Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q3 FY2023 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Feb 4, 2023
Slide 1: Stock exchange filing cover letter
File No: 1010/02 February 04, 2023 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort Mumbai - 400001 Bandra - Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai - 400 051 Symbol: DALBHARAT Subject: Earnings Release / Inve
Slide 2: Earnings Release Q3FY23 and 9MFY23
EARNINGS RELEASE Q3FY23 and 9MFY23
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Table of Contents
PA G E SECTION NO. 01. Key Highlights 4 02. Expansion & Capex Update 6 03. Q3 and 9M Performance 9 TA B L E O F CO N T E N T S 04. ESG at Dalmia 18 05. Awards and Accolades 21 06. Annexures 27 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Financial Performance ▪ Sales Volume increased by 11.5% YoY to 6.3MnT in Q3FY23 ▪ Revenue increased by 22.7% YoY and stood at Rs 3,355 cr ▪ EBITDA/T stood at Rs 1022/T ▪ Net Debt/EBITDA stood at 0.39x ESG ▪ Co2 emissions brought down further to 462kg/Ton of cement in Q3FY23 ▪ Water Po
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Cement Capacity Expansion Plan – 49 MnT by FY24
Cement Capacity Expansion Plan – 49* MnT by FY24 Region Plant Capacity Commissioning Closing Capacity FY22 35.9 +1.4 MnT NORTH EAST East Bokaro, JH 0.6 North East Adhunik, ML 0.2 H1FY23 East Rajgangpur, OR 0.3 Closing Capacity H1FY23 37.0 East Kapilas, OR 0.4 East Medinipur, WB 0.6 FY23 South Belgau
Slide 9: Clinker Capacity Expansion Plan
Clinker Capacity Expansion Plan FY22 Q2FY23 FY24E SOUTH 7.8 9.0 10.4 EAST 6.8 7.4 8.3 NORTH-EAST 2.3 2.4 2.9 WEST 2.0 2.1 2.1 TOTAL 18.9 20.9 23.7 (Figures in MnT) 8
Slide 10: Q3 & 9M Performance
SECTION 03 Q3 & 9M PERFORMANCE 9
Slide 11: Financial Performance – Sales Volume
Financial Performance Quarterly Sales Volume 9 Month Sales Volume (MnT) (MnT) Growth: 11.5% Growth: 17.1% Growth: 9.0% 6.3 5.8 18.3 5.7 15.6 Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 ➢ Industry Leading Volume Growth of 11.5% in Q3FY23 and 17.1% in 9MFY23 10
Slide 12: Financial Performance – Sales Revenue
Financial Performance Quarterly Sales Revenue 9 Month Sales Revenue (Rs Cr) Growth: 22.7% (Rs Cr) Growth: 21.8% Growth: 12.9% 3,355 9,628 2,971 7,906 2,734 Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 11
Slide 13: Operational Performance – Variable Cost
Operational Performance Quarterly Total Variable Cost* 9 Month Total Variable Cost* (Rs/T) Increase: 7.5% (Rs/T) Increase: 25.6% Decrease: 8.3% 2,228 2,330 2,137 1,987 1,774 Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 ➢ Moderation of fuel prices combined with efficiency measures has led to improvement in Var
Slide 14: Operational Performance – Logistics Cost
Operational Performance Quarterly Logistics Cost 9 Month Logistics Cost (Rs/T) (Rs/T) Increase: 4.7% Increase: 6.1% Increase: 8.1% 1,114 1,081 1,050 1,031 1,032 Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 ➢ Logistic Costs/T for Dalmia remains one of the Lowest in the Cement Industry 13
Slide 15: Operational Performance – Total Cost per Tonne
Operational Performance Total Cost /T 4,112 4,484 4,301 3,941 4,379 753 796 744 749 773 317 327 306 Others 325 361 1114 1081 Employee Costs 1031 1050 1032 Freight Charges Power & Fuel 1543 1529 1533 1185 1085 Raw Material Consumed (Inc)/Dec in stock 656 794 805 776 725 147 -7 -197 -36 -81 Q3FY22 Q2F
Slide 16: Financial Performance – EBITDA
Financial Performance Quarterly EBITDA 9 Month EBITDA (Rs Cr) (Rs Cr) Margins 15.0% 12.8% 19.2% 22.0% 16.7% Decline: 7.7% Increase: 57.5% Increase: 69.9% 1,743 644 1,609 409 379 Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 ➢ Margins improved due to stability of pricing and worst of commodity inflation behind
Slide 17: Financial Performance – Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.32x 0.39x (Rs Cr) 4049 3287 3151 2636 898 651 Sep'22 Dec'22 Gross Debt Cash & Cash Equivalents Net Debt 16 * Includes MTM value of IEX Investment (Q2FY23: Rs 1,891 cr ; Q3FY23: Rs 1863.cr )
Slide 18: Finance Cost
Finance Cost Q3FY23 68 (Rs Cr) Cost of Borrowing 7.5% Total Finance Cost Q3FY22 45 (Rs Cr) Cost of Borrowing 5.6% Total Finance Cost 17
Slide 19: ESG Update
SECTION 04 ESG UPDATE 18
Slide 20: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power (WHRS and Solar) 180 WHRS Solar 160 140 FY23 - WHRS Commercialization Total Renewable Power - MW 120 100 ▪ JanFY23 28 95 ▪ Rest of FY23 10 100 38 80 60 32 FY23 - Solar Commercialization 40 69 10 59 ▪ JanFY23 63 20 31 ▪ Rest of FY23 5 8 8 22 68 9 9 0
Slide 21: CSR at Dalmia
CSR at Dalmia Major Initiatives ▪ In 9MFY23, More than 3800 youth passed out from ▪ Dalmia Institute of Knowledge & Skill Harnessing DIKSHA & ITI centers out of which 90% are gainfully (DIKSHa), a skill training programme, actively employed involved in imparting placement based, short-term ▪ Memoran
Slide 22: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 21
Slide 23: DL Shah Quality Gold Award
DL Shah Quality Gold Award We are the first Cement Manufacturing Company to have bagged the title 'The DL Shah Quality Gold Award' for promoting green blended cement and green binders. This award is the most prestigious recognition from the Govt. of India. 22
Slide 24: NCB International Conference on Cement, Concrete & Building Material
NCB International Conference on Cement, Concrete & Building Material Belgaum Unit ❑ Best Award for Environmental Excellence in Integrated Cement Plants Dalmiapuram Unit ❑ Second Consolation prize for Environmental Excellence in Integrated Cement Plants Ariyalur Unit ❑ Second Consolation prize for En
Slide 25: FICCI Circular Economy Award 2022
FICCI Circular Economy Award 2022 Winner in the “Large Enterprise” category at the 3rd Edition Circular Economy Award 2022 at the Inaugural session of the FICCI Symposium 22022 24
Slide 26: Other Awards and Accolades
Other Awards and Accolades Institute of Supply Chain Quantic India CII Innovation Awards Green Maple Foundation Management Winner of “Best Supply Chain Belgaum Unit has been declared Bagged the prestigious title of Won Several Awards for Firm” Award in the Cement the winner of the CII 3R Awards “Bes
Slide 27: Safety of Our Workforce Continues to Gain Recognition
Safety of Our Workforce Continues to Gain Recognition International Fire and Security Mines Safety Week Observance National Safety Conclave Exhibition and Conference Kadapa Mine won for the 2nd Rajgangpur unit won Kalinga “Safety Kadapa unit wins IFSEC Excellence Award in Consecutive year at Mines S
Slide 28: Annexures
SECTION 06 ANNEXURES 27
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) Q3FY23 Q3FY22 With Restructuring Without Restructuring With Restructuring Without Restructuring Income from Operations 3,355 3,355 2,734 2,734 Less:-Operating Expenses 2,711 2,711 2,325 2,325 EBITDA 644 644 409 409 Add:- Othe
Slide 30: Thank You
CONTACT INFORMATION Thank You Corporate Office: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiacement.com