Shree Renuka Sugars Limited · NSE:RENUKA
Shree Renuka Sugars — Q1 FY2013 Earnings Presentation
24 slides from Shree Renuka Sugars's earnings presentation, Oct 4, 2012
Slide 1: Reviewed Results for Quarter ended 30th June 2012
power Shree Renuka Sugars Ltd Reviewed Results for Quarter ended 30th June 2012 Earnings Presentation (updated with Brazilian Subsidiaries) Earnings Conference Call Tuesday October 04, 2012 at 17:00 hrs IST Primary Number +91-22-6629 0019 ethanol Secondary Number +91-22-3065 0060 Sugar` The numbers
Slide 2: Important Notice
Important Notice Forward Looking Statements This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Shree Renuka’s future business developme
Slide 3: Highlights
Highlights Net Sales for standalone for the quarter at Rs. 14,839 million; higher by 23.4% over previous year EBITDA for RdB and RVdI at Rs. 700 million and Rs. 583 million respectively EBITDA margins for RdB and RVdI at 20.6% and 34.6% respectively Domestic Sugar price realisation for India
Slide 4: Comments from Mr. Narendra Murkumbi
Comments from Mr. Narendra Murkumbi Vice-Chairman and Managing Director Commenting on the results and performance, Mr. Narendra Murkumbi, Vice Chairman and Managing Director of Shree Renuka Sugars said: “Operations in our Brazilian subsidiaries during the quarter ended 30th June, 2012 got affected d
Slide 5: Market Overview
Market Overview Global Sugar Price Trends (Rs / ton) Key Perspectives 45,000 World Raw Sugar prices have corrected lower on 40,000 account of improved crushing in Brazil and 35,000 expected Global surplus 30,000 for 2012/13 i n Rs. per ton 25,000 Strong Indian domestic 20,000 sugar prices due to
Slide 6: Brazil Market Overview
Brazil Market Overview Brazil Product Price Trends Historical Prices 50 c/lb NY 11 - World Raw Sugar Price Domestic Raw Sugar Price 45 c/lb Anhydrous Ethanol Price - NY 11 Equivalent 40 c/lb Hydrous Ethanol Price - NY 11 Equivalent 35 c/lb 30 c/lb 25 c/lb 20 c/lb 15 c/lb 10 c/lb Mar 10 Jun 10 Sep 10
Slide 7: Brazilian Subsidiaries
BRAZILIAN SUBSIDIARIES 7
Slide 8: Brazilian Subsidiaries Financial Performance
Brazilian Subsidiaries Financial Performance April ’12 – June ‘12 (Rs. in Million) Renuka do Brasil- Renuka Vale do Ivai- Net Sales1 3,402 1,687 Cost of Good Sold (1,599) (878) G&A Expenses (878) (142) Sales Expenses (224) (84) Operating EBITDA 700 583 Interest (912) (247) Depreciation & Amortisatio
Slide 9: Sales and Price Summary
Sales and Price Summary April ’12 – June ‘12 Unit of Renuka do Brasil Sales Quantity Average Prices Measure Sugar tons 75,275 20.5 c/lbs Ethanol m3 33,139 1,252 R$/m3 Cogen Exports mn units 40 117 R$/unit By-products/Utilities* (‘000 R$) 7,517 Unit of Renuka Vale do Ivai Sales Quantity Average Price
Slide 10: Closing stock as of 30th June 2012 - Brazil
Closing stock as of 30th June 2012 - Brazil Renuka do Brasil Unit of As on Measure 30th June 2012 Sugar MT 24,591 Ethanol KL 7,703 Renuka Vale do Ivai Unit of As on Measure 30th June 2012 Sugar MT 8,407 Ethanol KL 420 10
Slide 11: Renuka DMCC
RENUKA DMCC 11
Slide 12: Renuka DMCC Financial Performance
Renuka DMCC Financial Performance 3M ended (Rs. in Million) 30th Jun ’12 Net Sales1 1,917 Net Profit 20 Notes: 1 Net Sales excludes excise duties, foreign exchange gains and includes other income 12
Slide 13: Renuka Standalone
RENUKA STANDALONE 13
Slide 14: Standalone Financial Performance
Standalone Financial Performance (Rs. in Million) 3M ended 3M ended % Y-o-Y Y-o-Y Key Perspectives 30th Jun ’12 30th Jun ’11 Growth • Higher domestic and export sugar sales volume Net Sales1 14,839 12,028 23.4% • Improved price realization in Sugar and Ethanol • Better recovery during the season res
Slide 15: Standalone Quarterly Financial Performance
Standalone Quarterly Financial Performance Net Sales1 Trends 16,000 14,839 14,000 12,347 12,028 11,115 11,363 Higher sales in Q1 FY2013 with the higher 12,000 9,804 utilization from Kandla refinery Rs. Million 10,000 6,975 8,000 Better price realization in sugar segment for the 6,000 Q1 FY2013 d
Slide 16: Standalone Quarterly Financial Performance: Net Profit
Standalone Quarterly Financial Performance Net Profit1 Trends 600 472 400 304 292 291 Higher depreciation and effect of exchange rate 133 variation affecting Net Profit in the current 200 55 quarter Rs. Million - Q ended Q ended Q ended Q ended Q ended Q ended Q ended (200) Dec 2010 Mar 2011 Jun 2
Slide 17: Standalone Performance - Quarter Ended 30.06.2012
Standalone Performance - Quarter Ended 30.06.2012 Net Sales1 Breakdown - India Quarter ended June 2011 Quarter ended June 2012 7% 3% 6% 7% 13% 16% 70% 78% Sugar Trading Cogeneration Ethanol Sugar Trading Cogeneration Ethanol Notes: 1. Net Sales excludes excise duties, foreign exghange gain/loss and
Slide 18: Closing stock as on 30th June 2012 - India
Closing stock as on 30th June 2012 - India Standalone Unit of As on Measure 30th June 2012 Sugar MT 322,828 White Sugar MT 292,787 Raw Sugar MT 30,041 Ethanol KL 33,294 Molasses MT 87,101 18
Slide 19: Sales Quantity - India
Sales Quantity - India Standalone 3M ended 3M ended % Y-o-Y Jun 2012 Jun 2011 Growth Total Sugar Sold(MT) 359,780 287,723 25.04% Export (in MT) 240,990 195,243 23.43% Domestic (in MT) 118,790 92,480 28.45% Ethanol (in KL) 31,137 33,741 (7.72)% Co-gen (in million units) 38 79 (51.90)% 19
Slide 20: Net Price Realization - India
Net Price Realization - India Standalone 3M ended 3M ended % Y-o-Y Jun 2012 Jun 2011 Growth Average Manufactured Sugar (in Rs./MT) 32,536 30,038 8.32% Export1 (in Rs./MT) 35,052 33,170 5.67% Domestic (in Rs./MT) 27,433 23,427 17.10% Ethanol (in Rs./KL) 28,720 26,518 8.30% Co-gen (in Rs. per unit) 4.
Slide 21: Sugar: Quarterly Operating Performance
Sugar: Quarterly Operating Performance Sugarcane Crushed Sugar Production1 5,000 4,454 600 545 4,109 3 4,000 3,601 500 447 417 400 2,974 2,989 3,081 364 400 7 3,000 2,780 171 43 166 325 MT'1000 93 MT'1000 3,360 1,229 2,009 300 253 2,000 289 542 3,601 167 3,039 200 410 126 2,803 1,000 1,903 281 271 1
Slide 22: Ethanol & CoGen: Quarterly Operating Performance
Ethanol & CoGen: Quarterly Operating Performance Ethanol Production Co-Gen Power Exports 210 170 300 267 180 250 228 150 129 127 190 120 200 170 Million Units KL'000 130 40 187 154 78 120 90 150 0 65 112 51 118 46 89 95 92 60 48 100 9 40 1 150 154 30 108 76 52 43 41 45 30 50 81 80 18 9 25 0 19 41 0
Slide 23: Fact Sheet
Fact Sheet COMPANY BACKGROUND Shree Renuka Sugars is a global agribusiness and fuel plant solutions. India, the world’s largest sugar consumer and second bio-energy corporation. The Company is one of the largest producer, is a key player in the global sugar Power: Shree Renuka produces power from ba
Slide 24: Corporate Office
power Shree Renuka Sugars Ltd Corporate Office 7th Floor, Devchand House Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai-400 018. www.renukasugars.com Vishesh Kathuria +91 22 4001 1400 Shree Renuka [email protected] Sugars Ltd. ethanol sugar 24
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