Som Distilleries & Breweries Limited has informed the Exchange about Investor Presentation
GROUP OF COMPANIES
SPO)
S&P
CIN : L74899DL1993PLC052787
SOM DISTILLERIES & BREWERIES LTD. ISO 9001:2015 Certified Company Corporate Office : 23, Zone-lI, 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/2022 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: 12.02.2022
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
INVESTORS
STANDALONE _ AND SUB.: CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTH ENDED DECEMBER 31, 2021.
PRESENTATION
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 Nine Month ended December 31, 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 Distilleries and Breweries Limited
(fen i |
Om Prakash. Company Secretary & Compliance Officer
Registered Office: |
- A, Zee Plaza, Arjun Nagar, Safdarjung Enclave, Kamal Cinema Road, New Delhi -
| 10029 INDIA
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Phone: +91-1 1-26169909, 26169712 Fax: +91-! 1-26195897
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Earnings Presentation
9M 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
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Key Highlights: 9M FY2022 vs 9M FY2021
Recorded beer volume of 39.2 Lakh cases (+31% y-o-y) and IMFL volumes of 4.0 Lakh cases (down 29% y-o-y)
The volume improvement in beer was
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Driven by our traditional markets and strong recovery of Karnataka operations
Strong volume recovery of Hunter brand with 20% growth
Black Fort and Power Cool recorded a growth of 24% and 49%, respectively
Power Cool was launched in additional markets in Karnataka and Kerala, which supported the robust growth
Recently launched Woodpecker brand continued to build on growth momentum with around 90,000 cases sold during the nine months of the year
Total income during 9M FY2022 stood at Rs. 2,196 million, an increase of 21% y-o-y. The improvement was driven by improvement in our utilization levels due to gradual lifting of pandemic related restrictions
Improvement in gross margins despite prevailing cost pressure on packaging materials and other commodities
Continued improvement in EBITDA levels and reduction in PAT losses. Q3 PAT loss was only Rs. 11 million
Volume growth trajectory expected to continue with the gradual relaxation of pandemic related restrictions; Karnataka operations has demonstrated sharp recovery and expect strong volume growth in Odisha going forward
Export business accounted for around 4% of the total revenues
Management Commentary
We continued our recovery journey during the quarter with strong growth in topline and EBITDA. During the quarter we reduced our PAT loss to only Rs. 11 million. This is a significant achievement as we started the year with pandemic related strict restrictions and Q1 is our peak season which typically accounts for over 35% our annual business. During the quarter, our Karnataka facility operated at over 60% utilization levels, and we expect significant improvement in utilization from Bhopal and Odisha facility going forward. This will help us to further enhance our operating margins.
Furthermore, the new excise policy in Madhya Pradesh is favorable given it has indicated reducing price by 20%, which will enhance the affordability of our brands. It has also indicated allowing liquor sales through select supermarkets in four big cities, which would be beneficial from availability perspective for such favorable market customers. dynamics is anticipated to support our profitable growth in the next fiscal year.
Our strategic initiatives coupled with
Mr. JK Arora, Chairman (SOM Group of Companies)
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Performance Highlights
(Rs. Million)
FY2022
Total Income
Gross Profit
906
404
Margin (%)
44.6%
EBITDA
Margin (%)
Interest
Depreciation
Net Profit
Margin (%)
68
7.5%
37
42
(11)
nm
a Oliva
790
320
40.5%
(30)
nm
48 31
(110)
nm
Growth (%)
FY2022
a Liye
Growth (%)
9 Months
14.7%
26.5%
nm
(23.5)% 34.4%
nm
2,196
1,011
46.0%
79
3.6%
115
126
(162)
1,812
731
40.4%
(161)
nm
138 94
(418)
21.2%
38.2%
nm
(17.1)% 35.2%
nm
nm
nm
Leverage Profile
ESC OUND CoD ry)
Secured Borrowings
1,369
1,355
1,400
Unsecured Borrowings
582
582
583
Gross Debt-Consolidated
1,951
1,937
1,983
Less: Cash & Cash Equivalents
135
116
125
Net Debt
1,816
1,820
1,858
Gross Debt / Equity (x)
0.73x
0.73x
0.74x
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¢
¢
Repaid total debt of over Rs. 200 million since September 2020 and Rs. 138 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
Volume Summary
Let
Hunter
Black Fort
4.8
3.2
Power Cool
7.2
Others
0.5
9 Months FY2022 | FY2021
oe
5.5
3.2
4.2
0.3
(13)%
15.8
13.2
20%
(1)%
7.9
6.4
24%
72%
14.4
9.7
49%
42%
1.0
0.7
46%
Total Beer
15.6
13.2
18%
39.2
29.9
31%
Total IMFL
1.8
2.0
(10)%
4.0
5.6
(29)%
Continued recovery in mainline brands
Robust growth in Power Cool driven by enhanced penetration in additional market in Karnataka and Kerala
Woodpecker beer continued to consolidate its market presence and sold around 90,000 cases in 9M FY2022
Beer accounted for 90% of total volumes and 84% of the revenue during 9M FY2022
Price realization for Beer during 9M FY2022 was Rs. 462 and IMFL was Rs. 787; blended realization at Rs. 496
IMFL realization improvement driven by increased contribution of premium brands
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Millionaire Beer Brands - Volume Recovery
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5.1
2.5
5.0
6.0
4.8
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
Q2 FY2022
Q3 FY2022
4.2
2.7
3.2
2.0
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
Q2 FY2022
Q3 FY2022
5
i
3.
7.2
4.4
2.8
Q1 FY2021
Q2 FY2021
Q3 FY2021
Q4 FY2021
Q1 FY2022
Q2 FY2022
Q3 FY2022
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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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