Acc Limited · NSE:ACC
Acc — Q2 FY2024 Earnings Presentation
39 slides from Acc's earnings presentation, Nov 1, 2023
Slide 1: Exchange filing cover letter for investor presentation
1st November 2023 To National Stock Exchange of India Limited BSE Limited Scrip Code: ACC Scrip Code: 500410 Sub: Investor Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Dear Sir/ Madam, In continuation of our letter dated 29th October, 2
Slide 2: Operational & Financial Highlights
Operational & Financial Highlights For the Quarter Ended September 30, 2023
Slide 3: Results at Glance
Ambuja Cement (Consolidated) Results at Glance Revenue EBITDA EBITDA PAT (Rs. Cr) (Excl. other income) (Excl. other income) (Rs. Cr) (Rs. Cr) (Rs./ton) +293 +975 +740 +936 (+4%) (+298%) (+290%) (+1,835%) 7,131 7,424 1,302 995 987 327 255 51 Q2 FY’23 Q2 FY’24 Q2 FY’23 Q2 FY’24 Q2 FY’23 Q2 FY’24 Q2 FY
Slide 4: Content
Content 01 Adani Group Profile 4-7 02 Adani Cement - Overview 8-11 03 Performance Highlights 12-23 04 ESG Update 24-32 05 Accolades & Awards 33-35 06 Abbreviations 36-37 3
Slide 5: Adani Group Profile
Adani Group Profile 01 4
Slide 6: Adani Portfolio: A World class infrastructure & utility portfolio
Adani Portfolio: A World class infrastructure & utility portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C Materials, Metal & Incubator Energy & Utility Transport & Logistics Direct to consumer Mining (72.6%) (56.3%) (73.2%) (65.5%) (100%) (63.2%) AGEL AESL APSE
Slide 7: Adani Portfolio: Decades long track record of industry best growth
Adani Portfolio: Decades long track record of industry best growth with national footprint Secular growth with world leading efficiency National footprint with deep coverage Growth 3x 6 Growth 4x 6 EBITDA 70% 1,2 EBITDA 92% 1,4 AEL Adani’s Core Infra. Platform – APSEZ Growth 3x 6 Growth 1.4x 6 320 M
Slide 8: Adani Portfolio: Repeatable, robust & proven transformative model of investment
Adani Portfolio: Repeatable, robust & proven transformative model of investment Phase Development Operations Post Operations Center of Excellence Project Management & Assurance Group AIMSL 1 Policy -Strategy - Risk Origination Site Development Construction Operation Capital Mgmt Activity • Analysis
Slide 9: Adani Cement (Ambuja + ACC) - Overview
Adani Cement (Ambuja + ACC) - Overview 02 8
Slide 10: Adani Cement: Builders of Progress in India
Adani Cement: Builders of Progress in India Well poised for Growth Cost Leadership Market Leadership Achieve lowest cost to serve by • Pan India presence with iconic Capacity to double from the current leveraging Group’s vast experience brands Development 67.5 MTPA to 140 MTPA and unmatched adjacenc
Slide 11: Adani Cement: Presence in 30 states and 566+ districts
Adani Cement: Presence in 30 states and 566+ districts (~74%)* # 67.5 MTPA 10 Cement Capacity Captive Ships 1,03,000 5 Channel partners across India Bulk Cement Terminals 17 89% Integrated Units Share of Blended Cement Integrated Unit 7.0% # 14 ● Grinding Unit Grinding Units Thermal Substitution R
Slide 12: Adani Cement: Iconic brands that shaped the industry
Adani Cement: Iconic brands that shaped the industry Iconic brands High Patronage High contribution from National presence Trade segment Ambuja + ACC – 79% Industry – 65% % of Sales Strength Original disruptor with Virat Compressive Strength IHB Professionals 29% Pioneered brand building & technical
Slide 13: Performance Highlights
Performance Highlights For the Quarter Ended September 30, 2023 03 12
Slide 14: Financial results (for the Qtr.)
Financial results (for the Qtr.) Ambuja Consolidated Ambuja Standalone ACC Standalone KPIs UoM Sep 23 Jun 23 Sep 22 Sep 23 Jun 23 Sep 22 Sep 23 Jun 23 Sep 22 Revenue from Operation Rs. Cr 7,424 * 8,713 7,131 3,970 4,730 3,676 4,435 5,201 3,987 EBITDA (Excl. Other Income) Rs. Cr 1,302 1,667 327 773 9
Slide 15: Ambuja Cement (Consolidated) Cement Business (for the qtr.)
Ambuja Cement (Consolidated) Cement Business (for the qtr.) 14
Slide 16: Ambuja Cement (Consolidated) Cement Business (for the qtr.)
Ambuja Cement (Consolidated) Cement Business (for the qtr.) 15
Slide 17: Ambuja Cement (Standalone) Cement Business (for the qtr.)
Ambuja Cement (Standalone) Cement Business (for the qtr.) 16
Slide 18: Ambuja Cement (Standalone) Cement Business (for the qtr.)
Ambuja Cement (Standalone) Cement Business (for the qtr.) 17
Slide 19: ACC (Standalone) Cement Business (for the qtr.)
ACC (Standalone) Cement Business (for the qtr.) Sales volume – CLC Revenue EBITDA (Excl. other income) EBITDA Incl RMX (Excl. other income) (MnT) (Rs. Crore) (Rs. Cr & Margin) (Rs./ton) +17% +14% +25,500% +2,968% 9.4 4,839 732 816 8.1 4,126 675 6.9 3,635 512 15.1% 12.4% 22 2 0.1% Sep-22 Jun-23 Sep-2
Slide 20: ACC (Standalone) Cement Business (for the qtr.)
ACC (Standalone) Cement Business (for the qtr.) Raw Material Cost Power & Fuel Cost Freight and Forwarding Cost Other Expenses (Rs./ton) (Rs./ton) (Rs./ton) (Rs./ton) +10% -43% -18% -17% 627 1,896 1,371 829 607 1,218 571 1,126 688 1,188 514 1,085 Sep-22 Jun-23 Sep-23 Sep-22 Jun-23 Sep-23 Sep-22 Jun-
Slide 21: Ambuja Cement (consolidated): Financial Statement Position
Ambuja Cement (consolidated): Financial Statement Position Rs Cr Particulars 30.09.23 31.03.23 Change Key Reason for Change Net Fixed Assets 27,097 26,077 1,019 Ametha Capitalisation of Clinker unit - Rs.1106 Crs. (Capitalistion of GU and WHRS will be done once COD is achieved) Investment in Associa
Slide 22: Ambuja Cement (consolidated): Cash & Cash Equivalents position
Ambuja Cement (consolidated): Cash & Cash Equivalents position Synopsis of the changes in Cash & Cash Equivalent Cash Balance Rs. Crs Cash & Cash Equivalent for the last five quarters Opening balance as on 1st Apr 2023 11,530 11,886 11,721 11,358 11,530 (+) Cash flow from operations before changes i
Slide 23: Status of Sanghi Acquisition
Status of Sanghi Acquisition – On 3rd August 2023, Ambuja Cement announced acquisition of Sanghi Industries Limited (SIL) at an Enterprise Value of Rs. 5000 Cr, to be fully funded through internal accruals. – Seller CPs are in the process of completion and the acquisition is expected to close in Q3
Slide 24: Status – Capex on improvement & expansion (Ambuja Consol)
Status – Capex on improvement & expansion (Ambuja Consol) Debottlenecking and Efficiency Improvement Expected timelines for Capex incurred Project Description Project Cost completion till date Maratha - Q4 FY24 Ambujanagar - Q1 FY25 Waste Heat Recovery System (67 MW) 1,068 404 Wadi - Q2 FY25 Chanda
Slide 25: ESG Overview
cement AGE ESG Overview O04 Cement
Slide 26: Adani Cement: Stakeholder value creation
Adani Cement: Stakeholder value creation Environmental Society Governance • Strong commitment to • Spend of ~Rs 300 Cr on • Enhanced Governance - In Sustainable Development various social addition to the statutory (SD) 2030 Plan development program committees, there are 7 additional (direct/partners
Slide 27: ESG Framework
ESG Framework Adani Group Vision & ESG Our ESG Ambition Framework • Net Zero • Zero Harm • Waste to Resource • Engaged Communities • Water Positive • Zero Non-Compliance Guiding • Biodiversity Positive Policies principle ESG Commitment Assurance Vision To be a world class leader in businesses that e
Slide 28: ESG Ratings of Our Cement Companies
ESG Ratings of Our Cement Companies (as on 30.9.23) RATING AGENCIES AMBUJA ACC DJSI 72 66 CDP - CC B A- CDP - WS B B Sustainalytics 25.1 29.3 Medium risk Medium risk MSCI B - 27
Slide 29: ESG Dashboard
ESG Dashboard AMBUJA ACC Material Topic UN SDGs 2030 Targets Status Q2 FY 24 2030 Targets Status Q2 FY 24 Climate & Energy 453 528 400 475 (Net specific CO2 emissions - Kg/T) Circular Economy 21 2.0 30 2.9 (Use of waste derived resources MnT/yr) Water & Nature 5x 3x (Fresh water consumption 62 40 Wa
Slide 30: Corporate Social Responsibility
Corporate Social Responsibility 29
Slide 31: CSR @ Ambuja
CSR @ Ambuja • 73 Roof Rainwater Harvesting Systems constructed Water Governance & • 134 Awareness camps on water harvesting reaching 5411 people Management • 858 Hectare land covered under micro irrigation • 2163 Youth Trained across 17 centers of 10 states Skill Based Livelihoods • 75% Placement R
Slide 32: CSR @ ACC
CSR @ ACC Community Health • 19,739 beneficiaries reached through Community Health projects like Mobile Health Unit, Weekly OPD, Health education General & specialty Health camp. Education • 2,646 beneficiaries touched by education program which includes quality education, School up gradation, Angan
Slide 33: Board & Committee Structure
Board & Committee Structure Statutory Committees Board of Directors Governance Committees Audit CSR Risk Mgt. Public Committee Committee Committee Consumer 2 2 Committee 1 Stakeholder Nomination & Corporate 1 Relationship Remuneration Responsibility Committee Committee Committee 3 1 1 Reputation Com
Slide 34: Accolades & Awards
cement AGE Accolades & Awards O5 Cement
Slide 35: Accolades & Awards
Accolades & Awards Recognised as Iconic Brand of India 2023 by Economic Times 34
Slide 36: Accolades & Awards
Accolades & Awards Recognised as Energy Efficiency Units at the Received 11 Awards at Annual Mines Safety Fortnight 24th National Awards for Excellence in Energy Awards for excellence in safety showcased by Gare Management by CII Palma Safety Mines Recognised as Energy Efficiency Units at the 24th R
Slide 37: Abbreviations
cement AGE Abbreviations O6 Cement
Slide 38: Abbreviations
Abbreviations ATGL Adani Total Gas Ltd MnT Million Tonne AEL Adani Enterprises Limited T Tonne APSEZ Adani Ports and Special Economic Zone Limited L Litre AESL Adani Energy Solutions Limited AFR Alternate Fuels and Raw Material APL Adani Power Limited WHRS Waste Heat Recovery System AGEL Adani Green
Slide 39: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and futu