Amira Nature Foods Ltd · OTC:ANFIF
Amira Nature Foods — FY2014 Earnings Presentation
20 slides from Amira Nature Foods's earnings presentation, Jun 20, 2014
Slide 1: Amira: Family Owned Since 1915
Exhibit 99.3 AMIRA FAMILIY OWNED SINCE 1915
Slide 2: Investor Presentation June 2014
INVESTOR PRESENTATION June 2014 AMIRA www.amirafoods.com
Slide 3: Forward-Looking Statements
2 This This presentation contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking statements give our current expectations and projections rel
Slide 4: Presenters
3 Presenters Karan A. Chanana Chairman, Chief Executive Officer Bruce Wacha Chief Financial Officer Ashish Poddar Executive Director Finance Rajesh Arora Sr. Executive Director Finance
Slide 5: 4Q 2014 Performance Review
4 4Q 2014 Performance Review Revenue Key drivers Note: includes full benefit of Basmati Rice GmbH which was acquired in January 2014; Adjusted EBITDA and Adjusted EPS exclude the impact of non cash compensation; weighted average diluted shares were 35.7million and 36.0million for the fourth quarter
Slide 6: 2014 Fiscal Year Performance Review
5 2014 Fiscal Year Performance Review Revenue Key Drivers Note: Does not include the full benefit of Basmati Rice GmbH which had approximately $9 million in calendar year 2013 sales and was acquired in January 2014; Adjusted EBITDA and Adjusted EPS exclude the impact of non cash compensation in the
Slide 7: Revenue by Product, Brand, Geography and Top 5 Customers
6 Top 5 Customers 46.6% Rest of Customers 53.4% 2012 (IPO) Top 5 Customers 35% Rest of Customers 65% 2014 Asia Pacific 14% EMEA 43% India 41% North America 2% 2014 Amira Branded 43% Third Party Branded 44% Institutional 12% 2014 Revenue by Product, Brand, Geography and Top 5 Customers Revenue by bra
Slide 8: Recent Events: Acquisition of Basmati Rice GmbH
7 „X Announced acquisition of Basmati Rice GmbH, a specialty distributer of premium specialty rice, particularly Basmati rice in Germany in December 2013 for ~$3 million and closed in January 2014. „X Approximately $9 million in calendar year 2013 sales with a presence in more than 10 countries acro
Slide 9: Recent Events: New Distribution Centers and Factory Update
8 Recent Events: New Fully Owned Distribution Centers and Factory Update Eight New DCs Factory update Processing Capacity 24 60 0 20 40 60 80 Today Post Expansion Plans Installed Capacity (MT/HR) Haryana Rajasthan Uttar Pradesh Punjab Uttarakhand Ahmedabad Zirakpur (Punjab) Gurgaon Delhi Himachal Pr
Slide 10: Key Capital Structure Items
9 Key Capital Structure Items FY 2013 FY 2014 Cash equivalents and deposits $33.3 $36.6 Total debt $161.6 $184.8 Adjusted EBITDA $52.4 $75.5 Total debt/ Adjusted EBITDA 3.1x 2.4x Net debt/ Adjusted EBITDA 2.4x 2.0x $ in millions
Slide 11: Progress Update: Amira at Time of IPO vs. Today
10 Progress Update: Amira at Time of IPO vs. Today FY 2014 Revenue $342.0 $547.3 Adjusted EBITDA $41.9 $75.5 Adjusted EPS $0.38 $1.14 Share price $10.00 $12.93 Market cap $356.7 $461.3 Enterprise Value $416.5 $609.6 Enterprise Value / Adj EBITDA 10.0x 8.1x Note- Financials for IPO based on June 2012
Slide 12: Outlook
11 Outlook Long term FY 2015 Revenue 20% + growth $1.0 billion EBITDA 20% + growth $150 million
Slide 13: Appendix
12 Appendix
Slide 14: Consolidated Statements of Profit or Loss
13 Consolidated Statements of Profit or Loss Fiscal Year Ending March 31, 2014 March 31, 2013 Revenue $547,344,368 $413,682,574 Other income 160,064 94,368 Cost of materials (454,123,161) (347,341,159) Change in inventory of finished goods 39,859,583 27,594,211 Employee benefit expenses (11,642,833)
Slide 15: Consolidated Statements of Financial Position
14 Consolidated Statements of Financial Position As of March 31, 2014 As of March 31, 2013 ASSETS Non-current Property, plant and equipment $23,284,918 $23,467,379 Goodwill 1,727,338 - Other intangible assets 2,262,731 607,871 Other long-term assets 485,731 430,739 Total non-current assets $27,760,7
Slide 16: Consolidated Statements of Cash Flows
15 Consolidated Statements of Cash Flows March 31, 2014 March 31, 2013 (A) CASH FLOW FROM OPERATING ACTIVITIES Profit before tax for the year $47,425,775 $27,516,600 Adjustments for non-cash items 2,277,965 2,039,904 Adjustments for non-operating incomes and expenses 20,366,935 19,015,955 Changes in
Slide 17: Non IFRS Measures
16 Non IFRS Measures In evaluating our business, we consider and use the non-IFRS measures EBITDA, adjusted profit after tax, adjusted earnings per share, adjusted net working capital and net debt as supplemental measures to review and assess our operating performance. The presentation of these non-
Slide 18: Non IFRS Reconciliations for Adjusted EBITDA and Adjusted Profit After Tax
17 Non IFRS Reconciliations for Adjusted EBITDA and Adjusted Profit After Tax FY 2014 FY 2013 Three months ended March 31, 2014 Three months ended March 31, 2013 Profit after tax $38,132,704 $19,249,038 $16,777,338 $8,506,988 Add: IPO expenses - 1,750,082 - - Add: Income tax expense 9,293,071 8,267,
Slide 19: Non IFRS Reconciliation for Adjusted Earnings Per Share
18 Non IFRS Reconciliation for Adjusted Earnings Per Share FY 2014 FY 2013 Three months ended March 31, 2014 Three months ended March 31, 2013 Profit after tax $38,132,704 $19,249,038 $16,777,338 $8,506,988 Profit attributable to Shareholders of the company (A) $29,956,327 $15,056,309 $13,371,145 $6
Slide 20: Amira: a family owned business since 1915
19 r! AMIRA • AMI AMIRA SUPERIOR AROMATIC 1 kg a family owned business since 1915, now a professionally managed and NY5E Listed Company . We are dedicated to our farmers prospenty, as a result every contributor to this bag is proud to be an AMIRA partner. AMIRA, is the quintessential Princess. She r