Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q4 FY2022 Earnings Presentation
30 slides from Nuvoco Vistas's earnings presentation, May 23, 2022
Slide 1: Intimation letter to stock exchanges
~ ® NUVOCO VISTAS CORP. LTD. N Uv OCO Shaping a new world ~ Ref. No.: Sec/25/2022-23 May 23, 2022 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: Q4 and FY ended March 31, 2022
Nu oco® Shaping a new world Investor Presentation Fourth quarter and full year ended March 31, 2022 May 23, 2022 1
Slide 3: Safe harbour clause
Safe harbour clause I ~ ® N Uv OCO Shaping a new world ~ 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 c
Slide 4: Key Performance Highlights
~ NU" OCO® Shaping a new world ~ 01 Key Performance Highlights Nazrul Tirtha, Kolkata 3
Slide 5: Delivered strong performance during FY22
~ I Delivered strong performance during FY22 NU" OCO® Sl\aping a new woTld ~ " • • ' Revenues improved by Cement sales volumes rose Premium product share1 15% on YoY basis 3% on YoY basis improved by 3pp on YoY basis IJ • Concerted efforts delivered Increase in Alternate Improving performance by exe
Slide 6: Company Overview
~ NU" OCO® Shaping a new world ~ 02 Company Overview Lodha World One, Mumbai 5
Slide 7: Nuvoco at a glance
I Nuvoco at a glance… ▪ Major player in the building materials industry with diverse product portfolio Fastest growing cement company ▪ 5th largest in India and largest in East India1 in terms of capacity addition2 ▪ Installed cement capacity of 23.8 MTPA Market leading brands with significant marke
Slide 8: A distinguished player in the market
~ I A distinguished player in the market NU" OCO® Sl\aping a new woTld ~ 75% ▪ Strong and steady retail presence despite trade ratio difficult market conditions WATER AND CRACK RESISTANT CONCRETE. 34% 1 ▪ Improvement in premium products share STRESS-RESISTANT LIFE. premium share during the year 17%+
Slide 9: Economy & Industry
~ NU" OCO® Shaping a new world ~ 03 Economy & Industry Amritsar Gate, Amritsar 8
Slide 10: Indian economy exhibiting signs of recovery
~ I Indian economy exhibiting signs of recovery ▪ Indian economy continued to demonstrate recovery India GDP growth forecast NU" OCO® Sl\aping a new woTld ~ with the ebbing impact of COVID-19 pandemic and , , ~--- ----t, 10% expanding vaccination coverage , , , , ------------------------- ▪ India GD
Slide 11: East has witnessed a strong rebound in demand & prices
East has witnessed a strong rebound in demand & prices N ~ Uv OCO ® I Sl\aping a new world ~ ▪ After a severely impacted Q3 FY22 due to the unprecedented extraneous factors, cement demand in East recovered by more than 30% QoQ in Q4 FY22 driven by pent-up demand and improvement in ground level activ
Slide 12: Structural demand drivers remain positive
~ I Structural demand drivers remain positive Housing Infrastructure I , ,, NU" OCO® Sl\aping a new woTld Industrial & Commercial ~ -------------------------- ', ' ' ; \ \ I I I ▪ PMAY targets completion of 8 ▪ Government’s thrust on ▪ Nascent signals of improving million houses in FY23 infrastructu
Slide 13: Key Focus Areas
~ ® NU"OCO Shaping a new world ~ 04 Key Focus Areas Metro rail, New Delhi 12
Slide 14: Continue to focus on internal levers
I Continue to focus on internal levers ~ ® N Uv OCO Sl\aping a new woTld ~ Price Acceleration Program ▪ Continuous focus on premiumisation, value added products and Project SPRINT innovation ▪ Improving trade share and geo-mix optimization Logistics synergy Successful Integration of Nu Vista ▪ Deriv
Slide 15: Growth & sustainability projects progressing well
I Growth & sustainability projects progressing well Growth projects ▪ Nimbol and Risda clinker capacity enhancement through debottlenecking is on track ▪ Engineering design for new Grinding Unit at Bhiwani Cement plant being finalised; negotiations on civil work tender commenced Sustainability proje
Slide 16: RMC and MBM businesses are on track
RMC and MBM businesses are on track Ready-Mix Concrete (RMC) ▪ 53 operational plants; new plant set up at Vaishnodevi, Ahmedabad ▪ Sales volumes grew 29%YoY in Q4 FY22; premium mix improved to 25% of total sales volume Nuvoco offers end-to-end services including placing and finishing a variety of de
Slide 17: Actively participating in India's growth story
~ I Actively participating in India’s growth story NU" OCO® Sl\aping a new woTld ~ Nuvoco Vistas was the exclusive supplier of M35 Grade light grey shade exposed Agile, supplied 2,000 Cum of Agile ready-mix concrete, for the construction of state-of-the-art Acquatic Gallery, Science City, Ahmedabad.
Slide 18: Sustainability & CSR
~ ~WOTld NUv o· Sh~ 05 Sustainability & CSR Sharda University, Delhi 17
Slide 19: Sustainability – a key thrust area
~ I Sustainability – a key thrust area NU" OCO® Sl\aping a new woTld ~ @ Climate Circular economy ▪ Focus to reduce net specific CO2 ▪ High C/k ratio of 1.8 emissions ▪ Successful entry of composite cement with ▪ Programs to reduce Specific Heat ~6% volumes share in total volumes Consumption ▪ Chitt
Slide 20: Touching lives of communities through our CSR activities
~ I Touching lives of communities through our CSR activities ▪ Extent support for education of 100+ children from tribal families to promote inclusiveness ~v"oco® ping Q new WOTld ~ Shikshit ▪ Installed solar plants in 26 government schools thereby improving amenities for 4,000+ Bharat students ® --
Slide 21: Demonstrating commitment towards sustainable products
~ I Demonstrating commitment towards sustainable products NU" OCO® Sl\aping a new woTld ~ 1----------------------------------------l Launched Ecodure – a revolutionary range of low carbon concrete or Green concrete "------------------------------------------------------------------------------------
Slide 22: Awards & recognitions showcasing our achievements
~ I Awards & recognitions showcasing our achievements NU" OCO® Sl\aping a new woTld ~ Nuvoco Vistas was felicitated at the Chittor Cement Plant won National Award Nuvoco Vistas’ Finance team won 14th World Innovation Congress & (Silver Medal) for Manufacturing the 'Finance Team of the Year' Awards,
Slide 23: Key Financials
~ NU" OCO® Shaping a new world ~ 06 Key Financials Khodhaldham Temple, Ahmedabad 22
Slide 24: Seasonally strong quarter ahead; fuel cost continue to be high
~ I Seasonally strong quarter ahead; fuel cost continue to be high NU" OCO® Sl\aping a new woTld ~ Market Prices Cost r-------------------------------------------------------------------------------7 I East region rebounded strongly in Q4 FY22 I L-----------------------------------------------------
Slide 25: Consolidated key financial indicators
~ I Consolidated key financial indicators NU" OCO® Sl\aping a new woTld ~ Q4 FY22 FY22 5.5 2,930 440 17.8 9,318 1,539 Sales Volume Total Revenue Total EBITDA Sales Volume Total Revenue Total EBITDA (MnT) (Rs. crores) (Rs. crores) (MnT) (Rs. crores) (Rs. crores) 24
Slide 26: Key cement cost elements in Q4 FY22
~ I Key cement cost elements in Q4 FY22 , ., ,; ~~ -, '' '\ NU" OCO® Sl\aping a new woTld ~ I Raw Material cost I I Power & Fuel cost \ \ Distribution cost 643 1,251 1,412 (Rs./t) (Rs./t) (Rs./t) Increased by 19% YoY Increased by 43% YoY Increased by 11% YoY Increase in key input commodity Higher co
Slide 27: Balance sheet improvement – a key priority
~ I Balance sheet improvement – a key priority NU" OCO® Sl\aping a new woTld ~ Net debt (Rs. Crores) Key Updates Rs. 1,666 crores r--------------- -..(J,- -----------------------, ▪ Utilisation of IPO proceeds of .I I 6,730 6,885 I I I Rs.1,350 crores and internal I I I accruals for repayment of deb
Slide 28: Consolidated income statement
~ I Consolidated income statement NU" OCO® Sl\aping a new woTld ~ (All amount in Rs. crores) Q4 FY21 Q4 FY22 FY211 FY22 Revenue from Operations 2,632 2,930 8,102 9,318 EBITDA 536 440 1,607 1,539 EBITDA Margin 20% 15% 20% 17% Finance costs 164 132 768 570 Depreciation and Amortisation expense 221 244
Slide 29: Summary
~ I Summary NU" OCO® Sl\aping a new woTld ~ ✓ Strong foothold in East markets with healthy trade ratio and higher share of premium products ✓ Internal levers continue to support profitability ✓ Focused augmentation in North markets ✓ Substantial reduction in net debt with lower interest rate ✓ Robus
Slide 30: 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 CDR India Gavin Desa: +91 98206 3764