Bcl Industries Ltd · NSE:BCLIND
Bcl Industries — H1 FY2019 Earnings Presentation
31 slides from Bcl Industries's earnings presentation, November 2018
Slide 1: Investor Presentation November 2018
INVESTOR PRESENTATION NOVEMBER 2018
Slide 2: Index
2 INDEX 3 Executive Summary 4 Company Overview 10 Business Overview 11 Distillery 16 Edible Oil & Vanaspati 21 20 Real Estate 21 2018-19 H1 Key Operational Highlights 22 Industry FinancialOverview Overview 25 Financial Overview
Slide 3: Executive Summary
3 Executive Summary Company Overview • BCL is a part of the Mittal Group founded in 1976, by Late Shri D. D. Mittal. • Under the stewardship of Mr. Rajinder Mittal, the company has now grown into an INR 10,000 Mn business empire. • The company is a diversified conglomerate in manufacturing and devel
Slide 4: Company Overview
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Slide 5: Company at A Glance
5 Company at A Glance Revenue Growth (INR Mn) • Founded in 1976, BCL Industries Limited (BCL) is a part of the Mittal 8,576 Group, founded by Shri D. D. Mittal. Now under the stewardship of Mr. Rajinder Mittal, the company has now grown into an 6,713 INR 10,000 Mn business empire. 5,329 4,086 • BCL
Slide 6: Board of Directors
6 Board of Directors R.C. Nayyar - Chairman & Independent Director S.N. Goyal - Whole Time Director • An Indian Administrative Services graduate • Post Graduate in Commerce from 1982 batch and retired as Additional • Has 4 decades of experience in commerce and Chief Secretary, Government of Punjab.
Slide 7: Our Evolution Since Inception
7 Our Evolution Since Inception 1976-80 2006-10 • In 1976, we started off with a solvent extracted plant, extracting oil • In 2006, the Company ventured into Distillery-Ethanol Industry from rice bran. production by acquiring a substantial share in Pioneer Industries • The production of oil commence
Slide 8: Awards
8 Awards • Hind Gaurav Award 1994 - All India Achievers Conference, New Delhi • State Export Award 1993-1994 - Department of Industries, Punjab • Great Achiever of Industrial Excellent Award-2006 - Council for Economic Growth & Research, New Delhi • B.K. Goenka SEA Award 2006-10 - 4 Consecutive Year
Slide 9: Key Strengths
9 Key Strengths Four plus decades of rich experience, Vertically integrated state of art plants and landmark housing projects Technologically advanced machines bringing growth and ingenuity in the market The only company in India and the South Asian region that has a forward and backward integrated
Slide 10: Business Overview
BCL Industries Limited BUSINESS OVERVIEW
Slide 11: Distillery
11 Distillery Financial Highlights • In 2006, the company ventured into Distillery-Ethanol Industry production by acquiring a substantial share in Pioneer Industries Particulars 2015-16 2016-17 2017-18 2018-19 H1 Limited in Pathankot, Punjab. (INR Mn) • One of the largest grain-based spirit manufact
Slide 12: Manufacturing Process of Distillery Complex
12 Manufacturing Process of Distillery Complex CO-GENERATION PROCESS DISTILLATION BOTTLING PLANT HOUSE PLANT PLANT Production Data 15,289 36,935 21,520 11,116 29,983 34,432 65,699 21,188 2015-16 2016-17 2017-18 2018-19 H1 ENA (In KL) DDGS Feed (In MT) Total Capacity: Capacity By introducing an eco-f
Slide 13: Expansion Plans
13 Expansion Plans To capitalize on the ENA supply demand deficit scenario of North-Eastern India, BCL joined with the regional player M/s. Svarna Infrastructure to set up a 200 KLPD state-of-the-art ENA plant under its subsidiary M/s. Svaksha Distillery Limited (SDL). With its local presence and ex
Slide 14: Growth Drivers
14 Growth Drivers • With persistent efforts from the company along with the Alcohol demand of 6.3 Bn litres expected to grow at 12%. support of the State Government, the Central Alcohol Demand 2018-19 (Bn Litres) Government has approved and notified the National Policy on Biofuels-2018. The policy w
Slide 15: National Policy on Biofuels 2018: Expected Benefits
15 National Policy on Biofuels 2018: Expected Benefits Decreasing Import Dependency: One crore litres of E10 saves INR 28 crore in foreign exchange. India saved forex worth INR 40,000 Mn in financial year 2017-18 due to the ethanol blending programme. The Government of India aims to increase these s
Slide 16: Edible Oil and Vanaspati
16 Edible Oil and Vanaspati Financial Highlights Financial (INR Mn) Highlights • The company is engaged in the manufacturing of Vanaspati, Refined Oils, Expelling of Oils from Seeds, Solvent Extraction of Oils from Seeds, De-oiled cakes and Basmati & Para-boiled Rice. Particulars 2015-16 2016-17 201
Slide 17: Our Flagship Brands
17 Our Flagship Brands We sell our edible oil under various brands and our flagship brands are Homecook, Do Revenue Break-Up Khajoor and Murli. Our Homecook brand offers wide varieties of refined oils, which Contract include soybean oil, sunflower oil, cottonseed oil and rice bran oil which is sold
Slide 18: Oil Manufacturing Units for Edible Oil
18 Oil Manufacturing Units for Edible Oil Edible Oil Refinery Capacity: 200 MT/Day Utilization: 57% Chemical refining is done to manufacture refined edible oil, which goes through three process: • Degumming and neutralisation • Bleaching • Deodorisation Vanaspati Manufacturing Capacity: 100 MT/Day U
Slide 19: Oil Manufacturing Units for Edible Oil
19 Oil Manufacturing Units for Edible Oil Oil Seed Crushing Unit Capacity: 200 MT/Day Oil expeller, also known as screw press, works mainly on pressure volume ratio contraction to extract oil from oilseeds. In our unit, we generally extract oil from cottonseed, mustard and sunflower.
Slide 20: Real Estate
20 Real Estate • Foraying into the business of real estate was part of the strategies to diversify risk and broaden the company’s offerings so as to lessen the vagaries and challenges of the other industries the company is engaged in. The company foresees enough potential, given the rising demand fo
Slide 21: 2018-19 H1 Key Operational Highlights
21 2018-19 H1 Key Operational Highlights Distillery: • The Company’s performance in the current quarter was affected on account of the partial closure of its state-of-the-art Distillery Unit at Bathinda for converting part of its capacity to Ethanol. The Company has already bagged the tender to supp
Slide 22: Industry Overview
22 INDUSTRY OVERVIEW BCL Industries Limited m v SF Yt 3 R=. A tg ‘
Slide 23: Indian Distillery Industry
23 Indian Distillery Industry ADDRESSING AN UNPRECEDENTED OPPORTUNITY • India is the world’s third largest liquor market with an overall retail market size of $35 billion per annum. • In terms of revenue in the Alcoholic drinks market, India generated US$ 67,661 Mn in 2018. The market is expected to
Slide 24: Indian Edible Oil Industry
24 Indian Edible Oil Industry • The Edible Oil Market is currently estimated at INR 1.30 lakh crores. • India has approximately 15,000 oil mills, 711 solvent extraction units and over 585 refineries employing more than one million people. • The import of edible oils increased by 1.7% on a y-o-y basi
Slide 25: Financial Overview
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Slide 26: Half Yearly Income Statement
26 Half Yearly Income Statement Particulars (INR Mn) 2018-19 H1 2017-18 H1 Y-o-Y Total Income* 4,086 3,892 5.0% Total Expenses 3,659 3,596 1.8% EBITDA 427 296 44.3% EBITDA Margins (%) 10.45% 7.61% 284 bps Depreciation 54 62 (12.9)% Interest 102 135 (24.4)% PBT 271 99 173.7% Tax 41 10 310.0% Profit A
Slide 27: Historical Consolidated Income Statement
27 Historical Consolidated Income Statement Particulars (INR Mn) 2014-15 2015-16 2016-17** 2017-18** Total Income* 6,830 5,329 6,760 8,576 Total Expenses 6,402 5,023 6,347 8,039 EBITDA 428 306 413 537 EBITDA Margins (%) 6.27% 5.74% 6.11% 6.26% Depreciation 83 78 85 106 Interest 243 140 214 208 Excep
Slide 28: Consolidated Balance Sheet (Ind-AS)
28 Consolidated Balance Sheet (Ind-AS) Particulars (INR Mn) 2016-17 2017-18 2018-19 H1 Particulars (INR Mn) 2016-17 2017-18 2018-19 H1 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 843 1,352 1,306 Share Capital 142 157 174 Capital Work in progress 540 - - Other
Slide 29: Capital Market Data
29 Capital Market Data 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Sensex BCL Price Data (30th September, 2018) Shareholding Pattern as on 30th September, 2018 Face Value (INR) 10.0 Market Price (INR) 101.05 52 Week H
Slide 30: Disclaimer
30 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 th
Slide 31: Thank You
BCL Industries Limited