Bua Cement Plc · NSENG:BUACEMENT
Bua Cement — FY2023 Earnings Presentation
16 slides from Bua Cement's earnings presentation, Mar 21, 2024
Slide 1: Reinforcing Purpose: Presentation to Analysts and Investors for Full Year 2023
Reinforcing Purpose Presentation to Analysts and Investors for Full Year 2023 21 March 2024 BUA Cement Plc RC1193879 1
Slide 2: Disclaimer
Disclaimer Unless otherwise indicated, the financial information provided herein has been prepared under International Financial Reporting Standards (IFRS). This presentation contains forward-looking statements and information. Forward-looking statements and information are statements that are not h
Slide 3: Quality cement you can trust
Quality cement you can trust © SOKOTO CEMENT BUA Weight 50 +1kg | CEMENT | MANUFACTURED BY Fey nro NESTE aus CEMENT eecroruanr’ | Weight 50 + 1kg 4 e Z ve = my ©) < ~ ina) PORTLAND -LINESTONE
Slide 4: Content
Content Our Company Philosophy 05 Company Overview 06 Performance Highlights 10 Strategic Priorities Highlights 14 Sustainability highlights 15 4
Slide 5: Our Philosophy
Our Philosophy Our Vision Our Mission Our Value Proposition To be a highly competitive To produce and market high We are a professional supplier of premium market leader in Nigeria quality cement for national brand cement and provide reliable delivery development to our customers with application tr
Slide 6: Company Overview
Company Overview Largest Cement producer 4 Modern lines N3.3 trillion in the North-West, South-South Operational across 2 States Market capitalisation as at 1EHS led by United Nations SDGs and South-East December 2023 & the IFRS ISSB 17 N460 billion 11 11 (FY2022: N361 billion) Revenue 8 8 8 5 3.5 3
Slide 7: Flawless Execution, Disciplined Approach
Flawless Execution, Disciplined Approach Incorporation of CCNN; Commissioned its Listed on the Nigeria FGN divested its BUA International Obu Cement Scancem divested its commenced operation 0.5mmt (Line-2), with Line majority holding to Limited acquired Damnaz commenced Stock Exchange (NSE), majorit
Slide 8: Strategic Positioning, Increasing Market Presence
Strategic Positioning, Increasing Market Presence Sokoto Plant Sokoto State Line 2 0.5MMTPA Line 3 1.5MMTPA Line 4 3MMTPA Line 5 3MMTPA (Q1’2024) BUA Cement Plc Obu Plant Head Office Edo State Victoria Island, Lagos, Nigeria Line 1 3MMTPA Line 2 3MMTPA Line 3 3MMTPA (Q1’2024) 8
Slide 9: BUA Cement (Sokoto)
BUA Cement (Sokoto) Ariel view of the Sokoto line 5 9
Slide 10: Highlights from FY2023 – Top-line Growth Aided by Price and Volume Increase
Highlights from FY2023 – Top-line Growth Aided by Price and Volume Increase PERFORMANCE 1 SUSTAINABILITY 7 We are committed to minimizing the impact Business performance sustained by volume of our activities on people and the and price increase, though muted by environment, engagement with stakehold
Slide 11: Margin Contraction Amid Rising Costs and Controlled Pass-Through Costs
Margin Contraction Amid Rising Costs and Controlled Pass-Through Costs 1 Revenue per ton (N’000) 2 EBITDA (N‘bn) 3 EBITDA Margin 68.3 169.3 42.8% 57.5 155 36.8% 2023 2022 2023 2022 2023 2022 • Revenue per ton increased by 18.7% to N68,293/ton from N57,511/ton, as at FY 2022. EBITDA increased by 9.6%
Slide 12: Price and Stable Volume Growth Sustains EBITDA
Price and Stable Volume Growth Sustains EBITDA N’billions • Revenue increased by 27.4% or N99 billion to N460 billion from N361 billion (2022), due to price increases and volume growth. • Cost of sales rose by 39.5% or N78.1 billion to N276 billion from N197.9 billion (2022), primarily from increase
Slide 13: Rising Costs Impact in a High Inflationary Environment
Rising Costs Impact in a High Inflationary Environment Cost of sales Energy cost SD&A per ton (N‘000) per ton (N‘000) per ton (N‘000) 41 18.3 31.5 14.5 6.1 4.8 2023 2022 2023 2022 2023 2022 • Cost of Sales per ton rose by 30% to N40,983/ton from N31,535/ton, as at 2022. This was largely due to incre
Slide 14: Reinforcing Purpose – Strategic Priorities
Reinforcing Purpose – Strategic Priorities Sustaining Synergy New Markets Expansion Innovation Sustainability • Drive continued revenue and • Increase customer • Construction of lines 3 • Deploy solutions that • Transition from Heavy Fuel cost synergies across portfolio and capture new & 5 at Obu an
Slide 15: Sustainability - Impact Footprint
Sustainability - Impact Footprint “ Our social impact was enhanced with the launch of 49 initiatives across local communities, focusing on education (35%), health (33%), WASH1 (16%), infrastructure (12%) Energy and empowerment (4%). Greenhouse Gas Management Furthermore, we created over 58 Emissions
Slide 16: Thank You
BUA Cement Plc RC 1193879 Thank You BUA Cement Plc 5th Floor, BUA Towers PC 32, Churchgate Street Victoria Island, Lagos, Nigeria Email: investor.relations@buacement.com 16