Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (June 2022)
40 slides from Navin Fluorine International's investor presentation, Jun 1, 2022
Slide 1: Intimation of Schedule of Analyst/Institutional Investor Meets
PADMANABH MAFATLAL GROUP Creating value. Sharing value. June 01, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai 400001 Mumbai 400051 Scrip Code: 532504 Symbol: NAVINFLUOR EQ Dear Sir
Slide 2: Navin Fluorine International Limited Investor Presentation – May 2022
l~ ~ ••a • PADMANABH MAFATLAL I GROUP Navin Fluorine International Limited Refrlge 10n Growing responsibly Investor Presentation – May 2022
Slide 3: Safe Harbor
l~ ••a PADMANABH Safe Harbor ~ •• MAFATLAL GROUP This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navin Fluorine International Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or
Slide 4: Sustainable Growth in Performance in FY22
l~ ~ ••a •• PADMANABH MAFATLAL GROUP Sustainable Growth in Performance in FY22 Growing responsibly
Slide 5: FY22 – Performance Highlights
l~ ••a PADMANABH FY22 – Performance Highlights ~ •• MAFATLAL GROUP Record revenues achieved in Operating Revenue +24% High Value Businesses Rs. 1403.6 crores 863 732 +18% Operating EBITDA YoY Highlights +14% Rs. 355.4 crores FY21 FY22 FY22 Margin at 25.3 % FY22 Revenue Contribution 61% Operating PBT
Slide 6: Q4 FY22 Highlights: Strong Growth with Sustained margins
l~ ••a PADMANABH Delivered strong Growth with Sustained margins ~ •• MAFATLAL GROUP High Value Businesses Operating Revenue +23% Rs. 398.4 crores 207 247 + 20 % Operating EBITDA YoY Highlights + 14 % Q4FY21 Q4FY22 Rs. 95.8 crores Q4FY22 Margin at 24.0% Q4FY22 Revenue Contribution 62% Operating PBT +
Slide 7: Sustainable Performance in FY22
l~ ••a PADMANABH Sustainable Performance in FY22 ~ •• MAFATLAL GROUP (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue 863 540 1,404 Margin DD 27.4% 25.3% 355 732 311 1,133 401 FY21 FY22 Operating PBT FY21 FY22 FY21 FY22 FY21 FY22 Margin DD 23.7% 22.1 % 310 Specialty C
Slide 8: High Value and Legacy business grew sequentially
l~ ••a PADMANABH High Value and Legacy business grew sequentially ~ •• MAFATLAL GROUP (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue Margin CJCJCJ 26.0% 26.7% 24.0% 98 96 247 155 151 367 398 - 84 - 207 212 324 117 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3FY22 Q4FY22 Q4FY21 Q3F
Slide 9: Business Vertical - Specialty Chemicals
l~ ••a PADMANABH Business Vertical - Specialty Chemicals ~ •• MAFATLAL GROUP Revenues (Rs. Crs) FY22 Highlights V 159 566 131 453 Achieved record quarterly and annual revenues Strong pipeline of growth opportunities, especially in agrochemicals, driven by principles of 3P : Product, Q4FY21 Q4FY22 FY
Slide 10: Business Vertical - CRAMS
l~ ••a PADMANABH Business Vertical - CRAMS ~ •• MAFATLAL GROUP Revenues (Rs. Crs) FY22 Highlights V 88 298 279 76 Achieved record annual sales in FY22 Q4FY21 Q4FY22 FY21 FY22 Focus on expanding project pipeline and further diversifying customer base 0% Debottlenecking of CGMP3 approved on the back o
Slide 11: Business Vertical - Inorganic Fluorides
l~ ••a PADMANABH Business Vertical - Inorganic Fluorides ~ •• MAFATLAL GROUP Revenues (Rs. Crs) FY22 Highlights V 71 274 59 193 Achieved record annual sales driven by pricing Q4FY21 Q4FY22 FY21 FY22 Good traction seen from end user segments especially in India 9% Optimized sales mix between Domestic
Slide 12: Business Vertical - Refrigerant Business
l~ ••a PADMANABH Business Vertical - Refrigerant Business ~ •• MAFATLAL GROUP Revenues (Rs. Crs) FY22 Highlights V 80 266 58 208 Growth in profitability was driven by significant price increase despite higher input costs Q4FY21 Q4FY22 FY21 FY22 Exports sales impacted due to higher logistics cost Sal
Slide 13: Financial Performance
l~ ~ ••a •• PADMANABH MAFATLAL GROUP Financial Performance Growing responsibly
Slide 14: Standalone Profitability Statement
l~ ••a PADMANABH Standalone Profitability Statement ~ •• MAFATLAL GROUP Particulars (Rs. Crs.) Q4 FY22 Q4 FY21 Y-o-Y Change % Q3 FY22 Q-o-Q Change % FY22 FY21 Y-o-Y Change % Net Revenue from Operations 398.4 324.0 23% 367.0 9% 1,403.6 1,133.1 24% Raw Material 189.9 153.2 162.0 638.3 511.0 Employee E
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet •:H I PADMANABH MAFATLAL GROUP ASSETS (Rs. Crs.) 31-Mar-22 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-22 31-Mar-21 Non-current assets 1023.6 861.4 EQUITY 1864.2 1650.1 Property, Plant and Equipment 372.9 347.8 Equity Share Capital 9.9 9.9 Capital work-in-progress 25.
Slide 16: Standalone Cashflow Statement
l~ ••a PADMANABH Standalone Cashflow Statement ~ •• MAFATLAL GROUP Particulars (Rs Crs.) 31-Mar-22 31-Mar-21 (A) Cash flow from operating activities Profit before tax 347.0 409.5 Adjustments for noncash items 17.0 -64.7 Operating profit before working capital changes 364.0 344.8 Working capital adju
Slide 17: Other Income Built-up
••a PADMANABH Other Income Built-up •· MAFATLAL GROUP [....__Q4_ FY22 (Rs. _ Crs) _] [....__Q4_ FY21 (Rs. _ Crs) _] 14.12 19.70 ,---------,-- - - ---0.38 - - ------------ -0.60 18.30 -1.69 12.05 - - - - - ------ - - - - ---------------.------, -0.80 Reported One Off Gain MTM Gain Adjusted Reported O
Slide 18: Consolidated Profitability Statement
l~ ••a PADMANABH Consolidated Profitability Statement ~ •• MAFATLAL GROUP Particulars (Rs. Crs.) Q4 FY22 Q4 FY21 Y-o-Y Change % Q3 FY22 Q-o-Q Change % FY22 FY21 Y-o-Y Change % Net Revenue from Operations 408.9 336.4 22% 379.0 8% 1,453.4 1,179.4 23% Raw Material 196.7 160.7 168.2 665.6 537.4 Employee
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet •:H I PADMANABH MAFATLAL GROUP ASSETS (Rs. Crs.) 31-Mar-22 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-22 31-Mar-21 Non-current assets 1366.2 702.8 EQUITY 1844.2 1633.9 Property, Plant and Equipment 377.5 353.7 Equity Share Capital 9.9 9.9 Capital work-in-progress 7
Slide 20: Consolidated Cashflow Statement
l~ ••a PADMANABH Consolidated Cashflow Statement ~ •• MAFATLAL GROUP Particulars (Rs Crs.) 31-Mar-22 31-Mar-21 (A) Cash flow from operating activities Profit before tax 344.2 357.8 Adjustments for noncash items 19.0 -12.4 Operating profit before working capital changes 363.2 345.4 Working capital ad
Slide 21: Consistent Dividend Performance
l~ ••a PADMANABH Consistent Dividend Performance ~ •• MAFATLAL GROUP Dividend as % of Face Value Robust Dividend Payout Special •• Final Dividend of 150% -550% -550% -550% ✓ Continuous Dividend over 12 years Interim + ✓ Special Dividend of 600% on FV of Special 150% Dividend Rs. 10 in FY12 of 75% 39
Slide 22: NFIL at glance
l~ ~ ••a •• PADMANABH MAFATLAL GROUP NFIL at glance Growing responsibly
Slide 23: NFIL at glance
~( •:H PADMANABH NFIL at glance 'I I MAFATLAL GROUP ~ Manufacturing plants strategically located closer to major ports - - - -~ Strong Clientele base in India & abroad, including Global Innovators ~ One of Largest Integrated Fluorochemical Company in India Specialty (& Over 50 years of expertise in
Slide 24: Integrated Business Model
l~ ••a PADMANABH Integrated Business Model ~ •• MAFATLAL GROUP • Chemical Complex at Surat spread over • Backward integration for Raw material 135 acres, houses Refrigerant, Inorganic through 25% JV partner in the only Fluorides & Specialty Chemicals Plants Fluorspar beneficiation company in India •
Slide 25: Our Delivery
l~ ••a PADMANABH Our Delivery ~ •• MAFATLAL GROUP Revenues (Rs. Crs) Revenue Contribution (%) FY2011 FY2022 1,404 Commenced Specialty Speciality Chemicals 27 % 40 % 11.3 % Chemicals in 2000 431 11Y CAGR Commenced CRAMS FY11 FY22 business in 2011 CRAMS 0% 21 % Net Profit (Rs. Crs) 266 Inorganic Fluor
Slide 26: Delivering on the 3P Strategy through New Capex Programs
••a PADMANABH Reinforcement of Trust •· MAFATLAL GROUP • 1Delivering on the 3P Strategy (Product, Platform and Partnerships) through New Capex Programs $410 Mn Multi Year Contract in High Performance Milligram to Product (HPP) Multi-tonne Production Launch of new products in agrochemicals through cG
Slide 27: Capacity Expansion - High Performance Product (HPP)
l~ ••a PADMANABH Capacity Expansion - High Performance Product (HPP) ~ •• MAFATLAL GROUP Key Highlights Entered into a $410 million contract with Honeywell International Inc. for manufacture and supply of a High-Performance Product (HPP) in the fluorochemical space $410 Mn $61.5 Mn Project will be e
Slide 28: Capacity Expansion - Multi-Purpose Plant (MPP)
l~ ••a PADMANABH Capacity Expansion - Multi-Purpose Plant (MPP) ~ •• MAFATLAL GROUP Other Key Points Rs. 195 crores Rs. 260 – 280 crores • Project will be executed through wholly owned subsidiary Navin Fluorine Advanced Sciences Limited Capex to be funded (NFASL) at Dahej in the state of Gujarat Exp
Slide 29: Multi year agreement - Agro-chemical fluoro-intermediate
••a Multi year agreement - Agro-chemical fluoro-intermediate l~ PADMANABH ~ •• MAFATLAL GROUP Navin Fluorine signs Rs. 800 crores multi year agreement for supply of key agro-chemical fluoro-intermediate Rs. 800 crores Agreement Value 5 years Agreement Term I Strengthen our Product Offerings Rs. 125
Slide 30: New Capex - A New Fluoro Speciality Molecule
•:H PADMANABH New Capex - A New Fluoro Speciality Molecule I MAFATLAL GROUP 0 New Capacity addition to cater to multiple Rs. 540 crs Investment Capex to be funded through a mix of internal “ The project will strengthen the product offerings as well as key account relationship along with providing bu
Slide 31: Journey of Transformation continues…
l~ ••a PADMANABH Core Business Strategy ~ •• MAFATLAL GROUP Valuable and Presence into High- Customer’s clear Dependable demand specialized choice - Strong pillar Fluorochemical product basket of Partnership Company Increase share of our High Innovation & Change growth Investment In MPP (Multi Value
Slide 32: ESG represents the cornerstone of our business
l~ ~ ••a •• PADMANABH MAFATLAL GROUP ESG represents the cornerstone of our business Growing responsibly
Slide 33: Our Approach to Sustainability
l~ ••a PADMANABH Our Approach to Sustainability ~ •• MAFATLAL GROUP Approach Environment Social Governance ✓ Robust Internal Controls ✓ Employees ✓ Controlled Growth ✓ Building resilience towards ✓ Customer and Vendors ✓ Balanced Approach climate change ✓ Community ✓ Board of Directors ✓ Reduce our
Slide 34: Environmental Declarations
l~ ••a PADMANABH Environmental Declarations ~ •• MAFATLAL GROUP Environmental Declarations Environment Approach Adopted reduction at source as one of the Reduced per unit power consumption, which principles comprising a systematic approach translated into an estimated reduction of ~2.2 Our environme
Slide 35: Social Programme
l~ ••a PADMANABH Social Programme ~ •• MAFATLAL GROUP Social Programme Social Approach ✓ Structured induction programme for all ✓ Engaged in bonds with communities for better onboarded employees living; undertook 15 projects benefiting 31,500 ‘S’ comprises the role of people ✓ Trained around safety,
Slide 36: Governance Best Practice
l~ ••a PADMANABH Governance Best Practice ~ •• MAFATLAL GROUP Governance Programme Composition of Committees Out of three Members of Nomination Reported NO 0 Structured policies and processes addressed investor grievances and Remuneration Committee, two were Independent and one Non- Executive; Accep
Slide 37: Board of Directors
l~ ••a PADMANABH Diversity of thought and experience ~ •• MAFATLAL GROUP Mr. Vishad Mafatlal Mr. Mohan Nambiar Mr. Pradip Kapadia Mr. Sunil Lalbhai Chairman Non-Executive Director Independent Director Independent Director He holds a Bachelor of Science Degree in He is a CA with vast experience of 57
Slide 38: Balanced Board with Experience and Expertise
•:H PADMANABH Balanced Board with Experience and Expertise I MAFATLAL GROUP Board Demographics meetings Board Independence ooo during Highly [~J FY2022 engaged ::········· ............. . ............• 9 of 12 Board .~ .. :: 17 : 75% Directors actively involved in NFIL’s : are strategic transformati
Slide 39: Deepen respect for contribution to Societal Goals
•a PADMANABH Deepen respect for contribution to Societal Goals •• I MAFATLAL GROUP 5.68 Crores Total CSR expenditure for the year ended March 31,2021 This includes Rs. 2 Crores for PM cares and Rs. 1 Crore each for to CM Relief Funds of Maharashtra, Gujarat and MP - CHILD DEVELOPMENT NFIL collaborat
Slide 40: Thank You Note
Thank You Note For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Orient Capital (a division of Link Group) CIN : L24110MH1998PLC115499 Ms. Payal Dave Mr. Basant Bansal +91 9819916314 Chief Financial Officer payal.dave@linkintime.co.in
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