Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation
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SOM DISTILLERIES & BREWERIES LTD. ISO 9001:2015 Certified Company Corporate Office : 23, Zone-ll, Maharana Pratap Nagar, Bhopal-462 01 | (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
CIN : L74899DL1993PLC052787
14.08.2021
_ NSE/BSE/2021
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.: CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE, 2021.
PRESENTATION
STANDALONE
UNAUDITED
INVESTORS
-
AND
Dear Sir/Madam,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Investors Presentation on Unaudited Standalone and Consolidated Financial Results for the Quarter ended June, 2021.
The same has also been uploaded on the Company’s website www.somindia.com.
This is for your information and records please.
Phone: +91-| |-26169909, 26169712 Fax: +91-| 1-26195897
- A, Zee Plaza,Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi -
Registered Office: |
| 10029 INDIA
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)
Earnings Presentation Q1 FY2022
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
Key Highlights: Q1 FY2022 vs Q1 FY2021
Recorded beer volume of 10.0 Lakh cases (+67% y-o-y) and IMFL volumes of 0.7 Lakh cases (down 50% y-o-y)
The volume improvement in beer was
• Driven by our traditional markets and strong recovery of Odisha operations
•
•
•
Strong volume recovery in Hunter volumes with 5.0 lakh cases, which almost doubled
Blackfort and PowerCool recorded a growth of 53% and 40%, respectively
Recently launched Woodpecker brand continued to grow with over 15,000 cases sold during the quarter
Total income during the quarter stood at Rs. 506 million, an increase of 30% y-o-y. The improvement was driven by relatively low covid environment which enabled us to increase our utilization levels
•
•
•
• Net Loss for the quarter was Rs. 138 million, significant improvement compared to loss of Rs. 242 million in same period last year
•
The operations during the month of April and May were severely impacted due to second wave of the pandemic
• With the lifting of lockdowns in states, and re-opening of economy, recovery is anticipated in Q2 FY2022
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Management Commentary
With the gradual opening of the economy, we continued to regain market share, which was reflected in volume growth of our mainline brands. Due to the second wave of pandemic the situation was broadly similar to last year, but the Company was better prepared this time to manage the unprecedented challenges. Our recently, launched ‘Woodpecker’ beer continued to consolidate its presence in the select markets it is available.
During the quarter we were also able to reduce our losses compared to last year due to better utilization levels coupled with various other strategic initiatives undertaken recently such as selective market approach.
We remain committed to our pan India penetrations strategy to drive growth in the medium to long term and are confident about the demand of our products and barring any external challenges.
Mr. JK Arora, Chairman (SOM Group of Companies)
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Highlights
Financial Highlights
Operational Highlights
Company Profile
Performance Highlights
Q1
Y-o-Y
12 Months
Y-o-Y
(Rs. Million)
FY2022
FY2021
Growth (%)
FY2021
FY2020
Growth (%)
Total Income
EBITDA
Margin (%)
Interest
Depreciation
506
(57)
nm
40
42
388
(141)
nm
46
31
30.5%
nm
(12.9)%
36.1%
Net Profit
(138)
(242)
nm
Margin (%)
nm
nm
2,901
(70)
nm
187
134
(381)
nm
4,635
479
10.3%
154
117
150
3.2%
(37.4)%
nm
21.4%
14.5%
nm
7
Leverage Profile
(Rs. Million)
Jun 30 2021
Mar 31 2021
Sep 30 2020
Secured Borrowings
1,400
1,495
1,549
Unsecured Borrowings
583
594
635
Gross Debt-Consolidated
1,983
2,089
2,184
Less: Cash & Cash Equivalents
125
145
129
Net Debt
1,858
1,944
2,054
Gross Debt / Equity (x)
0.74x
0.74x
0.76x
• Repaid total debt of Rs. 247 million since June 2020 and Rs. 105 million compared to March 2021
• No major capex planned in the near term
• Strong cash flow generation and
deleveraging balance sheet remain key strategic priority
8
Industry Dynamics
Financial Highlights
Operational Highlights
Company Profile
Volume Summary
Q1
Y-o-Y
12 Months
Y-o-Y
Lakh cases
FY2022 FY2021
Growth (%)
FY2021 FY2020
Growth (%)
Hunter
Black Fort
5.0
2.0
Power Cool
2.8
Others
0.2
2.5
1.3
2.0
0.1
98%
22.4
35.9
(38)%
53%
10.6
14.4
(26)%
40%
15.9
31.6
(50)%
26%
0.8
1.7
(53)%
Total Beer
10.0
6.0
67%
49.7
83.5
(40)%
Total IMFL
10.7
7.4
45%
7.7
11.9
(36)%
• Continued robust recovery in mainline brands
• Woodpecker beer continued to consolidate its
market presence and expected to record strong growth as the markets re-open
• The growth in Hunter brand was predominantly
driven by Odisha operations
• Beer accounted for 93% of total volumes and
88% of the revenue during the quarter
• Price realization for Beer during the quarter was Rs. 444 and IMFL was Rs. 815; blended realization at Rs. 469
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Millionaire Beer Brands – Volume Recovery
) s e s a c h k a l n i ( d l o S y t i t n a u Q
5.1
5.5
5.0
9.2
2.5
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
1.3
1.9
3.2
4.2
2.0
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
2.0
3.5
4.2
6.2
2.8
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
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Industry Dynamics
Financial Highlights
Operational Highlights
Company Profile
SOM Distilleries: The only listed Beer and IMFL company in India
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•
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
Strategic partnerships with White Owl Distilleries and Jagatjit Industries
Launched Woodpecker Wheat Beer, India’s first filtered wheat beer in FY2020
• New products introduced with seasonal
themes to increase consumer traction and engagement – Hunter Pint Beer and different flavors of RTD drinks
s d n a r B r e e B
s d n a r B L F M
I
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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