Acc Limited · NSE:ACC
Acc — Q2 2010 Earnings Presentation
15 slides from Acc's earnings presentation, Jul 22, 2010
Slide 1: Performance Review Q2'2010 & H1'2010
Performance Review Q2’2010 & H1’2010 J l 22 July 22, 2010 1 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 2: Financial Results – ACC – Standalone
Financial Results – ACC – Standalone (Rs. Crores) Particulars Q2 H1 2009 2010 change 2009 2010 change Net Sales 2081 2021 -3% 4136 4123 - Other Op. Income 39 42 8% 65 76 17% Raw Materials -228 -283 -24% -434 -531 -22% Employee Cost -97 -106 -9% -176 -196 -11% Power & Fuel -374 -393 -5% -785 -786 - F
Slide 3: EBITDA [Rs/T] lower by ~23% on Y-o-Y & 9% on Q-o-Q basis
EBITDA [Rs/T] lower by ~ 23% on Y-o-Y & 9% on Q-o-Q basis. INCOME STATEMENT [Rs/T] (Rs/Ton) Q2'10 Q2'09 YoY (%) Q1'10 QoQ (%) Net Realization 3,809 3,813 0 3,731 2 Expenditure Raw Material 533 418 28 440 21 Employee Cost 200 177 13 159 26 Power & Fuel 742 685 8 697 6 Freight Outward 509 467 9 489 4
Slide 4: Cement Volume in Q2 & H1 is down by 3%
Cement Volume in Q2 & H1 is down by 3% Sales Volume [MT] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 -3% -3% 60 54 53 3 150 112 109 40 100 20 50 0 0 2009 2010 2009 2010 Reasons Wagon / Truck shortages, Fly ash availability, water shortages & power restrictions. 4 ACC Limited / India Investor’s Prese
Slide 5: Due to marginal reduction in volume
Due to marginal reduction in volume. Net Sales [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 -3% -0.3% 2,500 2,081 5,000 4,136 2,021 4,123 2,000 4,000 1 500 1,500 3 000 3,000 1,000 2,000 500 1,000 0 0 2009 2010 2009 2010 5 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 6: Substantial increase in slag & fly ash prices pushed up raw material cost
Substantial increase in slag & fly ash prices pushed up raw material cost. Raw Material Costs [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 +24% +22% 300 283 600 531 228 434 200 400 100 200 0 0 2009 2010 2009 2010 6 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 7: Employee Cost increased by 10% in Q2 & 11% in H1
Employee Cost increased by 10% in Q2 & 11% in H1 Employee Costs [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 +11% +10% 200 196 150 176 97 106 150 100 100 50 50 0 0 2009 2010 2009 2010 7 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 8: Hardening of coal prices, increase in purchased power tariff
Hardening of coal prices, increase in purchased power tariff was partially offset by 8% higher CPP generation in Q2, 2010 Power & Fuel Costs [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 +5% +0.1% 374 393 785 786 400 800 300 600 200 400 100 200 0 0 2009 2010 2009 2010 8 ACC Limited / India Inv
Slide 9: Higher diesel prices & increase in railway freight resulted in freight cost going up
Higher diesel prices & increase in railway freight resulted in freight cost going up. Freight Costs on cement [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 +6% +2% 300 255 270 600 532 545 200 400 100 200 0 0 2009 2010 2009 2010 9 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 10: Other Expenditure in Q2 & H1 is up
Other Expenditure in Q2 & H1 is up Other Expenditures [Rs Cr] – Q2’09 vs. Q2’10 and H1’09 vs. H1’10 Q2 H1 +16% +17% 500 434 1,000 849 400 373 800 728 300 600 200 400 100 200 0 0 2009 2010 2009 2010 Reasons Other expenditure have increased due to increase in royalty, packing material, repairs and exc
Slide 11: Balance Sheet as at 30.06.2010
Balance Sheet as at 30.06.2010 (Amount in Rs. Crore) Liabilities 30 06 2009 30.06.2009 30 06 2010 30.06.2010 Change Assets 30 06 2009 30.06.2009 30 06 2010 30.06.2010 Change Share Capital 188 188 - Fixed Assets 5597 6610 1013 Reserves 5411 6374 963 Investments 1068 1387 319 Loans 483 517 34 Current
Slide 12: Key Ratios – ACC Standalone
Key Ratios – ACC Standalone Key Ratios Op. EBITDA Margin [%] OP. EBITDA [Rs Cr] PBT Margin [%] 37 35 2,000 29 30 40 40 33 31 25 26 1,000 773 594 20 20 1,447 1,251 0 0 0 Q2’09 Q2 09 Q2’10 Q2 10 H1’09 H1 09 H1’10 H1 10 Q2’09 Q2 09 Q2’10 Q2 10 H1’09 H1 09 H1’10 H1 10 PAT Margin [%] EPS [Per Share] 47 4
Slide 13: Disclaimer
Disclaimer Cautionary statement regarding forward looking statements This p presentation may y contain certain forward-looking g statements relating g to the Company’s future business, developments and economic performance Such statements mayy be subject j to a number of risks,, uncertainties and ot
Slide 14: Contact information
Contact information Sunil Nayak Ajeet Modi Investor Relations Phone: +91 22 3302 4321 Phone: +91 22 3302 4388 Fax: 91 22 66317421 www.acclimited.com 14 ACC Limited / India Investor’s Presentation 22nd July’2010
Slide 15: Strength, Performance, Passion
Strength, Performance, Passion 15 ACC Limited / India Investor’s Presentation 22nd July’2010