Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q4 FY24 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Apr 24, 2024
Slide 1: Earnings Release cover letter to stock exchanges
1010/02 April 24, 2024 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 Presentati
Slide 2: Earnings Release Q4FY24 and FY24
EARNINGS RELEASE Q4FY24 and FY24
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. Q4 and FY24 Performance 9 TA B L E O F CO N T E N T S 04. ESG at Dalmia 19 05. Awards and Accolades 22 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Performance ▪ Industry leading volume growth of 18.5% YoY to 8.8 MnT in the quarter and 11.8% YoY to 28.8 MnT in FY24 ▪ Revenue rose 10% YoY in the quarter to Rs 4,307 Cr and 8.4% YoY in FY24 to Rs 14,691 Cr ▪ EBITDA decline 7.8% YoY in the quarter to 654 Cr but increased 13.4% YoY in
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Organic Cement Capacity Expansion Plan – 49.5 MnT
Organic Cement Capacity Expansion Plan – 49.5 MnT Region Plant Capacity Closing Capacity FY22 35.9 East Bokaro, JH 0.6 North East Adhunik, ML 0.2 East Rajgangpur, OR 0.3 +0.5 MnT East Kapilas, OR 0.3 EAST North East Calcom, AS 1.3 East Bokaro Line 2, JH 2.5 East Medinipur, WB 0.6 South Sattur, TN 2.
Slide 9: Announced Clinker Capacity Expansion Plan
Announced Clinker Capacity Expansion Plan Figures in MnT South East North East West Total FY24 10.1 7.7 2.7 2.1 22.6 FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 Note: Capacity is excluding the acquisition of clinker assets of Jaiprakash Associates 8
Slide 10: Q4 & FY24 Performance
SECTION 03 Q4 & FY24 PERFORMANCE 9
Slide 11: Financial Performance: Sales Volume
Financial Performance Quarterly Sales Volume Yearly Sales Volume (MnT) (MnT) Growth: 18.5% Growth: 11.8% Growth: 29.3% 28.8 8.8 25.7 7.4 6.8 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 ➢ Industry-leading volume growth at 18.5% in Q4FY24 10
Slide 12: Financial Performance: Revenue
Financial Performance Quarterly Revenue Yearly Revenue (Rs Cr) Growth: 10.0% (Rs Cr) Growth: 8.4% Growth: 19.5% 4,307 14,691 13,552 3,915 3,604 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 11
Slide 13: Operational Performance: Raw Material Cost
Operational Performance Quarterly Cost of Raw Material Consumed^ Yearly Cost of Raw Material Consumed^ (Rs/T) (Rs/T) Increase: 4.2% Increase: 3.8% Decrease: 1.2% 781 771 776 747 740 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 ^ Basis Cement Production (not sales volume) 12
Slide 14: Operational Performance: Power & Fuel Cost
Operational Performance Quarterly Power & Fuel Cost^ Yearly Power & Fuel Cost ^ (Rs/T) Decrease: 20.5% (Rs/T) Decrease: 21.0% Decrease: 7.6% 1,437 1,281 1,102 1,018 1,135 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 ➢ Fuel consumption cost declined from $162/T in Q4 FY23 to $114/T to Q4 FY24 ^ Basis Cement Produc
Slide 15: Operational Performance: Logistics Cost
Operational Performance Quarterly Logistics Cost Yearly Logistics Cost (Rs/T) (Rs/T) Increase: 2.3% Increase: 4.7% Increase: 6.2% 1,113 1,088 1,158 1,106 1,091 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 ➢ Logistics cost increased due to higher movement of clinker in plants 14
Slide 16: Operational Performance: Total Cost per Tonne
Operational Performance Total Cost /T 4,311 4,146 4,148 4,359 4,188 768 773 747 753 750 Others 257 299 324 229 303 Employee Costs 1106 1088 Freight Charges 1091 1158 1113 Power & Fuel Raw Material Consumed 1172 1066 897 1429 1083 (Inc)/Dec in stock 778 955 939 760 934 231 -21 155 9 5 Q4FY23 Q3FY24 Q
Slide 17: Financial Performance: EBITDA
Financial Performance Quarterly EBITDA Yearly EBITDA (Rs Cr) (Rs Cr) Margins 18.1% 21.6% 15.2% 17.2% 18.0% Increase: 13.4% Decrease : 7.8% Decrease : 16.0% 2,639 779 710 2,328 654 Q4FY23 Q3FY24 Q4FY24 FY23 FY24 ➢ EBITDA Impacted primarily due to decline in cement prices 16
Slide 18: Financial Performance: Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.16x 0.18x (Rs Cr) Dec’23 Mar’24 * Includes MTM value of IEX Investment (Q3FY24: Rs 2,236 Cr Q4FY24: Rs 1,788 Cr) 17
Slide 19: Finance Cost
Finance Cost Q4FY24 94 (Rs Cr) Cost of Borrowing 8.3% Total Finance Cost Q4FY23 64 (Rs Cr) Cost of Borrowing 8.0% Total Finance Cost 18
Slide 20: ESG Update
SECTION 04 ESG UPDATE 19
Slide 21: WHRS and Solar Power Update
WHRS and Solar Power Update Renewable Energy Power 11x WHRS Solar 185 Total Renewable Power - MW 166 113 100 63 32 32 17 17 66 72 10 8 8 31 9 9 22 - - - - - FY19 FY20 FY21 FY22 FY23 FY24 20
Slide 22: CSR at Dalmia Bharat
CSR at Dalmia Bharat Activities at CSR Climate Action : 1 lakh + trees were Social Infrastructure : In Rajgangpur, Livelihood: 7 new DIKSHA centers planted across Ariyalur, Dalmiapuram, under Project DRUSHTI, 32,201 spanning across seven states were Cuttack and other locations to enhance individuals
Slide 23: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 22
Slide 24: Key Awards
Key Awards CII Industrial Safety Excellence Award The GEEF Global Safety Award 2024 Award for Exemplary Climate 2023! Resilience Platinum Category for outstanding Gold Award in the Industrial Safety contributions to safety within the Cement Climate Action Program (CAP 2.0) Excellence Category Indust
Slide 25: Quality Circle Forum of India (QCFI) Award
Quality Circle Forum of India (QCFI) Award Rohtas Unit Chandrapur Unit Meghalaya Unit Ariyalur Unit ❑ AFR Excellence ❑ Renewable Energy & Waste ❑ AFR Excellence ❑ Energy Excellence. ❑ Energy Excellence Heat Recovery Excellence ❑ Renewable Energy & ❑ Environmental Waste Heat Recovery ❑ Productivity E
Slide 26: Quality Circle Forum of India (QCFI) Award
Quality Circle Forum of India (QCFI) Award Dalmiapuram Unit Belgaum Unit ❑ AFR Excellence ❑ AFR Excellence ❑ Energy Excellence ❑ Energy Excellence ❑ Environmental Excellence ❑ Environment Excellence ❑ Renewable Power Excellence ❑ Renewal energy and Waste Heat Recovery Excellence ❑ Health and Safety
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 FY24 Raw Material 768 785 781 771 776 Power & Fuel 1,293 1,140 1,102 1,018 1,135 (Rs/T) FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 FY23 Raw Material 704 767 781 740 747 Power & Fuel 1,527 1,536 1,427 1,281 1,437
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) FY24 FY23 With Restructuring Without Restructuring With Restructuring Without Restructuring Income from Operations 14,691 14,691 13,552 13,552 Less:-Operating Expenses 12,052 12,052 11,224 11,224 EBITDA 2,639 2,639 2,328 2,32
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