Sundrop Brands Limited Shs Dematerialised · NSE:SUNDROP
Sundrop Brands Limited Shs Dematerialised — Agro Tech Foods — Q1 FY2024 Earnings Presentation
18 slides from Sundrop Brands Limited Shs Dematerialised's earnings presentation, Jul 27, 2023
Slide 1: Agro Tech Foods Limited
Agro Tech Foods Limited 27th July, 2023 The Manager, The Manager BSE Limited, Listing Department Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai -400 001. Sandra (E), Mumbai - 400 051. Ph. No. 022-22721233 / 227
Slide 2: Investor Update, July 27th, 2023
Agro Tech Foods Limited Investor Update July 27th, 2023
Slide 3: Company Strategic Vision
Company Strategic Vision The Best Performing Most Respected Foods Company in India 2
Slide 4: Quarter 1 FY'24 – Key Performance Highlights
Quarter 1 FY’24 – Key Performance Highlights Steady Foods Growth – Improving Margins • Q1 Foods Revenues of Rs. 103 crore – up 10% vs PY – helped by return to growth in RTC but impact of Spreads performance. • Gross Contribution (NS-RM-PM) at 38% for Total Company with Foods at historical level of 4
Slide 5: Performance Highlights by Category
Performance Highlights by Category ~ ~/ --~ r ~ . .,. 't lG ~ " Plit\J\JUT ~i~~;'.~ .• ~::i1 ~ , ,. . ., ~~ ,n,)"!!,. \ ... ~ .. 1. Ready to Cook 2. Ready to Eat -Western 3. Spreads (Rs. 18,000 crore) (Rs. 28,500 crore) (Rs. 3400 crore) pm -- 9 · NUTRI!'='{ tlCl lll t l M'Ul."..ltD ,C,,>.T~ 4. Break
Slide 6: Ready to Cook
Ready to Cook Q1, Q2, Q3, Q4, Q1, RTC FY’23 FY’23 FY’23 FY’23 FY’24 Volume -5% -4% -6% -8% +4% Value -4% +1% -3% -7% +4% • Gradual ending of Covid19 base impact on Popcorn reflected in QOQ comparisons. • Steady levels of Media combined with Distribution expansion and retail Demos provide support. •
Slide 7: Ready to Eat
Ready Ready to to Eat Eat Q1, Q2, Q3, Q4, Q1 RTE FY’23 FY’23 FY’23 FY’23 FY’24 Volume +65% +32% +36% +27% +35% Value +79% +50% +37% +30% +32% • Steady Volume growth in Popcorn drives RTE Category Growth. • Sweet Snacks continue to increase share - Sweet share of RTE at 8% in Q1 compared to 3% in Q1,
Slide 8: Spreads & Dips
Spreads & Dips Q1, Q2, Q3, Q4, Q1, Spreads FY’23 FY’23 FY’23 FY’23 FY’24 Volume +28% +30% +20% +9% +0% Value +10% +14% +5% +3% -2% • Shift towards Sweet PB commenced with Media Support. Execution designed to simultaneously gain Sweet PB LUP’s share in the 300-350 gm packs. Price Per Kg • Roll out of
Slide 9: Breakfast Cereals
Breakfast Cereals Q1, Q2, Q3, Q4, Q1, Cereals FY’23 FY’23 FY’23 FY’23 FY’24 Volume +54% +40% +67% 38% +40% Value +58% +46% +60% +42% +49% • Popz Center Filled Cereals power growth for ATFL – pricing taken without any impact on momentum. • Roll out of reworked Popz Shells product started. • Media sup
Slide 10: Chocolates
Chocolates Q1, Q2, Q3, Q4, Q1, Chocolates FY’23 FY’23 FY’23 FY’23 FY’24 Volume +218% +94% +28% +24% +38% Value +252% +105% +38% +30% +37% • Duo continues to steadily gain distribution and acquire consumers reflected in Volume Growth figures. • Supply Chain rhythm established and work on track for ca
Slide 11: Staples
Staples Q1, Q2, Q3, Q4, Q1, Volume FY’23 FY’23 FY’23 FY’23 FY’24 Premium -12% -9% -15% -14% +5% Mass -74% -70% -60% -22% +49% Total -30% -32% -26% -15% +9% Q1, Q2, Q3, Q4, Q1, Value FY’23 FY’23 FY’23 FY’23 FY’24 Premium -8% - -10% -12% -13% Mass -71% -65% -53% -10% +38% Total -24% -21% -20% -12% -8%
Slide 12: Competitive Update
Competitive Update
Slide 13: Snacks: Competition Spends
Snacks: Competition Spends Rs. Million F-18 F-19 FY20 FY21 Q1-22 Q2-22 Q3-22 Q4-22 FY22 Q1-23 Q2-23 Q3-23 Q4-23 FY23 Apr-23 May-23 Jun-23 Q1-24 ACT II 74 38 45 104 18 49 11 20 99 15 21 25 30 91 0 5 10 15 Lays 374 252 491 335 238 202 127 175 742 333 409 406 287 1435 244 211 59 514 Kurkure 260 396 321
Slide 14: Spreads: Competition Spends
Spreads: Competition Spends Rs Million F-14 F-15 F-16 F-17 F18 F-19 FY-20 FY-21 Q1-22 Q2-22 Q3-22 Q4-22 FY-22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Apr-23 May-23 Jun-23 Q1-24 Kissan Jam 207 304 381 357 512 704 752 679 156 154 138 124 572 133 171 106 168 578 63 56 138 257 Kissan PB 196 109 129 125 146 508 10
Slide 15: Breakfast Cereals: Competition Spends
Breakfast Cereals: Competition Spends Q1- Rs Million FY-18 FY-19 FY-20 FY-21 Q2- 22 Q3-22 Q4-22 FY-22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Apr-23 May-23 Jun-23 Q1-24 22 Sundrop Popz 5 5 Kellogg Cornflakes 265 390 230 355 124 124 108 171 526 136 152 141 211 639 48 37 52 137 Kellogg Chocos Fills 125 203 17 9
Slide 16: Chocolates: Competition Spends
Chocolates: Competition Spends May- Jun - Rs Million FY-18 FY- 19 FY-20 FY-21 Q1-22 Q2-22 Q3- 22 Q4-22 FY- 22 Q1-23 Q2-23 Q3-23 Q4-23 FY-23 Apr-23 Q1-24 23 23 Cadbury 5 Star 744 482 727 960 150 276 377 256 1058 153 461 209 245 1067 55 64 62 181 Cadburys Celebration 138 212 277 399 56 370 11 437 7 10
Slide 17: Edible Oils: Competition Spends
Edible Oils: Competition Spends FY- FY- Q1- Q2- Q4- Q1- Q2- Apr- May- Jun- Rs Million F-12 F-13 F-14 F-15 F-16 F-17 F-18 F-19 Q3-22 FY-22 Q3-23 Q4-23 FY-23 Q1-24 20 21 22 22 22 23 23 23 23 23 Sundrop 88 94 50 65 46 34 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Saffola 121 212 356 291 338 320 588 544 527 4
Slide 18: Q1 FY'24 Summary
Q1 FY’24 Summary • Foods growth increases to 10% in Q1 (3% in Q4, FY’23) as Ready to Cook returns to growth with ending of Covid19 base impact. • Gross Contribution at 38% for Total Company - Foods at historical level of 46%. • Impact of lower Edible Oils prices (c 35%) largely offset through growth