Lucky Cement Ltd. · PSX:LUCK
Lucky Cement — Q1 FY2023 Earnings Presentation
26 slides from Lucky Cement's earnings presentation, Oct 27, 2022
Slide 1: Analyst Briefing Q1 FY 23
Analyst Briefing Q1 FY 23 27th October 2022 lucky-cement.com
Slide 2: Group Overview
Group Overview Building Material Automobile Electronics Chemicals, Agri Science, Animal Health, Pharma, Nutrition Power 2
Slide 3: Key Messages
Key Messages LEPCL clocked in 78.4% 3.15 MT expansion expected Profitability of local cement availability for its 2nd quarter of to come online as per plan i.e. business improved due to operations due to teething Dec’22 operational efficiencies. issues being resolved Pezu 34 MW Solar Power Internati
Slide 4: Industry Volumes & Market Share Q1 FY 23
Industry Volumes & Market Share Q1 FY 23 lucky-cement.com
Slide 5: Sales Volumes & Market Share - Domestic
Sales Volumes & Market Share - Domestic The domestic sales of the company decreased by 26.2% to reach 1.3 MT in Q1 FY23 During Q1 FY23, the domestic market share of the company comes to 14.8% vs. 15.3% in SPLY Local Sales Volumes (in MT) Market Share 11.3 84.7% 85.2% 9.6 8.6 7.3 1.7 15.3% 14.8% 1.3
Slide 6: Sales Volumes & Market Share - Export
Sales Volumes & Market Share - Export The export sales volumes of the company decreased by 43.5% to reach 0.3MT in Q1 FY23. The decline in exports was mainly due to suppressed demand in foreign markets owed to rising inflation and the challenging fiscal landscape globally During Q1 FY23, the export
Slide 7: Export Destinations
Export Destinations Q1 FY23 Q1 FY22 Others Others 2% 7% Srilanka, Africa Afghanistan & 27% Bangladesh 44% Africa 54% Srilanka, Afghanistan & Bangladesh 66% 7
Slide 8: Standalone Key Figures Q1 FY 23
Standalone Key Figures Q1 FY 23 lucky-cement.com
Slide 9: Standalone Financial Figures for Q1 FY23
Standalone Financial Figures for Q1 FY23 All numbers in PKR billion Sales Revenue Gross Profit Operating Profit 17% 31% 29% Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 19.74 Billion 16.92 Billion 6.03 Billion 4.62 Billion 4.22 Billion 3.27 Billion Other Income EBITDA Profit After Tax 37% 23% 17%
Slide 10: Fragmentation of Other Income for Q1 FY23
Fragmentation of Other Income for Q1 FY23 Other income clocks-in at PKR 2.01bn for Q1 FY23: Dividend from Lucky Dividend from ICI Motors Corporation Pakistan Income from Deposits PKR 0.71B PKR 0.76B PKR 0.54B PKR 1.8B PKR 2.0B PKR 2.1B PKR 0.4B PKR 1.1B 10
Slide 11: Consolidated Key Figures Q1 FY
Consolidated Key Figures Q1 FY 23
Slide 12: Key Figures
Key Figures Consolidated: Q1 FY23 REVENUE EBITDA PAT EPS (RS) 90.6 17.8 8.9 20.57 6.9 16.85 55.0 18.1% 64.8% 10.3 73.2% 21.7% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 All numbers in PKR billion except EPS 12
Slide 13: Consolidated Gross Revenue
Consolidated Gross Revenue All numbers in PKR billion Q1 FY22 Q1 FY23 %∆ 69.3 107.2 ↑54.8% Cement Chemicals Auto & Mobile Assembly Power 29.1 29.3 23.5 25.4 25.9 23.0 20.4 10.7% 12.1% 43.5% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 13
Slide 14: Consolidated Operating Profit
Consolidated Operating Profit All numbers in PKR billion Q1 FY22 Q1 FY23 %∆ 7.8 13.9 ↑78.3% Cement Chemicals Auto & Mobile Assembly Power 4.2 4.70 3.3 3.0 3.1 29.1% 3.5% 1.6 1.4 19.0% (0.04) Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 14
Slide 15: Local Cement Operations Q1 FY 23
Local Cement Operations Q1 FY 23 lucky-cement.com
Slide 16: Utilization Levels
Utilization Levels Clinker Cement 100% 95% 100% 90% 90% 83% 83% 81% 80% 80% 73% 78% 69% 70% 70% 70% 68% 74% 70% 70% 71% 60% 57% 60% 64% 62% 52% 50% 50% 52% 47% 40% 45% 40% 30% 30% Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Pezu Karachi Pezu Karachi 16
Slide 17: Sales & Market Share – Region wise
Sales & Market Share – Region wise Sales - Million Tons Q1 FY22 Q1 FY23 1.2 0.9 0.5 0.4 0.4 0.2 0.2 0.1 North South Exp Cement Exp Clinker Market Share Q1 FY22 Q1 FY23 34.5% 29.6% 28.0% 29.5% 12.6% 12.4% North South Export 17
Slide 18: Installed Energy Mix
Installed Energy Mix Power Mix Before Solar and Power Mix After Pezu Solar & Power Mix After Both Solar Expansion Expansion Projects & Expansion Solar, 13% WHR, 20% Solar, 20% WHR, 20% WHR, 18% Thermal, Thermal, 67% Thermal, 80% 62% Source MW Source MW Source MW Thermal 185 Thermal 185 Thermal 185 W
Slide 19: Foreign Operations Q1 FY 23
Foreign Operations Q1 FY 23 lucky-cement.com
Slide 20: Overseas Returns
Overseas Returns A 50:50 JV with Al Shumookh A 50:50 JV with Al Shumookh Construction A 50:50 JV with Rawsons Investments Joint Venture Construction Materials Trading, a local Materials Trading, a local partner Limited, a local partner partner Al Mabrooka Cement Manufacturing Nyumba Ya Akiba, SA, Pr
Slide 21: Outlook Q1 FY 23
Outlook Q1 FY 23 lucky-cement.com
Slide 22: Outlook
Outlook Floods have posed a challenging start to the current fiscal year. Governmental decision-making to combat depleting foreign currency reserves, rising prices, and other issues will have a significant impact on economy. However, global monetary tightening could stabilize commodity prices soon.
Slide 23: Outlook
Outlook Automobile Power o Despite recovery of PKR vs USD, outlook o The per unit cost of power generated will for automobiles is challenging. reduce significantly when the full quota of Thar Coal is made available to the Company o Company has been continuously optimizing its costs and improving its
Slide 24: Q&A
Q&A roe
Slide 25: Group’s Organogram
Group’s Organogram Lucky Cement Limited Lucky Motor ICI Pakistan Lucky Electric Lucky Holdings LCL Investment Yunus Energy Corporation Limited Power Company Limited Holdings Limited Limited Limited 55% 100% 71.14% 75% 100% 20% ICI Pakistan NutriCo Morinaga NutriCo Pakistan LuckyRawji Holdings Lucky
Slide 26: Disclaimer
Disclaimer This presentation has been prepared by Lucky Cement Limited solely for information purposes. No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any op