Aegis Logistics Limited · NSE:AEGISLOG
Aegis Logistics — Investor Presentation (July 2021)
35 slides from Aegis Logistics's investor presentation, July 2021
Slide 1: Aegis Logistics Limited Investor Presentation July 2021
AEGIS LOGISTICS LIMITED Investor Presentation July 2021 India’s Leading Provider of Logistics Services to the Oil, Gas and Chemical Industry
Slide 2: Safe Harbor
Safe Harbor 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 secur
Slide 3: Aegis at a glance
Aegis at a glance Liquid Division Business Activities EBITDA Contribution › Third Party Liquid Logistics (3PL) Gas Division › O&M Services 57% Q1 FY22 Gas Division Business Activities EBITDA* Rs. 114 Cr › Third Party Gas Logistics (3PL) › Auto Gas Retailing Liquid Division › Packed LPG Cylinders for
Slide 4: Gas Division
Gas Division
Slide 5: Integrated Supply Chain Service Provider
Integrated Supply Chain Service Provider To provide integrated logistics services from sourcing, storing, moving and distributing products for our customers Auto Gas, Commercial & Industrial Distribution Pipelines & Connectivity Storage Terminals • Network of 128 Autogas Strategic stations in 10 sta
Slide 6: Overcoming India's clean cooking challenge
Overcoming India’s clean cooking challenge ('000 Metric Tonnes) ('000 Metric Tonnes) Consumption of LPG in India Production & Imports of LPG in India 16,527 27,591 Production Imports Consumption 12,072 › CAGR: 7.1% 6,149 Imports / Consumption (%) 2000-01 12% 853 2020-21 60% 2000-01 2001-02 2002-03 2
Slide 7: Government pushes for LPG in rural
Government pushes for LPG in rural Focus of GoI on LPG Penetration In. Millions LPG Active Domestic Coverage PMUY beneficiaries 279 285 370 265 224 199 166 72 80 80 80 20 36 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Oct-20 Apr-21 2013: PAHAL (DBTL) 2016: GiveItUp Campaign 2016: PM Ujjwala Yojana 2020: PM G
Slide 8: Significant investments and infrastructure strengthening in LPG sector
Significant investments and infrastructure strengthening in LPG sector Existing major LPG pipelines in India Gross Tankage* ('000 Metric Tonnes) Name of Pipeline Owner Length (KM) Capacity (MMT) Panipat-Jalandhar pipeline IOCL 280 0.70 +14% 978 988 Paradip Haldia Durgapur pipeline (1) IOCL 873 1.30
Slide 9: Increasing LPG imports will need Terminal Capacity
Increasing LPG imports will need Terminal Capacity (Million Metric Tonnes) Domestic Supply Base Case Demand High Growth Scenario Linear (High Growth Scenario) 60 50 Imports : 38 40 30 27.59 Imports : 25 20 Imports : 16.5 10 12.07 0 Source: PPAC/IOC and Management Estimates 9
Slide 10: Continued investments in growth
Continued investments in growth Kandla Port – New LPG Project Pipavav - Brownfield Expansion Kandla Port Capacity Capacity › Static : 45,000 MT – 2 Fully › Static : Existing - 18,300 MT & Refrigerated Tanks of 22,500 MT each Additional - 3,800 MT › Throughput : 4,000,000 MT at full › Throughput : Ex
Slide 11: Growth investment to double the capacity by end 2021
Growth investment to double the capacity by end 2021 LPG Static Capacity Post Expansion ('000 Metric Tonnes) Static Capacity MT Mumbai Pipavav +87 MT 20 20 22 112 ~4x 5 2015-16 2020-21 2015-16 2020-21 63 63 Haldia Kandla 38 28 25 45 25 NIL NIL 2015-16 2016-17 2017-18 2018-19 2019-20 2021-22 (E)* 201
Slide 12: Advantage Aegis will be long gestation period for LPG Infrastructure
Advantage Aegis will be long gestation period for LPG Infrastructure LPG Throughput Capacity Post Expansion ('000 Metric Tonnes) Throughput Capacity MT Mumbai Pipavav +8,850 MT 1,500 1,600 9,600 ~13x 500 250 2015-16 2020-21 2015-16 2020-21 5,000 5,000 Haldia Kandla 2,500 2,500 4,000 1,300 750 NIL NI
Slide 13: Volumes handled by LPG terminals
Volumes handled by LPG terminals ‘000 MT Average ~436 Average ~631 Average ~756 Average ~728 Q1 FY22 volumes 958 were impacted due to: 775 751 728 723 • Cyclone Tauktae 710 700 715 663 at Pipavav 576 572 588 568 521 • Cyclone Yaas at 442 479 Haldia • State Elections in 302 West Bengal • Covid-19 Sec
Slide 14: Volumes delivered by high margin retail business
Volumes delivered by high margin retail business ‘000 MT Average ~20 Average ~29 Average ~41 Avg ~29 46 41 41 37 35 34 34 33 31 31 28 21 21 22 18 17 13 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1FY22 FY18 FY19 FY20 FY21 14
Slide 15: Volumes sourced by the JV - Aegis Group International Pte. Ltd (AGI)
Volumes sourced by the JV - Aegis Group International Pte. Ltd (AGI) Sourcing Sourcing Volumes ('000 Metric Tonnes) Q1 Q3 Q2 Q4 40% 60% 1,861 452 1,232 1,177 216 542 233 870 270 Sourcing Shipping 353 158 273 442 143 › ITOCHU Corporation is third-largest Japanese Sogo 306 Shosha (general trading Comp
Slide 16: Way forward for the LPG terminalling & throughput
Way forward for the LPG terminalling & throughput “Further Increase LPG Capacity” Increase in Throughput Volumes › Operational › Potential incremental volumes of 0.5 Mn MT Uran Chakan per year Pipeline Kandla › Operational Haldia Railway › Potential incremental volumes of 0.3 - 0.5 Mn Pipavav interc
Slide 17: Way forward for the LPG retailing
Way forward for the LPG retailing Growth plans in Retail LPG business AutoGas Commercial LPG Market Domestic LPG Market LPG Bottling Plants Current : 128 stations over Expansion into a national Expansion in Tier 1, 2 & 3 Up to 37 LPG bottling plants 10 states distribution network for urban cities wi
Slide 18: Liquid Division
Liquid Division
Slide 19: Liquid terminals to handle diversified products
Liquid terminals to handle diversified products › Provides import, export, storage, and logistics services, handling Class A, B, and C products as well as all types of chemicals, POL Products and Vegetable Oils › Tanks includes MS, SS, Epoxy Coated, IFR tanks › Pipeline connectivity with major clien
Slide 20: Continued investment in growth
Continued investment in growth Built up of Capacities Kochi Expansion (‘000 KL) Capacity : 20,000 KL 75 853 25 Project Cost : Rs. 15 Crs 50 Completion Date : H2FY22 140 120 174 Haldia Expansion 120 Capacity : 53,500 KL 71 54 Project Cost : Rs. 35 Crs 273 51 Completion Date : H1FY22 20 Mangalore Expa
Slide 21: Experience & Relationships
Experience & Relationships
Slide 22: Strong Management Team
Strong Management Team Raj Chandaria Anish Chandaria Sudhir Malhotra Chairman & MD Vice Chairman & MD Group President & COO Rajiv Chohan K.S. Sawangt Murad Moledina President – Business Development President – Operations & Projects Chief Financial Officer 22
Slide 23: Large & Diversified Client Relationships
Large & Diversified Client Relationships The Brand names mentioned are the property of their respective owners and are used here for identification purpose only 23
Slide 24: Resilient Business Performance
Resilient Business Performance
Slide 25: Sustainable Profitability in both the divisions
Sustainable Profitability in both the divisions Q1 FY22 Performance Liquid Division – Normalized EBITDA* +23% Normalized EBITDA* -3% 49 118 114 40 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Gas Division – Normalized EBITDA* -2% 92 90 -16% Normalized PBT^ 78 65 Q1FY21 Q1FY22 Q1FY21 Q1FY22 * Normalized EBITDA – Befo
Slide 26: Gas division performance - EBITDA
Gas division performance - EBITDA* Rs. in Cr. Increasing throughput Increase in wallet Increasing Retail & by continuous capacity share & Addition in Distribution Sustainable Business expansion new customers business of LPG Average ~51 Average ~77 Average ~106 Average ~91 122 122 108 99 89 91 85 80
Slide 27: Record Performance in Liquid Division
Record Performance in Liquid Division Revenue (Rs. In Cr.) Normalized EBITDA* (Rs. In Cr.) Revenue +13% +24% +19% 234 173 66 208 55 183 140 168 103 104 Q1 FY21 Q1 FY22 Normalized EBITDA* +23% FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 49 40 New Capacities fully operational Margins shows significant imp
Slide 28: Q1FY22 Consolidated profitability statement
Q1FY22 Consolidated profitability statement Rs. In Cr. Q1 FY22 Q1 FY21 Y-o-Y % FY21 FY20 Revenue 678 636 7% 3,843 7,183 Cost of Sales 524 488 3,166 6,472 Others 40 30 142 148 Normalized EBITDA (Segment) * 114 118 -3% 535 563 Finance, Hedging & Forex related Expenses (Net) -3 - -4 11 Depreciation 19
Slide 29: Consolidated balance sheet
Consolidated balance sheet ASSETS (Rs. In Cr.) Mar-21 Mar-20 EQUITIES AND LIABILITIES (Rs. In Cr.) Mar-21 Mar-20 Non-Current Assets Equity Property, Plant and Equipment 1,709 1,697 Equity Share Capital 35 34 Capital Work in Progress 488 220 Other Equity 1,901 1,621 Other Intangible Assets 1 1 Equity
Slide 30: Cash flow generation with a disciplined capital investment
Cash flow generation with a disciplined capital investment In Rs. Crs FY21 FY20 Profit before tax 336 208 Operating Profit Before Working Capital Changes 499 523 Net cash inflow from operating activities (A) 442 146 Net cash inflow/(outflow) from investing activities (B) -428 -151 Net cash outflow f
Slide 31: Increasing dividend to create shareholders value
Increasing dividend to create shareholders value Dividend 32% 35% 44% 34% 24% 32% 34% 25% 22% 45%* 28%* Payout Dividend Paid Net Profit 252 250 Rs. In Cr. 198 134* 120 113 103 70 61 56 61 47 50 36 41 34 22 21 25 15 15 8 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 *Includes non-cash expens
Slide 32: Aegis Vopak Terminals Limited
Aegis Vopak Terminals Limited
Slide 33: Formation of JV – Aegis Vopak Terminals Ltd
Formation of JV – Aegis Vopak Terminals Ltd ▪ Aegis and Vopak propose to form a JV to take advantage Aegis is India’s leading of the numerous growth opportunities in the field of oil, liquid and LPG tank gas and chemical logistics in India terminal owner and operator ▪ JV co to be named Aegis Vopak
Slide 34: Enhancing Stakeholders Value
Enhancing Stakeholders Value Benefits from the Deal Existing Business of Aegis Way Forward • Scale up its Liquid and LPG Core Principles of Strong Balance Terminals business on an Sheet & Free Cash Flows accelerated basis • 100% owned Mumbai liquid and LPG terminals • Pool financial, management and
Slide 35: Thank You
Thank You Aegis Logistics Limited CIN: L63090GJ1956PLC001032 Mr. Murad Moledina, CFO murad@aegisindia.com Ms. Payal Dave +91 9819916314 Payal.Dave@linkintime.co.in Mr. Sagar Shroff +91 9820519303 sagar.shroff@linkintime.co.in