Balrampur Chini Mills Ltd · NSE:BALRAMCHIN

Balrampur Chini Mills — H1 FY2015 Earnings Presentation

16 slides from Balrampur Chini Mills's earnings presentation, Nov 7, 2014

  1. Slide 1: Q2 & H1 FY2015 Results Presentation

    BALRAMPUR CHINI MILLS LIMITED Q2 & H1 FY2015 RESULTS PRESENTATION NOV 07, 2014

  2. Slide 2: Contents

    Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 8 Financial Overview 9 Segmental Overview 10 2

  3. Slide 3: Company Highlights

    Sugarcane crushing capacity at 79,000 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 148.2 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India that Maximization stabilizes revenue streams along with providing a hedge agai

  4. Slide 4: Q2 FY2015 highlights v/s Q2 FY2014

    Q2 FY2015 highlights v/s Q2 FY2014  Net Revenue grew by 20.1% to ` 6,826.1 million  EBITDA stood at ` 0.9 million  Net Loss stood at ` 639.0 million  EPS at ` (2.61) per share H1 FY2015 highlights v/s H1 FY2014  Net Revenue stood at ` 14,869.7 million as compared to ` 12,742.5 million in H1 FY1

  5. Slide 5: Management's Message

    Commenting on the performance for Q2 & H1 FY2015, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “Our performance continues to be adversely impacted owing to the unprofitable sugar segment. This combined with fixed overheads due to a non-production quarter further

  6. Slide 6: Sugarcane arrears and upcoming sugar season

     In the upcoming sugar season 2014 - 15, BCML expects to crush similar levels of sugarcane as compared to the previous season  Limited impact of floods in Central & Eastern Uttar Pradesh where the Company’s facilities are located  BCML has cleared all its sugarcane dues to farmers for the 2013-14

  7. Slide 7: Distillery performance and long term debt

     Distillery segment contributed positively to overall performance on account of improved sales volumes and better realizations  Emphasis of the Central Government on Ethanol blending should assist in enhancing volumes and realizations going forward aiding the entire segment  As on 30 September 20

  8. Slide 8: Sector perspectives: ISMA sugar production estimates

     According to Indian Sugar Mills Association (ISMA), the country’s sugar production is estimated at 25.0 - 25.5 million tonnes for the 2014-15 sugar season  UP is expected to report 8-10% lower production on account of delayed harvesting in some locations owing to rains following cyclone ‘Hudhud’

  9. Slide 9: Statement of Profit & Loss

    Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q2 FY15 Q2 FY14 Growth H1 FY15 H1 FY14 Growth Net Operating 6,826.1 5,683.0 20.11% 14,869.7 12,742.5 16.69% Revenue EBITDA 0.9 (630.8) - 467.3 (162.4) - EBITDA Margin (%) 0.01% -11.10% - 3.14% -1.27% - Depreciation 399.9 274.9 45.47% 618.6 549.9

  10. Slide 10: Sugar segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2015 5,950.8 85.22% (642.6) - Q2 FY2014 5,034.5 85.95% (975.9) - % Shift 18.20% - - - H1 FY2015 12,770.6 82.40% (1,243.9) - H1 FY2014 11,071.2 82.56% (1,418.6) - % Shift 15.35% - - -  Sugar segment revenues wer

  11. Slide 11: Sugar production and realizations

    Cane Crushed (Lakh Quintals) Recovery (%) 1000 10.00 846.29 810.52 772.80 9.77 800 9.80 600 9.60 9.54 9.52 400 9.40 200 9.20 - - 0 9.00 FY 2012 FY 2013 FY 2014 Q2 FY2014 Q2 FY2015 FY 2012 FY 2013 FY 2014 Q2 FY2014Q2 FY2015 Production (Lakh Quintals) Avg. Realization – Free Sugar (` per kg) 100 34.00

  12. Slide 12: Distillery segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2015 843.0 12.07% 435.3 - Q2 FY2014 620.8 10.60% 258.1 - % Shift 35.79% - 68.66% - H1 FY2015 1,536.2 9.91% 799.2 - H1 FY2014 1,184.1 8.83% 530.1 - % Shift 29.74% - 50.76% -  Distillery division delivered health

  13. Slide 13: Distillery production, sales and realizations

    Production (KL) 100,000 77,950 80,000 67,666 55,785 60,000 40,000 20,000 6739 7816 - FY 2012 FY 2013 FY 2014 Q2 Q2 FY2014 FY2015 Total Sales (KL) Blended Realizations (` per BL) 74,080 40.00 36.86 80,000 70,000 66,217 35.00 32.62 32.07 54,717 30.00 26.70 28.00 60,000 50,000 25.00 40,000 20.00 30,000

  14. Slide 14: Co-generation segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2015 184.0 2.64% (90.6) - Q2 FY2014 200.2 3.42% (42.8) - % Shift -8.09% - - - H1 FY2015 1,169.8 7.55% 470.8 - H1 FY2014 1,139.5 8.50% 520.9 - % Shift 2.66% - -9.62% -  Non-production quarter resulted in low lev

  15. Slide 15: Power generation and sales

    Total Power Generation (Lakh units) 8,000 7,393 7,489 7,505 7,000 6,000 5,000 4,000 2,763 2,810 3,000 2,000 1,000 - FY 2012 FY 2013 FY 2014 Q2 Q2 FY2014 FY2015 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales(` per 6,000 5,386 5,474 unit) 5,000 4,676 4.30 4.25 4.25 4,000 4.

  16. Slide 16: About Balrampur Chini Mills Limited

    About Balrampur Chini Mills Limited Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of organic manure. The Company has eleven sugar factories l

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