Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (October 2022)
30 slides from Indraprastha Gas's investor presentation, October 2022
Slide 1: Indraprastha Gas Limited: An Overview
Indraprastha Gas Limited An Overview October 2022
Slide 2: Background
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers. Today IGL has its
Slide 3: Shareholding Pattern As on 30 September 2022
Shareholding Pattern As on 30 September 2022 % HOLDING Promoters - 45% (GAIL-22.5% & BPCL- 22.5%) 9% 12% Government of NCT of Delhi - 5% 8% 45% Foreign Institution Investors - 21% 21% 5% Mutual Funds - 8% Insurance Companies - 12% Public / Others - 9% 3
Slide 4: Management
Management IGL Board is fairly well diversified with ten members (currently one vacant) including two each from GAIL and BPCL, one from Govt. of Delhi and five independent directors. The company is beneficiary of its strong parentage and gets significant support from GAIL and BPCL relating to operat
Slide 5: Areas of Operation
Areas of Operation Delhi: National capital of India has huge demand potential: - Where public transport vehicles have to necessarily run on CNG in view of the directions of the Hon. Supreme Court of India. - Has the highest number of private cars compared to any other city of India. - Thickly popula
Slide 6: Area of Operation
Area of Operation Meerut, Muzaffarnagar & Shamli: IGL has been authorized for Meerut (Except area already authorized), Muzaffarnagar & Shamli geographical area in the 9th round of bidding by PNGRB in which IGL has commissioned twenty CNG stations and started sale of PNG to Domestic households. Gurug
Slide 7: Current Sales Volume Mix (%)
Current Sales Volume Mix (%) Comm./ Ind. 13% Sale to other CGD Cos. 6% Residential 6% CNG 75% 7
Slide 8: Sales Volumes
Sales Volumes Figures in MMSCM FY’18 FY’19 FY’20 FY’21 FY’22 Sep’22 (H1) CNG 1,412 1,602 1,738 1,357 1847 1100 PNG 479 553 619 587 704 362 Total Sale 1,891 2,155 2,357 1,944 2551 1462 Daily Average Sale 5.18 5.91 6.44 5.33 6.99 7.99 8
Slide 9: Sales Volumes
Sales Volumes 1847 704 1738 1602 619 587 1412 1357 553 479 1100 362 CNG (MMSCM) PNG (MMSCM) FY'18 FY'19 FY'20 FY'21 FY'22 Sep'22 FY'18 FY'19 FY'20 FY'21 FY'22 Sep'22 2551 7.99 2357 2155 6.99 1891 1944 6.44 5.91 5.18 5.33 1462 Total Sale (MMSCM) Daily Average Sale (MMSCMD) FY'18 FY'19 FY'20 FY'21 FY'
Slide 10: Volume Trends
Volume Trends (FY’17 to FY'22) (All figures in MMSCMD) 7.99 0.50 0.18 6.99 0.81 0.47 6.44 0.14 0.49 0.49 5.91 0.16 0.82 0.50 0.66 5.33 5.18 0.15 0.50 0.37 0.45 0.54 0.38 0.09 0.13 0.33 0.69 0.43 0.30 0.46 6.01 5.06 4.75 4.39 3.87 3.72 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21 FY 2021-22 Sep'22 (H1
Slide 11: Gas Sourcing
Gas Sourcing Firm allocation from Govt. of India of domestic gas for the entire consumption of CNG and PNG Domestic segment. Lower prices of domestic gas makes the economics of switching to gas more attractive driving growth in CNG & PNG- Domestic segments which constitute around 81% of the total sa
Slide 12: Current Gas Mix (%)
Current Gas Mix (%) Pooled Gas 6% Non-APM 38% RLNG 19% APM 37% Based on data of quarter 2 of financial year 2022-23 12
Slide 13: Growth in CNG
Growth in CNG Financial Year March’18 March’19 March’20 March’21 March’22 Sep’22 CNG Stations 446 500 555 612 711 725 (Cumulative Nos.) Sale (Lakh kg) 10,180 11,439 12,324 9,575 13,071 8,026 Sale (Lakh 27.89 31.34 33.67 26.23 35.81 43.86 kg/day) 13
Slide 14: Growth in CNG
Growth in CNG 711 725 13071 12324 11439 612 555 10180 9575 500 446 8026 No. of CNG Stations Sales in Lakh kg March'18 March'19 March'20 March'21 March'22 Sep'22 March'18 March'19 March'20 March'21 March'22 Sep'22 (H1) 43.86 35.81 33.67 31.34 27.89 26.23 Sales in Lakh kg/day March'18 March'19 March'2
Slide 15: CNG Station Network
CNG Station Network Figures in numbers Station IGL DTC/ OMC DODO Total UPSRTC Online 147 79 341 34 601 Daughter Booster 1 0 70 5 76 Daughter 0 0 47 0 47 LNG 1 0 0 0 1 Total 149 79 458 39 725 15
Slide 16: CNG Vehicles (Figures in Nos.)
CNG Vehicles (Figures in Nos.) 28,791 540,018 534,557 26,760 27,284 26,150 24,850 22,900 490,662 476,502 478,372 466,702 Buses Auto/ LGV/ RTV March'18 March'19 March'20 March'21 March'22 Sep'22 March'18 March'19 March'20 March'21 March'22 Sep'22 1,620,716 1,051,907 1,533,715 971,874 1,376,592 859,17
Slide 17: PNG Connections
PNG Connections 21.7 20.6 16.85 13.75 11.02 8.92 Domestic (Lakhs) March'18 March'19 March'20 March'21 March'22 Sep'22 8,221 7,720 6,687 5,566 4,337 3,593 Industrial/ Commercial (Nos.) March'18 March'19 March'20 March'21 March'22 Sep'22 17
Slide 18: PNG Network (Figures in kilometers)
PNG Network (Figures in kilometers) 18,853 1,699 17,240 1,571 15,262 1,265 13,455 1,150 12,023 1,006 10,755 919 Steel Pipeline MDPE Pipeline March’18 March’19 March’20 March’21 March’22 Sep’22 March’18 March’19 March’20 March’21 March’22 Sep’22 20,552 18,811 16,527 14,605 13,029 11,674 Total March’1
Slide 19: Standalone Financial Data (Rs./ Crores)
Standalone Financial Data (Rs./ Crores) 8,443 1,316 7,131 7,427 * 1,135 6,337 1,005 5,409 838 4,994 786 671 Gross Turnover Total Comprehensive Income FY'18 FY'19 FY'20 FY'21 FY'22 Sep'22 FY'18 FY'19 FY'20 FY'21 FY'22 Sep'22 # 19 # 106 # 99 #* 16 # 84 # 14 #* 72 # 12 # 11 # 59 # 10 #50 EPS (Rs./share
Slide 20: Cumulative Capex (Rs. in Crores)
Cumulative Capex (Rs. in Crores) 9,317 8,777 7,323 6,312 5,259 4,521 3,991 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 Sep'22 20
Slide 21: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years % of face Year value of FY 17 share 85 FY 18 100 FY 19 120 FY 20 140 FY 21 180 FY 22 275 21
Slide 22: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) at a price of Rs. 23 per equity share aggregating to Rs.68 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquired 50% equ
Slide 23: Consolidated Results
Consolidated Results The standalone and consolidated financial results for the half year ending September 22 with the Associates i.e. CUGL & MNGL on equity method considering 50% share in profit are as under: Parameter Unit Standalone Consolidated Total Comprehensive Income Rs. in Crores 838 909 EPS
Slide 24: Future Outlook
Future Outlook Approximately Rs.1200 Crores of capex is planned for the financial year 2022-23. The Capex covers existing GA of Delhi NCR and other GAs allotted to the company. Approx. 75 to 100 CNG stations are planned to be commissioned during the FY 2022-23. The company is making efforts to incre
Slide 25: Future Outlook
Future Outlook Company is actively looking for growth avenues and is open for organic/inorganic growth opportunities. The company is also looking for opportunities to diversify in other areas. Presently 5 number of long route CNG buses with Type 4 cylinders are running in a pilot project with a stat
Slide 26: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Zero debt company. Comfortable working capital position. Care Ratings Ltd. has reaffirmed highest credit ratings of AAA (Stable) for bank facilities . 26
Slide 27: Risk & Mitigations
Risk & Mitigations Gas price • CNG & PNG-Residential prices remains competitive vis-à-vis petrol and subsidized LPG in view of allocation of domestic gas. Sourcing of gas • Firm allocation from Govt. of India for domestic gas – buying from GAIL. • Buying Long term TRLNG gas from GAIL/BPCL. 27
Slide 28: DDA Case
DDA Case Delhi Development Authority (DDA) has raised a total demand of ₹155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up CNG stations in Delhi. The increase in license fees was related to the period 1 April
Slide 29: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of
Slide 30: Thank You
Thank You 30
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