Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q2 & H1 FY25 Earnings Presentation
35 slides from Balrampur Chini Mills's earnings presentation, Nov 11, 2024
Slide 1: Cover letter to stock exchanges
11th November, 2024 National Stock Exchange of India Limited BSE Limited Listing Department, The Corporate Relationship Department ‘Exchange Plaza’, C/1, G Block, Bandra 1st Floor, New Trading Wing, Rotunda Kurla Complex, Bandra (E), Building, Phiroze Jeejeebhoy Towers, Mumbai 400051. Dalal Street,
Slide 2: Q2 & H1 FY25 Results Presentation
“STRETCH” Deepening competence. Widening horizon. Q2 & H1 FY25 Results Presentation 11th November 2024
Slide 3: Safe Harbour
Safe Harbour Certain statements made in this document may constitute forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technologica
Slide 4: Conference Call Details
Conference Call Details Q2 & H1 FY2025 Earnings Conference Call Time Pre-registration Primary dial-in number 12:00 noon. IST on To enable participants to connect to the + 91 22 6280 1141 12, November, 2024 conference call without having to wait for + 91 22 7115 8042 an operator, please register at t
Slide 5: Q2 & H1FY25 Performance
Performance = aaa Q2 & H1FY25
Slide 6: A message from the Chairman and Managing Director
A message from the Chairman and Managing Director Commenting on the “Our results this quarter were subdued, with profitability impacted despite higher sugar volumes and realizations. Lower performance for Q2 & H1 FY25, crushing volumes limited our ability to absorb fixed costs effectively, while per
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Revenue (Rs. Cr.) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) Basic EPS (Rs.) 222.9 168.9 1,539.5 8.24 1,298.0 71.1 3.33 59.2 14.5% 4.6% 11.0% 5.5% Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Revenue (Rs. Cr.) PBT (Rs. cr) PBT Margin
Slide 8: Standalone Financial Performance
Standalone Financial Performance Revenue (Rs. Cr.) EBITDA (Rs. cr) EBITDA Margin (%) PBT (Rs. cr) PBT Margin (%) TCI (Rs. cr) TCI Margin (%) 1,539.5 144.7 1,298.0 164.9 108.9 49.1 -5.9 $ 10.7% 9.4% -0.5% 7.1% 0.4 0.0% 3.8% Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Revenue (Rs.
Slide 9: Q2 FY25 Standalone Performance Review
Q2 FY25 Standalone Performance Review Q2FY24 Q2FY25 Variance Key Reasons (Rs. Crs.) (Rs. Crs.) (%) Revenue from operations 1539.47 1297.95 -15.7% Due to lower distillery volume Other income 38.20 8.29 -78.3% In previous year, Profit on sale of land (Rs. 31.13 crs) Cost of materials consumed 168.69 1
Slide 10: Business Performance
Business Performance 9
Slide 11: Sugar
Sugar 10
Slide 12: Sugar Segment – Financial Performance
Sugar Segment – Financial Performance Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Total Sugar Sales Average blended realization 3.5% (lac quintals) of sugar (Rs./kg) 39.1 37.7 38.5 1,109.4 1,048.6 0.1% 25.6 26.4 1.6 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Revenue (Rs. Cr.
Slide 13: Sugar Segment – Operational Performance (1 of 2)
Sugar Segment – Operational Performance (1 of 2) Sugarcane crushed Net Sugar Recovery (%) * Sugar Recovery Pre-sacrifice Sugar Production (lac quintals) (%) (lac quintals) - - - - - - - - Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Sugarcane crushed Net Sugar Recovery (%) * Sugar
Slide 14: Sugar Segment – Operational Performance (2 of 2)
Sugar Segment – Operational Performance (2 of 2) Sugarcane diverted towards Sugarcane diverted towards Sugar sacrifice under B- Sugar sacrifice under Syrup B-heavy route (lac quintals) Syrup route (lac quintals) heavy route (lac quintals) route (lac quintals) - - - - - - - - Q2 FY24 Q2 FY25 Q2 FY24
Slide 15: Movement in Sugar Costs, Inventory & Valuation
Movement in Sugar Costs, Inventory & Valuation FY23 (Rs./quintal) FY24 (Rs./quintal) Sugar Inventory (including WIP) 3,552 3,343 3,371 3,560 3,411 3,422 (lac quintals) 24.8 Cane Cost Cost of Sugar Inventory Cane Cost Cost of Sugar Inventory Production Valuation Production Valuation Cane Crushed * (l
Slide 16: Distillery & Co-generation
Distillery & Co-generation 15
Slide 17: Distillery Segment – Financial Performance
Distillery Segment – Financial Performance Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Sales * (Cr BL) Average blended realization 19.5% (including ENA & Other Products) ** (Rs./BL) 559.7 57.2 54.6 12.5% 8.8 264.5 4.6 109.3 33.0 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Rev
Slide 18: Distillery Segment – Operational Performance (1 of 2)
Distillery Segment – Operational Performance (1 of 2) Ethanol Production from B-heavy Ethanol Production from Syrup route Ethanol Production from Grain route molasses route (Cr BL) (Cr BL) (Cr BL) 9.3 3.4 1.1 5.0 3.8 1.5 1.7 0.2 - - - 0.2 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY
Slide 19: Distillery Segment – Operational Performance (2 of 2)
Distillery Segment – Operational Performance (2 of 2) Ethanol Production from C- ENA & Other Products Stock of Alcohol (Cr BL) heavy molasses route (Cr BL) Production (Cr BL) 1.7 1.5 1.6 1.5 0.3 0.6 0.7 30th Sept 2023 30th Sept 2024 0.3 0.3 0.2 Stock of B-heavy Stock of C-heavy Stock of Syrup (lac Q
Slide 20: Update on distillery business
Update on distillery business Ethanol prices under the EBP Programme for ESY 2023-24 are as under: SI. Tentative bids for ESY24-25 for 970 cr BL. Ethanol Year Period Price of Ethanol under various feed-stock (Rs,/BL) No. C-route B-route Syrup DFG SFG Maize Tentative Allocation (Cr BL) 836.8 ESY 2021
Slide 21: Co-generation – Performance
Co-generation – Performance Power Generated Power Exported * Average Realization Stock of Bagasse (lac MT) (Cr Units) (Cr Units) (Rs./Unit) 1.2 6.9 2.7 6.8 2.0 4.5 0.6 2.8 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 30th Sept. 2023 30th Sept. 2024 Power Generated Power Exported * Average Realiza
Slide 22: Polylactic Acid
Polylactic Acid 21
Slide 23: Update on Poly Lactic Acid Plant
Update on Poly Lactic Acid Plant • Entire land for the Project has been acquired • Contracts for foreign technology partners viz. Sulzer and Alpine has been executed • EPMC contract executed with Jacobs Solutions • Till 30th September 2024 Company has spent ~Rs. 333 crores • Final EIA (Environment I
Slide 24: Update on Poly Lactic Acid Plant
Update on Poly Lactic Acid Plant Uttar Pradesh State Government announced Bio Plastic Industrial Policy 2024 On 4th October,2024. Under this Policy, companies investing ₹1,000 crore or more in bioplastic manufacturing are eligible for the following incentives: • 50% capital subsidy over a period of
Slide 25: Treasury Management Update
Treasury Management Update • Long-term credit rating stands at AA+ with Stable outlook and the short-term rating at A1+ by CRISIL As of 30th September 2024, long term borrowings of the Company stands at ` 252.52 crores Yearly repayment schedule as per terms of sanction for the next four years (` in
Slide 26: Global & Indian Sugar Sector Overview
Global & Indian Sugar Sector Overview 25
Slide 27: Global Sugar Production Outlook
Global Sugar Production Outlook ( metric million tonnes) 2023-24 2024-25 (Expected) ra il ra il Net of sugar Assuming n ia sacrifice of ~2 n ia sugar sacrifice MMT of ~3.7 MMT hailan hailan hina hina est of the orl est of the orl Total Global production at 179.5 MMT Total Global production estimated
Slide 28: Factors influencing global sugar industry trends
Factors influencing global sugar industry trends Global oil prices Weather / Acreage (23-24) 179.5 • Favorable weather and increased area have resulted in Million tonnes, global sugar additional sugarcane available Government policies catalyzing the shift production, 2023-24 for crushing in Brazil b
Slide 29: Domestic Sugar Balance Sheet
Domestic Sugar Balance Sheet ( metric million tonnes) 22-23 23-24 (Estimated) 24-25 (Projected) Assuming sugar Net of sugar sacrifice Net of sugar sacrifice sacrifice of ~3.7 MMT 32.80 of ~3.8 MMT 32.00 of ~2 MMT 27.85 28.55 28.30 29.00 8.50 8.50 7.80 7.00 6.40 5.55 5.55 0.50 Op. Prod. Cons. Exp. Cl
Slide 30: India: World's Largest Sugar Consumer
India: World’s Largest Sugar Consumer India's Sugar Consumption (MMT) CAGR 2.8% ⚫ Steady & sustainable demand 27.40 27.85 28.55 29.00 opportunity: 25.30 26.50 ⚫ Sugar consumption in India is expected to grow. Key demand drivers include GDP growth, rising disposable income, increasing demand for proc
Slide 31: Update on Auxilo Finserve Private Limited – An Associate of BCML
Update on Auxilo Finserve Private Limited – An Associate of BCML Extract of Statement of Assets & Liabilities/ Rs. Crs. Profitability of Associates Except EPS Equity Shareholding Pattern as on 30th September-24 (%) * September 30.5 30.5 Particulars March 2024 2024 Liabilities 8.4 9.5 6.3 7.9 Financi
Slide 32: Update: Auxilo Finserve Private Limited
Update: Auxilo Finserve Private Limited (30th September, 2024) Balance Sheet Profit and Loss Total assets Cash and bank Advances Interest income Finance costs Profit after tax Rs. 4107 crs Rs. 534 crs Rs. 3551 crs Rs. 218 crs Rs. 128 crs Rs. 48 crs Shareholders fund Borrowings Debt equity Total inco
Slide 33: Key Events to Watch Out
Key Events to Watch Out ● Revision in prices of Ethanol from different feed-stock for ESY 2024-25 ● Revision in Minimum Selling Price (MSP) of sugar ● Export Policy for SS 2024-25 ● Announcement of State Advised Price (SAP) of sugarcane in Uttar Pradesh for sugar season 2024-25 32
Slide 34: Contact Us
Contact Us About Balrampur Chini Mills Limited CIN: L15421WB1975PLC030118 For more information on the Company, please Balrampur Chini Mills Limited (BCML) is one of the log on to www.chini.com largest integrated sugar companies in India. The allied businesses of the Company comprise distillery For f
Slide 35: Thank You
Thank You 34
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