J.k. Cement Ltd. · NSE:JKCEMENT
J.k. Cement — Q1 FY2024 Earnings Presentation
24 slides from J.k. Cement's earnings presentation, Aug 14, 2023
Slide 1: Stock exchange disclosure cover letter
JKCL/35/SE/2023 (Investor Presention-Q1/23) Dated: 14.08.2023 BSE Ltd. National Stock Exchange of India Ltd., Department of Corporate Services Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers Bandra (E), Mumbai-400051 Dalal Street Scrip Code: JKCEMENT (ISIN.INE Mumbai-400 001 823G0101
Slide 2: Investor Presentation Q1 FY24
Investor Presentation Q1 FY24
Slide 3: Agenda
Agenda 1 ESG & CSR Update 2Company Overview 3Q1 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 Q1FY24 511 45 15.6 4.5 465 75 35 5 Target FY30 Specific Net Scope 1 emission Green Powe
Slide 6: JK Cement's Social Impact & CSR Outreach
JK Cement’s Social Impact & CSR Outreach Building resilient communities Social & CSR Expenditure ₹ 12.53 Cr 29% 68% 3% Education Community Development Rural Infrastructure & Health Contribution to mass marriage Promoting higher education ceremony of 2121 couples of all and vocational training castes
Slide 7: JK Cement's Social Impact & CSR Outreach (contd.)
JK Cement’s Social Impact & CSR Outreach (contd.) Aganwadi development at Installation of Sanitary Nimbahera Vending machine at Govt.Girl School at Panna Stitching training Health camp to women under organized at self employment Muddapur programme Contribution to JK Gram Panchayat Trust for Cattle B
Slide 8: Company Overview
Company os Overview yd
Slide 9: Company Snapshot
Company Snapshot Building on a strong foundation 20.7 MTPA 2.21 MTPA Grey Cement Capacity White Cement & Wall Putty Capacity in India 111.15 MW 64.3 MW 46.85 MW Green Power Capacity Waste Heat Recovery Captive Solar and Wind System (WHRS) Power Capacity Complete Portfolio Grey Cement, White Cement (
Slide 10: Enhancing the share of clean Green energy
Cementing a New Phase Enhancing the share of clean Green energy 22 MW Waste Heat Recovery Commissioned at Panna, MP Image to come from client 9
Slide 11: Ongoing Expansion
Ongoing Expansion Progress on track Image to come from client Image to come from client Greenfield Expansion at Ujjain (Grinding Unit) Greenfield Expansion at Prayagraj (Grinding Unit) 1.5 MTPA Status Update Capex YTD June’23 2.0 MTPA Status Update Capex YTD June’23 Additional Grey Cement Capacity W
Slide 12: Performance Highlights Q1 FY24
Performance Highlights Q1 FY24
Slide 13: Key Performance Highlights for Q1FY24 – Grey Cement
Key Performance Highlights for Q1FY24 – Grey Cement Capacity Grey Volume Net Sales Blended Cement Premium expansion Realisation / Trade Mix Products Central India Blended expansion achieved Cement 75% 4.1 ₹4,967 68% 11% capacity utilization with Million per ton Trade mix of Trade Sales EBITDA /ton m
Slide 14: Volume Highlights - Quarterly
Volume Highlights - Quarterly Sustained momentum sequentially Lakhs Tons Grey Business White Business Combined 29% 1% 25% YoY YoY YoY 1 % 2 % 1 % QOQ QOQ QOQ 5.25 5.33 41.04 41.38 5.19 1.21 1.10 1.30 31.72 41.04 41.38 31.72 4.04 4.23 3.89 Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY2
Slide 15: Standalone Financial Highlights
Standalone Financial Highlights Particulars (₹ Cr) Q1FY24 Q4FY23 QoQ Q1FY23 YoY Grey Net Sales 2039 2072 2% 1,640 24% White Net Sales 502 541 7% 476 5% Total Net Sales 2,541 2,613 3% 2,116 20% Combined EBITDA 402 364 11% 407 1% 14
Slide 16: Consolidated Financial Highlights
Consolidated Financial Highlights Particulars (₹ Cr) Q1FY24 Q4FY23 QoQ Q1FY23 YoY Grey Net Sales 2,039 2072 2% 1,640 24% White Net Sales 641 654 2% 585 10% Total Net Sales 2,680 2,726 2% 2,225 20% Combined EBITDA 408 350 17% 406 0.5% 15
Slide 17: Key Cost Variables
Key Cost Variables Stabilising at current levels Pet coke 6.5% sulphur USA CFR Diesel Prices ($/MT) (₹/Litre) 254.8 249.5 245.5 218.5 100.2 194.0 187.7 93.48 185.0 93.10 92.70 92.70 92.70 92.7092.70 171.3 175.3 177.0 178.8 162.8 145.0 126.0 109.8 Dec'22 Jul'22 Feb'23 Aug'22 Nov'22 Mar'23 Apr'22 May'
Slide 18: Cost Trend (Standalone): Energy and Logistics
Cost Trend (Standalone) Energy and logistics cost ease further Energy Logistics (₹/MT) (₹/MT) 8% 2% YoY YoY 11 % QOQ 0.5 % 1649 QOQ 1239 1245 1217 1468 1358 Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY23 11% reduction in fuel cost Marginally lower due to reduction in lead distance 17
Slide 19: Cost Trend (Standalone): Operating leverage plays out
Cost Trend (Standalone) Operating leverage plays out (YOY) Employee Other Expenses (₹/MT) (₹/MT) 10% 8% YoY 14 YoY % 0.3 % 401 QOQ QOQ 369 994 891 894 324 Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY23 Cost optimization resulted in lower cost Increased due to Annual Increments 18
Slide 20: Standalone Financial Statement
Standalone Financial Statement QoQ YoY Particulars (₹ Cr) Q1FY24 Q4FY23 Q1FY23 % Inc/Dec %Inc/Dec Net Sales 2541 2613 3% 2116 20% Rev from Operations 2624 2665 2% 2163 21% Operating Expenses 2222 2301 3% 1756 27% EBITDA 402 364 11% 407 1% Margins % 15.8% 13.9% 190 bps 19.2% 340bps Depreciation 118 1
Slide 21: Consolidated Financial Statement
Consolidated Financial Statement QoQ YoY Particulars (₹ Cr) Q1FY24 Q4FY23 Q1FY23 % Inc/Dec %Inc/Dec Net Sales 2680 2726 2% 2225 20% Rev from Operations 2762 2778 0.5% 2272 22% Operating Expenses 2354 2428 3% 1866 26% EBITDA 408 350 17% 406 0.5% Margins % 15.2% 12.8% 240 bps 18.2% 300 bps Depreciatio
Slide 22: Consolidated Debt Profile
Consolidated Debt Profile Gross Debt Cash Net Debt 1621 (₹ Cr) (₹ Cr) (₹ Cr) 3031 2913 4503 4534 1472 FY24* FY23 FY24* FY23 FY24* FY23 Net Debt/EBITDA Equity Net Debt/Equity (₹ Cr) 2.21 2.30 0.64 0.63 4767 4640 FY24* FY23 FY24* FY23 FY24* FY23 *As on 30th June, 2023 21
Slide 23: Awards and certifications
wa JK A Landmark Achievement ; i *, for Team Muddapur! om %: : ng fj no Pari i) tory with GreenCo Platinum Rating ‘i 5 ~& AT itt Lp Great Place To Work. Certified Feb 2023 - Feb 2024 th Time in a Row
Slide 24: Thank You
Thank You