Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — FY2022 Earnings Presentation
25 slides from Ig Petrochemicals's earnings presentation, May 23, 2022
Slide 1: Exchange filing cover letter
23rd May, 2022 SECT/1042 BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza 1st Floor, P J Towers Bandra Kurla Complex Dalal Street Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 500199 Scrip Code: IGPL Dear Sir, Sub: Investor Presenta
Slide 2: Investor Presentation – May 2022
Investor Presentation – May 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by I G Petrochemicals 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 se
Slide 4: Q4 & FY22 Highlights
Q4 & FY22 Highlights
Slide 5: CEO & MD’s Message
CEO & MD’s Message FY21 FY22 Growth “We are pleased to report the Company's highest-ever annual revenue and profitability. I on YoY basis want to credit our entire team for their unwavering efforts and emphasis on operational excellence for this incredible accomplishment. The total revenue for FY22
Slide 6: Performance Highlights
Performance Highlights Revenue^ (Rs. Cr) EBITDA^ (Rs. Cr) PAT (Rs. Cr) 26.9% 22.0% 16.8% 14.1% Margin 68% +37% +41% 1,892 416 267 303 190 1,128 FY21 FY22 FY21 FY22 FY21 FY22 Revenue^ (Rs. Cr) EBITDA^ (Rs. Cr) PAT (Rs. Cr) 34.4% 22.5% 22.2% 23.6% 14.7% 14.2% Margin 510 519 146 100 426 115 115 75 74 Q
Slide 7: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business FY20 Rs 45 Crores FY21 Rs 54 Crores FY22 Rs 120 Crores *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), Diethyl Phthalate (DEP) & Others DEP facility commercialize
Slide 8: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Cr) Q4 FY22 Q3 FY22 Q4 FY21 FY22 FY21 Y-o-Y Total Revenue^ 519.1 509.7 425.9 1,891.9 1,128.4 67.7% Raw Material 335.8 337.9 225.0 1,239.7 651.4 Employee Expenses 18.5 21.1 25.5 75.1 70.7 Other Expenses 49.7 35.8 29.1 161.3 102.9 EBITDA 115.1 114.8 146.3 415.7
Slide 9: Balance Sheet
Balance Sheet Particulars (Rs. Cr) Mar - 22 Mar - 21 Particulars (Rs. Cr) Mar - 22 Mar - 21 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 733.3 697.8 Capital Work-In-Progress 18.1 40.6 Other Equity 1,030.3 787.3 Goodwill 2.0 2.0 Total Equity 1,061.1 818.1 Oth
Slide 10: Company Overview
Company Overview
Slide 11: Company Snapshot
Company Snapshot India’s only Incorporated in 1988 Maleic Anhydride (MAN) Manufacturer World’s Largest PAN* Manufacturer at Single Location > 50% Domestic Market Share of India’s Largest PAN* Phthalic Anhydride Manufacturer 20+ End User Industries Served PAN* Capacity 2.22 Lakh MTPA ISO Certified Lo
Slide 12: Phthalic Anhydride Overview
Phthalic Anhydride Overview PAN is a versatile intermediate in organic chemistry and a downstream product of a basic petrochemical, Orthoxylene (Ox). It is used as an intermediate to produce Plasticizers, Unsaturated Polyster Resins, and Alkyd Resins & Polyols. It finds application in both consumer
Slide 13: Diversification Into Non-Phthalic Anhydride Products
Diversification Into Non-Phthalic Anhydride Products Maleic Anhydride Benzoic Acid Diethyl Phthalate (DEP – Advance Specialized Plasticizers) Current Capacity Downstream › Phthalic Anhydride - 222,110 MTPA Speciality › Maleic Anhydride – 7,660 MTPA Derivatives › Benzoic Acid – 1,300 MTPA Evaluating
Slide 14: Proximity to Western Belt of India
Proximity to Western Belt of India VISION “To be a well-diversified chemicals company with a leadership position in Phthalic Anhydride Industry’’ Plants are engineered with Technical collaboration with Lurgi Gmbh, Germany and are designed on the low energy-based processes The company has a distinct
Slide 15: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities World’s Largest PAN Manufacturer at Single Location Undertaken Significant Process Enhancement Initiatives along with capacity expansions and product diversification Six-sigma quality control processes and ERP systems across the organization Steam generated
Slide 16: Diversified End-User Industry
Diversified End-User Industry 20+ Phthalic End User Anhydride Plasticizers Alkyd Resins & Paints Unsaturated Polyester Resins CPC Pigments Industries Maleic Anhydride Lubricant Additive Agro Chemicals Plastics Unsaturated Polyester Resins 120+ Clients Benzoic Acid Perfume Insect Repellent Speciality
Slide 17: High Focus on Capacity Expansion
High Focus on Capacity Expansion PA 4 Plant Phthalic Anhydride Capacity Post PA 5 Expansion (MTPA) • PAN Capacity of 53,000 MTPA Commissioned • Capacity commissioned in Dec 2020 2,75,110 2,22,110 53,000 Advance Plasticizers (DEP) • Capacity of 8,400 MTPA Commissioned Pre PA5 FY24e • Capacity commiss
Slide 18: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 India’s Significant We are the We produce MAN We have Lower We are well prepared Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for to capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 19: Led by Healthy Demand
Led by Healthy Demand Paints & Resins Plasticizers Speciality Chemicals Medical Device Synthetic Leather Lubricants Building & Cables & Wires Construction Packaging Films Personal Care Perfumes & Fragrance Construction Sustainable Growth Infrastructure Development Make in India Push Increase in Cons
Slide 20: Way Forward
Way Forward To ramp-up New To Complete Downstream Advance Brownfield PA-5 Project Plasticizers (DEP) Capacity High Capacity Utilization & Recovery Process To Drive Increase International Presence Efficiencies And Cost Reduction Cater To Increasing Diverse End- To Evaluate Organic & Inorganic user In
Slide 21: CSR Initiatives
CSR Initiatives Provision of Medical Equipments / Apparatus to Valap Health Centre Provision of Phaco Machine with accessories for Cataract Surgery, Sonography Machine, Dialysis Machine etc. to Dr. Patwardhan Hospital Contribution to OSCAR foundation to support their initiative for Football league D
Slide 22: Board of Directors
Board of Directors Shri M M Dhanuka Shri Nikunj Dhanuka Non-executive Chairman Managing Director & CEO Background : B.E. (Chem) and a founder member of the Background : Management Graduate and is associated with the Company along with his brother Late Shri Shyam Sunder Company since 1998. In charge
Slide 23: Financial Highlights
Financial Highlights
Slide 24: Financial Trends
Financial Trends Total Revenue ^ (Rs. Cr) EBITDA ^ (Rs. Cr) PAT (Rs. Cr) 1,892 416 267 1,311 1,148 1,065 1,128 303 190 271 234 146 117 78 21 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA Margin (%) PAT Margin (%) Net Debt/ Equity (x) 27% 0.23 24% 17% 0.20 22% 13%
Slide 25: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Mr. Akash Bihani – Finance Manager Email - pbhandari@igpetro.com / abihani@igpetro.com www.igpetro.com You Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. S