Star Cement Limited has informed the Exchange about Investor Presentation
Date: 12th February, 2025
To, The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G Bandra Kurla complex, Bandra-East Mumbai-400 051
To, The Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001
Symbol -: STARCEMENT
Scrip code: 540575
Dear Sir/Madam,
Subject: Investor Presentation for the 3rd Quarter and Nine months ended 31st December, 2024
Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosures Requirements) Regulation, 2015, an Investors Presentation for the 3rd Quarter and Nine months ended 31st December, 2024 has been prepared and the same has been disseminated on the Company’s website at https://www.starcement.co.in/pdf/investor- presentations/Star%20Cement_IP%20Q3%20FY25.pdf. We are enclosing herewith a copy of the Presentation for your information and record.
Request you to kindly take this communication on record.
Thanking you,
Yours faithfully, For Star Cement Limited
Debabrata Thakurta Company Secretary (M. No.: F6554)
Encl. as stated
CREATING A BETTER TOMORROW
Investors Presentation - Q3 - FY 25
NSE Ticker: STARCEMENT | BSE Ticker: 540575 | Bloomberg Ticker: STRCEM:IN
Q3 Presentation | DEC 2024
Know Us Better: Company Snapshot
Lumshnong
GGU
SGU
1
Star Cement – Company snapshots
Star Cement Limited is one of the leading names among Eastern India's cement manufacturers. The organisation has created a strong brand recall with its endeavor to maintain superior quality product, comprehensive supply chain eco-system, and unmatched efforts to uplift the whole community.
7.7 MTPA grinding capacity
6.1 MTPA clinker capacity
51MW TPP & 12.3MW WHRS
~25% market share in the North-East market
Greener cement ~89% blended cement of Total sales
Premium sales 12% of Trade sales
Technical
Other core strengths
Sufficient reserve of finest quality limestone
Workforce ~4,100
Sales and Marketing
~2,000 dealer network
12,600+ Total Retailer Network
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Largest Cement manufacturer in North-East India
Current capacities
7.7 MTPA Cement pdn. capacity
6.1 MTPA Clinker pdn. capacity
51 MW TPP
12.3 MW WHRS
Our expansion plan
Two grinding units (Silchar and Jorhat) and 800 CBM AAC block plant in Assam ~ INR 1,300 Cr.
Total CAPEX planned over Q4FY25
~INR 220Cr.
Siliguri GU, WB Current capacity– 2MTPA
Guwahati GU, Assam Current – 4MTPA
Lumshnong Integrated unit, Meghalaya Current clinker – 6.1MTPA Current grinding – 1.7MTPA TPP – 51MW + WHRS – 12.3MW
WHRS – 12MW to be commissioned by Q4FY25.
Silchar GU, Assam Upcoming – 2MTPA (FY26)
Jorhat GU, Assam Upcoming – 2MTPA (FY27)
Existing
Upcoming
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A history of excellent execution and sustained expansion
Plan to take cement capacity to ~12MTPA by FY27.
Capacities
FY19
FY20
FY21
FY22
FY23
FY24
FY25
FY26
FY271
Clinker capacity
2.8
2.8
2.8
2.8
2.8
2.8
6.1
6.1
6.1
Cement capacity
3.67
5.67
5.67
5.67
5.67
7.67
7.67
9.67
11.67
First plant setup at Lumshnong, Meghalaya
Cement and clinker Capacity expansion at Lumshnong
Cement capacity at Lumshnong, Meghalaya shot up to 1.67MTPA
New cement unit in Mohitnagar, Siliguri – 2.0MTPA
New cement unit at Sonapur – 2.0 MTPA
New cement unit in Silchar, Assam – 2.0MTPA
FY05
FY08
FY11
FY13
FY17
FY19
FY21
FY23
FY24
FY25
FY26
FY27
New cement unit commercialized at Lumshnong, Meghalaya
New clinker unit at Meghalaya – 1.8MTPA
New cement unit at Sonapur – 2.0 MTPA
Clinker production capacity enhanced to 2.8MTPA
1. Based on ongoing greenfield projects only.
Commissioning of 12.3MW WHRS at Lumshnong, Meghalaya
Commissioned New clinker unit 3.3MTPA
12MW WHRS upcoming
Commercialize AAC block 800 CBM cap.
New cement unit in Jorhat, Assam – 2.0MTPA
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ESG Goals & Targets
Modules Green energy (Q3 FY25 ~ 18.2%)
Thermal Substitution Rate (TSR) (Q3 FY25 ~ 12.9%) Net Zero Carbon footprint
Water positivity
Mine’s 5 Star Rating
Diversity and Inclusion
Target
Green energy share of 55% by FY26.
Present Status Group captive PPA of 18MW finalized & signed with JSW Green Energy on 8th Aug 2024; to fully come on stream by FY26. Existing WHRS– 12.3MW; Upcoming – 12MW (Q4 FY25)
15% by FY25 20% by FY26
By 2050
2x water positive by 2025
AFR System for new clinker unit, Design and Engineering completed. Order placed; site execution in progress. (Timeline – by Q4 FY25)
We aim to follow sectoral roadmap to achieve Net Zero concrete by 2050 and we regularly review & monitor our progress to achieve set targets.
1. Construction of new water reservoir at Lumshnong.
2. Collaboration with communities for rainwater harvesting via pond and to assist in agriculture using drip irrigation.
All mines to achieve 4-star rating
Khub Mines got 4-star rating for FY23 and inspection for FY24 completed in Oct’24
10% women of total workforce in 2025 and 12% by 2027
Head count raised from 168 in July’23 to 223 in Dec’24 (rising from 8% to 10% of the total permanent workforce)
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Financial Highlights
6
Key operational achievements: Q3FY25
INR 107Cr.
EBITDA : Q3 FY25 (Q3 FY24 : 153 Cr)
INR 1,007/ton (Q3 FY24 : 1,582/ton)
10.6 lac tons
Cement sold Growth 9.7% YoY
8.37lac MT
14.9% growth in NE
2.24 lac MT
(6.1%) de-growth in OSNE
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Cement Sales
Trade vs Non-trade – Q3 FY25 vs Q3 FY24
Product-wise sales – Q3 FY25 vs Q3 FY24
Q3FY25
Q3FY24
Lacs tons
8.35
8.14
Q3 FY25
Q3 FY24
Lacs tons
8.63
8.43
1.97
1.23
PPC
OPC
Premium
1.21
0.97
1.04
0.55
Trade
Non Trade
Segments
Trade
Non-Trade
Q3 FY25
Q3 FY24
Lacs tons
8.63
1.97
% mix
81%
19%
Lacs tons
8.43
1.23
% mix
87%
13%
Total sales
10.60
100%
9.66
100%
% Change
2%
60%
10%
Product
Q3 FY25
Q3 FY24
% Change
PPC
OPC
Premium*
Total sales
8.35
1.21
1.04
10.60
8.14
0.97
0.55
9.66
* Premium includes both WSC & DM
3%
25%
87%
10%
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Logistics
1139
1109
1151
Q3 FY24
Q2 FY25
Q3 FY25
Q3 FY24
Q2 FY25
Q3 FY25
215
218
222
Q3 FY24
Q2 FY25
Q3 FY25
Lead Distance (kms)
➢ Average logistics cost majorly increased due to increase
in NE & Non-Trade mix in overall sales.
2.50%
5.30%
5.30%
Q3 FY24
Q2 FY25
Q3 FY25
Rail co-efficent (%)
9
Power & Fuel
1383
1212
1082
1.7
1.5
1.5
5.60%
12.90%
9.80%
Q3 FY24
Q2 FY25
Q3 FY25
Q3 FY24
Q2 FY25
Q3 FY25
Q3 FY24
Q2 FY25
Q3 FY25
Fuel cost ( Rs./Kcal)
Q3 FY24
Q2 FY25
Q3 FY25
TSR (%)
➢ Per ton power cost on cement in Q3FY25 is lower
due to outside clinker purchase.
31%
34%
24.40%
21.90%
➢ 12 MW new WHRS & AFR processing unit is
coming up in Q4 FY25 (part of newly commissioned clinker line) will optimize power cost further.
➢ Green energy and WHRS share has reduced due to production from new clinker line which is not currently backed by WHRS.
18%
12.50%
Q3 FY24
Q2 FY25
Q3 FY25
Q3 FY24
Q2 FY25
Q3 FY25
Green Energy(%)
WHRS (%)
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Financial Highlights – YoY Comparative
Particulars
Q3 FY25
Q3 FY24
YoY%
Q2 FY25
FY24
Quantity Sales (Lacs tons)
Cement and Clinker Sales
Income and Expenses (INR Cr)
Revenue from sale of cement and Clinker
Other Revenue
EBITDA
Depreciation
Interest
Profit Before Tax
Profit After Tax
Gross Cash Accruals
Per Unit details (INR/ton cement)
EBITDA
Profit Before Tax
Profit After Tax
10.68
9.70
10%
9.77
44.43
719
3
107
89
10
8
9
98
1,007
72
85
651
4
153
37
3
113
74
110
1,582
1,173
761
10%
(39%)
(30%)
(145%)
(236%)
(93%)
(87%)
(11%)
(36%)
(94%)
(89%)
642
2,911
2
97
83
7
8
6
88
1,011
79
59
26
583
147
13
423
298
445
1,323
962
677
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Capex Plan
Particulars
Timeline
Project cost
Incurred Till date
9m FY25
Q4 FY25
FY25
FY26
FY27
Line - 3 Clinker
Line - 3 WHR
Silchar GU
AAC Block + Const. Chemical
Jorhat GU
Fleet
AFR
Group captive
Project CAPEX
Operational CAPEX
Total CAPEX
Phase 1 Completed
Q4 FY25
FY26
FY25
FY27
Q3 FY25
Q4 FY25
Q4 FY26
1,085
1,068
108
120
650
89
550
52
32
23
111
47
74
3
52
13
-
33
25
52
3
52
13
-
17
9
80
15
20
-
19
11
125
42
105
67
23
52
32
11
-
-
473
-
100
-
-
12
2,601
1,368
286
171
457
585
-
-
50
-
427
-
-
-
477
150
48
198
100
100
436
219
655
685
577
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Sustainability & CSR: Integrating as key business principles
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Social Initiatives
• A series of Eye Check-Up camps were organised near Sonapur plant, Guwahati in collaboration with Sri Sankardev Netra
Health and Sanitation
Laya, Guwahati to serve over 100 patients with required medicine, check-up, surgery and spectacles.
• Washak Organization of Silchar has been supported with Ambulance for supporting the community in the time of need. • Two educational institutions of Jalpaiguri District were supported with drinking water system. • Food Security has been ensured for 80 specially-abled persons of Mohit Nagar & 100 TB patients in Jalpaiguri.
Eye Camp
Health Camp
Ambulance Support
Food Security
Drinking Water
Water Cooler
Livelihood & Skill Building
Training on Food Processing and Dying cum expo organized where 6 women of Hilara & Sonapur participated.
• • Mechanical training program with 10 youths being arranged at GGU tailoring school. • • •
Srijani-Ananya: a Shopping bag preparation project has been started and going on at Srijani with 5 women. Examination for 3rd batch of Beautician training has been organized at Srijani with 40 students. Tailoring, Biofloc, Fishery, Agarbatti Making, Piggery, Dairy all livelihood projects are going on as per schedule.
Dying Training
Handicraft Expo
Mechanic Training
Agarbatti Unit
Srijani Ananya
Tailoring Class 14
Social Initiatives
Education
• School Infrastructure Development works have been initiated in all locations covering over 25 schools • Classes for Kala Mandir are going on as per schedule with all other extra-curricular activities for 350 students • Computer Education on Wheels is going on in Assam and West Bengal • Student Support Programme has been organized in Silchar for LP Schools
Student Support
Computer Education
School Development
School Support
School Development
Computer Education
Rural Development
• • • • •
Various Cultural and Sports organizations being supported in Assam. CSR Leadership Award Assam for a huge contribution in the field of public welfare. Sonapur Old Age Home being supported with necessary requirement. Installation of Solar Street Lights have been ensured in Assam and Silchar for the benefit of the entire community Dhyan Foundation have been supported to construct a storeroom for gausala in Assam
Public Utility Area
Community Meeting
Cultural program
Solar Lighting
CSR Award
Rural Infra
15
Awards & Accolades
In Q3 FY25, Star Cement Ltd has been honored with the prestigious Red Carpet Experiential Marketing Awards for Exchange 4 Media for
•
•
•
•
•
Best Use of Technology – Dhalai Master Launch Best Online Entertainment – Star Cement Theme Song Best Product Launch – Star Weather Shield Launch Campaign Best Use of AI in Experiences – Star Weather Shield Launch Best Dealer Meet – ADC Star Cement “Sitaron Ka Milan 2024”, Mumbai
In Q3 FY25, Star Cement Ltd was also honored to win three prestigious awards at the 11th Edition of Exchange 4Media Indian Marketing Awards 2024! The Awards are
Gold – Brand Identity/Packaging (Star Weather Shield) Silver – Category Creation (Star Weather Shield – Super Premium Cement) Silver – Best Use of Segmentation (Star Weather Shield)
In Q3 FY25, Star Cement Ltd was also honored to win Most prestigious Effective Campaign for ROI Influencer at Awards from Entrepreneur Magazine! for our Star Dhalai Master Launch Campaign.
the 3rd
2024
pursuit
These awards are a testament to our innovation, relentless excellence, and quality in the cement industry. Thank you for your trust and support!
of
Institute
In Q3 FY25, Star Cement Ltd has been honored with the "BEST CSR PERFORMER 2024" award at the 2nd North-East CSR Forum 2024, held at the Tata Social Sciences, Guwahati! This recognition celebrates our unwavering commitment to community development and impactful CSR initiatives in the North-East region.
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STARS of STAR
Star Cement took the initiative on celebrating our local celebrities by initiating associations with the some of the trailblazers of different sports categories as the company’s Brand Ambassadors
The collaboration with these local celebrities aligns with Star Cement’s long-standing ethos, epitomized by the slogan “Har Ghar Mein Hai Star”
The celebrated sports partner are : 1. Mirabai Chanu - Padmashri and Olympic medalist in Weight lifting 2. Riyan Parag - Indian National Team Cricketer 3. Lovelina Borgoain - Olympic medalist in Boxing 4. Baichung Bhutia - Former Indian Team Football Captain 5. Association with Shillong Lajong FC– one of the premier football clubs in India.
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Safe Harbour Clause Safe Harbour Clause
The given communication, except for historical information reflect current estimates and views of the management and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of such information or opinions contained herein. Certain statements made in this presentation may not be based on historical information or facts and may be ‘forward-looking statements, including those relating to the general business plans and strategy of Star Cement, its future financial condition and growth prospects, future developments in its industry, and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, among many others, or similar expressions or variations of such expressions. These forward-looking statements involve several risks, uncertainties, and other factors that could cause actual results, opportunities, and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks with respect to its cement business.
Star Cement may alter, modify, or otherwise change in any manner, the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.
Star Cement Limited www.starcement.co.in E-mail: investors@starcement.co.in Mobile No.: + 91 91474 15110 CIN: L26942ML2001PLC006663 NSE Ticker: STARCEMENT | BSE Ticker: 540575
Date: 11th Feb 2025
Corporate Office:
Century House, 2nd Floor, P-15/1, Taratala Road, CPT Colony, Taratala, Kolkata – 700088
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