Magadh Sugar & Energy Ltd. · NSE:MAGADSUGAR
Magadh Sugar & Energy — Q4 FY24 Earnings Presentation
22 slides from Magadh Sugar & Energy's earnings presentation, May 14, 2024
Slide 1: Exchange disclosure cover letter
MAGADH SUGAR& ENERGYLTD MSEL/SE/2024-25/10 May 14, 2024 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Ltd ‘Exchange Plaza’, C - 1, Block G, 1st Floor, New Trading Ring, Bandra-Kurla Complex, Rotunda Building Bandra (E), P.J. Towers, Dalal
Slide 2: Strengthening Fundamentals: Result Presentation Q4 & FY24
Strengthening Fundamentals Result Presentation Q4 & FY24 Sugar | Co-Generation | Ethanol
Slide 3: Disclaimer
Disclaimer 2) MAGADH SUGAR & ENERGYLTD This presentation and the accompanying slides (the “Presentation”), which have been prepared by Magadh Sugar & Energy Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to pu
Slide 4: Company Overview
/\)MAGADH SUGAR &® ENERGYLTD Company Overview
Slide 5: Company Overview
Company Overview MAGADH SUGAR & ENERGYLTD * Incorporated in 1932 (Group in Sugar Business over 9 decades), pursuant to the scheme of merger and demerger this company formed in 2015 New Swadeshi Sugar Mills 7,500 TCD ¢ Located in Bihar, the company’s core business includes Sugar Paschim eas , ’ New S
Slide 6: Consistently Improving Financial Performance
Consistently Improving Financial Performance @) MAGADH SUGAR & ENERGYLTD 117 1,098 954 998 955 117 127 8? 46 °0 a L i : a a FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 750 658 19.07 471 13.35 11.21 451 394 509.5 514 FY21 FY22 FY23 FY24 FY21 FY22 FY23 ~~ FY24 Fy21 FY22 FY23 FY24 *Not
Slide 7: Q4 & FY24 Highlights
/\)MAGADH SUGAR &® ENERGYLTD Q4 & FY24 Highlights
Slide 8: Operational Performance — Sugar (1/2)
Operational Performance — Sugar (1/2) MAGADH SUGAR & ENERGYLTD Sugarcane Crushing Lac Qtls 148.95 147.37 1.07% 239.98 219.13 9.51% Sugar Production Lac Qtls 16.39 14.33 14.38% 25.09 20.69 21.27% Sugar Sales — Domestic Lac Qtls 4.65 3.87 20.16% 20.12 14.67 37.15% Sugar Sales — Export Lac Qtls - 1.54
Slide 9: Operational Performance - Distillery & Power (2/2)
Operational Performance - Distillery & Power (2/2) 2) MAGADH SUGAR & ENERGYLTD Distillery Production Lac Litres 132.27 142.88 -7.43% 498.68 393.48 26.74% Sales Lac Litres 124.30 114.90 8.18% 466.85 398.95 17.02% Avg. Realisation Rs/ Litres 58.51 64.35 -9.08% 60.14 60.76 -1.02% Closing Stock Lac Litr
Slide 10: Segment Performance — Q4 & FY24
Segment Performance — Q4 & FY24 1\\MAGADH SUGAR & ENERGYLTD Revenue PBIT PBIT Margins Segments Q4FY24 Q4FY23 YoY (%) Q4FY24 Q4FY23 YoY (%) Q4FY24 Q4FY23 Sugar 252 336 -25% 28 34 -18% 11% 10% Distillery 84 76 11% 22 12 83% 26% 16% Co generation 55 55 - 27 19 42% 49% 35% Total 391 467 -16% 77 65 18% -
Slide 11: Segment Revenue Drivers — Q4 & FY24
Segment Revenue Drivers — Q4 & FY24 @)MAGADHSUGAR & ENERGYLTD 84 55 336 252 ] / QAFY23 QAFY24 QAFY23 QAFY24 QAFY23 QAFY24 Non Diversion of Sugarcane Syrup to Ethanol Low Sugar Sale by 14% Higher Ethanol Volume Sale, up 8% Increase in “C” Ethanol Rate 296 85 394 946 / FY23 FY24 FY23 FY24 FY23 FY24 Hi
Slide 12: PBIT Drivers — Q4 & FY24
PBIT Drivers —Q4 & FY24 @)MAGADHSUGAR & ENERGYLTD 34 22 27 28 / } / QAFY23 QAFY24 QAFY23 QAFY24 QAFY23 QAFY24 Increase in Ethanol Rate Lower Volume of Sale by 14% Higher Volume of sale, up by 8% Revision in Tariff in respect to earlier years Lower Bagasse Rate 89 73 34 / i i FY23 FY24 FY23 FY24 FY23
Slide 13: Financial Snapshot — Q4 & FY24
Financial Snapshot — Q4 & FY24 @) MAGADH SUGAR & ENERGYLTD 299 81 47 69 35 QAFY23 QAFY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 955 1,098 117 214 133 50 FY23 FY24 FY23 FY24 FY23 FY24 Total Income for FY24 up by 15% on account of higher qty of sugar sales, better sugar realisation and higher ethanol sales EBIDT
Slide 14: Business Updates
Business Updates 2) MAGADH SUGAR & ENERGYLTD Details of Term Loan Outstanding :- Term Loan 123 188 Cash Credit / Short Term Loan / SCD / ICD 514 * 394 Total 637 582 * Due to higher Inventory of Sugar by 37%, pursuant to government notification on diversion of sugar Juice. = Long Term and Short-Term
Slide 15: Profit & Loss Highlights
Profit & Loss Highlights MAGADH SUGAR & ENERGYLTD Total Income 288 299 1098 955 Raw Material Cost 143 177 702 668 Employee Cost 19 23 63 62 Other Expenditure 45 30 119 92 EBITDA 81 69 214 133 Depreciation 25 25 PBIT 74 62 189 108 Interest 11 32 31 Profit Before Tax 63 53 157 77 Tax 16 18 40 27 Profi
Slide 16: Balance Sheet
Balance Sheet 2) MAGADH SUGAR & ENERGYLTD Shareholder’s Funds 746 639 Non-Current Assets 810 794 Share Capital 14 14 ; Fixed Assets 791 790 Other Equity 732 625 Non-current Liabilities 124 177 Capital W.1.P 5 2 Long term Borrowings 72 123 Other non-current assets 14 2 Long-Term Provisions 3 3 Curren
Slide 17: Industry Overview
/\)MAGADH SUGAR &® ENERGYLTD Industry Overview ra
Slide 18: Global Sugar Industry — Update
Global Sugar Industry — Update MAGADH SUGAR & ENERGYLTD World Sugar Balance Global Sugar Price Trend (USD/Kg) 0.60 0.55 0.5 0.50 0.45 Production 178.1 179.7 0.40 0.35 Consumption 177.8 180.4 0.30 0.25 Export Availability 0.20 Oct-20 Feb-24 Dec-20 Jun-21 Oct-21 Jun-22 Oct-22 Jun-23 Oct-23 Feb-21 Feb-
Slide 19: Indian Sugar Industry — SS 2023-24
Indian Sugar Industry — SS 2023 24 @)MAGADH SUGAR & ENERGYLTD Domestic Sugar Balance Sheet State-wise Sugar Production as on 31° March | Allindia | Opening Stock 70 56 ' Total | Gross Sugar Production 366 340 meee eee eee Diversion for Ethanol 38 20 Net Production 328 320 Consumption 279 285 Exports
Slide 20: Latest Developments in the Sugar Industry
Latest Developments in the Sugar Industry 2) MAGADH SUGAR & ENERGYLTD I I I ¢ FRP of Sugar Cane for Sugar Season 23-24 raised by Rs. 20/- for a base recovery of Rs. 10.25% (C.Y.) Rs. 305 / Qtl for I I 10.25% I Coss I I * The Government imposed 50% duty on exports of molasses, a by-product of sugar i
Slide 21: Indian Ethanol Play gets Stronger
Indian Ethanol Play gets Stronger /\)MAGADH SUGAR & ENERGYLTD Quantity Supplied (Ethanol) and % Blending Trends Allocation of Ethanol by OMC till cycle 2 15.0% Government aims 15% in 2023-24 and 20% in 2024-25 India achieves 11.6% ethanol blend with petrol in first 4 | Sugarcane Juice/ Syrup 43 mont
Slide 22: Let's Connect
Let’s Connect @)MAGADHSUGAR &® ENERGYLTD STELLAR Mr. Dilip Patodia / Mr. Sudershan Bajaj Ms. Pooja Sharma / Ms. Amritha Poojari dilip.patodia@birla-sugar.com / sudershan.bajaj@birla-sugar.com pooja.sharma@stellar-ir.com / amritha@stellar-ir.com 9/1,R.N. Mukherjee Road, Kolkata B-612/A, Kanakia Walls
Magadh Sugar & Energy — Q4 FY24 Earnings Presentation on 6ix