Chaman Lal Setia Exports Limited · NSE:CLSEL
Chaman Lal Setia Exports — Q4 FY23 Earnings Presentation
35 slides from Chaman Lal Setia Exports's earnings presentation, May 26, 2023
Slide 1: Cover letter to stock exchanges
26.05.2023 To The Manager, The Manager, Bombay Stock Exchange Limited National Stock Exchange of India Limited Floor 25, P.J. Towers “Exchange Plaza” Plot No. C/1, G. Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai-400001 Mumbai - 400051 Scrip Code: - 530307 Symbol: - CLSEL Series: EQ Dea
Slide 2: Investor Presentation Q4 and FY23
QUEEN OF ALL RICES Investor Presentation Q4 and FY23
Slide 3: Index
INDEX CLSEL at a Glance Management Commentary Financial Highlights Business Highlights Key Strategic Pillars Investment Highlights Management Annexures
Slide 4: Disclaimer
DISCLAIMER Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substan
Slide 5: CLSEL at a Glance
CLSEL at a Glance 660 MT / Day Largest Private 3 Star Flagship Brand Processing Label Exporter Export House Since 1974 Exports to 18% Sales CAGR (~48 Years) 90+ Countries in last decade 41% CAGR to 440+ Distributors 300+ 80,000 MT Shareholders in last across Globe Private label brands Warehouse Capa
Slide 6: Journey So Far
Journey So Far CLSEL Founded In-house Brand Second Factory Public Listing Diabetic Friendly Rice New Packaging Unit Globetrotters Third Factory The company Launch Established in Company became Certified for “Rice Set up new Exported to 89 Established in started rice Maharani Basmati Amritsar, Punjab
Slide 7: Management's Commentary
Management’s Commentary Mission We aim to provide consistently fine quality of rice for connoisseurs worldwide and innovation marks our approach to marching Rajeev Setia towards excellence in our field. Our objective is to be consistent in quality and assure Joint MD & CFO timely delivery of finest
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Financial Highlights: Quarterly and Annual
Financial Highlights : Quarterly and Annual Revenue Gross Profit EBITDA PAT FY23 1,387 Cr 329 Cr 159 Cr 118 Cr +49% YoY +18% YoY +67% YoY +81% YoY Revenue Gross Profit EBITDA PAT Q4FY23 357 Cr +15% YoY 64 Cr -31% YoY 49 Cr +41% YoY 38 Cr +68% YoY +1% QoQ -29% QoQ -6% QoQ +1% QoQ Total Debt Cash & Li
Slide 10: Robust growth in revenue and profitability
Robust growth in revenue and profitability Revenue (Rs. Cr) Volume (000’ MT) 24% 49% 1,387 188 152 932 22% 15% 53 310 357 41 Q4FY22 Q4FY23 FY22 FY23 Q4FY22 Q4FY23 FY22 FY23 EBITDA (Rs. Cr) EBITDA Margin (%) PAT (Rs. Cr) PAT Margin (%) 13.6% 10.6% 11.1% 11.5% 10.2% 8.5% 7.3% 7.0% 159 118 95 65 34 49
Slide 11: Financial Performance: Annual Trend
Financial Performance: Annual Trend Revenue (Rs. Cr) EBITDA (Rs. Cr) EBITDA Margin (%) 13.8% 200 14% 180 11.5% 13% 9.9% 10.2% 12% 160 11% 8.2% 10% 140 9% 120 1,387 8% 100 7% 159 6% 932 80 798 851 5% 765 60 118 95 4% 79 3% 63 40 2% 20 1% 0 0% FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Earnings
Slide 12: Financial Performance: Quarterly Trend
Financial Performance: Quarterly Trend Revenue (Rs. Cr) EBITDA (Rs. Cr) EBITDA Margin (%) 60 14.5% 13.6% 16% 14% 11.1% 50 9.8% 12% 8.0% 40 10% 30 8% 410 51 49 354 357 6% 310 34 20 266 33 26 4% 10 2% 0 0% Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Earnings Per Share (Rs.) P
Slide 13: Strong Financial Metrics
Strong Financial Metrics Debt-Equity Ratio Return Indicators ROE ROCE 29% 26% 23%24% 21%22% 19% 16% 17%18% 0.47 0.25 0.27 0.29 0.20 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Current Ratio (times) Book Value Per Share (Rs.) 4.19 4.27 118 3.72 3.64 2.94 79 68 44 53 FY19 FY20 FY21 FY22 FY23 FY1
Slide 14: Superior cash conversion cycle
Superior cash conversion cycle Almost 30% of the finished rice is through the rice milling process (i.e., paddy to Working Capital Cycle finished rice) with the balance ~70% through procurement of semi-finished rice and conversion to finished rice (majorly requiring Sortex). Thus, the overall proces
Slide 15: Business Highlights
Business Highlights
Slide 16: Q4FY23 & FY23 Highlights
Q4FY23 & FY23 Highlights Business Highlights ❑ For FY23, the export volume grew by 28% YoY and export sales grew by 49% YoY to Rs. 1219 Cr. ❑ Average export realization during this period increased by 16% on a YoY basis ❑ Freight expenses have reduced significantly during the year, supporting margin
Slide 17: Marketing Campaigns
Marketing Campaigns Gulfood Dubai 2023 Indusfood 2023 Agro Pack Iraq Erbil 2022 WorldFood Istanbul-2022 16
Slide 18: Indian Basmati rice industry
Indian Basmati rice industry Indian Basmati Rice Exports (Quantity and Value)* Basmati rice is majorly produced in India, with balance quantity from Pakistan. Indian Basmati rice has got Geographic Indication (GI) recognition. 38,524 32,804 8,000 40,000 31,026 Thousands 7,000 29,850 35,000 India has
Slide 19: CLSEL: India's leading private label rice exporter
CLSEL: India’s leading private label rice exporter Over 4 decades of experience in rice export business Exporting since Flagship brand 440+ distributors Exports Entire exports is Recognized as Exports to 90+ 1982; Established ‘Maharani’ has with average contributed insured through a 3 Star Export co
Slide 20: Business Highlights: Exports
Business Highlights : Exports Exports Sales (Rs. Crore) Export Volume (‘000 MT) 1,219 180 168 49% 160 28% 140 131 819 120 100 80 312 314 48 280 36 36 60 40 20 0 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 Average Export realization Rs. 72.7 per kg (+16% YoY) Exports to 90+ Countrie
Slide 21: Key Strategic Pillars
Key Strategic Pillars
Slide 22: Our sustainable business model
1. Our sustainable business model Procurement Processing Quality check Distribution Packaging & Established procurement State-of the-art processing Stringent quality control Exporting to over 90 Warehousing network across all mandis facilities in Karnal, systems to ensure countries presently though
Slide 23: Facilities in proximity to paddy procurement regions
2. Facilities in proximity to paddy procurement regions Karnal facility is nested favorably near the paddy growing areas, providing access to superior raw materials. Further, Gandhidham facility is near to Mundra port, facilitating better export connectivity State of the art processing facility in K
Slide 24: Integrated manufacturing operations
3. Integrated manufacturing operations Karnal (93% of total sales) Gandhidham (7% of total sales) Semi-finished Steaming/ Procurement Dispatch Sortex Parboiling Procurement Grading Packaging Polishing Certifications Grading Organic products BRC [British Retails US FDA ISO 22000:2018 standards USDA C
Slide 25: Wide Product Portfolio
4. Wide Product Portfolio Crgtevraset § pS 80) craw Lp jai & Rice Suitable for Diabetics [ =\ Browns =) Basmati Rice 24
Slide 26: Investment Highlights
Investment Highlights
Slide 27: Key investment highlights
Key investment highlights Sustained cash surplus; robust financial Basmati rice industry performance; shareholder value creation opportunity 06 01 Asset light model with prudent Largest private label inventory management 05 02 exporter of India 04 03 Robust financial profile Strong processing and (C
Slide 28: Sustained improvement in credit rating
Sustained improvement in credit rating Credit Rating : CRISIL A/Stable Dun & Bradstreet Rating This rating reflects adequate degree of safety regarding timely D&B rating of “4A3” with outlook “Positive” servicing of financial obligations. Such instruments carry low credit risk. D&B Indicative Risk R
Slide 29: Shareholder value creation
Shareholder value creation Shareholding Pattern as of March 31, 2023* Shareholder Information as on March 31, 2023 #397 of 500 Fortune India The Next 500 24.96% companies of 2023 1.17% 530307 CLSEL 2214 73.87% BSE Ticker NSE Symbol 41% Total shareholder return CAGR Promoters FII Others Food 889 over
Slide 30: Experienced Management
Experienced Management
Slide 31: Key management team
Key management team Mr. Vijay Setia Mr. Rajeev Setia Chairman & Joint Managing Director Managing Director & CFO Former All India Rice Exporters Association President Mr. Ankit Setia Mr. Sankesh Setia Mrs. Shweta Setia Executive Director Executive Director Executive Director 30
Slide 32: Annexures
Annexures
Slide 33: Financial Summary – Profit and Loss Statement
Financial Summary – Profit and Loss Statement Year Ended Quarter Ended Profit and Loss Statement Growth (Rs. Cr.) Q4 Q4 Growth Q3 Growth FY23 FY22 YoY % FY23 FY22 YoY % FY23 QoQ % 1387.3 932.5 49% Revenue from operations 357.2 309.6 15% 353.9 1% 11.5 3.9 197% Other Income 6.8 0.2 3666% 2.0 234% 1398
Slide 34: Financial Summary – Balance Sheet
Financial Summary – Balance Sheet Equity and Liabilities Mar-23 Mar-22 Assets Mar-23 Mar-22 Equity Share capital 10.3 10.3 Non-current assets Other Equity 598.1 399.2 a) Property, plant and equipment 132.8 52.3 Total Equity 608.5 409.6 b) Capital work in progress 8.8 6.2 Non-current liabilities c) O
Slide 35: Registered Office and Investor Contact
Registered Office : Investor Contact: Meerankot Road, P. O. Central Jail, Ajnala Road, Ms. Kanika Nevtia Amritsar – 143002 India Company Secretary CIN No.: L51909PB1994PLC015083 Mobile: +91 9998680150 Email: ir.chamanlalsetia@clsel.in Click to see the journey of India’s largest private labelled expo
Chaman Lal Setia Exports — Q4 FY23 Earnings Presentation on 6ix