ZUARI INDUSTRIES LIMITED has informed the Exchange about Investor Presentation

Registered Office Jai Kisaan Bhawan, Zuarinagar, Goa – 403 726 CIN No.: L65921GA1967PLC000157 5th Floor, Tower A, Global Business Park, M.G. Road, Sector 26, Gurugram - 122 002, India Tel: +91 (124) 482 7800, Email: ig.zgl@adventz.com, www.zuariindustries.in ZUARI INDUSTRIES LIMITED 13 February 2025 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block –G, Dalal Street, Bandra Kurla Complex, Bandra East Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 500780 NSE Symbol: ZUARIIND Sub: Zuari Industries Limited- Presentation for Investors Ref:- Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/ Madam, Please find enclosed herewith a copy of Investor Presentation that will be shared with the Investors. The same will also be uploaded on our website at www.zuariindustries.in. Kindly take the above intimation on records. Thanking you, For Zuari Industries Limited Nishant Dalal Chief Financial Officer Encl: As above Investor Presentation February 2025YEARS OF LEGACY AND TRUSTZUARI INDUSTRIES Safe HarborThis presentation and the accompanying slides (the “Presentation”), which have been prepared by Zuari Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness2List of Abbreviations3AbbreviationsFull FormDMDevelopment ManagerFFPLForte Furniture Products India Pvt LtdGSMLGobind Sugar Mills LtdIFPLIndian Furniture Products LtdJDJoint DeveloperJVJoint VentureRE DivisionReal Estate DivisionSILSimon India LtdSPE DivSugar, Power & EthanolTIHLTexmaco Infrastructure & Holdings LtdTRELTexmaco Rail & Engineering LtdZACLZuari Agro Chemicals LtdZEBPLZuari Envien Bioenergy Pvt LtdZFLZuari Finserv LtdZIPLZuari IAV Pvt LtdZIBLZuari Insurance Brokers LtdZIILZuari Infraworld India LimitedZILZuari Industries LtdZIntLZuari International LtdZMSLZuari Management Services LtdZSPLZuari sugar & Power ltdLegacy of 57 Years4Year 1967Late Dr. K.K. Birla founded Zuari Agro Chemicals in GoaCollaboration with IFC & Bank of America and Armour Co., ChicagoYear 1989Set up Chambal Fertilizers & Chemicals Ltd. in Rajasthan.Commissioned in 1994 & Contributing to 13% of the Urea requirement of IndiaYear 2002Year 2015Since 2017Acquired Paradeep Phosphates from Govt of India through a JV company (ZMPPL) between ZIL & OCP, Morocco.Globally, Morocco has the highest phosphatic reservesAcquisition of Mangalore Chemicals & Fertilizers Limited through ZACLEstablishing footprints in both east coast (PPL) and west coast (MCFL) of IndiaSetup furniture business in JV with Forte Poland in Chennai (2017)Simplified structure by merging GSML (2022) and ZSPL (2024) with ZILIPO-ed PPL and transferred all assets of ZACL to PPL (2022)Setup bioenergy business in JV with Envien group of Slovakia (2023)TREL acquired Jindal Rail Infrastructure Ltd., Vadodara & Saira Asia Interiors Pvt. Ltd., expand market presence (2024)Our Group Portfolio Brands5Zuari Industries LtdParadeep Phosphates LtdMangalore Chemicals & Fertilizers LtdJV CompaniesTexmaco Rail & Engineering LtdZIL Snapshot10,000 TCD Sugarcane Crushing Capacity125 KLPD Syrup & Molasses based Distillery22 MWSaleable Power under Long Term PPA4 Marquee Real Estate Projects Delivered3 Projects underway•St. Regis Financial Centre Road, Dubai•Zuari Garden City Ph 4•Zuari Rainforest Ph 2Substantial Land Banks in Goafor monetization~4700 Crworth of Strategic Investments1000+Workforce including subsidiaries & JVsConsolidated 9M FY25•793.3 Cr Revenue• 170.9 Cr EBITDA**before exceptional itemsZIL Q3 FY25 SummaryOperationalFinancialOutlook for Q4 FY25•Earliest ever start of the mill: 27 October 2024 (66 vs 46 days in Q3FY23)•Highest ever per day crush: 1.04 LQ•Sugar Sales: +150% (3.5 LQ vs 1.4 LQ in Q3FY24) •Ethanol Production: +95% (7,787 KL vs 3,988 KL in Q3FY24) •Power exports: +79% (341 LU vs 191 LU in Q3FY24) •Sugar Price Realization: -1.0% (3,856 Rs/Q vs 3,886 Rs/Q in Q3FY24)•Revenue: +161% (204 Cr vs 78 Cr in Q3FY24)•Finance cost lowered by 1.7 Cr, Overall reduction: 13.65 Cr (9MFY25 vs 9MFY24)•Interim dividend from CFCL: 28.45 Cr (@5 per share)•Refinanced high-cost loan of 75 Cr•Maximize sugarcane availability •Increase distillery operating days•Strengthen systems & processes8Operational Performance: Q3 FY25All values in Cr•Higher cane crushing due to higher operating days (66 days in Q3FY25 vs 46 days in Q3FY24)•Higher sugar production due to higher operating days and higher recovery•Higher recovery due to better cane quality and varietal replacement•Higher ethanol production due to higher operating days (62 days in Q3FY25 vs 42 days in Q3FY24)Sugar Recovery:10.41% vs 9.56%4.93.2Q3FY25Q3FY24Sugar Production(LQ)60.835.9Q3FY25Q3FY24Cane Crushing(LQ)7840.0Q3FY25Q3FY24Ethanol Production(LL)581333.0Q3FY25Q3FY24Power Production(LU)9Operational Performance: Q3 FY25Q-o-Q9 Months3.54.21.4Q3FY25Q2FY25Q3FY24Sugar Sales (LQ)385638153886Q3FY25Q2FY25Q3FY24Sugar Realization (Rs/Q)787224Q3FY25Q2FY25Q3FY24Ethanol Sales (LL)3411191Q3FY25Q2FY25Q3FY24Power Sale (LU)11.58.89M FY259M FY24Sugar Sales (LQ)384437479M FY259M FY24Sugar Realization (Rs/Q)9M FY259M FY24Ethanol Sales (LL)9M FY259M FY24Power Sale (LU)28.59M FY259M FY24EBITDA (Operating)10Financial Performance: SPE DivisionAll values In (Cr)Q-o-Q-0.99 Months204.2204.178.8Q3FY25Q2FY25Q3FY24Revenue from Operations622.2453.69M FY259M FY24Revenue from Operations-3.55.4-9.9Q3FY25Q2FY25Q3FY24EBITDA (Operating)-21.4-44.39M FY259M FY24PBT (before excep items)-18.6-11.5-16.0Q3FY25Q2FY25Q3FY24PBT (before excep items)11Financial Performance: REI DivisionAll values In (Cr)Q-o-Q9 Months4.526.49M FY259M FY24Revenue from Operations-8.31.29M FY259M FY24EBITDA (Operating)-3.4-1.95.9Q3FY25Q2FY25Q3FY24EBITDA (Operating)25.688.59M FY259M FY24PBT (before excep items)21.311.925.2Q3FY25Q2FY25Q3FY24PBT (before excep items)0.63.221.9Q3FY25Q2FY25Q3FY24Revenue from OperationsFinancial Performance: ZIL (Standalone)All values In (Cr)Q-o-Q9 Months204.8207.4100.7Q3FY25Q2FY25Q3FY24Revenue from Operations-6.93.5-4.0Q3FY25Q2FY25Q3FY24EBITDA (Operating)2.60.49.2Q3FY25Q2FY25Q3FY24PBT (before excep items)20.10.39M FY259MFY24EBITDA (Operating)626.7480.09M FY259MFY24Revenue from Operations4.244.29M FY259MFY24PBT (before excep items)ZIL StructureZIL Structure14ZILOperating BusinessesStrategic InvestmentsVenturesSugar, Power & Ethanol (SPE Div)Real Estate (ZIIL)Bioenergy JV (ZEBPL)ZACLTIHLTRELMCFLCFCLTrading (ZINTL)Management Services (ZMSL)Engineering & Construction Services (SIL)Financial Services (ZFL & ZIBL)Oil Tanking Services(ZIAVPL)Performance: SPE Division1610,000 TCD Integrated Sugar Power Ethanol (SPE) plant at Lakhimpur Capacity of Cane crushing at10,000 TCDSUGARCapacity of 40 MWH to meet the in-house requirements and export (22 MW)POWEREthanol production capacity at 125 KLPD from syrup & molassesETHANOL451 Cr (9M FY25)73% of Revenue153 Cr (9M FY24)24% of Revenue18 Cr (9M FY25)3% of RevenueH1FY25 Revenue : 622 Cr | EBITDA : 32 Cr | EBITDA Margin : ~5%Outlook Real EstateReal Estate Business poised to unlock value for InvestorsPROJECTLOCATIONLANDREVENUE POTENTIAL*STATUSSt Regis Financial Centre Road - ZIIL 232 UnitsDubaiMega ProjectFebruary 2026Land Parcels, Goa - RE381 AcresGoa, India Major ProjectSale ongoingZuari Garden City Phase 1,2 & 3 – ZIIL629 UnitsMysore, IndiaLarge ProjectCompleted in 2023Zuari Garden City Phase 4 - ZIIL156 UnitsMysore, IndiaLarge ProjectUnder ConstructionZuari Rain Forest Phase 1 - RE95 UnitsGoa, India Large ProjectPhase 1 Completed,Phase 2 Developing*100 -200 Cr – Significant, >200 to <500 Cr – Large, >500 to <2,000 Cr – Major, >2,000 to <5,000 Cr – Mega, >5,000 Cr – Ultra Mega18Glimpses : St. Regis Residences 19Outlook ZEBPLZEBPL JV to become a significant Bioenergy Platform21FUTURE STRATEGYMARKET DRIVERSBUSINESS OVERVIEW➢ZIL, in a joint venture with Envien International, Slovakia, is establishing a grain-based distillery in Aira, Lakhimpur Kheri, Uttar Pradesh. ➢The facility, with a capacity of 180 KLPD, will be situated on 20.06 acres of land➢Commencement of construction : 22 February 2024➢Explore organic and inorganic growth prospects to scale up the production of ethanol to ~1000 KLPD➢Demand Enrichment: Increase of minimum blending percentage of ethanol to 20% by GoI➢Supply Enrichment: Encourage ethanol production, increase capacity, diversify feedstock➢Incentives: Provide tax breaks and interest subvention Project Construction in full swing•58% of the project completed•Project to be commissioned by Mid 2025PROJECT UPDATESZEBPL JV : Current Snapshots22Updates on VenturesStrategic Opportunities in key areas and Group’s experience being leverged Strategic OutlookSimon India LtdFinancial ServicesZuari Mgmt. ServicesZuari International•Best ever 9M performance•Revenue: 15.1 Cr.•Trusted brand•Strong business growth•Focus on digital initiatives •Provides HR Services to Group Companies•Increasing role in recruitment services•Leveraging technology to offer business solutions•Trades in Sugar, Salt, healthy snacks – makhana, chips, millets•Present in e-commerce, D2C and offline channels•Incubating a healthy snacking alternativeProgress in Ventures•Excellent track record in fertilisers, chemicals, oil & gas•Orders received worth ~50 Cr•Assignments in India and AbroadGlimpses : Snackpure BrandingUpdates: Strategic InvestmentsStrategic Investments27Value of strategic investments held by ZIL & its wholly–owned subsidiariesCompanyNo. of Shares Share Price Value Change(Lakh)(Rs)(Rs Cr)(%)30-Sep-2431-Dec-2430-Sep-2431-Dec-2430-Sep-2431-Dec-24Chambal Fertilizers & Chemicals Ltd.5955955294943,1482,939-7%Zuari Agro Chemicals Ltd.135135213202288273-5%Mangalore Chemicals and Fertilizers Ltd.331301624525%Texmaco Rail & Engineering Ltd.6456452101651,3541,064-21%Texmaco Infrastructure and Holdings Ltd.393393123111483436-10%Value of Quoted Investments 5,2774,717-11%LeadershipExperienced Board of DirectorsCHAIRMANNON-EXECUTIVE DIRECTORMANAGING DIRECTOR EXECUTIVE DIRECTOR Saroj K. PoddarJyotsna Poddar Athar ShahabAlok SaxenaINDEPENDENT DIRECTOR Suneet S. Maheshwari INDEPENDENT DIRECTOR Manju Gupta 29INDEPENDENT DIRECTOR Vijay V. Paranjape INDEPENDENT DIRECTOR Deepak AmitabhFinancial Performance31Standalone Income StatementAll values In (Cr)Particulars Q3 FY25Q3 FY249M FY259M FY24IncomeRevenue from operations20,482.86 10,077.32 62,673.07 48,002.10 Other income 4,459.51 5,261.54 9,461.83 16,784.37 Total income24,942.37 15,338.86 72,134.90 64,786.47 ExpensesCost of material consumed23,455.17 13,874.53 31,289.35 21,830.89 Purchases of Stock-in-Trade22.49 27.93 179.93 381.96 Project expenses- (0.69)- 50.13 Change in inventories(6,317.75)(6,504.86)19,920.11 17,322.20 Employee benefits1,550.04 1,249.74 3,878.30 3,402.28 Finance Cost2,885.83 3,331.26 9,236.01 10,601.25 Dep. and Amort. Expense618.61 604.75 1,821.98 1,795.80 Other Expense2,463.85 1,839.25 5,391.72 4,981.67 Total24,678.24 14,421.91 71,717.40 60,366.18 Profit/(Loss) Before Tax and Exceptional Items)264.13 916.95 417.50 4,420.29 Exceptional Items(637.58)(4,463.19)(4,644.70)(4,463.19)Profit/(Loss) Before Tax(373.45)(3,546.24)(4,227.20)(42.90)Tax Expense362.38 (106.03)417.92 (704.49)Profit/(Loss) After Tax(735.83)(3,440.21)(4,645.12)661.59 Total Other Comprehensive Income(16,392.84)61,779.08 82,422.00 77,286.71 Total Comprehensive Income/(Loss)(17,128.67)58,338.87 77,776.88 77,948.30 EPS(2.47)(11.55)(15.60)2.22 Profit & Loss Statement (Consolidated)32(Rs Lakh)Particulars Qtr ended31 Dec 24Qtr ended30 Sep 24Qtr ended31 Dec 239M ended31 Dec 249M ended31 Dec 23Yr ended 31 Mar 24IncomeRevenue from operations (ref Slide 12)23,506.44 23,729.22 11,574.62 69,806.58 57,539.11 83,780.07 Other income3,900.79 3,987.96 7,947.04 9,520.36 20,793.89 22,938.59 Total income27,407.23 27,717.18 19,521.66 79,326.94 78,333.00 1,06,718.66 ExpensesCost of material consumed23,450.56 1,790.10 13,874.53 31,284.74 21,830.89 56,326.88 Purchases of Stock-in-Trade97.68 14.27 145.77 276.18 554.68 650.85 Project expenses844.14 731.73 538.80 2,246.84 770.66 947.55 Change in inventories(6,313.84)16,124.92 (7,340.87)18,780.51 25,220.94 (4,687.75)Employee benefits3,135.84 2,617.07 2,633.18 8,258.42 7,170.43 9,759.52 Finance Cost6,334.84 7,080.27 7,192.18 20,302.38 21,432.62 28,194.10 Dep. and Amort. Expense722.26 704.03 693.81 2,107.19 2,049.73 2,735.92 Other Expense3,004.03 2,055.89 2,771.84 6,805.96 9,530.23 15,598.89 Total Expense31,275.51 31,118.28 20,509.24 90,062.22 88,560.18 1,09,525.96 Profit/(loss) before share of profit/ (loss) from associates, JV and Tax(3,868.28)(3,401.10)(987.58)(10,735.28)(10,227.18)(2,807.30)Share of profit/(loss) from associates, JV1,502.25 3,880.64 502.20 5,419.21 1,165.52 2,736.32 Profit/(loss) before Tax and exceptional item(2,366.03)479.54 (485.38)(5,316.07)(9,061.66)(70.98)Exceptional Item- (1,974.33)80,689.06 (1,974.33)81,327.79 78,471.32 Profit/(loss) before Tax (2,366.03)(1,494.79)80,203.68 (7,290.40)72,266.13 78,400.34 Tax Expense157.80 (17.21)7,295.12 71.69 7,328.60 7,124.94 Profit/(Loss) After Tax(2,523.83)(1,477.58)72,908.56 (7,362.09)64,937.53 71,275.40 Other Comprehensive Income(31,616.22)(17,608.43)72,369.83 92,982.58 97,575.96 80,681.63 Total Comprehensive Income/(Loss)(34,140.05)(19,086.01)1,45,278.39 85,620.49 1,62,513.49 1,51,957.03 EPS(8.31)(4.84)244.89 (24.35)218.37 239.72 Segment Information (Consolidated)33Particulars Qtr ended31 Dec 24Qtr ended30 Sep 24Qtr ended31 Dec 239M ended31 Dec 249M ended31 Dec 23Yr ended 31 Mar 24Segment revenuea) Sugar22,011.26 17,163.98 8,383.88 56,054.78 44,225.46 58,647.39 b) Power3,425.88 219.71 1,924.82 4,730.24 2,915.11 7,219.37 c) Ethanol Plant5,214.87 4,403.36 1,636.75 15,434.56 10,822.52 16,547.98 d) Real estate734.67 742.88 3,193.77 2,187.50 7,678.84 17,566.15 e) Management services960.64 783.43 797.80 2,438.15 2,115.93 2,774.42 f) Investment services525.94 717.94 532.22 2,020.91 1,490.87 2,180.82 g) Engineering services476.88 128.22 71.40 717.55 156.22 219.62 h) Furniture81.93 - - 81.94 - 0.07 Total33,432.07 24,159.52 16,540.64 83,665.63 69,404.95 1,05,155.82 Less: Intersegment Revenue9,925.63 430.30 4,966.02 13,859.05 11,865.84 21,375.75 Total segment revenue23,506.44 23,729.22 11,574.62 69,806.58 57,539.11 83,780.07 Segment resultsa) Sugar(338.16)(286.84)(1,156.62)802.74 (1,983.05)526.55 b) Power(737.43)(304.41)(338.00)(1,362.99)(952.45)(3,315.45)c) Ethanol Plant174.17 601.15 (194.17)1,790.84 1,116.88 2,216.10 d) Real estate(574.79)93.45 (569.25)(913.34)(1,226.68)9,806.59 e) Management services(54.67)(80.52)9.74 (203.39)(197.69)(246.75)f) Investment services57.96 256.31 194.10 672.77 453.34 632.84 g) Engineering services(42.83)(79.26)(53.29)(148.21)(249.80)(213.32)h) Furniture(97.91)23.95 83.71 4.89 236.41 358.01 Total(1,613.66)223.83 (2,023.78)643.31 (2,803.04)9,764.57 Less: Finance Cost6,334.84 7,080.27 7,192.18 20,302.38 21,432.62 28,194.10 Add: Net Unallocable income/(expenses)4,080.22 3,455.34 8,228.38 8,923.79 14,008.48 15,622.23 Profit/(loss) before share of profit/(loss) from associates, JV and Tax(3,868.28)(3,401.10)(987.58)(10,735.28)(10,227.18)(2,807.30)(Rs Lakh)Path AheadPath Ahead : Transform | Nurture | AchieveDeleveraging through Asset MonetizationFocus on high growth areas, disciplined investingLeverage digital technologies35Business & Operational ExcellenceAttract, Retain & Nurture high quality talentCompany :Company Secretary+91 124 4827800Email: ig.zgl@adventz.comZuari Industries Limited. (BSE: 500780 | NSE: ZUARIIND)For further information, please contact:Investor Relations Advisors :Mr. Ronak Jain+91 98209 50544ronak.jain@linkintime.co.inMUFG Pension & Market Services (formerly Orient Capital)Mr. Irfan Raeen+91 97737 78669irfan.raeen@linkintime.co.