Investor Presentaiton
9M 2023 - Impressive Nine Months Performance
Diversification benefit coming from a strong pan-Africa performance
Financial
Nine months ended September
Sales volumes*
Nigeria volumes
Pan-African volumes
Inter-company sales
Total
Revenues
Nigeria
Pan-Africa
Inter-company sales
Total
EBITDA
Nigeria*
**
Pan-Africa**
Inter-company and central costs
Total
EBITDA margin*
**
Nigeria
Pan-Africa
Group
DANGOTE
CEMENT
9M 2023
9M 2022
Change
•
Group revenues up 28.7%
'ooot
'ooot
%
•
12,017
13,481
-10.9%
•
8,492
7,372
15.2%
(221)
(56)
Group EBITDA up 28.5%; with a margin of 43.8%
Record pan-Africa EBITDA up three-folds to N170.0B; 28.9%
margin
Nigeria EBITDA up 5.9%, despite accelerating inflation
20,288
20,797
-2.4%
•
PAT up 30.2% to N277.5B
Nm
Nm
•
Net debt at N507.7B; net gearing of 37.2%
933,084
890,654
588,243
288,509
4.8%
103.9%
•
(6,726)
(1,907)
1,514,601
1,177,256
28.7%
•
Nm
508,116
Nm
479,924
5.9%
170,017
47,844
255.4%
(15,371)
(11,889)
29.3%
662,762
515,879
28.5%
•
•
%
%
.
54.5%
53.9%
28.9%
16.6%
0.6pp
12.3pp
·
43.8%
43.8%
EPS up 29.6% at N16.08
Operational
Group volumes down 2.4% to 20.3Mt, owing to election
uncertainty, cash unavailability and FX devaluation impacting
Nigeria volumes
Pan-Africa volumes up 15.2% on strong performance from
Ethiopia, Cameroon, Senegal, Zambia and Congo.
Commenced operations at our 0.45Mta grinding plant in Ghana
Exported clinker to Cameroon in Q3
Okpella alternative fuel system to be commissioned in December,
along with three other projects.
Plans ongoing to maximise export volumes and intensify efforts in
transitioning from diesel power trucks to CNG
PAT
277,548
213,101
30.2%
* Sales volume include cement and clinker
**Before corporate costs and eliminations
Investor Presentation
Dangote Cement | Page 6.View entire presentation