National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Investor Presentation (September 2023)
33 slides from National Fertilizers's investor presentation, September 2023
Slide 1: Intimation of Analyst/Institutional Investors Meet letter
<9EY' II!'I'IR'!->0 «1: ~ ~TGfC'f Q)R;(¥11 $\Jj =lf fC1 rn es NATIONAL FERTILIZERS LIMITED (A Govt. Of India Undertaking) (:HTTct m<Ji'R a;r ~) cti1~t4)~e ~ : ~- 11 , ~-24, ~ - 201301 Corportate Office : A-11 , Sector-24, Noida-201301 , ftirc;rr ~ ~ "f1'R (~ -~.)' Distt. Gautam Budh Nagar ( U.P.) ~
Slide 2: Intimation of Analyst/Institutional Investors Meet letter
~ ~- -· · ~~TGJC.Yf lbflC11 $"1 "lt Pe1fd1es NATIONAL FERTILIZERS LIMITED (A Govt. Of India Undertaking) (anm ma>R" em J'QSI5<JI) q;'fl(q)~e ~: ~- 11 , ~- 24, ~ - 201 301 Corportate Office : A-11 , Sector-24, Noida-201301 , fGR;rr lfTo1l ~ ~ (\3'.U.), Distt. Gautam Budh Nagar ( U.P.) ~ : 0120 201229
Slide 3: National Fertilizers Limited Corporate Presentation September 2023
National Fertilizers Limited Corporate Presentation September 2023
Slide 4: Disclaimer
Disclaimer By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by National Fertilizers Limited (“NFL” or the “Company”) solely for in
Slide 5: Contents
Contents 1. A Fertilizer Company Company at a Glance With 2 nd largest market share in Urea Focus on New Products, Manufacturing & 2. Unparalleled Distribution Network Key Milestones Which will continue to support growth Dynamic Approach 3. Towards changing Market Environment & Regulations with Cont
Slide 6: Company at a Glance
Company at a Glance Business Segments (Standalone) FY23 Revenue Q1FY24 Revenue INR 29,617 Cr INR 5,051 Cr 11 soil testing labs Schedule A and Miniratna Own Fertilizers* (6 Static+5 Mobile) (Category-I) Central Public NABL accredited Lab at Panipat & Sector Enterprise Vijaipur 65.5% 60.6% 4,000+ Deal
Slide 7: Key Milestones
Key Milestones 1978 Nangal Plant merged 2015 with NFL Incorporated JV for revival of (Capacity 3.3 LMT) Ramagundam Plant with installed capacity of 12.71 LMT • Commenced 1979 Vijaipur I & II (Project Cost = INR 6,338 Cr) operations of Commercial production revamped for capacity RFCL started at Panip
Slide 8: Experienced Management Team
Experienced Management Team Board of Directors Neeraja Adidam Prathibha Anirudham U. Saravanan Atul Baburao Patil Hira Nand Rajan Kanwar Government Nominee Director Government Nominee Director Chairman & MD Director Marketing Director Finance Director Technical Jt. Sec., Dept. of Fertilizers Economi
Slide 9: Awards & Achievements
Awards & Achievements 1st prize for the excellent work Gold Award to Nangal Plant for Outstanding Nangal Unit received Runner-up Award for in Official Langue (Hindi) Achievement in Environmental Improvements Outstanding Achievement in Safety Patron HSE Platinum Award for Safety to Vijaipur Unit FAME
Slide 10: Vision & Mission
Vision & Mission Vision Leading Indian company in fertilizers and beyond Commitment to all stakeholders Mission Committed to serve Farming Timely supply of Fertilizers Workplace Ergonomics Community & Other Customers Quality Assurance Safety Measures Ethical Practices Energy Maximizing Conservation
Slide 11: A Fertilizer Company With 2nd largest market share in existing products
1. A Fertilizer Company Multi-product Company with an With 2 nd largest market share in existing products established Brand – “Kisan” Focus on New Products, Manufacturing & 2. Unparalleled Distribution Network Which will continue to support growth Manufacturing Edge Dynamic Approach 3. Towards chang
Slide 12: Multi-product Company with an established Brand – Kisan
Multi-product Company with an established Brand – “Kisan” All Fertilizers & Agri Input Offerings Break-up of Fertilizers Sales LMT Bharat Urea Bharat DAP Bio Fertilizers 49 57 59 55 67 13 9 9 7 5 6 10 9 4 12 39 40 38 48 36 FY19 FY20 FY21 FY22 FY23 Kisan Beej Bentonite Sulphur Kisan Compost Manufactu
Slide 13: Manufacturing Edge
Manufacturing Edge Nangal, Punjab NFL has its plants strategically located in key crop producing states Installed Urea Capacity 4.8 LMT p.a. All plants ISO-9001-2008, ISO-14001-2004 & OHSAS-18001 certified Capacity Utilization (FY23) 114.0% Nitric Acid Capacity 1,82,820 MT p.a. RFCL (JV), Telangana
Slide 14: Operational Capabilities
Operational Capabilities Plant wise Production of Urea LMT 11.9 11.3 10.5 10.4 9.7 9.5 • NFL can leverage its production in Punjab, Haryana & Madhya 5.8 5.8 5.8 5.7 5.5 5.5 5.3 5.3 Pradesh being a sole Urea manufacturer 4.7 • NFL caters in J&K and Himachal Pradesh from Punjab & Haryana Nangal Panipa
Slide 15: Marketing Territories
Marketing Territories Chandigarh Noida Zonal Marketing Office Central Marketing Office Lucknow Zonal Marketing Office Mundra (Gujarat) Port* Tuna (Gujarat) Bhopal Port* Zonal Marketing Office Kandla (Gujarat) Port* Pradeep (Odisha) Port* Pipavav (Gujarat) Port* States under Zones Hyderabad Chandigar
Slide 16: Focus on New Products, Manufacturing & Distribution Network
Fertilizer Capacity, Demand & 1. A Fertilizer Company Consumption With 2 nd largest market share in existing products Focus on New Products, Manufacturing & Demand Drivers 2. Unparalleled Distribution Network Which will continue to support growth Urea prices regulated by GOI Dynamic Approach 3. Towa
Slide 17: Ammonia Capacity & Nitrogen Demand - Global
Ammonia Capacity & Nitrogen Demand - Global Ammonia – Capacity Nitrogen – Fertilizer Demand 187.0 189.5 187.4 188.9 190.4 105.9 107.4 108.7 110.2 111.6 1.0% 1.0% 1.0% 1.0% 1.0% 1.7% 1.8% 1.8% 1.8% 1.8% 22.6% 22.7% 23.1% 23.0% 22.9% 15.9% 15.8% 15.8% 15.8% 15.7% 55.9% 55.8% 55.8% 55.7% 55.5% 55.7% 55
Slide 18: Demand Drivers
Demand Drivers India – Fertilizer Consumption India – Urea Consumption, Production & Imports Million Tonnes Million Tonnes 34.0 33.7 35.1 34.2 26.9 29.2 4.0 24.5 25.1 23.3 3.2 9.0 24.6 2.6 7.0 18.7 7.0 6.3% 4.0% 9.8 9.1 9.1 19.0 21.0 4.6 17.3 -2.4% FY19 FY22E FY26P FY20 FY21 FY22 FY23* N P K Total C
Slide 19: Urea prices regulated by GOI
Urea prices regulated by GOI Urea – Monthly International Prices INR per Metric Ton 70,000 55,000 40,000 25,000 10,000 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Urea prices seeking a level where demand is matching the limited supply • The Curre
Slide 20: Outlook on Share of Non-Urea Fertilizers in India
Outlook on Share of Non-Urea Fertilizers in India Production Import Sales Million Tonnes Million Tonnes Million Tonnes 4.9 5.4 4.0 5.7 4.2 2.5 2.8 2.5 3.9 1.5 1.2 4.4 1.4 1.9 10.6 12.2 1.1 9.3 8.3 6.7 7.4 4.9 5.5 4.8 4.2 10.8 9.3 8.4 3.8 2.7 FY21 FY22 FY23* FY21 FY22 FY23* FY21 FY22 FY23* DAP NPKS S
Slide 21: Favorable Policies Support
Favorable Policies Support GOI Policies Brief Description NFL Impact Budgetary allocation about Rs 1.75 Lakh Crore subsidy on fertilizers during FY 2023-24. With Revised Fertilizer subsidy budget support from Govt, Industry is getting subsidy on regular basis despite of lower gas prices, as governme
Slide 22: Investment Highlights
Investment Highlights Leadership Position • 2nd Largest Urea producer with pan India presence with Strong Market • Capture 19.5% market share in Urea (Incl. Ramagundam) Share • Low demand risk for key product, as consumption has witnessed consistent growth • Multi-product offerings with well establi
Slide 23: Story in Numbers (Standalone)
1. A Fertilizer Company Story in Numbers (Standalone) With 2 nd largest market share in existing products Focus on New Products, Manufacturing 2. Capabilities & Unparalleled Distribution Network Which will continue to support growth Robust Balance Sheet (Standalone) Dynamic Approach 3. Towards chang
Slide 24: Story in Numbers (Standalone)
Story in Numbers (Standalone) All figures in INR Cr unless stated otherwise Revenue from Operations Product wise break-up of Revenue Share of Urea (Incl. Imports) & Other Fertilizers 11,906 15,857 29,617 11,906 15,857 29,617 72% 71% 29,617 3% 5% 4% 17% 11% 7% 66% 28% 27% 31% 49% 55% 57% 15,857 11,90
Slide 25: Robust Balance Sheet (Standalone)
Robust Balance Sheet (Standalone) All figures in INR Cr unless stated otherwise Net Block ** Borrowings Cash Flow from Operations 1,888 3,170 3,991 7,034 4,476 4,367 3,456 4,145 2,540 1,240 648 630 535 31-Mar-21 31-Mar-22 31-Mar-23 -335 -826 31-Mar-21 31-Mar-22 31-Mar-23 Long Term Short Term Total B
Slide 26: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) All figures in INR Cr unless stated otherwise Balance Sheet FY21 FY22* FY23 Income Statement FY21 FY22* FY23 Assets Revenue from operations 11,906 15,857 29,617 Non-Current Assets 5,015 4,950 4,739 Property, Plant & Equipment 3,609 4224 3,965 Other Income 33 26 193 Ri
Slide 27: Financial Snapshot (Consolidated)
Financial Snapshot (Consolidated) All figures in INR Cr unless stated otherwise Income Statement FY21 FY22 FY23 Balance Sheet FY21 FY22* FY23 Assets Revenue from operations 11,906 15,857 29,617 Non-Current Assets 4,984 4,715 4,506 Other Income 33 26 193 Property, Plant & Equipment 3,609 4,224 3,965
Slide 28: Impressive Growth Script (Standalone)
1. A Fertilizer Company Impressive Growth Script With 2 nd largest market share in existing products (Standalone) Focus on New Products, Manufacturing 2. Capabilities & Unparalleled Distribution Network Which will continue to support growth Financial Snapshot (Standalone) Dynamic Approach 3. Towards
Slide 29: Impressive Growth Script (Standalone)
Impressive Growth Script (Standalone) All figures in INR Cr unless stated otherwise Revenue from Operations EBITDA & Margin 9.2% 6,455 6,757 10,137 6,268 5,051 4% 3% 3% 3% 3% 17% 4.3% 30% 41% 31% 36% 2.7% 281 185 937 -0.2% 80% -331 66% 56% 66% 61% -9 -5.3% Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q1FY23 Q
Slide 30: Financial Results Snapshot
Financial Results Snapshot All figures in INR Cr unless stated otherwise Standalone Consolidated YoY YoY Income Statement Q1FY24 Q1FY23 Change Income Statement Q1FY24 Q1FY23 Change (%) (%) Revenue from operations 5,051 6,455 -22% Revenue from operations 5,051 6,455 -22% Other Income 9 8 11% Other In
Slide 31: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) All figures in INR Cr unless stated otherwise Balance Sheet 30-Sep-22 31-Mar-23 Income Statement Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Assets Non-Current Assets 4,923 4,739 Revenue from Property, Plant & Equipment 4,153 3,965 6,455 6,757 10,137 6,268 5,051 operations Rig
Slide 32: Financial Snapshot (Consolidated)
Financial Snapshot (Consolidated) All figures in INR Cr unless stated otherwise Balance Sheet 30-Sep-22 31-Mar-23 Income Statement Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Assets Non-Current Assets 4,692 4,506 Revenue from Property, Plant & Equipment 4,153 3,965 6,455 6,757 10,137 6,268 5,051 operations R
Slide 33: Thank You
Thank You National Fertilizers Limited (A Government of India Undertaking) CIN: L74899DL1974GOI007417 Registered Office: SCOPE Complex, Core-III, 7-Institutional Area, Lodhi Road, New Delhi - 110 003 Corporate Office: A-11, Sector-24, Noida 201301 Contact: 0120-2412294, 2412445
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