Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — FY2021 Earnings Presentation
24 slides from Ig Petrochemicals's earnings presentation, May 25, 2021
Slide 1: Exchange filing cover letter under Regulation 30
25th May, 2021 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 Presenta
Slide 2: IG Petrochemicals Limited Investor Presentation – May 2021
IG Petrochemicals Limited Investor Presentation – May 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by I G Petrochemical 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 sec
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Stellar Performance
Stellar Performance Highest Ever Quarterly & Annual EBITDA and PAT Key Highlights Q4FY21 Performance FY21 Performance • Demand for Phthalic Anhydride & Maleic Anhydride was high both in domestic as well International Markets Total Revenue^ Rs 425 Cr 57% Rs 1,127 Cr 6% growth on YoY basis • Revenue f
Slide 6: Strong Financial Returns
Strong Financial Returns Revenue^ (Rs. Cr) EBITDA PAT 6.6% 34.3% 1.5% 23.5% Margin 57% +715% +2,425% 425 146 100 270 18 4 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 7.3% 26.8% 2.0% 16.7% 6% 287% 801% 1,065 1,127 302 188 78 21 FY20 FY21 FY20 FY21 FY20 FY21 On Consolidated Basis ^ Includes Other Income
Slide 7: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Cr) Q4FY21 Q4FY20 Y-o-Y FY21 FY20 Y-o-Y Total Revenue ^ 425.3 270.4 57% 1,126.9 1,064.8 6% Total Raw Material 225.0 214.5 651.4 817.2 Employee Expenses 25.5 16.2 70.7 60.2 Other Expenses 29.1 21.8 102.9 109.6 EBITDA 145.7 17.9 715% 301.9 78.1 287% EBITDA Marg
Slide 8: Balance Sheet
Balance Sheet Particulars (Rs. Cr) Mar-21 Mar – 20 Particulars (Rs. Cr) Mar– 21 Mar – 20 Non-Current assets Equity Property, Plant and Equipment 698.3 467.0 Equity Share Capital 30.8 30.8 Capital Work-In-Progress 131.9 339.5 Other Equity 791.2 601.9 Goodwill 2.0 2.0 Other Intangible Assets 0.3 2.4 T
Slide 9: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Mar-21 Mar-20 Net Profit Before Tax 252.6 31.9 Adjustments for: Non Cash Items / Other Investment or Financial Items 46.2 37.3 Operating profit before working capital changes 298.9 69.2 Changes in working capital (52.9) 22.1 Cash generated from Operations 24
Slide 10: Historical Financial Highlights
Historical Financial Highlights Total Revenue ^ (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 1,311 1,148 1,127 1,040 1,065 302 188 271 234 146 167 117 101 78 21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 EBITDA Margin (%) PAT Margin (%) 26.8% 23.7% 16.7% 17.9% 12.8% 16.1% 9.
Slide 11: Key Ratios
Key Ratios Net Debt/ Equity (x) Return on Equity(%) 0.26 27.7% 0.24 25.8% 22.9% 18.6% 0.13 0.10 0.09 3.3% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Return on Capital Employed(%) Net Working Capital Days 40.8% 34 35 31.7% 28 28 25.4% 27.6% 11 5.7% FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20
Slide 12: Company Overview
X14) URE EEET TTT} NULAGWTT ua) Company Overview
Slide 13: India's Largest Phthalic Anhydride (PAN) Manufacturer
India’s Largest Phthalic Anhydride (PAN) Manufacturer 1988 Largest Lowest INCORPORATED IN THE YEAR PAN* MANUFACTURER IN COST PRODUCER OF PAN INDIA 20+ 3rd Largest ISO Certified END USER INDUSTRIES PAN MANUFACTURER IN THE ISO 9001:2008 SERVED WORLD ISO 14001:2004 Largest >50% 2.22 Lakh MTPA MAN* MANU
Slide 14: Our State of the Art Manufacturing Facilities
Our State of the Art Manufacturing Facilities VISION “To be a well-diversified chemicals company with a leadership position in Phthalic Anhydride Industry’’ Plants are engineered with Technical collaboration with Lurgi Gmbh, Germany and are designed on the low energy-based processes The company has
Slide 15: Integrated Manufacturing Process
Integrated Manufacturing Process PA I PA III PA II PA IV Turbine/Generator Turbine/Generator Turbine/Generator Turbine/Generator /Blower /Blower /Blower /Blower Air Orthoxylene Air Orthoxylene Air O-Xylene Air Orthoxylene Reactor Reactor Reactor Reactor Steam PA (Gases) Steam PA (Gases) PA (Gases) S
Slide 16: Our Manufacturing Capacities of PAN
Our Manufacturing Capacities of PAN Phthalic Anhydride (PAN) Capacity (MTPA) 125+ Clients 222,110 De-bottlenecking 169,110 53,000 ~55% 116,110 Revenue contribution from Paints, Plasticizer & 53,000 53,000 CPC Pigments Industries 63,110 45,000 53,000 53,000 53,000 18,110 18,110 18,110 18,110 20+ End
Slide 17: Serving 20+ End User Industries
Serving 20+ End User Industries Plasticizers Alkyd Resins & Paints Unsaturated Polyester Resin CPC Pigments • Used in manufacturing of • Paints • Thermostat for manufacturing • Inks poly vinyl chloride (PVC) • Lacquers of ͤfiberglass reinforced plastics • Photovoltaic cells products • Dyes insect re
Slide 18: 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 Shri Shyam Sundar Dhanuka. company since 1998. In cha
Slide 19: Investing In Growth
Investing In Growth
Slide 20: Capacity Expansion & Strategies
Capacity Expansion & Strategies Post PA 4 Plant Expansion (MTPA) Commissioned Phthalic Anhydride Maleic Anhydride Benzoic Acid +31.3% +17.8% +30% PA 4 Plant 2,22,110 7,660 1,300 6,500 1,160 1,000 300 1,69,110 53,000 • Project Cost : Rs 345 Crore • Loan : Rs 125 Crore (ECB) • PAN Capacity of 53,000 M
Slide 21: Size of Opportunities
Size of Opportunities Infrastructure Development Product Phthalic Anhydride (PAN) Maleic Anhydride (MAN) Higher private and government spending on social and industrial infrastructure leading to Strong & Constant domestic demand for the Products Indian Market Size ~4,50,000 – 4,75,000 MTPA ~70,000 -
Slide 22: Strong Operating Cash Flow
Strong Operating Cash Flow Net Debt (Rs in Cr) 164 150 74 Our Total Repayment of long term 52 52 Debt was Rs 57 Cr FY17 FY18 FY19 FY20 FY21 Net Cash Flow Operating Activities (Rs in Cr) 201 183 139 94 84 Positive Operating Cash Flow 2017 2018 2019 2020 2021 On Consolidated Basis 21
Slide 23: Way Forward
Way Forward High Capacity Utilization Cater To Increasing & Recovery Process To To Complete Diverse End-user Drive Efficiencies And Greenfield Project Industries Of PAN Cost Reduction 04 06 02 05 01 03 To Commission New Diversification Into Increase International Downstream Advanced Downstream & Oth
Slide 24: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Mr. Pramod Bhandari - CFO pbhandari@igpetro.com www.igpetro.com Thank Strategic Growth Advisors Pvt. Ltd. You CIN - U74140MH2010PTC204285 Mr. Shrikant Sangani Email - shrikant.sangani@sgapl.net +91 9619595686 w