Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Investor Presentation (April 2017)
30 slides from Balrampur Chini Mills's investor presentation, April 2017
Slide 1: Balrampur Chini Mills Limited Corporate Presentation
Balrampur Chini Mills Limited Corporate Presentation April - 2017
Slide 2: Safe Harbour
Safe Harbour 2 Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technological risks, an
Slide 3: Table of Content
Table of Content 3 Global Scenario Indian Scenario BCML BCML Financial Performance
Slide 4: Global Scenario
Global Scenario
Slide 5: The Global Story – Emerging Trends
The Global Story – Emerging Trends 5 Global sugar demand is expected to increase to 190 mn tones by 2021 and 240 mn tones by 2030 compared to 173 mn tones in 2016 Asia will remain the biggest consumer of sugar, increasing its share of total consumption from around 40% to 45% by 2021 By 2030, I
Slide 6: Global Sugar Status
Global Sugar Status 6 Fig. in Mln tons 2015-16E 2016-17P Supply Mismatch Over last 20 years sugar production has risen by 42% Sugar Opening Stocks 46 39 to 170 mn tones Global consumption expected to rise to 240 mn tones by 2030 Sugar Production 166 171 Production gap requires to be met over
Slide 7: Global Sugar Scenario - Updates
Global Sugar Scenario - Updates 7 China Sugar output expected to be EU around 9.3 mn tones ~ 1.1 lac mt higher than previous Production in 2016- year 17 is expected ~ 16.2 mn tones Demand expected to increase to ~15 mn tones Production in 2017- 18 is expected ~ Imports are forecast at 6.5-
Slide 8: Indian Scenario
Indian Scenario
Slide 9: Indian Sugar Industry – Size & Overview
Indian Sugar Industry – Size & Overview 9 Area under Sugarcane: 5.3 million hectares [sugar season 2015-16] Sugarcane Production: 337 million tones [sugar season 2015-16] Number of Sugar Mills in Operation: 526 [sugar season 2015-16] Average Capacity of Sugar Mills: 3,800 TCD Production of Sugar: 25
Slide 10: Domestic Sugar Balance
Domestic Sugar Balance 10 ( Fig. in Mln tons ) 2011 2012 2014 2015 2016 E 2017 P Opening Stock 7.1 7.6 8.2 6.5 8.8 7.7 Production 26.3 25.1 24.3 28.3 25.1 20.3 Increase in Production 7.79% -4.56% -3.19% 16.46 -11.31% -19.12% Internal Consumption 22.4 23.0 24.0 24.8 24.6 23.8 Growth Y-O-Y 7.69% 2.68%
Slide 11: Sector Perspectives
Sector Perspectives 11 As per ISMA, India’s • Sugar mills in U.P. are likely to produce 8.8-8.9 million tones of sugar production for sugar in SS 2016-17 as compared to 6.8 million tones last season, owing to better yields. the 2016-17 season is estimated at 20.3 • Maharashtra mills likely to produc
Slide 12: Recent Development…
Recent Development… 12 In order to address • The imports are allowed with zonal quantity restrictions regional production gaps and are open for millers/refiners only having their own and also to maintain refining capacity. domestic prices at reasonable levels, the Government of India has Time line o
Slide 13: Key data on Indian Sugar Industry
Key data on Indian Sugar Industry 13 2011-12 2012-13 2013-14 2014-15 2015-16 Acreage (000 Hectares) 5106 5279 5341 5307 5284 Sugarcane Production (lac Ton) 3538 3545 3456 3668 3369 Yield per hectares (tones) 69.3 67.1 64.7 69.1 63.7 Cane Crushed (lac tones) 2570 2506 2385 2730 2365 Drawal % 72.64% 7
Slide 14: Comparison of FRP with SAP paid by some States
Comparison of FRP with SAP paid by some States 14 `/Qtl. of sugarcane 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 FRP* 145.00 170.00 210.00 220.00 230.00 230.00 SAP – as announced by respective states for the normal variety of sugarcane Uttar Pradesh 240.00 280.00 280.00 280.00 280.00 305.00 Bih
Slide 15: BCML
BCML
Slide 16: A Leading Integrated Sugar Player In India
A Leading Integrated Sugar Player In India 16 76,500 163.2 360 10 TCD Sugar Capacity MW Cogen Saleable Capacity KLPD Distillery Capacity Locations One of the pioneers of Integrated Business Model in India that stabilizes Integrated model revenue streams along with providing a hedge against the sugar
Slide 17: Business Model
Business Model 17 Integrated operations Intra-plant synergies Maximize value accrual from Supported by Economic sized operations every ton of cane crushed very strong driving cost efficiencies Greater hedge against the farmer Close proximity maximizes by- sugar cycle relationships product utilizatio
Slide 18: Plant Locations
Plant Locations 18 Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation operations of 360 KLPD and 163.20 MW (Saleable) respectively Sugar Distillery COGEN POWER (MW) Gularia UNITS Tulsipur Capacity (TCD) (KPLD) SALEABLE CAPACITY Kumbhi BALRAMPUR 12,000 160 27.25 Balrampur BABHNAN
Slide 19: Update on Allied Segments
Update on Allied Segments 19 Distillery The Company has completed the process for setting Incineration Project Completion Benefits of Ethanol Blending up/adoption of incineration Schedule: Programme: technology at its distilleries Balrampur – Commissioned in Feb. 2016 Improves ability to pay far
Slide 20: Board of Directors
Board of Directors 20 KAMAL NAYAN SARAOGI – Chairman Emeritus NARESH CHANDRA [Retd. IAS], Chairman (Independent Director) VIVEK SARAOGI, Managing Director R. N. DAS (Retd. IAS) , Independent Director DINESH K. MITTAL (Retd. IAS), Independent Director KRISHNAVA DUTT, Independent Director NOVEL L. LAV
Slide 21: Shareholding Pattern – As on 31st March, 2017
Shareholding Pattern – As on 31st March, 2017 21 Public & Others, 22 Body Corporate, 5 FII / FPI, 15 Promoters, 41 Fund Houses / Insurance Cos. / Banks 17
Slide 22: BCML Financial Performance
BCML Financial Performance
Slide 23: 5 Year Operational Summary
5 Year Operational Summary 23 (` in Crores) FY12 FY13 FY14 FY15 FY16 Total income 2390.31 3384.03 2758.71 3093.21 2874.07 Gross Profit 534.01 755.89 574.05 477.03 780.35 PBDIT 265.97 462.69 239.96 141.54 463.86 Interest 147.41 143.87 117.84 102.09 75.60 PBDT 118.56 318.82 122.12 39.45 388.26 Depreci
Slide 24: Statement of latest quarterly Profit & Loss
Statement of latest quarterly Profit & Loss 24 (` in Crores) % Y-o-Y % Y-o-Y Q3 FY17 Q3 FY16 9M FY17 9M FY16 Growth Growth Net Operating Revenue 989.31 881.36 12.25% 2753.36 2071.16 32.94% EBITDA 246.28 117.61 109.40% 604.75 100.49 501.80% EBITDA Margin (%) 24.89% 13.34% 21.96% 4.85% Depreciation 25
Slide 25: Segmental Overview – Sugar
Segmental Overview – Sugar 25 Cane Crushed (Lakh Quintals) Sugar Recovery (%) 810.5 772.8 805.7 11.06 742.6 9.83 10.04 9.77 9.52 255.1 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 Sugar Production (Lakh Quintals) Avg. Realization - Sugar (` per kg) 82.2 35.57 7
Slide 26: Segmental Overview – Distillery
Segmental Overview – Distillery 26 Total Production (KL) 77,950 67,666 69,903 70,555 46,704 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 Total Sales (KL) Blended Realization - (` per BL) 74,080 74,202 66,217 64,749 43.60 53,371 37.40 40.41 32.62 28.00 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 FY 2013 F
Slide 27: Segmental Overview – Co-generation
Segmental Overview – Co-generation 27 Production (Lakh units) 8,295 7,489 7,505 7,469 3,510 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 Power sales (Lakh units) Avg. Realization - (` per unit) 4.77 4.77 6,168 5,386 5,474 5,307 4.17 4.23 4.05 2,479 FY 2013 FY 2014 FY 2015 FY 2016 9M FY2017 FY 2013 FY 2
Slide 28: Going Forward
Going Forward 28 Investing in the entire ecosystem • Working together with farmers to inculcate better agricultural practices and educating them to adopt modern techniques • Improving varietal balance, following stringent process and quality control procedures Focus on creating value for all stakeho
Slide 29: Contact Us
Contact Us 29 About Balrampur Chini Mills Limited - CIN: L15421WB1975PLC030118 Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power. The Company presently has ten
Slide 30: Thank You
Thank You
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