Ig Petrochemicals Ltd. · NSE:IGPL
Ig Petrochemicals — Q3 FY24 Earnings Presentation
24 slides from Ig Petrochemicals's earnings presentation, Feb 15, 2024
Slide 1: Exchange cover letter for Investor Presentation
15th February, 2024 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 – February 2024
Investor Presentation – February 2024
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: Q3 & 9M FY24 Highlights
Q3 & 9M FY24 Highlights
Slide 5: Q3 & 9MFY24 Performance Highlights
Q3 & 9MFY24 Performance Highlights Revenue^ (Rs. Crs) EBITDA* (Rs. Crs) PAT (Rs. Crs) Margin 12.2% 5.3% 15.6% 6.5% 4.9% -3.1% 9.2% 2.0% 524 495 1,764 64 275 26 163 1,566 26 102 31 Q3 FY23 Q3 FY24 9M FY23 9M FY24 Q3 FY23 Q3 FY24 9M FY23 9M FY24 -16 9M FY23 9M FY24 Q3 FY23 Q3 FY24 Key Highlights • The
Slide 6: Profit & Loss Statement
Profit & Loss Statement Particulars Q3 FY24 Q2 FY24 Q3 FY23 9M FY24 9M FY23 FY23 Total Revenue^ 495 509 524 1,566 1,765 2374 Raw Material 410 412 408 1,275 1,306 1782 Employee Expenses 19 19 20 60 61 82 Other Expenses 40 47 32 130 123 166 EBITDA 26 31 64 102 275 344 EBITDA Margin (%) 5.3% 6.1% 12.2%
Slide 7: Contribution From Non-PAN Business
Contribution From Non – PAN* Business Increasing share From Non- Phthalic Anhydride Business Rs 170 Crores Rs 120 Crores Rs 129 Crores Rs 54 Crores Rs 45 Crores FY20 FY21 FY22 FY23 9M FY24 *Non Phthalic Anhydride (PAN) Business includes - Maleic Anhydride (MAN), Benzoic Acid (BA), Diethyl Phthalate
Slide 8: Moving up the Value Chain
Moving up the Value Chain Plan to set up wide range of Plasticizers Setting up plant at Taloja, Maharashtra Plasticizers Diethyl Phthalate (DEP) • Capacity: 75,000 TPA • Project cost: Appx. Rs 165 crores (Excluding GST) Benzoic Acid (BA) • Project start date: April 2024 • Expected project completion
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 – 2,22,110 MTPA Speciality › Maleic Anhydride – 7,660 MTPA Derivatives Biofuels such as › Benzoic Acid – 1,000 MTPA compr
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 in Technical collaboration with Lurgi Gmbh, Germany and are designed on the low energy-based processes The Company has a distinct so
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: Sustainable Business Model
Sustainable Business Model 01 02 03 04 05 We are well India’s Significant We are the We produce MAN We have Lower prepared to Demand of PAN & Country’s Largest and Benzoic Acid Operating Cost for capitalized Long MAN are served Producer of PAN through wash water producing MAN Term business through I
Slide 17: Led by Healthy Demand
Led by Healthy Demand Paints & Resins Plasticizers Specialty 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 Consu
Slide 18: 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 19: CSR Initiatives
CSR Initiatives Association with Saraswati Shishu Mandir Trust for the construction of School in Vrindavan which was named after the Co-founder of the Company Late Shri Shyam Sunder Dhanuka. The school was completed during the year and started functioning in early 2023 for pre-primary and primary se
Slide 20: 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 21: Financial Highlights
Financial Highlights
Slide 22: Financial Trends
Financial Trends Total Revenue ^ (Rs. Crs) EBITDA ^ (Rs. Crs) PAT (Rs. Crs) 2,375 1,892 416 267 340 200 1,311 303 190 1,065 1,128 234 117 78 21 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 EBITDA Margin (%) PAT Margin (%) 27% 22% 17% 14% 18% 14% 9% 8% 7% 2% FY19 FY20 FY
Slide 23: Way Forward
Way Forward High-Capacity Utilization & Recovery Process Cater To Increasing Diverse End-user To Drive Efficiencies And Cost Reduction Industries Of PAN globally Exploring new Downstream Chemistries Targeting ~30% Diversification into Non-PAN Business by FY26 Phthalic Anhydride Non-PAN & Downstream
Slide 24: Thank You
For further information, please contact I G Petrochemicals Ltd CIN: L51496GA1988PLC000915 Thank Mr. Pramod Bhandari – CFO / Ms. Preeti Maurya – Sr. Finance Manager Email - pbhandari@igpetro.com / pmaurya@igpetro.com www.igpetro.com You Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285