IFGL Refractories Ltd. · NSE:IFGLEXPOR
IFGL Refractories — Investor Presentation (November 2018)
29 slides from IFGL Refractories's investor presentation, Nov 10, 2018
Slide 1: Exchange filing cover letter
[o � 'IU:FRACTORIES LIMITED Head & Corporate Office 3, Netaji Subhas Road, Kolkata - 700 001, India Phone: +913340106100, Fax: +913322430886 I 0th November, 2018 E-mail : [email protected], Websites : www.ifglref.com National Stock Exchange of India Ltd BSE Limited 'Exchange Plaza', C-1, Block-G Phiro
Slide 2: IFGL Refractories Limited Investor Presentation
IFGL Refractories Limited (Formerly IFGL Exports Limited) Investor Presentation November b 2018
Slide 3: 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 4: Industry Overview
Industry Overview
Slide 5: Global Steel Production outlook
Global Steel Production outlook In MMT 1,696 1,708 1,636 1,648 1,673 1,596 1,625 1,578 1 491 1,491 1 510 1,510 1,394 2010 2011 2012 2013 2014 2015 2016 2017 2018F 2019F 2020F Source: Statista.com 4
Slide 6: Global Steel Demand outlook
Global Steel Demand outlook In MT World World (Ex China) Developing economies (Ex China) 1,595 1,658 1,681 859 877 900 451 466 484 2017 2018F 2019F 2017 2018F 2019F 2017 2018F 2019F Source: World Steel Organization Reasons contributing to growth ¾ Global outlook: The rise in Global Steel demand is
Slide 7: Forecasted Short Term Steel Demand
Forecasted Short Term Steel Demand 1,681 In MT 2018 2019 1,658 1,132 1,118 167 169 143 145 45 55 55 55 55 43 42 43 36 37 NAFTA Central Europe Other Africa Gulf CIS Asia & World & South Europe Oceania America Source: World Steel Organization ¾ According to the World Steel Association the demand in As
Slide 8: Global Steel production on the rise
Global Steel production on the rise In MT Jan‐Sept 2017 Jan‐Sept 2018 699.4 651.5 163.1 167.7 126.3 128.0 86.8 89.7 74.9 76.2 75.0 79.7 30.0 30.6 32.3 33.2 23.7 26.9 10.0 10.8 4.4 4.9 Europe Other CIS North South Africa Gulf China India Asia (Ex Oceania Europe America America India & China) Source:
Slide 9: India's share in Global Steel production expected to rise
India’s share in Global Steel production expected to rise 50% 2016 2020 49% 13% 12% 7% 7% 7% 7% 7% 7% 6% 6% 6% 6% 6% 5% Chi China I di India North N h CIS E Europe O h Asia Other Ai J Japan Oh Others America Source: BofA MerrillLynch Report 8
Slide 10: Domestic Steel Industry on a strong footing
Domestic Steel Industry on a strong footing India expected to overtake Japan to become the world's second largest steel producer 1 soon (expected growth rate 6% ‐ 7% for the next decade) 2 Target of 300 MT of production capacity by 2030 (National Steel Policy, 2017) SSteell consumption i expected d
Slide 11: Strong Domestic consumption
Strong Domestic consumption In MT India’s Steel Consumption +8% +7% 95 102 89 2017 2018F 2019F Particulars (in MTPA) FY17 FY18F YoY% FY19E YoY% India 88.7 95.4 8% 102.3 7% China 736 8 736.8 781 0 781.0 6% 781 0 781.0 0% USA 97.7 99.9 2% 101.2 1% Japan 64.4 64.5 0.2% 64.8 0.5% India’s consumption is
Slide 12: Global Refractories Demand outlook
Global Refractories Demand outlook Forecast Period ‐ 2017‐2022 Expected to reach USD 36.17 Bn in Value CAGR – 3.9% Expected to reach 56.83 MT in Volume CAGR – 3.5% Reasons contributing to growth ¾ Increase in Infrastructure & Construction activities in Developing economies ¾ Growing demand for high‐
Slide 13: Our Performance
Our Performance
Slide 14: Corporate Structure
Corporate Structure… IFGL Refractories R f t i Limited Li it d 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
Slide 15: Consolidated Profit & Loss
Consolidated Profit & Loss P ti l [Rs. Particulars [R C Crs.]] Q2 FY19 Q2 FY18 G Growth% th% H1 FY19 H1 FY18^ G Growth% th% Total Income 219.9 199.9 10.0% 459.0 398.4 15.2% Materials consumed 99.5 99.2 220.5 200.0 Employee Expenses 37.5 31.0 72.4 63.6 ^ Total Income is Net Other Expenses 51.7 42.3 1
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars in Rs. Rs Crs. Crs Sep‐18 Sep 18 Mar‐18 Mar 18 Particulars in Rs. Rs Crs Sep 18 Sep‐18 Mar 18 Mar‐18 Assets Equity & Liabilities Non current Assets 497 493 Fixed Assets Equity 790 752 Property Plant & Equipment 125 122 Share Capital 36 36 Capital WIP 11 8 Other
Slide 17: H1FY19 Consolidated Financial Highlights
H1FY19 Consolidated Financial Highlights Total Income [Rs. [Rs Crs] EBITDA [Rs. [R Crs] C ] ^ Total Income is Net of Excise 459 Duty 63.1 398.4 52.8 H1FY18^ H1FY19 H1FY18 H1FY19 EBITDA margin [%] PAT [Rs. Crs] 29.2 13.7% 20.7 13.3% H1FY18 H1FY19 H1FY18 H1FY19 16
Slide 18: H1FY19 Standalone Financial Highlights
H1FY19 Standalone Financial Highlights Total Income [Rs. [Rs Crs] EBITDA [Rs. [R Crs] C ] ^ Total Income is Net of Excise 40 6 40.6 230.6 Duty 212.3 38.8 H1FY18^ H1FY19 H1FY18 H1FY19 EBITDA margin [%] PAT [Rs. Crs] 14.8 18.3% 17.6% 12.8 H1FY18 H1FY19 H1FY18 H1FY19 17
Slide 19: Subsidiaries Performance
Subsidiaries Performance EI C Ceramics i [$ mn]] Monocon Group [GBP mn] 9.8 14.6 8.2 1.6 12 3 12.3 1.1 1.1 1.3 0.7 0.8 0.9 Revenue 0.5 EBITDA H1FY18 H1FY19 PAT H1FY18 H1FY19 Hofmann Ceramic [Euro mn] 5.2 4.8 0.0 0.0 ‐0.1 ‐0.2 H1FY18 H1FY19 18
Slide 20: Ongoing Capex to boost performance
Ongoing Capex to boost performance IFGL Odisha ~Rs. 8 Cr : For Capacity expansions Plant IFGL Kandla ~Rs. 29 Cr : For introduction of new products Plant Land at Allotment of land Visakhapatnam i kh 19
Slide 21: Consistently performing over the years
Consistently performing over the years… Particulars [Rs. Crs.] FY14^ FY14 FY15^ FY15 FY16^ FY16 FY17^ FY17 FY18^ FY18 CAGR Total Income 781.0 793.5 722.1 769.5 839.7 9.1% Materials consumed 378.0 406.1 365.2 362.0 421.4 Employee Expenses 110.0 117.9 119.6 120.9 126.7 Oth Expenses Other E 181 0 181.0
Slide 22: 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 0.19 0.69 67.8 0.35 28.3 0.16 0.16 16 0 16.0 17.7 0.07 0.02 0.02 ‐15.6 ‐0.02 ‐0.25 FY14 FY15 FY16 FY17* FY18* H1 FY14 FY15 FY16 FY17* FY18* H1 FY14 FY15 FY16 FY17* FY18* H1 F
Slide 23: with consistent Payout
…with consistent Payout 20 0% 20.0% 20 0% 20.0% 20 0% 20.0% 20 0% 20.0% 17.5% 15.0% FY13 FY14 FY15 FY16 FY17 FY18 Particulars i l ((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 Di id
Slide 24: About Us
About Us
Slide 25: A Global MNC
A Global MNC… Monocon , UK Hofmann Ceramic, Mono Ceramics Inc Germany Michigan, US Tianjin Monocon Tianjin, China EI Ceramics, Cincinnati , US IFGL, Kandla SEZ 24
Slide 26: 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 27: 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 F Foundry d C Ceramics i 26
Slide 28: to reputed names in the Global Steel Industry
…to reputed names in the Global Steel Industry 27
Slide 29: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : IFGL Refractories Ltd. Strategic Growth Advisors Pvt. Ltd. CIN ‐ L51909OR2007PLC027954 CIN ‐ U74140MH2010PTC204285 Mr. Rajesh Agrawal Mr. Shogun Jain / Mr. Pratik R. Shah [email protected] [email protected] /pr
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