Som Distilleries & Breweries Ltd. · NSE:SDBL
Som Distilleries & Breweries — Q1 FY2024 Earnings Presentation
22 slides from Som Distilleries & Breweries's earnings presentation, Aug 2, 2023
Slide 1: Exchange filing cover letter for investor presentation
SOM DISTILLERIES AND BREWERIES LIMITED Registered Office: I-A, Zee Plaza, Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi - 110029 Phone: +91-11-26169909, 26169712 Fax: +91-11-26195897 Corporate Office: SOM House, 23, Zone II, M.P. Nagar, Bhopal, Madhya Pradesh – 462011 Phone: +91-755-
Slide 2: Earnings Presentation Q1 FY2024
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL) Earnings Presentation Q1 FY2024
Slide 3: Q1 FY2024 Earnings Conference Call
Q1 FY2024 Earnings Conference Call Conference Call Details: Tuesday, 02nd August 2023 at 4:00 PM IST Diamond Pass Link Primary Number +91 22 6280 1527 / +91 22 7115 8322 The number listed above is universally accessible from all networks and all countries. USA: 1 866 746 2133 UK: 08 081 011573 Toll
Slide 4: Company Profile
Company Profile
Slide 5: SOM Distilleries: The only listed Beer and IMFL company in India
SOM Distilleries: The only listed Beer and IMFL company in India Business Overview Beer Brands • SOM Distilleries & Breweries Limited (SDBL) is based in Bhopal and is one of the leading alcoholic beverages manufacturers in India • SDBL is primarily engaged in production of beer and blending and bott
Slide 6: Investment Case
Investment Case Millionaire • Only listed company in India having both Beer and IMFL, which complement each Brands other and reduces the risk of seasonality while providing marketing efficiencies • Strong portfolio of brands including millionaire brands, Hunter, Black Fort and Power Cool • Continuou
Slide 7: Q1 FY2024 Performance
Q1 FY2024 Performance
Slide 8: Q1 FY2024 Financial Highlights
Q1 FY2024 Financial Highlights Key Highlights: Q1 FY2024 vs Q1 FY2023 Beer Sales Volume IMFL Volume Net Debt / EBITDA 65.8 Lakh Cases 2.2 Lakhs Cases 3.0x +39.2 % +17.4 % +36.1 % Total Income EBITDA PAT Rs. 3,866 mn Rs. 501 mn Rs. 337 mn +51.0 % +39.7 % +31.2 % 7
Slide 9: Performance Discussion
Performance Discussion Operational efficiencies leading to better cost management • Recorded beer volume of 65.8 lakh cases (39.2% y-o-y) • Recorded IMFL volume of 2.2 lakh cases (17.4% y-o-y) Volume and Sales • Beer revenue of Rs. 3,680 million; over 53.7% of Q1 FY23 • Our mainline brands; Hunter,
Slide 10: Management Commentary
Management Commentary We are pleased to announce that we have started fiscal 2024 on a strong note, delivering a strong performance in the first quarter. Despite facing inflationary pressures, our strategic focus on revenue growth and operational efficiency has yielded robust results, driving sustai
Slide 11: Q1 FY2024 Financial Highlights
Q1 FY2024 Financial Highlights
Slide 12: Performance Highlights
Performance Highlights Q1 Y-o-Y 12M Y-o-Y (Rs. Million) FY2024 FY2023 Growth (%) FY2023 FY2022 Growth (%) Total Income 3,866 2,561 51.0% 8,080 3,655 121.1% Gross Profit 1,397 1,116 25.1% 3,227 1,581 104.2% Margin (%) 36.1% 43.6% 39.9% 43.3% EBITDA 501 359 39.7% 1,034 196 nm Margin (%) 13.0% 14.0% 12
Slide 13: Leverage Profile
Leverage Profile June 30 Mar 31 (Rs. Million) 2023 2023 Secured 1,050 1,330 Borrowings Unsecured • Gross Debt significantly decreased by Rs. 900 1,092 472 million, showcasing the company's Borrowings efforts to reduce its debt burden Gross Debt-Consolidated 1,950 2,422 • Net Debt witnessed a substan
Slide 14: Key developments for Q1 FY24
Key developments for Q1 FY24 • Strengthening position as the dominant leader in Madhya Pradesh with the biggest market share of nearly 46% in June 2023 compared to May 2023, which was 42% • Market share in Karnataka reached 20% in May 2023, compared to 3% in FY19-20, highlight our effective Gaining
Slide 15: Operational Highlights
Operational Highlights
Slide 16: Volume Summary
Volume Summary Q1 Y-o-Y 12M Y-o-Y Lakh cases Growth Growth FY2024 FY2023 FY2023 FY2022 (%) (%) • Hunter beer showed a sustained y-o-y growth, affirming its popularity in the market Hunter 21.4 20.0 7.0% 49.4 24.8 99.5% • Black Fort beer saw a surge in demand, with Black Fort 14.0 7.2 95.2% 19.9 12.0
Slide 17: Millionaire Beer Brands – Volume Consolidation
Millionaire Beer Brands – Volume Consolidation 20.0 21.4 14.8 9.0 5.6 Quantity Sold (in lakh cases) Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2023 Q1 FY2024 14.0 7.2 5.7 3.4 3.6 Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2023 Q1 FY2024 29.3 26.1 19.4 17.0 16.0 Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2023 Q1 FY2024 16
Slide 18: Sustainability
Sustainability
Slide 19: Environment: Committed to minimizing environmental impact
Environment: Committed to minimizing environmental impact across the full range of our operations Environmental Reporting: We recognize that we are operating in a world where many natural resources that our business relies on, such as fossil fuels and water, are limited. We are committed to: • Worki
Slide 20: Social: Actively contributing to the community
Social: Actively contributing to the social, economic and environmental development of the community in which we operates Product Quality • Providing the best quality products and services to its consumers. SOM provides high-quality product assurance by - o Maintaining international standards and sp
Slide 21: Governance: Profitability must go hand in hand with responsibility
Governance: With strong sense of values and commitment, we believe that profitability must go hand in hand with a responsibility Experienced and Skilled Board of Directors • Optimal blend of Executive and Non-Executive Directors with an appropriate balance of skills, experience, diversity and indepe
Slide 22: SOM Distilleries & Breweries Limited
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL) (CIN: L74899DL1993PLC052787) Registered Office: Corporate Office: Zee Plaza, 1 - A SOM HOUSE Kamal Cinema Road 23, Zone II Arjun Nagar Maharana Pratap Nagar, Safdarjung Enclave Bhopal 462011 New Delhi 110029 Ph.: +91 755 427 8827 Nakul Se
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