Investor’s Meet

September’19

GROWTH CHART – CAPACITY & PRODUCTION – JKLCMn. MT.

Clinker Capacity

Cement Capacity

Production

2015 2016

JKLC CAGR during FY’15 to FY’19 – 14%

2017

5.47

6.27

8.30

6.27

8.65

6.60

10.90

*After considering 1.60 Mn. MT of Udaipur Cement Works Ltd., a 73% subsidiary of JK Lakshmi Cement Ltd.

6.88

2018

6.60

10.90

As on 31st March

7.48

2020 (E)

6.60

10.90

PRODUCTION (Lac. MT.) SALES (Lac. MT)

3 Months Ended

30.06.2019 30.06.2018

23.30 22.87

2%

8.05 9.31

3 Months Ended

30.06.2019 30.06.2018

21.86 22.24

-2%

1

11.70

9.82

2019

8.12

13.30

11.48

Consolidated*

2020(E)

6.88

12 Months Ended

31.03.2019 31.03.2018

93.07 80.48

16%

12 Months Ended

31.03.2019 31.03.2018

96.58 85.16

13%

Capacity Utilisation

2

Particulars Apr.16 - Mar.17 Apr.17 - Mar.18 Apr.18 - Mar.19

(12M) (12M) (12M)

All India 62% 64% 70%

North + Gujarat Zone 67% 69% 75%

JK Lakshmi Cement - Existing 76% 71% 81%

East Zone 68% 67% 74%

JK Lakshmi Cement - Durg 92% 83% 99%

JK Lakshmi Cement -Overall 79% 74% 85%

% Growth

3

Particulars % Growth

Apr.16 - Mar.17 Apr.17 - Mar.18 Apr.18 - Mar.19 Apr.19 - Jun.19

(12M) (12M) (12M) (3M)

All India -1% 6% 12% -2%

North + Gujarat Zone -4% 5% 9% -10%

JK Lakshmi Cement - Existing 1% 2% 11% 3%

East Zone 1% 8% 14% -11%

JK Lakshmi Cement - Durg 47% 24% 19% -2%

JK Lakshmi Cement - Overall 9% 7% 13% 2%

Jaykaypuram

Durg

Kalol(Grinding Unit)

Jharli(Grinding Unit

& AAC Block)

Mother Plants – Cement (Clinker) - Mn.MT

4

Surat(Grinding Unit)

1.30

4.65 (4.88)

0.90

1.352.70 (2.00)

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

1.60 (1.24)

UCWL

Markets

Rajasthan (28%)

Gujarat (41%)

Haryana

Delhi

Mumbai (2%)

Punjab

J&K

H.P.

W.U.P.&

Utt.

(29%)

Madhya Pradesh(10%)

Maharashtra(10%)

Odisha(19%)

W.Bengal(1%)

5

Region-wise Cement Sales - Sirohi

6

Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (3M)

% sales % sales % sales % sales Apr'19-Jun'19

% sales

Rajasthan / MP 26 26 26 28 40

Gujarat 35 34 35 41 37

Maharashtra 6 4 4 2 1

North 33 36 35 29 22

Region-wise Cement Sales - Durg

7

Regions 2015-16 (12M) 2016-17 (12M) 2017-18 (12M) 2018-19 (12M) 2019-20 (3M)

% sales % sales % sales % sales Apr'19-Jun'19

% sales

Chhattisgarh 57 54 56 54 58

Odisha 21 17 17 19 16

West Bengal 6 1 2 0 0

Madhya Pradesh 5 9 9 10 10

Maharashtra 4 10 8 8 7

Jharkhand 3 4 5 5 5

Bihar 2 3 1 1 1

Others 2 2 2 3 3

Major Performance IndicatorsPower Consumption (Kwh./ MT of cement)

8

2015-16 2016-17 Sirohi 2016-17 Durg 2017-18 Sirohi 2017-18 Durg 2018-19 Sirohi 2018-19 Durg

75 75

71

73

68

70

66

Major Performance IndicatorsFuel Consumption (K.Cal./Kg.of clinker)

9

2015-16 2016-17 Sirohi 2016-17 Durg 2017-18 Sirohi 2017-18 Durg 2018-19 Sirohi 2018-19 Durg

703700

703

697

710

698

710

Financial Highlights – For 3 Months ended 30.06.2019

10

Sr. Particulars Unit For the Ist Qtr. ended

No. 30.06.19 30.06.18

Figures %

1 Net Sales Rs. Cr. 1042 923 118 13%

2 PBIDT (after other Income) Rs. Cr. 176 105 71 68%

3 PBDT Rs. Cr. 136 60 76 127%

4 PBT (before exceptional items) Rs. Cr. 91 15 75 497%

5 PBT (after exceptional items) Rs. Cr. 60 15 45 297%

6 PAT Rs. Cr. 39 14 26 187%

8 OPM (On Net Sales) % 16% 10% 6%

Incr. / Decr. (-) in

Financial Highlights – For 12 Months ended 31.03.2019

11

Sr. Particulars Unit For Twelve Months ended

No. 31.03.2019 31.03.2018

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 Rs. Cr. 104 103 2 2%

5 PAT Rs. Cr. 80 82 -2 -2%

6 OPM (On Net Sales) % 11% 12% -1%

Incr. / Decr. (-) in

Financial Highlights – Balance Sheet

12

Rs. in CroreSl. As at As at

No. 31.03.2018 31.03.2019

A ASSETS

(1) Non-current Assets

(a) Net Fixed Assets 3022 3050

(b) Investments 354 357

(c) Other Non-Current Assets 108 109

3484 3516

(2) Current Assets

(a) Current Assets 553 559

(b) Treasury Surplus Corpus 452 380

1005 939

TOTAL ASSETS 4489 4455

B EQUITY AND LIABILITIES

(1) EQUITY (NET WORTH) 1453 1523

(2) LIABILITIES

(I) Borrowings

(a) - Long Term 1580 1526

(b) - Short Term 441 87

- Total 2020 1613

(II) Other Liabilities 1015 1320

TOTAL EQUITY AND LIABILITIES 4489 4455

Particulars

KEY FINANCIAL RATIOS

13

Particulars Unit 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19

Operating Profit

Margin ( net of Excise)% 15 15 10 13 12 11

Interest Coverage Times 4 4 2 2 2 3

Total Debt / Equity Times 1.27 1.41 1.47 1.57 1.39 1.06

Net Debt / Equity Times 0.97 1.18 1.26 1.20 1.08 0.81

EV per Ton

(1US$ = Rs. 65)US $/MT 81 129 104 105 82 79

Shareholding Pattern of JKLC as on 30th Jun.2019

14

I Promoters & Promoter Group 45.93%

II FIIs,MFs,Banks etc. 29.30%

III Public 24.77%

Total 100.00%

I Total Share Capital (Rs. Cr.) 58.85

II Total No. of Shares (Cr.)

(Face Value Rs. 5/- each) 11.77

1. Buy-back upto Rs. 97.5 Cr. at a Cap of Rs. 70/- per share inFeb’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.

Shareholder’s friendly Initiatives

15

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

Shareholder’s friendly Initiatives (Contd..)

16

JKLC among Best Performers on the bourses

Annualised Stock Price Return since January 2003

55.5

39.4

36.8

33.8

30.0

29.6

25.4

24.9

24.9

24.0

22.8

22.3

19.9

18.3

16.5

Shree cement

JK lakshmi Cement

Chettinad Cement

Birla Corp

Mangalam Cement

Madras Cement

Ambuja Cement

Grasim Inds

ACC

Prism Cement

Century Textiles

Heidelberg Cement

Sensex

India Cements

Kesoram Industries

CompanyCAGR return (%)

Source : Capitaline, BSE, BCCI Annual Report/Business Standard 30.05.13

17

Way Forward

Improved Power Cost at Durg Plant after setting up WHR Plant of7.50 MW in Dec’2017.

TPP Plant of 20 MW at Durg is commissioned in June’2019.

Odisha Grinding Unit with Capacity of 0.80 Mn.MT is expected tobe commissioned by Sep’19.

At Durg in 2018-19 the Company has achieved much improvedefficiencies.

Logistic Optimization with Group Company UCWL.

% of Premium Products continuously increase.

Reduction in Borrowing Cost on LT Loans through annual resetting.18

Way Forward

Pro+ Cement sale to increase in Northern Markets too.

Introduction of New Brand SIXER with new Dealer /Stockiest.

The Company has deep penetration in rural markets.

Increasing volumes through split location Grinding unit and outsourcing Grinding Arrangement.

Short Term rating continues at A1+ (highest possible rating) (CRISIL & CARE).

Long Term rating is ‘AA-’.

19

JKLC has reached 13 Mn MT in Mar’17.

JKLC became a 11 Mn MT Cement Company in Mar’2017.

Cement Capacity (including UCWL) has gone up from 9.35 Mn. MT in Mar’16 to 13 Mn. MT in Mar’2017.

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).

20

Thank You