Dhampur Sugar Mills Limited · NSE:DHAMPURSUG
Dhampur Sugar Mills — Q4 FY24 Earnings Presentation
27 slides from Dhampur Sugar Mills's earnings presentation, May 1, 2024
Slide 1: Cover letter to stock exchanges
01.05.2024 To, The Manager - Listing The General Manager – DSC National Stock Exchange of India Ltd. BSE Limited Exchange Plaza,Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East) Dalal Street, Fort, Mumbai - 400 051 Mumbai: 400001 Tel No. 022-2659 8237 /38 Tel No.022-22722039/37/3121 Symb
Slide 2: Dhampur Sugar Mills Ltd Financial Results: Q4-FY24
Dhampur Sugar Mills Ltd Financial Results: Q4-FY 24 Date : 1st May 2024 1
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation is strictly confidential and may not be copied, published, distributed or transmitted. The information in this presentation is being provided by Dhampur Sugar Mills Limited (also referred to as the ‘Company’). By attending the meeting where this presentation
Slide 4: Content
Content Slide No. Company Overview 4-8 Highlights : FY24 9 Financial Performance 10-16 Segment Performance 17-23 Consolidated Financial Performance 24 Brand… ‘Mishti by Dhampur’ 25 3
Slide 5: Company Overview
Company Overview 4
Slide 6: Business Facilities
Business Facilities Dhampur Rajpura Sugar- 15000 TCD Sugar-9000 TCD Co-Gen-78.5 MW Co-Gen- 48 MW Distillery- 350 KLPD (C Heavy)* Ethyl Acetate- 140 MT per day Potable Spirits- 14000 cases per day *100 KLPD grain-based distillery commissioned in Q1 FY24. 5
Slide 7: Board of Directors
Board of Directors Mr. Ashok Kumar Goel, Chairman Mr. Gaurav Goel, Vice Chairman and Managing Director Mr. Yashwardhan Poddar, Independent Director Mr. Anuj Khanna, Independent Director Mr. Satpal Kumar Arora, Independent Director Ms. Pallavi Khandelwal, Independent Director Mr. Subhash Pandey, Whol
Slide 8: Key Milestones
Key Milestones 1933 1995 2004 2006 2007 2008 Sugar mill established Distillery in Dhampur with 100 Increased distillery Raised US$53.7mn Installed multi-fuel high Expanded sugar crushing at Dhampur KLPD capacity to 140 KLPD through GDR pressure boilers at Dhampur Capacities - Dhampur to
Slide 9: Shareholding Pattern and Credit Rating
Shareholding Pattern March 2023 March 2024 Credit Rating –India Ratings & Research (Fitch Group) Instrument Type Rating/Outlook Issuer Rating IND AA-/Stable Term Loan IND AA-/Stable Working Capital Limits IND A+/Stable Fixed Deposits IND AA-/Stable 8
Slide 10: Highlights: FY24
Highlights : FY24 Successfully completed buyback of equity shares (Rs. 30 Crores), first ever since inception Credit rating for Term Loan upgraded to AA- (Earlier rating A+) Successfully commissioned 100 KLPD grain-based distillery Successfully commissioned 5.5 MW capacity for co-generation of power
Slide 11: Financial Performance
Financial Performance 10
Slide 12: Standalone Performance Highlights
Standalone Performance Highlights Q4-FY 24 Vs Q4-FY23 Revenue from operations down : 11.6% EBITDA margin up : 1.2% PBT down : 12.8% FY24 Vs FY23 Revenue from operations down : 6.4% EBITDA margin is at same level : 11.0% PBT down : 11.4% 11
Slide 13: Revenue from Operations and Profit Before Tax
Revenue from Operations Q4 FY24 Vs Q4 FY23 FY 24 Vs FY 23 Profit Before Tax Q4 FY24 Vs Q4 FY23 FY 24 Vs FY 23 Increase Decrease Total Amount in Rs. Crore 12
Slide 14: Standalone Financial Performance
Standalone Financial Performance Q4 Q4 % % FY 24 FY 23 Particulars FY 24 FY 23 Change Change Revenue from 666.9 754.0 -11.6 2644.1 2826.0 -6.4 Operations EBITDA 100.5 105.1 -4.4 291.8 311.0 -6.2 EBITDA (%) 15.1 13.9 11.0 11.0 PBT 68.6 78.7 -12.8 190.5* 215.1 -11.4 PBT (%) 10.3 10.4 7.2 7.6 PAT 51.7
Slide 15: Balance Sheet: Highlights
Balance Sheet : Highlights Amount in Rs. Crore 14
Slide 16: Key Ratios
Long Term Debt to Equity 0.27 0.22 31st Mar 23 Debt Service Coverage Ratio qa 31st Mar 23 Bist Mar 24 31st Mar 24 Key Ratios Net Long Term Debt to EBITDA 0.79 31st Mar 23 Fixed Assets Coverage Ratio g 31st Mar 23 31st Mar 24 31st Mar 24 {iD DHAMPUR Legacy for tomorrow Net Debt to EBITDA 31st Mar 23
Slide 17: Balance Sheet
Balance Sheet As on As on Particulars 31st March 24 31st March 23 Non Current Assets 1175.4 1157.9 Current Assets 1127.2 923.0 Cash & Cash Equivalents/Investments 48.2 34.1 Total Assets 2350.8 2115.0 Equity 1095.2 1038.9 Long Term Borrowings 164.9 217.1 Other Non Current Liabilities 28.0 29.2 Deferr
Slide 18: Segment Performance
Segment Performance 7 Ma 2 pe lA
Slide 19: Standalone Revenue Share
Standalone Revenue Share Q4 FY 23 Q4 FY 24 FY 23 FY 24 18
Slide 20: Standalone Profit (EBIT) Share
Standalone Profit (EBIT) Share Q4 FY 23 Q4 FY 24 FY 23 FY 24 19
Slide 21: Sugar Segment
Sugar Segment Particulars UOM Q4 FY24 Q4 FY23 FY 24 FY 23 Cane Crushed Lakh tons 15.78 18.85 36.69 39.02 Gross Recovery % 11.73 12.38 11.63 12.04 Production-Sugar Lakh tons 1.75 1.47 3.53 3.08 Sales-Sugar Lakh tons 0.71 0.96 2.58 3.89 Inventory -Sugar Lakh tons 2.10 1.20 2.10 1.20 Realisation-White
Slide 22: Power Segment
Power Segment Particulars UOM Q4 FY24 Q4 FY23 FY 24 FY 23 Generation Cr. Units 17.07 16.70 40.66 39.00 Export Cr. Units 8.66 7.25 18.07 17.77 Realization Rs./unit 3.60 3.76 3.59 3.54 Amount in Rs. Crore Q4 FY24 Q4 FY23 Variance FY 24 FY 23 Variance Particulars Revenue 89.8 94.6 -5.1 225.6 217.1 3.9
Slide 23: Ethanol Segment
Ethanol Segment Particulars UOM Q4 FY24 Q4 FY23 FY 24 FY 23 Production- B heavy* Lakh BL 106.52 - 668.51 269.12 - C heavy* Lakh BL 73.63 - 73.63 - - Syrup* Lakh BL - 347.18 275.98 661.97 - Grain/Maize Lakh BL 77.11 - 171.67 - Sales- B heavy Lakh BL 133.17 - 668.30 279.37 - C heavy Lakh BL 61.71 - 61
Slide 24: Chemicals-Ethyl Acetate and Potable Spirits
Chemicals-Ethyl Acetate Particulars UOM Q4 FY24 Q4 FY23 FY 24 FY 23 Production Lakh Kg 83.21 108.18 327.21 345.45 Sales Lakh Kg 78.89 107.40 323.32 351.91 Amount in Rs. Crore Q4 FY24 Q4 FY23 Variance FY 24 FY 23 Variance Particulars Revenue 61.0 86.0 -29.1 259.9 302.4 -14.1 EBIT 1.5 6.9 -78.3 13.2 2
Slide 25: Consolidated Financial Performance
Consolidated Financial Performance Q4 Q4 % % FY 24 FY 23 Particulars FY 24 FY 23 Change Change Revenue from 667.1 759.0 -12.1 2646.8 2874.0 -7.9 Operations EBITDA 100.7 107.9 -6.7 293.4 318.8 -8.0 EBITDA (%) 15.1 14.2 11.1 11.1 PBT 68.8 81.5 -15.6 192.1* 222.8 -13.8 PBT (%) 10.3 10.7 7.3 7.8 PAT 51.
Slide 26: Mishti by Dhampur
i.) DHAMPUR Legacy for tomorrow (D OHAMPUR SUGAR MILLS LTO — £STO 1933 25
Slide 27: Thank You
Thank You For further information, please contact : Dhampur Sugar Mills Ltd. 6th Floor, Max House, Okhla Industrial Estate, Phase III New Delhi – 110020, Telephone : +91-11-41259400 Email: investordesk@dhampursugar.com, Website: www.dhampursugar.com 26