Balrampur Chini Mills Ltd · NSE:BALRAMCHIN

Balrampur Chini Mills — Q3 FY2013 Earnings Presentation

17 slides from Balrampur Chini Mills's earnings presentation, Jan 30, 2013

  1. Slide 1: Balrampur Chini Mills Q3 & 9M FY2013 Results Presentation

    BALRAMPUR CHINI MILLS LIMITED Q3 & 9M FY2013 RESULTS PRESENTATION JANUARY 30, 2013

  2. Slide 2: Contents

    Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 8 Financial Overview 10 Segmental Overview 11 2

  3. Slide 3: Company Highlights

    Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 126 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India which Maximization stabilizes revenue streams along with providing a hedge again

  4. Slide 4: Q3 FY2013 highlights vs Q3 FY2012

    Q3 FY2013 highlights v/s Q3 FY2012  Net Revenue grew by 43.5% to ` 9,499.3 million  EBITDA stood at ` 1,183.8 million  Net Profit stood at ` 602.2 million  Diluted EPS at ` 2.46 per share 9M FY2013 highlights v/s 9M FY2012  Net Revenue grew by 46.1% to ` 25,301 million  EBITDA stood at ` 2,962

  5. Slide 5: Management's Message

    Commenting on the performance for Q3 FY2013, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “We have commenced the sugar season on an encouraging note and as the season progresses, domestic demand supply scenario, import duty policy, and the implementation of the r

  6. Slide 6: U.P. government declared State Advised Price of ₹280 per quintal

     The Company has crushed 2.27 crore quintals of cane in the current quarter of sugar season 2012-13 as compared to 2.80 crore quintal during the last December quarter of sugar season 2011 – 12  This is primarily on account of early start of crushing witnessed during the last season as compared to

  7. Slide 7: Strong balance sheet as on 31 December 2012

     The Company has one of the strongest Balance Sheets within the sector – as on 31 December 2012, the Company’s Long Term Debt stood at ` 597 crore  Debt-equity ratio stood at 0.22 on 31 December 2012  Working Capital borrowings as on 31 December 2012 stood at ` 110 crore  Cash and Bank balances

  8. Slide 8: India's sugar production for season 2012-13 estimated at 24 million tonnes

     India’s sugar production for the sugar season 2012-13 is estimated at 24 million tonnes as compared to 26 million tonnes in the previous sugar season  Supply remains ahead of demand in-spite of the lower anticipated production  Dr. C Rangarajan Committee made recommendations related to the refor

  9. Slide 9: Increase in acreage and stable climatic conditions in East U.P.

     Increase in acreage and stable climatic conditions in East Uttar Pradesh (U.P.) are expected to assist the state in reporting higher production  Majority of BCML’s capacity is located in Eastern U.P., which is expected to witnessed healthy growth in production  Global sugar prices remain subdued

  10. Slide 10: Statement of Profit & Loss

    Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q3 FY13 Q3 FY12 Growth 9M FY13 9M FY12 Growth Net Operating 9,499.3 6,620.8 43.48% 25,301.0 17,318.0 46.10% Revenue EBITDA 1,183.8 (100.5) - 2,962.3 447.2 562.41% EBITDA Margin (%) 12.46% (1.52%) 11.71% 2.58% Depreciation 271.3 276.6 (1.92%) 820

  11. Slide 11: Sugar segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2013 9,208.6 91.73% 634.2 61.87% Q3 FY2012 6,115.4 85.01% (821.4) - % Shift 50.58% - 9M FY2013 23,271.0 88.65% 1,155.9 47.19% 9M FY2012 15,518.3 84.88% (1,024.0) - % Shift 49.96% -  Improved sugar sales at high

  12. Slide 12: Sugar production and realization

    Cane Crushed (Lakh Quintals) Recovery (%) 1400 9.60 9.54 1231.51 1200 9.38 9.40 1000 846.29 9.14 9.20 800 9.00 9.00 600 483.22 8.84 400 8.80 280.38 227.60 200 8.60 0 8.40 FY 2009 FY 2011 FY 2012 Q3 FY2012Q3 FY2013 FY 2009 FY 2011 FY 2012 Q3 FY2012 Q3 FY2013 Production (Lakh Quintals) Avg. Realizatio

  13. Slide 13: Distillery segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2013 133.5 1.33% 50.7 4.95% Q3 FY2012 236.0 3.28% 68.3 - % Shift (43.43%) (25.77%) 9M FY2013 1,258.0 4.79% 512.1 20.91% 9M FY2012 1,023.9 5.60% 320.1 - % Shift 22.86% 59.98%  During the quarter, production volu

  14. Slide 14: Distillery production, sales and realizations

    Production (KL) Total Sales (KL) 80000 70859.5 70000 63179.3 70000 60000 54717.2 60000 55785.0 50000 50000 40000 40000 30000 30000 20000 20000 6049.9 6674.1 10000 6914.4 3867.8 10000 0 0 FY 2011 FY 2012 Q3 FY2012 Q3 FY2013 FY 2011 FY 2012 Q3 FY2012 Q3 FY2013 Ethanol production (KL) Blended Realizati

  15. Slide 15: Co-generation segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q3 FY2013 678.5 6.76% 332.8 32.47% Q3 FY2012 828.6 11.52% 453.9 - % Shift (18.11%) (26.68%) 9M FY2013 1,681.1 6.40% 774.0 31.60% 9M FY2012 1,721.7 9.42% 670.2 - % Shift (2.36%) (15.49%)  Sales and production volumes

  16. Slide 16: Total power generation and bagasse-based sales

    Total Power Generation (Lakh units) 12000 10153.9 10000 8000 7393.0 6000 4000 1872.4 1458.9 2000 0 FY 2011 FY 2012 Q3 FY2012 Q3 FY2013 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales(` per 7000 unit) 6312 6000 4.25 4.21 4676 4.20 5000 4.15 4.11 4000 4.10 3000 4.05 4.02 3.9

  17. Slide 17: 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 bio-compost. The Company presently has ten sugar factori

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