Mrs. Bector's Food Specialities Ltd. · NSE:BECTORFOOD
Mrs. Bector's Food Specialities — Investor Presentation (February 2021)
34 slides from Mrs. Bector's Food Specialities's investor presentation, Feb 7, 2021
Slide 1: Investor Presentation February 2021
INVESTOR PRESENTATION February 2021
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Mrs. Bectors Food Specialities Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or i
Slide 3: Our founder Mrs. Rajni Bector conferred with Padma Shri
Our founder Mrs. Rajni Bector conferred with Padma Shri Mrs. Rajni Bector conferred with Padma Shri for her contribution to trade and industry I feel blessed and express my gratitude to the central government for recognising my services. I am feeling honoured and want to thank my family, children, a
Slide 4: Mrs. Bector's at glance
Mrs. Bector’s at glance Biscuit - Digestives + Crackers + Cookies + Cream + Marie Domestic Pursuant to Brand separation 1 agreement, “Mrs. Bector’s Cremica” Brand is exclusive to Mrs. Bectors Food Specialities Limited Biscuit - for Biscuits Exports 2 + Private Label Branded breads & Developed the br
Slide 5: Our business segments
Our business segments Biscuits Breads & Bakery Domestic Exports Breads & Bakery products Institutional Bakery Revenue Share* 42% 24% 21% 8% Market Share^ 4.5% of the premium and ~12% share of the total exports 5% market share in the Branded 11% market share in semi processed mid-premium biscuits mar
Slide 6: Distinguished brand created over the years
Distinguished brand created over the years Significant investments made over the last few years to establish and enhance capacities and premiumization of product portfolio • Brand Separation MOU - “Mrs. Bector’s Cremica” brand for Biscuit's business & “English Oven” for bakery business are • Green f
Slide 7: Automated state of art manufacturing units
Automated state of art manufacturing units Equipped with advanced modern technology and Stringent Quality Controls automated systems Invested Rs. 258 crores between FY18 to Sep 2020 to build capacities with superior capabilities Specifically, sourced best in class equipment from Denmark, Germany, US
Slide 8: Strategically located for efficient distribution
Strategically located for efficient distribution Phillaur, Punjab Greater Noida, UP Greater Noida, UP ▪ Biscuits – 26,400MT ▪ Bread and bakery – 66 (Mn packs) Expansion ▪ Contract Manufacturing - 26,400MT ▪ 1 Bakery Line ▪ Buns – 170 (Mn packs) ▪ 1 Bread Line ▪ Frozen products – 12 (Mn packs) Tahliw
Slide 9: Biscuit Division
BISCUIT DIVISION
Slide 10: One of the Leading Biscuit Brands in North India
One of the Leading Biscuit Brands in North India… ‘Mrs. Bector’s Cremica’ is one of the leading biscuit brands in the premium and mid-premium segment in North India Danish Cookies Creams Crackers Digestives Cookies Company has a strong presence in North India which it intends Launched new products s
Slide 11: … with a PAN India Distribution Network
… with a PAN India Distribution Network… Sales Automation tool to track distribution on real time Strong Multi Channel ▪ Enables company to track the real time coverage, sales Distribution Network* efficiencies & effectiveness, and working discipline of its distribution network ▪ Helped increase pro
Slide 12: Export business – Long runway for growth
Export business – Long runway for growth Rs. 168 crore 64 25%+ 32% Strong International Portfolio Revenues from Export Exporting Countries Share in the Indian Growth in export segment [FY20] biscuit exports to post realignment of export Canada [CY2019]* strategy Realignment of Exports Strategy – In
Slide 13: Immense Industry Potential in the Biscuit Market
Immense Industry Potential in the Biscuit Market Growth in Biscuit Market (Rs. Bn.) Low per capita spending on biscuits Per Capita Consumption (Kg/Year) Branded Biscuits Others Per capita consumption of biscuits in India has significantly increased in the last 5 years +9% 620 13.6 However, it is far
Slide 14: Bread & Bakery Division
BREAD & BAKERY DIVISION
Slide 15: Fastest growing premium Bakery brand in India
Fastest growing premium Bakery brand in India Branded Breads business has grown at White Bread Brown Bread Speciality Breads Indian Breads CAGR of 36% in the last 2 Financial Years Manufactures and sells various types of premium bakery products in savory and sweets categories for retail customers We
Slide 16: Customer centric distribution network
Customer centric distribution network Sales of products sold under the brand name ‘English Oven’ grew faster than industry between FY15 to FY20 Widespread Distribution One of the few bakery companies in India that can handle fresh, chilled and frozen products which enables the Company to distribute
Slide 17: Preferred Supplier to Largest QSR Franchises in India
Preferred Supplier to Largest QSR Franchises in India Company is a leading player in the institutional bakery segment Strong relationship with leading QSRs, multiplex chains, and cloud kitchens Long standing Key Success Factors: Chain / Company Relationship relationships Over 25 years Leading Burger
Slide 18: Growth Potential in Bread & Bakery Business
Growth Potential in Bread & Bakery Business Indian Breads & Buns Market Indian Bread Market size was Rs. 50 bn in FY20 of Chain QSR Market (Rs. Bn.) (Rs. Bn.) which premium category currently has a share of ~16% and is projected to grow at a rate of 15% for the next 5 years +23% +9% 524 76 +9% • QSR
Slide 19: On ground brand building initiatives
On ground brand building initiatives Print Media Outdoors On-Shop Branding Digital Marketing YouTube / Facebook / Instagram E-Commerce In-Shop Branding & Merchandise Mrs. Bectors Food Specialities Limited 19
Slide 20: Well positioned to capture growth
Well positioned to capture growth Right • Competitively well positioned across 4 segments – Domestic Biscuits, Biscuits Exports, Branded Breads and Business Mix Bakery & Institutional Bakery Focus on • Significant increase in the price realization of Company’s products across all business segments;
Slide 21: Delivering value to stakeholders with IPO
Delivering value to stakeholders with IPO December 2020 ▪ Listing of Mrs. Bectors Food Specialities Limited ▪ Listing done on BSE & NSE ▪ IPO Price : Rs. 288 per share ▪ Listing Price: Rs. 501 per share ▪ Objects of the Issue: ▪ Proceeds of Rs. 40.5 crores to finance the cost of Rajpura Expansion Pr
Slide 22: Q3 & 9M FY21 Financials
ONE STOP DESTINATION FOR a . ER: : : CREMICA Ss") wich tasté an crtanchiness Ov ES CREMICA Q3 & 9M FY21 Financials
Slide 23: Strong Q3 FY21 Performance
Strong Q3 FY21 Performance Revenue from Operations EBITDA Revenue Breakup Rs. 226 crores Rs. 40 crores 5.4% Margins 11.0% +11% +40% 17.6% growth growth 38.9% +360 bps 20.6% Profit Before Tax (PBT) Profit After Tax (PAT) 24.0% Rs. 28 crores Rs. 21 crores Margins Biscuits - Domestic +85% +86% 9.2% Bis
Slide 24: Strong 9M FY21 Performance
Strong 9M FY21 Performance Revenue from Operations EBITDA Revenue Breakup Rs. 657 crores Rs. 112 crores 5.5% 7.6% Margins +16% +66% 17.0% growth growth 42.1% +510 bps 20.6% Profit Before Tax (PBT) Profit After Tax (PAT) 24.3% Rs. 80 crores Rs. 60 crores Margins Biscuits - Domestic +196% +180% 9.1% B
Slide 25: Segment wise revenue breakup
Segment wise revenue breakup Biscuit Segment Breads and Bakery Segment +27% +46% 276 135 Retail Bakery Domestic 218 92 +17% +38% 88 47 75 34 Q3 FY20 Q3 FY21 9M FY20 9M FY21 Q3 FY20 Q3 FY21 9M FY20 9M FY21 +32% -51% 160 102 Inst. Bakery Exports 121 +21% -32% 50 54 37 45 25 Q3 FY20 Q3 FY21 9M FY20 9M
Slide 26: Profit & Loss Statement – Q3 & 9M FY21
Profit & Loss Statement – Q3 & 9M FY21 Profit & Loss Statement (Rs. Crs.) Q3 FY21 Q3 FY20 Y-o-Y 9M FY21 9M FY20 Y-o-Y Revenue from Operations 225.8 203.2 11% 656.7 567.8 16% Cost of Materials Consumed 121.2 112.0 350.1 311.6 Purchase of stock-in-trade 0.0 0.1 0.0 0.4 Changes in Inventories of Finish
Slide 27: Historical Financials
ONE STOP DESTINATION FOR a . ER: : : CREMICA Ss") wich tasté an crtanchiness Ov ES CREMICA Historical Financials
Slide 28: Historical Financials
Historical Financials Revenues (Rs. Crs.) EBITDA (Rs. Crs.) PAT (Rs. Crs.) 784 762 112 60 691 657 96 93 85 36 33 30 FY 2018 FY 2019 FY 2020 9M FY21 FY 2018 FY 2019 FY 2020 9M FY21 FY 2018 FY 2019 FY 2020 9M FY21 Gross Profit Margins EBITDA Margins PAT Margins 48.3% 17.0% 9.1% 12.4% 12.3% 12.2% 46.5%
Slide 29: Segment wise revenue breakup
Segment wise revenue breakup Biscuit Segment Breads and Bakery Segment 284 276 130 135 270 Retail Bakery 246 Domestic 99 78 FY 2018 FY 2019 FY 2020 9M FY21 FY 2018 FY 2019 FY 2020 9M FY21 247 128 229 114 Inst. Bakery Exports 168 92 160 50 FY 2018 FY 2019 FY 2020 9M FY21 FY 2018 FY 2019 FY 2020 9M FY
Slide 30: Balance Sheet strength
Balance Sheet strength Net Debt to Equity 0.5 0.5 0.3 Working Capital (in Days) 0.2 Working 33 35 33 25 Capital (in Days) Mar-18 Mar-19 Mar-20 Sep-20 50 47 Cash Flow from Operations (Rs. Crs.) 42 39 42 44 37 37 36 33 31 30 109 68 54 46 Mar-18 Mar-19 Mar-20 Sep-20 Inventory Debtors Creditors FY 2018
Slide 31: Historical Profit & Loss Statement
Historical Profit & Loss Statement Profit & Loss Statement (Rs. Crs.) 9M FY21 Mar-20 Mar-19 Mar-18 Revenue from Operations 656.7 762.1 783.7 690.6 Cost of Materials Consumed 350.1 411.3 406.8 377.9 Purchase of stock-in-trade 0.0 0.4 13.4 12.0 Changes in Inventories of Finished Goods and Work in Prog
Slide 32: Historical Balance Sheet
Historical Balance Sheet EQUITY AND LIABILITIES (Rs. Crs.) 30-Sept-20 31-Mar-20 31-Mar-19 31-Mar-18 Equity Equity share capital 57.3 57.3 57.3 57.3 Other equity 300.5 262.0 237.5 209.3 Total equity 357.8 319.3 294.8 266.6 Non-current liabilities Financial liabilities (i) Borrowings 101.2 85.7 107.2
Slide 33: Historical Balance Sheet
Historical Balance Sheet ASSETS 30-Sept-20 31-Mar-20 31-Mar-19 31-Mar-18 Non-current assets Property, plant and equipment 327.0 337.6 344.3 240.6 Capital work-in-progress 28.9 6.7 15.6 92.1 Right-of-use assets 14.5 15.1 16.8 18.4 Goodwill 0.4 0.4 0.4 0.4 Other intangible assets 0.3 0.6 1.2 1.8 Equit
Slide 34: Thank You
THANK YOU Company: CIN: U74899PB1995PLC033417 Mr. Deepak Jain Head Finance & Corporate Strategy deepak.jain@cremica.in Investor Relations Advisors : Mr. Deven Dhruva Ms. Neha Shroff +91 9833373300 +91 7738073466 deven.dhruva@linkintime.co.in neha.shroff@linkintime.co.in
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