Dangote Cement Plc · NSENG:DANGCEM
Dangote Cement — Q3 2012 Earnings Presentation
8 slides from Dangote Cement's earnings presentation, Sep 30, 2012
Slide 1: An emerging cement major building shareholder value and prosperity in Africa
An emerging cement major building shareholder value and prosperity in Africa Unaudited results for the nine months to 30 September 2012
Slide 2: Disclaimer
Disclaimer This document is not an offer of securities for sale in the United States. Any securities discussed herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”) and may not be offered or sold in the United States absent registra
Slide 3: Highlights
Highlights Operational – Cement sales up 19.7% to 7.7 million tonnes – Flooding hits demand and distribution – 7.5 million tonnes locally produced, up 50.7% on Jan-Sep 2011 – Gas supply back to normal at Ibese, approaching normal at Obajana – Tim Surridge appointed Chief Financial Officer Financial
Slide 4: Revenue up on new capacity
Revenue up on new capacity Nine months to Jan-Sep Jan-Sep 30 September 2012 2011 2012 Change Comments Sales volume (kt) 6,410 7,672 19.7% Q3 sales affected by heavy rains and flooding in Kogi and Benue states Local cement despatched 4,998 7,529 50.7% 100% of Q3 sales were locally produced cement Ana
Slide 5: Strong balance sheet
Strong balance sheet Nine months to 30 September 2012 Dec 2011 Sept 2012 Comments (₦bn) (₦bn) Non-current assets 465.5 520.1 Current assets 76.2 129.4 Total assets 541.7 649.5 Total equity 298.8 379.8 Long term debts 125.9 142.5 Non-current liabilities 129.4 146.9 Current liabilities 113.5 122.7 Tot
Slide 6: Operational update
Operational update • Obajana – Steady ramp-up of new line – Gas upgrade completed on all lines, giving more robust gas supply – Gas levels returning to normal – 87% in September – Demand and distribution affected by heavy rain and flooding in Kogi – Key routes flooded, e.g. Lokoja-Abuja highway • Ib
Slide 7: Update on African projects
Update on African projects • Senegal commissioning to begin in mid November – Power plant commissioning expected to take 3-4 weeks – Plant commissioning will commence soon after – Commercial production expected in January • Project management contracts being readied – Selection of seven firms for pr
Slide 8: Summary & outlook
Summary & outlook • A unique platform to capture Africa’s rapid expansion – Strategy to become the continent’s leader in cement production – Benefiting from attractive investment incentives – Strong cement demand and supportive pricing • Improving governance and operational expertise – CFO and senio