Avadh Sugar & Energy Ltd. · NSE:AVADHSUGAR
Avadh Sugar & Energy — Q1 FY20 Earnings Presentation
28 slides from Avadh Sugar & Energy's earnings presentation, Aug 16, 2019
Slide 1: Regulation 30 disclosure cover letter to stock exchanges
‘A‘AVA DH ‘SUGAR & ENERGY LTD AVADH/SE/2019-20/46 August 16, 2019 The Manager The Manager The Secretary Listing Department Listing Department The Calcutta Stock National Stock Exchange of India Limited BSE Ltd. Exchange Ltd. ‘Exchange Plaza’ 1st Floor, New Trading Ring 7, Lyons Range C 1, Block G —
Slide 2: Avadh Sugar & Energy Limited Investor Presentation August 2019
Avadh Sugar & Energy Limited Experience ! Expertise ! Excellence Investor Presentation | August 2019 1
Slide 3: Agenda
Agenda Q1 FY20 Highlights Key Industry Developments Key Growth Drivers 2
Slide 4: Q1 FY20 Financial Highlights
Q1 FY20 Financial Highlights 3
Slide 5: Key Business Updates – Q1 FY20
Key Business Updates – Q1 FY20 Sugar Stock as on 30th June 2019, 50.54 lakh quintals against 31.69 lakh in 30th June 2018 Average realization in Q1FY20 Rs. 3,246 per quintal; Q1FY19 Rs. 2,766 per quintal Crushing during Q1FY20 141.32 Lac Quintal compared to 137.65 in Q1FY19; up by 2.7% Avera
Slide 6: Q1FY20 Result Highlights
Q1FY20 Result Highlights Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 2368 2130 295 120 272 88 596 86.5 86.9 36 479 26 Q1FY20 Q1FY19 FY18 FY19 Q1FY20 Q1FY19 FY18 FY19 Q1FY20 Q1FY19 FY18 FY19 5
Slide 7: Profitability Highlights
Profitability Highlights Rs. Crore Q1FY20 Q1FY19 FY19 FY18 Total Income 478.6 596.1 2,133.7 2,372.6 Total Expenditure 392.1 509.2 1,838.7 2,099.6 EBITDA 86.5 86.9 294.9 273.0 EBIDTA margin (%) 18.1% 14.6% 13.8% 11.5% Depreciation 11.0 10.9 43.7 44.5 PBDT 75.5 76.0 198.0 158.7 Interest 34.2 29.5 96.9
Slide 8: Q1FY20 Segmental Highlights
Q1FY20 Segmental Highlights 7
Slide 9: Sugar Segment Performance
Sugar Segment Performance Segmental Revenues PBIT (Rs. Lakh) (Rs. Lakh) Q1FY20 43,733 2,851 Q1FY19 54,125 3,442 FY19 1,91,228 6,801 FY18 2,24,496 14,255 Sugarcane Crushed Sugar Sold Average Realization Sugar Recovery (%) (lakh quintals) (Lakh quintals) (Rs. Per kg) Q1FY20 141.32 11.72 11.42 3,246 Q1
Slide 10: Sugar Segment Performance
Sugar Segment Performance Cane Crushed (Lakh Quintals) Sugar Recovery (%) 568.96 518.51 11.81 11.72 421.15 385.49 11.3 11.17 11.15 11.19 137.65 141.32 FY16 FY17 FY18 FY19 Q1FY19 Q1FY20 FY16 FY17 FY18 FY19 Q1FY19 Q1FY20 Average Realization (Per Kg) 35.69 35.51 32.46 30.02 26.53 27.66 FY16 FY17 FY18 F
Slide 11: Distillery Segment Performance
Distillery Segment Performance Segmental Revenues PBIT (Rs. Lakh) (Rs. Lakh) Q1FY20 6,499 3,613 Q1FY19 6,259 3,131 FY19 25,445 14,214 FY18 19,460 5,716 Average Realization of Total Alcohol Production Total Alcohol Sales Ethanol (Lakh litres) (Lakh litres) (Rs./litre) Q1FY20 191.59 149.45 43.60 Q1FY1
Slide 12: Distillery Segment Performance
Distillery Segment Performance Production (crore liters) Sales (crore liters) 6.17 5.42 5.72 5.4 5.41 5.73 4.84 4.95 1.83 1.92 1.6 1.5 FY16 FY17 FY18 FY19 Q1FY19 Q1FY20 FY16 FY17 FY18 FY19 Q1FY19 Q1FY20 Average Realization Distillery (Rs. Per Lt) 43.6 41.91 40.99 41.2 40.85 39.67 FY16 FY17 FY18 FY19
Slide 13: Co-Generation Segment Performance
Co-Generation Segment Performance Segmental Revenues PBIT (Rs. Lakh) (Rs. Lakh) Q1FY20 5621 1575 Q1FY19 4986 1272 FY19 19,486 5,460 FY18 16,000 3,998 Power Generation Power Sales Average Realization (lakh units) (Lakh units) (Rs. Per Unit) Q1FY20 666.65 515.30 5 Q1FY19 639.36 478.30 5 FY19 2,399 1,9
Slide 14: Company Overview
Company Overview 13
Slide 15: Avadh Sugar & Energy Limited (ASEL) - Demerger
Avadh Sugar & Energy Limited (ASEL) - Demerger Upper Ganges Oudh Sugar Sugar & Industries Sugar, Ethyl Alcohol Sugar, Ethyl Alcohol including Ethanol, including Ethanol, co-generation of Tea Business Other Business co-generation of Food Processing Other Business Power and By Power and By Products Pr
Slide 16: ASEL – Company Overview
ASEL – Company Overview Incorporated in 1932 (Group in Sugar Business over 8 decades), consequent upon various schemes of merger and demerger this company formed in 2015 Integrated sugar player dealing in Sugar, Spirits & Ethanol, Cogeneration and other byproducts Four sugar mills at Uttar Pradesh -
Slide 17: Production Chain
Production Chain Cane Industrial Spirit & Molasses Distillery Ethanol Development & Marketing Farmers (200 KLPD) Clarification Sugar Sugarcane Juice Evaporation (31,800 TCD) Crystallization Sugarcane ASEL Crushing (4 Facilities) Power Co-generation Bagasse Generation (Total: 74 MW) Legends: Entity I
Slide 18: ASEL - Capacities
ASEL - Capacities Total Sugar Production Total Ethanol Production Total Power Co-Generation 31,800 TCD 200 KLPD 74 MW Uttar Pradesh Avadh Sugar & Energy Limited Type Plant (Uttar Pradesh) Crushing Hargaon Sugar Mills 10,000 tonnes of sugarcane per day Rosa Sugar Works 4,800 tonnes of sugarcane per d
Slide 19: Geographical Presence of Capacities
Geographical Presence of Capacities Sugar 10,000 TCD Alcohol/Ethanol 100 KLPD Co-Generation 24 MW Sugar 4,800 TCD Sugar 10,000 TCD Alcohol/Ethanol 100 KLPD Co-Generation 15 MW Sugar 7,000 TCD Co-Generation 35 MW 18
Slide 20: Key Managerial Personal
Key Managerial Personal “Great Experience Builds remarkable Organisation” Mrs Nandini Nopany Mr C. S. Nopany Chairperson Co-Chairperson Mrs Kausalya Madhavan Mr Anand Ashvin Dalal Mr Gaurav Swarup Mr Kalpataru Tripathy Mr Pradip Kumar Bishnoi Non- Executive Independent Director Independent Director
Slide 21: Key Industry Developments
Key Industry Developments 20
Slide 22: Key Industry Updates
Key Industry Updates As per ISMA total sugar production in Centre revised Sugar Minimum Selling Govt announced an additional soft India hit 32.9 Million Tones as on 30th price to Rs 31 per kg (overall Rs. 2 loan of Rs. 12,900 crore for sugar mills June, 2019 compared to 32.2 million increase), a maj
Slide 23: Sugar industry – production and consumption
Sugar industry – production and consumption Domestic Sugar Balance 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 #Est Opening Stock 7.6 8.2 6.5 8.8 7.7 3.96 10.72 Production 25.1 24.3 28.3 25.1 20.3 32.47 33.0 Increase in Production -4.56% -3.19% 16.46% -11.31% -19.21% 59.95%
Slide 24: Key Growth Drivers
Key Growth Drivers 23
Slide 25: Balance Sheet De-leveraging
Balance Sheet De-leveraging Focus on Balance Sheet Deleveraging Long Term and Medium Term ratings of the Company stands at BBB+ assigned by CARE The Company repaid long term loans of Rs18 crores during Q1FY20 Long term loans stood at Rs 806 crores as on 30th June, 2019, incl Soft Loan of Rs 478 cror
Slide 26: Capitalizing Ethanol opportunity
Capitalizing Ethanol opportunity CAPEX of Rs. 135 crores, to Expansion of Current be funded Distillery Capacity from 200 KLPD To 260 KLPD through combination of Term Loan & own Funds 25
Slide 27: 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 28: Let’s Connect
Let’s Connect Mr. Dilip Patodia Mr. Vikash Verma / Mr. Abhishek Bhatt dilip.patodia@birla-sugar.com vikash.verma@stellar-ir.com abhishek@stellar-ir.com 9/1,R.N. Mukherjee Road, Kolkata B707, Kanakia Wallstreet, Andheri (East) For more information visit: 27 www.birla-sugar.com