Filatex India Ltd · NSE:FILATEX
Filatex India — Investor Presentation (February 2021)
28 slides from Filatex India's investor presentation, Feb 26, 2021
Slide 1: Filing cover letter to stock exchanges
FILATEX INDIA LIMITED CINN° LI7II9DNI990PLC000091 FIL/SE/2020-21/48 26th February, 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 St
Slide 2: Corporate Presentation February 2021
FILATEX INDIA LIMITED Corporate Presentation February 2021
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION (“PRESENTATION”) DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION OR INDUCEMENT TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF FILATEX INDIA LIMITED (THE “COMPANY”), NOR SHALL IT OR ANY PART OF IT OR THE FACT
Slide 4: Best positioned with favourable industry dynamics
Filatex India Ltd | best positioned with favourable industry dynamics Market Leadership Position Growing Addressable Market Global growth hinged upon Synthetic Indian Textile & Apparel Market (USD Bn) One of the leading producers of Polyester Filament Yarn in India fiber demand Demand (Mn MTPA) 220
Slide 5: Leadership achieved with continuous investment and operating discipline
Leadership achieved with continuous investment and strong operating & financial discipline ● Total Polymerization capacity enhanced to 1,050 TPD from 900 TPD in Q4 FY19 at Dahej. POY expansion commenced in Q2FY20 ● Added spinning of 115 TPD of Fully Drawn Yarn (FDY) in March and 200 TPD of Draw 2020
Slide 6: Key Investment Highlights
Key Investment Highlights End Users market is likely to grow at a CAGR of 12% with increasing share of Man-Made Fibers 2 One of the largest & fastest growing manufacturers of Polyester Filament Yarn in India Two manufacturing facilities equipped with modern Machineries. 3 Track record of continuous
Slide 7: Strong tailwinds in the domestic textile market
1 Strong tailwinds in the domestic textile market High growth potential for MMF in India Consumer Spending has been on the rise Fibre demand to benefit from fast growth expected in India’s GDP MMF Consumption / Capita (kg) Per Capita Private Final Consumption Expenditure (INR) USD Tn Mn MTPA IMF – G
Slide 8: India best suited to garner larger global market share
1 India best suited to garner larger global market share India has the one of the cheapest labour wages globally Favourable market conditions augur well for the industry Labour Wages (USD / Month) China 600 DOMESTIC INTERNATIONAL Vietnam 200 Removal of anti-dumping duty for PTA Reduction in prices o
Slide 9: Superior EBITDA growth from value added products
2 Filatex’s superior EBITDA growth stems from expansion in value added products Filatex has consistently expanded its capacity with an increased focus on key value -added products Quantities sold trends (In MTPA) 115 TPD of FDY & 200 300 TPD spinning,190 TPD Total Polymerization of 150 TPD Fully Dra
Slide 10: Filatex has a wide product portfolio
2 Filatex has a wide product portfolio… Polyester Chips Polyester Partially Oriented Yarns (POY) Industrial intermediate product used to Intermediate product, post Texturizing used for knitting manufacture Polyester yarns. & weaving different kinds of Fabrics. 8% 27% Fully Drawn Yarns (FDY) Drawn Te
Slide 11: Catering to diverse end uses
2 …catering to diverse end uses… Home Textiles & Women Wear & PPE Kits & Protective Athleisure Apparel Furnishings Inner Wear Masks Fully Drawn Yarns of Polyester The preferred material for Polyester is extensively used In these garments, feeling of Polyester & Polypropylene is are being used for Ho
Slide 12: Serving clients across the globe
2 …and serving clients across the globe Export Revenues FY20 1% North America South America 34% 41% Canada Latvia Germany Africa Belarus United Kingdom Czech Poland Georgia United States Europe Croatia Italy Slovenia Azerbaijan 9% Portugal 14% Spain Uzbekistan Turkey South Korea Asia Greece Iran Dom
Slide 13: State-of-the-art manufacturing facilities
3 State-of-the-art manufacturing facilities Filatex has two manufacturing facilities in Dahej (Gujarat) and Dadra. The plant at Dahej is an integrated spinning facility with continuous polymerization Strategically located with strong connectivity Dahej Dadra Mundra 2,60,000 ~ sq.mt. 31,600 ~ sq.mt.
Slide 14: Production Process Flow
3 Production Process Flow POY Partially Oriented Yarns PTA MEG PTA MEG 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 REACTOR -2 ESTERFICATION REACTOR -2 PRE POLY REACTOR PRE PO
Slide 15: Led by reputed promoters and professional management team
Led by reputed promoters with rich experience in textiles and supported by a professional 4 management team • Led the company from production of monofilament yarn (500 • Rich experience in textile industry. Providing consulting in industry TPA) to one of India’s leading producers of multifilament ya
Slide 16: Well recognized for service and reliability
4 Filatex is well recognized for its excellent service & reliability Awards & Recognition Asia Pacific Best Company of the Fortune Next 500 SRTPEC - 3rd Best Export Entrepreneurship Awards Year Award Award, 2019 Performance - Corporate Excellence Certifications ISO 9001:2015 ISO 14001:2015 ISO 45001
Slide 17: Filatex scores highly on critical ESG parameters
4 Filatex scores highly on critical ESG parameters Focus on environmental R&D to minimise waste and reduce carbon footprint • Filatex is developing technology for recycling of Polyester waste. The company has developed a pilot plant adopting Glycolysis process and is currently carrying out trials fo
Slide 18: Financial Performance
Financial Performance (₹ in Crore) Net Revenue EBITDA 8.0% PAT 4.4% (₹ in Crore) (₹ in Crore) (₹ in Crore) 2,874 250 217 222 140 121 2,782 120 200 1,928 157 100 85 6.8% 133 1,551 150 80 1,278 60 87 60 2.1% 100 41 40 26 50 20 0 0 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 F
Slide 19: Financial Performance Q3 FY21
Financial Performance Revenue EBITDA PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) 738 722 16.7% 9.2% 120 66 508 8.9% 7.6% 56 2.5% 45 1.8% 19 9 Q3 FY20 Q2FY21 Q3FY21 Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 Revenue EBITDA PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) 11.5% 2,115 7.6% 4.7% 1,374 160
Slide 20: Operational Performance
Operational Performance Total Production Total Sales (MTPA) (MTPA) 332,185 323,545 26,657 28,032 281,857 279,595 32,420 32,054 219,167 221,422 199,165 * 189,945 31,758 33,559 29,425 24,601 159,506 * 156,768 305,528 26,729 295,513 29,415 249,437 247,541 187,409 187,863 165,344 169,740 130,091 130,039
Slide 21: Operational Performance
Operational Performance Total Production Total Sales (MTPA) (MTPA) 90,102 92,026 85,760 86,535 - 8,498 75,235 394 6,936 72,733 83,166 83,528 6,284 5,031 67,702 68,951 86,141 85,760 Q3 FY20 Q2 FY21 Q3 FY21 Q3 FY20 Q2 FY21 Q3 FY21 Yarns Chips Yarns Chips Total Production Total Sales (MTPA) (MTPA) 244,
Slide 22: Key focus areas going forward
Key focus areas going forward Reduce costs & improve margins Filatex has commenced construction of 30MW captive thermal power plant at Dahej which will reduce electricity costs significantly further expanding profitability. Optimization of product-mix and increasing utilization levels will further i
Slide 23: Detailed financials
Detailed financials
Slide 24: Profit & Loss - Snapshot
Profit & Loss - Snapshot (INR in Crore) FY18 FY19 FY20 Net Revenue from operations (Net of Taxes) 1,928.0 2874.1 2782.1 Other income 11.1 11.8 12.4 Total Revenue 1,938.7 2885.9 2794.5 Total Expenses 1,846.0 2757.3 2672.5 Cost of materials consumed 1,564.7 2351.0 2255.6 Changes in inventories (13.5)
Slide 25: Profit & Loss | Q3 FY21
Profit & Loss | Q3 FY21 (INR in Crore) 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 ma
Slide 26: Balance Sheet – Snapshot
Balance Sheet – Snapshot (INR in Crore) 2017-18 2018-19 2019-20 (INR in Crore) 2017-18 2018-19 2019-20 EQUITY 385.4 472.1 594.9 Non-Current Assets 962.0 1,017.8 1,217.0 Equity Share capital 43.5 43.5 43.9 Property, plant and equipment 944.5 927.9 1,115.3 Other equity 341.9 428.6 551.0 Capital work-i
Slide 27: Cash Flow Statement - Snapshot
Cash Flow Statement - Snapshot Figures in INR crore) 2017-18 2018-19 2019-20 Figures in INR crore 2017-18 2018-19 2019-20 Cash Flow from Operations Cash flow from investing activities PBT 92.68 130.97 121.99 Purchase of Property, Plant & Equipment (312.75) (86.64) (240.26) Adjustments for: Proceeds
Slide 28: Filatex India Limited contact
For more information, Please contact Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi –110025 Ph: +91-11-26312503 Email: ir@filatex.com BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 W W W. F I L AT E X . C O M FIL 27
Filatex India — Investor Presentation (February 2021) on 6ix