Apex Frozen Foods Ltd. · NSE:APEX
Apex Frozen Foods — Q4 FY2021 Earnings Presentation
21 slides from Apex Frozen Foods's earnings presentation, Jul 1, 2021
Slide 1: Apex Frozen Foods Result Presentation Q4 / FY21
Apex Frozen Foods Result Presentation Q4 / FY21
Slide 2: Safe Harbour
2 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Apex Frozen Foods Ltd (the “Company”) solely for 2 information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall n
Slide 3: Key Business Updates – Q4 / FY21
Key Business Updates – Q4 / FY21
Slide 4: Key Business Updates – Q4/FY21
4 Key Business Updates – Q4/FY21 4 The Board has recommended a dividend of 20% of face value (Rs 10/share), that is, Rs 2/share Operational Updates Financial Updates • Key impact of Covid-19 was a Global Disruption in sea • The average realization improved in FY21, due to transport Reduced Contain
Slide 5: Key Operational Highlights
5 Key Operational Highlights Geographical Sales Mix 01 Total Shrimp Sales (MT) 02 5 China 0.8% 2,656 Q4 FY21 Europe 2,046 2,178 13.4% USA 85.8% Q4 FY20 Q3 FY21 Q4 FY21 Geographical Sales Mix 04 Total Shrimp Sales (MT) 03 China 4.1% 12,243 11,701 Europe, FY21 14.3% USA, 81.6% FY20 FY21
Slide 6: Income Statement Highlights
6 Income Statement Highlights Standalone (Rs Mn) Q4 FY21 Q4 FY20 Y-o-Y % Q3 FY21 Q-o-Q % FY21 FY20 Y-o-Y % 6 Net revenue 1,819 1,407 1,561 8,185 8,271 Other income 22 53 11 75 190 Total Income 1,841 1,460 26.2 1,572 17.2 8,260 8,461 -2.4 Raw material costs 1,211 911 1,097 5,531 5,735 Employee expens
Slide 7: Balance Sheet Highlights
7 Balance Sheet Highlights Liabilities (Rs Mn) Mar-20 Mar-21 Assets (Rs Mn) Mar-20 Mar-21 7 Shareholder’s Funds 3,959 4,398 Non-current assets 2,913 2,708 Share capital 313 313 Net block 2,802 2,504 Reserves & surplus 3,646 4,086 Capital work-in-progress 28 154 Non-current liabilities 243 281 Other
Slide 8: Company At a Glance
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Slide 9: One of the Leading Exporters of Processed Shrimp in India
9 One of the Leading Exporters of Processed Shrimp in India Key Export Markets – FY21 ▪ 9 Commenced business operations in 1995, Apex Frozen Foods has grown to become one of the leading shrimp processors in India European Union 14% ▪ Diversified customer base of Food Companies, Retail Chains, Restau
Slide 10: Hatchery | Stepping-stone for Ensuring Quality Produce
10 Hatchery | Stepping-stone for Ensuring Quality Produce Processing 10 Hatchery Farming & Exports Process: Production of Specific Pathogen Free (SPF) shrimp seed | Typical cycle of 40 – 50 days Phase – II (Ongole) Construction completed Awaiting audits Location: North of Vizag Location: Srikakulam
Slide 11: Farming | Critical Cushion for Consistent Supply
11 Farming | Critical Cushion for Consistent Supply Processing 11 Hatchery Farming & Exports Process: Cultivation of shrimp, which are reared in ponds in a bio-secured environment | Typical cycle of 90 - 120 days In-line with its strategic realignment, the Company has discontinued its leased farms a
Slide 12: Processing | Doubling of Capacity and Expanding the Product Line
12 Processing | Doubling of Capacity and Expanding the Product Line… Processing 12 Hatchery Farming & Exports Process: Washing, Weighing, Beheading, Grading, Peeling, De-veining, Cooking and Freezing Owned Leased Kakinada Plant: Capacity: 9,240 MTPA Cold Storage: 1,000 MT 29240 29240 6000 6000 3000
Slide 13: Moving up the Value Chain with Ready-to-Eat Product Offerings
13 …Moving up the Value Chain with ‘Ready-to-Eat’ Product Offerings 13 Ready to Eat Cooked Peeled & De-veined Tail-on Cooked in Shell Specialty Product Shrimp Rings Butterfly Shrimp Dusted and Breaded Peeled Product Skewered Shrimp Par-fried Shrimp Peeled, Deveined, Tail-on Seasoned Shrimp Peeled Un
Slide 14: Key Factors to Consider for the Sector
14 Key Factors to Consider for the Sector 14 Demand Slowdown Disease Related Volatile Pricing Being an export-oriented sector, Highly susceptible to outbreak of Global imbalances in demand- any slowdown in consumption in diseases, which can have a supply can impact pricing. key markets like the USA,
Slide 15: Annexures
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Slide 16: Operational Highlights – Yearly Trend
16 Operational Highlights – Yearly Trend Processing Capacity (MTPA) 01 Volumes Sold (MT) 02 Leased 16 Owned 14,146 13,051 12,243 11,702 9,897 29,240 29,240 6,000 6,000 3,000 9,240 9,240 9,240 FY17 FY18 FY19 FY20* FY21 FY17 FY18 FY19 FY20 FY21 Working Capital (Days) 04 Total Debt to Equity (times) 03
Slide 17: Income Statement – Yearly Trend
17 Income Statement – Yearly Trend Profit & Loss (Rs Mn) FY17 FY18 FY19 FY20 FY21 17 Net revenue 6,987 9,986 8,747 8,271 8,185 Other income 106 199 215 190 75 Total income 7,093 10,185 8,962 8,461 8,260 Raw material costs 5,317 7,031 5,810 5,735 5,531 Employee expenses 249 389 482 437 398 Other expe
Slide 18: Balance Sheet – Yearly Trend
18 Balance Sheet – Yearly Trend Liabilities (Rs Mn) Mar-19 Mar-20 Mar-21 Assets (Rs Mn) Mar-19 Mar-20 Mar-21 18 Shareholder’s Funds 3,551 3,959 4,398 Non-current assets 2,456 2,913 2,708 Share capital 313 313 313 Net block 1,147 2,802 2,504 Reserves & surplus 3,238 3,646 4,086 Capital work-in-progre
Slide 19: India's Seafood Exports Driven by Surging Shrimp Exports
19 India’s Seafood Exports Driven by Surging Shrimp Exports India Exports in 000’s MTPA Frozen Shrimp Other Seafood Total Seafood 19 Shrimp CAGR of 14% vs Total Seafood CAGR of 6% 1,377 1,393 1,290 1,135 1,149 1,051 984 946 928 862 813 678 603 566 614 652 590 358 374 434 229 301 126 131 151 189 FY09
Slide 20: Share Capital Information
20 Share Capital Information 400 1-yr Share Price Movement (Rs/share) 350 20 300 250 200 150 100 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Other data (as on 28-Jun-21) Shareholding Pattern (as on Mar-21) NSE / BSE code APEX / 540692 CMP (Rs/share) 272
Slide 21: Apex Frozen Foods Investor Relations
Apex Frozen Foods CIN: L15490AP2012PLC080067 Mr Subhramanya Chowdary, ED ir@apexfrozenfoods.com Investor Relations Pooja Sharma / Sheetal Keswani pooja.sharma@stellar-ir.com sheetal@stellar-ir.com