Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q1 FY24 Earnings Presentation
25 slides from Nuvoco Vistas's earnings presentation, Aug 10, 2023
Slide 1: Exchange intimation letter for investor presentation
~ ® NUVOCO VISTAS CORP. LTD. N Uv OCO Shaping a new world ~ Ref. No.: Sec/60/2023-24 August 10, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers , Exchange Plaza , C-1 , Block G, Dalal Street, Fort, Mumbai - 400 00 1 Sandra Kurla Complex, Sandra (East), Scrip Code:
Slide 2: Investor Presentation: First quarter ended June 30, 2023
Nu oco® Shaping Q neUJ UJOTld Investor Presentation First quarter ended June 30, 2023 August 10, 2023 1
Slide 3: Safe harbour clause
Safe harbour clause ~ N Uv OCO ® Shaping new WOTld Q ~ 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 cou
Slide 4: Company overview
~ NU" OCO® Sl\aping a new woTld ~ Company overview 3
Slide 5: Nuvoco – A major player in building materials space
~ Nuvoco – A major player in building materials space NU" OCO® Sl\aping a new woTld ~ ✓ 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 major
Slide 6: Q1 FY24 performance at a glance
~ Q1 FY24 performance at a glance Nu/ oco® Shaping a new world ~ ₹ 2,805 Cr. 6% YoY ₹ 402 Cr. 7% YoY ₹ 4,506 Cr. ₹ 841 Cr. YoY Financial ~ - - - Revenue EBITDA Net debt 37% 73% 5 MMT Operational *-- Share of premium products in trade volumes - cement 3% YoY Trade Share 1% YoY 7% YoY Cement sales vol
Slide 7: Economy and industry
~ NU" OCO® Sl\aping a new woTld ~ Economy and industry 6
Slide 8: Macro indicators showcasing positive outlook
Macro indicators showcasing positive outlook ~ ® N Uv OCO Sl\aping a new woTld ~ FY24 GDP is projected at Manufacturing PMI Annual consumer inflation 6.5% led by private increased 6.4% YoY to 57.9 eased to below 4.6% in consumption, public in Q1 FY24 indicating rise Q1 FY24 consumption and in econom
Slide 9: Robust demand drivers in place
~ Robust demand drivers in place NU" OCO® Sl\aping a new woTld ~ Infrastructure ✓ ₹ 8,000 Cr. for the Smart Cities Mission and ₹ 19,518 Cr. for metro projects allocated by the Government for FY24 ✓ Road projects under Bharatmala Pariyojana o Phase 1 - 66% of the total 34,800 km targeted for award by
Slide 10: Business update
~ NU" OCO® Sl\aping a new woTld ~ Business update 9
Slide 11: New product launches
New product launches N ~ Uv OCO ® Sl\aping a new woTld ~ ~ UNDATION TO FINISH - PREMIUM COMPOSITE CEMENT FLOORING SOLUTIONS Cement RMX RMX ,--------------------------,(, Extended ‘Duraguard F2F’ in West Bengal - ------------ ~( ,----------------------- 'I Specialized RMX Concrete solution Flooring s
Slide 12: Growth projects on track
~ Growth projects on track NU" OCO® Sl\aping a new woTld ~ Cement expansion at Debottlenecking projects at Railway sidings at Odisha and Haryana Nimbol and Risda Sonadih 1.2 MMTPA is on schedule for Completed at Risda. Nimbol to go Track laying activity is proceeding commissioning in Sep’ 23, which
Slide 13: RMX and MBM businesses provide additional lever for growth
~ RMX and MBM businesses provide additional lever for growth ~v"oco® ping Q new WOTld ~ Ready-Mix Concrete (RMX) ✓ Commissioned 3 RMX plants in Q1 FY24. Currently, 54 operational plants across India ✓ Continuous thrust to improve premiumisation - value added product mix at 34% of total sales volume
Slide 14: Awards and recognitions showcasing our achievements
Awards and recognitions showcasing our achievements ~ ® N Uv OCO Sl\aping a new woTld ~ Chittor Cement Plant (CCP) won the Golden RMX team won the award for "Driving End-to- Peacock Award for “Best Energy Efficient End Demand Supply Planning Transformation Plant” in the cement sector with IBP in Rea
Slide 15: Sustainability and CSR
~ NU" OCO® Sl\aping a new woTld ~ Sustainability and CSR 14
Slide 16: Sustainability – an integral part of Nuvoco's business strategy
Sustainability – an integral part of Nuvoco’s business strategy Sustainability agenda One of the lowest carbon footprint in the industry with carbon emission at 462* kg CO2 per ton of cementitious materials • . . PROTECT OUR PLANET Cement to clinker ratio (x) 1.83 70,000+ ton of waste utilized as fu
Slide 17: Touching lives of communities through CSR activities
Touching lives of communities through CSR activities Shikshit Bharat Samarth scholarship distribution program for the Class 10th passed students @ . Swastha Bharat + Mobile medical van launched with the objective of providing primary health services to the rural population Saksham Bharat Stitching t
Slide 18: Key financials
~ NU" OCO® Sl\aping a new woTld ~ Key financials 17
Slide 19: Positive outlook on demand to ensure stability in prices
~ Positive outlook on demand to ensure stability in prices NU" OCO® Sl\aping a new woTld ~ Market Prices Cost Cost ✓ Cement demand in East and ✓ East cement prices were on a ✓ Reduction in Power & fuel cost North witnessed strong growth decline till the mid of the quarter on account of softening in
Slide 20: Key consolidated financial indicators
~ Key consolidated financial indicators NU" OCO® Sl\aping a new woTld ~ Cement volumes Revenue EBITDA (MMT) (₹ Cr.) (₹ Cr.) Q1 FY24 5.0 2,805 402 Q1 FY23 4.7 2,652 374 Note: MMT - Million metric tons 19
Slide 21: Key cement cost elements in Q1 FY24
~ Key cement cost elements in Q1 FY24 NU" OCO® Sl\aping a new woTld ~ Raw material cost Power and fuel cost Distribution cost 636 1,219 1,575 (₹/ton) (₹/ton) (₹/ton) Decreased by 10% YoY and Increased by 13% YoY Increased by 4% YoY 12% QoQ ✓ Primarily impacted by rising prices ✓ Softening in coal an
Slide 22: Net debt reduction remains a top priority
~ Net debt reduction remains a top priority NU" OCO® Sl\aping a new woTld ~ Net debt (₹ Cr.) Nuvoco’s interest rate vs. repo rate 6,730 160 8.5% 8.4% 9.0 % 8.0% 7.2% 8.0 % 140 6.9% 5,347 7.0 % 5,064 6.5% 6.5% 120 6.0 % 4,414 4,506 5.0 % 4.9% Repo rate 100 4.0 % 4.0% 4.0% Interest rates (%) 80 3.0 %
Slide 23: Consolidated income statement
~ Consolidated income statement NU" OCO® Sl\aping a new woTld ~ (₹ Cr.) Q1 FY23 Q4 FY23 Q1 FY24 Total Income 2,657 2,931 2,815 Cost of materials consumed 436 433 487 Purchase of stock in trade 12 11 11 Changes in inventories (133) 187 (44) Power and fuel 710 612 622 Freight and forwarding charges 73
Slide 24: Summary
~ Summary NU" OCO® Sl\aping a new woTld ~ ✓ Cement demand to remain strong in FY24 led by Government continuous thrust on infrastructure ✓ The company will remain focused on improving cement to clinker ratio, increasing share of premium products, cost mitigating measures and continuous innovation ✓
Slide 25: Thank you
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 Company Contacts Madhumita Basu; Emai