Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q4 FY2023 Earnings Presentation
31 slides from Dwarikesh Sugar Industries's earnings presentation, Apr 27, 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/2023-24/033 April 27, 2023 Corporate Relationship D
Slide 2: Investor Presentation Q4FY23 Results
Investor Presentation Company Performance Date Q4FY23 Results 27-April-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, April 28, 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: Diamond Pass Registration (choruscall.in) Earnings Call
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 1.54 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 Q4FY23
Slide 13: Performance Highlights
In INR million Q4FY23 Q4FY22 FY23 FY22 Total Income 5,344.4 4,758.6 21,170.0 19,819.5 EBIDTA 883.2 1,029.6 2,285.7 2,939.6 PAT 467.5 596.1 1,048.1 1,552.2 Performance Highlights In INR Q4FY23 Q4FY22 FY23 FY22 EPS 2.48 3.17 5.57 8.24 Finance cost & depreciation have been suitably adjusted to exclude
Slide 14: Management Comments
Management Comments • The decline in profit over corresponding quarter last year is attributable to lower volumes of sugar sold, lower recovery translating into higher cost of production and also attributable to muted sugar prices throughout the quarter. • Similarly decline in profit during the year
Slide 15: Quarterly Trends
Quarterly Trends 3409.5 12.5% 8.8% 3386.9 596.1 467.5 4753.6 5325.5 Q4FY22 Q4FY23 Q4FY22 Q4FY23 PAT (Million) Revenue from Operations (Million) PAT Margin Average Domestic Sugar Realization INR/Quintal 21.7% 16.6% 1029.6 883.2 PAT Margin is PAT / Revenue from operations Q4FY22 Q4FY23 EBITDA Margin i
Slide 16: Yearly Trends
Yearly Trends 7.8% 14.9% 10.9% 5.0% 2939.6 2285.7 1552.2 1048.1 19787.1 21029.6 FY22 FY23 FY22 FY23 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 operation
Slide 17: Summary Financials
Summary Financials Figures in INR million FY 23 FY 22 INCOME Revenue from operations 21,029.6 19,787.1 Other income 140.4 32.3 Total Revenue 21,170.0 19,819.4 EXPENDITURE Cost of material consumed 14,244.6 13,718.1 Purchase of stock in trade 89.7 53.3 Changes in inventories of finished goods, WIP an
Slide 18: Operational Trends
Operational ‘Trends Q4FY23
Slide 19: Sugar – Q4FY23 Performance
Sugar – Q4FY23 Performance 3409.5 5.2% 3.6% 3386.9 246.4 208.1 4780.5 5799.0 1010.9 875.4 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Revenue from Operations (INR Million) Sugar Sold ('000 Quintal) EBITDA (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA Margin EBITDA Margin is EBITDA / Revenue fr
Slide 20: Sugar – Yearly Performance
Sugar – Yearly Performance 3.5% 3464.2 3387.3 1.3% 4598.5 4200.5 668.8 266.8 19059.2 20797.5 FY22 FY23 FY22 FY23 Sugar Sold ('000 Quintals) Revenue from Operations (INR Million) Average Domestic Sugar Realization(INR/Quintal) EBITDA (INR Million) EBITDA Margin EBITDA Margin is EBITDA / Revenue from
Slide 21: Distillery – Q4FY23 Performance
Distillery – Q4FY23 Performance 31.0% 65.6 11.9% 59.1 303.7 230.6 16.5 29.5 979.0 1945.2 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Industrial Alcohol Sold (Mn L) Revenue from Operations (INR Million) Average Realization(INR/L) EBITDA (INR Million) EBITDA Margin EBITDA Margin is EBITDA / Revenue from operations Av
Slide 22: Distillery – Yearly Performance
Distillery – Yearly Performance 62.5 37.1% 18.3% 58.2 1211.7 973.4 55.7 84.2 3262.1 5335.0 FY22 FY23 FY22 FY23 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 operations Averag
Slide 23: Cogeneration – Q4FY23 Performance
Cogeneration – Q4FY23 Performance 37.5% 3.3 77.3 71.6 32.4% 3.2 1279.9 479.5 1373.9 444.5 137.6 138.5 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Revenue from Operations (INR Million) Power Generated (Mn Unit) Power Exported (Mn Unit) EBITDA (INR Million) Average Realization (INR/Unit) EBITDA Margin Generation Capa
Slide 24: Cogeneration – Yearly Performance
Cogeneration – Yearly Performance 3.3 34.9% 159.5 147.0 1059.1 1045.5 3.2 32.8% 301.3 301.9 3037.0 3191.6 FY22 FY23 FY22 FY23 Power Generated (Mn Units) Revenue from Operations (INR Million) Power Exported (Mn Unit) EBITDA (INR Million) Average Realization (INR/Unit) EBITDA Margin Generation Capacit
Slide 25: Annexure Facilities
Annexure Facilities
Slide 26: 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 27: Dwarikesh Puram Unit (Bijnor District)
Dwarikesh Puram Unit (Bijnor District) Juice Evaporator Centrifugal Station Cogeneration Control Panel Switch Yard
Slide 28: Dwarikesh Dham Unit (Bareilly District)
Dwarikesh Dham Unit (Bareilly District) Facility Overview 24 MW TG Set Pan Station Clarification Section
Slide 29: Dwarikesh Nagar Distillery (Bijnor District)
Dwarikesh Nagar Distillery (Bijnor District) 162.5 KLPD Distillery
Slide 30: Dwarikesh Dham Distillery (Bareilly District)
Dwarikesh Dham Distillery (Bareilly District) 175 KLPD Distillery
Slide 31: Thank You
Thank You Vijay S. Banka Rashi Sanghi Managing Director Adfactors PR Pvt Ltd. Dwarikesh Sugar Industries Limited Email: rashi.sanghi@adfactorspr.com Email: vsbanka@dwarikesh.com
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