Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q4 FY2022 Earnings Presentation
29 slides from Dalmia Bharat's earnings presentation, May 10, 2022
Slide 1: Exchange filing cover letter: Investor Presentation Q4FY22 & FY22
File No: 1010/1 May 09, 2022 BSE Limited National Stock Exchange of India Limited 0B P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G 1B Fort Mumbai - 400001 Bandra - Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai - 400 051 Symbol: DALBHARAT Subject: Investor Presentation –
Slide 2: Earnings Release Q4FY22 and FY22
EARNINGS RELEASE Q4FY22 and FY22
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. Key Highlights 4 02. Expansion & Capex Update 6 03. Q4 & FY22 Performance 10 TA B L E O F CO N T E N T S 04. ESG at Dalmia 18 05. Awards and Accolades 22 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Financial Performance Sales Volume increased by 7.3% to 22.2 MnT in FY22 Revenue increased by 11.6% and stood at Rs 11,286 cr Net Debt/EBITDA stood at (0.59x) Capacity Additions Commenced commercial production of 2.9 MnT Murli Cement plant in Maharashtra on 15th January, 2022
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Capacity Update
Capacity Update Phase 1 - Ongoing Projects Capacity Overview East 2.5 Present Capacity 35.9 Greenfield Ongoing Projects 2.5 South 3.0 Greenfield 3.0 Brownfield 1.7 Brownfield Upgradation 5.3 East 1.7 Total Capacity 48.5 Upgradation North East 1.2 West 1.1 South 0.9 Jan’22: Commenced Ea
Slide 9: Capex Update
Capex Update Phase 1 -Ongoing New capacity Innovation & Capex Sustainability Others Murli Industries: Tamil Nadu GUs: Land Solar power: 21.5 MW Mining Land: Acquisition Commercial Acquisition and registry commercialized during of Land underway in East Production started for for Sattur GU (Tu
Slide 10: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power (WHRS and Solar) 180 WHRS Capacity- MW Solar Capacity - MW 160 98 140 WHRS Commercialization Total Renewable Power - MW 120 H1FY23E 18.4 H2FY23E 22.4 100 40.8 80 60 32 Solar Commercialization 40 H1FY23E 55.9 10 H2FY23E 10.2 20 66.1 8 8 9 9 2
Slide 11: Q4 & FY22 Performance
SECTION 03 Q4 & FY22 PERFORMANCE 10
Slide 12: Financial Performance: Sales Volume
Financial Performance Quarterly Sales Volume FY22 Sales Volume (MnT) (MnT) Growth: 2.3% Growth: 7.3% Growth: 16.2% 22.2 6.6 6.4 20.7 5.7 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Despite the challenges witnessed in Q3, our resiliency enables us to generate volume growth in-line with the Industry 11
Slide 13: Financial Performance: Sales Revenue
Financial Performance Quarterly Sales Revenue FY22 Sales Revenue (Rs Cr) Growth: 7.2% (Rs Cr) Growth: 23.6% Growth: 11.6% 3,380 11,286 * * 3,151 10,110 2,734 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 12 * Based on restated financials which accounts refractory business as part of discontinued operations
Slide 14: Operational Performance: Variable Cost
Operational Performance Quarterly Total Variable Cost* FY22 Total Variable Cost* (Rs/T) Increase: 20.9% (Rs/T) Increase: 17.5% Increase: 1.8% 1,843 2,010 1,974 1,569 1,663 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Witnessed significant inflationary pressure as our Fuel Consumption Cost increased by 81% durin
Slide 15: Operational Performance: Logistics Cost
Operational Performance Quarterly Logistics Cost FY22 Logistics Cost (Rs/T) (Rs/T) Increase: 8.2% Increase: 5.9% Increase: 7.2% 1,127 1,051 1,060 1,041 1,001 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 Diesel prices on average increased by 20% in FY22 14
Slide 16: Financial Performance: EBITDA
Financial Performance Quarterly EBITDA FY22 EBITDA (Rs Cr) (Rs Cr) Margins 24.3% 15.0% 20.1% 27.3% 21.5% Decline: 11.1% Decline: 12.2% Growth 67.0% * 2,762* 768 683 2,426 409 Q4FY21 Q3FY22 Q4FY22 FY21 FY22 15 * Based on restated financials which accounts refractory business as part of discontinued o
Slide 17: Financial Performance: Debt Position
Financial Performance Debt Position Net Debt / EBITDA (0.64x) (0.59x) (Rs Cr) 5,243 4,561 3,647 3,140 Gross Debt Cash & Cash Equivalents * Net Debt Dec'21 Mar'22 (1,421) (1,596) 16 * Includes MTM value of IEX Investment (Q3FY22: Rs 3,365 cr; Q4FY22: Rs 2,991 cr)
Slide 18: Finance Cost
Finance Cost Q4FY22 48 (Rs Cr) Cost of Borrowing 5.7% Total Finance Cost Q4FY21 58 (Rs Cr) Cost of Borrowing 5.3% Total Finance Cost 17
Slide 19: ESG Update
SECTION 04 ESG UPDATE 18
Slide 20: 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 MoU with FLSmidth, Denmark The company has signed a MoUwith FLSmidthA/S, is a leading supplier of techn
Slide 21: Significant Increase in Usage of Green Fuel
Significant Increase in Usage of Green Fuel Dalmia consistently evaluates Green Fuel% opportunities to increase 18.0% 16.4% usage of green fuels 16.0% including biomass and 13.7% waste 14.0% 12.3% 12.0% In line with the philosophy of ‘Clean and Green is Profitable 10.0% 9.0% & Sustainable’, incr
Slide 22: CSR at Dalmia
CSR at Dalmia Major Initiatives 3 new DIKSHa)Centers and 2 DIKSHa Extension Dalmia Institute of Knowledge & Skill Harnessing Centers set-up during this year, bringing the total (DIKSHa), a skill training center, actively involved in number of centers to 13 imparting skill trainings in farm and n
Slide 23: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 22
Slide 24: Continues to be Recognized for its Focus on Sustainability
Continues to be Recognized for its Focus on Sustainability GROUP LEVEL Apex India Green Leaf Award 2021 for Sustainability “Platinum Award” Apex India Green Leaf Award 2021 for Water Stewardship “Platinum Award” ARIYALUR UNIT Apex India Green Leaf Award 2021 for Environment Excellence “Platinu
Slide 25: Awards and Accolades
Awards and Accolades Greentech Environment Procurement Team of the Leader of Sustainable Green Building Material - Awards Year Award Change Cement Award Three units of the company i.e. Procurement Team of Dalmia Dalmia Bharat Foundation has Ariyalur Unit of Dalmia Cement Lanka, Bengal Cement Works C
Slide 26: Awards and Accolades
Awards and Accolades Smart Operations Category Best TDF Award Ariyalur unit of the Company won certificate of The Tribal Development Fund Project being appreciation on "Smart Operations Category" implemented in Umrongso, Assam with the at 1st FICCI Industry 4.0 Awards grant support of NABARD has bee
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) FY22 FY21 With Restructuring Without Restructuring With Restructuring Without Restructuring Income from Operations 11,286 11,286 10,110 10,110 Less:-Operating Expenses 8,860 8,860 7,348 7,348 EBITDA 2,426 2,426 2,762 2,762 Ad
Slide 29: 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.dalmiacement.com