Balrampur Chini Mills Ltd · NSE:BALRAMCHIN

Balrampur Chini Mills — Q4 FY2012 Earnings Presentation

17 slides from Balrampur Chini Mills's earnings presentation, May 28, 2012

  1. Slide 1: Balrampur Chini Mills Limited Q4 & FY2012 Results Presentation

    BALRAMPUR CHINI MILLS LIMITED O4 & FY2012 RESULTS PRESENTATION MAY 28, 2012

  2. Slide 2: Agenda

    Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 7 Financial Overview 9 Financial Discussion 10 Segmental Overview 11 2

  3. Slide 3: Company Highlights

    Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 126 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India Maximization Stabilizes revenue streams along with providing a hedge against the

  4. Slide 4: Q4 FY2012 Financial Performance Highlights

    Q4 FY2012 Financial Performance highlights  Net Revenue grew by 23% to ` 5,778 million  EBITDA stood at ` 1,935 million  Net Profit stood at ` 1,299 million  Diluted EPS at ` 5.32 per share FY2012 Financial Performance highlights  Net Revenue at ` 23,096 million  EBITDA at ` 2,382 million  Ne

  5. Slide 5: Management's Message

    Commenting on the performance for Q4 & FY2012, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited, said: “We ended the year with steady growth in revenues recorded by all business segments due to increased volumes and better realizations. While our allied businesses registered bette

  6. Slide 6: Crushing and Sugar Production Highlights

     The Company registered total cane crushing of 8.5 crore quintal for the sugar season 2011 – 12;  Higher crushing achieved owing to higher cane availability  8.1 lakh tonne sugar produced in the current season  BCML recorded average sugar recovery of 9.54% in the current sugar season – one of th

  7. Slide 7: Sector Perspectives: Central Government Steps

     Central Government steps are pragmatic steps and will improve overall health of the sugar sector  Limit on sugar export volumes removed and brought under open general license (OGL) during the quarter; domestic sugar price expected to stabilize  High-level expert committee under Dr. C. Rangarajan

  8. Slide 8: Sector Perspectives: Cane Arrears and Global Prices

     Cumulative cane arrears across the country for the 2011-12 sugar season is estimated to be over ` 10,000 crore; cane arrears in Uttar Pradesh exceeds ` 4,500 crore  Huge difference between the cost of production of sugar and sales realization the key reason for arrears build-up  Global sugar pri

  9. Slide 9: Profit & Loss Statement

    Profit & Loss Statement % Y-o-Y (` million) Q4 FY2012 Q6 FY2011 Growth FY2012 Net Operating Revenue 5,778 4,682 23.4% 23,096 EBITDA 1,935 2,054 (5.8%) 2,382 EBITDA Margin (%) 33.5% 43.8% 10.3% Depreciation 280 270 3.4% 1,108 Interest 411 333 23.7% 1,474 Profit Before Tax 1,311 1,486 (11.8%) 78 Profi

  10. Slide 10: Q4 FY2012 Operating Overview

    Q4 FY2012 Operating overview (Compared with Q6 FY2011)  Interest costs during the quarter stood at ` 411 million as compared to ` 333 million in Q6 FY2011  Combined effect of higher effective base rates and increased working capital requirements during the crushing season  As on 31 March 2011, BC

  11. Slide 11: Sugar Segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY2012 5,179 74.5% 803 45.3% Q6 FY2011 3,926 69.1% 957 49.9% % Shift 31.9% (16.1%) FY2012 20,698 82.0% (221) (12.7%)  Sugar sales for the quarter was 15.2 lakh quintals as compared to 11.5 lakh quintals in the co

  12. Slide 12: Sugar Production and Realization

    Cane Crushed (Lakh Quintals) Recovery (%) 1400 1231.51 10.00 9.88 1200 9.90 9.80 1000 846.29 9.70 800 9.60 9.54 9.54 564.24 600 491.17 9.50 9.38 400 9.40 9.30 200 9.20 0 9.10 FY 2011 FY 2012 Q6 FY2011 Q4 FY2012 FY 2011 FY 2012 Q6 FY2011 Q4 FY2012 Production (Lakh Quintals) Avg. Realization – Free Su

  13. Slide 13: Distillery Segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY2012 453 6.5% 218 12.3% Q6 FY2011 507 8.9% 204 10.6% % Shift (10.6%) 7.4% FY2012 1,477 5.9% 538 31.0%  RS and ENA volumes stood at 11,062.5 KL Q4 FY2012 as compared to 10,899.0 KL in Q6 FY2011; blended realizat

  14. Slide 14: Distillery Production and Realizations

    Production (KL) Total Sales (KL) 80000 70859.5 70000 63179.3 70000 60000 54717.2 60000 55785.0 50000 50000 40000 40000 24073.5 24654.0 30000 30000 18942.0 20000 16840.5 20000 10000 10000 0 0 FY 2011 FY 2012 Q6 FY2011 Q4 FY2012 FY 2011 FY 2012 Q6 FY2011 Q4 FY2012 Ethanol production (KL) Blended Reali

  15. Slide 15: Co-generation Segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY2012 1,309 18.8% 751 42.4% Q6 FY2011 1,243 21.9% 754 39.3% % Shift 5.3% (0.4%) FY2012 3,030 12.0% 1,421 81.9%  Sales for the quarter stood at 2208.7 lakh units as compared to 2181.4 lakh units in the correspond

  16. Slide 16: Power Generation and Sales

    Total Power Generation (Lakh units) 12000 10159.6 10000 8000 7393.0 6000 4000 3293.3 3435.6 2000 0 FY 2011 FY 2012 Q6 FY2011 Q4 FY2012 Total Power sales (Lakh units) Realization from Bagasse Based Sales(` per 8000.0 unit) 7110.8 7000.0 4.05 4.02 4.02 6000.0 5268.0 4.00 3.99 5000.0 4000.0 3.95 3.93 3

  17. Slide 17: About Balrampur Chini Mills Limited

    About Balrampur Chini Mills Limited Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of bio-compost. The Company presently has ten sugar factori

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