Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q2 FY20 Earnings Presentation
20 slides from Balrampur Chini Mills's earnings presentation, Nov 11, 2019
Slide 1: Results Presentation filing letter to exchanges
BALRAMPUR CHINI MILLS LIMITED CIN - L15421WB1975PLC030118 REGO. OFF. : "FMC FORTUNA" 2ND FLOOR, 234/3A, A. J. C. BOSE ROAD, KOLKATA- 700 020 PHONE : 2287-4749 •FAX: (033) 2283-4487 •Email : bcml@bcml.in • www.chini.com 11th November, 2019 National Stock Exchange BSE Limited The Calcutta Stock of Ind
Slide 2: Q2 & H1 FY20 Results Presentation
Balrampur Chini Mills Limited Q2 & H1 FY20 Results Presentation November 11, 2019
Slide 3: Safe Harbour
Safe Harbour 2 Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technological risks, an
Slide 4: Table of Content
Table of Content 3 Conference Call Details 4 Performance Highlights 8 Management’s Message 9 Company Highlights 10 Financial Overview 12 Segmental Overview 13
Slide 5: Conference Call Details
Conference Call Details 4 Timing 12:00 noon on Wednesday, November 13, 2019 Conference dial-in Primary number: +91 22 6280 1141 / 7115 8042 Toll free Number Singapore: 800 101 2045 Hong Kong: 800 964 448 USA: 1 866 746 2133 UK: 0 808 101 1573
Slide 6: A Leading Integrated Sugar Player In India
A Leading Integrated Sugar Player In India 5 Operational Latest technology implemented to achieve highest operational results and efficiencies leverage inter-plant synergies to maximize by-product utilization Management expertize Strong management team with years of sugar industry experience One of
Slide 7: Business Model
Business Model 6 Maximize value Economic sized accrual from operations every tonne of driving cost cane crushed efficiencies Supported by Integrated very strong Intra-plant operations farmer synergies relationships Greater Close proximity hedge between plants against the maximizes by- sugar cycle pr
Slide 8: Plant Locations
Plant Locations 7 Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation operations of 360 KLPD and 165.2 MW (Saleable) respectively Sugar Distillery COGEN POWER (MW) UNITS Capacity (TCD) (KPLD) SALEABLE CAPACITY BALRAMPUR 12,000 160 27.25 BABHNAN 10,000 100 10.00 Gularia TULSIPUR 7
Slide 9: Performance Highlights (Standalone)
Performance Highlights (Standalone) 8 Q2 FY2020 highlights v/s Q2 FY2019 H1 FY2020 highlights v/s H1 FY2019 Revenue from operations stood at `85,697 lacs as Revenue from operations stood at `1,80,547 lacs as compared to `1,01,499 lacs compared to `2,01,753 lacs EBITDA at `15,455 lacs as compared to
Slide 10: Management's Message
Management’s Message 9 Commenting on the performance for Q2 FY2020, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “I am glad to share that BCML has delivered stable performance during the quarter despite the oversupply sugar situation in the domestic market. The s
Slide 11: Company Highlights
Company Highlights 10 ⚫ Long term and Short Term ratings of the Company stands at AA and A1+ respectively as assigned by ICRA and CRISIL ⚫ As on 30th September 2019 long term debt of the Company stands at `35,220.31 lacs which includes SDF Loan of `533.40 lacs @4% and a term loan of `34,686.91 lacs
Slide 12: Recent Government Initiatives
Recent Government Initiatives 11 ⚫ The Central Government has announced creation of buffer stock of 4.0 million tonnes for a period of 1 year w.e.f. 1st August, 2019 in order to help the sugar industry from demand – supply mismatch. The carrying cost on the same is to be reimbursed by Central Govern
Slide 13: Financial Overview
Financial Overview 12 Particulars Q2 FY20 Q2 FY19 % Q-o-Q H1 FY20 H1 FY19 % H-o-H Growth Growth (` in Lacs) (` in Lacs) (` in Lacs) (` in Lacs) Revenue from Operations 85,697 1,01,499 -15.57% 1,80,547 2,01,753 -10.51% EBITDA 15,455 14,112 9.52% 33042 27050 22.15% EBITDA Margin (%) 18.03% 13.90% - 18
Slide 14: Segmental Overview – Sugar
Segmental Overview – Sugar 13 Financial Segment Revenues % contribution to PBIT % contribution to (` lacs) Revenues (` lacs) PBIT Q2 FY20 75,061 82.27% 9,014 60.24% Q2 FY19 88,312 85.78% 6,275 46.88% H1 FY20 1,58,763 79.33% 16,343 51.68% H1 FY19 1,72,073 79.79% 6,682 26.42% Operational Average Sugar
Slide 15: Segmental Overview – Sugar
Segmental Overview – Sugar 14 Sugarcane Crushed (lac qtls.) Sugar Recovery (%) 1,103.62 12.00 927.83 11.58 742.56 794.65 11.06 11.11 10.66 10.84 216.15 167.34 FY16 FY17 FY18 FY19 H1 FY19 H1 FY20 FY16 FY17 FY18 FY19 H1 FY19 H1 FY20 Sugar Production (lac qtls.) Avg. Realization (` per kg) 127.81 35.90
Slide 16: Segmental Overview – Distillery
Segmental Overview – Distillery 15 Financial Segment Revenues % contribution to PBIT % contribution to (` lacs) Revenues (` lacs) PBIT Q2 FY20 13,392 14.68% 6,736 45.02% Q2 FY19 11,034 10.72% 7,446 55.63% H1 FY20 27,307 13.64% 15,249 48.22% H1 FY19 23,275 10.79% 13,617 53.84% Ethanol Total Alcohol T
Slide 17: Segmental Overview – Distillery
Segmental Overview – Distillery 16 Distillery Production(KL) 1,06,567 72,158 81,003 70,555 58,652 48,387 30,918 19,581 FY16 FY17 FY18 FY19 HIFY19 H1FY20 Q2FY19 Q2FY20 Avg. Realization - Distillery Distillery Sales (KL) (` per BL) 42.91 42.55 42.75 1,10,898 41.29 40.41 40.48 40.72 80,659 39.15 64,749
Slide 18: Segmental Overview – Co-generation
Segmental Overview – Co-generation 17 Financial Segment Revenues % contribution to PBIT % contribution to (` lacs) Revenues (` lacs) PBIT Q2 FY20 2,499 2.74% (920) (6.15%) Q2 FY19 3,421 3.32% (362) (2.70%) H1 FY 20 13,557 6.77% (200) (0.63%) H1 FY19 19,850 9.20% 4,880 19.30% Average Power Generation
Slide 19: Segmental Overview – Co-generation
Segmental Overview – Co-generation 18 Production (Lac units) 10,497 8,295 8,741 7,469 3,653 3,159 625 453 FY 16 FY 17 FY18 FY19 H1FY19 H1FY20 Q2 FY19 Q2 FY20 Power sales (Lac units) Avg. Realization (` per unit) 4.77 4.78 4.94 4.96 4.82 6,638 4.23 6,168 5,680 5,307 3.10 3.13 2,536 2,042 425 204 FY 1
Slide 20: Contact Us
Contact Us 19 About Balrampur Chini Mills Limited – For further information contact: CIN: L15421WB1975PLC030118 Pramod Patwari Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar Chief Financial Officer companies in India. The allied businesses of the Company comprise distill
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