ruchi soya industries limited corporate presentation
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© Nomura International plc
Ruchi Soya Industries Limited
Corporate Presentation
DisclaimerBy attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell anysecurities of Ruchi Soya Industries Limited (the "Company“ or “Ruchi Soya”), nor shall part, or all, of this document form the basis of, or be relied on in connection with, anycontract or investment decision in relation to any securities of the Company. • This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by anymedium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change withoutnotice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. • This document contains statements about future events and expectations that are forward-looking statements. These statements typicallycontain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement ofhistorical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause ouractual results, performance or achievements to be materially different from any future results, performance or achievements expressed orimplied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should betaken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on whichsuch future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions,fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actualresults, changes in assumptions or changes in factors affecting these statements. • You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and thatyou will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business ofthe Company. • This document speaks as of March 31, 2012. Neither the delivery of this document nor any further discussions of the Company with any of therecipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date
Page 2
Overview
INDEX Slide No.
Overview of Ruchi Soya 4
Key Highlights 8
Global & Domestic Industry Scenario 9
Integrated Operations 12
Brand Offerings 13
Management 16
Business Strategy 18
Financials 21 Page 4
Oils64%
Extractions28%
Vanaspati3%
Food products1%
Others4%
26 33 39 52 4876 91
117 127 144184
306
0
50
100
150
200
250
300
350
FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
Overview of Ruchi Soya
Company Profile One of the leading manufacturers of high quality edible oils, vanaspati,
bakery fats and soya foods in India- Consolidated Annual turnover of over US$ 5.9 Bn(1)(2) in FY12
Among the top Indian FMCG players- Branded portfolio including Nutrela, Ruchi Gold, Sunrich and
Mahakosh Present across the value chain with access to over 185,000 hectares of
land in India for palm oil plantations Listed on BSE (500368) & NSE (RUCHISOYA) Ongoing discussions for securing land for soya / palm plantation in
geographies including Ethiopia and Cambodia and other geographies
Growing Sales (2)
Capacity growth
0.6 0.62.9
4.0 4.1
0.1 0.3
2.12.3 2.9
0.1 0.1
0.5
0.50.5
0.01.02.03.04.05.06.07.08.0
1998 2002 2008 2011 2012Crushing Refining Vanaspati
Revenue mix (FY12)
Page 5
Crushing: CAGR 1998-2012: 15%Refining: CAGR 1998-2012: 24%Vanaspati: CAGR 1998-2012: 17%
Revenues (INR Bn)
(1) Assuming INR/USD of 51.15(2) On the basis of consolidated financials.
(Mn MT/Yr)
Page 6
Edible oil segment
1. Standalone sales of edible oil segment of Ruchi Soya Industries Ltd.; excludes the sales for captive consumption2. Market share estimated based on edible oil sales of Ruchi Soya and Industry edible oil consumption based on USDA FAS dataP - provisional
The Company has a strong position in the edible oil segment with an estimated market share of ~18%. The company has attained leadership position in ROCP category with market share of ~ 15.5%, the company has also witnessed growth over the last 3-4 years in the institutional segment, which caters to institutional customers like, Parle, Britannia Industries, Cadbury India, Nestle India, Lotte India, Bunge India, and ITC
1,243
1,535 1,598
2,380 2,398
3,074
0
500
1,000
1,500
2,000
2,500
3,000
3,500
FY07 FY08 FY09 FY10 FY11 FY12
10.5%11.8%
11.0%
15.0%14.0%
18.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
FY07 FY08 FY09 FY10 FY 11 FY12
Ruchi Soya edible oil sales(1)
Ruchi soya edible oil segment: CAGR FY07–FY12: 20%
Indian edible oil: CAGR FY07–FY12: 7%
(000’MT) FY07 FY08 FY09 FY10 FY 11 (P) FY12 (P)Industry edible oil consumption 11,807 12,970 14,559 15,853 16,862 16932
000’MT %
Ruchi Soya edible oil market share(2)
Source: USDA FAS
Evolution of Ruchi Soya
Page 7
Expansion of extraction and refining capacity
Focus on branded products
Increased port based refining
Focus on developing upstream business
Secure access to 185,000 ha of palm plantation in India
Major refining capacity expansion in 2012
Efforts to secure international land bank access
underway
Primary focus on inland crushing
High proportion of revenue from trading activities
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 20120
50000
100000
150000
200000
250000
300000
350000
0
0.5
1
1.5
2
2.5
3
3.5
Refining Capacity
Revenue
Years
Reve
nue
(INR
Mn)
Refining Capacity (Mn M
TPA)
2006: International Equity Offering (GDR) of ~US$60Mn
Consolidation of group com-panies, through scheme of amalgamation, leading to increase in to-
tal capacity of the Com-pany
Acquisition of companies Mac Oil & Palm-Tech,
through scheme of amalga-mation, leading to increase in access to 184000 Ha of land in India for Palm Oil Planta-tions.
Consolidated revenues (INR Mn)
(Mn MTPA)
(INR Mn)
Revenue CAGR 2001- 2012: 25%
Key Highlights
Key Highlights
Favourable Industry
Dynamics
Scale & Extensive Distribution
Reach in India
Strong Brands in India
Strong Risk Management
Experienced Management
Page 9
Fully Integrated Operations
Strong Market Position in Edible
Oils in India
43% 17% 14% 9% 7% 5% 4%
Palm SoyabeanRapeseed PeanutCottonseed Sunflower seed
Other
Global Industry Overview
World Edible Oil Consumption (FY12) World Edible Oil Production (FY12)
India is a leading consumer of edible oil with high growth expectation
Palm and Soyabean oil constitute ~61% of the Global Edible Oil Demand
Page 10Source: Global Edible Oil Demand as per USDA FAS
Source: USDA FAS
Source: USDA FAS
Indonesia
37 41 44 45 47 49
36 38 36 38 41 4217 18 20 22 23 2411 10 12 11 11 1320 21 21 21 23 23
020406080
100120140160
FY07 FY08 FY09 FY10 FY11 FY12
(MnT)
Palm oil Soyabean oil Rapeseed oil Sunflowerseed oil Others
FY07-FY12 CAGR
Argentina
6%
3%
7%
3%
3%
Indonesia19%
Malaysia13%
China13%Europe
11%
United States
7%
Argentina6%
India5%
Other26%
Brazil; 4%
China; 19%
Argentina, 2%
Europe; 17%
India; 11%US; 9%
Others; 38%
India Edible Oil Industry: High growth potential
Indian Edible oil demand being substantially met by imports as domestic production has lagged
Oil Consumption growing inline with growth in population …
…getting turbo charged by growing per capita income
Edible oils have a significant share in Indian agricultural imports
Source: USDA FAS Page 11
Source: USDA FAS, IMF
Source: USDA FAS
Significant growth in per capita consumption can be expected as Indian per capita GDP continues to grow
Source: USDA FAS, IMF
Edible Oil43%
Wood Products
16%
Pulses16%
Cashew Nuts7%
Fruits & Nuts6%
Cotton5%
Others7%
Robust growth in consumption of edible oil .... Rising deficit with domestic production not being able to keep pace
6 7 6 7 7 6 7 8
5 5 5 6 8 99
9
0
4
8
12
16
20
FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
MnT
India ProductionIndia Imports
CAGR Imports: 9%CAGR Production : 4%
467
481
549
630
729
807
1,009
1,081
1,0681,342
1,3891,455
0
2
4
6
8
10
12
14
16
0
200
400
600
800
1,000
1,200
1,400
1,600
(Kg / year)
GDP / capita Per capita consumption
US$
1,0431,060
1,078
1,096
1,113
1,131
1,148
1,165
1,182
1,199
1,216 1,258
0
5
10
15
20
0200400600800
1,0001,2001,400
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Mn MT
Population Total oil consumption
Mn
Source: USDA FAS, IMF
India Pakistan China Brazil Russia Mexico Indonesia0.002.505.007.50
10.0012.5015.0017.5020.0022.5025.0027.5030.0032.5035.0037.50
2008-09 2009-10 2010-11 2011-12
Per
capi
ta e
dibl
e oi
l con
sum
ptio
n
947 1,054 1,038 1,060 1,116 1,214
3,6715,075
6,230 6,440 7,080 7,3801,433
1,582
1,455 1,3201,325
1,365
2,133
1,967
2,099 2,0762,300
2,395
2,500
2,330
2,300 2,7752,600
2,745
600
398
731910
9271180
523
574
655659
655653
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
FY07 FY08 FY09 FY10 FY11 FY12Cottonseed Palm Peanut Rapeseed Soybean Sunflowerseed Other
India Edible Oil Industry: High growth potential (Cont’d)
India Edible Oil Imports
Page 12Source: USDA FAS (Office of Global Analysis) as at July ‘12
India Edible Oil Consumption
Palm oil consumption in India has seen significant growth, and is primarily met through imports, leaving significant room for growth in domestic production
Source: USDA FAS (Office of Global Analysis) as at July ‘12
11,807
5,440
5,917
7%
15%
FY07-FY12 CAGR
14%
19%
FY07-FY12 CAGR
12,970
14,559 15,853
16,86216279
FY07 FY08 FY09 FY10 FY11 FY120
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
3,650
5,013
6,867 6,603 6,6617,250
1447
733
1060 1598945
900
203
18
583611
776
1000
140
143
278259
200
263
Palm Soybean Sunflowerseed Other
11,807
54405907
87889071
8582
940312%
15%
Fully Integrated OperationsHealthy mix of midstream and downstream, and well on its way to develop an upstream business
Origination– Palm plantations across Andhra
Pradesh, Karnataka, Mizoram, Gujarat, Orissa and Tamil Nadu
– Exclusive access to total agricultural land of 185,000 hectares
Processing– Daily capacity (MT)(2012):
– Crushing:13,400– Crude Oil: 2,465– Soya Meal: 10,967– Refining: 9567– Vanaspati & bakery fats:
1,567– Textured soya protein: 567– Edible soya flour: 200– Wind Power Generation:
85.3 Mw
Products– Key products
– Edible oil– Seed extractions, – Vanaspati – Food productions
– Key brands include Nutrela, Ruchi Gold, Ruchi Star, Sunrich and Mahakosh
Merchandising and distribution– 110 company depots through
India with storage and logistical facilities
– Pan India distribution network covering 6,208 distributors reaching 586,500 retail outlets
Origination CustomerProcessing ProductsMerchandising
and distribution
Finance / Risk management / Logistics coordination
Information flows / Visibility across value chain
Page 13
23
32
37
33
39
55
0
10
20
30
40
50
60
FY07 FY08 FY09 FY10 FY11 FY12
INRBn
Nutrela – Food products/ Refined Oils (Soyabean, Groundnut, Cottonseed, Sunflower , Mustard , Ricebran)
Nutri Gold – Vanaspati
Mahakosh – Refined Oils (Soyabean, Groundnut, Cottonseed and Ricebran) & Vanaspati
Sunrich – Refined Sunflower Oil
Ruchi Gold – Refined Oils (Mustard and Palmolein)
Ruchi Star – Refined Soyabean Oil
Ruchi No. 1 – Vanaspati
Strong Brands in India
Prem
ium
Page 14
Track record of successfully creating brands in a highly commoditized industry
Key Brands Branded Sales
Valu
eM
ass
5 Year CAGR of 19 %
Scale & Extensive Distribution Reach in India
Pan India Presence
CitiesActivity Access
to PortsCrushing Refining Vanaspati Soyafood
1 Jammu 2 Ganganagar 3 Baran 4 Kota 5 Guna 6 Kandla 7 Shujalpur 8 Piparia 9 Gadarwara 10 Haldia 11 Manglia 12 Nagpur 13 Washim 14 Daloda 15 Patalganga 16 Mangalore 17 Chennai 18 Kakinada (A.P) palm mill 19 Vijaywada (A.P) palm mill
Page 15
Manufacturing facilities across 19 locations in India, giving access to markets across India
110 company depots (with storage and other logistical facilities) which serve 6,208 distributors across the country reaching 5,86,500 retail outlets.
All refining plants located near ports, providing easier access to imported edible oil
Distribution through pipes at ports saves transport cost and time Inland crushing plants located in key soya bean and mustard
producing statesCrushing in Soya bowl of India
Proximity to Ports
Pan India Footprint
Strategically located facilities striking the right balance between proximity to raw materials (cultivating states and ports) and proximity to markets, with an aggregate daily crushing capacity of 13,400 MT of oilseeds and aggregate refining capacity of 9567 MT of oil
2
3
16
1718
11
6 1314
12
4
7
15
10
8
9
Depot
Plant location
Office
Jammu
ParwanooDamtal
Dehradun
AmritsarRajpura
ChandigarhLudhiana
Bhatinda RoorkeeKarnal Meerut
BarellySaharanpur
Gurgaon Delhi
HapurKanpur Agra Allahabad
Gorakhpur Guwahati
PatnaDhanbad
RaniganjSiliguri
HaldiaKolkata
Ranchi
JeyporeSambalpur
Cuttack
Gwalior
Gaderwada
Raipur
BilaspurNagpur
Warangal
BerhampurVijaywada
HyderabadVizag
Ongole
KakinadaTirupathiKurnool
GulbargaDavangere
Guna
Piparia
Shujalpur
Manglia
Indore
SriganganagarJaipur
JodhpurSumerpur
Baran
Kota
Udaipur
Kandla
Ahmedabad
Nashik
PuneMumbai
BhiwandiPatalganga
BelgaumGoa
Manglore
ShimogaBanglore
Kumbakonam
Chennai
Mysore
Hassan
Kasargod
Cochin
Palghat
Calicut
Trichy
Pondicherry
Vellore
Madurai
Villupuram
Erode
Salem
Bellary
Bijapur
Hubi
Varanasi
Rewari
Coimbatore
Manufacturing locations
Note: Distribution network as of March 2011 ;
Highlights19
1
Washim
Daloda
5
730 914 938 1,114 1,2492,391
3,034
4,385
2,905
4,443
7,173
10,080
01,5003,0004,5006,0007,5009,000
10,50012,000
FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
Strong Risk Management
Page 16
Source: IMFRapeseed refers to - Rapeseed Oil; Crude, fob RotterdamSoya refers to - Soybean Oil, Chicago Soybean Oil Futures (first contract forward) exchange approved grades, US$ per metric tonnePalm refers to - Palm oil, Malaysia Palm Oil Futures (first contract forward) 4-5 percent FFA, US$ per metric tonne
The company has effectively maintained revenue growth and profitability in spite of the volatility of commodity cycles, over the last decade
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
Jan
-02
May
-02
Sep
-02
Jan
-03
May
-03
Sep
-03
Jan
-04
May
-04
Sep
-04
Jan
-05
May
-05
Sep
-05
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Mar
-11
Jul-
11N
ov-1
1M
ar-1
2
(US$ / MnT)
Rapeseed Soya Palm
Consolidated EBITDA (INR Mn)
26 33 39 52 4876 91
117 127144
184
306
0
50
100
150
200
250
300
350
FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
Consolidated Revenues (INR Bn)
Experienced Management Experienced management team with over four decades of industry experience Credited with the growth and development of the soya and soya processing industry in India Key members have served or are currently serving as officers of various industry bodies, recognizing their standing in sector
Managing Director of Ruchi Soya Industries Ltd. since 1986 Over 32 years of experience in the soya and edible oil industry Also serves as a Non Executive Director of Ruchi Infrastructure Ltd. Mr. Shahra holds a degree of Bachelors in Chemical Engineering
Responsible for operations in all the port based refineries Over 19 years of experience in the relevant operations, including in Ruchi Soya since 2006 Mr. Shahra holds a degree of Bachelors in Commerce and Masters in Business Administration
Joined Ruchi Soya Industries in 2009 Previous experience includes 16 years in Asian Paints (holding positions including, Regional Head-
S.Pacific, China & Hongkong and CEO for Bangladesh and Dubai) and 4 years in ITC Ltd. (Agri Business)
Core Management Team
Source: Company.
Over 26 years of experience, including ~18 years in Ruchi Soya Responsible for Finance and Treasury operations Qualified chartered accountant, cost accountant and company secretary
Mr. Dinesh ShahraManaging Director
Mr. Nitesh ShahraPresident, Refinery Business
Mr. V. Suresh KumarHead, Corporate Finance
Mr. RV RamanujamChief Operating Officer
Page 17
Strong Market Position in Edible Oils in IndiaAmong the oldest and most established edible oil players in India
Market Position in India(1)
Select Awards Received
Page 18
National energy conservation awards
Edible oil / Vanaspati
Globoil gold & Other awards
Management awards Ruchi soya awards
No.1 M.D. for 2010 by Business World
- Dinesh Shahra
Globoil man of the year 2010 - Nitesh Shahra
Globoil man of the decade award in the year 2006- Dinesh Shahra
Legend of the year 2003
- Kailash Shahra
Highest exporter of oil meals
(2011/10/ 09 / 07 / 06 / 04 / 03 / 00 /
99 / 98)
Highest importer of edible oil
(2011/10/ 09 / 07 / 06 / 03 / 98)
“Best Wind Farm in India” (>2Mw)
at Intl. Wind Energy Conference.
Outstanding Performance for a
decade in Import of edible oil (09)
Outstanding Performance for a
decade in Export of oil meal (09)
1st
1st
Chennai Plant (2008)
Chennai Plant (2007)2nd
2nd
Among the leading importers of edible oil Among the leading exporters of meal/oil seed extracts
Exports/Imports
Among the largest capacities Crushing capacity (13,400 MT/day) Refinery capacity (9567 MT/day)
Access to one of the largest palm oil plantations in India
Capacity
One of the leading Indian Edible oil players in terms of Volumes Very strong position in Palmolein Oil Extensive portfolio of brand sales in edible oil segment
Branded Products
1stGujarat plant (2008)
1st
(1) Based on company estimates
Awards to the Company Largest Food & Agriculture Company in India – Fortune India 2010
& 2011. One of the only two Indian Companies featured in the “World's 50
fastest growing consumer firms” during the June 2009-June 2010 period.
Ranked “20th fastest growing consumer companies” across the globe during June 2009-10 – Deloitte Nagpur Plant (2011)2nd
Karnataka Plant (2009)
Business Strategy
Expansion into upstream business in order to enhance margins as well as secure supply chain. Improving ability to source raw materials required from multiple sources in a timely and cost effective manner, with reduced
dependence on third parties. In FY2010, the Company acquired 2 entities with exclusive rights to cultivate palm plantations in two of the key palm
producing states in India. The Company entered into MoU with State governments securing access to a portion of the palm fruit produce at certain
plantations.
Sustained expansion in capacity to meet the growing demand of Edible oil in India, in addition to helping the Company realize efficiencies and economies of scale.
Focus on maintaining leadership position in the branded edible oils segment in India. Increase of sales and marketing efforts in regions where the Company does not have a strong presence, particularly towns
with population less than 50,000. Increased focus on R&D activities on expanding product range.
New health-focused product development to be marketed under the “Nutrela” brand. Focus on bakery shortening business along with leveraging the opportunities available in mustard branded sales ,
palm and soya products.
Diversify geographic footprint, and enhance scale and reach of operations. Explore opportunities to produce and sell edible oil in other emerging markets. Ongoing discussions for securing land for soya / palm plantation in geographies including Ethiopia and Cambodia and other
geographies.
Backward Integration
Page 19
Expansion & Consolidation of installed capacity
Greater focus on branded portfolio
Increasing Global Presence
Appendices
Market and Ownership OverviewTop Holders (1) Shareholding Pattern (1)
Indexed Stock Price Performance - 5 yearsEquity Capital Face Value @ INR 2
INR 667Mn
Closing Price(3) INR 90.85
52 Week – High – LowINR 128.90 (H)INR 80.05 (L)
No. of shares outstanding (Mn) 332.52
Market Capitalization(2)(3) INR 30.28 Bn (US$ 592 Mn)
1. Source: Company filings
Capital Market Data
Page 21
158%
08/200508/200509/200509/200509/200509/200509/200509/200509/200510/200510/200510/200510/200510/200510/200510/200511/200511/200511/200511/200511/200511/200511/200512/200512/200512/200512/200512/200512/200512/200501/200601/200601/200601/200601/200601/200601/200602/200602/200602/200602/200602/200602/200603/200603/200603/200603/200603/200603/200603/200604/200604/200604/200604/200604/200604/200605/200605/200605/200605/200605/200605/200605/200605/200606/200606/200606/200606/200606/200606/200606/200607/200607/200607/200607/200607/200607/200607/200608/200608/200608/200608/200608/200608/200608/200608/200609/200609/200609/200609/200609/200609/200609/200610/200610/200610/200610/200610/200610/200611/200611/200611/200611/200611/200611/200611/200611/200612/200612/200612/200612/200612/200612/200601/200701/200701/200701/200701/200701/200701/200702/200702/200702/200702/200702/200702/200703/200703/200703/200703/200703/200703/200703/200704/200704/200704/200704/200704/200704/200704/200705/200705/200705/200705/200705/200705/200705/200706/200706/200706/200706/200706/200706/200706/200707/200707/200707/200707/200707/200707/200707/200708/200708/200708/200708/200708/200708/200708/200708/200709/200709/200709/200709/200709/200709/200710/200710/200710/200710/200710/200710/200710/200710/200711/200711/200711/200711/200711/200711/200711/200712/200712/200712/200712/200712/200712/200701/200801/200801/200801/200801/200801/200801/200801/200802/200802/200802/200802/200802/200802/200802/200803/200803/200803/200803/200803/200803/200804/200804/200804/200804/200804/200804/200804/200805/200805/200805/200805/200805/200805/200806/200806/200806/200806/200806/200806/200806/200807/200807/200807/200807/200807/200807/200807/200807/200808/200808/200808/200808/200808/200808/200808/200809/200809/200809/200809/200809/200809/200809/200810/200810/200810/200810/200810/200810/200811/200811/200811/200811/200811/200811/200812/200812/200812/200812/200812/200812/200812/200801/200901/200901/200901/200901/200901/200901/200902/200902/200902/200902/200902/200902/200903/200903/200903/200903/200903/200903/200903/200904/200904/200904/200904/200904/200904/200905/200905/200905/200905/200905/200905/200906/200906/200906/200906/200906/200906/200906/200906/200907/200907/200907/200907/200907/200907/200907/200908/200908/200908/200908/200908/200908/200908/200909/200909/200909/200909/200909/200909/200909/200910/200910/200910/200910/200910/200910/200910/200911/200911/200911/200911/200911/200911/200912/200912/200912/200912/200912/200912/200912/200901/201001/201001/201001/201001/201001/201001/201002/201002/201002/201002/201002/201002/201003/201003/201003/201003/201003/201003/201003/201004/201004/201004/201004/201004/201004/201004/201005/201005/201005/201005/201005/201005/201005/201006/201006/201006/201006/201006/201006/201006/201007/201007/201007/201007/201007/201007/201007/201007/201008/201008/201008/201008/201008/201008/201008/201009/201009/201009/201009/201009/201009/20100
50
100
150
200
250
300
350
Ruchi Soya
Indexed
Ruchi Soya Industries Limited Detail of other then Promoters shareholders holding more then 1% Sr. No
Name of the shareholderas on 31.03.2012
no. of shares % of holding
1 VS Net Ltd. 21973459 6.592 Sawit Plantations PTE Ltd. 19612913 5.883 Cresta Fund Ltd. 15003994 4.504 Albula Investment Fund Ltd. 14408754 4.325 Aiwo Ltd. 11100000 3.336 Elara India opportunities Fund ltd 9776795 2.937 Merdale Investment Co. Ltd. 4249645 1.278 Clemfield Industries Ltd. 4001080 1.20
Total 100126640 30.04
Promoter54%Non
institutional29%
FII17%
Summary Financials – ConsolidatedINR Mn FY 12 # FY 11 # FY10 FY09 FY08 FY07
Consolidated Profit and Loss statement
Total Revenue 306,125 183,729 143,943 127,423 117,202 90,695
EBITDA 10,080 7,173 4,443 2,905 4,385 3,034
PBT 1,957 3,381 2,809 1,572 2,639 1,610
PAT 869 2,252 1,749 975 1,658 1,036
Consolidated Balance Sheet
Net Fixed Assets Incl. CWIP 27,375 24,165 20,942 14,137 12,017 10,780
Current Assets, Loans and Advances 116,403 84,951 57,709 49,951 51,369 32,185
Current Liabilities and Provisions 111,974 79,401 34,148 32,739 31,817 17,358
Loans 62,185(*) 45,124(*) 24,561 18,515 19,898 16,091
Share Capital 687 685 (2) 825 (2) 1,055 1,054 817
Reserves and Surplus 21,553 21,393 18,638(3) 11,005 10,199 8,219
Page 22
Source: Company filings(* ) Including short term loans of INR 30991 Mn, (FY12) & INR 17616Mn (FY11) which are guaranteed by banks against fixed deposits in the banks(#) Figures are as per the revised schedule VI requirements.
1.Share capital takes into account redemption of preference shares capital in FY 10 , conversion of share warrants and share capital suspense on amalgamation into equity shares in FY 11.2.Includes increase on account of revaluation of fixed assets pursuant to scheme of amalgamation
90117 127 144
184
306
04080
120160200240280320360
FY07 FY08 FY09 FY10 FY11 FY12
INR Bn
Summary Financials - Consolidated
Source: Company Filings1. Net Worth takes into account the redemption of preference shares and revaluation of fixed assets pursuant to scheme of amalgamation.2. # Figures as per the revised schedule VI requirements. Page 23
Revenues EBITDA
Net Worth(1) Total Assets
3.04.4
2.94.4
7.2
10.1
0123456789
1011
FY07 FY08 FY09 FY10 FY11# FY12#
5 year CAGR of 28%
INR Bn
4364 65
80
111
146
020406080
100120140160
FY07 FY08 FY09 FY10 FY11 FY12
INR Bn
5 year CAGR of 28%
911 12
1922 22
0
10
20
30
FY07 FY08 FY09 FY10 FY11 FY12
INR Bn
5 year CAGR of 20%
5 year CAGR of 27%
Process Flow Diagram
Soybean extraction plant
Page 24
Beans
Full Flat Flakes
Refined Soya Oil
Vanaspati
Cleaning, Cracking, Dehulling, Conditioning, Flaking
Defatted Soya Flakes
Oil Extraction
Soya Flour
Grinding
Textured Soya Protein
Extrusion
Soya Meal
Toasting
Grinding/Grading
Hydrogenation
Crude Soyabean oil
Refining
Abbreviations
Page 25
Abbreviations Used Description
FY Financial Year
Mn Million
Bn Billion
yr Year
MT Metric Tonnes
MTPA Metric Tonnes per annum
BSE Bombay Stock Exchange
NSE National Stock Exchange
INR Indian Rupee
US$ United States Dollar
USDA FAS United States Department of Agriculture Foreign Agricultural Service
IMF International Monetary Fund
THANK YOU!
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