Indraprastha Gas Limited: A Sustainable Energy Solution
Indraprastha Gas Limited (IGL) is a leading provider of natural gas in the NCT of Delhi and surrounding areas. Founded in 1998 as a joint venture between GAIL, BPCL, and the Delhi government, IGL has significantly contributed to promoting a clean and green environment through its widespread CNG stations, residential and industrial consumers, and the largest CNG bus fleet in the world. The company's sales volume mix and growth in CNG stations reflect its commitment to sustainability and reducing carbon emissions. With a diverse shareholder pattern and focus on promoting natural gas usage, IGL continues to play a pivotal role in India's energy landscape.
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INDRAPRASTHA GAS LIMITED An Overview 1 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 1
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers Today IGL has its operations in NCT of Delhi, Noida, Greater Noida and Ghaziabad with 326 CNG stations, 4,59,467 residential consumers and 1876 industrial / commercial customers Fuelling the largest CNG Bus fleet in the World NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 2 2
Shareholding Pattern % HOLDING Promoters - 45% Government of NCT of Delhi - 5% Foreign Institution Investors - 16% Mutual Funds - 8% Indian Financial Institutions & Banks - 1% Insurance Companies - 9% Public / Others - 16% 16% 45% 9% 1% 16% 5% 8% NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 3 3
Sales Volume Mix Comm./ Ind./Others 21% Household 5% CNG 74% NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 4 4
Sales Volumes Figures in MMSCM CAGR last five years FY10 FY11 FY12 FY13 FY14 CNG 695 818 936 1,005 1,028 11% PNG 87 180 282 333 356 46% Total Sale Daily Average Sale 782 998 1,218 1,338 1,384 16% 2.14 2.73 3.34 3.67 3.79 16% NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 5 5
Growth in CNG March' March' March' March' March' PARAMETER UNIT 10 11 12 13 14 No of CNG Stations Nos 241 278 308 324 326 Compression Capacity (Lakh kg/day) 36.40 51.13 59.56 63.83 66.17 Average CNG Sale (Lakh kg/day) 14.46 16.71 19.15 20.72 21.20 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 6 6
CNG Station Network Figures in numbers DTC/ UPSRTC STATION IGL OMC TOTAL Online 118 58 113 289 Daughter 1 0 0 1 Daughter Booster 1 0 35 36 Total 120 58 148 326 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 7 7
CNG Vehicles Figures in numbers CAGR last five years 9% March' 10 March' 11 March' 12 March' 13 March' 14 Buses 13900 16655 18839 18826 19566 17% Auto/LGV 106699 121854 159123 193852 206352 20% RTV 5793 11070 13007 14062 14039 24% Cars/Taxi 213259 281802 359176 460926 514801 339651 431381 550145 687666 754758 21% Total NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 8 8
PNG Users Figures in numbers March' 10 March' 11 March ' 12 March' 13 March' 14 CATEGORY Domestic 182000 245000 332844 386696 459467 Commercial / Industrial 376 520 862 1382 1876 Total 182376 245520 333706 388078 461343 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 9 9
PNG Network Figures in kilometers CAGR last five years March' 10 March '11 March '12 March '13 March '14 CATEGORY Steel Pipeline 299 421 574 631 658 23% MDPE Pipeline 2330 4420 6479 7783 8438 38% Total 2629 4841 7053 8414 9096 36% NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 10 10
Turnover, Gross Margin & PAT Rs./Crores FY10 FY11 FY12 FY13 FY14 CAGR GROSS TURNOVER 1213 1952 2790 3724 4328 35% GROSS PROFIT 583 760 980 1170 1241 23% PAT 215 260 306 354 360 16% NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 11 11
Book Value & EPS 140 125.94 120 106.64 100 87.78 80 71.70 60 58.96 40 25.73 25.29 20 21.89 18.55 15.39 0 Book Value EPS NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 12 12
Cumulative Capex (RS. In Crores) 3500 30103236 3000 2642 2500 2058 2000 1287 1500 1000 500 0 FY'10 FY'11 FY'12 FY'13 FY'14 NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 13 13
Dividend Payout Dividend Policy provides liberal payout Track record Year FY04 % of equity 15 FY05 20 FY06 25 FY07 30 FY08 40 FY09 40 FY10 45 FY11 50 FY12 50 FY 13 55 FY 14 55 (Proposed) NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 14 14
Growth-Strategy Improve/Augment CNG infrastructure/Stations in Delhi & NCR to meet the additional demand in view of conversion of private cars Improve penetration of PNG business : Penetration of network in all charge areas Target Industrial/Commercial customers in both Delhi & NCR NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 15 15
Growth-Strategy IGL has recently acquired 50% equity share capital of Central UP Gas Limited (CUGL) at a price of Rs.23 per equity share aggregating to Rs. 69 crores, from certain financial investor shareholders of CUGL. CUGL is engaged in the CGD in the cities of Kanpur and Bareilly in Uttar Pradesh. NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 16 16
Credit Strength Healthy profitability and cash generations from operations. Maintaining low debt at present with debt equity ratio of 0.17. ICRA Limited (An associate of Moody s Investors Service) has reaffirmed highest credit ratings of AAA (Stable) for term loan and A1+ for short term loan. NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 17 17
Risks & Mitigations Gas price increase Increases have been passed on to customers CNG price still remains competitive vis- -vis petrol Availability of gas Firm allocation from Govt. of India Buying gas from Promoter Companies GAIL/BPCL Have entered into framework gas supply agreements with other major gas suppliers in India viz Shell (Hazira LNG Pvt. Ltd.), GSPC Ltd., BG India Energy Solutions Pvt. Ltd., IOCL. NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 18 18
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Company do not accept any liability whatsoever, direct or indirect, that may arise from the use of the information herein. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 19 19
THANK YOU NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT 1 20 20
