Page 27 - BCML AR 2019-20

FOR YEARS, BCML STOOD FOR A SINGULAR
FOCUS ON THE MANUFACTURE OF SUGAR

AND BYPRODUCTS

In a reinventing BCML, the discipline This discipline will comprise a
will continue to be emphasised. propensity to immediately liquidate
all allocated quotas (domestic and
This discipline will comprise a priority
for cash flows over cash profits and of exports) and generate superior cash
sustainable liquidity over immediate flow.
profitability. This discipline is expected to
moderate long-term debt and
This discipline will comprise a singular generate predictable returns in a
focus on efficient cane resource cyclical business for the benefit of all
conversion as the principal generator stakeholders.
of profits as opposed to taking
speculative market exposures with The result is a financially stable
the possibility of generating outsized organisation that protects the
gains. livelihood of thousands.

Financial discipline

Lean
Strong Efficient
fundamentals reinvestment Balance
Sheet

Rewarding
shareholders Strong
(through dividends cash flows
and buybacks)

Annual Report 2019-20 | 25