Balrampur Chini Mills Ltd · NSE:BALRAMCHIN

Balrampur Chini Mills — H1 FY2013 Earnings Presentation

17 slides from Balrampur Chini Mills's earnings presentation, Nov 7, 2012

  1. Slide 1: Balrampur Chini Mills Q2 & H1 FY2013 Results Presentation

    BALRAMPUR CHINI MILLS LIMITED Q2 & H1 FY2013 RESULTS PRESENTATION NOVEMBER 07, 2012

  2. Slide 2: Contents

    Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 8 Financial Overview 10 Segmental Overview 11 2

  3. Slide 3: Company Highlights

    Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 126 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India which Maximization stabilizes revenue streams along with providing a hedge again

  4. Slide 4: Q2 and H1 FY2013 Performance Highlights

    Q2 FY2013 highlights v/s Q2 FY2012  Net Revenue grew by 76.7% to ` 8,882.2 million  EBITDA stood at ` 1,206.6 million  Net Profit stood at ` 488.8 million as compared to loss of ` 394.4 million in Q2 FY12  Diluted EPS at ` 2.00 per share H1 FY2013 highlights v/s H1 FY2012  Net Revenue grew by 4

  5. Slide 5: Management's Message

    Commenting on the performance for Q2 FY2013, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “The most notable development for the sugar sector has been the recommendations of the Rangaranjan committee involving de-regulation of the sector. We are extremely pleased

  6. Slide 6: Expected cane crushing in upcoming sugar season

     The Company expects to crush 9.20 crore quintals of cane in the upcoming sugar season 2012-13 as compared to 8.60 crore quintal during the sugar season 2011 – 12  This is anticipated on the back of expected greater cane availability resulting from increased acreage under sugar cultivation particu

  7. Slide 7: Strong balance sheet and debt position

     The Company has one of the strongest Balance Sheets within the sector – as on 30 September 2012, the Company’s Long Term Debt stood at ` 661.7 crore and as on 7th November 2012 stands at ` 599 crore  Debt-equity ratio stood at 0.53 on 30 September 2012  De-leveraged Balance-sheet along with prom

  8. Slide 8: Sector Perspectives: Rangarajan Committee and sugar production

     In the most recent development, Dr. C Rangarajan Committee made recommendations related to the reform process on the de-regulation of the sugar sector  The recommedations are currently under evalaution by the government and the outcome is expected to be announced soon – objective is to achieve in

  9. Slide 9: Uttar Pradesh acreage and production outlook

     Increase in acreage and stable climatic conditions in East Uttar Pradesh (U.P.) are expected to assist the state in reporting higher production  As per the latest update, sugar production in U.P. is expected to be higher by about 10%  Majority of BCML’s capacity is located in Eastern U.P., which

  10. Slide 10: Statement of Profit & Loss

    Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q2 FY13 Q2 FY12 Growth H1 FY13 H1 FY12 Growth Net Operating 8,882.2 5,027.5 76.7% 15,801.8 10,697.2 47.7% Revenue EBITDA 1,206.6 148.5 712.5% 1,778.5 547.6 224.8% EBITDA Margin (%) 13.6% 2.9% - 11.3% 5.1% - Depreciation 275.6 275.7 (.04%) 549.5

  11. Slide 11: Sugar segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2013 8,243.2 91.2% 749.4 - Q2 FY2012 4,701.0 91.0% (29.9) - % Shift 75.4% - - - H1 FY2013 14,062.4 86.7% 521.7 - H1 FY2012 9,402.9 84.8% (202.5) - % Shift 49.6% - - -  Higher volumes and better sugar realizatio

  12. Slide 12: Sugar production and realization

    Cane Crushed (Lakh Quintals) Recovery (%) 1400 1231.51 12.00 1200 9.14 9.38 9.54 10.00 1000 846.29 8.00 800 6.00 600 483.22 400 4.00 200 2.00 - - 0 0.00 FY 2009 FY 2011 FY 2012 Q2 FY2013 FY 2009 FY 2011 FY 2012 Q2 FY2013 Production (Lakh Quintals) Avg. Realization – Free Sugar (` per kg) 140 40.00 3

  13. Slide 13: Distillery segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2013 590.8 6.5% 232.3 - Q2 FY2012 290.1 5.6% 92.1 - % Shift 103.6% 152.2% - H1 FY2013 1,124.5 6.9% 461.4 - H1 FY2012 787.9 7.1% 251.8 - % Shift 42.7% - 83.3% -  Sales volumes increased by 110% as compared to th

  14. Slide 14: Distillery production, sales and realizations

    Production (KL) Total Sales (KL) 80000 70859.5 70000 63179.3 70000 60000 54717.2 60000 55785 50000 50000 40000 40000 30000 21337.9 30000 20000 12852.9 20000 10178.1 10000 5331.5 10000 0 0 FY 2011 FY 2012 Q2 FY2012 Q2 FY2013 FY 2011 FY 2012 Q2 FY2012 Q2 FY2013 Ethanol production (KL) Blended Realizat

  15. Slide 15: Power segment results

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2013 230.7 2.3% (4.5) - Q2 FY2012 175.5 3.4% (35.8) - % Shift 16.1% - - H1 FY2013 1,002.6 6.2% 441.2 - H1 FY2012 893.1 8.1% 216.2 - % Shift 12.3% - 104.1% -  Overall performance of this business vertical remain

  16. Slide 16: Power generation and sales

    Total Power Generation (Lakh units) 12000 10153.9 10000 8000 7393.0 6000 4000 2000 467.4 364.4 0 FY 2011 FY 2012 Q2 FY2012 Q2 FY2013 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales(` per 7000 unit) 6312 6000 4.15 4.13 5000 4676 4.10 4000 4.05 4.02 3000 3.99 4.00 4.00 2000

  17. Slide 17: About Balrampur Chini Mills Limited

    About Balrampur Chini Mills Limited Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of bio-compost. The Company presently has ten sugar factori

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