UltraTech Cement Limited · NSE:ULTRACEMCO
UltraTech Cement — Merger or Acquisition (November 2009)
11 slides from UltraTech Cement's merger presentation, Nov 15, 2009
Slide 1: Merger of Samruddhi Cement Ltd. with UltraTech Cement Ltd
Merger of Samruddhi Cement Ltd. with UltraTech Cement Ltd Presentation to Investors Nov 15, 2009
Slide 2: The Proposal
The Proposal Demerger of Grasim Cement Consolidation proposal to UltraTech Cement division of Grasim to be de-merged into Samruddhi had proposed consolidation to Samruddhi, a 100% Subsidiary UltraTech Eventual Equity Stake in Samruddhi : 65% Board Meeting of UltraTech held on Oct 6 – Grasim
Slide 3: Combination To Create Significant Value
Combination To Create Significant Value India’s Largest Cement and RMC Company Size & Scale Amongst Top Ten Grey Cement Companies in the World; No. 7 in White Cement India’s Largest user of Waste Material Sizeable limestone reserves to facilitate further expansions Future Growth Synergy th
Slide 4: What the Combination would be like
What the Combination would be like Capacity UltraTech Samruddhi Combined Grey Cement Million TPA 23.1 25.7 # 48.8 Composite Plants No. 5 6 11 Grinding Units No. 6 5 11 White Cement Million TPA - 0.6 0.6 TPPs MW 236 268 504 RMC No. 32 plants 36 plants 68 plants Million Cu. M 4.99 6.76 11.76 Key Inves
Slide 5: Pan India Presence and …
Pan India Presence and … Combined Market Share (%) North 16 Bhatinda(G) West 29 Panipat Dadri East 20 Kotputli Aligarh Shambhupura South 15 Jodhpur Jawad All India ~19 Durgapur(G) Pipavav Source : CMA Q1FY10 Hirmi Jafrabad Jharsuguda(G) Magdalla (G) Awarpur Raipur Samruddhi Cement Ltd - Grey Cement
Slide 6: … Global Scale and Visibility
… Global Scale and Visibility Combined Entity to be India’s largest Cement Co Cement Global Ranking* (Capacity) Lafarge - France 263 Samruddhi * 25.7 Holcim - Switzerland 257 ACC Ltd 22.6 CNBM - China 133 Ambuja Cements 22.0 Ltd Heidelberg - Germany 115 UltraTech 23.1 Cemex - Mexico 101 India Anhui
Slide 7: Scheme – Highlights
Scheme – Highlights Amalgamation of Samruddhi, with all its Assets and Liabilities, with UltraTech Upon effectiveness of the Scheme, Samruddhi to stand dissolved without winding up Ratio - UltraTech to issue 4 Equity shares of Rs. 10 each for every 7 Equity shares of Rs. 5 each held in Samrudd
Slide 8: UltraTech - Share Holding Pattern
UltraTech - Share Holding Pattern Pre - Merger Post - Merger 8
Slide 9: Combined Financials - H1 FY10
Combined Financials - H1 FY10 H1FY10 (In Rs. Cr.) UltraTech Business under Demerger Combined Net Sales 3,494 4,193 7,687 EBITDA 1,252 1,423 2,675 EBIDTA Margin 36% 34% 35% Depreciation 190 195 385 EBIT 1,062 1,228 2,289 (In Rs. Cr.) – As of UltraTech Business under Demerger Combined 01/10/2009 Net W
Slide 10: Key Advisors
Key Advisors Valuation Advisors Bansi S Mehta & Co. Ernst & Young Private Limited Fairness Opinion UBS Securities India Pvt. Ltd. Enam Securities Pvt. Ltd. Financial Advisors DSP Merrill Lynch Ltd. Enam Securities Pvt. Ltd. Legal Advisors Amarchand & Mangaldas & Suresh A. Shroff & Co 10
Slide 11: Thank You
Thank You 11
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