Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q4 FY23 Earnings Presentation
31 slides from Dalmia Bharat's earnings presentation, Apr 25, 2023
Slide 1: Exchange filing cover letter: Earnings Release Q4 FY23
File No: 1010/02 April 25, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort Mumbai - 400001 Bandra - Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai - 400 051 Symbol: DALBHARAT Subject: Earnings Release / Investo
Slide 2: Earnings Release Q4FY23 and FY23
EARNINGS RELEASE Q4FY23 and FY23
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Table of Contents
PA G E SECTION NO. 01. Key Highlights 4 02. Expansion & Capex Update 7 03. Q4 and FY23 Performance 10 TA B L E O F CO N T E N T S 04. ESG at Dalmia 19 05. Awards and Accolades 22 06. Annexures 28 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Financial Performance Capacity Additions ▪ Sales Volume for Q4FY23 increased 13.3% YoY to ▪ Increase in cement capacity at Lanka (1.3Mnt) and 7.4MnT; and 15.9% to 25.7MnT in FY23. Kapilas (0.3 MnT) respectively in Q4 FY23 ▪ Revenue for Q4FY23 increased 15.7% YoY to Rs 3,912Cr; ▪ Incre
Slide 7: Key Highlights
Key Highlights ESG Others ▪ CO2 emissions declined to 463kg/Ton* of cement In ▪ Pursuant to aim of becoming a pure-play cement player, FY23 from 489kg/Ton of cement in FY22. the company has entered into a binding agreement to sell its entire investment of 1,87,23,743 equity Shares of ▪ Renewable ene
Slide 8: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 7
Slide 9: Cement Capacity Expansion Plan – 46.6 MnT by FY24
Cement Capacity Expansion Plan – 46.6* MnT by FY24 Region Plant Capacity Closing Capacity FY22 35.9 East Bokaro, JH 0.6 North East Adhunik, ML 0.2 East Rajgangpur, OR 0.3 East Kapilas, OR 0.3 North East Calcom, AS 1.3 East Bokaro Line 2, JH 2.5 Capacity as in April 2023 41.1 East Medinipur , WB 0.6
Slide 10: Clinker Capacity Expansion Plan
Clinker Capacity Expansion Plan FY22 FY23 FY24E SOUTH 7.8 9.2 10.4 EAST 6.8 7.7 8.3 NORTH-EAST 2.3 2.7 2.9 WEST 2.0 2.1 2.1 TOTAL 18.9 21.7 23.7 (Figures in MnT) 9
Slide 11: Q4 & FY23 Performance
SECTION 03 Q4 & FY23 PERFORMANCE 10
Slide 12: Financial Performance: Sales Volume
Financial Performance Quarterly Sales Volume Yearly Sales Volume (MnT) (MnT) Growth: 13.3% Growth: 15.9% Growth: 17.9% 7.4 25.7 6.6 6.3 22.2 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 11
Slide 13: Financial Performance: Sales Revenue
Financial Performance Quarterly Sales Revenue Yearly Sales Revenue (Rs Cr) Growth: 15.7% (Rs Cr) Growth: 20% Growth: 16.6% 3,912 13,540 3,380 3,355 11,286 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 12
Slide 14: Operational Performance: Variable Cost
Operational Performance Quarterly Total Variable Cost* Yearly Total Variable Cost* (Rs/T) Increase: 8.5% (Rs/T) Increase: 19.3% Increase: 2.0% 2,198 2,137 2,181 2,010 1,843 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 13 * Includes Raw Material Consumed, Change in Stock, Purchase of Traded goods and Power & Fuel
Slide 15: Operational Performance: Logistics Cost
Operational Performance Quarterly Logistics Cost Yearly Logistics Cost (Rs/T) (Rs/T) Increase: 2.6% Decrease: 2.1% Decrease: 0.7% 1,130 1,088 1,114 1,106 1,060 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 ➢ Logistic Costs/T for Dalmia remains one of the Lowest in the Cement Industry 14
Slide 16: Operational Performance: Total Cost per Tonne
Operational Performance Total Cost /T 4,112 4,301 4,311 3,989 4,359 773 744 768 750 696 299 306 Others 273 257 335 1114 1088 Employee Costs 1106 1130 1060 Freight Charges Power & Fuel 1529 1172 1429 Raw Material Consumed 1331 1157 (Inc)/Dec in stock 778 695 805 716 760 -12 231 -197 -29 9 Q4FY22 Q3FY
Slide 17: Financial Performance: EBITDA
Financial Performance Quarterly EBITDA Yearly EBITDA (Rs Cr) (Rs Cr) Margins 20.2% 19.2% 18.1% 21.5% 17.1% Decline: 4.5% Increase: 3.5% Increase: 9.8% 2,426 707 2,316 683 644 Q4FY22 Q3FY23 Q4FY23 FY22 FY23 EBITDA declined during FY23 primarily due to increase in Input rates of Coal & Petcoke, offset
Slide 18: Financial Performance: Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.39x 0.29x (Rs Cr) 4049 3763 3151 3102 898 661 Dec'22 Mar'23 Gross Debt Cash & Cash Equivalents Net Debt 17 * Includes MTM value of IEX Investment (Q3FY23: Rs 1,863 cr ; Q4FY23: Rs 1703 cr )
Slide 19: Finance Cost
Finance Cost Q4FY23 64 (Rs Cr) Cost of Borrowing 7.6% Total Finance Cost Q4FY22 45 (Rs Cr) Cost of Borrowing 5.7% Total Finance Cost 18
Slide 20: ESG Update
SECTION 04 ESG UPDATE 19
Slide 21: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power 180 WHRS Solar 166 160 Total Renewable Power - MW 140 120 100 100 80 63 60 32 40 32 66 17 17 10 20 8 8 31 22 9 9 - FY19 FY20 FY21 FY22 FY23 ➢ In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040, the company plans to further a
Slide 22: CSR at Dalmia
CSR at Dalmia Major Initiatives DBF is now running 15 DIKSHA Centers in 8 states, with 3 ▪ Dalmia Institute of Knowledge & Skill Harnessing new additions in current Financial year. So far, 10,697 (DIKSHa), a skill training programme, actively trainees have been trained & 7711 trainees gainfully invo
Slide 23: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 22
Slide 24: Mines Environment and Mineral Conservation Week 2022-23
Mines Environment and Mineral Conservation week 2022-23 Kadapa Unit ❑ 1st Prize in Publicity and Propaganda ❑ Overall performance (2nd Prize) ❑ Mineral Beneficiation (2nd Prize) ❑ Systematic and Scientific Development (3rd prize) ❑ Sustainable Development (3rd prize) Belgaum Unit ❑ Overall first Pri
Slide 25: NCB International Conference on Cement, Concrete & Building Material
NCB International Conference on Cement, Concrete & Building Material Belgaum Unit ❑ Best Award for Environmental Excellence in Integrated Cement Plants Dalmiapuram Unit ❑ Second Consolation prize for Environmental Excellence in Integrated Cement Plants Ariyalur Unit ❑ Second Consolation prize for En
Slide 26: Other Awards and Accolades
Other Awards and Accolades Kalinga CSR Award 2022 CSR Excellence Award for Sustainable Livelihoods Our Rajgangpur & Kapilas units have jointly CSR, Rajgangpur team wins the CSR Excellence Award for Sustainable won the Kalinga CSR Award 2022 in the Gold Livelihoods by the Odisha CSR Forum category 25
Slide 27: Other Awards and Accolades
Other Awards and Accolades Institute of Supply Chain Quantic India CII Innovation Awards Green Maple Foundation Management Winner of “Best Supply Chain Belgaum Unit has been declared Bagged the prestigious title of Won Several Awards for Firm” Award in the Cement the winner of the CII 3R Awards “Bes
Slide 28: Safety of Our Workforce Continues to Gain Recognition
Safety of Our Workforce Continues to Gain Recognition International Fire and Security Mines Safety Week Observance National Safety Conclave Exhibition and Conference Kadapa Mine won for the 2nd Rajgangpur unit won Kalinga “Safety Kadapa unit wins IFSEC Excellence Award in Consecutive year at Mines S
Slide 29: Annexures
SECTION 06 ANNEXURES 28
Slide 30: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) FY23 FY22 With Restructuring Without Restructuring With Restructuring Without Restructuring Income from Operations 13,540 13,540 11,286 11,286 Less:-Operating Expenses 11,224 11,224 8,860 8,860 EBITDA 2,316 2,316 2,426 2,426
Slide 31: Thank You
CONTACT INFORMATION Thank You Corporate Office: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiacement.com