Associated Alcohols & Breweries Ltd. · NSE:ASALCBR
Associated Alcohols & Breweries — Q3 FY2023 Earnings Presentation
18 slides from Associated Alcohols & Breweries's earnings presentation, Feb 14, 2023
Slide 1: Associated Alcohols & Breweries Ltd. filing cover letter
Registered I Corporate Office: 4th Floor, BPK Star Tower, A.B. Road, Indore - 452 008, (M.P.)India Contact No. +91 731 4780400/490 ASSOCIATED Associated Fax : +91 731 4780410 E-mail : info@aabl.in K E D IA G R OU P Dreams Determination Dexterity Alcohols & Breweries Ltd. CIN : L15520MP1989PLC049380
Slide 2: Earnings Presentation | Q3/9M-FY23
EARNINGS PRESENTATION | Q3/9M-FY23
Slide 3: Company Snapshot
Company Snapshot Operations 3 Decades of Largest single location 45 MLPA 6 proprietary 32 Bottling Lines industry experience integrated distillery in India ENA manufacturing brands 12.5 Mn cases capacity capacity Financials 25% Zero 12% 28% A / A1 FY22 ROCE Net Debt 5-year Revenue 5-year Net Profit
Slide 4: Business Segments
Business Segments Net Revenue From Operations B2B Business (68% of Revenue*) (INR Mn) 5,226 5,159 5,126 4,358 Merchant Contract By Products IMIL ENA Manufacturing 10% 30% FY20 FY21 FY22 9M-FY23 26% 2% Capacity (MLPA) & Utilizations (%) B2C Business (32% of Revenue*) 45 45 45 45 95% 100% 100% 80% IMF
Slide 5: Products and Brands
Products and Brands Proprietary Brands James McGill Central Jamaican Bombay Special Superman Titanium Triple Apple & Orange Titanium Triple Whisky Province Whisky Magic Rum Series Series Distilled Vodka Distilled Vodka Licensed brands/ franchised brands Bagpiper Deluxe Blue Riband Flavored White Dir
Slide 6: Key Strengths
Key Strengths Superior Quality Co-generation power plant Multi Grain-based process manufacturer 60% of power coming from captive sources and expanding to further 100% Diversified Process residue Presence across alcohol value chain Converted into monetizable by-products, accounting for almost 10% of
Slide 7: Slide 7
Slide 8: Q3/9M-FY23 Financial Highlights
Q3/9M-FY23 Financial Highlights Q3-FY23 Financial Performance 9M-FY23 Financial Performance Operational Operational Net Profit Net Profit Income Income INR 108 Mn INR 318 Mn INR 1,851 Mn INR 5,159 Mn EBITDA PAT Margin EBITDA PAT Margin INR 167 Mn 5.83% INR 477 Mn 6.16% EBITDA Margin Diluted EPS EBIT
Slide 9: Q3-FY23 Segmental Highlights
Q3-FY23 Segmental Highlights Merchant ENA IMIL IMFL Proprietary IMFL Licensed Brands Revenue (INR Mn) 608 644 424 476 279 270 410 183 Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Merchant ENA (Litres) IMIL (Cases) IMFL Proprietary (Cases) IMFL Licensed Brands Volumes (‘000s) (Case
Slide 10: 9M-FY23 Segmental Highlights
9M-FY23 Segmental Highlights Merchant ENA IMIL IMFL Proprietary IMFL Licensed Brands Revenue (INR Mn) 1,804 1,411 793 907 817 1,203 431 761 9M-FY22 9M-FY23 9M-FY22 9M-FY23 9M-FY22 9M-FY23 9M-FY22 9M-FY23 Merchant ENA (Litres) IMIL (Cases) IMFL Proprietary (Cases) IMFL Licensed Brands (Cases) Volumes
Slide 11: Operational Highlights and Outlook
Operational Highlights and Outlook • The company sustained growth with revenues growing by 13% Y-o-Y in Q3-FY23 and by 41% Y-o-Y on a YTD basis • An aggressive strategy to push sales resulted in lower sales realizations during the period; this move would help the company maintain its market leadersh
Slide 12: Financial Performance
Financial Performance Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y 9M-FY23 9M-FY22 Y-o-Y Gross Revenues 1,859 1,647 12.9% 5,169 3,656 41.4% Excise duty 8 2 NA 10 11 (9.1)% Net Revenue from Operations 1,851 1,645 12.5% 5,159 3,645 41.5% Total Operating Expenses 1,684 1,376 22.4% 4,682 3,016 55.2% EBITD
Slide 13: Historical Income Statement
Historical Income Statement Particulars (INR Mn) FY20 FY21 FY22 9M-FY23 Gross Revenues 5,350 4,532 5,142 5,169 Excise duty 124 174 16 10 Net Revenue from Operations 5,226 4,358 5,126 5,159 Total Operating Expenses 4,460 3,463 4,304 4,682 EBITDA 766 895 822 477 EBITDA Margins (%) 14.66% 20.54% 16.04%
Slide 14: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Equity Non-Current Assets Share Capital 181 181 181 Property, Plant & Equipment 1,087 1,116 1,101 Other Equity 2,337 2,948 3,243 Capital Work in progress 92 236 669 To
Slide 15: Financial Overview
Financial Overview Net Revenue From Operations EBITDA (In INR Mn) & Net Profit (In INR Mn) & (INR Mn) EBITDA Margins (%) PAT Margins (%) 5,226 5,159 5,126 895 766 822 580 608 493 4,358 20.54% 477 318 13.31% 11.86% 14.66% 16.04% 9.43% 9.25% 6.16% FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 FY20 FY2
Slide 16: Capital Market Information
Capital Market Information 10% 5% 0% -5% -10% -15% -20% -25% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 AABL-Close Price Sensex Price Data (As on 31st December 2022) Shareholding Pattern (As on 31st December 2022) FII+DII, Face Value (INR) 10.00 4.02% Market
Slide 17: Disclaimer
Disclaimer 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 the d
Slide 18: Slide 18
Associated Alcohols & Breweries — Q3 FY2023 Earnings Presentation on 6ix