Filatex India Ltd · NSE:FILATEX
Filatex India — Q1 FY2022 Earnings Presentation
30 slides from Filatex India's earnings presentation, Jul 27, 2021
Slide 1: Stock exchange filing letter for investor presentation Q1FY22
CIN No.L17119DN1990PLC000091 FILATEX INDIA LIMITED FIL/SE/2021-22/28 27th July, 2021 National Stock Exchange o f India Limited BSE Limited Listing Departm ent Listing Department 5th Floor, Exchange Plaza, C - l, Block-G, 25th Floor, Pheroze Jee jee b h o y To w ers Bandra-Kurla Com plex, Bandra (E)
Slide 2: Filatex India Limited Investor Presentation Q1FY22
FILATEX INDIA LIMITED Investor Presentation Q1FY22 July 2021 Refer to disclaimer at end
Slide 3: Q1 FY22 Highlights
Q1 FY22 Highlights The Company has achieved quarterly EBIDTA of Rs. 101.17 crores and EBITDA margin of 14.47% Despite the second wave of COVID-19 and partial lockdowns across India, the company achieve a capacity utilization of 81% FIL | Investor Presentation | Q1 FY 2021-22
Slide 4: Key Message
Key Message Madhu Sudhan Bhageria Chairman & Managing Director This quarter witnessed the second wave of COVID-19 sweeping across India and dealt a severe blow to recovery of the Indian economy. However, I believe that the economic effects of this wave will be restricted to the first half of the fin
Slide 5: 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 6: Our Journey
Commissioned bright Our Journey Polymerization capacity of 300 TPD for spinning 190 TPD of FDY, 25 TPD of POY, and cut balanced 85 TPD of Set-up of Poly-Condensation Bright Chips at Dahej, Gujarat plant of 600 TPD capacity along Added manufacturing of with 250 TPD Spinning of POY Commenced DTY expan
Slide 7: 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 Haveli (UT) Dominican Greece Mexico Republic Mo
Slide 8: 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 9: Production Capacities
Production Capacities PRODUCTION CAPACITIES | FY 2021-22 Net Capacity (Post Expansion Net of Captive) Products (MTPA) Production Captive Net %age Polyester Chips - Semi Dull 61,200 21,600 39,600 10.4% 0.6% Polyester Chips - Bright 36,000 14,400 21,600 5.7% 10.4% 17.8% Polyester POY - Semi Dull 1,78,
Slide 10: Our Products
Our Products Polyester Chips Polyester Partially Oriented Yarns (POY) Industrial intermediate product used to Intermediate product, post Texturizing used for manufacture Polyester yarns. knitting & weaving different kinds of Fabrics. 4.5% 17% Fully Drawn Yarns (FDY) Drawn Textured Yarns (DTY) Fully
Slide 11: 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 12: ESG Efforts
ESG Efforts Focus on environmental R&D to minimise waste and reduce carbon footprint • Developing technology for recycling of Polyester waste. Developed a pilot plant adopting Glycolysis process and currently carrying out trials for depolymerization & repolymerization of PET waste and yarn waste • C
Slide 13: Q1 FY22 Performance Highlights
Q1 FY22 PERFORMANCE HIGHLIGHTS FIL | Investor Presentation | Q1 FY 2021-22
Slide 14: Quarterly Results (QoQ)
Quarterly Results (QoQ) 852.76 188.72 173.05 118.39 698.91 101.17 76.12 52.14 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Revenue EBIDTA PBT PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore) FIL | Investor Presentation | Q1 FY 2021-22 13
Slide 15: Quarterly Results (YoY)
Quarterly Results (YoY) 698.91 52.14 76.12 101.17 145.01 (27.98) (6.21) (37.28) Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Revenue EBIDTA PBT PAT (₹ in Crore) (₹ in Crore) (₹ in Crore) (₹ in Crore) FIL | Investor Presentation | Q1 FY 2021-22 14
Slide 16: Quarterly Production & Sales (QoQ & YoY)
Quarterly Production & Sales (QoQ & YoY) 83,906 2,876 77,959 77,698 81,030 5,206 2,162 72,753 67,771 5,034 75,535 62,737 20,439 16,834 3,759 4,552 12,282 16,680 Q1 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q4 FY21 Q1 FY22 Yarns Chips Total Yarns Chips Total Total Production Total Sales (MTPA) (MTPA) FIL | Invest
Slide 17: Profit & Loss | Q1 FY22
Profit & Loss | Q1 FY22 (INR in Crore)1 Q1 FY22 Q4 FY21 QoQ % Q1 FY21 YoY % Net Revenue from operations (Net of Taxes) 698.91 852.76 (18.04) 145.01 381.97 Other income 2.56 5.40 (52.56) 0.95 170.44 Total Revenue 701.47 858.16 (18.26) 145.96 380.59 Total Expenses 625.35 685.11 (8.72) 183.24 241.28 Co
Slide 18: Historical Performance
HISTORICAL PERFORMANCE FIL | Investor Presentation | Q1 FY 2021-22
Slide 19: Our Growth
Our Growth (₹ in Crore) Net Revenue (₹ in Crore) EBIDTA (₹ in Crore) 347.3 400 2,874.10 2,782.07 350 2,227.15 300 1,927.59 250 216.5 222.1 1,551.01 1,278.23 156.6 200 150 132.8 100 87.5 50 0 2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021 CAGR = 11.74 % CAGR = 31.74 % PBT (₹ in Crore) PA
Slide 20: Our Ratios
Our Ratios Net Debt Equity Ratio Interest Coverage Ratio * 2.28 8.61 7.62 1.82 1.78 5.23 1.19 1.18 4.23 0.72 3.04 1.87 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 Return on Equity Return on Capital Employed # 23.51% 24.48% 20.95% 22.77% 19.04% 18.75% 19.79% 16.82% 17.71% 16.51% 14.44
Slide 21: Profit & Loss | FY21
Profit & Loss | FY21 (INR in Crore) FY21 FY20 YoY % Net Revenue from operations (Net of Taxes) 2,227.15 2,782.07 (19.95) Other income 9.45 12.42 (23.88) Total Revenue 2,236.60 2,794.49 (19.96) Total Expenses 1,996.99 2,672.50 (25.28) Cost of materials consumed 1,602.33 2,255.60 (28.96) Changes in in
Slide 22: Balance Sheet - Assets | FY21
Balance Sheet - Assets| FY21 (INR in Crore) 2016-17 2017-18 2018-19 2019-20 2020-21 Non-Current Assets 665.9 962.0 1,017.8 1,217.0 1274.6 Property, plant and equipment 628.4 944.5 927.9 1,115.3 1094.4 Capital work-in-progress 5.7 6.4 71.5 66.5 169.9 Other Intangible Assets 0.2 0.4 0.7 0.7 0.8 Financ
Slide 23: Balance Sheet – Equity & Liabilities | FY21
Balance Sheet – Equity & Liabilities | FY21 (INR in Crore) 2016-17 2017-18 2018-19 2019-20 2020-21 EQUITY 325.0 385.4 472.1 594.9 762.5 Equity Share capital 43.5 43.5 43.5 43.9 44.2 Other equity 281.5 341.9 428.6 551.0 718.3 Money received against share warrants - - - - - LIABILITIES 733.9 1,049.7 9
Slide 24: Growth Drivers
GROWTH DRIVERS FIL | Investor Presentation | Q1 FY 2021-22
Slide 25: 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 26: 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 27: Growth Drivers - External
Growth Drivers - External 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 new export opportunities for the company Indian manufacturers to compete domestically
Slide 28: Growth Drivers - Internal
Growth Drivers - Internal Increase Focus on Exports Value-Added Products With new texturizing machines coming in, exports of Increasing melt capacity by 50 MT/day and utilizing the company will increase on account of texturized yarn, excess chips volume to produce additional POY of 120 being a high-
Slide 29: 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 30: Filatex India Limited
For more information, Please contact Filatex India Limited KAPTIFY BHAGERIA HOUSE, 43 Community Centre, Strategy & Investor Relations Advisory | Consulting New Friends Colony, New Delhi –110025 Level 1, HDIL Kaledonia, Sahar Road, Andher(E), Mumbai 400059 Ph: +91-11-26312503 Tel: +91-845 288 6099 |