Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Investor Presentation (November 2016)
30 slides from Balrampur Chini Mills's investor presentation, November 2016
Slide 1: Balrampur Chini Mills Limited Corporate Presentation
Balrampur Chini Mills Limited Corporate Presentation Nov - 2016
Slide 2: Safe Harbour
Safe Harbour 2 Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, agricultural policies, climatic conditions, technological risks, an
Slide 3: Table of Content
Table of Content 3 Universal Scenario Indian Scenario Recent Developments BCML –Model & Financials
Slide 4: Universal Scenario
~ Universal Scenario
Slide 5: The Global Story – Emerging Trends
The Global Story – Emerging Trends 5 Global sugar demand is expected to increase to 198 mn tones by 2021 and 260 mn tones by 2030 compared to 174 mn tones in 2016 Asia will remain the biggest consumer of sugar, increasing its share of total consumption from around 45% to 50% by 2021 By 2030, I
Slide 6: Global Sugar Status
Global Sugar Status 6 2015-16E 2016-17P Supply Mismatch Over last 20 years sugar production has risen by 42% Sugar Opening Stocks 42 40 to 170 mn tones Global consumption expected to rise to 260 mn tones by 2030 Sugar Production 170 169 Production gap of additional 90 mn tones requires to be
Slide 7: Global Sugar Scenario - Updates
Global Sugar Scenario - Updates 7 China Sugar output expected to EU decline to 8.2 mn tones on account of lower area Production is expected ~ 15 mn Demand expected to increase to tones ~17.8 mn tones Consumption Imports are forecast at a record expected to of 7.9 mn tones increase by ~2% C
Slide 8: Indian Scenario
Indian Scenario
Slide 9: Indian Sugar Industry – Size & Overview
Indian Sugar Industry – Size & Overview 9 Area under Sugarcane: 5.1 million hectares Sugarcane Production: 345 million tones Number of Sugar Mills: In excess of 633 Average Capacity of Sugar Mills: 3,800 TCD Production of Sugar: 25.1 million tones [sugar season 2015-16] Average per capita consumptio
Slide 10: Domestic Sugar Balance
Domestic Sugar Balance 10 2011 2012 2014 2015 2016 E 2017 P Opening Stock 7.1 7.6 8.2 6.5 8.8 7.7 Production 26.3 25.1 24.3 28.3 25.1 23.4 Increase in Production 7.79% -4.56% -3.19% 16.46 -11.31% -6.77% Internal Consumption 22.4 23.0 24.0 24.8 24.6 25.5 Growth Y-O-Y 7.69% 2.68% 4.35% 3.33% -0.81% 2.
Slide 11: Sector Perspectives
Sector Perspectives 11 As per ISMA, India’s sugar • Sugar mills in U.P. produced 6.8 million tones of sugar in SS 2015-16 as production for the 2015-16 compared to 7.0 million tones season was 25.13 million tones, • Maharashtra mills have produced 8.4 million tones in SS 2015-16 as compared down ~11
Slide 12: Recent Developments
Recent Developments
Slide 13: Recent updates On Distillery
Recent updates On Distillery 13 Price mechanism for Ethanol supply has been changed from tender based to fixed price OMCs have floated tenders for 280 cr liters OF Ethanol for supply between December 2016 to November 2017 Price of Ethanol has recently been fixed at `39/BL which will be effecti
Slide 14: BCML
14 BCML
Slide 15: A Leading Integrated Sugar Player In India
A Leading Integrated Sugar Player In India 15 Latest technology implemented to achieve highest Operational efficiencies operational results and leverage inter- plant synergies to Long-term Debt- maximize by-product equity ratio stood at utilization Healthy Balance sheet 0.36 as on Sept 30, 2016 Stro
Slide 16: A Leading Integrated Sugar Player in India
A Leading Integrated Sugar Player in India 16 Large Capacities Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation operations of 320 KLPD and 153.20 MW (Saleable) respectively Sugar COGEN POWER (MW) COGEN POWER (MW) UNITS Distillery (KPLD) Capacity (TCD) INSTALLED CAPACITY SA
Slide 17: Business Model
Business Model 17 Supported by very strong farmer relationships
Slide 18: Plant Locations
Plant Locations 18 Gularia Tulsipur Kumbhi Balrampur Mankapur UTTAR PRADESH Babhnan Rauzagaon Haidergarh Akbarpur Maizapur Factory Locations
Slide 19: Update on Allied Segments
Update on Allied Segments 19 Distillery The Company has initiated the process for setting up/adoption Expected Incineration Project Benefits of Ethanol Blending of incineration technology at its Completion Schedule: Programme: distilleries to achieve zero Balrampur – Commissioned Improves abilit
Slide 20: Board of Directors
Board of Directors 20 KAMAL NAYAN SARAOGI – Chairman Emeritus NARESH CHANDRA [Retd. IAS], Chairman (Independent Director) VIVEK SARAOGI, Managing Director R. N. DAS (Retd. IAS) , Independent Director DINESH K. MITTAL (Retd. IAS), Independent Director KRISHNAVA DUTT, Independent Director NOVEL L. LAV
Slide 21: Shareholding Pattern – As on 30 September, 2016
Shareholding Pattern – As on 30 September, 2016 21 Public & Others, 23.55 Non-resident Indian, 0.61 Body Corporate, 11.95 Promoters, 40.83 FII / FPI, 13.53 Fund Houses / Insurance Cos. / Banks 9.53
Slide 22: BCML Financial Performance
22 BCML Financial Performance
Slide 23: 5 Year Operational Summary
5 Year Operational Summary 23 (Rs. Crore) FY12 FY13 FY14 FY15 FY16 Total income 2390.31 3384.03 2758.71 3093.21 2874.07 Gross Profit 534.01 755.89 574.05 477.03 780.35 PBDIT 265.97 462.69 239.96 141.54 463.86 Interest 147.41 143.87 117.84 102.09 75.60 PBDT 118.56 318.82 122.12 39.45 388.26 Depreciat
Slide 24: Statement of latest quarterly Profit & Loss
Statement of latest quarterly Profit & Loss 24 % Y-o-Y % Y-o-Y (` in lacs) Q2 FY17 Q2 FY16 H1 FY17 H1 FY16 Growth Growth Net Operating Revenue 93,722 52,561 78.31% 1,76,405 1,18,980 48.26% EBITDA 17,271 135 - 35,846 (1,713) - EBITDA Margin (%) 18.43% 0.26% 20.32% -1.44% Depreciation 2,736 2,837 -3.5
Slide 25: Segmental Overview – Sugar
Segmental Overview – Sugar 25 Cane Crushed (Lakh Quintals) Sugar Recovery (%) 810.5 805.7 11.06 772.8 9.77 9.83 9.52 742.6 FY 2013 FY 2014 FY 2015 FY 2016 FY 2013 FY 2014 FY 2015 FY 2016 Sugar Production (Lakh Quintals) Avg. Realization - Sugar (` per kg) 82.2 33.01 30.44 29.40 79.2 27.07 77.2 75.5
Slide 26: Segmental Overview – Distillery
Segmental Overview – Distillery 26 Total Production (KL) Ethanol production (KL) 77,950 61,648 69,903 70,555 67,666 32,541 18,543 19,066 FY 2013 FY 2014 FY 2015 FY 2016 FY 2013 FY 2014 FY 2015 FY 2016 Total Sales (KL) Blended Realization - (` per BL) 74,080 74,202 37.40 40.41 32.62 66,217 28.00 64,7
Slide 27: Segmental Overview – Co-generation
Segmental Overview – Co-generation 27 Production (Lakh units) 8,295 7,489 7,505 7,469 FY 2013 FY 2014 FY 2015 FY 2016 Power sales (Lakh units) Avg. Realization - (` per unit) 6,168 4.77 5,386 5,474 4.17 4.23 5,307 4.05 FY 2013 FY 2014 FY 2015 FY 2016 FY 2013 FY 2014 FY 2015 FY 2016
Slide 28: Going Forward
Going Forward 28 Long Term Another Rs. Debt of Rs. Repaid 39.4 crore Long term debt as No major 676.7 crore Rs. 409.9 to be on 31st March capex in as on 31st crore till repaid till 2017 estimated pipeline March date 31st March at Rs. 227.4 crore 2016 2017 • ICRA Limited has upgraded the long-term lo
Slide 29: Contact Us
Contact Us 29 About Balrampur Chini Mills Limited - CIN: L15421WB1975PLC030118 Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations and cogeneration of power. The Company presently has ten
Slide 30: Thank You
Thank You
Balrampur Chini Mills — Investor Presentation (November 2016) on 6ix