Transcript No Slide Title

WELCOME TO THE PRESENTATION
ON PERFORMANCE OF
INDRAPRASTHA GAS LIMITED
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Increase in Sales in Q3

CNG sales volume increased by 7.1% from Q3 FY’05 to Q3 FY’06

PNG sales volume increased by 95.1% from Q3 FY’05 to Q3 FY’06

Overall sales value increased by 17.5% from Q3 FY’05 to Q3 FY’06
Particulars
CNG
F.Y. 2004-05
Q3
Rs. (Lakhs)
Qty. (Lak h Kgs.)
PNG
Rs. (Lakhs)
Qty. (Lak h SCM)
Total
F.Y. 2005-06
Q3
Increase %
(y on y)
12,798.30
14,610.87
14.2%
769.78
824.81
7.1%
633.11
1,176.84
85.9%
34.79
67.87
95.1%
13,431.41
15,787.71
17.5%
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Increase in Margin

Gross Profit increased by 18.8% from Q3 FY’05 to Q3 FY’06

Operating Profit increased by 24.7% from Q3 FY’05 to Q3 FY’06

Net Profit After Tax (PAT) increased by 32.5% from Q3 FY’05 to Q3 FY’06
Particulars
F.Y. 2005-06
Q3
Rs. (lakhs)
F.Y. 2004-05
Q3
Rs. (lakhs)
Increase %
(y on y)
Gross Profit
7,918.17
6,664.97
18.8%
Net Profit before Depreciation Interest
& Taxes (EBDITDA)
5,889.70
4,723.21
24.7%
Net Profit after Tax (PAT)
2,932.77
2,213.69
32.5%
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Comparative Profit & Loss Account
S.No.
Particulars
Financial Year
2005-06
RE - Q3 -FY06
%
Am ount
Financial Year
2005-06
Unaudited- Q3-FY06
Am ount
%
of Sales
Financial Year
2004-05
Unaudited- Q3-FY05
Rs. In Lakhs
Financial Year
2004-05
Am ount
of Sales
%
of Sales
Sales Quantity
825.36
-
824.81
-
769.78
2,977.29
-
70.16
-
67.87
-
34.79
152.01
-
CNG( In Lakhs Kgs.)
8.97
-
8.97
-
8.37
8.16
-
PNG (In Lakhs Scm)
0.76
-
0.74
-
0.38
0.42
-
CNG (Qty In Lakhs Kgs.)
PNG (Qty In Lakhs Scm.)
Average Sales Per Day
Sales Value
1
CNG
14,608.85
2
PNG (net of VAT)
3
Total Turnover (1+2)
4
Other Income
1,192.54
15,801.39
85.00
7.5%
0.5%
-
14610.87
92.5%
1176.84
7.5%
15787.72
73.12
0.5%
15860.84
12798.30
95.3%
49,418.38
95.0%
5.0%
633.11
4.7%
2,603.48
13431.42
0.0%
52,021.86
158.15
1.2%
779.39
13589.56
0.0%
52,801.25
1.5%
5
Total Incom e (3+4)
B
Manufacturing Expenses
6
Cost Of Gas
6,107.36
38.7%
5788.88
36.7%
4943.10
36.8%
18,936.69
36.4%
7
Excise Duty
2,049.66
13.0%
1823.53
13.6%
7,017.70
13.5%
8
(Increase)/Decrease In Stock
0.0%
-7.88
-
9
Total( 6+7+8)
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15,886.39
92.5%
2083.27
13.2%
-
(2.60)
-
8,157.02
-
7869.55
49.8%
6766.44
50.4%
25946.51
-
Gross Profit (5-4-9)
7,644.37
48.4%
7918.17
50.2%
6664.97
49.6%
26075.35
50.1%
Operating Expenses
2,512.64
15.9%
2101.59
13.3%
2099.91
15.6%
7,629.47
14.6%
5,216.74
33.0%
5889.70
37.3%
4723.21
35.2%
19225.27
37.0%
1,427.70
9.0%
1428.81
9.1%
1217.33
9.1%
4,803.30
9.2%
58.70
0.4%
58.65
0.4%
75.79
0.6%
308.89
0.7%
27.1%
EBDITDA (10-11+4)
-
(0.19)
13
Depreciation
14
Interest
15
PBT(12-13-14)
3,730.34
23.6%
4402.24
27.9%
3430.09
25.5%
14113.08
16
Taxes
1,255.63
7.9%
1469.46
9.3%
1216.39
9.1%
4,844.57
9.3%
17
Net Profit After Tax (PAT)
(15-16)
2,474.71
15.7%
2932.77
18.6%
2213.69
16.5%
9268.51
17.8%
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Ratios
S.No.
Ratios
F.Y. 2005-06
Q3
F.Y. 2004-05
Q3
F.Y. 2004-05
1
Gross Profit Ratio (%)
50.2
49.6
50.1
2
Operating Profit Ratio (%)
(EBITDA)
36.8
34.0
35.5
3
Net Profit Ratio (%)
18.5
16.3
17.6
4
Earning Per Share(In Rs.)
2.1
1.6
6.6
5
Book Value Per Share (In Rs.)
27.8
22.5
22.3
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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GROWTH IN CNG SALES
1999 2000
2000 2001
2001 2002
2002 2003
2003 2004
20042005
20052006
(Lakh kgs /
day)
0.08
0.48
2.67
5.66
7.72
8.16
8.63 **
Compression As on
(Lakh kgs /
Capacity
Year End day)
0.20
1.92
5.82
11.99
16.13
16.88
18.33**
120
134
141**
90,591 94,246
105949*
PARAMETER
AS ON
Daily
Average
CNG Sale
UNIT
No of CNG
Stations
As on
Nos
Year End
30
68
94
107
No of CNG
Vehicles
As on
Nos
Year End
5,200
26,350
57,240
79,123
4
24
52
87
As on
Nos of
Nos
compressors Year End
116
123
140**
** Avg.upto Dec' 2005 (Avg. for the month = 9.08 lacs kgs)
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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CNG Sales Growth
Lakhs Kgs per day
10.00
7.72
8.00
8.63
5.66
6.00
4.00
8.16
2.67
2.00
0.00
2001- 2002- 2003- 2004- 20052002 2003 2004 2005 2006
•As on 1st January 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth in CNG vehicle population
Figures in Numbers
120000
100000
80000
60000
40000
20000
0
79123
105949*
94246
90591
57240
2001- 2002- 2003- 2004- 20052002 2003 2004 2005 2006
* As on 1st January 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth in Compression Installed Capacity
Lakhs Kgs per day
20
16.13
15
10
16.88
18.33
11.99
5.82
5
0
20012002
20022003
20032004
20042005
20052006
* As on 1st January 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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CNG Stations’ Growth
Figures in Numbers
150
94
120
107
134
141
100
50
0
2001- 2002- 2003- 2004- 20052002 2003 2004 2005 2006
* As on 1st January 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth of CNG & PNG Sale
Figures in MMSCM
1999 2000
TOTAL CNG
SALE(MMSCM)
TOTAL PNG
SALE (MMSCM)
TOTAL SALE
(MMSCM)
TOTAL DAILY
AVERAGE SALE
(MMSCM)
2000 2001
2001 2002
2002 2003
2003 2004
2004 2005
2005 2006 *
3.76
21.75
121.81
266.41
367.30
387.05
311.02
3.25
5.35
5.93
7.17
10.88
16.14
18.75
7.01
27.10
127.74
273.58
378.18
403.19
329.77
0.02
0.07
0.35
0.75
1.03
1.10
1.20
* Upto 31st Dec 2005
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth of CNG Vehicles
Figures in numbers
GROWTH OF CNG VEHICLES
1st April 1st April 1st April
2000
2001
2002
1st April 1st April 1st April 1st Jan
2003
2004
2005
2006
Buses
18
400
4231
8874
10199
10480
10829
Auto
0
14000
35678
49810
59027
62048
64936
RTV
0
250
2165
4934
5267
5469
5276
Others
5182
11700
15166
15505
16098
16249
24908
Total
5200
26350
57240
79123
90591
94246
105949
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth of CNG Vehicle
Figures in numbers
80000
1st April 2000
60000
1st April 2001
1st April 2002
1st April 2003
40000
1st April 2004
1st April 2005
1st J a n 2006
20000
0
B uses
A ut o
RT V
Ot her s
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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CNG Station Network
Figures in numbers
STATION
IGL
DTC
BPCL
IOCL
HPCL
IBP
RAIL
TOTAL
MOTHER
39
23
0
0
0
0
0
62
ONLINE
14
0
8
9
5
5
1
42
DAUGHTER
0
0
1
2
1
0
0
4
DAUGHTER
BOOSTER
6
0
12
5
7
3
0
33
TOTAL
59
23
21
16
13
8
1
141
As on 1st January 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Reduction in Measurement losses
15%
10.4%
10%
4.0%
4.3%
5%
4.5%
3.5%
2.3%*
0%
FY'-01 FY'02
FY'03
FY'04
FY'05
FY'06
* As on 1st January, 2006
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth of PNG users
Figures in numbers
April-01
April-02
April-03
April-04
April-05
1st Jan
2006
Domestic
2821
4111
7719
15245
23307
39375
Small
Commercial
15
37
72
100
140
186
Large
Commercial
5
5
11
18
30
40
Total
2841
4153
7802
15363
23477
39601
CATEGORY
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Capex
Rupees in Million
5705.40
6000
5084.75
4627.20
3883.08
4000
2467.76
1454.94
2000
FY'01
FY'02
FY'03
FY'04
FY'05
FY'06*
0
* As on 1st Jan’06
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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17
ROCE & RONW
26
28
33
31
30
40
28
Value in %
6
4
20
3
1
30
10
0
FY'05
FY'04
FY'03 FY'02
ROCE
FY'01
RONW
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Payouts :Dividend Policy
Dividend Policy provides liberal payout
Track record
Year
% of equity
payout as % of NP
FY03
5
13.0
FY04
15
25.5
FY05
20
30.2
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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19
Shareholding pattern
As on 31/12/05
Promoters
3
Foreign Institution Investors
14
5
45
M utual Funds
Government of NCT of Delhi
11
Indian Financial Institutions &
Banks
22
Public / Others
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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20
Revenue Mix of IGL
CNG
5%
93%
1%
1%
Large
commercial
Small commercial
Household
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Cost of CNG Vs Petrol & Diesel
Operating Cost Rs. /KM
3
Rs
2.9
2.5
2
1.5
1.9
CNG
0.86
Diesel
1
Petrol
0.5
0
CNG
Diesel
Petrol
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New Markets - growth


IGL has been given the final NOC to participate
in the development of infrastructure for
marketing of CNG and PNG in the markets of
Greater Noida and Ghaziabad.
We have also been invited to participate in
Sonipat and Panipat markets. We have yet to do
the DFR study.
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth Strategy of IGL
Capitalize on the future regulatory initiatives for CNG business
Improve penetration of PNG business :

Focus on area surrounding existing CNG infrastructure

Target large consumers (Residential complex, industrial estate)

Penetration of network at marginal capital outlay
Tap industrial demand by supply of R-LNG at market driven
price to industrial customers
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Growth Strategy of IGL

Recently We have signed MOU with BPCL for supply of
R-LNG for our industrial customers.

Supply of CNG to Railways : Pilot project successful

Created a platform wherein LCV can get financed from
bankers on CNG kits
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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Risks & Mitigations

Gas Price Increase




Adverse Regulatory Intervention




Recent increase already passed on to customers
CNG price still remains competitive vis-à-vis petrol and diesel
Any future increase can also be dealt with in the same way
Unlikely in near future
May result in legal monopoly
May also be advantageous for expansion in neighbouring towns
Availability of Gas


Firm allocation from Govt. of India
New discoveries, LNG and Pipe Gas from Myanmar and Iran
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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DISCLAIMER: This presentation contains forward-looking statements
which may be identified by their use of words like “plans,” “expects,” “will,”
“anticipates,” “believes,” “intends,” “projects,” “estimates” “discussions” or
other words of similar meaning. All statements that address expectations or
projections about the future, including, but not limited to, statements about
the strategy for growth, product development, market position,
expenditures, and financial results, are forward-looking statements.
Forward-looking statements are based on certain assumptions and
expectations of future events. The companies referred to in this
presentation cannot guarantee that these assumptions and expectations
are accurate or will be realised. The actual results, performance or
achievements, could thus differ materially from those projected in any such
forward-looking statements. These companies assume no responsibility to
publicly amend, modify or revise any forward looking statements, on the
basis of any subsequent developments, information or events, or
otherwise.
NATURAL GAS FOR CLEAN & GREEN ENVIRONMENT
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THANK YOU
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