Title Slide No

Performance Highlights 4

Management’s Message 5

Company Highlights 6

Sector Perspectives 7

Financial Overview 9

Financial Discussion 10

Segmental Overview 11

2

Large Capacities

Focus on Value Maximization

Management expertize

Operational efficiencies

Healthy Balance sheet

Sugarcane crushing capacity at 76,500 TCD, Distillery and Co-generation operations of 320 KLPD and 126 MW (Saleable) respectively

One of the pioneers of Integrated Business Model in India

Stabilizes revenue streams along with providing a hedge against the sugar cycle

Strong management team with years of sugar industry experience

Employ latest technology to achieve highest operational results

Leveraging inter-plant synergies to maximize by-product utilization

One of the strongest balance sheet in the industry

3

Net Revenue grew by 23% to ` 5,778 million

EBITDA stood at ` 1,935 million

Net Profit stood at ` 1,299 million

Diluted EPS at ` 5.32 per share

FY2012 Financial Performance highlights

Q4 FY2012 Financial Performance highlights

Net Revenue at ` 23,096 million

EBITDA at ` 2,382 million

Net Profit at ` 66 million

Diluted EPS at ` 0.27 per share

4

Commenting on the performance for Q4 & FY2012, Mr. Vivek Saraogi, Managing Director, Balrampur Chini Mills Limited, said:

“We ended the year with steady growth in revenues recorded by all business segments due to increased volumes and better realizations. While our allied businesses registered better profitability, sugar segment continued to be under pressure primarily owing to high cane prices.

The latest development involving removal of cap on sugar exports and bringing it under OGL is a positive move for the sector. Given the current surplus situation, exports should enable liquidation of excess inventories from the system which should lead to stability in sugar prices. Going forward, we are hopeful the State Government in Uttar Pradesh will consider implementing progressive policies to help relieve the stressed sugar sector. Furthermore, an expert committee set-up directly by Honorable Prime Minister is earnestly evaluating deregulation of the industry, and we are optimistic that the first phase of decontrol will include removal of levy obligation and release mechanism.

Our integrated business model has been tested for its efficacy in the most challenging period and has proved to be crucial in mitigating the down-turns witnessed in the sugar industry. Going forward, building on the foundation of a solid business model, we remain focused on creating shareholder value through sustained efforts at improving overall operational and financial performance.”

5

The Company registered total cane crushing of 8.5 crore quintal for the sugar season 2011 – 12;

Higher crushing achieved owing to higher cane availability

8.1 lakh tonne sugar produced in the current season

BCML recorded average sugar recovery of 9.54% in the current sugar season – one of the highest in the State of Uttar Pradesh (U.P.)

In January 2012, the Supreme Court ordered payment of differential sugarcane dues in the state of Uttar

Pradesh for the sugar season 2006-07 and 2007-08

Provision for outstanding principal amount of 2007-08 have been made in the Company’s books

amounting to ` 920 million

Payment of towards the same of ` 1150 million for both the sugar season has been made in the

current quarter

6

Central Government steps are pragmatic steps and will improve overall health of the sugar sector

Limit on sugar export volumes removed and brought under open general license (OGL) during the

quarter; domestic sugar price expected to stabilize

High-level expert committee under Dr. C. Rangarajan, Chairman, Prime Minister's Economic Advisory

Council (EAC), set-up to examine de-regulation of the sugar sector – a time-bound program to submit

its recommendation over the next few months

The country’s sugar production for 2011-12 sugar season is estimated to be ~26 million tonne – higher as

compared to the previous year mainly on account of increased availability of cane

Maharashtra and Uttar Pradesh likely to record an output of over 9 million tonne and 7 million tonne

respectively in the current season

Sugar production in India for the sugar season 2012-13 is anticipated to remain steady

Drought like situation in Maharashtra likely to impact production by 10%; other states led by Uttar

Pradesh are likely to compensate for production loss in Maharashtra

7

Cumulative cane arrears across the country for the 2011-12 sugar season is estimated to be over ` 10,000

crore; cane arrears in Uttar Pradesh exceeds ` 4,500 crore

Huge difference between the cost of production of sugar and sales realization the key reason for

arrears build-up

Global sugar prices anticipated to remain subdued due to the current demand-supply scenario

Thailand, China and Russia report significant jump in sugar output

Sugar production in Brazil, the world’s largest exporter of sugar, is expected to remain high – decline of

the Brazilian real against the US dollar making mills in Brazil shift towards sugar than ethanol

Exports from India also impacting sentiments in the international markets

8

Profit & Loss Statement

(` million) Q4 FY2012 Q6 FY2011 % Y-o-Y Growth FY2012

Net Operating Revenue 5,778 4,682 23.4% 23,096

EBITDA 1,935 2,054 (5.8%) 2,382

EBITDA Margin (%) 33.5% 43.8% 10.3%

Depreciation 280 270 3.4% 1,108

Interest 411 333 23.7% 1,474

Profit Before Tax 1,311 1,486 (11.8%) 78

Profit After Tax 1,299 1,128 15.2% 66

Profit After Tax Margin (%) 22.5% 24.1% 0.3%

Diluted EPS (`) 5.32 4.34 0.27

9

Q4 FY2012 Operating overview (Compared with Q6 FY2011)

Interest costs during the quarter stood at ` 411 million as compared to ` 333 million in Q6 FY2011

Combined effect of higher effective base rates and increased working capital requirements during the

crushing season

As on 31 March 2011, BCML’s long-term loan stood at ` 763 crore and working capital was at ` 1221

crore

PAT stood at ` 1,299 million in Q4 FY2012 as compared to ` 1,128 million in Q6FY2011

Profits during the year were impacted on account of provision made for differential sugarcane price for

sugar season 2007-2008 amounting to ` 920 million

10

(` million) Segment

Revenues % contribution

to Revenues PBIT % contribution

to PBIT

Q4 FY2012 5,179 74.5% 803 45.3%

Q6 FY2011 3,926 69.1% 957 49.9%

% Shift 31.9% (16.1%)

FY2012 20,698 82.0% (221) (12.7%)

Sugar sales for the quarter was 15.2 lakh quintals as compared to 11.5 lakh quintals in the

corresponding quarter of the previous year. Sales during the year was 67.2 lakh quintals.

Free sale realizations during the quarter was ` 29 per kg as compared to ` 28.6 per kg in the

corresponding quarter of the previous year. Free sale realizations for the year stood at ` 28.7 per

kg

Landed sugarcane costs during the year stood at ` 252 per quintal as compared to ` 227 during the

previous year

11

1231.51

846.29

491.17 564.24

0

200

400

600

800

1000

1200

1400

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Cane Crushed (Lakh Quintals)

115.47

80.72

46.8755.75

0

20

40

60

80

100

120

140

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Production (Lakh Quintals)

9.38

9.54 9.54

9.88

9.109.209.309.409.509.609.709.809.90

10.00

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Recovery (%)

*FY 2011 was for a period of 18 months

29.70

28.7428.61

29.02

28.00

28.50

29.00

29.50

30.00

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Avg. Realization – Free Sugar (` per kg)

12

RS and ENA volumes stood at 11,062.5 KL Q4 FY2012 as compared to 10,899.0 KL in Q6 FY2011;

blended realizations for RS and ENA improved to ` 26.48 per BL as compared to ` 25.54 per BL in

the corresponding quarter of the previous year

RS and ENA volumes for the year stood at 36,989.2 KL; blended realizations for RS and ENA were at

` 26.55 per BL

Ethanol sales in Q4 FY2012 was 5778 KL as compared to 8043 KL in the corresponding quarter last

year; average realizations stood at ` 27 per BL

(` million) Segment

Revenues % contribution

to Revenues PBIT % contribution

to PBIT

Q4 FY2012 453 6.5% 218 12.3%

Q6 FY2011 507 8.9% 204 10.6%

% Shift (10.6%) 7.4%

FY2012 1,477 5.9% 538 31.0%

13

70859.5

55785.0

24073.5 24654.0

0

10000

20000

30000

40000

50000

60000

70000

80000

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Production (KL)

63179.3

54717.2

18942.0 16840.5

0

10000

20000

30000

40000

50000

60000

70000

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Total Sales (KL)

25.10

26.70

26.16

26.66

24.00

24.50

25.00

25.50

26.00

26.50

27.00

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Blended Realizations (` per BL)

*FY 2011 was for a period of 18 months

14160.4

16531.3

11096.4

7921.3

0

5000

10000

15000

20000

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Ethanol production (KL)

14

(` million) Segment

Revenues % contribution

to Revenues PBIT % contribution

to PBIT

Q4 FY2012 1,309 18.8% 751 42.4%

Q6 FY2011 1,243 21.9% 754 39.3%

% Shift 5.3% (0.4%)

FY2012 3,030 12.0% 1,421 81.9%

Sales for the quarter stood at 2208.7 lakh units as compared to 2181.4 lakh units in the

corresponding quarter

Contribution of the co-generation segment has been vital for the Company especially in a

challenging sugar sector environment

15

10159.6

7393.0

3293.3 3435.6

0

2000

4000

6000

8000

10000

12000

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Total Power Generation (Lakh units)

7110.8

5268.0

2181.4 2208.7

0.0

1000.0

2000.0

3000.0

4000.0

5000.0

6000.0

7000.0

8000.0

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Total Power sales (Lakh units)

*FY 2011 was for a period of 18 months

3.99

4.02 4.02

3.93

3.85

3.90

3.95

4.00

4.05

FY 2011 FY 2012 Q6 FY2011 Q4 FY2012

Realization from Bagasse Based Sales(` per

unit)

16

About Balrampur Chini Mills Limited

Balrampur Chini Mills Limited (BCML) is one of the largest integrated sugar companies in India. The allied businesses of the Company comprise distillery operations, cogeneration of power and manufacturing of bio-compost. The Company presently has ten sugar factories located in Uttar Pradesh (India) having an aggregate sugarcane crushing capacity of 76,500 TCD, distillery and co-generation operations of 320 KLPD and 126 MW (Saleable) respectively. BCML is one of the most efficient integrated sugar producers in the country. The Company has grown its capacity by well-planned capacity expansion projects and the acquisition of existing companies over the years. For more information on the Company, please log on to www.chini.com.

For further information contact: Kishor Shah Balrampur Chini Mills Limited Tel: +91 33 2287 4749 Fax: +91 33 2287 3083 Email: kishor.shah@bcml.in

Anoop Poojari / Dipti Yadava Citigate Dewe Rogerson Tel: +91 22 6645 1211 / 1218 Fax: +91 22 6645 1213 Email: anoop@cdr-india.com / dipti@cdr-india.com

http://www.chini.com/http://www.chini.com/http://www.chini.com/http://www.chini.com/http://www.chini.com/