Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Investor Presentation (November 2015)
22 slides from Balrampur Chini Mills's investor presentation, November 2015
Slide 1: Balrampur Chini Mills Limited Company Presentation November 2015
BALRAMPUR CHINI MILLS LIMITED COMPANY PRESENTATION NOVEMBER 2015
Slide 2: Global Scenario
GLOBAL SCENARIO 2
Slide 3: Global sugar demand and consumption outlook
Global sugar demand will increase to 198 mn tones in 2021 and 257 mn tones by 2030 compared with 172 mn tones in 2015 Asia will remain the biggest consumer of sugar, increasing its share of total consumption from around 45% to 50% in 2021 By 2030, India and China will respectively constitute 1
Slide 4: Supply Mismatch
Supply Mismatch • Over last 20 years sugar production has risen by 44% to 176 mn tones World (Figures in million tonnes) • Global consumption expected to rise to 260 mn tones by 2030 Sugar Year (SY)/ Marketing Year (MY) Aug-July (MY) • Production gap of additional 84 mn tones requires to be met ov
Slide 5: Brazil, China, EU and Thailand outlook
BRAZIL • Given the risk from weather and the ethanol balance sheet ~34 mln tons of sugar production estimate in the current season, to be a stretch target • Experts believe – sugar exports to be lower from Brazil • As per reports Brazil have sold 27% advance of its total quantum of sugar to be exp
Slide 6: Indian Scenario
INDIAN SCENARIO 6
Slide 7: Indian sugar industry overview
More than 600 sugar factories in India widely dispersed over UP, Maharashtra and other States Ownership of sugar sector – 55% private sector and 45% in co-operative & Govt. Sector Uttar Pradesh [in North] and Maharashtra [in West] produce 60% of sugar in India Cultivation of cane largely mon
Slide 8: Indian sugar industry key statistics
Area under Sugarcane : 5.10 million hectares Sugarcane Production : 345 million tones Number of Sugar Mills : In excess of 600 Average Capacity of Sugar Mills : 3800 TCD Production of Sugar : 28.2 million tones [2014-15] Average per capita consumption : 21.4 kgs of sugar and 6 kgs of oth
Slide 9: India sugar demand supply balance
(Million Tones) 2010 2011 2012 2014 2015 [E] 2016 [P] Opening Stock 6.1 7.1 7.6 8.2 6.5 9.1 Production 24.4 26.3 25.1 24.3 28.3 26.5 Increase in Production 29.10% 7.79% -4.56% -3.19% 16.46% -6.36% Internal Consumption 20.8 22.4 23.0 24.0 24.5 25.0 Growth Y-O-Y -2.30% 7.69% 2.68% 4.35% 2.08% 2.04% Ex
Slide 10: Recent Developments in Indian Sugar Industry
RECENT DEVELOPMENTS IN INDIAN SUGAR INDUSTRY 10
Slide 11: Government subsidy, soft loan and export quota
The subsidy announced by Govt. of UP for 2014-15 amounting to INR 2100 crs has helped in payment of cane dues. Central Govt. scheme of Soft Loan of ~ INR 6000 crs has also helped in payment of cane dues The Government has announced mill-wise Minimum Indicative Export Quota of 4 mln tons to be
Slide 12: Ethanol pricing and blending programme
Price mechanism has changed from tender based to fixed price Further the removal of excise duty on Ethanol has been exempted from sugar season 2015-16 and the benefit to be passed on to millers / distilleries OMC have floated Main Tender of 266 cr ltrs to be supplied from December 2015 to Nove
Slide 13: Revision in Tariff of Cogen
Revision in Tariff of Cogen • Rate of supply of power under provisions of CERC Regulations have been revised. • On an average there has been an increase of 0.49 paisa per unit of supply by UPERC • This increase is effective from 20th January 2015 Company is generating around INR 20 crs of annual I
Slide 14: BCML Business Model
BCML Business Model 14
Slide 15: Large Capacities
Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 148.20 MW (Saleable) respectively SUGAR COGEN POWER COGEN POWER ORGANIC UNITS CAPACITY DISTILLERY [MW] INSTALLED [MW] SALEABLE MANURE [TCD] [KLPD] CAPACITY CAPACITY [TONS] BALRAMPUR 12
Slide 16: Board of Directors and Shareholding Pattern
Shareholding Pattern Board of Directors AS on 30th September, 2015 Chairman Emeritus : KAMAL NAYAN SARAOGI, Chairman Emeritus, Board of Directors : Promoters 40.83 NARESH CHANDRA [ Retd. IAS], Chairman (Independent Director) VIVEK SARAOGI, Managing Director, Financial Institutions 18.06 MEENAKSHI SA
Slide 17: Business strengths at business unit, technological and operational levels
Level I Level II Level III Business Unit Level Technological Level Operational Level Fully integrated company Second largest sugar crushing Located in India’s second highest capacity sugarcane producing state Superior utilization of fixed assets Latest technology and machinery High operational effic
Slide 18: Statement of Profit & Loss
Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q2 FY16 Q2 FY15 Growth H1FY16 H1FY15 Growth Net Operating 5,010.7 6,826.1 (26.59%) 11,371.9 14,869.7 (23.52%) Revenue EBITDA 33.9 0.9 - (118.4) 467.3 - EBITDA Margin (%) 0.68% 0.01% - (1.04%) 3.14% - Depreciation 283.7 399.9 (29.06%) 564.2 618.6
Slide 19: Segment revenue
(` million) Sugar Cogen Distillery Others Total Q2 FY 2016 4,532.3 144.5 720.9 4.8 5,402.5 Q2 FY 2015 5,950.8 184.0 843.0 4.9 6,982.7 % Shift (23.84%) (21.47%) (14.48%) (2.04%) (22.63%) H1FY 2016 9,790.4 1,041.5 1,359.5 24.7 12,216.1 H1FY 2015 12,770.6 1,169.8 1,536.2 20.8 15,497.4 % Shift (23.34%)
Slide 20: Segment results
(` million) Sugar Cogen Distillery Others Total Q2 FY 2016 (139.5) (67.8) 323.9 1.8 118.4 Q2 FY 2015 (642.6) (90.6) 435.3 (1.0) (298.9) % Shift - - (25.59%) - - H1FY 2016 (1,328.1) 385.5 659.4 5.7 (277.5) H1FY 2015 (1,243.9) 470.8 799.2 1.5 27.6 % Shift - (18.12%) (17.49%) - - 20
Slide 21: Long term debt and debt/equity ratio
Long Term Debt of ` 650.83 crores as on 30th September 2015 Debt / Equity ratio stands at 0.62 21
Slide 22: Thank You
THANK YOU For more information on the Company, please log on to www.chini.com. For further information contact: Mr. Kishor Shah / Mr. Pramod Patwari Registered Office: Balrampur Chini Mills Limited FMC Fortuna, 2nd Floor. 234/3A, A. J. C. Bose Road. Kolkata – 700020 Corporate Identification Number:
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