Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation

SOM DISTILLERIES AND BREWERIES LIMITED Registered Office: I-A, Zee Plaza, Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi - 110029 Phone: +91-11-26169909, 26169712 Fax: +91-11-26195897 Corporate Office: SOM House, 23, Zone II, M.P. Nagar, Bhopal, Madhya Pradesh – 462011 Phone: +91-755-4278827, 4271271 Fax: +91-755-2557470 Email : compliance@somindia.com Website: www.somindia.com CIN : L74899DL1993PLC052787 (BSE : 507514, NSE : SDBL)

SDBL/BSE/NSE/2023 To

17.10.2023

The Manager, Listing Department, NATIONAL STOCK EXCHANGE OF INDIA LIMITED ‘Exchange Plaza’ C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051. cmlist@nse.co.in Security ID: SDBL

Dy. General Manager, Department of Corporate Services, BSE LIMITED,

First Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400001. corp.compliance@bseindia.com Security ID: 507514

SUB.: INVESTORS PRESENTATION – UNAUDITED FINANCIAL RESULTS (STANDALONE AND CONSOLIDATED) FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2023

Dear Sir/Madam,

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Investors Presentation on Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2023.

The same has also been uploaded on the Company’s website www.somindia.com.

This is for your information and records please.

For Som Distilleries and Breweries Limited

Om Prakash Singh Company Secretary and Compliance Officer

SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)

Earnings Presentation H1 FY2024

Q2 FY2024 Earnings Conference Call

Conference Call Details: Tuesday, 18th October 2023 at 3:00 PM IST

Diamond Pass

Primary Number

Link

+91 22 6280 1527 / +91 22 7115 8322

The number listed above is universally accessible from all networks and all countries.

Toll Free Number

USA: 1 866 746 2133 UK: 08 081 011573 Singapore: 800 101 2045 Hong Kong: 800 96 4448

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 SOM Distilleries & Breweries’ future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. SOM Distilleries & Breweries undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances.

2

Company Profile

SOM Distilleries: The only listed Beer and IMFL company in India

Business Overview

SOM Distilleries & Breweries Limited (SDBL) is based in Bhopal and is one of the beverages leading manufacturers in India

alcoholic

The Company has three key millionaire brands (sales more than 1 mn cases per annum) – Hunter, Black Fort and Power Cool

SDBL is primarily engaged in production of beer and blending and bottling of IMFL

Company’s overall capacity has grown to 30.2 mn cases after expansion, up from 23.9 mn cases before expansion

Offers a broad line of products at every price point to cater to varied preferences of the consumers. The product portfolio consists of various options across beer, rum, brandy, vodka and whisky

The company’s major markets are the states of MP, Karnataka, Odisha, Delhi, UP and Jharkhand

4

SOM Distilleries: The only listed Beer and IMFL company in India

Hunter Refreshing Strong Premium Beer

Black Fort Super Strong Beer

Power Cool Beer

Woodpecker Beer

Milestone Blue Whisky

Pentagon Gold Edition Whisky

Legend Premium Whisky

Pentagon XO Premium Rum

Black Fort XXX Matured Rum

Legend Rare Brandy

White Fox Triple Distilled Vodka

RTD Vodka based Drinks

5

Investment Case

Only listed company in India having both Beer and IMFL, which complement each other and reduces the risk of seasonality while providing marketing efficiencies

Received permission for supply of Beer and IMFL to Rajasthan. The company has also entered in Jharkhand

The company has also tied up with Radico Khaitan Ltd for their IMFL & RTD Brands production at Karnataka plant

MOU signed with Indian Fashion FZE, UAE for export of Beer and IMFL for West and Central Africa

Expanded market presence in Delhi and Uttar Pradesh, it is also set to cater to markets of Kerala and Pondicherry, short – more market gain

Woodpecker Wheat Beer, India’s first filtered wheat beer has created a niche for itself and is expected to gain further momentum

Strategic tie up with Carlsberg for the Odisha Plant, leading to better capacity utilization.

Revenue compound annual growth rate (CAGR) of 20% over (FY19-FY23)

6

Plant Location

Karnataka Plant

Capacity (in Mn cases)

Beer

9.0

IMFL

2.7

MP Plant

Capacity (in Mn cases)

Beer

15.2

IMFL

0.6

Odisha Plant

Capacity (in Mn cases)

Beer

6.0

IMFL

0.6

7

Q2 FY2024 Performance

Q2 FY2024 Financial Highlights

Key Highlights: Q2 FY2024 vs Q2 FY2023

Beer Volume

40.3 Lakh Cases +40.5 %

IMFL Volume

2.5 Lakhs Cases +43.7 %

Net Debt / EBITDA

1.9x

Total Income

Rs. 2,480 mn +67.7 %

EBITDA

Rs. 275 mn +47.8 %

PAT

Rs. 149 mn +80.0 %

9

Management Commentary

In Q2 FY2024, SOM demonstrated promising performance, reflecting our commitment to strategic expansion and financial excellence. Our beer volume recorded a 40.5% y-o-y growth, while a 40.7% growth in IMFL. This has led to y-o-y growth of 67.7% in Total Income and a strong 80.0% growth in PAT.

We achieved significant milestones, securing permissions to supply our beer and IMFL brands in Rajasthan, a pivotal market for us. These achievements highlight our resilience in overcoming industry seasonality, often affected by monsoons and festivals.

our

successful

in Moreover, Chhattisgarh further underscores our strategic market expansion efforts. These accomplishments reaffirm our dedication to delivering exceptional results and driving sustainable growth in the industry.

initiation of beer dispatches

Mr. JK Arora, Chairman (SOM Group of Companies)

10

Key developments for Q2 FY24

Received permissions for supply of beer brands to Rajasthan, one of the top five states in consumption nationwide

Approval granted for supply of Indian Made Foreign Liquor (IMFL) brands in Rajasthan, diversifying our product portfolio and enhancing market impact

Long-term bank loan ratings upgraded from BBB to BBB+ by ICRA, reflecting continued financial strength and strategic growth commitment

Placed orders for expansion of beer facility at Hassan plant, with suppliers from Germany and India, adding 60 lakh cases per annum

Obtained permissions for beer supply to Chhattisgarh and initiated initial dispatches, aiming for a significant market presence in the medium term

11

Performance Highlights

(Rs. Million)

FY2024

FY2023

Growth (%)

FY2024

FY2023

Growth (%)

Q2

Y-o-Y

H1

Y-o-Y

Total Income

Gross Profit

Margin (%)

EBITDA

Margin (%)

Interest

Depreciation

Net Profit

Margin (%)

2,480

881

35.5%

275

11.1%

26

56

149

6.0%

1,479

608

41.1%

186

12.6%

40

43

82

5.6%

67.7%

44.9%

47.8%

(36.6)%

30.9%

80.0%

6,346

2,277

35.9%

776

12.2%

57

99

485

7.6%

4,039

1,724

42.7%

545

13.5%

76

85

339

8.4%

57.1%

32.1%

42.4%

(24.2)%

15.8%

43.1%

12

H1 FY2024 Financial Highlights

H1 FY2024 Financial Highlights

Key Highlights: H1 FY2024 vs H1 FY2023

Beer Volume

106.2 Lakh Cases +39.7 %

IMFL Volume

4.7 Lakhs Cases +30.0 %

Total Volume

110.8 Lakhs Cases +39.2 %

Total Income

Rs. 6,346 mn +57.1 %

EBITDA

Rs. 776 mn +42.4 %

PAT

Rs. 485 mn +43.1 %

14

Performance Discussion

Operational efficiencies leading to better cost management

Volume and Sales

• Recorded beer volume of 40.3 lakh cases (40.5% y-o-y)

• Recorded IMFL volume of 2.5 lakh cases (43.7% y-o-y)

• Beer revenue of Rs. 2,205 million; over 64.4% of Q2 FY23

• Our mainline brands; Hunter, Black Fort and Power Cool, registered volume growth of 24.1%, 36.7%

and 39.2%, respectively as compared to Q2 FY23

Realization

• Beer realization for Q2 FY24 was Rs 547 per case compared to Rs. 467 in Q2 FY23; mainly influenced

by the increased mix of SKUs and price hike

•

IMFL realization for Q2 FY24 was Rs. 889 per case as compared to Rs. 712 in Q2 FY23

Cost

• The costs remained stable in the quarter due to a favorable mix of new and old bottles, although the

price increase that occurred in the glass bottles has not yet normalized

15

Leverage Profile

(Rs. Million)

Secured Borrowings

Unsecured Borrowings

Gross Debt- Consolidated

Less: Cash & Cash Equivalents

Sept 30 2023

Mar 31 2023

750

1,330

950

1,092

1,700

2,422

160

126

Net Debt

1,540

2,296

Gross Debt / Equity (x)

0.3x

0.6x

Net Debt / EBITDA (x)

1.01x

2.2x

• Gross Debt reduced by Rs. 250 million, Overall consolidated debt decreased, showcasing an improved total debt position

• Net Debt has reduced from Rs. 2296 million in March 2023 to Rs. 1540 million in September 2023.

•

enhanced

Improved Net Debt / EBITDA ratio signifies servicing the capabilities, company's ability to pay off debts from operating profits

demonstrating

debt

16

Operational Highlights

Volume Summary

Q2

Lakh cases

FY2024 FY2023

Hunter

11.2

Black Fort

4.7

9.0

3.4

Y-o-Y Growth (%)

H1

FY2024 FY2023

Y-o-Y Growth (%)

24.1

32.6

29.0

12.3

36.7

18.7

10.6

76.2

Power Cool

22.3

16.0

39.2

51.6

35.4

45.5

Total Beer

40.3

28.7

40.5

106.2

76.0

39.7

Total IMFL

2.5

1.7

43.7

4.7

3.6

30.0

Total Volume

42.8

30.4

40.7

110.8

79.6

39.2

• Power

Cool

beer

demonstrated

strong expansion in Karnataka and Madhya Pradesh, reflecting its growing presence in the market , with volume increasing by around 39.2% compared to y-o-y basis

• Hunter has shown a sustained growth in

Madhya Pradesh, Odisha , Delhi and UP

• Beer accounted for 95.8% of total volumes and 92.7% of the revenue during H1 FY2024

• Price realization for Beer during H1 FY24 was Rs. 555 and IMFL was Rs. 828; blended realization at Rs. 573

18

Millionaire Beer Brands – Volume Consolidation

) s e s a c h k a l n i ( d l o S y t i t n a u Q

9.0

5.6

14.8

21.4

11.2

Q2 FY2023

Q3 FY2023

Q4 FY2023

Q1 FY2024

Q2 FY2024

14.0

3.4

3.6

5.7

4.7

Q2 FY2023

Q3 FY2023

Q4 FY2023

Q1 FY2024

Q2 FY2024

16.0

17.0

26.1

29.3

22.3

Q2 FY2023

Q3 FY2023

Q4 FY2023

Q1 FY2024

Q2 FY2024

19

Sustainability

Sustainability

Conservation of Energy

CSR and Donations

Corporate Governance

Reduce fossil fuel dependency by transitioning to renewables and regular checks on electrical equipment to minimize energy waste

Waste Reduction Initiatives

In FY23, recycled 277 MT and re-used 31,463 MT of waste. Committed to responsibly handling plastic waste, either recycling or reselling to approved recyclers, promoting environmental sustainability

Water Stewardship

Promotes responsible drinking, plans 100% water replenishment in stressed areas by 2024 and conserves water through initiatives, reducing wastewater

In FY23, donated Rs. 135.98 lacs, committing 2% of net profit for societal education and welfare activities, including Asha Mohan Foundation through CSR

Corporate governance philosophy is guided by principles like independence, accountability, transparency, ethics, and integrity in relations with stakeholders

Well-being of employees

Conducted diverse awareness programs (health, safety, mental/physical well-being). Organized employee engagement, career development, ensuring zero cases of workplace issues

Customer Satisfaction

Implemented proactive customer complaint handling process to promptly address product- related concerns

Experienced and Skilled Board of Directors

Balanced board with 2 Executives (including MD) and 4 Non-Executive Non-Independent Directors, offering valuable input on strategy and performance

SOM Distilleries & Breweries ESG Profile Link: https://bit.ly/364ur49

21

Awards & Accolades

Awards and Accolades

Brand Recognition

23

SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)

(CIN: L74899DL1993PLC052787)

Registered Office: Zee Plaza, 1 - A Kamal Cinema Road Arjun Nagar Safdarjung Enclave New Delhi 110029

Corporate Office: SOM HOUSE 23, Zone II Maharana Pratap Nagar, Bhopal 462011 Ph.: +91 755 427 8827

Nakul Sethi SOM Distilleries and Breweries

nksethi@somindia.in +91 755 4271271

Anvita Raghuram / Kavin Sadvilkar Churchgate Partners

som@churchgatepartners.com +91 22 6169 5988