Shree Renuka Sugars Limited · NSE:RENUKA

Shree Renuka Sugars — Q3 FY2011 Earnings Presentation

20 slides from Shree Renuka Sugars's earnings presentation, Aug 11, 2011

  1. Slide 1: Shree Renuka Sugars Q3 FY2011 Earnings Presentation

    power Shree Renuka Sugars Ltd Q3 FY2011 Earnings Presentation Earnings Conference Call Thursday, August11th 2011 at 17:30 hrs IST Primary Number +91-22-6629 0019 ethanol Secondary Number +91-22-3065 0060 The numbers listed above are universally accessible sugar from all networks and all countries To

  2. Slide 2: Important Notice

    Important Notice Forward Looking Statements This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Shree Renuka’s future business developme

  3. Slide 3: Highlights

    Highlights  Consolidated Net Sales increased by 15.9%  Consolidated EBITDA increased by 172.1%  Consolidated Net Profit increased by 106.0%  Gujarat Refinery Commissioned on 25th July 2011 Commenting on the results and performance, Mr. Narendra Murkumbi, Vice Chairman and Managing Director of Sh

  4. Slide 4: Market Overview: Global Sugar Price Trends

    Market Overview Global Sugar Price Trends (Rs / Quintal) Key Perspectives  Price have peaked during 4,500 World White Sugar Feb-11 4,000 Indian White Sugar  Higher than expected 3,500 World Raw Sugar production in Thailand, coupled with exports from 3,000 India, during the 2010-11 in Rs. per quint

  5. Slide 5: Market Overview (Sugar & Ethanol (Brazil) Sector)

    Market Overview (Sugar & Ethanol (Brazil) Sector) Brazil Product Price Trends Historical Prices 50 c/lb 45 c/lb 40 c/lb 35 c/lb 30 c/lb 25 c/lb 20 c/lb 15 c/lb 10 c/lb Jan 10 Feb 10 Mar 10 Apr 10 May 10 Jun 10 Jul 10 Aug 10 Sep 10 Oct 10 Nov 10 Dec 10 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 Jul 11

  6. Slide 6: Consolidated Q3 FY2011 Performance

    Consolidated Q3 FY2011 Performance (Rs. in Million) % Y-o-Y Q3 FY2011 Q3 FY2010 Y-o-Y Key Perspectives Growth • Improved prices in Brazilian Subsidiary Net Sales1 23,660 20,421 15.9% • High Ethanol Sales growth in India • Higher exports of Sugar in India • Higher Contribution from Brazilian Subsidia

  7. Slide 7: Consolidated Q3 FY2011 Financial Performance

    Consolidated Q3 FY2011 Financial Performance Geographic Net Sales1 Breakdown Key Perspectives Q3 FY2010 Q3 FY2011 11%  Marginal sugar cane crushing in India due to end of season 48% 52%  Higher EBITDA margins for Brazilian Subsidiaries 89% India Brazil India Brazil Geographic EBITDA2 Breakdown  Q

  8. Slide 8: Consolidated Quarterly Financial Performance

    Consolidated Quarterly Financial Performance Net Sales1 Trends 30,000 25,588 23,031  Higher realizations in Brazil in Q3 FY2011 25,000 23,660 20,421 20,000 19,305  Strong performance by ethanol in India Rs. Million 15,000  Strong export-based sales growth in sugar 10,000 segment in India in Q3 FY

  9. Slide 9: Consolidated Quarterly Financial Performance

    Consolidated Quarterly Financial Performance Net Profit1 & Margin (%) Trends 2,000 1,860 9.0%  Higher operating margins in Q3 FY 2011 8.0% 1,500 1,281 7.9% 7.0%  Assumption of debt post-Brazil acquisitions in 6.0% Rs. Million Q2 and Q4 FY2010 resulting in higher interest 902 5.0% 1,000 4.0% expens

  10. Slide 10: Standalone Q3 FY2011 Performance

    Standalone Q3 FY2011 Performance India (Rs. in Million) % Y-o-Y Q3 FY2011 Q3 FY2010 Growth Net Sales1 12,028 12,295 (2.2)% EBITDA2 1,329 434 206.2% % Margin 11.0% 3.5% Net Profit3 472 89 430.3% % Margin 3.9% 0.7% Basic EPS4 (Rs.) 0.70 0.13 438.5% Diluted EPS4 (Rs.) 0.70 0.13 438.5% Notes: 1 Net Sale

  11. Slide 11: Standalone Q3 FY2011 Performance

    Standalone Q3 FY2011 Performance Net Sales1 Breakdown - India Q3 FY2010 Q3 FY2011 9% 2% 7% 7% 27% 16% 62% 69% Sugar Trading Cogeneration Ethanol Sugar Trading Cogeneration Ethanol Notes: Net Sales excludes excise duties and includes other income 11

  12. Slide 12: Closing stock as of 30th June 2011 - India

    Closing stock as of 30th June 2011 - India India Unit of Measure Q3 FY2011 Sugar White Sugar MT 260,821 Raw Sugar MT 75,026 Ethanol KL 52,618 Molasses MT 138,660 12

  13. Slide 13: Sales Quantity Q3 FY2011 - India

    Sales Quantity Q3 FY2011 - India India % Y-o-Y Q3 FY 2011 Q3 FY2010 Growth Total Manufactured Sugar (MT) 288,113 306,710 (6.1)% Export (in MT) 195,244 - Domestic (in MT) 97,144 306,710 (68.3)% Ethanol (in KL) 33,741 11,194 201.4% Co-gen (in million units) 80 124 (35.5)% 13

  14. Slide 14: Net Price Realization for Q3 FY2011 - India

    Net Price Realization for Q3 FY2011 - India India % Y-o-Y Q3 FY 2011 Q3 FY2010 Growth Average Manufactured Sugar (in Rs./MT) 29,966 26,722 12.1% Export (in Rs./MT) 33,170 - Domestic (in Rs./MT) 23,526 26,722 (12.1)% Ethanol (in Rs./KL) 26,518 25,575 3.7% Co-gen (in Rs. per unit) 6.37 5.13 24.2% 14

  15. Slide 15: Brazilian Subsidiaries Q3 FY2011 Performance

    Brazilian Subsidiaries Q3 FY2011 Performance Brazil Renuka do Brasil Renuka Vale do Ivai (Rs. in Million) Q3 FY2011 Q2 FY2011 Q3 FY2011 Q2 FY2011 Net Sales1 8,862 5,257 2,123 271 EBITDA2 3,037 1,966 1,133 162 % Margin 34.3% 37.4% 53.4% 59.6% Net Profit3 956 51 431 103 % Margin 10.8% 1.0% 20.3% 38.1%

  16. Slide 16: Sugar: Quarterly Operating Performance

    Sugar: Quarterly Operating Performance Sugarcane Crushed Sugar Production1 5,000 4,454 600 4,108 521 3,843 4,000 500 443 447 417 2,974 7 3,000 2,780 400 338 MT'1000 171 297 166 325 MT'1000 2,255 42 3,360 300 2,000 3,843 167 200 443 410 2,803 1,000 2,255 712 296 281 1,674 100 224 566 158 749 0 146 0

  17. Slide 17: Ethanol & CoGen: Quarterly Operating Performance

    Ethanol & CoGen: Quarterly Operating Performance Ethanol Production Co-Gen Power Exports 180 250 228 156 150 198 190 130 200 176 120 112 120 40 Million Units 150 138 129 KL'000 90 5 143 95 100 60 43 41 150 138 124 50 108 30 17 17 15 18 81 3 9 55 0 0 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q2

  18. Slide 18: Outlook

    Outlook  Improved profitability in Brazilian subsidiaries coupled with strong price for Ethanol  Majority of Brazil sugar production is hedged at minimum price of 23 cents/lbs with upside given current prices  Robust margins in renewable segment providing stability to the overall earnings Sales 

  19. Slide 19: Fact Sheet

    Fact Sheet COMPANY BACKGROUND Shree Renuka Sugars is a global agribusiness and Ethanol: Shree Renuka manufactures fuel grade sugarcane, sugar and ethanol. It is among the most bio-energy corporation. The Company is one of the ethanol that can be blended with petrol. Global efficient major sugar prod

  20. Slide 20: Corporate Office and Contact

    power Shree Renuka Sugars Ltd Corporate Office 7th Floor, Devchand House Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai-400 018. www.renukasugars.com Vishesh Kathuria +91 22 4001 1400 Shree Renuka vishesh.kathuria@renukasugars.com Sugars Ltd. ethanol sugar 20

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