J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q2 FY24 Earnings Presentation
25 slides from J.k. Cement's earnings presentation, Nov 4, 2023
Slide 1: Outcome of the Board Meeting - Exchange Cover Letter
JKCL/35/SE/2023-24 (BM-5/23) 4th November, 2023 The Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Corporate Relationship Department, Bandra (E), Mumbai-400051 Phiroze Jeejeebhoy Towers, Scrip Code: JKCEMENT (ISIN.INE Dalal Street, Fort, Mumba
Slide 2: Investor Presentation Q2 FY24
Investor Presentation Q2 FY24
Slide 3: Agenda
Agenda 1 ESG & CSR Update 2 Company Overview 3 Q2 FY24 Performance
Slide 4: ESG & CSR
ESG & CSR
Slide 5: Key ESG Metrics and Sustainability Goals
Key ESG Metrics and Sustainability Goals Shaping a sustainable future CO2 Emission Green Power Mix Thermal Substitution Rate Water Positivity (Kg/Ton of Cementitious Material) (%) (%) (Times) 520 44 13.9 4.5 FY23 H1FY24 520 48 14.2 4.5 465 75 35 5 Target FY30 Specific Net Scope 1 emission Green Powe
Slide 6: JK Cement's Social Impact & CSR Outreach
JK Cement’s Social Impact & CSR Outreach Building resilient communities Social & CSR Expenditure ₹ 23.66 Cr 38% 35% 27% Education Community Development Rural Infrastructure & Health Contribution for upliftment of society & eradication of poverty Promoting higher education and over 3 Lakhs beneficiar
Slide 7: JK Cement's Social Impact & CSR Outreach (contd.)
JK Cement’s Social Impact & CSR Outreach (contd.) Aganwadi upgradation Construction of Road for village Contribution to JK Gram Panchayat Eye Flu mobile van camp organized Tailoring & Beautician training to women under Trust for Cattle Breeding self employment programme 6
Slide 8: Company Overview
Company os Overview yd
Slide 9: Company Snapshot
Company Snapshot Building on a strong foundation 20.7 MTPA 2.21 MTPA Launched J.K Maxx Paints in decorative paints space Grey Cement Capacity in U.P.,Rajasthan,Punjab,Haryana & Chandigarh White Cement & Wall Putty Capacity in India 151.13 MW 64.3 MW 86.83 MW Green Power Capacity Waste Heat Recovery
Slide 10: Promoting Renewable Energy
Promoting Renewable Energy Enhancing the share of clean Green energy Image to come from client 25.30MW 14.68MW Wind Power Generation Solar Power Generation (22 MW Agreement is till 31st Mar’24) 9
Slide 11: Ongoing Expansion
Ongoing Expansion Progress on track Cement Silo 1 Cement Mill Hopper Bhoomi Pujan Cement Silo (MCS) Greenfield Expansion at Ujjain (Grinding Unit) Greenfield Expansion at Prayagraj (Grinding Unit) 1.5 MTPA Status Update Capex YTD Sep’23 2.0 MTPA Status Update Capex YTD Sep’23 Additional Grey Cement
Slide 12: Performance Highlights Q2 FY24
Performance Highlights Q2 FY24
Slide 13: Key Performance Highlights for Q2FY24 – Grey Cement
Key Performance Highlights for Q2FY24 – Grey Cement Capacity Grey Volume Net Sales Blended Cement Premium Utilisation Realisation / Trade Mix Products Blended Cement 75% 3.9 ₹4,985 69% 13% Million per ton Trade mix of Trade Sales Tons 69% 12
Slide 14: Volume Highlights - Quarterly
Volume Highlights - Quarterly Sustained momentum Lakh Tons Grey Business White Business Combined 22% 19% 22% YoY YoY YoY 4 % 15 % 2 % QOQ QOQ QOQ 6.04 5.25 41.04 1.93 5.07 39.33 1.21 0.83 32.20 39.33 41.04 32.20 4.11 4.04 4.24 Q2FY24 Q1FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY23 Standalone
Slide 15: Standalone Financial Highlights
Standalone Financial Highlights Particulars (₹ Cr) Q2FY24 Q1FY24 QoQ Q2FY23 YoY Grey Net Sales 1960 2039 4% 1,553 26% White Net Sales* 516 502 3% 531 3% Total Net Sales 2,476 2,541 3% 2,084 19% Combined EBITDA 447 402 11% 304 47% *includes Paints 14
Slide 16: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars (₹ Cr) Q2FY24 Q1FY24 QoQ Q2FY23 YoY Grey Net Sales 1960 2,039 4% 1,553 26% White Net Sales* 703 641 10% 622 13% Total Net Sales 2663 2,680 1% 2,175 22% Combined EBITDA 467 408 14% 311 50% *includes Paints 15
Slide 17: Key Cost Variables
Key Cost Variables Petcoke pricing on increasing trend Pet coke 6.5% sulphur USA CFR Diesel Prices ($/MT) (₹/Litre) 218.5 194.0 185.0 187.7 171.3 175.3 177.0 178.8 93.10 92.70 92.70 92.70 162.8 145.0 132.3 126.0 125.0 109.8 109.8 Feb'23 Jul'22 Aug'22 Oct'22 Nov'22 Dec'22 Mar'23 Jul'23 Aug'23 Sep'23
Slide 18: Cost Trend (Standalone): Energy and logistics cost ease further
Cost Trend (Standalone) Energy and logistics cost ease further Energy Logistics (₹/MT) (₹/MT) 9% 3% YoY YoY 7 % QOQ 6 % QOQ 1505 1239 1192 1468 1160 1370 Q2FY24 Q1FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY23 7% reduction in fuel cost Lower due to reduction in lead distance and waiver of busy season surcharge 17
Slide 19: Cost Trend (Standalone): Operating De-leverage (QOQ)
Cost Trend (Standalone) Operating De-leverage (QOQ) Employee Other Expenses (₹/MT) (₹/MT) 1% 7% YoY 3 YoY % 13 % QOQ QOQ 385 380 1008 369 941 891 Q2FY24 Q1FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY23 Increased due to lower volumes Increased due to higher maintenance 18
Slide 20: Standalone Financial Statement
Standalone Financial Statement QoQ YoY Particulars (₹ Cr) Q2FY24 Q1FY24 Q2FY23 % Inc/Dec %Inc/Dec Net Sales 2476 2541 3% 2084 19% Rev from Operations 2571 2624 2% 2143 20% Operating Expenses 2124 2222 4% 1839 15% EBITDA 447 402 11% 304 47% Margins % 18.0% 15.8% 220 bps 14.5% 340bps Depreciation 120
Slide 21: Consolidated Financial Statement
Consolidated Financial Statement QoQ YoY Particulars (₹ Cr) Q2FY24 Q1FY24 Q2FY23 % Inc/Dec %Inc/Dec Net Sales 2663 2680 1% 2175 22% Rev from Operations 2753 2762 0.3% 2234 23% Operating Expenses 2286 2354 3% 1923 19% EBITDA 467 408 14% 311 50% Margins % 17.5% 15.2% 220 bps 14.3% 320 bps Depreciation
Slide 22: Consolidated Debt Profile
Consolidated Debt Profile Gross Debt Cash Net Debt 1621 (₹ Cr) (₹ Cr) (₹ Cr) 3036 2913 4534 1650 4515 1479 1450 1250 FY24* FY23 FY24* FY23 FY24* FY23 Net Debt/EBITDA Equity Net Debt/Equity (₹ Cr) 2.21 0.63 2.08 0.63 4831 4640 FY24* FY23 FY24* FY23 FY24* FY23 *As on 30th Sep, 2023 21
Slide 23: Awards & Accolades
ENERGY SAVIOUR FOR THREE CONSECUTIVE YEARS ¥ NATIONAL enercy UV EXCELLENT ENERGY \) V4 Celebrating JK Cement Works, Jharli for shining with Double Honour “Best Energy Efficient Organisation” "Best Energy Efficient Designated Consumer Under BEE PAT Scheme" At the 7" edition of the Cll National Energy
Slide 24: Foundation stone laying ceremony at Varanasi Cricket Stadium
Proud to be part of historic foundation stone laying ceremony at Varanasi Cricket Stadium Honorable Prime Minister, Shri Narendra Modi was welcomed and greeted by Dr.Nidhipati Singhania, Vice Chairman,J.K.Cement Ltd. & President ,UPCA at the foundation stone laying ceremony of International Cricket
Slide 25: Thank You
Thank You