ACC Limited · NSE:ACC
ACC — Q1 2019 Earnings Presentation
19 slides from ACC's earnings presentation, Apr 23, 2019
Slide 1: Investor Presentation: Q1'19 Results
Investor Presentation: Q1’19 Results April 23, 2019 Stock code: BSE: 500410 | NSE: ACC | Reuters: ACC.NS | Bloomberg: ACC:IN
Slide 2: ACC Network
ACC Network ACC Investor Presentation , Apr 23, 2019 © ACC Limited 2
Slide 3: Contents
Contents Economy & Cement Industry Performance Highlights Performance Analysis ACC Investor Presentation , Apr 23, 2019 © ACC Limited 3
Slide 4: Economy & Cement Industry Update
Economy & Cement Industry Update 4
Slide 5: Macro Economy
Macro Economy GDP Interest IIP Growth Inflation Growth Rates Asia’s best CPI inflation @2.86% in RBI cuts repo Slows to 20 performing FY20 GDP Mar’19 rate by 25 basis month low of currency against growth (2.57% in Feb’19) points to 6.25% 0.1% in Feb’19 US dollar in forecast (1.7% in Jan’19) Mar’19 p
Slide 6: Cement Industry
Cement Industry Housing demand Government’s mega remains subdued – GST rate reductions infrastructure consumption in real estate sector projects eats into slowdown a – potential to fire up retail cement dampner this sector demand Downward trend Cement demand in imported fuel could see rebound prices
Slide 7: Performance Highlights Q1'19
Performance Highlights Q1’19 7
Slide 8: Performance highlights – Q1'19
Performance highlights – Q1’19 Cement Volume Capacity Utilisation RMX Volume 7.5 mt 90% 0.94 Mio m3 + 5% YoY PY 87% + 19% YoY Op. EBITDA PBT PAT EPS Rs 532 Cr Rs 523 Cr Rs 346 Cr Rs 18/share + 8% YoY + 39% YoY + 38% YoY + 38 YoY Consistent strong performance; sustained growth trajectory ACC Investor
Slide 9: Financial result - Consolidated
Financial result - Consolidated Change Particulars UoM Q1’18 Q1’19 YoY Net Sales Rs Cr 3557 3850 8% Op. EBITDA Rs Cr 492 532 8% Margin % 13.8 13.8 - Profit Before Tax (PBT) Rs Cr 376 523 39% Tax Expenses Rs Cr 125 177 41% Profit After Tax (PAT) Rs Cr 250 346 38% EPS Rs/share 13.3 18.4 38% ACC Invest
Slide 10: Financial Position
Financial Position [Rs Cr] Standalone Particulars 31.12.18 31.03.19 Shareholders Funds 10,528 10,552 Non current Liabilities 803 802 Current Liabilities 4,695 4,691 Equity & Liabilities 16,025 16,045 Fixed Assets 7,442 7,407 Non current investment 226 226 Non current loan and advances 165 157 Other
Slide 11: Performance Analysis
Ff “a Performance Analysis
Slide 12: Sales Volume
Sales Volume Cement Volume RMX Volume (Mio t) (Lakh m3) +5% +19% 7.1 7.5 0.94 0.79 Q1’18 Q1’19 Q1’18 Q1’19 Q1 Performance YoY • Cement volume growth @5%; East region witnessed double digit growth • Premium products volume up by 23% • ‘Karein Kuch Kamaal’- new branding building campaign launched in F
Slide 13: Net Sales
Net Sales [Rs Cr] +8% 3,850 3,557 Q1’18 Q1’19 Q1 Performance YoY • Net Sales improved by optimising market & product mix and volume growth • Sales realisation per ton improved ACC Investor Presentation , Apr 23, 2019 © ACC Limited 13
Slide 14: Cost of Materials Consumed
Cost of Materials Consumed [Rs/t Cement] +1% 600 605 Q1’18 Q1’19 Q1 Performance YoY • Rising slag cost impact mitigated partly through source-mix optimisation • Product portfolio optimised to restrict all cost increase ACC Investor Presentation , Apr 23, 2019 © ACC Limited 14
Slide 15: Power & Fuel
Power & Fuel [Rs/t Cement] Energy cost vs Fuel price +1% 1,048 1,055 Petcoke (Saudi) Petcoke (US) Energy cost Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Q1’18 Q1’19 Q1 Performance YoY • Alternative fuels consumption improved • Thermal substitution rate improved • Cost contained through fuel source mix optimizati
Slide 16: Freight & Forwarding
Freight & Forwarding [Rs/t cement] Freight vs Diesel +0.4% 1,363 1,368 Diesel Price (index) Freight cost (index) Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Q1’18 Q1’19 Q1 Performance YoY • Cost alomost at par with corresponding quarter of previous year • Rationalisation in freight cost through improvement in log
Slide 17: Other expenses
Other expenses [Rs/t cement] -5% 818 781 Q1’18 Q1’19 Q1 Performance YoY • Cost below previous year • Fixed cost and Sales, General & Administrative overheads lower than PY ACC Investor Presentation , Apr 23, 2019 © ACC Limited 17
Slide 18: Thank You
THANK YOU ACC Investor Presentation , Apr 23, 2019 © ACC Limited 18
Slide 19: 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