Filatex India Ltd · NSE:FILATEX
Filatex India — Q4 FY20 Earnings Presentation
32 slides from Filatex India's earnings presentation, Jun 5, 2020
Slide 1: Filatex India Limited stock exchange cover letter
CIN NO.L17119DN1990PLC000091 FILATEX INDIA LIMITED FIL/SE/2020-21/10 5th June, 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 Street,
Slide 2: Filatex India Limited Investor Presentation Q4 & FY20
FILATEX INDIA LIMITED Investor Presentation Q4 & FY20
Slide 3: Company Overview
Company Overview We are one of India’s Top 5 Manufacturers of Polyester Filament yarns. Our Vision We manufacture polyester and polypropylene multifilament yarn and To be one of the leading polyester yarns manufacturer polyester chips. We have two manufacturing facilities; one at Dadra & producing p
Slide 4: Our Journey
Commissioned bright Our Journey Polymerization capacity of 300 TPD for spinning 190 TPD of FDY, 25 TPD Set-up of Poly-Condensation of POY, and cut balanced 85 TPD of plant of 600 TPD capacity Bright Chips at Dahej, Gujarat Added manufacturing of along with 250 TPD Spinning Commencement of DTY Poly p
Slide 5: Our Products
Our Products Narrow Woven Fabrics Polyester Chips Used in manufacture of Carpets, Industrial intermediate product used to Rugs, Tapes, Ribbons and Zippers manufacture Polyester yarns. Polypropylene Multifilament Crimp Yarns Polyester Partially Oriented Yarns (POY) Different shades and deniers, the r
Slide 6: Catering to Diverse End-Uses
Catering to Diverse End-Uses Home Textiles & Women Wear & PPE Kits & Athleisure Apparel Furnishings Inner Wear Protective Masks Fully Drawn Yarns of The preferred material for Polyester is extensively In these garments, feeling Polyester & Polypropylene Polyester are being used sportswear is Polyest
Slide 7: Impacting Daily Lives
Impacting Daily Lives …through the …through the stuff apparels one wears toys one plays with …through the towel at home 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 clothes
Slide 8: Polyester – The Preferred Fiber
Polyester – The Preferred Fiber We believe that polyester will be fibre of the future. Filatex has focused its future growth plans on polyester filament yarns. Affordable Pricing Resistant to Stretching and Shrinking Highly Durable Stain Resistant Easy Wash Ability Faster Dryness POLYESTER High Colo
Slide 9: World Fibre Production (2008-2018)
World Fibre Production (2008-2018) Source: DNFI (in 1000 MT) 2008 % 2018 % CAGR Growth CONTRIBUTION TO FIBRE Natural Fibres GROWTH IN THE LAST DECADE Raw Cotton 23,584 31.40 26,120 23.47 1.03 2,536 5% Other Natural Fibres 6,971 9.28 6,084 5.47 (1.35) (887) 19% Total Natural 30,555 40.69 32,204 28.93
Slide 10: Production Process Flow (Dahej)
Production Process Flow (Dahej) Partially Oriented POY Yarns PTA MEG PTA MEG Draw Texturizing DTY Yarns FDY Fully Drawn Yarns TIO2 PTA Paste Tank PTA Paste Tank BASO4 730 TPD 320 TPD ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -1 ESTERFICATION REACTOR -2 ESTERFICATION REACTOR -2 PRE POLY REACTOR
Slide 11: Growth Drivers
Growth Drivers Exports Opportunity Removal of Anti-Dumping Duty on PTA ▪ Cost competitiveness and increase in texturizing machines ▪ Removal of anti-dumping duty on raw material will allow the will open up new export opportunities for the company Indian manufacturers to compete domestically and glob
Slide 12: Growth Drivers - Internal
Growth Drivers - Internal (₹ in Crore) Increase Focus on Exports Value-Added Products With new texturizing machines coming in, exports of Expansion of DTY from 200 TPD to 360 TPD has been the company will increase on account of texturized yarn, installed and will help improve overall margins of the
Slide 13: Global Presence
Global Presence Corporate Office New Delhi Canada Latvia Germany United Kingdom Belarus Manufacturing Poland Georgia United States Czech Croatia ItalySloveniaAzerbaijan New Delhi Facilities Portugal Spain Uzbekistan TurkeyIran South Korea Dadra & Nagar Havelli Dominican Greece Mexico Republic Morocc
Slide 14: Our Certifications
Our Certifications ISO ISO BS OHSAS OEKO-TEX 9001 : 2015 14001 : 2015 18001 : 2007 STANDARD 100 FIL | Investor Presentation | Q4 FY 2019-20 13
Slide 15: Our Awards
Our Awards Asia Pacific SRTEPC - 3rd Best Export Performance Fortune Next 500 Fortune Next 500 Entrepreneurship Awards – Corporate Excellence FIL | Investor Presentation | Q4 FY 2019-20 14
Slide 16: Our Board
Our Board Mr. Madhu Sudhan Mr. Purrshottam Mr. Madhav Bhageria Mr. Ashok Chauhan Bhageria Bhaggeria Joint Managing Director Executive Director Chairman & Managing Director Joint Managing Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director Independ
Slide 17: 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 18: Production Split
Production Split FY 18-19 FY 19-20 Polyester Chips - Semi Dull 1% Polyester Chips - Bright 1% 5% 10% 3% 19% 1% 16% Polyester POY - Semi Dull Polyester POY - Bright 18% 24% Polyester DTY - Semi Dull 2,79,595 3,32,185 TPA Polypropylene POY - Semi Dull 18% TPA 19% 3% Polypropylene DTY 3% Polyester FDY
Slide 19: Quarterly Results (QoQ)
Quarterly Results (QoQ) 737.7 667.3* 62.3 21.0 55.9 18.6 Q3 FY20 Q4 FY20 Q3 FY20 Q4 FY20 Q3 FY20 Q4 FY20 Revenue EBIDTA PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) * Decrease is raw material prices and production and sales loss due to COVID lockdown FIL | Investor Presentation | Q4 FY 2019-20 18
Slide 20: Quarterly Production (QoQ)
Quarterly Production (QoQ) 92,026 90,102 87,432 * 6,936 8,498 7,872 82,901 * 83,166 83,528 7,160 79,560 75,741 Q3 FY20 Q4 FY20 Q3 FY20 Q4 FY20 Yarns Chips Yarns Chips Total Production Total Sales (MTPA) (MTPA) * Production and sales loss due to COVID-19 lockdown FIL | Investor Presentation | Q4 FY 2
Slide 21: Quarterly Results (YoY)
Quarterly Results (YoY) 705.8 667.3* 62.3 28.1 21.0 55.1 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Revenue EBIDTA PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) * Decrease is raw material prices and production and sales loss due to COVID lockdown FIL | Investor Presentation | Q4 FY 2019-20 20
Slide 22: Quarterly Production (YoY)
Quarterly Production (YoY) 87,432 7,872 82,901 7,160 79,560 71,571 72,528 75,741 11,021 8,818 63,710 60,550 Q4 FY19 Q4 FY20 Q4 FY19 Q4 FY20 Yarns Chips Yarns Chips Total Production Total Sales (MTPA) (MTPA) FIL | Investor Presentation | Q4 FY 2019-20 21
Slide 23: Annual Results
Annual Results 2874 2782* 216.51 222.12 121.5 84.9 FY19 FY20 FY19 FY20 FY19 FY20 Revenue EBIDTA PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) * Decrease is raw material prices and production and sales loss due to COVID lockdown 22 FIL | Investor Presentation | Q4 FY 2019-20
Slide 24: Annual Production
Annual Production 3,32,185 3,23,545 26,657 28,032 2,79,595 2,81,857 3,05,528 2,95,513 32,054 32,420 2,47,541 2,49,437 FY19 FY20 FY19 FY20 Yarns Chips Yarns Chips Total Production Total Sales (MTPA) (MTPA) FIL | Investor Presentation | Q4 FY 2019-20 23
Slide 25: Our Growth
Our Growth (₹ in Crore) Net Revenue (₹ in Crore) EBIDTA (₹ in Crore) 216.51 222.13 2,874.10 250 2,782.07 200 156.55 1,927.59 133.17 1,551.01 150 1,278.23 87.47 100 50 0 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 CAGR = 21.46% CAGR = 26.23% PAT (₹ in Crore) PBT (₹ in Crore) 128.75 121.49 140 1
Slide 26: Operational Performance
Operational Performance Exports (₹ in Crore) Production Volume (MTPA) Chips & Yarn 3,32,185 431.60 26,657 397.42 2,79,595 378.87 32,054 2,21,422 300.26 1,89,945 33,559 1,59,111 24,601 3,05,528 29,072 2,47,541 1,87,863 102.13 1,65,344 1,30,039 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Yarns V
Slide 27: Profit & Loss | Q4 FY20
Profit & Loss | Q4 FY20 (INR in Crore) Q4 FY20 Q3 FY20 QoQ % Q4 FY19 YoY % Net Revenue from operations (Net of Taxes) 667.3 737.7 (9.5)% 705.8 (5.5)% Other income 5.9 1.4 (321.4)% 5.2 13.5% Total Revenue 673.2 739.2 (8.9)% 711.0 (5.3)% Total Expenses 641.4 712.9 (10.0)% 667.4 (3.9)% Cost of material
Slide 28: Profit & Loss | FY20
Profit & Loss | FY20 (INR in Crore) FY20 FY19 YoY % Net Revenue from operations (Net of Taxes) 2782.1 2874.1 (3.2)% Other income 12.4 11.8 5.1% Total Revenue 2794.5 2885.9 (3.2)% Total Expenses 2672.5 2757.3 (3.1)% Cost of materials consumed 2255.6 2351.0 (4.1)% Changes in inventories (41.6) 13.6 (4
Slide 29: Balance Sheet - Assets | FY20
Balance Sheet - Assets| FY20 (INR in Crore) 2015-16 2016-17 2017-18 2018-19 2019-20 Non-Current Assets 525.4 665.9 962.0 1,017.8 1,217.0 Property, plant and equipment 492.3 628.4 944.5 927.9 1,115.3 Capital work-in-progress 18.0 5.7 6.4 71.5 66.5 Other Intangible Assets 0.1 0.2 0.4 0.7 0.7 Financial
Slide 30: Balance Sheet – Equity & Liabilities | FY20
Balance Sheet – Equity & Liabilities| FY20 (INR in Crore) 2015-16 2016-17 2017-18 2018-19 2019-20 EQUITY 209.5 325.0 385.4 472.1 594.9 Equity Share capital 32.0 43.5 43.5 43.5 43.9 Other equity 164.6 281.5 341.9 428.6 551.0 Money received against share warrants 12.9 LIABILITIES 671.3 733.9 1,049.7 9
Slide 31: 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 32: Filatex India Limited
For more information, Please contact Filatex India Limited BHAGERIA HOUSE, 43 Community Centre, New Friends Colony, New Delhi –110025 Ph: +91-11-26312503 Email: ir@filatex.com BSE: 526227 | NSE: FILATEX | ISIN: INE816B01027 | CIN: L17119DN1990PLC000091 WWW.FILATEX.COM FIL | Investor Presentation | Q