Sagar Cements Ltd · NSE:SAGCEM
Sagar Cements — Q3 FY2017 Earnings Presentation
19 slides from Sagar Cements's earnings presentation, February 2017
Slide 1: Sagar Cements Q3 & 9M FY17 Results Presentation
Sagar Cements Limited Q3&9MFY17 Results Presentation
Slide 2: Industry Overview
Industry Overview Perspective on Cement Prices West Contrasting situation prevailed in the region with Gujarat witnessing declining prices whereas Maharashtra experienced rising prices during the period Heightened competitive intensity Volumes remained relatively stable despite resulting in so
Slide 3: Sagar Cements - Business overview
Sagar Cements - Business overview YOY volume growth - limited impact of de-monetization in our primary market areas Prices remained steady on the back of stable volumes and institutional demand Rising input costs resulted in contraction of operational profitability Expect demand to improve gradually
Slide 4: Sagar Cements – Operational Results
Sagar Cements – Operational Results Sagar Cements Limited l Q3 & 9M FY17 Investor / Analyst Presentation 4
Slide 5: Performance Highlights
Performance Highlights Sagar BMM Q3 FY17 9M FY17 Revenue 22,125 14,155 8,731 ` 43,759 24,837 67,065 Rs. lakh 1,569 ` 4,162 EBITDA 2,948 8,437 1,379 4,275 178 886 PAT (54) (75) (190) (838) 43 48 Plant Capacity (%) 49 52 64 66 Sagar Cements Limited l Q3 & 9M FY17 Investor / Analyst Presentation 5
Slide 6: Q3 & 9M FY17 Performance Review - Consolidated
Q3 & 9M FY17 Performance Review - Consolidated Rs. lakh Net Income 8,731 24,837 Net Income from operations for Q3 FY17 stood at Rs. 14,155 lacs as against Rs. 13,038 lakh in Q3 FY16 13,038 14,155 52,942 43,759 Q3 FY17 EBITDA stood at Rs. 1,569 lacs as compared to Rs.1,386 lacs generated during Q
Slide 7: Key Developments
Key Developments Issue of Pref. Shares Acquisition of grinding unit • Allotted 611,986 shares at an issue price of Rs. 800 per share in Bayyavaram – on a preferential basis • Completed acquisition of • Allotment Details – grinding unit located at o Promoters : 50%; Bayyavram in Anakapally, o Other t
Slide 8: Executive Director’s Comment
Executive Director’s Comment Commenting on the performance, Mr. Sreekanth Reddy, Executive Director of the Company said, “We have reported a steady set of numbers for the quarter, as highlighted by the revenue and profitability growth. Presence in areas marginally impacted by the Government’s demone
Slide 9: State wise Realization & Utilization
State wise Realization & Utilization Mattampally Plant BMM - Gudipadu Plant Gross Realisations (Rs. / tonne) Gross Realisations (Rs. / tonne) Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Overall Average 5,259 5,409 4,927 4,670 Overall Average - 4,697 5,250 5,191 AP 6,049 5,812 5,5
Slide 10: Coal Prices
Coal Prices Q1 FY16 Q4 FY16 Domestic : International coal mix was 14:86 Domestic : International coal mix was 25:75 Singareni Coal: Nominal quantity sourced Q2 FY16 Q1 FY17 Domestic : International coal mix was 2:98 Domestic : International coal mix was 4:96 Q3 FY16 Q2 FY17 Domestic : In
Slide 11: Operations Overview (Consolidated)
Operations Overview (Consolidated) Production October November December Total (MT) Clinker 1,60,181 1,90,603 59,078 4,09,862 Cement 1,68,858 1,64,767 1,51,965 4,85,590 Cement Sales Value Rs. Lakh Net Realization Description ('000'MT) (net of excise & VAT) Rs./Mt Q3 FY17 472 18,879 4,002 Q3 FY16 422
Slide 12: Cost Overview
Cost Overview Average Fuel Cost Per Tonne 865 753 936 740 Rs. / Tonne Increase in price of imported coal has resulted in increase 757 819 in average fuel cost per tonne of clinker produced. Q3 FY16 Q3 FY17 Freight Cost per Tonne 826 630 929 Rs. / Tonne 725 Freight per ton increased due to increa
Slide 13: Cost Overview
Cost Overview Employee Cost 1,105 994 181 136 Rs. lakh 858 924 Employee costs in Q3 FY 17 is Rs. 1,105 lakhs on consolidated basis when compared to Rs. 994 lakhs during Q3 FY16. Q3 FY16 Q3 FY17 Raw Material Cost 2,405 2,270 1013 751 Rs. lakh Raw Material cost has come down due to lower productio
Slide 14: Plant Highlights - Consolidated
Plant Highlights - Consolidated Sales (4,71,681Mts.) Others –4% During Q3 FY17, the plants operated at reasonable Orissa –6% utilization levels producing Maharashtra – 11% 4,09,862 tons of clinker and Tamil Nadu - 16% 4,85,589 tons of cement Karnataka - 19% Approximately 56% of cement dispatches
Slide 15: Sales in Q3 FY17
Sales in Q3 FY17 Sagar Cements BMM Cements Consolidated Quantity % of Total Quantity % of Total Quantity % of Total Markets Sales (in Tonnes) Sales (in Tonnes) Sales (in Tonnes) Andhra Pradesh & Telangana 1,81,680 57.8 25,920 16.5 2,07,600 44.0 Karnataka 11,564 3.7 78,501 50.0 90,065 19.1 Tamil Nadu
Slide 16: Dispatches by Road & Rake
Dispatches by Road & Rake Dispatch Details TPT Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 TOTAL BY ROAD 478,345 424,880 301,840 4,48,182 1653,247 BY RAKE - - - 5,506 5,506 TOTAL 478,345 424,880 301,840 4,53,688 1658,753 Consolidated TPT Q1 FY17 Q2 FY17 Q3 FY17 BY ROAD 5,72,527 4,89,731 4,66,045 BY RAKE 5,310 2
Slide 17: Key Balance Sheet Items
Key Balance Sheet Items Rs. In Lakh Sagar Cements BMM Cements Consolidated Gross Debt 21,924 26,353 48,277 - Long Term 16,464 23,045 39,509 - Working Capital 5,460 3,308 8,768 Cash & Bank Balance 402 256 658 Debt Equity Ratio (%) 0.27 - 0.66 Net Worth 61,187 -142 59,755 Investments 25,422 - 2.65 As
Slide 18: Sales Outside AP & TG
Sales Outside AP & TG Historical trend cement sales OAP & TG Q3 FY17 Q2 FY17 Q1 FY17 OAP & TG Sales 56% 63% 55% (Consolidated) Q4 FY16 Q3 FY16 Q2 FY16 Q1 FY16 OAP & TG Sales 48% 55% 64% 67% Q4 FY15 Q3 FY15 Q2 FY15 Q1 FY15 OAP & TG Sales 71% 63% 64% 47% Q4 FY14 Q3 FY14 Q2 FY14 Q1 FY14 OAP & TG Sales
Slide 19: Contacts
Contacts For further information contact: Sagar Cements Limited CDR India K Prasad- (Chief Financial Officer) Gavin Desa prasadk@sagarcements.in gavin@cdr-india.com PS Prasad - (President Marketing) Suraj Digawalekar prasadps@sagarcements.in suraj@cdr-india.com Company Secretary &Compliance Officer: