Filatex India Ltd · NSE:FILATEX
Filatex India — Q3 FY2021 Earnings Presentation
33 slides from Filatex India's earnings presentation, January 2021
Slide 1: Stock exchange intimation letter for Investor Presentation Q3FY21
FILATEX INDIA LIMITED c,nnli i9dn" oplco<j<w91 FIL/SE/2020-21/43 12th January, 2021 National Stock Exchange of India Limited BSE Limited Listing Department Listing Department 5th Floor, Exchange Plaza, C -l, Block-G, 25th Floor, Pheroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalai Street
Slide 2: Investor Presentation Q3FY21
FILATEX INDIA LIMITED Investor Presentation Q3FY21 Refer to disclaimer at end January 2021
Slide 3: Q3FY21 Highlights
Q3FY21 Highlights The Company has achieved its highest ever quarterly EBIDTA of Rs. 120.02 crores and EBITDA margin of 16.65% Commissioned & commenced captive rooftop solar power plants of 1.0 MW capacity at Dahej & 0.4 MW capacity at Dadra w.e.f. 30th December 2020 Steady increase in demand in the
Slide 4: Key message
Key message Madhu Sudhan Bhageria Chairman & Managing Director We are excited to announce that we have achieved our highest quarterly EBIDTA of Rs. 120.17 crores and improved EBITDA margins to 16.65% as against 7.57% in Q3FY20. After facing a pandemic setback in H1FY21, we are now making a comeback
Slide 5: Company Overview
Company Overview We are one of India’s Top 5 Manufacturers of Polyester Filament yarns. Our Vision We manufacture polyester and polypropylene multifilament yarn and To be one of the leading polyester yarns manufacturer polyester chips. We have two manufacturing facilities; one at Dadra & producing p
Slide 6: Our Journey
Commissioned bright Our Journey Polymerization capacity of 300 TPD for spinning 190 TPD of FDY, 25 TPD Set-up of Poly-Condensation of POY, and cut balanced 85 TPD of plant of 600 TPD capacity Bright Chips at Dahej, Gujarat Added manufacturing of Commenced DTY expansion along with 250 TPD Spinning Po
Slide 7: Global Presence
Global Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia ItalySloveniaAzerbaijan New Delhi Facilities Portugal Spain Uzbekistan TurkeyIran South Korea Dadra & Nagar Havelli Dominican Greece Mexico Republic Morocc
Slide 8: Production Capacities
Production Capacities PRODUCTION CAPACITIES | FY 2020-21 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,
Slide 9: Production Process Flow (Dahej)
Production Process Flow (Dahej) Partially Oriented POY Yarns PTA MEG PTA MEG Draw Texturizing DTY Yarns FDY Fully Drawn Yarns TIO2 PTA Paste Tank PTA Paste Tank BASO4 730 TPD 320 TPD ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -2 ESTERFICATION REACTOR -2 PRE POLY REACTOR
Slide 10: Q3 & 9M FY21 Performance Highlights
Q3 & 9M FY21 PERFORMANCE HIGHLIGHTS FIL | Investor Presentation | Q3 FY 2020-21
Slide 11: Quarterly Results (QoQ)
Quarterly Results (QoQ) 721.59 120.17 91.18 66.03 507.78 44.52 12.68 9.39 Q2 FY21 Q3 FY21 Q2 FY21 Q3 FY21 Q2 FY21 Q3 FY21 Q2 FY21 Q3 FY21 Revenue EBIDTA PBT PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore) FIL | Investor Presentation | Q3 FY 2020-21 10
Slide 12: Quarterly Results (YoY)
Quarterly Results (YoY) 737.73 721.59 120.17 91.18 66.03 55.88 26.23 18.57 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Revenue EBIDTA PBT PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore) FIL | Investor Presentation | Q3 FY 2020-21 11
Slide 13: Quarterly Production (QoQ & YoY)
Quarterly Production (QoQ & YoY) 90,102 92,026 85,760 86,535 6,936 - 8,498 394 85,760 86,141 83,166 83,528 75,235 72,733 5,031 6,284 67,702 68,951 Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 Yarns Chips Yarns Chips Total Production* Total Sales (MTPA) (MTPA) * Net of Captive FIL | Investor Prese
Slide 14: 9MFY21 Results (YoY)
9MFY21 Results (YoY) 2,114.75 90.18 100.44 159.74 158.48 66.48 1,374.40 47.35 9M FY20 9M FY21 9M FY20 9M FY21 9M FY20 9M FY21 9M FY20 9M FY21 Revenue EBIDTA PBT PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore) FIL | Investor Presentation | Q3 FY 2020-21 13
Slide 15: 9MFY21 Production (YoY)
9MFY21 Production (YoY) 2,44,753 2,40,624 18,785 20,872 2,25,968 2,19,752 1,82,208 1,74,788 10,436 9,044 1,71,772 1,65,744 9M FY20 9M FY21 9M FY20 9M FY21 Yarns Chips Yarns Chips Total Production* Total Sales (MTPA) (MTPA) * Net of Captive FIL | Investor Presentation | Q3 FY 2020-21
Slide 16: Profit & Loss | Q3 FY21
Profit & Loss | Q3 FY21 (INR in Crore)1 Q3 FY21 Q2 FY21 QoQ % Q3 FY20 YoY % Net Revenue from operations (Net of Taxes) 721.59 507.79 42.10 737.73 (2.19) Other income 1.80 1.46 23.29 1.44 25.00 Total Revenue 723.39 509.25 42.05 739.17 (2.13) Total Expenses 632.21 496.57 27.32 712.94 (11.32) Cost of m
Slide 17: Profit & Loss | 9M FY21
Profit & Loss | 9M FY21 (INR in Crore)1 9M FY21 9M FY20 YoY % Net Revenue from operations (Net of Taxes) 1,374.39 2,114.77 (35.01) Other income 4.11 6.69 (38.57) Total Revenue 1,378.50 2,121.46 (35.02) Total Expenses 1,311.92 2,031.27 (35.41) Cost of materials consumed 968.76 1,712.13 (43.42) Change
Slide 18: Growth Drivers
GROWTH DRIVERS FIL | Investor Presentation | Q3 FY 2020-21
Slide 19: Polyester – The Preferred Fiber
Polyester – The Preferred Fiber 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 20: World Fibre Production (2008-2018)
World Fibre Production (2008-2018) Source: DNFI (in 1000 MT) 2008 % 2018 % CAGR Growth CONTRIBUTION TO FIBRE Natural Fibres GROWTH IN THE LAST DECADE Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 5% Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887) 19% Total Natural 30,555 40.69 32,204 28.93
Slide 21: Growth Drivers - External
Growth Drivers - External Exports Opportunity Removal of Anti-Dumping Duty on PTA ▪ Cost competitiveness and increase in texturizing machines ▪ Removal of anti-dumping duty on raw material will allow the will open new export opportunities for the company Indian manufacturers to compete domestically
Slide 22: Growth Drivers - Internal
Growth Drivers - Internal (₹ in Crore) Increase Focus on Exports Value-Added Products With new texturizing machines coming in, exports of Expansion of DTY from 200 TPD to 400 TPD has been the company will increase on account of texturized yarn, installed and will help improve overall margins of the
Slide 23: Historical Performance
HISTORICAL PERFORMANCE FIL | Investor Presentation | Q3 FY 2020-21
Slide 24: Our Growth
Our Growth Net Revenue (₹ in Crore) EBIDTA (₹ in Crore) (₹ in Crore) 216.5 222.1 250 2,874.10 2,782.07 200 156.6 1,927.59 132.8 1,551.01 150 1,278.23 87.5 100 50 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 CAGR = 21.46% CAGR = 26.08% PAT (₹ in Crore) PBT (₹ in Crore) 121.5* 140 128.6 122.0 1
Slide 25: Operational Performance
Operational Performance Total Production(MTPA) Total Sales (MTPA) 3,32,185 3,23,545 26,657 28,032 2,79,595 2,81,857 32,054 32,420 2,21,422 2,19,167 1,99,165 * 33,559 1,89,945 31,758 29,425 1,59,506 * 24,601 1,56,768 3,05,528 2,95,513 29,415 26,729 2,47,541 2,49,437 1,87,863 1,87,409 1,69,740 1,65,34
Slide 26: Profit & Loss | FY20
Profit & Loss | FY20 (INR in Crore) FY20 FY19 YoY % Net Revenue from operations (Net of Taxes) 2782.1 2874.1 (3.2)% Other income 12.4 11.8 5.1% Total Revenue 2794.5 2885.9 (3.2)% Total Expenses 2672.5 2757.3 (3.1)% Cost of materials consumed 2255.6 2351.0 (4.1)% Changes in inventories (41.6) 13.6 (4
Slide 27: Balance Sheet - Assets | FY20
Balance Sheet - Assets| FY20 (INR in Crore) 2015-16 2016-17 2017-18 2018-19 2019-20 Non-Current Assets 525.4 665.9 962.0 1,017.8 1,217.0 Property, plant and equipment 492.3 628.4 944.5 927.9 1,115.3 Capital work-in-progress 18.0 5.7 6.4 71.5 66.5 Other Intangible Assets 0.1 0.2 0.4 0.7 0.7 Financial
Slide 28: Balance Sheet – Equity & Liabilities | FY20
Balance Sheet – Equity & Liabilities| FY20 (INR in Crore) 2015-16 2016-17 2017-18 2018-19 2019-20 EQUITY 209.5 325.0 385.4 472.1 594.9 Equity Share capital 32.0 43.5 43.5 43.5 43.9 Other equity 164.6 281.5 341.9 428.6 551.0 Money received against share warrants 12.9 - - - - LIABILITIES 671.3 733.9 1
Slide 29: Our Products
OUR PRODUCTS FIL | Investor Presentation | Q3 FY 2020-21
Slide 30: Our Products
Our Products Polyester Chips Polyester Partially Oriented Yarns (POY) Industrial intermediate product used to Intermediate product, post Texturizing used for manufacture Polyester yarns. knitting & weaving different kinds of Fabrics. Fully Drawn Yarns (FDY) Drawn Textured Yarns (DTY) Fully drawn pol
Slide 31: Catering to Diverse End-Uses
Catering to Diverse End-Uses Home Textiles & Women Wear & PPE Kits & Athleisure Apparel Furnishings Inner Wear Protective Masks Fully Drawn Yarns of The preferred material for Polyester is extensively In these garments, feeling Polyester & Polypropylene Polyester are being used sportswear is Polyest
Slide 32: 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 33: Filatex India Limited
For more information, Please contact Filatex India Limited KAPTIFY BHAGERIA HOUSE, 43 Community Centre, Strategy & Investor Advisory | Consulting New Friends Colony, New Delhi –110025 2/3/4 Floor, Duru House, Juhu Tara Road, Mumbai 400049 Ph: +91-11-26312503 Tel: +91-845 288 6099 | Email: contact@ka