Chaman Lal Setia Exports Limited · NSE:CLSEL
Chaman Lal Setia Exports — Q1 FY24 Earnings Presentation
35 slides from Chaman Lal Setia Exports's earnings presentation, Aug 9, 2023
Slide 1: Exchange filing cover letter
09.08.2023 To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: - 530307 Symbol: -
Slide 2: Investor Presentation Q1 FY24
Investor Presentation QUEEN OF ALL RICES Q1 FY24
Slide 3: Index
Index CLSEL at a Glance Management Commentary Financial Highlights Business Highlights Key Strategic Pillars Investment Highlights Management Annexures 2
Slide 4: Disclaimer
Disclaimer Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substan
Slide 5: CLSEL at a Glance
CLSEL at a Glance Largest Flagship Brand Private Label Exporter Since 1974 300+ Exports to 90+ Private Label (~50 Years ) Brands Countries 3 star 44% Export House Shareholders CAGR return in last 10 years 16% 80,000 MT 660 MT/ 440+ (Last 10 Years Warehouse Distributors CAGR Sales Capacity Day Proces
Slide 6: Journey So Far
Journey So Far CLSEL In-house Brand Second Third Factory Public Listing Diabetic Friendly New Packaging Globetrotters Founded Launch Factory Company became Rice Unit Exported to 89 Established in The company Maharani Basmati Established in public and was listed Certified for “Rice Set up new countri
Slide 7: Management’s Commentary
Management’s Commentary Rajeev Setia Joint MD & CFO We are delighted to start this year with healthy margins profile. With sustained momentum and focus towards our execution excellence, our EBITDA margin grew by healthy 664 bps YoY to 14.7%, while PAT margin was up by 500 bps YoY to 10.4% in Q1FY24.
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Q1FY24 Financial Highlights
Q1FY24 Financial Highlights Strong Margins Profile with 14.7% EBITDA Margin & 10.4% PAT Margin EBITDA Rs. 38.7 Cr. Revenue Rs. 263.4 Cr. PAT Rs. 27.5 Cr. -36%* 17%* 23%* 25.3% 14.7% Gross Margin at EBITDA Margin at (up by 285 bps YoY ) (up by 664 bps YoY) *YoY Change 8
Slide 10: Financial Performance: Annual Trend
Financial Performance: Annual Trend Revenue (Rs. Cr) Gross Profit (Rs. Cr) & Gross Margin (%) EBITDA (Rs. Cr) & EBITDA Margin (%) CAGR 22% 13.8% 30.9% 29.9% 11.5% 25.6% 9.9% 10.2% 400 35% 200 14% 22.9% 23.7% 34% 33% 8.2% 13% 32% 31% 12% 30% 180 29% 350 28% 11% 27% 26% 10% 25% 24% 160 9% 23% 22% 300
Slide 11: Financial Performance: Quarterly Trend
Financial Performance: Quarterly Trend Revenue (Rs. Cr) EBITDA (Rs. Cr) & EBITDA Margin (%) 60 14.5% 13.6% 14.7% 16% 14% 9.8% 50 12% 40 8.0% 10% 410 51 30 8% 357 354 49 39 266 6% 263 33 20 26 4% 10 2% 0 0% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Earnings Per Share (Rs.)
Slide 12: Superior cash conversion cycle
Superior cash conversion cycle Working Capital Cycle Procurement of Paddy starts in Q3-Q4; this results in an increase 30% 115 in inventory from Q3-Q4 102 100 70% 88 89 78 42 47 46 50 40 36 18 18 15 8 9 6 Inventory days and receivable days remained Paddy to FG H1FY21 H2FY21 H1FY22 H2FY22 H1FY23 H2FY
Slide 13: Industry Highlights
Industry Highlights
Slide 14: Indian Basmati rice industry
Indian Basmati rice industry Indian Basmati Rice Exports (Quantity and Value)* Basmati rice is majorly produced in India, with balance quantity from Pakistan. 38,524 Indian Basmati rice has got Geographic Indication (GI) recognition. 32,804 8,000 40,000 31,026 Thousands 29,850 26,417 7,000 35,000 6,
Slide 15: Company Highlights
Company Highlights
Slide 16: Quarter at a glance
Quarter at a glance Key Highlights ❑ For Q1FY24, the export volume declined by 30% QoQ and export sales declined by 25% QoQ to Rs. 234.8 Cr. due to weather disruption in Gujarat ❑ Average export realization grew by 6% on a QoQ basis ❑ Freight expenses have reduced significantly during the year, supp
Slide 17: CLSEL: Company Snapshot
CLSEL: Company Snapshot ➢ Key player in Basmati rice industry ➢ Exports to more than 90 countries, contribute ~88% to Exports in Maharani to revenues for fiscal year 2023; increased presence in 90+ Countries 38 Countries Yemen, Israel, Mauritius, Egypt and Canada ➢ Our flagship brand “Maharani” is e
Slide 18: India’s leading private label rice exporter
India’s leading private label rice exporter Over 4 decades of experience in rice export business Exporting since Flagship brand 440+ distributors Exports Entire exports is Recognized as a Exports to 90+ 1982; Established ‘Maharani’ has with average contributed insured through 3 Star Export countries
Slide 19: Strategic Pillars
Strategic Pillars
Slide 20: Our sustainable business model
Our sustainable business model Procurement Processing Quality check Distribution Packaging & Established procurement State-of the-art processing Stringent quality control Exporting to over 90 Warehousing network across all mandis facilities in Karnal, Haryana systems to ensure countries presently th
Slide 21: Facilities in proximity to paddy procurement regions
Facilities in proximity to paddy procurement regions Karnal facility is nested favorably near the paddy State of the art processing facility in Karnal, Karnal is the hub for agricultural research growing areas, providing access to superior raw Haryana using latest aerodynamics and Sortex institutes
Slide 22: Integrated manufacturing operations
Integrated manufacturing operations Our manufacturing process Steaming / Parboiling Grading Packaging Procurement Polishing Sortex Dispatch 100% of products manufactured locally Organic BRC [British US FDA ISO 22000:2018 products Retails USDA Karnal standards Consortium] Sales – 93% Manufacturing, p
Slide 23: Wide Product Portfolio
fc » Wide Product Portfolio CHARAAN LAL SETIA EXPORTS LTD
Slide 24: Marketing Campaigns
Marketing Campaigns Gulfood Dubai 2023 Indusfood 2023 Agro Pack Iraq Erbil 2022 WorldFood Istanbul-2022 23
Slide 25: Investment Rationale
Investment Rationale 24
Slide 26: Key highlights
Key highlights Sustained cash surplus; robust Basmati rice industry opportunity financial performance; shareholder value creation 06 01 Asset light model with prudent Largest private label inventory management 05 02 exporter of India 04 03 Robust financial profile Strong processing and warehousing (
Slide 27: Our Strategic Approach
Our Strategic Approach Quality Assurance Market diversification Operational efficiency At Chaman Lal Setia Exports To proactively manage risk and Elevating operational efficiency Limited, paramount importance is capitalize on opportunities, our remains a strategic priority for our given to maintaini
Slide 28: Sustained improvement in credit rating
Sustained improvement in credit rating Credit Rating: CRISIL A/Stable Dun & Bradsheet Rating • This rating reflects adequate degree of safety regarding D&B rating of “4A3” with outlook “Positive” timely servicing of financial obligations. Such D&B Indicative Risk Rating of ‘4A’ implies that the inst
Slide 29: Shareholder value creation
Shareholder value creation Shareholding Pattern as of June 30, 2023* Shareholder Information as on June 30, 2023 #397 of 500 24.26% Fortune India The Next 500 companies of 2023 1.86% 73.89% 530307 CLSEL 2214 BSE Ticker NSE Symbol 44% Total shareholder return CAGR Promoters FII Others Food 891 over l
Slide 30: Experienced Management
Experienced Management
Slide 31: Key management team
Key management team Mr. Vijay Setia Chairman & Mr. Rajeev Setia Managing Director Joint Managing Director & CFO Former All India Rice Exporters Association President Mr. Ankit Setia Mr. Sankesh Setia Mrs. Shweta Setia Executive Director Executive Director Executive Director 30
Slide 32: Annexures
Annexures
Slide 33: Financial Summary – Profit and Loss Statement
Financial Summary – Profit and Loss Statement Year Ended Quarter Ended Profit and Loss Statement Growth (Rs. Cr.) Q1 Q4 Q1 FY23 FY22 YoY % FY24 FY23 FY23 1,387.3 932.5 49% Revenue from operations 263.4 357.2 409.8 11.5 3.9 197% Other Income 1.4 6.8 0.1 1,398.8 936.4 49% Total Income 264.8 363.9 409.
Slide 34: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet Equity and Liabilities Mar-23 Mar-22 Assets Mar-23 Mar-22 Equity Share capital 10.3 10.3 Non-current assets Other Equity 598.1 399.2 a) Property, plant and equipment 132.8 52.3 Total Equity 608.5 409.6 b) Capital work in progress 8.8 6.2 Non-current liabilities c) O
Slide 35: Thank you
Thank you Registered Office : Investor Contact: Meerankot Road, P. O. Central Jail, Ajnala Ms. Kanika Nevtia Road, Company Secretary Amritsar – 143002 India Mobile: +91 9998680150 CIN No.: L51909PB1994PLC015083 Email: ir.chamanlalsetia@clsel.in
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