Fiberweb (india) Limited · NSE:FIBERWEB
Fiberweb (india) — Q4 FY2018 Earnings Presentation
32 slides from Fiberweb (india)'s earnings presentation, May 30, 2018
Slide 1: Fiberweb (India) Limited - Result Update Cover Letter
Fiberweb (India) Limited Manufacturers ot : Spunbond Nonwoven Fabrics 30th May, 2018 Dy. General Manager (Corporate Relation Dept.), The Bombay Stock Exchange Ltd., 1st Floor, New Trading Ring, Rotunda Bldg., PJ. Towers, Dalal Street, Fort, MUMBAI - 400001. Dear Sir, We enclose herewith a Result upd
Slide 2: Investor Presentation May 2018
Fiberweb (India) Limited Investor Presentation May 2018
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Fiberweb (India) Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 4: Table of Contents
Table of Contents ➢ Company Overview ➢ Industry Overview ➢ Chairman’s Message & Consolidated Financial Highlights ➢ Way Ahead
Slide 5: Company Overview
01 Company Overview
Slide 6: Company Overview
Company Overview Pioneer and amongst leading players in manufacturing of Spun bond non Woven Fabric in India ▪ Commercialization of 3,000 MT of Meltblown fabric started in Dec’17 100% Export Oriented Unit ▪ Over 90% Revenues from Exports Strong focus on Quality ▪ International accreditations and cer
Slide 7: Journey So Far
Journey So Far 2017 Crossed Rs.100 cr. topline Diversified into manufacturing of Meltblown products 2016 80% of Export business from USA, 10% from UK, 8% from Europe 2007 Landmark order of 2,000 Tons from USA 2005 Increase exports to USA 2005 Exports to UK, Europe, New Zealand & Australia 1997 Expor
Slide 8: Professionally Experienced Team
Professionally Experienced Team Mr. Pravin Sheth- Chairman & Managing Director Mr. Bhavesh Sheth – Non Executive Non-Independent Director ▪ B. Com, LLB, Chartered Accountant ▪ B. Com, Chartered Accountant and CFA ▪ Over 5 decades of industry experience ▪ Responsible for business development, busines
Slide 9: Wide Product Portfolio
Wide Product Portfolio... Protective Hospitals & Lining/Backing/Interlining Bed sheets & Industries Garments Upholstery, luggage's & Pillow/Head covers Garments Benefits – Easy to cut, stich, heat seal, print, dye & laminate Crop Cover Soil Cover Wind & Insect Protection Benefits – Increases farm pr
Slide 10: Wide Product Portfolio Contd...
Wide Product Portfolio Contd... Baby Diapers Adult Diapers Feminine Hygiene Products Benefits – Soft, hydrophilic properties, non toxic & non irritating, uniform and strong Used in – Absorbents, Filtration, Spill Kits, Marine Spill response, Wipers and Rags, Strom water management, Speciality Produc
Slide 11: State-of-Art Manufacturing Facilities
State- of- Art Manufacturing Facilities Spunbond Capacity – 7,500 MT Unit 1, Daman (U.T.) – 5,000 MT ▪ Globally leading, renowned and proven spunbond technology from Reifenhauser Gmbh, Germany ▪ High quality products - accepted by large companies as end-users across developed countries Unit 2 , Dama
Slide 12: Wide Global Reach
Wide Global Reach UK USA UAE India Australia South Africa New Zealand .... Over 70% Revenues from Exports 11
Slide 13: Key Strengths
Key Strengths Multiple Sector Applications ▪ Products used across diverse multiple industries for various end uses Zero Debt Company ▪ Debt free Company 01 ▪ Q1FY17 – Out of BIFR and turned Net worth Positive Strong & Robust Order Book 06 ▪ Strong and healthy Order book 02 Presence Across Globe ▪ 10
Slide 14: Industry Overview
02 Business Overview Industry Overview
Slide 15: Usage of Non-Woven Fabric in Filtration
Usage of Non-Woven Fabric in Filtration Automotive Filtration ▪ Engine Air ▪ Typical particle size used for microfiltration – range 01 ▪ Oil ~ 0.1 to 10 µm ▪ Fuel ▪ In terms of approximate molecular weight, these ▪ Cabin Air membranes can separate macromolecules generally Air Filtration less than 10
Slide 16: Advantages of Non-Woven Fabric
Advantages of Non-Woven Fabric ▪ Excellent abrasion resistance & Flame retardant ▪ Exceptional permeability, Tear- and ▪ High level of flow capacity & High tensile puncture-resistance & Absorption strength of fats and oils 04 ▪ Apertures between intersecting fibers of ▪ High retention capacities & H
Slide 17: Non-Woven Fabric Industry – Hygiene
Non-Woven Fabric Industry – Hygiene High Demand Dominance Growth of disposables v/s reusable ▪ Being disposable in nature - ▪ Hygiene industry likely to dominate ▪ Key trend driving global hygiene market - High demand in hygiene nonwoven fabrics growth of disposables v/s reusable, where segment ▪ Ch
Slide 18: Non-Woven Fabric Industry – Automotives
Non-Woven Fabric Industry – Automotives 01 Significant Increase 03 Better Alternative 05 Automotives Potential ▪ In recent years, Nonwovens in ▪ Printed nonwovens - stronger ▪ According to Frank Heislitz, CTO – automotives increased significantly alternative to highly expensive Freudenberg performan
Slide 19: Chairman's Message & Consolidated Financial Highlights
03 Chairman’s Message & Consolidated Financial Highlights Quarterly Highlights
Slide 20: Chairman's Message – Q4 & FY18
Chairman’s Message – Q4 & FY18 “This financial full year FY17-18, we have registered a fantastic revenue growth of over 100% and our overall profit has also shown a significant increase of over 100%. With the new capacity started and commercial production of Melt-Blown product kicks in, we expect th
Slide 21: The Transition…
The Transition… Mr. Pravin V. Sheth, Chairman & Managing Director informed the Board that as decided, Mr. Bhavesh P. Sheth is now fully in charge of all the affairs of the Company including manufacturing, marketing, further expansion plan etc., and as such he would like to hand over the BATON to Mr.
Slide 22: Quarterly Financial Highlights – Q4 FY18 (YoY)
Quarterly Financial Highlights – Q4 FY18(YoY) 28.6% 29.3% Revenue EBTIDA Rs. 88.5 cr Rs. 10.9 cr 21.8% PAT Rs. 9.8 cr 21
Slide 23: Quarterly Highlights – Q4 FY18
Quarterly Highlights – Q4 FY18 Revenue (Rs. Crore) 88.5 81.8 68.6 62.1 53.7 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 EBITDA (Rs. Crore) PAT (Rs. Crore) 12 12.0 11.1 10.9 10.3 9.8 10 9.1 10.0 8.2 8.4 8.1 8.5 7.7 8 8.0 6 6.0 4 4.0 2 2.0 0 0.0 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q4 FY17 Q1 FY18 Q2 F
Slide 24: Quarterly Profitability Highlights – Q4 FY18
Quarterly Profitability Highlights – Q4 FY18 Rs. Crore Q4 FY18 Q4 FY17 YoY % Q3 FY18 Total Income from Operations 88.5 68.8 28.6 81.8 Raw Materials 74.5 54.7 65.6 Employee Cost 1.2 1.1 1.5 Other Cost 1.9 4.6 3.6 Total Expenditure 77.6 60.4 70.7 EBITDA 10.9 8.4 29.3 11.1 Depreciation 1.0 0.2 0.8 Othe
Slide 25: Annual Financial Highlights – FY18
Annual Financial Highlights – FY18 119.5% 99.0% Revenue EBTIDA Rs. 286.1 cr Rs. 39.5 cr 111.1% PAT Rs. 36.3 cr 24
Slide 26: Financial Highlights - FY18
Financial Highlights - FY18 Revenue (Rs. Crore) 286.1 130.4 64.6 68.5 61.9 FY14 FY15 FY16 FY17 FY18 EBITDA (Rs. Crore) / Margin (%) PAT (Rs. Crore) / Margin (%) 45 18% 40.0 13.2% 14% 12.7% 15.3% 13.8% 40 16% 11.5% 35.0 12% 35 12.6% 14% 30.0 10% 30 12% 25.0 25 10% 8% 20.0 20 39.5 8% 36.3 6% 3.0% 15 6
Slide 27: Balance Sheet Highlights
Balance sheet Highlights Total Asset Turnover (x) RoCE (%) 1.9 28.0% 1.4 19.2% 0.9 0.9 1.0 7.9% 3.1% -1.0% FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Total Asset Turnover= Revenue/Total Assets | RoCE= EBIT/(Shareholder Fund+Total debt-non current Investmets) 26
Slide 28: Annual Profitability Highlights – FY18
Annual Profitability Highlights – FY18 Rs. Crore FY18 FY17 YoY % Total Income from Operations 286.1 130.3 119.5 Raw Materials 230.0 91.9 ▪ Commencement of melt blown Employee Cost 4.9 4.3 facility adding to Topline in FY18 Other Cost 11.7 14.2 Total Expenditure 246.6 110.5 ▪ High Crude prices and ov
Slide 29: Balance Sheet Highlights – As on 31st March'18
Balance Sheet Highlights – As on 31st March’18 As on 31st As on 31st As on 31st As on 31st Rs. Crore Rs. Crore Mar-18 Mar-17 Mar-18 Mar-17 Non-current assets 89.9 45.8 Shareholder’s Funds 130.1 89.4 Fixed assets 84.6 38.8 Share capital 28.8 13.3 Capital Work in progress 0.0 0.0 Other Equity 101.3 76
Slide 30: Way Ahead
04 Way Ahead 03
Slide 31: Way Ahead...
Way Ahead... To cater to increasing demand of Non woven fabric across markets, identified better opportunity i.e. Flatbond – this has growing market and higher margins Increase focus on Melt Blown capacities for innovate products resulting in higher realisations and incremental margins Melt Blown pr
Slide 32: Thank You
Thank You 507910 FWB FIBE.BO For further information, please contact: Company : Investor Relations Advisors : Fiberweb (India) Limited. Bridge Investor Relations Pvt. Ltd. CIN No. L25209DD1985PLC004694 CIN No. U74900MH2016PTC273679 Mr. Pravin Sheth Ms. Savli Mangle Chairman & Managing Director savli