Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q1 FY2014 Earnings Presentation
16 slides from Balrampur Chini Mills's earnings presentation, Jul 31, 2013
Slide 1: Balrampur Chini Mills Limited Q1 FY2014 Results Presentation
BALRAMPUR CHINI MILLS LIMITED Q1 FY2014 RESULTS PRESENTATION JULY 31, 2013
Slide 2: Agenda
Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 7 Financial Overview 9 Segmental Overview 10 2
Slide 3: Company Highlights
Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 128.50 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 aga
Slide 4: Q1 FY2014 highlights v/s Q1 FY2013
Q1 FY2014 highlights v/s Q1 FY2013 Net Revenue stood at ` 6,816.20 as compared to ` 6919.60 million EBITDA stood at ` 489.40 million Net Profit stood at ` (97.70) million Diluted EPS at ` (0.40) per share 4
Slide 5: Management's Message
Commenting on the performance for Q1 FY2014, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “The fiscal has commenced with progressive structural reforms announced for the sector. Dismantling of the levy quota and the release mechanism for free sugar will enable th
Slide 6: Operational and Balance Sheet Update
In the current sugar season 2012-13, the Company crushed 8.63 crore quintals of sugarcane as compared to 8.60 crore quintals in the sugar season 2011 – 12 Sugar production for the season stood at 82.33 lakh quintals Recovery stood at 9.54 % as compared to 9.55 % when compared with last sugar s
Slide 7: Sector Perspectives: Structural Reforms
The structural changes witnessed by the sugar industry with the announcement of partial decontrol by the Cabinet Committee on Economic Affairs (CCEA) have been progressive. Sustained reforms should enable both the farmers and the industry to operate in a stable and predictable environment Disman
Slide 8: India's Sugar Production 2012-13
India’s sugar production for the season 2012-13 is estimated at 24.8 million tonnes as compared to 26 million tonnes in the previous sugar season Uttar Pradesh recorded an output of over 7.5 million tonnes in the current season as against 7.0 million tonnes in the previous season; Maharashtra cr
Slide 9: Statement of Profit & Loss
Statement of Profit & Loss % Y-o-Y (` million) Q1 FY14 Q1 FY13 Growth Net Operating Revenue 6,816.20 6,919.60 (1.49%) EBITDA 489.40 571.90 (14.43%) EBITDA Margin (%) 7.18% 8.26% - Depreciation 265.80 273.90 (2.96%) Interest 400.40 535.20 (25.19%) Profit Before Tax (97.70) (180.50) - Profit After Tax
Slide 10: Sugar Segment Overview
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2014 5,787.40 79.24% (412.60) - Q1 FY2013 5,819.20 81.14% (227.70) - % Shift (0.55%) - - - Sugar production during the quarter was higher as compared to the same quarter previous year on account of higher avai
Slide 11: Sugar Production and Realization
Cane Crushed (Lakh Quintals) Recovery (%) 1400 1231.51 11.00 1200 10.45 10.50 1000 846.28 810.52 10.01 800 10.00 9.54 9.52 600 9.50 9.38 400 67.70 9.00 200 15.58 0 8.50 FY 2011 FY 2012 FY 2013 Q1 Q1 FY 2011 FY 2012 FY 2013 Q1 Q1 FY2013 FY2014 FY2013 FY2014 Production (Lakh Quintals) Avg. Realization
Slide 12: Distillery Segment Overview
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2014 563.30 7.71% 272.00 - Q1 FY2013 533.70 7.44% 229.10 - % Shift 5.55% - 18.73% - RS and ENA sales volumes stood at 18,725 KL for Q1 FY14 as against 12,387 KL in Q1 FY2013; blended realizations for RS and EN
Slide 13: Alcohol Production, Sales and Realizations
Total Alcohol Production (KL) Total Alcohol Sales (KL) 80000 70000 63179 66217 70860 67666 70000 60000 54717 60000 55785 50000 50000 40000 40000 25615 30000 20017 30000 21910 18871 20000 20000 10000 10000 0 0 FY 2011 FY 2012 FY 2013 Q1 Q1 FY 2011 FY 2012 FY 2013 Q1 Q1 FY2013 FY2014 FY2013 FY2014 Eth
Slide 14: Co-generation Segment Revenues
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2014 939.30 12.86% 563.70 - Q1 FY2013 798.90 11.14% 445.70 - % Shift 17.57% - 26.48% - On account of higher availability of bagasse, this segment exported 1,944 lakh units of power during the quarter marking a
Slide 15: Power Generation and Sales
Power Generation (Lakh units) 12000 10154 10000 7393 7489 8000 6000 4000 2373 2049 2000 0 FY 2011 FY 2012 FY 2013 Q1 Q1 FY2013 FY2014 Power sales (Lakh units) Realization from Bagasse Based Sales 7000 6312 (` per unit) 6000 5386 4.40 4676 4.29 5000 4.30 4.21 4000 4.20 3000 4.10 4.02 4.05 1734 1944 3
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 ten sugar factori
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