Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q4 FY23 Earnings Presentation
28 slides from Ig Petrochemicals's earnings presentation, May 22, 2023
Slide 1: Exchange filing cover letter: Investor Presentation – Regulation 30
22nd May, 2023 SECT/1042 BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Exchange Plaza Department Bandra Kurla Complex 1st Floor, P J Towers Bandra (East) Dalal Street Mumbai – 400 051 Mumbai - 400 001 Scrip Code: IGPL Scrip Code: 500199 Dear Sir, Sub: Investor Presenta
Slide 2: Investor Presentation – May 2023
Investor Presentation – May 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: Q4 & FY23 Highlights
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Slide 5: Managing Director & CEO's Message
Managing Director & CEO’s Message FY22 FY23 ““We are pleased to report the Company's highest-ever annual revenue and would like accredit the entire team for their grit and commitment. The total revenue for FY23 grew by 26 percent to Rs 2,375 crores, supported by a healthy product mix. Our Non-Phthal
Slide 6: Performance Highlights
Performance Highlights Revenue^ (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 22.2% 11.4% 22.0% 14.3% 14.2% 6.3% 14.1% 8.4% Margin 2,375 115 416 74 267 611 1,892 340 200 519 70 38 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Q4 FY22 Q4 FY23 FY22 FY23 Key Highlights • Registered a highest-ever annu
Slide 7: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business +42% YoY Growth Rs 170 Crores Rs 120 Crores Rs 54 Crores Rs 45 Crores FY20 FY21 FY22 FY23 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), Diethyl Phthalate (DEP)
Slide 8: Moving Towards Green Energy
Moving Towards Green Energy Acquisition of I G Biofuels Limited (IGBL) To Manufacture Bio-fuels • The Company proposes to venture into bio-fuels such as Compressed Biogas, Ethanol and its derivatives etc. • The Company plans to set up biomass/agro-products to CBG plants and further utilize the exist
Slide 9: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crs) Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Y-o-Y Total Revenue^ 610.9 519.1 17.7% 2,374.6 1,891.9 25.5% Raw Material 475.4 335.8 1,781.7 1,239.7 Employee Expenses 21.1 18.5 81.7 75.1 Other Expenses 45.0 49.7 171.1 161.3 EBITDA 69.5 115.1 -39.6% 339.9 415.7 -18.2% E
Slide 10: Balance Sheet
Balance Sheet Particulars (Rs. Crs) Mar- 23 Mar - 22 Particulars (Rs. Crs) Mar- 23 Mar - 22 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 709.7 733.4 Capital Work-In-Progress 232.3 18.1 Other Equity 1,199.8 1,030.3 Goodwill 2.0 2.0 Total Equity 1,230.6 1,061.
Slide 11: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Mar-23 Mar-22 Net Profit Before Tax 268.6 358.5 Adjustments for: Non-Cash Items / Other Investment or Financial Items 53.4 46.4 Operating profit before working capital changes 322.0 405.0 Changes in working capital -27.1 -217.2 Cash generated from Operations
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* > 50% Domestic Market Share of Manufacturer at Single Location 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 Crores • 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 Provision of Medical Equipments / Apparatus to Valap Health Centre Provision of Phaco Machine with accessories for Cataract Surgery, Sonography Machine, Dialysis Machine etc. to Dr. Patwardhan Hospital Contribution to OSCAR foundation to support their initiative for Football league D
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 (%) Net Debt/ Equity (x) 27% 0.23 17% 0.20 22% 14% 1
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 To set-up Downstream Derivatives plant of Cater To Increasing Diverse En
Slide 28: Thank You
For further information, please contact I G Petrochemicals Ltd Thank CIN: L51496GA1988PLC000915 Mr. Pramod Bhandari – CFO / Mr. Akash Bihani – Finance Manager Email - pbhandari@igpetro.com / abihani@igpetro.com www.igpetro.com You Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. S