Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q4 FY2023 Earnings Presentation
28 slides from Nuvoco Vistas's earnings presentation, May 9, 2023
Slide 1: Exchange intimation letter for investor presentation
~ ® NUVOCO VISTAS CORP. LTD. N Uv OCO Shaping a new woTld ~ Ref. No.: Sec/19/2023-24 May 9, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers , Exchange Plaza, C-1 , Block G, Dalal Street, Fort, Mumbai - 400 001 Bandra Kurla Complex, Bandra (East) , Scrip Code: 5433
Slide 2: Investor Presentation: Fourth quarter and full year ended March 31, 2023
Investor Presentation Fourth quarter and full year ended March 31, 2023 May 09, 2023 1
Slide 3: Safe harbour clause
Safe harbour clause Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements”. Actual results could differ materially from those expressed or implied. Important factors that could make difference to the Company’s
Slide 4: Company Overview
01 Company Overview 3
Slide 5: Nuvoco – A major player in building materials space
Nuvoco – A major player in building materials space ✓ 5th largest cement group in India ✓ Market leading brands with significant and leading player in East India market share, reputation and brand recall ✓ Installed cement capacity of 23.8 ✓ Focused on retail with major revenue MMTPA and 50+ ready-m
Slide 6: Nuvoco's Prime thrust areas
Nuvoco’s Prime thrust areas Products Diverse range of premium products portfolio under Cement, RMX & MBM Business People Best policies & tools for people to constantly Upskilling OF the PEOPLE Tools FOR the PEOPLE Awards BY the people work effortlessly & upskill their knowledge Nuvoco University* SA
Slide 7: Performance snapshot for the quarter
Performance snapshot for the quarter Premium products account Net debt at Rs. 4414 crores for 37% of trade sales (Reduction of Rs. 751 crores volumes from Dec’22 level) More than one-fifth of the Alternate Fuel (TSR) exit at total power consumption is 12% through clean energy sources C/k ratio at 1.
Slide 8: Sustained brand engagement
Sustained brand engagement Nuvoco association with annual budget Deeper connect with consumers through… Engagement films ➢ The campaign’s series of digital films showcase the unique selling points (USPs) of Duraguard products. ➢ 10 million + views collectively across various platforms. Radio Partner
Slide 9: Maintaining phygital connect with stakeholders
Maintaining phygital connect with stakeholders Focused group interactions Connecting Digitally Tech Express providing on-site services 8
Slide 10: Economy & Industry
02 Economy & Industry 9
Slide 11: Macro indicators creating buoyant outlook for sector
Macro indicators creating buoyant outlook for sector FY24 GDP is projected Manufacturing PMI Annual consumer Imported pet coke at around 6-7% led by showcasing positive inflation in India prices moderated to private consumption trend on the back of eased to 5.7% in US$150-160/t in Q4 and public inve
Slide 12: Robust demand drivers
Robust demand drivers HOUSING INFRASTRUCTURE ➢ High net disposable income owing to rise in per capita ➢ Capital expenditure budget of Rs.10 lakh crore for FY24, income & introduction of new tax slab. clocking in to 3.3 percent of the country’s GDP. ➢ PMAY funds utilization trending above 90% as on ➢
Slide 13: Business update
03 Business update 12
Slide 14: Growth projects advancing well
Growth projects advancing well 1.2 MTPA cement capacity expansion at Bhiwani Railway siding project at Jajpur & Sonadih Civil and fabrication advancement is on mark; all major Track Laying activity commenced outside plant boundary orders have been released and deliveries are on track. area, Jajpur C
Slide 15: Debottlenecking & Sustainability projects
Debottlenecking & Sustainability projects Debottlenecking projects ▪ Clinker capacity enhancement project through debottlenecking at Nimbol and Risda. ▪ Projects to improve clinker availability in North and East. Roller press commissioning at Nimbol in Q1 FY24 Sustainability projects ▪ Alternate fue
Slide 16: RMX and MBM businesses on a growth trajectory
RMX and MBM businesses on a growth trajectory Ready-Mix Concrete (RMX) ▪ Focus on ramping up number of RMX plants with back-to-back commissioning of Guwahati# & Coimbatore plants. ▪ RMX segment is showing good demand momentum as revenue increased by more than 20% in FY23. Modern Building Materials (
Slide 17: Awards & recognitions showcasing our achievements
Awards & recognitions showcasing our achievements Sonadih Limestone Mines has Concreto Cement has been RMX team won the been awarded a 5-star rating by awarded the prestigious Big “Customer Service the Indian Bureau of Mines, for Impact Awards 2023 for Big Excellence Award” at the its outstanding pe
Slide 18: Sustainability & CSR
Aa. NUVoco Shaping a new world 04 Sustainability & CSR
Slide 19: Sustainability – a key thrust area
Sustainability – a key thrust area Nuvoco’s sustainability agenda One of the lowest carbon footprint in the industry with net carbon PROTECT OUR PLANET emission at 465* kg CO2 per ton cementitious materials in FY23. Cement to Clinker ratio (x) 1.84 ~2 lac ton of waste utilized as fuel in plants unde
Slide 20: Touching lives of communities through our CSR activities
Touching lives of communities through our CSR activities ❖ 100+ youth have been trained under project Nuvo Mason which aims to drive skilled employment in the construction industry. ❖ Installed 250+ Solar lights across locations with an aim to reduce carbon footprint. ❖ Solar run water supply projec
Slide 21: Key Financials
05 Key Financials 20
Slide 22: Price hike should sustain to mitigate the high input cost
Price hike should sustain to mitigate the high input cost Market Prices Cost FY23 ▪ Cement demand in East and ▪ Prices have improved from ▪ High power & fuel cost has North witnessed robust demand FY22 levels with east (7%)* impacted margins during the year. growth on YoY basis. outperforming all In
Slide 23: Key consolidated financial indicators
Key consolidated financial indicators Cement Volumes Total Revenue Total EBITDA (MMT) (Rs. crores) (Rs. crores) Q4 FY23 5.2 2,929 383 FY23 18.8 10,586 1,224 22
Slide 24: Key cement cost elements in Q4 FY23
Key cement cost elements in Q4 FY23 Raw Material cost Power & Fuel cost Distribution cost 681 1,383 1,465 (Rs./t) (Rs./t) (Rs./t) Increased by 4% YoY Increased by 11% YoY Increased by 5% YoY External pressure from high energy Reimposition of Busy Season Increase in demand of slag has costs contribut
Slide 25: Net debt reduction remains a top priority
Net debt reduction remains a top priority Net debt Position (Rs. Crores) Nuvoco’s Interest rate vs. repo rate 6,730 160 9.0 % 8.5% 8.0 % 140 6.9% 7.0 % 5,064 6.5% 120 6.0 % 4,414 5.0 % Repo rate 100 4.0 % 4.0% Interest rates (%) 80 3.0 % Mar'21 Mar'22 Mar'23 Mar'22 Jun'22 Sept'22 Dec'22 Mar'23 ➢ Net
Slide 26: Consolidated income statement
Consolidated income statement (All amount in Rs. crores) FY22 FY23 Q4 FY22 Q4 FY23 Total Income 9,355 10,599 2,940 2,931 Cost of materials consumed 1,508 1,765 462 443 Purchase of stock in trade 42 44 16 11 Changes in inventories (174) (24) 122 187 Power and fuel 2,101 2,792 604 612 Freight and forw
Slide 27: Summary
Summary ✓ Cement demand to remain strong in FY24 led by government’s continuous thrust on infrastructure. ✓ Moderation in fuel cost will favorably impact margins. ✓ The company will remain focused on improving cement to clinker ratio, increasing share of premium products, cost mitigating measures an
Slide 28: Contact
Contact Nuvoco Vistas Corporation Limited Corporate Identity Number: L26940MH1999PLC118229 Registered and Corporate Office: Equinox Business Park, Tower 3, East Wing, 4th Floor, LBS Marg, Kurla (West), Mumbai - 400 070, Maharashtra, India; Website: www.nuvoco.com Company Contact Ms. Madhumita Basu;