Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation
SOM DISTILLERIES AND BREWERIES LIMITED (Formerly Known As Som Distilleries Breweries & Wineries 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/2024-25 To
29.01.2025
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 ENDED DECEMBER 31, 2024
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 ended December 31, 2024.
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 Q3 FY2025
Conference Call Update
Conference Call Details: Thursday, 30th January 2025 at 3:30 PM IST
Diamond Pass
Primary Number
Link
+91 22 6280 1106 / +91 22 7115 8007
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
Business Overview
SOM Distilleries & Breweries Limited is based in Bhopal and is one of the leading alcoholic beverages manufacturers in India
The Company has three key millionaire beer brands (sales more than 1 mn cases per annum) – Hunter, Black Fort and Power Cool
Primarily engaged in production of beer and blending and bottling of IMFL
After the completion of the recent expansion in April 2024, overall beer capacity has increased from 30.2 to 35.2 million cases
Offers a broad line of products at every price point. The product portfolio consists of beer, rum, brandy, vodka and whisky
Among the two listed beer companies in India and it is one of the fastest growing beer companies in the India
3
Product Portfolio
24
Woodpecker Beer Launch in Karnataka – Market Expansion & Innovation
Woodpecker introduces India’s first twist cap beer, offering consumers a convenient and innovative experience
Crafted with premium ingredients, including two-row barley, Sharbati wheat, and German hops, for a distinct flavor
The range includes Woodpecker Glide (mild) and Crest (strong), catering to diverse tastes
Launching in Karnataka strengthens our presence in a high- growth market, with anticipated revenue and market share gains
Premium positioning supports margin backed by our prepared supply chain for consistent quality
improvement,
The "Make Space for Woodpecker" campaign drives strong brand visibility and consumer engagement
25
Investment Case
The launch of Woodpecker Premium Beer, India’s first twist-cap beer in Karnataka marks a revolutionary step in the Indian beer market
Successful commissioned the state-of-the-art wraparound packaging equipment at our Bhopal canning facility boosts overall efficiency by approximately 25%
Power Cool brand secured its position as the second most popular and highest-selling beer in Karnataka
Flagship brand Hunter emerged as the single largest brand in the neutral market of Delhi for 9M FY 2025
Execution of the capex at Odisha is on track and expected to complete in time to catch the beer season.
6
Plant Location
Hassan Plant
Capacity (in mn cases)
Beer
14.0
IMFL
2.7
Bhopal Plant Bhopal Plant
Capacity (in mn cases)
Beer
15.2
IMFL
0.6
Odisha Plant
Capacity (in mn cases)
Beer
6.0
IMFL
0.6
7
Management Commentary
"We are pleased to report steady progress in Q3 FY2025, driven by our disciplined approach to operations and market execution. Total income for the quarter grew by 13.6% year-over- year to ₹3,027 million, reflecting strong demand across key product lines. Our continued focus on cost optimization and value creation contributed to a gross margin of 36.5%.
Our flagship beer brands, Power Cool and Hunter, delivered significant growth in the nine months ending December 2024 further strengthening their presence in key markets. During the quarter, we remained focused on implementing strategies to enhance operational efficiency and capitalize on market opportunities. The sustained growth in our financial performance demonstrates the impact of these initiatives and the resilience of our portfolio in a competitive environment.
Additionally, our subsidiary, Woodpecker Distilleries and Breweries Private Limited, received a credit rating upgrade from BBB+ to A- by Infomerics Ratings. This reflects our strong financial position, effective risk management, and commitment to operational excellence. The improved rating reinforces our ability to pursue growth opportunities while meeting evolving stakeholder expectations.
We remain committed to leveraging our strengths to seize emerging market opportunities and further strengthen our competitive position, driving sustained growth in the industry.’’
Mr. JK Arora, Chairman & Managing Director
8
SOM Distilleries: One of the fastest growing beer companies in the India
Q3 FY2025 Financial Highlights
5
Q3 FY2025 Financial Highlights
SOM Distilleries and Breweries unveils India’s first beer with a twist cap "Woodpecker"—a revolutionary entry
Beer Volume
47 lakh cases +5% Y-o-Y
IMFL Volume
3 lakh cases +25% Y-o-Y
Total Income
Rs. 3,027 Mn +14% Y-o-Y
EBITDA
Rs. 379 Mn +18% Y-o-Y
Total Volume
50 lakh cases +6% Y-o-Y
PAT
Rs. 192 Mn +7% Y-o-Y
210
Performance Discussion
Operational efficiencies leading to better cost management
Volume
• Recorded beer volume of 47 lakh cases: over 5% y-o-y of Q3 FY24 • Recorded IMFL volume of 3.4 lakh cases: over 25% y-o-y of Q3 FY24
Realization
• Beer realization for Q3 FY25 was Rs. 560 per case, compared to Rs. 518 in Q3 FY24. This change was
mainly influenced by higher sales of Hunter and Blackfort beer. IMFL realization for Q3 FY25 was Rs. 1,068 per case as compared to Rs. 938 in Q3 FY24
•
Cost
• The costs of key raw materials and packaging materials remained stable during the quarter. • The gross margin was also stable due to a favorable mix of older glass bottles.
11
SOM Distilleries: One of the fastest growing beer companies in the India
9M FY2025 Financial Highlights
5
9M FY2025 Financial Highlights
“Power Cool brand secured its position as the second most popular and highest-selling beer in Karnataka”
Beer Volume
178 lakh cases +18% Y-o-Y
IMFL Volume
8 lakh cases +14% Y-o-Y
Total Income
EBITDA
Rs. 11,074 Mn +23% Y-o-Y
Rs. 1,379 Mn +26% Y-o-Y
Total Volume
186 lakh cases +18% Y-o-Y
PAT
Rs. 807 Mn +21% Y-o-Y
213
Performance Highlights
(Rs. Million)
FY2025
FY2024
Growth (%)
FY2025
FY2024
Growth (%)
Q3
Y-o-Y
9M
Y-o-Y
Total Income
Gross Profit
Margin (%)
EBITDA
3,027
1,106
36.5%
379
2,665
970
36.4%
320
Margin (%)
12.5%
12.0%
Interest
Depreciation
Net Profit
Margin (%)
19
68
192
6.3%
27
56
180
6.8%
13.6%
14.0%
18.3%
(29.1)%
22.2%
6.7%
11,074
3,994
36.1%
1,379
12.5%
76
191
807
9,012
3,247
36.0%
1,096
12.2%
84
155
665
6.6%
7.4%
22.9%
23.0%
25.8%
(9.2)%
23.2%
21%
14
Leverage Profile
(Rs. Million)
Secured Borrowings
Unsecured Borrowings
Gross Debt- Consolidated
Less: Cash & Cash Equivalents
Dec 31 2024
Mar 31 2024
760
940
350
830
1,110
1,770
230
130
Net Debt
880
1,640
Gross Debt / Equity (x)
0.17x
0.35x
Net Debt / EBITDA (x)
0.64x
0.79x
• Gross Debt reduced by Rs. 660 million, consolidated debt decreased, an improved total debt
Overall showcasing position
• The gross debt-equity ratio decreased from 0.35x in Mar 2024 to 0.17x in December 2024
• Net debt reduced by Rs. 760 million, net an
improved
in
resulting debt/EBITDA
• The credit rating upgraded from BBB+
to A-
15
SOM Distilleries: One of the fastest growing beer companies in the India
Operational Highlights
5
Volume Summary
Q3
Lakh cases
FY2025 FY2024
Y-o-Y Growth (%)
9M
FY2025 FY2024
Y-o-Y Growth (%)
Hunter
Black Fort
9.5
3.7
9.4
1.4%
47.3
41.9
12.7%
5.7
(35.0)%
14.5
24.4
(40.6)%
Power Cool
23.4
26.6
(11.8)%
87.3
78.2
11.7%
Legend
7.3
-
NA
18.0
-
NA
Total Beer
46.6
44.5
4.7%
177.5
150.7
17.8%
Total IMFL
3.4
2.7
25.1%
8.4
7.4
13.5%
Total Volume
50.0
47.2
5.9%
185.9
158.1
17.6%
• Beer accounted for 95% of total volumes and
89% of the revenue during Q3 FY2025
• Price realization for Beer during Q3 FY25 was Rs. 560 and IMFL was Rs. 1,068; blended realization at Rs. 602.
• Emergence of Legend beer as a major brand for
us.
17
Millionnaire Beer Brands – Volume Consolidation
Quantity Sold (in lakh cases)
26.7
16.6
9.4
11.1
9.5
Q3 FY2024
Q4 FY2024
Q1 FY2025
Q2 FY2025
Q3 FY2025
5.7
5.3
8.2
2.6
3.7
Q3 FY2024
Q4 FY2024
Q1 FY2025
Q2 FY2025
Q3 FY2025
26.6
33.3
41.0
22.9
23.4
Q3 FY2024
Q4 FY2024
Q1 FY2025
Q2 FY2025
Q3 FY2025
18
SOM Distilleries: One of the fastest growing beer companies in the India
Sustainability
5
Sustainability
Conservation of Energy Reduce fossil fuel dependency by transitioning to renewables and regular checks on electrical equipment to minimize energy waste
Waste Reduction Initiatives In FY24, recycled 5,499 MT and re-used 28,304 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
CSR and Donations In FY24, donated Rs. 4.50 lacs, for societal education and welfare activities, including Asha Mohan Foundation through CSR
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
Corporate Governance Corporate governance philosophy is guided by principles like independence, accountability, transparency, ethics, and integrity in relations with stakeholders
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
Executive team of ESG
Dedicated ESG Executive team with 4 associates
SOM Distilleries & Breweries ESG Profile Link: https://bit.ly/364ur49
20
SOM Distilleries: One of the fastest growing beer companies in the India
Awards & Accolades
5
Awards and Accolades
Brand Recognition
22
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
Simran Malhotra/ Rajiv Pandya Churchgate Partners
som@churchgatepartners.com +91 22 6169 5988