Filatex India Ltd · NSE:FILATEX
Filatex India — Investor Presentation (October 2018)
35 slides from Filatex India's investor presentation, October 2018
Slide 1: Cover letter to stock exchanges
CIN N0.L17119DN1990PLC000091 FILATEX INDIA LIMITED FI L/S E/2018-19/40 1st Novem ber, 2018 National Stock Exchange o f India Limited BSE Limited Listing Departm ent Listing Departm ent 5th Floor, Exchange Plaza, C -l, Block-G, 25th Floor, Pheroze Jeejeebhoy Tow ers Bandra-Kurla Com plex, Bandra (E)
Slide 2: Filatex India Limited Investor Presentation October 2018
Filatex India Limited Investor Presentation October 2018
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: Content
Company Overview 04 Key Strengths and Growth Drivers 17 Results Summary 21 Content Financial Overview 29 Shareholder Information 33 FIL | Investor Presentation | 2017-18
Slide 5: Company Overview
Company Overview
Slide 6: About Us
About Us About Us Our mission Incorporated in 1990, Filatex India Ltd. has emerged as one of the To attain highest level of trust, integrity and honesty in business top five manufacturers of Polyester Filament Yarn. To encourage people's ownership, empowerment and working under team structure Starti
Slide 7: Polyester – The Preferred Fibre
Polyester – The Preferred Fibre We believe that Polyester will be fibre of the future. Filatex has focused its future growth plans on Polyester Filament Yarns. Resistant to Stretching & shrinking Affordable Pricing Stain Resistant Highly Durable Faster Dryness POLYESTER Easy Wash ability Blends well
Slide 8: Salient Facts And Figures
Salient Facts And Figures 2 34 ~2000 Manufacturing Countries global Employees units export 237,000 328,300 TPA TPA Production Capacity Production Capacity (FY 2017-18) (FY 2018-19) FIL | Investor Presentation | October 2018 7
Slide 9: Strong Performance
Strong Performance (₹ in Crore) REVENUE EBIDTA PAT (Net of Excise Duty) 1,928 157 60 1,573 79 10 2015 2018 2015 2018 2015 2018 FIL | Investor Presentation | October 2018 8
Slide 10: Timeline
Timeline 2008 Commenced production of Fully 1996 Drawn Yarns – FDY in Dadra using, 2016 1994 then latest machine from BARMAG, Commenced production of Fully Drawn Yarns –FDY, Diversified into Specialty Polyester Filaments Yarn at GERMANY capacity of 115 TPD at Dahej in March and added Dadra ( U.T Dad
Slide 11: Production Process Flowchart
Production Process Flowchart RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT MEG PTA POY PARTIALLY ORIENTED YARN DTY DRAW TEXTURIZING YARNS FDY FULLY DRAWN YARN Catalyst PTA PASTE TANK ESTERIFICATION 900 TPD REACTOR-1 600 TPD 300 TPD ESTERIFICATION ESTERIFICATION TiO2 BaSo4 REACTOR-2 REACTOR-2 PRE
Slide 12: 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 13: Geographical Presence
Geographical Presence Exporting to 34 countries across the Globe Canada Latvia UK Germany Poland Over 50% of Italy Slovenia Turkey Uzbekistan DTY USA Portugal South Korea Spain production is Morocco Nepal exported Algeria Iran Bangladesh Mexico Egypt Domican Republic Dubai Thailand Vietnam Manufactu
Slide 14: Diversified Product Portfolio
Diversified Product Portfolio We have Semi dull and Bright which are diversified in following products. Industrial intermediate product used Polyester Chips 1 to manufacture Polyester yarns. Intermediate product, post Texturizing Polyester Partially Oriented 2 used for knitting & weaving different Y
Slide 15: Catering To Diverse End Users
Catering To Diverse End Users In these garments, seam softness is The preferred material for sportswear is critical. The Textured Micro Denier have Polyester Yarn. Sports leisure clothings met the expected requirements and are require a fabric that’s not only strong & being used in Lingerie, Perform
Slide 16: Certifications
Certifications BS OHSAS ISO 9001 : 2008 ISO 9001 : 2015 ISO 14001 : 2004 ISO 9001 2015 18001 : 2007 FIL | Investor Presentation | October 2018 15
Slide 17: Production Capacities
Production Capacities PRODUCTION CAPACITIES - FY 2018-19 Net Capacity (Post Expansion Net of Captive) Products (MTPA) Production Captive Net %age 1% Polyester Chips - Semi Dull 64,600 22,900 41,700 12.7% 13% 24% Polyester Chips - Bright 31,000 13,300 17,700 5.4% 5% Polyester POY - Semi Dull 123,700
Slide 18: Key Strengths and Growth Drivers
Key Strengths and Growth Drivers
Slide 19: Key Strengths
Key Strengths Integrated Economies State of Art Stringent Operations of Scale Technology Quality Control Diversified PAN India Vast Global Product Mix Client Base Foot Prints FIL | Investor Presentation | October 2018 18
Slide 20: Growth drivers (1/2)
Growth drivers (1/2) Increasing Per Capita Income Rapid Urbanization Government Policies o India’s per capita income at current prices during o According to projections, an estimated 140 million o The new indirect tax regime is expected to enhance 2017-18 is estimated to have attained a level of Rs.
Slide 21: Growth drivers (2/2)
Growth drivers (2/2) Rationalized Tax Structure Increasing Exports Home Textile Industry o To encourage domestic manufacturers of man- o Capacity built over years has led to low cost of o India’s home textile industry is expected to expand made fibres, there is an increase in import duty production
Slide 22: Results Summary
Results Summary
Slide 23: Result Summary – Q2 FY19 vs Q2 FY18
Result Summary – Q2 FY19 vs Q2 FY18 (Y-o-Y Basis) On standalone basis (₹ in Crore) REVENUE (Net of Excise Duty) EBIDTA PAT 718.33 64.84 20.25 414.43 13.52 36.08 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 Q2 FY18 Q2 FY19 EXPORTS YARN (MTPA) CHIPS (MTPA) 64,788 84.31 8,575 80.22 44,916 4,502 Q2 FY18 Q2 FY19 Q2 F
Slide 24: Result Summary – H1 FY19 vs H1 FY18
Result Summary – H1 FY19 vs H1 FY18 (Y-o-Y Basis) On standalone basis (₹ in Crore) REVENUE (Net of Excise Duty) EBIDTA PAT 1,422.54 121.64 40.39 27.85 844.71 72.33 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY19 EXPORTS YARN (MTPA) CHIPS (MTPA) 197.05 1,27,925 15,177 149.42 87,070 13,189 H1 FY18 H1
Slide 25: EBITDA and Volume Analysis
EBITDA and Volume Analysis EBITDA (₹ in Cr.) Volume (MT) 64.84 73,362 69,739 56.80 64,699 46.55 56,459 49,418 36.08 37.85 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 80% 48% FIL | Investor Presentation | October 2018 24
Slide 26: Profit & Loss – Q2 FY19 & H1 FY19
Profit & Loss – Q2 FY19 & H1 FY19 On standalone basis (₹ in Crore) Q2 FY19 Q1 FY19 Q2 FY18 H1 FY19 H1 FY18 Particulars Y-o-Y (%) Y-o-Y (%) Unaudited Unaudited Unaudited Unaudited Unaudited Net Income from Operations (Net of Excise) 718.33 704.21 414.43 73.33% 1,422.54 891.57 59.55% Expenses 653.49 6
Slide 27: Balance Sheet (1/2) - H1 FY19
Balance Sheet (1/2) - H1 FY19 On consolidated basis (₹ in Crore) Particulars H1 FY19 H1 FY18 ASSETS Non - Current Assets a) Property, Plant and Equipment 944.57 944.46 b) Capital work in progress 8.00 6.41 c) Other Intangible assets 0.05 0.06 d) Intangible assets under Development 0.45 0.36 e) Finan
Slide 28: Balance Sheet (2/2) - H1 FY19
Balance Sheet (2/2) - H1 FY19 On consolidated basis (₹ in Crore) Particulars H1 FY19 H1 FY18 EQUITY AND LIABILITIES EQUITY a) Equity Share Capital 43.50 43.50 b) Other Equity 382.98 342.00 Subtotal 426.48 385.50 Non - Current Liabilities a) Financial Liabilities i) Borrowings 521.60 541.60 ii) Other
Slide 29: Production Split by Volume
Production Split by Volume FY17 FY18 0% 1% 8% 1% 13% 15% 2% 1% 35% 18% 1,89,945 MT 2,21,422 MT 1% 23% 25% 1% 0% 24% 32% Polyester Chips - Semi Dull Polyester Chips - Bright Polyester POY - Semi Dull Polyester POY Fully Drawn Yarn Drawn Textured Yarn Polyester POY - Bright Polyester DTY - Semi Dull P
Slide 30: Financial Overview
Financial Overview
Slide 31: Strong Financial Performance
Strong Financial Performance (₹ in Crore) Revenue (Net of excise duty) EBIDTA (₹ in Crore) 180 1,928.04 160 1,572.76 1,551.01 140 1,278.23 120 100 80 60 40 20 78.87 87.47 133.17 156.96 0 2015 2016 2017 2018 2015 2016 2017 2018 CAGR = 7.02% CAGR = 25.79 % PAT (₹ in Crore) PBT (₹ in Crore) 70 100 60 9
Slide 32: Operational Performance
Operational Performance Exports (₹ in Crore) Chips and Yarn Volume (MTPA) 378.81 221,422 300.26 189,945 169,711 159,111 187,863 122,658 165,344 130,039 102.13 91.96 47,053 29,072 24,601 33,559 2015 2016 2017 2018 2015 2016 2017 2018 Chips Volume (MTPA) Yarns Volume (MTPA) FIL | Investor Presentation
Slide 33: Profit & Loss
Profit & Loss On consolidated basis (₹ in Crore) Particulars 2015 2016 2017 2018 Revenue from operations (gross) 1,730.59 1,418.80 1,709.68 1,974.90 Less : Excise duty 157.83 140.57 158.67 46.86 Revenue from operations (net) 1,572.76 1,278.23 1,551.01 1,928.04 Other Income 9.70 10.67 12.15 10.64 Tot
Slide 34: Shareholder Information
Shareholder Information Stock Data (As on 31th Oct 2018) Shareholding Pattern (As on 30th Sept 2018) 5.50% Market Capitalization (₹) 1051 Cr. Promoters Shares Outstanding 21.75 Cr. 36.48% Non-Institution Free Float 27.73%. 57.99% Domestic Symbol (NSE/ BSE) FILATEX / 526227 Institutional Investors Av
Slide 35: Thank You
Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi – 110025 Ph: +91-11-26312503 Fax: +91-11-26849915 Thank You Email: secretarial@filatex.com www.filatex.com CIN: L17119DN1990PLC000091 Investor Relations Advisors: S-ANCIAL TECHNOLOGIES PVT. LTD Ronak Saraf ronak