Slide 1: Result Presentation | August 2019
Result Presentation | August 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 Q1 FY20 Performance Performance Highlights 5 Key Developments 6 Financials 7 Financial Performance 10 Annexure Company Overview 13 Consolidated Financials 20 Shareholding Pattern 23 3
Slide 4: Quarter Highlights
QUARTER HIGHLIGHTS 4
Slide 5: Q1FY20 – Performance Highlights (Standalone)
Q1FY20 – Performance Highlights (Standalone) • Total Income (net of excise duty) stood at Rs. 2,970 mn in Q1FY20, 28% growth against Rs. Q1FY20 Q1FY19 2,323 mn in Q1FY19 – Total Income backed by higher ENA volumes and realizations Rs. 2,970 mn 28% Rs. 2,323 mn – Robust growth in ENA volumes up by 59
Slide 6: Key Developments during the quarter
Key Developments during the quarter • Received price hike in Rajasthan for IMIL Rajasthan accounted sales of – Received price hike of Rs. 35 per case effective from 1st June, 2019 9.3 Mn Cases – Rajasthan contributes ~80% of IMIL revenues in FY19 • Launched new brands in IMIL Segment – Launched new
Slide 7: Q1FY20 – Profit & Loss Statement (Standalone)
Q1FY20 – Profit & Loss Statement (Standalone) Particulars (In Rs MN) Q1 FY20 Q1 FY19 YoY (%) Q4 FY19 QoQ FY19 FY18 YoY Gross Revenues 3,124.2 2,582.1 21% 2,877.8 9% 10,734.7 9,322.1 15% Less- Excise duty 168.0 267.0 -37% 168.9 -1% 891.5 771.4 16% Net Revenues from Operations 2,956.2 2,315.1 28% 2,70
Slide 8: Q1FY20 – Key Ratios (Standalone)
Q1FY20 – Key Ratios (Standalone) Key Ratios as a % of Total Income Q1 FY20 Q1 FY19 Q4 FY19 FY19 FY18 EBITDA 10.2% 11.7% 10.8% 10.3% 8.7% PAT 3.2% 3.2% 5.3% 3.1% 0.8% Total Expenditure 89.8% 88.3% 89.2% 89.7% 91.3% Raw material 62.6% 58.7% 62.0% 60.2% 60.1% Employee Cost 2.5% 2.4% 2.5% 2.6% 2.7% Othe
Slide 9: Segmental Performance
Segmental Performance Breakup of Revenue from Operations (Net) Bulk Alcohol, 49.2% • Revenues from manufacturing business stood at Rs. 1,887 mn in Q1 FY20, against Rs. 1,518 mn in Q1 FY19 Q1FY20 Franchisee IMFL IMIL, 1.7% 36.2% – Share of manufacturing business stood at 64% in Q1 Others, FY20 agains
Slide 10: IMIL – Strong Consumer Business
IMIL – Strong Consumer Business Rajasthan IMIL Haryana IMIL Delhi IMIL West Bengal IMIL 2.43 60.00 0.25 2.30 50.00 0.16 0.20 0.12 40.00 0.49 0.09 0.15 0.48 30.00 0.06 0.10 20.00 33.8 27.9 55.0 19.8 0.05 122.8 155.6 10.00 876.0 8655 - 0.00 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Reven
Slide 11: Manufacturing – Robust Performance
Manufacturing – Robust Performance • Capacity utilization stood at 95.3% in Q1 FY20 against 98% in Q1 FY19 Production & Capacity Utilization • Q1FY20 - Total capacity increased to 160 mn bulk liters 20.00 98.0% 95.3% 150% from 125 mn bulk liters in Q1FY19 (Please note: Bihar 100% 30.5 38.1 10.00 was
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 – 2.30 mn cases sold in Q1FY20 • No. 4 private player in Haryana with 9% market share – 0.48 mn cases in sold in Q1 FY20 • 1% Market share in West Bengal – 0.06 mn cases sold in Q1 FY20 Own Distillery States w
Slide 15: Growth Strategy
Growth Strategy Annual FY18 Production after Location Production • Re-commencement of Bihar Facility (Mn Liters) Bihar Restart (Mn Liters) Total 114 153 (95%) Average Realizations (Per Litre) • 'Leverage ethanol opportunity to enhance capacity utilization and improve realizations' In Q1FY20 at Rs. 4
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: Shareholding Pattern
Shareholding Pattern Corporate Bodies, Individuals & Others 27% Promoter Group 55% FIIs 18% 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% 21
Slide 22: 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