Prataap Snacks Ltd. · NSE:DIAMONDYD

Prataap Snacks — Q3 FY2020 Earnings Presentation

32 slides from Prataap Snacks's earnings presentation, February 2020

  1. Slide 1: Q3 & 9M FY20 - Results Presentation

    Q3 & 9M FY20 - Results Presentation February 2020

  2. 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

  3. Slide 3: Contents

    Contents Company Overview 4 Industry Overview 17 Q3 & 9M FY’20 Results Performance 21 3

  4. Slide 4: Company Overview

    Company Overview 4

  5. Slide 5: Prataap Snacks at a Glance

    Prataap Snacks at a Glance Over More than SKUs Manufacturing packets sold 5 year revenue Facilities* per day CAGR Over Reach of over Retail In Rings Super Stockists Distributors Touchpoints 5 *(5 Inhouse plants and 9 contract manufacturing units)

  6. Slide 6: Diverse Product Portfolio

    Diverse Product Portfolio CUP CAKE, RINGS, KURVES & NAMKEEN & POTATO CHIPS CHULBULE NAMKEEN PELLET SNACKS TIFFIN CAKE & PUFF FRYUMS SANDWICH CAKE  Potato based  Rice grit &  Corn grit  Gram based  Wheat based  Cake  Namkeen snack Corn grit based snack  SKUs: 22  SKUs: 4 variations and Fryum

  7. Slide 7: Avadh Snacks

    Avadh Snacks Product Portfolio Fastest growing and fourth Namkeen Fryums largest snacks player in Gujarat ~6% market share in Gujarat, one of the largest market 25.1% revenue CAGR over the past 3 years Key Products: Bhavnagri Gathiya, Sada Key Products: Tomato Cup, Salted reffil, Mamra, Papdi Gathiy

  8. Slide 8: Avadh Snacks - Unique Business model & Expansion plans

    Avadh Snacks - Unique Business model & Expansion plans Business Model Expansion plans Avadh has a Unique Business model •Super Value Player offering higher value for Money to consumers. Increasing capacity of Rajkot facility by 50% Pan India Direct Distribution model expansion To expand Avadh’s usin

  9. Slide 9: Sweet Snacks Portfolio

    Sweet Snacks Portfolio Center Filled Choco Vanilla Sandwich Cookie-Cake Yum Cake Tiffin Cake Cup Cake Cake Cake SKU's - 3 SKU's - 2 SKU's - 1 SKU's - 1 SKU's - 1 SKU's - 3 Target Target Target Target Target Target group - group - group - group - group - group - Youth and Youth and Youth

  10. Slide 10: Track Record of Innovation

    Track Record of Innovation Launched Nachos, and Launched Launched Kurves Cup Cake, Yum Cake, Introduction Launched Tiffin Cake Cookie of Seven Yum-Pie, a and Cake and variety of Sandwich Wonders Choco sweet snacks, Cake range of Vanilla Introduction under Rich Cake healthier Feast of Yoodles Introdu

  11. Slide 11: Key Milestones

    Key Milestones Entered into 3P Contract Manufacturing Sequoia’s initial Doubled the Guwahati new plant in Karjat & investment of Rs. Installed capacity of Potato commissioned Kashipur Prakash Snacks 620 mn Chulbule Chips plant at incorporated. Prataap Snacks Introduction of plant at Indore from Conv

  12. Slide 12: Pan India Presence

    Pan India Presence Strategically located Manufacturing facilities to cater the regional demand No. of Facilities Products 1 Hissar 1 – Contract Facility Extruded Snacks, Pellets, Chulbule No. of Facilities Products Kashipur 1 - Contract Facility Chips, Namkeen, Pellet 10 1 5 Indore No. of Facilities

  13. Slide 13: Guided by an Accomplished Board

    Guided by an Accomplished Board Arvind Mehta Chairman & Executive Director Over 30 years of experience in real estate business along with over 16 years in the snacks Vineet Kumar Kapila food industry and in the financing business Independent Director Ex-COO (RPC North of United Spirits) & earlier Mr

  14. Slide 14: Helmed by a Professional Management Team

    Helmed by a Professional Management Team Mr. Arvind Mehta Over 30 years of experience in real estate business along with over 16 years in the Chairman & Executive snacks food industry and in the financing business Director Corporate functions Mr. Amit Kumat Managing Director and Chief Over 23 years

  15. Slide 15: Helmed by a Professional Management Team

    Helmed by a Professional Management Team He holds bachelor degree in Science (Economics). He has over 27 years of Mr. Subhashis Basu experience in the FMCG industry and worked with Parle, PepsiCo India and Mother Chief Operating Officer Dairy Corporate functions Mr. Subhash Bhatt He holds bachelor d

  16. Slide 16: Helmed by a Professional Management Team

    Helmed by a Professional Management Team Mr. Awadh B. Singh He holds bachelor degree in Science. He has over 31 years of experience in the General Manager Sales - FMCG industry and worked with Prakash Snacks and Hello Agro East Corporate functions Mr. Mahesh Purohit He holds bachelor degree in Comme

  17. Slide 17: Industry Overview

    Industry Overview 17

  18. Slide 18: Favourable demographics supporting Industry growth

    Favourable demographics supporting Industry growth POPULATION TREND (BILLIONS) INDIA’S ANNUAL CONSUMER 1.397 1.411 EXPENDITURE (RS. TRILLION) 1.352 1.366 1.380 101 110 1.324 1.338 80 84 90 1.293 1.310 71 75 1.263 1.278 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2012 2013 2014 2015 2016 2

  19. Slide 19: Salty Snacks – poised for strong growth

    Salty Snacks – poised for strong growth ORGANISED MARKET TO GROW AT A CAGR OF 14.3% OVER 5 YEARS 43,000 ORGANISED SNACK MARKET BY TYPE 22,000 OF CATEGORIES 8,700 Others 2% 2010 2016 2021 Namkeen & Source: Systematix Research Report March 2019 Chips Traditional 30% 36% EXTRUDED SNACKS TO POST THE HIG

  20. Slide 20: Sweet Snacks Industry – Size, Growth, Key Players

    Sweet Snacks Industry – Size, Growth, Key Players Organized Sweet Snacks (Cakes & pies): West is Rs.2,200-2,500 crore growing fast 20% now N Limited Highly under vegetarian penetrated options in category Cake 15% W Market E 50% Very few S Growing at national fast pace players 15% 20

  21. Slide 21: Q3 & 9M FY’20 Results Performance

    Q3 & 9M FY’20 Results Performance 21

  22. Slide 22: Operational Overview

    Operational Overview  In Q3 FY’20, PSL delivered a topline growth of 17% across entire portfolio of savoury and sweet snacks, amidst slowdown in overall consumption market  Faced challenges on the margin front, owing to the sharp, unusual rise in Palm oil prices, which is a key input for our savou

  23. Slide 23: Financial Overview

    Financial Overview In Q3 FY’20, PSL reported:  Revenue of Rs. 3606.3 million, delivered strong double digit growth of 17.0% YoY  Operating EBITDA of Rs. 216.1 million, translating to a margin of 6.0%  Normalised EBITDA (after adjustment for stock based compensation) of Rs. 226.7 million, translat

  24. Slide 24: Financial Overview

    Financial Overview In 9M FY’20, PSL reported:  Total revenue of Rs. 10,796.2 million, higher by 24.9% YoY  Operating EBITDA of Rs. 799.7 million, translating to a margin of 7.4%  Normalised EBITDA (after adjustment for share based compensation) of Rs. 816.3 million, translating to a margin of 7.6

  25. Slide 25: MD & CEO’s Message

    MD & CEO’s Message Commenting on Q3 FY’20 performance, Mr. Amit Kumat - Managing Director & CEO, Prataap Snacks Limited said: “I am pleased to report that we have witnessed very strong revenue growth across our entire portfolio of savoury and sweet snacks, amidst the consumption slow down. However,

  26. Slide 26: Abridged P&L Statement

    Abridged P&L Statement Y-o-Y Y-o-Y Particulars Q3 FY’20 Q3 FY’19 9M FY’20 9M FY’19 Change (%) Change (%) Income from Operations 3,606.3 3082.5 17.0% 10,796.2 8,640.8 24.9% Raw Material Cost 2,588.9 2194.8 18.0% 7,640.9 6,027.4 26.8% Gross Profit 1,017.3 887.7 14.6% 3,155.3 2,513.4 25.5% Gross Margin

  27. Slide 27: Financials – Q3 & 9M FY’20 Performance

    Financials – Q3 & 9M FY’20 Performance SALES / INCOME FROM Gross Margin (%) OPERATIONS 10,796.2 30.2% 8,640.8 29.2% 28.8% 28.2% 3,606.3 3,082.5 Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 ▪ Income from operations in Q3 FY’20 grew by 17.0% yoy to Rs. 3,606.3 mn & in 9M FY’20 it wa

  28. Slide 28: Financials – Q3 & 9M FY’20 Performance

    Financials – Q3 & 9M FY’20 Performance EBITDA Margin (%) PAT Margin (%) 7.2% 7.4% 7.1% 3.4% 6.0% 2.6% 2.5% 1.5% 220.7 216.1 609.3 799.7 80.7 55.2 297.2 271.6 Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 ▪ EBITDA for Q3 FY’20 was lower by 2.1% yoy at Rs. 216.1 mn , whereas the EBIT

  29. Slide 29: Financials – Q3 & 9M FY’20 Performance

    Financials – Q3 & 9M FY’20 Performance Cash Profits Cash EPS 735.2 31.3 582.0 24.8 210.4 207.9 9.0 8.9 Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 ▪ The Company follows a conservative accounting policy and is amortizing intangible assets of Avadh Snacks ▪ A lateral benefit has be

  30. Slide 30: Impact on PAT from non-operational adjustments

    Impact on PAT from non-operational adjustments 318.1 7.0% ESAR Expenses Avadh Acquisition – Amortization of Goodwill Reported PAT Adjusted PAT 30 CONSOLIDATED FINANCIALS, IN RS. MILLION

  31. Slide 31: 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, Namkeen (traditional Indian Sumit Sharma snacks) under the popular and vibrant Yellow Diamond brand. It has recentl

  32. Slide 32: Thank You

    Thank You 32

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