Filatex India Limited Investor Presentation February 2019
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Filatex India Limited (the “Company”), have been prepared 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 be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. FIL | Investor Presentation | February 2019 2
04 Company Overview 18 Key Strengths and Growth Drivers 22 Results Summary Content 27 Financial Overview 31 Shareholder Information FIL | Investor Presentation | 2017-18
Company Overview
About Us About Us Our mission Incorporated in 1990, Filatex India Ltd. has emerged as one of the To attain highest level of trust, integrity and honesty in business top five manufacturers of Polyester Filament Yarn. To encourage people's ownership, empowerment and working under team structure Starting with chips to yarn, Filatex has moved to latest technology To manufacture at an affordable cost that provides our customers a competitive Melt to Yarns. We are a customer advantage focused organization with state of art technology and stringent Strive to maintain an edge over its competitors due to consistent product quality and low quality measures. We strongly operating cost believe that polyester will be the fibre of the future. Our values Our vision Integrity and Customer Encourage To promote To protect the To be one of the leading polyester yarns Honesty in Satisfaction & Creativity & safe work environment & manufacturer producing products to Business Delight Innovation to practices community international standards, to be customer drive people, focused through stringent quality product & assurance and continuous innovation. processes FIL | Investor Presentation | February 2019 5
Polyester – The Preferred Fibre We believe that Polyester will be fibre of the future. Filatex has focused its future growth plans on Polyester Filament Yarns. Resistant to Stretching & shrinking Affordable Pricing Stain Resistant Highly Durable POLYESTER Faster Dryness Easy Wash ability Blends well with other fibres High colour retention Wrinkle resilient Abrasion & Mildew resistant FIL | Investor Presentation | February 2019 6
Salient Facts And Figures 2 34 ~2000 Manufacturing Countries global Employees units export 237,000 328,300 TPA TPA Production Capacity Production Capacity (FY 2017-18) (FY 2018-19) FIL | Investor Presentation | February 2019 7
Strong Performance (₹ in Crore) REVENUE EBIDTA PAT (Net of Excise Duty) 157 1,928 60 1,573 79 10 2015 2018 2015 2018 2015 2018 FIL | Investor Presentation | February 2019 8
Timeline 2008 Commenced production of Fully 1996 2016 Drawn Yarns – FDY in Dadra using, 1994 then latest machine from BARMAG, Commenced production of Fully Drawn Yarns –FDY, GERMANY Diversified into Specialty Polyester Filaments Yarn at capacity of 115 TPD at Dahej in March and added Dadra ( U.T Dadra and Nagar Haveli). Commenced capacity of Drawn Textured Yarns -DTY. Commenced Production of POY and Textured Yarns production of 200 TPD in September 1994 Commenced Production of Mono Filament Yarns at Noida Commissioned bright Polymerization Added manufacturing of Poly polypropylene capacity of 300 TPD for spining 190 TPD of yarns at Dadra Plant FDY, 25 TPD of POY, and cut balanced 85 TPD of Bright Chips at Dahej, Gujrat Set-up of Poly-Condensation plant of 600 TPD capacity along with 250 TPD Spinning of POY 1998 2018 and balanced 350 TPD of Chips at Dahej, Gujrat 2012 FIL | Investor Presentation | February 2019 9
Production Process Flowchart RAW MATERIALS TO FINISHED PRODUCTS AT DAHEJ PLANT PTA MEG POY PARTIALLY ORIENTED YARN DTY DRAW TEXTURIZING YARNS FDY FULLY DRAWN YARN Catalyst PTA PASTE TANK ESTERIFICATION 900 TPD REACTOR-1 300 TPD 600 TPD ESTERIFICATION ESTERIFICATION TiO2 BaSo4 REACTOR-2 REACTOR-2 PRE POLY PRE POLY BRIGHT STREAM SEMI DULL STREAM REACTOR REACTOR FINISHER FINISHER CHIPS POY FDY CHIPS POY FDY 85 TPD 25 TPD 190 TPD 180 TPD 280 TPD 140 TPD DTY 200 TPD FIL | Investor Presentation | February 2019 10
Board Of Directors Mr. Madhu Sudhan Bhageria Mr. Purrshottam Bhaggeria Mr. Madhav Bhageria Mr. Ashok Chauhan Chairman & Managing Director Joint Managing Director Joint Managing Director Executive Director Mr. S. P. Setia Mr. S. C. Parija Ms. Pallavi Joshi Bakhru Mr. B. B. Tandon Independent Director Independent Director Independent Director Independent Director FIL | Investor Presentation | February 2019 11
Geographical Presence Exporting to 34 countries across the Globe Canada Latvia UK Germany Poland Over 50% of Uzbekistan Turkey Italy DTY Slovenia Portugal South Korea USA Spain production is Morocco Nepal exported Iran Bangladesh Algeria Mexico Egypt Domican Republic Dubai Thailand Vietnam Manufacturing Facilities : 2 Colombia Exports Dadar & Nagar Havelli (UT) Kenya Ecuador contributed Indonesia Dahej (Gujarat) ~20% of Peru overall Brazil Revenues in FY18 Marketing Office : 3 S. Africa Chile New Delhi Argentina New Delhi Capacity Surat Dahej increased over Mumbai Surat Dadra the years Mumbai From 500 MTPA Corporate Office To 328,300 New Delhi MTPA FIL | Investor Presentation | February 2019 12
Diversified Product Portfolio We have Semi dull and Bright which are diversified in following products. Industrial intermediate product used 1 Polyester Chips to manufacture Polyester yarns. Intermediate product, post Texturizing 2 Polyester Partially Oriented used for knitting & weaving different Yarns (POY) kinds of Fabrics. Produced by drawing & heating POY 3 through a texturing process. It is used Drawn Textured for manufacturing Fabrics. Yarn (DTY) Fully drawn polyester filament yarn is 4 directly used for producing all kinds of Fabrics specially for children and ladies. Fully Drawn Yarns (FDY) Different shades and deniers, 5 Polypropylene the range being used for Socks, Under Multifilament Garments and Sports Wear. Crimp Yarns Used in manufacture of Carpets, Rugs, 6 Narrow Woven Fabric Tapes, Ribbons and Zippers FIL | Investor Presentation | February 2019 13
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