Slide 1: Globus Spirits Limited Q2 FY'14 Investor Presentation
Globus Spirits Limited Q2 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 Q2 & H1 FY’14 Performance Key highlights…………………………………………………..04 Financial performance ……………..……………………….05 Management’s review and outlook………………………11 Business Overview Strategic outlook………………………………………………12 Competitive strengths………………………………………..14 Annexure Shareholding pattern………………
Slide 4: Q2'FY14 highlights
Q2’FY14 highlights: 360º strategy yields resilient performance Bulk revenues up 95%YoY driven by higher utilization, improved realizations and thrust in exports Bulk production for the quarter up 34% YoY to reach 17mnBL with capacity utilization of 76% compared to 60% in Q2’FY13 Bulk sale volum
Slide 5: Q2'FY14: Steady growth in revenues
Q2’FY14: Steady growth in revenues Figures in Rs Million Net Revenues EBITDA PAT Q2’FY14 1,211 94 12 Q2’FY13 1,128 204 107 Net sales and other operating income up 7.4% YoY to reach Rs 1,211mn in Q2’FY14 driven by strong growth in revenues from bulk alcohol and higher net realizations across all se
Slide 6: Bulk alcohol and bottling increase share in revenues
Bulk alcohol and bottling increase share in revenues Figures in Rs Million Net revenue break-up Q2FY13 Q2FY14 Own IMFL Own IMFL 2% Bulk alcohol 1% 21% Bulk alcohol 38% Franchisee IMIL IMFL 44% 7% IMIL Others 61% 10% Franchisee Others IMFL 10% 8% Consumer businesses Manufacturing businesses Revenue
Slide 7: Higher utilization and realizations drive manufacturing
Higher utilization and realizations drive manufacturing Figures in Rs Million Production & capacity utilization Bulk Alcohol Sales Franchisee Bottling 20 76% 80% 12 50.0 44.3 35.0 18 70% 41.5 45.0 500 29.5 30.0 16 60% 10 30.0 17 60% 10 40.0 14 34% 35.0 400 416 424 25.0 8 12 YoY 50% 13 30.0 300 20.0
Slide 8: Realizations increase in both IMFL and IMIL segments
Realizations increase in both IMFL and IMIL segments Volumes in Mn Cases, Net Realisations in Rs per case IMFL IMIL IMIL State-wise break-up 427 450 3.5 350 Q2’FY14 100 358 400 289 3.0 262 300 Delhi 350 80 250 7% 2.5 78 300 2.6 60 250 2.0 200 Haryana 35% 200 1.5 1.8 150 40 150 1.0 100 20 31 100 0.5
Slide 9: Brand showcase
Brand showcase Whisky product First GSL 3rd largest selling targeted towards brand to get gin in its category young approved for in Rajasthan professionals CSD Rum market in CSD of over 5 mn cases 1st IMIL brand in 1st mixed fruits India positioned blend in IMIL Latest as awesome mix launch from GSL
Slide 10: H1'FY14: EBITDA margins sustained in double-digits
H1’FY14: EBITDA margins sustained in double-digits Figures in Rs Million Net Revenues EBITDA PAT H1’FY14 2,512 292 104 H1’FY13 2,380 391 202 Net sales and other operating income up 5.5% YoY to reach Rs 2,512mn in H1’FY14 driven by strong growth in revenues from bulk alcohol and higher net realizat
Slide 11: Management review of results
Management review of results “We are pleased to report steady growth in revenues reflecting resilience of our 360° model. Our manufacturing businesses witnessed robust growth along with improvement in net realizations across all segments which more than compensated for the temporary blip in the Hary
Slide 12: Strategic outlook
Strategic outlook Near Term Strategy Present Future One of the largest grain based distilleries with Enter fast growing IMIL highest recovery markets in Eastern India, Maintain unique 360° starting with Bihar model of diversified Leader in North Indian business straddling the IMIL market, ma
Slide 13: GSL manufacturing presence
GSL manufacturing presence Samalkha & Hisar (HR): Installed Capacity at Manufacturing plants are 56.1 and 14.4 mn litres Setting up respectively manufacturing equipped with the latest facility in Bihar multi-pressure-distillation technology which converts Behror (RJ): grains to ENA directly leadin
Slide 14: Unique competitive strengths
Unique competitive strengths 360° business Strong Consumer Efficient Healthy balance- model portfolio Operations sheet •Only company •~50% share in •State-of-the-art •Funding for present across full revenues plants across three greenfield alcobev value chain •Leadership in key locations using latest
Slide 15: Shareholding Pattern
Shareholding Pattern As on 30th September, 2013* Outstanding shares – 23.0 mn Public & Others, 12.6% Corporate, 2.1% Major Non-Promoter % Shareholders* shareholding DII, 16.5% SBI Emerging Business Fund 8.33% IDFC Premier Equity Fund 7.91% FII, 1.6% Promoters, 67.1% Note: *Templeton Strategic Emergi
Slide 16: Q2'FY14: Profit and loss statement
Q2’FY14: Profit and loss statement Particulars (In ` Mn) Q2 FY14 Q2 FY13 YoY (%) Q1 FY14 QoQ (%) H1 FY14 H1 FY13 YoY (%) FY13 Gross Sales 1,521 1,476 3% 1,686 -10% 3,206 3,117 3% 6,412 Less- Excise duty & Discounts 321 353 -9% 395 -19% 716 743 -4% 1,423 Net Sales 1,200 1,124 7% 1,291 -7% 2,490 2,374
Slide 17: Interim Balance-sheet
Interim Balance-sheet Figures in Rs Million Particulars (in ` Mn) 30-Sep-13 31-Mar-13 Key Ratios 30-Sep-13 31-Mar-13 Liabilities Debt-Equity Ratio 0.19 0.19 Shareholders' Funds 3,587 3,512 Adjusted D/E* 0.48 0.49 Non-Current Liabilities Net Fixed Assets Turnover (x) 1.52 1.45 Long Term Borrowings 25
Slide 18: 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