Adf Foods Limited · NSE:ADFFOODS
Adf Foods — Q4 FY2022 Earnings Presentation
37 slides from Adf Foods's earnings presentation, May 20, 2022
Slide 1: Investor Presentation filing cover letter
FOODS LT D. r, di wm 'J,. May 20, 2022 DCS-CRD DCS-CRD BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code: 519183 Symbol: ADFFOODS Sub: Investor Presentation Enclose ple
Slide 2: Investor Presentation – May 2022
TD. Jt,1 . ,A c odd . Investor Presentation – May 2022
Slide 3: Safe Harbor
SAFE HARBOR FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF FOODS LTD (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase
Slide 4: Business Overview
BUSINESS OVERVIEW
Slide 5: About ADF Foods
ABOUT ADF FOODS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. ABOUT US ADF Foods (ADF) is a leading manufacturer of prepared ethnic food, offering frozen foods, ready-to-eat (RTE) items, ready-to-cook (RTC) items, chutneys, sauces, pickles, spices, pastes, dips and milk drinks under its 8 Flagship brands
Slide 6: Business Snapshot
BUSINESS SNAPSHOT /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. I 8 3 BRANDS MANUFACTURING FACILITIES I 55+ 2 COUNTRIES WAREHOUSES 180+ ~28,000 MTPA DISTRIBUTORS CAPACITY 5
Slide 7: Business Divisions
BUSINESS DIVISIONS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Revenue (₹ Cr ) PROCESSED FOODS BUSINESS +15.1% Large range of products suited for 335 different palates 293 253 20% One of the top brands in ethnic food shelves in key markets One of the largest Indian exporters of processed snacks /J. FOO
Slide 8: Product Portfolio
PRODUCT PORTFOLIO /J. FOODS LTD. ']..,,1;,,9 ti, ,oo ,ld.. Select key products ▪ Snacks- Punjabi samosas, batata vada, kathi rolls Frozen Products 11111111111111 ▪ Vegetables- Green chilli, Mix vegetable cut, methi, palak I ▪ Breads- Tandoors, parathas I I Ready-to-eat & ▪ Ready to eat Normal- Pav B
Slide 9: Customer Centric Approach
CUSTOMER CENTRIC APPROACH
Slide 10: Strengthening the Reach to the Consumers
STRENGTHENING THE REACH TO THE CONSUMERS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. In addition to expanding our production capacities, ADF is also expanding its reach in key markets through direct distribution 'I Cust 0 ) ~:@~~- QQ '>i ) MANUFACTURING 2 MARKETING & ADVERTISING 2 WAREHOUSING 2 DISTRIB
Slide 11: A Bouquet of Global Brands
A BOUQUET OF GLOBAL BRANDS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Tt-lE ORIGINAL INDIAN TASTE Positioning 11111111111111 1 Flagship Brand targeted at Indian diaspora worldwide 11111111111111 1 Primarily targeted at Non-Indian diaspora consumers Frozen Snacks, frozen breads, frozen vegetables, RTE,
Slide 12: A Bouquet of Global Brands
A BOUQUET OF GLOBAL BRANDS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Frozen Organic Mexican Food Positioning 11111111111111 1 Primarily targeting urban Indian customers 11111111111111 1 Organic, made with USDA certified organic ingredients Products 11111111111111 1 Meal accompaniments, pastes, sauces
Slide 13: Manufacturing Facilities
MANUFACTURING FACILITIES FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. • Total Built up factory area - 15,000 Sqm • Nadiad, Frozen foods (Samosas, vegetables, Gujarat snacks, parathas, etc.) • Meal accompaniments (Pickles, chutneys, pastes, sauces) • Ready to eat curries & canned vegetables Manufacturing exp
Slide 14: Certifications & Accreditations
CERTIFICATIONS & ACCREDITATIONS /J. FOODS LTD. 'J..,,l;,,9 1I, ,oo dd .. ISO 9002 certification BRC accreditation Awarded prestigious ISO 9002 certification APEDA (Ministry of Commerce and Industries) by BVQI of U. K. for export promotion. I . ' Award for exceptional performance in Exports J Bureau
Slide 15: Awards & Recognitions
AWARDS & RECOGNITIONS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. BUILDING A LONG-LASTING LEGACY ~ EXPORTER OFTHE FOODS LTD. Jttdi119 1/r woild.. YEAR Great Taste Award Best FMCG Company SOFI Awards 2017 Best Overall Exceptional (SME Sector) exported of the year Performance in Exports In 2017-18, the C
Slide 16: Warehousing and Distribution Facilities
Warehousing and Distribution Facilities Atlanta, USA New Jersey, USA Atlanta, USA New Jersey: 66,000 sq.ft. Atlanta: 34,000 sq.ft. New Jersey, USA
Slide 17: Advertising & Marketing
ADVERTISING & MARKETING /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. ADVERTISEMENT & MARKETING EXP % REVENUE 11.5 8.8 8.4 8.8 8.1 8.4 7.3 5.7 4.5 5.8 5.0 5.8 Cabinet 4.0 approves PLISFPI FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 The Ministry of Food Processing Industries welcome t
Slide 18: Advertising & Marketing
ADVERTISING & MARKETING /J. FOODS L TD. ']..,,1;,,9 1I, ,oo dd .. SOCIAL MEDIA MARKETING - 11 0 adfashokaofficial I~ I HOl(,i Hi, I am a Canadian immigrant since 3 years and purchase packaged Indian food of multiple brands every month. I purchased Ashoka naan last month. It was very fluffy, spongy,
Slide 19: Global Distribution Network
GLOBAL DISTRIBUTION NETWORK /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. _J 55+ COUNTRIES 0 CANADA EUROPE 0 _J 180+ 0 --------- NORTH AMERICA -------- MIDDLE EAST ASIA DISTRIBUTORS HO Mumbai _J 2 WAREHOUSES 0 0 AUSTRALIA SOUTH AFRICA _J 9 COUNTRY MANAGERS 18
Slide 20: Strengthening Distribution
STRENGTHENING DISTRIBUTION Unilever Canada Patanjali Ayurveda - U~m"' Patanjali Ayurveda is a rapidly growing Indian Unilever is a Fortune 500 FMCG company selling products Positioning like tea, coffee, beverages, etc. across the globe. multinational consumer goods company based in Uttarakhand, Indi
Slide 21: Strategy & Outlook
STRATEGY & OUTLOOK
Slide 22: Value Proposition with Growth Drivers
VALUE PROPOSITION WITH GROWTH DRIVERS FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Processed Foods Distribution Growth Strategies Investments ◆ QSR / Cloud Kitchen ◆ Expansion FY22 Revenue ₹ 335.3 Cr FY22 Revenue ₹ 85.9 Cr ― Manufacturing capacities ◆ India Business ― Distribution network FY22 ROCE 33.8%* F
Slide 23: At an Inflection Point
AT AN INFLECTION POINT Strong Brand “ At ADF we believe in maintaining high quality Recall standards, introducing new and innovative products while remaining customer centric “ 01 Capacity Inorganic 02 Enhancement Acquisitions 06 & Modernization Expand existing Institutional 05 distribution business
Slide 24: Financial Performance
FINANCIAL Fl A CAL PERFORMANCE PERFORMA CE
Slide 25: Strong & Sustainable Financial Performance
STRONG & SUSTAINABLE FINANCIAL PERFORMANCE /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. REVENUE (₹ Cr ) EBITDA (₹ Cr ) & MARGIN (%) PAT (₹ Cr ) & MARGIN (%) 10.7% ~ II 16.7% II 18.6% II 18.5% I~I_ DI 15.8% 9.1% 10.9% II 15.0% II 13.5% 1~1- 11.5% 421.2 68.3 66.5 50.1 +32.5% +27.8% 48.5 +20.3% 369.8 42.8
Slide 26: Q4 & FY22 Consolidated Result Highlights
Q4 & FY22 CONSOLIDATED RESULT HIGHLIGHTS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. REVENUE (₹ Cr ) EBITDA (₹ Cr ) & MARGIN PAT (₹ Cr ) & MARGIN Quarter performance +5.0% -25.4% -24.5% 103.0 108.2 20.6 14.9 15.4 11.3 20.0% 14.2% 14.5% 10.4% Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Annual performance
Slide 27: Q4 FY22 Consolidated Profit & Loss
Q4 FY22 CONSOLIDATED PROFIT & LOSS FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Particulate (₹ Cr) Q4FY22 Q4FY21 Y-o-Y Q3FY22 Q-o-Q FY22 FY21 Y-o-Y Revenue from Operations 108.2 103.0 5.0% 117.1 -7.6% 421.2 369.8 13.9% Cost of Materials consumed 30.5 30.2 26.9 120.2 107.3 Purchase of stock-in-trade 17.7 37.
Slide 28: Consolidated Profit & Loss
CONSOLIDATED PROFIT & LOSS Particulate (₹ Cr) FY22 FY21 FY20 FY19 FY18 Revenue from Operations 421.2 369.8 285.2 231.4 201.0 Cost of Materials consumed 120.2 107.3 81.8 89.3 78.2 Purchase of stock-in-trade 88.8 124.9 86.4 42.0 34.1 Changes in Inventories 0.7 -17.1 -19.2 -11.1 1.5 Gross Profit 211.5
Slide 29: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Equity & Liabilities (₹ Cr) Mar’22 Mar’21 Assets (₹ Cr) Mar’22 Mar’21 Equity . Non-Current Assets ......................................................................................................................................
Slide 30: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Cash Flow Statement (₹ Cr) Mar’22 Mar’21 . Cash Flow from Operating Activities . . . Profit before Tax 65.1 66.7 Adjustment for Non-Operating Items 6.5 4.4 Operating Profit before Working Capital Changes 71.6 71.2 Changes in W
Slide 31: Segment Wise Results Break Up
SEGMENT WISE RESULTS BREAK UP FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. REVENUE (₹ Cr ) Particulate (₹ Cr) Q4FY22 Q4FY21 Y-o-Y Q3FY22 Q-o-Q FY22 FY21 Y-o-Y +13.9% Revenue 421.2 Processed & Preserved Foods 87.4 84.2 3.9% 91.3 -4.3% 335.3 293.2 14.4% 369.8 Agency Distribution 20.7 18.8 10.1% 25.8 -19.6% 85
Slide 32: Governance Focused
GOVERNANCE GOVER A CE FOCUSED FOCUSED
Slide 33: Consistent Shareholder Returns
CONSISTENT SHAREHOLDER RETURNS /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. FY17 FY18 FY19 FY20 FY21 Rs 90.1 crores VALUE CREATION FOR Rs 9.6 crore Rs 5.5 crore Rs 30 crore Rs 6 crore Rs 6 crore Returned to SHAREHOLDERS Buyback Dividend Payout Buyback Dividend Payout Dividend shareholders in the last Pa
Slide 34: Corporate Social Responsibility (CSR)
CORPORATE SOCIAL RESPONSIBILITY (CSR) /J. FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. Education support Covid Measures Clean India Mission Women Empowerment program ₋ Partnered with NGOs for supply of oxygen ₋ Swachch Bharat Abhiyaan: Constructed over 100 ₋ Partnered with several education not-for-profit ₋
Slide 35: Board of Directors
BOARD OF DIRECTORS FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. • • • • • • Bimal Thakkar Deepa Harris Viren Merchant Ravinder Jain Chandir Gidwani Jay Mehta Chairman, Managing Independent Director Non-Executive Director Independent Director Independent Director Non-Executive Director Director and CEO ▪ 35
Slide 36: Management Team
MANAGEMENT TEAM FOODS LTD. ']..,,1;,,9 1I, ,oo dd .. • Under Bimal’s leadership, ADF Foods has evolved from a small dried fruit store to a global brand with food processing and Bimal Thakkar distribution capabilities and presence in over 55 countries. Chairman, Managing • Further, Bimal played a piv
Slide 37: Thank You
THANK YOU ADF Foods Limited CIN: L15400GJ1990PLC014265 Mr. Shardul Doshi, CFO shardul@adf-foods.com Mr. Bhavin Soni +91 9833537225 bhavin.soni@linkintime.co.in Mr. Jinal Fofalia +91 7738327567 jinal.fofalia@linkintime.co.in