Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q2 FY25 Earnings Presentation
28 slides from Ig Petrochemicals's earnings presentation, Nov 14, 2024
Slide 1: Exchange filing cover letter - Investor Presentation Regulation 30
14th November, 2024 SECT/1042 BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza 1st Floor, P J Towers Bandra Kurla Complex Dalal Street Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 500199 Scrip Code: IGPL Dear Sir, Sub: Investor Pre
Slide 2: Investor Presentation – November 2024
Investor Presentation – November 2024
Slide 3: 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 4: Q2 & H1 FY25 Highlights
Q2 & H1 FY25 Highlights
Slide 5: Q2 & H1 FY25 Performance Highlights
Q2 & H1 FY25 Performance Highlights Revenue^ (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) Margin 6.5% 11.7% 9.3% 11.9% 2.0% 4.8% 4.3% 5.4% 587 1,182 69 140 28 64 509 1,072 100 46 33 10 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Key Highlights • Total
Slide 6: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Crs) Q2 FY25 Q2 FY24 Y-o-Y H1 FY25 H1 FY24 Y-o-Y Total Revenue^ 587.5 509.1 15.4% 1,182.2 1,071.7 10.3% Raw Material 441.9 412.1 894.9 843.5 Employee Expenses 23.3 18.9 46.2 41.4 Other Expenses 53.5 44.8 100.9 87.0 EBITDA 68.8 33.3 106.9% 140.2 99.8 40.5% EBI
Slide 7: Balance Sheet
Balance Sheet Particulars (Rs. Crs) Sep-24 Mar-24 Particulars (Rs. Crs) Sep-24 Mar-24 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 980.1 984.4 Capital Work-In-Progress 11.0 3.0 Other Equity 1,249.2 1,208.6 Goodwill 2.0 2.0 Total Equity 1,280.0 1,239.4 Other
Slide 8: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) Sep- 24 Sep- 23 Net Profit Before Tax 82.2 62.2 Adjustments for: Non-Cash Items / Other Investment or Financial Items 48.6 21.0 Operating profit before working capital changes 130.7 83.2 Changes in working capital -81.6 28.0 Cash generated from Operations 49
Slide 9: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business Rs 170 Crores Rs 120 Crores Rs 156 Crores Rs 54 Crores Rs 45 Crores Rs 92 Crores FY20 FY21 FY22 FY23 FY24 H1 FY25 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA),
Slide 10: Moving towards Green Energy
Moving towards Green Energy Plan to set up Compressed Biogas (CBG) plant in Raichur, Karnataka is now under implementation • To set up Compressed Biogas (CBG) plant to explore the existing and upcoming opportunities in India • Products: ✓ Compressed Biogas ✓ Solid Fertilizer (By-Product) • Feedstock
Slide 11: Moving up the value chain
Moving up the value chain To set up wide range of Plasticizers Plasticizers Setting up plant at Taloja, Maharashtra Di-ethyl Phthalate (DEP) • Project cost: Appx. Rs 165 crores (Excluding GST) Benzoic Acid (BA) • Expect commercialization to start by Q3FY26 • Mode of Financing: Mix of Debt and intern
Slide 12: Company Overview
Company Overview
Slide 13: Company Snapshot
Company Snapshot India’s only Incorporated in 1988 Maleic Anhydride* Manufacturer World’s Largest PAN* Manufacturer at Single Location > 50% Domestic Market Share of PAN* India’s Largest Phthalic Anhydride Manufacturer Current Products: Phthalic 20+ End User Industries Served Anhydride, Maleic Anhyd
Slide 14: Phthalic Anhydride Overview
Phthalic Anhydride Overview PAN is a versatile intermediate in organic chemistry and a downstream product of a basic petrochemical, Orthoxylene (Ox). It is used as an intermediate to produce Plasticizers, Unsaturated Polyster Resins, and Alkyd Resins & Polyols. It finds application in both consumer
Slide 15: Diversification Into Non-Phthalic Anhydride Products
Diversification Into Non-Phthalic Anhydride Products Maleic Anhydride Benzoic Acid Di-ethyl Phthalate (DEP – Advance Plasticizers) Current Products Plasticizers › Phthalic Anhydride › Maleic Anhydride Biofuels such as › Benzoic Acid compressed biogas, etc. › Di-ethyl Phthalate 14
Slide 16: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities World’s Largest PAN Manufacturer at Single Location Undertaken Significant Process Enhancement Initiatives along with capacity expansions and product diversification Six-sigma quality control processes and ERP systems across the organization Steam generated
Slide 17: Diversified End-User Industry
Diversified End-User Industry 20+ Phthalic End User Anhydride Plasticizers Alkyd Resins & Paints Unsaturated Polyester Resins CPC Pigments Industries Maleic Anhydride Lubricant Additive Agro Chemicals Plastics Unsaturated Polyester Resins 120+ Clients Benzoic Acid Perfume Insect Repellent Speciality
Slide 18: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 We are well India’s Significant We are the We produce MAN We have Lower prepared to Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 19: Led by Stable Demand
Led by Stable Demand Paints & Resins Plasticizers Specialty Chemicals Medical Device Synthetic Leather Lubricants Building & Cables & Wires Construction Packaging Films Personal Care Perfumes & Fragrance Construction Sustainable Growth Infrastructure Development Make in India Push Increase in Consum
Slide 20: Initiatives for Sustainability
Initiatives for Sustainability • Set up of roof top Solar Electric Panel to reduce dependence on MSEB Grid ~ promoting Green Energy in Plant Operations. • Various Initiatives undertaken for the conservation of key resources like recycling of wastewater used in cooling towers. Overall Water consumpti
Slide 21: CSR & ESG Awards and recognitions
CSR & ESG Awards and recognitions • Recognized by UBS Forums Pvt. Ltd. For CSR Leadership and Best Skill Development Initiative in the Chemical Sector. • Awarded in the category of Employee Retention Strategy and Best Talent Management of the Year at the India HR Summit & Awards 2024. Conferred with
Slide 22: CSR Initiatives
CSR Initiatives Association with Saraswati Shishu Mandir Trust for the construction of School in Vrindavan which was named after the Co-founder of the Company Late Shri Shyam Sunder Dhanuka. The school was completed during the year and started functioning in early 2023 for pre-primary and primary se
Slide 23: CSR Initiatives
CSR Initiatives Collaborated with Enviro Forest Creators to create dense, native forests, promote biodiversity and combat climate change through the Miyawaki method. MIYAWAKI PLANTATION More than 30,000 plants were planted spread over two acres of land in Taloja comprising of varieties of species li
Slide 24: Board of Directors
Board of Directors Shri M M Dhanuka Shri Nikunj Dhanuka Non-executive Chairman Managing Director & CEO Background : B.E. (Chem) and a founder member of the Background : Management Graduate and is associated with the Company along with his brother Late Shri Shyam Sunder Dhanuka. Company since 1998. I
Slide 25: Financial Highlights
Financial Highlights
Slide 26: Financial Trends
Financial Trends Total Revenue ^ (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 2,375 2,130 1,892 416 267 340 200 303 190 1,065 1,128 1,182 136 140 78 64 21 40 FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 EBITDA Margin (%) PAT Margin (%) 27% 22% 17% 14% 1
Slide 27: Way Forward
Way Forward Setting up Compressed Biogas (CBG) plant to Setting-up of plasticizer plant to manufacture explore the existing and upcoming downstream products of PAN opportunities in India Exploring Downstream Chemistries Targeting ~30% Diversification into Non-PAN Business in the coming years Phthali
Slide 28: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Ms. Preeti Maurya – Sr. Finance Manager Email - pbhandari@igpetro.com / pmaurya@igpetro.com www.igpetro.com You http://www.sgapl.net/images/sgapl_logo.jpg Strategic Growth Advi