Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (December 2014)
20 slides from Indraprastha Gas's investor presentation, Dec 31, 2014
Slide 1: Indraprastha Gas Limited: An Overview
INDRAPRASTHA GAS LIMITED An Overview 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 1
Slide 2: Background
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers Today IGL has its operations in NCT of Delhi, Noida, Greater Noida and Ghaziaba
Slide 3: Shareholding Pattern
Shareholding Pattern % HOLDING Promoters - 45% Government of NCT of Delhi - 5% Foreign Institution Investors - 15% Mutual Funds - 7% Indian Financial Institutions & Banks - 1% Insurance Companies - 10% Public / Others 17%- 17% 10% 45% 1% 7% 15% 5% 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 3 3
Slide 4: Sales Volume Mix
Sales Volume Mix Chart Title Comm./ Ind./Others 18% Household 5% CNG 77% 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 4 4
Slide 5: Sales Volumes
Sales Volumes Figures in MMSCM CAGR Apr/De FY10 FY11 FY12 FY13 FY14 last five c'14 years CNG 695 818 936 1,005 1,028 11% 808 PNG 87 180 282 333 356 46% 251 Total 782 998 1,218 1,338 1,384 16% 1,059 Sale Daily Average 2.14 2.73 3.34 3.67 3.79 16% 3.85 Sale 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
Slide 6: Growth in CNG
Growth in CNG March' March' March' March' March' PARAMETER UNIT Dec'14 10 11 12 13 14 No of CNG Nos 241 278 308 324 326 322 Stations Compression (Lakh 36.40 51.13 59.56 63.83 66.17 66.81 Capacity kg/day) Average CNG (Lakh 14.46 16.71 19.15 20.72 21.20 22.03 Sale kg/day) 1 NATURAL GAS FOR CLEAN & GRE
Slide 7: CNG Station Network
CNG Station Network Figures in numbers DTC/ STATION IGL OMC TOTAL UPSRTC Online 117 57 114 288 Daughter 0 0 0 0 Daughter Booster 2 0 32 34 Total 119 57 146 322 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 7 7
Slide 8: CNG Vehicles
CNG Vehicles Figures in numbers CAGR March' March' March' March' March' last five Dec'14 10 11 12 13 14 years Buses 13900 16655 18839 18826 19566 9% 19975 Auto/LGV 106699 121854 159123 193852 206352 17% 219536 RTV 5793 11070 13007 14062 14039 20% 13040 Cars/Taxi 213259 281802 359176 460926 514801 24
Slide 9: PNG Users
PNG Users Figures in numbers CATEGORY March' 10 March' 11 March' 12 March' 13 March' 14 Dec'14 Domestic 182000 245000 332844 386696 459467 516703 Commercia l/ Industrial 376 520 862 1382 1876 2202 Total 182376 245520 333706 388078 461343 518905 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 9 9
Slide 10: PNG Network
PNG Network Figures in kilometers M CAGR aMarch' March March March March last CATEGORY Dec'14 r 10 '11 '12 '13 '14 five c years Steel Pipeline 299 421 574 631 658 23% 674 MDPE 2330 4420 6479 7783 8438 38% 8803 Pipeline Total 2629 4841 7053 8414 9096 36% 9477 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONME
Slide 11: Turnover, Gross Margin & PAT
Turnover, Gross Margin & PAT Rs./Crores Ap/Dec' FY10 FY11 FY12 FY13 FY14 CAGR 14 GROSS TURNOVER 1213 1952 2790 3724 4319 35% 3042 GROSS PROFIT 583 760 980 1170 1228 23% 980 PAT 215 260 306 354 360 16% 342 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 11 11
Slide 12: Book Value & EPS
Book Value & EPS 140 125.94 120 106.64 100 87.78 80 71.70 60 58.96 40 25.29 25.73 20 18.55 21.89 15.39 0 Y10 Y11 Y12 Y13 Y14 F F F F F Book Value EPS 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 12 12
Slide 13: Cumulative Capex (Rs. in Crores)
Cumulative Capex (RS. In Crores) 4000 3500 3236 3359 3010 3000 2642 2500 2058 2000 1500 1287 1000 500 0 FY'10 FY'11 FY'12 FY'13 FY'14 Dec'14 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 13 13
Slide 14: Dividend Payout
Dividend Payout Dividend Policy provides liberal payout Track record Year % of equity FY04 15 FY05 20 FY06 25 FY07 30 FY08 40 FY09 40 FY10 45 FY11 50 FY12 50 FY 13 55 FY 14 55 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 14 14
Slide 15: Growth-Strategy
Growth-Strategy Improve/Augment CNG infrastructure/Stations in Delhi & NCR to meet the additional demand in view of conversion of private cars Improve penetration of PNG business : Penetration of network in all charge areas Target Industrial/Commercial customers in both Delhi & NCR 1 NATURAL GAS
Slide 16: Growth-Strategy
Growth-Strategy • Last year, IGL acquired 50% equity share capital of Central UP Gas Limited (CUGL) for Rs. 69 crores. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly in Uttar Pradesh. • During the current year, IGL has signed share purchase agreements to acquire up to 50% equity sha
Slide 17: Credit Strength
Credit Strength • Healthy profitability and cash generations from operations. • Maintaining low debt at present with debt equity ratio of 0.09. • ICRA Limited (An associate of Moody’s Investors Service) has reaffirmed highest credit ratings of AAA (Stable) for term loan and A1+ for short term loan.
Slide 18: Risks & Mitigations
Risks & Mitigations Gas price increase CNG price still remains competitive vis-à-vis petrol Availability of gas Firm allocation from Govt. of India Buying gas from Promoter Companies GAIL/BPCL Have entered into framework gas supply agreements with other major gas suppliers in India viz S
Slide 19: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs
Slide 20: Thank You
THANK YOU 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 20 20
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