Nuvoco Vistas Corporation Limited · NSE:NUVOCO
Nuvoco Vistas — Q3 FY25 Earnings Presentation
24 slides from Nuvoco Vistas's earnings presentation, Jan 22, 2025
Slide 1: Intimation letter to stock exchanges
Ref. No.: Sec/156/2024-25 January 22, 2025 BSE Limited The 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: 543334 Mumbai – 400 051 Scrip ID: NUVOCO Trading Symbol:
Slide 2: Investor Presentation – Third quarter ended December 31, 2024
Investor Presentation Third quarter ended December 31, 2024 January 22, 2025 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
Company overview 3
Slide 5: Major player in building materials space
Major player in building materials space Current Capacity Capacity capacity additions1 by Q3 FY27 Cement capacity 25.0 6.0 31.0 (MTPA) Clinker capacity 13.5 3.5 17.0 (MTPA) 22 50 MW 457 kg/t States served2 Green power portfolio3 CO2 emission4 Vision - Building a Safer, Smarter and Sustainable World
Slide 6: Diversifying footprint with Vadraj acquisition
Diversifying footprint with Vadraj acquisition Cement capacity to reach 31 MTPA by Q3 FY27 Major diversification on the cards 6.0 31.0 Regionwise cement capacity mix 1.2 25.0 Current – 25 MTPA Q3 FY27 – 31 MTPA 1.5 9.0 11.0 West North 19% 24% North East 20% 61% East 2.3 76% Greenfield Lafarge Emami
Slide 7: Vadraj Cement – A brief overview
Vadraj Cement – A brief overview Assets from top quality manufacturers with Rationale for acquisition sustainable long-term resources ✓Value buy with sizeable growth opportunity available at highly competitive cost (~USD 60 per ton) Long mining life 6 MTPA ✓Acquisition to boost footprint in Western
Slide 8: Core strengths
Core strengths Premium Product Production Cost leadership Robust distribution Portfolio network Market leading brands: Strategically located Continuous focus on Trade focus with Concreto has significant production facilities in operational excellence; extensive sales and market share in the close pr
Slide 9: Q3 FY25 consolidated performance at a glance
Q3 FY25 consolidated performance at a glance Industry leading volume growth amidst competitive market conditions 4.7 MT1 ₹ 2,410 Cr. ₹ 258 Cr. Cement sales volume Revenue EBITDA Other key highlights ✓ Cement sales volume growth of 16% YoY in Q3 FY25 ✓ Trade share at 71% of cement volumes ✓ Premiumis
Slide 10: Economy and Industry
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Slide 11: Substantial unspent Govt. capex to drive cement demand
Substantial unspent Govt. capex to drive cement demand 54% of ₹ 11.11 lakh Cr. infra budget yet to be ~60% of ₹ 8.8 lakh Cr. capital expenditure of the top 20 states yet to be spent spent by the central government in FY251 in FY251 Pending capex 78% 65% 61% Roadways 40% 53% Railways 66% ~33% outlay
Slide 12: Business update
Business update 11
Slide 13: RMX and MBM offers additional avenues for growth
RMX and MBM offers additional avenues for growth Ready-Mix Concrete (RMX) ✓ Currently, 56 plants across India ✓ Premium product “Concreto UNO Concrete” launched in FY25 is gaining traction in different markets Modern Building Materials (MBM) ✓ Tile adhesive, construction chemical and cover block seg
Slide 14: Awards and recognitions
Awards and recognitions 13 “Big Impact Award” to Concreto Uno Recognition of Excellence in standard Bihar Cement Plant recognized for Cement in the category of “Excellence promotion activities to Arasmeta, Quality Excellence at Manak Mahotsav in Water Repellent” Sonadih & Risda cement plants by for
Slide 15: Sustainability and CSR
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Slide 16: Sustainability – a key thrust area
Sustainability – a key thrust area Carbon emission3 (kg CO2/ton) 580 Specific CO2 emissions at 1,90,000+ tons of waste utilized 513 4571 kg /t of cementitious as fuel in plants under circular 457 materials economy initiative in 9M FY25 Global India Nuvoco Average Average FY24 Cement to clinker ratio
Slide 17: Social impact initiatives and community engagement
Social impact initiatives and community engagement ~125 youth ongoing Digital smart Health camps Infra related activities training under “Nuvo- classroom running in organised across undertaken across Mason” - a masonry 43 schools, benefiting locations, benefitting villages, benefitting skill develop
Slide 18: Key financials
Key financials 17
Slide 19: Demand recovery underway with price improvement in the latter phase of the quarter
Demand recovery underway with price improvement in the latter phase of the quarter Market Prices Cost ✓ Cement demand recovered post ✓ Pan-India cement prices ✓ Raw material cost and fuel challenging conditions in H1 FY25. remained weak during majority cost witnessed QoQ Q3 FY25 Recovery marks a pos
Slide 20: Cost efficiency remains in focus – Q3 FY25
Cost efficiency remains in focus – Q3 FY25 Power Powerand & fuel cost1 1 fuelcost Blended fuel cost (₹/ Mcal) - lowest in the last 13 quarters (₹/t) 2.64 2.74 2.28 2.31 2.05 1.91 1.94 1.74 1.67 1.63 1.57 1.54 1.45 1,132 1,046 987 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 FY24 Q2 FY25 Q3 FY25 FY22 FY
Slide 21: Deleveraging remains a top priority
Deleveraging remains a top priority Net debt (₹ Cr.) ✓ Continuously reduced net debt year-over-year, reflecting effective debt management ✓ Net debt reduced by ₹ 183 Cr. YoY to ₹ 4,350 Cr. 5,495 5,165 4,533 4,350 Dec'21 Dec'22 Dec'23 Dec'24 20
Slide 22: Consolidated income statement
Consolidated income statement (₹ Cr.) Q3 FY24 Q2 FY25 Q3 FY25 9M FY24 9M FY25 Total Income 2,432 2,279 2,410 7,826 7,330 Cost of materials consumed 370 415 410 1,298 1,307 Purchase of stock in trade 57 67 71 79 193 Changes in inventories 16 (11) (61) (10) (85) Power and fuel 449 453 510 1,609 1,478
Slide 23: Summary
Summary Risda Cement Plant ✓ Cement demand recovered post challenging conditions in first half of the fiscal ✓ Unutilized government capital expenditure is expected to boost near-term demand, while long-term demand drivers remain robust ✓ Vadraj acquisition to drive major diversification and catapul
Slide 24: Thank you
Thank you Nuvoco Vistas Corporation Ltd. 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 Contacts Madhumita Basu; Emai