Avadh Sugar & Energy Ltd. · NSE:AVADHSUGAR
Avadh Sugar & Energy — Q2 FY22 Earnings Presentation
23 slides from Avadh Sugar & Energy's earnings presentation, Nov 11, 2021
Slide 1: Stock exchange cover letter
BAVADE NERG AVADH/SE/2021-22/39 10" November, 2021 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Ltd. ‘Exchange Plaza’ 1st Floor, New Trading Ring C-1, Block G Rotunda Building Bandra-Kurla Complex P.J. Towers Bandra (E) Dalal Street, Fort
Slide 2: Result Presentation | Q2FY22
1 1 Result Presentation | Q2FY22
Slide 3: Agenda
Agenda 1 Q2FY22 Highlights 2 Segmental Performance 3 Industry Updates
Slide 4: Index: Q2FY22 Highlights
Index 1 Q2FY22 Highlights
Slide 5: Key Business Updates – Q2FY22 (1/2)
Key Business Updates – Q2FY22 (1/2) Sugar Stock as on 30th Sep 2021, 19.07 (30.40 as on 30th September 2020) lakh quintals Average domestic sale realization: Q2FY22 Rs. 3,419/- per quintal; Q2FY21 Rs. 3,274/- per quintal H1FY22 Rs. 3,347/- per quintal; H1FY21 Rs. 3,207/- per quintal Receiv
Slide 6: Key Business Updates – Q2FY22 (2/2)
Key Business Updates – Q2FY22 (2/2) Details of Outstanding position Particulars (Rs. In Crores) As on Sep’21 March’21 March’20 Term Loan 581 653 699 Cash Credit / Short Term Loan 501* 720 897 Total Debt 1,082 1,373 1,596 Cane Dues - 491 556 Total Outside Liability 1,082 1,864 2,152 * Against this,
Slide 7: Q2FY22 Result Highlights
Q2FY22 Result Highlights Total Income (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 33.6% 4.7% 158.8% 147 1,240 44 1,184 110 38.2% 250% 0.0% 76 25 621 621 55 17 7 Q2FY21 Q2FY22 H1FY21 H1FY22 Q2FY21 Q2FY22 H1FY21 H1FY22 Q2FY21 Q2FY22 H1FY21 H1FY22 6
Slide 8: Profitability Highlights
Profitability Highlights Rs. Crore Q2FY22 Q2FY21 H1FY22 H1FY21 Total Income 621 621 1,240 1,184 Raw Material Cost 474 500 957 935 Employee Cost 22 21 44 44 Other Expenditure 49 45 92 95 EBITDA 76 55 147 110 Depreciation 13 12 26 23 PBIT 63 43 121 87 Interest 24 33 53 61 Profit Before Tax 39 10 68 26
Slide 9: Balance Sheet
Balance Sheet Rs. Crore Sep'21 Mar'21 Rs. Crore Sep'21 Mar'21 Shareholder’s Funds 728 666 Non-current assets 1,143 1,122 Share capital 20 20 Fixed assets 1,075 1,084 Other Equity 708 646 Capital W.I.P 9 15 Non-current liabilities 498 513 Investments 44 15 Long term borrowings 467 495 Financial asset
Slide 10: Index: Segmental Performance
Index 2 Segmental Performance
Slide 11: Sugar Segment Performance
Sugar Segment Performance Segmental Revenues (Rs. Lakh) Dispatched Qty (In Lacs) PBIT (Rs. Lakh) Q2FY22 52,992 13.81 2,649 Q2FY21 55,629 16.06 3,070 H1FY22 1,10,202 28.68 4,052 H1FY21 1,08,597 30.36 4,176 Sugar cane Crushed (Lakh Qtls) Sugar Recovery (%) Average Realization (Per Quintal) Q2FY22 - -
Slide 12: Distillery Segment Performance
Distillery Segment Performance Segmental Revenues (Rs. Lakh) PBIT (Rs. Lakh) Q2FY22 13,410 4,680 Q2FY21 7,705 1,947 H1FY22 24,386 9,353 H1FY21 15,762 5,206 Total Ethanol Production Total Ethanol Sales (Lakh litres) (Lakh litres) B C B C Q2FY22 195.39 - 232.63 - Q2FY21 0.07 55.14 46.07 92.57 H1FY22 4
Slide 13: Co-Generation Segment Performance
Co-Generation Segment Performance Segmental Revenues (Rs. Lakh) PBIT (Rs. Lakh) Q2FY22 1,047 (567) Q2FY21 99 (492) H1FY22 4,236 (514) H1FY21 3,415 (195) Power Sales Average Realization Power Generation (lakh units) (Lakh units) (Rs. Per Unit) Q2FY22 141.14 22.16 2.75 Q2FY21 - - - H1FY22 635 256.88 3
Slide 14: Index: Industry Updates
Index 3 Industry Updates
Slide 15: Global Sugar Industry Updates
Global Sugar Industry Updates The Global Sugar Balance Sheet for SS 2021-22 is estimated at Opening Stock 92.8 million MT, Production at 172.5 million MT, Consumption 175.0 million MT, Closing balance at 90.3 million MT Total Global sugar production for SS 21-22 is estimated at 172.5 million MT. The
Slide 16: Domestic Sugar Industry Updates (1/2)
Domestic Sugar Industry Updates (1/2) The Indian sugar balance sheet (in million tons) Sugar season 2018-19 2019-20 2020-21 2021-22 E Opening balance (as on 1st Oct) 10.7 14.5 10.7 8.2 Estimated sugar production 33.1 27.4 31.2 30.5 Sugar availability during the season 43.8 41.9 41.8 38.7 Estimated s
Slide 17: Domestic Sugar Industry Updates (2/2)
Domestic Sugar Industry Updates (2/2) UP Government has announced increase in cane price or State Administered Price (SAP) by Rs 250 per tonne for the Sugar Season (SS) 2021-22 Sugarcane Sugarcane FRPFRP for SS 2021-22: for SS 2021-22:Fair Fairand andRemunerative Remunerative Price Price (FRP) (FRP)
Slide 18: India achieved highest ever Exports
India achieved highest ever Exports Sugar Exports from India Trend (In Million Tonnes) +87% 7.1 5.95 3.8 2.99 2.6 2.13 1.66 1.09 0.35 0.46 0.05 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 Source: ISMA & various business articles 17
Slide 19: India: Strong Steps towards being Ethanol Ready (1/2)
India: Strong Steps towards being Ethanol Ready (1/2) 4.5 4.25 12% 10% Strong incentives for investments from Govt. to 4 augment ethanol capacities 10% 3.4 3.5 3.25 3 8.50% 8% 2.5 2.1 6% 1.89 1.75 5% 5% 2 1.5 4% From 3.5 billion litres of annual capacity in 2018 to a target of 14 billion litres by 2
Slide 20: India: Strong Steps towards being Ethanol Ready (2/2)
India: Strong Steps towards being Ethanol Ready (2/2) Distillery Sales Yearly Trend Particulars FY21 FY20 FY19 FY18 FY17 FY16 Ethanol Production (Lakh Liters) 647.65 579.73 572.55 495.25 541.11 539.59 Ethanol Sales (Lakh Liters) 665.60 508.77 616.19 484.31 571.81 541.57 Blended Realization (Rs. In
Slide 21: Capacity Expansion to drive Business Growth
Capacity Expansion to drive Business Growth Distillery capacity Focus on manufacturing Huge potential to Focus on expansion underway B-Heavy ethanol and enhance Operating Strengthening the to expand capacity directly through juice to Margins and Balance Sheet from 240 KLPD to boost overall profitabi
Slide 22: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Avadh Sugar & Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 23: Let’s Connect
Let’s Connect Mr. Dilip Patodia / Mr. Sudershan bajaj Ms. Pooja Sharma / Mr. Abhishek Bhatt dilip.patodia@birla-sugar.com / sudershan.bajaj@birla-sugar.com pooja.sharma@stellar-ir.com / abhishek@stellar-ir.com 9/1,R.N. Mukherjee Road, Kolkata B-612/A, Kanakia Wallstreet, Andheri (East), Mumbai For m