Ifgl Refractories Ltd. · NSE:IFGLEXPOR
Ifgl Refractories — Q1 FY2017 Earnings Presentation
25 slides from Ifgl Refractories's earnings presentation, Aug 6, 2016
Slide 1: IFGL Refractories Ltd Result Update Presentation
IFGL REFRACTORIES LTD Result Update Presentation August 2016
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by IFGL Refractories Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not for
Slide 3: Industry Overview
‘./ / = -_ ah he 1 le yn INDUSTRY OVERVIEW A —- | | mm. = —
Slide 4: World Steel Capacity Utilization on a Ten Month High
World Steel Capacity Utilization… …on a Ten T Month M th High Hi h Source – Worldsteel 4
Slide 5: Indian Economy's Resilience to benefit
Indian Economy’s Resilience… Government announced a significant increase of Rs.70,000 crore in investment in infrastructure in 2015‐16 over the current year, with a focus on railways and roads. Indian metallurgical g industries attracted FDI to the tune of US$ 8.7 billion, respectively, in the perio
Slide 6: Safeguard Measures World over will benefit Domestic Steel Production
Safeguard Measures World over… USA‐Raised its tariffs on imports of EU-Imposed provisional tariffs on Chinese Steel to 522% from 266% Chinese Steel of 16% INDIA ‐Government set a MEXICO‐35.6 percent Anti Dumping duty minimum import price on imports from Korea (MIP) of $341 to $752 per tonne for 173
Slide 7: IFGL - Ready to Capitalize
IFGL ‐ Ready to Capitalize Steel Demand in the World ex‐ China to is expected to grow in Stabilizing World Economy to 2016 ‐WSA lead to recoveryy of Steel Demand in Developed Increase Steel Production in Economies India on back of Infrastructure . growth & Safeguards. IFGL is present in major Steel
Slide 8: Merger
Merger
Slide 9: IFGL Exports - Corporate Announcement
IFGL Exports ‐ Corporate Announcement Promoter Group of IFGL IFGL Refractories Limited Current Structure of Refractories Limited IFGL Exports Ltd. 51% 49% IFGL Exports Ltd Board of Directors have approved merger of IFGL Refractories Ltd. with IFGL Exports Ltd. on and from 1st April, 2016 subject t
Slide 10: Merger Rationale
Merger Rationale Greater Financial Greater efficiency Strength & in Cash Simplified Flexibility l bl management by b Corporate improving pooling of cash Structure Economic & flow generated by Competitive the combined Position i i off b i business Combined Entity Better financial, business & Sharehol
Slide 11: Our Performance
OUR PERFORMANCE
Slide 12: Consolidated Profit & Loss
Consolidated Profit & Loss YoY Growth QoQ Commentary Particulars [Rs. Crs] Q1FY17 Q1FY16 Q4FY16 % Growth % Germany: T t l Income Total I 181 9 181.9 185 8 185.8 ‐2.1% 2 1% 177 9 177.9 2 2% 2.2% C i Continues to exhibit hibi stable bl performance with improving margin profile Raw Material 89.2 95.1 8
Slide 13: Standalone Financial Highlights – Q1 FY17
Standalone Financial Highlights – Q1 FY17 Standalone Turnover [Rs. Crs] EBITDA [Rs. Crs] 80.7 11.9 73.7 9.3 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Domestic V/s Export Sales [%] PAT [Rs. Crs] 6.4 4.5 Exports 43.0% Domestic 57.0% 13 Q1FY16 Q1FY17
Slide 14: Consolidated Financial Highlights – Q1 FY17
Consolidated Financial Highlights – Q1 FY17 Consolidated Turnover [Rs. Crs] EBITDA [Rs. Crs] 185.8 181.9 26.1 21.6 Q1FY16 Q1FY17 Q1FY16 Q1FY17 EBITDA margin [%] PAT [Rs. Crs] 14.0 16.0 11.9 11.5 Q1FY16 Q1FY17 Q1FY16 Q1FY17 14
Slide 15: Subsidiary Performance – Q1FY17
Subsidiary Performance – Q1FY17 Monocon Group [GBP mn] EI Ceramics [$ mn] 6.2 4.7 5.5 3.5 0.4 0.3 0.8 0.2 0.2 02 05 0.5 0.2 0.1 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Revenue EBITDA IFGL EExports t [R [Rs. Crs] C ] Hofmann Ceramic [Euro [ mn]] PAT 2.9 16.0 2.6 11.3 0.4 0.3 4.2 0.2 2.9 3.1 0.2 1.6 Q1FY16 Q1FY17
Slide 16: Reputed Global Brand
ee REPUTED GLOBAL BRAND
Slide 17: Strong Brand in Global Refractories Market
Strong Brand in Global Refractories Market Consolidated Turnover [Rs. Crs.] FY16 Sales by Region +4.5% 781 793 Europe UK 722 9% 676 [exc UK] 606 33% Americas 24% India Asia [exc 22% India] 12% India Europe [exc UK] UK Americas FY12 FY13 FY14 FY15 FY16 Asia [exc India] 17
Slide 18: Our Manufacturing Plants
Our Manufacturing Plants Monocon , UK Hofmann Ceramic, Mono Ceramics Inc Michigan, US Germany Tianjin Monocon Tianjin, China EI Ceramics, Cincinnati, US IFGL Exports, p , Kandla SEZ, Gujarat, India 18
Slide 19: Specialized Refractory for Steel making with Wide Product Range
Specialized Refractory for Steel making with Wide Product Range Isostatic & Tube Changer Refractories & System y Slide Gate & Purging Refractories & System Cast Products, Zirconia Nozzles, Foundry Ceramics 19
Slide 20: IFGL 5 Year Performance
IFGL 5 Year Performance Particulars [Rs. Crs] FY12 FY 13 FY 14 FY 15 FY 16 Total Income 607.1 676.8 781.0 793.5 722.1 Raw Material 303.8 352.3 378.0 406.1 365.2 Employee Expenses 84.3 98.7 110.0 117.9 119.6 Oth Expenses Other E 141 8 141.8 163 2 163.2 181 0 181.0 170 6 170.6 149 9 149.9 EBITDA* 77.2
Slide 21: Bucking Global Steel Trend and...
…bucking Global Steel Trend and… Revenue EBITDA PAT Monocon Group [GBP mn] EI Ceramics [$ mn] Hofmann Ceramic [Euro mn] 27.6 16.8 10.6 27.4 16.6 26.1 15.9 10.2 10.2 15.4 9.9 27 2.7 26 2.6 11 1.1 22.8 2.2 0.9 1.5 1.6 0.7 2.5 2.3 1.5 0.5 0.5 0.6 1.6 1.1 1.3 1.5 0.8 0.3 1.1 0.7 0.2 0.7 FY13 FY14 FY15 F
Slide 22: Increasing Focus on Return Matrix
…increasing focus on Return Matrix* Monocon Group# EI Ceramics Hofmann Ceramic +530Bps 5.1% 13.6% 10.4% 4.9% 10.5% EBITDA 5.1% FY13 FY16 FY13 FY16 FY13 FY16 +720Bps 5.4% 16.4% 20.4% 4.6% 13.2% 9.5% ROCE FY13 FY16 FY13 FY16 FY13 FY16 •On Basis of Local currency Financials in the country of reporting
Slide 23: Sustainable Shareholder Value Creation
Sustainable Shareholder Value Creation Return on Capital Employed Net Debt : Equity Ratio [x] Net Debt : EBITDA Ratio [x] 22% 0.7 1.9 18% 18% 14 1.4 0.5 14% 13% 0.3 0.8 0.7 0.2 0.4 0.1 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 * Consolidated ROCE = EBIT/ (Total Debt
Slide 24: Dividend Record
Dividend Record 20.0% 20.0% 17.5% 15.0% 15.0% FY12 FY13 FY14 FY15 FY16 Particulars l ((Rs.)) FY12 FY13 FY14 FY15 FY16 Consolidated Book Value per Share 64.1 70.9 95.1 99.6 111.7 Consolidated Earning Per Share 11.3 7.9 18.3 15.1 12.1 Dividend Per Share 1.5 1.5 1.75 2.00 2.00 24
Slide 25: Contact
Contact F further For f th iinformation, f ti please l contact: t t Company : Investor Relations Advisors : IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN ‐ L27202OR1989PLC002971 CIN ‐ U74140MH2010PTC204285 Mr. Rajesh j Agrawal g Mr. Shogun g Jain / Ms. Sanjita j Ghosh rajesh.agrawal