Ifgl Refractories Ltd. · NSE:IFGLEXPOR
Ifgl Refractories — Investor Presentation (December 2017)
27 slides from Ifgl Refractories's investor presentation, December 2017
Slide 1: IFGL Refractories Limited Investor Presentation
IFGL Refractories Limited (Formerly IFGL Exports Limited) Investor Presentation December 2017
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by IFGL Refractories Limited (formerly IFGL Exports Limited), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, a
Slide 3: Industry Overview
Industry Overview
Slide 4: India Steel production on the rise
India Steel production on the rise Target of 300 MT By 2030-31 India to hit 170 MT steel production level by 2019 Steel Ministry support towards availability of Raw Materials for Steel making Surplus Power & Iron Ore reserves in India that can last for next 30 years 4
Slide 5: Refractories Market to mirror Steel Demand
Refractories Market to mirror Steel Demand Global Refractories Market size $45.09 $53.08 Bn Bn 2016 2021 Growing at CAGR of 3.32% >60% 42.5 Mn MT 15kg/tonne Iron & Steel to contribute in 135 Cr Domestic size of Average consumption of Product-Demand in Volume Refractories Market in Refractories per t
Slide 6: World Steel Utilization levels improving
World Steel Utilization levels improving 75 74.3 74 74 73.6 73 72.9 73 72.9 72.3 72.9 72 72.2 72 71.3 71 70.6 70 70 70 70 69 68.9 68.9 68.3 68 67 66 65 % Capacity Utilization Source: Worldsteel 6
Slide 7: Global Steel Production Growth
Global Steel Production Growth Figures in Mn MT +5.2% Jan-Oct 2016 Jan-Oct 2017 891.0 +3.8% 847.0 140.8 135.7 +4.1% +0.4% +6.4% 92.7 96.5 84.9 85.2 84.1 79.1 +13.5% +7.4% +13.3% 29.6 33.6 33.7 36.2 +14.4% 24.0 27.2 9.7 11.1 European Other Europe CIS North America South America Africa Middle East Asi
Slide 8: Favorable Government Policies aiding Indian Steel
Favorable Government Policies aiding Indian Steel Imposition of CVD Reduction Increased focus and Make in India and for 5 years on import 100% FDI through in Customs Duty on Budgetary preference to Locally of certain Stainless automatic route Plant & Equipment allocation towards produced Steel in st
Slide 9: Growing Opportunities in India a positive
Growing Opportunities in India a positive Estimated steel Capital consumption in airport Automotive Infrastructure Airports Goods building is likely to grow more than 20 per cent over next few years The Automotive The capital goods sector The infrastructure industry is forecasted accounts for 11 per
Slide 10: Our Performance
Our Performance
Slide 11: Corporate Structure
Corporate Structure… IFGL Refractories Limited (formerly IFGL Exports Limited) Plants at Kalunga, Orissa, India 3.604 Cr Equity Shares with a Face Value of Rs. 10 each + Plant at Kandla SEZ, Kandla, Gujarat, India (earlier held 51% equity; now 100% owned) 100% IFGL Worldwide Holdings Limited 100% 10
Slide 12: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars [Rs. Crs.] H1 FY18 # H1 FY17 # Growth% Total Income 398.4 376.7 5.8% Raw Material 200.0 177.9 Employee Expenses 63.6 61.8 Other Expenses 82.1 83.5 EBITDA 52.8 53.4 -1.1% * Goodwill amounting to EBITDA % 13.3% 14.2% Rs. 267 Crs on account of Merger is being writ
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars in [Rs. Crs.] Sept 17 Particulars in[Rs. Crs.] Sept 17 Assets Equity & Liabilities Non current Assets 506 Equity 724 Fixed Assets Property Plant & Equipment 121 Share Capital 36 Capital WIP 4 Other Equity 688 Goodwill on consolidation 117 Non controlling intere
Slide 14: Consolidated Financial Highlights as per IndAS
Consolidated Financial Highlights as per IndAS Total Income [Rs. Crs] EBITDA [Rs. Crs] 377 398 53 53 H1FY17 H1FY18 H1FY17 H1FY18 EBITDA margin [%] Cash PAT [Rs. Crs] * 14.2 13.3 47 49 H1FY17 H1FY18 H1FY17 H1FY18 *Cash PAT Includes Profit after Tax, Deferred tax, Depreciation and Goodwill written off
Slide 15: Standalone Financial Highlights as per IndAS
Standalone Financial Highlights as per IndAS Total Income [Rs. Crs] EBITDA [Rs. Crs] +7.1% +29.6% 110 22 103 17 Q1FY18 Q2FY18 Q1FY18 Q2FY18 EBITDA margin [%] Cash PAT [Rs. Crs] +342 bps +32.1% 19.9 21 16.5 16 Q1FY18 Q2FY18 Q1FY18 Q2FY18 *Cash PAT Includes Profit after Tax, Deferred tax, Depreciation
Slide 16: Subsidiaries Performance
Subsidiaries Performance Monocon Group [GBP mn] EI Ceramics [$ mn] 12.3 9.1 11.9 8.2 1.3 1.6 0.9 0.8 1.0 1.1 0.5 0.7 Revenue EBITDA H1FY17 H1FY18 H1FY17 H1FY18 PAT Hofmann Ceramic [Euro mn] 5.1 4.8 0.5 0.3 0.0 -0.1 H1FY17 H1FY18 16
Slide 17: Ongoing Capex in FY18 to boost performance
Ongoing Capex in FY18 to boost performance IFGL Odisha ~Rs. 10Cr Capex: To augment SGR & Zirconia Plant Nozzles manufacturing facilities IFGL Kandla ~Rs. 10Cr Capex: To increase the present capacity of ISO Plant products from 160,000 pcs p.a. to 240,000 pcs p.a. ~Euro 2mn Capex: Capacity Increase Ho
Slide 18: Consistently performing over the years
Consistently performing over the years… Particulars [Rs. Crs.] FY13 FY14 FY15 FY16 FY17 CAGR Total Income 676.8 781.0 793.5 722.1 768.3 6.4% Raw Material 352.3 378.0 406.1 365.2 362.0 Employee Expenses 98.7 110.0 117.9 119.6 125.4 Other Expenses 163.2 181.0 170.6 156.1 183.4 EBITDA 62.7 113.0 98.9 8
Slide 19: Steady overseas subsidiaries performance
…with steady overseas subsidiaries performance… Monocon Group [GBP mn] Hofmann Ceramic [Euro mn] EI Ceramics [$ mn] 8.6% 10.4% 15.9% 13.6% 5.1% EBITDA 5.1% FY13 FY17 FY13 FY17 FY13 FY17 10.3% 6.8% 25.5% 7.6% 5.1% 19.0% ROCE FY13 FY17 FY13 FY17 FY13 FY17 19
Slide 20: Sustainable value for Shareholders
…to create sustainable value for Shareholders… Gross Debt (Rs. Crs.) Net Debt : Equity [x] Net Debt : EBITDA [x] 114.2 0.5 1.9 98.2 95.7 0.3 69.5 67.4 0.2 0.8 0.7 0.1 0.4 0.0 0.0 FY13 FY14 FY15 FY16 FY17* FY13 FY14 FY15 FY16 FY17* FY13 FY14 FY15 FY16 FY17* * FY17 figures as per Audited Balance sheet
Slide 21: Consistent Payout
…with consistent Payout 20.0% 20.0% 17.5% 15.0% 15.0% FY13 FY14 FY15 FY16 FY17 Particulars (Rs.) FY13 FY14 FY15 FY16 FY17* Consolidated Book Value per Share 70.9 95.1 99.6 111.7 189.9 Consolidated Earning Per Share 7.9 18.3 15.1 12.1 12.6 Dividend Per Share 1.5 1.75 2.00 2.00 2.00 * Subject to Share
Slide 22: About Us
About Us
Slide 23: A Global MNC
A Global MNC… Monocon , UK Hofmann Ceramic, Mono Ceramics Inc Germany Michigan, US Tianjin Monocon Tianjin, China E I Ceramics, Cincinnati, US IFGL, Kandla SEZ 23
Slide 24: Proven management
…with proven management… • Promoter of S K Bajoria Group based at Kolkata engaged in diversified business activities Mr. S.K. Bajoria - Chairman • Has been President of the Indian Chamber of Commerce, Director of West Bengal Industrial Development Corporation Ltd and Industrial Promotion & Investmen
Slide 25: Serving the specialized refractory segment
…serving the specialized refractory segment… Isostatic Refractories Slide Gate Refractories & Systems Tube Changer Refractories & System Purging System & Refractories Cast Products & Zirconia Nozzles Foundry Ceramics 25
Slide 26: Reputed names in the Global Steel Industry
…to reputed names in the Global Steel Industry 26
Slide 27: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : IFGL Refractories Ltd. (formerly IFGL Exports Ltd.) Strategic Growth Advisors Pvt. Ltd. CIN - U51909OR2007PLC027954 CIN - U74140MH2010PTC204285 Mr. Rajesh Agrawal Mr. Shogun Jain / Mr. Pratik R. Shah rajesh.agrawal@ifgl
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