Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q2 FY24 Earnings Presentation
28 slides from Ig Petrochemicals's earnings presentation, Nov 7, 2023
Slide 1: Exchange covering letter under Regulation 30
7th November, 2023 SECT/1042 BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza 1st Floor, P J Towers Bandra Kurla Complex Dalal Street Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 500199 Scrip Code: IGPL Dear Sir, Sub: Investor Pres
Slide 2: Investor Presentation – November 2023
Investor Presentation – November 2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by I G Petrochemicals 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 se
Slide 4: Q2 & H1 FY24 Highlights
Q2 & H1 FY24 Highlights
Slide 5: Q2 & H1FY24 Performance Highlights
Q2 & H1FY24 Performance Highlights Revenue^ (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) Margin 16.0% 6.6% 17.4% 9.3% 9.6% 2.0% 11.0% 4.3% 575 1,239 91 1,239 55 137 509 1,072 1,072 33 46 10 Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24 Q2FY23 Q2FY24 H1FY23 H1FY24 Key Highlights • The total rev
Slide 6: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business Rs 170 Crs Rs 120 Crs Rs 83 Crs Rs 54 Crs Rs 45 Crs FY20 FY21 FY22 FY23 H1 FY24 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), Diethyl Phthalate (DEP) & Others D
Slide 7: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crs) Q2 FY24 Q2 FY23 Y-o-Y H1 FY24 H1 FY23 Q-o-Q Total Revenue^ 509.1 574.8 -11.4% 1,071.7 1,239.2 -13.5% Raw Material 412.1 419.1 843.5 898.3 Employee Expenses 18.9 20.4 41.4 40.7 Other Expenses 44.8 44.2 87.0 84.8 EBITDA 33.26 91.07 -63.5% 99.8 215.3 -53.6%
Slide 8: Balance Sheet
Balance Sheet Particulars (Rs. Crs) Sep- 23 Mar- 23 Particulars (Rs. Crs) Sep- 23 Mar- 23 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 695.9 709.7 Capital Work-In-Progress 296.1 232.3 Other Equity 1,214.8 1,199.8 Goodwill 2.0 2.0 Total Equity 1,245.6 1,230.6
Slide 9: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Sep- 23 Sep- 22 Net Profit Before Tax 62.2 183.5 Adjustments for: Non-Cash Items / Other Investment or Financial Items 21.0 13.2 Operating profit before working capital changes 83.2 196.7 Changes in working capital 28.0 37.0 Cash generated from Operations 11
Slide 10: Strong Operating Cash Flow
Strong Operating Cash Flow Net Debt* (Rs in Crs) 126 70 -11 -12 Net Cash Company since last 3 years -94 -235 FY18 FY19 FY20 FY21 FY22 FY23 Net Cash Flow Operating Activities (Rs in Crs) 233 201 183 139 109 Robust Operating Cash Flow 84 FY18 FY19 FY20 FY21 FY22 FY23 On Standalone Basis *Net Debt calc
Slide 11: Aerial view of PA-5 Construction under progress
Aerial view of PA-5 Construction under progress Total project cost is Rs 350 crs, spent till September 2023 total cost of Rs 300 crs. 10
Slide 12: Company Overview
Company Overview
Slide 13: Company Snapshot
Company Snapshot India’s only Incorporated in 1988 Maleic Anhydride* Manufacturer World’s Largest PAN* Manufacturer at Single Location > 50% Domestic Market Share of India’s Largest PAN* Phthalic Anhydride Manufacturer 20+ End User Industries Served PAN* Capacity 2.22 Lakh MTPA ISO Certified Lowest
Slide 14: Phthalic Anhydride Overview
Phthalic Anhydride Overview PAN is a versatile intermediate in organic chemistry and a downstream product of a basic petrochemical, Orthoxylene (Ox). It is used as an intermediate to produce Plasticizers, Unsaturated Polyster Resins, and Alkyd Resins & Polyols. It finds application in both consumer
Slide 15: Diversification Into Non-Phthalic Anhydride Products
Diversification Into Non-Phthalic Anhydride Products Maleic Anhydride Benzoic Acid Diethyl Phthalate (DEP – Advance Plasticizers) Current Capacity Downstream › Phthalic Anhydride – 2,22,110 MTPA Speciality › Maleic Anhydride – 7,660 MTPA Derivatives Biofuels such as › Benzoic Acid – 1,000 MTPA compr
Slide 16: Proximity to Western Belt of India
Proximity to Western Belt of India VISION “To be a well-diversified chemicals company with a leadership position in Phthalic Anhydride Industry’’ Plants are engineered in Technical collaboration with Lurgi Gmbh, Germany and are designed on the low energy-based processes The Company has a distinct so
Slide 17: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities World’s Largest PAN Manufacturer at Single Location Undertaken Significant Process Enhancement Initiatives along with capacity expansions and product diversification Six-sigma quality control processes and ERP systems across the organization Steam generated
Slide 18: Diversified End-User Industry
Diversified End-User Industry 20+ Phthalic End User Anhydride Plasticizers Alkyd Resins & Paints Unsaturated Polyester Resins CPC Pigments Industries Maleic Anhydride Lubricant Additive Agro Chemicals Plastics Unsaturated Polyester Resins 120+ Clients Benzoic Acid Perfume Insect Repellent Speciality
Slide 19: High Focus on Capacity Expansion
High Focus on Capacity Expansion Capacity Post PA 5 Expansion (MTPA) Phthalic Anhydride Maleic Anhydride Benzoic Acid 2,75,110 9,160 1,250 2,22,110 53,000 7,660 1,500 250 1,000 Pre PA5 FY24e Pre PA5 FY24e Pre PA5 FY24e PA 5 Plant (Brownfield Expansion) • Project Cost : ~Rs. 350 Crs • Capacity PAN :
Slide 20: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 India’s Significant We are the We produce MAN We have Lower We are well prepared Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for to capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 21: Led by Healthy Demand
Led by Healthy Demand Paints & Resins Plasticizers Specialty Chemicals Medical Device Synthetic Leather Lubricants Building & Cables & Wires Construction Packaging Films Personal Care Perfumes & Fragrance Construction Sustainable Growth Infrastructure Development Make in India Push Increase in Consu
Slide 22: Sustainability of Operations
Sustainability of Operations • A full-fledged Effluent Treatment Plant (ETP) to treat all types of effluent generated from manufacturing plants ETP • Segregated effluent streams like low COD streams & High COD/TDS streams • A centrifuge and filter press to treat hazardous waste/sludge in a disposabl
Slide 23: CSR Initiatives
CSR Initiatives Association with Saraswati Shishu Mandir Trust for the construction of School in Vrindavan which was named after the Co-founder of the Company Late Shri Shyam Sunder Dhanuka. The school was completed during the year and started functioning in early 2023 for pre-primary and primary se
Slide 24: Board of Directors
Board of Directors Shri M M Dhanuka Shri Nikunj Dhanuka Non-executive Chairman Managing Director & CEO Background : B.E. (Chem) and a founder member of the Background : Management Graduate and is associated with the Company along with his brother Late Shri Shyam Sunder Company since 1998. In charge
Slide 25: Financial Highlights
Financial Highlights
Slide 26: Financial Trends
Financial Trends Total Revenue ^ (Rs. Crs) EBITDA ^ (Rs. Crs) PAT (Rs. Crs) 2,375 1,892 416 267 340 200 1,311 303 190 1,065 1,128 234 117 78 21 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA Margin (%) PAT Margin (%) 27% 22% 17% 14% 18% 14% 9% 8% 7% 2% FY19 FY20 FY
Slide 27: Way Forward
Way Forward To Complete To ramp-up New Downstream Advance Brownfield PA-5 Project Plasticizers (DEP) Capacity High Capacity Utilization & Recovery Process Increase International Presence To Drive Efficiencies And Cost Reduction Cater To Increasing Diverse End-user To set-up Downstream Derivatives In
Slide 28: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Ms. Preeti Maurya – Sr. Finance Manager Email - pbhandari@igpetro.com / pmaurya@igpetro.com www.igpetro.com You Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285