Filatex India Ltd · NSE:FILATEX
Filatex India — Investor Presentation (February 2020)
36 slides from Filatex India's investor presentation, Feb 17, 2020
Slide 1: Exchange filing cover letter
CIN No.L17119DN1990PLC000091 FILATEX INDIA LIMITED FIL/SE/2019-20/44 17th February, 2020 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 February 2020
INVESTOR PRESENTATION FEBRUARY 2020 BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 | WWW.FILATEX.COM ©2020 – Filatex India Limited, All Rights Reserved
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Filatex India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: Company Overview
Company Overview 2 42 ~2200 Manufacturing Countries Employees Units global exports TPA TPA 328,300 383,000 FILATEX INDIA LIMITED Production Capacity (FY 2018-19) Production Capacity (FY 2019-20) IS ONE OF INDIA’S TOP 5 MANUFACTURERS OF POLYESTER FILAMENT YARNS PRODUCTS PET Polyester Polypropylene Ch
Slide 5: Our Performance
Our Performance (₹ in Crore) NET REVENUE EBITDA PAT 85 217 2,874 1,573 79 10 FY15 FY19 FY15 FY19 FY15 FY19 F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 4
Slide 6: Timeline
Timeline Set-up a new Poly-Condensation plant of 600 1994 Commenced Production of 2012 TPD, in which capacity along with 250 TPD Mono Filament Yarns at Noida Spinning of POY and balance 350 TPD of Chips at Dahej, Gujarat Commenced production of Fully Drawn Yarns (FDY) with total capacity of 115 2016
Slide 7: Diversified Product Portfolio
Diversified Product Portfolio Narrow Woven Fabrics Polyester Chips Used in manufacture of Carpets, Rugs, Industrial intermediate product used to Tapes, Ribbons and Zippers manufacture Polyester yarns. Polypropylene Multifilament Crimp Yarns Polyester Partially Oriented Yarns (POY) Different shades a
Slide 8: Catering To Diverse End Users
Catering To Diverse End Users Home Textiles & Women Wear & Furnishings Athleisure Apparel Inner Wear Fully Drawn Yarns of Polyester are The preferred material for Polyester Filament Yarns are In these garments, feeling of being used for Home Furnishings, sportswear is Polyester Yarn. extensively use
Slide 9: Impacting Daily Lives…
Impacting Daily Lives… …through the apparels …through the stuff one wears at home toys one plays with …through the towel and office …through the body …through the car that one uses to dry warmer one wears in seats that provide oneself the winter for warmth safety while travelling …through the clothe
Slide 10: Polyester – The Preferred Fibre
Polyester – The Preferred Fibre WE BELIEVE THAT POLYESTER WILL BE FIBRE OF THE FUTURE. FILATEX HAS FOCUSED ITS FUTURE GROWTH PLANS ON POLYESTER FILAMEN T YARNS. Affordable Pricing Resistant to Stretching and Shrinking Highly Durable Stain Resistant Easy Wash Ability Faster Dryness POLYESTER High Col
Slide 11: World Fibre Production (2008-2018)
World Fibre Production (2008-2018) Source: DNFI (in 1000 MT) 2008 % 2018 % CAGR Growth CONTRIBUTION TO FIBRE GROWTH IN THE LAST DECADE Natural Fibres Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 5% 19% Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887) Total Natural 30,555 40.69 32,204 28.93
Slide 12: Our Process
Our Process Purified Terephthalic Mono Ethylene Acid (PTA) Glycol (MEG) Polyester Partially Oriented Fully Drawn Chips Yarn (POY) Yarn (FDY) Drawn Textured Yarn (DTY) F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 11
Slide 13: Production Process Flowchart – Post Expansion
Production Process Flowchart – Post Expansion RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT PTA MEG PTA MEG POY Partially Oriented Yarns 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 EST
Slide 14: Growth Drivers
Growth Drivers Favourable Demographics Hike in Import Duty ▪ Increasing disposable income and rapid urbanization is likely to result ▪ Import tax on more than 300 textile products doubled to 20% in growing demand for daily wear, casual wear, sportswear & other that will help improvement in utilizati
Slide 15: Geographical Presence
Geographical Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia ItalySlovenia Azerbaijan New Delhi Facilities Portugal Spain Uzbekistan Turkey Iran South Korea Dadra & Nagar Havelli (UT) Dominican Greece Morocco T
Slide 16: Certifications
Certifications ISO ISO BS OHSAS OEKO-TEX 9001 : 2015 14001 : 2015 18001 : 2007 STANDARD 100 F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 15
Slide 17: Awards
Awards Asia Pacific Entrepreneurship SRTEPC - 3rd Best Export Performance Fortune Next 500 Best Company Award - Awards – Corporate Excellence Manufacturing F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M 16
Slide 18: Board of Directors
Board of Directors Mr. Madhu Sudhan Bhageria Mr. Purrshottam Bhaggeria Mr. Madhav Bhageria Mr. Ashok Chauhan Chairman & Managing Director Joint Managing Director Joint Managing Director Executive Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director
Slide 19: Production Capacities
Production Capacities PRODUCTION CAPACITIES -FY 2019-20 Net Capacity (Post Expansion Net of Captive) Products (MTPA) Production Captive Net %age Polyester Chips - Semi Dull 50,400 21,600 28,800 7.5% 0.6% 7.5% Polyester Chips - Bright 36,000 13,000 23,000 6.0% 19.5% 6.0% Polyester POY - Semi Dull 1,8
Slide 20: Production Split by Volume
Production Split by Volume FY18 FY19 Polyester Chips - Semi Dull Polyester Chips - Bright 1% 10% 2%1% 15% 19% 1% Polyester POY - Semi Dull 24% 1% Polyester POY - Bright 18% Polyester DTY - Semi Dull 2,21,422 2,79,595 1% TPA 23% Polypropylene POY - Semi Dull TPA 1% 19% 3% Polypropylene DTY Polyester
Slide 21: Quarterly Results Summary (QoQ)
Quarterly Results Summary (QoQ) (₹ in Crore) NET REVENUE EBITDA PAT 55.9 61.8 737.7 52.3 680.2 18.6 Q2 FY20 Q3 FY20 Q2 FY20 Q3 FY20 Q2 FY20 Q3 FY20 * The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (A
Slide 22: Quarterly Results Summary (QoQ)
Quarterly Results Summary (QoQ) (₹ in Crore) TOTAL PRODUCTION (MTPA) TOTAL SALES (MTPA) 92,026 90,102 8,498 6,936 84,286 4,066 83,166 83,528 80,220 76,072 2,948 73,124 Q2 FY20 Q3 FY20 Q2 FY20 Q3 FY20 Yarns Chips Yarns Chips Total F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M
Slide 23: Quarterly Results Summary (YoY)
Quarterly Results Summary (YoY) (₹ in Crore) NET REVENUE EBITDA PAT 55.9 18.6 745.8 (1.1)% 737.7 16.3 39.7 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 • We have maintained high capacity utilization and increased production during this quarter despite challenging economic conditions • During the
Slide 24: Quarterly Results Summary (YoY)
Quarterly Results Summary (YoY) (₹ in Crore) TOTAL PRODUCTION (MTPA) TOTAL SALES (MTPA) 92,026 90,102 8,498 6,936 83,166 83,528 69,873 64,923 6,350 5,856 63,523 59,067 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Yarns Chips Yarns Chips Total F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F ILATE X.C O M
Slide 25: 9 Month Results Summary
9 Month Results Summary (₹ in Crore) NET REVENUE EBITDA PAT* (2.5)% (1.0)% 2,168.3 2,114.8 161.4 159.7 100.5* 56.7 9M FY19 9M FY20 9M FY19 9M FY20 9M FY19 9M FY20 * The Company has evaluated the option of lower tax rates allowed under Section 115BAA of the Income Tax Act, 1961 as introduced by the T
Slide 26: 9 Month Results Summary
9 Month Results Summary (₹ in Crore) TOTAL PRODUCTION (MTPA) TOTAL SALES (MTPA) 2,44,753 2,40,624 18,785 20,872 2,08,024 2,25,968 2,09,329 2,19,752 21,033 23,602 1,86,991 1,85,727 9M FY19 9M FY20 9M FY19 9M FY20 Yarns Chips Yarns Chips Total F ILATEX INDIA LIMITED – INVESTOR PRESEN TATI ON | WWW.F I
Slide 27: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated (₹ in Crore) NET REVENUE EBITDA 216.6 2,874.1 156.5 1,927.6 133.2 1,572.8 1,551.0 1,278.2 87.5 78.9 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 PBT PAT 128.8 85.0 92.7 59.7 54.3 40.5 32.7 26.3 14.4 9.6 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18
Slide 28: Operational Performance
Operational Performance TOTAL PRODUCTION (MTPA) EXPORTS (₹ IN CRORE) 32,054 431.6 378.9 33,559 300.3 24,601 47,053 29,072 2,47,541 1,87,863 1,65,344 1,22,658 1,30,039 102.1 92.0 FY15 FY16 FY17 FY18 FY19 Yarn Volume (MTPA) Chips Volume FY15 FY16 FY17 FY18 FY19 F ILATEX INDIA LIMITED – INVESTOR PRESEN
Slide 29: Profit & Loss (Q3 FY20)
Profit & Loss (Q3 FY20) (INR in Crore) Q3 FY20 Q2 FY20 QoQ % Q3 FY19 YoY % Net Revenue from operations (Net of Taxes) 737.7 680.2 8.5% 745.8 (1.1)% Other income 1.4 2.2 (34.2)% 3.2 (54.3)% Total Revenue 739.2 682.4 8.3% 749.0 (1.3)% Total Expenses 712.9 649.3 9.8% 723.4 (1.5)% Cost of materials cons
Slide 30: Profit & Loss (9M FY20)
Profit & Loss (9M FY20) (INR in Crore) 9M FY20 9M FY19 YoY % FY19 Net Revenue from operations (Net of Taxes) 2114.8 2168.3 (2.5)% 2874.1 Other income 6.7 6.6 1.5% 11.8 Total Revenue 2121.5 2174.9 (2.5)% 2885.9 Total Expenses 2031.3 2090.0 (2.8)% 2757.3 Cost of materials consumed 1712.1 1785.9 (4.1)%
Slide 31: Profit & Loss - Consolidated
Profit & Loss - Consolidated (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Net Revenue from operations (Net of Taxes) 1,572.8 1,278.2 1,551.0 1,927.6 2,874.1 Other income 9.7 10.7 12.1 11.1 11.8 Total Revenue 1,582.5 1,288.9 1,563.2 1,938.7 2,885.9 Total Expenses 1,568.1 1,263.3 1,505.4 1,8
Slide 32: Balance Sheet – Assets (Consolidated)
Balance Sheet – Assets (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 Non-Current Assets 409.4 525.4 665.9 962.0 1,017.8 Property, plant and equipment 390.6 492.3 628.4 944.5 927.9 Capital work-in-progress - 18.0 5.7 6.4 71.5 Other Intangible Assets - 0.1 0.2 0.4 0.66 Financia
Slide 33: Balance Sheet – Equity & Liabilities (Consolidated)
Balance Sheet – Equity & Liabilities (Consolidated) (INR in Crore) 2014-15 2015-16 2016-17 2017-18 2018-19 EQUITY 170.3 209.5 325.0 385.4 472.1 Equity Share capital 32.0 32.0 43.5 43.5 43.5 Other equity 138.3 164.6 281.5 341.9 428.6 Money received against share warrants - 12.9 LIABILITIES 546.2 671.
Slide 34: Future Strategy
Future Strategy Increase Focus on Exports Captive Power Plant With new texturizing machines coming in, exports The Company is planning to set up of 31.4 MW of the company will increase and lead to an captive power plant (30 MW Thermal and 1.4 MW increase in the overall margins of the company on Sola
Slide 35: Shareholder Information
Shareholder Information STOCK DATA (AS ON 31 ST DECEMBER 2019) SHAREHOLDING PATTERN (AS ON 31 ST DECEMBER 2019) Stock Price (INR) 39.10 5% Promoters Market Capitalization (INR) 858.97 cr 35% Shares Outstanding 21.97 cr Non Instiutional 60% Free Float 40.27% Instiutional Symbol (NSE / BSE) FILATEX /
Slide 36: For more information, Please contact
For more information, Please contact Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi –110025 Ph: +91-11-26312503 Fax: +91-11-26849915 Email: secretarial@filatex.com BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 Bhageria House, 4
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