Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q3 FY2016 Earnings Presentation
18 slides from Balrampur Chini Mills's earnings presentation, Feb 8, 2016
Slide 1: Balrampur Chini Mills Q3 & FY2016 Results Presentation
BALRAMPUR CHINI MILLS LIMITED Q3 & FY2016 RESULTS PRESENTATION FEBRUARY 8, 2016
Slide 2: Forward-looking statements
Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technological risks, and many other fac
Slide 3: Agenda
Title Slide No Conference Call Details 4 Performance Highlights 6 Management’s Message 7 Company Highlights 8 Sector Perspectives 10 Financial Overview 11 Segmental Overview 12 3
Slide 4: Conference Call Details
Timing 03.30 pm IST on Tuesday, February 9, 2016 Primary number: +91 22 6746 8354 Conference dial - in Seco ndary number: +91 22 3938 1071 Singapore: 800 101 2045 Hong Kong: 800 964 448 Toll Free Number USA: 1 866 746 2133 UK: 0 808 101 1573 4
Slide 5: Company Highlights
Sugarcane crushing capacity at 76,500 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
Slide 6: Q3 FY2016 highlights vs Q3 FY2015
Q3 FY2016 highlights v/s Q3 FY2015 Net Revenue grew by 0.85% to ` 8,488.8 million as compared to ` 8,416.9 million EBITDA stood at ` 1,195.3 million as compared to loss of ` 267.3 million Net Profit stood at ` 878.0 million as compared to loss of ` 656.9 million Diluted EPS at ` 3.58 per sha
Slide 7: Management's Message
Commenting on the performance for Q3 & 9M FY2016, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “Our results reflect the evolving dynamics of the sugar sector. We hope to report better results in sugar segment as compared to previous year on the back of higher rec
Slide 8: Operational highlights: crushing, recovery and realizations
BCML crushed 1.82 crore quintals of cane in the current quarter as against 1.88 crore quintal in corresponding previous period BCML targets to crush approximately 7.1 crore quintals for the current sugar season Recovery for the quarter was higher at 10.50% as compared to 9.43% in the previous
Slide 9: Long-term debt and interest cost
Long-term Net Debt-Equity ratio at 0.56 on December 31, 2015 Long-term debt at ` 6,375.7 million on December 31, 2015 Interest cost for 9M FY2016 stood at ` 568.0 million as compared to ` 755.5 million in 9M FY2015 9
Slide 10: Sector Perspectives: India sugar production
According to ISMA, the India’s sugar production is estimated at 26 million tonnes for the current sugar season, the annual domestic consumption is expected at ~25.5 million tonnes Sugar production till Jan 31, 2016 stood at 14.25 million tonnes UP produced 3.6 million tonnes till January 31, 2
Slide 11: Statement of Profit & Loss
Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q3 FY16 Q3 FY16 Growth 9M FY16 9M FY15 Growth Net Operating 8,488.8 8,416.9 0.85% 19,860.7 23,286.6 -14.71% Revenue EBITDA 1,195.3 (267.3) - 1,076.9 200.0 438.45% EBITDA Margin (%) 14.08% -3.18% - 5.42% 0.86% - Depreciation 274.5 257.1 6.77% 838
Slide 12: Sugar segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2016 7,852.1 82.37% 259.7 - Q3 FY2015 7,363.2 80.44% (1,408.1) - % Shift 6.64% - - - 9M FY2016 17,642.5 81.12% (1,068.4) - 9M FY2015 20,133.8 81.67% (2,652.0) - % Shift -12.37% - - - Sugar segment revenues at
Slide 13: Sugar production and realizations
Cane Crushed (Lakh Quintals) Recovery (%) 1000 10.60 10.50 810.52 772.80 805.69 10.40 800 10.20 600 10.00 9.83 9.77 9.80 400 9.52 9.60 9.43 187.57 182.05 200 9.40 9.20 0 9.00 FY 2013 FY 2014 FY 2015 Q3FY15 Q3FY16 FY 2013 FY 2014 FY 2015 Q3 FY15 Q3 FY16 Production (Lakh Quintals) Avg. Realization – F
Slide 14: Distillery segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2016 662.5 6.95% 300.3 - Q3 FY2015 664.5 7.26% 314.3 - % Shift -0.30% - -4.45% - 9M FY2016 2,022.0 9.30% 959.7 - 9M FY2015 2,200.7 8.93% 1,113.5 - % Shift -8.12% - -13.81% - The segment delivered stable result
Slide 15: Distillery sales, production and realizations
Production (KL) Total Sales (KL) 100,000 80,000 74,080 74,202 70,000 66,217 77,950 80,000 67,666 69,903 60,000 60,000 50,000 40,000 40,000 30,000 17,823 20,000 16,274 16,002 20,000 15,876 10,000 - - FY 2013 FY 2014 FY 2015 Q4FY15 Q4FY16 FY 2013 FY 2014 FY 2015 Q3FY15 Q3FY16 Ethanol production (KL) B
Slide 16: Co-generation segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2016 1,005.6 10.55% 437.1 - Q3 FY2015 1,112.0 12.15% 666.3 - % Shift -9.57% - -34.40% - 9M FY2016 2,047.1 9.41% 822.6 - 9M FY2015 2,281.8 9.26% 1,137.1 - % Shift -10.29% - -27.66% - Co-generation delivered sta
Slide 17: Power generation and sales
Total Power Generation (Lakh units) 10,000 8,295 8,000 7,489 7,505 6,000 4,000 1,851 1,599 2,000 - FY 2013 FY 2014 FY 2015 Q3 FY15 Q3 FY16 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales 7,000 (` per unit) 6,168 6,000 5,386 5,474 5.00 4.82 4.80 5,000 4,000 4.50 4.17 4.23 3
Slide 18: 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 presently has ten sugar fact
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