1. Earnings Release for the Quarter Ended 30th Sep, 2013
30h October, 2013

2. Presentation Plan Corporate Highlights Financial Results
Sugar Industry Highlights
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3. Corporate Highlights

4. Key Highlights Q2 FY 2013-14Integrated Business Model
Net Revenue grew by 1% on YoY basis, to ₹ 216 crore against ₹ 213 crore in Q2 FY13.
EBIDTA down by -236% on YoY basis, at ₹ -26 crore as against ₹ 19 crore in corresponding period previous year.
EBITDA is negative on account of lower sugar realization.
There is fall in sugar sales volume by -4% on YOY basis, to MT against 59,542 MT in Q2 FY13.
India may export 1 million to 3 million tonnes of sugar in from 0.35 million tonnes in
Sugar cane acreage may increased to 5050 thousands hectares in SY from 4415 thousands hectares in SY
Q2 FY Integrated Business Model
Main Growth Drivers

5. Financial Results

6. Q2 FY14 - Results Highlights
Net Sales : Rs 216 cr ­ % YoY Rs 213 cr ­
Total Income : Rs 216 cr ­ % YoY Rs 215 cr ­
Income Q2 FY Q2 FY13
EBITDA : Rs (-26) cr (-236)% YoY Rs 19 cr
Net Profit : Rs (-51) cr (-93) % YoY Rs (-4) cr­
Profit Q2 FY Q2 FY13
There is a fall of 9% in sales realization compared to same quarter last year.

7. Q2 FY14 Results – Business wise
Note: Sugar segment includes Cogen & Distillery; Others include Windfarm, Magnesite, etc..
Average Sugar Realization for the quarter at Rs. 30,222/MT , decrease of -4% on YoY basis.
Fall in Sugar sales volume by -4% on YoY basis at MT during the quarter.

8. Q2 FY14 Business Mix Total Revenue Mix Total EBITDA Mix
Integrated Sugar Rs cr
Integrated Sugar (-28) cr
Others Rs 8.82 cr
Others 2.32 cr
Integrated Sugar Business contributed about 109% and (-9)% by Other Business segments to the overall EBITDA mix
Sugar segment includes Cogen & Distillery; Others include Windfarm, Magnesite, etc

9. Balance Sheet as at September 2013

10. Integrated Sugar Metrics

11. Sugar Industry Overview

12. Sugar Demand - Supply Situation in India Sugar Prices Rs./Kg (Ex-Mill)
Particulars
(E)
(P)
Opening Stock as on 1st Oct.
113
116 85 48 36 92
100 44 50 55 65
Production during the Season
201
140
127
193
283
263
148
189
244
248
Imports 4 21 - 25 41  6
Total Availability
315
260
233
241
320
356
273
274
294
318
319
Off-take:
I) Internal Consumption
184
173
185
210
225
227
213
208
220
230
ii)Exports 15 2 11 17 26 33
Total Off take
199
175
196
275
229
216
234
253
Closing Stock as on 30th Sept. 45 93 81 58 60 89
Stock as % of Off take
63%
49%
26%
24%
44%
36%
19%
27%
29%
30%
39%
Sugar Prices Rs./Kg (Ex-Mill) 13 16 14 29 28 30 31
International Sugar Prices Rs./Kg CNF Indian Port 10 12 18 20 27 32
Due to the estimates of decreased sugar production in the current sugar season, Sugar prices are expected to remain stable.

13. Free Spot Sugar Pricing
Source: NCDEX, Spot Prices M- Grade Sugar, Kanpur Market
In Oct 2012, sugar prices stood at Rs 37.5/kg, downward pressure on prices was witnessed due to dispensing of release mechanism and levy sugar abolition, wherein sugar prices gradually dropped and closed in Sept’13 quarter at Rs 33/kg.

14. Global Sugar Scenario Source: International Sugar Organization.
ISO in its May forecast has revised its world surplus to 9.98 million MT due to higher production hopes in Brazil, Mexico and, in particular, Thailand.

15. Regulatory Updates Sugar Industry
India may export 1 million  to 3 million tonnes of sugar in to ease excess supply and tap rising demand from the middle east and Indonesia.
Last year, in sugar exports were 0.35 million tonnes.
ISMA has pegged sugar production in at 25 million tonnes as against the annual demand of 23.5 million tonnes.
Last year, the country produced 25.1 million tonnes of sugar and imported 0.75 million tonnes. The demand was about 23 million tonnes .
CARE Research estimates that the sugar consumption will reach at a level of 23.3 mn tonnes in SY from 22.7 mn tonnes in SY
In SY , the average wholesale sugar price is expected to be about Rs 34 per kg from Rs 22.9 per kg in SY Higher sugarcane cost due to almost 24% rise in FRP of sugarcane  to Rs 210 per quintal for  SY will also lead to rise in sugar prices.
Sugar cane acreage may increased to 5050 thousands hectares in SY from 4415 thousands hectares in SY
Sugar Industry

16. thankyou

17. Investor Relations Contact:
For more information about Dalmia Group, please visit our website or contact us.
Himmi Gupta Pavleen Taneja
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