Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (May 2022)
30 slides from Indraprastha Gas's investor presentation, May 2022
Slide 1: Indraprastha Gas Limited: An Overview
Indraprastha Gas Limited An Overview May 2022
Slide 2: Background
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers. Today IGL has its
Slide 3: Shareholding Pattern As on 31 March 2022
Shareholding Pattern As on 31 March 2022 % HOLDING Promoters - 45% (GAIL-22.5% & BPCL- 22.5%) 13% Government of NCT of Delhi - 5% 1% 8% 8% 45% Foreign Institution Investors - 20% 20% 5% Mutual Funds - 8% Indian Financial Institutions & Banks - 1% Insurance Companies - 8% Public / Others - 13% 3
Slide 4: Management
Management IGL Board is fairly well diversified with ten members including two each from GAIL and BPCL, one from Govt. of Delhi and five independent directors. The company is beneficiary of its strong parentage and gets significant support from GAIL and BPCL relating to operations and management. By
Slide 5: Areas of Operation
Areas of Operation Delhi: National capital of India has huge demand potential: - Where public transport vehicles have to necessarily run on CNG in view of the directions of the Hon. Supreme Court of India. - Has the highest number of private cars compared to any other city of India. - Thickly popula
Slide 6: New Geographical Areas
New Geographical Areas Rewari: IGL was authorized for Rewari geographical area in the 6th round of bidding by PNGRB. IGL has commissioned twenty five CNG stations in the GA and sale of PNG to Domestic households. Gurugram: IGL is also laying infrastructure in Gurugram. The permission has been given
Slide 7: Current Sales Volume Mix (%)
Current Sales Volume Mix (%) Comm./ Ind. 13% Sale to other CGD Cos. 7% Residential 7% CNG 73% 7
Slide 8: Sales Volumes
Sales Volumes Figures in MMSCM FY’17 FY’18 FY’19 FY’20 FY’21 FY’22 CNG 1,269 1,412 1,602 1,738 1,357 1847 PNG 406 479 553 619 587 704 Total Sale 1,675 1,891 2,155 2,357 1,944 2551 Daily Average Sale 4.59 5.18 5.91 6.44 5.33 6.99 8
Slide 9: Sales Volumes
Sales Volumes 1847 704 1738 1602 619 587 1412 1357 553 1269 479 406 CNG (MMSCM) PNG (MMSCM) FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 2551 6.99 2357 6.44 2155 5.91 1944 5.18 5.33 1891 1675 4.59 Total Sale (MMSCM) Daily Average Sale (MMSCMD) FY'17 FY'18 FY'19 FY'20 FY'21
Slide 10: Volume Trends
Volume Trends (FY’17 to FY'22) (All figures in MMSCMD) 6.99 0.47 6.44 0.14 0.49 5.91 0.82 0.16 0.50 0.66 5.33 5.18 0.15 0.50 0.37 0.45 0.54 0.38 0.09 4.59 0.13 0.33 0.69 0.38 0.43 0.12 0.30 0.46 0.35 0.26 5.06 4.75 4.39 3.87 3.72 3.48 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22
Slide 11: Gas Sourcing
Gas Sourcing Firm allocation from Govt. of India of domestic gas for the entire consumption of CNG and PNG Domestic segment. Lower prices of domestic gas makes the economics of switching to gas more attractive driving growth in CNG & PNG- Domestic segments which constitute around 80% of the total sa
Slide 12: Current Gas Mix (%)
Current Gas Mix (%) Non-APM 34% RLNG 29% APM 38% Based on data of quarter 4 of financial year 2021-22 12
Slide 13: Growth in CNG
Growth in CNG Financial Year March’17 March’18 March’19 March’20 March’21 March’22 CNG Stations 421 446 500 555 612 711 (Cumulative Nos.) Sale (Lakh kg) 9,213 10,180 11,439 12,324 9,575 13,071 Sale (Lakh 25.24 27.89 31.34 33.67 26.23 35.81 kg/day) 13
Slide 14: Growth in CNG
Growth in CNG 711 13071 12324 612 11439 555 10180 500 9213 9575 421 446 No. of CNG Stations Sales in Lakh kg March'17 March'18 March'19 March'20 March'21 March'22 March'17 March'18 March'19 March'20 March'21 March'22 35.81 33.67 31.34 27.89 25.24 26.23 Sales in Lakh kg/day March'17 March'18 March'19
Slide 15: CNG Station Network
CNG Station Network Figures in numbers Station IGL DTC/ OMC DODO Total UPSRTC Online 144 79 333 32 588 Daughter Booster 1 0 70 3 74 Daughter 0 0 48 0 48 LNG 1 0 0 0 1 Total 146 79 451 35 711 15
Slide 16: CNG Vehicles
CNG Vehicles (Figures in Nos.) 26,760 27,284 362,755 26,150 24,850 318,860 22,900 294,900 304,700 306,570 21,500 277,972 Buses Auto/ LGV/ RTV March'17 March'18 March'19 March'20 March'21 March'22 March'17 March'18 March'19 March'20 March'21 March'22 1,361,913 971,874 1,204,790 859,170 1,087,450 1,12
Slide 17: PNG Connections
PNG Connections 20.6 16.85 13.75 11.02 8.92 7.42 Domestic (Lakhs) March'17 March'18 March'19 March'20 March'21 March'22 7,720 6,687 5,566 4,337 3,593 2,870 Industrial/ Commercial (Nos.) March'17 March'18 March'19 March'20 March'21 March'22 17
Slide 18: PNG Network
PNG Network (Figures in kilometers) 17,240 1,571 15,262 1,265 13,455 1,150 12,023 1,006 10,755 919 9,940 778 Steel Pipeline MDPE Pipeline March’17 March’18 March’19 March’20 March’21 March’22 March’17 March’18 March’19 March’20 March’21 March’22 18,811 16,527 14,605 13,029 11,674 10,718 Total March’
Slide 19: Standalone Financial Data (Rs./ Crores)
Standalone Financial Data (Rs./ Crores) 8,443 1,316 7,131 * 1,135 6,337 1,005 5,409 4,994 786 4,164 671 570 Gross Turnover Total Comprehensive Income FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 41 209 # 19 # 99 #* 16 # 84 # 14 #* 72 # 11 #50 # 59 # 10 EPS (Rs./share) Book
Slide 20: Cumulative Capex (Rs. in Crores)
Cumulative Capex (Rs. in Crores) 8,777 7,323 6,312 5,259 4,521 3,991 3,654 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 20
Slide 21: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years % of face Year value of FY 17 share 85 FY 18 100 FY 19 120 FY 20 140 FY 21 180 FY 22 275* *Proposed for FY 22 21
Slide 22: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) at a price of Rs. 23 per equity share aggregating to Rs.68 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquired 50% equ
Slide 23: Consolidated Results
Consolidated Results The standalone and consolidated financial results for the year ending March 22 with the Associates i.e. CUGL & MNGL on equity method considering 50% share in profit are as under: Parameter Unit Standalone Consolidated Total Comprehensive Income Rs. in Crores 1316 1504 EPS Rs./Sh
Slide 24: Future Outlook
Future Outlook Approximately Rs.1600 Crores of capex is planned for the financial year 2022-23. The Capex covers existing GA of Delhi NCR and other GAs allotted to the company. Approx. 125 CNG stations are planned to be commissioned during the FY 2022-23. The company is making efforts to increase ga
Slide 25: Future Outlook
Future Outlook Company is actively looking for growth avenues and is open for organic/inorganic growth opportunities. The company is also looking for opportunities to diversify in other areas. Presently 5 number of long route CNG buses with Type 4 cylinders are running in a pilot project with a stat
Slide 26: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Zero debt company. Comfortable working capital position. ICRA Limited (An associate of Moody’s Investors Service) & Care Ratings Ltd. has reaffirmed highest credit ratings of AAA (Stable) for bank facilities . 26
Slide 27: Risk & Mitigations
Risk & Mitigations Gas price • CNG & PNG-Residential prices remains competitive vis-à-vis petrol and subsidized LPG in view of allocation of domestic gas. Sourcing of gas • Firm allocation from Govt. of India for domestic gas – buying from GAIL. • Buying Long term TRLNG gas from GAIL/BPCL. 27
Slide 28: DDA Case
DDA Case Delhi Development Authority (DDA) has raised a total demand of ₹155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up CNG stations in Delhi. The increase in license fees was related to the period 1 April
Slide 29: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of
Slide 30: Thank You
Thank You 30