UltraTech Cement Feb-25

• Investor Presentation of UltraTech Cement Limited is the subject
• The company proposes expanding its construction value chain via wires and cables

UltraTech Overview

• Industry Capacity has a ~5.1%
• UltraTech India Capacity has 11.7%
• Industry Demand has ~5.6%
• UltraTech Sales Volume has 11.0%
• Net Sales has 11.6%
• EBITDA has 11.0%
• PAT has 12.8%

Grey Cement Capacity

• All India Capacity as of March 1, 2025 was 177.7 Mtpa
• A further plan exists for FY25 of 5.1 Mtpa
• A plan exists for FY26/27 of 26.5 Mtpa
• Total planned capacity is 209.3 Mtpa
• Overseas capacity is 5.4 Mtpa
• Overall total capacity is planned at 214.7 Mtpa

Cement Industry Growth in India

• Cement demand is expected to cross 640 Mtpa in FY30
• Cement demand growth is 9.3% in FY11, 6.3% in FY15, 7.3% in FY 19, -5.8% in FY20, 2.1% in FY21, 8.7% in FY22, 11.0% in FY23, 9.3% in FY24

UltraTech Product Launch Dates

• Birla White was launched in 1988
• UltraTech RMC was launched in 1998
• UltraTech Building Solutions was launched in 2007
• UltraTech Building Products was launched in 2012

UltraTech RMC

• There are 348 RMC plants catering to national demand
• Performance based Concrete
• Usage based Concrete
• Decorative Concrete
• Green Concrete

UltraTech Building Solutions

• There are 4,432 UltraTech Building Solutions outlets
• These help increase the share of customer wallet to 60%+
• Benefits for Home Builders include convenience and trust empowerment
• Benefits for Dealers include increased earning capacity and better fit with aspirations of the new generation
• Sells Steel Roofing and Sheets, Sanitary and Fittings, Electricals, Plywood & Power Tools, and PVC Pipes & Water Tanks

UltraTech Building Products

• Product categories include Dry Mix and Waterproofing
• Variants include Plasters & Mortars, Adhesives & Sealants, Industrial Grouts, Flooring, and Repair & Rehabilitation
• There are 5 Dry Mix categories, 1 Waterproofing category, and 6 total categories
• There are 22 Dry Mix products, 9 Waterproofing products, and 31 total products
• There are 79 Dry Mix variants, 11 Waterproofing variants, and 90 total variants

Cables and Wires

• Why cables and wires?
• Extension of BPD (presumably Business Performance Development)
• Higher wallet share of homeowner
• High growth Industry
• Adequate room for a new player
• Drivers for wires include Housing growth (Urban and Rural), Increasing share of housing, increasing usage of wires due to higher consumption of white goods and consumer electronics
• Drivers for cables include Growth in urban housing, Private capex growth, strong infrastructure growth, and new areas such as renewable energy and EV charging infrastructure
• The market is projected to grow at ~13% over the next 5 years

Key Tenets of Cables and Wires Business Model

• Location: Jhagadia, Gujarat
• Capacity: 35 to 40 lakh km
• Key Product Categories: Wires, Cables (Low Tension, Control, Instrumentation, Flexible, Rubber etc.)
• Distribution: Pan-India reach, ability to leverage existing UBS network
• 1,800 Crs Capex with IRR ~25% and ROCE >20%, Launch Dec-26

UltraTech Advantage

• Trusted Brand
• UBS Network and B2B relationships
• Access to end-users, home builders and influencer community
• Strong Manufacturing expertise