Lucky Cement Ltd. · PSX:LUCK
Lucky Cement — FY2022 Earnings Presentation
26 slides from Lucky Cement's earnings presentation, Aug 5, 2022
Slide 1: Analyst Briefing FY 2021-22
Analyst Briefing FY 2021 - 22 05th Aug’2022 lucky-cement.com
Slide 2: Group Overview
Group Overview Building Material Automobile Electronics Chemicals, Agri Science, Animal Health, Pharma, Nutrition Power 2
Slide 3: Key Messages
Key Messages Line -2 and 34 MW Solar Proactive procurement of LEPCL adding to the Power Project in Pezu to coal and operational profitability of the group for come online during 1HFY23 efficiencies helped margins the first year Depreciating currency and International cement ops see ICI announced div
Slide 4: Industry Volumes & Market Share FY-22
Industry Volumes & Market Share FY - 22 lucky-cement.com
Slide 5: Domestic Sales Volumes & Market Share
Domestic Sales Volumes & Market Share The domestic sales of the company decreased 0.3mn tons to 7.3 mn tons in FY22, down by 3.9%. During FY22, the domestic market share of the company dropped 27bps to 15.3% compared to 15.7% in same period last year. Local Sales Volumes (in mn tons) Market Share FY
Slide 6: Export Sales Volumes & Market Share
Export Sales Volumes & Market Share The export sales volumes of the company decreased by 0.6mn tons to 1.8 mn tons in FY22, down by 25.5% due to an increase in input costs, political and economic uncertainty in Afghanistan and Sri Lanka, and high freight costs globally. During FY22, the export marke
Slide 7: Export Destinations
Export Destinations FY22 FY21 Others China Others 4% China 5% Afghanistan 3% 3% Bangladesh 3% Afghanistan 22% Bangladesh 9% Other regions 32% of Africa 14% South Africa 13% Madagascar 16% Madagascar Srilanka 14% 34% Srilanka 28% 7
Slide 8: Standalone Key Figures FY-22
Standalone Key Figures FY - 22 lucky-cement.com
Slide 9: Standalone Financial Figures for FY22
Standalone Financial Figures for FY22 All numbers in PKR billion except EPS Sales Revenue Gross Profit Operating Profit 29% 19% 27% FY22 FY21 FY22 FY21 FY22 FY21 81.1 Billion 62.9 Billion 22.6 Billion 19.0 Billion 16.3 Billion 12.8 Billion Other Income EBITDA Profit After Tax 23% 21% 9% FY22 FY21 FY
Slide 10: Fragmentation of Other Income for FY22
Fragmentation of Other Income for FY22 Other income clocks-in at PKR 7.4bn for FY22: PKR 800mn is a one-off fee charged for technical services to our joint venture Income from deposits (NYA) established in Congo, while PKR and supply of surplus 1bn (USD ~1.3mn/quarter) is for FY22. electricity to HE
Slide 11: Highest Ever Profitability
Highest Ever Profitability Profit after Tax increased by 9% YoY in FY22 to PKR 15.3B compared to PKR 14.1B in FY21 Highest ever profits recorded in the outgoing financial year due to operational efficiencies and cost optimization. Unconsolidated PAT PKR million 15,299 16,000 13,692 14,070 12,944 12,
Slide 12: Consolidated Key Figures FY-22
Consolidated Key Figures FY - 22
Slide 13: Key Figures
Key Figures Consolidated: FY 2022 REVENUE EBITDA PAT EPS (Rs) 331.5 36.4 91.2 57.3 28.2 70.7 29% 40% 29% 207.2 40.9 60% FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 All numbers in PKR billion except EPS 14
Slide 14: Consolidated Net Revenue
Consolidated Net Revenue FY 21 FY 22 %∆ 207.2 331.5 ↑60% Cement Chemicals Auto & Mobile Assembly Power 124.6 100.9 81.1 29% 64.8 79.9 63.0 56% 56% 26.0 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 All numbers in PKR billion except EPS 15
Slide 15: Consolidated Operating Profit
Consolidated Operating Profit FY- 21 FY - 22 %∆ 32.6 46.3 ↑42% Cement Chemicals Auto & Mobile Assembly Power 16.3 13.8 12.8 27% 10.4 72% 8.7 8.0 17% 6.2 (0.1) FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 All numbers in PKR billion except EPS 16
Slide 16: Highest Ever Consolidated Profits
Highest Ever Consolidated Profits The consolidated profit of the company increased by 29% YoY in FY22 to PKR 29.5B The overall performance of the Group remained impressive. Such performance is evident from the growth in revenues and profitability compared to last year and is an affirmation of the su
Slide 17: Cement Operations FY-22
Cement Operations FY - 22 lucky-cement.com
Slide 18: Utilization Levels
Utilization Levels CLINKER Karachi Pezu 95% 83% 83% 83% 81% 78% 78% 74% 64% 62% Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 CEMENT Karachi Pezu 72% 69% 73% 70% 68% 66% 70% 70% 71% 52% Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 19
Slide 19: Sales & Market Share
Sales & Market Share Sales - Million Tons FY21 FY22 5.24 4.91 2.31 2.38 1.57 1.00 0.84 0.79 North South Exp Cement Exp Clinker Market Share FY21 FY22 34% 31% 29% 26% 13% 13% North South Export 20
Slide 20: Foreign Operations FY-22
Foreign Operations FY - 22 lucky-cement.com
Slide 21: Rising Overseas Returns
Rising Overseas Returns A 50:50 JV with Al Shumookh A 50:50 JV with Al Shumookh Construction A 50:50 JV with Rawsons Investments Joint Venture Construction Materials Trading, a local Materials Trading, a local partner Limited, a local partner partner Al Mabrooka Cement Manufacturing Nyumba Ya Akiba,
Slide 22: Future Plans & Outlook FY-22
Future Plans & Outlook FY - 22 lucky-cement.com
Slide 23: Outlook
Outlook The commodity super cycle, which started last year post-pandemic, continues to persist. This has been further aggravated by the ongoing Russia-Ukraine conflict. Challenges persist relating to the economy post increase in utilities & fuel prices, higher inflation, interest rates, and currency
Slide 24: Q&A
Q&A 26
Slide 25: Group's Organogram
Group’s Organogram Lucky Cement Limited Holding Company Lucky Electric Power Lucky Motors Lucky Holdings LCL Investment Yunus Energy ICI Pakistan Limited Company Corporation Limited Holdings Limited Limited 55% 100% 71.14% 75% 100% 20% ICI Pakistan NutriCo Morinaga NutriCo Pakistan LuckyRawji Holdin
Slide 26: Disclaimer
Disclaimer This presentation has been prepared by Lucky Cement Limited solely for information purposes. No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any op