Corporate Presentation November’2019
GROWTH CHART – CAPACITY & PRODUCTION – JKLC Mn. MT. Consolidated* As on 31 st March 2020(E) 2015 2016 2018 2020 (E) 2017 2019 6.60 6.60 6.88 6.27 6.60 6.27 8.12 Clinker Capacity 10.90 Cement Capacity 10.90 13.30 8.65 10.90 8.30 11.70 9.31 5.47 6.88 11.48 7.48 8.05 Production 9.82 JKLC CAGR during FY’15 to FY’19 – 14% *After considering 1.60 Mn. MT of Udaipur Cement Works Ltd., a 73% subsidiary of JK Lakshmi Cement Ltd. 1
Mother Plants – Cement (Clinker) - Mn.MT 1.30 1.60 (1.24) Jharli (Grinding Unit & AAC Block) 4.65 (4.88) UCWL Jaykaypuram Kalol (Grinding Unit) 0.90 Surat (Grinding Unit) Durg 2.70 (2.00) 1.35 Odisha (Grinding Unit) 0.80 Capacity (Mn. MT) Zone Cement Clinker JKLC North 8.20 4.88 East 3.50 2.00 Sub-Total 11.70 6.88 UCWL 1.60 1.24 Total 13.30 8.12 2
Region-wise Cement Sales - Sirohi Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (6M) % sales % sales % sales % sales Apr'19-Sept'19 % sales Rajasthan / MP 26 26 26 28 40 Gujarat 35 34 35 41 35 Maharashtra 6 4 4 2 1 North 33 36 35 29 24 3
Region-wise Cement Sales - Durg Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (6M) % sales % sales % sales % sales Apr'19-Sept'19 % sales Chhattisgarh 57 54 56 54 56 Odisha 21 17 17 19 18 Madhya Pradesh 5 9 9 10 10 Maharashtra 4 10 8 8 7 Others 13 10 10 9 9 4
Major Performance Indicators Power Consumption (Kwh./ MT of cement) Durg Sirohi 76 75 75 73 71 70 68 66 2015-16 2016-17 2017-18 2018-19 2015-16 2016-17 2017-18 2018-19 5
Major Performance Indicators Fuel Consumption (K.Cal./Kg.of clinker) Durg Sirohi 719 703 700 700 710 710 697 698 2015-16 2016-17 2017-18 2018-19 2015-16 2016-17 2017-18 2018-19 6
Financial Highlights – For 3 Months ended 30.09.2019 Sr. Particulars Unit For the IInd Qtr. ended No. 30.09.19 30.09.18 Incr. / Decr. (-) in Figures % 1 Net Sales Rs. Cr. 935 851 84 10% 2 PBIDT (after other Income) Rs. Cr. 155 107 48 45% 3 PBDT Rs. Cr. 116 57 59 103% 4 PBT (before exceptional items) Rs. Cr. 73 12 61 502% 5 PBT (after exceptional items) Rs. Cr. 73 12 61 502% 6 PAT Rs. Cr. 46 8 38 488% 7 Total CI after Tax Rs. Cr. 46 8 38 501% OPM (On Net Sales) 8 % 16% 11% 5% 7
Financial Highlights – For 6 Months ended 30.09.2019 Sr. Particulars Unit For Six Months ended No. 30.09.19 30.09.18 Incr. / Decr. (-) in Figures % 1 Net Sales Rs. Cr. 1977 1775 202 11% 2 PBIDT (after other Income) Rs. Cr. 331 211 119 56% 3 PBDT Rs. Cr. 252 117 135 116% 4 PBT (before exceptional items) Rs. Cr. 163 27 136 499% 5 PBT (after exceptional items) Rs. Cr. 133 27 106 388% 6 PAT Rs. Cr. 85 22 64 296% 7 Total CI after Tax Rs. Cr. 86 22 64 295% OPM (On Net Sales) 8 % 16% 10% 6% 8
Financial Highlights – For 12 Months ended 31.03.2019 Sr. Particulars Unit For Twelve Months ended No. 31.03.19 31.03.18 Incr. / Decr. (-) in Figures % 1 Net Sales Rs. Cr. 3882 3412 470 14% 2 PBIDT (after other Income) Rs. Cr. 471 479 -8 -2% 3 PBDT Rs. Cr. 284 282 2 1% 4 PBT (before exceptional items) Rs. Cr. 104 103 2 2% 5 PBT (after exceptional items) Rs. Cr. 104 103 2 2% 6 PAT Rs. Cr. 80 84 -4 -5% 7 Total CI after Tax Rs. Cr. 80 82 -2 -2% OPM (On Net Sales) 8 % 11% 12% -1% 9
Financial Highlights – Balance Sheet Rs. in Crore Particulars Sl. As at As at As at No. 31.03.2018 31.03.2019 30.09.2019 A ASSETS (1) Non-current Assets (a) Net Fixed Assets 3022 3050 2973 (b) Investments 354 357 362 (c) Other Non-Current Assets 108 109 88 3484 3516 3423 (2) Current Assets (a) Current Assets 553 558 795 (b) Treasury Surplus Corpus 452 380 330 1005 938 1125 TOTAL ASSETS 4489 4454 4548 B EQUITY AND LIABILITIES (1) EQUITY (NET WORTH) 1453 1523 1598 (2) LIABILITIES (I) Borrowings (a) - Long Term 1580 1525 1444 (b) - Short Term 440 87 120 - Total 2020 1612 1564 (II) Other Liabilities 1016 1319 1386 TOTAL EQUITY AND LIABILITIES 4489 4454 4548 10
Consolidated Financials – For 6 Months ended 30.09.2019 Sr. Particulars Unit For Six Months ended No. 30.09.19 30.09.18 Incr. / Decr. (-) in Figures % 1 Net Sales Rs. Cr. 2149 1999 150 8% 2 PBIDT (after other Income) Rs. Cr. 398 223 175 79% 3 PBDT Rs. Cr. 286 95 191 202% 4 PBT (before exceptional items) Rs. Cr. 182 -11 192 - 5 PBT (after exceptional items) Rs. Cr. 151 -8 159 - 6 PAT Rs. Cr. 103 -3 106 - 7 Total CI after Tax Rs. Cr. 104 -2 106 - OPM (On Net Sales) 8 % 18% 10% 8% 11
Consolidated Financial – For 12 Months ended 31.03.2019 Sr. Particulars Unit For Twelve Months ended No. 31.03.19 31.03.18 Incr. / Decr. (-) in Figures % 1 Net Sales Rs. Cr. 4316 3860 457 12% 2 PBIDT (after other Income) Rs. Cr. 512 501 11 2% 3 PBDT Rs. Cr. 256 237 19 8% 4 PBT (before exceptional items) Rs. Cr. 45 30 15 52% 5 PBT (after exceptional items) Rs. Cr. 49 32 16 50% 6 PAT Rs. Cr. 41 43 -3 -6% 7 Total CI after Tax Rs. Cr. 41 41 0 0% OPM (On Net Sales) 8 % 11% 11% -1% 12
Financial Highlights – Consolidated Balance Sheet Rs. in Crore Particulars Sl. As at As at As at No. 31.03.2018 31.03.2019 30.09.2019 A ASSETS (1) Non-current Assets (a) Net Fixed Assets 3856 3868 3778 (b) Investments 10 11 11 (c) Other Non-Current Assets 159 177 157 4024 4056 3946 (2) Current Assets (a) Current Assets 602 624 882 (b) Treasury Surplus Corpus 476 386 348 1077 1010 1229 TOTAL ASSETS 5101 5066 5175 B EQUITY AND LIABILITIES (1) EQUITY (NET WORTH) 1445 1477 1570 (2) LIABILITIES (I) Borrowings (a) - Long Term 2099 2044 1964 (b) - Short Term 448 91 138 - Total 2546 2135 2102 (II) Other Liabilities 1110 1454 1503 TOTAL EQUITY AND LIABILITIES 5101 5066 5175 13
DEBT EQUITY RATIOS - Standalone Rs. in Crore Particulars 31.03.2017 31.03.2018 31.03.2019 30.09.2019 Long Term Debt 1779 1580 1525 1444 Short Term Debt 391 441 87 120 Total Debt 2171 2021 1613 1564 Less : Cash and Cash Equivalent 509 452 380 330 Net Debt 1662 1570 1232 1234 Debt : Equity Ratio 1.57 1.39 1.06 0.98 Net Debt : Equity Ratio 1.20 1.08 0.81 0.77 14
DEBT EQUITY RATIOS - Consolidated Rs. in Crore Particulars 31.03.2017 31.03.2018 31.03.2019 30.09.2019 Long Term Debt 2295 2099 2044 1964 Short Term Debt 391 448 91 138 Total Debt 2687 2546 2135 2102 Less : Cash and Cash Equivalent 533 476 386 348 Net Debt 2154 2071 1749 1755 Debt : Equity Ratio 1.92 1.76 1.44 1.34 Net Debt : Equity Ratio 1.54 1.43 1.18 1.12 15
Shareholding Pattern of JKLC as on 30th Sept.2019 I Promoters & Promoter Group 45.93% II FIIs,MFs,Banks etc. 30.15% III Public 23.92% Total 100.00% I Total Share Capital (Rs. Cr.) 58.85 II Total No. of Shares (Cr.) (Face Value Rs. 5/- each) 11.77 16
Shareholder’s friendly Initiatives 1. Buy-back upto Rs. 97.5 Cr. at a Cap of Rs. 70/- per share in Feb’ 2012. Cap of Rs. 70/- per share represents : 57% Premium over 12 months average price. ➢ ➢ 68% Premium over 6 months average price. 67% Premium over 3 months average price. ➢ ➢ 66% Premium over 1 months average price. 43% Premium over 15 days average price. ➢ ➢ The Company Utilised only Rs. 30.47 Cr. for the Buy-back 2. Share Split from - Rs. 10/- per share into 2 Shares of Rs. 5/- each. 17
Shareholder’s friendly Initiatives (Contd..) 3. Consistent Dividend Payout Ratio 13% for FY 2019. 13% for FY 2018. 13% for FY 2017. 56% for FY 2016. 30% for FY 2015. 30% for FY 2014. 20% for FY 2013. 25% for FY 2012. 25% Average for last 8 Years 18
JKLC among Best Performers on the bourses Annualised Stock Price Return since January 2003 Company CAGR return (%) Shree cement 55.5 JK lakshmi Cement 39.4 Chettinad Cement 36.8 Birla Corp 33.8 Mangalam Cement 30.0 Madras Cement 29.6 Ambuja Cement 25.4 Grasim Inds 24.9 ACC 24.9 Prism Cement 24.0 Century Textiles 22.8 Heidelberg Cement 22.3 Sensex 19.9 India Cements 18.3 Kesoram Industries 16.5 Source : Capitaline, BSE, BCCI Annual Report/Business Standard 30.05.13 19
Way Forward Improved Power Cost at Durg Plant after setting up WHR Plant of 7.50 MW in Dec’ 2017. TPP Plant of 20 MW at Durg has been recently commissioned. At Durg in 2018-19 the Company has achieved much improved efficiencies. Putting up Solar Power Plants at Sirohi and Durg for further Power Cost reduction. Logistic Optimization with Group Company UCWL. % of Premium Products continuously increase. Reduction in Borrowing Cost on LT Loans through annual resetting. Pro+ Cement sale to increase in Northern Markets too. 20
Way Forward Introduction of New Brand SIXER with new Dealer / Stockiest. The Company has deep penetration in rural markets. Short Term rating continues at A1+ (highest possible rating) (CRISIL & CARE). Long Term rating is ‘ AA- ’ . Efficiency Parameters amongst best in Industry. One of the Least Cost Producer of Cement in Industry. Key Financial Ratios well within accepted Norms. Has Become a PAN India Player (Barring South) with a Capacity of 13.5 Mn. MT. 21
Thank You 22
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