Filatex India Ltd · NSE:FILATEX
Filatex India — Q2 FY2020 Earnings Presentation
32 slides from Filatex India's earnings presentation, November 2019
Slide 1: Investor Presentation November 2019
INVESTOR PRESENTATION NOVEMBER 2019 BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 | WWW.FILATEX.COM ©2019 – Filatex India Limited, All Rights Reserved
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Filatex India 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 securiti
Slide 3: Company Overview
Company Overview 2 42 ~2200 Manufacturing Countries Employees Units global exports TPA TPA 328,300 383,000 FILATEX INDIA LIMITED Production Capacity (FY 2018-19) Production Capacity (FY 2019-20) IS ONE OF INDIA’S TOP 5 MANUFACTURERS OF POLYESTER FILAMENT YARNS PRODUCTS PET Polyester Polypropylene Ch
Slide 4: Our Performance
Our Performance (₹ in Crore) NET REVENUE EBITDA PAT 85 217 2,874 1,573 79 10 FY15 FY19 FY15 FY19 FY15 FY19 F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 4
Slide 5: Timeline
Timeline Set-up a new Poly-Condensation plant of 600 1994 Commenced Production of 2012 TPD, in which capacity along with 250 TPD Mono Filament Yarns at Noida Spinning of POY and balance 350 TPD of Chips at Dahej, Gujarat Commenced production of Fully Drawn Yarns (FDY) with total capacity of 115 2016
Slide 6: Diversified Product Portfolio
Diversified Product Portfolio Narrow Woven Fabrics Polyester Chips Used in manufacture of Carpets, Rugs, Industrial intermediate product used to Tapes, Ribbons and Zippers manufacture Polyester yarns. Polypropylene Multifilament Crimp Yarns Polyester Partially Oriented Yarns (POY) Different shades a
Slide 7: Catering To Diverse End Users
Catering To Diverse End Users Home Textiles & Women Wear & Furnishings Athleisure Apparel Inner Wear Fully Drawn Yarns of Polyester are The preferred material for Polyester Filament Yarns are In these garments, feeling of being used for Home Furnishings, sportswear is Polyester Yarn. extensively use
Slide 8: Impacting Daily Lives…
Impacting Daily Lives… …through the apparels …through the stuff one wears at home toys one plays with …through the towel and office …through the body …through the car that one uses to dry warmer one wears in seats that provide oneself the winter for warmth safety while travelling …through the clothe
Slide 9: Polyester – The Preferred Fibre
Polyester – The Preferred Fibre WE BELIEVE THAT POLYESTER WILL BE FIBRE OF THE FUTURE. FILATEX HAS FOCUSED ITS FUTURE GROWTH PLANS ON POLYESTER FILAMEN T YARNS. Affordable Pricing Resistant to Stretching and Shrinking Highly Durable Stain Resistant Easy Wash Ability Faster Dryness POLYESTER High Col
Slide 10: World Fibre Production (2008-2018)
World Fibre Production (2008-2018) Source: DNFI (in 1000 MT) 2008 % 2018 % CAGR Growth CONTRIBUTION TO FIBRE GROWTH IN THE LAST DECADE Natural Fibres Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 5% 19% Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887) Total Natural 30,555 40.69 32,204 28.93
Slide 11: Our Process
Our Process Purified Terephthalic Mono Ethylene Acid (PTA) Glycol (MEG) Polyester Partially Oriented Fully Drawn Chips Yarn (POY) Yarn (FDY) Drawn Textured Yarn (DTY) F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 11
Slide 12: Production Process Flowchart – Post Expansion
Production Process Flowchart – Post Expansion RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT PTA MEG PTA MEG POY Partially Oriented Yarns DTY Draw Texturizing Yarns FDY Fully Drawn Yarns TIO2 PTA Paste Tank PTA Paste Tank BASO4 730 TPD 320 TPD ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -1 EST
Slide 13: Growth Drivers
Growth Drivers Favourable Demographics Hike in Import Duty ▪ Increasing disposable income and rapid urbanization is likely to result ▪ Import tax on more than 300 textile products doubled to 20% in growing demand for daily wear, casual wear, sportswear & other that will help improvement in utilizati
Slide 14: Geographical Presence
Geographical Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia ItalySlovenia Azerbaijan New Delhi Facilities Portugal Spain Uzbekistan Turkey Iran South Korea Dadra & Nagar Havelli (UT) Dominican Greece Morocco T
Slide 15: Certifications
Certifications ISO ISO BS OHSAS OEKO-TEX 9001 : 2015 14001 : 2015 18001 : 2007 STANDARD 100 F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 15
Slide 16: Awards
Awards Asia Pacific Entrepreneurship Awards – Best Company Award - Fortune – The Next 500 Corporate Excellence Manufacturing F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 16
Slide 17: Board of Directors
Board of Directors Mr. Madhu Sudhan Bhageria Mr. Purrshottam Bhaggeria Mr. Madhav Bhageria Mr. Ashok Chauhan Chairman & Managing Director Joint Managing Director Joint Managing Director Executive Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director
Slide 18: Production Capacities
Production Capacities PRODUCTION CAPACITIES -FY 2019-20 Net Capacity (Post Expansion Net of Captive) Products (MTPA) Production Captive Net %age Polyester Chips - Semi Dull 50,400 21,600 28,800 7.5% 0.6% 7.5% Polyester Chips - Bright 36,000 13,000 23,000 6.0% 19.5% 6.0% Polyester POY - Semi Dull 1,8
Slide 19: Production Split by Volume
Production Split by Volume FY18 FY19 Polyester Chips - Semi Dull Polyester Chips - Bright 1% 10% 2%1% 15% 19% 1% Polyester POY - Semi Dull 24% 1% Polyester POY - Bright 18% Polyester DTY - Semi Dull 2,21,422 2,79,595 1% TPA 23% Polypropylene POY - Semi Dull TPA 1% 19% 3% Polypropylene DTY Polyester
Slide 20: Quarterly Results Summary (QoQ)
Quarterly Results Summary (QoQ) (₹ in Crore) NET REVENUE EBITDA PAT 51.4 52.3 61.8* 696.8 680.2 (2.4)% 20.0 Q1 FY20 Q2 FY20 Q1 FY20 Q2 FY20 Q1 FY20 Q2 FY20 YARN (MTPA) CHIPS (MTPA) * The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as i
Slide 21: Quarterly Results Summary (YoY)
Quarterly Results Summary (YoY) (₹ in Crore) NET REVENUE EBITDA PAT 718.3 64.8 61.8 680.2 52.3 20.3 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 YARN (MTPA) CHIPS (MTPA) • We have maintained high capacity utilization and increased production 8,575 during this quarter despite challenging 80,220 ec
Slide 22: Half-Yearly Results Summary
Half-Yearly Results Summary (₹ in Crore) NET REVENUE EBITDA PAT* 1,422.5 1,377.0 121.6 81.9* (3.2)% 103.7 40.4 H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1FY19 H1 FY20 YARN (MTPA) CHIPS (MTPA) * The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as
Slide 23: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated (₹ in Crore) NET REVENUE EBITDA 216.6 2,874.1 156.5 1,927.6 133.2 1,572.8 1,551.0 1,278.2 87.5 78.9 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 PBT PAT 128.8 85.0 92.7 59.7 54.3 40.5 32.7 26.3 14.4 9.6 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18
Slide 24: Operational Performance
Operational Performance TOTAL PRODUCTION (MTPA) EXPORTS (₹ IN CRORE) 32,054 431.6 378.9 33,559 300.3 24,601 47,053 29,072 2,47,541 1,87,863 1,65,344 1,22,658 1,30,039 102.1 92.0 FY15 FY16 FY17 FY18 FY19 Yarn Volume (MTPA) Chips Volume FY15 FY16 FY17 FY18 FY19 F ILATEX INDIA LIMITED – INVESTOR PRESEN
Slide 25: Profit & Loss (Q2FY20)
Profit & Loss (Q2FY20) (INR in Crore) Q2 FY20 Q1 FY20 QoQ % Q2 FY19 YoY % Net Revenue from operations (Net of Taxes) 680.2 696.8 (2.4)% 718.3 (5.3)% Other income 2.2 3.2 (32.0)% 2.0 8.4% Total Revenue 682.4 700.0 (2.5)% 720.4 (5.3)% Total Expenses 649.3 669.2 (3.0)% 691.9 (6.2)% Cost of materials co
Slide 26: Profit & Loss (H1FY20)
Profit & Loss (H1FY20) (INR in Crore) H1 FY20 H1 FY19 YoY % FY19 Net Revenue from operations (Net of Taxes) 1377.0 1422.5 (3.2)% 2874.1 Other income 5.4 3.4 57.3% 11.8 Total Revenue 1382.5 1426.0 (3.1)% 2885.9 Total Expenses 1318.5 1366.5 (3.5)% 2757.3 Cost of materials consumed 1138.0 1200.8 (5.2)%
Slide 27: Profit & Loss - Consolidated
Profit & Loss - Consolidated (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Net Revenue from operations (Net of Taxes) 1,572.8 1,278.2 1,551.0 1,927.6 2,874.1 Other income 9.7 10.7 12.1 11.1 11.8 Total Revenue 1,582.5 1,288.9 1,563.2 1,938.7 2,885.9 Total Expenses 1,568.1 1,263.3 1,505.4 1,8
Slide 28: Balance Sheet – Assets (Consolidated)
Balance Sheet – Assets (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Non-Current Assets 409.4 525.4 665.9 962.0 1,017.8 Property, plant and equipment 390.6 492.3 628.4 944.5 927.9 Capital work-in-progress - 18.0 5.7 6.4 71.5 Other Intangible Assets - 0.1 0.2 0.4 0.66 Financia
Slide 29: Balance Sheet – Equity & Liabilities (Consolidated)
Balance Sheet – Equity & Liabilities (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 EQUITY 170.3 209.5 325.0 385.4 472.1 Equity Share capital 32.0 32.0 43.5 43.5 43.5 Other equity 138.3 164.6 281.5 341.9 428.6 Money received against share warrants - 12.9 LIABILITIES 546.2 671.
Slide 30: Future Strategy
Future Strategy Increase Focus on Exports Captive Power Plant With new texturizing machines coming in, exports The Company is planning to set up of 31.4 MW of the company will increase and lead to an captive power plant (30 MW Thermal and 1.4 MW increase in the overall margins of the company on Sola
Slide 31: Shareholder Information
Shareholder Information STOCK DATA (AS ON 30 TH SEPTEMBER 2019) SHAREHOLDING PATTERN (AS ON 30 TH SEPTEMBER 2019) 5% Promoters Non-Institution 36% Institution 59% STOCK PRICE PERFORMANCE (REBASED TO 100) Filatex Sensex 140 100 60 01-Oct-18 10-Nov-18 20-Dec-18 29-Jan-19 10-Mar-19 19-Apr-19 29-May-19
Slide 32: For more information, Please contact
For more information, Please contact Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi –110025 Ph: +91-11-26312503 Fax: +91-11-26849915 Email: secretarial@filatex.com BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 Bhageria House, 4