IFGL Refractories Ltd. · NSE:IFGLEXPOR
IFGL Refractories — Investor Presentation (August 2018)
25 slides from IFGL Refractories's investor presentation, August 2018
Slide 1: IFGL Refractories Limited Investor Presentation August 2018
IFGL Refractories Limited (Formerly IFGL Exports Limited) Investor Presentation August 2018
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by IFGL Refractories Limited, solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or b
Slide 3: Industry Overview
Industry Overview
Slide 4: Favorable Government Policies aiding Indian Steel
Favorable Government Policies aiding Indian Steel Anti-dumping duty support price Product (ADD) Applicable till Countries targeted (In range of) Hot rolled coil China PR, Japan, Korea RP, $ 474-561 Aug 2021 (width >600 mm) Russia, Brazil or Indonesia China PR, Japan, Korea RP, Plates $ 474-561 Aug 2
Slide 5: Domestic Steel Production outlook
Domestic Steel Production outlook Particulars (in MTPA) FY17 FY18E FY19E FY20E FY21E Installed Capacity 128 131 138 148 158 Capacity Utilisation (%) 82% 81% 82% 82% 82% Crude Steel Production 102 105 111 117 125 Finished Steel Import 7.2 7.5 5.5 5.5 4.5 Finished Steel Export 8.2 9.6 12.0 8.2 9.2 Fin
Slide 6: India's share in Global Steel production expected to rise
India’s share in Global Steel production expected to rise 50% 2016 2020 50 49% 49 13% 13 12% 12 11 10 9 8 7% 7% 7% 7% 7% 7% 7 6% 6% 6% 6% 6% 6 5% 5 4 3 2 1 0 China India North CIS Europe Other Asia Japan Others America Source: BofA MerrillLynch Report 6
Slide 7: Global Steel production on the rise during H1 2018
Global Steel production on the rise during H1 2018 In MT Jan-Jun2017 Jan-Jun2018 460 451.2 450 440 430 422.3 107.9 109.9 100 90 86.0 87.0 80 70 60 57.6 59.0 49.2 50.5 50.3 52.8 50 40 30 19.7 20.6 21.2 21.7 20 15.5 18.0 10 6.6 7.1 2.9 3.3 0 Europe Other CIS North South Africa Gulf China India Asia (E
Slide 8: Forecasted Short Term Steel Demand
Forecasted Short Term Steel Demand 1,650 2018 2019 1,616 1,627 1,071 1,070 166 167 150 145 147 100 56 58 54 55 50 44 46 44 46 37 38 0 NAFTA Central Europe Other Africa Gulf CIS Asia & World & South Europe Oceania America Source: World Steel Organization ➢ According to the World Steel Association the
Slide 9: Our Performance
Our Performance
Slide 10: Corporate Structure
Corporate Structure… IFGL Refractories Limited 3.604 Cr Equity Shares with a Face Value of Rs. 10 each Plants at Kalunga, Orissa, India + Plant at Kandla SEZ, Kandla, Gujarat, India 100% IFGL Worldwide Holdings Limited 100% 100% 100% Hofmann Monocon Group EI Ceramics Ceramic UK / USA / China Germany
Slide 11: Consolidated Profit & Loss
Consolidated Profit & Loss Particulars [Rs. Crs.] Q1 FY19 Q1 FY18^ Growth% FY18^ Total Income 239.1 198.4 20.5% 839.7 Raw Material 121.1 100.8 421.4 Employee Expenses 34.8 32.6 126.7 Other Expenses 51.3 39.8 181.3 ^ Total Income is Net of Excise Duty EBITDA 31.9 25.3 25.9% 110.3 EBITDA % 13.3% 12.8%
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars in Rs. Crs. Mar-18 Mar-17 Particulars in Rs. Crs Mar-18 Mar-17 Assets Equity & Liabilities Non current Assets 493 492 Fixed Assets Equity 752 686 Property Plant & Equipment 122 119 Share Capital 36 36 Capital WIP 8 2 Other Equity 716 650 Goodwill 122 109 Non co
Slide 13: Consolidated Financial Highlights
Consolidated Financial Highlights Total Income [Rs. Crs]^ EBITDA [Rs. Crs] ^ Total Income is Net of Excise 239.1 31.9 198.4 Duty 25.3 Q1FY18 Q1FY19 Q1FY18 Q1FY19 EBITDA margin [%] Cash PAT [Rs. Crs] * *Cash PAT Includes Profit after Tax, 29.4 Deferred tax, Depreciation and 13% 13% 20.9 Goodwill writ
Slide 14: Standalone Financial Highlights
Standalone Financial Highlights Total Income [Rs. Crs]^ EBITDA [Rs. Crs] ^ Total 19.9 121.9 Income is Net of Excise Duty 16.9 102.5 Q1FY18 Q1FY19 Q1FY18 Q1FY19 EBITDA margin [%] Cash PAT [Rs. Crs] * *Cash PAT Includes Profit after Tax, 19.1 Deferred tax, 16% 16% 15.9 Depreciation and Goodwill writte
Slide 15: Stellar Performance By Subsidiaries
Stellar Performance By Subsidiaries EI Ceramics [$ mn] Monocon Group [GBP mn] 4.80 7.60 4.53 0.80 0.70 0.57 6.14 0.43 0.70 Revenue 0.43 0.50 0.29 EBITDA Q1FY18 Q1FY19 PAT Q1FY18 Q1FY19 Hofmann Ceramic [Euro mn] 2.71 2.68 0.10 0.01 0.01 -0.04 Q1FY18 Q1FY19 15
Slide 16: Ongoing Capex to boost performance
Ongoing Capex to boost performance ~Rs. 10Cr Capex: To augment SGR & Zirconia Nozzles IFGL Odisha manufacturing facilities Plant Current status: 90% completed ~Rs. 10Cr Capex: To increase the present capacity of ISO IFGL Kandla products from 160,000 pcs p.a. to 240,000 pcs p.a. Plant Current status:
Slide 17: Consistently performing over the years
Consistently performing over the years… Particulars [Rs. Crs.] FY14^ FY15^ FY16^ FY17^# FY18^# CAGR Total Income 781.0 793.5 722.1 769.5 839.7 9.1% Raw Material 378.0 406.1 365.2 362.0 421.4 Employee Expenses 110.0 117.9 119.6 120.9 126.7 Other Expenses 181.0 170.6 156.1 183.5 181.3 ^ Total EBITDA 1
Slide 18: ...to create sustainable value for Shareholders
…to create sustainable value for Shareholders… Net Debt (Rs. Crs.) Net Debt : Equity [x] Net Debt : EBITDA [x] 86.1 0.26 0.76 0.69 67.8 0.19 0.35 28.3 0.07 17.7 0.16 0.16 16.0 0.02 0.02 FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* FY14 FY15 FY16 FY17* FY18* * Figures post Merger 18
Slide 19: ...with consistent Payout
…with consistent Payout 20.0% 20.0% 20.0% 20.0% 17.5% 15.0% FY13 FY14 FY15 FY16 FY17 FY18 Particulars (Rs.) FY13 FY14 FY15 FY16 FY17 FY18* Consolidated Book Value per Share 70.9 95.1 99.6 111.7 189.9 208.7 Consolidated Earning Per Share 7.9 18.3 15.1 12.1 13.9 13.1 Dividend Per Share 1.5 1.75 2.00 2
Slide 20: About Us
About Us
Slide 21: 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 21
Slide 22: ...with proven management
…with proven management… • Promoter of S K Bajoria Group based at Kolkata engaged in diversified business activities Mr. S.K. Bajoria • Has been President of the Indian Chamber of Commerce, Director of Chairman West Bengal Industrial Development Corporation Ltd and Industrial Promotion & Investment
Slide 23: ...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 23
Slide 24: ...to reputed names in the Global Steel Industry
…to reputed names in the Global Steel Industry 24
Slide 25: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L51909WB2007PLC118407 CIN - U74140MH2010PTC204285 Mr. Rajesh Agrawal Mr. Shogun Jain / Mr. Pratik R. Shah [email protected] [email protected] /pr
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