Garware Technical Fibres Limited · NSE:GARFIBRES
Garware Technical Fibres — Investor Presentation (November 2023)
70 slides from Garware Technical Fibres's investor presentation, Nov 21, 2023
Slide 1: Regulation 30 disclosure and investor meet schedule
• GARWARE TECHNICAL FIBRES GTFL:SEC:2023 November 21,2023 BSE Limited Corporate Relationship Department, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai 400001. (Company code: 509557) National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, 'G' Block, Bandra-K
Slide 2: Better Ideas in Action
Better Ideas in Action www.garwarefibres.com
Slide 3: Garware Technical Fibres Limited – At a Glance
Garware Technical Fibres Limited – At a Glance • Pioneer in Technical Textiles in India • In top 25 India’s Best Workplaces in • 5000+ workforce with presence in 75 countries Manufacturing Sector 2023 • Producing 80MT per day & operating with • Well qualified R&D team of 22 scientists 20,000 SKUs in
Slide 4: Mission
Mission “To Provide innovative, application focused solutions to enhance value of our customers globally” 3
Slide 5: Business Update
Better Ideas in Action Business Update www.garwarefibres.com 4
Slide 6: GTFL Aquaculture Business
GTFL Aquaculture Business 5
Slide 7: Growing aquaculture
Growing aquaculture Million tonnes live weight (LW) 8 2000 2005 2010 Wild capture for human consumption mam Aquaculture for human consumption 2015 2020 2025 mam Farmed Atlantic salmon == Population rebased Development of global average fish consumption 30 Kg per capita ou 6 & GARWARE
Slide 8: Salmon Prices Over the Last Few Years
Salmon Prices Over the Last Few Years Salmon Prices ($ per kg) since Jan 2013 $ 9 8 7 6 5 4 3 2 1 2023 Salmon prices have increased from 2.5 USD per kg in 2013 to 8.93 USD per kg in Nov 2023 Source : https://tradingeconomics.com/commodity/salmon
Slide 9: Major Players in the industry
Major Players in the industry MOWI • Record-high revenue of EUR 1358.6 million (EUR 1257.1 million)on all-time high harvest volumes of 135 000 GWT (133 808 GWT) in Q3 2023 • Operational EBIT of EUR 203 million Q3 2023. • Operational EBIT for Norway EUR 2.15/kg (overall group EUR 1.5/kg) • 2024 full
Slide 10: Norway
Better Ideas in Action Norway
Slide 11: Norway Aquaculture Industry Update
Norway Aquaculture Industry Update • After protracted negotiations Resource rent tax has been finalized at @ 25% as compared to the initial suggestion of @40%. • The Tax is only applicable only for the sea based face of salmon farming. • There are still some uncertainties on what sales price or inco
Slide 12: Aqua Cages – Way Forward- Norway
Aqua Cages – Way Forward- Norway • Strategy to convert Large aquaculture companies in Norway from generic nylon cages to Value Added products. • Penetration into Top 6 Aquaculture companies in Norway (accounting to 60% of total Norwegian Salmon production ) who are almost exclusive clients in Scotla
Slide 13: V2 Update
Better Ideas in Action V2 Update
Slide 14: Key Challenges – Bio Fouling and Copper Sedimentation
Key Challenges – Bio Fouling and Copper Sedimentation Top Challenges in • Causing an annual • This is added with current • Frequent net release of more than cleaning causes loss Aquaculture 1000 Tons of copper into high cost of cleaning of appetite leading to Norwegian waters operation during the re
Slide 15: V2 Nets – Norway
V2 Nets –Norway Site manager feedback – All nets has good shape, and mortalities finds its way up to LiftUP. Service Company feedback – Easy to handle and install Mowi Team – Nice, tight and firm shape in high currents also
Slide 16: Sustainable Solution for Aqua Farming – V2 Nets
SUSTAINABLE SOLUTION FOR AQUA FARMING – V2 NETS NORWAY : 190 cages in water Scotland : 90 cages Canada: 40+ cages in in water water Chile: 50+ cages in water Australia : 40 cages in water
Slide 17: Predator Cage Solutions
Better Ideas in Action Predator Cage Solutions
Slide 18: Sapphire - CFR
Sapphire - CFR www.garwarefibres.com
Slide 19: Sapphire CFR Nets – New age Predator Net
Sapphire CFR Nets* – New age Predator Net Regular twine Suitable for both type of designs (Umbrella and Straight) 8-10% higher stiffness than Sapphire Ultra Cover yarn Core MBX 30% higher Cut Resistance than Sapphire Core consist of blend/Bunch of composite yarn Ultra Core MBX which is turns in to r
Slide 20: CFR Highlights
CFR Highlights • Success of CFR in Scotland with biggest Salmon Farm • Spread of CFR to other customers in Scotland for better predation protection. • Breakthrough with Biggest farm in Norway with CFR as part of conversion from Nylon to Advanced HDPE based solutions • Breakthrough and repeat busines
Slide 21: Sapphire CFR
Sapphire CFR Norway ~ 40 Faroes ~ 40 Scotland ~ 165 Canada ~ 5
Slide 22: Sapphire X18
Sapphire X18 www.garwarefibres.com
Slide 23: Voice of Customer: On Umbrella Design
Voice of Customer: On Umbrella Design • Traditionally in Chile Umbrella design is used For Predator Nets. • Major reason due to less stiffness in netting allowing predator to push the Pred net towards cage and also to twist the net to Umbrella break. design Focus on Voice of customer for Pred nets:
Slide 24: Drop Down Vs Umbrella Design
Drop Down Vs Umbrella Design • Four Chilean customers are now Using Drop down design and are planning to convert more sites to dropdown design. • They have identified 50% reduction in installation time. • Joining of panels can be done on walk ways in case of drop down design as compared to Umbrella
Slide 25: Operational Benefits of X18 drop down
Operational Benefits of X18 drop down ➢ Lower risk of damage by vessels ➢ Less material required; Less square meters to clean ➢ Reduce Predation- No release of ropes during operations ➢ Simple mooring system – less ropes and lines required ➢ Easy to handle ➢ Can make flexible dimensions compared to
Slide 26: Operational Benefits of X18 drop down
Operational Benefits of X18 drop down ➢ At Netloft , Easy ➢ for washing due to stiffness and open mesh ➢ Repair and handling compared to extruded net
Slide 27: Non Salmon
Non Salmon www.garwarefibres.com
Slide 28: Expansion in Non Salmon Species – a key agenda for growth
Non Salmon Expansion in Non Salmon Species – a key agenda for growth • 6 New customers added in: Panama, Mexico, Indonesia, Turkey, Srilanka, Brunei. • 2 Active enquiries in Vietnam & Algeria • Breakthrough with Top Tilapia Farms in Kenya • Repeat orders in Indonesia. • Repeat business in Turkey wit
Slide 29: Non Salmon Highlights
Non Salmon Highlights • Customer base expansion in different geographies of Non Salmon (LATAM to SEA) • Targeting organized players in each market and competing with local competition with Value benefits and solutions • Repeat order from these market – a testimonial for benefits experienced • Custom
Slide 30: New Product Development
Better Ideas in Action New Product Development
Slide 31: IntelliNet
IntelliNet NOVEL BUILT-IN IOT TECHNOLOGY L VS THE CAGE NET AK TO THE FISH FARMER 24, [STN - PANELS CONNECTED WITH RESPONSE MECHANISM 1 ) Pane atu Oo) °
Slide 32: IntelliNet – Concept to Reality
IntelliNet – Concept to Reality Concept trial at Institute of Marine Research, Norway Planned Trial of Full Cage in Chile Under discussion for a Prototype for 6 months in scotland
Slide 33: IntelliNet Update – Full Cage Installation in Chile
IntelliNet Update – Full Cage Installation in Chile INTELLINET AT CHILE INSTALLATION IN INSTALLATION INTELLINET SITE PROCESS COMPLETE AND FISH CONNECTED STOCKED
Slide 34: IntelliNet Update – Full Cage Installation in Chile
IntelliNet Update – Full Cage Installation in Chile A SMALL LAB EXPERIMENT TO THE FIRST FULL SCALE INTELLINET CAGE IN A SPAN OF 2 YEARS
Slide 35: IntelliNet - Benefits
IntelliNet - Benefits @ Reduction in fish escape ® Reduction in diver’s time Immediate notification of : ® Breakage (4 Ease of finding the break @ Quick response time to act
Slide 36: Sustainability
SUSTAINABILITY Better Ideas in Action
Slide 37: GTFL’s Strong External Actions on Sustainability
GTFL’s Strong External Actions on Sustainability
Slide 38: GTFL – Pioneer in HDPE Solutions for Aquaculture
GTFL – Pioneer in HDPE Solutions for Aquaculture Environmental Impact Garware Technical Fibres has provided more than 25,000 metric tons of HDPE netting solutions to the aquaculture industry, this directly translates to a reduction of 122.5 million Kilograms of CO2 equivalent. This saving in the car
Slide 39: Trial of the Industry’s First Certified Bio-Based Cage Net
Trial of the Industry’s First Certified Bio-Based Cage Net in New Zealand Up to 70% Reduction in GHG emissions compared to regular aquaculture cage nets
Slide 40: Environmental impact – Nylon vs HDPE
Environmental impact – Nylon vs HDPE
Slide 41: GTFL’s Strong Internal Actions on Sustainability
GTFL’s Strong Internal Actions on Sustainability
Slide 42: GTFL Plant – Sustainability Initiatives
GTFL Plant – Sustainability Initiatives Continuously minimizing GHG emission Performance Awards Overall GHG emission, MT of CO2 equivalent 37,824 32,699 28,904 FY21 FY22 FY23 GHG emission intensity, TCO2 eq per MT of production 2.34 1.58 1.46 FY21 FY22 FY23
Slide 43: GTFL Plant – Sustainability Initiatives
GTFL Plant – Sustainability Initiatives Continuously minimizing water consumption Performance Awards Total water consumption, KL per day 1,30,678 1,17,106 1,14,729 FY21 FY22 FY23 Water consumption, Litres per MT of production 9.6 7.7 6.7 FY21 FY22 FY23
Slide 44: GTFL Plant – Sustainability Initiatives
GTFL Plant – Sustainability Initiatives Continuously minimizing energy consumption Performance Total electricity consumption, GWh per annum 29.9 28.7 27.0 FY21 FY22 FY23 Share of Renewable Energy 10% 29% 30% 90% 71% 70% FY21 FY22 FY23 Energy from Grid Renewable energy
Slide 45: Sports Nets
Better Ideas in Action Sports Nets www.garwarefibres.com
Slide 46: Sports Nets - Snapshot
Sports Nets -Snapshot N Europe and Australia sports nets have picked up in Q1 with large orders. USA sports nets is picked up in Q2. Orders received in Q3 from the largest distributor and further orders are expected in Q4 Encouraging response in USA for sports allied. South Europe – With new resourc
Slide 47: Sports New Allied Business
Sports New Allied Business Products: Tennis posts, pickleball posts, Soccer goal posts, kicking cage frames & cat frames Global Market Size: 190-210Cr. Focus Markets: US, EU, Australia Business Model: Distributor Led Model Strategy: Utilize existing netting channel to gain entry and then adding new
Slide 48: GTFL IB-Safety nets
Better Ideas in Action GTFL IB-Safety nets www.garwarefibres.com
Slide 49: Safety nets Business
Safety nets Business Products: Safety Nets with requisite certifications (ANSI and EN) Global Market Size: 9300 MT in F23. US $40-45 million (approximately) Focus Markets: US, EU, Latin America. Business Model: Fabricators/Distributors driven business. 62
Slide 50: GTFL Value Added Ropes
GTFL Value Added Ropes 63
Slide 51: Value added Ropes
Value added Ropes Products: UHMWPE, Fabricated Slings, High Strength Polyolefin Application Segments: Mooring, Towing, Offshore, Transmission, Defense. Customer segments: Ship Chandlers, Ship management companies, Tug boat operators, Transmission companies etc. Business Model: Distributors and Direc
Slide 52: GTFL Geo-synthetics Business
GTFL Geo-synthetics Business 65
Slide 53: Geosynthetics – A Brief Overview
Geosynthetics – A Brief Overview Geosynthetics are polymer-based materials used in infrastructure solutions for environmental friendliness and lower overall cost •Roads •Railways •Airports •Ports 66
Slide 54: Geosynthetics - Benefits
Geosynthetics - Benefits Saves Natural Resources Fast Construction Project Saves Project Cost High Consistent Quality 67
Slide 55: Geosynthetics Division – Business Model
Geosynthetics Division – Business Model Design Turnkey Projects Supply Installation 68
Slide 56: Technical Backup – In house technical team
Technical Backup – In house technical team Garware Technical Fibres Ltd. has an in house Geotechnical Design Team that consistently offers reliable, accurate and site specific designs. Designing is done over a wide spectrum of projects that include Mountainous, Riverine & Marine terrains by using gl
Slide 57: Focused Applications – Domestic
Focused Applications – DOMESTIC Landfill Rockfall Protection Landfill Lining Lining Erosion Control Sludge Dewatering River Protection 73
Slide 58: Domestic Market - Rockfall & Slope Protection, Keonjhar, Odisha
DOMESTIC MARKET - Rockfall & Slope Protection application Location: Keonjhar, Odisha Implementation of Soil Slope Stability Measures and Rockfall Protection along New Railway Broad Gauge Line 74
Slide 59: Domestic Market - Rockfall & Slope Protection, Uttarakhand
DOMESTIC MARKET - Rockfall & Slope Protection application Location: Uttarakhand Slope stability implementation along a critical stretch near Rishikesh 75
Slide 60: Domestic Market - Avalanche Protection, Ladakh
DOMESTIC MARKET - Avalanche Protection application UT of Ladakh Implementation of Avalanche Control Measures in UT of Ladakh 76
Slide 61: GTFL GEO Export Product Offerings
GTFL GEO Export Product Offerings ➢ Geotextile - Woven ➢ Polypropylene ➢ Polyester ➢ Geotextile Fabric Form ➢ Geotextile bag ➢ Geotextile tube ➢ Saddle Bag ➢ Geo-containers ➢ Polymer Gabion ➢ PP Rope Gabion ➢ Aqua-Rock Bag / Flexible Rope Net Gabion ➢ Rockfall Solution ➢ Double Twisted Mesh Panel ➢
Slide 62: GTFL GEO Export Product Offerings
GTFL GEO Export Product Offerings PP ROPE GABION AQUAROCKBAG /FRN DT MESH PANEL 80 HS BOUDLER NET EROSION CONTROL MAT POLYMER EROSION CONTROL MATT
Slide 63: GTFL GEO Export Product Offerings
GTFL GEO Export Product Offerings WOVEN GEOTEXTILE GEOTEXTILE BAG GEOTEXTILE TUBE 81 GEOTEXTILE CONTAINER GEOTEXTILE SADDLE BAG
Slide 64: GTFL GEO Export Markets
GTFL GEO Export Markets SINGAPORE THAILAND OMAN 82 COLOMBIA FRANCE AUSTRALIA
Slide 65: GTFL GEO Export Markets
GTFL GEO Export Markets COLOUMBIA 83
Slide 66: GTFL GEO Export Markets
GTFL GEO Export Markets PHILIPPINES 84 THAILAND
Slide 67: Wind Defender Application USA Landfill
Wind Defender Application USA Landfill 86
Slide 68: Way Forward Domestic Market – Rockfall Protection and Landfills
Way Forward Domestic Market – Rockfall Protection and Landfills • Rockfall Protection • Out of a total allocation of Rs 110 L Cr by the Central Government under the National Infrastructure Pipeline from 2020 – 2025, Roads & Highways share is Rs 20 L Cr. And Railways is Rs 14 L Cr. • There is an incr
Slide 69: Way Forward – Exports
Way Forward – Exports • Global Market Size 10-12 Bn USD, Growing at 9% CAGR y-o-y • Addressable market size 400 to 500 million US$ • Complete supply value chain needed for Geo-synthetic manufacturing is available in India • With China+1 sentiment in global supply chain India is well poised to become
Slide 70: Thank You
Better Ideas in Action Thank You INDIA USA UK CANADA AUSTRAILA CHILE NORWAY www.garwarefibres.com 93
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