Ifgl Refractories Ltd. · NSE:IFGLEXPOR
Ifgl Refractories — Investor Presentation (February 2019)
29 slides from Ifgl Refractories's investor presentation, Feb 18, 2019
Slide 1: Regulation 30 disclosure cover letter
---- [Q � JU:FRACTORIES LIMITED Head & Corporate Office 3, Netaji Subhas Road, Kolkata - 700 001, India Phone: +91 33 40106100, Fax: +91 33 22430886 E-mail : ifgl.ho@ifgl.in, Websites : www.ifglref.com 18 th February, 2019 National Stock Exchange oflndia Ltd BSE Limited 'Exchange Plaza', C-1, Block-
Slide 2: IFGL Refractories Limited Investor Presentation February 2019
IFGL Refractories Limited (Formerly IFGL Exports Limited) Investor Presentation February 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by IFGL Refractories Limited, solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or b
Slide 4: Industry Overview
Industry Overview
Slide 5: Global Steel Production outlook
Global Steel Production outlook In MMT 1,696 1,708 1,636 1,648 1,673 1,596 1,625 1,578 1,491 1,510 1,394 2010 2011 2012 2013 2014 2015 2016 2017 2018F 2019F 2020F 4 Source: Statista.com
Slide 6: Global Steel Demand outlook
Global Steel Demand outlook In MT World World (Ex China) Developing economies (Ex China) 1,595 1,658 1,681 859 877 900 451 466 484 2017 2018F 2019F 2017 2018F 2019F 2017 2018F 2019F Source: World Steel Organization Reasons contributing to growth ➢ Global outlook: ▪ The rise in Global Steel demand is
Slide 7: Forecasted Short Term Steel Demand
Forecasted Short Term Steel Demand In MT 2018 2019 1,681 1,658 1,132 1,118 167 169 143 145 43 45 55 55 55 55 42 43 36 37 NAFTA Central Europe Other Africa Gulf CIS Asia & World & South Europe Oceania America Source: World Steel Organization ➢ According to the World Steel Association the demand in As
Slide 8: Global Steel production on the rise
Global Steel production on the rise In MT Jan-Nov 2017 Jan-Nov 2018 857.4 797.2 199.5 204.5 155.2 154.4 106.2 110.2 92.1 92.6 92.4 96.9 37.0 37.6 40.1 40.9 29.2 32.9 12.4 13.4 5.5 5.8 Europe Other CIS North South Africa Gulf China India Asia (Ex Oceania Europe America America India & China) 7 Source
Slide 9: India's share in Global Steel production expected to rise
India’s share in Global Steel production expected to rise 50% 2016 2020 49% 13% 12% 7% 7% 7% 7% 7% 7% 6% 6% 6% 6% 6% 5% China India North CIS Europe Other Asia Japan Others America 8 Source: BofA MerrillLynch Report
Slide 10: Domestic Steel Industry on a strong footing
Domestic Steel Industry on a strong footing India is now the world's second largest steel producer, surpassing Japan 1 2 Target of 300 MT of production capacity by 2030 (National Steel Policy, 2017) Steel consumption expected to grow by 5.7% YoY and reach 92.1 MT in 3 2018 (as per World Steel Associ
Slide 11: Strong Domestic consumption
Strong Domestic consumption In MT India’s Steel Consumption +8% +7% 95 102 89 2017 2018F 2019F Particulars (in MTPA) FY17 FY18F YoY% FY19E YoY% India 88.7 95.4 8% 102.3 7% China 736.8 781.0 6% 781.0 0% USA 97.7 99.9 2% 101.2 1% Japan 64.4 64.5 0.2% 64.8 0.5% India’s consumption is expected to grow a
Slide 12: Global Refractories Market outlook (2018-2023)
Global Refractories Market outlook (2018-2023) Global Refractories Market (In USD Million) +5.2% 46,213 48,620 41,749 43,924 35,849 37,717 39,682 2017 2018F 2019F 2020F 2021F 2022F 2023F Reasons contributing to growth ➢ Global Refractories Market is estimated to grow at a CAGR of 5.2% and reach a si
Slide 13: Our Performance
Our Performance
Slide 14: Corporate Structure
Corporate Structure… IFGL Refractories Limited 3.604 Cr Equity Shares with a Face Value of Rs. 10 each Plants at Kalunga, Orissa, India + Plant at Kandla SEZ, Kandla, Gujarat, India 100% IFGL Worldwide Holdings Limited 100% 100% 100% Hofmann Monocon Group EI Ceramics Ceramic UK / USA / China Germany
Slide 15: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars [Rs. Crs.] Q3 FY19 Q3 FY18 Growth% 9M FY19 9M FY18^ Growth% Total Income 235.9 211.2 11.7% 694.9 609.6 14.0% Materials consumed 117.8 107.3 338.3 307.2 Employee Expenses 38.3 31.5 110.7 95.0 Other Expenses 55.6 49.0 158.6 131.1 ^ Total Income is Net of EBITDA E
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars in Rs. Crs. Sep-18 Mar-18 Particulars in Rs. Crs Sep-18 Mar-18 Assets Equity & Liabilities Non current Assets 497 493 Fixed Assets Equity 790 752 Property Plant & Equipment 125 122 Share Capital 36 36 Capital WIP 11 8 Other Equity 754 716 Goodwill 120 122 Other
Slide 17: 9MFY19 Consolidated Financial Highlights
9MFY19 Consolidated Financial Highlights Total Income [Rs. Crs] EBITDA [Rs. Crs] ^ Total 694.9 Income is Net of Excise 87.4 Duty 609.6 76.3 9MFY18^ 9MFY19 9MFY18 9MFY19 EBITDA margin [%] PAT [Rs. Crs] 12.6% 37.4 27.3 12.5% 9MFY18 9MFY19 9MFY18 9MFY19 16
Slide 18: 9MFY19 Standalone Financial Highlights
9MFY19 Standalone Financial Highlights Total Income [Rs. Crs] EBITDA [Rs. Crs] ^ Total Income is 352.1 Net of Excise Duty 57.0 321.7 52.2 9MFY18^ 9MFY19 9MFY18 9MFY19 EBITDA margin [%] PAT [Rs. Crs] 18.4 16.2% 16.2% 12.9 9MFY18 9MFY19 9MFY18 9MFY19 17
Slide 19: Subsidiaries Performance
Subsidiaries Performance EI Ceramics [$ mn] Monocon Group [GBP mn] 14.9 21.6 12.5 18.9 2.3 1.9 1.7 1.7 1.1 1.5 1.2 Revenue 1.0 EBITDA 9MFY18 9MFY19 PAT 9MFY18 9MFY19 Hofmann Ceramic [Euro mn] 7.7 7.3 0.0 0.0 -0.2 -0.3 9MFY18 9MFY19 18
Slide 20: Ongoing Capex to boost performance
Ongoing Capex to boost performance IFGL Odisha ~Rs. 8 Cr : Capex towards de-bottlenecking and re-balancing Plant IFGL Kandla ~Rs. 29 Cr : For introduction of new products Plant Phase 1 capex to be completed by March 2021 Land at Allotment of land Visakhapatnam 19
Slide 21: Consistently performing over the years
Consistently performing over the years… Particulars [Rs. Crs.] FY14^ FY15^ FY16^ FY17^ FY18^ CAGR Total Income 781.0 793.5 722.1 769.5 839.7 9.1% Materials consumed 378.0 406.1 365.2 362.0 421.4 Employee Expenses 110.0 117.9 119.6 120.9 126.7 ^ Total Income Other Expenses 181.0 170.6 156.1 183.5 181
Slide 22: …to create sustainable value for Shareholders
…to create sustainable value for Shareholders… Net Debt (Rs. Crs.) Net Debt : Equity [x] Net Debt : EBITDA [x] 86.1 0.26 0.76 0.19 0.69 67.8 0.35 28.3 0.16 0.16 16.0 17.7 0.07 0.02 0.02 -15.6 -0.02 -0.25 FY14 FY15 FY16 FY17* FY18* H1 FY14 FY15 FY16 FY17* FY18* H1 FY14 FY15 FY16 FY17* FY18* H1 FY19*
Slide 23: …with consistent Payout
…with consistent Payout 20.0% 20.0% 20.0% 20.0% 17.5% 15.0% FY13 FY14 FY15 FY16 FY17 FY18 Particulars (Rs.) FY13 FY14 FY15 FY16 FY17 FY18 Consolidated Book Value Per Share 70.9 95.1 99.6 111.7 189.9 208.7 Consolidated Earning Per Share 7.9 18.3 15.1 12.1 13.9 13.1 Dividend Per Share 1.5 1.75 2.00 2.
Slide 24: About Us
About Us
Slide 25: A Global MNC
A Global MNC… Monocon , UK Hofmann Ceramic, Mono Ceramics Inc Germany Michigan, US Tianjin Monocon Tianjin, China E I Ceramics, Cincinnati, US IFGL, Kandla SEZ 24
Slide 26: …with proven management
…with proven management… • Promoter of S K Bajoria Group based at Kolkata engaged in diversified business activities Mr. S.K. Bajoria • Has been President of the Indian Chamber of Commerce, Director of Chairman West Bengal Industrial Development Corporation Ltd and Industrial Promotion & Investment
Slide 27: …serving the specialized refractory segment
…serving the specialized refractory segment… Isostatic Refractories Slide Gate Refractories & Systems Tube Changer Refractories & System Purging System & Refractories Cast Products & Zirconia Nozzles Foundry Ceramics 26
Slide 28: …to reputed names in the Global Steel Industry
…to reputed names in the Global Steel Industry 27
Slide 29: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L51909OR2007PLC027954 CIN - U74140MH2010PTC204285 Mr. Rajesh Agrawal Mr. Shogun Jain / Mr. Pratik R. Shah rajesh.agarwal@ifgl.in shogun.jain@sgapl.net /pr
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