E.i.d.-parry (india) Limited · NSE:EIDPARRY
E.i.d.-parry (india) — E.I.D. - Parry (India) — FY2022 Earnings Presentation
42 slides from E.i.d.-parry (india)'s earnings presentation, May 18, 2022
Slide 1: Cover letter to stock exchanges on updated analyst presentation
E.I.D. - Parry (India) Limited Regd.Office: Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600001, India. Tel: 91 .44.25306789 Fax: 91.44.25341609/25340858 CIN: L24211TN1975PLC006989 Website: www.eidparry.com May 18, 2022 BSE Limited National Stock Exchange of India Limited pt Floor, New T
Slide 2: Investor Presentation FY'22
E.I.D. - PARRY (INDIA) LIMITED INVESTOR PRESENTATION FY’22
Slide 3: Table of Contents
4 COMPANY INFORMATION 7 INDUSTRY ANALYSIS 12 SUGAR STRATEGY TABLE OF 21 E.I.D. STANDALONE PERFORMANCE CONTENTS 27 NUTRACEUITCALS PERFORMANCE 31 REFINERY PERFORMANCE 35 CONSOLIDATED FINANCIAL PERFORMANCE 2
Slide 4: Safe Harbour
E.I.D. - Parry (India) Limited Safe Harbour Certain statements made in this document may constitute forward- looking statements. These forward-looking statements are based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their
Slide 5: Corporate Information
CORPORATE INFORMATION 4
Slide 6: About Us
E.I.D. - Parry (India) Limited About Us Founded in 1788, Our Capacity ‘Parry’ has been a household name for Sugar Power Distillery over 225 years. Location [TCD] (MW) (KLPD) E.I.D. – Parry (India) Leading Sugar Limited (EID) is a producer in South Nellikuppam – TN 7,500 25 75 listed company with 6 S
Slide 7: Our Many Firsts
E.I.D. - Parry (India) Limited Our Many Firsts EID Parry has received “Best In the Corporate Nutraceuticals Social Fully automated space, E.I.D. Responsibility distillery plant in Parry is a world Practices” Parrys Pure is Sivagangai started leader in micro Award on 24th the only sugar in 2009, 1st
Slide 8: Industry Analysis
E.I.D. - Parry (India) Limited INDUSTRY ANALYSIS 7
Slide 9: Global Sugar Scenario Update
E.I.D. - Parry (India) Limited Global Sugar Scenario Update Global recovery Ukraine crisis Lower underway EU production will be lower Global per capita sugar leading to imports of Sugar production in consumption hit during the pandemic year to the levels to EU China as that were as far back in Produ
Slide 10: Global Sugar Scenario & Consumption
E.I.D. - Parry (India) Limited Global Sugar Scenario & Consumption Source: Czarnikow report Per Capita sugar Consumption Source: Czarnikow report • Global per capita sugar consumption is poised to recover from pandemic and is on path to grow more than 1.5% pa • Higher Indian Production offsets the p
Slide 11: Key Policies - GOI
E.I.D. - Parry (India) Limited Key Policies - GOI Sugar Year Sugar Year Sugar Year Key Policy 2019-20 2020-21 2021-22 4 MMT Nil Buffer Stock Quantity Nil 31 31 MSP – Rs/Kg of Sugar 31 2750 2850 FRP – Rs/Ton of Cane 2900 Restriction of domestic Imposed Imposed sales quantity through Imposed Release O
Slide 12: Indian Sugar Balance Sheet
E.I.D. - Parry (India) Limited Indian Sugar Balance Sheet Sugar Year Sugar Year Sugar Year Details (In Million Tons) 2019-20 2020-21 2021-22E 14.6 10.7 Opening stock as on 1st Oct 8.9 27.4 30.2 Production * 35.5 42.0 40.9 Total stocks 44.4 25.3 26.0 Consumption for the year 27.8 6.0 6.0 Exports - Su
Slide 13: Sugar Strategy
SUGAR STRATEGY 12
Slide 14: Sugar Strategy Devised
E.I.D. - Parry (India) Limited Sugar Strategy Devised Increase volume of Sugar Maximize realization from Sugar ❖ Relocate Pudukkottai assets to Haliyal in ❖ Grow the packaged retail business through Karnataka on account of higher recovery and distribution & brand building assured cane availability ❖
Slide 15: Sugar Strategies – Asset Relocation
E.I.D. - Parry (India) Limited Sugar Strategies – Increase volume of Sugar | 1a. Asset Relocation Earlier TCD Addition/Deletion Current TCD Haliyal crushing capacity AP - Sankili 5,000 - 5,000 increased ➢ Assets at Pudukkottai, Tamil Nadu, were KN - Haliyal 7,500 4,500 12,000 transferred to Haliyal
Slide 16: Sugar Strategies – Increase Cane Volumes
E.I.D. - Parry (India) Limited Sugar Strategies – Increase volume of Sugar | 1b. Increase Cane volumes Cane Crushed [LMT] & Recovery % 50.21 Cane growth over FY’21 36.72 37.18 39.69 10.6% ➢ TN – 1.6 LMT 36.72 10.3% ➢ AP – 0.8 LMT 10.1% ➢ KN – 8.1 LMT 10.0% 10.0% ➢ Overall expected to grow at a CAGR
Slide 17: Sugar Strategies – Maximize realization from sugar
E.I.D. - Parry (India) Limited Sugar Strategies – 2. Maximize realization from sugar Domestic Sales Mix % 3.84 LMT 3.45 LMT 2.91 LMT 2.85 LMT 3.25 LMT 5% 10% 18% 21% 22% 37% 48% Retail share moving to 22% 42% 59% 50% 58% 42% 37% 23% 28% FY'18 FY'19 FY'20 FY'21 FY'22 Trade Institutional Retail incl P
Slide 18: Portfolio Buildup, Distribution Growth, Brand Building
E.I.D. - Parry (India) Limited Sugar Strategies – 2. Maximize realization from sugar Portfolio Buildup Distribution Growth Brand Building • Pervasive Sweetener • Focus on South India • Implemented Master branding • Next gen sweetener products • Consolidate in Metro, Class1 and on packs • To straddle
Slide 19: EID Retail Product Suite
E.I.D. - Parry (India) Limited Sugar Strategies – 2. Maximize realization from sugar EID RETAIL PRODUCT SUITE Superior Health Benefit Parrys Jaggery Low GI @ Natural Brown Rs.120 Sugar Jaggery @ Rs Premium Imagery PPRS 110 Step up to branded Amrit @Rs 100 white sugar Convert PPRS @ Rs 70 consumers f
Slide 20: Sugar Strategies – Maximize EBP Opportunity
E.I.D. - Parry (India) Limited Sugar Strategies – 3. Maximize EBP Opportunity Distillery Sales Volume Mix [LL] 846 662 627 610 592 471 Commissioned 60 Setting up of 120 161 205 145 188 KLPD Distillery in KLPD multi feed Q1 at Bagalkot and distillery in progress 449 457 482 404 375 operated for 9 at
Slide 21: Sugar Strategies – Reduction in cash fixed cost
E.I.D. - Parry (India) Limited Sugar Strategies – 4. Reduction in cash fixed cost Reduction in Fixed Cost per MT is primarily on account of increased cane volumes Sugar Segment Fixed cost per MT of Cane Crushed (Rs/MT) 769 732 695 629 537 FY'18 FY'19 FY'20 FY'21 FY'22 20
Slide 22: Company Performance
E.I.D. - Parry (India) Limited COMPANY PERFORMANCE 21
Slide 23: Sugar Segment Sales – Sugar, Distillery & Power
E.I.D. - Parry (India) Limited Sugar Segment Sales – Sugar, Distillery & Power Sugar Sales (LMT) & Avg Realization (INR/Kg) 4.9 3.8 4.0 4.0 3.7 36.82 34.50 34.10 33.19 31.03 FY'18 FY'19 FY'20 FY'21 FY'22 Total Sales Avg Realisation Distillery Sales [LL] & Avg Realization [INR/Ltr] Power Export [LU]
Slide 24: Financials - Standalone
E.I.D. - Parry (India) Limited 5 Year Financials - Standalone EID Financial Performance FY’18 FY’19 FY’20 FY’21 FY’22 INR in Cr Revenue from Operations 1,942 1,845 1,875 2,024 2,496 EBIDTA 274 205 235 1,271 478 PBIT 161 92 116 1,151* 358 Note: PBT 48 (22) (20) 1,058 312 * FY’21 includes PAT • one-ti
Slide 25: Sugar segment PBIT FY'21 vs FY'22
E.I.D. - Parry (India) Limited Sugar segment PBIT FY’21 vs FY’22 43 122 86 -44 5 74 -20 -18 -4 PBIT FY’21 Cane Price, Fixed Cost Sugar Price Power Distillery PBIT FY’22 Transport Property Others due to & Volume Price & Subsidy sale in FY’21 expansion Volume 24
Slide 26: Standalone Cashflow FY'22
E.I.D. - Parry (India) Limited Standalone Cashflow FY’22 Particulars INR in Cr Improved operating cashflows helped in Opening 13 investment in capital expenditure and reducing debt From Operating activities 438 Working capital 200 Operating profit 238 From Investing activities 269 Dividend received
Slide 27: Debt Position - Standalone
E.I.D. - Parry (India) Limited Debt Position - Standalone Debt reduction initiative helping in reducing Moving towards 0-Debt Finance Cost Debt Position [INR in Cr] Finance Cost * 1200 136 1,018 1,035 113 113 1000 832 93 800 432 492 46 375 555 600 400 355 586 543 457 105 FY'18 FY'19 FY'20 FY'21 FY'2
Slide 28: Consolidated Nutraceuticals Performance
CONSOLIDATED NUTRACEUTICALS PERFORMANCE 27
Slide 29: Nutraceuticals Product Mix
E.I.D. - Parry (India) Limited Nutraceuticals Product Mix Nutraceuticals Product Mix Value [INR in Cr] 277 254 216 69 210 210 44 30 27 30 96 80 111 83 117 115 128 97 75 67 FY'18 FY'19 FY'20 FY'21 FY'22 Prostate Health Joint Health Greens INR in Cr Particulars FY’18 FY’19 FY’20 FY’21 FY’22 Greens 30
Slide 30: Nutraceuticals Initiatives
E.I.D. - Parry (India) Limited Nutraceuticals Initiatives Saw Palmetto Significant Market Flomentum – B2C • Built science equity for the growth share gain - efficacy of saw palmetto on 8% growth in FY’22 in the core saw palmetto B2B Spirulina Prostate Health. • Initiated field force vertical (Sales
Slide 31: Consolidated Nutraceuticals - Years' Financial performance
E.I.D. - Parry (India) Limited Consolidated Nutraceuticals - 5 Years’ Financial performance Revenue from Operations [INR in Cr] Capital Employed [INR in Cr] 277 254 293 216 271 272 210 210 245 197 Revenue & PBIT FY 17-18 to FY 21-22 FY'18 FY'19 FY'20 FY'21 FY'22 FY'18 FY'19 FY'20 FY'21 FY'22 PBIT [I
Slide 32: Sugar Refinery
5 Sugar Refinery Sweeter up the value chain Adding value & volume to manage restricted spread environments, increase profitability and create premium customer segments
Slide 33: Parry Sugar Refinery – Sugar Scenario
E.I.D. - Parry (India) Limited Parry Sugar Refinery India Private Limited – Sugar Scenario Global Demand Robust Refined Supply moving to sugar demand White Premium surplus Is expected to continue, to remain • Record production in India Indian Exports export ban in some countries keeping supply eleva
Slide 34: Refinery Performance - Standalone
E.I.D. - Parry (India) Limited Refinery Performance - Standalone Operational Performance UOM FY’18 FY’19 FY’20 FY’21 FY’22 Capacity LMT 8.00 8.00 9.00 9.00 9.00 Melting Rate MT/Day 2,155 2,445 2,700 2,564 2,595 Production LMT 6.61 6.99 6.37 7.90 6.11 Break Bulk % 86 85 84 87 94 Container % 14 15 16
Slide 35: Refinery EBITDA FY'21 vs FY'22
E.I.D. - Parry (India) Limited Refinery EBITDA FY’21 vs FY’22 [USD Mn] 2.4 (7.5) 6.7 9.2 16.5 (8.9) 34
Slide 36: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE 35
Slide 37: Consolidated Financials excluding Coromandel
E.I.D. - Parry (India) Limited Consolidated Financials excluding Coromandel EID Financial Performance FY’20 FY’21 FY’22 INR in Cr Revenue from Operations 3,996 4,383 4,419 EBIDTA 307 1,259 517 PBIT 145 1,016 356 PBT (51) 885 277 PAT (30) 691 243 EID Segment Revenue FY’20 FY’21 FY’22 Sugar 1,308 1,45
Slide 38: Consolidated External Borrowings Segment wise
E.I.D. - Parry (India) Limited Consolidated External Borrowings Segment wise INR in Cr Segment FY’18 FY’19 FY’20 FY’21 FY’22 Sugar 128 157 287 486 104 Refinery 717 1,311 1,187 203 647 Nutra 23 46 68 68 70 Others 873 655 731 39 - Total 1,741 2,169 2,273 796 821 Note: • Sugar - Long term loans to fund
Slide 39: Consolidated Capital Employed & ROCE Segment wise
E.I.D. - Parry (India) Limited Consolidated Capital Employed & ROCE Segment wise UOM Sugar Nutra Refinery Others Total Capital Employed INR in Cr 1,425 293 511 447 2,676 PBIT INR in Cr 117 (8) 36 211 356 ROCE % 8.21% (2.73)% 7.05% 47.20% 13.30% 38
Slide 40: Summary of FY'22
E.I.D. - Parry (India) Limited Summary of FY’22 • Reduced debt. Currently only working capital debt • Relocated plants to increase the capacity utilization • Significant investment in increasing distillery capacity • Higher retail mix with clearly laid out growth path • Capability to pass through di
Slide 41: Thank You
Thank You....
Slide 42: Glossary
E.I.D. - Parry (India) Limited Glossary ACRONYMS AP Andhra Pradesh Mn Million Cr Crore MSP Minimum Selling Price EBIT Earnings Before Interest & Tax MT Metric Tonne EBITDA Earnings Before Interest, Tax & Depreciation MW Mega Watt EBP Ethanol Blending Program PAT Profit After Tax FRP Fair & Remunerat
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