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Review of performance
of 2011-12
NMDC Limited
Performance Highlights Q4 FY 2011-12 & FY 2011-12
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.
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.
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
Review of performance
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
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
Review of performance
of 2011-12
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
Review of performance
of 2011-12
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
Review of performance
of 2011-12
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
Review of performance
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)
Review of performance
of 2011-12
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
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
Review of performance
of 2011-12
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
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)
Review of performance
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%
Review of performance
of 2011-12
16
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
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
Review of performance
of 2011-12
Future Capex
• Capex for 2012-13• Capex for 12th plan
Amt (Rs. Crores)
• Rs.4655• Rs.30,071
Review of performance
of 2011-12
19
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
Review of performance
of 2011-12
20
Capacity of existing mines in Karnataka after expansion
Donimalai : 7 mt
Kumaraswamy : 7 mt
Review of performance
of 2011-12
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.
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.
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
Review of performance
of 2011-12
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.
Review of performance
of 2011-12
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
Review of performance
of 2011-12
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
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.
Review of performance
of 2011-12
Other Joint Ventures:
• ICVL• JKMDC• Legacy Iron Ore Ltd• NMDC CMDC Ltd
Review of performance
of 2011-12
CSR activities
NMDC has identified 4 major areas of CSR
a) Health –
b) Education –
c) Employment –
d) Infrastructure –
Review of performance
of 2011-12
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)
Review of performance
of 2011-12
THANK YOU
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