Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q4 FY2015 Earnings Presentation
18 slides from Balrampur Chini Mills's earnings presentation, May 27, 2015
Slide 1: Balrampur Chini Mills Limited Q4 & FY2015 Results Presentation
BALRAMPUR CHINI MILLS LIMITED Q4 & FY2015 RESULTS PRESENTATION MAY 27, 2015
Slide 2: Forward-looking statements disclaimer
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, and many other fac
Slide 3: Agenda
Title Slide No Conference Call Details 4 Performance Highlights 6 Management’s Message 7 Company Highlights 8 Sector Perspectives 10 Financial Overview 11 Segmental Overview 12 3
Slide 4: Conference Call Details
Timing 12.30 pm IST on Thursday, May 28, 2015 Primary number: + 91 22 6746 8354 Conference dial- in Secondary number: + 91 22 3938 1071 Singapore: 800 101 2045 Hong Kong: 800 964 448 Toll Free Number USA: 1 866 746 2133 UK: 0 808 101 1573 4
Slide 5: Large Capacities, Focus on Value Maximization
Sugarcane crushing capacity at 79,000 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 147.2 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India that Maximization provides much needed hedge against the sugar cycle Managemen
Slide 6: Q4 FY15 and FY15 highlights
Q4 FY15 highlights v/s Q4 FY14 Net Revenue stood at ` 6,583.2 million as compared to ` 6,999.8 million in Q4 FY14 EBITDA stood at ` 1,024.5 million as compared to ` 2,383.3 million in Q4 FY14 Net Profit stood at ` 758.2 million as compared to ` 1,899.0 million in Q4 FY14 Diluted EPS at ` 3.0
Slide 7: Management's Message
Commenting on the performance for Q4 & FY2015, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “The sugar industry is witnessing one of its worst crises owing to the huge increase in sugar production this season which led to low sugar prices. In addition, unreasonab
Slide 8: Performance Highlights: crushing, recovery, debt and interest
BCML crushed 5.41 crore quintals of cane in Q4 FY15 as against 5.69 crore quintal in Q4 FY14 Recovery for the quarter was higher at 9.93% as compared to 9.91% during the same period Cane crushed for FY15 stood at 8.06 crore quintals as against 7.73 crore quintal in FY14 Recovery for the year
Slide 9: Company Highlights
Company Highlights Govt. of U.P. had announced financial assistance of ` 28.60 per quintal of cane for the sugar season 2014-15 linked to average selling price of sugar and its by-products during the specified period from 1st October, 2014 to 31st May, 2015 which is to be recommended by the Commit
Slide 10: Sector Perspectives
According to ISMA, the India sugar production is estimated at 28.2 million tonnes for the current sugar season, the annual domestic consumption stands at 24.5 million tonnes Sugar production till May 15th 2015 was higher by 16% at 27.84 million tonnes Uttar Pradesh likely to produce 7.2 millio
Slide 11: Statement of Profit & Loss
Statement of Profit & Loss % Y-o-Y % Y-o-Y (` million) Q4 FY15 Q4 FY14 Growth FY15 FY14 Growth Net Operating 6,583.2 6,999.8 (5.95%) 29,869.8 26,649.4 12.08% Revenue EBITDA 1,024.5 2,383.3 (57.01%) 1,224.5 2,140.2 (42.79%) EBITDA Margin (%) 15.56% 34.05% - 4.10% 8.03% - Depreciation 280.3 270.0 3.81
Slide 12: Sugar Segment Results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY15 6,012.0 73.27% (133.4) - Q4 FY14 6,333.9 73.26% 1,106.0 - % Shift (5.08%) - - - FY15 26,145.8 79.57% (2,785.4) - FY14 23,599.4 80.08% (1,084.9) - % Shift 10.79% - - - Sugar segment revenues were lower on ac
Slide 13: Sugar production, recovery and realization
Cane Crushed (Lakh Quintals) Recovery (%) 1000 10.00 9.91 9.93 810.52 805.69 9.83 772.80 9.77 800 9.80 568.74 540.80 9.52 600 9.60 400 9.40 200 9.20 0 9.00 FY 13 FY 14 FY 15 Q4 FY14 Q4 FY15 FY 13 FY 14 FY 15 Q4 FY14 Q4 FY15 Production (Lakh Quintals) Avg. Realization – Free Sugar (` per kg) 90 34.00
Slide 14: Distillery Segment Results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY15 652.2 7.95% 322.8 - Q4 FY14 713.5 8.25% 375.3 - % Shift (8.59) - (13.99%) - FY15 2.852.9 8.68% 1,436.3 - FY14 2,518.1 8.54% 1,162.2 - % Shift 13.30% - 23.58% - Distillery division delivered steady performan
Slide 15: Ethanol production, sales and realizations
Production (KL) Total Sales (KL) 100,000 80,000 74,080 74,202 70,000 66,217 77,950 80,000 67,666 69,903 60,000 60,000 50,000 40,000 40,000 31,543 30,000 18,537 16,172 17,782 20,000 20,000 10,000 - - FY 13 FY 14 FY 15 Q4 FY14 Q4 FY15 FY 13 FY 14 FY 15 Q4 FY14 Q4 FY15 Ethanol production (KL) Blended R
Slide 16: Co-generation Segment Results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q4 FY15 1,511.7 18.42% 702.8 - Q4 FY14 1,573.4 18.20% 765.8 - % Shift (3.92%) - (8.23%) - FY15 3,793.5 11.55% 1,839.9 - FY14 3,294.5 11.18% 1,519.6 - % Shift 15.15% - 21.08% - The segment delivered stable performan
Slide 17: Power generation and sales
Total Power Generation (Lakh units) 10,000 8,295 8,000 7,489 7,505 6,000 3,479 3,634 4,000 2,000 - FY 13 FY 14 FY 15 Q4 FY14 Q4 FY15 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales 7,000 (` per unit) 6,168 6,000 5,474 4.30 5,386 4.23 5,000 4.20 4.17 4.12 4,000 4.10 4.05 3,
Slide 18: About Balrampur Chini Mills Limited
About Balrampur Chini Mills Limited Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of organic manure. The Company presently has eleven sugar f
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