Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — FY2019 Earnings Presentation
25 slides from Ig Petrochemicals's earnings presentation, May 24, 2019
Slide 1: Investor Presentation – Regulation 30 cover letter
24th May, 2019 SECT/1042 BSE Limited The National Stock Exchange of India Corporate Relationship Department Ltd. 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: IG Petrochemicals Limited Investor Presentation - May 2019
IG Petrochemicals Limited Investor Presentation - May 2019 1
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of I G Petrochemicals Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or
Slide 4: Company Overview
Company Overview India’s Largest Phthalic Anhydride (PAN) manufacturer and among the top five in the world PAN is a downstream product of Orthoxylene (OX) a basic Petrochemical PAN is a versatile intermediate in organic chemistry for production of Plasticizers, Unsaturated Polyester Resins, Alkyd Re
Slide 5: Business Overview
cru Business Overview
Slide 6: Supply Chain – End User Industry & Application of PAN
End User Industry & Application of PAN PLASTICIZERS Used in manufacturing of poly vinyl chloride ALKYD RESINS (PVC) products which is used for manufacturing a range of consumer care, personal care and home care products like shoes, wires & cables, pipes & Used in manufacturing of paints and hoses, b
Slide 7: Strategically Located Plant
Strategically Located Plant… ❖ Located at MIDC, Taloja in Raigad District, Maharashtra ❖ Proximity to Jawaharlal Nehru Port Trust (JNPT), Nhava Sheva, Mumbai, Maharashtra - Enjoys the advantage of being near ports for exports Kandla Port Jamnagar ❖ Proximity to India’s Chemical Hub where majority of
Slide 8: Manufacturing Capacity
Manufacturing Capacity Expected to come on-stream by December 2019 222,110 PA 4 53,000 169,110 De-bottlenecking PA 3 53,000 53,000 116,110 PA 2 53,000 53,000 53,000 63,110 45,000 18,110 18,110 18,110 18,110 PA 1 45,000 45,000 45,000 45,000 45,000 1992 1996 2000 2014 2019 Plants are engineered with C
Slide 9: Maleic Anhydride
Maleic Anhydride India’s only manufacturer of Maleic Anhydride; made through wash water which gets derived through manufacturing of PAN END USER INDUSTRY • Spandex (Elastics) Indian Market Size for Maleic Anhydride (MA) is ~55,000 MTPA • Unsaturated Polyester Resins (UPR) • Lubricating Oil Additives
Slide 10: Key Strengths & Strategies
cru Key Strengths & Strategies
Slide 11: Capacity Expansions & Strategies
Capacity Expansions & Strategies PA 4 Plant Advance Plasticizers Project Cost : Rs 320 Crore Project Cost : Rs 20 Crore Loan : Rs 125 Crore (ECB) Capacity of 8,000 MTPA Capacity to be commissioned by Dec’ 2019 Capacity to be commissioned by Mar’ 2020 Total Capacities Post Expansion (MTPA) +31% +29%
Slide 12: Key Competitive Strengths
Key Competitive Strengths Capacity Utilized Recovery Process Strong Clientele High Capacity Utilization with Steam generated from Diversified Product Use in Multiple Annual contract for its sales to Processes are utilized Industries Indian Customers efficiently Low Customer Concentration Low Cost Pr
Slide 13: Industry Overview
cru Industry Overview
Slide 14: Industry & Outlook
Industry & Outlook Imports Infrastructure Imports have risen Development continuously in the last 3 Infrastructure years on back of high Development Highest Budget by the domestic demand Highestgovernment Budget byforthe Infrastructure Development FY17 – 90,000 MT government for at 3.96 lakh crores
Slide 15: Huge Domestic Opportunity
Huge Domestic Opportunity Low per capita consumption of End User Industry of PAN in India 20.0 India Consumption World Consumption 17.0 17.0 4.0 3.0 3.0 2.1 1.6 1.7 1.4 1.2 0.2 Polyesters Plastics Synthetic Rubber Synthetic Fibre Polymer Paints Opportunity…. 2x 6x 9x 4x 8x 9x End User Industry expec
Slide 16: Financial Highlights – Q4 & FY19
Financial Highlights – Q4 & FY19 15
Slide 17: Financial Highlights – FY19
Financial Highlights – FY19 Revenue^ EBITDA^ PAT 1,311 271 147 1,148 234 116 FY18 FY19 FY18 FY19 FY18 FY19 Rs. Crores EBITDA^ (%) PAT (%) 23.6% 12.8% 17.8% 8.9% FY18 FY19 FY18 FY19 The Financial Results for FY19 have been prepared in accordance with the Indian Accounting Standards (Ind AS) ^ Include
Slide 18: Profit & Loss Statement – Q4 & FY19
Profit & Loss Statement – Q4 & FY19 Particulars (Rs. Crores)* Q4 FY19 Q4 FY18 FY19 FY18 Revenue from Operations^ 315 314 1,311 1,148 Total Raw Material 238 208 913 728 Employee Expenses 15 16 62 56 Other Expenses 23 25 103 94 EBITDA^ 39 65 234 271 EBITDA Margin (%) 12.3% 20.7% 17.8% 23.6% Depreciati
Slide 19: Balance Sheet
Balance Sheet Particulars (Rs. Crores) Mar – 19 Mar - 18 Particulars (Rs. Crores) Mar – 19 Mar – 18 Equity Non-Current assets Property, Plant and Equipment 387 401 Equity Share Capital 31 31 Capital Work-In-Progress 216 26 Other Equity 598 497 Goodwill 2 2 Total Equity 629 528 Other Intangible Asset
Slide 20: Financial Highlights
Financial Highlights Revenue^ (Rs. Crores) EBITDA^ (Rs. Crores) and Margin % PAT (Rs. Crores) and Margin % 23.6% 12.8% 17.8% 9.8% 16.5% 8.9% 1,311 271 147 1,204 1,187 1,148 234 1,041 11.9% 6.3% 116 953 102 6.8% 172 5.0% 0.8% 113 0.3% 60 80 60 3 9 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY15 FY16 FY17 FY1
Slide 21: CSR Activities
CSR Activities ❖ Construction of a school in Vrindavan for providing education to the underprivileged children ❖ Educating the poor, annadhanam (feeding of poor), free /concessional health care to the needy apart from other charitable activities ❖ Sustainability of environment viz. transplantation o
Slide 22: Annexures
cru Annexures
Slide 23: Journey So Far
Journey So Far Brownfield expansion of IGPL started as 100% EOU PA 3 : 53,000 MTPA in technical collaboration Debottlenecking of Listed on National Stock Revenues cross Rs. 1,000 crs. with Lurgi Gmbh, PA capacity by Exchange (NSE) Cumulative Capacity of Germany* 18,110 MTPA 1,69,110 MTPA 1988 1992 1
Slide 24: Production Process
Production Process PA I PA III PA II Air Orthoxylene Air Orthoxylene Air Orthoxylene Reactor Reactor Reactor Steam PA (Gases) Steam PA (Gases) PA (Gases) Steam Cooling Cooling Cooling Steam Sublimation Sublimation Sublimation Crude PA (Liquid) Crude PA (Liquid) Distillation Distillation PAN PAN Reco
Slide 25: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : I G Petrochemicals Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L51496GA1988PLC000915 CIN: U74140MH2010PTC204285 Ms. Vama Gala Mr. Deven Dhruva / Mr. Rohan Adhiya vgala@igpetro.com deven.dhruva@sgapl.net / rohan.adhiya@s