Dwarikesh Sugar Industries Ltd. · NSE:DWARKESH
Dwarikesh Sugar Industries — Q3 FY2017 Earnings Presentation
27 slides from Dwarikesh Sugar Industries's earnings presentation, February 2017
Slide 1: Dwarikesh Sugar Industries Limited Investor Update
Dwarikesh Sugar Industries Limited Investor Update February 2017 An Integrated Sugar Company
Slide 2: Business Overview
Business Overview
Slide 3: At a Glance
At a Glance Dwarikesh Nagar Capacity (Bijnor Dist.) Dwarikesh Puram (Dec 31, Dwarikesh Dwarikesh Dwarikesh (Bijnor Dist.) 2016) Nagar Puram Dham Aggregate Dwarikesh Dham Sugar (Bareilly Dist.) 6,500 7,500 7,500 21,500 (TCD) Uttar 86 Cogenera- 17 33 36 (Surplus: Pradesh tion (MW) c. 56) Distillery 30
Slide 4: Overview - Operations
Overview - Operations Endeavour is to extract maximum value out of sugarcane with minimal waste Molasses Farmers (External Sales) (around 87,000) Cane Industrial Development & Molasses Distillery Alcohol Marketing Sugarcane (30,000 LPD at Dwarikesh Nagar) Clarification Dwarikesh Sugar Crushing Sugar
Slide 5: Milestones
Milestones DN crushing capacity Set up DN Distillery with 30,000 LPD Commencement De-bottlenecking of reached 6,500 TCD; capacity; of surplus power DN Distillery by Incorporated Commissioned Dwarikesh Puram (DP) plant supply to state commissioning Bio- DN plant commenced the Company wi
Slide 6: Q3/9M FY17 Financial Performance
Q3/9M FY17 Financial Performance
Slide 7: Performance Snapshot
Performance Snapshot INR Crores Q3FY17 9MFY17 Q3FY16 9MFY16 Revenue 220.54 749.56 210.15 563.83 EBIDTA 56.54 166.13 20.38 48.37 Profit 42.34 111.64 2.84 (13.86)
Slide 8: Quarterly Financial Trends
Quarterly Financial Trends Improving Financial Performance Increasing Revenues and significant improvement in realizations Led to sharp improvement in EBITDA and margins 33.8 35.5 35.2 30% 26% 30.4 38%* 19% 23% 24.8 26.3 10% 23.3 600* 204 685 541 555 565 -321 1,972 1,579 2,130 2,305 2,863 2,427 2,20
Slide 9: Summary Financials (Q3 and 9M)
Summary Financials (Q3 and 9M) Improving Financial Performance Impressive growth in EBITDA Margin in 9MFY17 Coupled with strong bottom-line growth 1,116 22% 15% 11,361 15% 7,943 7,496 390 5,638 5% -168 -139 8% 9% -1% -2% FY15 (18M) FY16(9M) FY16 (12M) FY17(9M) FY15 (18M) FY16 (9M) FY16 (12M) FY17(9M
Slide 10: Summary Financials (Q3 and 9M-FY17): Key P&L Items
Summary Financials (Q3 and 9M-FY17): Key P&L Items PARTICULARS Nine Nine Quarter Quarter months months ( All Figures in INR Lacs) ended ended ended ended Dec,2016 Dec,2015 Dec,2016 Dec,2015 FY 2015-16 INCOME Revenue from 0perations 22,055 21,296 74,956 56,812 79,434 Other income 184 6 1,429 805 862
Slide 11: Summary Financials (9M FY17): Key Balance Sheet Items
Summary Financials (9M FY17): Key Balance Sheet Items (INR million) 31-03-2015 31-03-2016 31-12-2016 LIABILITIES Shareholders’ Funds 900 1,170 2,880 Long-term Borrowings 2,476 2,371 1,200 Short-term Borrowings 249 3,542 1,704 Trade Payables 1,720 1,426 834 Other Current Liabilities 1,123 1,302 1,229
Slide 12: Operational Trends
Operational Trends
Slide 13: Sugar
Sugar Increasing sugar prices and improving recovery rates driving the turnaround Significant upswing in average realization in 9M FY17 Increased realization and higher recovery drove higher margins 9,995 17% 20.00% 34.71 8,461 7,148 15.00% 29.40 7,085 24.82 26.00 10.00% 3% 5.00% -2% 0.00% -6% -5.00
Slide 14: Cogeneration
Cogeneration Vertical integration adding significantly to the aggregate margins Average realizations have increased… Generating attractive EBITDA margins 4.9 83% 84% 5 78% 4.5 74% 4.3 259 168 433 283 221 138 99 63 1,138 2,005 1,059 487 FY13 (12M) FY15 (18M) FY16(12M) FY17(9M) FY13 (12M) FY15 (18M) F
Slide 15: Distillery
Distillery Vertical integration adding significantly to the aggregate margins Increasing volumes and average realizations… Driving impressive growth in EBITDA margins 44.9 40.0 47% 34.5 39% 39% 29.8 34% 3.3 3.7 5.4 4.3 99 129 216 194 FY13(12M) FY15 (18M) FY16 (12M) FY17(9M) FY13 (12M) FY15 (18M) FY1
Slide 16: Shareholding pattern
<e LJ Shareholding pattern
Slide 17: Shareholding Pattern-Q3FY17
Shareholding Pattern-Q3FY17 38.72% 41.87% Promoters Mutual Funds and Insurance Companies FPI Corporates Others 11.49% 6.53% 1.39%
Slide 18: Management Team & Business Strategy
Management Team & Business Strategy
Slide 19: Committed and Experienced Management Team
Committed and Experienced Management Team Hands-on promoter involvement across two generations Founder Promoter with over two decades of experience Commerce graduate and ICWA Inter Received ‘Indira Gandhi Priyadarshini Award for Management’, ‘Bhamasha Award’, ‘Indira Gandhi Sadbhavna Award’ an
Slide 20: Strong Relationship with Farmers
Strong Relationship with Farmers Associated with around 87,000 farmer families Purchased sugarcane of INR 6,444* million and INR 12,011** million in FY16 (12M) and FY15 (18M) respectively from farmers in our reserved area providing impetus to rural economy Increased Farmer Dedicated web portal
Slide 21: Business Strategy
Business Strategy We are currently one of the most efficient integrated sugar companies in Uttar Pradesh. We plan to further improve on our performance matrices while continuing with our best practices Continue educating farmers on best farming practices, high yield / sugar content seeds, pesticid
Slide 22: Annexure- Facilities
co |_J Annexure- Facilities
Slide 23: Dwarikesh Nagar Facility (Bijnor District)
Dwarikesh Nagar Facility (Bijnor District) Sugar Plant Overview Distillation House & Multi-Effect Evaporator Bagasse Silos & Feeders of Boiler Continuous Pan
Slide 24: Dwarikesh Puram Facility (Bijnor District)
Dwarikesh Puram Facility (Bijnor District) Juice Evaporator Centrifugal Station Cogeneration Control Panel Switch Yard
Slide 25: Dwarikesh Puram Facility (Bijnor District)
Dwarikesh Puram Facility (Bijnor District) Facility Overview 24 MW TG Set Pan Station Pan Station Clarification Section
Slide 26: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dwarikesh Sugar Industries Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 27: Thank You
ee Thank You
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