Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q3 FY23 Earnings Presentation
32 slides from Dwarikesh Sugar Industries's earnings presentation, Jan 31, 2023
Slide 1: Regulation 30 disclosure cover letter
DWARIKESH SUGAR INDUSTRIES LIMITED Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax : 2204 7288 E Mail : dsilbom@dwarikesh.com Website : www.dwarikesh.com, CIN : L15421UP1993PLC018642 REF: DSIL/2022-23/496 January 31, 2023 Corporate Relationship
Slide 2: Investor Presentation Q3 & 9M FY23 Results
Investor Presentation Company Performance Date Q3 & 9M FY23 Results 30-January-2023
Slide 3: Safe Harbor Statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dwarikesh Sugar Industries Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Earnings Call
Time and Date 3:00 PM IST, Friday, February 03, 2023 Details Conference Dial-In +91 22 6280 1116/+91 22 7115 8017 International Toll Free UK 08081011573 USA 18667462133 Hong Kong 800964448 Singapore 8001012045 Diamond Pass: https://services.choruscall.in/DiamondPassRegistration/register?confirmation
Slide 5: Business Overview
Business Overview A Brief Run Through
Slide 6: At a Glance
At a Glance • Three plants located in Uttar Pradesh, one of India’s largest sugar producing states o Two plants located in Bijnor district– a district with focused concentration on cane production on highly fertile & well-irrigated land o One plant in Bareilly district – the low-lying Ganges plains
Slide 7: Operations Overview
Operations Overview Farmers Molasses (nearly 1.51 lakhs) (External Sales) Industrial Alcohol (162.5 KLPD at Cane Development Sugarcane Molasses Distillery Dwarikesh Nagar & & Marketing 175 KLPD at Dwarikesh Dham) Clarification Dwarikesh Sugar Crushing Sugar Sugarcane Juice Evaporation Industries Ltd
Slide 8: Management
Mr. G R Morarka Mr. Vijay S Banka Mr. B J Maheshwari Founder and Promoter Managing Director Managing Director & Executive Chairman Company Secretary Chartered Commerce graduate & cum Chief ICWA Inter Accountant Compliance Officer Received ‘Indira Gandhi Associated with the Associated with the Priyad
Slide 9: Key Milestones
Key Milestones Set up DN Distillery with 30,000 LPD capacity; Debottlenecking of 100 KLPD Commissioned Dwarikesh Puram DN Distillery by Distillery capacity Commencement of DN Crushing capacity (DP) plant with crushing capacity of commissioning expansion project surplus power reached 6,500 TCD; 7,500
Slide 10: Business Strategy
We are currently one of the most efficient integrated sugar companies in Uttar Business Strategy Pradesh. We plan to further improve on our performance metrics while continuing with our best practices. O p e r a t i n g Efficiency Cost Control THROUGH CONTINUOUS F O CU S O N C O S T C O N T R O L IM
Slide 11: Strong Relationship with Farmers
Strong Relationship withFarmers Cane Development • Dedicated cane department to supervise cane development and procurement • ‘Kisan Sewa Kendra’ for promotion of high yield seed varieties and more efficient pesticides • Monitoring harvesting program to obtain desired quality and quantity of cane • S
Slide 12: Financial Performance
Financial Performance Q3 & 9M FY23
Slide 13: Performance Highlights
In INR million Q3FY23 Q3FY22 9MFY23 9MFY22 FY22 Total Income 3,917.3 6,023.7 15,825.7 15,060.8 19,820.1 EBIDTA 343.9 560.3 1,402.5 1,910.0 2,939.6 PAT 105.2 288.8 580.6 956.0 1,552.2 Performance Highlights In INR Q3FY23 Q3FY22 9MFY23 9MFY22 FY22 EPS 0.56 1.53 3.08 5.08 8.24 Finance cost & depreciati
Slide 14: Management Comments
Management Comments • The decline in profit over corresponding quarter last year is attributable to lower brought forward sugar stock resulting in lower volumes of sugar sold and also on account of sugar prices not rising in consonance with the higher cost of production (caused by higher cane price
Slide 15: Management Comments (contd.)
Management Comments (contd.) • With the start of sugar season 2022-23, operations at both the distilleries, for the first time, commenced with sugarcane juice / syrup as feedstock. There were teething problems which resulted in lower than optimum productivity during the initial phase. Yields were al
Slide 16: Quarterly Trends
Quarterly Trends 3,550.0 4.8% 2.7% 3,544.0 6,013.7 3,838.4 288.8 105.2 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Revenue from Operations (Million) PAT (Million) Average Domestic Sugar Realization INR/Quintal PAT Margin 9.3% 9.0% 560.3 343.9 PAT Margin is PAT / Revenue from operations Q3FY22 Q3FY23 EBITDA Margin i
Slide 17: 9M FY23 Trends
9M FY23 Trends 6.4% 12.7% 8.9% 3.7% 1910.0 1402.5 956.0 580.6 15,033.5 15,704.1 9MFY22 9MFY23 9MFY22 9MFY23 PAT(Million) Revenue from Operations - External (INR Million) EBITDA (INR Million) PAT Margin EBITDA Margin PAT Margin is PAT / Revenue from operations EBITDA Margin is EBITDA / Revenue from o
Slide 18: Summary Financials
Summary Financials Q3 FY23 Q3 FY22 9M FY 23 9M FY 22 FY 22 INCOME Revenue from operations 3838.4 6013.7 15704.1 15033.5 19787.1 Other income 78.9 10.0 121.6 27.3 33.0 Total Revenue 3917.3 6023.7 15825.7 15060.8 19820.1 EXPENDITURE Cost of material consumed 4635.0 4595.6 7651.9 7235.3 13718.1 Purchas
Slide 19: Operational Trends
Operational Trends Q3 & 9M FY23
Slide 20: Sugar – Q3 FY23 Performance
Sugar – Q3 FY23 Performance 3,550.0 0.7% -2.7% 3,544.0 6,133.5 45.6 4,012.0 1,417.4 647.1 Q3FY22 Q3FY23 -109.8 Q3FY22 Q3FY23 Revenue from Operations (INR Million) Sugar Sold ('000 Quintal) EBITDA (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA Margin EBITDA Margin is EBITDA / Rev
Slide 21: Sugar – 9M FY23 Performance
Sugar – 9M FY23 Performance 3.0% 3,483.0 3,387.0 0.4% 3,587.7 3,325.0 14,278.8 422.4 14,998.5 58.7 9MFY22 9MFY23 9MFY22 9MFY23 Revenue from Operations (INR Million) Sugar Sold ('000 Quintals) EBITDA (INR Million) Average Domestic Sugar Realization(INR/Quintal) EBITDA Margin EBITDA Margin is EBITDA /
Slide 22: Distillery – Q3 FY23 Performance
Distillery – Q3 FY23 Performance 65.0 31.6% 58.6 12.7% 210.4 140.1 11.3 16.8 665.7 1,103.4 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Revenue from Operations (INR Million) EBITDA (INR Million) Industrial Alcohol Sold (Mn L) Average Realization(INR/L) EBITDA Margin EBITDA Margin is EBITDA / Revenue from operations
Slide 23: Distillery – 9M FY23 Performance
Distillery – 9M FY23 Performance 39.8% 60.9 21.9% 57.9 908.0 742.8 39.2 54.7 2,283.1 3,389.7 9MFY22 9MFY23 9MFY22 9MFY23 Revenue from Operations (INR Million) Industrial Alcohol Sold (Mn L) EBITDA (INR Million) Average Realization(INR/L) EBITDA Margin . EBITDA Margin is EBITDA / Revenue from operati
Slide 24: Cogeneration – Q3 FY23 Performance
Cogeneration – Q3 FY23 Performance 33.5% 3.3 3.2 33.4% 910.2 304.3 935.3 313.6 89.9 49.2 88.7 47.3 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Revenue from Operations (INR Million) Power Generated (Mn Unit) EBITDA (INR Million) Power Exported (Mn Unit) EBITDA Margin Average Realization (INR/Unit) Generation Capacit
Slide 25: Cogeneration – 9M FY23 Performance
Cogeneration – 9M FY23 Performance 33.1% 3.3 33.0% 3.2 1,757.1 579.7 1,817.7 601.0 163.7 82.2 163.4 75.4 9MFY22 9MFY23 9MFY22 9MFY23 Revenue from Operations (INR Million) Power Generated (Mn Units) EBITDA (INR Million) Power Exported (Mn Unit) EBITDA Margin Average Realization (INR/Unit) Generation
Slide 26: Annexure Facilities
Annexure Facilities
Slide 27: Dwarikesh Nagar Unit (Bijnor District)
Dwarikesh Nagar Unit (Bijnor District) Sugar Plant Overview Distillation House & Multi-Effect Evaporator Bagasse Silos & Feeders of Boiler Continuous Pan
Slide 28: Dwarikesh Puram Unit (Bijnor District)
Dwarikesh Puram Unit (Bijnor District) Juice Evaporator Centrifugal Station Cogeneration Control Panel Switch Yard
Slide 29: Dwarikesh Dham Unit (Bareilly District)
Dwarikesh Dham Unit (Bareilly District) Facility Overview 24 MW TG Set Pan Station Clarification Section
Slide 30: Dwarikesh Nagar Distillery (Bijnor District)
Dwarikesh Nagar Distillery (Bijnor District) 162.5 KLPD Distillery
Slide 31: Dwarikesh Dham Distillery (Bareilly District)
Dwarikesh Dham Distillery (Bareilly District) 175 KLPD Distillery
Slide 32: Thank You
Thank You Vijay S. Banka Shruti Vakhariya Managing Director Adfactors PR Pvt Ltd. Dwarikesh Sugar Industries Limited Email: shruti.vakhariya@adfactorspr.com Email: vsbanka@dwarikesh.com
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