Associated Alcohols & Breweries Ltd. · NSE:ASALCBR
Associated Alcohols & Breweries — Q2 FY2024 Earnings Presentation
19 slides from Associated Alcohols & Breweries's earnings presentation, Nov 8, 2023
Slide 1: Regulation 30 filing cover letter
Registered I Corporate Office: 4th Floor, BPK Star Tower, A.B. Road, Indore - 452 008, (M.P.)India Contact No. +91 731 4780400/490 ASSOCIATED Associated Fax : +91 731 4780410 E-mail : info@aabl.in K E D IA G R OU P Dreams Determination Dexterity Alcohols & Breweries Ltd. CIN : L15520MP1989PLC049380
Slide 2: Earnings Presentation Q2/H1-FY24
ASSOCIATED ALCOHOLS & BREWERIES LIMITED E A R N I N G P R E S E N TAT I ON Q2/H1-FY24
Slide 3: Company Snapshot
Company Operational Snapshot Snapshot 3+ Decades Largest ENA manufacturing 32 of rich industry Single Location capacity is of Bottling domain experience integrated manufacturing 45 MLPA Lines Facility 12.5 Mn 6 Cases proprietary capacity brands Financial Snapshot FY23 Return Ratio Zero 5-year Revenu
Slide 4: Business Segments
Business Segments B2B Business (58% of Revenue*) Net Revenue From Operations (INR Mn) Merchant ENA Contract Manufacturing 23% 2% 7,008 5,126 By Products IMIL 4,358 6% 27% 3,266 B2C Business (42% of Revenue*) FY21 FY22 FY23 H1-FY24 IMFL Licensed (Proprietary Brands) Brands 16% 26% * As of H1-FY24 3
Slide 5: Products and Brands
Products and Brands Proprietary Brands James McGill Central Jamaican Bombay Special Superman Titanium Triple Apple & Orange Titanium Triple Whisky Province Whisky Magic Rum Series Series Distilled Vodka Distilled Vodka Licensed brands/ franchised brands Bagpiper Deluxe Blue Riband Flavored White Dir
Slide 6: Competitive Edge
Competitive Edge Superior Quality Co-generation power plant Multi Grain-based process manufacturer 60% of power coming from captive sources and expanding to further 100% Diversified Strategic Location Presence across alcohol value chain 125 acres land at Madhya Pradesh, is equidistant from all major
Slide 7: Financial Overview
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Slide 8: Q2/H1-FY24 Financial Highlights
Q2/H1-FY24 Financial Highlights Q2-FY24 Financial Performance H1-FY24 Financial Performance Operational Operational Net Profit Income Net Profit Income INR 135 Mn INR 3,266 Mn INR 258 Mn INR 1,703Mn EBITDA PAT Margin EBITDA PAT Margin INR 195 Mn 7.89 % INR 379 Mn 7.88 % EBITDA Margin Diluted EPS EBI
Slide 9: Q2-FY24 Segmental Highlights
Q2-FY24 Segmental Highlights Merchant ENA IMIL IMFL Proprietary IMFL Licensed REVENUE (INR Mn) 510 461 386 428 240 271 227 440 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Q2-FY23 Q2-FY24 Merchant ENA (MLPA) IMIL (Cases) IMFL Proprietary (Cases) IMFL Licensed (Cases) 394 VOLUME (‘000s) 7,330 1,31
Slide 10: H1-FY24 Segmental Highlights
H1-FY24 Segmental Highlights Merchant ENA IMIL IMFL Proprietary IMFL Licensed REVENUE (INR Mn) 1,196 548 778 921 869 538 519 768 H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23 H1-FY24 H1-FY23 H1-FY24 Merchant ENA (MLPA) IMIL (Cases) IMFL Proprietary (Cases) IMFL Licensed (Cases) 801 VOLUME (‘000s) 12,309 3
Slide 11: Operational Highlight & Outlook
Operational Highlight & Outlook The revenue for the quarter stood at INR 1,703 Mn, a growth of 16% from Q2 FY23 • This growth underscores the company's market strength and customer demand for its products • Successful market penetration in new regions and strategic expansion in existing areas were
Slide 12: Quarterly Financial Performance
Quarterly Financial Performance Particulars (INR Mn) Q2-FY24 Q2-FY23 Y-o-Y Q1-FY24 Q-o-Q Gross Revenues 1,711 1,467 16.6% 1,564 9.4% Excise duty 8 1 NA 1 NA Net Revenue from Operations 1,703 1,466 16.2% 1,563 9.0% Total Operating Expenses 1,508 1358 11.0% 1,378 9.4% EBITDA 195 108 80.6% 185 5.4% EBI
Slide 13: YTD Financial Performance
YTD Financial Performance Particulars (INR Mn) H1-FY24 H1-FY23 Y-o-Y Gross Revenues 3,275 3,310 (1.1)% Excise duty 9 1 NA Net Revenue from Operations 3,266 3,309 (1.3)% Total Operating Expenses 2,887 2,998 (3.7)% EBITDA 379 311 21.9% EBITDA Margins (%) 11.57% 9.40% 217 Bps Other Income 46 49 (6.1)%
Slide 14: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY21 FY22 FY23 H1-FY24 Gross Revenues 4,532 5,142 7,028 3,275 Excise duty 174 16 20 9 Net Revenue from Operations 4,358 5,126 7,008 3,266 Total Operating Expenses 3,463 4,304 6,384 2,887 EBITDA 895 822 624 379 EBITDA Margins (%) 20.54% 16.04% 8.90% 11
Slide 15: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY22 FY23 H1-FY24 Particulars (INR Mn) FY22 FY23 H1-FY24 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,116 1,055 1,046 Share Capital 181 181 181 Capital Work in progress 236 1,105 1,491 Other Equity 2,948 3,453 3,6
Slide 16: Financial Overview
Financial Overview Net Revenue Operations (INR Mn) EBITDA (INR Mn) & Margin (%) Net Profit (INR Mn) & Margin (%) 895 7,008 822 580 608 5,126 624 4,358 20.54% 416 3,266 16.04% 13.31% 11.86% 379 258 8.90% 5.94% 11.57% 7.88% FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24 EBITDA (I
Slide 17: Capital Market
Capital Market 20% 1 Year Share Price Performance (Up to 30th September, 2023) 10% 0% -10% -20% -30% -40% Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 AABL Sensex Price Data (As on 30th September, 2023) Shareholding Pattern (As on 30th September, 2023) Face Val
Slide 18: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 19: Thank You
Thank You ———
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