Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation
IOV
CIN : L74899DL1993PLC052787
SOM DISTILLERIES & BREWERIES LTD. ISO 9001:2015 Certified Company Corporate Office : 23, Zone-ll, 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 To,
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
Date: 01.11.2021
Dy. General Manager, Department of Corporate Services, BSE LIMITED,
First Floor, P.J. Towers, Dalal Street, Fort, Mumbai — 4000071. corp.compliance@bseindia.com Security ID: 507514
INVESTORS
__AND _- SUB.: CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2021.
PRESENTATION
STANDALONE
UNAUDITED
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 and Half Year ended September 30, 2021.
The same has also been uploaded on the Company’s website www.somindia.com.
This is for your information and records please.
For Som Distilferies. & Breweries Limited
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Om Prakash.» Company Secretary & Compliance Officer
Registered Office: |
- A, Zee Plaza,Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi - 110029 INDIA
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Phone: +91 -| 1-26169909, 26169712 Fax: +91-11-26195897
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Earnings Presentation
H1 FY2022
SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)
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.
Performance Highlights
Key Highlights: H1 FY2022 vs H1 FY2021
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Recorded beer volume of 23.6 Lakh cases (+41% y-o-y) and IMFL volumes of 2.2 Lakh cases (down 40% y-o-y)
The volume improvement in beer was
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Driven by our traditional markets and strong recovery of both Karnataka and Odisha operations
Strong volume recovery in Hunter volumes with 11.0 lakh cases, a growth of 44% y-o-y
Blackfort and PowerCool recorded a growth of 49% and 32%, respectively
Recently launched Woodpecker brand continued to grow with around 50,000 cases sold during the first half of the year
Total income during H1 FY2022 stood at Rs. 1,290 million, an increase of 26% y-o-y. The improvement was driven by relatively low covid environment which enabled us to increase our utilization levels
Strong improvement in utilization levels enabled the Company to turn EBITDA positive across all the operations
Net Loss for the period was Rs. 151 million, significant improvement compared to loss of Rs. 308 million in same period last year; Karnataka operation turned PAT positive during the quarter
Volume growth trajectory expected to continue with the gradual relaxation of pandemic related restrictions
Management Commentary
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We continued to strengthen our market share which is reflected in the strong volume growth for the first half of the year. During Q2, our volume reached pre-covid levels, which is an important milestone in our journey towards normalization. The performance of our Karnataka and Odisha operations was also exciting and Karnataka turned PAT positive during the quarter. The performance of our recently launched ‘Woodpecker’ beer continued to be encouraging and sold around 50,000 cases in the first half of the fiscal year. We were also able to minimize our losses compared to same period last year due to better utilization levels.
We anticipate our volume growth trajectory to continue, resulting in improvement of utilization levels. We are confident of turning PAT positive by the end of this fiscal year and generating strong cash flow from operations.
Mr. JK Arora, Chairman (SOM Group of Companies)
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Performance Highlights
6 Months
(Rs. Million)
FY2022
FY2021
Growth (%)
FY2022
FY2021
Growth (%)
Total Income
EBITDA
Margin (%)
Interest
Depreciation
Net Profit
Margin (%)
783
55
7.0%
38
42
(25)
nm
634
10
1.5%
44
31
(66)
nm
23.6%
461.4%
(14.4)% 35.1%
nm
1,290
11
0.8%
78
84
(151)
1,022
(132)
nm
90
62
26.2%
nm
(13.7)% 35.6%
(308)
nm
nm
nm
Leverage Profile
ESC OUND CoD ry)
Secured Borrowings
1,355
1,400
1,495
Unsecured Borrowings
582
583
594
Gross Debt-Consolidated
1,937
1,983
2,089
Less: Cash & Cash Equivalents
116
125
145
Net Debt
1,820
1,858
1,944
Gross Debt / Equity (x)
0.73x
0.74x
0.74x
Repaid total debt of Rs. 247 million since June 2020 and Rs. 152 million compared to March 2021
No major capex planned in the near term
Cash flow from operation of Rs. 222 million in H1 FY2022 (~60% of total cash generated in FY2021)
Strong cash flow generation and deleveraging balance sheet remain key strategic priority
Volume Summary
Let
Hunter
6.0
Black Fort
2.7
Power Cool
4.4
Others
0.4
6 Months FY2022 | FY2021
oe
44%
49%
32%
5.1
1.9
3.5
0.2
18%
11.0
47%
27%
63%
4.7
7.2
0.6
7.7
3.2
5.5
0.4
49%
Total Beer
13.6
10.7
27%
23.6
16.7
41%
Total IMFL
1.5
2.2
(33)%
2.2
3.6
(40)%
Q2 FY2022 volumes improved significantly and reached pre-covid levels
Continued robust recovery in mainline brands
Woodpecker beer continued to consolidate its market presence and volumes sold doubled compared to same period last year
Beer accounted for 84% of total volumes and 87% of the revenue during H1 FY2022
Price realization for Beer during H1 FY2022 was Rs. 471 and IMFL was Rs. 758; blended realization at Rs. 453
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Millionaire Beer Brands — Volume Recovery
n i (
h k a l
Q2 FY2021
Q3 FY2021
) s e s a c
Q1FY2021
y t i t n a u Q
Q4 FY2021
Q3 FY2021
Q4 FY2021
Q4 FY2021
Q3 FY2021
Q2 FY2021
Q1FY2021
Q1FY2021
Q2 FY2021
Q1 FY2022
Q2 FY2022
Q1 FY2022
Q2 FY2022
Q1 FY2022
Q2 FY2022
d l o S
4.2
2.7
3.2
1.3
2.0
1.9
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SOM Distilleries: 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
Strategic partnerships with White Owl Distilleries and Jagatjit Industries
Launched Woodpecker Wheat Beer, India’s first filtered wheat beer in FY2020
New products increase consumer traction and engagement - Hunter Pint Beer and different flavors of RTD drinks
seasonal themes to
introduced with
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Compelling investment rationale
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Only listed company in India having both Beer and IMFL, which complement each other and reduces the risk of seasonality while providing marketing efficiencies
Strong portfolio of brands including millionaire brands, Hunter, Black Fort and Power Cool
Continuous product innovations to capitalize on seasonal themes and enhance consumer traction and engagement
Launched Woodpecker Wheat Beer, India’s first filtered wheat beer in FY2020; the brand has created significant traction in very short period and is expected to gain further momentum
The Company commands ~2% market share in the Indian beer market and has immense potential to grow the market share by enhancing its penetration across India
Focus on enhancing brand presence through CSD and market expansion in states such as Uttar Pradesh, West Bengal and Andhra Pradesh in addition to existing markets
Expanded capacity provides headroom for volume growth in medium term
Lower penetration of beer and favorable demographic profile to provide huge scope for industry growth
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SOM Distilleries & Breweries Limited (BSE: 507514, NSE: SDBL)
(CIN: L74899DL1993PLC052787)
Registered Office:
Zee Plaza, 1-A
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Kamal Cinema Road
Corporate Office:
SOM HOUSE
23, Zone II
Arjun Nagar
Maharana Pratap Nagar,
Safdarjung Enclave
Bhopal 462011
3) New Delhi 110029
Ph.: +91 755 427 8827
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Nakul Sethi
| SOM Distilleries and Breweries
+9122 6169 5988
Bijay Sharma Churchgate Partners
som@churchgatepartners.com
nksethi@somindia.in
+91 755 4271271 Sos
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