Lt Foods Limited · NSE:LTFOODS
Lt Foods — FY21 Earnings Presentation
31 slides from Lt Foods's earnings presentation, May 26, 2021
Slide 1: Investor Presentation FY21 & Q4 FY21
Investor Presentation FY21 & Q4 FY21 1
Slide 2: Safe harbour statement
Safe harbour statement This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by LT Foods Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 3: Maximising Shareholders Wealth by Strategic Focus towards Profitable Growth
Maximising Shareholders Wealth by Strategic Focus towards Profitable Growth Revenue PAT 4,686 289 CAGR: 9% CAGR: 45% 3,915 137 FY19 FY21 FY19 FY21 Growth in revenue is being supported by strengthening the brands, widening distribution network and increasing brand penetration across all consumer segm
Slide 4: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 4|LT Foods Investor presentation, FY21 & Q4 FY21 4
Slide 5: FY21 Key Highlights
FY21 Key Highlights Improvement in Debt to EBITDA Total Revenue up by 12% Gross Profit up by 21% ratio1 (2.1x vs 2.9x) EBITDA up by 18% Rs. 345 crore free cash flow Basmati & Other Specialty generated during the year, which Rice business up by 9% has helped in reducing debt by EPS up by 49% Rs. 205
Slide 6: Q4 FY21 Key Highlights (Y-o-Y)
Q4 FY21 Key Highlights (Y-o-Y) Basmati & Other Specialty Gross Profit up by 5% Rice business down by 7% PBT up by 4% Organic business up by 11% Cash Profit up by 3% Finance Cost down by 46% New Products business up by 30% 6|LT Foods Investor presentation, FY21 & Q4 FY21 6
Slide 7: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 7|LT Foods Investor presentation, FY21 & Q4 FY21 7
Slide 8: Right-to-Win
Right-to-Win Robust Global Supply Chain Strong Global Brands to Provide Superior Consumer Experience •- Complete control on the value chain from “Farm to Fork” •- Flagship Brands “Daawat” and “Royal” enjoy leadership positions in India and US with market share of 27% and 50% •- Global Supply chain h
Slide 9: Navigating the second wave of COVID-19 in India
Navigating the second wave of COVID-19 in India • Implementing learnings from the first wave; better prepared to navigate any disruptions • Vaccination Camps organized for the team members across different offices • All the plants are operational across geographies • Operating with optimal levels of
Slide 10: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 10|LT Foods Investor presentation, FY21 & Q4 FY21
Slide 11: FY21 – Strong All Round Growth
FY21 – Strong All Round Growth Revenue EBITDA & EBITDA Margin • Revenue up 12%, aided by growth in US, Europe 12.2% 12.8% and Organic business • Gross Profit higher by 21% and the margins 4,686 4,173 598 increased by 232 bps on y-o-y basis, due to: 509 • Change in product mix towards higher margin F
Slide 12: Q4 FY21 – Improving Operational Efficiencies along with savings in Interest Cost
Q4 FY21 – Improving Operational Efficiencies along with savings in Interest Cost • Revenue down 6% y-o-y, due to pandemic induced Revenue EBITDA & EBITDA Margin up-stocking in March last year 12.3% 12.6% 12.1% • Gross Profit higher by 5% and the margins increased by 328 bps on y-o-y basis, due to: 1
Slide 13: Segment-Wise Revenue Break-Up
Segment-Wise Revenue Break-Up Basmati & Other New Organic Specialty Rice Product Business Portfolio Flagship brands Daawat and Royal Diversified portfolio comprising of Other global brands such as Indus organic cereal grains, flour, pulses, Health Segment – Daawat Quick Valley, 817 Elephant,
Slide 14: Basmati & Other Specialty Rice Break-Up
Basmati & Other Specialty Rice Break-Up India Revenue 64 46 62 64 65 341 219 315 305 304 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Revenue (Rs. Cr) Volume (MT '000) International Revenue 70 75 68 59 97 699 798 676 607 659 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY21 Revenue (Rs. Cr) Volume (MT '000) * Q1 FY21 Basmat
Slide 15: Inventory and Working Capital
Inventory and Working Capital Working Capital Days Inventory Value (Rs. Cr) Mar-20 Mar-21 Paddy Rice 251 237 232 215 1092 778 57 54 38 607 32 526 513 Inventory Days Payable Days Recievable Days Working Capital Days March-20 March-21 Inventory Days 274 The Company has taken a call to 242 251 222 222
Slide 16: Key Financial Ratios and Other Growth Parameters
Key Financial Ratios and Other Growth Parameters Debt/Equity Interest Coverage Ratio Current Ratio 2.7 Total Debt Long Term Debt 5.6 2.3 1.7 1.4 1.5 1.3 3.2 1.4 1.2 2.5 2.5 0.9 2.1 2.2 1.0 1.1 0.7 0.1 0.1 0.2 0.1 0.1 0.1 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19
Slide 17: Global Footprint & Diversified Portfolio
Global Footprint & Diversified Portfolio Our diversified market presence as well as our balanced portfolio, serving a wider consumer audience, positions us to capitalize on emerging opportunities in the consumer food business. 1.5% 6% 4% 8% 12% 36% FY21 FY21 20% Revenue by Revenue by geography busin
Slide 18: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 18|LT Foods Investor presentation, FY21 & Q4 FY21 18
Slide 19: Capital Allocation Plan
Capital Allocation Plan We aim to balance the objectives of ploughing back earnings to support sustained growth, debt reduction and appropriate reward to shareholders through dividends Growth Utilizing the free cash flow generated for the growth in its Basmati and Organic business along with the new
Slide 20: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 20|LT Foods Investor presentation, FY21 & Q4 FY21 20
Slide 21: Various Brand Initiative in Digital Space
Various Brand Initiative in Digital Space Influencer Campaign Brown Digital Campaign Digital Advertising Brand Daawat got Searches for healthy food increased verified on Digital Film was launched in Collaboration with Meghna – Brown Rice Campaign in multiple Instagram & Facebook Food Instagrammer of
Slide 22: Uninterrupted Customer Engagement even during Lockdown
Uninterrupted Customer Engagement even during Lockdown Shared different easy to cook Launch of 4 New TVCs Sponsorship & Brand Integration in recipes with audience. As people Zindagi Phir Sajegi with DAAWAT Zee5 show - Yaar da punch stayed home and aimed to break World will start healing & there will
Slide 23: Brand Visibility across different Occasions
Brand Visibility across different Occasions Launch of New TVC for Rakhi Festival Daawat celebrates the unbreakable bond of siblings through the video, themed around 'Khud ki raksha karke apno ki raksha karein'. Total Reach Total Views 275 lakhs lakhs + 1500+ spots in key 83 channels + Rakhi Campaign
Slide 24: Strengthening Brand Equity for our brand Daawat in Indian Market
Strengthening Brand Equity for our brand Daawat in Indian Market Daawat Cuppa Rice Making ‘Out of Home’ Brand Engagement with Audience on who Presence Stronger would they call for ‘Pehli Daawat’ Bus Shelters in Delhi Different Celebrities shared their own story – 35 lakh+ views • Selling through 4 t
Slide 25: Strengthening Brand Equity of our brand Daawat Globally
Strengthening Brand Equity of our brand Daawat Globally Europe – Marketing Initiatives Middle East - – Marketing Initiatives Change of Arabic logo Revamp Hadeel to the new New Product Launched has now been look “Orange”, looks implemented across all impactful and stands out in products in the region
Slide 26: Strengthening Brand Equity of our brand Royal in America
Strengthening Brand Equity of our brand Royal in America Print and Digital Advertising Programming Update Increasing Consumer Demand Mixed media campaign to increase awareness in store through demo and amongst mainstream consumers of Royal® RTH Drive top of the Mind Awareness displays for Royal and
Slide 27: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 27|LT Foods Investor presentation, FY21 & Q4 FY21 27
Slide 28: Strategic Focus
Strategic Focus Growth Margin Expansion • Solidify the leadership position in Strengthen key markets • Increase consumer penetration Financial Metrics across segments to grow current • Change in Product Mix market share • Improve EBITDA margins by ~ • Strengthen & widen distribution 50bps - 100bps p
Slide 29: Contents
Contents Key Highlights Right–to–Win Strategy Financial Update Capital Allocation Plan Marketing Initiatives Strategic Focus Shareholding Pattern 29|LT Foods Investor presentation, FY21 & Q4 FY21 29
Slide 30: Shareholding Pattern
Shareholding Pattern As on March 31, 2021 Others, 38.58% Promoter, 56.81% FII, 1.14% Mutual Funds , 3.47% 30|LT Foods Investor presentation, FY21 & Q4 FY21 30
Slide 31: Investor Contact
World of LT foods Investor Contact Ms. Monika Chawla Jaggia Email: Monika.Jaggia@ltgroup.in Tel: 0124-3055210 CIN: L74899DL1990PLC041790 Website: ltgroup.in Address: Unit-134, 1st Floor, Rectangle-1, Saket District Centre, Saket, New Delhi-110017 DaawatBasmatiOfficialAuthenticRoyalFoods 31