Slide 1: Q1 FY23 - Results Presentation
Q1 FY23 - Results Presentation August 2022
Slide 2: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ ma
Slide 3: Contents
Contents Q1 FY23 Results 4 Company Overview 14 Industry Overview 28 3
Slide 4: Q1 FY23 Results
Q1 FY23 Results 4
Slide 5: Financial Overview
Financial Overview In Q1 FY23, PSL reported: Revenue of Rs. 3,825.7 million, registering growth of 37% yoy Operating EBITDA of Rs. (19.5) million, translating to a margin of (0.5)% PAT stood at Rs. (113.9) million EPS (Diluted) stood at Rs. (4.86) per share 5
Slide 6: Operational Overview
Operational Overview Reported strong revenue growth of 37% yoy in Q1 FY23 on the back of normalized activity across our retail presence o Registered healthy volume traction across major product categories assisted by an uptick in consumption across key geographies o Enhanced distribution network l
Slide 7: Approval under Performance Linked Incentive ('PLI') Scheme
Approval under Performance Linked Incentive (‘PLI’) Scheme The company has received approval under the PLI scheme of the Government of India under ‘Ready to Eat’ segment All the products are covered under the PLI scheme except for Potato Chips The base year for calculating the PLI benefit on-i
Slide 8: Drivers for Top Line growth
Drivers for Top Line growth Normalisation of Activities Continued Deeper Penetration Footfall and activity levels across all of the touchpoints Continuing to enhance geographical reach in key have returned to pre-covid levels markets by adding new retail touchpoints, present in All retail touc
Slide 9: Measures To Enhance Profitability and Returns
Measures To Enhance Profitability and Returns Bottom slicing Compression of distribution Reasons for lesser volumes were structure identified, and levers were worked on to improve them PSL has implemented direct distribution across all regions, ahead Indirect expenses are being of schedule sav
Slide 10: MD & CEO's Message
MD & CEO’s Message Commenting on Q1 FY23 performance, Mr. Amit Kumat - Managing Director & CEO, Prataap Snacks Limited said: “We are pleased to start FY23 on a strong note with robust revenue growth of 37% yoy in the first quarter. This has been driven by a steady uptick in consumption as well as th
Slide 11: Abridged P&L Statement
Abridged P&L Statement Y-o-Y Particulars Q1 FY’23 Q1 FY’22 Change Income from Operations 3,825.7 2,796.2 37% Raw Material Cost 2,954.5 2,125.4 39% Gross Profit 871.2 670.8 30% Gross Margin 22.8% 24.0% -120 Bps EBITDA (19.5) 110.8 -118% EBITDA Margin (0.5%) 4.0% -450 Bps Depreciation 140.7 131.1 7% I
Slide 12: Financials – Q1 FY'23 Performance
Financials – Q1 FY’23 Performance Income From Operations Gross Margin (%) Gross Margin Margin (%) 3,825.7 871.2 670.8 2,796.2 24.0% 22.8% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 ▪ Income from operations in Q1 FY’23 stood at Rs.3,825.7 Mn registering a strong growth of 37% yoy ▪ Gross margin stood at 22.8% i
Slide 13: Financials – Q1 FY'23 Performance
Financials – Q1 FY’23 Performance EBITDA Margin (%) PAT Margin (%) 110.8 Q1 FY22 Q1 FY23 (15.9) (0.60%) (19.5) 4.0% (3.00%) Q1 FY22 Q1 FY23 (0.50%) (113.9 ) ▪ EBITDA for Q1 FY’23 stood at Rs. (19.5) Mn, due to severe pressure of higher input cost ▪ Profit after Tax for FY’23 stood at Rs. (113.9) Mn
Slide 14: Company Overview
Company Overview 14
Slide 15: Prataap Snacks at a Glance
Prataap Snacks at a Glance Over Approx SKUs Manufacturing packets sold 8 year revenue Facilities* per day CAGR Reach of over Super Retail In Rings Sub-Distributors Distributor Touchpoints 15 *[7 Inhouse plants (Kolkata plant gutted in fire and is under restoration process) and 7 contract manufacturi
Slide 16: Diverse Product Portfolio
Diverse Product Portfolio RINGS, KURVES, NAMKEEN & POTATO CHIPS CHULBULE NAMKEEN PELLET SNACKS Sweet Snacks PUFF & Stix FRYUMS Potato based Rice grit & Corn grit Gram and Wheat based Cake Namkeen snack Corn grit based snack other lentils SKUs: 22 variations and Fryums SKUs: 7 based
Slide 17: Avadh Snacks
Avadh Snacks Product Portfolio Leading and fourth largest Namkeen Fryums snacks brand in Gujarat Strong presence in Gujarat, one of the largest market 30% revenue CAGR over the past 6 years Key Products: Bhavnagri Gathiya, Sada Key Products: Tomato Cup, Salted reffil, Mamra, Papdi Gathiya, Chavanu,
Slide 18: Avadh Snacks - Unique Business model & Expansion plans
Avadh Snacks - Unique Business model & Expansion plans Business Model Expansion plans Avadh has a Unique Business model •Value Player offering higher value Increased capacity of for Money to consumers. Rajkot facility by 50% post acquisition Pan India Direct Distribution model expansion To expand Av
Slide 19: Sweet Snacks Portfolio
Sweet Snacks Portfolio Center Filled Choco Vanilla Sandwich Cookie-Cake Yum Cake Tiffin Cake Swiss Roll Cup Cake Cake Cake SKU's - 1 SKU's - 2 SKU's - 1 SKU's - 1 SKU's - 1 SKU's - 1 SKU's - 2 Target Target Target Target Target Target Target group - group - group - group - group - grou
Slide 20: Track Record of Innovation (1/2)
Track Record of Innovation (1/2) Introduction of Yoodles and Creamy Introduction Sticks Introduction of Rings, of Scoops 2016 Namkeen 2015 and Wheels 2014 Ring 2013 Namkeen • Mango Chutney 2012 Namkeen • Chana Choor • MRP 15/- pack with bigger toys 2010/11 Namkeen • Garlic Sev Mamra 2009/10 Potato C
Slide 21: Track Record of Innovation (2/2)
Track Record of Innovation (2/2) Launched Swiss Rolls Launched Plain Cut under Rich Feast Launched Chips, Nachos, and Rusk, Kurves Launched Yum Launched Cup Cake, Cake, Cookie Cake Puchka Launched Yum- Tiffin Cake and Pie, a variety of and Choco Vanilla Sandwich Cake Introduction of 2022 sweet snack
Slide 22: Key Milestones
Key Milestones Launched Plain Guwahati new plant Entered into 3P Cut Chips Sequoia’s initial Contract Doubled the commissioned investment of Rs. Manufacturing Rusk capacity of Potato Prakash Snacks 620 mn in Karjat & Installed Chips plant at Conversion of incorporated. Prataap Snacks Introduction of
Slide 23: Pan India Presence
Pan India Presence Strategically located Manufacturing facilities to cater the regional demand No. of Facilities Products No. of Facilities Products 1 - Contract Facility Pellet Kanpur Hissar & 1 – Contract Facility Chips, Pellets, Chulbule 5 Karnal 1 – Contract Facility Chips, Pellets No. of Facili
Slide 24: Guided by an Accomplished Board
Guided by an Accomplished Board Arvind Mehta Chairman & Executive Director Over 33 years of experience in real estate Vineet Kumar Kapila business along with over 18 years in the snacks Independent Director food industry and in the financing business Ex-COO (RPC North of United Spirits) & earlier MD
Slide 25: Helmed by a Professional Management Team
Helmed by a Professional Management Team Mr. Arvind Mehta Over 33 years of experience in real estate business along with over 18 years in the Chairman & Executive snacks food industry and in the financing business Director Corporate functions Mr. Amit Kumat Managing Director and Chief Over 26 years
Slide 26: Helmed by a Professional Management Team
Helmed by a Professional Management Team Mr. Sumit Sharma Member of Institute of Chartered Accountants of India. He has over 20 years of experience in accounting, finance, banking and taxation and worked with Crompton Chief Financial Officer Greaves, L&T and New Holland Group Corporate functions Mr.
Slide 27: Helmed by a Professional Management Team
Helmed by a Professional Management Team He holds bachelor degree in Commerce. He has over 34 years of experience in the Corporate functions Mr. D.V. Praveen Kumar field of beverages & food, FMCG, dairy, confectionaries, cosmetics and edible and General Manager Sales – South worked with PepsiCo for
Slide 28: Industry Overview
Industry Overview 28
Slide 29: Favourable Demographics Supporting Industry Growth
Favourable Demographics Supporting Industry Growth INDIA POPULATION TREND (MILLIONS) TOTAL ORGANIZED SNACKS FOOD MARKET SIZE 33,000 CRORES (CY 21) 1,468 PRODUCT WISE SPLIT 1,456 1,444 1,431 Potato Chips 1,418 23% 1,405 1,392 Namkeen 1,379 43% 1,368 1,339 1,326 2017 2018 2019 2020 2021 2022 2023 2024
Slide 30: About Prataap Snacks Ltd.
About Prataap Snacks Ltd. Prataap Snacks Limited (PSL) is a leading Indian Snacks Food Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Namkeen Sumit Sharma (traditional Indian snacks) under the popular and vibrant Yellow Diamond and Avadh Prataap
Slide 31: Thank You
Thank You 31