Filatex India Ltd · NSE:FILATEX
Filatex India — Q1 FY2020 Earnings Presentation
31 slides from Filatex India's earnings presentation, Aug 6, 2019
Slide 1: Filing cover letter to stock exchanges
FILATEX INDIA LIMITED CIN No.L17119DN1990PLC000091 FIL/SE/2019-20/20 6th August, 2019 National Stock Exchange of India Limited BSE Limited Listing Department Listing Department 5th Floor, Exchange Plaza, C -l, Block-G, 25th Floor, Pheroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalai Stre
Slide 2: Investor Presentation August 2019
INVESTOR PRESENTATION AUGUST 2019 BSE: 526227 | NSE: FILATEX | ISIN: INE816B010 27 | CIN: L17119DN1 99 0P LC0 0 00 9 1 | W W W.FILATEX.COM ©2019 – Filatex India Limited, All Rights Reserved
Slide 3: 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 4: 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 5: Our Performance
Our Performance (₹ in Crore) NET REVENUE EBITDA PAT 85 217 2,874 1,573 79 10 FY15 FY19 FY15 FY19 FY15 FY19 FI L AT EX I NDI A L I M I T ED – I NVES T OR PR ES ENT A T I ON | W W W .FI L A T EX.COM 4
Slide 6: 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 7: 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 8: 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 9: 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 10: Polyester – The Preferred Fibre
Polyester – The Preferred Fibre WE BELIEVE THAT POLYESTER WILL BE FIBRE OF THE FUTURE. FILATEX HA S FOCUSED ITS FUTURE GROWTH PLA NS ON POLYESTER FILA MENT YA RNS. Affordable Pricing Resistant to Stretching and Shrinking Highly Durable Stain Resistant Easy Wash Ability Faster Dryness POLYESTER High
Slide 11: World Fibre Production (2008-2018)
World Fibre Production (2008-2018) (in 1000 MT) CONTRIBUTION TO FIBRE GROWTH 2008 % 2018 % CAGR Growth IN THE LAST DECADE Natural Fibres 5% Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 19% 10% Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887) Total Natural 30,555 40.69 32,204 28.93 0.53 1,6
Slide 12: Our Process
Our Process Purified Terephthalic Mono Ethelyn Acid (PTA) Glycol (MEG) Polyester Partially Oriented Fully Drawn Chips Yarn (POY) Yarn (FDY) Drawn Textured Yarn (DTY) FI L AT EX I NDI A L I M I T ED – I NVES T OR PR ES ENT A T I ON | W W W .FI L A T EX.COM 11
Slide 13: Production Process Flowchart
Production Process Flowchart RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT PTA MEG PTA MEG POY Partially Oriented Yarns DTY Draw Texturizing Yarns FDY Fully Drawn Yarns PTA Paste Tank TIO2 PTA Paste Tank BA SO4 730 TPD 320 TPD ESTERFICATION REA CTOR -1 ESTERFICATION REA CTOR -1 ESTERFICATION REA
Slide 14: 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 15: Geographical Presence
Geographical Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia New Delhi Facilities Portugal Italy Slovenia Azerbaijan Spain Uzbekistan Dadra & Nagar Havelli (UT) GreeceTurkey Iran South Korea Dominican Tunisia M
Slide 16: Certifications
Certifications ISO ISO BS OHSAS OEKO-TEX 9001 : 2015 14001 : 2015 18001 : 2007 STANDARD 100 FI L AT EX I NDI A L I M I T ED – I NVES T OR PR ES ENT A T I ON | W W W .FI L A T EX.COM 15
Slide 17: Awards
Awards Asia Pacific Entrepreneurship Awards – Best Company Award - Fortune – The Next 500 Corporate Excellence Manufacturing FI L AT EX I NDI A L I M I T ED – I NVES T OR PR ES ENT A T I ON | W W W .FI L A T EX.COM 16
Slide 18: 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 19: 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 20: 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 21: Quarterly Results Summary - Standalone
Quarterly Results Summary - Standalone (₹ in Crore) NET REVENUE EBITDA PAT 704.2 56.8 20.1 20.0 696.8 51.4 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 EXPORTS YA RN (MTPA ) CHIPS (MTPA ) 138.7 63,137 62,582 7,783 112.7 6,602 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 FI L AT EX I NDI A L I
Slide 22: Full Year Results Summary - Standalone
Full Year Results Summary - Standalone (₹ in Crore) NET REVENUE EBITDA PAT 2,874.1 216.5 84.9 156.6 59.8 1,927.6 FY18 FY19 FY18 FY19 FY18 FY19 EXPORTS YA RN (MTPA ) CHIPS (MTPA ) 431.6 247,541 33,559 32,054 187,863 378.9 FY18 FY19 FY18 FY19 FY18 FY19 FI L AT EX I NDI A L I M I T ED – I NVES T OR PR
Slide 23: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated (₹ in Crore) REVENUE (NET OF EXCISE DUTY) 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 FY
Slide 24: Operational Performance
Operational Performance TOTA L PRODUCTION (MTPA ) EXPORTS (₹ IN CRORE) 32,054 431.6 378.9 33,559 300.3 24,601 47,053 29,072 247,541 187,863 165,344 122,658 130,039 102.1 92.0 FY15 FY16 FY17 FY18 FY19 Yarn Volume (MTPA) Chips Volume FY15 FY16 FY17 FY18 FY19 FI L AT EX I NDI A L I M I T ED – I NVES T
Slide 25: Profit & Loss – Standalone (Q1FY20)
Profit & Loss – Standalone (Q1FY20) (INR in Crore) Q1 FY20 Q4 FY19 QoQ % Q1 FY19 YoY % Net Revenue from operations (Net of Excise Duty) 696.8 705.8 (1.3)% 704.2 (1.1)% Other income 3.2 5.2 (38.0)% 1.4 126.8% Total Revenue 700.0 711.0 (1.5)% 705.6 (0.8)% Total Expenses 669.2 667.3 0.3% 674.6 (0.8)% C
Slide 26: 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 Excise Duty) 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
Slide 27: 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 28: 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 M oney received against share warrants - 12.9 LIABILITIES 546.2 671
Slide 29: 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 31.4 MW captive of the company will increase and lead to an power plant (30 MW Thermal and 1.4 MW Solar). increase in the overall margins of the company on
Slide 30: Shareholder Information
Shareholder Information STOCK DATA (A S ON 30 T H JUNE 2019) SHAREHOLDING PATTERN (A S ON 30 T H JUNE 2019) Stock Price (INR) 37.50 5% Promoters Market Capitalization (INR) 823.82 Cr. Non-Institution Shares Outstanding 21.97 Cr. 37% Institution Free Float 42.00% 58% Symbol (NSE/ BSE) FILATEX/ 526227
Slide 31: 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: L17119DN1990PLC 000091 Bhageria House,