Dhampur Bio Organics Ltd · NSE:DBOL
Dhampur Bio Organics — Q2 FY2025 Earnings Presentation
35 slides from Dhampur Bio Organics's earnings presentation, Nov 4, 2024
Slide 1: Exchange filing cover letter
Dhampur Bio Organics Ltd. Date: November 4, 2024 To, The Manager – Listing The Manager – Listing Dept of Corp. Services, National Stock Exchange of India Ltd. BSE Limited Exchange plaza, Bandra Kurla Complex P.J. Towers, Dalal Street, Fort, Bandra East Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 5
Slide 2: Dhampur Bio Organics Limited Q2 & H1FY25 Results Presentation
Dhampur Bio Organics Limited A leading integrated sugarcane processing company in India Q2 & H1FY25 Results Presentation 1
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Dhampur Bio Organics Limited (also referred to as the ‘Company’). By attending the meeting where this presentation
Slide 4: Company Overview
Company Overview 3
Slide 5: Company at a Glance
Company at a Glance Business Overview ₹ 2,361 Crores FY24 Revenue Dhampur Bio Organics Limited (DBO) is a leading cane processing company with experience and pedigree extending across 9 decades. Utilising its advanced and integrated manufacturing setups, DBO capitalises on the favourable trends in t
Slide 6: Our Capacities
Our Capacities Uttar Asmoli Plant Mansurpur Plant Meerganj Plant Pradesh Capacity Total Capacity (District Sambhal) (District Muzaffanagar) (District Bareilly) Sugar Sugarcane Crushing (TCD) 12,500 8,000 9,000 29,500 Sugar Refinery (TPD) 1,100 900 _ 2,000 Pharma Grade Sugar (TPD)** 700 _ _ 700 LQW S
Slide 7: Key Strengths
Key Strengths 9+ Deep Focus on Cane Decades of Development Activities to Experience and Pedigree improve recoveries Diversified Business Strong Model Leadership Team and applications Forward Integrated Manufacturing Facilities – 3 Strong Credit Profile – Plants located in Asmoli, Mansurpur & Meergan
Slide 8: Integrated Business Model with diversified Revenue streams
Integrated Business Model with diversified Revenue streams The company’s Sugar division is fully forward integrated into cogeneration and distillery operations that de-risk the core sugar business of the company Revenue Contribution EBIT Contribution FY22 FY23 FY24 FY22 FY23 FY24 47% 52% 45% 37% 32%
Slide 9: Regular Cane Development & Management activities leading to improved Recovery
Regular Cane Development & Management activities leading to improved Recovery The company treats land as a long-term principal asset in the sugar business and recognizes the priority of being able to generate more from less DBO’s Cane Development Programme Research Use of Technology Initiatives & Ef
Slide 10: Focussing on Sugar Premiumization
Focussing on Sugar Premiumization The company intends to enhance production of niche, processed and value-added sugar; and moderate exposure to conventional sugar exposed to commodity price risks Increasing Sugar Realizations (₹/Ton) Packaged sugar, which currently accounts for less than 2% of count
Slide 11: Strong Leadership Team
Strong Leadership Team Vijay Kumar Goel, Ashwani Kumar Gupta, Gautam Goel, Chairman Vice Chairman Managing Director The promoter of the undivided company CA with over 40 years of experience in The promoter of the undivided company and on the Board since 1960. Has been the finance, treasury managemen
Slide 12: Financial & Operational Highlights | Q2 & H1 FY25
Financial & Operational Highlights | Q2 & H1 FY25 (Standalone Financials) 11
Slide 13: Q2FY25 Highlights
Q2FY25 | Highlights Sugar Revenue ₹633.58 Crores -12.24% Increase / decrease Revenue increase / decrease -4.80% YoY EBITDA Bio Fuel & Spirits - ₹7.43 Crores Financial Segmental -58.56% Margin (Q2FY25) (Q2FY25) Revenue increase / decrease -1.17% YoY PAT Country Liquor - ₹22.46 Crores 30.25% Margin Re
Slide 14: H1FY25 Highlights
H1FY25 | Highlights Sugar Revenue ₹1,271.42 Crores -9.06% increase / decrease Revenue increase / decrease -5.24% YoY EBITDA Bio Fuel & Spirits ₹27.25 Crores Financial Segmental -56.84% Margin (H1FY25) (H1FY25) Revenue increase / decrease 2.14% YoY PAT Country Liquor -₹21.35 Crores 32.23% Margin Reve
Slide 15: Net Revenue Analysis (Q2FY25 vs Q2FY24)
Net Revenue Analysis (Q2FY25 vs Q2FY24) (₹ In Crores) ₹ 538 ₹6 ₹ 16 ₹1 ₹5 -₹ 87 ₹ 467 -₹ 4 -₹ 8 Revenue* Sugar Sugar Ethanol Ethanol Country * Bagasse Others* Revenue* Q2FY24 Quantity Realisation Quantity Realisation Liquor Quantity Quantity Q2FY25 14 * Revenue net of excise, others includes other a
Slide 16: Key Financials – Q2 & H1 FY25
Key Financials – Q2 & H1 FY25 (₹ In Crores) Revenue from Operations EBIT & EBIT Margin (%) PAT & PAT Margin (%) 1.51% -2.96% 2.99% 0.32% 0.12% -3.54% 0.88% -1.68% 50.00 15.00 1,341.76 1,271.42 40.00 10.00 40.09 0.81 30.00 5.00 11.76 20.00 - 665.50 633.58 10.00 4.05 (5.00) 10.03 - (10.00) (10.00) (15
Slide 17: Profit & Loss Statement – Q2 & H1FY25
Profit & Loss Statement – Q2 & H1FY25 (₹ In Crores) Particulars (₹ in Crores) Q2FY25 Q2FY24 YoY H1FY25 H1FY24 YoY • Gross Revenue at ₹ 633.58 Crores in Q2FY25 as against ₹ 665.50 Crores in Q2FY24, while Revenue from Operations 633.58 665.50 -4.80% 1,271.42 1,341.76 (5.24%) Net Revenue (Net off Excis
Slide 18: Segmental Performance | Q2FY25
Segmental Performance | Q2FY25 (Standalone Financials) 17
Slide 19: Segment Highlights – Q2 & H1FY25
Segment Highlights – Q2 & H1FY25 Revenue (₹ In Crores) & EBIT Margin (%) Sugar Biofuel & Spirits Country Liquor 0.07% -2.70% 2.28% 1.37% 9.22% -0.03% 10.55% 5.95% 1.75% 1.41% 1.56% 1.37% 914.38 1, 000. 00 900.00 900.00 831.53 900.00 800.00 800.00 800.00 700.00 700.00 700.00 600.00 600.00 600.00 458.
Slide 20: Segment Overview – Q2 & H1FY25
Segment Overview – Q2 & H1FY25 (₹ In Crores) Segment Performance Particulars (₹ in Crores) Q2FY25 Q2FY24 YoY H1FY25 H1FY24 YoY Sugar Revenue 402.76 458.95 -12.24% 831.53 914.38 -9.06% EBIT -10.86 0.32 NA 11.39 20.89 -45.48% EBIT Margin (%) -2.70% 0.07% NA 1.37% 2.28% -91 bps Biofuel & Spirits Revenu
Slide 21: Operational Performance – Q2 & H1FY25
Operational Performance – Q2 & H1FY25 Particulars UOM Q2FY25 Q2FY24 H1FY25 H1FY24 Sugar Sugar Production Tons - - 26,811 49,916 Sugar Sales Tons 99,147 94,870 194,300 192,838 Avg. Realisation ₹/Ton 38,720 38,152 38,932 37,882 Inventory* Tons 102,509 10,364 102,509 10,364 Valuation Rate * ₹/Ton 34,14
Slide 22: Operational Highlights - Sugar
Operational Highlights - Sugar Cane Crushed, Sugar Production & Recovery Sugar Sales & Realisation Cane Crushed (Lac Tons) Sugar Production (Lac Tons) Net Sugar Recovery (%) Sugar Sales (Lac Tons) Avg. Realisation (₹/Ton) 12.60% 5.19 5.00 6.00 45,000 14.00% 4.50 9.62% 43,000 5.00 4.00 38,932 12.00%
Slide 23: Operational Highlights - Bio Fuel & Spirits
Operational Highlights - Bio Fuel & Spirits Ethanol Production, Sales & Realisation C-Heavy Derived Ethanol Ethanol Production (Mn BL) Ethanol Sales (Mn BL) Average Realisation (₹/BL) Production (Mn BL) Sales (Mn BL) Avg. Realisation (₹/BL) 56.00 55.71 58.40 57.11 51.43 50.32 60.00 70.00 50.00 60.00
Slide 24: Operational Highlights - Country Liquor & Power
Operational Highlights - Country Liquor & Power Country Liquor Power Sales (Cases) Avg. Realisation (₹/Case) Generation (Mn Units) Exports (Mn Units) Average Realisation (₹/Unit) 18,00,000 500.00 83.10 90.00 4.00 15,35,181 3.44 3.44 3.30 450.00 16,00,000 3.30 80.00 3.50 400.00 14,00,000 11,90,036 70
Slide 25: Balance Sheet Highlights
Balance Sheet Highlights (₹ In Crores) Long Term Loans Net Working Capital (Net) Long Term Debt : Equity Ratio ₹239 Crores ₹322 Crores 0.24 times as on September 30, 2024 as on September 30, 2024 as on September 30, 2024 ₹241 Crores ₹806 Crores 0.24 times as on March 31, 2024 as on Mar 31, 2023 as o
Slide 26: Industry dynamics
Industry dynamics 25
Slide 27: Sugar Scenario
Sugar Scenario Domestic Sugar Balance Sheet (Mn Tons) S. No Particulars SS 2022-23 SS 2023-24 (P) a) Opening Stock as on 1st October 7.00 5.60 b) Production during the Season net off diversion 32.82 31.80 c) Imports 0.00 0.00 d) Total Availability 39.82 37.40 e) Off-take i) Internal Consumption 27.8
Slide 28: Bio Fuels Scenario
Bio Fuels Scenario • ESY 24-25, 836.8 crore litres have been allocated by the OMCs against total requirement of 916.08 crore litres. • Feed Stock wise Allocation : Sugar Cane Juice-188.8 crore litres, BH Molasses- 113.9 crore litres, CH Molasses – 9.2 crore litres. • Allocation to Sugar Industry -31
Slide 29: Balanced Growth for a Sustainable Tomorrow
Balanced Growth for a Sustainable Tomorrow Summary of ESG content 28
Slide 30: Our ESG Strategy Construct
Our ESG Strategy Construct During FY 2022-23, the Company conducted a materiality assessment to identify sustainability issues that are important to both the company and its stakeholders. This assessment involved identifying potential issues, engaging with stakeholders to understand their perspectiv
Slide 31: Our Contribution to UN SDGs
Our Contribution to UN SDGs Our material topics align with the following Sustainable Development Goals set forth by United Nations (UN SDGs) Responsible Governance People First Organisational ethics, values and Diversity and Inclusion governance Training and Development IT and Cybersecurity Health,
Slide 32: Annexures
Annexures 31
Slide 33: Our Certifications
Our Certifications Certificate of Drug Formulation Approval Certificate of Drug Formulation Approval Dhampur Bio Organics Limited, Unit-Asmoli Division Sugar has been Dhampur Bio Organics Limited, Unit-Mansurpur has been certified with granted license(s) to manufacture Pharmaceutical Grade Sugar Qua
Slide 34: Shareholders Information
Shareholders Information Individual Shareholder Information Shareholders as on 30th September 2024 39% BSE Ticker 543593 Others NSE Symbol DBOL 8% Market Cap (in Rs. Crores) 1,062.53 NRI 1% % Free- float 49.22% FII 1% Free Float Market Cap (in Rs. Crores) 522.98 Shares Outstanding (Crores) 6.64 3M A
Slide 35: Contact details
Ernst & Young LLP: Dhampur Bio Organics Limited: Rohit Anand: Rohit.anand4@in.ey.com Nalin Kumar Gupta, Chief Financial Officer Riddhant Kapur: Riddhant.kapur@in.ey.com nalingupta@dhampur.com Anubhav Khandelwal: Anubhav.khandelwal@.in.ey.com Corp. Office: Second Floor, Plot No. 201, Okhla Industrial
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