Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q2 & H1 FY23 Earnings Presentation
30 slides from Dwarikesh Sugar Industries's earnings presentation, Oct 29, 2022
Slide 1: Exchange filing cover letter
DWARIKESH SUGAR INDUSTRIES LIMITED Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax : 2204 7288 E Mail : dsilbom@dwarikesh.com Website : www.dwarikesh.com, CIN : L15421UP1993PLC018642 REF: DSIL/2022-23/388 October 29, 2022 Corporate Relationship
Slide 2: Investor Update: Q2 & H1 FY23 Result Update
Investor Update Company Performance Date Q2 & H1 FY23 Result Update 28-October-2022
Slide 3: Safe Harbor Statement
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dwarikesh Sugar Industries Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Earnings Call
Time and Date 3:00 PM IST, Monday, October 31, 2022 Details Conference Dial-In +91 22 6280 1116/+91 22 7115 8017 International Toll Free UK 08081011573 USA 18667462133 Hong Kong 800964448 Singapore 8001012045 Diamond Pass: https://services.choruscall.in/DiamondPassRegistration/register?confirmationN
Slide 5: Business Overview
Business Overview A Brief Run Through
Slide 6: At a glance
At a glance • Three plants located in Uttar Pradesh, one of India’s largest sugar producing states o Two plants located in Bijnor district– a district with focused concentration on cane production on highly fertile & well-irrigated land o One plant in Bareilly district – the low-lying Ganges plains
Slide 7: Operations Overview
Operations Overview Farmers Molasses (nearly 1.51 lakhs) (External Sales) Industrial Alcohol (162.5 KLPD at Cane Development Sugarcane Molasses Distillery Dwarikesh Nagar & & Marketing 175 KLPD at Dwarikesh Dham) Clarification Dwarikesh Sugar Crushing Sugar Sugarcane Juice Evaporation Industries Ltd
Slide 8: Management
Mr. G R Morarka Mr. Vijay S Banka Mr. B J Maheshwari Founder and Promoter Managing Director Managing Director & Executive Chairman Company Secretary Chartered Commerce graduate & cum Chief ICWA Inter Accountant Compliance Officer Received ‘Indira Gandhi Associated with the Associated with the Priyad
Slide 9: Key Milestones
Key Milestones Set up DN Distillery with 30,000 LPD capacity; Debottlenecking of 100 KLPD Commissioned Dwarikesh Puram DN Distillery by Distillery capacity Commencement of DN Crushing capacity (DP) plant with crushing capacity of commissioning expansion project surplus power reached 6,500 TCD; 7,500
Slide 10: Business Strategy
We are currently one of the most efficient integrated sugar companies in Uttar Business Strategy Pradesh. We plan to further improve on our performance metrics while continuing with our best practices. O p e r a t i n g Efficiency Cost Control THROUGH CONTINUOUS F O CU S O N C O S T C O N T R O L IM
Slide 11: Strong Relationship with Farmers
Strong Relationship withFarmers Cane Development • Dedicated cane department to supervise cane development and procurement • ‘Kisan Sewa Kendra’ for promotion of high yield seed varieties and more efficient pesticides • Monitoring harvesting program to obtain desired quality and quantity of cane • S
Slide 12: Financial Performance
Financial Performance Q2 & H1 FY23
Slide 13: Performance Highlights
In INR million Q2FY23 Q2FY22 H1FY23 H1FY22 FY22 Total Income 5,424.2 5,064.5 11,908.3 9,037.1 19,820.1 EBIDTA 306.2 753.8 1,058.6 1,349.6 2,939.6 PAT 78.4 396.3 475.4 667.3 1,552.2 Performance Highlights In INR Q2FY23 Q2FY22 H1FY23 H1FY22 FY22 EPS 0.42 2.10 2.52 3.54 8.24 Finance cost & depreciation
Slide 14: Management Comments
Management Comments The decline in profit over corresponding quarter / half year, last year is on account of higher cost of goods sold (combination of higher cane price & lower recovery) without commensurate increase in the selling price of sugar, the main finished product. The results are also
Slide 15: Quarterly Trends
Quarterly Trends 3492.9 7.8% 3376.1 396.3 1.4% 5057.8 5401.1 78.4 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Revenue from Operations (Million) PAT (Million) Average Domestic Sugar Realization INR/Quintal PAT Margin 14.9% 5.7% 753.8 306.2 Q2FY22 Q2FY23 EBITDA (Million) PAT Margin is PAT / Revenue from operations EB
Slide 16: Half-yearly Trends
Half-yearly Trends 7.4% 15.0% 8.9% 4.0% 1349.6 1058.6 667.3 475.4 9019.8 11865.7 H1FY22 H1FY23 H1FY22 H1FY23 PAT(Million) Revenue from Operations - External (INR Million) EBITDA (INR Million) PAT Margin EBITDA Margin PAT Margin is PAT / Revenue from operations EBITDA Margin is EBITDA / Revenue from
Slide 17: Summary Financials
Summary Financials Q2 FY23 Q2 FY22 H1 FY 23 H1 FY 22 FY 22 INCOME Revenue from operations 5401.1 5057.8 11865.7 9019.8 19787.1 Other income 23.1 6.7 42.6 17.3 33.0 Total Revenue 5424.2 5064.5 11908.3 9037.1 19820.1 EXPENDITURE Cost of material consumed 35.7 23.3 3016.8 2639.6 13718.1 Purchase of Sto
Slide 18: Operational Trends
Operational Trends Q2 & H1 FY23
Slide 19: Sugar - Quarterly Performance
Sugar - Quarterly Performance 7.4% 3,492.9 3,376.1 -1.7% 315.3 1,206.5 1,148.7 4,271.8 4,551.5 Q2FY22 Q2FY23 Q2FY22 Q2FY23 -78.8 Revenue from Operations (INR Million) Sugar Sold ('000 Quintal) EBITDA (INR Million) Average Domestic Sugar Realization INR/Quintal EBITDA Margin EBITDA Margin is EBITDA /
Slide 20: Sugar - Half-yearly Performance
Sugar - Half-yearly Performance 4.6% 3,476.1 3,303.4 1.5% 2,170.3 2,677.9 8,145.2 376.7 10,986.5 168.5 H1FY22 H1FY23 H1FY22 H1FY23 Revenue from Operations (INR Million) Sugar Sold ('000 Quintals) EBITDA (INR Million) Average Domestic Sugar Realization(INR/Quintal) EBITDA Margin EBITDA Margin is EBIT
Slide 21: Distillery - Quarterly Performance
Distillery - Quarterly Performance 59.1 42.9% 25.7% 57.6 16.7 22.3 965.5 414.2 1,359.2 349.8 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Revenue from Operations (INR Million) EBITDA (INR Million) Industrial Alcohol Sold (Mn L) Average Realization(INR/L) EBITDA Margin A new 175 KLPD distillery plant at Dwarikesh Dha
Slide 22: Distillery - Half-yearly Performance
Distillery - Half-yearly Performance 59.1 43.1% 26.4% 57.6 27.9 37.9 1,617.4 697.5 2,286.3 602.7 H1FY22 H1FY23 H1FY22 H1FY23 Revenue from Operations (INR Million) Industrial Alcohol Sold (Mn L) EBITDA (INR Million) Average Realization(INR/L) EBITDA Margin A new 175 KLPD distillery plant at Dwarikesh
Slide 23: Cogeneration - Quarterly & Half-yearly Performance
Cogeneration - Quarterly & Half-yearly Performance 16.2% 3.3 14.0% 3.2 35.2 24.3 173.6 217.2 73.7 33.0 74.7 28.1 Q2FY22 Q2FY23 H1FY22 H1FY23 Revenue from Operations (INR Million) Power Generated (Mn Units) EBITDA (INR Million) Power Exported (Mn Unit) EBITDA Margin Average Realization (INR/Unit) Gen
Slide 24: Annexure Facilities
Annexure Facilities
Slide 25: Dwarikesh Nagar Unit (Bijnor District)
Dwarikesh Nagar Unit (Bijnor District) Sugar Plant Overview Distillation House & Multi-Effect Evaporator Bagasse Silos & Feeders of Boiler Continuous Pan
Slide 26: Dwarikesh Puram Unit (Bijnor District)
Dwarikesh Puram Unit (Bijnor District) Juice Evaporator Centrifugal Station Cogeneration Control Panel Switch Yard
Slide 27: Dwarikesh Dham Unit (Bareilly District)
Dwarikesh Dham Unit (Bareilly District) Facility Overview 24 MW TG Set Pan Station Clarification Section
Slide 28: Dwarikesh Nagar Distillery (Bijnor District)
Dwarikesh Nagar Distillery (Bijnor District) 162.5 KLPD Distillery
Slide 29: Dwarikesh Dham Distillery (Bareilly District)
Dwarikesh Dham Distillery (Bareilly District) 175 KLPD Distillery
Slide 30: Thank You
Thank You Vijay S. Banka Shruti Vakhariya Managing Director Adfactors PR Pvt Ltd. Dwarikesh Sugar Industries Limited Email: shruti.vakhariya@adfactorspr.com Email: vsbanka@dwarikesh.com
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