Filatex India Ltd · NSE:FILATEX
Filatex India — Q2 FY22 Earnings Presentation
28 slides from Filatex India's earnings presentation, Nov 11, 2021
Slide 1: Stock exchange cover letter for investor presentation
FILATEX INDIA LIMITED CIN No.L17119DN1990PLC000091 FIL/SE/2021-22/55 11th November, 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 S
Slide 2: Investor Presentation November 2021 | Q2 FY22
Investor Presentation November 2021 | Q2 FY22 FILATEX INDIA LIMITED
Slide 3: Inside this presentation
Q2 FY22 // INVESTOR PRESENTATION Inside this presentation 03 | Company Overview 19 | Milestones 04 | Quarterly Highlights 21 | Production Capacities 06 | Quarterly Financials 22 | Product Portfolio 10 | Half-Yearly Financials 24 | Global Presence 14 | Growth Drivers 25 | ESG 17 | The Polyester Advan
Slide 4: Company Overview
Q2 FY22 // INVESTOR PRESENTATION Company Overview Filatex India Limited is among the country’s leading Driven by capable leadership, the Company remains manufacturers of Polyester Filament Yarn focused on focused on increasing capacities, widening its reach, capitalising synergies created through it
Slide 5: Highlights
Q2 FY22 // INVESTOR PRESENTATION Q2 FY22 Highlights 0.56 100% Debt-equity ratio attained Pledged shares due to improved released by consortium performance and bankers prepayment of debt INR 125.1cr 30 MW Quarterly EBIDTA Thermal Power Plant achieved by the Commissioned on 4th company August 2021 FIL
Slide 6: Key Message
Q2 FY22 // INVESTOR PRESENTATION Key Message Recovery post the second wave of Covid-19 was faster as there was no curb on operations. The government’s vaccination program alleviated the fears of the work force. Good capacity utilization and improvement in demand helped Filatex deliver a stronger sec
Slide 7: Quarterly Results (Q-o-Q)
Q2 FY22 // INVESTOR PRESENTATION Quarterly Results (Q-o-Q) REVENUE FROM OPERATIONS EBIDTA (INR in crore) (INR in crore) Q2 FY22 964.95 Q2 FY22 125.14 Q1 FY22 698.91 Q1 FY22 101.16 PBT PAT (INR in crore) (INR in crore) Q2 FY22 109.57 Q2 FY22 73.78 Q1 FY22 77.76 Q1 FY22 52.14 FILATEX INDIA LIMITED 6
Slide 8: Quarterly Results (Y-o-Y)
Q2 FY22 // INVESTOR PRESENTATION Quarterly Results (Y-o-Y) REVENUE FROM OPERATIONS EBIDTA (INR in crore) (INR in crore) Q2 FY22 964.95 Q2 FY22 125.14 Q2 FY21 507.79 Q2 FY21 44.52 PBT PAT (INR in crore) (INR in crore) Q2 FY22 109.57 Q2 FY22 73.78 Q2 FY21 12.68 Q2 FY21 9.39 FILATEX INDIA LIMITED 7
Slide 9: Quarterly Production & Sales (Q-o-Q & Y-o-Y)
Q2 FY22 // INVESTOR PRESENTATION Quarterly Production & Sales (Q-o-Q & Y-o-Y) TOTAL PRODUCTION TOTAL SALES (MTPA) (MTPA) 88,918 90,054 2,707 2,772 77,959 72,733 75,234 5,206 5,031 6,283 67,771 5,034 67,702 72,753 86,211 68,951 62,737 87,282 Q2 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q1 FY22 Q2 FY22 Yarns Volum
Slide 10: Profit & Loss | Q2 FY22
Q2 FY22 // INVESTOR PRESENTATION Profit & Loss | Q2 FY22 (INR crores) Q2 FY22 Q1 FY22 QoQ Growth % Q2 FY21 YoY Growth % Net Revenue from operations (Net of Taxes) 964.95 698.91 38.06 507.79 90.03 Other income 6.78 2.56 164.84 1.46 364.38 Total Revenue 971.73 701.47 38.53 509.25 90.82 Total Expenses
Slide 11: Half-Yearly Results (Y-o-Y)
Q2 FY22 // INVESTOR PRESENTATION Half-Yearly Results (Y-o-Y) REVENUE FROM OPERATIONS EBIDTA (INR in crore) (INR in crore) H1 FY22 1663.86 H1 FY22 226.30 H1 FY21 652.80 H1 FY21 38.36 PBT PAT (INR in crore) (INR in crore) H1 FY22 187.33 H1 FY22 125.92 H1 FY21 -24.60 H1 FY21 -18.59 FILATEX INDIA LIMITE
Slide 12: Half-Yearly Production & Sales (Y-o-Y)
Q2 FY22 // INVESTOR PRESENTATION Half-Yearly Production & Sales (Y-o-Y) TOTAL PRODUCTION TOTAL SALES (MTPA) (MTPA) 1,57,826 1,66,876 7,807 7,912 95,673 89,567 10,042 9,583 79,984 1,58,964 85,631 1,50,019 H1 FY21 H1 FY22 H1 FY21 H1 FY22 Yarns Volume (MTPA) Chips Volume (MTPA) FILATEX INDIA LIMITED 11
Slide 13: Profit & Loss | H1 FY22
Q2 FY22 // INVESTOR PRESENTATION Profit & Loss | H1 FY22 (INR crores) H1 FY22 H1 FY21 YoY Growth % Net Revenue from operations (Net of Taxes) 1,663.86 652.80 154.88 Other income 9.34 2.36 295.76 Total Revenue 1,673.20 655.16 155.39 Total Expenses 1,487.51 679.76 118.83 Cost of materials consumed 1,3
Slide 14: Balance Sheet | H1 FY22
Q2 FY22 // INVESTOR PRESENTATION Balance Sheet | H1 FY22 (INR in Crore) H1 FY22 FY 20-21 (INR in Crore) H1 FY22 FY 20-21 Non-Current Assets 1,293.69 1,274.65 EQUITY 908.96 762.46 Property, plant and equipment 1,263.85 1,134.14 Equity Share capital 45.05 44.16 Capital work-in-progress 14.54 130.14 Ot
Slide 15: Policy Initiatives
Q2 FY22 // INVESTOR PRESENTATION Policy Initiatives The Government of India has taken several strategic steps to boost the manufacturing of man-made fibres in India MANMADE FIBRES CONTRIBUTION Introduced a minimum value addition Included synthetic TOTAL FIBRES CONSUMPTION norm of 35% on textile prod
Slide 16: Strategic Way Forward
Q2 FY22 // INVESTOR PRESENTATION Strategic Way Forward RECYCLED POLYESTER DEBOTTLENECKING CAPACITY GROWTH THROUGH VALUE ADDITION Increased awareness in customers towards environment The company has discovered new opportunity for The company has focused on improving its value-added & sustainability h
Slide 17: Growth through Value Addition
Q2 FY22 // INVESTOR PRESENTATION Growth through Value Addition The company has made a planned effort to steadily increase its product offering. It has focused on improving its value- added product portfolio in the last 5-6 years. The expansion in DTY and FDY capacities over the years has resulted in
Slide 18: Polyester- The preferred fibre
Q2 FY22 // INVESTOR PRESENTATION Polyester- The preferred fibre With the increase in fast fashion trends and the constant want to update one’s wardrobe with the latest style and design, polyester is the most preferred fibre and will continue to dominate its role in textiles in the future. Its unique
Slide 19: World Fibre Production (2008-2018)
Q2 FY22 // INVESTOR PRESENTATION World Fibre Production (2008-2018) PRODUCTION CAPACITY (in 1000 MT) CONTRIBUTION TO FIBRE GROWTH IN THE LAST DECADE Particulars 2008 % 2018 % CAGR Growth NATURAL FIBRES Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35)
Slide 20: Our Journey
Q2 FY22 // INVESTOR PRESENTATION Our Journey 1994 1998 2012 Commenced Added manufacturing of Set-up of Poly-Condensation production of Mono Poly polypropylene yarns plant of 600 TPD capacity Filament yarns at Noida at Dadra Plant along with 250 TPD Spinning of POY and balance 350 TPD of Chips at Dah
Slide 21: Our Journey
Q2 FY22 // INVESTOR PRESENTATION Our Journey 2018 2020 Added Bright Polymerization Completed DTY expansion capacity of 300 TPD for spinning, project in August. Added a 190 TPD of FDY, 25 TPD of POY, cumulative 1.4 MW of and balanced 85 TPD of Bright renewable energy rooftop solar Chips at Dahej powe
Slide 22: Production Capacities
Q2 FY22 // INVESTOR PRESENTATION Production Capacities 2022 PRODUCTION CAPACITIES FY22 (in MTPA) Particulars Production Captive Use Net Capacity Polyester Chips 97,200 36,000 61,200 Polyester POY 1,94,400 1,56,600 37,800 Polyester FDY 1,22,400 720 1,21,680 Polyester DTY 1,56,600 1,440 1,55,160 Polyp
Slide 23: Our Products
Q2 FY22 // INVESTOR PRESENTATION Our Products Production in FY21 Specialty Products (in MT) 1. Filigree Used in sheer curtains, shirting, suiting, scarves etc 2. Ocean Used in fancy knitwear, sheer curtains, frills for dresses 3. Chubby Yarn 0.5 Used in fancy knitwear, tee shirts & upholstery Polyes
Slide 24: Catering to Diverse End-Users
Q2 FY22 // INVESTOR PRESENTATION Catering to Diverse End-Users Home Textiles Outdoor Clothing Wide-Range of Women Inner Industrial Use & Furnishings & Athleisure Apparels Wear Cases Polyester is being used Polyester is a fantastic Polyesters are widely used Textured Micro Deniers Polyester finds app
Slide 25: Global Presence
Q2 FY22 // INVESTOR PRESENTATION Global Presence ASIA 45+ Countries to which EUROPE 15% products are exported 09% ~24% AFRICA Drawn Texturizing Yarn (DTY) Production exported 09% NORTH AMERICA SOUTH AMERICA ~11% Export's contribution 22% 45% to Revenues in FY21 FILATEX INDIA LIMITED 24
Slide 26: Responsible and Sustainable Growth
Q2 FY22 // INVESTOR PRESENTATION Responsible and Sustainable Growth At Filatex India Limited, Sustainability and environmental preservation are crucial and non-negotiable requirements. ENVIRONMENT SOCIAL GOVERNANCE Focus on environmental R&D to minimise Social Welfare activities Diverse and experien
Slide 27: Our Growth
Q2 FY22 // INVESTOR PRESENTATION Our Growth PBT 48.93% CAGR NET REVENUE 11.74% 300 (INR in crore) (INR in crore) 250 239.6 2,874.10 2,782.07 200 2,227.15 128.6 1,927.59 150 122.0 1,551.01 92.7 1,278.23 100 55.2 50 32.7 0 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 EBITDA 31.74% PAT 4
Slide 28: Filatex India Limited
Q2 FY22 // INVESTOR PRESENTATION 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 A