Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — FY2024 Earnings Presentation
29 slides from Nuvoco Vistas's earnings presentation, Apr 30, 2024
Slide 1: Exchange intimation letter for investor presentation
NUVOCO VISTAS CORP. LTD. NU Shaping a new world oco® ~ Ref. No.: Sec/16/2024-25 April 30, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C–1, Block G, Dalal Street, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (East), Scrip Code: 543334 Mu
Slide 2: Investor Presentation – Full year ended March 31, 2024
N U oco® Shaping Q neUJ UJOTld Investor Presentation Full year ended March 31, 2024 April 30, 2024 1
Slide 3: Safe harbour clause
Safe harbour clause ~ N Uv OCO ® Shaping new WOTld Q ~ Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements”. Actual results could differ materially from those expressed or implied. Important factors that cou
Slide 4: Company overview
Company overview 3
Slide 5: Nuvoco – A major player in building materials space
~ Nuvoco – A major player in building materials space NU" OCO® Sl\aping a new woTld ~ ✓ 5th largest cement group in India ✓ Market leading brands with significant and leading player in East India market share, reputation and brand recall ✓ Installed cement capacity of ✓ Focused on retail with major
Slide 6: Strong performance amidst volatile demand environment
Strong performance amidst volatile demand environment ~ ® N Uv OCO Shaping a new world ~ FY24 Highlights Achieved strong financial performance Revenue (₹ Cr.) EBITDA (₹ Cr.) PAT (₹ Cr.) ✓ Record high profitability achieved since IPO; delivered highest ever EBITDA 10,733 1,657 and PAT at ₹ 1,657 Cr.
Slide 7: Geared up for FY25 – Strategies in place
~ Geared up for FY25 NU" OCO® Sl\aping a new woTld ~ Strategies in place Revenue Profitability Process Culture ✓Improve realisation per ✓Optimization of fuel mix ✓SAP unification across ✓Promote customer ton by focusing on entities centric culture ✓Enhance operational premiumisation efficiency & cos
Slide 8: Launching BRIDGE 2.0: Building on BRIDGE 1.0 success
~ Launching BRIDGE 2.0: Building on BRIDGE 1.0 success NU" OCO® Sl\aping a new woTld ~ Project BRIDGE 1.0 Project BRIDGE 2.0 Eliminating losses in raw materials Material cost efficiency programs Inventory optimization Optimization of power and fuel cost Optimization of power & fuel cost Distribution
Slide 9: Economy and Industry
Economy and Industry 8
Slide 10: Economic indicators indicate optimistic outlook
~ Economic indicators indicate optimistic outlook NU" OCO® Sl\aping a new woTld ~ Manufacturing PMI CPI inflation within GDP growth reached 16 year high of tolerance range of 2-6% for estimated to be closer to 59.1 in Mar’24. the 7th consecutive month 8% for FY24 and PMI > 50 consecutively for at 4.
Slide 11: Key demand drivers propelling the industry
Key demand drivers propelling the industry 508 kms Mumbai- ~72 lakh houses Capex plan of over ~19,000 kms of Ahmedabad under PMAY yet to ₹ 98,000 Cr. roads under bullet train corridor be constructed 109 kms of Western including ₹ 25,000 Bharatmala is under including ~27 lakh Dedicated Freight Cr. by
Slide 12: Business update
Business update 11
Slide 13: Growth projects
Growth projects ~ ® N Uv OCO Sl\aping a new woTld ~ Haryana cement plant Railway sidings at Sonadih & Odisha Sonadih Odisha Capacity utilization ramped up to ~60% within a quarter of Projects at an advanced stage of completion commissioning 12
Slide 14: RMX and MBM offers supplementary avenues for growth
RMX and MBM offers supplementary avenues for growth Ready-Mix Concrete (RMX) New RMX plant at Patna ✓ Commissioned 7 RMX plants in FY24. Currently, 58 plants across India ✓ Continuous thrust on premiumisation. Value added product mix at ~31% of total sales volume in FY24 Modern Building Materials (M
Slide 15: Awards and recognitions showcasing our accomplishments
Awards and recognitions showcasing our accomplishments p -.:7'':4..:•,.u ”14th CII1 National HR “Safety Health & “Excellence Award” at “Excellent Unit “A1 Category Mines Excellence Award” to Excellence Award” to the 3rd edition of the Award” at the “QCFI2 Award” to Sonadih HR team in the HR Mejia ce
Slide 16: Sustainability and CSR
Sustainability and CSR 15
Slide 17: Focus on sustainability parameters
Focus on sustainability parameters Carbon emission4 (kg CO2/ton) 580 One of the lowest carbon footprint in the industry. Carbon 507 emission reduced by 2% YoY to 4541 kg CO2 per ton in FY24 454 Global India Nuvoco 2,75,000+ ton of waste utilized as fuel in plants under circular Average Average FY24
Slide 18: Social initiatives and community engagement
~ Social initiatives and community engagement NU" OCO® Sl\aping a new woTld ~ 500+ members 68,700 CuM pond Running digital 9,000+ people Installed more trained under deepening activity smart classrooms provided free than 100 “Nuvo-Mason” - a conducted in 9 across 48 schools; consultations and integr
Slide 19: Key financials
Key financials 7 4 os o 7o s zo Cia 225 Ss > 7725
Slide 20: Demand outlook remains positive
~ Demand outlook remains positive NU" OCO® Sl\aping a new woTld ~ Market Prices Cost ✓ Cement demand in the East ✓ East cement prices declined by ✓ Raw material costs remained displayed a varied pattern. Weak 3.3% in FY241 broadly stable, while a FY24 demand in West Bengal and Bihar ✓ North cement p
Slide 21: Key consolidated financial indicators
~ Key consolidated financial indicators NU" OCO® Sl\aping a new woTld ~ Cement volumes Revenue EBITDA (MMT1) (₹ Cr.) (₹ Cr.) FY24 18.8 10,733 1,657 Q4 FY24 5.3 2,933 498 Cost efficiency driving EBITDA growth of 35% YoY in FY24 and 30% YoY in Q4 FY24 Note: 1. MMT - Million metric tons 20
Slide 22: Cost efficiency driving EBITDA growth
~ Cost efficiency driving EBITDA growth NU" OCO® Sl\aping a new woTld ~ EBITDA1 growth YoY EBITDA/t1 growth YoY ₹ Cr. ₹/t 1,657 883 1,224 651 FY23 FY24 FY23 FY24 ✓ Delivered highest ever EBITDA at ₹ 1,657 Cr. in FY24 since IPO ✓ EBITDA improved 35% in FY24 primarily driven by decline in power & fuel
Slide 23: Q4 FY24 consolidated performance at a glance
~ Q4 FY24 consolidated performance at a glance NU" OCO® Sl\aping a new woTld ~ Strong EBITDA growth driven by cost efficiency ₹ 2,933 Cr. ₹ 498 Cr. ₹ 4,030 Cr. Financial ~ - - - - - ~ - - - - - - - - - - - 1 Revenue EBITDA Net debt Operational 5.3 MMT1 Cement sales volume 38% Premium share LJ 1.63 -
Slide 24: Key cement cost elements – Q4 FY24
~ Key cement cost elements – Q4 FY24 NU" OCO® Sl\aping a new woTld ~ Raw material cost1 Power Powerand & fuel cost1 1 fuelcost Distribution cost1 (₹/t) (₹/t) (₹/t) 664 1,383 1,495 624 615 1,482 1,484 1,132 1,086 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 ✓ Reduced QoQ du
Slide 25: Marketing initiatives solidifying brand presence
Marketing initiatives solidifying brand presence ~ ® N Uv OCO Sl\aping a new woTld ~ Marketing campaigns and activities to increase brand visibility Introduced new products in RMX ........ 0 ... ,.. .. clll'IIJJJ/8" FLOORING SOLUTIONS New packaging signifies stronger bond between the mother brand an
Slide 26: Continued emphasis on deleveraging
~ Continued emphasis on deleveraging NU" OCO® Sl\aping a new woTld ~ Net debt (₹ Cr.) Net debt/EBITDA1 (x) Nuvoco’s interest rate vs. repo rate2 160 8.5% 8.5% 9.0 % 8.0% 8.0 % 140 6.9% 7.0 % 6,730 120 6.5% 6.5% 6.0 % 4.5 5,064 3.3 3.6 5.0 % 4,414 4,030 2.4 100 Repo rate 4.0 % Interest rates (%) 80 4
Slide 27: Consolidated income statement
~ Consolidated income statement NU" OCO® Sl\aping a new woTld ~ (₹ Cr.) Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Total Income 2,931 2,432 2,941 10,599 10,766 Cost of materials consumed 443 370 443 1,765 1,741 Purchase of stock in trade 11 57 67 44 146 Changes in inventories 187 16 76 (24) 67 Power and fuel
Slide 28: Summary
~ Summary NU" OCO® Sl\aping a new woTld ~ ✓ Cement demand to be driven by ▪ Infrastructure led spendings by the government Chittor Cement Plant ▪ Pick up in housing. ~72 lakh units pending for completion under PMAY. ~27 lakh houses in East1 and majority of which is in West Bengal. 2 Cr. more houses
Slide 29: Thank you
~ NU" OCO® Sl\aping a new woTld ~ Thank you Nuvoco Vistas Corporation Ltd. Corporate Identity Number: L26940MH1999PLC118229 Registered and Corporate Office: Equinox Business Park, Tower 3, East Wing, 4th Floor, LBS Marg, Kurla (West), Mumbai - 400 070, Maharashtra, India; Website: www.nuvoco.com Com