([@ H i n d u s t a n F o o d s L i m i t e d R e g i s t e r e d & C o r p o r a t e O ff i c e : O ff i c e N o . 3 , L e v e l - 2 , C e n t r i u m , P h oe n i x M a r k e t C i t y , 1 5 , L a l B a h ad u r S h a s h t r i R o ad , K u r l a ( W e s t } , M u m b a i , M a h a r a s h t r a , I nd i a . 4 0 0 0 70 . E m a i l : b u s i n e ss @ t h e v a n i t yc a s e . c o m W eb s i t e : www . h i n d u s t an f o o d s li m i t e d . c o m T e l . N o . + 9 1 - 2 2 - 6 1 8 0 1 7 0 0 G I N : L 1 5 1 3 9 M H 1 9 84 P L C 3 1 6 0 0 3 C o m p a n y S c r i p C od e : 5 1 9 1 2 6 D a t e : 1 6 th A u gu s t , 2 0 1 9 T o , T h e G e n e r a l M a n a g e r D e p a rt m e n t o f C o rp o r a t e S e rv i c e s Th r o u g h L i s ti n g C e n tr e B S E L i m i t e d F l oo r 2 5 , P . J . T o w e r s , D a l a l S tr ee t , M u m b a i - 4 0 0 0 0 1 . T e l : 1 02 2 ) 2 2 7 2 1 2 3 3 I 3 4 D e ar S i r I M a d am , S u b . : E a r n i n g s P r e s e n t a t i o n f o r 0 1 F Y 2 0 1 9 - 2 0 In p ur s u a n ce t o R e gu l a t i on 3 0 o f t h e S E B I ( L i s t i ng O b l i g a ti o n s a n d D i s c l o s ur e R e qu i r e m e n t s ) R e gu l a ti o n s , 2 0 1 5 , p l e a s e fi n d e n c l o s e d h e r e wi th th e E a rn i n g s P r e s e n t a t i on f o r Q l e nd e d 3 0 th J un e , 2 0 1 9 F Y 2 0 1 9 - 2 0 . W e r e q u e s t y o u t o t a k e t h e a bo v e o n r e c o r d . T h a nk i n g yo u , Y o ur s f a i th fu l l y f o r H I N D U S T AN F O O D S L I M I T E D B a n � i t C o m pa n y S e c r e t a r y E n c l . : A s a b o v e
HINDUSTAN FOODS LIMITED EARNINGS PRESENTATION | Q1 - FY20 H I N D US T A N F OO D S LI M I TE D <, /
Q1-FY20 Performance Highlights H I N D U S T A N F OO D S L I M I TI:: D Operational Income (INR Mn) EBITDA (INR Mn) • Operational Revenue for Q1-FY20 grew by 75.8% YoY. • EBITDA grew by 60.5% on a YoY basis and EBITDA margins stood at 8.8% for the quarter which reduced by 74 Bps YoY. 840 69 777 58 43 442 • PAT for the quarter grew by 25% YoY and PAT margins are 3.86% which is a de-growth of 157 Bps YoY. Q1-FY19 Q4-FY19 Q1-FY20 Q1-FY19 Q4-FY19 Q1-FY20 • The Coimbatore unit which started production in the Q4-FY19 ramped-up production in Q1-FY20. In addition to tea, the Company will start packing Coffee from Q2-FY20. PAT (INR Mn) Basic EPS (INR) • The company bought shares from existing promoters of ATC Beverages Pvt. Ltd and now holds ~36%. ATC Beverages has signed a contract with Hector Beverages Pvt. Ltd. and it is expected to start 2.24 30 production from Q3-FY20. 1.84 24 1.62 22 • The Extruded Foods manufacturing in Goa, the Leather Shoes business in Pondicherry & Vasai and the Pest Control manufacturing in Jammu continued Q1-FY19 Q4-FY19 Q1-FY20 Q1-FY19 Q4-FY19 Q1-FY20 to perform consistently. I l l I I I l l I I I l l I I I l l I I I l l I I I I I I I I l l I I I l l l l l l l l l l l l I I I ll I I I l l I I I l l I I I l l I I I l l I I I I I I I I I I I I I l l I I I l l I l l I 2
Quarterly Income Statements (IND-As) H I N D U S T A N F OO D S L I M I TI:: D Y-o-Y Q-o-Q Income Statement (INR Mn) Q1-FY20 Q1-FY19 Q4-FY19 % Change % Change Operational Income 777 442 75.8% 840 (7.5)% Total Expenses 708 399 77.4% 782 (9.5)% 69 43 60.5% 58 19.0% EBITDA Depreciation 12 6 100.0% 12 NA 17 6 183.3% 16 6.3% Interest Other Income 1 - NA - NA PBT 41 31 32.3% 30 36.7% Tax 11 7 57.1% 8 37.5% 30 24 25.0% 22 36.4% Profit After tax 3.86% 5.43% (157) Bps 2.62% 124 Bps PAT Margins(%) Other Comprehensive Income - - NA (1) NA Total Comprehensive Income 30 24 25.0% 21 42.9% Basic EPS (INR) 2.24 1.84 21.7% 1.62 38.3% I l l I I I l l I I I l l I I I l l I I I l l I I I I I I I I l l I I I l l l l l l l l l l l l I I I ll I I I l l I I I l l I I I l l I I I l l I I I I I I I I I I I I I l l I I I l l I l l I 3
Q1-FY20 Financial Performance H I N D U S T A N F OO D S L I M I TI:: D YoY Financial Performance (Q1-FY20 vs. Q1-FY19) • Increase in revenue is basically due to the ramping up of the Coimbatore tea plant which started commercial production in January, 2019 • Decrease in EBITDA margins was due to the increase in the share of the company’s dedicated manufacturing business as compared to the Contract manufacturing business. • Depreciation increased primarily due to the capitalization of the Coimbatore tea plant. • Increase in interest cost was due to the term loan on the Coimbatore tea plant and also due to increase in working capital requirements. Sequential Financial Performance (Q1-FY20 vs. Q4-FY19) • Decline in Operational Income of 7.5% was primarily due to seasonality of some categories of products manufactured by the company. • EBITDA increased by 19% was due to ramping up of the new factory and resultant operational efficiencies. • Increase in taxes was due to the deferred tax mainly because of the difference in depreciation due to the capitalization plan. Capitalization and Borrowings • The Gross Block of the company has approximately doubled due to capitalization of Coimbatore tea plant in this Quarter. • Long term borrowings have increased to finance the expansion. Cash Flow • The company continues to be in an investment mode and has plans to invest close to INR 150 Cr as capex and a commensurate amount as Working capital for the rest of the year. I l l I I I l l I I I l l I I I l l I I I l l I I I I I I I I l l I I I l l l l l l l l l l l l I I I ll I I I l l I I I l l I I I l l I I I l l I I I I I I I I I I I I I l l I I I l l I l l I 4
Promoter Group Consolidation H I N D U ST A N F OO D S L I M ITE D Hyderabad Facility (On-Going Merger): • The legal process for the merger of the Hyderabad Unit (HUL Detergent factory) has progressed and the process will be concluded by Q2-FY20. • As soon as the Hyderabad factory is merged into the company, it’s turnover of INR 252 Cr of FY19 will reflect in the books of HFL as per the statutory process. In Q1-FY20, the Hyderabad unit has achieved a turnover of INR 78 Cr. • The company is also planning to invest up to INR 150 Cr in building up a state of art Home care Liquid and Shampoo Manufacturing facility for HUL in addition to the existing detergent powder facility. This would be one of the largest detergents facilities in India for the said principal. • Phase I of this new project is under progress with the civil work near completion and Phase II is expected to be concluded by Q2-FY20 and the company expects to kick-off commercial production by Q3-FY20. Proposed Mergers: • The promoter group owns a factory located at Coimbatore for packing malted beverages for a multinational. As a step towards the eventual consolidation of the group's operations, the company is considering to merge this factory under HFL • Also, with the successful turnaround of ATC Beverages Pvt Limited, the management of ATC and HFL is now confident that HFL should take a bigger role in ATC Beverages and hence is considering the option of merging the same into HFL. 1 1 1 I 1 1 1 1 1 1 1 I I I l l I I I II I I I l l I I I l l I I I I I I I I l l I I I ll I I I l l I I I l l I I I l l 1 1 1 1 1 1 1 1 1 1 11 1 1 1 I I 1 1 I 1 1 1 I 5
ABOUT HFL 6
Company Overview H I N D U ST A N F OO D S L I M ITE D Introduction Key Clients • Hindustan Foods Ltd. (HFL) was founded in 1984 and was promoted by the � � Dempo Group. f R e c k i tt B e n c k i s e r • The company offers reliable contract manufacturing services across India to top FMCG customers who are looking to minimize cost while maximizing product � � zyxwvutsrqponmlkjihgfedcbaZYXWVUTSRQPONMLKJIHGFEDCBA .. [!J ,ndt fY � - ;;£«i quality in the post-GST environment. � P I O N E E R S I N N U T A A C E U T I C A L S , S I N C E 1 9 3 0 • In 2013, Vanity Case Group bought a controlling stake in Hindustan Foods Ltd. from Dempo Group of Goa and since then the company has diversified across various FMCG categories with manufacturing competencies in Food & Beverages, Home & Personal Care, Fabric Care, Leather products. rn a n c o • The Vanity Case Group was founded in the year 2001 and is one of the largest and most diversified FMCG contract manufacturers in India, under the visionary leadership of Mr. Sameer Kothari. D A N O N E • Over the years, HFL has transformed into a scalable, profitable, diversified G a b o r contract manufacturer catering to various marquee customers. ' � • U . S . P O L O A SS N . 5 ! N C � 1 e 9 0 • The company has a vision of growing 20x by 2020 to reach a turnover of INR 1,000 Crores, through various organic and inorganic strategies. s h o e s f o r l i f e . .. s e m e s HFL has a market capitalization of INR 5,924.6 Mn as on 30 th June, 2019. • - m ade i n G e rm an y 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 11 1 1 1 1 1 1 1 1 1 1 I l l 7 1 1 1 I 1 1 1 1 1 I I I I I I I 1 1 1 I
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