Confidence petroleum

Confidence Petro –CNBC– CMD-Nitin Khara interview –6th Oct2022 :–

–No Impact in Volumes have been noticed.
–People are prefering this Green fuel & our growth is on-going in Bangalore wherein we are installing 100 CNG stations.

–Volumes –CNG growth –40% growth in our stations installed till date. LPG packed Cylinder divsion 7500 Metric Tonns per month
has gone up to 9000 Metric/tonns per month.

–In Auto -LPG dispensing stations –209 Auto LPG stations are running currently , we are getting the volume 2.9 L to 3 L Litres per day

–CNG which we are developing 100 stations –there the growth is around 40%

– Bottling plant capacity ? –we intend to put 100/102 Cr as we have currently 58 Bottling plants and we will take to 75 Bottling plant with 1 plant being 6 Cr in coming 2 to 3 yrs.

–Total capex will be 700 Cr by coming March 2025– In CNG / Auto LPG / Packaged cylinder business in B2C mkt for which we have already started mkting.

–700Cr Capex –funding ? –Internal accurals & EBITDA is good. Also we are raising 2 Cr Warrants which is all inclusive + we dont have any debt so we can take that also.

–700 Cr –Agreement with GAIL to develop 100 CNG stations in Bangalore , there we need 250 Cr.
In Auto LPG –we have 209 Stations which we will develop to 125 Stations ,hence we require 125 Cr.
–In B2C mkting –we have started in Pune / Nagpur / Ahemdabad –there we require 75Cr for cylinders + Working capital also

–Other CDG players approaching us to develop these stations in their areas ,so there we will sign 100 stations in the coming period , there also we require 150 Cr.

Overall we will need 700Cr capex in coming 3 yrs.

–Revenue turn-over from this capex –we May touch 40/50% in the coming 3 yrs , Y-n-Y.

–Margins –in Auto LPG business we are getting 15/18% EBITDA Margin , in CNG–18% & in B2C business the margins are good 20/22%. In other business like Bottling capacity –there will be 8 to 10%.