Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — H1 FY2025 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Oct 19, 2024
Slide 1: Earnings Release / Investor Presentation cover letter to exchanges
1010/02 October 19, 2024 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 / Investor Presenta
Slide 2: Earnings Release Q2 & H1FY25
EARNINGS RELEASE Q2 & H1FY25
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 & H1FY25 Performance 9 TA B L E O F CO N T E N T S 04. ESG & Others 19 05. Awards and Accolades 23 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Quarterly Performance ▪ Sales volume increased by 8.4% YoY to 6.7 MnT ▪ EBITDA stood at Rs 434 Cr and Rs 650/T ▪ Net Debt/EBITDA stood at 0.25x ▪ Renewable Energy consumption increased to 39%1 ▪ CO2 emissions stood at 472 kg/Ton of cement2 Capacity ▪ Current capacity – Cement (46.6 Mn
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 FY23 38.6 East Bokaro Line 2, JH 2.5 +0.5 MnT East Medinipur, WB 0.6 EAST South Sattur, TN 2.0 South Belgaum, KA 0.9 +2.4 MnT South Ariyalur, TN 1.0 NORTH EAST South Kadapa, AP 1.0 Closing Capacity as on date 46
Slide 9: Announced Clinker Capacity Expansion Plan
Announced Clinker Capacity Expansion Plan Figures in MnT South East North East West Total Q2FY25 10.1 7.7 2.7 2.1 22.6 FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 8
Slide 10: Q2 & H1FY25 Performance
SECTION 03 Q2 & H1FY25 PERFORMANCE 9
Slide 11: Operational Performance
Operational Performance Quarterly Sales Volume Half-Yearly Sales Volume (MnT) Growth: 8.4% (MnT) Growth: 7.2% Decline: 10.1% 7.4 14.1 13.2 6.7 6.2 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 ➢ Sales volume rose 8.4% YoY despite weak Q2FY25 industry demand and discontinuation of tolling with JP since Jul’24 1
Slide 12: Financial Performance
Financial Performance Quarterly Revenue Half-Yearly Sales Revenue Decline: 2.1% (Rs Cr) (Rs Cr) Decline: 1.1% Decline: 14.7% 3,621 6,780 6,708 3,153 3,087 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 11
Slide 13: Financial Performance – Cost of Raw Material
Financial Performance Quarterly Cost of Raw Material Consumed^ Half-Yearly Cost of Raw Material Consumed^ (Rs/T) (Rs/T) Increase: 0.4% Increase: 1.0% Increase: 1.2% 776 784 785 789 779 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 ^ Basis Cement Production (not sales volume) 12
Slide 14: Financial Performance – Power & Fuel Cost
Financial Performance Quarterly Power & Fuel Cost^ Half-Yearly Power & Fuel Cost ^ (Rs/T) Decrease: 11.3% (Rs/T) Decrease: 17.5% Increase: 0.9% 1,221 1,140 1,003 1,012 1,007 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 ➢ Fuel consumption cost declined from ~$127/T in Q2 FY24 (~$106/T in Q1 FY25) to ~$101/T in
Slide 15: Financial Performance – Logistics Cost
Financial Performance Quarterly Logistics Cost Half-Yearly Logistics Cost (Rs/T) (Rs/T) Increase: 7.6% Increase: 1.4% Decrease: 1.4% 1,117 1,110 1,102 1,094 1,024 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 ➢ Logistics costs increased on YoY basis primarily due to servicing of cement to Central markets from
Slide 16: Financial Performance – Total Cost per Tonne
Financial Performance Total Cost /T 4,153 4,235 3,973 3,971 3,972 766 750 Others 716 817 764 340 Employee Costs 367 307 317 328 Freight Charges 1094 1024 1117 1102 1110 Power & Fuel Purchase of stock in trade Raw Material Consumed 1132 1019 1216 1058 1038 (Inc)/Dec in stock 190 143 0 162 75 Total 73
Slide 17: Financial Performance – EBITDA
Financial Performance Quarterly EBITDA Half-Yearly EBITDA (Rs Cr) Margins 18.8% 18.5% 14.1% 17.8% 16.4% Decrease : 26.8% Decrease: 8.5% Decrease : 35.1% 1,206 669 1,103 593 434 Q2FY24 Q1FY25 Q2FY25 H1FY24 H1FY25 ➢ EBITDA declined on a YoY basis primarily due to softness in cement prices and higher f
Slide 18: Financial Performance – Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.17x 0.25x (Rs Cr) Jun’24 Sep’24 * Includes MTM value of IEX Investment (Q1FY25: Rs 2,403 Cr ; Q2FY25: Rs 2,719 Cr) 17
Slide 19: Finance Cost
Finance Cost Q2 FY25 (Rs Cr) Cost of Borrowing : 8.1% Q2 FY24 (Rs Cr) Cost of Borrowing : 8.1% 18
Slide 20: ESG & Others
SECTION 04 ESG & OTHERS 19
Slide 21: Renewable Power Update
Renewable Power Update Captive Renewable Power Capacity 12x Total Renewable Power - MW Solar WHRS 202 185 166 130 113 100 63 32 32 17 17 66 72 72 10 8 8 22 31 9 9 FY19 FY20 FY21 FY22 FY23 FY24 Q2FY25 ➢ In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040, signed multiple Group
Slide 22: Managed by a Diverse Leadership Team
Managed by a Diverse Leadership Team Puneet Dalmia Rajiv Bansal Dharmender Tuteja KC Birla Sameer Nagpal Navin Tewari Ganesh Wamanrao Udaiy Khanna MD & CEO President and Chief Chief Financial Officer Head – Growth & Chief Operating Officer Chief Marketing Officer Jirkuntwar Head - Human Resources Tr
Slide 23: CSR at Dalmia Bharat
CSR at Dalmia Bharat Activities at CSR Climate Action : A check dam with a Social Infrastructure : Held a general Livelihood: Facilitated over 40 micro 60,000 cubic meter capacity was medical camp where 2,287 people were enterprises in Bokaro, Cuttack, inaugurated in Kallakudi, benefiting 200 screen
Slide 24: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 23
Slide 25: Sustainability Awards
Sustainability Awards 6th Sustainable World Conclave by 25th National Award for Excellence in 4th Sustainability Summit & Awards Business World Energy Management 2024 by CII 2024 1. National Energy Leader – Dalmiapuram Top 3 businesses in Cement & Building 2. National Energy Leader – Ariyalur Best S
Slide 26: Safety & Supply Chain Awards
Safety & Supply Chain Awards Sustainable Mine Management Award 12th Annual Manufacturing Today Mines Safety Awards 2024 by the Ministry of Mines and the Indian Conference & Awards 2024 Bureau of Mines Operational Excellence to Kallakudi FIVE- STAR rating to Nawabpet - Excellence In Supply Chain (Lar
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) Particulars Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Cost of Raw Material Consumed 768 785 781 771 779 789 Power & Fuel 1,293 1,140 1,102 1,018 1,003 1,012 27
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) Q2 FY25 Q2 FY24 With Without With Without Restructuring Restructuring Restructuring Restructuring Income from Operations 3,087 3,087 3,153 3,153 Less:-Operating Expenses 2,653 2,653 2,560 2,560 EBITDA 434 434 593 593 Add:- Ot
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