Slide 1: Result Presentation Q2 FY16
Aegis Logistics Limited Result Presentation Q2 FY16 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aegis Logistics 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 secu
Slide 3: Robust Performance H1 FY2016
Robust Performance H1 FY2016 28% 40% 30% PAT Normalised EBITDA PBT Sep 2015 23 % 54 % 0.08x ROCE- Liquid Division ROCE- Gas Division Net Debt to Equity Net Debt/Equity = Long Term Borrowing+ Short term Borrowing – Cash – Current Investments 3
Slide 4: Multiple Gears for Future Growth
Multiple Gears for Future Growth Haldia Expansion Mangalore Expansion Current Capacity fully utilized 3 Acres of Land allotted at the Port Total Land of 13 acres available Brownfield expansion of 25,000 KL Kandla Expansion Total land of 20 acres Mumbai Port - Jetty allotted New Jetty alr
Slide 5: Our Strategy: Building a Necklace of Terminals
Our Strategy : Building a Necklace of Terminals VLGC All Ports are Deep Water Ports to accommodate VLGC Entry in New Port Pipelines Pipeline Facilities for Larger Customers Kandla Haldia Pipavav Railways Railways available at Pipavav Mumbai and can be set up at all ports except Mumbai Ne
Slide 6: Business Overview
Business Overview Strategic Port Location 6
Slide 7: Business Overview
Business Overview Liquid Division Gas Division Business Business – Third Party Liquid Logistics (3PL) – Third Party Gas Logistics (3PL) – O&M Services H1 FY16 EBITDA – Auto Gas Retailing and Packed LPG Cylinders for Rs 109 Cr Commercial segment – Industrial Gas Distribution Liquid Gas – Marine P
Slide 8: Liquid Logistics and EPC Services
Liquid Logistics and EPC Services Liquid Logistics (3PL) O&M Services Shipping Logistics O&M Facilities Segment Activity Revenue Stream Throughput Fees, Handling & Value Addition Liquid Logistics Logistics Charges O&M Services Operations & Maintenance O&M Fees 8
Slide 9: Liquid Traffic at Indian Ports
Liquid* Traffic at Indian Ports POL Traffic Growth at Indian Ports POL Traffic at Major Ports in FY 2015P mn MT +27% Others Haldia Paradip 3% 3% 349.3 350.8 10% 345.3 Kandla 29% Visakhapatnam 330.2 8% 325.3 312.6 Chennai 7% Kochi 7% 272.0 Mumbai 19% New JNPT Mangalore 2% 12% FY09 FY10 FY11 FY12 FY13
Slide 10: Capacity Expansion in Liquid Division
Capacity Expansion in Liquid Division 01 Kandla 629 Expansion – 100,000 KL Built up of Capacities (‘000s KL) 100 Existing 02 Haldia Expansion Expansion – 25,000 KL 120 Existing – 60,190 85 03 Mumbai 60 Existing – 273,000 KL 25 273 51 04 Pipavav Existing – 120,120 05 Kochi Existing – 51,0
Slide 11: Greenfield Liquid Terminal Expansion at Kandla Port
Greenfield Liquid Terminal Expansion at Kandla Port Land Kandla Total land available 20 acres Project Cost Gujarat Rs 75 crs Means of Finance Internal Accrual Greenfield Liquid Terminal Expansion at Kandla Port – 100,000 KL • Port has maintained its No. 1 position in terms of volume of t
Slide 12: Brownfield Liquid Terminal Expansion at Haldia Port
Brownfield Liquid Terminal Expansion at Haldia Port Land Total land available 13 acres Project Cost Gujarat Rs 15 crs West Bengal Means of Finance Haldia Internal Accrual Brownfield Liquid Terminal Expansion at Haldia Port – 25,000 KL • Haldia Port is the only reverine major Port in Indi
Slide 13: Liquid Division Performance
Liquid Division Performance Revenue (Rs. Crs.) Normalized EBITDA (Rs. Crs.) * 153 97.3 H2 87 H2 57.2 90 55.7 +36% +39% H1 66 H1 40.1 FY15 FY16 FY15 FY16 * - Normalized EBITDA – Before Forex, Hedging Related Expenses 13
Slide 14: Gas Logistics
Gas Logistics LPG Terminals - Pipavav 14
Slide 15: Capturing Complete Value Chain
Capturing Complete Value Chain 40% 60% Gas Distribution Gas Logistics (3PL) AND/OR Gas Sourcing Sourcing Fees Industrial Sourcing Shipping Terminalling Auto Gas Segment Activity Revenue Stream Gas Sourcing Sourcing & Shipping Sourcing Commission Throughput Fees, Handling & Gas Logistics Terminalling
Slide 16: Our Gas Distribution Network
Our Gas Distribution Network B2C Auto Gas Retailing: Distribute LPG as Auto Fuel through Gas Station Network 102 Auto Gas Stations across 7 States B2B Bulk Industrial Distribution: Distribute LPG through road tankers to Auto, Steel, Ceramic Industries etc Commercial LPG: Distribute Packed Cy
Slide 17: Current Capacity in Gas Division
Current Capacity in Gas Division 01 Mumbai Built up of Capacities Existing Static Capacity – 20,000 MT Existing 8,100 28,100 Existing Throughput Capacity – 500,000 MT Expansion 5,400 02 Pipavav 2,700 20,000 Expansion Static Capacity – 2700 MT Expansion Throughput Capacity – 100,000 MT Exis
Slide 18: Brownfield Gas Terminal Expansion at Pipavav Port
Brownfield Gas Terminal Expansion at Pipavav Port Land Total land available 95 acres Project Cost Pipavav Gujarat Rs 15 crs Means of Finance Internal Accrual Brownfield Gas Terminal Expansion at Pipavav Port – 2700 MT • Pipavav port is strategically located in the Gulf of Khambat, 152 na
Slide 19: Gas Division Performance
Gas Division Performance Revenue (Rs. Crs.) Normalized EBITDA (Rs. Crs.) * Revenues decline majorly due EBITDA improved due to • Decline in LPG Prices • Increased LPG volume handled at our • Reduction in Sourcing volumes terminals in Mumbai and Pipavav 3,763 85.0 H2 1,387 H2 42.3 53.4 +25% -51%
Slide 20: LPG Volume Break-up
LPG Volume Break-up Distribution (‘000 MT) Logistics (‘000 MT) 42 626 H2 21 H2 294 402 24 +21% +14% H1 21 H1 332 FY15 FY16 FY15 FY16 20
Slide 21: Joint Venture with ITOCHU Petroleum for Singapore LPG Sourcing
Aegis entered into a Joint Venture for its Singapore based LPG Sourcing and Supply Business with ITOCHU Petroleum Co., (Singapore) Pte Ltd 21
Slide 22: Creating 'Leading LPG Sourcing Player in India'
Creating ‘Leading LPG Sourcing Player in India’ Aegis Logistics Limited sold 40% of its equity ownership in its wholly owned subsidiary, Aegis Group International Pte. Ltd. Singapore, to ITOCHU Petroleum Co., (Singapore) Pte Ltd., a wholly owned subsidiary of ITOCHU Corporation for a total considera
Slide 23: JV: Best of both Worlds
JV : Best of both Worlds Aegis ITOCHU Growing LPG Market in India Large Volume of LPG Sourcing 0.85 mn MT p.a. throughput Efficient and Cost Effective Shipping capacity at Mumbai and Pipavav Port for High Volumes Strong Customer Relationships with Large Oil Companies Strong Negotiating P
Slide 24: Way Forward
Way Forward Pipeline Infrastructure 24
Slide 25: Future Strategy
Future Strategy Liquid LPG Operationalise land acquired on long term Build new Refrigerated LPG Terminals with lease: associated pipeline, rail and road connectivity. Build to max capacity at Mangalore and Kandla. Expand Pipavav LPG terminal capacity Continue expansion at Haldia and Focu
Slide 26: Financials
Financials Railway Siding - Pipavav 26
Slide 27: Consolidated Profitability Statement
Consolidated Profitability Statement Rs Crs H1 FY16 H1 FY15 Y-o-Y % Revenue 1,247 2,438 -49% Cost of Sales 1083 2304 Others 55 49 Normalized EBITDA (Segment) * 109 85 28% Finance, Hedging & Forex related Expenses (Net) 8 9 Depreciation 11 11 Unallocated Expenses 16 13 Profit Before Tax 74 53 40% Cap
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Crs Sep-15 Mar-15 Rs. Crs Sep-15 Mar-15 Shareholder’s Fund 479 427 Non-Current Assets 584 558 Share Capital 33 33 Fixed Assets * 510 488 Reserves & Surplus 446 394 Non-Current Investments 2 3 Minority Interest 34 26 Other Non-Current Assets 72 67 Non-Current Liabilitie
Slide 29: Dividend Track Record
Dividend Track Record Dividend 32% 35% 44% 34% 24% 23% Payout 103 Rs Crs 61 52 47 34 22 25 21 15 15 12 8 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 H1 FY 2016 Dividend Paid Net Profit 29
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Aegis Logistics Limited Strategic Growth Advisors Pvt. Ltd. CIN: L63090GJ1956PLC001032 CIN: U74140MH2010PTC204285 Mr. Murad Moledina, CFO Ms. Payal Dave / Ms. Ekta Bhalja murad@aegisindia.com dpayal@sgapl.net / bekta@sg