Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (May 2017)
26 slides from Indraprastha Gas's investor presentation, May 30, 2017
Slide 1: Indraprastha Gas Limited: An Overview
INDRAPRASTHA GAS LIMITED An Overview 30.05.2017 1
Slide 2: About us
About us Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. IGL started its operations in NCT of Delhi in 1999 with 9 CNG stations and 1000 PNG consumers Today IGL has its operations in NCT of Delhi, Noida, Greater Noida and Ghaziabad with
Slide 3: Shareholding Pattern
Shareholding Pattern Percentage of holding as on 1ST April 2017 1 3
Slide 4: Management
Management IGL Board is fairly well diversified with ten members including two each from GAIL and BPCL, one from Govt. of Delhi and five independent directors. The company is beneficiary of its strong parentage and gets significant support from GAIL and BPCL relating to operations and management. Th
Slide 5: Area of Operation
Area of Operation Delhi: National capital of India has huge demand potential: where all public transport vehicles have to be necessarily run on CNG in view of the directions of the Hon. Supreme Court of India. has the highest number of private cars compared to any other city of India thickly populat
Slide 6: New Geographical Area
New Geographical Area IGL has been authorised for Rewari geographical area in the recent 6th round of bidding by PNGRB . IGL has started sale of CNG at two OMCs outlets in Rewari and sale of PNG to Domestic households is expected to start from June’. IGL has participated in bids for new geographical
Slide 7: Segment & Current Sales Volume Mix
Segment & Current Sales Volume Mix Percentage of sales mix 7
Slide 8: Sales Volumes
Sales Volumes Figures in MMSCM CAGR last FY13 FY14 FY15 FY16 FY17 five years CNG 1,005 1,028 1,073 1,123 1,269 6% PNG 333 356 330 342 406 8% Total Sale 1,338 1,384 1,403 1,465 1,675 7% Daily Average 3.67 3.79 3.84 4.00 4.59 7% Sale 8
Slide 9: Gas Sourcing
Gas Sourcing Firm allocation from Govt. of India of domestic gas for the entire consumption of CNG and PNG Domestic segment. Lower prices of domestic gas makes the economics of switching to gas more attractive driving growth in CNG & PNG- Domestic segments which constitute around 81% of the total sa
Slide 10: Current Gas Mix
Current Gas Mix Percentage of gas mix MMSCMD % Mix APM 3.15 67% PMT 1.05 22% RLNG 0.54 11% Total 4.47 100% 10
Slide 11: Growth in CNG
Growth in CNG March'1 March'1 March'1 March'1 March' Unit 3 4 5 6 17 No. of CNG Stations Nos 324 325 326 340 421 Compression (Lakh 63.83 66.17 68.49 68.59 74.00 Capacity kg/day) (Lakh Average CNG Sale 20.72 21.20 22.07 22.79 25.24 kg/day) 11
Slide 12: CNG Station Network
CNG Station Network Figures in numbers DTC/ Station IGL OMC Total UPSRTC Online 135 55 186 376 Daughter Booster 0 0 41 41 Daughter 0 0 4 4 Total 135 55 231 421 12
Slide 13: CNG Vehicles
CNG Vehicles Figures in numbers CAGR March'1 last March'14March'15 March'16March'17 3 five years Buses 18826 19566 19421 19272 21500 3% Auto/LGV/RTV 207914 220391 241540 259500 277972 12% Cars/Taxi 460926 514801 556156 589801 672215 13% Total 687666 754758 817117 868573 971687 12% Estimated figures
Slide 14: PNG Users
PNG Users Figures in numbers Category March'13 March'14March'15 March'16 March'17 Domestic 386696 459467 560752 636318 742205 Commercial/ 1382 1876 2292 2580 2870 Industrial Total 388078 461343 563044 638898 745075 14
Slide 15: PNG Network
PNG Network Figures in kilometers CAGR last March'1 Category March'14March'15 March'16March'17 3 five years Steel Pipeline 631 658 681 707 778 6% MDPE Pipeline 7783 8438 8966 9444 9940 9% Total 8414 9096 9647 10151 10718 9% 15
Slide 16: Standalone Financial Data
Standalone Financial Data Rs./Crores FY13 FY14 FY15 FY16 FY17 CAGR Gross Turnover 3724 4319 4049 4052 4205 9% Total Comprehensive 354 360 438 419 570 13% Income EPS (Rs./share) 25 26 31 30 41 13% Book Value 107 126 157 180 209 19% (Rs./Share) 16
Slide 17: Cumulative Capex
Cumulative Capex Rs. in Crores 17
Slide 18: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years Year % of equity FY 13 55 FY 14 55 FY 15 60 FY 16 60 FY 17 85* *Including interim dividend 18
Slide 19: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) for Rs. 69 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquired 50% equity share capital of Maharashtra Natural Gas Lim
Slide 20: Consolidated Results
Consolidated Results The standalone and consolidated financial results for the FY 2016-17 with the Associates i.e. CUGL & MNGL on equity method considering 50% share in profit are as under. Parameter Unit StandaloneConsolidated PAT Rs. in Crores 570.21 605.28 EPS Rs./Share 40.73 43.23 20
Slide 21: Growth-Strategy
Growth-Strategy Improve/Augment CNG infrastructure/Stations in Delhi & NCR to meet the additional demand in view of conversion of private cars and improvement in public transport system Improve penetration of PNG business : • Penetration of network in all charge areas • Target Industrial/Commercial
Slide 22: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Regained the status of zero debt company. Comfortable working capital position. ICRA Limited (An associate of Moody’s Investors Service) has reaffirmed highest credit ratings of AAA (Stable) for term loan and A1+ for
Slide 23: Risks & Mitigations
Risks & Mitigations Gas price CNG & PNG-Residential prices remains competitive vis-à-vis petrol and subsidised LPG in view of allocation of domestic gas Spot/short term gas is purchased to reduce the weighted average cost of gas for I/C segment. Sourcing of gas Firm allocation from Govt. of India fo
Slide 24: DDA Case
DDA Case Delhi Development Authority (DDA) has raised a total demand of Rs. 155.64 Crore during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up CNG stations in Delhi. The increase in license fees was related to the period 1 Apr
Slide 25: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of
Slide 26: Thank You
Thank You Indraprastha Gas Limited IGL Bhawan Plot No. 4, Community Centre Sector 9, R K Puram New Delhi - 110022 Phone : 91-11-46074607 Fax : 91-11-26171860/26171863/26171921 Website : www.iglonline.net