Slide 1: Q3 & 9M FY13 Result Presentation
Globus Spirits Limited Q3 & 9M FY13 Result Presentation February 12, 2013
Slide 2: Safe Harbour
Safe Harbour 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 t
Slide 3: Table of Content
Table of Content Title Slide No. Company Overview 4 The 360O Way 5 Our Strengths 6-7 Demonstrated Track Record 8-9 Management’s Message 11 Q3 FY13 Financials 12 9M FY13 Financials 13 Balance Sheet Snapshot 14 Business Overview 15-16 Outlook 17 About Us & Investor Contacts 18
Slide 4: Globus Spirits Ltd – Company Overview
Globus Spirits Ltd – Company Overview Decades of management experience in this Sales & Capacity Utilization sector led by the promoter Mr. Ajay Swarup 8.0 7.1 100% Only company to have a 360o presence, offering 6.0 5.2 5.4 80% products across the value chain 3.8 60% 4.0 2.8 Strong consumer bus
Slide 5: The 360o Way
The 360o Way A Unique Model Perfected by Globus – Straddles the entire value chain in alcohol Enables Globus to capture margins across the value chain Allows the company to secure economies of scale in production Insulates the Company from any risk in the movement of prices, important in curre
Slide 6: Our Strengths
Our Strengths • Only Company in the Alcobev industry to straddle all segments of the spirits value chain (consumer and manufacturing) 360o Business Model • Insulates from risk in price movement of any one of the products • Enables leveraging growth opportunities across all segments • Ensures greater
Slide 7: Our Strengths
Our Strengths • Ability to build technologically superior plants at a much lower cost than the industry average: Over the last 3 years, ~3x capacity expansion has been Capital Efficient achieved without any equity dilution Operations • Strong cash conversion cycle resulting in low working capital in
Slide 8: Demonstrated Track Record
Demonstrated Track Record Total Income from Operations (Rs. Million) EBIDTA (Rs. Million) 6,000 5,574 800 750 700 652 5,000 3,835 600 4,000 500 400 3,000 2,650 400 1,971 286 300 245 2,000 1,569 200 1,000 100 0 0 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 PAT (Rs. Million) EPS (Rs.) 500 20 17.
Slide 9: Demonstrated Track Record
Demonstrated Track Record ROCE (%) RONW (%) 50% 40% 42.3% 34.9% 41.0% 35% 40% 30% 26.2% 31.3% 24.3% 30% 27.7% 25% 21.6% 20.8% 20% 17.9% 20% 15% 10% 10% 5% 0% 0% FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Debt to Equity (x) Debt to EBIDTA (x) 0.5 1.6 0.4x 1.3x 0.4 1.2 0.3x 0.3 0.3x 0.7x 0.2x 0
Slide 10: Q3 & 9M FY13 Financial Performance
6A Globus Spirits Q3 & 9M FY13 Financial Performance
Slide 11: Management’s Message
Management’s Message Commenting on Globus Spirit Limited’s Q3 FY13 results, Mr. Ajay Kumar Swarup, Managing Director of Globus Spirits Limited said: “The performance during the quarter is a reflection of our strong, integrated and unique 360° business model. Testimony to this is the robust performan
Slide 12: Q3 FY13 Financials
Q3 FY13 Financials Particulars Q3 FY13 Q3 FY12 Y-o-Y Change % Income from Operations (Gross) 1,863.3 1,926.7 (3.3) Less: Excise Duty Paid and Discount, 308.5 400.7 (23.0) Allowance & Returns Add: Other Operating Income 15.8 3.0 427.0 Total Income from Operations (Net) 1,570.6 1,529.0 2.7 EBIDTA 202.
Slide 13: 9M FY13 Financials
9M FY13 Financials Particulars 9M FY13 9M FY12 Y-o-Y Change % Income from Operations (Gross) 5,360.9 5,169.7 3.7 Less: Excise Duty Paid and Discount, 1,056.4 1,181.2 (10.6) Allowance & Returns Add: Other Operating Income 32.1 22.8 40.8 Total Income from Operations (Net) 4,336.6 4,011.3 8.1 EBIDTA 59
Slide 14: Balance Sheet Snapshot
Balance Sheet Snapshot Amount in Rs. Million, unless otherwise mentioned As on As on Particulars December 31, 2012 December 31, 2011 Gross Block 3,891 2,818 Capital Work-in-Progress 699 512 Networth 2,781 2,415 Total Debt 1,254 850 ₋ Working Capital 744 525 ₋ Term Loans 498 216 ₋ Others 12 109 Cash
Slide 15: IMIL & IMFL (Branded business)
IMIL & IMFL (Branded business) IMIL: Q3 Revenues and Volumes IMFL*: Q3 Revenues and Volumes 1,000 3.44 4 160 0.3 0.21 800 2.63 0.2 3 120 600 0.2 947 2 80 400 144 0.07 0.1 768 1 40 200 0.1 73 0 0 0 0.0 Q3 FY12 Q3 FY13 Q3 FY12 Q3 FY13 Sales (Rs. Mn) Volumes (Mn. Cases) Sales (Rs. Mn) Volumes (Mn. Case
Slide 16: Franchisee IMFL & Bulk Alcohol
Franchisee IMFL & Bulk Alcohol Franchisee IMFL*: Q3 Revenues and Volumes Bulk Alcohol: Q3 Revenues and Volumes 400 0.54 0.6 500 10.17 12.0 0.5 400 10.0 300 7.43 0.36 0.4 8.0 300 200 0.3 454 6.0 340 200 0.2 296 4.0 100 267 100 0.1 2.0 0 0.0 0 0.0 Q3 FY12 Q3 FY13 Q3 FY12 Q3 FY13 Sales (Rs. Mn) Volumes
Slide 17: Outlook
Outlook Boosting the 360⁰ model through a Greenfield presence in Eastern region Focus on streamlining GSL’s existing portfolio Emphasize on value enhancement through launch of higher value added products
Slide 18: About Us
About Us Established in 1992, Globus Sprits Limited (BSE code: 533104, NSE Id: GLOBUSSPR, ISIN Id: INE615I01010) is engaged in manufacturing, marketing and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol and contract bottling for established IMFL brands. The