Slide 1: Exchange intimation letter for investor presentation
NUVOCO VISTAS CORP. LTD. N~O® Shaping a new world ~ Ref. No.: Sec/114/2023-24 October 31 , 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza , C-1 , Block G, Dalal Street, Fort, Mumbai - 400 001 Sandra Kurla Complex , Sandra (East) , Scrip Code : 543
Slide 2: Investor Presentation, Second quarter ended September 30, 2023
N U oco® Shaping a new world Investor Presentation Second quarter ended September 30, 2023 October 31, 2023 1
Slide 3: Safe harbour clause
~ Safe harbour clause Nu,foco· Sl\11i,lng Cl new woTld ~ 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 c
Slide 4: Company overview
Company overview 3
Slide 5: Nuvoco – A major player in building materials space
Nuvoco – A major player in building materials space N ~ - Uv OCO Shcapil\g new WOTld Cl ~ ✓ 5th largest cement group in India ✓ Market leading brands with significant and leading player in East India market share, reputation and brand recall ✓ Installed cement capacity of ✓ Focused on retail with ma
Slide 6: Q2 FY24 consolidated performance at a glance
~ Q2 FY24 consolidated performance at a glance Nu,loco· Shcapil\g Cl new WOTld Robust improvement in YoY EBITDA driven by cost efficiency and improvement in realisation ₹ 2,573 Cr. 7% YoY ₹ 336 Cr. 73% YoY ₹ 4,734 Cr. ₹ 549 Cr. YoY Financial ~ - - - Revenue EBITDA Net debt 4.5 MMT1 74% Operational ~
Slide 7: Economy & Industry
Economy & Industry 6
Slide 8: Macro indicators showing positive outlook
Macro indicators showing positive outlook N ~ - Uv OCO Shcapil\g new WOTld Cl ~ FY24 GDP projected at Manufacturing PMI Annual consumer inflation 6.5% led by private increased 3.6% YoY to 57.9 at ~5% in Sep’23 consumption, public in Q2 FY241 indicating rise consumption and in economic activity inves
Slide 9: Robust demand drivers in place
Robust demand drivers in place N~ Shcapir1g Cl ~ oco' Tld ..-------- ₹ 19,518 Cr. allocated under Union Budget Under Sagarmala Programme, 581 projects worth 2023-24 for metro projects and ₹ 3,596 Cr. for ₹ 4.27 lakh Cr. are under various stages of Delhi-Meerut RRTS project development ~93 lakh house
Slide 10: Business update
Business update 9
Slide 11: Status of growth projects
Status of growth projects Nimbol Debottlenecking projects at Risda and Nimbol ✓ Completed with Risda and Nimbol clinker capacity enhanced to 12,000 TPD and 6,000 TPD respectively ® 1.2 MMT Cement expansion at Haryana ✓ No-load trials completed ✓ Commissioning scheduled in Q3 FY24, which Haryana Sona
Slide 12: RMX and MBM businesses provide additional lever for growth
RMX and MBM businesses provide additional lever for growth ~ ® N Uv OCO Shaping a new world ~ Ready-Mix Concrete (RMX) ✓ Commissioned 4 RMX plants in H1 FY24. Currently, 55 plants across India ✓ Continuous thrust to improve premiumisation. Value added product mix at 34.4% of total sales volume in Q2
Slide 13: Awards and recognitions showcasing our achievements
Awards and recognitions showcasing our achievements ~ m N UvOCO Stu1plng a. new world ~ 01 “Harit Bharat Award” for creating positive 1 2 ueYonder Presents EXPRESS- - LOGISTICS impact on environment through 15 green & SUPPLY CHAIN LEADERSHIP _ _ AWAADS RMX plants 02 “15th ELSC Leadership Award” 2023
Slide 14: Sustainability & CSR
Sustainability & CSR 13
Slide 15: Focus on sustainability parameters
Focus on sustainability parameters Sustainability agenda One of the lowest carbon footprint in the industry with carbon emission at 4621 kg CO2 per ton of cementitious materials It,;:::=-=================-I PROTECT OUR PLANET Cement to clinker ratio4 (x) 1.64 1.77 1,35,000+ ton of waste utilized as
Slide 16: Social initiatives
~ Social initiatives Nu,loco· Shcapil\g Cl new WOTld ~ Training programs 300+ members 11 health checkup conducted across 22 trained under camps organized; schools on effective various skill 2,600+ people use of digital development benefitted classrooms initiatives 80,000+ Cum pond 3,500+ people deep
Slide 17: Key financials
Key 02 OJ financials Q3 16
Slide 18: Positive outlook on demand to ensure stability in prices
Positive outlook on demand to ensure stability in prices N ~ Uv OCO - Sh.a.-plng a. new U>OTld ~ Market Prices Cost ✓ Cement demand in East a mixed ✓ East cement prices improved in ✓ Raw material cost increased bag. Subdued demand in West Sep’23 QoQ led by rise in slag prices Q2 FY24 Bengal & Bihar
Slide 19: Key consolidated financial indicators
Key consolidated financial indicators N ~ - Uv OCO Shcapil\g new WOTld Cl ~ Cement volumes Revenue EBITDA (MMT) (₹ Cr.) (₹ Cr.) Q2 FY24 4.5 2,573 336 (+1% YoY) (+7% YoY) (+73% YoY) H1 FY24 9.5 5,378 738 (+4% YoY) (+6% YoY) (+30% YoY) ~ - -· Note: MMT - Million metric tons t-.4 18
Slide 20: Revenue growth aided by cost control driving EBITDA
Revenue growth aided by cost control driving EBITDA EBITDA growth YoY EBITDA movement YoY1 - ₹ Cr. ₹ Cr. (5) ( 10 ) ( 20 ) ( 39 ) 133 ( 56 ) 140 738 336 336 568 194 194 ∆ Realisation ∆ Others Q2 FY23 ∆ Shutdown Q2 FY24 ∆ RM ∆ Freight ∆ P&F ∆ Incentives Q2 FY23 Q2 FY24 H1 FY23 H1 FY24 ✓ EBITDA improv
Slide 21: Value led revenue growth
Value led revenue growth N ~ - Uv OCO Shcapil\g new WOTld Cl ~ Revenue Volume Revenue/t1 ₹ Cr. 7% MMT 1.2% ₹ .--------------- ---------------1 2,805 5.0 5,766 2,401 2,573 4.4 4.5 5,603 5,441 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 ✓ Volume growth of 1.2% YoY while Rev
Slide 22: Key cement cost elements
Key cement cost elements N ~ - Uv OCO Shcapil\g new WOTld Cl ~ Raw material cost1 Power & fuel cost1 Distribution cost1 (₹/ton) (₹/ton) (₹/ton) 714 1554 1575 692 1219 1219 1479 636 1376 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 ✓ QoQ impacted by purchase of ✓ Flat QoQ.
Slide 23: Focus on Brand strengthening and efficiency improvement
Focus on Brand strenghtening and efficiency improvement N ~ - Uv OCO Shcapil\g new WOTld Cl ~ Strengthening brand ✓ Reinforcing brand popularity via campaign - “Concreto naam hi Kaafi hai” ✓ Continue to reinforce marketing communication with the recent patent1 received on Fibre Reinforced Cement ✓ I
Slide 24: Net debt reduction remains a top priority
Net debt reduction remains a top priority N ~ - Uv OCO Shcapil\g new WOTld Cl ~ Net debt (₹ Cr.) Nuvoco’s interest rate vs. repo rate 160 8.5% 8.4% 9.0 % 8.0% 7.2% 7.5% 8.0 % 140 6.9% 7.0 % 6.5% 6.5% 120 6.0 % 6,730 5.9% 5,718 5.0 % 5,064 5,283 Repo rate 100 4,414 4,734 4.0 % 4.0% 4.0% 4.0% Interest
Slide 25: Consolidated income statement
Consolidated income statement N ~ - Uv OCO Shcapil\g new WOTld Cl ~ (₹ Cr.) Q2 FY23 Q1 FY24 Q2 FY24 H1FY23 H1FY24 Total Income 2,403 2,815 2,579 5,060 5,394 Cost of materials consumed 418 487 441 854 928 Purchase of stock in trade 10 11 11 23 22 Changes in inventories 31 (44) 18 (101) (25) Power and
Slide 26: Summary
Summary N ~ - Uv OCO Shcapil\g new WOTld Cl ~ ✓ Cement demand to be driven by ▪ Infrastructure led spendings by the government ▪ Pick up in housing. 93 lakhs units pending for completion under PMAY. ~33 lakh houses in East and majority of which is in West Bengal ✓ Shutdown completed as per plan alon
Slide 27: Thank you
N ~ - Uv OCO Shcapil\g new WOTld Cl ~ 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