Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q3 FY25 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Jan 21, 2025
Slide 1: Exchange filing cover letter: Earnings Release Q3 FY25
1010/02 January 21, 2025 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 / Investor Presenta
Slide 2: Earnings Release Q3 & 9M FY25
EARNINGS RELEASE Q3 & 9M FY25
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 7 03. Q3 & 9MFY25 Performance 10 TA B L E O F CO N T E N T S 04. ESG & Others 20 05. Awards and Accolades 24 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Quarterly Performance ▪ Sales volume declined 2% YoY to 6.7 MnT ▪ EBITDA stood at Rs 511 Cr and Rs 765/T ▪ Net Debt/EBITDA stood at 0.55x ▪ CO2 emissions stood at 460 kg/Ton of cement1 Capacity ▪ Increased Clinker capacity by 0.6 MnT at Rajgangpur and 0.3 MnT at Kadapa through debottl
Slide 7: Shuttle by Dalmia Bharat
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Slide 8: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 7
Slide 9: Organic Cement Capacity Expansion Plan – 49.5 MnT
Organic Cement Capacity Expansion Plan – 49.5 MnT Region Plant Capacity Closing Capacity FY23 38.6 East Bokaro Line 2, JH 2.5 +0.5 MnT East Medinipur, WB 0.6 EAST South Sattur, TN 2.0 South Belgaum, KA 0.9 +2.4 MnT South Ariyalur, TN 1.0 NORTH EAST South Kadapa, AP 1.0 Closing Capacity as on date 46
Slide 10: Announced Clinker Capacity Expansion Plan
Announced Clinker Capacity Expansion Plan Figures in MnT South East North East West Total Q3FY25 10.4 8.3 2.7 2.1 23.5 FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 9
Slide 11: Q3 & 9MFY25 Performance
SECTION 03 Q3 & 9MFY25 PERFORMANCE 10
Slide 12: Operational Performance
Operational Performance Quarterly Sales Volume 9 Month Sales Volume (MnT) Decline: 2.0% (MnT) Growth: 4.1% Flat 20.8 20.0 6.8 6.7 6.7 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 11
Slide 13: Financial Performance
Financial Performance Quarterly Revenue 9 Month Sales Revenue Decline: 11.7% (Rs Cr) (Rs Cr) Decline: 4.8% Growth: 3.0% 3,604 10,384 9,889 3,181 3,087 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ➢ Revenue declined 12% YoY in Q3FY25 mainly due to sharp decline in cement prices 12
Slide 14: Financial Performance
Financial Performance Quarterly Cost of Raw Material Consumed^ 9 Month Cost of Raw Material Consumed^ (Rs/T) (Rs/T) Decrease: 2.4% Decrease: 2.0% Decrease: 3.0% 778 760 789 781 765 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ^ Basis Cement Production (not sales volume) 13
Slide 15: Financial Performance
Financial Performance Quarterly Power & Fuel Cost^ 9 Month Power & Fuel Cost^ (Rs/T) Decrease: 8.8% (Rs/T) Decrease: 14.7% Decrease: 0.6% 1,181 1,102 1,012 1,005 1,008 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ➢ Fuel consumption cost declined from $122/T in Q3 FY24 ($101/T in Q2 FY25) to $96/T in Q3 FY25 ➢
Slide 16: Financial Performance
Financial Performance Quarterly Logistics Cost 9 Month Logistics Cost (Rs/T) (Rs/T) Increase: 2.7% Increase: 1.8% Increase: 1.7% 1,120 1,113 1,102 1,093 1,091 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ➢ Logistics costs increased on YoY basis primarily due to servicing of cement to Central markets from East
Slide 17: Financial Performance
Financial Performance 4,146 3,971 3,998 4,205 3,981 Total Cost /T 747 749 817 780 769 324 335 Others 328 334 322 Employee Costs 1091 1093 Freight Charges 1102 1113 1120 Power & Fuel Purchase of stock in trade 1066 1165 Raw Material Consumed 1058 997 1025 (Inc)/Dec in stock 205 0 177 51 0 Total 790 7
Slide 18: Financial Performance
Financial Performance Quarterly EBITDA 9 Month EBITDA (Rs Cr) Margins 21.6% 14.1% 16.1% 19.1% 16.3% Decrease : 34.5% Decrease: 18.7% Increase : 17.6% 779 1,985 1,614 511 434 Q3FY24 Q2FY25 Q3FY25 9MFY24 9MFY25 ➢ EBITDA declined on a YoY basis primarily due to softness in cement prices, partially offs
Slide 19: Financial Performance
Financial Performance Debt Position Net Debt / EBITDA 0.25x 0.55x (Rs Cr) Sep’24 Dec’24 * Includes MTM value of IEX Investment (Q2FY25: Rs 2,719 Cr ; Q3FY25: Rs 2,419 Cr) 18
Slide 20: Finance Cost
Finance Cost Q3 FY25 (Rs Cr) Cost of Borrowing : 7.8% Q3 FY24 (Rs Cr) Cost of Borrowing : 8.3% 19
Slide 21: ESG & Others
SECTION 04 ESG & OTHERS 20
Slide 22: Renewable Power Update
Renewable Power Update Renewable Power Capacity 15x 252 Total Renewable Power - MW Group Captive Solar WHRS 46 185 166 134 113 100 63 32 32 17 17 66 72 72 10 8 8 22 31 9 9 FY19 FY20 FY21 FY22 FY23 FY24 Q3FY25 ➢ During Q3FY25, DCBL has signed Group Captive RE Power Agreements totaling 21 MW of RE Cap
Slide 23: CSR at Dalmia Bharat
CSR at Dalmia Bharat Activities at CSR Climate Action : A 20m-wide check Social Infrastructure : Health camps in Livelihood: In Ariyalur, Dalmiapuram, dam was constructed in Kallakudi, six locations served 940 beneficiaries, and Kadapa, 1256 farmers were provided Dalmiapuram, to support nearby farme
Slide 24: Shuttle by Dalmia Bharat, dedicated to the nation
‘Shuttle by Dalmia Bharat’, dedicated to the nation "Shuttle by Dalmia Bharat" is a High-Performance Centre in Odisha, dedicated for excellence in badminton. This architectural marvel, inspired by the design of a shuttlecock, is the first of its kind globally. Designed and constructed by us, the fac
Slide 25: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 24
Slide 26: Sustainability Awards
Sustainability Awards National Energy Conservation Award by Tamil Nadu Best Employer Brand Award ISEI Safety Award Bureau of Energy Efficiency 2024 by HRD Congress 1. Excellence in Safety, Health & Environment – Corporate 1st Prize in energy conservation - Tamil Nadu Best Employer Brand Award 2. Exc
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) Particulars Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Cost of Raw Material Consumed 768 785 781 771 779 789 765 Power & Fuel 1,293 1,140 1,102 1,018 1,003 1,012 1,005 27
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) Q3 FY25 Q3 FY24 With Without With Without Restructuring Restructuring Restructuring Restructuring Income from Operations 3,181 3,181 3,604 3,604 Less:-Operating Expenses 2,670 2,670 2,825 2,825 EBITDA 511 511 779 779 Add:- Ot
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