Garware Hi-tech Films Limited · NSE:GRWRHITECH
Garware Hi-tech Films — Garware Polyester — Investor Presentation (February 2021)
41 slides from Garware Hi-tech Films's investor presentation, Feb 4, 2021
Slide 1: BSE filing cover letter for investor presentation
Garware Polyester Ltd. GARWARE HOUSE, 50 - A, SWAMI NITYANAND MARG, VILE PARLE (EAST), MUMBAl-400 057. TEL.: 91-22-6698 8000 ( 15 Lines) FAX: 2824 3155 / 66 February 04, 2021 The Compliance Manager BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 40000
Slide 2: Investor Presentation December 20
GARWARE POLYESTER LTD. Investor Presentation December 20
Slide 3: Company Overview
Company Overview Garware Polyester Ltd. is the Pioneer in Polyester Film manufacturing and largest exporter in India and winner of top exporters award for 33 years from PLEXCOUNCIL. GPL has grown to become a force to reckon within the Global High-tech Performance Film Industry. Garware Polyester pro
Slide 4: Garware Motors to Garware Polyester Ltd.
Garware Motors to Garware Polyester Ltd. 1933 1956 1957 1976 1977 1981 1994 Garware In the year 1956, In the year 1957, In the year 1976, In the year 1977, In the year 1981, In 1994, the Polyester Ltd, considering its a new company both companies, as the company the company company was traces its or
Slide 5: At a Glance
At a Glance #1 Fully vertically integrated manufacturer with Global market leader and the only Winner of top exporters’ 60+ years of industry experience Net Debt Free Indian company to manufacture award for 33 years from PLEXCOUNCIL Suncontrol Films _____________________ L ____________________ J ___
Slide 6: The Garware Polyester Ltd. Journey
The Garware Polyester Ltd. Journey The sixties brought new challenges in the form of new technologies. Garware Polyester Ltd. responded by expanding product line to include PVC pipes, fittings In the fifties Garware Polyester Ltd. led the race by and allied products. End of sixties saw the emergence
Slide 7: Global Reach
Global Reach Geographical Presence Revenue Breakup (Apr to Dec 20) – Continent Wise Corporate Office 14% Europe Mumbai 31% North America 49% Asia South 1% Marketing Offices America 4% Mumbai 1% Africa Delhi Australia Chennai 80+ Manufacturing Representative overseas offices: Exported to more than 80
Slide 8: Manufacturing Facilities
Manufacturing Facilities
Slide 9: State-Of-The-Art Manufacturing Facility
State-Of –The-Art Manufacturing Facility Polyester Chips plant Four BOPET Film lines Extrusion coating line / Thermal Line Metalizer Sun Control Film plant for Automobile, Architectural and Safety application Paint Protection Film plant Fully vertically integrated Pioneer of Innovative manufacturer
Slide 10: Manufacturing Facilities Waluj, Aurangabad Chikalthana, Aurangabad
Manufacturing Facilities Waluj, Aurangabad • High-tech integrated chips-to-films plant • Production line manufacturing of Polyester Chips, Polyester Films & Sun Control Films • Received pioneer status in Waluj, Aurangabad in 1984 • New manufacturing facility setup for Paint Protection Films • Resear
Slide 11: Research & Development Facility
Research & Development Facility R&D Facility, Aurangabad Polaroid Microscope • The R&D facilities have been recognized by the Department of Science and Technology, Government of India for its superior performance Automatic K-Bar Coater • The R&D undertakes product application, modification and proce
Slide 12: Products & Services
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Slide 13: Company Products
Company Products Industrial Product Division (IPD) Sun Control Window Film Polyester Films / BOPET Lines Paint Protection Film Thermal Lamination Metalizing & Coating Consumer Product Division (CPD)
Slide 14: Industrial Product Division (IPD)
Industrial Product Division (IPD) Polyester Films Metalizing & Coating Thermal Lamination • Leader in India in Shrink Films & • Lidding (Peelable) • Book Covers Low Oligomer Films • PET Labels • Magazines • PET Shrink films for label • BOPP Labels • Digital Prints • Electronics and Electricals – • C
Slide 15: Consumer Product Division (CPD)
Consumer Product Division (CPD) Automotive Films Architectural Films Safety & Security Films Paint Protection film Manufacture variety of films Manufacture variety of Gives additional strength, Protects car paint from external for automotive applications films for architectural reduces glare & preve
Slide 16: Value Added Products
Value Added Products :
Slide 17: SunControl Films
SunControl Films Garware Polyester Ltd. is the only one of its kind to manufacture chip- to-films, films to metalized films to Suncontrol Window Films giving it the ability to create unique chemistry for films for specialist end- applications designed for high performance. Garware Polyester Ltd. is
Slide 18: Paint Protection Film
Paint Protection Film Garware Paint Protection Film Features Paint Protection Film is designed to give automobile paint coatings the highest level of protection and impact resistance, and these films are clear, self-healing Paint Protection Films. The PPF is manufactured using a specially formulated
Slide 19: Shrink Films
Shrink Films w Garware Polyester Ltd holds 90% market share Shrink Film manufacturing w Excellent printability and smooth surface w High Resolution Graphic, clear high quality prints w Higher shrinkage in comparison to OPS and PVC w Cover high contour innovative shaped w Low temperature shrinkage –
Slide 20: ESG
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Slide 21: Contributing to the society
Contributing to the society Use of Bio-Fuels 100% closed-loop waste processing Limiting carbon footprint through ENCON initiatives Re-using PET production waste in variety of products Re-using green waste for power generation to reduce fossil fuel consumption Net Carbon-Negative Company Committed to
Slide 22: Financial Overview
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Slide 23: Financial Overview
Financial Overview Financial Snapshot Improving Return Ratios • • Net Debt Free • - 3-year Revenue CAGR : 2.7% • 3-year Net Profit CAGR: 60.4% • CARE reaffirmed "CARE A" credit • 100% Dividend rating for bank Paying facilities Company Key Financial Ratios (Consolidated – FY20) Price to Book Ratio 0.
Slide 24: Q3FY21 Financials
Financial Overview Q3FY21 Financials Op. Revenue PBDT PBDT Margin EPS ₹ 254.70 Cr ₹ 57.95 Cr 22.75% ₹ 14.83 Profit Before Tax Op. Revenue Up ₹ 52.01 Cr by30.9% QoQ Net Profit PBDT Up by ₹ 34.45 Cr 172.3% QoQ Net Profit Margin Net Profit Up by 13.53% 216.9% QoQ
Slide 25: Income Statement – Quarterly Q3FY21
Income Statement – Quarterly Q3FY21(in Cr.) Particulars Dec’20 Dec’19 %Change Sep’20 Revenue 254.70 194.53 30.9% 251.29 Other Income 4.66 3.41 - 2.86 Total Income 259.36 197.94 31.0% 254.15 Expenditure 197.15 171.78 14.8% 181.93 Interest 4.26 4.88 - 5.16 PBDT 57.95 21.28 172.3% 67.06 Depreciation 5.
Slide 26: H1FY21 Standalone Balance sheet
H1FY21 Standalone Balance sheet Liabilities (INR Cr) H1FY21 Assets (INR Cr) H1FY21 Shareholders Fund 1474.22 Non-Current Assets 1418.87 Share Capital 23.23 Property, Plant and Equipment 1276.97 Other Equity 1450.99 Capital WIP 59.80 Intangible Assets 2.08 Financial Liabilities 136.31 Intangible asse
Slide 27: Financial Performance (Standalone)
Financial Performance (Standalone) Revenue from Operations (INR Cr.) PBDT (INR Cr) PBDT Margin (%) PAT (INR Cr) PAT Margin (%) 160 150.42 18% 16% 120 86.94 12% 922.69 140 123.37 17.10% 14% 120 100 74.34 10% 12% 100 13.40% 80 9.91% 8% 877.31 64.24 10% 80 8% 8.06% 60 6% 60 7.70% 6% 4.06% 831.9 40 40 4
Slide 28: Trend – Revenue & Net Profit (Standalone)
Trend – Revenue & Net Profit (Standalone) Revenue* from Operations & Net Profit (INR Cr.) - 950 100 89.65 900 922.69 86.94 90 904.33 877.31 80 850 74.33 887.62 70 800 831.9 60 750 50 700 40 650 33.76 680.12 30 600 21.88 20 17.39 550 10 500 0 FY16 FY17 FY18 - Revenue - FY19 PAT FY20 9MFY21 * Includes
Slide 29: Revenue Mix (Apr – Dec20)
Revenue Mix (Apr – Dec20) Division Wise Segment Wise User Industries Thermal 3% Plain Film Packaging 20% 15% Commodity Films 26% Thermal Lamination Film IPD 3% Sun Control 50% Automobile Sun Control Film ( 47% Provisional ) 26% Value Added Films 74% Value Added Film / Speciality 32% Residential and
Slide 30: Trend – Increasing Revenue share from Value-Added Products
Trend – Increasing Revenue share from Value-Added Products 100% 90% 27% 24% 28% 32% 80% 70% 60% 50% 40% 68% 30% 73% 72% 76% 20% 10% 0% FY 18 FY 19 FY 20 9M FY21 ■ Value Added ■ Commodity
Slide 31: Historical Standalone Annual Income Statement
Historical Standalone Annual Income Statement (in Cr.) Particulars Mar’20 Mar’19 Mar’18 Mar’17 Revenue 877.31 922.69 831.90 904.33 Other Income 25.01 8.94 5.18 7.74 Total Income 902.32 931.63 837.08 912.07 Expenditure 734.19 789.61 748.40 833.91 Interest 17.71 18.65 24.44 32.55 PBDT 150.42 123.37 64
Slide 32: Historical Standalone Balance sheet
Historical Standalone Balance sheet Liabilities (INR Cr) FY20 FY19 FY18 Assets (INR Cr) FY20 FY19 FY18 Shareholders Fund 1395.07 1364.04 1290.86 Non-Current Assets 1375.84 1345.37 1337.24 Share Capital 23.23 23.23 23.23 Property, Plant and Equipment 1278.06 1236.59 1224.10 Other Equity 1371.84 1340.
Slide 33: Financial Performance (Consolidated)
Financial Performance (Consolidated) Revenue from Operations (INR Cr.) PBDT (INR Cr) PBDT Margin (%) PAT (INR Cr) PAT Margin (%) 180 18% 100 9.30% 10% 16.80% 8.60% 947.89 160 16% 90 9% 14.10% 155.01 80 8% 924.83 140 14% 86.02 70 81.65 7% 120 133.73 12% 7.50% 60 6% 100 10% 50 3.90% 5% 80 8% 40 4% 60
Slide 34: Historical Consolidated Annual Income Statement
Historical Consolidated Annual Income Statement (in Cr.) Particulars Mar’20 Mar’19 Mar’18 Mar’17 Revenue 924.83 947.89 841.99 918.46 Other Income 11.82 9.01 5.21 7.73 Total Income 936.65 956.90 847.20 926.19 Expenditure 763.18 803.83 758.71 845.68 Interest 18.46 19.34 25.03 33.12 PBDT 155.01 133.73
Slide 35: Historical Consolidated Balancesheet
Historical Consolidated Balancesheet Liabilities (INR Cr) FY20 FY19 FY18 Assets (INR Cr) FY20 FY19 FY18 Shareholders Fund 1,403.72 1,372.17 1,291.87 Non-Current Assets 1,374.98 1,346.62 1,338.83 Share Capital 23.23 23.23 23.23 Property, Plant and Equipment 1,278.46 1,237.07 1,224.76 Other Equity 1,3
Slide 36: Key Investment Rationale
Key Investment Rationale Enjoys Rating of “CARE A“ from renowned global rating company (CARE Ratings) for banking facilities CAGR growth in PBDT and PAT of 48.9% & 58.4% in the last Market Leader with more than 90% market share in 3 years, due to value added specialty Products & better shrink film i
Slide 37: Awards & Recognitions
Awatds & Recognition's _
Slide 38: Awards & Recognitions
Awards & Recognitions National Award Gold Shield By From Department National Award Government Of Of Science And for R&D & India Technology Export National Award Export Award by Numerous Top For Energy Copious Safety Plexcouncil for Exporter Awards Conservation. Awards Polyester Film
Slide 39: CSR
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Slide 40: CSR
CSR A dedicated Community Centre in Waluj Area, which More than 2,00,000 lives benefited from the community center so far Actively run ‘Garware Research Institute’ in Kalina, • helps in Contribution towards Society, Rural Development, Environment & Nature. More than 15,000 face-shields donated durin
Slide 41: Contact: Garware Polyester Ltd.
Garware Polyester Ltd. CIN: L10889MH1957PLC010889 Contact us: For queries on shares & investor grievance: cs@garwarepoly.com; cfo@garwarepoly.com Website: www.garwarepoly.com
Garware Polyester — Investor Presentation (February 2021) on 6ix