Bcl Industries Ltd · NSE:BCLIND
Bcl Industries — Q2 FY2020 Earnings Presentation
30 slides from Bcl Industries's earnings presentation, November 2019
Slide 1: Investor Presentation November 2019
[ INVESTOR PRESENTATION ] [ NOVEMBER 2019 ]
Slide 2: Index
INDEX 03 Executive Summary 04 Company Overview 10 Business Overview 11 Distillery 15 Edible Oil & Vanaspati 19 Real Estate 20 FY19 Key Operational Highlights 21 Industry Overview 24 Financial Overview
Slide 3: Executive Summary
Executive Summary Company Overview Financials – 2018-19 • BCL is a part of the Mittal Group founded in 1976, by Late Shri D. D. Mittal. INR 9,037 Mn INR 812 Mn • Under the stewardship of Mr. Rajinder Mittal, the company has now grown into an INR 10,000 Mn business empire. Total Revenue EBITDA • The
Slide 4: BCL Industries Limited
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Slide 5: Company at A Glance
Company at A Glance Total Revenue* Growth (INR Mn) • Founded in 1976, BCL Industries Limited (BCL) is a part of the Mittal Group, founded 9,037 8,576 by Shri D. D. Mittal. Now under the stewardship of Mr. Rajinder Mittal, the company has now grown into an INR 10,000 Mn business empire. 6,760 5,329 4
Slide 6: Board of Directors
Board of Directors R.C. Nayyar - Chairman & Independent Director S.N. Goyal - Whole Time Director IAS (Retired) • Post Graduate in Commerce • An Indian Administrative Services graduate from 1982 • Has 4 decades of experience in commerce and batch and retired as Additional Chief Secretary, accounting
Slide 7: Our Evolution Since Inception
Our Evolution Since Inception 1976-1980 2006-2010 • In 1976, started with a Solvent Extracted Plant and extracting Oil from Rice Bran. • In 2006, the promoters ventured into Distillery-Ethanol Industry production by acquiring a • Production of Oil commenced in 1977. substantial share in Pioneer Indu
Slide 8: Awards
Awards • Hind Gaurav Award 1994 - All India Achievers Conference, New Delhi • State Export Award 1993-1994 - Department of Industries, Punjab • Great Achiever of Industrial Excellent Award-2006 - Council for Economic Growth & Research, New Delhi • B.K. Goenka SEA Award 2006-10 - 4 Consecutive Years
Slide 9: Key Strengths
Key Strengths Four plus decades of rich experience, Vertically integrated state of art plants and landmark housing projects Technologically advanced machines bringing growth and ingenuity in the market The only company in India and the South Asian region that has a forward and backward integrated Di
Slide 10: Business Overview
BCL Industrigs Limited BUSINESS OVERVIEW
Slide 11: Distillery
Distillery • The promoters of the company forayed into the business of distillation of alcohol in the year 2006 with a manufacturing plant in Pathankot, Punjab. • The manufacturing facility of the company is a world class integrated distillation plant with a total capacity of 200 KLPD. • The company
Slide 12: Manufacturing Process of Distillery Complex
Manufacturing Process of Distillery Complex CO-GENERATION PROCESS DISTILLATION BOTTLING PLANT HOUSE PLANT PLANT Present By introducing an eco-friendly production and distribution system in the manufacturing process, BCL has become the only company Total in India and the South Asian region that has a
Slide 13: Expansion Plans
Expansion Plans The following are the reasons for choosing West Bengal as an Expansion Destination by BCL: • It was observed that only 23% of the ENA demand is met with the production in the West Bengal State. • West Bengal was dependent only on two Distilleries. • About 30% of ENA manufactured at B
Slide 14: Growth Drivers
Growth Drivers • Benefits of National Policy on Biofuels 2018: Alcohol demand of 6.3 Bn litres expected to • Decreasing import dependency grow at 12% annually. • Cleaner Environment by reducing CO2 emission Alcohol Demand 2018-19 (Bn Litres) • Increasing farmer’s income by MSP Industrial 0.7 • Suppo
Slide 15: Edible Oil and Vanaspati
Edible Oil and Vanaspati • The company is engaged in the manufacturing of Vanaspati, Refined Oils, Expelling of Oils from Seeds, De-oiled cakes and Basmati & Para-boiled Rice. • The company has one of the largest integrated oil complex in North India in Bhatinda. The oil complex consists of Oil Crus
Slide 16: Flagship Brands
Flagship Brands • BCL’s edible oils are sold under various brands namely Homecook, Do Khajoor and Revenue Break-Up H1 2019-20 Murli offering soybean oil, sunflower oil, cottonseed oil, vanaspati ghee, mustard oil and Contract rice bran oil. Brands (Bunge & • The company also does contract manufactur
Slide 17: Edible Oil Manufacturing
Edible Oil Manufacturing Edible Oil Refinery Capacity: 200 MT/Day Utilization: 32% Chemical refining is done to manufacture refined edible oil, goes through the process of Degumming and neutralisation, Bleaching and Deodorisation. Vanaspati Manufacturing Capacity: 100 MT/Day Utilization: 51% Refined
Slide 18: Edible Oil Manufacturing Facilities
Edible Oil Manufacturing Facilities Solvent Extraction Capacity: 300 MT/Day Utilization: 30% Solvent extraction is achieved through the grinding of the seed or cake, purged or washed with petroleum distillate, which then releases the oil from the seeds. In our unit, we generally extract rice bran oi
Slide 19: Real Estate
Real Estate • Foraying into the business of real estate was part of risk mitigation strategy and broaden the company’s offerings so as to lessen the vagaries and challenges of the other industries the company is engaged in. • The company has two existing completed projects with a very large realizab
Slide 20: Key Operational Highlights
Key Operational Highlights Distillery: Edible Oil: • The Company’s performance in the current quarter was boosted with • Due to the economic slowdown, the edible oil section experienced a the rise in ENA prices and the continued supply of Ethanol to OMC’s as lower turnover. ENA prices continue to be
Slide 21: Industry Overview
BCL Industrgs Limited INDUSTRY OVERVIEW
Slide 22: Indian Distillery Industry
Indian Distillery Industry ADDRESSING AN UNPRECEDENTED OPPORTUNITY ENA • India is the world’s third largest liquor market with an overall retail market size of $35 billion per annum. • In terms of revenue in the Alcoholic drinks market, India generated US$ 67,661 Mn in 2018. The market is expected t
Slide 23: Indian Edible Oil Industry
Indian Edible Oil Industry • The Edible Oil Market is currently estimated at Edible oil is sold in India either in consumer INR 1.30 lakh crores. packs (5 lt. and less than 5 lt. pack sizes), bulk packs (15 kg/ lt.) or as loose oil in tankers or • India has approximately 15,000 oil mills, 711 barrel
Slide 24: Financial Overview
BCL Industr'3¢ Limited FINANCIAL OVERVIEW
Slide 25: Quarterly Consolidated Income Statement
Quarterly Consolidated Income Statement Particulars (INR Mn) 2019-20 Q2 2018-19 Q2 Y-o-Y 2019-20 Q1 Q-o-Q Total Income* 2,136 2,038 4.8% 2,177 (1.9)% Total Expenses 1,959 1,771 10.6% 2,018 (2.9)% EBITDA 177 267 (33.7)% 159 11.3% EBITDA Margins (%) 8.29% 13.10% (481) Bps 7.30% 99 Bps Depreciation 34
Slide 26: Half Yearly Consolidated Income Statement
Half Yearly Consolidated Income Statement Particulars (INR Mn) 2019-20 H1 2018-19 H1 Y-o-Y Total Income* 4,313 4,087 5.5% Total Expenses 3,977 3,660 8.7% EBITDA 336 427 (21.3)% EBITDA Margins (%) 7.79% 10.45% (266) Bps Depreciation 67 54 24.1% Interest 75 104 (27.9)% PBT 194 269 (27.9)% Tax 55 41 34
Slide 27: Historical Consolidated Income Statement
Historical Consolidated Income Statement Particulars (INR Mn) 2015-16 2016-17** 2017-18** 2018-19** Total Income* 5,329 6,760 8,576 9,037 Total Expenses 5,023 6,347 8,040 8,225 EBITDA 306 413 536 812 EBITDA Margins (%) 5.74% 6.11% 6.25% 8.99% Depreciation 78 85 106 108 Interest 140 214 213 186 Excep
Slide 28: Consolidated Balance Sheet (Ind-AS)
Consolidated Balance Sheet (Ind-AS) Particulars (INR Mn) 2017-18 2018-19 2019-20 H1 Particulars (INR Mn) 2017-18 2018-19 2019-20 H1 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,355 1,377 1,343 Share Capital 157 174 192 Capital Work in progress 50 105 144 Othe
Slide 29: Capital Market Data
Capital Market Data 30% 20% 10% 0% -10% -20% -30% -40% Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 BCL Sensex Price Data (30th September, 2019) Current Shareholding Pattern Face Value (INR) 10.0 Market Price (INR) 80.95 2.35% 52 Week H/L (INR) 136.00/57.05 63.
Slide 30: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d