Balrampur Chini Mills Ltd · NSE:BALRAMCHIN

Balrampur Chini Mills — H1 FY2014 Earnings Presentation

16 slides from Balrampur Chini Mills's earnings presentation, Oct 31, 2013

  1. Slide 1: Q2 & H1 FY2014 Results Presentation

    BALRAMPUR CHINI MILLS LIMITED Q2 & H1 FY2014 RESULTS PRESENTATION OCTOBER 31, 2013

  2. Slide 2: Title Slide No

    Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 8 Financial Overview 9 Segmental Overview 10 2

  3. Slide 3: Company Highlights

    Sugarcane crushing capacity at 79,000 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 126 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India that Maximization stabilizes revenue streams along with providing a hedge agains

  4. Slide 4: Q2 FY2014 highlights v/s Q2 FY2013

    Q2 FY2014 highlights v/s Q2 FY2013  Net Revenue stood at ` 5,683.0 million as compared to ` 8,882.2 million in Q2 FY13  EBITDA stood at ` (630.8) million  Net Profit stood at ` (1,221.1) million  Diluted EPS at ` (4.98) per share H1 FY2014 highlights v/s H1 FY2013  Net Revenue stood at ` 12,742

  5. Slide 5: Management's Message

    Commenting on the performance for Q2 & H1 FY2014, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “The current sugar scenario remains challenging. The key concern currently is the lower sugar realization and uncertain cane prices resulting in negative earnings. Ther

  6. Slide 6: Merger of Khalilabad Sugar Mills with BCML

     During the quarter, Hon’ble BIFR approved the merger of Khalilabad Sugar Mills Pvt. Ltd (KSMPL) with Balrampur Chini Mills Ltd (BCML) under the Modified Draft Rehabilitation Scheme  The members of KSMPL, whose names will appear in the Register of Members as on October 30, 2013 will be allotted 1

  7. Slide 7: Capex and debt position

     In the upcoming sugar season 2013 - 14, BCML expects to crush approximately 5% lower sugarcane as compared to the previous sugar season 2012 – 13  The Company’s brownfield expansion of the co-generation facility at Kumbhi is progressing well and the facility is expected to commence operations by

  8. Slide 8: Sector Perspectives

     Sugar production in the country in 2012-13 stood at 25.14 million tonnes (mt), while consumption was estimated at 22.8 mt.  The industry will start the new crushing season with an opening inventory balance of 8.8 mt. as compared to 6.5 mt at the beginning of the previous season  Expected product

  9. Slide 9: Statement of Profit & Loss

    Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q2 FY14 Q2 FY13 Growth H1 FY14 H1 FY13 Growth Net Operating 5,683.0 8,882.2 (36.02%) 12,742.5 15,801.8 (19.36%) Revenue EBITDA (630.8) 1,206.6 - (162.4) 1,778.5 - EBITDA Margin (%) (11.10%) 13.58% (1.27%) 11.26% Depreciation 274.9 275.6 (0.25%)

  10. Slide 10: Sugar segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2014 5,034.5 85.95% (975.9) - Q2 FY2013 8,243.2 91.20% 749.4 - % Shift (38.93%) - H1 FY2014 11,071.2 82.56% (1,418.6) - H1 FY2013 14,062.4 86.75% 521.7 - % Shift (21.27%) -  Volumes remained muted at lower real

  11. Slide 11: Sugar production and realization

    Cane Crushed (Lakh Quintals) Recovery (%) 1400 1231.51 12.00 1200 10.00 9.38 9.54 9.52 1000 846.29 810.52 8.00 800 6.00 600 400 4.00 200 2.00 - - 0 - - 0.00 FY 2011 FY 2012 FY 2013 Q2 FY2013Q2 FY2014 FY 2011 FY 2012 FY 2013 Q2 FY2013Q2 FY2014 Production (Lakh Quintals) Avg. Realization – Free Sugar

  12. Slide 12: Distillery segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2014 620.8 10.60% 258.1 - Q2 FY2013 590.8 6.54% 232.3 - % Shift 5.08% 11.11% H1 FY2014 1,184.1 8.83% 530.1 - H1 FY2013 1,124.5 6.94% 461.4 - % Shift 5.30% 14.89%  During the quarter, though the sales volumes we

  13. Slide 13: Distillery production and realizations

    Production (KL) Total Sales (KL) 80000 70000 63179 66217 70860 67666 70000 60000 54717 60000 55785 50000 50000 40000 40000 30000 21338 30000 18862 20000 12853 20000 6739 10000 10000 0 0 FY 2011 FY 2012 FY 2013 Q2 Q2 FY 2011 FY 2012 FY 2013 Q2 Q2 FY2013 FY2014 FY2013 FY2014 Ethanol production (KL) Bl

  14. Slide 14: Co-generation segment

    Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q2 FY2014 200.2 3.42% (42.8) - Q2 FY2013 203.7 2.25% (4.5) - % Shift (1.72%) - H1 FY2014 1,139.5 8.50% 520.9 - H1 FY2013 1,002.6 6.18% 441.2 - % Shift 13.65% 18.06%  This being the non-production quarter, lower avai

  15. Slide 15: Power generation and sales

    Total Power Generation (Lakh units) 12000 10154 10000 8000 7393 7489 6000 4000 2000 467.6 389.8 0 FY 2011 FY 2012 FY 2013 Q2 Q2 FY2013 FY2014 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales(` per 7000 unit) 6312 6000 5386 4.30 4.25 5000 4676 4.20 4.13 4000 4.10 4.05 4.02 3

  16. Slide 16: About Balrampur Chini Mills Limited

    About Balrampur Chini Mills Limited Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of bio-compost. The Company presently has eleven sugar fact

Balrampur Chini Mills — H1 FY2014 Earnings Presentation on 6ix