Slide 1: Exchange filing cover letter
Ref No.: PSL/2019-20/CS/SE/18 Date: 23rd May, 2019 To, To, Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor P.J. Towers, Plot No. C/1, G Block Dalal Street Bandra Kurla Complex Mumbai- 400 001 Bandra ( E), Mumbai -400
Slide 2: Q4 & FY19 - Results Presentation
PRATAAP SNACKS LIMITED Q4 & FY19 - Results Presentation May 2019
Slide 3: 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 4: Contents
Contents Company Overview 4 Industry Overview 12 Avadh Snacks Acquisition- Unlocking Synergies 15 Q4 & FY19 Results Performance 19 3
Slide 5: Company Overview
Company Overview 4
Slide 6: Company Snapshot
Company Snapshot 5 year revenue SKU’s Manufacturing Market Leader in CAGR facilities Rings States Super Stockists Distributors Packets sold per day Diverse Product Portfolio Focus On Product Innovation Pan India Distribution Network Core Management With Deep Domain Expertise Strategically Located Ma
Slide 7: Diverse Product Portfolio
Diverse Product Portfolio POTATO CHIPS CHULBULE* RINGS, KURVES NAMKEEN* PELLET SNACKS NACHOS YUM CAKE & NAMKEEN & & PUFF* COOKIE CAKE FRYUMS Potato Rice grit & Corn grit Gram Wheat Made from Cake centre Namkeen based Corn grit based based# based corn tortillas filled with and Fryums
Slide 8: Focus On Product Innovation
Focus On Product Innovation Namkeen • Banana Wafer Black Pepper • Banana Wafer Salted • Cornflake Mixture Potato Chips Namkeen • Cream & Potato Chips • Mitha Falahar • Garlic Sev • Tasty Punch • Bhel Ring Kurves Onion Mamra • Mango • Sev Murmura • Cheese • Nimbu Chulbule • Masala Matar Chutney and M
Slide 9: Pan India Presence
Pan India Presence Strategically located Manufacturing facilities to cater the regional demand Hissar Kashipur No. of Facilities Products 1 No. of Facilities Products Extruded 1 – Contract Facility Snacks, Pellets 1 - Contract Facility Chips, Namkeen Indore 10 No. of Facilities Products 1 5 Chips, E
Slide 10: Guided By An Accomplished Board Of Directors
Guided By An Accomplished Board Of Directors Arvind Mehta Amit Kumat Apoorva Kumat G.V. Ravishankar Chairman & Executive Director Managing Director & CEO Executive Director (Operations) Nominee Director (Sequoia) Over 29 years of experience in Over 22 years in the snacks foods Over 22 years in the s
Slide 11: Core Management With Deep Domain Expertise
Core Management With Deep Domain Expertise Corporate functions Arvind Mehta Amit Kumat Apoorva Kumat Subhashis Basu Sumit Sharma Chairman & Executive Director Managing Director & CEO Executive Director (Operations) COO CFO Over 29 years of experience in Over 22 years in Snack Over 22 years in Snack
Slide 12: Prataap Snacks' Evolution
Prataap Snacks’ Evolution Acquired 80% Guwahati new plant stake in Avadh commissioned Snacks, a leading snacks player Sequoia’s initial ISO Certification for Indore In Gujarat investment of Rs. 620 chips manufacturing plant mn Doubled the Entered into new Prakash Snacks Prataap Snacks capacity of Po
Slide 13: Industry Overview
Industry Overview 12
Slide 14: Trends In The Indian Organised Snacks Market
Trends In The Indian Organised Snacks Market Organized snack market valued at Rs.220 Bn represents only ~40% of Rs.550 Bn total snack market Category/ product** Region* Sales channels* 2% Chips Independent 13.5% small grocers 3.4% Supermarkets 30% Extruded snacks 36% 7.5% Hypermarkets 5.3% Namkeen &
Slide 15: Backed By Strong Demographic Tailwinds in India
Backed By Strong Demographic Tailwinds in India Rising Population of Youth and Large and Growing Population Children¹ 1,289 1,274 1,256 Total Population 1,238 583 584 580 Population 1,220 577 (million) (million) 574 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012-2016 CAGR: 1.4% 2012-2016 CAG
Slide 16: Acquisition of Avadh Snacks- Unlocking Synergies
Acquisition of Avadh Snacks- Unlocking Synergies 15
Slide 17: Synergies from Avadh Snacks
Synergies from Avadh Snacks Avadh Snacks delivered robust growth in topline and profitability for Q4 and the period ended FY19 Gujarat is the biggest salty snacks market in the country and an important market for Prataap Snacks to increase its market presence – Distribution synergies and brand s
Slide 18: Avadh Product Portfolio – Namkeen
Avadh Product Portfolio – Namkeen Key Products: Bhavnagri Gathiya, Sada Mamra, Papdi Gathiya, Chavanu, Lasaniya Mamra Price Point: Rs. 5, 10, 30, 50 SKUs: 34 varieties Target group: All 17
Slide 19: Avadh Product Portfolio – Fryums
Avadh Product Portfolio – Fryums Key Products: Tomato Cup, Salted reffil, Masala cup, Chiji Noodles, Salli, White crunchy papd Price Point: Rs. 5, 10, SKUs: 21 varieties Target group: Children 18
Slide 20: Q4 & FY19 Results Performance
Q4 & FY19 Results Performance 19
Slide 21: Operational Overview
Operational Overview In Q4FY19, PSL’s organic revenues (including revenues from Sweet Snacks in wholly owned subsidiary Pure’N’Sure Foods) were marginally higher on a yoy basis. – To enable this like for like comparison, Rs. 7.9 crore of Government grants relating to earlier years which were part
Slide 22: Financial Overview
Financial Overview In Q4 FY19, PSL reported: Revenue of Rs. 3,065.3 million, delivered double digit growth of 11.8% yoy Operating EBITDA grew by 8.4% yoy to Rs. 223 million, translating to a margin of 7.3% PAT for the quarter stood at Rs. 137.1 million EPS (Diluted) was at Rs. 5.84 per share
Slide 23: MD & CEO's Message
MD & CEO’s Message Commenting on Q4 & FY19 performance, Mr. Amit Kumat - Managing Director & CEO, Prataap Snacks Limited said: “Over last 15 years, Yellow Diamond has evolved into a national brand in the Indian Snack Foods industry with a diversified product portfolio of over 100 SKU’s across multip
Slide 24: Abridged P&L Statement
Abridged P&L Statement Y-o-Y Y-o-Y Particulars Q4FY19 Q4FY18 FY19 FY18 Change (%) Change (%) Income from Operations 3,065.3 2,740.6 11.8% 11,706.1 10,184.0 14.9% Raw Material Cost 2,176.8 1,821.5 19.5% 8,204.2 6,862.0 19.6% Gross Profit 888.5 919.1 -3.3% 3,501.9 3,321.9 5.4% Gross Margins 29.0% 33.5
Slide 25: Financials – Q4 & FY19 Performance
Financials – Q4 & FY19 Performance Sales / Income from Gross Margin (%) Operations 33.5%* 32.6% * 29.9% 11,706.1 29.0% 10,184.0 2,740.6 3,065.3 Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 ▪ Income from operations in Q4FY19 grew by 11.8% yoy to Rs. 3,065.3 mn on account of consolidation; In FY19
Slide 26: Financials – Q4 & FY19 Performance
Financials – Q4 & FY19 Performance EBITDA Margin (%) PAT Margin (%) 8.5% 4.5% 4.3% 7.5% 7.3% 3.7% 3.8% 7.1% 205.8 223.0 869.3 832.2 100.8 137.1 441.8 446.4 Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 ▪ EBITDA grew by 8.4% yoy to Rs. 223.0 mn , whereas the EBITDA for FY19 was at Rs. 832.2 mn ▪ PA
Slide 27: Financials – Q4 & FY19 Performance
Financials – Q4 & FY19 Performance Cash Profits Cash EPS 34.95 35.08 822.8 746.0 247.3 10.55 180.9 7.72 Q4FY18 Q4FY19 FY18 FY19 Q4FY18 Q4FY19 FY18 FY19 ▪ The Company follows a conservative accounting policy and is amortizing intangible assets of Avadh Snacks ▪ A lateral benefit has been contained ta
Slide 28: Avadh Acquisition Accounting
Avadh Acquisition Accounting The company completed the acquisition of Avadh Snacks Private Limited in Q3 and the accounting for the business combination has been done, as per details mentioned below: Particulars Amount in Cr. Purchase Consideration Contingent Deferred Cash 148.00 Consideration is
Slide 29: About Prataap Snacks Ltd.
About Prataap Snacks Ltd. Prataap Snacks Ltd. (PSL) is a leading Indian Snack Foods Company. It offers multiple variants of products across categories of Potato Chips, Extruded Snacks, Sumit Sharma Namkeen (traditional Indian snacks) under the popular and vibrant Yellow Diamond brand. It has recentl
Slide 30: Thank You
Thank You 29