Godavari Biorefineries Limited · NSE:GODAVARIB
Godavari Biorefineries — Q2 FY25 Earnings Presentation
39 slides from Godavari Biorefineries's earnings presentation, Nov 19, 2024
Slide 1: Cover letter to stock exchanges
Dated: November 19, 2024 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Tower, Bandra Kurla Complex, Bandra (E), Dalal Street Mumbai – 400 051 Mumbai-400001 Script Symbol: GODAVARIB S
Slide 2: Godavari Biorefineries Limited Investor Presentation November 2024
Godavari Biorefineries Limited Investor Presentation| November, 2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Godavari Biorefineries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: Company Overview
Godavari Biorefineries Ltd \ Company Overview GROUP
Slide 5: Business at a Glance
Business at a Glance Integrated Bio-refinery across value chain: Sugar, Branded Sugar, Ethanol, Bio Based Chemicals & Power Large network of farmers Widest portfolio of Relationships built with Bio-based products in India Farmers for over 5 decades One of the top fifteen 60+ Years of Experience suga
Slide 6: With over Eight decades of experience
with over Eight decades of experience 1939 2014 2015 2016 2019 2020 2023 2024 1939: Incorporation of Launch of Jivana Brand Investment by Mandala Commencement of Distillery capacity Distillery capacity Consent to operate from Listing on NSE & Godavari Sugar Mills Capital AG Limited in manufacturing
Slide 7: Integrated Bio-refinery across value chain
Integrated Bio-refinery across value chain: Sugar, Ethanol, Bio-Chemicals, Power & Others… BHUMILABH FARM INPUTS (BIO-FERTILAZERS) SUGARCANE WAX CELLULOSE BIOGAS PRESSMUD GRAIN DERIVATIVES SUGARCANE CELLULOSE BEVERAGE SUGAR FARM ELECTRICITY 2G ETHANOL POTASH MOLASSES JUICE BAGASSE BIOCOMPOSITE RECTI
Slide 8: Focus on Improving Sugarcane Valorisation
….with Focus on Improving Sugarcane Valorisation Widest One of the top fifteen Large network of farmers Portfolio of bio-based products in India1 sugar complexes in India in terms of Crushing Capacity KARNATAKA MAHARASHTRA SAMEERWADI MANUFACTURING FACILITY SAKARWADI MANUFACTURING FACILITY Molasses E
Slide 9: Flexibility in Product Mix
…with capabilities to offer flexibility in Product Mix ~ 1,17,826 MTPA 570 KLPD Bio-based Chemical Installed Capacity Ethanol Capacity ~24,07,038 MT Manufacturing Sugarcane Crushed Matrix ~ 1,70,772 MWhr Power Generated from Cogeneration segment 8 Figures are as on Mar’24
Slide 10: In-house Research and Development Capabilities (1/3)
Well-developed in-house Research and Development Capabilities (1/3) R&D facilities focused on the development of new products… GBL has 3 DSIR registered R&D facilities Primarily focused on Identification and development of new potential marketable products; Navi Mumbai Improve manufacturing Sakarwad
Slide 11: In-house Research and Development Capabilities (2/3)
Well-developed in-house Research and Development Capabilities (2/3) …supplemented through tie-ups/ MOUs MOU with KIAAR • GBL has entered into an MOU with KIAAR to carry out joint research activities in various fields including: Soil Testing Tissue culture settlings Bio Modern fertilizers Technology
Slide 12: In-house Research and Development Capabilities (3/3)
Well-developed in-house Research and Development Capabilities (3/3) Cancer Molecule Research GBL has entered into an MOU with Dr. Sendurai Mani in connection with the research & development of small molecule inhibitors for cancer and obtained approval from the Central Drugs Standard Control Organisa
Slide 13: Diversified Presence across Geographies
Diversified Presence across Geographies GBL supplies its products to customers over 20 countries Netherlands UK Canada Switzerland France Germany Italy South Korea USA Lebanon Israel Japan India China UAE Uganda Singapore Kenya Indonesia Brazil Australia GBL has an in-house team of 37 employees dedi
Slide 14: Diversified Marquee Customer Base
Diversified Marquee Customer Base Select Customers Hindustan Coca- Cola Beverages Private Limited LANXESS India Private Limited 13
Slide 15: Diversified Industrial Applications
Diversified Industrial Applications FMCG PHARMACEUTICALS FRAGRANCE BIOFUELS AGROCHEMICALS POWER CHEMICALS PERSONAL CARE AND COSMETICS 14
Slide 16: Strongly positioned to Future Growth
Strongly positioned to Future Growth Strengthen its relationships with Farmers Use renewable energy resources by accessing its biomass pool Use in-house knowledge and R&D expertise to expand its presence in bio-based chemicals Ride the global industrial and environmental green energy transition, dec
Slide 17: Part of the Somaiya Group with Experienced Promoter & Board
Part of the Somaiya Group with Experienced Promoter & Board of Director Promoter has played a significant role in the development and growth of the company... Shri Samir Shantilal Somaiya (Chairman & Managing Director) • Conferred with the ‘ Knight of the Order of the Star of Italy’ • Conferred with
Slide 18: Key Awards, Accreditations and Recognitions
Key Awards, Accreditations and Recognitions 2024 2023 2022 Godavari Biorefineries Ltd, Godavari Biorefineries Celebrating Excellence in GBL gets FICCI Chemical GBL Sameerwadi Clinches Godavari Biorefineries Godavari Biorefineries Sameerwadi awarded the Limited Wins at 4th India Quality Standards: an
Slide 19: Industry Overview
Industry Overview GROUP
Slide 20: Industry Tailwinds | Bio-based Chemicals
Industry Tailwinds | Bio-based Chemicals Demand for bio-based chemicals has been growing rapidly owing to the increasing need for environmentally sustainable solutions Global Biochemical Market (USD bn) Global Biochemical Market - 2023 (by application) 10.4% CAGR 5% Industrial Chemicals CAGR-10.4% 1
Slide 21: Industry Tailwinds | Indian Ethanol Market
Industry Tailwinds | Indian Ethanol Market Indian Ethanol market is set to grow at a CAGR of ~20% during 2023-2028 …with majority generated through B - heavy molasses Indian Ethanol Market (USD bn) Ethanol - 2023 (by source) 1% CAGR-20.0% GBL is among the first few companies 17.5 in India to utilize
Slide 22: Key Growth Drivers
Key Growth Drivers Global India Climate Change Climate Change Customer preferences Energy Security Regulation and Boardroom Commitments Transition to bio-based chemicals and green energy Farmer Income Security 21
Slide 23: Key Business Strategies
Key Business Strategies Increase share of Improve feedstock Focus on sustainable Diversify product business of existing Reduce of borrowings security and increase practices and offerings and Improve customers and and leverage value derived from strengthening control operational efficiency diversifyi
Slide 24: Q2 & H1FY25 Quarterly Performance
Q2 & H1FY25 Quarterly Performance
Slide 25: Listed on NSE and BSE in Oct 2024
Listed on NSE and BSE in Oct 2024 Godavari Biorefineries Limited (GBL) got Listed on 30th October 2024 Shareholding Pattern October 2024 (As on 29th October 2024) ▪ Listed on NSE & BSE 21.0% ▪ Final Issue Price : Rs. 352 per share ▪ Objects of the Issue: Proceeds of Rs. 325 Crs to be utilized for o
Slide 26: Quarterly Financial Build-up (Seasonal Nature of Business)
Quarterly Financial Build-up (Seasonal Nature of Business) (in INR Mn) Revenue from Operations EBITDA PAT 20,147 1,541 More than 100% 123 1,479 of annual EBITDA 196 1,405 in H2 for last 3 191 17,023 16,867 financial years 652 7,398 622 922 652 6,181 1,385 1,244 6,152 1,024 384 384 3,417 214 -64 3,68
Slide 27: H1FY25 Performance Highlights
H1FY25 Performance Highlights Revenue from Operations Key Highlights Rs. 8,434.8 Mn ▪ The Indian government's halt on ethanol production from sugarcane juice in 2023-24 impacted ethanol production & (+25% Y-o-Y) sales. With good monsoons, the government lifted restrictions for the 2024-25 Ethanol su
Slide 28: Q2FY25 Performance Highlights
Q2FY25 Performance Highlights Revenue from Operations EBITDA Profit Before Tax Profit After Tax (PBT) (PAT) Rs. 3,209.5 Mn Rs. (315.3) Mn Rs. (641.1) Mn Rs. (750.0) Mn +34% (Y-o-Y) Sales Volume Q2FY25 Revenue-Mix * Q2FY25 Geographical Split (in Qtl) (in MT) (in KL) 9% 7% +153% +15% -45% 4,10,140 11,
Slide 29: Consolidated Profit & Loss Statement – Q2 & H1FY25
Consolidated Profit & Loss Statement – Q2 &H1FY25 Particulars (in INR mn) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1 FY25 H1 FY24 Y-o-Y Revenue from Operations 3,209.5 2,393.1 34.1% 5,225.3 (38.6%) 8,434.8 6,734.5 25.2% Other Income 11.0 9.5 27.5 38.5 18.2 Total Revenue 3,220.5 2,402.6 34.0% 5,252.7 (38
Slide 30: Summary Statement of Assets and Liabilities
Summary Statement of Assets and Liabilities Particulars (in INR mn) Sep 24 Mar 24 Particulars (in INR mn) Sep 24 Mar 24 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY (i) Property, plant and equipment 8,306.1 8,486.1 (i) Equity share capital 419.4 419.4 3.7 4.5 (ii) Other equity 3,577.1 4,5
Slide 31: Summary statement of Cashflow
Summary statement of Cashflow Particulars (in INR mn) Sep 24 Sep 23 Cash Flow from Operating Activities Profit before Tax (1,057.5) (908.6) Adjustment for Non-Operating Items 624.6 680.8 Operating Profit before Working Capital Changes (432.8) (227.8) Changes in Working Capital 752.1 1,240.6 Cash Gen
Slide 32: Capacity Expansion
Capacity Expansion Sugarcane Capacity Ethanol Capacity (in TCD) (in KLPD) +20% 18,000 +50% 570 15,000 380 FY23 FY24 FY23 FY24 Further Expansion up to 1000 KLPD Obtained environmental clearance for such expansion In FY24 & H1FY25, enhanced capacity remained underutilized due to a pause in the biofuel
Slide 33: Historical Financial Performance
Historical Financial Performance
Slide 34: Consistent & Strong Financial Performance
Consistent & Strong Financial Performance Revenues from Operations (INR Mn) and margins (%) Rising share of Bio-based chemicals & Distillery Segments* 8.2% 8.7% 7.6% 0.5% 0.8% 2.1% 0.6% 2.5% 2.1% 28.8% 31.4% 33.3% 20,147 17,023 16,867 38.0% 32.4% 30.0% 30.4% 33.7% 33.4% FY22 FY23 FY24 FY22 FY23 FY24
Slide 35: Summary Statement of Profit and Loss
Summary Statement of Profit and Loss Particulars (in INR mn) FY24 FY23 FY22 Revenue from Operations 16,866.7 20,146.9 17,023.3 Other Income 144.0 83.9 76.5 Total Revenue 17,010.6 20,230.8 17,099.8 Cost of Materials Consumed 15,331.5 13,129.6 12,159.8 Purchase of Traded Goods 123.2 107.5 140.3 Change
Slide 36: Summary Statement of Assets and Liabilities
Summary Statement of Assets and Liabilities Particulars (in INR mn) Mar 24 Mar 23 Mar 22 Particulars (in INR mn) Mar 24 Mar 23 Mar 22 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY (i) Property, plant and equipment 8,486.1 8,649.8 6,662.7 (i) Equity share capital 419.4 419.4 419.4 (ii) Righ
Slide 37: Summary statement of Cashflow
Summary statement of Cashflow Particulars (in INR mn) FY24 FY23 FY22 Cash Flow from Operating Activities Profit before Tax 124.5 317.5 320.7 Adjustment for Non-Operating Items 1,174.1 1,023.2 1,000.4 Operating Profit before Working Capital Changes 1,298.5 1,340.7 1,321.1 Changes in Working Capital (
Slide 38: Key Takeaways
Key Takeaways Diversified product portfolio Part of the Somaiya group and and well-established Integrated biorefinery with experienced promoter, board relationships with a focus on improving Sugarcane of directors, key managerial diversified marquee customer Valorisation personnel and senior base ac
Slide 39: Thank You
Thank You Godavari Biorefineries Ltd CIN: U6712OMH1956PLC009707 Name – Mr. Ashish Sinha Title – AGM- IR & Finance Investors@somaiya.com Email – Investors@somaiya.com Ms. Prachi Ambre Mr. Irfan Raeen +91 83559 85370 Prachi.ambre@linkintime.co.in +91 97737 78669 Prachi.ambre@linkintime.co.in Irfan.rae
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