Shree Renuka Sugars Limited · NSE:RENUKA
Shree Renuka Sugars — Investor Presentation (November 2021)
27 slides from Shree Renuka Sugars's investor presentation, Nov 21, 2021
Slide 1: Analyst / Investor Meet intimation to exchanges
21st November 2021 Listing Department Dept. of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex P. J. Towers, Dalal Street Bandra (East), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: RENUKA BSE Scrip Code: 532670 Sub: Analyst / Investor Mee
Slide 2: Investor Presentation November 2021
Confidential Investor Presentation November 2021 November 2021
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by and are the sole responsibility of the Shree Renuka Sugars Limited (“Company”). This presentation contains selected information about the activities of the Company as at the date of this presentation, unless otherwise spe
Slide 4: Experienced Management Team
Experienced Management Team Management Team Atul Chaturvedi Sunil Ranka Vijendra Singh Executive Chairman Chief Financial Officer Executive Director & Dy. CEO S.R. Nerlikar Ravi Gupta Satbir Sindhu Executive Director - Cane Executive Director President (Marketing & OD)
Slide 5: Shree Renuka Sugars at a Glance
Shree Renuka Sugars at a Glance India’s leading sugar manufacturer with presence across the value-chain Who are We? What do we do? What have we achieved so far? One of the largest Sugar and Green Energy (ethanol and renewable power) producers in India Leader in branded sugar segment in the Milli
Slide 6: Strong Wilmar Parentage
Strong Wilmar Parentage A Titan in the Agri Commodities Space Business Reach Oil Palm cultivation Sugar Milling and Refining F500 100,000 Company Workforce Edible Oil Refining Oleochemicals Oilseeds crushing Biodiesel Manufacturing 500 Pack Edible Oil Processing Specialty Fats Mfg Pl
Slide 7: One of the Leading Sugar & Green Energy Producers with Strategic Network of Infrastructure
One of the Leading Sugar & Green Energy Producers with Strategic Network of Infrastructure • Kandla refinery location enables Refineries (TPD) competitive exports to the highly sugar deficit Middle East region 3,000 2,500 • Kandla refinery derives its Kandla Haldia logistical advantage due to proxim
Slide 8: Our Journey with Focus on Green Energy
Our Journey with Focus on Green Energy Clocked EBITDA >INR 550 cr after 7 years CoM implemented – Wilmar 2021 took controlling stake 38.57%. Increased stake to 58.34% post culmination of open offer 2022 2018 Ethanol expansion Commissioned a 3,000 from 720 KLPD to tpd port based refinery in 2020 1400
Slide 9: Key Investment Highlights
Key Investment Highlights
Slide 10: Large Addressable Opportunity with Strong Tailwinds
Large Addressable Opportunity with Strong Tailwinds Ethanol Blending Program Sugar Branding Opportunity 3,320 Madhur Sales (MT) 1,18,100 8.5% 92,218 1,886 1,730 70,047 1,505 5.0% 5.0% 665 4.2% 2.1% ESY 16-17 ESY 17-18 ESY 18-19 ESY 19-20 ESY 20-21 FY 18-19 FY 19-20 FY 20-21 Ethanol Supplied (Mn Litr
Slide 11: Resilient Business Model with Focus on Green Energy & Consumer Pack
Resilient Business Model with Focus on Green Energy & Consumer Pack • One of the largest Ethanol player in the country with annual production of 136 mn litres. With the recent announced change in the policy, SRS likely to be big beneficiary. Ethanol expansion from 720 KLPD to Focus on Green Energy 1
Slide 12: Robust Board of Directors
Robust Board of Directors Executive Directors Atul Chaturvedi Vijendra Singh Ravi Gupta Executive Chairman Executive Director & Dy. Executive Director CEO Non - Executive Directors Independent Directors Kuok Khoon Hong Jean-Luc Bohbot Madhu Rao Surender Kumar Tuteja Non – Executive Non – Executive I
Slide 13: Exhibited Improved Operating & Financial Performance (FY)
Exhibited Improved Operating & Financial Performance (FY) Cane Crushed (in MT) Refined Sugar (in MT) Ethanol manufactured (in KL) 36% 46,94,600 47,21,854 12,85,227 1,35,824 11,06,830 11,20,754 1,21,129 34,78,158 1,10,127 FY 19 FY 20 FY 21 FY 19 FY 20 FY 21 FY 19 FY 20 FY 21 Strong Revenue Growth (IN
Slide 14: Key Takeaways
Key Takeaways Leading integrated sugar company in India with significant investments and expertise in green power and 1 consumer pack business 2 India entering a new age of renewable energy under the leadership of GOI , SRSL well poised to move quickly to gain first mover advantage and capitalize on
Slide 15: Annexures Financial And Operating Metrics- FY21
Annexures Financial And Operating Metrics- FY21
Slide 16: 12M: Operational Performance
12M: Operational Performance Particulars Units 12 Months (2020-21) 12 Months (2019-20) YoY Change (%) Cane Crushed for Ethanol MT 961,016 756,713 36% Cane Crushed for Sugar MT 3,760,538 2,721,445 Sugar Produced from Cane MT 420,586 315,115 33% Ethanol - C Molasses KL 5,136 18,192 Ethanol - BH KL 6,0
Slide 17: 12M: Commercial Performance
12M: Commercial Performance 12 Months (2020-21) 12 Months (2019-20) YoY Change (%) Particulars Unit Sales Price Realised Sales Price Realised Sales Price Quantity (INR/unit) Quantity (INR/unit) % Milling Sugar - Local INR/MT 171,620 32,089 215,489 32,278 -20% -1% Sugar - Madhur INR/MT 118,100 36,999
Slide 18: 12M: Consolidated P&L
12M: Consolidated P&L Particulars Units 12 Months Ending Mar’21 12 Months Ending Mar’20 YoY Change (%) Revenue from operations INR Mn 55,554 47,408 17.2% Income from incentive to sugar mills INR Mn 931 1,404 (33.7%) Other Income INR Mn 371 588 (36.9%) Total Income INR Mn 56,856 49,400 15.1% Gross Pr
Slide 19: 12M: Segment Wise P&L Consolidated
12M: Segment Wise P&L Consolidated Particulars (In INR Mn) 12 Months Ending Mar’21 12 Months Ending Mar’20 Segment Revenue (a) Sugar - milling 19,513 17,461 (b) Sugar – refinery 35,040 27,166 (c) Ethanol 7,015 4,713 (d) Co-generation 4,540 3,941 (e) Trading 5,656 7,259 (f) Engineering 503 898 (g) Ot
Slide 20: Consolidated Balance Sheet As On 31st March 2021
Consolidated Balance Sheet As On 31st March 2021 Particulars (In INR Mn) As On Mar’21 As On Mar’20 Particulars (In INR Mn) As On Mar’21 As On Mar’20 Equity Assets Equity Share capital 2,128 1,917 Non- current assets Other equity (8,754) (10,743) Equity attributable to Property, plant and equipment 3
Slide 21: Annexures Financial And Operating Metrics- H1 FY22
Annexures Financial And Operating Metrics- H1 FY22
Slide 22: Exhibited Improved Operating & Financial Performance (HY)
Exhibited Improved Operating & Financial Performance (HY) Cane Crushed (in MT) Refined Sugar (in MT) Ethanol manufactured (in KL) 21,349 26,930 5,84,127 20,673 3,35,154 - H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Revenue Growth (INR Mn) EBITDA & EBITDA margin Net Debt (INR Mn) 29,593 2,123 7% 47,669
Slide 23: H1: Operational Performance
H1: Operational Performance For the HY Particulars Units H1 Apr 21-Sep'21 H1 Apr 20-Sep'20 YoY Change (%) Milling Division Cane Crushed for Distillery MT - - - Cane Crushed for Sugar MT 21,349 - - Sugar Produced from Cane MT 2,440 - - Ethanol - C Molasses KL 5,912 1,590 Ethanol - BH KL 6,112 0 Ethan
Slide 24: H1: Commercial Performance
H1: Commercial Performance For the HY Half Yr Apr-Sep’21 Half Yr Apr-Sep’20 YoY Change (%) Particulars Unit Sales Price Realised Sales Price Realised Sales Price Quantity (INR/unit) Quantity (INR/unit) % Milling Sugar Sugar - Local INR/MT 82,258 32,154 95,370 32,843 (14%) (2%) Sugar - CP INR/MT 70,4
Slide 25: H1: Consolidated P&L
H1: Consolidated P&L For the HY Particulars Units H1 Apr 21-Sep'21 H1 Apr 20-Sep'20 YoY Change (%) Revenue from operations INR Mn 22,076 28,932 -23.7% INR Mn 381 471 -19.1% Income from incentive to sugar mills Other Income INR Mn 399 190 110.0% Total Income INR Mn 22,856 29,593 -22.8% Gross Profit I
Slide 26: H1: Segment Wise P&L Consolidated
H1: Segment Wise P&L Consolidated Particulars (In INR Mn) H1 Apr 21-Sep'21 H1 Apr 20-Sep'20 Segment Revenue (a) Sugar - milling 6,837 5,658 (b) Sugar - refinery 12,305 19,701 (c) Ethanol 3,195 2,386 (d) Co-generation 550 657 (e) Trading 1,703 3,142 (f) Engineering 441 261 (g) Other 81 68 Total Segme
Slide 27: Consolidated Balance Sheet As On 30th September 2021
Consolidated Balance Sheet As On 30th September 2021 Particulars (In INR Mn) As on Sept’21 As On Mar’21 Particulars (In INR mn) As on Sept’21 As On Mar’21 Equity Assets Equity Share capital 2,128 2,128 Non- current assets Other equity -12,392 -8,754 36,704 37,751 Property, plant and equipment Equity
Shree Renuka Sugars — Investor Presentation (November 2021) on 6ix