IG Petrochemicals Ltd. · NSE:IGPL
IG Petrochemicals — Q3 FY2016 Earnings Presentation
19 slides from IG Petrochemicals's earnings presentation, Dec 31, 2015
Slide 1: I G Petrochemicals Ltd Investor Presentation – Q3FY16
I G Petrochemicals Ltd Investor Presentation – Q3FY16 1
Slide 2: 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 3: Company Overview
Company Overview Numero Uno Indian manufacturer of Phthalic Anhydride (PA) Flagship company of Dhanuka Group One of the largest PA manufacturer in the world Lowest Cost producer of Phthalic Anhydride (PA) globally Higher capacity utilization with continued Consumption Pull for Phthalic Anhydride Sel
Slide 4: Focused Management
Focused Management Mr. M M Dhanuka: Chairman Mr. Nikunj Dhanuka: Managing Director Shri M M Dhanuka is B.E.(Chem) and Promoter of the A Commerce and a Management Graduate and Company Promoter of the Company Possesses over 35 years of varied experience and Possesses diverse experience in hand
Slide 5: Phthalic Anhydride (PA)
Phthalic Anhydride Phthalic Anhydride (PA) PA is a PA is a versatile PA is used as an PA is used in a Applications for downstream intermediate in intermediate for variety of PA are product of organic the production application in increasing Orthoxylene chemistry of Plasticizers, both consumer rapidl
Slide 6: End User Industries
End User Industries Plasticizers Paints CPC (Color Pigments) 16% 10% 41% 14% 19% Others Unsaturated Polyester Resin (UPR) 6 As on FY15
Slide 7: Phthalic Anhydride (PA): Varied Applications
Phthalic Anhydride (PA) : Varied Applications Pipes Textile Dyes Paints Packaging Materials Plastic Products Printing Inks 7
Slide 8: Manufacturing Capacity
Manufacturing Capacity Total Capacity Brownfield expansion of 1,69,250 MTA 53,000 MTPA (PA 3) Brownfield expansion of 50,000 MTPA (PA 2) De-bottlenecking of capacity 21,250 MTPA Started production with initial capacity of 45,000 MTPA (PA 1) 8
Slide 9: Manufacturing Facilities
Manufacturing Facilities Located at MIDC, Taloja in Raigad District, Maharashtra 3 units at Single Location 50 Km away from Jawaharlal Nehru Port Trust (JNPT), Nhavasheva, Mumbai, Maharashtra Proximity to India’s Chemical Hub 9
Slide 10: Key Customers
S Key Customers coeuU Jv KANSAI ASHLARD. NEROLAC PAINTS LIMITED With good chemistry great things happen? AQ Cc ® MEL ' AARTI a LIMITED World Leader in Resin Technology AkzoNobel Sli x ISCOrT BADER sal Mj a 10
Slide 11: Domestic Demand Outlook
Domestic Demand Outlook Global PA Consumption - ~5.5mn tones India’s GDP Growth Rate (%) +2% UPR Others 7.3% 7.3% 7.5% 7.5% 20% 25% 6.9% Plasticizer 55% 2013 2014 2015 2016E 2017E Source: IMF Forecast Asia-Pacific consumption is Resurging of Indian ~ + 50% economy – Pick up of demand across sect
Slide 12: Key Competitive Advantages
Key Competitive Advantages 01 Lowest Cost Producer • In-house generation of power • Higher efficiency and reengineering process reduces cost per unit 02 Strategic Plant Location • Near to Port – Huge Saving in Freight Cost • Proximity to the Chemical Belt of India Better Recovery Process Enhancing S
Slide 13: Positive
Positive ROCE (%) 25.5% • Company has entered into JV with M/s. Dubai Natural 20.2% Gas Co. Ltd UAE for the manufacturing of Maleic Anhydride with a capacity of 45,000 MTPA 8.6% • DTA Sales and Catalyst cases decided in Company’s 4.8% favour – “Absolving the contingent liabilities related to Excise
Slide 14: Result Highlights
Result Highlights Sales EBITDA PAT Rs. In Crs 263 17 6 207 -10 -18 Q3FY15 Q3FY16 Q3FY15 Q3FY16 Q3FY15 Q3FY16 Sales EBITDA PAT 909 90 48 738 33 -3 9MFY15 9MFY16 9MFY15 9MFY16 9MFY15 9MFY16 14
Slide 15: Margin Expansion
Margin Expansion EBITDA EBIT PAT 8.1% 6.2% 2.9% Q3FY15 Q3FY16 -3.7% -4.7% -7.0% 12.2% 10.7% 6.6% 3.6% 2.8% -0.4% 9MFY15 9MFY16 15
Slide 16: Profit & Loss Statement – Q3 FY16
Profit & Loss Statement – Q3 FY16 Particulars (Rs. In Crs) Q3FY16 Q3FY15 Y-o-Y Revenue from Operations 205.4 262.7 Other operating Income 1.1 0.4 Total Revenue 206.6 263.2 -22% Cost of Material Consumed 169.2 216.1 Changes in Inventories -4.3 30.5 Employee Expenses 7.6 6.8 Other Expenses 17.3 19.4 E
Slide 17: Profit & Loss Statement – 9Months FY16
Profit & Loss Statement – 9Months FY16 Particulars (Rs. In Crs) 9MFY16 9MFY15 Y-o-Y Revenue from Operations 734.2 908.1 Other operating Income 4.2 1.0 Total Revenue 738.5 909.1 -19% Cost of Material Consumed 586.5 781.1 Changes in Inventories -18.7 15.4 Employee Expenses 22.1 20.9 Other Expenses 58.
Slide 18: Balance Sheet
Balance Sheet Particulars (Rs.crs) Sep-15 Mar-15 Particulars (Rs.crs) Sep-15 Mar-15 Share Capital 30.80 30.80 Fixed Assets 324.89 326.78 Total Reserves 250.37 208.01 Tangible Assets 324.84 326.73 Intangible 0.05 0.04 Shareholder's Funds 281.16 238.81 Capital Work in Progress 1.83 0.77 Long-Term Borr
Slide 19: 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 Mr. R . Chandrasekaran -CFO Ms. Neha Shroff / Ms. Ruchi Rudra rchandra@igpetro.com sneha@sgapl.net / rruchi