Lucky Cement Ltd. · PSX:LUCK
Lucky Cement — 9M FY2023 Earnings Presentation
23 slides from Lucky Cement's earnings presentation, May 2, 2023
Slide 1: Analyst Briefing 9M FY23
Analyst Briefing 9M FY23 2nd May 2023 lucky-cement.com
Slide 2: Group Overview
Group Overview Building Material Automobile Electronics Chemicals, Agri Science, Animal Health, Pharma, Nutrition Power 2
Slide 3: Key Messages
Key Messages Lucky’s first COD achieved of Local Cement share Buyback 34 MW solar at Rising demand LEPCL currently Line-2 operations was completed PEZU. & fuel has one of the commissioned at witnessed at the average Also, the conversion (FO lowest PEZU increasing higher price of PKR procurement to G
Slide 4: Industry Volumes & Market Share 9M FY23
Industry Volumes & Market Share 9M FY23 lucky-cement.com
Slide 5: Sales Volumes & Market Share - Domestic
Sales Volumes & Market Share - Domestic The domestic sales of the company decreased by 16.9% to reach 4.6 MT in 9M FY23 During 9M FY23, the domestic market share of the company clocked in at 15.0% vs. 15.2% in SPLY Local Sales Volumes (in MT) Market Share 84.8% 85.0% 36.1 30.6 30.6 26.0 5.5 15.2% 15
Slide 6: Sales Volumes & Market Share - Export
Sales Volumes & Market Share - Export The export sales volumes of the company decreased by 44.5% to reach 0.9MT in 9M FY23. The decline in exports was attributable to suppressed demand in foreign markets, owing to the prevalent global economic downturn Recently, in 3Q FY23, due to a decrease in coal
Slide 7: Export Destinations
Export Destinations 9M FY22 9M FY23 Others Others 4.5% 4.4% Africa 24.9% Srilanka, Afghanistan & Bangladesh 41.5% Africa 54.1% Srilanka, Afghanistan & Bangladesh 70.6% 7
Slide 8: Standalone Key Figures 9M FY23
Standalone Key Figures 9M FY23 lucky-cement.com
Slide 9: Standalone Financial Figures for 9M FY23
Standalone Financial Figures for 9M FY23 Sales Revenue Gross Profit Operating Profit 19% 36% 49% 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 70.3 Billion 58.9 Billion 19.0 Billion 14.0 Billion 13.7 Billion 9.2 Billion EBITDA Other Income Profit After Tax 39% (31%) (2%) 9M FY23 9M FY22 9M FY23 9M
Slide 10: Fragmentation of Other Income for 9M FY23
Fragmentation of Other Income for 9M FY23 Total other income clocks in at PKR 4.4 Billion for 9M FY23 Dividend from Lucky Motors Dividend from LCI Corporation PKR 0.7 Billion PKR 1.3 Billion Dividend from Yunus Energy Dividend from Lucky Holding PKRLimited 1.8B PKR 0.2 BillionPKR 2.0B PKR 2.1B Incom
Slide 11: Consolidated Key Figures 9M FY23
Consolidated Key Figures 9M FY23
Slide 12: Key Figures
Key Figures All numbers in PKR billion except EPS Consolidated: 9M FY23 vs 9M FY22 REVENUE EBITDA PAT EPS (RS) 64.6 286.0 48.5 115.24 216.6 79.9% 82.9% 32.1% 34.3 88.6% 26.5 64.07 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 12
Slide 13: Consolidated Gross Revenue
Consolidated Gross Revenue All numbers in PKR billion except EPS 9M FY23 9M FY22 %∆ 340.1 265.7 28.0% Cement Chemicals Auto & Mobile Assembly Power 96.6 96.7 91.5 86.9 (21.3%) 79.1 76.3 15.7% 11.1% 76.1 2099.2% 3.5 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 13
Slide 14: Consolidated Operating Profit
Consolidated Operating Profit All numbers in PKR billion 9M FY23 9M FY22 %∆ 52.5 26.3 99.4% Cement Chemicals Auto & Mobile Assembly Power 23.2 13.7 48.9% 2.8% 10.4 (25.0%) 4297.3% 10.1 9.2 6.0 4.5 0.5 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 14
Slide 15: Local Cement Operations 9M FY23
Local Cement Operations 9M FY23 lucky-cement.com
Slide 16: Utilization Levels
Utilization Levels Clinker Cement 100% 100% 90% 83% 90% 81% 80% 80% 70% 66% 68% 70% 70% 65% 74% 71% 57% 60% 65% 60% 65% 62% 52% 50% 45% 50% 58% 52% 41% 40% 45% 40% 47% 30% 30% 29% 20% 20% 10% 10% - - Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Pezu Karachi Pezu Karachi 16
Slide 17: Sales & Market Share – Region wise
Sales & Market Share – Region wise Sales - Million Tons 9M FY22 9M FY23 3.7 3.1 1.8 1.6 1.5 0.9 North South Export Market Share 9M FY22 9M FY23 34.0% 31.6% 28.8% 27.5% 12.4% 12.2% North South Export 17
Slide 18: Installed Energy Mix
Installed Energy Mix Power Mix After Pezu Solar & Power Mix After Karachi Solar Line-2 Expansion Plant Source MW Source MW Thermal 185 Thermal 185 WHR 55 WHR 55 Solar 34 Solar 59 Total 274 Total 299 WHR: Waste Heat Recovery 18
Slide 19: Outlook 9M FY23
Outlook 9M FY23 lucky-cement.com
Slide 20: Outlook
Outlook Pakistan is facing economic pressure due to delays in receiving the latest IMF tranche, impacting financial flexibility. Despite Government efforts to reassure lenders, financial assistance has not been so forthcoming. A few promising monetary guarantees have been received from friendly coun
Slide 21: Outlook
Outlook Unlocking the IMF tranche is crucial to augment Pakistan's economy, which has been severely impacted by unfavorable economic conditions. It is also essential to have clarity on the current uncertain political climate in Pakistan. This clarity would aid in restoring the confidence of multilat
Slide 22: Q&A
Q&A roe
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Lucky Cement Limited solely for information purposes. No representation or warranty express or implied is made thereto, and no reliance should be placed on, the fairness, accuracy, sufficiency, completeness or correctness of the information or any op