Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (July 2005)
21 slides from Indraprastha Gas's investor presentation, July 2005
Slide 1: Indraprastha Gas Limited Corporate Presentation
Indraprastha Gas Limited Corporate Presentation July 2005 1 CNG for Clean & Green Environment
Slide 2: Agenda
Agenda • Overview of Indian Oil & Gas sector • Overview of Gas sector • CNG and PNG business in India • Indraprastha Gas • Opportunity • Financial Overview • Risks 2 CNG for Clean & Green Environment
Slide 3: Overview of Indian Oil & Gas sector
Overview of Indian Oil & Gas sector 3 CNG for Clean & Green Environment
Slide 4: Structure of the sector
Structure of the sector • Aggregate consumption of petroleum products107 MMTPA, Gas demand is 120 mmscmd, supply of 80 mmscmd. • Sector dominated by Public Sector Undertakings: ONGC, IOCL, GAIL, HPCL & BPCL. • Reliance Industries (RIL) a formidable private sector player. • Cairn Energy, British Gas,
Slide 5: Gas sector
Gas sector Demand Supply Scenario* • Demand (120 mmscmd) outstrips the supply (80 mmscmd) m m s cm d FY04 Demand 120 Supply 80 Gap 40 • ONGC and OIL together produce 90% of gas. Natural Gas User Profile* Spong Others • Gas from APM fields subsidized to the Iron 13% 4% extent of 50% of the price, Non
Slide 6: Availability of Gas to Increase
Gas availability is expected to increase as: • Recent gas discoveries by: – Cairn (Western coast) – RIL (KG D-6) – ONGC & others • Import of LNG by: – Petronet LNG Limited: • Dahej Terminal already operational • Kochi terminal expected by FY08 – SHELL: • Gas import expected shortly from Hazira (Guja
Slide 7: Gas Pipeline Policy likely to be finalized
Gas Pipeline Policy likely to be finalized: • Draft gas transmission pipeline policy issued: – Issues of “Open Access” and “Common Carrier” discussed – Final policy expected shortly National transportation Network to expand: • GAIL plans to roll out National Gas Grid • RIL has proposed pipeline conn
Slide 8: Indraprastha Gas Limited
Indraprastha Gas Limited 8 CNG for Clean & Green Environment
Slide 9: Value Chain of CNG
Value Chain of CNG STEEL PIPELINE – NATURAL GAS CARRIER 19-22 Kg/cm2g 19-22 Kg/cm2g CNG CNG Compressor Compressor 250 Kg/cm2g Mobile Mobile 250 Kg/cm2g Cascade Cascade Storage Storage Cascade Cascade MOTHER ONLINE STATION Dispenser Dispenser STATION <=200 Kg/cm2g <=200 Kg/cm2g CNG CNG Vehicle Vehicl
Slide 10: CNG Business
CNG Business Vehicles running on CNG • CNG business has shown robust growth 100 Sales (mn Kg/Day) 0.9 since FY00. 90 0.8 Thousands 80 0.7 70 0.6 60 • Sales have grown at 200% CAGR over 0.5 mn kg/ day 50 0.4 past 4 years. 40 0.3 30 20 0.2 10 0.1 • Increased CNG dispensing stations from - 0.0 meagre 3
Slide 11: PNG Business
PNG Business • AT present PNG penetration in Delhi 300 Revenue from PNG (Rs mn) 16.0 is low (< 1%). 250 PNG Sales (mscm) 14.0 12.0 200 10.0 150 8.0 • Business contributes 5% to turnover. 100 6.0 4.0 50 2.0 0 0.0 • Daily average sales of 50K scmd, FY01 FY02 FY03 FY04 FY05 largely contributed by comme
Slide 12: CNG sales in Delhi can expand significantly
CNG sales in Delhi can expand significantly • At present, 94,246 vehicles consume 0.90 mn kg/day of CNG in Delhi. • Consumption growth from existing fleet of vehicles can be pegged to economic growth. • Leading passenger car manufacturers likely to introduce CNG variants. • Use of CNG for Locomotive
Slide 13: Untapped PNG market
Untapped PNG market • Due to regulatory compliance, preference was given to CNG business over PNG. • With successful roll out of CNG infrastructure, management is now committed to grow PNG business. • Present PNG penetration in Delhi is <1% on base of 3.5 mn users. • LPG user base in new geographies
Slide 14: Strong Financials
Strong Financials Q1 - 2006 FY - 2005 14 CNG for Clean & Green Environment
Slide 15: Increase in Sales
Increase in Sales CNG sales volume increased by 6.3% from Q1 FY’05 to Q1 FY’06 PNG sales volume increased by 95.2% from Q1 FY’05 to Q1 FY’06 Overall sales value increased by 9.0% from Q1 FY’05 to Q1 FY’06 Particulars F.Y. 2004-05 F.Y. 2005-06 Increase Q1 Q1 % CNG Rs. (Lakhs) 11,535.74 12,269.3
Slide 16: Comparative Profit & Loss Account
Comparative Profit & Loss Account (Rs. Lakhs) S.No. Particular s Financial Ye ar Financial Ye ar Financial Ye ar 2005-06 2004-05 2004-05 Q1 Q1 Unaudite d Unaudite d Audite d % Am ount % Am ount % Am ount of Sale s of Sale s of Sale s Sale s Quantity CNG (Qty In La k hs Kgs.) 740.05 - 696.2 - 2,977.2
Slide 17: Physical Achievements
Physical Achievements As on As on As on Pa rticulars 1/4/2004 31/3/2005 30/6/2005 Grow th In Ve hicle s (Numbe rs) Buses 10,199 10,480 10,694 Cars 10,607 10,895 10,895 Taxis 5,411 5,354 5,352 Autos 59,027 62,048 62,105 Mini Bus 5,267 5,469 5,229 Total 90,511 94,246 94,275 PNG Custome rs (Numbe rs Co
Slide 18: CNG Stations (Numbers)
CNG Stations (Numbers) no. of stn. no. of stn. no. of stn. STATION TYPE (31/3/2004) (31/3/2005) (30/6/2005) IGL - Mother 37 37 38 DTC - Mother 19 22 22 IGL - Online 10 12 12 OMC - Online 18 21 22 IGL - Daughter Booster 12 10 9 OMC - Daughter Booster 20 28 28 OMC - Daughter 5 4 4 Total 121 134 135 18
Slide 19: Snapshot of Profit & Loss A/C
Snapshot of Profit & Loss A/C Rs mn FY02 FY03 FY04 FY05 Net Sales 1187.7 3051.4 4194.4 4500.4 % Growth 157 37 7 EBIDTA 297.7 1191.9 1695.5 1844.7 % Growth 300 42 9 PBT 120.2 870.2 1286.0 1411.3 % Growth 624 48 10 Tax 59.0 320.6 464.1 485.1 PAT 65.4 539.8 821.9 926.8 % Growth 725 52 13 19 CNG for Cle
Slide 20: Snapshot of Balance Sheet
Snapshot of Balance Sheet Rs mn FY02 FY03 FY04 FY05 Equity 1400 1400 1400 1400 Reserves 71.7 532.6 1117.6 2043.9 Networth 1471.7 1932.6 2517.6 3443.9 Debt 570 798.8 600 480 Capital Employed 2041.7 2731.4 3117.6 3923.9 Net Fixed Assets 2282.3 3445.7 3769.4 3746.6 Working Capital (169.7) (488.0) (260.
Slide 21: Thank You!
DISCLAIMER: This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections ab