Dangote Cement Plc · NSENG:DANGCEM
Dangote Cement — Q1 2025 Earnings Presentation
23 slides from Dangote Cement's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 results
Q1 2025 results UNAUDITED RESULTS FOR THREE MONTHS ENDED 31st MARCH 2025 30th April 2025 @dangotecement www.dangotecement.com
Slide 2: A global leader, proudly African
A global leader, proudly African Dangote Cement is sub-Saharan Africa’s largest and leading cement company, with operations in 10 African countries. We are resolute in transforming Africa, while creating sustainable value for all our stakeholders. 8 1 4 10 9 Integrated 7 52Mta Grinding 6 Our vision
Slide 3: SSA – Macroeconomic environment
6 SSA – Macroeconomic environment • Sub-Saharan Africa's GDP is projected to grow by 4.2% in 2025, driven by5strong Currency depreciation against the dollar YTD in March commodity exports, increased infrastructure investments, and a gradual decline in inflation in select economies. Nevertheless, cha
Slide 4: Domestic macroeconomic environment
Domestic macroeconomic environment Real GDP growth Interest rate Oil prices • The IMF revised Nigeria’s 2025 growth forecast • The CBN held the benchmark interest rate steady at • Oil production averaged 1.5Mb in Q1 2025, a 7.3% downward to 3.0% from 3.2%, citing concerns over the 27.50%, following
Slide 5: Resilient performance despite challenges
Resilient performance despite challenges FINANCIAL OPERATIONAL SUSTAINABILITY SDG Alignment 28% female Board Group revenue up 21.7% representation Nigeria exports up 21.2% to ₦994.7B Diverse Board with 7 different nationalities Published 2023 combined Strong reduction in Nigeria Annual and Sustainab
Slide 6: Solid 49.2% EBITDA growth driving margin expansion
Solid 49.2% EBITDA growth driving margin expansion Three months ended 31st March 2025 2024 Change Sales volumes* ‘000t ‘000t % Financial Nigeria volumes 4,396 4,594 (4.3%) • Group revenues up 21.7% Pan-African volumes 2,440 2,710 (10.0%) • Group EBITDA up 49.2% to ₦461.6B; with improved margin of In
Slide 7: Group financial overview
Group financial overview Income Statement Nigeria exports trend (Kt) Q1 2025 ₦m Q1 2024 ₦m % change 350 Revenue 994,659 817,350 21.7% Cost of sales (407,265) (398,162) 2.3% 300 82 Gross profit 587,394 419,188 40.1% Gross margin 59.1% 51.3% 7.8pp 250 86 EBITDA 461,639 309,477 49.2% 200 EBITDA margin
Slide 8: Group financial overview (cont’d)
Group financial overview (cont’d) Rewarding shareholding Balance Sheet As at 31/3/25 As at 31/12/24 Dividend paid (N’B) ₦m ₦m 600 Property, plant and equipment 3,230,172 3,271,322 503 500 Declared dividend of Receivables from related parties 1,040,627 1,045,575 ₦30.00/share 400 338 338 Other non-cur
Slide 9: Group financial overview (cont’d)
Group financial overview (cont’d) Focused on strong cash generation • Net cash of ₦321.3B was generated from 800 operations in Q1 2025 • ₦37.5B was spent on capex to fund the 700 construction of new plants in West African countries, distribution trucks as well as 254 improvements in our energy effic
Slide 10: Nigeria – Robust revenue growth, improved EBITDA margins
Nigeria – Robust revenue growth, improved EBITDA margins Average cement price across our operations, $/t • Decline in sales volume of 4.3% amid slowdown in real estate and private 125 construction projects. Weighted Average cement • Nigeria revenues up 53.7% to ₦696.0B. price of $93 105 107 • Nigeri
Slide 11: Pan-Africa – Election uncertainties impact sales
Pan-Africa – Election uncertainties impact sales EBITDA ₦’B 120 • Volumes down 10.0% to 2.4Mt, due to post-election uncertainties in 99.9 Senegal and South Africa, as well as liquidity constraints in Ethiopia. 100 • Revenues down 15.4% to ₦322.7B, due to lower sales across major of 80 76.5 our pan A
Slide 12: Country updates
Country updates CAMEROON CONGO ETHIOPIA • DCP Cameroon sales volume • DCP Congo sold 185Kt in Q1 • DCP sales of 500Kt in Q1 2025 was up slightly by 0.6% to 2025 (including exports), down was 14.9% lower year-on-year. 356.5t in Q1 2025 21% from the 236Kt sold in the corresponding quarter of last • Th
Slide 13: Country updates
Country updates GHANA SENEGAL SIERRA LEONE • DCP Ghana sold 98Kt of • Post election uncertainties • Pockets of stock shortages cement in Q1 2025, down stalled economic and impacted volumes for the from 123Kt in same period construction activities quarter. last year. • DCP sold 299.3Kt of cement in •
Slide 14: Country updates
Country updates SOUTH AFRICA TANZANIA ZAMBIA • Economic activities in South • DCP sold 475.6t in Q1 2025, up • DCP Zambia sold 181Kt of Africa were subdued due to post by 31.7% cement in Q1 2025, down by election uncertainties. 20% • Ongoing infrastructure • In Q1 2025, sales volumes initiatives—inc
Slide 15: Debt and Liquidity
Debt and Liquidity Robust Capital Structure Investor Presentation
Slide 16: Track record of accessing debt capital market
Track record of accessing debt capital market Commercial paper programme Dangote Cement successfully cancelled 166.9 million treasury shares with the CAC. Renewed ₦300B Bond programme 350 300 250 200 300 80 Undrawn balance of Bond update 150 ₦220B on programme Issued Tranches 100 Programme and Dated
Slide 17: Sustainability
Sustainability Investor Presentation
Slide 18: Sustainability & Governance – The Dangote Way
Sustainability & Governance – The Dangote Way Our 7 Sustainability Pillars our embedded in our culture and guide our approach to building a sustainable business. We released our 2023 combined Annual Report and Sustainability Report with ESG data presented as per Global Reporting Initiative (GRI) ref
Slide 19: ESG is at the heart of our operation (Q1 2025 highlights)
ESG is at the heart of our operation (Q1 2025 highlights) Environmental Social Governance • N1.1 billion spent on CSR activities across the Group • Reviewed and implemented new governance policies in • Unveiled decarbonisation roadmap, targeting 20% in Q1 2025, up 12.7% year-on-year. line with best
Slide 20: Strong Board and Governance Framework
Strong Board and Governance Framework Board of Directors (includes five Independent Directors) Diverse Board • 28% Female Board Members (gender diversity) Aliko Dangote Devakumar Edwin Arvind Pathak Emmanuel Ikazoboh * • 7 Nationalities Olakunle Alake Viswanathan Shankar Cherie Blair, CBE, KC* Dorot
Slide 21: Social performance
Social performance International Women’s Day Sustainability Week Theme: “Business Optimisation for Net Zero –The Dangote Journey” ₦13.2B spent on CSR in 2024, up by 459.8% DCP charity outreach to Ajomo-Ikosi DCP staff embarking on a walk for road community in Kosofe LGA safety sensitisation Investor
Slide 22: Outstanding financial performance
Outstanding financial performance 2024 Group revenue up Group Revenue (N’B) Group EBITDA (N’B) 4000 62.2% at 3,581 1600 1,382 3600 ₦3,580.6B 3200 1400 2800 1200 2400 1000 2000 800 1600 600 2024 Group EBITDA up 1200 800 400 56.0% at 241 134 400 200 ₦1,382.0B 0 0 2011 2012 2013 2014 2015 2016 2017 201
Slide 23: For further information contact
For further information contact: Temilade Aduroja Head of Investor Relations Dangote Cement Plc ir@dangote.com InvestorRelationsDangoteCement@dangote.com @dangotecement www.dangotecement.com