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IFGL Refractories Limited An Indian Multi-national Welcomes you 14 July,2008. Disclaimer.
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IFGL Refractories Limited An Indian Multi-national Welcomes you 14 July,2008
Disclaimer Certain statements in this presentation concerning our future growth prospects, are forward looking statements, which involves a number of risks and uncertainties that may cause actual results to differ materially from those in such forward looking statements. Risk and uncertainties relating to these statements include and are not limited to risk and uncertainties relating to fluctuations in sales, earnings, our ability to manage growth, intense competition, our ability to manage operations, fluctuations in demand, our ability to successfully complete and integrate potential acquisitions, performance of our subsidiaries, political instability and changes in legal restrictions and general economic conditions affecting our industry. The Company may from time to time make additional written and or oral forward looking statements. The Company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the Company.
Brief history of IFGL Refractories 1999 Purchase of stake from Vesuvius Indo Flogates merger with IFGL Refractories 2008 Acquired Hofmann Ceramic Group 2005 Acquired Monocon Group 1993 IFGL Refractories Founded Collaboration with Harima Corp., Japan 1983 Collaboration with Flogates UK 2000 Awarded ISO 9001 2006 Acquired Goricon Group 1979 Indo Flogates founded 1970s 1980s 1990s 2000s • Manufacture of Slide Gates for Furnace and convertors • Manufacture of Continuous Casting Refractories started • Manufacturing IPV Porous Plug started • Export Thrust • Manufacture of Flocon Slide Gate Mechanism & refractories • Lances • Darts • Monolithics • Castables
Made possible by IFGL Group’s Strong financial performance • Strong growth in Sales • Highly cash generative – EBITDA Rs 55 crores yearly and growing
IFGL Group structure- pre acquisition IFGL Refractories Limited IWHL (Isle of Man) IMHL(UK) 95% Tianjin Monocon Refractories Ltd.(China) Tianjin Monocon Aluminous Refractories co. Ltd.(China) Monotec Refratarios Limitada(Brazil) 100% Monocon International Refractories Limited(UK) Monocon Overseas Limited(UK) GoriconMetallurgical Services Ltd. (UK) Mono Ceramics Inc(USA) Goricon Llc(USA)
IFGL Group structure- post acquisition IFGL Refractories Limited IWHL (Isle of Man) IMHL(UK) 95% Tianjin Monocon Refractories Ltd.(China) Tianjin Monocon Aluminous Refractories co. Ltd.(China) Monotec Refratarios Limitada(Brazil) 100% Monocon International Refractories Limited(UK) Monocon Overseas Limited(UK) Hofmann Ceramics Ltd., UK GoriconMetallurgical Services Ltd. (UK) IFGL Gmbh 96% Hofmann Ceramics Gmbh Hofmann OHG Mono Ceramics Inc(USA) Goricon Llc(USA) 92% Hofmann Ceramics LLC, USA Hofmann Ceramics s.r.o Czech Republic
We are thankful to: • HSBC, UK for financing the deal • Financial Due Diligence • Grant Thronton, UK supported by their German & Czech teams • Legal Due Diligence • DMH Stallard UK • Tiefenbacher,Germany • Tax Advice • Grant Thornton, UK
introduction …since 1937 „made in Germany“!
1937 - today 1978 - today History 1398 - 1948 1960 - today 1995 - today 1990 - today
Hofmann Ceramic Group • Hofmann Ceramic Gmbh, Germany • Manufacturing Company – Plant at Breitscheid- Erdbach • Hofmann Ceramic CZ S.F.O, Czech Republic • Manufacturing Company- Plant at Bela nad Radbuzou • Hofmann Ceramic LLC, USA • Hofmann Ceramic Limited, UK • Sales company • Hofmann OHG • Owns the property at Breitscheid- Erdbach
Products Technical foundry ceramics Wear resistant parts for the Wire and cable industry Refractories Kacheloven
Technical foundry ceramics Filters Filters Chill Plates
Technical Foundry Ceramics- contd. Feeders Feeders Feeders
Refractory • Extremely wear resistant • Own tool shop • Usage until 1800° C
Wear resistant parts for the wire & cable industry • Absolutely wear resistant • Large selection • Different qualities • High endurance
Erdbacher Kacheloven(Fire Place) • real basic furnace • Comfortable radiant heat • individually adaptable • Short building time • high efficiency
Production • constant quality assurance • Precision manufacturing • In conformity with the environment • ... and the worker as a human being
Chill Plates • Chill Plate is a ceramic / metal insert in the sand mould used to produce local chilling and equalize rate of solidification throughout the casting.
FeedersNeue Hofmann Speiser Sometimes referred to as a "riser," it is part of the gating system. It forms the reservoir of molten metal necessary to compensate for losses due to shrinkage as the metal solidifies
What this deal means for Hofmann Ceramic Business • Worldwide presence • Access to resources for growth • Access to Growing markets- India, China, Brazil
What is in for IFGL • Entry into Foundry Industry • Growing Foundry production in India & China • Some existing products of IFGL may be supplied to Foundry • Strong Base in mainland Europe – possible distribution base for IFGL products • Major International competitors had presence in Foundry market • Vesuvius • Foseco (now part of Vesuvius) • St. Gobain
IFGL- international manufacturing operations . . . Monocon International RefractoriesDenaby, UK Tianjin Monocon Tianjin, China Mono Ceramics Inc Michigan, US IFGL Refractories India Monotec Refratarios Fortaleza, Brazil
Update on new Plant at Kandla for manufacturing CC Refractories • Land already acquired • Key Personnel appointed • Orders for major equipment placed Bhoomi puja being perfomed by company senior executives
IFGL Refractories Highlights • One of the best known Special Refractory Manufacturer of India • Largest exporter of Refractories from India • Crossed Rs 1000 Million Export in 2007-08 • Recipient of CAPEXIL Special Export Award for Refractories for five successive years • Star Export House –recognised by Ministry of Commerce • Quality System certified- BS EN ISO 9001: 2000 • Reputed for introducing new technology products in India • Uninterrupted Dividend paying (since 2002-03)
Celebration 4th july 2008 After a long days work- it was party time