Dwarikesh Sugar Industries Limited

4 million

facilities 05 07 12 17 22 SECTOR OUTLOOK For SS 2022-23, there was an initial estimation of 4 million tons of global sugar surplus. However, it is now has become increasingly clear that eventually ther

4.8 million

ventually there may only be a minuscule surplus The experts have once again estimated a surplus of 4.8 million tons for SS 2023-24. El-Nino in the second half of 2023 could impact the production numbers in the

32.8 million

round 24 to 25 cents per pound. For SS 2022-23, India’s sugar production estimate is now pegged at 32.8 million tons with most mills having concluded their crushing operations. Sugar sacrifice of 4 million tons

36.8 million

hing operations. Sugar sacrifice of 4 million tons in favor ethanol indicates a gross production of 36.8 million tons down from 39.6 million tons last season. Maharashtra registered a significant decline in sugar

39.6 million

fice of 4 million tons in favor ethanol indicates a gross production of 36.8 million tons down from 39.6 million tons last season. Maharashtra registered a significant decline in sugar production during SS 2022-2

7 million

g SS 2022-23 and so did Karnataka. India’s Sugar Season 2022-23 commenced with an opening stock of 7 million tons. Considering production of 32.8 million tons, exports of 6.3 million tons and estimated consum

6.3 million

ed with an opening stock of 7 million tons. Considering production of 32.8 million tons, exports of 6.3 million tons and estimated consumption of 27.5 million tons, it is expected that the season end stock may b

27.5 million

nsidering production of 32.8 million tons, exports of 6.3 million tons and estimated consumption of 27.5 million tons, it is expected that the season end stock may be around 6 million tons (roughly equivalent to

6 million

estimated consumption of 27.5 million tons, it is expected that the season end stock may be around 6 million tons (roughly equivalent to 3 months consumption.) Sector outlook Investor presentation Continu

34.2 million

sentation Continued.. As per the initial estimates drawn by some trade houses it is expected that 34.2 million tons of sugar will be produced during SS 2023-24 in India, after factoring for diversion of 4.7 mil

4.7 million

million tons of sugar will be produced during SS 2023-24 in India, after factoring for diversion of 4.7 million tons in favor of ethanol. The 10% blending target was achieved in ESY 2021-22, and it is expected

10%

ng SS 2023-24 in India, after factoring for diversion of 4.7 million tons in favor of ethanol. The 10% blending target was achieved in ESY 2021-22, and it is expected that 12% blending will be achieved

“As per the initial estimates drawn by some trade houses it is expected that 34.2 million tons of sugar will be produced during SS 2023-24 in India, after factoring for diversion of 4.7 million tons in favor of ethanol.”

“The 10% blending target was achieved in ESY 2021-22, and it is expected that 12% blending will be achieved in ESY 2022-23 The Government continues to regulate the industry.”

Diamond Pass

1

Diamond Pass

Diamond Pass Registration (choruscall.in) Earnings Call Investor Presentation Table of contents Sector outlook Business overview Financial performance Operational trends Pictures of our facilities 05 07 12 17 22 SECTOR OUTLOOK For SS 2022-23, there was an initial estimation of 4 million tons of global sugar surplus. However, it is now has become increasingly clear that eventually there may only be a minuscule surplus The experts have once again estimated a surplus of 4.8 million tons for SS 2023-24. El-Nino in the second half of 2023 could impact the production numbers in the coming season. El-Nino could result in drier climate conditions in Asia and wetter climate conditions in Brazil, both of which are not suitable for sugarcane growth in their respective geographies. Overall, there are only downside risks for 2023-24 International raw sugar price touched an all-time high and remained above 26 cents mark for several months before moderating to around 24 to 25 cents per pound. For SS