Heidelbergcement India Limited. · NSE:HEIDELBERG
Heidelbergcement India — Q2 FY2019 Earnings Presentation
13 slides from Heidelbergcement India's earnings presentation, Nov 5, 2018
Slide 1: HeidelbergCement India Limited (HCIL) Q2FY19 Investor Presentation
HeidelbergCement India Limited (HCIL) Q2FY19 Investor Presentation November 5, 2018 Renewable Power Waste Heat Recovery System GreenCo Gold Slide 1, Nov’18
Slide 2: Cautionary Statement
Cautionary Statement Statements in this presentation, which describe the Company’s objectives, projections, estimates, expectations or predictions, may be considered to be “forward-looking statements” within the meaning of applicable Securities Laws and Regulations. These statements are based on c
Slide 3: Index
Index 1 Indian Cement Industry – trailing twelve months 2 HCIL Quarterly Volumes – trailing twelve months 3 Q2FY19 – HCIL‘s major highlights 4 Income statement 5 EBITDA per tonne bridge: Q2FY18 to Q2FY19 6 Q2FY19 – Share of volume 7 Balance sheet 8 Awards and accolades 9 Outlook Slide 3, Nov’18
Slide 4: Indian Cement Industry – trailing twelve months
1 Indian Cement Industry – trailing twelve months All India installed cement capacity of ~480 Mn T as at Sep’18. Cement Industry reported production volume growth of 15% in last twelve months driven by growth in infrastructure and rural housing; part of the growth was also driven by low base due
Slide 5: HCIL Quarterly Volumes – trailing twelve months
2 HCIL Quarterly Volumes – trailing twelve months +5% +15% +16% 1.27 1.27 +6% 1.22 1.21 1.10 1.13 1.05 1.06 Dec’16Q Dec’17Q Mar’17Q Mar’18Q Jun’17Q Jun’18Q Sep’17Q Sep’18Q > 10% volume growth in trailing twelve months driven by robust cement demand esp. in rural Central India Slide 5, Nov’18
Slide 6: Q2FY19 – HCIL's major highlights
3 Q2FY19 – HCIL‘s major highlights Highest ever quarterly HCIL continues to sell 100% realization & EBITDA/t blended cement EBITDA of ₹ 1,036 per tonne @ mycem power - premium capacity utilization of 82% product vol. increased 11% y/y WHR generation up by 12% y/y Paid second tranche of ₹ ECB Mio ₹ 7
Slide 7: Income statement
4 Income statement Mio ₹ Quarter ended Y/y 6 months ended Y/y Particulars Sep'18 Sep'17 Change% Sep'18 Sep'17 Change% Total Income 4,859 4,259 14% 10,261 8,669 18% Total Expenditure 3,693 3,326 11% 7,901 7,065 12% EBITDA 1,166 933 25% 2,359 1,604 47% Depreciation/amortization 255 255 0% 510 505 1% O
Slide 8: EBITDA per tonne bridge: Q2FY18 to Q2FY19
5 EBITDA per tonne bridge: Q2FY18 to Q2FY19 +18% 8 39 ₹ per tonne 16 90 1,036 311 878 Adjusted scale Q2FY18 GSR Raw Material Power & Fuel Freight Others* Q2FY19 Note: Change in inventory has been apportioned equally on Raw Material and Power and Fuel expenses. *Other expenses include other operating
Slide 9: Q2FY19 – Share of volume
6 Q2FY19 – Share of volume 47% road volume, +230 bps y/y 41% Coal, +1390 bps y/y 9% of trade volume, flat y/y 85% Trade sales, +487 bps y/y Slide 9, Nov’18
Slide 10: Balance sheet
7 Balance sheet Mio ₹ Particulars 30-Sep-18 31-Mar-18 Particulars 30-Sep-18 31-Mar-18 Equity and liabilities Assets Equity Non-current assets a) Equity share capital 2,266 2,266 a) Property, plant and equipment 17,590 18,044 b) Other equity 8,527 8,198 b) Capital work-in-progress 175 81 10,793 10,46
Slide 11: Awards and accolades
8 Awards and accolades Jhansi Plant – “GreenCo Gold” award by GreenCo Rating System Damoh Plant – “GreenCo Silver” award by GreenCo Rating System Jhansi Plant – CII’s award for Excellent Energy Efficient Unit Slide 11, Nov’18
Slide 12: Outlook
9 Outlook Positives: Cement demand expected to touch double digit growth in FY19; demand expected to be primarily driven by rural housing, affordable housing and infrastructure. Boost in government spending on infrastructure to drive growth: affordable housing and Infrastructure development – co
Slide 13: Safety is our foremost priority
Bird’s-eye view of Damoh clinker plant Safety is our foremost priority Slide 13, Nov’18
HeidelbergCement India — Q2 FY2019 Earnings Presentation on 6ix