Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q2 FY24 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Oct 14, 2023
Slide 1: Regulation 30 filing cover letter to BSE and NSE
File No: 1010/02 October 14, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C‐1, Block G Fort Mumbai ‐ 400001 Bandra ‐ Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai ‐ 400 051 Symbol: DALBHARAT Subject: Earnings Release / Inves
Slide 2: Earnings Release Q2FY24 and H1FY24
EARNINGS RELEASE Q2FY24 and H1FY24
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Table of Contents
PA G E SECTION NO. 01. Key Highlights 4 02. Expansion & Capex Update 6 03. Q2 and H1 Performance 9 TA B L E O F CO N T E N T S 04. ESG at Dalmia 19 05. Awards and Accolades 22 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Performance ▪ Sales Volume increased by 6.6% YoY to 6.2 MnT and Revenue by 6.0% YoY to 3,149 Cr in Q2FY24 ▪ Net Debt/EBITDA stood at 0.59x ▪ Renewable Energy consumption reached 29% during Q2’FY24 ▪ CO2 emissions further brought down to 456kg*/Ton of cement in Q2FY24 Capacity ▪ Commen
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Organic Cement Capacity Expansion Plan – 49.5 MnT
Organic Cement Capacity Expansion Plan – 49.5 MnT Region Plant Capacity Closing Capacity FY22 35.9 East Bokaro, JH 0.6 North East Adhunik, ML 0.2 East Rajgangpur, OR 0.3 +0.5 MnT East Kapilas, OR 0.3 EAST North East Calcom, AS 1.3 East Bokaro Line 2, JH 2.5 East Medinipur, WB 0.6 South Sattur, TN 2.
Slide 9: Announced Clinker Capacity Expansion Plan
Announced Clinker Capacity Expansion Plan Figures in MnT South East North East West Total Present 9.7 7.7 2.7 2.1 22.2 FY24 10.4 7.7 2.7 2.1 22.9 FY25* 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 *Clinker expansion of 0.6 MnT in East is expected to complete in Q1 FY25 Note: Capacity is excludin
Slide 10: Q2 & H1 Performance
SECTION 03 Q2 & H1 PERFORMANCE 9
Slide 11: Financial Performance – Sales Volume
Financial Performance Quarterly Sales Volume Half-Yearly Sales Volume (MnT) (MnT) Growth: 6.6% Growth: 9.6% Decline: 11.9% 7.0 13.2 6.2 12.0 5.8 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 10
Slide 12: Financial Performance – Sales Revenue
Financial Performance Quarterly Sales Revenue Half-Yearly Sales Revenue (Rs Cr) Growth: 6.0% (Rs Cr) Growth: 8.0% Decline: 13.1% 6,773 3,624 6,273 3,149 2,971 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 11
Slide 13: Operational Performance – Raw Material Cost
Operational Performance Quarterly Cost of Raw Material Consumed^ Half-Yearly Cost of Raw Material Consumed^ (Rs/T) Increase: 2.3% (Rs/T) Increase: 5.7% Increase : 2.2% 776 734 767 768 785 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 ➢ Raw Material cost increased with increase in slag and flyash prices on both
Slide 14: Operational Performance – Power & Fuel Cost
Operational Performance Quarterly Power & Fuel Cost^ Half-Yearly Power & Fuel Cost ^ (Rs/T) Decrease: 25.8% (Rs/T) Decrease: 20.3% Decrease: 11.8% 1,536 1,531 1,293 1,221 1,140 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 ➢ Decline in costs is primarily due to reduction in fuel prices, and also due to increas
Slide 15: Operational Performance – Logistics Cost
Operational Performance Quarterly Logistics Cost Half-Yearly Logistics Cost (Rs/T) (Rs/T) Increase: 2.8% Decrease: 0.7% Decrease: 11.5% 1,094 1,065 1,156 1,031 1,024 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 ➢ Logistics costs was flattish on YoY basis as the benefit of reduction in lead distance was partly
Slide 16: Operational Performance – Total Cost per Tonne
Operational Performance Total Cost /T 4,484 4,308 4,153 4421 4,235 781 750 820 736 766 322 340 327 317 Others 367 1065 1094 Employee Costs 1031 1156 1024 Freight Charges Power & Fuel 1536 1216 1543 1289 1132 Raw Material Consumed (Inc)/Dec in stock 770 906 928 738 916 -7 -97 -64 -21 -81 Q2FY23 Q1FY2
Slide 17: Financial Performance – EBITDA
Financial Performance Quarterly EBITDA Half-Yearly EBITDA (Rs Cr) (Rs Cr) Margins 12.8% 16.8% 18.7% 15.4% 17.7% Increase : 55.5% Increase: 24.3% Decline: 3.4% 1,199 610 965 589 379 Q2FY23 Q1FY24 Q2FY24 H1FY23 H1FY24 ➢ EBITDA improved during the quarter on YoY basis primarily driven by decline in Pow
Slide 18: Financial Performance – Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.52x 0.59x (Rs Cr) 5294 4387 3794 3179 1500 1208 Jun'23 Sep'23 Gross Debt Cash & Cash Equivalents Net Debt 17 * Includes MTM value of IEX Investment (Q1FY24: Rs 1692 cr ; Q2FY24: Rs 1760 Cr)
Slide 19: Finance Cost
Finance Cost Q2FY24 101 (Rs Cr) Cost of Borrowing 8.1% Total Finance Cost Q2FY23 54 (Rs Cr) Cost of Borrowing 6.7% Total Finance Cost 18
Slide 20: ESG Update
SECTION 04 ESG UPDATE 19
Slide 21: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power 10x WHRS Solar 180 166 170 Total Renewable Power - MW 160 140 120 100 100 100 80 63 60 32 32 40 66 70 17 17 10 20 8 8 22 31 9 9 - - FY19 FY20 FY21 FY22 FY23 Q2FY24 ➢ In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040, Dalmia
Slide 22: CSR at Dalmia Bharat
CSR at Dalmia Bharat Major Initiatives During Q2’FY24, DIKSHA had a total enrolled 809 youths ▪ Dalmia Institute of Knowledge & Skill Harnessing in which 73% were females. 663 youth placed and started (DIKSHa), a skill training programme, actively earning an average monthly income of Rs 10,000. Yout
Slide 23: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 22
Slide 24: 24th CII National Energy Award 2023
24th CII National Energy Award 2023 Dalmiapuram Unit ❑ Excellent Energy Leadership ❑ Excellent Energy Efficiency Unit ❑ Most Useful Presentation Kadapa Unit ❑ Excellent Energy Efficiency Unit Ariyalur Unit ❑ Excellent Energy Efficiency Unit Kapilas Unit ❑ Excellent Energy Efficiency Unit Lanka Unit
Slide 25: Supply Chain Excellence
Supply Chain Excellence 9th India Supply Chain & Logistics Awards 2023 15th ELSC Leadership Awards 2023 “Resilient Supply Chain of the Year” Best Supply Chain Company & “Supply Chain Leader of the Year” 24
Slide 26: Other Awards and Accolades
Other Awards and Accolades Mines Safety Week 2023 Procurement Excellence Nabard's Foundation Day GMF Green Feather Award Summit & Awards 2023 ❑ Won Second Prize in Conventional Mines ❑ Procurement Excellence ❑ Award winning water-shed ❑ Safety Initiatives in Category Awards project Diamond Category
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) Particulars Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Cost of Raw Material 704 767 781 740 768 785 Consumed Power & Fuel Cost 1,527 1,536 1,427 1,281 1,293 1,140 27
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) Q2’FY24 Q2’FY23 With Restructuring Without Restructuring With Restructuring Without Restructuring Income from Operations 3,149 3,149 2971 2971 Less:-Operating Expenses 2,560 2,560 2592 2592 EBITDA 589 589 379 379 Add:- Other
Slide 30: Thank You
CONTACT INFORMATION Thank You Corporate Office: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiacement.com