Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (November 2017)
26 slides from Indraprastha Gas's investor presentation, November 2017
Slide 1: Indraprastha Gas Limited: An Overview
INDRAPRASTHA GAS LIMITED An Overview November 2017 1
Slide 2: About us
About us Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. IGL started its operations in NCT of Delhi in 1999 with 9 CNG stations and 1000 PNG consumers Today IGL has its operations in NCT of Delhi, Noida, Greater Noida and Ghaziabad with
Slide 3: Shareholding Pattern
Shareholding Pattern As on Sep ‘17 3
Slide 4: Management
Management IGL Board is fairly well diversified with ten members including two each from GAIL and BPCL, one from Govt. of Delhi and five independent directors. The company is beneficiary of its strong parentage and gets significant support from GAIL and BPCL relating to operations and management. Th
Slide 5: Area of Operation
Area of Operation Delhi: National capital of India has huge demand potential: where all public transport vehicles have to be necessarily run on CNG in view of the directions of the Hon. Supreme Court of India. has the highest number of private cars compared to any other city of India thickly populat
Slide 6: New Geographical Area
New Geographical Area IGL has been authorised for Karnal geographical area in the recent 8th round of bidding by PNGRB IGL has started sale of CNG at two OMCs outlets in Rewari and sale of PNG to Domestic households. IGL plans to add 6 more CNG outlets and to connect 1500 Domestic households in FY18
Slide 7: Segment & Current Sales Volume Mix
Segment & Current Sales Volume Mix Consumer segment wise sales mix 7
Slide 8: Sales Volumes
Sales Volumes Figures in MMSCM FY13 FY14 FY15 FY16 FY17 H1 18 CNG 1,005 1,028 1,073 1,123 1,269 697 PNG 333 356 330 342 406 229 Total Sale 1,338 1,384 1,403 1,465 1,675 926 Daily Average Sale 3.67 3.79 3.84 4.00 4.59 5.06 8
Slide 9: Gas Sourcing
Gas Sourcing Firm allocation from Govt. of India of domestic gas for the entire consumption of CNG and PNG Domestic segment. Lower prices of domestic gas makes the economics of switching to gas more attractive driving growth in CNG & PNG- Domestic segments. Have tied up long term contract for RLNG t
Slide 10: Current Gas Mix
Current Gas Mix 20% PMT Percentage of RLNG gas mix 11% APM 69% 10
Slide 11: Growth in CNG
Growth in CNG Unit March'13 March'14 March'15 March'16 March' 17 Sep ‘17 No. of CNG Nos 324 325 326 340 421 425 Stations Compression (Lakh 63.83 66.17 68.49 68.59 74.00 72.94 Capacity kg/day) Average CNG (Lakh 20.72 21.20 22.07 22.79 25.24 27.93 Sale kg/day) 11
Slide 12: CNG Station Network
CNG Station Network Figures in numbers DTC/ DIMTS Station IGL OMC Total UPSRTC/NMRC Online 139 52 186 377 Daughter Booster 0 0 41 44 Daughter 0 0 4 4 Total 139 52 234 425 12
Slide 13: CNG Vehicles
CNG Vehicles Figures in numbers Mar '13 Mar '14 Mar '15 Mar '16 Mar ’17 Sep ‘17 Buses 18826 19566 19421 19272 21500 22126 Auto/LGV/RTV 207914 220391 241540 259500 277972 280885 Cars/Taxi 460926 514801 556156 589801 672215 690212 Total 687666 754758 817117 868573 971687 992223 Estimated figures based
Slide 14: PNG Users
PNG Users Figures in numbers Mar '13 Mar '14 Mar '15 Mar '16 Mar ’17 Sep ‘17 Domestic 386696 459467 560752 636318 742205 802999 Commercial/ 1382 1876 2292 2580 2870 3119 Industrial Total 388078 461343 563044 638898 745075 806118 14
Slide 15: PNG Network
PNG Network Figures in kilometers Category Mar ‘13 Mar ‘14 Mar ‘15 Mar ‘16 Mar ‘17 Sep ‘17 Steel Pipeline 631 658 681 707 778 867 MDPE Pipeline 7783 8438 8966 9444 9940 10215 Total 8414 9096 9647 10151 10718 11082 15
Slide 16: Standalone Financial Data
Standalone Financial Data Rs./Crores FY13 FY14 FY15 FY16 FY17 H1 17 Gross Turnover 3724 4319 4049 4052 4205 2397 Total Comprehensive 354 360 438 419 570 330 Income EPS (Rs./share) 25 26 31 30 41 24 Book Value 107 126 157 180 209 227 (Rs./Share) 16
Slide 17: Cumulative Capex
Cumulative Capex Rs. in Crores 4500 4060 4134 3991 4000 3654 3430 3500 3236 3010 3000 2642 2500 2000 1500 1000 500 0 FY ‘12 FY ‘13 FY ‘14 FY ‘15 FY ‘16 FY ‘17 Jun ‘17 Sep ‘17 17
Slide 18: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years Year % of equity FY 13 55 FY 14 55 FY 15 60 FY 16 60 FY 17 85* *Including interim dividend 18
Slide 19: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) for Rs. 69 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquired 50% equity share capital of Maharashtra Natural Gas Lim
Slide 20: Consolidated Results
Consolidated Results The standalone and consolidated financial results for the FY 2016- 17 with the Associates i.e. CUGL & MNGL on equity method considering 50% share in profit are as under. Parameter Unit Standalone Consolidated PAT Rs. in Crores 570.21 605.28 EPS Rs./Share 40.73 43.23 20
Slide 21: Growth-Strategy
Growth-Strategy Improve/Augment CNG infrastructure/Stations in Delhi & NCR to meet the additional demand in view of conversion of private cars and improvement in public transport system Improve penetration of PNG business : • Penetration of network in all charge areas • Target Industrial/Commercial
Slide 22: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Regained the status of zero debt company. Comfortable working capital position. ICRA Limited (An associate of Moody’s Investors Service) has reaffirmed highest credit ratings of AAA (Stable) for term loan and A1+ for
Slide 23: Risks & Mitigations
Risks & Mitigations Gas price CNG & PNG-Residential prices remains competitive vis-à-vis petrol and subsidised LPG in view of allocation of domestic gas Spot/short term gas is purchased to reduce the weighted average cost of gas for I/C segment. Sourcing of gas Firm allocation from Govt. of India fo
Slide 24: DDA Case
DDA Case Delhi Development Authority (DDA) has raised a total demand of Rs. 155.64 Crore during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up CNG stations in Delhi. The increase in license fees was related to the period 1 Apr
Slide 25: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of
Slide 26: Thank You
Thank You Indraprastha Gas Limited IGL Bhawan Plot No. 4, Community Centre Sector 9, R K Puram New Delhi - 110022 Phone : 91-11-46074607 Fax : 91-11-26171860/26171863/26171921 Website : www.iglonline.net
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