Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q2 FY25 Earnings Presentation
23 slides from Nuvoco Vistas's earnings presentation, Oct 23, 2024
Slide 1: Exchange cover letter for investor presentation
Ref. No.: Sec/109/2024-25 October 23, 2024 BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Fort, Mumbai – 400 001 Exchange Plaza, C–1, Block G, Scrip Code: 543334 Bandra Kurla Complex, Bandra (East), Scrip ID: NUVOCO Mumbai – 400 051 Trading Symbol:
Slide 2: Investor Presentation – Second quarter ended September 30, 2024
Investor Presentation Second quarter ended September 30, 2024 October 23, 2024 1
Slide 3: Safe harbour clause
Safe harbour clause 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 could make difference to the Company’s
Slide 4: Company overview
Company overview 3
Slide 5: Major player in building materials space
Major player in building materials space 25 MTPA 13.5 MTPA 55 Cement capacity Clinker capacity RMX plants1 22 50 MW 457 kg/t States served2 Green power portfolio3 CO2 emission4 Vision - Building a Safer, Smarter and Sustainable World Mission - Leading Building Material Company Delivering Superior Pe
Slide 6: Core strengths
Core strengths Premium Product Production Cost leadership Robust distribution Portfolio network Market leading brands: Strategically located Continuous focus on Trade focus with Concreto has significant production facilities in operational excellence; extensive sales and market share in the close pr
Slide 7: Q2 FY25 consolidated performance at a glance
Q2 FY25 consolidated performance at a glance Focus on cost optimization in a weak demand environment 4.2 MMT1 ₹ 2,269 Cr. ₹ 229 Cr. Cement sales volume Revenue EBITDA Other key highlights ✓ Premiumisation stood at 43% of trade volumes ✓ Blended fuel cost of ₹ 1.54/ Mcal - lowest in the last 12 quart
Slide 8: Economy and Industry
Economy and Industry 7
Slide 9: Challenging operating environment
Challenging operating environment Capex yet to gather pace in FY25 YTD Aug figure in ‘000 ₹ Cr.1 3.3 17.8 8.8 (-37% YoY) 3.4 (-9 % YoY) Union Govt. 300.9 State Govt. (-6% YoY) (-28% YoY) (-19% YoY) 6.6 (-19% YoY) West Bengal Bihar Chhattisgarh Haryana Gujarat Record 4-year high monsoon hampered Manu
Slide 10: Demand contingent upon pick up in Budgeted project execution
Demand contingent upon pick up in Budgeted project execution July’24 Aug’24 H2 FY25 Union Budget announcement Finance bill approved Pick up in fund flow and project execution at ground level remains a key monitorable ~ ₹ 11.11 lakh Cr. infrastructure investment budgeted by Central Government in FY25
Slide 11: Business update
Business update 10
Slide 12: Railway siding projects status
Railway siding projects status Sonadih Odisha New clinker wagon loading system is Commissioning expected by Q4 FY25 commissioned 11
Slide 13: RMX and MBM offers additional avenues for growth
RMX and MBM offers additional avenues for growth Ready-Mix Concrete (RMX) Modern Building Materials (MBM) ✓ Currently, 55 plants across India ✓ Tile application range and cover blocks witnessed sales improvement ✓ New products launched in FY25 gaining traction ✓ Non cement channel continues to show
Slide 14: Awards and recognitions showcasing our accomplishments
Awards and recognitions showcasing our accomplishments 13 “Excellence in Energy Management “Excellent Energy Efficient Unit Award” “SEEM2 Platinum Award” to Chittor Award” to Jojobera cement plant for to Chittor cement plant by CII1 for cement plant for best practices in the implementing best in cla
Slide 15: Sustainability and CSR
Sustainability and CSR 14
Slide 16: Sustainability – a key thrust area
Sustainability – a key thrust area Carbon emission3 (kg CO2/ton) 580 Specific CO2 emissions at 1,08,000+ tons of waste utilized 511 4571 kg /t of cementitious as fuel in plants under circular 457 materials economy initiative in H1 FY25 Global India Nuvoco Average Average FY24 Cement to clinker ratio
Slide 17: Social initiatives and community engagement
Social initiatives and community engagement 145+ members trained Extended support for Health camps Infra related activities under “Nuvo-Mason” - education of 150+ organised across undertaken across a masonry skill children across locations, benefitting villages, benefitting development program locat
Slide 18: Key financials
Key financials 17
Slide 19: Industry awaits demand momentum; recovery relies on infra project execution
Industry awaits demand momentum; recovery relies on infra project execution Market Prices Cost ✓ Cement demand remained weak ✓ Pan-India prices remained under ✓ Raw material costs broadly due to delay in onground execution pressure and declined by stable QoQ, while fuel cost Q2 FY25 of projects anno
Slide 20: Cost efficiency in focus – Q2 FY25
Cost efficiency in focus – Q2 FY25 Power Powerand & fuel cost1 1 fuelcost Blended fuel cost (₹/ Mcal) - lowest in the last 12 quarters (₹/t) 2.64 2.74 2.28 2.31 2.05 1.91 1.94 1.74 1.67 1.63 1,219 1.57 1.54 1,076 1,046 1.40 1.21 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 FY24 Q1 FY25 Q2 FY25 FY22
Slide 21: Consolidated income statement
Consolidated income statement (₹ Cr.) Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Total Income 2,579 2,641 2,279 5,394 4,920 Cost of materials consumed 441 482 415 928 897 Purchase of stock in trade 11 56 67 22 123 Changes in inventories 18 (13) (11) (25) (24) Power and fuel 537 515 453 1,160 967 Freigh
Slide 22: Summary
Summary ✓ Demand remained muted due to challenging macro Panagarh Cement Plant environment ✓ Timing and pace of recovery depend on the on- ground execution of infrastructure and housing programs announced by the government ✓ Near-term headwinds arise from demand-supply imbalances while cost control
Slide 23: Thank you
Thank you Nuvoco Vistas Corporation Ltd. 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 Contacts Madhumita Basu; Emai