Aegis Logistics Limited · NSE:AEGISLOG
Aegis Logistics — Investor Presentation (October 2021)
39 slides from Aegis Logistics's investor presentation, October 2021
Slide 1: Aegis Logistics Limited Investor Presentation October 2021
AEGIS LOGISTICS LIMITED Investor Presentation October 2021 India’s Leading Provider of Logistics Services to the Oil, Gas and Chemical Industry
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Logistics 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 secur
Slide 3: Record Profits of Rs. 101 Crores in Q2FY22
Record Profits of Rs. 101 Crores in Q2FY22 19% 23% 58% Normalized y-o-y Normalized y-o-y PAT y-o-y EBITDA PBT 30% 38% Rs. 101 Crores 41% Rs. 148 Crores Rs. 124 Crores q-o-q q-o-q q-o-q Liquid Division – Normalized EBITDA* Gas Division – Normalized EBITDA* Liquid division continues to perform strong
Slide 4: Progress in proposed capex plan in view of strong demand scenario
Progress in proposed capex plan in view of strong demand scenario Aegis Vopak Terminals Ltd (AVTL) is expected to achieve Order Wins financial closure on or before March 2022 Secured international sourcing tenders for LPG Aegis has secured through auction two new land from National Oil Company for t
Slide 5: Gas Division– Strong growth in Logistics Volumes handled
Gas Division– Strong growth in Logistics Volumes handled ‘000 MT Average ~436 Average ~631 Average ~756 Average ~728 958 751 775 710 728 723 715 738 700 663 576 572 588 568 521 479 442 302 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY18 FY19 FY20 FY21 FY22 Mumbai Terminal also has good Pi
Slide 6: Gas Division – Enablers for higher unloading and turnaround
Gas Division – Enablers for higher unloading and turnaround › Haldia Terminal recorded good volumes › Additional Jetty LPG Pipeline is expected to commission in Q3; increasing the unloading rate at Haldia › HPCL has received permission from PNGRB to lay a pipeline from Aegis Haldia Terminal to its P
Slide 7: Gas Division - Volumes delivered by high margin retail business
Gas Division - Volumes delivered by high margin retail business ‘000 MT Average ~20 Average ~29 Average ~41 Avg ~29 46 41 41 37 35 36 34 33 34 31 31 28 21 21 22 18 17 13 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY18 FY19 FY20 FY21 FY22 Commercial & Bulk Industrial 6% Domestic Cylinder 2
Slide 8: Gas Division – Strengthened LPG retailing network
Gas Division – Strengthened LPG retailing network • 425 KG Magna Cylinder was launched in East zone and we have also entered East zone for fuel retailing • Commissioned 3 bottling plants at Udupi, Bangalore and Hyderabad Commercial LPG Market • Expect to commission additional two at Wada and Jamnaga
Slide 9: Gas Division - Volumes sourced by the JV
Gas Division - Volumes sourced by the JV Sourcing Sourcing Volumes ('000 Metric Tonnes) Q1 Q3 Q2 Q4 40% 60% 1,861 452 1,232 1,177 216 542 233 870 270 Sourcing Shipping 353 158 273 442 143 › ITOCHU Corporation is third-largest Japanese Sogo 306 Shosha (general trading Company) and One of the 374 larg
Slide 10: Gas Division – Expansion Plans
Gas Division – Expansion Plans Kandla Port – New LPG Project Pipavav - Brownfield Expansion Kandla Port Capacity Capacity › Static : 45,000 MT – 2 Fully › Static : Existing - 18,300 MT & Refrigerated Tanks of 22,500 MT each Additional - 3,800 MT › Throughput : 4,000,000 MT at full › Throughput : Exi
Slide 11: Gas Division - Pipelines will change the future of Terminalling
Gas Division - Pipelines will change the future of Terminalling • IHB has made significant progress on the KGPL pipeline (aka Central India LPG pipeline) which is expected to commission phase 1 by December 2022. This is world’s longest LPG pipeline 2800 km long and with a capacity to carry 8.25 mill
Slide 12: Gas Division Performance- EBITDA
Gas Division Performance- EBITDA* Rs. in Cr. Increasing throughput Increase in wallet Increasing Retail & by continuous capacity share & Addition in Distribution Sustainable Business expansion new customers business of LPG Average ~51 Average ~77 Average ~106 Average ~91 122 122 108 99 101 89 91 85
Slide 13: Liquid Division – Sustainable performance delivered
Liquid Division – Sustainable performance delivered Revenue (Rs. In Cr.) Normalized EBITDA* (Rs. In Cr.) Revenue +13% +24% +14% 234 173 64 208 56 183 140 168 103 104 130 95 Q2 FY21 Q2 FY22 Normalized EBITDA* +17% FY18 FY19 FY20 FY21 H1FY22 FY18 FY19 FY20 FY21 H1FY22 46 40 New Capacities fully operat
Slide 14: Liquid Division – Expansion Plans
Liquid Division – Expansion Plans Built up of Capacities Kochi Expansion (‘000 KL) Capacity : 20,000 KL 75 853 25 Project Cost : Rs. 15 Crs 50 Completion Date : H2 FY22 140 120 174 Haldia Expansion 120 Capacity : 53,500 KL 71 54 Project Cost : Rs. 35 Crs 273 51 Completion Date : H1 FY22 20 Mangalore
Slide 15: Business Overview
Business Overview
Slide 16: Aegis at a glance
Aegis at a glance Liquid Division Business Activities EBITDA Contribution Gas Division › Third Party Liquid Logistics (3PL) 69% › O&M Services Q2 FY22 Gas Division Business Activities EBITDA* Rs. 148 Crs › Third Party Gas Logistics (3PL) › Auto Gas Retailing Liquid › Packed LPG Cylinders for Commerc
Slide 17: Gas Division
Gas Division
Slide 18: Integrated Supply Chain Service Provider
Integrated Supply Chain Service Provider To provide integrated logistics services from sourcing, storing, moving and distributing products for our customers Auto Gas, Commercial & Industrial Distribution Pipelines & Connectivity Storage Terminals • Network of 129 Autogas Strategic stations in 10 sta
Slide 19: Overcoming India’s clean cooking challenge
Overcoming India’s clean cooking challenge ('000 Metric Tonnes) ('000 Metric Tonnes) Consumption of LPG in India Production & Imports of LPG in India 16,527 27,591 Production Imports Consumption 12,072 › CAGR: 7.1% 6,149 Imports / Consumption (%) 2000-01 12% 853 2020-21 60% 2000-01 2001-02 2002-03 2
Slide 20: Government pushes for LPG in rural
Government pushes for LPG in rural Focus of GoI on LPG Penetration In. Millions LPG Active Domestic Coverage PMUY beneficiaries 279 285 370 265 224 199 166 72 80 80 80 20 36 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Oct-20 Apr-21 2013: PAHAL (DBTL) 2016: GiveItUp Campaign 2016: PM Ujjwala Yojana 2020: PM G
Slide 21: Significant investments and infrastructure strengthening in LPG sector
Significant investments and infrastructure strengthening in LPG sector Existing major LPG pipelines in India Gross Tankage* ('000 Metric Tonnes) Name of Pipeline Owner Length (KM) Capacity (MMT) Panipat-Jalandhar pipeline IOCL 280 0.70 +14% 978 988 Paradip Haldia Durgapur pipeline (1) IOCL 873 1.30
Slide 22: Increasing LPG imports will need Terminal Capacity
Increasing LPG imports will need Terminal Capacity (Million Metric Tonnes) Domestic Supply Base Case Demand High Growth Scenario Linear (High Growth Scenario) 60 50 Imports : 38 40 30 27.59 Imports : 25 20 Imports : 16.5 10 12.07 0 Source: PPAC/IOC and Management Estimates 22
Slide 23: Growth investment to double the capacity by end 2022
Growth investment to double the capacity by end 2022 LPG Static Capacity Post Expansion ('000 Metric Tonnes) Static Capacity MT Mumbai Pipavav +87 MT 20 20 22 112 ~4x 5 2015-16 2020-21 2015-16 2020-21 63 63 Haldia Kandla 38 28 25 45 25 NIL NIL 2015-16 2016-17 2017-18 2018-19 2019-20 2021-22 (E)* 201
Slide 24: Advantage Aegis will be long gestation period for LPG Infrastructure
Advantage Aegis will be long gestation period for LPG Infrastructure LPG Throughput Capacity Post Expansion ('000 Metric Tonnes) Throughput Capacity MT Mumbai Pipavav +8,850 MT 1,500 1,600 9,600 ~13x 500 250 2015-16 2020-21 2015-16 2020-21 5,000 5,000 Haldia Kandla 2,500 2,500 4,000 1,300 750 NIL NI
Slide 25: Way forward for the LPG retailing
Way forward for the LPG retailing Growth plans in Retail LPG business AutoGas Commercial LPG Market Domestic LPG Market LPG Bottling Plants Current : 129 stations over Expansion into a national Expansion in Tier 1, 2 & 3 Up to 37 LPG bottling plants 10 states distribution network for urban cities wi
Slide 26: Liquid Division
Liquid Division
Slide 27: Liquid terminals to handle diversified products
Liquid terminals to handle diversified products › Provides import, export, storage, and logistics services, handling Class A, B, and C products as well as all types of chemicals, POL Products and Vegetable Oils › Tanks includes MS, SS, Epoxy Coated, IFR tanks › Pipeline connectivity with major clien
Slide 28: Experience & Relationships
Experience & Relationships
Slide 29: Strong Management Team
Strong Management Team Raj Chandaria Sudhir Malhotra Chairman & MD Group President & COO Rajiv Chohan K.S. Sawangt Murad Moledina President – Business Development President – Operations & Projects Chief Financial Officer 29
Slide 30: Large & Diversified Client Relationships
Large & Diversified Client Relationships The Brand names mentioned are the property of their respective owners and are used here for identification purpose only 30
Slide 31: Resilient Business Performance
Resilient Business Performance
Slide 32: Q1FY22 & H1FY22 - Consolidated profitability statement
Q1FY22 & H1FY22 - Consolidated profitability statement Rs. In Cr. Q2 FY22 Q2 FY21 Y-o-Y % Q1 FY22 Q-o-Q% H1 FY22 H1 FY21 Y-o-Y% Revenue 635 650 -2% 678 -6% 1,313 1,287 2% Cost of Sales 445 488 524 969 976 Others 42 38 40 82 68 Normalized EBITDA (Segment) * 148 125 19% 114 30% 262 243 8% Finance, Hed
Slide 33: Consolidated balance sheet
Consolidated balance sheet ASSETS (Rs. In Cr.) Sept-21 Mar-21 EQUITIES AND LIABILITIES (Rs. In Cr.) Sept-21 Mar-21 Non-Current Assets Equity Property, Plant and Equipment 1,681 1,709 Equity Share Capital 35 35 Capital Work in Progress 607 488 Other Equity 2088 1,901 Other Intangible Assets 1 1 Equit
Slide 34: Cash flow generation with a disciplined capital investment
Cash flow generation with a disciplined capital investment In Rs. Crs Sept-21 Sept-20 Profit before tax 214 137 Operating Profit Before Working Capital Changes 244 227 Net cash inflow from operating activities (A) 168 159 Net cash inflow/(outflow) from investing activities (B) -49 -78 Net cash outfl
Slide 35: Increasing dividend to create shareholders value
Increasing dividend to create shareholders value Dividend 32% 35% 44% 34% 24% 32% 34% 25% 22% 45%* 28%* Payout Dividend Paid Net Profit 252 250 Rs. In Cr. 198 134* 120 113 103 70 61 56 61 47 50 36 41 34 22 21 25 15 15 8 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 *Includes non-cash expens
Slide 36: Aegis Vopak Terminals Limited
Aegis Vopak Terminals Limited
Slide 37: Formation of JV – Aegis Vopak Terminals Ltd
Formation of JV – Aegis Vopak Terminals Ltd ▪ Aegis and Vopak propose to form a JV to take advantage of the numerous growth opportunities in the field of oil, gas and Aegis is India’s leading liquid chemical logistics in India and LPG tank terminal owner and operator ▪ JV co to be named Aegis Vopak
Slide 38: Enhancing Stakeholders Value
Enhancing Stakeholders Value Benefits from the Deal Existing Business of Aegis Way Forward • Scale up its Liquid and LPG Core Principles of Strong Balance Terminals business on an Sheet & Free Cash Flows accelerated basis • 100% owned Mumbai liquid and LPG terminals • Pool financial, management and
Slide 39: Thank You
Thank You Aegis Logistics Limited CIN: L63090GJ1956PLC001032 Mr. Murad Moledina, CFO murad@aegisindia.com Ms. Payal Dave +91 9819916314 Payal.Dave@linkintime.co.in Mr. Sagar Shroff +91 9820519303 sagar.shroff@linkintime.co.in
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