Aegis Logistics Limited · NSE:AEGISLOG

Aegis Logistics — Investor Presentation (May 2016)

37 slides from Aegis Logistics's investor presentation, May 2016

  1. Slide 1: Aegis Logistics Limited – Positioned for growth

    Aegis Logistics Limited “Positioned for growth” Investor Presentation May 2016

  2. 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

  3. Slide 3: All Time Record Performance

    All Time Record Performance SEGMENTAL EBITDA PAT ALL TIME RECORD LIQUID DIVISION EBITDA ALL TIME RECORD GAS DIVISION 24% 42% EBITDA Rs. 225 Cr Rs. 126 3

  4. Slide 4: Major ongoing Expansion Projects

    Major ongoing Expansion Projects Liquid - Haldia  Capacity - 25,000 KL Liquid - Kandla Mangalore Expansion  Capacity - 100,000 KL  3 Acres of Land allotted at the Port Mission To build an unrivalled national port infrastructure and distribution network in the Oil and Gas sector in India LPG - Hal

  5. Slide 5: Gas Logistics

    Gas Logistics 5

  6. Slide 6: Gas Logistics - Capturing Complete Value Chain

    Gas Logistics - Capturing Complete Value Chain 40% 60% Gas Distribution Gas Logistics (3PL) AND/OR Gas Sourcing Sourcing Fees Industrial Sourcing Shipping Terminalling Auto Gas Segment Activity Revenue Stream Gas Sourcing Sourcing & Shipping Sourcing Commission Throughput Fees, Handling & Gas Logist

  7. Slide 7: Demand Supply Gap exists for LPG in India

    Demand Supply Gap exists for LPG in India... Consumption of LPG in India Imports of LPG in India ‘000 MT ‘000 MT +179% CAGR 17% 19,551 8,885 14,331 10,456 4,484 7,016 2,883 853 2000-01 2005-06 2010-11 2015-16 P 2000-01 2005-06 2010-11 2015-16 P Incremental Demand in LPG met through Imports •Source:

  8. Slide 8: LPG Import Terminal Capacity has a Shortfall

    ...LPG Import Terminal Capacity has a Shortfall 30 Domestic Production Indian Imports 25 20 Mn MT 15 10 5 0 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Figures in MT 2014/15 2020/21 Comments Static Import Capacity 312,800 312,800* Aegis capacity in 2015 is 25,400 Import Throughput

  9. Slide 9: To Capitalize on this Opportunity

    To Capitalize on this Opportunity Leading LPG Logistics Player in India JV with ITOCHU  Efficient and Cost Effective Shipping for High Volumes Expansion - Terminaling Capacity  Strong Negotiating Power  Growing LPG Market in India  Financial Muscle  Strong Customer Relationship  Terminaling Ca

  10. Slide 10: JV with ITOCHU

    JV with ITOCHU Aegis entered into a Joint Venture for its Singapore based LPG Sourcing and Supply Business with ITOCHU Petroleum Co., (Singapore) Pte Ltd Aegis Logistics Limited sold 40% of its equity ownership in its wholly owned subsidiary, Aegis Group International Pte. Ltd. Singapore, to ITOCHU

  11. Slide 11: Greenfield Capacity Expansion at Haldia

    Greenfield Capacity Expansion at Haldia  Static Capacity  25,000 MT – 2 Fully Refrigerated Tanks of 12,500 MT each  Throughput Capacity  15,00,000 MT at full utilization Gujarat  Project Cost West Bengal  Rs 250 crs Haldia  Means of Finance  Internal Accrual  Project Completion Date Signed

  12. Slide 12: Debottlenecking of LPG Terminals at Mumbai

    Debottlenecking of LPG Terminals at Mumbai  Static Capacity to remain same  20,000 MT  Throughput Capacity  11,00,000 MT (incremental 4,00,000 MT)  Project Cost  Rs 15 crs  Means of Finance  Internal Accrual  Project Completion Date Project would include addition of :  Q1 FY17-18  Intake

  13. Slide 13: Brownfield Capacity Expansion at Pipavav

    Brownfield Capacity Expansion at Pipavav  Static Capacity  2700 MT  Throughput Capacity  2,00,000 MT at full utilization Gujarat Pipavav  Project Cost  Rs 15 crs  Means of Finance  Internal Accrual Throughput volumes for LPG handled in Pipavav  Project Completion Date expected to grow  Q1

  14. Slide 14: LPG Capacity Post Expansion

    LPG Capacity Post Expansion Static Capacity MT Throughput Capacity MT 53,100 3,000,000 Expansion in Haldia Debottlenecking in Mumbai 25,000 1,500,000 28,100 25,400 5,400 8,100 8,100 4,00,000 1,100,000 750,000 4,00,000 20,000 20,000 20,000 2,50,000 1,100,000 7,00,000 5,00,000 2015-16 2016-17 2017-18

  15. Slide 15: Our Gas Distribution Network

    Our Gas Distribution Network B2C  Auto Gas Retailing: Distribute LPG as Auto Fuel through Gas Station Network  104 Auto Gas Stations across 7 States B2B  Bulk Industrial Distribution: Distribute LPG through road tankers to Auto, Steel, Ceramic Industries etc  Commercial LPG: Distribute Packed Cy

  16. Slide 16: Gas Division Performance EBITDA

    Gas Division Performance EBITDA* Rs. in Cr. 123 95 85 85 61 46 2010-2011 FY2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 * Normalized EBITDA – Before Forex, Hedging Related Expenses 16

  17. Slide 17: LPG Volume

    LPG Volume Distribution (‘000 MT) Logistics (‘000 MT) 49 50 966 42 626 477 2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016 17

  18. Slide 18: New Growth Drivers

    New Growth Drivers • Throughput volumes for LPG handled in Pipavav and Mumbai Terminals expected to grow 30-40% on YoY basis through existing and new customer relationships • Commissioning of second chemical berth in Mumbai Port which will result in additional port handling capacity of 2.5 mn MT per

  19. Slide 19: Liquid Logistics

    Liquid Logistics 19

  20. Slide 20: Liquid Logistics and EPC Services

    Liquid Logistics and EPC Services Liquid Logistics (3PL) O&M Services Shipping Logistics O&M Facilities Segment Activity Revenue Stream Throughput Fees, Handling & Value Liquid Logistics Logistics Addition Charges Operations & O&M Services O&M Fees Maintenance 20

  21. Slide 21: Liquid Traffic at Indian Ports

    Liquid* Traffic at Indian Ports POL Traffic Growth at Indian Ports POL Traffic at Major Ports in FY 2015P mn MT +27% Others Haldia Paradip 349.3 350.8 3% 3% 345.3 10% Kandla 29% Visakhapatnam 330.2 325.3 8% 312.6 Chennai 7% Kochi 7% 272.0 Mumbai 19% New JNPT Mangalore 2% 12% FY09 FY10 FY11 FY12 FY13

  22. Slide 22: Liquid Terminal Expansion at Kandla and Haldia Ports

    Liquid Terminal Expansion at Kandla and Haldia Ports Greenfield Liquid Terminal Expansion at Brownfield Liquid Terminal Expansion at Kandla Port – 100,000 KL Haldia Port – 25,000 KL Kandla Gujarat Gujarat West Bengal Haldia  Project Cost  Project Cost  Rs 75 crs  Rs 15 crs  Means of Finance  M

  23. Slide 23: Liquid Capacity Post Expansion

    Liquid Capacity Post Expansion 01 Kandla 629 Built up of Capacities (‘000s KL)  Expansion – 100,000 KL 100 Existing 02 Haldia Expansion  Expansion – 25,000 KL 120  Existing – 60,190 85 03 Mumbai 60  Existing – 273,000 KL 25 273 51 04 Pipavav  Existing – 120,120 05 Kochi Mumbai Kochi Haldia Pipa

  24. Slide 24: Liquid Division Performance

    Liquid Division Performance Revenue Normalized EBITDA 171 153 131 107 102 97 92 87 84 61 50 54 2010-2011 FY2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 24

  25. Slide 25: Leading provider of logistics and supply chain services to India's oil, gas and chemical industry

    We are leading provider of logistics and supply chain services to India’s oil, gas and chemical industry Strategic port locations Storage terminals Rail connectivity Pipelines 25

  26. Slide 26: Unique Infrastructure

    Unique Infrastructure Liquids LPG  Terminals at key ports- Mumbai, Kochi,  Refrigerated Gas Terminal in Mumbai Haldia, Pipavav  Pressurized Gas Terminal in Pipavav  Jetty Pipelines  Pipeline connectivity to Petchem plant  Multiple tank sizes  Network of 104 Autogas stations in 7 states  Coat

  27. Slide 27: Our Strategy: Building a Necklace of Terminals around the coastline of India

    Our Strategy : Building a Necklace of Terminals around the coastline of India  VLGC  All Ports are Deep Water Ports to accommodate VLGC New Location  Pipelines  Pipeline Facilities for Larger Customers Kandla Pipavav Haldia  Railways  Railways available at Pipavav and can be set up at all port

  28. Slide 28: Strong Industry Partners

    Strong Industry Partners AEGIS Q Wy} Reliance Industries Limited a ASHV Gas TATA FSET, IndianOil eS BS Mahindra OLS PIAGGIO’ 28

  29. Slide 29: Management Team

    Management Team Raj Chandaria Anish Chandaria Vice Chairman & MD MD & CEO Sudhir Malhotra Rajiv Chohan Group President & COO President -Business Development Murad Moledina K. S. Sawant Chief Financial Officer President - Operations & Projects 29

  30. Slide 30: Financial Performance

    Financial Performance Solid Foundations 30

  31. Slide 31: Current Business Break-up

    Current Business Break-up Liquid Division Gas Division  Business  Business – Third Party Liquid Logistics (3PL) – Third Party Gas Logistics (3PL) – O&M Services FY16 EBITDA – Auto Gas Retailing and Packed LPG Cylinders for Commercial segment Rs 225 Cr – Industrial Gas Distribution – Marine Product

  32. Slide 32: Robust Performance

    Robust Performance FY2016 24% Normalised EBITDA 38% PBT 42% PAT March 2016 19% 59 % 0.12x ROCE- Liquid Division ROCE- Gas Division Net Debt to Equity Net Debt/Equity = Long Term Borrowing+ Short term Borrowing – Cash – Current Investments 32

  33. Slide 33: Consolidated Profitability Statement (Q4)

    Consolidated Profitability Statement Rs Crs Q4 FY16 Q4 FY15 Y-o-Y % Revenue 437 520 -16% Cost of Sales 343 445 Others 32 23 Normalized EBITDA (Segment) * 62 52 19% Finance, Hedging & Forex related Expenses (Net) 4 6 Depreciation 6 5 Unallocated Expenses 10 8 Profit Before Tax 42 33 27% Tax 8 9 Profi

  34. Slide 34: Consolidated Profitability Statement (FY16)

    Consolidated Profitability Statement Rs Crs FY16 FY15 Y-o-Y % Revenue 2,213 3,916 -43% Cost of Sales 1,874 3,635 Others 114 99 Normalized EBITDA (Segment) * 225 182 24% Finance, Hedging & Forex related Expenses (Net) 16 19 Depreciation 22 22 Unallocated Expenses 34 30 Profit Before Tax 153 111 38% C

  35. Slide 35: Consolidated Balance Sheet

    Consolidated Balance Sheet Rs. Crs Mar-16 Mar-15 Rs. Crs Mar-16 Mar-15 Shareholder’s Fund 504 427 Non-Current Assets 651 558 Share Capital 33 33 Fixed Assets * 545 488 Reserves & Surplus 471 394 Non-Current Investments 0 3 Minority Interest 39 26 Other Non-Current Assets 106 67 Non-Current Liabiliti

  36. Slide 36: Profit & Dividend Track Record

    Profit & Dividend Track Record Dividend 32% 35% 44% 34% 24% 32% Payout Rs Crs 113 Dividend Paid Net Profit 103 61 47 34 36 22 25 21 15 15 8 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 36

  37. Slide 37: For further information, please contact

    For further information, please contact: Company : Investor Relations Advisors : Aegis Logistics Limited Strategic Growth Advisors Pvt. Ltd. CIN: L63090GJ1956PLC001032 CIN: U74140MH2010PTC204285 Mr. Murad Moledina, CFO Ms. Payal Dave / Mr. Jigar Kavaiya murad@aegisindia.com dpayal@sgapl.net / kjigar

Aegis Logistics — Investor Presentation (May 2016) on 6ix