Associated Alcohols & Breweries Ltd. · NSE:ASALCBR
Associated Alcohols & Breweries — Investor Presentation (September 2020)
28 slides from Associated Alcohols & Breweries's investor presentation, Sep 24, 2020
Slide 1: Cover letter to stock exchanges: corporate presentation September 2020
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Slide 2: Investor Presentation | September 2020
INVESTOR PRESENTATION | September 2020
Slide 3: Company Snapshot
Company Snapshot Operational Snapshot 3 Decades of rich Largest Single ENA 32 Bottling Lines 12.5 Mn cases 6 proprietary industry domain Location integrated manufacturing capacity brands experience manufacturing capacity is of 45 Facility MLPA Financial Snapshot Industry Best Net Debt Free 3 year Re
Slide 4: Company Overview
Company Overview Financial Highlights • Associated Alcohols and Breweries Ltd. (AABL) 16% 5,350 was founded by the late Shri Bhagwati Prasad 14% 14% 13% 14% Kedia in 1989. 2,911 3,310 4,116 • It is run today under the stewardship of his two 2,875 sons, Mr. Anand Kedia and Mr. Prasann Kedia. 766 • AA
Slide 5: Board of Directors & Key Management Personnel
Board of Directors & Key Management Personnel P R O M O T Mr. Anand Kumar Kedia Mr. Prasann Kumar Kedia E Founder & Promoter Promoter R S Mr Anshuman Kedia Mr Vedant Kedia Senior Executive & Promoter Group Senior Executive & Promoter Group Mr. Manish Kumar Tibrewal Dr. Apurva P Joshi Mr. Tushar Bhan
Slide 6: Evolution
Evolution 2017 Embarked on Completed the an ambitious 45 MLPA ENA expansion expansion project from (Phase-I) project 31.4 MLPA to 2019 successfully Operated on 1989 2016 45 MLPA Issuance of the expanded Incorporated as bonus shares 2018 ENA capacity a public limited for the first full in the ratio c
Slide 7: Awards & Accolades
Awards & Accolades Award for BEST IMFL WHISKY (Prestige) James McGill Associated Alcohols and Breweries Limited 6
Slide 8: Key Strengths
Key Strengths Co-generation power plant Superior Quality 60% of power coming from captive sources and Multi Grain-based process manufacturer expanding to further 100% Diversified Process residue Presence across alcohol value chain Converted into monetizable by-products, accounting for almost 10% of
Slide 9: Manufacturing Facilities
Manufacturing Facilities • The company has state of the art manufacturing facilities with: • ENA manufacturing capacity of 45 MLPA • 32 Bottling lines • 12.5 Mn cases capacity • 60% co-generation power plant • The company uses various grains like Rice, Maize, Millets, and Sorghum for the manufacturi
Slide 10: Integrated Manufacturing Process
Integrated Manufacturing Process Culture Yeast Spent Grain Sold as cattle feed Grain Silo Milling Liquefaction MPR Decantation Fermentation Distillation ENA / RS ENA Storage Tank Exhaust Steam Blending Tank Boiler Turbine Product Packing Dispatch Associated Alcohols and Breweries Limited 9
Slide 11: Manufacturing
Manufacturing Grain Silo Bottling Boiler Fermentation Section Decantation Section Associated Alcohols and Breweries Limited 10
Slide 12: Geographical Presence & Distribution
Geographical Presence & Distribution Strategic location of the manufacturing facilities in Madhya Pradesh as it is equidistant from large consumer markets like Maharashtra, Delhi, Kerala, Karnataka, and Chhattisgarh. DELHI AABL’s proprietary brands are being sold currently across six UTTAR PRADESH s
Slide 13: Business Overview
BUSINESS OVERVIEW
Slide 14: Business Segments
Business Segments AABL has transformed from a small distillery of manufacturing country liquor to a diversified alcoholic beverages business with a Capacity (MLPA) & Utilizations (%) portfolio covering both manufacturing services as well as direct 45 5 to consumer business: 35 4 Manufacturing Busine
Slide 15: Proprietary Business – IMIL and IMFL
Proprietary Business – IMIL and IMFL IMIL Revenue Growth • Apart from manufacturing and marketing IMIL brands for three decades, AABL has diversified over the years to create 6 of its own proprietary IMFL brands. (INR Mn) • The company’s IMFL brands are being sold today in states like Madhya Pradesh
Slide 16: Licensed / Franchised Brands
Licensed / Franchised Brands • AABL has had a long standing and constantly growing relationship with Diageo for over two decades due to AABL’s integrated manufacturing process and unmatched superior quality ENA. • From supplying ENA to contract manufacturing to job working, AABL is Diageo’s premier
Slide 17: Contract Manufacturing
Contract Manufacturing • Contract Manufacturing helps AABL diversify the business risk by mitigating excessive dependence on any one business segment • The company is known for its superior quality extra fine triple distilled grain spirit which enjoys a high demand from various IMFL brands. • AABL i
Slide 18: Future Growth Strategy
Future Growth Strategy • Expansion plans to cater to the growing needs of the existing domestic and international customers, as well as enhance the company’s presence in all segments of the alcohol consumption value chain by increasing focus on value added high margin products. • Expansion of capaci
Slide 19: Growth Drivers
Growth Drivers Capacity expansion of ENA to Large headroom to grow in the cater to growing demand existing client relationships AABL is a preferred and trusted Key international brands looking supplier due to superior grain to outsource manufacturing and based quality manufacturing shifting to franc
Slide 20: Industry Overview
INDUSTRY OVERVIEW
Slide 21: Industry Overview
Industry Overview • India is the third-largest and fastest growing liquor market in the world. • The India alcohol market was valued at INR 2,807,236.7 bn in 2018, and is expected to reach INR 5,482,851.3 bn by the end of 2027 exhibiting a CAGR of 7.8% for the forecast period (2019-2027). • The ENA
Slide 22: Financial Overview
BUSINESS OVERVIEW FINANCIAL OVERVIEW
Slide 23: Financial Overview
Financial Overview Revenue From Operations EBITDA (In INR Mn) & Net Profit (In INR Mn) & (INR Mn) EBITDA Margins (%) PAT Margins (%) 16% 9% 5,350 766 8% 4,116 7% 514 576 6% 2,875 2,911 3,310 381 396 5% 493 14% 252 303 14% 169 14% 143 13% FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY
Slide 24: Historical Financial Performance
Historical Financial Performance Particulars (INR Mn) FY18 FY19 FY20 Q1-FY21 Operational Income 3,310 4,116 5,350 604 Total Expenses 2,796 3,540 4,584 516 EBITDA 514 576 766 88 EBITDA Margins (%) 15.53% 13.99% 14.32% 14.57% Other Income 31 42 33 10 Depreciation 113 123 141 30 Interest 38 22 21 3 PBT
Slide 25: Balance Sheet
Balance Sheet Particulars (INR Mn) FY19 FY20 Particulars (INR Mn) FY19 FY20 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,163 1,070 Share Capital 181 181 Capital Work in progress 19 112 Other Equity 1,311 1,772 Intangible Assets 1 1 Total Equity 1,492 1,953 Ri
Slide 26: Capital Market Data
Capital Market Data AABL Sensex 60% 40% 20% 0% -20% -40% Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Price Data (30th June, 2020) Shareholding Pattern as on 30th June 2020 Face Value (INR) 10.0 Market Price (INR) 254.6 Public 52 Week H/L (INR) 298.0/122.0 41.5
Slide 27: Disclaimer
Disclaimer 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 the d
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