Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q3 FY2019 Earnings Presentation
28 slides from Ig Petrochemicals's earnings presentation, Feb 7, 2019
Slide 1: Exchange filing cover letter – Investor Presentation
a IGPL. 16 PETROCHEMlCALS lelTED 7th February, 2019 BSE Limited Scrip Code: 500199 Corporate Relationship Department 1St Floor, P J Towers Dalal Street Mumbai - 400 001 The National Stock Exchange of India Ltd. Scrip Code: IGPL Exchange Plaza Bandra Kurla Complex Bandra (East) Mumbai — 400 051 Dear
Slide 2: Investor Presentation – February 2019
Investor Presentation – February 2019
Slide 3: Safe Harbor
SAFE HARBOR This presentation has been prepared by and is the sole responsibility of I G Petrochemicals Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or
Slide 4: Company Overview
company overview
Slide 5: Company Overview
COMPANY OVERVIEW India’s Largest Phthalic Anhydride (PAN) manufacturer and one of the Leaders across the Globe PAN is a downstream product of Orthoxylene (OX) a basic Petrochemical PAN is a versatile intermediate in organic chemistry for production of Plasticizers, Unsaturated Polyester Resins, Alky
Slide 6: Vision 2025
VISION 2025 “To be well diversified chemicals company with leadership position in Phthalic Anhydride Industry ” 5
Slide 7: Journey So Far
JOURNEY SO FAR Brownfield expansion of IGPL started as 100% PA 3 : 53,000 MTPA EOU in technical Debottlenecking of Listed on National Revenues cross Rs. 1,000 crs. collaboration with PA capacity by Stock Exchange Lurgi Gmbh, Germany* (NSE) Cumulative Capacity 18,110 MTPA of 1,69,110 MTPA 1988 1992 1
Slide 8: Business Overview
business overview
Slide 9: End User Industry & Application
END USER INDUSTRY & APPLICATION Films, Cables, PVC Pipe, Plastic Material Construction & ALKYD infrastructure related OTHERS PHTHALIC RESINS activities related to Power, Alkyd resin-based Paints Water, Road, Rail, Seaport, 19% ANHYDRIDE 17% and Coatings and Airport sectors. Also, in Automotive, Elec
Slide 10: Industry Dynamics
Industry Dynamics Low per capita consumption of End Users Per capita consumption of suspension PVC 20.0 12.7 (in kgs p.a.) (in kgs p.a.) 17.0 17.0 10.3 8.8 7.6 4.0 5.6 3.0 3.0 2.1 1.4 1.6 1.2 1.7 0.2 2.6 Polyesters Plastics Synthetic Synthetic Polymer Paints Rubber Fibre India Consumption World Cons
Slide 11: Scaling Up of Capacity
SCALING UP OF CAPACITY Expected to come on- stream during 2019 222,100 53,000 169,100 De-bottlenecking 53,000 53,000 116,100 53,000 53,000 53,000 63,100 45,000 18,110 18,110 18,110 18,110 45,000 45,000 45,000 45,000 1992 1996 2000 2014 2019 Plants are engineered with Company also undertook Steam gen
Slide 12: Production Process
PRODUCTION PROCESS PA I PA III PA II Air Orthoxylene Air Orthoxylene Air Orthoxylene Reactor Reactor Reactor Steam PA (Gases) Steam PA (Gases) PA (Gases) Steam Cooling Cooling Cooling Steam Sublimation Sublimation Sublimation Crude PA (Liquid) Crude PA (Liquid) Distillation Distillation PAN PAN Reco
Slide 13: Strategically Located Plant
STRATEGICALLY LOCATED PLANT…. Majority of domestic sales is within Western India Kandla Port Jamnagar Proximity to One of the Largest Ports in India JNPT Port Enjoys the advantage of being in close proximity to ports for exports, chemical belt in western India where majority of downstream industries
Slide 14: Large Customer Base
LARGE CUSTOMER BASE Turkey USA Tunisia Kuwait Egypt Nepal Saudi U.A.E Bangladesh Arabia India Nigeria Ethiopia Venezuela Uganda Sri Lanka Kenya Sales Breakup Export Sales, 15% Domestic Sales, 85% 13
Slide 15: Key Strengths and Strategies
key strengths and strategies
Slide 16: Key Competitive Strengths
KEY COMPETITIVE STRENGTHS High Capacity Utilization with Annual contract for its sales to Indian Customers CAPACITY Market Leader having UTILIZED over ~50% of the share Steam generated from in India Processes are utilised UNIQUE efficiently POSITION RECOVERY PROCESS Diversified Product Use Plant bei
Slide 17: Expansion Strategies
EXPANSION STRATEGIES PA 4:- • Brownfield Expansion: 53,000 MTPA ORGANIC ORGANIC EXPANSION GROWTH (PA(PA 4)4) • Total Project Cost : Rs 320 Cr • Loan : Rs 125 Cr (ECB) DOWNSTREAM GROWTH Capacities to come on-stream during 2019 16
Slide 18: Production Capacity Pre & Post Expansion
Production Capacity Pre & Post Expansion Existing = 23 % 6,500 MTPA Post Existing Expansion Capacity = 31 % = 8,000 1,69,110 Expansion MTPA = 1,500 MTPA MTPA Post Expansion = 2,22,110 MTPA 30 % Existing = 1,000 Expansion = MTPA 53,000 Post MTPA Expansion = 1,300 MTPA Expansion = 300 MTPA 17
Slide 19: Industry Overview
industry overview
Slide 20: Industry Overview
INDUSTRY OVERVIEW Infrastructure Development Infrastructure Highest Budget by the Development government for Infrastructure HighestDevelopment at 3.96 lakh Budget by the government crores for Infrastructure Development at 3,96,135 crores Industry Growth Pricing Policy Indian Market Size PA to grow d
Slide 21: Consumption Pull for Phthalic Anhydride
CONSUMPTION PULL FOR PHTHALIC ANHYDRIDE 1 Stable Crude Prices Better Realizations 2 Global Market Improvements Well positioned to grab the opportunities 3 Better Economic Scenario Influence demand for the product in downstream markets 4 Infrastructure Thrust Strong & Constant domestic demand for the
Slide 22: Financial Highlights – Q3 & 9M FY19
financial highlights – Q3 & 9M FY19
Slide 23: Financial Highlights – 9M FY19
FINANCIAL HIGHLIGHTS – 9M FY19 Revenue^ EBITDA^ PAT 996 206 113 195 834 98 9M FY18 9M FY19 9M FY18 9M FY19 9M FY18 9M FY19 Rs. Crores EBITDA^ (%) PAT (%) 24.7% 13.6% 19.6% 9.9% 9M FY18 9M FY19 9M FY18 9M FY19 The Financial Results for 9M FY19 have been prepared in accordance with the Indian Accounti
Slide 24: Profit & Loss Statement – Q3 & 9M FY19
PROFIT & LOSS STATEMENT – Q3 & 9M FY19 Particulars (Rs. Crores)* Q3 FY19 Q3 FY18 9M FY19 9M FY18 Revenue from Operations^ 318 296 996 834 Total Raw Material 241 187 674 519 Employee Expenses 14 15 47 40 Other Expenses 26 19 79 68 EBITDA^ 36 73 195 206 EBITDA Margin (%) 11.3% 24.8% 19.6% 24.7% Deprec
Slide 25: Balance Sheet as on 30th September 2018
BALANCE SHEET as on 30th September 2018 Particulars (Rs. Crores) Sept – 18 Mar - 18 Particulars (Rs. Crores) Sept – 18 Mar – 18 Non Current assets Equity Property, Plant and Equipment 391.8 400.8 Equity Share Capital 30.8 30.8 Capital Work-In-Progress 46.2 25.7 Other Equity 563.2 497.3 Goodwill 2.0
Slide 26: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue^ (Rs. Crores) EBITDA^ (Rs. Crores) and Margin % PAT (Rs. Crores) and Margin % 23.6% 12.8% 9.8% 1,204 16.5% 271 147 1,187 1,148 1,041 11.9% 6.3% 953 102 6.8% 172 5.0% 113 0.8% 60 0.3% 80 60 3 9 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Net
Slide 27: CSR Activities
CSR Activities ❑ Construction of a school in Vrindavan for providing education to the underprivileged children ❑ Educating the poor, annadhanam (feeding of poor), free /concessional health care to the needy apart from other charitable activities ❑ Sustainability of environment viz. transplantation o
Slide 28: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : I G Petrochemicals Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L51496GA1988PLC000915 CIN: U74140MH2010PTC204285 Mrs. Vama Gala Mr. Deven Dhruva / Ms. Neha Shroff vgala@igpetro.com deven.dhruva@sgapl.net / neha.shroff@sg