Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q2 FY23 Earnings Presentation
25 slides from Ig Petrochemicals's earnings presentation, Nov 11, 2022
Slide 1: Investor Presentation – Regulation 30 cover letter
11th November, 2022 SECT/1042 BSE Limited The National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza 1st Floor, P J Towers Bandra Kurla Complex Dalal Street Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Scrip Code: 500199 Scrip Code: IGPL Dear Sir, Sub: Investor Pre
Slide 2: Investor Presentation – November 2022
Investor Presentation – November 2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by I G Petrochemicals 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 se
Slide 4: Q2 & H1FY23 Highlights
Q2 & H1IFY23 Highlights
Slide 5: Performance Highlights
Performance Highlights Revenue^ (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) 21.2% 15.8% 21.5% 17.4% 13.9% 9.6% 13.7% 11.0% Margin +21.3% +43.6% +15.9% -15.8% +15.8% -9.1% 575 1,239 100 215 66 137 91 186 118 474 55 863 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 Q2 FY22 Q2 FY23 H1 FY22 H1 FY23 Q2 FY22 Q2 FY23 H1 FY
Slide 6: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business +79% YoY Growth Rs 120 Crores Rs 94 Crores Rs 54 Crores Rs 52 Crores Rs 45 Crores FY20 FY21 FY22 H1 FY22 H1 FY23 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), D
Slide 7: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. Cr) Q2 FY23 Q2 FY22 Y-o-Y H1 FY23 H1 FY22 Y-o-Y Total Revenue^ 574.8 473.8 21.3% 1,239.2 863.1 43.6% Raw Material 419.1 320.1 898.3 566.0 Employee Expenses 20.4 17.4 40.7 35.6 Other Expenses 44.2 36.1 84.8 75.8 EBITDA 91.1 100.2 -9.1% 215.3 185.8 15.9% EBITDA
Slide 8: Balance Sheet
Balance Sheet Particulars (Rs. Cr) Sep– 22 Mar – 22 Particulars (Rs. Cr) Sep - 22 Mar - 22 Equity Non-Current assets Equity Share Capital 30.8 30.8 Property, Plant and Equipment 713.1 733.3 Capital Work-In-Progress 60.8 18.1 Other Equity 1,135.9 1,030.3 Goodwill 2.0 2.0 Total Equity 1,166.7 1,061.1
Slide 9: Company Overview
Company Overview
Slide 10: Company Snapshot
Company Snapshot India’s only Incorporated in 1988 Maleic Anhydride* Manufacturer World’s Largest PAN* Manufacturer at Single Location > 50% Domestic Market Share of India’s Largest PAN* Phthalic Anhydride Manufacturer 20+ End User Industries Served PAN* Capacity 2.22 Lakh MTPA ISO Certified Lowest
Slide 11: Phthalic Anhydride Overview
Phthalic Anhydride Overview PAN is a versatile intermediate in organic chemistry and a downstream product of a basic petrochemical, Orthoxylene (Ox). It is used as an intermediate to produce Plasticizers, Unsaturated Polyster Resins, and Alkyd Resins & Polyols. It finds application in both consumer
Slide 12: Diversification Into Non-Phthalic Anhydride Products
Diversification Into Non-Phthalic Anhydride Products Maleic Anhydride Benzoic Acid Diethyl Phthalate (DEP – Advance Plasticizers) Current Capacity Downstream › Phthalic Anhydride - 222,110 MTPA Speciality › Maleic Anhydride – 7,660 MTPA Derivatives › Benzoic Acid – 1,000 MTPA Evaluating Speciality &
Slide 13: Proximity to Western Belt of India
Proximity to Western Belt of India VISION “To be a well-diversified chemicals company with a leadership position in Phthalic Anhydride Industry’’ Plants are engineered with Technical collaboration with Lurgi Gmbh, Germany and are designed on the low energy-based processes The Company has a distinct
Slide 14: State of the Art Manufacturing Facilities
State of the Art Manufacturing Facilities World’s Largest PAN Manufacturer at Single Location Undertaken Significant Process Enhancement Initiatives along with capacity expansions and product diversification Six-sigma quality control processes and ERP systems across the organization Steam generated
Slide 15: Diversified End-User Industry
Diversified End-User Industry 20+ Phthalic End User Anhydride Plasticizers Alkyd Resins & Paints Unsaturated Polyester Resins CPC Pigments Industries Maleic Anhydride Lubricant Additive Agro Chemicals Plastics Unsaturated Polyester Resins 120+ Clients Benzoic Acid Perfume Insect Repellent Speciality
Slide 16: High Focus on Capacity Expansion
High Focus on Capacity Expansion Capacity Post PA 5 Expansion (MTPA) PA 4 Plant 2,75,110 • PAN Capacity of 53,000 MTPA Commissioned 2,22,110 53,000 • Capacity commissioned in Dec 2020 Phthalic Anhydride Pre PA5 FY24e 9,160 Advance Plasticizers (DEP) 7,660 1,500 • Capacity of 8,400 MTPA Commissioned
Slide 17: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 India’s Significant We are the We produce MAN We have Lower We are well prepared Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for to capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 18: Led by Healthy Demand
Led by Healthy Demand Paints & Resins Plasticizers Speciality Chemicals Medical Device Synthetic Leather Lubricants Building & Cables & Wires Construction Packaging Films Personal Care Perfumes & Fragrance Construction Sustainable Growth Infrastructure Development Make in India Push Increase in Cons
Slide 19: Sustainability of Operations
Sustainability of Operations • A full-fledged Effluent Treatment Plant (ETP) to treat all types of effluent generated from manufacturing plants ETP • Segregated effluent streams like low COD streams & High COD/TDS streams • A centrifuge and filter press to treat hazardous waste/sludge in a disposabl
Slide 20: CSR Initiatives
CSR Initiatives Provision of Medical Equipments / Apparatus to Valap Health Centre Provision of Phaco Machine with accessories for Cataract Surgery, Sonography Machine, Dialysis Machine etc. to Dr. Patwardhan Hospital Contribution to OSCAR foundation to support their initiative for Football league D
Slide 21: Board of Directors
Board of Directors Shri M M Dhanuka Shri Nikunj Dhanuka Non-executive Chairman Managing Director & CEO Background : B.E. (Chem) and a founder member of the Background : Management Graduate and is associated with the Company along with his brother Late Shri Shyam Sunder Company since 1998. In charge
Slide 22: Financial Highlights
Financial Highlights
Slide 23: Financial Trends
Financial Trends Total Revenue ^ (Rs. Cr) EBITDA ^ (Rs. Cr) PAT (Rs. Cr) 1,892 416 267 1,311 1,148 1,065 1,128 303 190 271 234 146 117 78 21 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 EBITDA Margin (%) PAT Margin (%) Net Debt/ Equity (x) 27% 0.23 24% 17% 0.20 22% 13%
Slide 24: Way Forward
Way Forward To ramp-up New To Complete Downstream Advance Brownfield PA-5 Project Plasticizers (DEP) Capacity High Capacity Utilization & Recovery Process To Drive Increase International Presence Efficiencies And Cost Reduction Cater To Increasing Diverse End- To Evaluate Organic & Inorganic user In
Slide 25: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Mr. Akash Bihani – Finance Manager Email - pbhandari@igpetro.com / abihani@igpetro.com www.igpetro.com You Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. S