Gujarat Ambuja Cements Ltd'

1
Gujarat Ambuja Cements Ltd.
October 17, 2003
2
Clinker Production
Lac Tonnes

• 1 Q2004 1 Q2003 June 2003
• Gujarat 10.2 10.1 42.7
• Himachal 4.5 5.0 22.9
• Maharashtra 4.9 3.7 20.3
• Total 19.6 18.8 85.9

3
Cement Production
Lac Tonnes

• 1 Q2004 1 Q2003 June 2003
• Gujarat 8.9 9.6 45.8
• HP/ Punjab 7.5 7.0 31.1
• Maharashtra 5.1 4.2 21.5
• Total 21.5 20.8 98.4

4
Major Cement Players (July - September 2003)
mn tonnes

• Capacity Production Despatches
• ACC 16 3.6 3.6
• L T 16 2.7 2.7
• Grasim 14 2.9 3.0
• Ambuja Group 14 2.9 2.9

Source CMA
5
Sales - Volume
Lac Tonnes

• 1 Q2004 1 Q2003 June 2003
• Gujarat 5.5 6.6 27.1
• HP/Punjab 7.6 7.2 31.1
• Maharashtra 5.4 4.6 21.6
• Domestic 18.5 18.4 79.8
• Exports 3.9 3.0 18.3
• Total 22.4 21.4 98.1

6
Sales Realisation
Rs./ tonne

• 1 Q 2004 1 Q2003 June 2003
• Domestic 1762 1833
  1897
• Export 1224 1213 1197
• Total 1668 1747
  1768

7
Gujarat Ambuja Cements Limited (Quarter
Snapshot)
Rs. Crores

• 1 Q2004 1 Q2003 Variance
• Sales -Volume (mn tonnes) 2.24 2.14
  5
• - Value 374 373
  --
• Operating Profit 80 84
  (5)
• Interest 20 22 (11)
• Depreciation 42 43 --
• Profit Before Tax 18 19
  --
• Tax
  3 6 (54)
• Credit due to Exceptional Items (3)
  -- --
• Profit After Tax 18 13
  40
• Net Operating Margin 21 22

8
Power Cost

• 1 Q 2004 1 Q2003 June 2003
• Units consumed 90 90 86
• Cost (Rs./Ton) 183 190 187

9
Fuel Cost

• 1 Q2004 1 Q2003 June 2003
• K. Cal/ Kg of Clinker 727
  743 729
• Cost (Rs./Ton) 230 246 227

10
Cost Of Production
Rs./ tonne

• 1 Q 2003 1 Q2003 June 2003
• Power 183 190
  187
• Fuel 230 246
  227
• Raw material 140 136
  136
• Consumables 67 54
  47
• Direct cost 620
  626 597

11
ECB US 80 MillionThe only successful syndicated
Deal
Brief Terms Security Unsecured Coupon 6
months LIBOR plus 1.30 Tenor 5
year Amount US 80 Million ( Rs. 367 Crores)
Achieved the twin objectives of Restructuring the
Maturity profile and an optimum mix of Rupee
/ Dollar Liability
12
Debt Profile

• 30.6.2003 30.9.2003
• Tenor
• Long Term 69 79
• Short Term 31 21
• Total 100 100
  
• Mix
• Rupee Debt 79
  56
• Foreign Currency Debt 21
  44 Total
  100 100

13
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