Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q2 FY25 Earnings Presentation
32 slides from Dwarikesh Sugar Industries's earnings presentation, Oct 28, 2024
Slide 1: Regulation 30 Investor Presentation Cover Letter
DWARIKESH SUGAR INDUSTRIES LIMITED Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax: 2204 7288 E Mail: dsilbom@dwarikesh.com Website: www.dwarikesh.com, CIN: L15421UP1993PLC018642 REF: DSIL/2024-25/201 October 28, 2024 Corporate Relationship Dep
Slide 2: Investor Presentation Q2 & H1 FY25 Results
Investor Presentation Company Performance Date Q2 & H1 FY25 Results 28 October 2024
Slide 3: Safe harbor statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dwarikesh Sugar Industries Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Earnings Call
You are cordially invited to Q2 and H1 FY25 earnings conference call of Dwarikesh Sugar Industries Limited on Tuesday, 29th October 2024 at 2.00 PM Represented By Mr. Vijay S Banka - Managing Director Mr. B J Maheshwari - Managing Director & Company secretary cum CCO Ms. Priyanka Morarka - President
Slide 5: Table of contents
Table of • Sector outlook ... 5 contents • Business overview ... 7 • Financial performance ... 12 • Operation trends ... 18 • Pictures of our facilities ... 25
Slide 6: Sector outlook
S&P Global Commodity Insights reports that the supply and demand surplus for 2023-24 has decreased to 4.46 MMT, while the estimated surplus for 2024-25 has fallen to 3.06 MMT. In Brazil, the Center-South (CS) region experienced the largest production cut for 2023-24. S&P has also downgraded produc
Slide 7: Sector outlook
As of September 30, 2024, India achieved a blending ratio of 13.8% during the Ethanol Supply Year (ESY) 2024. Of the total 733 crore liters contracted for blending, 585 crore liters have been supplied. The 13.8% blending target was met through the use of 607 crore liters of ethanol. Out of the 585
Slide 8: Business overview
Business overview A brief run through
Slide 9: At a glance
At a glance • All 3 Plants located in UP-India’s largest sugar producing state. • 2 Plants located in Bijnor District– a District with focused concentration on cane production on highly fertile & well-irrigated land. • Plant at Bareilly – the low-lying Ganges plains district with fertile alluvial so
Slide 10: Operations Overview
Operations Overview Farmers Molasses (nearly 1.54 lakhs) (External Sales) Industrial Alcohol (162.5 KLPD at Cane Development Sugarcane Molasses Distillery Dwarikesh Nagar & & Marketing 175 KLPD at Dwarikesh Dham) Clarification Dwarikesh Sugar Crushing Sugar Sugarcane Juice Evaporation Industries Ltd
Slide 11: Management
G R Morarka Vijay S Banka B J Maheshwari • Founder and Promoter • Executive Chairman • Managing Director • Managing Director, • Commerce graduate & • Chartered Accountant Company Secretary ICWA Inter • Associated with the cum Chief Compliance • Received ‘Indira Gandhi company Officer Priyadarshini A
Slide 12: Key Milestones
Key Milestones Set up DN Distillery with 30,000 LPD capacity; Debottlenecking of 100 KLPD Commissioned Dwarikesh Puram Commencement of DN Distillery by Distillery capacity DN Crushing capacity (DP) plant with crushing capacity surplus power commissioning expansion project reached 6,500 TCD; of 7,500
Slide 13: Financial performance
Financial performance Q2 & H1 FY25
Slide 14: Performance Highlight
PERFORMANCE HIGHLIGHT In INR million Q2FY25 H1FY25 Q2FY24 H1FY24 FY24 Total Income 2,480.1 5,898.6 4,486.8 10,202.2 17,212.4 EBIDTA -210.7 -181.8 319 1,092.9 2,166.2 PAT -240 -337.2 102.6 508.8 835.2 In INR Q2FY25 H1FY25 Q2FY24 H1FY24 FY24 EPS -1.29 -1.82 0.55 2.7 4.44 Financial performance Investor
Slide 15: Quarterly trends
Quarterly trends Revenue from Operations (Million) EBITDA (Million) PAT (Million) Average Domestic Sugar Realization EBITDA Margin INR/Quintal PAT Margin 3766.6 7.2% 2.3% 3695.7 4455.0 2460.6 319.0 102.6 Q2FY24 Q2FY25 Q2FY24 Q2FY25 Q2FY24 Q2FY25 -210.7 -240.0 -8.6% PAT Margin is PAT / Revenue from o
Slide 16: Half yearly trends
Half yearly trends Revenue from Operations - External (INR Million) PAT (Million) EBITDA (INR Million) PAT Margin EBITDA Margin 10.7% 5.0% 1092.9 508.5 10167.1 5873.1 -337.2 -181.8 H1FY24 H1FY25 H1FY24 H1FY25 -3.1% PAT Margin is PAT / Revenue from operations -5.7% EBITDA Margin is EBITDA / Revenue f
Slide 17: Financials - Summary
FINANCIALS - SUMMARY In INR million Q2 FY25 H1 FY25 Q2 FY24 H1 FY24 FY24 REMARKS INCOME Lower during the Q2 & H1 FY25 on account of Revenue from operations 2,460.6 5,873.1 4,455.0 10,167.1 17,095.7 lesser volume of sugar & ethanol sold. Other income 19.4 25.5 31.8 35.1 116.7 -- Total Revenue 2,480.0
Slide 18: Financials - Summary (continued)
FINANCIALS - SUMMARY (continued) In INR million Q2 FY25 H1 FY25 Q2 FY24 H1 FY24 FY24 REMARKS Depreciation and amortization 123.2 246.3 134.7 262.7 525.0 expense Other expenses have seen a reduction, aligning with the scale of the company’s operations during the Other expense 253.9 502.5 363.9 694.5
Slide 19: Operational trends
Operational trends
Slide 20: Sugar business - Quarterly snapshot
Sugar business - Quarterly snapshot Sugar Sold ('000 Quintal) Revenue from Operations (INR Million) EBITDA (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA Margin 3766.6 3695.7 -4.2% -6.5% 719.0 597.0 3507 2284.3 Q2FY24 Q2FY25 -146.4 -147.7 EBITDA Margin is EBITDA / Revenue from o
Slide 21: Sugar business – Half-yearly snapshot
Sugar business – Half-yearly snapshot Sugar Sold ('000 Quintals) Revenue from Operations - (INR Million) EBITDA (INR Million) Average Domestic Sugar Realization(INR/Quintal) EBITDA Margin 3801.7 1.8% 3645.4 152.5 -3.9% 1689.3 1272.2 8440.6 5036.1 -195.8 H1FY24 H1FY25 H1FY24 H1FY25 EBITDA Margin is E
Slide 22: Cogeneration data
Cogeneration data Power Generated (Mn Unit) Power Exported (Mn Unit) Average Realization (INR/Unit) 3.5 SNAPSHOT Due to early closure of season, there was virtually no power revenue during H1 FY25 whereas revenue of INR 32.5 112 million was generated from evacuation & sale of 3.4 power during the co
Slide 23: Distillery quarterly snapshot
Distillery quarterly snapshot In Q2 FY25, ethanol production / sales faced challenges, as DN distillery operations ceased on May 25, 2024, and DD distillery operations ended on June 19, 2024, due to a lack of feedstock. Consequently, there was no ethanol production in Q2 FY25. This is as compared to
Slide 24: Distillery half-yearly snapshot
Distillery half-yearly snapshot During H1 FY25, a total of 98.07 lakh liters of ethanol was produced across both distilleries. This contrasts with the previous year, where production of 592.28 lakh liters was clocked during H1 FY24. The sales volume and revenue during H1 FY25 also dropped by 74% as
Slide 25: Outlook
Outlook To address the challenges faced during the 2023-24 sugar season (SS), our company has taken proactive measures. We have significantly ramped up efforts to phase out the Co 0238 variety, actively encouraging farmers to transition to newer, more resilient alternatives. There are optimistic e
Slide 26: Pictures of our facilities
Pictures of our facilities
Slide 27: Dwarikesh Nagar unit (Bijnor district)
Dwarikesh Nagar unit (Bijnor district)
Slide 28: Dwarikesh Puram unit (Bijnor district)
Dwarikesh Puram unit (Bijnor district)
Slide 29: Dwarikesh Dham unit (Bareilly district)
Dwarikesh Dham unit (Bareilly district)
Slide 30: Dwarikesh Nagar distillery (Bijnor district)
Dwarikesh Nagar distillery (Bijnor district)
Slide 31: Dwarikesh Dham distillery (Bareilly district)
Dwarikesh Dham distillery (Bareilly district)
Slide 32: Thank You
Thank You Vijay S. Banka Poonam Saney Rohan Vora Managing Director (DSIL) Adfactors PR Pvt. Ltd. Adfactors PR Pvt. Ltd. Email: vsbanka@dwarikesh.com Email: poonam.saney@adfactorspr.com Email: rohan.vora@adfactorspr.com
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