DWARIKESH SUGAR INDUSTRIES LIMITED

Corp. off.; 511, Maker Chambers V, 221, Nariman Point, Mumbai – 400021. Tel.: 2283 2486, 2204 2945, Fax : 2204 7288 E Mail : [email protected] Website : www.dwarikesh.com, CIN : L15421UP1993PLC018642

REF: DSIL/2021-22/038 May 13, 2021

Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Fax: 22723 2082 /3132

National Stock Exchange of India Limited "Exchange Plaza" Bandra – Kurla Complex, Bandra [E], Mumbai - 400 051

Scrip Code - 532610 Scrip Code – DWARKESH

Sub: Disclosure under regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Investor Presentation

Dear Sir,

Pursuant to Regulation 30 - Schedule III - Part A - Item no.15 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we are enclosing herewith Investor Presentation for quarter and year ended March 31, 2021 for the purpose of making disclosures under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 to the stock exchange(s).

Kindly take the same on record.

Yours faithfully, BALKISHAN JAWARILAL MAHESHWARI Digitally signed by BALKISHAN JAWARILAL MAHESHWARI Date: 2021.05.13 09:42:15 +05'30'

B. J. Maheshwari Managing Director & CS cum CCO DIN: 00002075

Encl: as above

Dwarikesh Sugar Industries Limited Investor Update- Q4FY21

Safe Harbour Statement

This presentation and the accompanying slides (the "Presentation"), which have been prepared by Dwarikesh Sugar Industries Ltd (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

This presentation contains certain forward looking statements concerning the Company's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost overruns on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.

Q4FY21 Earnings Call

Business Overview

At a Glance

3 Plants located in UP-India's largest sugar producing state
2 Plants located in Bijnor District– a District with focused concentration on cane production on highly fertile & well-irrigated land
Plant at Bareilly the low-lying Ganges plains district with fertile alluvial soil
Access to large, clearly defined cane-producing areas in the region
All the three plants are well connected with major sugar consuming markets of the country, the Bareilly plant being located on the National Highway itself

Capacity	DwarikeshNagar	DwarikeshPuram	DwarikeshDham	Aggregate
Sugar (TCD)	6,500	7,500	7,500	21,500
Cogeneration(MW)	22	33	36	91(Surplus: c.56)
Distillery (LPD)	1,30,000	-	-	1,30,000

Note: TCD stands for tonnes of cane per day, MW stands for Megawatts, LPD stands for litres per day; SS stands for Sugar Season defined as 12 months period ending September 30 of the particular year;

Operations Overview

Key Management Personnel

Mr. G. R. Morarka

Founder and Promoter
Executive Chairman
Commerce graduate & ICWA Inter
Received 'Indira Gandhi Priyadarshini Award for Management', 'Bhamasha Award', 'Indira Gandhi Sadbhavna Award' & 'Swami Krishnanad Saraswati Purashkar'

Mr. Vijay S. Banka

● Managing Director

Chartered Accountant
Associated with the company since 2007
Over three decades of experience in Finance and Strategy

Mr. B. J. Maheshwari

Managing Director, Company Secretary cum Chief Compliance Officer
Associated with the company since 1994
Over three decades of experience in Legal, Taxation, Secretarial & Administrative matters

Priyanka Morarka President - Corporate Affairs

R. K. Gupta

Sr. Executive Vice President - Works

K.P. Singh

Vice President – Works

Alok Lohia Chief Financial Officer Salil S. Arya Group Compliance Officer

Surendra P. Singh Chief General Manager - Cane

V. B. Singh

Chief General Manager - Engineering

To know more about our story, please watch our documentary at https://www.youtube.com/watch?v=\_kCF2PAZHqI

Business Strategy

We are currently one of the most efficient integrated sugar companies in Uttar Pradesh. We plan to further improve on our performance matrices while continuing with our best practices

Strong Relationship with Farmers

Cane Development

Dedicated cane department to supervise cane development and procurement
'Kisan Sewa Kendra' for promotion of high yield seed varieties and more efficient pesticides
Monitoring harvesting program to obtain desired quality and quantity of cane
Soil testing laboratory to study the most efficient usage of land
Demonstration plots, in arrangement with farmers having roadside fields, to attract other farmers to adopt the best agricultural practices
Autumn planting, to compensate for the loss of ratoon, giving higher yield and better recovery
Fertilizer and other input subsidies to farmers

Increased Farmer Bonding

Associated with more than 1.40 lakh farmer families
Purchased sugarcane of INR 12,753.01 million in FY21 from farmers in our reserved area providing impetus to rural economy
Dedicated web portal for farmers giving them access to their calendar, payment status, survey details and loan position
Regular farmer interaction through 'Kisan Goshthi' and 'Nukkad Natak'

Q4FY21 Financial Performance

Performance Highlights

In INR million	Q4FY21	Q4FY20	FY21	FY20
Total Income	6013.1	4632.1	18459.4	13415.3
EBIDTA	837.6	573.6	2083.5	1414.7
PAT	482.3	442.7	915.4	734.5

In INR	Q4FY21	Q4FY20	FY21	FY20
EPS	2.56	2.35	4.86	3.90

Quarterly Trends

FY21 Trends

Summary Financials

	FY 2021	FY 2020
INCOME
Revenue from operations	18,388.5	13,361.3
Other income	70.9	54.0
Total Revenue	18,459.4	13,415.3
EXPENDITURE
Cost of material consumed	13,666.3	11,157.3
Changes in inventories of finished goods, work in-progress and stock-in-trade	644.4	-864.7
Employees benefit expense	927.5	787.8
Finance Cost	476.5	330.3
Depreciation and amortization expense	408.9	368.7
Other expense	1,137.8	920.1
Total Expenses	17,261.4	12,699.6
Profit before taxes	1,198.0	715.7
Tax expense	282.6	-18.8
Profit for the period	915.4	734.5
Other Comprehensive Income/(loss) net of taxes		-79.4
Total Comprehensive Income		655.1