Slide 1: Sustaining Profitable Growth
Sustaining Profitable Growth First Quarter 2023 Presentation to Investors and Analysts 11 May 2023 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: #TheKingOfStrength
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Slide 4: Content
Content Our Company Philosophy 05 Company Overview 06 Performance Highlights 10 Sustaining Profitable Growth 15 Leading through Sustainability 16 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 Best Premium Quality in the North-West, South-South Operational across 2 States Market capitalisation as at Cement Brand and South East March 2023 11 1EHS led by United Nations SDGs N106.4 billion 8 8 8 (Q1’2022: N97 billion) Reve
Slide 7: Flawless Execution, Disciplined Approach
Flawless Execution, Disciplined Approach Incorporation of CCNN; Commissioned its 0.5mmt Listed on the Nigeria Stock FGN divested its Scancem divested its BUA International Limited commenced operation in (Line-2), with Line -1 Exchange (NSE), resulting majority holding to majority holding to Damnaz a
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 (2024) BUA Cement Plc Obu Plant Head Office Edo State Victoria Island, Lagos, Nigeria Line 1 3MMTPA Line 2 3MMTPA Line 3 3MMTPA (2024) 8
Slide 9: BUA Cement (Sokoto)
BUA Cement (Sokoto) Construction works on Sokoto line 5 9
Slide 10: Highlights from Q1'2023 – General Elections and Cash Scarcity Impedes Performance
Highlights from Q1’2023 – General Elections and Cash Scarcity Impedes Performance PERFORMANCE 1 SUSTAINABILITY 7 We are committed to minimizing the impact Business performance impeded by the of our activities on people and the government’s currency redesign policy, environment, engagement with stake
Slide 11: Balancing Rising Costs and Margin Preservation
Balancing Rising Costs and Margin Preservation 1 Revenue per ton (N’000) 2 EBITDA (N‘bn) 3 EBITDA Margin 66.3 47.7% 55.9 42.3% 46.3 45 Q1'2023 Q1'2022 Q1'2023 Q1'2022 Q1'2023 Q1'2022 • Revenue per ton increased by 18.5% to N66,250/ton from N55,904/ton, as at Q1’2022; the result of price adjustments
Slide 12: EBITDA Evolution … Cost Pressures Constrains EBITDA Growth
EBITDA Evolution … Cost Pressures Constrains EBITDA Growth (Δ;y/y) EBITDA (Q1'2023) 45 SD&A (net) (3.5) Cost of sales (7.2) Revenue 9.4 EBITDA ( Q1'2022) 46.3 (10) 0 10 20 30 40 50 N’billion • Revenue increased by 9.7% or N9.4 billion to N106.4 billion from N97 billion (Q1’2022), given the price inc
Slide 13: Inflationary Pressures and Continued Cost Containment
Inflationary Pressures and Continued Cost Containment Cost of sales Energy cost SD&A per ton (N‘000) per ton (N‘000) per ton (N‘000) 34.9 14.3 28.1 12.6 4.5 3.4 Q1'2023 Q1'2022 Q1'2023 Q1'2022 Q1'2023 Q1'2022 • Cost of sales per ton rose by 24% to N34,870/ton from N28,124/ton, as at Q1’2022. This wa
Slide 14: BUA Cement (Obu)
BUA Cement (Obu) Construction works on Obu line 3 14
Slide 15: Sustaining Profitable Growth– Strategic Priorities
Sustaining Profitable Growth– 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 a
Slide 16: BUA Cement and Sokoto Cement are products of BUA Cement PLC
*BUA Cement and Sokoto Cement are products of BUA Cement PLC. 16
Slide 17: 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 17