Lucky Cement Ltd. · PSX:LUCK
Lucky Cement — 9M FY2022 Earnings Presentation
27 slides from Lucky Cement's earnings presentation, Apr 28, 2022
Slide 1: Analyst Briefing 9M 2021-22
Analyst Briefing 9M 2021 - 22 28th April 2022 lucky-cement.com
Slide 2: Group Overview
Group Overview Automobile Electronics Building Material Animal Health, Pharma, Nutrition Agri Sciences & Chemicals Power 2
Slide 3: Key Messages
Key Messages Signed a 34 MW Solar Power Proactive procurement of LEPCL started commercial Project with Reon for Pezu coal & FO help in maintaining operations on 21st Mar’22 Plant gross margins Samsung started producing ICI entered into a float glass Delivery of Peugeot 2008 high-end S series phones
Slide 4: Industry Volumes & Market Share
Industry Volumes & Market Share 9M - 22 lucky-cement.com
Slide 5: Domestic Sales Volumes & Market Share
Domestic Sales Volumes & Market Share The domestic sales of the company decreased 0.2mn tons to 5.5 mn tons in 9M-FY22, down by 3.6%. During 9M-FY22, the domestic market share of the company dropped 54bps to 15.2% compared to 15.8% in same period last year. Local Sales Volumes (in mn tons) Local Mar
Slide 6: Export Sales Volumes & Market Share
Export Sales Volumes & Market Share The export sales volumes of the company decreased 0.4mn tons to 1.6 mn tons in 9M-FY22, down by 19.6% due to increase in input cost and high freight costs globally. During 9M-FY22, the export market share of the company augmented by 640bps to 33.4% compared to 27.
Slide 7: Export Destinations
Export Destinations 9M - 22 9M - 21 SouthAfrica 6% SouthAfrica Bangladesh 13% Madagascar 21% 16% Bangladesh Madagascar 37% 13% Others Afghanistan 7% 9% Others 8% Afghanistan 2% SriLanka SriLanka 32% 36% 7
Slide 8: Standalone Key Figures
Standalone Key Figures 9M - 22 lucky-cement.com
Slide 9: Standalone Financial Figures for 9M-FY22
Standalone Financial Figures for 9M-FY22 Sales Revenue Gross Profit Operating Result 25% 5% 7% 9M-FY22 9M-FY21 9M-FY22 9M-FY21 9M-FY22 9M-FY21 58.9 Billion 47.1 Billion 14.0 Billion 14.7 Billion 9.2 Billion 9.9 Billion Other Income EBITDA Profit After Tax 23% 4% 3% 9M-FY22 9M-FY21 9M-FY22 9M-FY21 9M
Slide 10: Fragmentation of Other Income for 9M-FY22
Fragmentation of Other Income for 9M-FY22 Other income clocks-in at PKR 6.4bn for 9M-FY22: PKR 0.4bn PKR 1.1bn PKR 2.0bn PKR 1.5bn PKR 1.4bn Dividend from Lucky Dividend from Lucky Dividend from ICI Out of PKR 1.5bn, PKR Income from deposits Holdings & Yunus Motors Corporation Pakistan 800mn is a on
Slide 11: Consolidated Key Figures
Consolidated Key Figures 9M - 22
Slide 12: Key Figures Consolidated: 9M 2022
Key Figures Consolidated: 9M 2022 REVENUE EBITDA PAT EPS (Rs) 26.5 64.1 216.6 34.3 56.4 29.7 22.2 156.8 14% 38% 16% 20% 9M-21 9M-22 9M-21 9M-22 9M-21 9M-22 9M-21 9M-22 All numbers in PKR billion except EPS 12
Slide 13: Consolidated Net Revenue
Consolidated Net Revenue 9M - 21 9M - 22 %∆ 156.8 216.6 ↑38% Cement Chemicals Auto & Mobile Assembly 72.5 82.6 58.9 47.1 61.9 48.1 25% 51% 34% 9M-21 9M-22 9M-21 9M-22 9M-21 9M-22 All numbers in PKR billion except EPS 13
Slide 14: Consolidated Operating Profit
Consolidated Operating Profit 9M - 21 9M - 22 %∆ 23.0 26.3 ↑14% Cement Chemicals Auto & Mobile Assembly 10.1 6.9 9.9 9.2 6.0 7% 13% 60% 6.3 9M-21 9M-22 9M-21 9M-22 9M-21 9M-22 All numbers in PKR billion except EPS 14
Slide 15: Cement Operations
Cement Operations 9M - 22 lucky-cement.com
Slide 16: Utilization Levels
Utilization Levels CEMENT Karachi Pezu 80% 72% 69% 73% 70% 79% 66% 70% 70% 71% Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 CLINKER Karachi Pezu 91% 95% 83% 83% 83% 74% 78% 78% 64% 62% Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 16
Slide 17: Market Share & Sales
Market Share & Sales Market Share 9M-21 9M-22 31% 34% 29% 27% 13% 13% North South Export Sales - Million Tons 9M-21 9M-22 3.99 3.73 1.72 1.77 1.27 0.91 0.63 0.64 North South Exp Cement Exp Clinker 17
Slide 18: 9M-22 vs 9M-21 PAT Waterfall
9M-22 vs 9M-21 – PAT Waterfall Sales Volume: Local ↓0.20Mt; Export ↓0.34Mt Packing: Due to lower exports Retention Prices – Local: ↑PKR 2,200 - 2,700/t Interest Income: Higher income from investments from rising interest rates Retention Prices – Export: ↑PKR 800 – 1,300/t Other Income: I
Slide 19: Solar Power Project
Solar Power Project Project Lucky has signed a 34MW Captive Solar Power Project for our Pezu Plant in Khyber Pakhtunkhwa, with Reon Energy. • Total project cost is estimated to be PKR ~3.8bn. Financing • It is being financed through 50% debt and 50% equity. Cost of solar power generation would be ar
Slide 20: Foreign Operations
Foreign Operations 9M - 22 lucky-cement.com
Slide 21: Rising Overseas Returns
Rising 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,
Slide 22: Future Plans & Outlook
Future Plans & Outlook 9M - 22 lucky-cement.com
Slide 23: Future Plans
Future Plans Keep expanding New Ventures Technology as a Exponentially Execute strategic existing businesses & having strategic pillar for the Group increase roadmap to reduce increase International importance for accessibility to carbon footprint footprint Pakistan quality education 23
Slide 24: Outlook
Outlook Political uncertainty and Russia-Ukraine conflict over-shadowed the recovery from the pandemic. Economy will mirror the new Government’s stance with IMF program and improvement of various economic indicators. Cement Chemical Auto & Mobile Assembly • Recent hike in interest rate coupled with
Slide 25: Q&A
Q&A 25
Slide 26: Group's Organogram
Group’s Organogram Lucky Cement Limited Holding Company Lucky Electric Power Lucky Motors Lucky Holdings LCL Investment Yunus Energy ICI Pakistan Limited Company Corporation Limited Holdings Limited Limited 55% 100% 71.14% 75% 100% 20% ICI Pakistan NutriCo Morinaga NutriCo Pakistan LuckyRawji Holdin
Slide 27: 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