Dhampur Bio Organics Ltd · NSE:DBOL
Dhampur Bio Organics — Q1 FY2025 Earnings Presentation
33 slides from Dhampur Bio Organics's earnings presentation, Jul 25, 2024
Slide 1: Cover letter to stock exchanges
Dhampur Bio Organics Ltd. Date: July 25, 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: 5435
Slide 2: Dhampur Bio Organics Limited Q1FY25 Results Presentation
Dhampur Bio Organics Limited A leading integrated sugarcane processing company in India Q1FY25 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
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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: Financial & Operational Highlights | Q1FY25
Financial & Operational Highlights | Q1FY25 (Standalone Financials) 10
Slide 12: Q1FY25 | Highlights
Q1FY25 | Highlights Sugar Revenue ₹637.84 Crores (5.85)% Increase / (Decrease) Revenue Increase / (Decrease) (5.68)% YoY EBITDA Bio Fuel & Spirits ₹34.68 Crores Company Segmental (55.09)% Margin (Q1FY25) (Q1FY25) Revenue Increase / (Decrease) 5.44% YoY PAT Country Liquor ₹1.11 Crores 34.24% Margin R
Slide 13: Revenue Analysis (Q1 FY25 vs Q1 FY24)
Revenue Analysis (Q1 FY25 vs Q1 FY24) (₹ In Crores) ₹ 676 ₹ 34 -₹ 30 ₹ 638 -₹ 1 -₹ 5 ₹ 43 -₹ 34 ₹4 -₹ 49 Revenue Sugar Sugar Bagasse Power Syrup Ethanol Country Others* Revenue Q1FY24 Domestic Export Liquor Q1FY25 12 1. Others includes other ancillary products
Slide 14: Key Financials – Q1FY25
Key Financials – Q1FY25 (₹ In Crores) Revenue from Operations EBIT & EBIT Margin (%) PAT & PAT Margin (%) 6.52% 2,648.60 200.00 7.00% 120.00 20.00% 2,361.16 180.00 6.00% 18.00% 172.59 100.00 160.00 16.00% 140.00 4.45% 5.00% 112.02 14.00% 80.00 120.00 3.58% 4.75% 4.00% 12.00% 100.00 112.14 60.00 10.0
Slide 15: Profit & Loss Statement – Q1FY25
Profit & Loss Statement – Q1FY25 (₹ In Crores) Particulars (₹ in Crores) Q1FY25 Q1FY24 YoY FY24 FY23 YoY • Revenue at ₹ 637.84 Crores in Q1FY25 – Revenue from Operations 637.84 676.26 -5.68% 2,361.16 2,648.60 -10.85% – Sugar down by 5.85%, at ₹ 428.77 crore, on account of low sugar sales volumes EBI
Slide 16: Segmental Performance | Q1FY25
Segmental Performance | Q1FY25 (Standalone Financials) 15
Slide 17: Segment Highlights – Q1FY25
Segment Highlights – Q1FY25 Revenue (₹ In Crores) & EBIT Margin (%) Sugar Biofuel & Spirits Country Liquor 4.52% 5.19% 4.52% 4.99% 11.91% 11.55% 19.32% 10.83% 1.37% 1.32% 0.48% 1.59% 2,500.00 2,252.47 900.00 900.00 800.00 800.00 2,000.00 700.00 700.00 1,590.16 594.37 563.76 521.36 600.00 600.00 1,50
Slide 18: Segment Overview – Q1FY25
Segment Overview – Q1FY25 (₹ In Crores) Segment Performance Particulars (₹ in Crores) Q1FY25 Q1FY24 YoY FY24 FY23 YoY Sugar Revenue 428.77 455.43 -5.85% 1,590.16 2,252.47 -29.40% EBIT 22.25 20.57 8.17% 79.41 101.70 -21.92% EBIT Margin (%) 5.19% 4.52% 67 bps 4.99% 4.52% 48 bps Biofuel & Spirits Reven
Slide 19: Operational Performance – Q1FY25
Operational Performance – Q1FY25 Particulars UOM Q1FY25 Q1FY24 FY24 FY23 Sugar Sugar Production Tons 26,811 49,916 4,23,489 3,50,578 Sugar Sales Tons 95,153 97,968 3,03,414 4,53,144 Avg. Realisation ₹/Ton 39,153 37,621 38,350 36,684 Inventory* Tons 2,01,713 1,06,133 2,69,459 1,47,108 Valuation Rate
Slide 20: 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) 37,621 39,153 4.53 38,350 50.00 45.00 11.73% 43.22 41.44 10.32% 14.00% 5.00 4.
Slide 21: 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) 120.00 61.08 58.52 60.83 58.81 70.00 98.06 93.14 6.45 100.0
Slide 22: Operational Highlights – Renewable Energy & Country Liquor
Operational Highlights – Renewable Energy & Country Liquor Renewable Energy Country Liquor Generation (Mn Units) Exports (Mn Units) Average Realisation (₹/Unit) Sales (Cases) Avg. Realisation (₹/Case) 30,00,000 500.00 400.00 4.00 3.44 3.44 345.31 3.44 25,04,325 450.00 350.00 3.30 3.50 25,00,000 302.
Slide 23: Balance Sheet Highlights
Balance Sheet Highlights (₹ In Crores) Long Term Loans Working Capital (Cash Credit Limits) Long Term Debt : Equity Ratio ₹230 Crores ₹651 Crores 0.23 times as on June 30, 2024 as on June 30, 2024 as on June 30, 2024 ₹241 Crores ₹806 Crores 0.24 times as on March 31, 2024 as on Mar 31, 2024 as on Ma
Slide 24: Industry dynamics
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Slide 25: 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 5.5 b) Gross Production during the Season 36.6 34 Sugar Production in Key States c) Diversion for Ethanol 3.8 2.0 (Sugar Season 23-24) States Gross Production Net Pr
Slide 26: Bio Fuels Scenario
Bio Fuels Scenario • ESY 23-24, CH derived ethanol price increased from Rs. 49.41 per litre to Rs. 56.28 per litre. Also, maize derived ethanol price increased from Rs. 66.07 per litre to Rs. 71.86 per litre. Feedstock wise prevailing ethanol prices are as under:- Basic Rate for Ethanol (Rs. Per Ltr
Slide 27: Balanced Growth for a Sustainable Tomorrow
Balanced Growth for a Sustainable Tomorrow Summary of ESG content 26
Slide 28: 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 29: 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 30: Annexures
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Slide 31: 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 32: Shareholders Information
Shareholders Information Individual Shareholders Shareholder Information as on 30th June 2024 39% BSE Ticker 543593 Others NSE Symbol DBOL 7% Market Cap (in Rs. Crores) 765.12 NRI 1% % Free- float 49.22% FII 2% Free Float Market Cap (in Rs. Crores) 376.59 Shares Outstanding (Crores) 6.64 3M ADTV (Sh
Slide 33: Thank You
Thank You Ernst & Young LLP: Dhampur Bio Organics Limited: Rohit Anand: Rohit.anand4@in.ey.com Nalin Kumar Gupta, Chief Financial Officer Abhishek Bhatt: Abhishek.bhatt3@in.ey.com nalingupta@dhampur.com Riddhant Kapur: Riddhant.kapur@in.ey.com Corp. Office: Second Floor, Plot No. 201, Okhla Industri
Dhampur Bio Organics — Q1 FY2025 Earnings Presentation on 6ix