Ifgl Refractories Ltd. · NSE:IFGLEXPOR
Ifgl Refractories — Q2 FY17 Earnings Presentation
22 slides from Ifgl Refractories's earnings presentation, November 2016
Slide 1: Result Update Presentation Q2 & H1-FY17
Result Update Presentation Q2 & H1-FY17 November 2016
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by IFGL Refractories Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not for
Slide 3: Industry Overview
Industry Overview
Slide 4: Slowdown in Chinese Steel Production...
Slowdown in Chinese Steel Production... Exports Exports for September Month fell by 22% YOY 01 Production Cut Chinese Steel Producers have pledged to cut down production by 100-150 mn tonnes in next 5 years 02 European Union Strong lobbying to restrict Chinese import by levying 03 practice measure o
Slide 5: Reflected in World Steel Production Showing an Increasing Trend
…Reflected in World Steel Production Showing an Increasing Trend Source – Worldsteel 5
Slide 6: Quarterly Performance
Quarterly Performance
Slide 7: Export Award
URSA The Chairman and Committee of the Indian Refractory Makers Association have pleasure in recording their appreciation and in extending this citation under the IRMA Awards Scheme for achieving Highest in Export Performance for the year 2015-16 to Ms. IFCE£,. ws Led. In Large Scale Sector Kolkata,
Slide 8: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars [Rs. Crs] Q2 FY17 Q2 FY16 Growth % H1 FY17 H1 FY16 Growth % Commentary Total Income 194.1 186.6 4.0% 376.0 372.4 1.0% USA Performance: Seeing strong demand for Raw Material 88.8 96.1 177.9 191.1 our products, resulting in higher utilization levels Employee Expe
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Crs. Sep-16 Mar-16 Rs. Crs. Sep-16 Mar-16 Shareholder’s Fund 396 387 Non-current assets 252 264 Share capital 35 35 Fixed assets 129 132 Reserves & Surplus 361 352 Goodwill on Consolidation 116 128 Minority Interest 16 13 Long-term loans and advances 6 4 Non-current li
Slide 10: Consolidated Financial Highlights – H1FY17
Consolidated Financial Highlights – H1FY17 Consolidated Turnover [Rs. Crs] EBITDA [Rs. Crs] 372 376 52 42 H1FY16 H1FY17 H1FY16 H1FY17 EBITDA margin % PAT After MI [Rs. Crs] 14 28 11 21 H1FY16 H1FY17 H1FY16 H1FY17 10
Slide 11: Standalone Financial Highlights – H1FY17
Standalone Financial Highlights – H1FY17 Standalone Turnover [Rs. Crs] EBITDA [Rs. Crs] 166 24 156 15 H1FY16 H1FY17 H1FY16 H1FY17 Domestic V/s Export Sales [%] PAT [Rs. Crs] 13 7 Exports 47.5% 52.5% Domestic H1FY16 H1FY17 11
Slide 12: Subsidiary Performance – H1FY17
Subsidiary Performance – H1FY17 Monocon Group [GBP mn] EI Ceramics [$ mn] 14.1 9.1 7.7 11.9 1.6 1.3 0.9 1.0 0.7 0.6 0.3 H1FY16 -0.1 H1FY17 H1FY16 H1FY17 Revenue EBITDA IFGL Exports [Rs. Crs] Hofmann Ceramic [Euro mn] PAT 5.4 35.4 23.3 5.1 0.6 0.5 0.4 9.5 0.3 6.1 7.3 3.5 H1FY16 H1FY17 H1FY16 H1FY17 1
Slide 13: Reputed Global Brand
Reputed Global Brand 13
Slide 14: Strong Brand in Global Refractories Market
Strong Brand in Global Refractories Market Consolidated Turnover [Rs. Crs.] FY16 Sales by Region +4.5% 781 793 Europe UK 722 [exc UK] 9% 676 33% 606 Americas 24% 376 India Asia [exc 22% India] 12% India Europe [exc UK] UK Americas FY12 FY13 FY14 FY15 FY16 H1FY17 Asia [exc India] 14
Slide 15: Our Manufacturing Plants
Our Manufacturing Plants Monocon , UK Hofmann Ceramic, Mono Ceramics Inc Michigan, US Germany Tianjin Monocon Tianjin, China EI IFGL Exports, Kandla Ceramics, Cincinnati, SEZ, Gujarat, India US 15
Slide 16: Specialized Refractory for Steel making with Wide Product Range
Specialized Refractory for Steel making with Wide Product Range Isostatic & Tube Changer Refractories & System Slide Gate & Purging Refractories & System Cast Products, Zirconia Nozzles, Foundry Ceramics 16
Slide 17: IFGL Performance over the Years
IFGL Performance over the Years Particulars [Rs. Crs] FY12 FY 13 FY 14 FY 15 FY 16 H1FY17 Total Income 607.1 676.8 781.0 793.5 722.1 376.0 Raw Material 303.8 352.3 378.0 406.1 365.2 177.9 Employee 84.3 98.7 110.0 117.9 119.6 62.2 Expenses Other Expenses 141.8 163.2 181.0 170.6 156.2 84.1 EBITDA 77.2
Slide 18: Bucking Global Steel Trend and...
bucking Global Steel Trend and Revenue EBITDA PAT Monocon Group [GBP mn] EI Ceramics [$ mn] Hofmann Ceramic [Euro mn] 27.6 27.4 16.8 10.6 16.6 26.1 15.9 10.2 10.2 15.4 9.9 2.7 2.6 1.1 22.8 2.2 0.9 1.5 1.6 0.7 2.5 2.3 1.5 0.5 0.5 0.6 1.6 1.1 1.3 1.5 0.8 0.3 1.1 0.7 0.2 0.7 FY13 FY14 FY15 FY16 FY13 FY
Slide 19: Increasing Focus on Return Matrix
increasing focus on Return Matrix* Monocon Group# EI Ceramics Hofmann Ceramic +530Bps 5.1% 13.6% 10.4% 4.9% 10.5% EBITDA 5.1% FY13 FY16 FY13 FY16 FY13 FY16 +720Bps 5.4% 16.4% 20.4% 4.6% ROCE 13.2% 9.5% FY13 FY16 FY13 FY16 FY13 FY16 •On Basis of Local currency Financials in the country of reporting •
Slide 20: Sustainable Shareholder Value Creation
Sustainable Shareholder Value Creation Return on Capital Employed Net Debt : Equity Ratio [x] Net Debt : EBITDA Ratio [x] 22% 0.7 1.9 18% 18% 1.4 0.5 14% 13% 9% 0.3 0.8 0.7 0.2 0.5 0.4 0.1 0.1 FY12 FY13 FY14 FY15 FY16 H1FY17 FY12 FY13 FY14 FY15 FY16 H1FY17 FY12 FY13 FY14 FY15 FY16 H1FY17 * Consolida
Slide 21: Dividend Record
Dividend Record 20.0% 20.0% 17.5% 15.0% 15.0% FY12 FY13 FY14 FY15 FY16 Particulars (Rs.) FY12 FY13 FY14 FY15 FY16 H1FY17 Consolidated Book Value per Share 64.1 70.9 95.1 99.6 111.7 114.4 Consolidated Earning Per Share 11.3 7.9 18.3 15.1 12.1 8.1 Dividend Per Share 1.5 1.5 1.75 2.00 2.00 - 21
Slide 22: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L27202OR1989PLC002971 CIN - U74140MH2010PTC204285 Mr. Rajesh Agrawal Mr. Shogun Jain / Ms. Payal Dave rajesh.agrawal@ifgl.in shogun.jain@sgapl.net / payal