Filatex India Ltd · NSE:FILATEX
Filatex India — Investor Presentation (June 2019)
28 slides from Filatex India's investor presentation, June 2019
Slide 1: Investor Presentation
INVESTOR PRESENTATION June 2019 BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 | WWW.FILATEX.COM ©2019 – Filatex India Limited, All Rights Reserved
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Filatex India 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 securiti
Slide 3: Company Overview
Company Overview 2 42 ~2200 Manufacturing Countries Employees Units global exports TPA TPA 328,300 383,000 FILATEX INDIA LIMITED Production Capacity (FY 2018-19) Production Capacity (FY 2019-20) IS ONE OF INDIA’S TOP 5 MANUFACTURERS OF POLYESTER FILAMENT YARNS PRODUCTS PET Polyester Polypropylene Ch
Slide 4: Our Performance
Our Performance (₹ in Crore) NET REVENUE EBITDA PAT 85 217 2,874 .3% 6 8% 1 R % 8. AG 0.7 2 C GR R7 CA C AG 1,573 79 10 FY15 FY19 FY15 FY19 FY15 FY19 FIL ATE X INDIA L IM ITE D – IN V E STO R P R E SE N TATIO N | WWW.F IL ATE X .C O M 4
Slide 5: Timeline
Timeline Set-up a new Poly-Condensation plant of 600 1994 Commenced Production of TPD, in which capacity along with 250 TPD Mono Filament Yarns at Noida 2012 Spinning of POY and balance 350 TPD of Chips at Dahej, Gujarat Commenced production of Fully Drawn Yarns (FDY) with total capacity of 115 2016
Slide 6: Diversified Product Portfolio
Diversified Product Portfolio Narrow Woven Fabrics Polyester Chips Used in manufacture of Carpets, Rugs, Industrial intermediate product used to Tapes, Ribbons and Zippers manufacture Polyester yarns. Polypropylene Multifilament Crimp Yarns Polyester Partially Oriented Yarns (POY) Different shades a
Slide 7: Catering To Diverse End Users
Catering To Diverse End Users Home Textiles & Women Wear & Furnishings Athleisure Apparel Inner Wear Fully Drawn Yarns of Polyester are The preferred material for Polyester Filament Yarns are In these garments, feeling of being used for Home Furnishings, sportswear is Polyester Yarn. extensively use
Slide 8: Polyester – The Preferred Fibre
Polyester – The Preferred Fibre WE BELIEVE THAT POLYESTER WILL BE FIBRE OF THE FUTURE. FILATEX HAS FOCUSED ITS FUTURE GROWTH PLANS ON POLYESTER FILAMENT YARNS. Affordable Pricing Resistant to Stretching and Shrinking Highly Durable Stain Resistant Easy Wash Ability Faster Dryness POLYESTER High Colo
Slide 9: Our Process
Our Process Purified Terephthalic Mono Ethelyn Acid (PTA) Glycol (MEG) Polyester Partially Oriented Fully Drawn Chips Yarn (POY) Yarn (FDY) Drawn Textured Yarn (DTY) FIL ATE X INDIA L IM ITE D – IN V E STO R P R E SE N TATIO N | WWW.F IL ATE X .C O M 9
Slide 10: Production Process Flowchart
Production Process Flowchart RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT PTA MEG PTA MEG POY Partially Oriented Yarns DTY Draw Texturizing Yarns FDY Fully Drawn Yarns TIO2 PTA Paste Tank PTA Paste Tank BASO4 730 TPD 320 TPD ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -1 ESTERFICATION REACTO
Slide 11: Growth Drivers
Growth Drivers Favourable Demographics Hike in Import Duty § Increasing disposable income and rapid urbanization is likely to result § Import tax on more than 300 textile products doubled to 20% in growing demand for daily wear, casual wear, sportswear & other that will help improvement in utilizati
Slide 12: Geographical Presence
Geographical Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia ItalySlovenia Azerbaijan New Delhi Facilities Portugal Spain Uzbekistan Turkey Iran South Korea Dadra & Nagar Havelli (UT) Dominican Greece Morocco T
Slide 13: Certifications
Certifications ISO ISO BS OHSAS OEKO-TEX 9001 : 2015 14001 : 2015 18001 : 2007 STANDARD 100 FIL ATE X INDIA L IM ITE D – IN V E STO R P R E SE N TATIO N | WWW.F IL ATE X .C O M 13
Slide 14: Awards
Awards Supply Chain Award Fortune Next 500 Best Company Award - Manufacturing FIL ATE X INDIA L IM ITE D – IN V E STO R P R E SE N TATIO N | WWW.F IL ATE X .C O M 14
Slide 15: Board of Directors
Board of Directors Mr. Madhu Sudhan Bhageria Mr. Purrshottam Bhaggeria Mr. Madhav Bhageria Mr. Ashok Chauhan Chairman & Managing Director Joint Managing Director Joint Managing Director Executive Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director
Slide 16: Production Capacities
Production Capacities PRODUCTION CAPACITIES -FY 2019-20 Net Capacity (Post Expansion Net of Captive) Products (MTPA) Production Captive Net %age Polyester Chips - Semi Dull 50,400 21,600 28,800 7.5% 0.6% 7.5% Polyester Chips - Bright 36,000 13,000 23,000 6.0% 19.5% 6.0% Polyester POY - Semi Dull 1,8
Slide 17: Production Split by Volume
Production Split by Volume FY18 FY19 Polyester Chips - Semi Dull Polyester Chips - Bright 1% 10% 2%1% 15% 19% 1% Polyester POY - Semi Dull 24% 1% Polyester POY - Bright 18% Polyester DTY - Semi Dull 2,21,422 2,79,595 1% TPA 23% Polypropylene POY - Semi Dull TPA 1% 19% 3% Polypropylene DTY Polyester
Slide 18: Investment Rationale
Investment Rationale POLYESTER: CHINA COMPETITIVE STRONG PRUDENT FIBRE OF THE FACTOR LANDSCAPE IN BALANCE SHEET MANAGEMENT FUTURE INDIA § Preferred due to its cost § Earlier China used to control § The Textile sector in India had § The management has been § The management of the advantage (closest a
Slide 19: Quarterly Results Summary - Standalone
Quarterly Results Summary - Standalone (₹ in Crore) NET REVENUE EBITDA PAT 21.9% 705.8 55.1 28.1 % 61.1 578.8 .7% 18 17.5 46.4 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 EXPORTS YARN (MTPA) CHIPS (MTPA) 122.9 60,550 11,021 9% .1% % 7. 11 7.1 113.8 54,517 10,287 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q
Slide 20: Full Year Results Summary - Standalone
Full Year Results Summary - Standalone (₹ in Crore) NET REVENUE EBITDA PAT 216.5 % 84.9 1% 2,874.1 38.3 % 41.9 49. 156.6 59.8 1,927.6 FY18 FY19 FY18 FY19 FY18 FY19 EXPORTS YARN (MTPA) CHIPS (MTPA) 431.6 2,47,54 1 33,559 (4.5%) 32,054 31.8% 9% 1 3. 1,87,863 378.9 FY18 FY19 FY18 FY19 FY18 FY19 FIL ATE
Slide 21: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated (₹ in Crore) REVENUE (NET OF EXCISE DUTY) EBITDA 216.6 2,874.1 156.5 1,927.6 133.2 1,572.8 1,551.0 1,278.2 87.5 78.9 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 PBT PAT 128.8 85.0 92.7 59.7 54.3 40.5 32.7 26.3 14.4 9.6 FY15 FY16 FY17 FY18 FY19 FY
Slide 22: Operational Performance
Operational Performance TOTAL PRODUCTION (MTPA) EXPORTS (₹ IN CRORE) 32,054 431.6 378.9 33,559 300.3 24,601 47,053 29,072 2,47,541 1,87,863 1,65,344 1,22,658 1,30,039 102.1 92.0 FY15 FY16 FY17 FY18 FY19 Yarn Volume (MTPA) Chips Volume FY15 FY16 FY17 FY18 FY19 FIL ATE X INDIA L IM ITE D – IN V E STO
Slide 23: Profit & Loss - Consolidated
Profit & Loss - Consolidated (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Net Revenue from operations (Net of Excise Duty) 1,572.8 1,278.2 1,551.0 1,927.6 2,874.1 Other income 9.7 10.7 12.1 11.1 11.8 Total Revenue 1,582.5 1,288.9 1,563.2 1,938.7 2,885.9 Total Expenses 1,568.1 1,263.3 1,505
Slide 24: Balance Sheet – Assets (Consolidated)
Balance Sheet – Assets (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Non-Current Assets 409.4 525.4 665.9 962.0 1,017.8 Property, plant and equipment 390.6 492.3 628.4 944.5 927.9 Capital work-in-progress - 18.0 5.7 6.4 71.5 Other Intangible Assets - 0.1 0.2 0.4 0.66 Financia
Slide 25: Balance Sheet – Equity & Liabilities (Consolidated)
Balance Sheet – Equity & Liabilities (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 EQUITY 170.3 209.5 325.0 385.4 472.1 Equity Share capital 32.0 32.0 43.5 43.5 43.5 Other equity 138.3 164.6 281.5 341.9 428.6 Money received against share warrants - 12.9 LIABILITIES 546.2 671.
Slide 26: Future Strategy
Future Strategy Increase Focus on Exports Captive Power Plant With new texturizing machines coming in, exports The Company is planning to set-up 31.4 MW captive of the company will increase and lead to an power plant (30 MW Thermal and 1.4 MW Solar). increase in the overall margins of the company on
Slide 27: Shareholder Information
Shareholder Information STOCK DATA (AS ON 31 ST MARCH 2019) SHAREHOLDING PATTERN (AS ON 31 ST MARCH 2019) Stock Price (INR) 53.20 5% Promoters Market Capitalization (INR) 1,157.10 Non-Institution Shares Outstanding 21.75 Cr. 37% Institution Free Float 42.00% 58% Symbol (NSE/ BSE) FILATEX/ 526227 STO
Slide 28: For more information, Please contact
For more information, Please contact Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi –110025 Ph: +91-11-26312503 Fax: +91-11-26849915 Email: secretarial@filatex.com BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 Bhageria House, 4