Shree Renuka Sugars Limited · NSE:RENUKA
Shree Renuka Sugars — FY2022 Earnings Presentation
26 slides from Shree Renuka Sugars's earnings presentation, Jun 28, 2022
Slide 1: Cover letter to stock exchanges on investor presentation
28th June 2022 Listing Department Dept. of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P. J. Towers, Dalal Street Bandra (East), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: RENUKA BSE Scrip Code: 532670 Sub: Investor presentation on t
Slide 2: Investor Presentation June 2022
Confidential Investor Presentation June 2022 June 2022
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by and are the sole responsibility of the Shree Renuka Sugars Limited (“Company”). This presentation contains selected information about the activities of the Company as at the date of this presentation, unless otherwise spe
Slide 4: Experienced Management Team
Experienced Management Team Management Team Atul Chaturvedi Vijendra Singh Ravi Gupta Executive Chairman Executive Director & Dy. CEO Executive Director S.R. Nerlikar Sunil Ranka Satbir Sindhu Executive Director - Cane Chief Financial Officer President (Marketing & OD)
Slide 5: Shree Renuka Sugars at a Glance
Shree Renuka Sugars at a Glance India’s leading sugar manufacturer with presence across the value-chain Who are We? What do we do? What have we achieved so far? ✓ One of the largest Sugar and Green Energy (ethanol and renewable power) producers in India ✓ Leader in branded sugar segment in the Milli
Slide 6: Strong Wilmar Parentage
Strong Wilmar Parentage A Titan in the Agri Commodities Space Business Reach Oil Palm cultivation Sugar Milling and Refining F500 100,000 Company Workforce Edible Oil Refining Oleochemicals Oilseeds crushing Biodiesel Manufacturing 500 Pack Edible Oil Processing Specialty Fats Mfg Pl
Slide 7: One of the Leading Sugar & Green Energy Producers with Strategic Network of Infrastructure
One of the Leading Sugar & Green Energy Producers with Strategic Network of Infrastructure • Kandla refinery location enables Refineries (TPD) competitive exports to the highly sugar deficit Middle East region 3,000 2,500 • Kandla refinery derives its Kandla Haldia logistical advantage due to proxim
Slide 8: Our Journey with Focus on Green Energy
Our Journey with Focus on Green Energy Clocked EBITDA >INR 550 cr after 7 years CoM implemented – Wilmar 2021 took controlling stake 38.57%. Increased stake to 58.34% post culmination of open offer 2022 2018 Ethanol expansion Commissioned a 3,000 from 720 KLPD to tpd port based refinery in 2020 1400
Slide 9: Key Investment Highlights
Key Investment Highlights
Slide 10: Large Addressable Opportunity with Strong Tailwinds
Large Addressable Opportunity with Strong Tailwinds Ethanol Blending Program Sugar Branding Opportunity 3,320 Madhur Sales (MT) 1,43,962 8.5% 1,18,100 1,886 1,730 92,218 1,505 70,047 5.0% 5.0% 665 4.2% 2.1% ESY 16-17 ESY 17-18 ESY 18-19 ESY 19-20 ESY 20-21 FY 18-19 FY 19-20 FY 20-21 FY 21-22 Ethanol
Slide 11: Resilient Business Model with Focus on Green Energy & Consumer Pack
Resilient Business Model with Focus on Green Energy & Consumer Pack • One of the largest Ethanol player in the country with annual production of 165 mn litres. With the recent announced change in the policy, SRS likely to be big beneficiary. Ethanol expansion from 720 KLPD to 1,400 Focus on Green En
Slide 12: Robust Board of Directors
Robust Board of Directors Executive Directors Atul Chaturvedi Vijendra Singh Ravi Gupta Executive Chairman Executive Director & Dy. Executive Director CEO Non - Executive Directors Independent Directors Kuok Khoon Hong Jean-Luc Bohbot Madhu Rao Arun Chandra Verma Non – Executive Non – Executive Inde
Slide 13: Exhibited Improved Performance (FY22)
Exhibited Improved Performance (FY22) Cane Crushed (in MT) Refined Sugar (in MT) Ethanol manufactured (in KL) 32% 62,48,647 12,85,227 9,30,737 1,64,837 11,06,830 11,20,754 1,35,824 46,94,600 47,21,554 1,21,129 1,10,127 34,78,158 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22
Slide 14: Key Takeaways
Key Takeaways Leading integrated sugar company in India with significant investments and expertise in green power and 1 consumer pack business 2 India entering a new age of renewable energy under the leadership of GOI , SRSL well poised to move quickly to gain first mover advantage and capitalize on
Slide 15: Annexures: Financial And Operating Metrics- FY22
Annexures Financial And Operating Metrics- FY22
Slide 16: 12M: Operational Performance
12M: Operational Performance Particulars Units 12 Months (2021-22) 12 Months (2020-21) YoY Change (%) Cane Crushed for Ethanol MT 1,805,380 961,016 32% Cane Crushed for Sugar MT 4,443,266 3,760,538 Sugar Produced from Cane MT 523,773 420,586 25% Ethanol - C Molasses KL 6,130 5,136 Ethanol - BH KL 11
Slide 17: 12M: Commercial Performance
12M: Commercial Performance 12 Months (2021-22) 12 Months (202o-21) YoY Change (%) Particulars Unit Sales Price Realised Sales Price Realised Sales Price Quantity (INR/unit) Quantity (INR/unit) % Milling Sugar - Local INR/MT 212,231 32,593 171,620 32,089 24% 2% Sugar - Madhur INR/MT 143,962 38,103 1
Slide 18: 12M: Consolidated P&L
12M: Consolidated P&L Particulars Units 12 Months Ending Mar’22 12 Months Ending Mar’21 YoY Change (%) Revenue from operations INR Mn 63,864 55,554 15.0% Income from incentive to sugar mills INR Mn 462 931 (50.4%) Other Income INR Mn 690 371 (86.0%) Total Income INR Mn 65,016 56,856 14.4% 11,991 Gro
Slide 19: 12M: Segment Wise P&L Consolidated
12M: Segment Wise P&L Consolidated Particulars (In INR Mn) 12 Months Ending Mar’22 12 Months Ending Mar’21 Segment Revenue (a) Sugar - milling 27,618 19,513 (b) Sugar – refinery 38,745 35,040 (c) Distillery 9,494 7,015 (d) Co-generation 4,955 4,540 (e) Trading 4,238 5,656 (f) Engineering 1,913 503 (
Slide 20: Consolidated Balance Sheet As On 31st March 2022
Consolidated Balance Sheet As On 31st March 2022 Particulars (In INR Mn) As On Mar’22 As On Mar’21 Particulars (In INR Mn) As On Mar’22 As On Mar’21 Equity Assets Equity Share capital 2,128 2,128 Non- current assets Other equity (8,206) (8,754) Property, plant and equipment 40,031 37,751 Equity attr
Slide 21: Annexures: Financial And Operating Metrics- Q4 FY22
Annexures Financial And Operating Metrics- Q4 FY22
Slide 22: Exhibited Improved Performance (3 Months)
Exhibited Improved Performance (3 Months) Cane Crushed (in MT) Refined Sugar (in MT) Ethanol manufactured (in KL) 25% 8% 53% 33,49,618 83,855 3,15,562 67,056 2,91,463 21,85,324 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Revenue Growth (INR Mn) EBITDA (INR mn) & EBITDA margin (%) Net Debt (INR M
Slide 23: 3M: Operational Performance
3M: Operational Performance For the 3M Particulars Units 3M Jan’22-Mar'22 3M Jan’21-Mar'21 YoY Change (%) Milling Division Cane Crushed for Distillery MT 900,106 460,248 96% Cane Crushed for Sugar MT 2,449,512 1,725,076 42% Sugar Produced from Cane MT 302,384 207,262 46% Ethanol - C Molasses KL - 1,
Slide 24: 3M: Commercial Performance
3M: Commercial Performance For the 3M 3 Month Jan-Mar’22 3 Month Jan-Mar’21 YoY Change (%) Particulars Unit Sales Price Realised Sales Price Realised Sales Price Quantity (INR/unit) Quantity (INR/unit) % Milling Sugar Sugar - Local INR/MT 105,664 33,023 51,936 30,844 103% 7% Sugar - CP INR/MT 35,189
Slide 25: Q4: Consolidated P&L
Q4: Consolidated P&L For the 3M Particulars Units 3M Jan’22-Mar'22 3M Jan’21-Mar'21 YoY Change (%) Revenue from operations INR Mn 21,729 12,992 67.2% Income from incentive to sugar mills INR Mn - 212 Other Income INR Mn 178 73 143.8% Total Income INR Mn 21,907 13,277 65.0% Gross Profit INR Mn 4,955
Slide 26: Q4: Segment Wise P&L Consolidated
Q4: Segment Wise P&L Consolidated Particulars (In INR Mn) 3M Jan’22-Mar'22 3M Jan’21-Mar'21 Segment Revenue (a) Sugar - milling 12,541 8,193 (b) Sugar - refinery 12,679 6,272 (c) Distillery 3,244 2,911 (d) Co-generation 2,394 1,943 (e) Trading 50 1,974 (f) Engineering 971 133 (g) Other 66 64 Total S