Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation
CIN : L74899DL1993PLC052787
SOM DISTILLERIES & BREWERIES LTD. ISO 9001:2015 Certified Company Corporate Office : 23, Zone-|l, Maharana Pratap Nagar, Bhopal-462 011 (Madhya Pradesh) Tel.: +91-755-4278827, 4271271 Fax : +91-755-2557470 E-mail : sditd@bsnl.in, somdistilleries@rediffmail.com, Web : www.somindia.com Works : Village Rojrachak, Distt. Raisen (Madhya Pradesh) Ph.: +91-7480-266244-5
SDBL/BSE/NSE/2021
Date: 12.02.2021
Dy. General Manager, Department of Corporate Services,
The Manager, Listing Department, NATIONAL STOCK EXCHANGE OF | BSE LIMITED, INDIA LIMITED ‘Exchange Plaza’ C-1 , Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051. cmlist@nse.co.in Security ID: SDBL
First Floor, P.J. Towers, Dalal Street, Fort, Mumbai — 400001. corp.compliance@bseindia.com Security ID: 507514
SUB.: EARNINGS PRESENTATION- UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2020.
Dear Sir/Madam,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Earnings Presentation on Unaudited Standalone and Consolidated Financial Results for the Quarter / Nine months ended December 31, 2020.
The same has also been uploaded on the Company's website www.somindia.com.
This is for your information and records please.
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Phone: +91-| |-26169909, 26169712 Fax: +91-11-26195897
si
Registered Office: |
- A, Zee Plaza,Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi -
| 10029 INDIA
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)
Earnings Presentation Q3 FY2021
Safe Harbor
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.
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Highlights
Financial Highlights
Operational Highlights
Company Profile
Performance Highlights
Q3 FY2021
•
•
•
•
Continued volume and sales recovery compared to last quarter
Recorded beer volume of 13.2 Lakh cases (74% of Q3 FY2020) and IMFL volumes of 2.0 Lakh cases (62% of Q3 FY2020)
o Price realization for beer and IMFL stood at Rs. 482 and Rs. 718 per case, respectively. The price realization was higher by 16% and
8%, respectively compared to same period last year
The volume improvement was broad-based across all our key markets .
•
Recently launched Woodpecker brand continued to grow despite the prevailing challenges, it sold over 31,000 cases compared to 18,000 cases sold in Q2 FY2021
Total income during the quarter stood at Rs. 790 million (82% of Q3 FY2020)
• Our MP and Karnataka entity continued to remain EBITDA positive during the quarter. For Odisha entity management decided to
undertake various promotions to further enhance the demand, which impacted the operating profit of the entity
• Odisha entity sold over 2 lakh cases during the quarter, over 50% higher than Q2 FY2021
• We anticipate the momentum to continue during last quarter of the year
•
Confident of resuming pre-Covid level operations from latter part of Q4 FY2021
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Management Commentary
Our volume during the quarter continued to grow compared to last quarter. In terms of profitability MP and Karnataka facilities continued to remain positive. However, Odisha facility incurred higher COGS on account of aggressive sales promotion activities which impacted the profitability of the entity during the quarter.
We were also able to improve our price realization across our product portfolio compared to the same period last year. Our preliminary estimates for initial period of fourth quarter indicates our consolidated performance moving closer to pre-covid level.
SOM’s long-term equity story remains intact, we are confident of strong bounce back and enhancing value for all our stakeholders.
Mr. JK Arora, Chairman (SOM Group of Companies)
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Highlights
Financial Highlights
Operational Highlights
Company Profile
Performance – Q3 FY2021
(Rs. Million)
FY2021
FY2020 Growth (%)
(Rs. Million)
Dec 31 2020
Sep 30 2020
Jun 30 2020
Q3
Y-o-Y
Total Income
EBITDA
Margin (%)
Interest
Depreciation
790
(30)
nm
48
31
Net Profit
(110)
969
108
11.1%
40
27
29
(18.4)%
nm
21.0%
14.9%
nm
Margin (%)
Nm
3.0%
Secured Borrowings
1,524
1,549
1,504
Unsecured Borrowings
635
635
727
Gross Debt-Consolidated
2,159
2,184
2,231
Less: Cash & Cash Equivalents
110
129
132
Net Debt
2,048
2,054
2,099
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Industry Dynamics
Financial Highlights
Operational Highlights
Company Profile
Millionaire Beer Brands - Meeting the aspirations of our consumers
Lakh cases
Hunter
Black Fort
Power Cool
Others
Total Beer
Total IMFL
Rs. Mn
Total Beer
Total IMFL
Q3
Y-o-Y
FY2021
FY2020
Growth (%)
5.5
3.2
4.2
0.3
13.2
2.0
7.8
3.6
5.8
0.6
17.9
3.2
(29)%
(11)%
(28)%
(46)%
(26)%
(38)%
Volume Mix
15%
11%
19%
17%
13%
85%
89%
81%
83%
87%
Q3 FY2020 Q4 FY2020 Q1 FY2021 Q2 FY2021 Q3 FY2021
Q3
Y-o-Y
Q3
Y-o-Y
FY2021
FY2020
Growth (%)
Realization (Rs)
FY2021
FY2020 Growth (%)
636
145
743
216
(14)%
(33)%
Beer
IMFL
482
718
416
666
16%
8%
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Industry Dynamics
Financial Highlights
Operational Highlights
Company Profile
SOM Distilleries – Who we are
Founded in 1993, flagship company of the SOM Group of Companies
8.35 million cases of Beer and 1.19 million cases of IMFL sold in FY2020
Installed capacity of 15.2mn cases of Beer and 3.3mn cases of IMFL
SOM Distilleries
FY2020 Total Income of Rs. 4,635 mn; 5 Year CAGR of 20%
Gross Debt / Equity Ratio of 0.78x
Beer Contribution – 83% of the revenues in FY2020
The only listed Beer and IMFL company in India....
•
SOM Distilleries & Breweries Limited (SDBL) is based in Bhopal and is one of the leading alcoholic beverages manufacturers in India. SDBL is primarily engaged in production of beer and blending and bottling of IMFL
• 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 has three key millionaire brands (sales more than 1 mn cases per annum) – Hunter, Black Fort and Power Cool. Hunter and Woodpecker brands are supplied as draught beer to all major hotels in Madhya Pradesh and Chhattisgarh
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Synergy Opportunities – Beer and IMFL Brands
• Hunter Super Strong Premium Beer • Power Cool Super Strong Beer • Black Fort Super Strong Beer • Legend Premium Lager Beer • Woodpecker Lager Beer
Beer Brands
IMFL Brands
• Pentagon Gold Edition Whisky • Legend Premium Whisky • 2Ist Century Pure Malted Whisky • GS Genius Whisky • Gypsy Whisky • Sunny Malted Whisky • Milestone 100 premium Whisky • Super Master Whisky
• Pentagon Rum • Black Fort XXX Rum • Gypsy Rum • Sunny Rum
• Blue Chip Vodka • White Fox Vodka • White Fox Refresh (RTD)
• Doctors Brandy
•
SOM’s Beer and IMFL portfolio complements each other and reduce the risk of seasonality
• The Point of Sales for both IMFL and Beer is the same; thereby leading to marketing efficiencies • Generates significant growth opportunities for the combined portfolio
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SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)
Som Distilleries & Breweries Limited (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
Bijay Sharma Churchgate Partners
som@churchgatepartners.com +91 22 6169 5988