Slide 1: Globus Spirits Limited Q2 & H1 FY13 Result Presentation
Globus Spirits Limited Q2 & H1 FY13 Result Presentation November 9, 2012
Slide 2: Safe Harbour
Safe Harbour No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after t
Slide 3: Table of Content
Table of Content Title Slide No. Company Overview 4 The 360O Way 5 Our Strengths 6-7 Demonstrated Track Record 8-9 Management’s Message 11 Q2 FY13 Financials 12 H1 FY13 Financials 13 Balance Sheet Snapshot 14 Business Overview 15-16 Outlook 17 About Us & Investor Contacts 18
Slide 4: Globus Spirits Ltd – Company Overview
Globus Spirits Ltd – Company Overview Decades of management experience in this Sales & Capacity Utilization sector led by the promoter Mr. Ajay Swarup 8.0 7.1 100% Only company to have a 360o presence, offering 6.0 5.2 80% products across the value chain 3.8 3.5 60% 4.0 2.8 Strong consumer bus
Slide 5: The 360o Way
The 360o Way A Unique Model Perfected by Globus – Straddles the entire value chain in alcohol Enables Globus to capture margins across the value chain Allows the company to secure economies of scale in production Insulates the Company from any risk in the movement of prices, important in curre
Slide 6: Our Strengths
Our Strengths • Only Company in the Alcobev industry to straddle all segments of the spirits value chain (consumer and manufacturing) 360o Business Model • Insulates from risk in price movement of any one of the products • Enables leveraging growth opportunities across all segments • Ensures greater
Slide 7: Our Strengths
Our Strengths • Ability to build technologically superior plants at a much lower cost than the industry average: Over the last 3 years, ~3x capacity expansion has been Capital Efficient achieved without any equity dilution Operations • Strong cash conversion cycle resulting in low working capital in
Slide 8: Demonstrated Track Record
Demonstrated Track Record Total Income from Operations (Rs. Million) EBIDTA (Rs. Million) 6,000 5,574 800 750 700 652 5,000 3,835 600 4,000 500 400 3,000 2,650 400 1,971 286 300 245 2,000 1,569 200 1,000 100 0 0 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 PAT (Rs. Million) EPS (Rs.) 500 20 17.
Slide 9: Demonstrated Track Record
Demonstrated Track Record ROCE (%) RONW (%) 50% 40% 42.3% 34.9% 41.0% 35% 40% 30% 26.2% 31.3% 24.3% 30% 27.7% 25% 21.6% 20.8% 20% 17.9% 20% 15% 10% 10% 5% 0% 0% FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Debt to Equity (x) Debt to EBIDTA (x) 0.5 1.6 0.4x 1.3x 0.4 1.2 0.3x 0.3 0.3x 0.7x 0.2x 0
Slide 10: Globus Spirits Q2 & H1 FY13 Financial Performance
6A Globus Spirits Q2 & H1 FY13 Financial Performance
Slide 11: Management's Message
Management’s Message Commenting on Globus Spirit Limited’s Q2 FY13 results, Mr. Ajay Kumar Swarup, Managing Director of Globus Spirits Limited said: “The performance during the quarter is reflective of GSL’s focus on expanding the manufacturing capacities and emphasizing on value enhancement across
Slide 12: Q2 FY13 Financials
Q2 FY13 Financials Particulars Q2 FY13 Q2 FY12 Y-o-Y Change % Income from Operations (Gross) 1,669.5 1,671.6 (0.1) Less: Excise Duty Paid and Discount, 352.5 351.5 0.3 Allowance & Returns Add: Other Operating Income 10.2 5.9 73.6 Total Income from Operations (Net) 1,327.2 1,326.0 0.1 EBIDTA 203.6 17
Slide 13: H1 FY13 Financials
H1 FY13 Financials Particulars H1 FY13 H1 FY12 Y-o-Y Change % Income from Operations (Gross) 3,497.6 3,243.0 7.9 Less: Excise Duty Paid and Discount, 747.9 780.5 (4.2) Allowance & Returns Add: Other Operating Income 16.3 19.8 (17.6) Total Income from Operations (Net) 2,766.0 2,482.3 11.4 EBIDTA 391.
Slide 14: Balance Sheet Snapshot
Balance Sheet Snapshot Amount in Rs. Million, unless otherwise mentioned As on As on Particulars September 30, 2012 September 30, 2011 Gross Block 3,337.2 2,799.6 Capital Work-in-Progress 904.24 48.37 Networth 2,674.5 2,298.0 Total Borrowings ₋ Short term 632.4 591.8 ₋ Long term 550.2 197.9 Cash & C
Slide 15: IMIL & IMFL (Branded business)
IMIL & IMFL (Branded business) IMIL: Q2 Revenues and Volumes IMFL*: Q2 Revenues and Volumes 1,000 4 160 0.18 0.2 3.23 800 2.64 3 120 0.2 600 2 80 0.08 0.1 400 895 143 783 1 40 0.1 200 80 0 0 0 0.0 Q2 FY12 Q2 FY13 Q2 FY12 Q2 FY13 Sales (Rs. Mn) Volumes (Mn. Cases) Sales (Rs. Mn) Volumes (Mn. Cases) I
Slide 16: Franchisee IMFL & Bulk Alcohol
Franchisee IMFL & Bulk Alcohol Franchisee IMFL*: Q2 Revenues and Volumes Bulk Alcohol: Q2 Revenues and Volumes 400 0.5 300 7.02 8.0 0.42 250 7.0 0.4 6.0 300 200 4.27 5.0 0.26 0.3 200 150 284 4.0 287 0.2 3.0 100 296 174 2.0 100 0.1 50 1.0 0 0.0 0 0.0 Q2 FY12 Q2 FY13 Q2 FY12 Q2 FY13 Sales (Rs. Mn) Vol
Slide 17: Outlook
Outlook Initiatives to strengthen the marketing efforts to sustain growth in the IMIL segment New launches and expanding marketing and distribution network combined with focus on value enhancement to augment branded IMFL performance Enhanced capacities to augment performance of the bulk alcohol and
Slide 18: 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