Chaman Lal Setia Exports Limited · NSE:CLSEL
Chaman Lal Setia Exports — Q2 & H1 FY24 Earnings Presentation
22 slides from Chaman Lal Setia Exports's earnings presentation, Nov 2, 2023
Slide 1: Cover letter to BSE and NSE
02.11.2023 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 Stock Code – 530307 Stock Code
Slide 2: Investor Presentation Q2 & H1 FY24
Investor Presentation QUEEN OF ALL RICES Q2 & H1 FY24
Slide 3: 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 4: Q2 FY24 Highlights: Stellar performance continues
Q2 FY24 Highlights: Stellar performance continues... . Revenue (Rs. Cr) Export Revenue (Rs. Cr) +16% YoY +20% YoY ❑ Q2 FY24 performance remains resilient, with revenue up 16% 267 YoY and EBITDA up 37% YoY 309 266 222 ❑ Exports up by 20% YoY, with Q2FY23 Q2FY24 Q2FY23 Q2FY24 increased penetration in
Slide 5: H1 FY24 Highlights: Profits up despite cyclone disruptions
H1 FY24 Highlights: Profits up, despite cyclone led disruptions in previous quarter Revenue (Rs. Cr) EBITDA (Rs. Cr & Margin %) PAT (Rs. Cr & Margin %) Cash Flow from Ops (Rs. Cr) -15% YoY 100.0 95. 0 +26% YoY 15. 0% 14. 0% 80 +26% YoY 12. 0% 300 11. 0% 90. 0 13.0% 13. 0% 70 85. 0 10. 0% 250 9.4% 80
Slide 6: Business Highlights: Government relaxation on minimum export price
Business Highlights: Government relaxation on minimum export price positive for basmati exporters Key Business Highlights ❑ During Q2 FY24, export volumes (excluding China) up 30% YoY and 14% QoQ to 28,776 MT ❑ On Aug 25, 2023, the Government of India imposed restrictions on exports of basmati rice
Slide 7: India's Basmati rice exports opportunity
India’s Basmati rice exports opportunity Indian Basmati Rice Exports (Quantity and Value)* Industry Highlights 7,0 00 45, 000 38,524 32,804 40, 000 6,0 00 31,026 29,850 ❑ India is one of the largest producer of Basmati rice, 35, 000 5,0 00 26,417 30, 000 18,310 with balance quantities from Pakistan
Slide 8: CLSEL is amongst the leading exporters of basmati rice from India
CLSEL is amongst the leading exporters of basmati rice from India With over 4 decades of experience in Rice Exports, CLSEL is rightly poised to benefit from the export opportunity 440+ distributors Exports Exporting since Flagship brand Exports insured Recognized as with average contributes 1982; Es
Slide 9: About the Company
About the Company
Slide 10: 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 48% Export House Shareholders CAGR return in last 10 years 18% 80,000 MT 660 MT/ 440+ (Last 10 Years Warehouse Distributors CAGR Sales Capacity Day Proces
Slide 11: 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 12: Integrated farm-to-fork operations
Integrated farm-to-fork operations Procurement Processing Quality check Packaging & Distribution Warehousing Established network State-of the-art processing Stringent quality control Exports to 90+ countries across all mandis in facilities in Haryana & systems to ensure superior Packaging capacity r
Slide 13: Robust processing & warehousing infrastructure
Robust processing & warehousing infrastructure Our infrastructure 100% of products manufactured locally Silos Capacity 18,750 MT Karnal Gandhidham Sales – 93% Sales – 7% Manufacturing, processing and 12 Sortex Processing and packaging packaging 660 MT/day Our Facilities Conform to World-Class Standa
Slide 14: Wide portfolio of branded basmati rice
Wide portfolio of branded basmati rice 13
Slide 15: Marketing Campaigns across the globe
Marketing Campaigns across the globe Gulfood Dubai 2023 Indusfood 2023 Agro Pack Iraq Erbil 2022 WorldFood Istanbul-2022 14
Slide 16: Robust Financial Performance over the years
Robust Financial Performance over the years Revenue (Rs. Cr) EBITDA (Rs. Cr & Margin %) PAT (Rs. Cr & Margin %) 200 9.6% 11% CAGR 16% 13.8% 8.5% 10% 180 10.2% 11.5% 9% 9.9% 160 7.0% 200 14% 8.2% 6.6% 13% 8% 12% 180 140 11% 10% 7% 160 9% 120 8% 4.5% 7% 140 6% 1,387 6% 100 5% 120 4% 5% 3% 80 159 100 2
Slide 17: Prudent inventory management, leading to superior cash conversion cycle
Prudent inventory management, leading to superior cash conversion cycle Asset Light model with lower inventory risk Working Capital Cycle 174 204 Paddy to FG Semi-finished to FG 70 91 61 166 86 200 220 200 180 160 140 120 100 80 190 60 40 20 0 -20 -40 -60 -80 -100 157 180 -120 -140 -160 139 -180 -20
Slide 18: Long track record of shareholder value creation
Long track record of shareholder value creation Shareholding Pattern as of September 30, 2023* Shareholder Information as on September 30, 2023 #397 of 500 24.01% Fortune India The Next 500 companies 1.72% of 2023 73.89% 530307 CLSEL 2214 0.38% BSE Ticker NSE Symbol 48% Total shareholder return CAGR
Slide 19: Investment Summary
Investment Summary Long-track record of Huge Basmati rice export opportunity shareholder value creation 6 1 Asset light business model, Amongst the leading with prudent inventory 5 2 exporter of basmati rice from management India, exporting to 90+ countries 4 3 Robust financial performance, Strong p
Slide 20: Financial Summary – Profit and Loss Statement
Financial Summary – Profit and Loss Statement Quarter Ended Half Year Ended Profit and Loss Statement (Rs. Cr.) Change Change Q2 FY24 Q2 FY23 H1 FY24 H1 FY23 YoY % YoY % Revenue from operations 308.7 266.5 16% 572.0 676.3 -15% Other Income 2.4 2.6 -9% 3.8 2.7 41% Total Income 311.1 269.1 16% 575.8 6
Slide 21: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet Equity and Liabilities Sep-23 Mar-23 Assets Sep-23 Mar-23 Equity Share capital 10.3 10.3 Non-current assets Other Equity 645.8 598.1 a) Property, plant and equipment 141.7 132.8 Total Equity 656.1 608.5 b) Capital work in progress 1.7 8.8 Non-current liabilities c)
Slide 22: Thank You
Thank You Registered Office : Investor Relations: Meerankot Road, P. O. Central Jail, Ms. Kanika Nevtia Ajnala Road, Company Secretary Amritsar – 143002 India Mobile: +91 9998680150 CIN No.: L51909PB1994PLC015083 Email: ir.chamanlalsetia@clsel.in
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