Filatex India Ltd · NSE:FILATEX
Filatex India — Investor Presentation (May 2018)
36 slides from Filatex India's investor presentation, May 9, 2018
Slide 1: Exchange covering letter for investor presentation
CIN No.L17119DN1990PLC000091 FILATEX INDIA LIMITED FIL/S E/2018-19/08 9th May, 2018 National Stock Exchange of India Limited The Bombay Stock Exchange Limited Listing Department Listing Department 5th Floor, Exchange Plaza, C-l, Block-G, 25th Floor, Pheroze Jeejeebhoy Towers Bandra-Kuria Complex, Ba
Slide 2: Filatex India Limited Investor Presentation May 2018
Filatex India Limited Investor Presentation May 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 Textile Market 15 Growth Drivers 18 Content Results Summary 21 Financial Overview 26 Shareholder Information 34 FIL | Investor Presentation | 2017-18
Slide 5: Company Overview
Company Overview
Slide 6: About Us
About Us About Us Our mission FILATEX INDIA LIMITED is in the business of manufacturing of To attain highest level of good quality, integrity and honesty synthetic filament yarns having a wide range of products. It has been an interesting journey as the To encourage people's ownership, empowerment a
Slide 7: Key Facts And Figures
Key Facts And Figures (₹ in Crore) REVENUE ( N e t O f E x c i s e D u t y ) 1,928 1,573 2 34 ~2000 2015 2018 EBIDTA Manufacturing units Countries global export Employees 157 79 2015 2018 237,000 328,300 PAT MT TPA 60 10 Production Capacity Production Capacity (FY 2017-18) (FY 2018-19) 2015 2018 FIL
Slide 8: History/ Milestone
History/ Milestone 1990 2008 Commenced production of Fully Incorporated in August 1990 1996 Drawn Yarns – FDY in Dadra using 2016 latest machine from BARMAG, GERMANY Commenced production of 115 TPD of Fully Drawn Diversified into Speciality Polyester Filaments Yarn at Yarns -FDY at Dahej in March 20
Slide 9: 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 BaSo4 ESTERIFICATION TiO2 REACTOR-2 REACTOR-2 PRE
Slide 10: 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 Wholetime Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director
Slide 11: 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 production are Spain Morocco Nepal exported Algeria Iran Bangladesh Mexico Egypt Domican Republic Dubai Thailand Vietnam Manufact
Slide 12: Diversified Product Portfolio
Diversified Product Portfolio We have Semi dull and Bright which are diversified in following products. Polyester Chips Industrial intermediate product used 1 to manufacture Polyester yarns. Intermediate product, post Texturizing Polyester Partially Oriented 2 used for producing different kinds of Y
Slide 13: 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 14: Certifications
Certifications ISO OHSAS Standard 100 by ISO 14001 2004 ISO 9001 2008 ISO 9001 2015 18801 2007 Oeko-Tex FIL | Investor Presentation | May 2018 13
Slide 15: 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 16: Textile Market
Textile Market
Slide 17: Textile Industry
Textile Industry Global Textile industry is projected to reach US$ 1600 billion by 2025 from US$ 745 billion in 2017. The Textile industry in India is projected to reach US$ 250 billion by 2019 from US$ 150 billion in 2017. Indian Textile Industry Contribution Market share of major exporting nations
Slide 18: Global Apparel Industry
Global Apparel Industry Global Apparel Market Size (in US$ billion) 25 80 195 30 45 440 o The current Global apparel market is estimated at 45 50 355 approximately US$ 1.15 trillion which forms nearly 1.8% 105 46 of the world GDP. 60 200 o Almost 75% of this market is concentrated in EU-27, USA, 201
Slide 19: Growth Drivers
Growth Drivers
Slide 20: Growth drivers (1/2)
Growth drivers (1/2) Increasing Per Capita Income Rapid Urbanization Government Policies o India’s per capita disposable income increased o According to projections, an estimated 140 million o The new indirect tax regime is expected to enhance from ₹ 73,476 in fiscal 2012 to ₹ 107,817 in Fiscal Indi
Slide 21: Growth drivers (2/2)
Growth drivers (2/2) Anti-dumping Increasing Exports Home Textile Industry o Exports to China were only USD 9 billion in o Capacity built over years has led to low cost of o India’s home textile industry is expected to expand FY2015-16, but imports totaled USD 61.7 billion. production per unit in In
Slide 22: Results Summary
Results Summary
Slide 23: Result Summary – Q4FY18
Result Summary – Q4FY18 On standalone basis (₹ in Crore) REVENUE (Net Of Excise Duty ) EBIDTA PAT 46.55 17.46 578.93 37.79 13.47 448.75 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 EXPORTS YARN (MTPA) CHIPS (MTPA) 113.26 113.81 54,517 10,287 41,215 9,093 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 Q4 FY17 Q4
Slide 24: Result Summary – FY18
Result Summary – FY18 On consolidated basis (₹ in Crore) REVENUE (Net Of Excise Duty) EBIDTA PAT 1,928.04 156.96 60.05 1,551.01 40.53 133.17 2017 2018 2017 2018 2017 2018 EXPORTS YARN (MTPA) CHIPS (MTPA) 378.87 187,863 33,559 300.26 165,344 29,368 2017 2018 2017 2018 2017 2018 FIL | Investor Present
Slide 25: 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 26: Profit & Loss – Q4FY18 & FY18
Profit & Loss – Q4FY18 & FY18 On standalone basis (₹ in Crore) Q4FY18 Q4FY17 FY18 FY17 Particulars Y-o-Y (%) Y-o-Y (%) Aaudited Audited Audited Audited Net Income from Operations 578.93 448.75 29.01% 1928.04 1551.01 24.30% Expenses 532.38 410.96 29.55% 1771.04 1417.81 24.91% Profit from Operations b
Slide 27: Financial Overview
Financial Overview
Slide 28: Strong Financial Performance
Strong Financial Performance (₹ in Crore) Revenue (Net of excise duty) EBIDTA & EBIDTA Margin (%) 156.96 180 10 1,928.04 160 8.58 9 133.17 8.14 1,572.76 8 1,551.01 140 6.84 7 1,278.23 120 87.47 6 100 78.87 5.01 5 80 4 60 3 40 2 20 1 0 0 2015 2016 2017 2018 2015 2016 2017 2018 EBIDTA (₹ in Crore) EBI
Slide 29: Strong Financial Performance
Strong Financial Performance (₹ in Crore) Net Working Capital Net Worth 465.50 120.71 412.62 103.61 308.68 75.53 244.03 46.43 2015 2016 2017 2018 2015 2016 2017 2018 (Note: Current liabilities excluding current maturity of long term loans & capital creditors and Current assets including assets held
Slide 30: Disciplined Capital Allocation
Disciplined Capital Allocation Tangible Net-worth (₹ in Crore) 1.6X 385.4 80 25 325.7 245.9 FY16 FY17 FY18 FIL | Investor Presentation | May 2018 29
Slide 31: Operational Performance
Operational Performance Exports (₹ in Crore) Chips Volume (MTPA) Yarns Volume (MTPA) 378.81 47,053 187,863 165,344 300.26 33,559 130,039 122,658 29,072 29,368 102.13 91.96 2015 2016 2017 2018 2015 2016 2017 2018 2015 2016 2017 2018 FIL | Investor Presentation | May 2018 30
Slide 32: Balance Sheet (1/2)
Balance Sheet (1/2) On consolidated basis (₹ in Crore) Particulars 2015 2016 2017 2018 Equity & Liabilities Shareholders' Fund Share Capital 32.00 32.00 43.50 43.5 Other Equity-Reserves & Surplus 138.33 164.55 281.52 341.87 Money received against share warrants 12.94 Total Shareholders Fund 170.33 2
Slide 33: Balance Sheet (2/2)
Balance Sheet (2/2) On consolidated basis (₹ in Crore) Particulars 2015 2016 2017 2018 ASSETS Non - Current Assets Fixed Assets Tangible assets 388.21 492.31 628.38 944.46 Intangible assets 0.08 0.05 0.15 0.42 Capital work in progress 2.36 18.02 5.73 6.41 Non-current Investments 0.00 0.01 0.01 0 Lon
Slide 34: 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 35: Shareholder Information
Shareholder Information Stock Data (As on 07th May 2018) Shareholding Pattern (As on 31st march 2018) 5.17% Market Capitalization (₹) 952 Cr. Promoters Shares Outstanding 4.35 Cr. 36.84% Non-Institution Free Float 1.26 Cr. 57.99% Domestic Symbol (NSE/ BSE) FILATEX / 526227 Institutional Investors Av
Slide 36: 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