Aegis Logistics Limited · NSE:AEGISLOG
Aegis Logistics — Investor Presentation (May 2023)
42 slides from Aegis Logistics's investor presentation, May 2023
Slide 1: Investor Presentation FY 2023
Investor Presentation FY 2023 AEGIS LOGISTICS LTD. May 2023
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Logistics 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 secu
Slide 3: Contents
Contents Vision & Mission 4 Aegis at a Glance 5 FY23 Highlights 6 Robust Profits Growth 7 Key Events 9 Liquid Division 10 Gas Division 12 Sustainable Business Pillars 16 Aegis Team 17 Corporate Governance 18 Diverse Business Relationships 19 Key Joint Venture Partners 20 Strategy 21 Necklace of Term
Slide 4: Vision & Mission
Vision Mission To support India’s transition towards To store and distribute bulk liquids and a more sustainable future. gases in a safe, sustainable manner. INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 4
Slide 5: Aegis at a Glance
Aegis at a Glance Liquid Division Gas Division Third Party Liquid Logistics (3PL) Third Party Gas Logistics (3PL) EPC Services Gas Distribution Gas Sourcing INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 5
Slide 6: FY23 Highlights
FY23 Highlights INVESTOR PRESENTATION: FY2023
Slide 7: FY23: Robust Profit Growth
FY23: Robust Profit Growth EARNINGS PER SHARE PROFIT BEFORE TAX LIQUIDS DIVISION Rs. 13.19 Rs. 645 Cr. New capacity from acquisitions, volume and revenue growth, and 29% GROWTH 37% GROWTH capacity expansion GAS DIVISION EBITDA PROFIT AFTER TAX Record distribution volumes and growing gas logistics vo
Slide 8: FY23: Robust Profit Growth
FY23: Robust Profit Growth Highest-ever EBITDA for Gas & Liquids Highest-ever PAT Highest-ever EPS DRIVEN BY Highest-ever LPG distribution volumes Highest-ever Logistics volumes Highest-ever Liquids revenue INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 8
Slide 9: FY23: Key Events
FY23: Key Events 1. Completed Aegis-Vopak Joint Venture 2. Executed important acquisition of 550,000 KL of Liquids capacity at Kandla port 3. Kandla LPG terminal fully operational 4. Entry into JNPT port with 110,000 KL Liquids Terminal as first step 5. Connection to LPG pipelines (KGPL and JLPL) se
Slide 10: Liquid Division
Business Performance Liquid Division INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 10
Slide 11: Liquids: Continued Growth
Liquids: Continued Growth Revenue EBIDTA* 450 300 418 271 400 250 350 300 200 Rs. in Cr. Rs. in Cr. 250 150 200 150 100 100 50 50 0 0 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 *Normalized EBITDA: before Forex, hedging-related expenses INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL
Slide 12: Gas Division
Business Performance Gas Division INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 12
Slide 13: Volumes Exceed 3m Tons
Volumes Exceed 3m Tons KANDLA HALDIA MUMBAI PIPAVAV Kandla registers strong growth Haldia volumes normalised Mumbai continues to operate at full The rail gantry at Pipavav continues to in volumes capacity with IOC, HPCL and BPCL all perform well, delivering considerable bringing in imports cost savi
Slide 14: LPG Distribution Drives Volume Growth
LPG Distribution Drives Volume Growth 600 494 500 209% 400 YoY ‘000 MT 300 200 100 0 FY19 FY20 FY21 FY22 FY23 INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 14
Slide 15: Record Gas Division EBITDA
Record Gas Division EBITDA* 600 532 500 400 Rs. in Cr. 300 200 100 *Normalised EBITDA Before Forex, Hedging Related Expenses 0 FY19 FY20 FY21 FY22 FY23 INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 15
Slide 16: Sustainable Business Pillars
Sustainable Business Pillars INVESTOR PRESENTATION: FY2023
Slide 17: Aegis Team
Aegis Team MANAGEMENT TEAM EXPERIENCED & ENGAGED BOARD Raj K. Chandaria Deepak Dalvi Raj K. Chandaria Chairman & Managing Director Jt. President & AVTL Director R.K. Singh Sudhir Malhotra Lars Schaumann Chief Executive Officer Chief Operating Officer, AVTL Tasneem Ali Murad Moledina Marina Surzhenko
Slide 18: Corporate Governance
Corporate Governance Separate Chairman and CEO 5 out 9 Directors are Independent 8 out of 9 Directors are Non-Executive Board members have relevant industry experience (oil & gas, chemicals, ports, branding) Subsidiary Boards have experienced board members from JV partners, Vopak, and Itochu INVESTO
Slide 19: Diverse Business Relationships
Diverse Business Relationships The brand names mentioned are the property of their respective owners and are used here for identification purpose only INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 19
Slide 20: Key Joint Venture Partners
Key Joint Venture Partners Global knowledge of gas sourcing Additional management bandwidth and shipping Technical expertise on new products Experienced board members on Subsidiary Boards Global customer relationships INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 20
Slide 21: Strategy
Strategy INVESTOR PRESENTATION: FY2023
Slide 22: Necklace of Terminals
Necklace of Terminals Build, own, and operate India’s leading network of tank terminals and distribution facilities, incorporating the highest safety and environmental standards. Liquid Terminals Gas Terminals Kandla ✔ ✔ Kandla Pipavav ✔ ✔ Haldia Pipavav Mumbai ✔ ✔ Mumbai Mangalore ✔ Under construct
Slide 23: Integrated LPG Supply Chain
Integrated LPG Supply Chain Our integrated logistics services include sourcing, storing, moving, and distributing products. LPG Strategic Storage Pipelines & Rail Autogas, Commercial & Sourcing Port Location Terminals Connectivity Industrial Distribution LPG Sourcing JV with Key gateway ports: Mumba
Slide 24: Project GATI: Gateway Access to India
Project GATI: Gateway Access to India Capital Investment programme of INR 4,500 Cr under “Joint Business Plan” with JV partner Royal Vopak, to be implemented from 2023-2027 01 02 03 04 05 Greenfield Brownfield Mergers & New Big Ticket Expansion Expansion Acquisitions Energy Projects INVESTOR PRESENT
Slide 25: Business Profile
Business Profile INVESTOR PRESENTATION: FY2023
Slide 26: Gas Division Profile
Profile Gas Division INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 26
Slide 27: Consumption of LPG in India
Consumption of LPG in India 35,000 31,000 30,000 25,000 20,000 ‘000 MT 15,000 10,000 5,000 0 2000– 2022– 2001 2023 Source: PPAC/IOC and Management Estimates INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 27
Slide 28: Production & Imports of LPG in India
Production & Imports of LPG in India 20,000 18,500 18,000 16,000 14,000 12,800 12,000 10,000 ‘000 MT 8,000 6,000 4,000 2,000 0 2000– 2022– 2001 2023 Production Import s Source: PPAC/IOC and Management Estimates INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 28
Slide 29: Need for Terminal Capacity
Need for Terminal Capacity Domestic Supply Base Case Demand High Growth Scenario 60 50 Million Metric Tons 40 31 30 Imports: Imports: 25 38 Imports: 20 18.5 (est) 10 12.8 0 11 12 13 14 15 16 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 17 - - - - - - - - - - - - - - - - - - - - - - - - - 10
Slide 30: Pipavav & Kandla Connected to Kandla-Gorakhpur
Pipavav & Kandla Connected to Kandla-Gorakhpur IHB consortium building Kandla-Gorakhpur LPG Pipeline 2800 km long 8.25 million tons capacity Pipavav allocation is 1.5 million tons Phase 1 commission in H2 of 2024 Pump house and manifold located inside Pipavav terminal INVESTOR PRESENTATION: FY2023 P
Slide 31: LPG Terminalling Capacity
LPG Terminalling Capacity Static Throughput 140 12,000 120 115 10,000 9,600 100 8,000 80 ‘000 MT ‘000 MT 6,000 60 4,000 40 2,000 20 0 0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY17 FY18 FY19 FY20 FY21 FY22 FY23 INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 31
Slide 32: LPG Throughput Capacity by Port
LPG Throughput Capacity by Port 1500 Mumbai 4000 1600 Pipavav Haldia Kandla 2500 ‘000 MT INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 32
Slide 33: LPG Distribution System
LPG Distribution System We have a national network of LPG terminals and cylinder filling plants serving these segments. Autogas Commercial Domestic Industrial 142 stations over 10 states Expansion into a national Tier 1, 2 & 3 urban cities with Serving industrial clusters with dispensing autogas, pe
Slide 34: Liquids Division Profile
Profile Liquids Division INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 34
Slide 35: Growing Liquids Footprint
Growing Liquids Footprint 1. New capacity expansion at Haldia commissioned 2. New 110,000 KL liquids terminal expansion at JNPT (expected commissioning mid-2024) 3. Additional Liquids capacity at Mangalore, Kochi, and JNPT under construction 4. M&A opportunities INVESTOR PRESENTATION: FY2023 PROPRIE
Slide 36: Terminal Capabilities & Capacities
Terminal Capabilities & Capacities Provides import, export, storage, and logistics services, handling Class A, B, and C products, chemicals, POL products and vegetable oils 75 Mumbai 273 Tanks includes MS, SS, Epoxy Coated, IFR Kochi 71 Haldia Heated and cooled tanks 174 Pipavav 890 Kandla 120 Conne
Slide 37: Key Financial Data
Key Financial Data INVESTOR PRESENTATION: FY2023
Slide 38: Consolidated Profit Statement
Consolidated Profit Statement Rs. in Cr. FY23 FY22 YoY% Revenue 8627 4631 86% Cost of Sales 7581 3882 Others 242 163 Normalised EBITDA (Segment)* 804 586 37% Finance, Hedging & Forex-related Expenses (Net) 45 -3 Depreciation 124 78 Unallocated Expenses -9 39 Profit Before Tax 645 472 37% Tax 134 87
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. In Cr.) FY23 FY22 Equities & Liabilities (Rs. In Cr.) FY23 FY22 Non-Current Assets Equity Property, Plant and Equipment 3,645 2,374 Equity Share Capital 35 35 Other Equity 3,497 2,145 Capital Work in Progress 412 253 Equity Attributable to Owners 3,532 2,180 Ot
Slide 40: Cash Flow
Cash Flow Rs. In Cr. FY23 FY22 Profit Before Tax 645 472 Operating Profit Before Working Capital Changes 682 545 Net Cash Inflow from Operating Activities (A) 358 263 Net Cash Inflow/(Outflow) from Investing Activities (B) -931 -162 Net Cash Outflow from Financing Activities (C) 1311 -304 Net Increa
Slide 41: Dividend Growth
Dividend Growth 7.00 5.75 6.00 5.00 Rs. per Share 4.00 3.00 2.00 1.00 0.00 FY19 FY20 FY21 FY22 FY23 INVESTOR PRESENTATION: FY2023 PROPRIETARY & CONFIDENTIAL 41
Slide 42: Thank You
Thank You Aegis Logistics Limited Orient Capital Orient Capital CIN: L63090GJ1956PLC001032 Ms. Payal Dave Ms. Rasika Sawant Mr. Murad Moledina, CFO +91 9819916314 +91 9594457518 murad@aegisindia.com Payal.Dave@linkintime.co.in Rasika.Sawant@linkintime.co.in INVESTOR PRESENTATION: FY2023 PROPRIETARY