Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q4 FY24 Earnings Presentation
26 slides from Ig Petrochemicals's earnings presentation, May 24, 2024
Slide 1: Regulation 30 cover letter to exchanges
24th May, 2024 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 2024
Investor Presentation – May 2024
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 & FY24 Highlights
Q4 & FY24 Highlights
Slide 5: Q4 & FY24 Performance Highlights
Q4 & FY24 Performance Highlights Revenue^ (Rs. Crs) EBITDA* (Rs. Crs) PAT (Rs. Crs) Margin 11.4% 6.3% 14.3% 6.4% 6.3% 1.6% 8.4% 1.9% 611 2,375 2,310 70 340 38 200 563 36 136 9 40 Q4 FY23 Q4 FY24 FY23 FY24 Q4 FY23 Q4 FY24 FY23 FY24 Q4 FY23 Q4 FY24 FY23 FY24 Key Highlights • The total revenue for FY24
Slide 6: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crs) Q4 FY24 Q4 FY23 FY24 FY23 Total Revenue^ 563.5 610.9 2,129.8 2,374.6 Raw Material 459.3 475.4 1,733.8 1,781.7 Employee Expenses 21.2 21.1 81.2 81.7 Other Expenses 47.4 45.0 178.8 171.1 EBITDA 35.6 69.5 136.1 339.9 EBITDA Margin (%) 6.32% 11.38% 6.39% 14.
Slide 7: Balance Sheet
Balance Sheet Particulars (Rs. Crs) Mar-24 Mar-23 Particulars (Rs. Crs) Mar-24 Mar-23 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 984.4 669.2 Capital Work-In-Progress 3.0 232.3 Other Equity 1,208.6 1,199.8 Goodwill 2.0 2.0 Total Equity 1,239.4 1,230.6 Other
Slide 8: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Mar- 24 Mar- 23 Net Profit Before Tax 53.1 268.6 Adjustments for: Non-Cash Items / Other Investment or Financial Items 55.0 53.4 Operating profit before working capital changes 108.1 322.0 Changes in working capital -62.4 -27.1 Cash generated from Operations
Slide 9: Contribution From Non–PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business Rs 170 Crores Rs 120 Crores Rs 156 Crores Rs 54 Crores Rs 45 Crores FY20 FY21 FY22 FY23 FY24 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), Diethyl Phthalate (DE
Slide 10: Moving up the Value Chain
Moving up the Value Chain To set up wide range of Plasticizers Plasticizers Setting up plant at Taloja, Maharashtra Diethyl Phthalate (DEP) • Project cost: Appx. Rs 165 crores (Excluding GST) Benzoic Acid (BA) • Project start date: April 2024 • Expected project completion time: 18 Months • Mode of F
Slide 11: Company Overview
Company Overview
Slide 12: Company Snapshot
Company Snapshot India’s only Incorporated in 1988 Maleic Anhydride* Manufacturer World’s Largest PAN* Manufacturer at Single Location > 50% Domestic Market Share of PAN* India’s Largest Phthalic Anhydride Manufacturer Current Products: Phthalic 20+ End User Industries Served Anhydride, Maleic Anhyd
Slide 13: 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 14: Diversification Into Non-Phthalic Anhydride Products
Diversification Into Non-Phthalic Anhydride Products Maleic Anhydride Benzoic Acid Diethyl Phthalate (DEP – Advance Plasticizers) Current Products Downstream Speciality › Phthalic Anhydride Derivatives › Maleic Anhydride Biofuels such as › Benzoic Acid compressed biogas, ethanol etc. › Diethyl Phtha
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: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 We are well India’s Significant We are the We produce MAN We have Lower prepared to Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 18: Led by Stable Demand
Led by Stable Demand Paints & Resins Plasticizers Specialty 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 Consum
Slide 19: Sustainability of Operations
Sustainability of Operations • A full-fledged Effluent Treatment Plant (ETP) to treat all types of effluent generated from manufacturing plants ETP • Segregated effluent streams like low COD streams & High COD/TDS streams • A centrifuge and filter press to treat hazardous waste/sludge in a disposabl
Slide 20: CSR Initiatives
CSR Initiatives Association with Saraswati Shishu Mandir Trust for the construction of School in Vrindavan which was named after the Co-founder of the Company Late Shri Shyam Sunder Dhanuka. The school was completed during the year and started functioning in early 2023 for pre-primary and primary se
Slide 21: CSR Initiatives
CSR Initiatives Collaborated with Enviro Forest Creators to create dense, native forests, promote biodiversity and combat climate change through the Miyawaki method. MIYAWAKI PLANTATION More than 30,000 plants were planted spread over two acres of land in Taloja comprising of varieties of species li
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. Crs) EBITDA ^ (Rs. Crs) PAT (Rs. Crs) 2,375 2,130 1,892 416 267 340 200 303 190 1,065 1,128 136 78 40 21 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 EBITDA Margin (%) PAT Margin (%) 27% 22% 17% 14% 14% 8% 7% 6% 2% 2% FY20 FY21 FY22
Slide 25: Way Forward
Way Forward High-Capacity Utilization & Recovery Process Cater To Increasing Diverse End-user To Drive Efficiencies And Cost Reduction Industries Of PAN globally Exploring new Downstream Chemistries Targeting ~30% Diversification into Non-PAN Business in coming years Phthalic Anhydride Non-PAN & Dow
Slide 26: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Ms. Preeti Maurya – Sr. Finance Manager Email - pbhandari@igpetro.com / pmaurya@igpetro.com www.igpetro.com You http://www.sgapl.net/images/sgapl_logo.jpg Strategic Growth Advi