Slide 1: Globus Spirits Limited Q4 & FY'14 Investor Presentation
Globus Spirits Limited Q4 & FY’14 INVESTOR PRESENTATION
Slide 2: Safe Harbor
Safe Harbor 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 Globus Spirits’ future business developments and economic performance. W
Slide 3: Agenda
Agenda Q4 & FY’14 Performance Business overview.................................................................04 Financial overview FY14……………………………………...07 Financial overview Q4’FY14…………..……………………..11 Strategic outlook………………………………………………12 Annexure Shareholding pattern………………………………………...16
Slide 4: India's leading Spirits company
India’s leading Spirits company Unique 360° model with established presence across all segments of spirits value chain IMIL Leading IMIL co – 7.9mn cases sold in FY14 Rajasthan‘s largest private player, 2nd largest in Haryana Pioneered IMIL branding– portfolio of 4 key brands IMFL Flagship Nimboo R
Slide 5: Geographical expansion into East India on track
Geographical expansion into East India on track New markets to usher next growth wave – will replicate 360° model in new states Haryana 21.7mn cases (FY14), Bihar IMIL market -13% YoY degrowth 22mncases(FY13) Wins IMIL tender for Patna 20.4% FY09-13 CAGR GSL 2nd largest IMIL District –
Slide 6: Brand showcase
Brand showcase Nimboo County Hannibal White Lace Club Legendary 1st IMIL brand in First GSL brand to 3rd largest India positioned as Whisky get approved for selling gin in awesome mix of product CSD Rum market its category natural lemon targeted at of over 5 mn young in Rajasthan flavor with strong
Slide 7: FY14: Resilient performance in a challenging year
FY14: Resilient performance in a challenging year Figures in Rs Million Gross Revenues EBITDA PAT Cash Profit FY14 6,616 450 43 387 FY13 6,406 703 342 507 Gross revenues up 3%YoY at Rs 6,616mn in FY14 with manufacturing volumes compensating decline in consumer revenues mainly due to decline in key
Slide 8: High utilization achieved: focus on manufacturing business
High utilization achieved : focus on manufacturing business Higher utilizations Net revenues break-up 75% 80% 70 72% FY13 FY14 70% 60 67 Bulk Own IMFL Own IMFL 62 60% 2% alcohol 1% Bulk 50 27% alcohol 50% 33% 40 40% IMIL 30 30% 46% IMIL 20 20% 53% Franchisee IMFL 10 10% 7% Franchisee - 0% Others IMF
Slide 9: Robust growth across manufacturing businesses
Robust growth across manufacturing businesses Figures in Rs Million Rajasthan bottling* Haryana Bottling Bulk Alcohol Sales 488 32 32 35 45 50 1,200 484 1,400 43 43 500 45 40 30 1,000 1,084 1,200 1,316 35 19% 38 40 400 1,217 55% 1,000 8% 25 30 YoY 35 800 YoY YoY 32 30 20 25 300 800 25 600 698 20 15
Slide 10: Consumer – steady growth in Rajasthan IMIL, net realizations
Consumer – steady growth in Rajasthan IMIL, net realizations Volumes in ‘000 Cases, Gross Realisations in Rs per case IMIL IMFL 14,000 600 400 288 12,000 259 500 300 350 10,000 274 300 870 400 250 8,000 494 5,141 300 352 200 6,000 2,743 150 200 4,000 4,217 4,643 100 2,000 100 108 50 - - - FY13 FY14
Slide 11: Q4'FY14: Impacted by increase in indirect expenses
Q4’FY14: Impacted by increase in indirect expenses Figures in Rs Million Gross Revenues EBITDA PAT Cash Profit Q4’FY14 1,701 78 (62) 48 Q4’FY13 1,616 109 33 78 Gross revenues up 5% YoY to reach Rs 1,701mn in Q4’FY14. Net sales and other operating income decline 5% YoY to reach Rs 1,208mn in Q4’FY1
Slide 12: Strategic outlook
Globus Spirits Strategic outlook 12
Slide 13: Strategic outlook
Strategic outlook Near Term Strategy Present Future One of the largest grain based distilleries with highest recovery Maintain unique 360° Enter fast growing IMIL markets in Eastern India: model of diversified Leader in North Indian Bihar and West Bengal business straddling the IMIL market e
Slide 14: Unique competitive strengths
Unique competitive strengths 360° business Strong Consumer Efficient Healthy balance- model portfolio Operations sheet •Only company •46% share in net •State-of-the-art •Funding for present across full revenues plants across three greenfield alcobev value chain •Leadership in key locations using lat
Slide 15: Annexure
oh2 bo bi Ons Globus Spirits Annexure 15
Slide 16: Shareholding Pattern
Shareholding Pattern As on 31st March, 2014* Outstanding shares – 23.0 mn Public & Others, 19.5% Major Non-Promoter % Corporate, Shareholders* shareholding 4.0% SBI Emerging Business Fund 7.57% DII, 7.7% FII, 1.6% Promoters, 67.3% Note: *Templeton Strategic Emerging Markets Fund IV holds 5.04mn cumu
Slide 17: Q4 & FY14: Profit and loss statement
Q4 & FY14: Profit and loss statement Particulars (In ` Mn) Q4 FY14 Q4 FY13 YoY (%) Q3 FY14 QoQ (%) FY14 FY13 YoY (%) Gross Sales 1,701 1,616 5% 1,690 1% 6,616 6,406 3% Less- Excise duty & Discounts 494 339 46% 445 11% 1,655 1,388 19% Net Sales 1,207 1,277 -5% 1,244 -3% 4,961 5,018 -1% Other Operatin
Slide 18: FY14: Balance Sheet
FY14: Balance Sheet Particulars (in ` Mn) 31-Mar-14 31-Mar-13 Key Ratios 31-Mar-14 31-Mar-13 Liabilities Debt-Equity Ratio 0.3 0.2 Shareholders' Funds 3,508 3,503 Adjusted D/E* 0.6 0.5 Non-Current Liabilities Net Fixed Assets Turnover (x) 1.2 1.4 Long Term Borrowings 204 328 Inventory days 35 37 Def
Slide 19: About Us
About Us Established in 1992, Globus Sprits Limited (BSE code: 533104, NSE Id: GLOBUSSPR, ISIN Id:INE615I01010) is engaged in manufacturing, marketing and sale of Indian Made Indian Liquor(IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands. The C