 3> P L] v & C. e READY-TO-EAT (RTE) — SPECIALTY PRODUCT Cooked Peeled & De-veined Tail-on PEELED PRODUCT Butterfly shrimp Cooked in Shell BASE PRODUCT Peeled, Deveined, Tail-on Skewered shrimp Shrimp Rings Head On Peeled, Un-deveined, Tail-on Seasoned s
Slide 19: Annexure
A N — FA APEX FROZEN FOODS LTD Annexure
Slide 20: India's Seafood Exports Driven by Surging Shrimp Exports
) India’s Seafood Exports Driven by Surging Shrimp Exports P § i El 1735 1782 1,377 1393 1,290 FYOS FY10 FYll FY12 Fvi3 FYl4 FY15 Fyle FYl7 FY18 FY1S FY20 Fy21 FY22 FY23 FY24 mmmm Frozen Shrimp mmsm Other Seafood ~ —@— Total Seafood India’s Shrimp Exports — FY24 ME, Japan, SE Asia, 4% 5% 13% 19
Slide 21: Key Considerations for the Sector
) Key Considerations for the Sector A Y $$% Demand Slowdown Disease Related Volatile Pricing Being an export-oriented Highly susceptible to Global imbalancesin sector, any slowdown in outbreak of diseases, which demand-supply can consumption in key can have a detrimental impact pricing. Exchange mar
Slide 22: Share Capital Information
) Share Capital Information 3 NSE / BSE code APEX / 540692 Shareholding Pattern as on September 2024 CMP (Rs/share) (as on 13-Nov-24) 221 Market Cap (Rs Cr) 6,91 [ ———— 2.4% # Shares (Cr) 3.125 Face Value (Rs/share) 10.00 Sector Aquaculture Location Kakinada, AP = Promoters = Flis = Dlls = Public ——
Slide 23: Thank You
Thank You A @ Mr Chowdary Karuturi, Managing Director APEX o roos o Apex Frozen Foods ir@apexfrozenfoods.com CIN: L15490AP2012PLC080067 SKSTELLAR Pooja Sharma | Suyash Samant Stellar IR Advisors Pvt. Ltd. @ pooja@stellar-ir.com | suyash@stellar-ir.com 22