Slide 1: Q2FY20 Result Presentation | November 2019
Q2FY20 Result Presentation | November 2019
Slide 2: Globus Spirits Limited - Overview
Globus Spirits Limited - Overview Unique 360o business model only company with Fully Integrated Alcohol Play Modern and Largest grain based distilleries with track record of high capacity utilisation Continuous value addition by conversion of bulk to bottled products De-leveraging Balance Sheet Tota
Slide 3: Agenda
AGENDA Q2 FY20 Performance Performance Highlights 4 Financials 6 Financial Performance 9 Annexure Company Overview 13 Shareholding Pattern 22 3
Slide 4: Quarter Highlights
QUARTER HIGHLIGHTS 4
Slide 5: Q2FY20 – Performance Highlights (Standalone)
Q2FY20 – Performance Highlights (Standalone) • Total Income (net of excise duty) stood at Rs. 2,728 mn in Q2FY20, 21% growth against Rs. Q2FY20 Q2FY19 2,263 mn in Q2FY19 – Total Income grew on account of higher ENA volumes and realizations which grew by 6% and 27% YoY respectively Rs. 2,728 mn 21% R
Slide 6: Q2FY20 – Profit & Loss Statement (Standalone)
Q2FY20 – Profit & Loss Statement (Standalone) Particulars (In Rs MN) Q2 FY20 Q2 FY19 YoY (%) Q1 FY20 QoQ H1FY20 H1FY19 YoY FY19 Gross Revenues 2,963.0 2,491.5 19% 3,124.2 -5% 6,087.2 5,073.6 20% 10,734.7 Less- Excise duty 246.1 240.1 3% 168.0 47% 414.1 507.1 -18% 891.5 Net Revenues from Operations 2
Slide 7: Q2FY20 – Key Ratios (Standalone)
Q2FY20 – Key Ratios (Standalone) Key Ratios as a % of Total Income Q2 FY20 Q2 FY19 Q4 FY19 H1FY20 H1FY19 FY19 EBITDA 12.0% 9.1% 10.2% 11.0% 10.4% 10.3% PAT 5.0% 1.2% 3.2% 4.1% 2.3% 3.1% Total Expenditure 88.0% 90.9% 89.8% 89.0% 89.6% 89.7% Raw material 58.8% 59.6% 62.9% 60.9% 59.2% 60.7% Employee Co
Slide 8: Balance Sheet as on 30th September 2019 (Standalone)
Balance Sheet as on 30th September 2019 (Standalone) Rs. in Mn Sep-19 Mar-19 Rs. in Mn Sep-19 Mar-19 Non-current assets 6,474.8 6,387.5 Shareholder’s Fund 4,331.3 4,100.1 Fixed assets 5783.3 5736.4 Share capital 288.0 288.0 CWIP 144.1 117.6 Other equity 4,043.3 3,812.1 Intangible assets under develo
Slide 9: Segmental Performance
Segmental Performance Breakup of Revenue from Operations (Net) Bulk Alcohol, 46.8% • Revenues from manufacturing business stood at Rs. 1,688 mn in Q2 FY20, against Rs. 1,266 mn in Q2 FY19 Q2FY20 Franchisee IMFL – Share of manufacturing business stood at 62% in Q2 IMIL, 2.1% 37.9% FY20 against 56% in
Slide 10: IMIL – Strong Consumer Business
IMIL – Strong Consumer Business Rajasthan IMIL Haryana IMIL Delhi IMIL West Bengal IMIL 2.25 0.18 59.00 0.25 2.18 0.18 58.00 0.20 57.00 0.05 56.00 0.15 0.32 0.30 0.03 55.00 0.10 54.00 8.3 16.1 57.9 54.6 0.05 821.0 866.6 97.9 92.8 53.00 52.00 0.00 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY
Slide 11: Manufacturing – Robust Performance
Manufacturing – Robust Performance • Capacity utilization stood at 86.7% in Q2 FY20 against 91.0% in Q2 FY19 Production & Capacity Utilization 91.0% 86.7% • H1FY20 - Total capacity increased to 160 mn bulk liters on 20.00 100% account of De-bottlenecking at Rajasthan 21.8 34.9 10.00 50% - 0% Q2FY19
Slide 12: Company Overview
COMPANY OVERVIEW 12
Slide 13: Leveraging a Strong 360o Business Model
Leveraging a Strong 360o Business Model • Large, efficient manufacturing operations – Amongst the largest and most efficient grain- based distillery operations in India with ~160 million bulk litres of distillery capacity – Present in DDGS – a high-potential co-product used as Animal Feed – Well pla
Slide 14: GSL – Geographical Presence
GSL – Geographical Presence • No. 1 private player in Rajasthan IMIL with 29% market share – 2.18 mn cases sold in Q2FY20 • No. 4 private player in Haryana with 8% market share – 0.30 mn cases in sold in Q2 FY20 • 1% Market share in West Bengal – 0.18 mn cases sold in Q2 FY20 Own Distillery States w
Slide 15: Growth Strategy
Growth Strategy Annual • Bihar & Rajasthan capacity to drive volume FY18 Production post Location Production Capacity growth (Mn Liters) Stabilization and De-bottlenecking Total 114 153 (95%) Average Realizations (Per Litre) • 'Leverage ethanol opportunity to enhance capacity utilization and improve
Slide 16: Unique Competitive Strengths
Unique Competitive Strengths 360° Business Model Efficient Operations • Only company present across full alcobev value chain • State-of-the-art plants across three locations using latest distillation • Helps capture IMFL growth via franchisee technology, zero discharge and highest bottling for top I
Slide 17: Foray towards Premium IMFL – “UNIBEV”
Foray towards Premium IMFL – “UNIBEV” 90% 10% Globus Spirits Limited Mr. Vijay Rekhi •Unique business model – integrated •Beverage alcohol industry veteran spirits play •Steered USL to global volume leadership •Strong governance and financials •Keeper of Quaich, most admirable CEO •Bold business phi
Slide 18: Product Offerings
Product Offerings Unibev has come out with disruptive & exclusive USP with value proposition Crafted a range of premium and super premium whiskies blended with Upto12, 18 years old scotch & a 3 years old French blended grape brandy For the first time, discerning consumers in India will get palate ex
Slide 19: Focus on Expanding Foot Prints
Focus on Expanding Foot Prints Expanding Geographic Footprints will Create Availability to larger consumer base Increase presence to 12-15 Sates by end of FY20
Slide 20: Current Brand Portfolio
Current Brand Portfolio Globus Spirits Limited (IMIL) UNIBEV (IMFL) 20
Slide 21: UNIBEV Developments
UNIBEV Developments • UNIBEV recently entered Maharashtra and Odisha; Geographical Presence expanded to 8 States – Entered Odisha in August 2019 and Maharashtra in September 2019 • Promotional Events participated for brand recognition 21
Slide 22: Shareholding Pattern
Shareholding Pattern Corporate Bodies, Individuals & Others 27% Promoter Group 56% FIIs 17% As on June 30, 2019 Outstanding shares – 28.8 mn Major Non-Promoter Shareholders % shareholding Name % Share Templeton Strategic Emerging Markets Fund IV, LDC 17.49% 22
Slide 23: About Us
About Us Established in 1992, Globus Sprits Limited (BSE code: 533104, NSE Id: GLOBUSSPR, ISIN Id:INE615I01010) is engaged in manufacturing, marketing and sale of Indian Made Indian Liquor(IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands. The C