Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Investor Presentation (June 2023)
78 slides from Dalmia Bharat's investor presentation, Jun 2, 2023
Slide 1: Exchange filing cover letter - Investor Presentation June 2023
File No: 1010/02 June 02, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort Mumbai - 400001 Bandra - Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai - 400 051 Symbol: DALBHARAT Subject: Investor Presentation - Jun
Slide 2: Investor Presentation June 2023
INVESTOR PRESENTATION June 2023
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Table of Contents
PA G E SECTION NO. 01. Dalmia Bharat at a Glance 4 02. Industry Outlook 12 03. Company Overview 21 TA B L E O F CO N T E N T S 04. Shareholder Value and Capital Allocation 39 05. ESG 49 06. Appendix 72 3
Slide 5: Dalmia Bharat at a Glance
SECTION 01 DALMIA BHARAT AT A GLANCE 4
Slide 6: Dalmia Bharat Group Overview
Dalmia Bharat Group Overview Founded in 1939 by Late Shri Jaidayal Dalmia, Dalmia Bharat Group is one of the Fastest Growing and Most Profitable Groups in India ▪ Fourth-largest cement ▪ One of the fastest growing cane- manufacturing company in India based multi-product companies ▪ Capacity^: 41.1 M
Slide 7: Dalmia Bharat Limited
DALMIA BHARAT LIMITED - 4th Largest Cement Player in the Fastest Growing Economy in the World 6
Slide 8: Our Vision, Mission, Values
Biodiversity park at our Ariyalur plant Our Vision To unleash the potential of everyone we touch Our Mission To be in the top two in all our businesses on the strength of our people and the speed of our innovation Our Values ▪ Integrity ▪ Humility ▪ Trust & Respect ▪ Commitment People. Planet. Perfo
Slide 9: Dalmia Bharat by the Numbers
Dalmia Bharat by the Numbers Fundamentals Financials 41.1 MnT^ 25.7 MnT ₹13,540 Cr ₹ 5,259 Cement Capacity Sales Volume Net Sales NSR / Ton 21.7 MnT 378 MW ₹ 2,316 Cr ₹ 900 Clinker Capacity Captive Power Capacity EBITDA EBITDA / Ton 14 22 17.1% ₹36,901 Cr Plants States Served EBITDA Margin Market Ca
Slide 10: Key Milestones Over The Past Decade
Key Milestones Over The Past Decade Expansion into North East through Entered into Past Decade Acquisition of Commenced production Acquired Kalyanpur of Line 2 at BCW unit in Definitive agreement The company has consistently Calcom and Cement Limited West Bengal to acquire cement Adhunik made substa
Slide 11: Geographic Expansion
Geographic Expansion FY12 3 Present 14 PLANTS IN PLANTS IN 2 STATES 10 STATES 9.0MnT 41.1MnT 5.6MnT NORTH EAST 20.5MnT 2.9MnT EAST WEST 9MnT 12.1MnT SOUTH SOUTH Our Markets Our Markets Existing Plants Existing Plants 10
Slide 12: Growth Snapshot
Growth Snapshot 10 YEAR CAGR* 13% 17% 13% 9% Capacity^ Revenue EBITDA EPS 3x 5x 3x 2x Aggressive Yet Sustainable Growth Enabled Us to Emerge as the 4th Largest Cement Player In India *FY13-FY23 ; ^Cement capacity as on date 11
Slide 13: Industry Outlook
SECTION 02 INDUSTRY OUTLOOK 12
Slide 14: Strong Revival In Indian Economy
Strong Revival In Indian Economy India’s underlying economic fundamentals are robust 200,000 GST Collection (Rs Crores) 150,000 100,000 GST revenue collection for April 2023 highest ever at Rs 50,000 1.87 lakh crore - S&P Global India Manufacturing PMI 65.0 60.0 India's manufacturing industry expand
Slide 15: Cement Demand Growing Strongly with Revival of Economy
Cement Demand Growing Strongly with Revival of Economy Overall Cement Demand is believed to have grown by >9% to 373 MnT in FY23 Industry Cement Demand (MnT) 373 336 341 330 325 298 284 280 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23e The demand trajectory is currently favorable, and we anticipate it to
Slide 16: Cement Demand Growth To Be Robust
Cement Demand Growth To Be Robust After a slowdown in last decade, Cement Demand is expected to revive driven by a fresh Housing Cycle, Capex Cycle and Commodity Cycle Housing + Capex Cycle FY14: Taper tantrum - Housing Cycle FY17: Demonetization - Capex Cycle FY18: GST/RERA Implementation - Commodi
Slide 17: Cement Demand Growth To Be Robust
Cement Demand Growth To Be Robust Low per capita cement consumption presents healthy cement demand growth opportunity largely supported by housing and infrastructure sectors Cement Demand Mix Per Capita Cement Consumption/Kg 10% 500-550 Rural Housing 30% Urban Housing 23% Low Cost Housing 225-250 In
Slide 18: Key Demand Drivers
Key Demand Drivers ▪ Government’s continued push on affordable housing, reflected in rising spending to provide subsidized loans to economically weaker segments of the population will support growth in cement demand Rural Housing & Affordable ▪ 66% increased allocation for PMAY at ~Rs 78,000 Cr in U
Slide 19: Recovery in Real Estate Market
Recovery in Real Estate Market The Residential sector has recorded a 9-year high sales volume in CY 2022 Residential Unit Sales and Launches in Top 8 Cities in India 180000 160000 140000 120000 100000 80000 60000 40000 20000 0 H1 2015 H2 2015 H1 2016 H2 2016 H1 2017 H2 2017 H1 2018 H2 2018 H1 2019 H
Slide 20: Capex Push of Government to Drive Demand
Capex Push of Government to Drive Demand Union budget FY24`s Capex push as well as continued focus on infrastructure development will boost cement demand Capex by Center (Rs Trillion) 10 7.5 6 4.3 3.1 3.4 2.5 2.8 2.6 1.7 1.9 2 1.6 1.6 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23B
Slide 21: National Infrastructure Pipeline (NIP)
National Infrastructure Pipeline (NIP) Breakup of Infra Investment planned Under NIP NIP Envisages Rs 111 lakh crore investment over FY20-FY25 period which would (Rs lakh crore) require doubling the pace of infrastructure investment Other Infra 11.9 Major Part of NIP is towards transportation, energ
Slide 22: Company Overview
SECTION 03 COMPANY OVERVIEW 21
Slide 23: Company Overview
Company Overview Integrated Model with State-of- Lowest Cost Producer with Proven Multi-tier Governance Structure Pioneer in the Area of the-Art Production Facilities and Track Record of Financial Overseen by Diverse Board Sustainability Supply Chain Performance 01 03 05 07 02 04 06 Diverse Product
Slide 24: Pioneer in the Area of Sustainability
01 Pioneer in the Area of Sustainability Clinker Factor (%) Dalmia has one of the lowest net carbon footprint in Global cement 76 industry - 463 CO₂ emission-Kg/ton in FY23* 68 59 First cement group to commit to become carbon negative by 2040 Largest producer of slag cement in India with 84.1% blend
Slide 25: Globally Recognized for its Focus on Sustainability
01 Globally Recognized for its Focus on Sustainability ▪ COP 27 Business Leader ▪ Only Triple Joiner company for RE100, EV100 & EP100 DALMIA BELIEF ▪ Only cement company in the world to be invited to participate at the UN Climate Action Clean and Green is Summit in 2019 and UN Climate Ambition Summi
Slide 26: Diverse Product Portfolio with Strong Brand Recognition
02 Diverse Product Portfolio with Strong Brand Recognition Product mix, FY23 16% 15% OPC Consumer Brands PPC 23% PCC PSC 46% ▪ AA+ Category ▪ Produced using ▪ Protects the premium product for superior ingredients to construction from high strength provide high strength harsh environmental Largest pr
Slide 27: Dalmia DSP positions itself in A+ category across markets
02 Dalmia DSP positions itself in A+ category across markets East (Orissa) “A+” Dalmia DSP, Ultratech Super, Concreto, ACC F2R ₹25/bag “A” Dalmia Ultratech ACC&Ambuja Nuvoco ₹55/bag “B” Shree Prism Birla Corp South (Tamil Nadu) North East (Assam) “A+” “A+” Dalmia DSP, Dalmia DSP Ultratech Super, Sta
Slide 28: Consistent Increase in Share of Premium Product
02 Consistent Increase in Share of Premium Product DSP % of Trade Sales 31% 29% 26% ▪ Since its launch, Dalmia DSP has been 21% 20% 20% immensely successful in East and North 18% 18% 17% East Region 19% 18% 13% ▪ DSP contributes 10-15% higher 11% 10% 12% profitability than other products 13% 10% ▪ T
Slide 29: Integrated Model with State-of-the-Art Facilities
03 Integrated Model with State-of-the-Art Facilities Raw Material Power Plants Limestone Power Source Location ▪ Each integrated plant has captive ▪ One of the lowest power ▪ Well Balanced Capacity staggered at mines to extract limestone consumption per ton of cement in central locations ▪ Avg. Life
Slide 30: One of most Efficient and Resilient Supply Chain
03 One of most Efficient and Resilient Supply Chain Initiatives in FY23 Supply Chain by Numbers Institutionalized spot auction (order based auction) across plants 12,000+ Truck Fleet Deployed dedicated insourced fleet model with higher carrying capacity 400+ Warehouses Deployment of EV & LNG trucks
Slide 31: Focused on Usage of Smart Technology
03 Focused on Usage of Smart Technology Focused on automation and mobility and cloud solutions, strengthening supply chain management TMS Solution SAP Ariba Technology Stack Dalmia tied up with Blue Yonder to implement 02 Provide better management of our suppliers, end to end management of TMS solut
Slide 32: Ability to Add Capacity at Lowest Cost
04 Ability to Add Capacity at Lowest Cost 45.0 94% Cement Capacity (MnT) Capacity Utilisation 100 % 41.1 90% 40.0 78% 35.9 35.0 72% 73% 80% 68% 30.8 63% 70% 30.0 61% 62% 57% 26.5 26.5 25.0 25.0 25.0 67% 60% 25.0 52% 51% 51% 24.0 45% 46% 50% 20.0 51% 40% 15.0 43% 11.8 11.8 30% 10.0 9.0 9.0 9.0 6.5 20
Slide 33: Lowest Total Cost Producer of Cement in India
05 Lowest Total Cost Producer of Cement in India Raw Material Cost/T Power & Fuel Cost/T Rs/T Key drives Rs/T 867 include long 1,628 780 787 761 term tie-ups 1,430 725 716 702 692 659 648 with suppliers, 1,157 1,231 focus on 922 999 887 979 897 801 blended cement along with investment in alternative
Slide 34: Proven Track Record of Financial Performance
05 Proven Track Record of Financial Performance Sales Volume (MnT) Sales Revenue 5Y CAGR: 9% Consistent Capacity 5Y CAGR: 10% 25.7 13,540 additions and share 22.2 of premium 11,286 10,110 20.7 products led 9,484 9,674 19.3 18.7 volume and revenue growth FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 F
Slide 35: Proven Track Record of Financial Performance
05 Proven Track Record of Financial Performance Net Debt (Rs Cr) Net Debt/EBITDA Our resiliency has 3,124 enabled us to 1.61 2,825 1.34 Delever our Balance Sheet and provided 661 0.29 154 Flexibility for future 0.06 FY19 FY20 FY21 FY22 FY23 expansion FY19 FY20 FY21 FY22 FY23 (1,421) -0.59 Adjusted R
Slide 36: Market Leader in Highly Attractive East India Market
06 Market Leader in Highly Attractive East India Market Capacity Break Up - East Per capita cement consumption of the GDP growth of eastern regions is well eastern regions is well below Pan-India above Pan-India GDP growth in FY23 Others 18% 19% ▪ East 150 – 175 kg 16% ▪ East: 10.9%(1) 18% ▪ All Ind
Slide 37: Multi-Tier Governance Structure
07 Multi-Tier Governance Structure ▪ Audit Committee ▪ Risk Management Committee ▪ Stakeholders’ Relationship Committee ▪ Group Governance Committee ▪ Nomination and Remuneration Committee ▪ Buy Back Committee Board of ▪ Corporate Social Responsibility Committee Directors Executive ▪ Constituted a t
Slide 38: Overseen by a Reputed Board
07 Overseen by a Reputed Board Pradip Kumar Khaitan Yadu Hari Dalmia Gautam Dalmia Puneet Dalmia Sudha Pillai Virendra Singh Jain Niddodi Subrao Rajan Chairman & Independent (Non-Executive Director) Managing Director Managing Director & CEO Independent Director Independent Director (Non-Executive Di
Slide 39: Managed by a Diverse Leadership Team
07 Managed by a Diverse Leadership Team Mahendra Singhi Rajiv Bansal Sameer Nagpal Dharmender Tuteja Rajiv Prasad Ganesh Wamanrao Udaiy Khanna Dr. Arvind Bodhankar (MD & CEO – DCBL) President and Chief Chief Operating Officer Chief Financial Officer Head - Sales, Logistics, Jirkuntwar Head - Human R
Slide 40: Shareholder Value and Capital Allocation
SECTION 04 SHAREHOLDER VALUE AND CAPITAL ALLOCATION 39
Slide 41: Drivers of Value Creation
Drivers of Value Creation GROWTH PROFITABILITY RESPECT & CASH FLOW GENERATION HUMAN CAPITAL DIGITIZATION ACCELERATED FOCUS ON ESG 40
Slide 42: Strategic Imperatives
Strategic Imperatives ▪ PAN India Pure Play Cement Company ▪ Significant presence in every market wherein Dalmia operates Strategic ▪ Grow capacity at a CAGR of 14% - 15% over the next decade to reach 110-130 MnT by 2031 Vision ▪ Target of 75 MnT by 2027 ▪ Maintain a strong balance sheet along with
Slide 43: Disciplined and Value Focused Capital Allocation
Disciplined and Value Focused Capital Allocation Capital Allocation Framework Up to 10% of the Operating Cash Flow towards shareholders’ return which would include a mix of both dividend & share buy-backs Up to 10% of Operating Cash Flow towards an Innovation & Green Energy Fund which would be chann
Slide 44: Innovation and Green Energy Fund
Innovation and Green Energy Fund Innovation in Logistics through use of digital tools and cutting edge technology Investment in Industry 4.0 and IIoT for process optimization, enhancing productivity, superior scheduling & load balancing and performance management Nurture initiatives which would help
Slide 45: EBITDA improvement focus areas
EBITDA improvement focus areas Focused initiatives on key operating levers to further improve EBITDA/T Increase in market share Improvement in trade share with higher Capacity through premium product Utilization launches Reducing power & fuel cost by Near Term Increase in Share of operationalizing r
Slide 46: Capex Plan
CAPEX PLAN 45
Slide 47: Cement Capacity Expansion Plan – 46.6 MnT by FY24
Cement Capacity Expansion Plan – 46.6* MnT by FY24 Region Plant Capacity Closing Capacity FY22 35.9 East Bokaro, JH 0.6 North East Adhunik, ML 0.2 East Rajgangpur, OR 0.3 East Kapilas, OR 0.3 North East Calcom, AS 1.3 East Bokaro Line 2, JH 2.5 Capacity as in April 2023 41.1 East Medinipur , WB 0.6
Slide 48: Clinker Capacity Expansion Plan
Clinker Capacity Expansion Plan FY22 FY23 FY24E SOUTH 7.8 9.2 10.4 EAST 6.8 7.7 8.3 NORTH-EAST 2.3 2.7 2.9 WEST 2.0 2.1 2.1 TOTAL 18.9 21.7 23.7 (Figures in MnT) 47
Slide 49: Commissioned 2.5 MnT Line-2 at Bokaro, Jharkhand (JCW)
Commissioned 2.5 MnT Line-2 at Bokaro, Jharkhand (JCW) Stacker Reclaimer and Shed Cement SIlos 48
Slide 50: ESG
SECTION 04 ESG 49
Slide 51: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Environmental, Social & Corporate Governance (ESG) has been an central pillar of our business strategy Environmental Social Governance Our specific net emissions, 463 kg CO2/ Corporate Social Responsibility activities Institutionalized good governance led t
Slide 52: Leading the Cement World Globally in Carbon Emissions
Leading the Cement World Globally in Carbon Emissions ^ 321^ 463 Dalmia Bharat Dalmia Bharat Net Eastern Operations 608 560 CO2Emissions Net CO2Emissions India Average** Global Average* * Source: GNR data published in 2021 representative of 22% cement production in the world. ** Source: GNR data pub
Slide 53: Carbon Negative Roadmap
Carbon Negative Roadmap Dalmia Determined Contribution (DDC) 100% blended cement by next 5 years Grey to Green Roadmap for Carbon Negative Transition RE 100 commitment to transition to 100% renewable power by 2030 EP 100 commitment to double energy productivity by 2030 EV 100 commitment for sizable
Slide 54: Carbon Negative Roadmap
ws Dalmia Carbon Negative Roadmap onan Resource efficiency through circular economy concept Energy efficiency Carbon yp Negative 2040 \ Green Hydrogen = Solar Calcination Deep decarbonisation Novel Cements 53
Slide 55: First Triple Joiner Globally of RE 100, EP 100 and EV 100
First Triple Joiner Globally of RE 100, EP 100 and EV 100 A global initiative bringing A global campaign to A global initiative to together businesses double Energy Productivity accelerate the transition committed to 100% by 2030 to Electric Vehicles renewable electricity by 2030 One of One of the F
Slide 56: First Cement Company to join Globally
- First Cement Company to join Globally A global campaign towards a 1.5°C future at UN Climate Action Summit 55
Slide 57: Ranked No. 1 in CDP Global Cement Sector Report
Ranked No. 1 by in its Global Cement Sector Report ^ RANK: 1 In line with the Paris Agreement, Dalmia SCORE: 4.64 emerged as one of the world’s greenest cement manufacturing companies Key strengths reported by CDP for Dalmia Bharat ▪ Scores best on Scope 1 emissions intensity, with both the lowest a
Slide 58: MoU with FLSmidth, Denmark
MoU with FLSmidth, Denmark To Develop Breakthrough Innovations To Support Sustainability In Cement Industry, Dalmia Cement Signs MoU With FLSmidth, Denmark Under Green Strategic Partnership Of India And Denmark Government ➢ The company has signed a MoUwith FLSmidthA/S, a leading supplier of technolo
Slide 59: Adding WHRS and Solar Power Capacity
Adding WHRS and Solar Power Capacity Renewable Energy Power 180 WHRS Solar 166 160 Total Renewable Power - MW 140 120 100 100 80 63 60 32 40 32 66 17 17 10 20 8 8 31 22 9 9 - FY19 FY20 FY21 FY22 FY23 ➢ In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040, the company plans to
Slide 60: Industry Leading Water Positive Operations
Industry Leading Water Positive Operations OUR STRATEGY Air cooling instead of water Zero water discharge at cooling in CPP plants Intervention program: drip Rain water harvesting irrigation, ponds, sprinklers OUR RESULTS 5x 14x* 20x 2019 2023 2025 *Note:-Represents FY23; Parameters are under assura
Slide 61: Usage of Industrial Wastes as Raw Material or Fuels
Usage of Industrial Wastes as Raw Material or Fuels Highest Alternative Raw Material consumption rate globally in the sector ~5,400 KMT fly ash ~250 KMT Synthetic Gypsum Dalmia Bharat is a Total Waste and ~4,800 KMT Slag Plastic Waste ~70 KMT Lime Sludge Recycling Positive Company ~300 KMT Red Mud ~
Slide 62: Leading Player to Supply Blended Cement in Key Infra Projects
Leading Player to Supply Blended Cement in Key Infra Projects A testament of the quality of our blended cement is its usage in construction of some of the breakthrough projects in the country Guwahati International Airport, Assam North Karanpura Thermal Plant, Jharkhand NHAI Project, Bihar & West Be
Slide 63: Leading Player to Supply Blended Cement in Key Infra Projects
Leading Player to Supply Blended Cement in Key Infra Projects 02 A testament of the quality of our blended cement is its usage in construction of some of the breakthrough projects in the country Birsa Munde Hockey Stadium, Odisha Kochi Water Metro, Kerala Coal Mine Railway Conveyor Belt, Maharashtra
Slide 64: Sustainability Measures and Its Impact
Sustainability Measures and Its Impact Measures Impact ▪ Natural resource conservation by optimal use of ▪ Less Limestone and energy consumption /ton of Industrial wastes from other industries such as Steel, cement Thermal Power, Aluminum ▪ Became largest producer of Portland Slag cement in India -
Slide 65: CSR at Dalmia
CSR at Dalmia Major Initiatives DBF is now running 15 DIKSHA Centers in 8 states, with 3 ▪ Dalmia Institute of Knowledge & Skill Harnessing new additions in current Financial year. So far, 10,697 (DIKSHa), a skill training programme, actively trainees have been trained & 7711 trainees gainfully invo
Slide 66: Theory of Change Designed to Ensure CSR Initiatives Help Achieve Our Vision & Mission
Theory of Change Designed to Ensure CSR Initiatives Help Achieve Our Vision & Mission Creating Opportunities Activities Expected Outcome Impact Skill training in the farm Farm Schools for Social - Improved quality of life through sector aiming at improving % increase in yield skilling access to basi
Slide 67: Our CSR Partners
Ss Our CSR Partners Dalmia . WrP Oy = Schneider Aan QO O) Electric M4 ‘a y ¢ QSL misfste NABARD 2030, WORLD BANK GROUP (a ie water hes DGGE) Gece 2, Bors. eorporstone ent CODISHA SKILL DEVELOPMENT AUTHORITY Qa India Climate ‘ ‘ Ol deat for ms al = CSRBOX ee Oe ic... x y Ga H Nirmaa WaAiide et Action
Slide 68: Redefining Corporate Governance
Redefining Corporate Governance ▪ First cement company in ▪ Appointed one of the ▪ Segregated the family ▪ Use technology to track ▪ Implemented a India to formally Big4 accounting firms, office and the corporate and monitor different organization wide Risk announce a Capital EY, as its Internal off
Slide 69: Governing Polices at Dalmia
Governing Polices at Dalmia Code of Conduct for all members of Board of Determination of Materiality of Events Directors and Senior Management Code of Conduct to regulate, monitor and report Dividend Distribution trading by insider Policy for Preservation of documents Code of Practices and Procedure
Slide 70: Sustainability & CSR - Awards & Accolades
Sustainability & CSR - Awards & Accolades Dalmia Bharat has been consistently respected and recognized for its focus on Sustainability Green Accreditation Corporate Category: Sustainability in Green Product Rating for Integrated Habitat Cement Sector Assessment (GRIHA) council Apex India Green Leaf
Slide 71: Sustainability & CSR - Awards & Accolades
Sustainability & CSR - Awards & Accolades Our CSR Program has been consistently recognized by several institutional bodies and forums “Platinum Award” won by RGP unit GMF Pinnacle Award Apex India Occupational Health & Safety BCW Unit received Platinum Award for CSR Awards initiatives 2022 Commendat
Slide 72: Logistics – Awards & Accolades
Logistics – Awards & Accolades Best digitalization & End to End Best Supply Chain Firm in Cement transformation in Supply Chain – Category – Dec 22 Nov 22 3rd Annual Warehouse & Logistics Excellence 8th India Supply Chain thought Leadership Awards Summit “Institute of Supply Chain “Quantic India” Ma
Slide 73: Appendix
SECTION 06 APPENDIX 72
Slide 74: Key Financials
Key Financials Particulars FY19 FY20 FY21 FY22 FY23 Cement Capacity – MnT 26.5 26.5 30.75 35.9 41.1* Sales Volume - MnT 18.69 19.29 20.7 22.2 25.7 Net Sales - Rs Cr 9,484 9,674 10,110 11,286 13,540 EBITDA - Rs Cr 1,942 2,106 2,760 2,426 2,316 EBITDA Margin% 20.5% 21.8% 27.3% 21.5% 17.1% EBITDA - Rs/
Slide 75: Adjusted RoCE and RoE
Adjusted RoCE and RoE REPORTED ADJUSTED* (in Rs Cr) FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA (including Other Income) 2,186 2,323 2,949 2,586 2,454 2,186 2,323 2,949 2,586 2,454 Less : - Depreciation as per books 1,296 1,528 1,266 1,235 1,305 1,296 1,528 1,266 1,235 1,305 Add: Amorti
Slide 76: Cash Flow analysis
Cash Flow analysis Healthy Cash Conversion Ratio Movement in Cash & Cash Equivalents in FY23 (Rs. Cr) 4,00 0 130% 140 % 3,50 0 111% 3,596 120 % 108% 623 3,00 0 97% 2,252 100 % 2,50 0 80% 2,709 80% 2,337 2,252 71 2,00 0 58 2,090 169 1,932 60% 4,561 297 1,50 0 1,288 40% 3,102 1,00 0 20% 500 - 0% FY19
Slide 77: Strong Balance Sheet
Strong Balance Sheet (Rs Crores) 31.03.2022 31.03.2023 Fixed Assets^ 15,336 16,745 Investments^ 1,305 1,389 Net Working Capital (652) (549) Other Assets 670 925 Total Assets 16,660 18,510 Net Equity 16,133 15,744 Gross Debt 3,140 3,763 Less: Cash and Cash Equivalents* (4,561) (3,102) Net Debt (1,421
Slide 78: Thank You
CONTACT INFORMATION Thank You Corporate Office: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiabharat.com