Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q3 FY23 Earnings Presentation
31 slides from Nuvoco Vistas's earnings presentation, Feb 6, 2023
Slide 1: Exchange filing cover letter
~ ® NUVOCO VISTAS CORP. LTD. N Uv OCO Shaping a new world ~ Ref. No.: Sec/147/2022-23 February 6, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers , Exchange Plaza , C-1 , Block G, Dalal Street, Fort, Mumbai - 400 001 Bandra Kurla Complex, Bandra (East), Scrip Code
Slide 2: Investor Presentation
Nu oco® Shaping Q neUJ UJOTld Investor Presentation Third quarter and nine months ended December 31, 2022 February 06, 2023 1
Slide 3: Safe harbour clause
Safe harbour clause ~ N Uv OCO ® Shaping new WOTld Q ~ Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements”. Actual results could differ materially from those expressed or implied. Important factors that cou
Slide 4: Company Overview
~ NU" OCO® Sl\aping a new woTld ~ 01 Company Overview 3
Slide 5: Nuvoco – A major player in building materials space
Nuvoco – A major player in building materials space ✓ 5th largest cement group in India ✓ Market leading brands with significant and leading player in East India market share, reputation and brand recall ✓ Installed cement capacity of 23.8 ✓ Focused on retail with major revenue MMTPA and 50+ ready-m
Slide 6: Performance snapshot for the quarter
Performance snapshot for the quarter Launched super premium Revenue from operations cement variant - ‘Concreto increased by 20% YoY UNO’ Cement sales volume Alternate Fuel (TSR) share improved by 6% YoY improved 4% YoY Premium share of products Ready-Mix Concrete and improved 3% YoY to 37% of Modern
Slide 7: Economy & Industry
~ NU" OCO® Sl\aping a new woTld ~ 02 Economy & Industry 6
Slide 8: Union Budget 2023-24 reinforces infrastructure focus
~ Union Budget 2023-24 reinforces infrastructure focus NU" OCO® Sl\aping a new woTld ~ Increased capital investment outlay Enhanced outlay for Pradhan Mantri > by 33% to Rs 10 lakh crore > Awas Yojana by 66% to over Rs 79,000 crore Identified 100 transport infrastructure Continuation of 50-year inte
Slide 9: Indian economy is exhibiting resilience
~ Indian economy is exhibiting resilience NU" OCO® Sl\aping a new woTld ~ PMI continues to be in expansion mode ▪ Indian economic growth in FY23 is principally led by private consumption and capital formation; GDP 60 growth in FY24 is expected at 6.0-6.8% 57.8 50 ▪ Broad based demand conditions have
Slide 10: Robust demand drivers
Robust demand drivers ~ ® N Uv OCO Sl\aping a new woTld ~ ▪ Housing demand remains strong with rapid ▪ Government capital expenditure as a percentage of urbanization, rising per capita income and family GDP is on the rise nuclearization ▪ Rural demand to improve with better winter crop, ▪ New invest
Slide 11: Business update
03 Business update 10
Slide 12: Launched Concreto UNO – a super premium cement variant
Launched Concreto UNO – a super premium cement variant ▪ Concreto UNO has unique water-repelling properties which protects the house from water ingress, dampness and efflorescence, resulting in higher durability and better surface finish protection from harmful waterborne environmental pollutants. 1
Slide 13: Reinforcing brand strength through phygital consumer connect
Reinforcing brand strength through phygital consumer connect N~ 9w(O' Sl\aping a ~ Tld / /.,,,------ -' ' /.,,,------ -' ' ~-~-=:::1!!11• '\ / '\ ,1 f I - ..W oco ·::,., - [i] NUVO NIRMAAN \ I I I I I I \ I I I CAPTAIN I I I I NUVOCO ~ I I I I W TH "' LP MOMI COfUTIIIUC'TIOH HffDS. I I I I I I I I I
Slide 14: 1.2 MTPA cement capacity expansion at Bhiwani on-going
~ 1.2 MTPA cement capacity expansion at Bhiwani on-going NU" OCO® Sl\aping a new woTld ~ Clinker Silo, Bhiwani Cement Plant Cement Silo, Bhiwani Cement Plant I I I I Civil and fabrication advancement is on mark; all major orders have been released I I ------------------------------------------------
Slide 15: Debottlenecking & Sustainability projects
~ Debottlenecking & Sustainability projects Nl)" OCO® Sl\aping a new WOTld ~ Debottlenecking projects ▪ Clinker capacity enhancement project through debottlenecking at Nimbol and Risda ▪ Projects to improve clinker availability in North and East Placement of Roller press at Nimbol Cement Plant Susta
Slide 16: Internal levers continue to support in high cost environment
Internal levers continue to support in high cost environment N ~U a Onew o· Sl\aping WOTld ~ ---------\ ( I Project SPRINT 01 000 I I o0,o °'oo Price Acceleration Program I I I } \. _____ _ ./ ( \ Procurement synergy I I I\. 02 _____ _ Operational efficiency through CPP and WHR I I I } ----------\ (
Slide 17: RMC and MBM businesses on a growth trajectory
~ RMC and MBM businesses on a growth trajectory Nl)" OCO® Sl\aping a new WOTld ~ Ready-Mix Concrete (RMC) ▪ 50+ operational plants across India ® Modern Building Materials (MBM) ▪ Construction chemicals and tile adhesive segments continue to witness sales improvement ▪ Continuous thrust to improve p
Slide 18: Awards & recognitions showcasing our achievements
Awards & recognitions showcasing our achievements 0A Chittorgarh Cement plant won National Award for circular economy in the 17th NCB International Conference for Cement A B 0B Won the Golden Peacock Award for Excellence in Corporate Governance Nuvoco Vistas Corp. Ltd. 0C Recognized as the Most Pref
Slide 19: Sustainability & CSR
~ NU" OCO® Sl\aping a new woTld ~ 04 Sustainability & CSR 18
Slide 20: Sustainability – a key thrust area
Sustainability – a key thrust area Cement to Clinker ratio (x) One of the lowest carbon footprint in the industry with net carbon emission at 478 kg CO2 per ton cementitious materials in FY22 1.8 1.5 1.3 One of the largest producer of blended cement; share of Composite cement improved 8% YoY in 9M F
Slide 21: Added ultra-modern Aluminium Body Trucks to further sustainability goals
Added ultra-modern Aluminium Body Trucks to further ~ NU" OCO® sustainability goals Sl\aping a new woTld ~ The introduction of lighter Aluminium body trucks for cement dispatches – a first in the industry – will help reduce ~28 tCO2/vehicle in its life-cycle by reducing fossil fuel consumption leadi
Slide 22: Touching lives of communities through our CSR activities
~ Touching lives of communities through our CSR activities NU" OCO® Sl\aping a new woTld ~ Shikshit Swastha Saksham Sangrahit Sanrachit Bharat Bharat Bharat Bharat Bharat Organized special Conducted awareness Trained 250+ members Promoted unique model Established ‘Village coaching classes & campaign
Slide 23: Introduced Nuvo Mason - a Masonry Skill Development Program
Introduced Nuvo Mason - a Masonry Skill Development ~ NU" OCO® Program 51\aping a new world ~ The program comprises 300 hours of training on application of brick masonry, plastering, putty, tile masonry and PCC work certified by NSDC It aims at enhancing the masonry skills of youth and construction
Slide 24: Key Financials
~ NU" OCO® Sl\aping a new woTld ~ 05 Key Financials 23
Slide 25: Price hikes remain essential to mitigate lingering high-cost
~ Price hikes remain essential to mitigate lingering high-cost NU" OCO® Sl\aping a new woTld ~ Market Prices Cost Q3 FY23 ▪ Cement demand in East and ▪ Prices improved in Oct’22 and ▪ Cost pressure continued during North witnessed double digit Nov’22 with pick up in East the quarter; cost increased
Slide 26: Key consolidated financial indicators
~ Key consolidated financial indicators NU" OCO® Sl\aping a new woTld ~ Cement Volumes Total Revenue Total EBITDA (MMT) (Rs. crores) (Rs. crores) Q3 FY23 4.5 2,605 272 9M FY23 13.6 7,658 841 I I Revenue improved 20%YoY in Q3 FY23 on the back of higher volumes and better prices I I '-----------------
Slide 27: Key cement cost elements in Q3 FY23
~ Key cement cost elements in Q3 FY23 NU" OCO® Sl\aping a new woTld ~ Raw Material cost Power & Fuel cost Distribution cost 699 1,611 1,450 (Rs./t) (Rs./t) (Rs./t) Increased by 21% YoY Increased by 25% YoY Increased by 5% YoY Increase in slag consumption cost with External pressure from high energy
Slide 28: Focus upon strengthening balance sheet
~ Focus upon strengthening balance sheet NU" OCO® Sl\aping a new woTld ~ Net debt as at month end (Rs. Crores) Nuvoco’s Interest rate vs. repo rate 6,730 160 8.1% 9.0 % 8.0 % 140 6.9% 5,347 5,283 5,165 7.0 % 5,064 120 6.0 % 6.25% 5.0 % Repo rate 100 4.0 % Interest rates (%) 80 4.0% 3.0 % Mar'21 Mar'
Slide 29: Consolidated income statement
~ Consolidated income statement NU" OCO® Sl\aping a new woTld ~ (All amount in Rs. crores) Q3 FY23 Q3 FY22 9M FY23 9M FY22 Total Income 2,609 2,180 7,668 6,415 Cost of materials consumed 469 374 1,322 1,046 Purchase of stock in trade 11 10 33 26 Changes in inventories (110) (140) (211) (296) Power a
Slide 30: Summary
Summary ~ Nu/ oco® Sl\apin g a new world ~ ✓ Continuous thrust by the Indian Government on infrastructure spending ✓ Strong foothold in East markets to capitalize on the robust demand in the region ✓ North expansion with an aspiration to diversify market base is on track ✓ Persistent product innovat
Slide 31: Contact
Contact Nuvoco Vistas Corporation Limited Corporate Identity Number: L26940MH1999PLC118229 Registered and Corporate Office: Equinox Business Park, Tower 3, East Wing, 4th Floor, LBS Marg, Kurla (West), Mumbai - 400 070, Maharashtra, India; Website: www.nuvoco.com Company Contact Ms. Madhumita Basu;