Acc Limited · NSE:ACC
Acc — Q4 CY2019 Earnings Presentation
23 slides from Acc's earnings presentation, Feb 7, 2020
Slide 1: Stock exchange filing cover letter: Investor Presentation Q4CY19 Results
Secretarial Division ACC Limited Registered Office Cement House 121, Maharshi Karve Road February 7, 2020 Mumbai - 400 020, India CIN: L26940MH1936PLC002515 National Stock Exchange BSE Limited of India Limited Corporate Relations Phone: +91 22 3302 4321 Exchange Plaza, 5th Floor Department Fax: +91
Slide 2: Investor Presentation: Q4CY19 Results
Investor Presentation: Q4CY19 Results Feb 07, 2020 © ACC Limited Stock code: BSE: 500410 | NSE: ACC | Reuters: ACC.NS | Bloomberg: ACC:IN
Slide 3: Contents
Contents Cement Industry Performance Highlights Performance Analysis Awards & Accolades ACC Investor Presentation , Feb 07, 2020 © ACC Limited 2
Slide 4: Cement Industry Update
Cement Industry Update 3
Slide 5: Cement Sector
Cement Sector Budget allocation of Rs19,500 Cr under Housing Pradhan Mantri Gram Government segment likely Sadak Yojana strongly to drive (PMGSY) for focused on cement expansion of rural infrastructure demand in road network - development CY20 positive for cement sector National Infra Government Pip
Slide 6: Performance Highlights
Performance Highlights 5 5
Slide 7: Performance highlights – Q4'19
Performance highlights – Q4’19 Cement Volume RMX Volume Net Sales 7.8 mt 0.93 Mio m3 Rs 3,970 Cr +4% YoY + 8% YoY + 5% YoY Op. EBITDA PBT PAT Rs 541 Cr Rs 413 Cr Rs 273 Cr + 11% YoY + 20% YoY + 18% YoY Cement business delivered strong operating performance; Consistent strong growth in RMX business A
Slide 8: Financial result – Consolidated
Financial result – Consolidated Change Particulars UoM Q4'18 Q4'19 YoY Net Sales Rs Cr 3,789 3,970 5% EBITDA# Rs Cr 488 541 11% Margin % 12.9 13.6 0.7 pp Profit Before Tax (PBT)# Rs Cr 343 413 20% Tax Expenses Rs Cr 112$ 140 25% Profit After Tax (PAT) Rs Cr 232$ 273 18% EPS (Normalised) Rs/share 12
Slide 9: Financial result – Consolidated
Financial result – Consolidated Change Particulars UoM 2018 2019 YoY Net Sales Rs Cr 14,477 15,343 6% EBITDA# Rs Cr 2,048 2,413 18% Margin % 14.1 15.7 1.6 pp Profit Before Tax (PBT)# Rs Cr 1,510 2,053 36% Tax Expenses Rs Cr 490$ 675 38% Profit After Tax (PAT) Rs Cr 1,020$ 1,378 35% EPS (Normalised)
Slide 10: Performance Analysis
Performance Analysis Performance Analysis 9 9
Slide 11: Income Statement
Income Statement Rs/ton Change Particulars Q4'18 Q4'19 per ton Revenue 4,602 4,508 -94 Other Operating Income 139 107 -33 Total income from operations (net) 4,741 4,615 -127 Expenses Raw Material Consumed 664 426 -238 Power & Fuel Cost 1,010 916 -94 Logistics Cost 1,318 1,184 -135 Employee Cost 265
Slide 12: Income Statement
Income Statement Rs/ton Change Particulars 2018 2019 per ton Revenue 4,639 4,722 83 Other Operating Income 110 103 -7 Total income from operations (net) 4,749 4,825 76 Expenses Raw Material Consumed 613 519 -95 Power & Fuel Cost 1,033 1,046 13 Logistics Cost 1,343 1,307 -36 Employee Cost 284 266 -19
Slide 13: Sales Volume
Sales Volume Cement Volume (Mio ton) RMX Volume (Mio m3) +4% +8% 7.47 7.76 0.86 0.93 Q4’18 Q4’19 Q4’18 Q4’19 +2% +12% 28.37 28.89 3.16 3.53 2018 2019 2018 2019 Q4 YoY Cement volume grew despite ongoing liquidity constraints & slowdown in infra projects Growth in Premium products volume @6% RMX busin
Slide 14: Net Selling Price
Net Selling Price Rs/ton -2% +2% 4,602 4,508 4,639 4,722 Q4’18 Q4’19 2018 2019 Q4 YoY Focus on delivery of value added products & services Strengthening margin levers ACC Investor Presentation , Feb 07, 2020 © ACC Limited 13
Slide 15: Cost of Materials Consumed
Cost of Materials Consumed Rs/ton -36% -15% 664 613 519 426 Q4’18 Q4’19 2018 2019 Q4 YoY Source mix optimization Better supply chain management ACC Investor Presentation , Feb 07, 2020 © ACC Limited 14
Slide 16: Power & Fuel
Power & Fuel Rs/ton -9% +1% 1,010 1,033 1,046 916 Q4’18 Q4’19 2018 2019 Q4 YoY Fuel flexibility Maximization of consumption of alternative fuels Improvement in electrical energy efficiency ACC Investor Presentation , Feb 07, 2020 © ACC Limited 15
Slide 17: Freight & Forwarding
Freight & Forwarding Rs/ton -10% -3% 1,318 1,343 1,307 1,184 Q4’18 Q4’19 2018 2019 Q4 YoY Improvement in logistics operating efficiencies Focus on road dispatches Road freight reduction ACC Investor Presentation , Feb 07, 2020 © ACC Limited 16
Slide 18: Employee Cost
Employee Cost Rs/ton 0% -7% 265 265 284 266 Q4’18 Q4’19 2018 2019 Q4 YoY People productivity improvement ACC Investor Presentation , Feb 07, 2020 © ACC Limited 17
Slide 19: Other expenses
Other expenses Rs/ton -12% -7% 803 829 708 774 Q4’18 Q4’19 2018 2019 Q4 YoY Reduction in support function cost Lower packing material cost ACC Investor Presentation , Feb 07, 2020 © ACC Limited 18
Slide 20: Awards & Accolades
Awards & Accolades Awards & Accolades 19 19
Slide 21: Awards & Accolades
Awards & Accolades: “Gold award” for excellence in financial reporting for its Annual report 2018 from the Institute of Chartered Accountants of India (ICAI) ACC was named the winner of the Climate Action Programme (CAP) 2.0 “Resilient Award” in the Energy, Mining & Heavy Manufacturing Sector by the
Slide 22: Thank You
THANK YOU ACC Investor Presentation , Feb 07, 2020 © ACC Limited 21
Slide 23: Disclaimer
Disclaimer Cautionary statement regarding forward looking statements This presentation may contain certain forward-looking statements relating to the Company’s future business, developments and economic performance Such statements may be subject to a number of risks, uncertainties and other importan