Ultratech Cement Limited · NSE:ULTRACEMCO

Ultratech Cement — Investor Presentation (February 2019)

62 slides from Ultratech Cement's investor presentation, Feb 11, 2019

  1. Slide 1: Exchange filing cover letter: Corporate Dossier

    11th February, 2019 BSE Limited The Manager Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers, The National Stock Exchange of India Limited Dalal Street, "Exchange Plaza", Bandra-Kurla Complex, Mumbai 400 001. Sandra (East), Mumbai 400 051. Tel.: 22721233/4 Tel. : 265982

  2. Slide 2: India's Largest Cement Company - Corporate Dossier

    INDIA'S LARGEST CEMENT COMPANY CORPORATE DOSSIER STOCK CODE: BSE: 532538 NSE: ULTRACEMCO REUTERS: UTCL.NS BLOOMBERG: UTCEM IS / UTCEM LX

  3. Slide 3: Contents

    CONTENTS ADITYA BIRLA OPERATIONAL INDIAN CEMENT ULTRATECH GROUP‐ AND FINANCIAL SECTOR LANDSCAPE OVERVIEW PERFORMANCE GLOSSARY Mnt ‐ Million Metric tons Lmt ‐ Lakhs Metric tons MTPA ‐ Million Tons Per Annum MW ‐ Mega Watts Q1 ‐ April‐June Q2 ‐ July – September Q3 ‐ October ‐ December Q4 ‐ January‐Mar

  4. Slide 4: Aditya Birla Group Overview

    ADITYA BIRLA __ Ultratech — ADITYA BIRLA GROUP OVERVIEW

  5. Slide 5: Aditya Birla Group - Overview

    ADITYA BIRLA GROUP - OVERVIEW  # 1 cement player in  A global metal India powerhouse  # 3 largest cement  # 1 in aluminum rolling player globally globally (ex ‐ China) PREMIUM GLOBAL CONGLOMERATE  # 1 in VSF globally US$ ~44.3 billion Corporation  # 5 largest producer of  # 1 in carbon black

  6. Slide 6: UltraTech Cement - India's Largest Cement Company

    ULTRATECH CEMENT INDIA’S LARGEST CEMENT COMPANY No. 1 RMC player in India’s Largest Cement India with Market Cap of FY18 Consolidated Selling Brand ~ 110 plants ~ US$ 14 Bn Revenue ~ US$ 4.9 Bn Different Products to provide complete No.1 Player of White Building Solutions Cement & Cement ~ 1,200 mil

  7. Slide 7: Our Vision and Mission

    OUR VISION AND MISSION Vision To be The Leader in Building Solutions Mission To deliver superior value to our stakeholders on the four pillars of Sustainability Customer Innovation Team Centricity Empowerment 6

  8. Slide 8: UltraTech's Journey

    ULTRATECH’S JOURNEY 105 mtpa 14x Current (Mkt Cap ~ US$14 bn) 7x  Acquired 29.8 mtpa capacity  # 3 global cement player by capacity (ex. China) Aug'04 Mar'07 Mar'10 Mar'13 Mar'16 Current 52 mtpa Mkt Cap – US$7bn UTCL Share Price Trend BSE Sensex Trend  Organic Capacity addition:15 mtpa 2019  Gro

  9. Slide 9: Governance

    GOVERNANCE Board of Directors Non‐Executive Chairman Independent Directors Executive Directors Mr. KM Birla Mr. GM Dave Mr. KK Maheshwari ‐ MD Mr. SB Mathur Mr. Atul Daga ‐ CFO Non‐Executive Directors Mr. Arun Adhikari Mr. K C Jhanwar – Dy MD Mrs. Rajashree Birla Mrs. Renuka Ramnath Mr. OP Puranmalk

  10. Slide 10: Management Team

    MANAGEMENT TEAM Mr. KK Maheshwari Mr. KC Jhanwar Mr. Atul Daga Mr. Vivek Agrawal Mr. Ramesh Mitragotri Managing Director Chief Manufacturing Executive Director & Chief Marketing Officer Chief Human Resource Officer & Dy. MD CFO Officer  He is a Fellow  A bachelor of Chartered Accountant  A Fellow

  11. Slide 11: Shareholding Pattern

    SHAREHOLDING PATTERN 1.6% 9.7% Promoter Group 7.6% Foreign Portfolio Investors As on Mutual Fund, Institutions 31st Dec, 2018 20.4% Other Public Holding 60.7% GDRs Key Foreign Portfolio Investors Key Domestic Mutual Fund & Institutional Investors Name Holding (%) Name Holding (%) Aberdeen 2.14 Life

  12. Slide 12: Indian Cement Sector

    ADITYA BIRLA Indian Cement Sector

  13. Slide 13: Indian Cement Industry Overview

    INDIAN CEMENT INDUSTRY OVERVIEW Second largest market Globally with installed capacity of ~ 472 mtpa after China ~3000 mtpa 2nd fastest‐growing cement market globally: Compounded Average Growth: ~7% (FY 2000 – FY2018) Market Composition* 32% North 22% 20% Central 13% 13% East West South North Centra

  14. Slide 14: Indian Cement Industry Overview (contd)

    INDIAN CEMENT INDUSTRY OVERVIEW (contd…) Per Capita Cement Consumption at PER CAPITA CEMENT COSNUMPTION (KG) 210 kg lowest among the developing countries; World average ~ 580 Kg 1780 China Turkey Consolidation in industry at regular intervals Vietnam 830 World 660 580 470 Russia Entry of new players

  15. Slide 15: GDP Growth vs Cement Demand Growth

    INDIAN CEMENT INDUSTRY GDP GROWTH V/S CEMENT DEMAND GROWTH Long‐term average cement demand growth: 1.2x of GDP +ve co‐relation (‐) ve co‐relation Industry reached to historical GDP multiple in FY18 post slowdown in last 3‐4 years Sustained cement consumption growth ~ 7% in last 17 years (2001 onward

  16. Slide 16: Demand-Supply Trend

    INDIAN CEMENT INDUSTRY DEMAND-SUPPLY TREND In MnT Incremental Supply ‐ 258 mnt > Demand ‐ 132 mnt S ‐ 52 mnt < D ‐ 87 mnt Industry capacity more than 165 513 doubled in last decade 497 478 130 145 461 417 428 402 376 383 363 354 34 310 328 296 328 Around 60 million tons capacity 276 269 272 214 230

  17. Slide 17: Sectoral Update - New Supplies

    SECTORAL UPDATE NEW SUPPLIES Industry to witness new capacity addition @ 15-17 mtpa All new supplies not fully integrated end to end Current capacity additions are backed by old limestone mining leases Demand growth @ 25-27 mnt > incremental supply Clinker capacity utilization for Industry > Cement

  18. Slide 18: Demand Growth Drivers

    DEMAND GROWTH DRIVERS  Strong demand from IT / ITES,  Rural demand rising with the historically ‐ like Chennai, improvement in rural economy Bangalore & Hyderabad  Government notified increase  Private sector Capex is slow in Minimum Support Price for Comm. & kharif and rabi crop Ind. Capex  2

  19. Slide 19: Sector Guidance

    SECTOR GUIDANCE  Demand expected to move above GDP  Government led spending will continue to be a key growth driver:  Government Housing Plan –  Housing for all: 20 ml Houses for urban areas and 40 ml in Rural areas  Pradhan Mantri Awas Yozana – Gramin : ~ 10 mln houses sanctioned till now  Sa

  20. Slide 20: UltraTech Landscape

    ADITYA BIRLA __ Ultratech — UltraTech Landscape

  21. Slide 21: UltraTech - A Snapshot

    ULTRATECH A SNAPSHOT Particulars UOM Current Growth Capacity  Consolidated capacity at 105.1* Mtpa Grey Cement (Incl. Overseas) Mtpa 105.1*  Proven Capabilities to Grow: Organically White Cement + Wall Care Putty Mtpa 1.5 51 Mtpa and Inorganically 54 Mtpa. RMC Mn. Cub. Mtr. 14.7 Captive Power Plan

  22. Slide 22: UltraTech - India Footprint

    ULTRATECH - INDIA FOOTPRINT  20 Integrated Units (IU)  21 Grinding Units (GU)  6 Bulk Packaging Terminals (Sea+Rail)  2 White Cement & Putty Units  5 Jetties  1 IU, 1 GU & 1 putty plant in‐Progress  3 IU and 1 GU under acquisition Zones Zonal Capacity (mtpa) UTCL Cap. UTCL UTCL UTCL Industry

  23. Slide 23: Operational and Financial Performance

    Operational and Financial Performance

  24. Slide 24: Sectoral Update Q3 FY19 - State-wise Performance

    SECTORAL UPDATE Q3 FY19 STATE-WISE PERFORMANCE Vol. State/Region I LCH RH UH C Key drivers Gr. Haryana NGT construction ban impacted demand Delhi + NCR Infrastructure and IHB Punjab Panchayat elections Himachal Pradesh Early onset of winter impacted demand Rajasthan Infrastructure and PMAY North Inf

  25. Slide 25: Sectoral Update Q3 FY19 - State-wise Performance

    SECTORAL UPDATE Q3 FY19 STATE WISE PERFORMANCE State / Region Vol. Gr. I LCH RH UH C Key Drivers West Bengal Infrastructure and PMAY Bihar Infrastructure and IHB Jharkhand Infrastructure and PMAY Odisha Infrastructure and Rural Chhattisgarh Impact of State elections East Infrastructure, IHB and PMAY

  26. Slide 26: Acquired Assets

    ACQUIRED ASSETS Completed integration of the 21.2 mtpa capacity acquired in 2017 Plants operational parameters Carried out major overhauling in one at par or better than UltraTech of the plant in Central Region - existing plants standard cost benefit to reflect from Q4 FY19 Synergies in logistics Pl

  27. Slide 27: UltraTech Updates - Binani Cement Acquisition

    ULTRATECH UPDATES Supreme court sanctioned resolution plan to acquire Binani Cement on 19th November’18 (Renamed : UltraTech Nathdwara Cement Limited – “UNCL” w.e.f. 13th December’18) Acquisition completed on 20th November’18 UNCL’s Capital Structure Rs. Crores Equity infusion by UltraTech from inte

  28. Slide 28: UltraTech Updates - UNCL Integration

    ULTRATECH UPDATES Key steps taken for the integration of UltraTech Nathdwara (“UNCL”) Undertook initial Optimized raw Kick started the Gradually equipment material mix to integration of started using upgradation and emulate UltraTech UNCL’s dealers pet coke improvement Cement’s quality with the meas

  29. Slide 29: Sales Performance (Standalone)

    SALES PERFORMANCE (STANDALONE) Mnt Q3 9M Particulars CY LY % CY LY % Capacity (mtpa) 88.5 85.0 4 88.5 85.0 4 Domestic sales 17.1 15.1 14 49.1 40.1 22 Exports and others 0.8 0.7 13 2.2 2.1 5 Total 18.0 15.9 14 51.2 42.2 21 Consistently growing faster than industry average 28

  30. Slide 30: Logistics Cost Trends

    LOGISTICS COST TRENDS (GREY CEMENT) Logistics Cost (Rs/t) Q-o-Q cost increased~ 1% 1169 Applicability Effective diesel Benefits from 1155 of 15% busy consumption relaxation of axle season prices higher load norms 1127 surcharge of the (~ 2% of road ~ 3% Indian Railways (Impact: ~ freight) and amount

  31. Slide 31: Energy Cost Trends

    ENERGY COST TRENDS (GREY CEMENT) Energy Cost (Rs/t) Q-o-Q costs almost flat Impact of Rupee Reduction in Improved thermal Usage of high 1099 1105 depreciation power cost pet coke power plant inventory ~ 2% ~3%)consumption (Impact: efficiencies 949 ~ 3% ~1% Q3 18 Q2 19 Q3 19 Y-o-Y cost increased 16%

  32. Slide 32: Raw Material Cost Trends

    RAW MATERIAL COST TRENDS (GREY CEMENT) Raw Materials Cost (Rs/t) Q-o-Q costs declined 3% 503 Gain from launch of Optimised Raw Composite Cement material sourcing 491 476 Y-o-Y costs increased 3% Additional limestone Raw mix optimization Q3 18 Q2 19 Q3 19 royalty impact ~3% supported to mitigate the

  33. Slide 33: Other Cost Trends

    OTHER COST TRENDS (BLEDNED) Other Costs (Rs/t) Q-o-Q costs almost flat One-time exceptional Annual maintenance 672 673 plant improvement costs costs for 11 clinker lines (~ 3%) (Rs. 80/t v/s Rs. 100/t in 653 Q2 FY19) Q3 18 Q2 19 Q3 19 Cost increase offset by higher overheads absorption on increased

  34. Slide 34: Income Statement (Standalone)

    INCOME STATEMENT (STANDALONE) ` crs Q3 9M CY LY Particulars CY LY % % 8685 7352 18 Revenues (net of taxes) 24771 20180 23 124 156 (20) Other Income 331 489 (32) 1515 1425 6 EBITDA 4638 4669 (1) 17% 19% (2) Margin (%) 19% 23% (4) 370 347 (7) Finance costs 1048 852 (23) 511 474 (8) Depreciation 1511

  35. Slide 35: Income Statement (Consolidated)

    INCOME STATEMENT (CONSOLIDATED) ` crs Q3 9M Particulars CY LY % CY LY % 9258 7779 19 Revenues (net of taxes) 26088 21374 22 103 156 (34) Other Income 311 477 (35) 1548 1494 4 EBITDA 4758 4842 (2) 17% 19% (2) Margin (%) 18% 23% (4) 415 359 (16) Finance costs 1118 888 (26) 557 496 (12) Depreciation

  36. Slide 36: Financial Position

    FINANCIAL POSITION ` crs Consolidated Standalone Particulars 31.12.18* 31.03.18 31.12.18 31.03.18 27694 26397 Shareholder’s funds 27026 25923 24421 19480 Loans 19196 17420 3395 3173 Deferred tax liabilities 3394 3174 55511 49051 Sources of funds 49615 46517 46693 42296 Fixed assets 40282 40782 3030

  37. Slide 37: Free Cash Flow 9MFY19 (Standalone)

    FREE CASH FLOW 9MFY19 (STANDALONE) ` crs Particulars Standalone Operating Cash Profit (Net of Tax) 4067 Change in Working Capital (1533) Cash Flow from Operations (I) 2534 Capex for Maintenance & Expansion (II) (1014)* Dividend Paid (III) (348) Cash Surplus (I+II+III) 1173 * Excl. Investment in UNCL

  38. Slide 38: Financial Indicators

    FINANCIAL INDICATORS Consolidated Standalone Indicators 31.12.18 31.03.18 31.12.18 31.03.18 0.80 0.53 Net Debt: Equity 0.63 0.46 3.48 2.09 Net Debt / EBITDA 2.76 1.85 2.9 4.0 Interest Cover 3.0 4.0 8.2% 9.7% ROCE 8.7% 9.9% 1007 961 Book Value (Rs/Share) 984 944 51.1 80.9 EPS (Rs) 52.4 81.3 37

  39. Slide 39: Historical Performance Trend

    Historical Performance Trend

  40. Slide 40: EBITDA: Rs per Ton (India)

    EBITDA: ` PER TON (INDIA) 1308 125 1156 1122 1036 128 1051* 992 132 979 971 81 98 906 906 81 1183 57 42 842 833* 1028 85 65 990 970 911 939 32 922 929 69 821 841 801 773 FY15 FY16 FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 FY18 Q1FY19 Q2FY19 Q3FY19 9MFY19 Operating Profit Other Income Total EBITDA * Excl. imp

  41. Slide 41: Key Performance Trends (Consolidated)

    KEY PERFORMANCE TRENDS (CONSOLIDATED) Cement production (Million tons) Grey Cement sales volume (Million tons) 63.28 60.79 53.27 50.57 51.00 51.01 51.33 52.40 48.18 46.71 44.66 43.60 43.63 42.59 FY 13 FY 14 FY 15 FY 16 FY17 FY18 9MFY19 FY 13 FY 14 FY 15 FY 16 FY17 FY18 9MFY19 40

  42. Slide 42: Key Performance Trends (Consolidated)

    KEY PERFORMANCE TRENDS (CONSOLIDATED) Revenue * (` Cr) EBIDTA * (` Cr) 6729 30793 26088 5861 24880 25092 24056 5365 21161 5143 21443 4776 4758 4358 FY 13 FY 14 FY 15 FY 16 FY17 FY18 9M 19 FY 13 FY 14 FY 15 FY 16 FY17 FY18 9M 19 *Note: Figures of FY15 & prior are reported nos. as per previous Indian

  43. Slide 43: Grey Cement Costs Trends - Energy

    GREY CEMENT COSTS TRENDS (STANDALONE) Energy Cost (` / Mt) Comparative Cost (Trend TPP / WHRS ) 1077 TPP Rate WHRS Rate 989 979 951 938 824 763 FY 13 FY 14 FY 15 FY16 FY17 FY18 9M 19 FY 13 FY 14 FY 15 FY16 FY17 FY18 9M 19 Fuel Mix FY13 FY14 FY15 FY16 FY17 FY18 9M 19 Power Mix FY13 FY14 FY15 FY16 FY1

  44. Slide 44: Grey Cement Costs Trends - Raw Materials and Logistics

    GREY CEMENT COSTS TRENDS (STANDALONE) Raw Materials Cost (` / Mt) Logistics Cost (` / Mt) 1175 498 1124 1099 464 467 473 1074 1075 444 419 976 399 925 FY 13 FY 14 FY 15 FY 16 FY17 FY18 9M 19 FY 13 FY 14 FY 15 FY16 FY17 FY18 9M 19 Mix FY13 FY14 FY15 FY 16 FY17 FY18 9M 19 Rail 34% 34% 29% 28% 25% 24%

  45. Slide 45: Aditya Birla - Building India's Pride

    ADITYA BIRLA BUILDING INDIA'S PRIDE

  46. Slide 46: Quarterly Performance Trends (Standalone)

    QUARTERLY PERFORMANCE TRENDS (STANDALONE) ` crs Particulars Q3FY19* Q2FY19 Q1FY19 Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 Capacity (MTPA) 88.5 88.5 88.5 85.0 85.0 85.0 85.0 66.3 Grey Sales Volume (MnT) 17.62 15.43 17.17 18.07 15.52 12.84 12.90 13.69 Net Sales 8685 7732 8476 8881 7471 6478 6533 6500 Reali

  47. Slide 47: Quarterly Performance Trends (Standalone) contd

    QUARTERLY PERFORMANCE TRENDS (STANDALONE) CONTD… ` crs Particulars Dec’18 Sep’18 Jun’18 Mar’18 Dec’17 Sep’17 Jun’17 Mar’17 Dec’16 FINANCIAL POSITION Net Fixed Assets incl. CWIP 40282 40529 40628 40782 40705 40531 40550 24387 24397 NWC + Derivative Assets 1181 1141 226 (428) 3 268 (709) (840) (481) S

  48. Slide 48: Quarterly Performance Trends (Consolidated)

    QUARTERLY PERFORMANCE TRENDS (CONSOLIDATED) ` crs Particulars Q3FY19* Q2FY19 Q1FY19 Q4FY18 Q3FY18 Q2FY18 Q1FY18 Q4FY17 Capacity (MTPA) 101.1 92.5 92.5 89.0 89.0 89.0 89.0 70.3 Grey Sales Volume (MnT) 19.02 16.24 18.01 19.05 16.56 13.72 13.95 14.73 Net Sales 9258 8111 8841 9298 7897 6840 6938 6922 Re

  49. Slide 49: Quarterly Performance Trends (Consolidated) contd

    QUARTERLY PERFORMANCE TRENDS (CONSOLIDATED) CONTD… ` crs Particulars Dec’18* Sep’18 Jun’18 Mar’18 Dec’17 Sep’17 Jun’17 Mar’17 Dec’16 FINANCIAL POSITION Net Fixed Assets incl. 46693 42160 42195 42296 42298 42172 42178 26039 26129 CWIP NWC + Derivative Assets 3379 1962 1041 265 700 924 (8) (188) 216 S

  50. Slide 50: Historical Performance Trends (Standalone)

    HISTORICAL PERFORMANCE TRENDS (STANDALONE) ` crs Particulars FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 Capacity (MTPA) 85.0 66.3 64.7 60.2 54.0 50.9 48.8 48.8 23.0 22.0 Grey Cement Volume (MnT) 59.3 48.9 48.0 44.8 41.5 40.7 40.7 34.8 20.2 18.2 Net Sales 29363 23616 23440 22648 20078 20023 18

  51. Slide 51: Historical Performance Trends (Standalone) contd

    HISTORICAL PERFORMANCE TRENDS (STANDALONE) CONTD… ` crs Particulars Mar’18 Mar’17 Mar’16 Mar’15 Mar’14 Mar’13 Mar’12 Mar’11 Mar’10 Mar’09 FINANCIAL POSITION Net Fixed Assets incl. CWIP 40782 24387 24499 23632 18650 17415 14798 12506 5201 5313 NWC + Derivative Assets (428) (840) 21 223 551 25 164 305

  52. Slide 52: Free Cash Flow Statement (Standalone)

    FREE CASH FLOW STATEMENT STANDALONE ` crs Particulars FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 Operating Cash Profit (Net of Tax) 5684 4890 4279 4427 3497 4266 3797 2311 1705 1601 Change in Working Capital (608) 289 914 236 21 (229) (143) (118) (87) (87) Cash Flow from Operations (I) 5076 5

  53. Slide 53: Historical Performance Trends (Consolidated)

    HISTORICAL PERFORMANCE TRENDS (CONSOLIDATED) ` crs Particulars FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 Capacity (MTPA) 89.0 70.3 67.7 63.2 57.0 53.9 52.8 52.8 23.0 22.0 Grey Cement Volume (MnT) 63.3 52.4 51.3 48.2 44.7 43.6 44.0 36.9 20.3 18.5 Net Sales 30973 25092 24880 24056 21443 21161

  54. Slide 54: Historical Performance Trends (Consolidated) contd

    HISTORICAL PERFORMANCE TRENDS (CONSOLIDATED) CONTD… ` crs Particulars Mar’18 Mar’17 Mar’16 Mar’15 Mar’14 Mar’13 Mar’12 Mar’11 Mar’10 Mar’09 FINANCIAL POSITION Net Fixed Assets incl. CWIP 42296 26039 26127 25186 20090 18733 15999 13505 5218 5334 NWC + Derivative Assets 265 (188) 667 780 902 376 420 4

  55. Slide 55: Income Statement (Standalone) US$ Mn

    INCOME STATEMENT (STANDALONE) US$ Mn Q3 9M CY LY Particulars CY LY % % 1205 1020 18 Revenues (net of taxes) 3437 2800 23 17 22 (20) Other Income 46 68 (32) 210 198 6 EBITDA 643 648 (1) 17% 19% (2) Margin (%) 19% 23% (4) 51 48 (7) Finance costs 145 118 (23) 71 66 (8) Depreciation 210 178 (18) 88 84

  56. Slide 56: Income Statement (Consolidated) US$ Mn

    INCOME STATEMENT (CONSOLIDATED) US$ Mn Q3 9M Particulars CY LY % CY LY % 1284 1079 19 Revenues (net of taxes) 3619 2965 22 14 22 (34) Other Income 43 66 (35) 215 207 4 EBITDA 660 672 (2) 17% 19% (2) Margin (%) 18% 23% (4) 58 50 (16) Finance costs 155 123 (26) 77 69 (12) Depreciation 222 191 (16) 8

  57. Slide 57: Financial Position US$ Mn

    FINANCIAL POSITION US$ Mn Consolidated Standalone Particulars 31.12.18 31.03.18 31.12.18 31.03.18 3842 3662 Shareholder’s funds 3749 3596 3388 2703 Loans 2663 2417 471 440 Deferred tax liabilities 471 440 7701 6805 Sources of funds 6883 6453 6478 5868 Fixed assets 5589 5658 420 144 Goodwill - - 334

  58. Slide 58: Historical Performance Trends (Standalone) US$ Mn

    HISTORICAL PERFORMANCE TRENDS (STANDALONE) US$ Mn Particulars FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 Capacity (MTPA) 85.0 66.3 64.7 60.2 54.0 50.9 48.8 48.8 23.0 22.0 Grey Cement Volume (MnT) 59.3 48.9 48.0 44.8 41.5 40.7 40.7 34.8 20.2 18.2 Net Sales 4074 3276 3252 3142 2785 2778 2519 18

  59. Slide 59: Historical Performance Trends (Standalone) contd US$ Mn

    HISTORICAL PERFORMANCE TRENDS (STANDALONE) CONTD… US$ Mn Particulars Mar’18 Mar’17 Mar’16 Mar’15 Mar’14 Mar’13 Mar’12 Mar’11 Mar’10 Mar’09 FINANCIAL POSITION Net Fixed Assets incl. CWIP 5658 3383 3399 3279 2587 2416 2053 1735 722 737 NWC + Derivative Assets (59) (117) 3 31 76 3 23 42 24 17 Sharehold

  60. Slide 60: Historical Performance Trends (Consolidated) US$ Mn

    HISTORICAL PERFORMANCE TRENDS (CONSOLIDATED) US$ Mn Particulars FY18 FY17 FY16 FY15 FY14 FY13 FY12 FY11 FY10 FY09 Capacity (MTPA) 89.0 70.3 67.7 63.2 57.0 53.9 52.8 52.8 23.0 22.0 Grey Cement Volume (MnT) 63.3 52.4 51.3 48.2 44.7 43.6 44.0 36.9 20.3 18.5 Net Sales 4297 3481 3452 3337 2975 2936 2647

  61. Slide 61: Historical Performance Trends (Consolidated) contd US$ Mn

    HISTORICAL PERFORMANCE TRENDS (CONSOLIDATED) CONTD… US$ Mn Particulars Mar’18 Mar’17 Mar’16 Mar’15 Mar’14 Mar’13 Mar’12 Mar’11 Mar’10 Mar’09 FINANCIAL POSITION Net Fixed Assets incl. CWIP 5868 3612 3625 3494 2787 2599 2220 1874 724 740 NWC + Derivative Assets 37 (26) 93 108 125 52 58 68 29 19 Shareh

  62. Slide 62: Disclaimer

    Disclaimer Statements in this “Presentation” describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Impor

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