Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q1 FY25 Earnings Presentation
29 slides from Dalmia Bharat's earnings presentation, Jul 18, 2024
Slide 1: Stock exchange cover letter for Q1 FY25 earnings release
1010/02 July 18, 2024 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: Earnings Release / Investor Presentatio
Slide 2: Earnings Release Q1FY25
EARNINGS RELEASE Q1FY25
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. Q1FY25 Performance 9 TA B L E O F CO N T E N T S 04. ESG at Dalmia 19 05. Awards and Accolades 22 06. Annexures 25 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Quarterly Performance ▪ Sales volume increased by 6.2% YoY to 7.4 MnT ▪ EBITDA increased by 9.2% YoY to Rs 669 Cr ▪ Net Debt/EBITDA stands at 0.17x ▪ Renewable Energy consumption increased to 35%1 ▪ CO2 emissions stands at 467 kg2/Ton of cement Capacity ▪ Commercial production started
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Organic Cement Capacity Expansion Plan – 49.5 MnT
Organic Cement Capacity Expansion Plan – 49.5 MnT Region Plant Capacity Closing Capacity FY23 38.6 East Bokaro Line 2, JH 2.5 +0.5 MnT East Medinipur, WB 0.6 EAST South Sattur, TN 2.0 South Belgaum, KA 0.9 +2.4 MnT South Ariyalur, TN 1.0 NORTH EAST South Kadapa, AP 1.0 Closing Capacity as on date 46
Slide 9: Announced Clinker Capacity Expansion Plan
Announced Clinker Capacity Expansion Plan Figures in MnT South East North East West Total Q1FY25 10.1 7.7 2.7 2.1 22.6 FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 8
Slide 10: Q1FY25 Performance
SECTION 03 Q1FY25 PERFORMANCE 9
Slide 11: Operational Performance
Operational Performance Quarterly Sales Volume (MnT) Growth: 6.2% Decline: 15.6% 8.8 7.4 7.0 Q1FY24 Q4FY24 Q1FY25 ➢ Despite subdued cement demand, sales volume grew by 6.2% YoY 10
Slide 12: Financial Performance: Quarterly Revenue
Financial Performance Quarterly Revenue (Rs Cr) Decline: 0.2% Decline: 15.9% 4,307 3,627 3,621 Q1FY24 Q4FY24 Q1FY25 11
Slide 13: Financial Performance: Cost of Raw Material Consumed
Financial Performance Quarterly Cost of Raw Material Consumed^ (Rs/T) Increase: 1.4% Increase: 1.1% 779 768 771 Q1FY24 Q4FY24 Q1FY25 ➢ From early Jun’24, the tolling operations at Jaiprakash Associates Ltd (JAL) plants are being done on job work basis. Accordingly the cost of Material purchases form
Slide 14: Financial Performance: Power & Fuel Cost
Financial Performance Quarterly Power & Fuel Cost^ (Rs/T) Decrease: 22.4% Decrease: 1.5% 1,293 1,018 1,003 Q1FY24 Q4FY24 Q1FY25 ➢ Fuel consumption cost declined from $152/T in Q1 FY24 ($114/T in Q4 FY24) to $106/T in Q1 FY25 ^ Basis Cement Production (not sales volume) 13
Slide 15: Financial Performance: Logistics Cost
Financial Performance Quarterly Logistics Cost (Rs/T) Decrease: 3.4% Decrease: 3.5% 1,156 1,158 1,117 Q1FY24 Q4FY24 Q1FY25 ➢ Logistics costs decreased due reduction in lead distance and optimization of clinker movement 14
Slide 16: Financial Performance: Total Cost per Ton
Financial Performance Total Cost /T 4,308 4,148 3,973 736 753 716 Others 317 229 307 Employee Costs Freight Charges 1156 1158 1117 Power & Fuel Purchase of stock in trade 1289 897 Raw Material Consumed 1019 (Inc)/Dec in stock 243 137 143 Total 712 769 779 155 -97 -108 Q1FY24 Q4FY24 Q1FY25 ➢ Dalmia B
Slide 17: Financial Performance: Quarterly EBITDA
Financial Performance Quarterly EBITDA (Rs Cr) Margins 16.9% 15.2% 18.5% Increase : 9.2% Increase : 2.3% 669 654 613 Q1FY24 Q4FY24 Q1FY25 ➢ EBITDA improved on YoY basis primarily by decline in Power & Fuel cost, partially offset by softness in cement prices 16
Slide 18: Financial Performance: Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.18x 0.17x (Rs Cr) Mar’24 Jun’24 * Includes MTM value of IEX Investment (Q4FY24: Rs 1,788 Cr Q1FY25: Rs 2,403 Cr) 17
Slide 19: Finance Cost
Finance Cost Q1FY25 - (Rs Cr) Cost of Borrowing: 8.3% Q1FY24 (Rs Cr) Cost of Borrowing: 7.8% 18
Slide 20: ESG Update
SECTION 04 ESG UPDATE 19
Slide 21: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power 11x 185 186 166 Solar WHRS Total Renewable Power - MW 113 114 100 63 32 32 66 72 72 17 17 10 8 8 22 31 9 9 FY19 FY20 FY21 FY22 FY23 FY24 Q1FY25 In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040, executed multiple Renewable
Slide 22: CSR at Dalmia Bharat
CSR at Dalmia Bharat Activities at CSR Climate Action : Constructed a pond in Social Infrastructure : Held a general Livelihood: Facilitated over 30 micro Jirimgaon village, Lanka with a capacity of medical camp in Dalmiapuram in enterprises in Bokaro, Cuttack, 2700 KL, benefiting 135 community coor
Slide 23: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 22
Slide 24: Sustainability Awards
Sustainability Awards CDP leadership Award (CDP Discloser 9th National Conclave on Environment, National Conference of Sustainability 2023, Climate) Energy& Climate Change 2024 2023-24 (FAME & Golden Bird) Environmental Stewardship Environment Excellence Award, Energy 1. Lifetime Achievement Award t
Slide 25: Supply Chain Awards
Supply Chain Awards 163rd Procurement, Project ISCM Supply chain rankings of the “2nd 2nd Procure Connect Confex & Awards Management, Corporate Real Estate, India Supply Chain Leaders Senate 2024 2024 Facility Management Awards 2024 Leadership Award for Professional Supply Chain Champion (Northern P
Slide 26: Annexures
SECTION 06 ANNEXURES 25
Slide 27: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) Particulars Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Cost of Raw Material Consumed 768 785 781 771 779* Power & Fuel 1,293 1,140 1,102 1,018 1,003 *Excluding the Cost of these Purchases from Jaiprakash Associates, Raw Material Cost in Q1 FY25 w
Slide 28: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) Q1 FY25 Q1 FY24 With Without With Without Restructuring Restructuring Restructuring Restructuring Income from Operations 3,621 3,621 3,627 3,627 Less:-Operating Expenses 2,952 2,952 3,014 3,014 EBITDA 669 669 613 613 Add:- Ot
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