J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q3 FY24 Earnings Presentation
26 slides from J.k. Cement's earnings presentation, Jan 20, 2024
Slide 1: Outcome of the Board Meeting - Corporate Investor Presentation Q3 2024
JKCL/35/SE/2023-24 (BM-1/24) 20th January, 2024 BSE Ltd. National Stock Exchange of India Ltd., Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai-400051 Dalal Street, Fort, Mumbai-400001 Scrip Code: JKCEMENT (ISIN.INE Scrip Code:53
Slide 2: Investor Presentation Q3 FY24
Investor Presentation Q3 FY24
Slide 3: Agenda
Agenda 1 ESG & CSR Update 2 Company Overview 3 Q3 FY24 Performance
Slide 4: ESG & CSR
ESG & CSR
Slide 5: Key ESG Metrics and Sustainability Goals
Key ESG Metrics and Sustainability Goals Shaping a sustainable future CO2 Emission Green Power Mix Thermal Substitution Rate Water Positivity (Kg/Ton of Cementitious Material) (%) (%) (Times) 520 44 13.9 4.5 FY23 519 50 14.6 4.5 Dec’23 YTD 465 75 35 5 Target FY30 Specific Net Scope 1 emission Green
Slide 6: Social Impact & CSR Outreach
Social Impact & CSR Outreach Building resilient communities Social & CSR Expenditure YTD Dec’23 ₹ 27.39 Cr 50% 24% 26% Education Community Development Rural Infrastructure & Health Contribution for upliftment of society & eradication of poverty Promoting higher education and over 2 Lakhs beneficiari
Slide 7: Social Impact & CSR Outreach (contd.)
Social Impact & CSR Outreach (contd.) Development of schools at villages Health Camp organized at Muddapur Eye Camp Organised at Nimbahera Poshan Distribution to TB Patient at Solar Light installation & Water Supply arrangement for villagers Shiksha Prerana Merit Scholarship at Muddapur Aligarh & Ha
Slide 8: Company Overview
Company os Overview yd
Slide 9: Company Snapshot
Company Snapshot Building on a strong foundation 22.2 MTPA 2.21 MTPA Paint Portfolio- Grey Cement Capacity Growing boundaries White Cement & Wall for Paints Business Putty Capacity in India 158.94 MW 64.3 MW 94.64 MW Green Power Capacity Waste Heat Recovery Captive Solar and Wind System (WHRS) Power
Slide 10: Promoting Renewable Energy
Promoting Renewable Energy Enhancing the share of clean Green energy Image to come from client 25.30MW 22.49MW Wind Power Generation Solar Power Generation (22 MW Agreement is till 31st Mar’24) 9
Slide 11: Commissioned Ujjain Grinding Unit
Expansion Commissioned Ujjain Grinding Unit Unit commissioned on 24th Nov’23 within 12 months of start of work at site and 53 K MT Cement dispatched during the quarter 10
Slide 12: Greenfield Expansion at Prayagraj (Grinding Unit)
Expansion Greenfield Expansion at Prayagraj (Grinding Unit) Progress on Track… Clinker Silo Hopper & Cement Mill Status Update Capex YTD Dec’23 2.0 MTPA Major Ordering & Engineering completed and equipment deliveries started. ₹ 164 Cr Additional Grey Cement Capacity Construction is going on in full
Slide 13: Journey for 30 MTPA Capacity
Expansion- 6 MTPA Capacity addition in Central India Journey for 30 MTPA Capacity Proposed 6 MTPA Expansion in Central India 1) Present Capacity - 22.2 MTPA 2) Prayagraj Grinding Unit - 2.0 MTPA (Likely to commission in Jul-Sep’24 qtr.) 3) Proposed expansion in Central India- 6.0 MTPA Board of Direc
Slide 14: Performance Highlights Q3 FY24
Performance Highlights Q3 FY24
Slide 15: Key Performance Highlights for Q3FY24 – Grey Cement
Key Performance Highlights for Q3FY24 – Grey Cement Capacity Grey Volume Net Sales Blended Cement Premium Utilisation Realisation / Trade Mix Products Blended Cement 75% 4.15 ₹5,164 66% 12% Million per ton Trade mix of Trade Sales Tons 62% 14
Slide 16: Volume Highlights - Quarterly
Volume Highlights - Quarterly Sustained momentum Lakh Tons Grey Business White Business Combined 14% YoY 13% 14% YoY YoY 6 QOQ % 8 QOQ % 4 QOQ % 6.04 5.53 4.89 41.52 39.33 1.93 1.29 36.55 1.05 36.55 39.33 41.52 3.84 4.11 4.24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Standalone
Slide 17: Standalone Financial Highlights
Standalone Financial Highlights Particulars (₹ Cr) Q3FY24 Q2FY24 QoQ Q3FY23 YoY Grey Net Sales 2144 1960 9% 1,787 20% White Net Sales* 546 516 6% 494 10% Total Net Sales 2,690 2,476 9% 2,281 18% Combined EBITDA 608 447 36% 246 147% *includes Paints 16
Slide 18: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars (₹ Cr) Q3FY24 Q2FY24 QoQ Q3FY23 YoY Grey Net Sales 2144 1960 9% 1,787 20% White Net Sales* 699 703 1% 591 18% Total Net Sales 2843 2663 7% 2,377 20% Combined EBITDA 625 467 34% 247 153% *includes Paints 17
Slide 19: Key Cost Variables
Key Cost Variables Pet coke 6.5% sulphur USA CFR Diesel Prices ($/MT) (₹/Litre) 194.0 187.7 175.3 177.0 178.8 92.70 92.70 92.70 92.70 162.8 145.0 132.3 129.0 134.3 126.0 125.0 125.9 109.8 109.8 Oc'23 Feb'23 Nov'22 Dec'22 Jul'23 Aug'23 Sep'23 Nov'23 Dec'23 Mar'23 Oct'22 Jan'23 Apr'23 May'23 Jun'23 Oc
Slide 20: Cost Trend (Standalone)
Cost Trend (Standalone) Energy cost ease further Energy Logistics (₹/MT) (₹/MT) 18% YoY 5% YoY 2 % 11 QOQ % 1646 QOQ 1232 1290 1160 1370 1345 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Increase in lead distance due to extended footprint in East 2% reduction in fuel cost U.P. & Bihar. Busy season surc
Slide 21: Cost Trend (Standalone)
Cost Trend (Standalone) Employee Other Expenses (₹/MT) (₹/MT) 11% YoY 4% YoY 5 % QOQ 10 QOQ % 398 949 1008 380 910 358 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Increased due to performance incentive & Decreased due to lower maintenance commissioning of Ujjain unit 20
Slide 22: Standalone Financial Statement
Standalone Financial Statement QoQ YoY Particulars (₹ Cr) Q3FY24 Q2FY24 Q3FY23 % Inc/Dec %Inc/Dec Net Sales 2690 2476 9% 2281 18% Rev from Operations 2785 2571 8% 2340 19% Operating Expenses 2176 2124 2% 2094 4% EBITDA 608 447 36% 246 147% Margins % 22.6% 18.0% 460 bps 10.8% 1180bps Depreciation 118
Slide 23: Consolidated Financial Statement
Consolidated Financial Statement QoQ YoY Particulars (₹ Cr) Q3FY24 Q2FY24 Q3FY23 % Inc/Dec %Inc/Dec Net Sales 2843 2663 7% 2378 20% Rev from Operations 2935 2753 6% 2436 20% Operating Expenses 2310 2286 1% 2189 6% EBITDA 625 467 34% 247 153% Margins % 21.9% 17.5% 440 bps 10.4% 1150 bps Depreciation
Slide 24: Consolidated Debt Profile
Consolidated Debt Profile Gross Debt Cash Net Debt 1621 1598 (₹ Cr) (₹ Cr) (₹ Cr) 2986 2913 4534 1650 4585 1450 1250 FY24* FY23 FY24* FY23 FY24* FY23 Net Debt/EBITDA Equity Net Debt/Equity (₹ Cr) 2.21 5121 0.63 0.58 4640 1.64 FY24* FY23 FY24* FY23 FY24* FY23 *As on 31st Dec, 2023 23
Slide 25: Awards & Accolades
Mines Safety Week Awards Won by Dhanappa & Gotan Limestone Mine, GOTAN LIMESTONE MINE (CATEGORY-C) eral Performance - Fist Open Cast Working - First Publicity, Propagenda & House Keeping Fist Transport Roads & Dust Suppression - Fist DHANAPPA LIMESTONE MINE (CATEGORY-82) Overall Performance - Second
Slide 26: Thank You
Thank You