IG Petrochemicals Ltd. · NSE:IGPL
IG Petrochemicals — Q1 FY18 Earnings Presentation
29 slides from IG Petrochemicals's earnings presentation, July 2017
Slide 1: Investor Presentation – July 2017
Investor Presentation – July 2017
Slide 2: Safe Harbor
SAFE HARBOR This presentation has been prepared by and is the sole responsibility of I G Petrochemicals Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or
Slide 3: Financial Highlights – Q1 FY18
financial highlights – Q1 FY18
Slide 4: Financial Highlights – Q1 FY18
FINANCIAL HIGHLIGHTS – Q1 FY18 Revenue (Rs. Lakhs) EBITDA (Rs. Lakhs) PAT* (Rs. Lakhs) +15.8% +49.3% +29.8% 29,592 6,958 3,897 25,553 3,003 4,660 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBITDA (%) PAT (%) + 530 bps + 140 bps 23.5% 13.2% 11.8% 18.2% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 The Financi
Slide 5: Company Overview
company overview
Slide 6: Company Overview
COMPANY OVERVIEW Flagship Company of the Incorporated in 1988 and began ISO 9001:2008 for quality Dhanuka Group Commercial production in 1992 management system One of the world’s largest & Scaled from 45,000 MTPA PAN ISO 14001:2004 for India’s largest Phthalic manufacturing capacity to environment c
Slide 7: Journey So Far
JOURNEY SO FAR Brownfield expansion of IGPL started as 100% PA 3 : 53,000 MTPA EOU in technical Debottlenecking of Listed on National Revenues cross Rs. 1,000 crs. collaboration with PA capacity by Stock Exchange Lurgi Gmbh, Germany* (NSE) Cumulative Capacity 18,110 MTPA of 1,69,110 MTPA 1988 1992 1
Slide 8: Senior Management Team
SENIOR MANAGEMENT TEAM Mr. M M Dhanuka: Non – Executive Chairman Aged 69 years, a founder member of the Company along with Late Shri Shyam Sunder Dhanuka Possesses over 35 years of experience in the Chemical Industry Mr. Nikunj Dhanuka: Managing Director & CEO Aged 50 years, a Commerce and a M
Slide 9: Business Overview
business overview
Slide 10: Phthalic Anhydride
PHTHALIC ANHYDRIDE PA is a downstream product of Organic Orthoxylene (OX) a basic Petrochemical 01 Chemistry PA is a versatile intermediate in organic chemistry PA is used as an intermediate for the Intermediate 02 production of Plasticizers, Unsaturated Polyester Resins, Alkyd Resins & Polyols Vari
Slide 11: End User Industry & Application
END USER INDUSTRY & APPLICATION Used in manufacturing of poly vinyl chloride (PVC) products which is used for manufacturing a range of consumer care, personal care and home care products like shoes, wires & cables, pipes & hoses, boxes, containers, packaging films, medical and surgical equipment's A
Slide 12: Key Customers
KEY CUSTOMERS Over a Decade of Strong Customer Relationships with Key Customers PLASTICIZERS PAINTS UPR CPC PIGMENT DEP Low Client Concentration Risk 12
Slide 13: Our Manufacturing Facilities
OUR MANUFACTURING FACILITES Proximity to Jawaharlal Nehru Port Trust (JNPT), Nhava Sheva, Mumbai, Maharashtra 3 reactors at Single Location Plant - Proximity to India’s Chemical Hub Located at MIDC, Taloja in Raigad District, Maharashtra 13
Slide 14: Scaling Up of Capacity
SCALING UP OF CAPACITY 53,000 169,110 In MTPA Plants are engineered with ‘Wacker Process’ and are designed on the low energy based processes. PA 3 53,000 1,69,110 Company also undertook significant process PA 2 enhancement initiatives through capacity expansion De-bottlenecking 18,110 1,16,110 45,00
Slide 15: Production Process
PRODUCTION PROCESS PA I PA III PA II Air Orthoxylene Air Orthoxylene Air Orthoxylene Reactor Reactor Reactor Steam PA (Gases) Steam PA (Gases) PA (Gases) Steam Cooling Cooling Cooling Steam Sublimation Sublimation Sublimation Crude PA (Liquid) Crude PA (Liquid) Distillation Distillation PAN PAN Reco
Slide 16: Strategically Located Plant
STRATEGICALLY LOCATED PLANT…. Majority of domestic sales is within Western India Kandla Port Jamnagar Enjoys the advantage of being in close Daman proximity to ports for exports, chemical JNPT Port belt in western India where majority of downstream industries are located including procurement of Ort
Slide 17: Maleic Anhydride
MALEIC ANHYDRIDE USER - SYNERGY INDUSTRY APPLICATIONS ACQUISITION BENEFITS Spandex (Elastics) Acquisition of Maleic With the Anhydride (MA) acquisition of MA Indian Market Size for Unsaturated Polyester Business from Mysore business from Maleic Anhydride (MA) Resins (UPR) Petro Chemicals Limited MPC
Slide 18: Key Strengths and Strategies
key strengths and strategies
Slide 19: Key Competitive Strengths
KEY COMPETITIVE STRENGTHS High Capacity Utilization with Annual contract for its sales to Indian Customers CAPACITY Market Leader having UTILIZED over ~50% of the share Steam generated from in India Processes are utilised UNIQUE efficiently POSITION RECOVERY PROCESS Diversified Product Use Plant bei
Slide 20: Industry Overview
industry overview
Slide 21: Industry Overview
INDUSTRY OVERVIEW Imports Infrastructure Imports have risen Development continuously in the last 3 Infrastructure years on back of high Development Highest Budget by domestic demand the government Highest Budget by the for FY15 – 52,000 MT Infrastructure government for FY16 – 80,000 MT Development a
Slide 22: Consumption Pull for Phthalic Anhydride
Consumption Pull for Phthalic Anhydride 1 Stable Crude Prices Better Realizations 2 Global Market Improvements Well positioned to grab the opportunities 3 Better Economic Scenario Influence demand for the product in downstream markets 4 Infrastructure Thrust Strong & Constant domestic demand for the
Slide 23: Financial Overview
financial overview
Slide 24: Profit & Loss Statement – Q1 FY18
PROFIT & LOSS STATEMENT – Q1 FY18 Particulars (Rs. Lakhs)* Q1 FY18 Q1 FY17 Y-o-Y Revenue from Operations 29,592 25,553 16% Total Raw Material 18,942 17,755 Employee Expenses 1,250 960 Other Expenses 2,442 2,180 EBITDA 6,958 4,660 49% EBITDA Margin (%) 23.5% 18.2% Other Income 100 99 Depreciation 512
Slide 25: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue (Rs. Lakhs)# EBITDA (Rs. Lakhs) and Margin % PAT (Rs. Lakhs) and Margin % 20,000 12,000 20.0% 12.0 10,156 16,407 120,430 118,665 10,000 9.8% 10.0 15.8% 103,748 15,000 15.0% 6.3% 97,034 95,284 11,336 8,000 8.0% 6,037 11.9% 6,000 6.0% 10,000 8,026 10.0% 5,669 6,049 4,000 4
Slide 26: Balance Sheet
BALANCE SHEET Particulars (Rs. Lakhs)* Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Share Capital 3,080 3,080 3,080 3,080 3,080 Total Reserves 22,723 22,646 20,801 26,096 36,252 Shareholder's Funds 25,803 25,726 23,881 29,176 39,332 Long-Term Borrowings 12,307 14,084 10,783 9,218 6,003 Deferred Tax Liabilitie
Slide 27: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Lakhs)* FY13 FY14 FY15 FY16 FY17 Total Revenue 97,034 120,430 118,665 95,284 103,748 Raw Material Consumed 82,373 104,838 100,120 73,408 75,121 Employee Cost 2,444 2,514 2,849 2,976 3,974 Other Expenses 6,548 7,029 7,670 7,564 8,246 EBITDA 5,669 6,049 8,026 1
Slide 28: Consolidated Financials
CONSOLIDATED FINANCIALS Statement of Profit & Loss Balance Sheet Particulars (Rs. Lakhs) FY16 FY17 Particulars (Rs. Lakhs) Mar-16 Mar-17 95,284 103,748 Share Capital 3,080 3,080 Total Revenue Total Reserves 26,079 36159 Raw Material Consumed 73,408 75,121 Shareholder's Funds 29,159 39,239 Employee C
Slide 29: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : I G Petrochemicals Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L51496GA1988PLC000915 CIN: U74140MH2010PTC204285 Mr. R . Chandrasekaran - CFO Mr. Deven Dhruva / Ms. Neha Shroff [email protected] [email protected]