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Mar12 Analyst Pppt

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Review of performan ce of 2011- 12 NMDC Limited Performance Highlights Q4 FY 2011-12 & FY 2011-12
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Page 1: Mar12 Analyst Pppt

Review of performance

of 2011-12

NMDC Limited

Performance Highlights Q4 FY 2011-12 & FY 2011-12

Page 2: Mar12 Analyst Pppt

Review of performance

of 2011-12

Disclaimer

The statements contained in the Presentation may be forward looking statements and progressive within the meaning of applicable laws and regulations. Actual results may vary from those expressed or implied, depending upon economic conditions, government policies and other incidental factors that may arise. Readers are cautioned not to place undue reliance on the forward looking statements.

Page 3: Mar12 Analyst Pppt

Review of performance

of 2011-12

PERFORMANCE HIGHLIGHTS

* Iron Ore Production : 272.60 LT (PY 251.55 LT) 8%* Iron Ore Sales : 273.01 LT (PY 263.15 LT) 4%* Profit before Tax : Rs 10759 Cr (PY Rs 9725 Cr) 11%* Profit after Tax : Rs 7265 Cr (PY Rs 6499 Cr) 12%* Value addition per employee: Rs 1.67Cr(PY Rs 1.59 Cr) 5%

* Output per Manshift: 29.97 Tonnes (PY 27.73 Tonnes) 8%

* Highest ever Dividend declared 450% of Share Capital. * EPS has increased from Rs 16.39 to Rs 18.33 per Share.

Page 4: Mar12 Analyst Pppt

Review of performance

of 2011-12

PARTICULARS

2011-12 2010-11 Inc/(Dec) of 6 over 8QTR I QTR II QTR III QTR IV 2011-12 QTR IV 2010-11

1 2 3 4 5 6(2+3+4+5) 7 8 9

I. PRODUCTION:          

(a) Iron Ore (lwmt) : 61.62 69.92 71.45 69.61 272.60 85.83 251.55 21.05

(b) Diamonds (carats) 1066 6381 4866 5730 18043 0 10866 7177

(iii) Sponge Iron (tonnes) 8658 10971 8631 8977 37237 10981 38962 -1725II. SALES: (a)Iron Ore (lwmt)- Exports 0.7 2.07 1.08 3.85 9.93 25.63 -21.78

- Domestic 67.97 73.71 62.96 64.52 269.16 74.30 237.52 -31.64

Total Iron ore 68.67 75.78 64.04 64.52 273.01 84.23 263.15 9.86

(b) Diamonds ( carats) 0 1142 4251 2692 8085 2 18421 -10336

(c ) Sponge Iron (tonnes) 8633 10159 7653 7287 33732 12839 39775 -6043

Physical Performance

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of 2011-12

PRODUCTION (LWMT)

2011-12 2010-11

Q 1 Q2 Q3 Q 4 2011-12 Q 1 Q2 Q3 Q 4 2010-11

Lump/CLO 22.84 26.20 25.65 26.61 101.30 22.15 20.02 23.86 32.63 98.66

Fines 38.78 43.72 45.80 43.00 1271.30 35.43 25.83 38.42 53.21 152.89

Total : 61.62 69.92 71.45 69.61 272.60 57.58 45.85 62.28 85.84 251.55

Lump : Fines ratio 37:63 37:63 36:64 38:62 37:63 38:62 44:56 38:62 38:62 39:51

Pattern of Production 23% 26% 26% 25% 100% 23% 18% 25% 34% 100%

Physical Performance

Page 6: Mar12 Analyst Pppt

Review of performance

of 2011-12

2011-12 2010-11

QTR I QTR II QTR III QTR IV Year 2011-12 QTR IV 2010-11

PRODN:        

Kirandul 26.95(30%) 23.77(26%) 22.28(25%) 17.06(19%) 90.06(33%) 35.81(42%) 87.87(35%)

Bacheli 27.08(21%) 31.92(25%) 34.95(28%) 32.50(26%) 126.45(46% 36.00(42%)121.32(48%

)

Donimalai 7.59(14%) 14.23(25%) 14.22(25%) 20.05(36%) 56.09(21%) 14.02(16%) 42.36(17%)

TOTAL 61.62(23%) 69.92(26%) 71.45(26%) 69.61(25%) 272.60 85.83  251.55

SALES:        

Kirandul 29.16(33%) 25.69(29%) 18.58(21%) 16.55(17%) 89.98(32%) 36.94(44%) 94.22(36%)

Bacheli 26.66(21%) 35.72(28%) 35.74(28%) 30.09(23%) 128.21(47%) 34.11(40%) 117.04(44%)

Donimalai 13.11(23%) 14.53(26%)

9.82 (17%) 18.04(33) 55.50(21%) 13.41(16%) 52.85 (20%)

TOTAL 68.93(25%) 75.94(28%) 64.14 23%) 64.68 273.01 84.46 264.11

Note :- Kirandul Sales includes 0.68 LMT and 0.96 LMT of despatches to SIU during current year & previous year.

UNIT WISE PHYSICAL PERFORMANCE Qty in LMT

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27.7729.94 28.62 28.27

27.7329.97

0

5

10

15

20

25

30

35

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

Output per manshift

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56.83

67.12

94.72

122.75

93.58

159.04

0

20

40

60

80

100

120

140

160

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

Value added per employee

Page 9: Mar12 Analyst Pppt

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FINANCIAL PERFORMANCE Rs. in Crore

Particulars

Current Year Previous YearInc/(Dec)

over previous

year Qtr. IV For

2011-12 Qtr. IV For 2010-11

a) Sales Revenue 2595.01 11261.89 3770.12 11369.31 (107.42)b) Other income 546.34 2016.49 440.72 1203.14 813.35

Total Income 3141.35 13278.38 4210.84 12572.45 705.93a) Cons. of raw material 6.05 24.01 5.48 23.18 0.83b) Cons. of stores & spares 80.84 232.56 73.32 211.98 20.58c) Changes in Inventories (39.62) (22.72) (41.43) (113.17) 90.45d) Employees cost 126.53 529.10 145.73 491.05 38.05e) Selling Expense & freight (2.28) 144.02 399.59 863.86 (719.84)f) Depreciation 29.54 130.17 37.41 120.35 9.82g) Royalty 292.80 1022.61 334.18 931.76 90.85h) Other expenses 156.95 407.86 117.82 317.78 90.08i) Exceptional Items 51.30 51.30 0.00 0.00 51.30

Total Expenses 702.11 2518.91 1072.10 2846.79 (327.88)Profit Before Tax 2439.24 10759.47 3138.74 9725.66 1033.81Profit After Tax 1642.28 7265.39 2098.62 6499.22 766.17

Page 10: Mar12 Analyst Pppt

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of 2011-12

ANALYSIS OF SALES

Particulars Sales Qtly. (In lmt) Sales Revenue (Rs. in

crore)Variation due to

(Rs in crore)

2011-12 2010-11 2011-12 2010-11 Price Quantity Total

1. Iron Ore

Export 3.85 25.63 272.93 1531.49 49.64 (1308.20) (1258.56)

Domestic 269.16 237.52 10,894.63 9753.84 73.05 1067.74 1140.79

Sub-total 273.01 263.15 11,167.56 11285.33 122.69 (240.46) (117.77)

2. Sponge Iron(In Tons) 33732 39775 65.93 62.75 3.18

3. Wind power 4.48 (4.48)

4. Diamonds (In Carats) 8085 18421 9.84 12.88 (3.04)

5. Income from Services 17.20 3.50 13.70

6. Other Operating Revenue 1.36 0.37 0.99

Net Revenue from Operation 11,261.89 11369.31 (107.42)

Page 11: Mar12 Analyst Pppt

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DETAILS OF EXPENDITURE Rs. in Crore

ParticularsYear to date

Vari. Remarks / Reasons 31-Mar-12 31-Mar-11

1) Power & electricity 50.13 45.69 4.44 Due to increase in production

2) Repairs & Maintenance 67.03 53.06 13.97 Mainly on account of off loading of maintenance to OEMs

3) Other Expenses  

a) Raising & Tpt. Cost 44.74 26.58 18.16 Increased Mining activity at KIOM

b) Corporate Social Resp. 63.32 37.33 25.99

c) CISF 52.81 49.07 3.74 Total 1211 nos of CISF personnel are deployed. 1061 nos personnel at Bailadila, 80 nos at Donimalai and 70 nos at Panna.

d) Travelling Expenses 20.65 16.75 3.90  

e) Mine Closure Obligation 9.12 10.55 (1.43)

f) All other expenses 98.58 77.24 21.34 Provision for Bad & doubtful debts Rs 11.74 Cr. And Increase in Consultancy fee Rs 12.79 Cr.

Subtotal (a to f) 289.22 217.52 71.70  

Total 406.38 316.27 90.11  

Page 12: Mar12 Analyst Pppt

Review of performance

of 2011-12

ParticularsYear to date

Vari.Remarks / Reasons

31-Mar-12 31-Mar-11

1) Consumption of Stores & Spares 232.56 211.98 20.58 Increase in production

2) Depreciation 130.17 120.35 9.82 Increase due to Additions to HEMs

3) Royalty & Cess 1022.61 931.76 90.85 Qty Variance Rs 77.97 CrRate Variance Rs 12.88 Cr

ANALYSIS OF CONSUMPTION OF STORES, ROYALTY & DEPRECIATION Rs. in Crore

Page 13: Mar12 Analyst Pppt

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DETAILS OF EXCEPTIONAL ITEMS Rs. in Crore

ParticularsYear to date

Vari. Remarks / Reasons

31-Mar-12 31-Mar-11

Exceptional Items 51.30 0.00 51.30

Income :Reinstatement of Investments of JKMDC -Rs 3.96 CrExpenditure : Impairment of Windmills in Karnataka -Rs 52.76 CrLoss of Drill due to accident in Bacheli -Rs 2.50 Cr

Page 14: Mar12 Analyst Pppt

Review of performance

of 2011-12

DETAILS OF SELLING EXPENDITURE Rs. in Crore

ParticularsYear to date

Vari. Remarks / Reasons31-Mar-12 31-Mar-11

1) Railway Freight 41.69 621.85 (580.16)Dec. in despatch by 26.88 Lakh MT : Rs (-) 566.65 CrInc. in Rly Freight Rate/Ton from Rs 2107.68 to Rs 2580.39 : Rs 7.36 Cr.

2) Selling Expenses 102.33 242.01 (139.68)Decrease in Export Qty by 21.68 LMT,Reduction in export duty by Rs 105.16 Cr and selling exp - Rs 34.52 Cr.

Total 144.02 863.86 (719.84)

Page 15: Mar12 Analyst Pppt

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of 2011-12

DETAILS OF DIVIDEND Rs in crore

Particulars GOI Share

Others Total Dividend

% of PAT

% of Share

Capital

1st Interim 356.84 39.63 396.47 5.45% 100%

2nd Interim 356.84 39.63 396.47 5.45% 100%

Final (proposed) 892.10 99.08 991.18 13.65% 250%

Total 1605.78 178.34 1784.12 24.55% 450%

Previous Year 1177.58 130.77 1308.35 20.13% 330%

Page 16: Mar12 Analyst Pppt

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Business Strategy

Core Business

Exploration, Evaluation, Mining, Ore Processing

Core StrengthMining at minimum cost;

Eco friendly mining

Forward Integration

Value Addition ProjectsSteel, Pellets, Beneficiation

Horizontal IntegrationNew JVs, Collaboration

through MoUs, Technological advancements

Backward Integration

New exploration, Prospecting,Assistance to State

Horizontal IntegrationOverseas expansion, New Minerals, New leases in

India & abroad

Page 17: Mar12 Analyst Pppt

Review of performance

of 2011-12

CAPITAL EXPENDITURE DURING 2011-12 (Rs in Crore)

Name of the Schemes Actual

Expr

1.Bailadilla 11B 49.35

2.Kumaraswamy 46.60

3. 3MTPA Steel Plant Chattisgarh 828.63

4. 2 MTPA Steel Plant at Karnataka 103.68

5. Pellet plant at Donimalai 81.60

6. Other Schemes 1.49

7. AMR (Incl Township) 163.99

8. R&D 14.57

9. Feasibility studies 1.33

10. Business Development 101.06

11. Investments in other ventures(*) 141.29

TOTAL 1533.59

Page 18: Mar12 Analyst Pppt

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of 2011-12

Future Capex

• Capex for 2012-13• Capex for 12th plan

Amt (Rs. Crores)

• Rs.4655• Rs.30,071

Page 19: Mar12 Analyst Pppt

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Capacity of existing mines in Bailadila sector after expansion by 2014-15

• Kirandul Complex• Deposit – 14 : 5 MTPA• Deposit – 11C : 7 MTPA• Deposit – 11B : 7 MTPA • Total : 19 MTPA• Bacheli Complex• Deposit – 5 : 10 MTPA• Deposit – 10&11A : 7 MTPA• Total : 17 MTPA

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Capacity of existing mines in Karnataka after expansion

Donimalai : 7 mt

Kumaraswamy : 7 mt

Page 21: Mar12 Analyst Pppt

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Key Events:

Uniflow Railway Line to be commissioned in May 2012. Trial runs on. Will augment evacuation capacity by 3 million tonnes..

Slurry Pipeline: MOU signed with RINL for construction of slurry pipeline and setting up of Pellet Plant at Vizag. Will augment evacuation capacity by 10 million tonnes.

Page 22: Mar12 Analyst Pppt

Review of performance

of 2011-12

Status of Donimalai / Kumaraswamy mines:

Hon’ble Supreme Court has directed production of 1 million tonnes by NMDC from its mines at Karnataka.

E-auction of ore through Monitoring Committee.

Page 23: Mar12 Analyst Pppt

Review of performance

of 2011-12

Status of Ongoing Projects:

(a) Bailadila Deposit 11B: Location : Dist. South Bastar, Chhattisgarh Capacity : 7.0 MTPA Capital out lay : Rs. 607.17 Crores. Work is being executed through 7 Packages. All packages have been ordered and work is in progress. Likely to be commissioned by : October 2012 

Status of ongoing Projects

Page 24: Mar12 Analyst Pppt

Review of performance

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b) Kumaraswamy Iron Ore Project Location : Dist Bellary, Karnataka Capacity : 7.0 MTPA Capital out lay : Rs.898.55 Crores.

M/s MECON are the Consultants and the Project is being executed through 6 Packages.

Orders for the four main packages (Crushing Plant, Downhill, Electrical works and Water supply pipelines) are placed and work is under progress.

Remaining packages are under various stages of tendering/ordering.

Project Completion : September 2013.

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25

c) Pellet Plant, Donimalai (1.2 MTPA capacity)• The project is being executed through 6 packages (Pelletisation, Beneficiation,

Site levelling, MRSS, Boundary wall/Misc buildings and Mobile equipments) Execution will done through 6 packages and 3 packages have been tendered already.

• All major packages have been ordered and foundation works have commenced at site for some equipments.

• Basic engineering and ordering of major equipments completed. Environmental clearance obtained. Soil investigation work has been completed

• Some of the equipments are on the way to site.

• Completion of project : March 2013

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26

d) Integrated steel plant of 3.0MTPA capacity at Nagarnar, Jagdalpur in Chattisgarh State.

• The Plant is being set up at an investment of Rs. 15525 crore

• All statutory clearances have been obtained

• Sinter Plant, Blast furnace, Raw Material Handling system, Coke oven, By product, Steel Melting Shop, Thin slab caster & Hot strip mill and Oxygen plant packages have been ordered. Work started at site for blast furnace, RMHS & Coke Oven

• Lime & dolomite plant are under final stage of ordering

Page 27: Mar12 Analyst Pppt

Review of performance

of 2011-12

Diversification into coal: NMDC got the detailed exploration done through MECL under MOU at Shahpur (East & West). ML applications are in process in MOC

→ Mine plan & mine closure plan for West block approved by MOC

→ Applied for environmental clearance and forest clearance→ Work is in process for preparation of DPR→ Land required (for acquisition) for infrastructure and activity

areas identified→ AS per approved mine plan coal production will start in 2014, for

which NMDC is taking all necessary stepsNMDC also plans for acquisition and development of New Coal Blocks under public/private partnership.

Page 28: Mar12 Analyst Pppt

Review of performance

of 2011-12

Other Joint Ventures:

• ICVL• JKMDC• Legacy Iron Ore Ltd• NMDC CMDC Ltd

Page 29: Mar12 Analyst Pppt

Review of performance

of 2011-12

CSR activities

NMDC has identified 4 major areas of CSR

a) Health –

b) Education –

c) Employment –

d) Infrastructure –

Page 30: Mar12 Analyst Pppt

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30

Mile stones & Accolades• Signing of MoU with Govt. since 1991-92.• Excellent performer in MoU ratings in almost all the years.• PSE Excellence Award as Company of the Year in Navratna category• Indira Gandhi Rajbasha shield for 13 times.• ‘Star PSU of the Year’ award (Business Standard).• Best PSU of the year 2012 (Mineral sector/ Navratna/ Overall categories)• by Dun & Bradstreet• CAPEXIL top export award for the year 2010-11.• Commendation certificate for CSR (SCOPE)• Innovative leadership/ HR leadership/ Global HR excellent award (IPE)

Page 31: Mar12 Analyst Pppt

Review of performance

of 2011-12

THANK YOU

sanjayarora
Page 32: Mar12 Analyst Pppt

Review of performance

of 2011-12

• 2011-12• April + May - • Kirandul – 18.30• Slurry (11.34)• Bacheli - 15.75• Donimalai – 6.88• Total – 40.93

• 2012-13• April + May - • Kirandul – 12.28• Slurry (Nil)• Bacheli – 21.89• Donimalai –12.87• Total – 47.05


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