Balrampur Chini Mills Ltd · NSE:BALRAMCHIN
Balrampur Chini Mills — Q1 FY2013 Earnings Presentation
16 slides from Balrampur Chini Mills's earnings presentation, Aug 7, 2012
Slide 1: Balrampur Chini Mills Limited Q1 FY2013 Results Presentation
BALRAMPUR CHINI MILLS LIMITED Q1 FY2013 RESULTS PRESENTATION AUGUST 07, 2012
Slide 2: Title Slide No
Title Slide No Performance Highlights 4 Management’s Message 5 Company Highlights 6 Sector Perspectives 7 Financial Overview 9 Segmental Overview 10 2
Slide 3: Company Highlights
Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation Large Capacities operations of 320 KLPD and 126 MW (Saleable) respectively Focus on Value One of the pioneers of Integrated Business Model in India Maximization Stabilizes revenue streams along with providing a hedge against the
Slide 4: Q1 FY2013 highlights
Q1 FY2013 highlights Net Revenue grew by 22% to ` 6,919.6 million EBITDA stood at ` 571.9 million Net Profit stood at ` (180.5) million EPS at ` (0.74) per share 4
Slide 5: Management's Message
Commenting on the performance for Q1 FY2013, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited (BCML), said: “The prospects for the sector have been more balanced since the start of the fiscal and we are hopeful of sustaining the performance momentum in the coming quarters. In the
Slide 6: Performance Highlights
Total cane crushed for the sugar season 2011 – 12 stood at 8.60 crore quintals as compared to 6.95 crore quintal during the sugar season 2010 - 11 This was achieved on account of higher cane availability Total sugar produced, at 8.22 lakh tonnes, increased by26% in the current season as compar
Slide 7: India's estimated sugar production revised lower
India’s estimated sugar production for the next season has been revised lower to 24.5-25 million tonnes from 26 million tonnes Inadequate rainfall in some of the key sugar producing states of Maharashtra and Karnataka to adversely impact prodcution – in the coming season combined production of t
Slide 8: Firm realizations will assist the sugar industry improve earnings
Firm realizations will assist the sugar industry improve earnings International sugar prices have witnessed a positive trend – primarily attributed to delay in Brazil’s sugarcane harvest owing to excessive rains In the recent past, sugar prices in the international markets have stabilized betw
Slide 9: Profit & Loss Statement
Profit & Loss Statement % Y-o-Y (` million) Q1 FY2013 Q1 FY2012 Growth Net Operating Revenue 6,919.6 5,669.7 22.1% EBITDA 571.9 399.0 43.3% EBITDA Margin (%) 8.3% 7.0% Depreciation 273.9 275.7 (0.7%) Interest 535.2 415.1 28.9% Profit Before Tax (180.5) (198.6) 9.1% Profit After Tax (180.5) (198.6) 9
Slide 10: Sugar segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2013 5,819.2 81.1% (227.7) - Q1 FY2012 4,701.9 79.4% (172.7) - % Shift 23.8% - Production for the quarter (crushing continued in April also) was higher at 1.6 lakh quintals taking the total sugar produced duri
Slide 11: Sugar production and realization charts
Cane Crushed (Lakh Quintals) Recovery (%) 1400 1231.51 11.00 10.63 1200 10.45 10.50 1000 846.29 800 10.00 9.54 600 9.50 9.38 400 9.00 200 1.67 15.58 0 8.50 FY 2011 FY 2012 Q1 FY2012 Q1 FY2013 FY 2011 FY 2012 Q1 FY2012 Q1 FY2013 Production (Lakh Quintals) Avg. Realization – Free Sugar (` per kg) 140
Slide 12: Distillery segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2013 533.7 7.4% 229.1 - Q1 FY2012 497.8 8.4% 159.7 - % Shift 7.2% 43.5% Stable volumes at higher blended realizations resulted in enhanced performance reported by the segment during the quarter Q1 FY13 volum
Slide 13: Distillery production and realization charts
Production (KL) 80000 70859.5 70000 60000 55785.0 50000 40000 30000 21909.8 19749.7 20000 10000 0 FY 2011 FY 2012 Q1 FY2012 Q1 FY2013 Total Sales (KL) Blended Realizations (` per BL) 27.00 26.70 70000 63179.3 26.43 60000 54717.2 26.00 50000 25.10 25.00 40000 30000 24.00 23.75 20783.4 20016.6 20000 2
Slide 14: Co-generation segment results
Segment % contribution % contribution (` million) Revenues to Revenues PBIT to PBIT Q1 FY2013 798.9 11.1% 445.7 - Q1 FY2012 717.7 12.1% 252.1 - % Shift 11.3% 76.8% During the quarter, the Company operated the plant to generate power only from bagasse Improved volumes and higher realizations repo
Slide 15: Total Power Generation charts
Total Power Generation (Lakh units) 12000 10159.6 10000 8000 7393.0 6000 4000 1718.0 2048.3 2000 0 FY 2011 FY 2012 Q1 FY2012 Q1 FY2013 Power sales from Bagasse (Lakh units) Realization from Bagasse Based Sales(` per 7000.0 unit) 6312.0 6000.0 4.25 4.21 4675.9 4.20 5000.0 4.13 4.15 4000.0 4.10 3000.0
Slide 16: 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 bio-compost. The Company presently has ten sugar factori
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