Aegis Logistics Limited · NSE:AEGISLOG
Aegis Logistics — Investor Presentation (June 2014)
31 slides from Aegis Logistics's investor presentation, June 2014
Slide 1: Aegis Logistics Limited Investor Presentation June 2014
AEGIS LOGISTICS LIMITED Investor Presentation June 2014
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Logistics Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 3: Contents
Contents Business Overview 4 Liquid Division 8 Gas Division 13 Key Strengths & Growth Drivers 21 Financial Highlights 28 3
Slide 4: Business Overview
Business Overview Liquid Division Gas Division Third Party Liquid Logistics (3PL) Third Party Gas Logistics (3PL) O&M Services Auto Gas Retailing and Packed LPG Business Cylinders for Commercial segment Industrial Gas Distribution Marine Products Distribution (Bunkering) Gas Sourcing
Slide 5: Evolution from a Single Product Company to…
Evolution from a Single Product Company to… 2012 - Launch of Marine Products 2007 - Acquisition: Distribution Sealord Containers 2012 – Expanding (Mumbai) & Konkan terminal capacity at Storage (Kochi) Haldia & Pipavav 1995 - Entry into LPG 2009 – Established LPG Business 2013 – Haldia So
Slide 6: Key Management Team
Key Management Team Raj Chandaria: Vice Chairman & MD Anish Chandaria: MD & CEO B.Sc (Economics) and an MBA from Boston B.A. (Economics) and an MBA from Wharton University Business School Over the last 30 years he has led the business Over the last 22 years he spearheaded through the next st
Slide 7: Contents
Contents Business Overview 4 Liquid Division 8 Gas Division 13 Key Strengths & Growth Drivers 21 Financial Highlights 28 7
Slide 8: Liquid Traffic at Indian Ports
Liquid* Traffic at Indian Ports POL Traffic Growth at Indian Ports POL Traffic at Major Ports in FY 2013 In Million MT J.N.P.T. Others 2% 2% Haldia Chennai 3% 7% Kandla 29% Kochi 8% 353 313 325 330 Paradip 272 9% Visakhapat nam Mumbai 8% 19% Mangalore 13% FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 Mumb
Slide 9: Our Liquid Logistics Business
Our Liquid Logistics Business Third Party Logistics (3 PL) for over fifty Petroleum, Oil and Chemical Products Facilities at Mumbai, Kochi & Haldia Ports Service Offering: – Long Term, Spot and Throughput Contracts – Unloading, Transfer through Jetty Pipelines, Store and Distribution – Customs
Slide 10: Liquid Terminal Facilities
Liquid Terminal Facilities Existing Facilities Port Capacity (KL) Trombay Mumbai 198,000 Ambapada Mumbai 75,000 Willingdon Island Kochi 51,000 Chiranjibpur Haldia 60,190* Current Expansion Location Haldia Pipavav (Phase I) 120,000 KL Capacity 60,190 KL 2,700 MT (Gas) Project Cost Rs. 51 Crs. Rs. 123
Slide 11: Liquid Division Performance
Liquid Division Performance Revenue (Rs. Crs.) Normalized EBITDA (Rs. Crs.) * 131 83.5 107 92 61.2 87 81 54.2 49.7 45.9 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 * - Normalized EBITDA – Before Forex, Hedging Related Expenses 11
Slide 12: Contents
Contents Business Overview 4 Liquid Division 8 Gas Division 13 Key Strengths & Growth Drivers 21 Financial Highlights 28 12
Slide 13: Increasing LPG Demand met by higher Imports
Increasing LPG Demand met by higher Imports Consumptions of LPG in India Imports of LPG in India In Million MT In Million MT 16.3 6.6 6.3 15.3 15.6 5.8 14.3 13.1 4.5 12.0 12.2 10.8 2.8 2.7 2.3 2.4 Aegis has market share of ~20% of LPG Imports 13 Source: Ministry of Petroleum & Natural Gas
Slide 14: Our Gas Business
Our Gas Business Gas Logistics – 3PL business : Port handling, storage and distribution services for LPG Importers – LPG Sourcing : B2B Business : Bulk LPG for Large Oil Companies Gas Distribution – Auto Gas Retailing: Distribute LPG as Auto Fuel through Gas Station Network – Commercial LPG: Dis
Slide 15: Gas Logistics
Gas Logistics Third Party Logistics (3 PL) for Bulk LPG and Propane Facilities at Mumbai & Pipavav Ports – 2 Refrigerated gas tanks at Mumbai and 2 Spherical Pressurized tanks at Pipavav – Mumbai facility is one of the largest in the Private Sector Service Offering: – Storage, Distribution & h
Slide 16: Gas Sourcing – B2B business
Gas Sourcing – B2B business Product Economies of scale Planning & Sourcing Clubbing of Cargo helps reduce shipping cost Distribution Clubbing Additional Revenue Cargo Earn a basic commission / fee for Sourcing End to End LPG Supply Storage & Handling Charges at Our Terminals Continuous S
Slide 17: Gas Distribution - B2C business
Gas Distribution - B2C business Auto Gas Retail Commercial LPG Supply Packed LPG Cylinders for Commercial & Industrial use Distributes LPG as Auto Fuel through a network of Gas stations Brand : “Aegis Puregas” Brand : “Aegis Autogas” End Users : Hotels, Restaurants & Other Commercial estab
Slide 18: Gas Division Performance
Gas Division Performance Revenue (Rs. Crs.) Normalized EBITDA (Rs. Crs.) * 4,900 95.1 4,371 85.1 3,874 60.5 46.1 42.8 1,724 224 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 * - Normalized EBITDA – Before Forex, Hedging Related Expenses 18
Slide 19: Gas Division Volume Break-up
Gas Division Volume Break-up Distribution (‘000 MT) Logistics (‘000 MT) 53 620 48 49 477 460 417 44 272 39 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 19
Slide 20: Contents
Contents Business Overview 4 Liquid Division 8 Gas Division 13 Key Strengths & Growth Drivers 21 Financial Highlights 28 20
Slide 21: Capacity at Strategic Locations
Capacity at Strategic Locations Map not to scale Existing Capacity Liquid Trombay - Mumbai 198,000 KL Ambapada - Mumbai 75,000 KL Willingdon Island- Kochi 51,000 KL Chiranjibpur – Haldia* 60,190 KL Pipavav - Gujarat 70,120 KL Gas Trombay - Mumbai 20,000 MT Haldia Pipavav Pipavav - Gujarat 2,700 MT M
Slide 22: Unique Port Infrastructure – A Key Strength
Unique Port Infrastructure – A Key Strength Liquid Gas Most of the terminals running at full capacity Owns and Operates Refrigerated Gas Terminal in Terminals located at Strategic Ports Mumbai and Spherical Pressurized Gas Terminal in Pipavav along with Jetty pipeline Mumbai, Kochi, Haldia &
Slide 23: Strong Industry Partners
Strong Industry Partners a) ASHV Gas Mahindra ap TATA TATA STEEL Q Reliance Industries Limited BHARAT OMAN REFINERIES LIMITED 9 PIAGGIO’ 23
Slide 24: Entry into new businesses…
Entry into new businesses… Marine Products Easier Souring through existing Oil Launched in January 2012 Companies relationships DG Shipping Licensee for bunker delivery Fuelling ships calling at our Terminals Deliver quality bunker fuels to ships calling Leverage existing tank farm infra
Slide 25: Key Growth Drivers
Key Growth Drivers Increase in Capacity in Liquid and Gas Business Upcoming expansion - 120,000 KL Liquid Terminal facility & 2,700 MT Gas Terminal facility at Pipavav o Early Commissioning of 70,120 KL of Liquid Terminals o Balance to be completed by H2FY2015 Strengthening Distribution network
Slide 26: Contents
Contents Business Overview 4 Liquid Division 8 Gas Division 13 Key Strengths & Growth Drivers 21 Financial Highlights 28 26
Slide 27: Key Performance Highlights
Key Performance Highlights (Rs. Cr) Q4FY14 Q3FY14 Q2FY14 Q1FY14 FY14 FY13 Revenue 1,100 1,562 1,563 806 5,031 3,982 Normalized EBITDA (Segment) 33 39 38 34 144 156 Profit after Tax 14 17 22 16 69 35 FY2014 Consolidated Revenue Up by 26% and Net Profit Up by 97% 27
Slide 28: Consolidated Profitability Statement
Consolidated Profitability Statement Rs Crs FY14 Y-O-Y % FY13 FY12 Revenue 5,031 26% 3,982 4,464 Cost of Sales 4,804 3,763 4,265 Other Expenses (Income) 83 63 60 Normalized EBITDA (Segment) * 144 -8% 156 139 Finance, Hedging & Forex related Expenses (Net) 19 62 70 Depreciation 21 19 17 Unallocated E
Slide 29: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Crs FY14 FY13 Rs. Crs. FY14 FY13 Shareholder’s Fund 349 310 Non-Current Assets 552 450 Share capital 33 33 Fixed assets 462 378 Reserves & Surplus 316 276 Non-Current Investments 10 10 Minority Interest 13 5 Other Non-Current Assets 80 61 Non-Current Liabilities 147 15
Slide 30: Dividend Track Record
Dividend Track Record Dividend 42% 27% 34% 40% 29% Payout 18.28 14.90 13.74 10.06 5.75 5.89 5.25 4.00 4.00 2.00 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 DPS EPS 30
Slide 31: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Aegis Logistics Limited Strategic Growth Advisors Pvt. Ltd. Mr. Murad Moledina, CFO Ms. Payal Dave / Mr. Jigar Kavaiya murad@aegisindia.com dpayal@sgapl.net / kjigar@sgapl.net www.aegisindia.com www.sgapl.net 31