Acc Limited · NSE:ACC
Acc — Q1 2018 Earnings Presentation
19 slides from Acc's earnings presentation, Apr 18, 2018
Slide 1: Q1'18 Results Investor Presentation
Q1’18 Results Investor Presentation April 18, 2018
Slide 2: Contents
Contents 1 Cement Industry Update 2 Performance Levers 3 Financial Highlights 2 ACC Limited / India Investor Presentation
Slide 3: Cement Industry
Cement Industry Cost pressure remains elevated for the industry; sharp rise in energy and freight costs due to higher petcoke, coal and diesel prices Sharp rise in slag prices Sand availability improved Coal availability impacted industry adversely due to cut in rake availability to non‐ pow
Slide 4: Performance Levers
Contents 1 Cement Industry Update 2 Performance Levers 3 Financial Highlights 4 ACC Limited / India Investor Presentation
Slide 5: Performance Levers – Q1'18
Performance Levers – Q1’18 Cement Volume RMX Volume Capacity Utilization 7.11 mt 8.39 Lakh m3 86% +8% YoY +16% YoY PY 81% Op. EBITDA Op. EBITDA PBT Rs 492 Cr Margin 13.8% Rs 376 Cr +18% YoY PY 13.4% +44% YoY Growth sustained Volumes increased, Op. EBITDA & Margin improved, PBT up 5 ACC Limited / Ind
Slide 6: Financial Highlights
Contents 1 Cement Industry Update 2 Performance Levers 3 Financial Highlights 6 ACC Limited / India Investor Presentation
Slide 7: IND AS Result - Consolidated
IND AS Result - Consolidated Change Particulars UoM Q1'17 Q1'18 vs PY Net Sales Rs Cr 3108 3557 14% Op. EBITDA Rs Cr 417 492 18% Op EBITDA Margin % 13.4 13.8 40 bps Profit Before Tax (PBT) Rs Cr 261 376 44% Tax Expenses Rs Cr 50 125 152% Profit After Tax (PAT) Rs Cr 211 250 19% Earning per Share (EP
Slide 8: Financial Position
Financial Position Rs Cr Standalone Particulars 31.12.17 31.03.18 Shareholders Funds 9,365 9,613 Non current Liabilities 683 744 Current Liabilities 4,841 4,484 Equity & Liabilities 14,889 14,841 Fixed Assets 7503 7433 Non current investment 230 230 Non current loan and advances 216 195 Other non cu
Slide 9: Sales Volume
Sales Volume Cement (Mio T) Ready mix (Mio m3) +8% +16% 6.60 7.11 0.84 0.72 Q1’17 Q1’18 Q1’17 Q1’18 Volume grown across regions Higher growth in premium products volume (18%) Ready mix business double‐digit volume growth sustained 9 ACC Limited / India
Slide 10: Net sales grew despite market challenges
Net Sales [Rs Cr] +14% 3,557 3,108 Q1’17 Q1’18 Net sales grew despite market challenges 10 ACC Limited / India
Slide 11: Cost of Material Consumed
Cost of Material Consumed [Rs/t Cement] +16% 600 515 Q1’17 Q1’18 65% of the cost increase on account steep rise in slag prices Flyash Cost increased on account of long lead sourcing in order to meet additional requirement Gypsum ‐ source mix optimization helped lower cost burden 11 ACC Limited / Ind
Slide 12: Power & Fuel
Power & Fuel [Rs/t Cement] +7% 976 1,048 Q1’17 Q1’18 Energy efficiency improved Soaring coal/petcoke prices and lower availability of FSA linkage coal drove power & fuel cost up 12 ACC Limited / India
Slide 13: Freight & Forwarding
Freight & Forwarding [Rs/t Cement] 61* 223* -1% 1,155 1,140 Q1’17 Q1’18 Cost maintained below previous year despite diesel price hike and volume growth * impact of change in commercial terms (Ex to FOR delivered) 13 ACC Limited / India
Slide 14: Other Expenses
Other Expenses [Rs/t Cement] ‐8% 889 818 Q1’17 Q1’18 Absolute cost below previous year 14 ACC Limited / India
Slide 15: Strong Brand - Product and Service Portfolio
Strong Brand - Product and Service Portfolio Cement Retail B2B 80% 20% Products Base Range Premium Range GBC Bricks Bulk Cement Services Construction Ka B2B Services Doctor & Consumer & Dealer On-site services Mobile Apps & In-store services Digital Services 15 5 ACC Limited / India
Slide 16: Strong Brand - Product and Service Portfolio
Strong Brand - Product and Service Portfolio Across B2B segments – Mid & High Rise, Roads, Commercial Ready Mix Segment, Other Infrastructure Concrete Products Regular RMX (M5 to M60) Value Added Products Allied Products Dedicated Plants Services Operation and Pumping and Lifting Maintenance Project
Slide 17: ACC – An Extraordinary Journey
ACC – An Extraordinary Journey 17 ACC Limited / India 17
Slide 18: ACC – An Extraordinary Journey
ACC – An Extraordinary Journey 18 ACC Limited / India 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