E.i.d.-parry (india) Limited · NSE:EIDPARRY
E.i.d.-parry (india) — E.I.D. - Parry (India) — Q1 FY2025 Earnings Presentation
32 slides from E.i.d.-parry (india)'s earnings presentation, Aug 14, 2024
Slide 1: Investor Presentation for the quarter ended June 30, 2024
E.I.D."' Parry (India) Limited Regd.Office : Dare House, 234,N.S.C. Bose Road, Parrys Corner, Chennai 600 001, India. Tel: 91.44.2S306789 Fax: 91.44.25341609 / 25340858 CIN : L24211TN1975PLC006989 Website : www.eidparry.com August 14, 2024 BSE Limited National Stock Exchange of India Limited pt Floo
Slide 2: Investor presentation August 2024
Investor presentation August 2024 E.I.D. - Parry (India) Ltd. 1
Slide 3: Safe Harbour
E.I.D. - Parry (India) Ltd.- Safe Harbour Certain statements made in this document may constitute forward-looking statements. These forward-looking statements are based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opi
Slide 4: EID Parry Snapshot
EID Parry Snapshot One of the leading sugar companies in India First company Chennai India’s Leading Market Listed ESG Entity Leader in India to Produce Sugar Headquartered By Dun & Bradstreet in Southern India 2300+ ~40.8K TCD 140 MW 582 KLPD Sugarcane Crushing Employees Co-generation Capacity Dist
Slide 5: Our Geographic presence
Our Geographic presence EID Parry has 6 sugar plants & 1 standalone distillery across 3 southern states Haliyal Sankili Sugarcane Power Distillery Location (TCD) (MW) (KLPD) Nellikuppam (TN) * 7,500 25 120 Pugalur (TN) 4,800 22 Sivagangai (TN) 64 Bagalkot Sankili (AP) 5,000 16 168 Haliyal (KN) * 12,
Slide 6: Sugar & Biofuel Industry
IN BYS q Sugar & Biofuel Industry murugappa
Slide 7: SY 24-25 is moving to a surplus now
SY 24-25 is moving to a surplus now… White Premium Trends (USD/MT) 130 127 120 130 110 112 108 98 81 95 90 86 85 75 85 85 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 • As per Czarnikow, total global production is now estimated at 184 mmt while the
Slide 8: Key Policies- GoI & Indian Sugar Balance
Key Policies- GoI & Indian Sugar Balance Key Policies SY 21-22 SY 22-23 SY 23-24 SY 24-25 MSP- (INR/kg) 31 31 31 31 2900 for 10.00% 3050 for 10.25% FRP- (INR/MT) 3150 for 10.25% recovery 3400 for 10.25% recovery recovery recovery Release quota for Yes Yes Yes Yes Domestic Sales 6MMT up to May 2023 S
Slide 9: Update on Ethanol Blending Program (EBP)
Update on Ethanol Blending Program (EBP) Restriction in SY 23-24 Expected diversion for Ethanol in SY 2023-24 is ~ 20 LMT of Sugar (against 38LMT diverted in SY 2022-23). Overall blending is 13%+ as of July’24. 20% Blending E20 petrol is available at 14,600 fuel retail outlets and the government tar
Slide 10: Sugar Strategies
Sugar Strategies 9
Slide 11: Strategies
Strategies Optimize Cane Volume 01 Improve farm outcomes Focus on Institutional business 02 Maximize realizations Grow Consumer Product Group 03 Leverage the Brand and penetrate the market Multi Feed & Multi Product Distilleries 04 Stay agile with policy changes 05 10
Slide 12: Strategy 1. Optimize Cane Volume | Improve farm outcomes
Strategy- 1. Optimize Cane Volume | Improve farm outcomes Cane Crush [LMT] Q1 performance 51.8 50.2 50.0 Period Cane Crushed [LMT] Gross Recovery [%] Q1 FY’25 1.93 8.60 39.7 36.7 24.6 22.9 Q1 FY’24 4.01 9.05 27.4 Change over -52% -5% 19.3 17.6 last year [%] 4.6 4.3 4.8 4.0 Note: 5.3 Crushing Season
Slide 13: Strategy 2. Focus on Institutional business
Strategy- 2 - Focus on Institutional business | Maximize realizations Institutional Sales Volume [LMT] Q1 performance 2.09 Covid 1.80 Period Institutional sales Realization 1.71 1.63 [MT] [INR/KG] 1.21 Q1 FY’25 51,628 38.46 Q1 FY’24 55,470 36.64 Change over FY'20 FY'21 FY'22 FY'23 FY'24 -7% 5% last
Slide 14: Strategy 3. Grow Consumer Product Group
Strategy- 3. Grow Consumer Product Group | Leverage the Brand and penetrate the market Sweetener Category Retail sales Retail Sales realization [INR/Kg] 522 1,60,000 500 39.0 1,40,000 Volume growth CAGR 26% 369 Value growth CAGR 29% 400 1,34,095 1,20,000 1,00,000 266 36.7 36.9 300 214 1,00,419 80,00
Slide 15: Strategy 3. Grow Consumer Product Group - Q1 Highlights
Strategy- 3. Grow Consumer Product Group | Leverage the Brand and penetrate the market Q1 Highlights Sweeteners – • Sweetener products launch in Rayalaseema region, Telangana and North Karnataka • Launch of Parry’s Gold Premium Brown Sugar • E commerce volumes doubled over last year • % of value-add
Slide 16: Strategy 3. Browns and Premium segments
Strategy- 3. Grow Consumer Product Group | Leverage the Brand and penetrate the market Sweetener Category More focus on Browns and Premium segments Superior Health Benefit Parry’s Jaggery Natural Brown Low GI @ Parry’s Gold Sugar 120 Premium brown Jaggery @ sugar 110 Superfine Amrit @ Premium imager
Slide 17: Strategy 3. Staples Category
Strategy- 3. Grow Consumer Product Group | Leverage the Brand and penetrate the market Staples Category Retail visibility 16
Slide 18: Strategy 4. Multi Feed & Multi Product Distilleries
Sugar Strategy- 4. Multi Feed & Multi Product Distilleries | Stay agile with policy changes Distillery Volume [LL] Distillery Realization [INR/Ltr] 1,242 62.20 1,044 60.39 847 59.70 627 594 723 471 646 57.10 145 188 55.65 482 406 376 399 519 FY'20 FY'21 FY'22 FY'23 FY'24 ENA Ethanol FY'20 FY'21 FY'2
Slide 19: Company Performance
COMPANY PERFORMANCE 18 18
Slide 20: Sugar Segment sales
Sugar Segment sales Sugar Sales mix [LMT] Q1 performance 5.19 4.64 Realization 4.94 Period Sales [LMT] 0.07 [INR/Kg] 4.00 1.52 3.72 1.69 1.34 0.81 1.15 1.00 Q1 FY’25 1.05 38.60 0.72 0.54 0.60 2.09 1.21 1.63 1.80 1.71 Q1 FY’24 1.20 36.40 1.04 0.90 0.87 1.13 0.66 FY'20 FY'21 FY'22 FY'23 FY'24 Change o
Slide 21: Standalone performance
Standalone performance EID Segment Revenue Q1 FY’24 Q1 FY’25 INR Cr Sugar 461 404 Co-generation 19 12 Distillery 209 263 Nutraceuticals 5 8 External Borrowings Consumer Products 129 216 Sub total Period Long term Short term Finance cost 823 904 Intersegmental revenues 124 153 Q1 FY’25 293 587 20 Rev
Slide 22: Consolidated Nutra Performance
Consolidated Nutra Performance 21
Slide 23: Nutraceuticals | Consolidated Performance
Nutraceuticals | Consolidated Performance Nutraceuticals product mix Revenue from operations [INR Cr] 277 128 254 259 114 143 97 210 219 127 80 96 65 83 47 69 51 30 44 45 FY’20 FY’21 FY'22 FY'23 FY’24 Greens Joint Health Prostate Health & Others FY’20 FY’21 FY'22 FY'23 FY’24 PBIT Q1 performance Year
Slide 24: Sweeter up the value chain
Sugar Refinery Sweeter up the value chain Adding value & volume to manage restricted spread environments, increase profitability and create premium customer segments 23 23
Slide 25: Refinery Business Profile
Refinery - Business Profile Customers Overview Capacity: 9 LMT FY 24 Sales: 8.30 LMT FY24 Revenue: INR 4400 Cr Refinery Business Profile Certifications Suppliers Raw Sugar: Ex Brazil/India Coal: Ex Indonesia 24
Slide 26: Refinery | Journey so far
Refinery | Journey so far.. Profitable & Sustainable Business Forex Hedge Desk 70 Refinery Spread ($/MT) Commodity Hedge Desk 60 66 66 50 62 40 52 53 51 30 42 44 42 43 Factory Sales 20 32 ❖ Costs to be controlled ❖ Premiums to be 10 within the Spread earned over and above 0 spreads FY15 FY16 FY17 FY
Slide 27: Refinery | Improve efficiencies and reduce Cost of Conversion
Refinery | Strategy : Improve efficiencies and reduce the Cost of Conversion Refinery Costs ($/MT) 80 75 Due to planned Key Initiatives underway 70 shutdown in May 24 ➢ Debottlenecking to increase 60 melting rate and reduce energy 53 52 52 51 51 49 consumption 50 47 40 41 40 37 ➢ Usage of biomass bl
Slide 28: Refinery | Performance
Refinery | Performance Operational Performance UOM FY20 FY21 FY22 FY23 FY24 Q1FY24 Q1FY25 Capacity LMT 9.00 9.00 9.00 9.00 9.00 1.33 2.25 FY’21 PBT includes Melting Rate MT/Day 2700 2,564 2,595 2,649 2,912 2,824 2,840 • Inventory write off (USD 16.64 Production LMT 6.37 7.9 6.11 7.78 8.26 1.36 1.60
Slide 29: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE Consolidated Financial Performance 28
Slide 30: Consolidated Financials (excluding Coromandel International Ltd.)
Consolidated Financials (excluding Coromandel International Ltd.) EID Segment Revenue Q1 FY’24 Q1 FY’25 INR Cr Sugar 1,060 1,623 Co-generation 19 12 Consolidated External borrowings Distillery 209 263 Nutraceuticals Segment Q1 FY’24 Q1 FY’25 44 59 Consumer Products EID 429 878 129 216 PSRIPL 591 220
Slide 31: Glossary
Glossary ACRONYMS AP Andhra Pradesh Ltr Litre CoP Cost of Production LU Lakh Unit Cr Crore MMT Million Metric Tonne EBIT Earnings Before Interest & Tax Mn Million EBITDA Earnings Before Interest, Tax & Depreciation MSP Minimum Selling Price EBP Ethanol Blending Program MT Metric Tonne EHS Environmen
Slide 32: Thank you!!
Thank you!! Thank You Corporate Office: For Investor relations Contact: 234 NSC Bose Road, investorservices@parry.murugappa.com Chennai-01 31
E.I.D. - Parry (India) — Q1 FY2025 Earnings Presentation on 6ix