Avadh Sugar & Energy Ltd. · NSE:AVADHSUGAR
Avadh Sugar & Energy — Q4 FY19 Earnings Presentation
30 slides from Avadh Sugar & Energy's earnings presentation, May 15, 2019
Slide 1: Avadh Sugar and Energy Limited Investor Presentation May 2019
A /\\//\_ p H _liiixxx“ -3.i."::\.’i—IL.‘ ASEL/SE/2018—1 9/14 15th May, 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,
Slide 2: Avadh Sugar and Energy Limited Investor Presentation May 2019
Slide 3: Agenda
Agenda Q4FY19 &}Y19 Highligh‘s Key Industry nevelnpmems Key (:me Dfivels
Slide 4: Q4FY19 & FY19 Financial Highlights
Slide 5: Key Business Updates FY19
Key Business Updates FY19 - ' SugarStockason 3lstMaIch 2019, 44.94 lakh quintals ' Average realization in FY19 Rs. 3,002 perquintal; FY18 Rs. 3,551 perquintal ' Crushing during cune ntFY569 Iac Quintalcompared to 519 in FY18; up by 10% ' Average rec over during the Sugar-Season 2018-19 (till315‘Marc
Slide 6: Q4 & FY19 Result Highlights
Q4 &FY19 Result Highlights 2368 120 2130 295 272 148 444 Q4FY19 FY18 —10 —39 Q4FY18 Q4FY19 FY18 FY19 Q4Y18 Q4Y19 FY18 FY19
Slide 7: Profitability Highlights
Profitability Highlights Rs. lee Q4FY19 Q4FY18 YoY FY19 FY18 YoY 'lbtalIncome 534.5 446.5 19.7% 2,133.7 2,372.6 -10.1% 'Emllflxpenditure 386.51 456.05 1,838.7 2,099.6 EBl'lDA 148.0 -9.6 294.9 273.0 8.0% HEIDM margm (%) 27.7% -2.2% 13.8% 11.5% 230 bps Depreciation 10.9 11.0 43.7 44.5 PHDT 120.1 -38.6
Slide 8: Q4FY19 & FY19 Segmental Highlights
Slide 9: Sugar Segment Performance
A /-\V/—\ D H SUGAR& k»’\I%RC;YHD SugarSegment Performance SegmentalRevenues % contribution to PBIT(Rs. Iakh) % contribution to PBIT (Rs. Iakh) Revenues Q4FY19 46,996 72.5 6,298 45.93 Q4FY18 39,526 72.8 (7,493) FY19 1,91,228 80.5 6,801 27.06 FY18 2,24,496 86.0 14,255 62.38 Sugarcane Crushed SugarSol
Slide 10: Sugar Segment Performance
SugarSegment Performance Cane Crushed (Iakh Quintals) SugarRecover (%) 568. 96 12.37 518. 51 42115 385.49 11.81 11.63 283.17 285.07 11.17 11. FY16 FY17 FY19 I I Q4FY18 Q4FY19 FY16 I17i:15 FY19 I Q4FY18 Q4FY19 Production (lakh Quintals) Average Realization (PerKg) 35.69 35.51 67.14 31. 56 30. 51 58.3
Slide 11: Distillery Segment Performance
/-\V/—\ D H ‘SUGAR& rweRsvun Distiller Segment Performance SegmentalRevenues % contribution to PBIT(Rs. Iakh) % contribution to PBIT (Rs. Iakh) Revenues Q4FY19 7,765 11.96 4,525 33.00 Q4FY18 6,009 11.07 3,469 FY19 25,445 10.72 14,214 56.56 FY18 19,460 7.45 5,716 25.01 'lbtalAlcoholeducfion 'lbtalAlc
Slide 12: Distillery Segment Performance
Distiller Segment Performance Production (cmre liters) Sales (clone liters) 6.17 5.72 5.42 5.73 4.84 5.4 5.41 495 FY16 I I I FY17 FY18 FY19 1.74 Q 4FY18 1.74 Q 4FY19 FY16 FY17 FY18 FY19 1.49 Q4FY18 1.78 Q4FY19 Average Realization Distillety (Rs. PerIt) 43.52 41.91 40.99 41 .2 40.86 39.67 FY16 FY17 F
Slide 13: Co-Generation Segment Performance
/-\V/—\ D H ‘SKJGAR& rveRsvun Co-Generation Segment Performance Segmental Revenues % contribution to PBIT (Rs. Lakh) % contribution to PBIT (Rs. Lakh) Revenues Q4FY19 9,515 14.68 3,374 24.61 Q4FY18 8,1 76 15.06 2,406 FY19 19,486 8.20 5,460 21.73 FY18 1 6,000 6.13 3,998 17.5 Power Generation Power Sa
Slide 14: Co-Generation Segment Performance
Co-Generaiion Segment Performance Power Sales to Grid (crore uniis) Average Realization Co-generaiion (Supply to Grid) 19.03 (Per unit) 17.12 14.04 5 12.79 4.8 4.75 FY16 FY17 I FY18 FY19 FY16 FY17 FY18 FY19 13
Slide 15: Company Overview
Slide 16: Avadh Sugar and Energy Limited (ASEL) - Demerger
A/\V/\!2!:I Avadh Sugar and Energy Limited (ASEL) - Demerger W\U ' E E WhorSugor whorSugor : Undeflohngs Undefiqflngs \/ - a;A/- V/-\ D H {—1 ‘SUG '\R&F:"EJ RGf‘TB 15
Slide 17: ASEL - Company Overview
ASEL — Company Overview Incorporated in 1932 (Group in Sugar Business over 7 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 18: Production Chain
Production Chain Cane Industrial Spirit & Development & Ethanol Marketing (200 KLPD) C laritication Sugar Sugarcane Juice Evaporation (31,800 TCD) Crystallization Crushing (4 Facilities) ‘ Power (Io—generation 3090559 Generation (Total: 74 MW) Legends: a Intermediate By-Product m 17
Slide 19: 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 Horgaon Sugar Mills 10,000 tonnes of sugarcane per day Rosa Sugar Works 4,800 tonnes of sugarcane per d
Slide 20: Geographical Presence of Capacities
Geographical Presence of Capacities Sugar 10,000 TCD Alcohol/Ethanol 100 KLF’D (lo—Generation 24 MW Sugar 4,800 TCD Sugar 10,000 TCD Alcohol/Ethanol 100 KLF’D (lo—Generation ISMW Sugar 7,000 TCD (lo—Generation 35 MW 19
Slide 21: Key Managerial Personnel
Key Managerial Personal ”Great Experience Builds remarkable Organisation" N N Mrs Nandini Nopany Mr C. S. Nopany Chairperson Co—Choirperson J J K N N N N Mrs Kausalya Madhavan Mr Anand Ashvin Dalal Mr Gaurav Swarup Mr Kalpataru Tripathy Mr Pradip Kumar Bishnoi NOW independent Director Executive inde
Slide 22: Key Industry Developments
Slide 23: Key Industry Updates
Key Industry Updates As per ISMA lolal sugar Ullar Pradesh Governmenl In June 2018, The Cenlre had produclion in India hil 32.12 disbursed sofl loan at 5% announced a Rs 7,000 crore Million Tones as on 3O1h April, amounting to 4,000 crore and 2019 compared lo 31.18 million package To ease liquidi’ry
Slide 24: Sugar industry - production and consumption
Sugar industry — production and consumption Domestic Sugar Balance Opening Siock 10. 72 Produc’rion 25.1 24.3 28.3 25.1 20.3 32.47 33.0 Increase in Produc’rion 456% —3.19% 16.46% —11.31% —1 9.21% 59.95% 1 .63% In’rernal Consump’rion 23.0 24.0 24.8 24.6 23.8 25.75 26.00 14-2 Closing Siock ne’r of — 8
Slide 25: Ethanol a Game Changer
Ethanol a Game Changer Alcohol demand of 6.3bn lilres expecled lo grow at 12% Alcohol Demand 2018-19 (Bn Lilres) Alcohol Demand (Bn Lilres) lPolable llnduslrial lFuelElhanol 31°“ ‘@ 0&5" 7 7 20l8—l9 2021—22 2025—35 2029—30 Polable CAGR 7% | lnduslrial CAGR 3% | Fuel Elhanol 15% India sel lo double e
Slide 26: Key Growth Drivers
Slide 27: Balance Sheet De-leveraging
Balance Sheet De-leveraging Focus on Balance Sheet Deleveraging 3 Long Term and Medium Term ratings of the Company stands at 888+ assigned by CARE > The Company repaid long term loans of R5126 crores during FY19 > Long term loans stood at Rs 598 crores as on March 31,2019, including Soft Loan of Rs
Slide 28: Capitalizing Ethanol opportunity
Capitalizing Ethanol opportunity . o . ' . O CAPEX of Rs. . @ 135 crores, to my ' be funded ExpanSIon of Current from 200 KLPD To 250 KLPD Distillery Capacity through combination of Term Loan & own Funds 27
Slide 29: Disclaimer
/-\V/—\ D H ‘SUGAR& t»’\I;.RC;YLtD Disclaimer Thts presentatton and the accompanytng sttaes (the “Presentatton“), whtch have been prepared by Avaah Sugar & Energy Ltmttea (the “Company“), have been prepared sotety for tnformatton purposes and do not constttute any offer, recommenaatton or tnvttatton
Slide 30: Let's Connect
Let's Connect STELLAR ‘ 4% Ipwrsrme RI'rATMTINS Mr. Dilip Patodia Mr. Vikash Verma / Mr. Abhishek Bhafi 9/1/R-N- Mukheriee Road, KOIkGTG B707, Kanakia Wallstreet, Andheri (East) For more information visit: 29