Dangote Cement Plc · NSENG:DANGCEM
Dangote Cement — 9M 2018 Earnings Presentation
17 slides from Dangote Cement's earnings presentation, Mar 1, 2021
Slide 1: Dangote Investor Presentation
SBR DANGOTE INVESTOR ny PRESENTATION Building Prosperity in Africa
Slide 2: 9M 2018 Highlights
9M 2018 Highlights FINANCIAL * Group revenue up 13.5% Group EBITDA up 14.6% — Margin of 49.2% . * Earnings per share up 2.7% to $9.25 . Second 850B Commercial Paper issued — Largest-ever issuances by Nigerian company OPERATIONAL * Group volumes up 7.6% * Nigeria volumes up 11.7% — Strong market grow
Slide 3: Group Financial Overview
Group Financial Overview Nine months to 2018 2017 30! September Nm Nm | % change Revenue 685,290 603,575 13.5% Cost of sales (287,682) (259,854) 10.7% Gross profit 397,608 343,721 15.7% Gross margin 58.0% 56.9% 1.1pp EBITDA 337,297 294,306 14.6% EBITDA margin 49.2% 48.8% 0.4pp EBIT 266,860 233,139 1
Slide 4: EBITDA Development
EBITDA Development ott cunt Mi increase Mi Decrease Mi Total 400 2 306.3 P| 8.6 3373 300 . : 81 a 250 200 150 100 50 0 Nigeria Cameroon Congo* Central costs Total Ethiopia Ghana Senegal Sierra Leone * South Africa Tanzania Zambia * Levers of EBITDA improvement in 2018: * startups — Higher volumes —
Slide 5: Group Financial Overview: Cash and Debt
Group Financial Overview «..::: ott cEMENT Cash Debt Net debt Loans by Short-term Long-term Total Nm Nm Nm currency NB NB NB As at 31st December 2017 168,387 (372,094) (203,707) US$ 52 44 96 Cash generated from operations . before changes in working 337,085 337,085 Reta 93 76 169 ital apis Rand 3 40
Slide 6: Group Financial Overview: Balance Sheet
Group Financial Overview «..::: Balance Sheet As at 30/9/18 As at 31/12/17 sm sm Property, plant and equipment 1,175,487 1,192,140 Other non-current assets 81,766 57,089 Intangible Assets 7,221 6,355 Total non-current assets 1,264,474 1,255,584 Current Assets 273,135 241,912 Cash and Cash Equivalent
Slide 7: • ₦23,473 ₦25,738 • ₦43,816 ₦19,780 ₦44,311 ₦43,187 • ₦ • ₦ • ₦
• ₦23,473 ₦25,738 • ₦43,816 ₦19,780 ₦44,311 ₦43,187 • ₦ • ₦ • ₦ ₦
Slide 8: Revenue per tonne
₦ 50,000 5,000 ₦ 45,000 ₦ 40,000 ₦ 43,816 ₦ 44,311 4,500 ₦ 45,070 ₦ 44,960 ₦ 44,023 ₦ 43,187 ₦ 35,000 ₦ 40,412 66.3% 65.5% ₦ 30,000 64.8% 65.7% 64.4% 66.3% 4,000 ₦ 37,817 61.6% ₦ 25,000 65.7% ₦ 28,192 ₦ 28,972 ₦ 20,000 ₦ 23,743 ₦ 29,630 ₦ 29,059 ₦ 26,592 3,500 ₦ 29,176 ₦ 29,039 ₦ 25,738 ₦ 15,000 ₦ 1
Slide 9: Nigeria Price Development
Nigeria Price Development oAsere CEMENT Ex-factory price after discounts and other rebates 2,200 $200 2,000 he 7 ra $180 $160 ¥ 1,800 ae ee f—\ $140 1,600 =. ; $120 * 1,400 $100 § 1,200 V ~~ $80 1,000 Sess $60 eS af © no 0 a 5 “ x 2 LEE ELSES EEE EEE EE EEE EEF EEE § ——=N/bag before transport ——$/to
Slide 10: Kilns Running on Nigerian Gas and Coal
Kilns Running on Nigerian Gas and Coal isere CEMENT Fuel mix Nine months to 30 September Obajana Ibese 2018 2017 2018 2017 Gas 53% 41% 69% 43% Coal 47% 57% 31% 56% LPFO - 2% - 1% Relative cost of fuels vs gas per tonne of clinker As at 30" September 2018 Obajana Ibese Own-mined coal 0.74x 0.83x Impo
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 $33.10/tonne in 9M 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 pase CEMENT * Revenues up 11.7% to &214.3B sales ('000 tonnes) — Q3 2018 revenues 875.6B; highest quarter 3000 in 2018 ; * Sales volumes flat at 703Mt 1000 sn * EBITDA up 21.09% to 839.1B emo LE — 18.3% margin — Q3 EBITDA §13.2B 5,000. nyenre * Zambia volumes up 40.9% 4000 Bee
Slide 13: Country Updates: Cameroon, Congo, Ethiopia
Country Updates Cameroon Economy remains strong; 4.0% growth expected in 2018 Estimate total market for cement was 2.3Mt, up 8.6% on 2017 Dangote Cement sales of 0.9Mt, approximately the same as 2017 Market share of 41% Increase in housing building and infrastructure projects Average ex-factory pric
Slide 14: Country Updates: Ghana, Senegal, Sierra Leone
Country Updates Economy expected to remain strong in the next two years Strong cement demand Market drivers include infrastructure for oil and gas, new housing projects, Tema- Accra highway and school building Dangote Cement sales of 610Kt, down 9% from 2017 Market share of 13% Ex-factory pricing of
Slide 15: South Africa, Tanzania, Zambia
South Africa Tanzania Zambia
Slide 16: Appendix
SIR DANGOTE CEMENT APPENDIX Building Prosperity in Africa Investor Presentation
Slide 17: 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