Dangote Cement Plc · NSENG:DANGCEM
Dangote Cement — H1 2018 Earnings Presentation
16 slides from Dangote Cement's earnings presentation, Mar 1, 2021
Slide 1: Investor Presentation
SBR DANGOTE INVESTOR ny PRESENTATION Building Prosperity in Africa
Slide 2: H1 2018 Highlights
H1 2018 Highlights isere CEMENT f h FINANCIAL Six months to 30% June 2018 2017. — Change Sales volumes ‘000t ‘000t % * Group revenue up 16.9% F810 cass som * Group EBITDA up 20.8% “ (3.9%) = i i 0, Margins improved to 51.0% 11,509 * Earnings per share up 3.0% to 86.60 Revenues . . Nigeria 344,104] 2
Slide 3: Group Financial Overview
Group Financial Overview Six months to 2018 2017 30! June Nm Nm | % change Revenue 482,439 412,676 16.9% Cost of sales (197,595) (177,549) 11.3% Gross profit 284,844 235,127 21.1% Gross margin 59.0% 57.0% 2.0pp EBITDA 246,007 203,675 20.8% EBITDA margin 51.0% 49.4% 1.6pp EBIT 200,517 163,498 22.6% E
Slide 4: EBITDA Development
EBITDA Development Mi increase Ml Decrease M™ Total SR DANGOTE CEMENT 300 32.1 250 soll — 226.9 6.2 6.8 200 150 a % 100 50 i) Nigeria Cameroon Congo* Central costs Total Ethiopia Ghana Senegal Sierra Leone* South Africa Tanzania Zambia * startups * Levers of EBITDA improvement in 2018: — Higher volu
Slide 5: Group Financial Overview
Group Financial Overview «..::: Cash Debt Net debt mM AM xm As at 31st December 2017 168,387 (372,094) (203,707) befor changes in working capil 243,184 243,184 Changes in working capital (35,505) (35,505) Income tax paid (11,498) (11,498) Additions to fixed assets (23,437) (23,437) Other investing a
Slide 6: Group Financial Overview
Group Financial Overview «..::: As at 30/6/18 As at 31/12/17 mM sm Property, plant and equipment 1,175,962 1,192,140 Other non-current assets 60,304 57,089 Intangible Assets 6,988 6,355 Current Assets 286,763 241,912 Cash and Cash Equivalents 199,258 168,387 Total Assets 1,729,275 1,665,883 Non-curr
Slide 7: • • ₦23,473 • ₦25,738 • ₦43,816 ₦44,310 ₦19,780 • ₦ ₦
• • ₦23,473 • ₦25,738 • ₦43,816 ₦44,310 ₦19,780 • ₦ ₦
Slide 8: Revenue per tonne, EBITDA per tonne and volume
₦ 50,000 5,000 ₦ 45,000 ₦ 40,000 ₦ 43,816 ₦ 44,310 4,500 ₦ 45,070 ₦ 44,960 ₦ 44,023 ₦ 35,000 ₦ 40,412 66.3% 65.5% ₦ 30,000 65.7% 4,000 ₦ 37,817 64.8% 64.4% 66.3% ₦ 25,000 65.7% ₦ 28,192 ₦ 28,972 ₦ 29,039 ₦ 20,000 ₦ 23,743 ₦ 29,630 ₦ 29,059 3,500 ₦ 29,176 ₦ 25,738 ₦ 15,000 ₦ 19,780 61.8% 53.3% ₦ 26,1
Slide 9: Nigeria Price Development
Nigeria Price Development oAsere CEMENT Ex-factory price after discounts and other rebates 2,200 $200 2,000 \ 7 ra $180 — $160 ¥ 1,800 ae ee f—\ $140 1,600 A ; $120 * 1,400 $100 § 1,200 V ~~ $80 1,000 $60 ROS AY RDN A A DN DON SOHO. SO OOO OO XN XN KV CEES SEL EOE FEAF ESE ECE ESEEEESF ——=N/bag befo
Slide 10: Kilns Running on Nigerian Gas and Coal
so a a s SR Kilns Running on Nigerian Gas and Coal DANGOTE CEMENT Six months to 30t June Obajana Ibese 2018 2017 2018 2017 Gas 53% 58% 66% 55% Coal 47% 38% 34% 43% LPFO - 4% - 2% Relative cost of fuels vs gas per tonne of clinker As at 30" June 2018 Obajana Ibese Own-mined coal 0.67x 0.76x Imported
Slide 11: Nigeria Cash Cost Analysis
Nigeria Cash Cost Analysis xed Kiln Fuel a Power Plant Production Wages & Salaries SR DANGOTE CEMENT Maintenance Manpower Mine Costs Cash cost was approximately $33/tonne in H1 2018 65% of cash costs are US Dollar based, though less than 20% paid in Dollars Investor Presentation
Slide 12: Pan-Africa Revenues Up
Pan-Africa Revenues Up . Revenues up 11.4% to &138.7B Sales volumes down 3.9% to 4.57Mt EBITDA up 31.9% to 825.9B Margins improving to 18.7% — Higher per-tonne pricing Zambia volumes up 31.2% Cameroon volumes up 2.6% Senegal volumes up 1.1% Pan-Africa performance Six months to 30% June 2018 2017 Cha
Slide 13: Country Updates
Country Updates Cameroon Estimate total market for cement was 1.5Mt in H1 2018 Housing and infrastructure projects driving sales Dangote Cement volumes up 2.6% to 0.64Mt Stronger brand recognition achieved Improvement in sales and marketing strategies 41% market share 88Kt of cement sold 32% market
Slide 14: Country Updates
Country Updates GDP growth expected to remain strong in the next two years Strong cement demand Market drivers include Tema- Accra highway, school building and infrastructure for oil and gas Volumes down 21.7% to 0.40Mt owing to limited availability of imported cement Market share of 11% Ex-factory
Slide 15: South Africa Tanzania Zambia
South Africa Tanzania Zambia
Slide 16: Investor Relations Contacts
INVESTOR RELATIONS CONTACTS For further information contact: Carl Franklin Head of Investor Relations. Dangote Cement Plc +44 207 399 3070 BOARD. 3a SRR } DANGOTE | CEMENT