Acc Limited · NSE:ACC
Acc — Q2 FY2025 Earnings Presentation
47 slides from Acc's earnings presentation, Oct 28, 2024
Slide 1: Investor Presentation under Regulation 30 – cover letter
28th October 2024 To National Stock Exchange of India Limited BSE Limited Scrip Code: ACC Scrip Code: 500410 Sub: Investor Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Dear Sir/ Madam, In continuation of our letter dated 16th October 20
Slide 2: Operational & Financial Highlights
ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Operational & Financial Highlights For the Quarter Ended September 30, 2024 1
Slide 3: Performance at a glance Q2 FY'25
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Performance at a glance Q2 FY’25 Ambuja Cement consolidated Highest sales volume in Q2 in the last 5 years VOLUME REVENUE FROM EBITDA PAT (in MnT CLC) OPERATIONS (R Cr) (Excluding other inco
Slide 4: Performance at a glance H1 FY'25
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Performance at a glance H1 FY’25 Ambuja Cement consolidated Highest sales volume in H1 in the last 5 years VOLUME REVENUE FROM EBITDA PAT (in MnT CLC) OPERATIONS (R Cr) (Excluding other inco
Slide 5: Builders of Progress in India
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Builders of Progress in India Development Operations Value Creation Well poised for Growth Asset Footprint Stakeholders 89* MTPA capacity (22 MTPA added in last 24 months). • Pan India asset
Slide 6: Contents
Contents Adani Group Performance Accolades and Profile Highlights Awards 6 16 42 1 2 3 4 5 6 Ambuja Cement ESG Updates Abbreviation Overview 10 32 44 5
Slide 7: Adani Group Profile
ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 01 Adani Group Profile 6
Slide 8: Adani: A World Class Infrastructure & Utility Portfolio
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Adani: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal Direct to Incubator Energy & Utility T
Slide 9: Adani Portfolio: Decades long track record of industry best growth
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Adani Portfolio: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x 6 Grow
Slide 10: Adani Portfolio: Repeatable, robust & proven transformative model of investment
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT OPERATIONS CONSUMERS 1 New C.E.O. Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I
Slide 11: Ambuja Cement - Overview
ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 02 Ambuja Cement - Overview 10
Slide 12: Advantage - Group Synergy
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Advantage - Group Synergy Realty Group land bank Fly Ash Group Cement/Concrete requirement Fly ash sourced from group’s (Dharavi, Navi Mumbai Airport, Ganga power plants ensures assured expressway..) time
Slide 13: Infrastructure and Housing sectors to fuel Cement Demand Growth
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Infrastructure and Housing sectors to fuel Cement Demand Growth Housing remains as the healthy recipient of Capex Cement Demand Segments (% share) ‒ Government continues to reinforce its commitment to ach
Slide 14: Cement Demand - Strong Correlation with GDP; High growth expected
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Cement Demand - Strong Correlation with GDP; High growth expected 730 Cement Demand Indian Economy 551 542 – India continues to lead as fastest growing – Cement sector’s performance subdued during H1 422
Slide 15: Presence in 31 states & union territories and 625+ districts
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Presence in 31 states & union $ territories and 625+ districts (~75%) Gagal For the Quarter Ended September 30, 2024 Darla / Suli Ropar Nalagarh Asian Nalagarh Rajpura 89 MTPA 63.5% Bhatinda
Slide 16: Iconic brands with cumulative 120+ years history
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Iconic brands with cumulative 120+ years history that shaped the industry Strength Heritage Pioneered brand building & technical services India‘s 1st Cement Company, Inter-generational Marke
Slide 17: Performance Highlights
ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 03 Performance Highlights 16
Slide 18: On track to achieve Targeted Growth more efficiently
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS On track to achieve Targeted Growth more efficiently – With recent acquisition of Orient Cement and projects under advanced stage of completion, operational capacity to cross 100+ MTPA by th
Slide 19: Financial results (for the Quarter)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Financial results (for the Quarter) Ambuja Consolidated Ambuja Standalone ACC Standalone Sanghi Particulars UoM Sept 24 Jun 24 Sept 23 Sept 24 Jun 24 Sept 23 Sept 24 Jun 24 Sept 23 Sept 24 J
Slide 20: Ambuja Cement (Consolidated) Cement Business (% Change YoY)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Ambuja Cement (Consolidated) Cement Business (% Change YoY) SALES VOLUME - CLC REVENUE EBITDA (Excl. Other Income) EBITDA (Incl. RMX) (MnT) (₹.Cr) (₹ Cr & Margin) (Excl. Other Income) (₹ /to
Slide 21: Ambuja Cement (Consolidated) Cement Business – cost per ton
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Ambuja Cement (Consolidated) Cement Business (% Change YoY) RAW MATERIAL POWER AND FUEL FREIGHT AND FORWARDING OTHER EXPENSES (₹/ton) (₹/ton) (₹/ton) (₹ /ton) 18% 10% 7% 11% 757 767 1,421 1,
Slide 22: Trade Sales amongst highest in the industry
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Trade Sales amongst highest in the industry Sept'24 Q Sept'23 Q Change Particulars Volume Volume % % (Volume) (MnT) (MnT) Region wise cement sales volume North 4.4 32% 4.1 31% 7% East 3.3 24
Slide 23: Capacity Utilization
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Capacity Utilization H1 FY'25 Regions Capacity Production Utilisation (MnT) (MnT) % North 10.9 8.9 82% East 8.7 7.5 86% South 5.7 3.4 60% Central 3.5 3.6 100% West 10.2 5.4 52% Total 38.9 28
Slide 24: Ambuja Cement (Standalone) Cement Business (% Change YoY)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Ambuja Cement (Standalone) Cement Business (% Change YoY) SALES VOLUME - CLC REVENUE EBITDA (Excl. Other Income) EBITDA (Excl. Other Income) (MnT) (₹ Cr) (₹ Cr & Margin) (₹/ton) 14% 6% 12% 2
Slide 25: Ambuja Cement (Standalone) Cement Business – cost per ton
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Ambuja Cement (Standalone) Cement Business (% Change YoY) RAW MATERIAL POWER AND FUEL FREIGHT AND FORWARDING OTHER EXPENSES (₹/ton) (₹/ton) (₹/ton) (₹/ton) 0.2% 27% 11% 11% 593 1,273 1,124 5
Slide 26: ACC (Consolidated) Cement Business (% Change YoY)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ACC (Consolidated) Cement Business (% Change YoY) SALES VOLUME - CLC REVENUE EBITDA (Excl. Other Income) EBITDA (MnT) (₹.Cr) (₹ Cr & Margin) (Excl. Other Income) (₹ /ton) 15% 5% 22% 32% 10.2
Slide 27: ACC (Consolidated) Cement Business – cost per ton
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ACC (Consolidated) Cement Business (% Change YoY) RAW MATERIAL POWER AND FUEL FREIGHT AND FORWARDING OTHER EXPENSES (₹/ton) (₹/ton) (₹/ton) (₹ /ton) 9% 23% 14% 15% 801 1,086 1,168 567 781 97
Slide 28: Capex updates
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Capex updates 27
Slide 29: Roadmap to 140 MTPA by 2028, @ 89 at present, 118 by 2026
ADANI GROUP AMBUJA CEMENT CEMENT PERFORMANCE PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Roadmap to 140 MTPA by 2028, @ 89* at present, 118 by 2026 Expansion Capacity(MTPA) Expected Status Update Project Clinker Cement completion Bhatapara Line 3 -Civil work 9
Slide 30: Clear roadmap to achieve targeted capacity of 140 MTPA
ADANI GROUP AMBUJA CEMENT CEMENT PERFORMANCE PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 36* 140 6 104 9 97 10 6 1 $ 2 77 2 68 1 Ambuja’s Ametha Sanghi Dahej Asian Ambuja’s My Home Penna Orient Ambuja’s Projects Ambuja’s Future Consolidated Consolidated Dec’23
Slide 31: Adani Cement – Capacity Enhancement Enablers
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Adani Cement – Capacity Enhancement Enablers Cement Capacity (Mn T) 1. Land: land already in possession/ available with group / in advance stages of acquisition 2. Limestone: Cumulative ~8.2
Slide 32: Ambuja Cement (consolidated): Cash & Cash Equivalents position
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Ambuja Cement (consolidated): Cash & Cash Equivalents position Synopsis of the movements in Cash & Cash Equivalent Particulars ₹ Crs Cash & Cash Equivalent for the last eleven quarters $ $ #
Slide 33: ESG Overview
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 04 ESG Overview 32
Slide 34: Adani Cement: Stakeholder value creation
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Adani Cement: Stakeholder value creation Environmental Society Governance − Committed to SBTi and GCCA for being Net − Spend made on various social development • Enhanced Governance - In add
Slide 35: ESG Framework
ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ESG Framework Adani Group Vision & ESG Framework Vision Policies Guiding principle To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through su
Slide 36: ESG Highlights Q2 FY'25 (Ambuja Consolidated)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ESG Highlights Q2 FY’25 (Ambuja Consolidated) Net Zero Commitment Renewable and Green Energy Circular Economy Carbon Emissions – Scope I Committed to Net Zero by 2050 with 18.2% Ambuja -2.1
Slide 37: ESG Ratings
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ESG Ratings RATING AGENCIES AMBUJA ACC DJSI(2023) 60 61 CDP - CC A- A- CDP - WS B B Sustainalytics 25.2 Medium 25.7 Medium risk risk MSCI B - With our Ongoing projects for Solar, Wind & WHRS
Slide 38: ESG Dashboard
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS ESG Dashboard Material topic Ambuja ACC UN SDGs * * Climate & Energy (Net specific CO2 emissions - Kg/T, without CPP) 453 529 400 458 Circular Economy (Use of waste derived resources MnT/yr)
Slide 39: Corporate Social Responsibility
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Corporate Social Responsibility 38
Slide 40: Corporate Social Responsibility (Ambuja Consolidated)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Corporate Social Responsibility (Ambuja Consolidated) Livelihoods Water Resource Management Quality Healthcare 12740 trainings on agricultural activities and 143 111 RRWHS constructed
Slide 41: Corporate Social Responsibility (Ambuja Consolidated)
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Corporate Social Responsibility (Ambuja Consolidated) Achievements Partnerships Anganwadi Participation certification for NABARD, HP sanctions a JIVA project to cover building well equip
Slide 42: Board & Committee Structure
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Board & Committee Structure * Board of Directors Statutory Committees Governance Committees Audit CSR Nomination & Corporate Public Info.Tech & Committee Committee Remuneration Committee Res
Slide 43: Accolades & Awards
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 05 Accolades & Awards 42
Slide 44: Accolades & Awards
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Accolades & Awards Ambuja Cements & ACC Recognised as ‘Iconic Brands of India 2024’ for the Third Consecutive Year Ambuja Cements’ Nalagarh plant received ‘Excellent Energy Efficient Award’
Slide 45: Abbreviations
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS 06 Abbreviations 44
Slide 46: Abbreviations
ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS Abbreviations ATGL Adani Total Gas Ltd MnT. Million Tonne ENOC Energy Network Operation Centre AEL Adani Enterprises Limited CLC Clinker and Cement FI Financial Institution APSEZ Adani Ports
Slide 47: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and futu