Astral Limited · NSE:ASTRAL
Astral — Astral Poly Technik — Investor Presentation (May 2014)
65 slides from Astral's investor presentation, May 5, 2014
Slide 1: Astral Poly Technik Limited Analyst Meet
ASTRAL POLY TECHNIK LIMITED ANALYST MEET 05/05/2014
Slide 2: Agenda
AGENDA • About the Company • Scenario of Plastics • Manufacturing Facilities • Products Portfolio • Branding Activities • Financials • Key Takeaways
Slide 3: About the Company
ABOUT THE COMPANY ASTRAL POLY TECHNIK LTD. ABPL AAL APL - KENYA (100% (85% (37.5% JV SUBSIDIARY) SUBSIDIARY) COMPANY)
Slide 4: About the Company
ABOUT THE COMPANY FIRST TO RECEIVE/LAUNCH : • CPVC License from Lubrizol (1996) • Launch Lead Free PVC Pipe (2004) • NSF Certification (2007) • Lead Free Column Pipes (2012) • Bendable Pipes (2013) • BIS Certification for Blazemaster (CPVC Fire Sprinkler Pipes) (2014) APTL has 4 manufacturing locati
Slide 5: Sales Break Up
SALES BREAK UP 1% 41% CPVC 58% PVC Others
Slide 6: Board of Directors
BOARD OF DIRECTORS Position Held Person In Charge Chairman (Non Executive & Mr. K Raghunath Shenoy Independent) Managing Director Mr. Sandeep Engineer Executive Director Mrs. Jagruti Engineer Independent Director Mr. Pradip Desai Non Executive Director Mr. Kyle Thompson
Slide 7: Equity Structure – as on 31.03.2014
EQUITY STRUCTURE – AS ON 31.03.2014 18.98% 1.11% Promoter FII 16.09% DII 63.82% Others
Slide 8: Scenario of Piping Industry
SCENARIO OF PIPING INDUSTRY • Total size of Plastic Pipe Market 16,500 Cr. • Total size of Metal Pipe Market 6,000 Cr. • Plastic Pipe Industry growth 15% CAGR • Organised/Unorganised Mix 60 : 40
Slide 9: Growth Drivers of Piping Industry
GROWTH DRIVERS OF PIPING INDUSTRY • Shift from unbranded to branded pipes . • Only 40% Agri. Land under irrigation provides growth opportunities for PVC pipes. • Column Pipes additional growth provider for branded players. • Scarcity of water will provide additional growth for column pipes. • Total
Slide 10: Manufacturing and Distribution Network
MANUFACTURING AND DISTRIBUTION NETWORK Baddi Delhi Ahmedabad Depot & Dholka Plant Goa Bangalore Vijaywada Hosur Coimbatore
Slide 11: Santej, Gujarat
SANTEJ, GUJARAT
Slide 12: Santej, Gujarat
SANTEJ, GUJARAT
Slide 13: Baddi, Himachal Pradesh
BADDI, HIMACHAL PRADESH
Slide 14: Baddi, Himachal Pradesh
BADDI, HIMACHAL PRADESH
Slide 15: Dholka, Gujarat
_ DHOLKA, GUJARAT ANASTRAL A ve INNOVATION /2 ao
Slide 16: Dholka, Gujarat
DHOLKA, GUJARAT
Slide 17: Hosur, Tamilnadu
HOSUR, TAMILNADU
Slide 18: Hosur, Tamilnadu
OSUR, TAMILNADU ee ZNASTRAL ve INNOVATION flows
Slide 19: Hosur, Tamilnadu
HOSUR, TAMILNADU
Slide 20: Nairobi, Kenya (JV)
NAIROBI, KENYA (JV)
Slide 21: Our Current Tie Ups
OUR CURRENT TIE UPS ZNASTRAL ye INNOVATION flows
Slide 22: Our Product Lines
(Our Product Lines ASTRAL CORZAN ASTRAL BEN” ABLE ASTRAL FIRE SPRINKLER SYSTEMS ASTRAL ASTRAL ASTRAL ASTRAL. Aquarius | coLUMN Foamigore __ PIPE ASTRAL ASTR. ULTRADRAIN | AquasAre | CONVENTIONAL SYSTEM aa = DRAINAGE SYSTEMS ASTRALWAVIN AS | ASTRAL PLAST* ASTRAL Wire Guard Guard rst ANASTRAL ene INNO
Slide 23: New/Recent Product Launches
New/Recent Product Launches
Slide 24: For High Pressure, High Temperature and Under Slab Application
For High Pressure, High Temperature And Under Slab Application For Plumbing and Gas Distribution
Slide 25: Features & Benefits
FEATURES & BENEFITS • Multi-layer composite construction of CPVC & Aluminum • Cost-effective alternative to copper tubing • Kink resistant • Corrosion resistance • Thermal expansion coefficient slower compared to metal • Extra toughness provided by aluminum
Slide 26: CPVC Piping System for Fire Sprinklers
CPVC Piping System For Fire Sprinklers
Slide 27: Features & Benefits
FEATURES & BENEFITS • Ultra modern fire sprinkler system • Lower installation cost • Ignition resistance • Burning resistance • Low friction loss
Slide 28: For Submersible Pumps
OLUMING LUN an I FOR UNDERGROUND ol nf
Slide 29: Features & Benefits
FEATURES & BENEFITS • Column pipes for submersible pumps • Fast & easy installation • Long life • Heavy metal & lead free • Chemical resistance &corrosion resistance
Slide 30: Features & Benefits
FEATURES & BENEFITS • 100% hygienic & safe for drinking water • Specially developed stud pin lock system • Low installation costs • Efficient pumping due to low friction loss resulting in energy saving
Slide 31: PVC Pipes & Fittings for Agriculture Application
PVC Pipes & Fittings For Agriculture Application
Slide 32: Features & Benefits
FEATURES & BENEFITS • Odourless & hygienic • Corrosion resistance • Chemical resistance • Smooth bore for high flow rate • Maintenance free • Light welding & economical • Self extinguishing quality
Slide 33: Solvent Cements and Primers for CPVC and PVC Pipes
Solvent Cements and Primers for CPVC and PVC Pipes For Leakage Free Plumbing!!
Slide 34: Features & Benefits
FEATURES & BENEFITS • Cold fusion technique for bonding • NSF approved solvent cements, primers • All product meet the requirement for low VOC (volatile organic compound) • Low VOC emissions limits established by the california south coast air quality management district(SCAQMD) one of the usa's str
Slide 35: Features & Benefits
FEATURES & BENEFITS • Eco-friendly & Plumber-friendly • Reduced fumes & Odour for the comfort and well being of pipe installers • High quality performance with excellent installation properties • NSF,UPC & CSA listed
Slide 36: Conduit Pipes & Fittings for Electrical Cable
ASTRAL . Wir: Guard Conduit Pipes & Fittings For Electrical Cable ZNASTRAL where INNOVATION flows
Slide 37: Features & Benefits
FEATURES & BENEFITS • Smooth interior walls helping in easy wiring • Fire resistance • Corrosion resistance • Light weight & high mechanical strength • No maintenance & last for a lifetime • Self extinguishing quality
Slide 38: Astral Drainage Systems
Slide 39: Our Prestigious Clients
Corporate Houses wiPRO & =s... || NOKIA wD KRISHNA TA) 2 MERIDIEN Th ( q © Mf '! tempera TRIDENT Saya! I lena Reliance ESSAR” adani STEEL SCADILA pew G = f Stoo! Limited IGRASIM] Construction Houses = LODHA WH so Hiranandani Sosa Rustomjee’ GOSAFAL E22... GRR hoysale vc
Slide 40: Branding Activities
BRANDING ACTIVITIES BRANDING Outdoor Print Electronic Exhibitions
Slide 41: Branding Activities
BRANDING ACTIVITIES
Slide 42: Financials
FINANCIALS ANASTRAL
Slide 43: Sales (Rs. Mn.) – CAGR of 41%
SALES (RS. MN.) – CAGR OF 41% 12,000 10,728 10,000 8,211 8,000 6,000 5,793 4,000 4,108 2,902 1,933 2,000 969 1,358 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 44: EBITA (Rs. Mn.) – CAGR of 41%
EBITA (RS. MN.) – CAGR OF 41% 1,800 1,600 1,557 1,400 1,200 1,136 1,000 837 800 600 566 428 400 309 140 209 200 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 45: PBT (Rs. Mn.) – CAGR of 38%
PBT (RS. MN.) – CAGR OF 38% 1,200 1,014 1,000 800 779 600 504 422 400 337 200 108 194 163 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 46: PAT (Rs. Mn.) – CAGR of 36%
PAT (RS. MN.) – CAGR OF 36% 900 800 772 700 595 600 500 398 400 336 300 280 200 171 142 100 91 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 47: EPS (in Rs.)
EPS (IN RS.) 16.0 14.0 13.7 12.0 10.6 10.0 8.0 7.1 6.0 6.0 5.0 4.0 3.0 2.5 1.6 2.0 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 48: Cash Profit (Rs. Mn.) – CAGR of 36%
CASH PROFIT (RS. MN.) – CAGR OF 36% 1,200 985 1,000 800 772 600 531 443 400 366 203 204 200 113 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 49: RoACE & RoANW (in %)
ROACE & ROANW (IN %) 45 28.0 27.9 30 26.9 40 25.4 23.5 24.0 25 35 22.1 38.2 30 34.4 35.0 20 RoANW (%) RoACE (%) 16.7 25 28.2 15 20 24.5 22.3 15 18.6 18.9 10 10 5 5 0 0 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 RoACE (in %) - LHS RoANW (in %) - RHS
Slide 50: Debt/Equity Ratio
DEBT/EQUITY RATIO 0.60 0.50 0.48 0.43 0.40 0.37 0.38 0.31 0.30 0.30 0.21 0.22 0.20 0.10 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 51: Assets Turnover Ratio
ASSETS TURNOVER RATIO 3.50 2.98 3.04 2.95 3.00 2.86 2.66 2.71 2.61 2.50 2.06 2.00 1.50 1.00 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 52: Working Capital Turnover Ratio
WORKING CAPITAL TURNOVER RATIO 12.0 10.1 10.0 9.4 8.0 8.0 7.1 6.0 4.4 4.0 4.0 2.5 1.7 2.0 - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 53: Capacity Utilization (in %)
CAPACITY IN M.T. 120,000 70.0 62.9 58.4 58.4 59.3 62.2 56.1 64.1 97,164 60.0 100,000 Capacity Utilization (in %) Capacity (in Tonne) 77,212 50.0 80,000 43.0 65,496 40.0 60,000 48,432 30.0 40,000 30,867 25,968 20.0 20,000 9,074 11,800 10.0 - - FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Capacity (Mn Tonn
Slide 54: Production Vol. (M.T.) – CAGR of 42%
PRODUCTION VOL. (M.T.) – CAGR OF 42% 70,000 60,400 60,000 50,000 49,495 40,000 38,825 30,000 28,289 19,411 20,000 11,163 10,000 5,091 6,895 0 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 55: Sales, Inventory & Debtors (Rs. Mn.)
SALES, INVENTORY & DEBTORS (RS. MN.) 10,000 10,728 8,211 8,000 5,793 Sales 6,000 Inventory 4,108 Debtors 4,000 2,902 1,933 1,892 2,000 969 1,358 1,255 1,481 697 862 194 265 495 674 784 1,025 1,047 1,425 - 203 329 413 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14
Slide 56: Advanced Adhesives Limited
Advanced Adhesives Limited Particulars FY13 FY14 % change Amount (In Mn) Sales 123.8 229.9 85.6 EBIDTA 35.6 41.5 16.6 PBT 33.2 40.0 20.3 PAT 24.4 25.5 4.7
Slide 57: Capex Details (in Mn.)
CAPEX DETAILS (IN MN.) SR. NO. PARTICULARS FY 14 1 Land 243 2 Building 257 3 Plant & Machineries 437 TOTAL 937
Slide 58: Lubrizol – Competitive Advantage
Lubrizol – Competitive Advantage • Astral is the only player globally to have 4 product licenses – Flowguard, Corzan, Bendable Composite and Blaze Master. • Blaze Master, Bendable Composite and Corzan – Exclusive licensee in India. • Lubrizol is setting up a manufacturing unit for CPVC compound in D
Slide 59: Strategic Initiatives
STRATEGIC INITIATIVES • Hosur Plant - • Strategically located in South India. Will give pricing advantage to Astral by saving on freight cost. • Cost saving on logistics can be in the range of 7% - 8% on all PVC products and 3% - 4% on all CPVC products. • Can price CPVC / PVC products aggressively
Slide 60: Key Take Aways
KEY TAKE AWAYS • Average CAGR Growth in Revenue, EBDITA, PBT and PAT is more than 35% since last 8 years. • Company has a ready Capacity which can take the top line up to Rs. 17,000 Mn (57% up From Present Topline) • Company has new products such as Bendable , Blazemaster, Column Pipe, Agri etc (Tot
Slide 61: Award Recognition During 2013-14
AWARD RECOGNITION DURING 2013-14 • AMA (Ahmedabad Management Association) has conferred Mr. Sandeep Engineer as the Outstanding Entrepreneur Award for the year 2012-13 • Astral awarded Business Standard Star SME of the year- 2013 • Astral awarded Inc. India Innovative 100-for the year 2013 for smart
Slide 62: AMA - Outstanding Entrepreneur Award
AMA - OUTSTANDING ENTREPRENEUR AWARD
Slide 63: EY Entrepreneur of the Year Award - Finalist
EY ENTREPRENEUR OF THE YEAR AWARD - FINALIST
Slide 64: Astral
ANASTRAL
Slide 65: Come Flow With Us & Grow With Us - Thank You
Come Flow With Us & Grow With Us THANK YOU
Astral Poly Technik — Investor Presentation (May 2014) on 6ix