Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (November 2021)
31 slides from Indraprastha Gas's investor presentation, Nov 16, 2021
Slide 1: Regulation 30 notice of analyst/investor meetings
INDRAPRASTHA GAS LIMITED (A Joint Venture of GAIL (India) Lid BPCL & Govt. of NCT of Delhi) Ref. No.: IGL/CS/2021 November 16, 2021 Dept. of Corporate Services Listing Department Bombay Stock Exchange Ltd. National Stock Exchange of India Ltd. Rotunda Building, 1 Floor Exchange Plaza, Sandra Kurla C
Slide 2: Indraprastha Gas Limited: An Overview
Indraprastha Gas Limited An Overview November 2021
Slide 3: Background
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers. Today IGL has its
Slide 4: Shareholding Pattern
Shareholding Pattern % HOLDING Promoters - 45% (GAIL-22.5% & BPCL- 22.5%) Government of NCT of Delhi - 5% Foreign Institution Investors - 22% Mutual Funds - 10% Insurance Companies - 6% Public / Others - 12% 6% 12% 10% 45% 22% 5% 3
Slide 5: 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. By
Slide 6: Areas of Operation
Areas of Operation Delhi: National capital of India has huge demand potential: - Where public transport vehicles have to 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 popula
Slide 7: New Geographical Areas
New Geographical Areas Rewari: IGL has started sale of CNG at eleven OMCs outlets & four DODO stations in Rewari and sale of PNG to Domestic households. Gurugram: IGL is also laying infrastructure in Gurugram. The permission has been given for the area between west side of Sohna Road and NH 8 in Gur
Slide 8: Current Sales Volume Mix (%)
Current Sales Volume Mix (%) Comm./ Ind. 15% Sale to other CGD Cos. 7% Residential 7% CNG 71% 7
Slide 9: Sales Volumes
Sales Volumes Figures in MMSCM FY’17 FY’18 FY’19 FY’20 FY’21 SEP’21 (H1) CNG 1,269 1,412 1,602 1,738 1,357 819 PNG 406 479 553 619 587 330 Total Sale 1,675 1,891 2,155 2,357 1,944 1149 Daily Average Sale 4.59 5.18 5.91 6.44 5.33 6.28 8
Slide 10: Sales Volumes
Sales Volumes 1738 619 587 1602 553 1412 1357 479 1269 406 330 819 CNG (MMSCM) PNG (MMSCM) FY'17 FY'18 FY'19 FY'20 FY'21 SEP'21 FY'17 FY'18 FY'19 FY'20 FY'21 SEP'21 2357 6.44 6.28 2155 5.91 1891 1944 5.18 5.33 1675 4.59 1149 Total Sale (MMSCM) Daily Average Sale (MMSCMD) FY'17 FY'18 FY'19 FY'20 FY'2
Slide 11: Volume Trends
Volume Trends (FY’17 to SEP'21) (All figures in MMSCMD) 6.44 6.28 0.49 5.91 0.44 0.16 0.11 0.50 0.66 5.33 5.18 0.15 0.79 0.37 0.45 0.54 0.38 0.09 4.59 0.13 0.47 0.33 0.69 0.38 0.43 0.12 0.30 0.46 0.35 0.26 4.75 4.39 4.48 3.87 3.72 3.48 FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 March'21 SEP'21 CNG
Slide 12: 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 which constitute around 79% of the total sa
Slide 13: Current Gas Mix (%)
Current Gas Mix (%) Non-APM 37% RLNG 19% APM 44% 12
Slide 14: Growth in CNG
Growth in CNG UNIT March’17 March’18 March’19 March’20 March’21 SEP’21 Nos. 421 446 500 555 612 622 (Lakh kg) 9,213 10,180 11,439 12,324 9,575 5,797 (Lakh kg/day) 25.24 27.89 31.34 33.67 26.23 31.68 13
Slide 15: Growth in CNG
Growth in CNG 612 622 12324 555 11439 500 10180 9213 9575 421 446 5797 No. of CNG Stations Sales in Lakh kg March'17 March'18 March'19 March'20 March'21 SEP'21 March'17 March'18 March'19 March'20 March'21 SEP'21 33.67 31.34 31.68 27.89 25.24 26.23 Sales in Lakh kg/day March'17 March'18 March'19 Marc
Slide 16: CNG Station Network
CNG Station Network Figures in numbers Station IGL DTC/ OMC DODO Total UPSRTC Online 135 84 294 18 531 Daughter Booster 0 0 64 5 69 Daughter 0 0 22 0 22 Total 135 84 380 23 622 15
Slide 17: CNG Vehicles
CNG Vehicles (Figures in Nos.) 26,865 333,421 26,150 26,760 24,850 22,900 318,860 21,500 304,700 306,570 294,900 277,972 Buses Auto/ LGV/ RTV March'17 March'18 March'19 March'20 March'21 SEP'21 March'17 March'18 March'19 March'20 March'21 SEP'21 897,036 1,257,322 859,170 1,204,790 794,800 1,087,450
Slide 18: PNG Connections
PNG Connections 17.63 16.85 13.75 11.02 8.92 7.42 Domestic (Lakhs) March'17 March'18 March'19 March'20 March'21 SEP'21 7,041 6,687 5,566 4,337 3,593 2,870 Industrial/ Commercial (Nos.) March'17 March'18 March'19 March'20 March'21 SEP'21 17
Slide 19: PNG Network
PNG Network (Figures in kilometers) 16,079 1,394 15,262 1,265 13,455 1,150 12,023 1,006 10,755 919 9,940 778 Steel Pipeline MDPE Pipeline March’17 March’18 March’19 March’20 March’21 SEP'21 March’17 March’18 March’19 March’20 March’21 SEP'21 17,472 16,527 14,605 13,029 11,674 10,718 Total March’17 M
Slide 20: Standalone Financial Data (Rs./ Crores)
Standalone Financial Data (Rs./ Crores) * 1,135 7,131 1,005 6,337 5,409 4,994 786 4,164 671 645 3,377 570 Gross Turnover Total Comprehensive Income FY'17 FY'18# FY'19# FY'20# FY'21# SEP'21# FY'17 FY'18# FY'19# FY'20# FY'21# SEP'21# 41 209 #* 16 # 84 # 89 # 14 # 72 # 10 # 11 #50 # 59 #9 EPS (Rs./shar
Slide 21: Cumulative Capex (Rs. in Crores)
Cumulative Capex (Rs. in Crores) 7,940 7,323 6,312 5,259 4,521 3,991 3,654 FY'16 FY'17 FY'18 FY'19 FY'20 March'21 SEP'21 20
Slide 22: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years % of Year FY 16 equity 60 FY 17 85 FY 18 100 FY 19 120 FY 20 140 FY 21 180* *Proposed for FY 21 21
Slide 23: 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.68 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 Limi
Slide 24: Consolidated Results
Consolidated Results The standalone and consolidated financial results for the quarter ending September 21 with the Associates i.e. CUGL & MNGL on equity method considering 50% share in profit are as under: Parameter Unit Standalone Consolidated Total Comprehensive Income Rs. in Crores 400 419 EPS R
Slide 25: Future Outlook
Future Outlook Approximately Rs.1500 Crores of capex is planned for the financial year 2021-22. The Capex covers existing GA of Delhi NCR and other GAs allotted to the company. Approx. 125 CNG stations are planned to be commissioned during the FY 2021-22. The company is making efforts to increase ga
Slide 26: Future Outlook
Future Outlook Company is actively looking for growth avenues and is open for organic/inorganic growth opportunities. The company is also looking for opportunities to diversify in other areas. Presently 5 number of long route CNG buses with Type 4 cylinders are running in a pilot project with a stat
Slide 27: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Zero debt company. Comfortable working capital position. ICRA Limited (An associate of Moody’s Investors Service) & Care Ratings Ltd. has reaffirmed highest credit ratings of AAA (Stable) for term loan and ICRA Limit
Slide 28: Risk & Mitigations
Risk & Mitigations Gas price • CNG & PNG-Residential prices remains competitive vis-à-vis petrol and subsidized 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 In
Slide 29: DDA Case
DDA Case Delhi Development Authority (DDA) has raised a total demand of ₹155.64 crores 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 April
Slide 30: 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 31: Thank You
Thank You 30
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