Garware Technical Fibres Limited · NSE:GARFIBRES
Garware Technical Fibres — Investor Presentation (February 2023)
58 slides from Garware Technical Fibres's investor presentation, Feb 23, 2023
Slide 1: Disclosure under Regulation 30 - Investor meeting schedule
GTFL:SEC:2023 BSE Limited e ~ GARWARE TECHNICAL FIBRES February 23, 2023 Corporate Relationship Department, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai 400001. (Company code: 509557) National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, 'G' Block, Bandr
Slide 2: Better Ideas in Action
Better Ideas in Action www.garwarefibres.com
Slide 3: Garware Technical Fibres Limited – At a Glance
Garware Technical Fibres Limited – At a Glance • Pioneer in Technical Textiles in India • In Top 50 companies and in Top 25 • 5000+ workforce with presence in 75 countries Manufacturing companies in India as per GPTW • Producing 80MT per day & operating with • Well qualified R&D team of 22 scientist
Slide 4: Mission
Mission “To Provide innovative, application focused solutions to enhance value of our customers globally” 3
Slide 5: Our Four Pillars of Value
Our Four Pillars of Value Ownership Improve Bond Enhance Own the process of Continuously Enhance our Enhance Stake delivering results Improve our Family Bond with Holder Value with Products & Services the Employees & through Profitable Entrepreneurial to become Business Partners Growth in Sales Spir
Slide 6: GTFL Financials (Rs Crs.)
GTFL Financials (Rs Crs.) Turnover PAT 1189 180 1200 165 158 141 1100 126 1034 120 1018 105 1000 963 900 886 60 800 700 0 F18 F19 F20 F21 F22 F18 F19 F20 F21 F22 5
Slide 7: GTFL Infrastructure
GTFL Infrastructure 6
Slide 8: Manufacturing facility at Pune
Manufacturing facility at Pune Pune manufacturing facility conforms to ISO 9000:2015 standards and boasts state-of-the-art machinery Products • Ropes • PPMF Twines • Cargo Nets • Rope Articles • Geo Textiles • Gangway Nets • PPMF Yarns • Metal Gabions 7
Slide 9: Manufacturing facility at Wai
Manufacturing facility at Wai is the largest unit in India and spread across 40 acres Wai manufacturing facility conforms to ISO 9000:2015 and ISO 14001:2015 standards and boasts state-of-the-art machinery Products • Aquaculture Cage Nets • Sports & Adventure Nets • Agricultural Nets • Plateena (Dyn
Slide 10: Wai Facility
Wai Facility
Slide 11: Extrusion
Extrusion 10
Slide 12: Knotless Netting
eed = SSS PPP? wees ih 1 3. I iy \.\e e's >= = Wainy aay ‘a ae es EPPA am yD De LS Knotless Netting
Slide 13: Netloft
Netloft 12
Slide 14: GTFL's Strong Focus on Manufacturing Excellence
GTFL’s Strong Focus on Manufacturing Excellence Total Preventive Maintenance (TPM) Silver award – India Green Manuf. Certification Challenge Jishu 5S Framework Hozen (JH) LEAN Kanban Kaizen PRINCIPLES Pull 8D Process System Advanced Product Quality Planning 13
Slide 15: GTFL Application Areas
Better Ideas in Action GTFL Application Areas www.garwarefibres.com 15
Slide 16: Our Innovative, Application focused Solutions Portfolio
Our Innovative, Application focused Solutions Portfolio… Fisheries Aquaculture Shipping & IPD Sports • Fully assembled Trawls • Cage Nets • 8 Strand Shipping Ropes • Tennis Nets • Purse Seine Nets • Predator protection Nets • 3 Strand Industrial Ropes • Volley Ball Nets • Gill Nets • Anti Bird Nets
Slide 17: Our Innovative, Application focused Solutions Portfolio
Our Innovative, Application focused Solutions Portfolio… Agriculture Geosynthetics Coated Fabrics Plateena • Anti Bird Nets • Reinforced Soil • Tarpaulins • Aquaculture Cage Nets • Anti Hail Nets Structures • Hanger Covers • Mooring & Towing Ropes • Shade Nets • Landfill • Awnings • Trawl Nets • Ser
Slide 18: GTFL Aquaculture Business
Better Ideas in Action GTFL Aquaculture Business www.garwarefibres.com 18
Slide 19: Growing aquaculture
— Growing aquaculture Million tonnes live weight (LW) 8 2000 2005 2010 Wild capture for human consumption mmm Aquaculture for human consumption 2015 2020 2025 mam Farmed Atlantic salmon <= Population rebased Development of global average fish consumption 30 Kg per capita ou 6 & GARWARE
Slide 20: Total harvest of Atlantic salmon 2011-2026E
Total harvest of Atlantic salmon 2011-2026E
Slide 21: V2 Update
Better Ideas in Action V2 Update
Slide 22: Key Challenges – Bio Fouling and Copper Sedimentation
Key Challenges – Bio Fouling and Copper Sedimentation Top Challenges in • Causing an annual • This is added with current • Frequent net release of more than cleaning causes loss Aquaculture 1000 Tons of copper into high cost of cleaning of appetite leading to Norwegian waters operation during the re
Slide 23: Estimated Annual release of 1000 Tons Copper in Norwegian Waters
Estimated Annual release of 1000 Tons Copper from AF coating in Norwegian Waters 1000 Tons/year of copper released in Norwegian Waters
Slide 24: Total Number of In-situ Cleanings for V2 vs HDPE nets – Norway Site
Total Number of Insitu cleaning for V2 vs HDPE nets –Norway Site Total no. of cleanings (2 nets) 45 41 40 35 Total Number of Cleaning 30 25 20 18 V2 HDPE 15 10 5 0 V2 Nets HDPE Cleanings saved due to V2 nets ~ 60 % - Cost per cleaning~ NOK 20 000,- Total savings in 5,5 months 23 x 20 000,- = NOK 460
Slide 25: V2 Nets – Reduction in Cleaning – Norway Experience
V2 Nets – Reduction in Cleaning – Norway Experience Currently under Trial in Norway 30% - 40% reduction in cleaning (mainly based on photos) Represent significant savings
Slide 26: Sustainable HDPE Cage Net Solution for Aqua Farming – V2 Nets
SUSTAINABLE HDPE CAGE NET SOLUTION FOR AQUA FARMING – V2 NETS Reduction in Sedimentation One of the key benefits of V2 nets is reduction in sedimentation at the farm site. STIM AS conducted tests on V2 nets to evaluate the sedimentation at a farm site installed with V2 nets.
Slide 27: New Development – Predator Cage Solutions
Better Ideas in Action New Development – Predator Cage Solutions
Slide 28: Sapphire-CFR
Sapphire -CFR www.garwarefibres.com
Slide 29: TUNA Attacks – GTFL's Solution – Sapphire CFR
TUNA Attacks – GTFL’s Solution – Sapphire CFR
Slide 30: Sapphire CFR Nets – New age Predator Net
Sapphire CFR Nets* – New age Predator Net Regular twine Suitable for both type of designs (Umbrella and Straight) 8-10% higher stiffness than Sapphire Ultra Cover yarn Core MBX 30% higher Cut Resistance than Sapphire Core consist of blend/Bunch of composite yarn Ultra Core MBX which is turns in to r
Slide 31: Tuna fish experiment
Tuna fish experiment www.garwarefibres.com
Slide 32: Sapphire CFR – Experiment of Impact of Tuna Fish
New Development - Sapphire CFR – Experiment of Impact of Tuna Fish Point of contact Sapphire –CFR -2.1 mm, MBS: 150 kgf
Slide 33: Sapphire X18
Sapphire X18 www.garwarefibres.com
Slide 34: Sapphire X18 – Stiff Predator Net
Sapphire X18 – Stiff Predator Net High Stiffness of netting in its class Superior Cut resistance Ease of handling compared to Monofilament Stiff nets Effective predator control – tried and tested in Chilean waters
Slide 35: Non Salmon Expansion – GTFL's Solution
Non Salmon Expansion – GTFL’s Solution Expansion in Non Salmon Species – a key agenda for growth • New customers added in Species like Barramundi, Sea Bass, Sea Bream, Amberjack, Tilapia • Customers added during last 1 year in • Mexico • Panama • Indonesia • Turkey • Srilanka, Singapore and Brunei
Slide 36: Sports Nets
Better Ideas in Action Sports Nets www.garwarefibres.com
Slide 37: Sports Nets business of GTFL
Sports Nets business of GTFL • GTFL has been awarded with the platinum award for the highest exporter of sports goods from India by Sports Goods Export Promotion Council (SGEPC) sponsored by the ministry of Commerce and Industry, Government of India for consecutive 3 years FY 17-18 to FY 19-20 • GTF
Slide 38: Sports Nets business of GTFL
Sports Nets business of GTFL • The sports nets business has seen a CAGR of TENNIS 20% in Sales Value for last 5 years • Under the sports portfolio, we provide around 50 different products • Our range of sports nets confirms to all international standards and is used in various SOCCER tournaments • G
Slide 39: GTFL Marine Fisheries & Agriculture
Better Ideas in Action GTFL Marine Fisheries & Agriculture www.garwarefibres.com 57
Slide 40: Challenges in Domestic Marine Fisheries
Challenges in Domestic Marine Fisheries • Rising fuel costs/ fuel consumption • Less fish catch & low quality fish catches 60
Slide 41: Rising fuel prices- BIG concern in trawling
Rising fuel prices- BIG concern in trawling Trawl fishing operational expenses are as below ❑ Fuel cost is almost 65-70% in trawl fishing ❑ Approx 20% increase has already happened since last year Fuel 64% Fishing Gear 6% Food & Misc 5% Ice 3% Boat Maintenance 3% Crew Remuneration 16% Oil/Lubricants
Slide 42: Paradigm shift
Paradigm shift VP Route: - Annual cost - Benefits ( Additional fish catches & Fuel saving) - Pay back period 64
Slide 43: Key Benefits to customers
Key Benefits to customers Key Benefits Impact Incremental (vertical) mouth Leading to higher fish catches opening of Trawl (More coverage to water column vertically) Covers more fishing ground which leads to incremental fish High speed catches Trawls being lighter and stable trawl geometry while Fue
Slide 44: GTFL Geo-synthetics Business
GTFL Geo-synthetics Business 71
Slide 45: Geosynthetics – A Brief Overview
Geosynthetics – A Brief Overview Geosynthetics are polymer-based materials used in infrastructure solutions for environmental friendliness and lower overall cost Rockfall Protection works for a project in state of Jharkand •Roads •Railways •Airports •Ports Coastal Protection works for a project in S
Slide 46: Geosynthetics - Benefits
Geosynthetics - Benefits Saves Natural Resources Fast Construction Project Saves Project Cost High Consistent Quality 73
Slide 47: Geosynthetics – Business Model
Geosynthetics – Business Model Design Turnkey Supply Projects Installation 74
Slide 48: Focused Applications – Domestic Markets
Focused Applications – Domestic Markets Lining Rockfall Protection Lining for Leachate Rockfall Protection Erosion Control Pond Railways Highways 75 Major Industry
Slide 49: Future – Rockfall Protection and Erosion control
Future – Rockfall Protection and Erosion control • Out of a total allocation of Rs 110 L Cr by the Central Government under the National Infrastructure Pipeline from 2020 – 2025, Roads & Highways share is Rs 20 L Cr. And Railways is Rs 14 L Cr. • There is an increasing awareness of the need to prote
Slide 50: Future – Rockfall Protection and Erosion control
Future – Rockfall Protection and Erosion control • There is a similar momentum in Railways for protection of running as well as new tracks. • GTFL Geo division has been a joint patent holder with Railways for some time for rock fall solutions and we have further enhanced those solutions with newer d
Slide 51: Future – Landfills & Linings
Future – Landfills & Linings • Landfills are increasingly being recognized as the most viable alternative for disposal of solid waste. Garware is well positioned as a reliable turnkey solution provider for industrial waste landfills. • The key driver for industrial waste landfills is industrial prod
Slide 52: GTFL GEO Export Product Offerings
GTFL GEO Export Product Offerings ➢ WOVEN & FABRIC FORMS Highways & Coastal Protection Works ➢ AQUAROCK BAGS Coastal & River Training Works ➢ ROCGUARD® WITH EARLY WARNING SYSTEMS Rock-fall Protection Works ➢ GARMAT SUPREME Erosion Control Works 79
Slide 53: Focused Applications – Exports
Focused Applications – Exports Lining Rockfall Protection Fabric Forms (Geo-containers) Rockfall Protection For River Training Works For Geohazard Mitigation 80 Colombia Philippines
Slide 54: Focused Applications – Exports
Focused Applications – Exports Lining Rockfall Protection Aqua Rock Bags Fabric Forms (Saddle Bags) For Coastal Protection Works For Pipeline Protection Works 81 Poland Oman
Slide 55: Future – Exports
Future – Exports • Global Market Size 10-12 Bn USD, Growing at 9% CAGR y-o-y • Complete supply value chain needed for Geo-synthetic manufacturing is available in India • With China+1 sentiment in global supply chain India is well poised to become second manufacturing hub for the Word • GTFL is expor
Slide 56: Experienced Management Team
Experienced Management Team Mr. Vayu R Garware Mr. Shujaul Rehman Mr. Tiru Kulkarni Chairman & Managing Chief Executive Officer President Geo-Synthetics Director • Over two decades of • Over two decades of experience of the global geo • Graduate from Wharton experience in FMCG sector Business School
Slide 57: Experienced Management Team
Experienced Management Team Mr. Vivek Kulkarni Mr. Ravendra Mishra President –Operations Head-Human Capital • More than 30 years of valuable • More than 25 years of experience experience in manufacturing in operations & HRM • An expert in operations and • An administrator par excellence operational
Slide 58: Thank You
Better Ideas in Action Thank You INDIA USA UK CANADA AUSTRAILA CHILE NORWAY www.garwarefibres.com 85
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