EARNINGS PRESENTATION | Q4-FY18 / FY18 INVESTOR PRESENTATION | - PowerPoint PPT Presentation

EARNINGS PRESENTATION | Q4-FY18 / FY18 INVESTOR PRESENTATION | MARCH2018

2 | Executive Summary Company Overview • Founded in 1976, BCL Industries & Infrastructure Ltd is a part of the Mittal Group founded by Shri D. D. Mittal . Now under the stewardship of Mr. Rajinder Mittal , the company has now grown into an INR 1,000 Crore business empire. • The company is a diversified conglomerate in manufacturing and development with business interests spread across a variety of industry verticals namely Solvent Extraction and Edible Oil, Distillation and Real Estate. • The market Cap of the company as on 31 st March, 2018 was INR 2,190 Mn. Business Overview SOLVENT EXTRACTION & EDIBLE OIL DISTILLATION REAL ESTATE Engaged in the business of manufacturing Engaged in the business of manufacturing Undertaken two large real estate projects of Vanaspathi, Refined oil, and oil & of Extra Neutral Alcohol (ENA) and in Bhatinda, Punjab solvent extraction from seeds and rice. bottling of liquor in PML and IMFL in Punjab. Product Offerings SOLVENT EXTRACTION & EDIBLE OIL DISTILLATION REAL ESTATE The product basket is a mix of Blended Manufactures a range of country and The projects undertaken in Bhatinda are oil, Mustard oil and Vanasphat Ghee IMFL liquor across 9 main brands of the namely Ganpati Enclave and DD Mittal company. Towers. Financials - FY18 Revenue EBITDA PAT Gross Block FY17 INR 8,576 Mn INR 536 Mn INR 178 Mn INR 2,198 Mn

3 | Company at a glance Revenue Growth (INR Mn) • Founded in 1976, BCL Industries & Infrastructure Ltd is a part 10,000 100% of the Mittal Group, founded by Shri D. D. Mittal. Now under 8,576 9,000 90% the stewardship of Mr. Rajinder Mittal, the company has now 8,000 80% 6,755 6,713 grown into an INR 1,000 Crore business empire. 7,000 70% 6,000 5,329 60% • BCL is one of the largest vertically integrated agro-based 5,000 50% 4,000 40% edible oil player in India with a gross annual turnover of more 3,000 30% than INR 8,500 Mn and a total management experience of 2,000 20% nearly four decades. 1,000 10% 0 0% • The company has transformed from a small oil mill to one of FY15 FY16 FY17 FY18 the most modern and fully integrated rice and edible oil Segmental Revenue Break up - FY18 complexes in India with a processing capacity of 1,000 Metric Tonnes per day. Real Estate 3% • The company forayed into the business of distillation of alcohol in the year 2006 in partnership with Pioneer Industries Ltd with manufacturing plant in Pathankot. Distillation 33% • The company has a balance sheet size of nearly INR 5,000 Mn with a scalable business model which provides revenue Edible Oil visibility of nearly INR 10,000 Mn post the expansion. 65%

4 | FINANCIAL OVERVIEW FINANCIAL OVERVIEW

5 | Key Financial Highlights Q4-FY18 Financial Performance: FY18 Financial Performance: • • Total Income: INR 2,326 Mn YoY Growth 1.7% Total Income: INR 8,576 Mn YoY Growth 26.9% • • EBITDA: INR 131 Mn YoY Growth 79.5% EBITDA: INR 536 Mn YoY Growth 29.8% • • EBITDA Margin: 5.63% YoY Growth 244 Bps EBITDA Margin: 6.25% YoY Growth 14 Bps • • Net Profit: INR 47 Mn YoY Growth 840.0% Net Profit : INR 178 Mn YoY Growth 81.6% • • PAT Margin: 2.02% YoY Growth 180 Bps PAT Margin: 2.08% YoY Growth 63 Bps • • Diluted EPS: INR 2.53 YoY Growth 666.7% Diluted EPS: INR 9.82 YoY Growth 42.3%

6 | Key Operational Highlights Q4-FY18 Operational Highlights: Highest Ever Revenue: • Buoyed by continuous increasing demands in edible oils and Govt. constant push of decreasing imports, BCL surpasses the magical figure of INR 8500 Mn for the financial year 2017-2018 as its highest ever revenue in its operational span of 42 years. The year 2017-2018 also witnessed the highest ever EPS, EBIDTA and Net Profit in BCL’s Corporate history. Edible Oil: • With continuous thrive by the R&D Lab of BCL in perfection of the edible oil quality, it has continued to cater to the market in 2017-2018 not just through its own established brands but also processing for Giant players in the edible oil field to the likes of Bunge, US and Markfed Punjab. • BCL continues to be the favourite supplier in 2017-2018 for De-oiled rice bran, mustard cake, DDGS etc to multinational giants including Cargill and Godrej Agrovet. Distillery: • BCL places the order to Praj Industries Ltd via its subsidiary Svaksha Distillery Ltd for India’s largest grain based Distillery of 200KLPD at Kharagpur, West Bengal. • BCL in its constant endeavour of preserving the natural resources with its R&D Department continues to be the trend setter in Distillery Industry by setting record standards of improved water efficiency to 7-8 litres per litre of ENA against market standard of 11-12 litres. • BCL through its R&D Lab achieved a new market standard of 4.5-5% impurities against market standard of 6-7% leading to increase in revenues IN 2017-2018. • BCL expansion plant of 100 KLPD Bathinda operated at 110-115% capacity utilisation during the period 2017-2018. BCL is confident to continue its journey with double digit growth post the magical performance in 2017-2018 and greater than before market demand both in the Edible Oil & Distillery sectors for the period to follow.

7 | Quarterly Standalone Income Statement Particulars (INR Mn) Q4-FY18 Q4-FY17 Y-o-Y Q3-FY18 Q-o-Q Total Income* 2,326 2,287 1.7% 2,352 (1.1)% Total Expenses 2,195 2,214 (0.9)% 2,243 (2.1)% EBITDA 131 73 79.5% 109 20.2% EBITDA Margins (%) 5.63% 3.19% 244 Bps 4.63% 100 Bps Depreciation 28 34 (17.6)% 16 75.0% Interest 36 34 5.9% 36 (3)% Exceptional Item - - NA 0 NA PBT 67 5 1,240.0% 57 17.5% Tax (20) - NA (9) 122.2% Prior Period Items - - NA 0 NA Profit After tax 47 5 840.0% 48 NA PAT Margins (%) 2.02% 0.22% 180 Bps 2.04% (2) Bps Other Comprehensive Income - - NA 0 NA Total Comprehensive Income 47 5 840.0% 48 NA Diluted EPS(INR) 2.53 0.33 666.7% 3.38 ( 25.1)% * Includes other income Note: All numbers are as per Ind-As

8 | Consolidated Income Statement (Ind-As) Particulars (INR Mn) FY18 FY17 Y-o-Y Total Income* 8,576 6,760 26.9% Total Expenses 8,040 6,347 26.7% EBITDA 536 413 29.8% EBITDA Margins (%) 6.25% 6.11% 14 Bps Depreciation 106 85 24.7% Interest 213 214 NA Exceptional Item - (1) NA PBT 217 113 92.0% Tax (39) (15) 160.0% Prior Period Items - - NA Profit After tax 178 98 81.6% PAT Margins (%) 2.08% 1.45% 63 Bps Other Comprehensive Income (3) - NA Total Comprehensive Income 175 98 78.6% Diluted EPS(INR) 9.82 6.90 42.3% *Includes other income

9 | Historical Consolidated Income Statement Particulars (INR Mn) FY15 FY16 FY17** FY18** Total Income* 6,830 5,329 6,760 8,576 Total Expenses 6,402 5,023 6,347 8,040 EBITDA 428 306 413 536 EBITDA Margins (%) 6.27% 5.74% 6.11% 6.25% Depreciation 83 78 85 106 Interest 243 140 214 213 Exceptional Item - - (1) - PBT 102 88 113 217 Tax (25) (19) (15) (39) Prior Period Items (8) (4) - - Profit After tax 69 65 98 178 PAT Margins (%) 1.01% 1.22% 1.45% 2.08% Other Comprehensive Income - - - (3) Total Comprehensive Income 69 65 98 175 EPS 4.89 4.56 6.90 9.82 * Includes other income ** As per IND-AS

10 | Consolidated Balance Sheet (Ind-AS) Particulars (INR Mn) Particulars (INR Mn) FY17 FY18 FY17 FY18 EQUITY AND LIABILITIES ASSETS Equity Non-Current Assets Share Capital 142 157 Property, Plant & Equipment 850 1,355 Other Equity 835 1,160 Capital Work in progress 540 50 Non-controlling interests - 1 - 2 Goodwill on consolidation Total Equity 977 1,318 Non Current Investments 29 31 Non Current Liabilities Long-term Loans and Advances - - Borrowings 1,078 990 Other non-current assets 13 13 Other Financial Liabilities 117 31 Sub Total Non Current Assets 1,432 1,451 Provisions 2 13 Current Assets Deferred Tax Liabilities (net) 73 78 Inventories 2,630 2,624 Sub Total Non Current Liabilities 1,270 1,112 Investments 1 307 Current Liabilities Trade Receivables 471 421 Borrowings 1,093 1,420 Cash and Cash Equivalents 22 53 Trade Payables 1,333 1,011 Other Bank Balances 166 - Other Financial Liabilities 109 49 Loans - 9 Other current Liabilities 3 11 Other Current Assets 86 95 Provisions 23 39 Sub Total Current Assets 3,376 3,509 Sub Total Current Liabilities 2,561 2,530 TOTAL ASSETS 4,808 4,960 TOTAL EQUITY AND LIABILITIES 4,808 4,960

11 | Capital Market Data 240% BCL BSE Sensex 190% 140% 90% 40% -10% Apr/17 May/17 Jun/17 Jul/17 Aug/17 Sep/17 Oct/17 Nov/17 Dec/17 Jan/18 Feb/18 Mar/18 Shareholding Pattern as on 31 st March, Price Data (31 st March - 2018) 2018 Face Value (INR) 10.0 Market Price (INR) 139.45 52 Week H/L (INR) 195.7/61.3 Public Promoter Market Cap (INR Mn) 2,190 44% 56% Equity Shares Outstanding (Mn) 14.15 1 Year Avg. trading volume ('000) 39.3