National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q1 FY2022-23 Earnings Presentation
47 slides from National Fertilizers's earnings presentation, August 2022
Slide 1: Financial Results For The Quarter Ended June 2022
Financial Results For The Quarter Ended June 2022 National Fertilizers Limited
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 30.06.2022. Authorized capital : Rs. 1,000.00 crore. Paid up capital : Rs. 490.58 crore. Net-worth : Rs. 2,394.29 crore. Shareholding Pattern as on 30.06.2022: Government of India 74.71% Financia
Slide 3: Brief on Urea Manufacturing Activities
BRIEF ON UREA MANUFACTURING ACTIVITIES UREA Vijaipur‐I Vijaipur‐II Bathinda Panipat Nangal ANNUAL CAPACITY (Lakhs Metric Ton) – 8.646 8.646 5.115 5.115 4.785 32.31 LMT (Revised Assessed Capacity) Annual Capacity after Urea Capacity 9.999 10.662 5.115 5.115 4.785 Enhancement Projects at Vijaipur‐I &
Slide 4: Brief on Other Manufacturing Activities
BRIEF ON OTHER MANUFACTURING ACTIVITIES Other Manufacturing:‐ (Industrial Products, Bentonite Sulphur Bio‐Fertilizers etc.) : S. No. Products Located in No. of Annual Capacity of each streams stream (MT) Industrial Products 1. Nitric acid Nangal 2* 91410 2. Ammonium Nitrate Nangal 1 118800 3. Sodium
Slide 5: Plant Locations, Marketing Territory, Port handling & JV
Plant Locations, Marketing Territory, Port handling &JV 5
Slide 6: 5 Year's Growth Trends
y \7 Vol UH UeF 5 Year’s Growth & Trends
Slide 7: Sale of All Products
Sale of All Products SL .No. Particulars 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 1 Sale of Urea (LMT) 39.16 38.98 36.08 39.65 34.58 2 Bio‐Fertilizers (LMT) 0.005 0.006 0.007 0.005 ‐ 3 Bentonite Sulphur (LMT) ‐ 0.07 0.08 0.20 0.18 4a Sale of Traded (Fertilizers) 1. DAP (LMT) 3.28 5.04 6.85 5.09 3.53
Slide 8: Production of Urea
Production of Urea (LMT) Plants 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 NANGAL 5.43 5.41 5.75 5.47 5.32 PANIPAT 5.60 5.74 5.52 5.83 4.68 BATHINDA 5.63 5.84 5.63 5.77 5.28 VIJAIPUR- I 10.50 10.28 9.84 9.66 10.41 VIJAIPUR-II 10.95 11.32 10.53 11.26 9.54 TOTAL 38.10 38.59 37.27 37.99 35.23 Capacity uti
Slide 9: On-Stream Days
On-Stream Days (No. of Days) 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 Units Annual Annual Annual Annual Annual NANGAL 334 331 349 336 331 PANIPAT 342 347 335 356 286 BATHINDA 342 355 344 354 325 VIJAIPUR- I 346 343 330 325 354 VIJAIPUR-II 320 348 329 348 296 9
Slide 10: Energy Consumption (Gcal/MT)
ENERGY CONSUMPTION (GCAL/MT) Units FY 2017‐18 FY 2018‐19 FY 2019‐20 FY 2020‐21 FY 2021‐22 Nangal 6.819 6.728 6.722 6.750 6.523 Panipat 6.762 6.700 6.956 6.877 7.048 Bathinda 6.859 6.719 6.864 6.835 6.559 Vijaipur I 5.753 5.885 5.950 5.782 5.817 Vijaipur II 5.372 5.438 5.527 5.482 5.736 10
Slide 11: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE SL .No. Particulars 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 PHYSICAL PERFORMANCE 1 Production (Urea) (LMT) 38.10 38.59 37.27 37.99 35.23 2 Capacity Utilization w.r.t. RAC (Urea %) 117.94 119.46 115.35 117.59 109.06 3 Sale of Urea (LMT) 39.16 38.98 36.08 39.65 35.23
Slide 12: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Rs. crore) SL. No. Particulars 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 15 Net Fixed Assets 4144 4127 4382 4478 4368 16 Working Capital 981 1144 706 552 552 17 Long Term Borrowings 171 341 769 752 734 Short Term Loan 2695 4670 6119 1135 2435 Special Banking Arrangem
Slide 13: Sale of All Fertilizers (Quantity) LMT
Sale of All Fertilizers (Quantity ) LMT Imported 60 Fertilizers, 9.27 Compost, Bio‐ 9.10 7.47 Fertilizers & OTG 50 Urea (RFCL) 6.27 10.45 3.69 3.93 3.70 11.85 40 8.86 Imported Urea 30 (Govt. A/c) 20 39.16 38.98 36.08 39.65 34.58 Urea (Own) 10 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Year 2017‐
Slide 14: Sale of Urea (Own + RFCL + Imported)
Sale of Urea (Own + RFCL+ Imported (Govt. a/c) (Quantity ) LMT 55 Imported 50 Urea (Govt 45 10.45 A/c) 3.70 11.85 8.86 40 Urea (RFCL) 35 3.69 30 25 39.16 38.98 39.65 Urea (Own) 36.08 34.58 20 15 10 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Year 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22 Total (LMT)
Slide 15: Sale Value of All Fertilizers
Sale value of All Fertilizers (Rs. crore) 16000 14826.20 15000 14000 13000 12555.9 Sale Values in ₹ Crore 11976.53 12000 11190.72 11000 10000 9000 8733.61 8000 7000 6000 5000 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period CAGR of 13.95 % during 5 Years. 15
Slide 16: EBITDA
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) (Rs. crore) 1200 1013.24 1000 913.62 858.65 Value in Rs crore 800 600 578.00 535.86 400 200 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period 16
Slide 17: EBITDA to Gross Sale %
EBITDA TO GROSS SALE % 9% 8.30% 7.93% 8% 7% 6.72% 6.03% 6% Value in % 5% 4% 3.70% 3% 2% 1% 0% FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period 17
Slide 18: Subsidy Accrued vs Subsidy Outstanding
Subsidy accrued V/S Subsidy outstanding (Rs. crore) 12000 10183.59 10000 Subsidy 8295.68 8111.36 Claimed Value in Rs. crore 8000 6897.42 5934.55 5774.97 Subsidy 6000 5110.17 Outstanding 4000 3501.34 2634.08 2162.69 2000 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period 18
Slide 19: Finance Cost
Finance cost (Rs. crore) 500 405.48 400 Value in Rs crore 316.36 291.23 300 189.57 200 132.96 100 1 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period 19
Slide 20: Profit Before Tax (PBT)
Profit Before Tax (PBT) (Rs. crore) 500 463.37 400 343.46 334.83 300 Value in Rs. crore 200 144.82 100 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 ‐100 ‐200 ‐300 ‐252.71 Period 20
Slide 21: Profit After Tax (PAT)
Profit After Tax (PAT) (Rs. crore) 400 298.45 300 249.63 212.77 200 Value in Rs crore 108.20 100 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 ‐100 ‐200 ‐171.01 Period 21
Slide 22: Earning Per Share (EPS)
Earning Per Share (EPS) (Rs. / Share) 8 6.08 6 5.09 4.34 4 Rs per share 2.21 2 0 FY 17‐18 2018‐19 2019‐20 2020‐21 2021‐22 ‐2 ‐4 ‐3.49 22
Slide 23: Short Term Borrowings
Short Term Borrowings (Rs. crore) 8000 7333.37 7000 6122 6000 Value in Rs. Crore 5000 4000 2890 3000 2435.4 2000 1135.11 1000 0 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 FY 21‐22 Period 23
Slide 24: Performance for the Quarter June-2022
PERFORMANCE FOR THE QUARTER JUNE‐2022 [The Unaudited Quarterly Results for June 2022 approved by Board in its meeting held on 09.08.2022] 24
Slide 25: Performance Highlights for Quarter Ended 30.06.2022
PERFORMANCE HIGHLIGHTS FOR QUARTER ENDED 30.06.2022 Revenue from operations Rs. 6454.65 crore [CPLY Rs. 2632.54 crore] i.e. increase of Rs 3822.11 crore . The Revenue from own Manufactured Urea was at Rs 4164.81 crore, 64.52% of total revenue of Rs 6454.65 crore. The Revenue from other than ow
Slide 26: Financial Performance (Rs. crore)
Financial Performance (Rs. crore) Particulars Qtr. CPLY Increase/(Decrease) June 2022 Rs. crore % Total Revenue from Operation 6454.65 2632.54 3822.11 145 Total Expenses (excluding Depreciation & 6174.04 2535.78 3638.26 143 Finance Cost) Earnings before Interest, Tax Depreciation and Amortization (E
Slide 27: Sale of Fertilizers
Sale of Fertilizers LMT Particulars Qr. June-22 CPLY Increase/(Decrease) LMT LMT LMT % Sale of Manufactured Fertilizers Urea 9.38 9.05 0.33 4 Bio Fertilizers and Bentonite 0.06 0.03 0.03 100 Sulphur Total 9.44 9.08 0.36 4 Sale of Traded Fertilizers Urea (RFCL) 2.96 -* 2.96 - Imported Urea (Govt. A/c
Slide 28: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers LMT Particulars Qr. June-22 CPLY Increase/(Decrease) LMT LMT LMT % Production Urea Production 9.31 9.22 0.09 1 Bio Fertilizers and Bentonite Sulphur Production 0.06 0.04 0.02 50 Total Production (A) 9.37 9.26 0.11 1 Purchase Imported Urea (Govt. A/c) 1.12 1.98 (0
Slide 29: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account and RFCL Urea) (Lakh MT) Zonal Offices April-June April-June Increase/ 2022 2021 (Decrease) Chandigarh Zone 4.41 3.86 0.55 Bhopal Zone 3.95 3.01 0.94 Lucknow Zone 1.71 2.04 (0.33) Hyderabad Zone 3.11 0.76 2.35 TOTAL 13.18 9.67 3.51 S
Slide 30: Sale of Traded Fertilizers
Sale of Traded Fertilizers (Lakh MT) Apr – Jun Apr – Jun Increase/ Particulars 2022 2021 % (Decrease) DAP 2.21 0.25 1.96 784 MOP - 0.22 (0.22) (100) APS - 0.22 (0.22) (100) NPK 10:26:26 - 0.12 (0.12) (100) Compost 0.10 0.11 (0.01) (9) Water Soluble Fertilizers 0.01 -** 0.01 - (Indigenous) SSP Powder
Slide 31: Details of Expenses for the Quarter June-2022
Details Of Expenses For The Quarter June‐2022 31
Slide 32: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars Qr. June 22 CPLY Increase/ Key reasons (Decrease) Production of urea (LMT) 9.31 9.22 0.09 Sale of urea (Own) 9.38 9.05 0.33 (LMT) (Rs. Crore) (Rs. Crore) (Rs. Crore) Cost of Materials 2554.17 1176.99 1377.18 Mainly due to incr
Slide 33: Urea Production
Lakh MT UREA PRODUCTION Increase/ Unit Apr – Jun 2022 Apr – Jun 2021 (Decrease) Nangal 1.19 1.42 (0.23) Panipat 1.46 1.26 0.20 Bathinda 1.50 1.15 0.35 Vijaipur I 2.19 2.54 (0.35) Vijaipur II 2.97 2.85 0.12 Total 9.31 9.22 0.09 Production of Urea during the quarter was higher at all units except Na
Slide 34: On-Stream Days
On-Stream Days Apr – Jun 22 Apr – Jun 21 Variance with CPLY Units Increase/(Decrease) 72 87 (15) NANGAL 89 77 12 PANIPAT 91 72 19 BATHINDA 73 87 (14) VIJAIPUR- I 90 89 1 VIJAIPUR-II 34
Slide 35: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Energy Norms Actual Actual Units Apr – Jun 22 Apr – Jun 21 Nangal 6.500 6.391 6.668 Panipat 6.500 6.345 6.960 Bathinda 6.500 6.091 6.664 Vijaipur I 5.500 5.663 5.708 Vijaipur II 5.500 5.375 5.549 Energy consumption at all units remained lower than Target energy
Slide 36: Profit Variance Analysis for Qtr Ended 30th June 2022
PROFIT VARIANCE ANALYSIS FOR QTR ENDED 30th JUNE 2022 Company has earned profit before tax of Rs 150.10 crore during the quarter ended June’2022 as against loss before tax of Rs 5.03 crore during CPLY i.e. increase in profit by Rs 155.13 crore. PBT has increased mainly due to: 1. Increase in energy
Slide 37: Break Up of Total Finance Cost for Quarter June 2022
BREAK UP OF TOTAL FINANCE COST FOR QUARTER JUNE 2022 Rs. Crore Particulars Qr. June 22 CPLY Increase/ (Decrease) Total Interest on Long Term Loan (A) 13.05 5.51 7.54 Interest on working capital Loans (excluding interest on trading activities) 9.83 10.15 (0.32) Other borrowing costs (CP related charg
Slide 38: Analysis of Finance Cost on Working Capital
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR QUARTER JUNE 2022 Rs. crore Increase/ Particulars Qr. June-22 CPLY (Decrease) Interest on working capital Loans 9.83 10.15 (0.32) (excluding interest on trading activities) Interest on Trading Activities 25.55 9.40 16.15 Other borrowing costs (CP relat
Slide 39: Segment Results for Qtr. June 2022
Segment Results For Qtr. June 2022 39
Slide 40: Segment Results
SEGMENT RESULTS Rs. crore Particulars Apr – Jun 22 Apr – Jun 21 Segment Revenue Own Fertilizers (Urea, BS and Bio-fertilizers) 4239.72 2150.54 65.69% 81.69% Fertilizer Trading 1939.23 372.62 30.04% 14.15% Other Products 275.70 109.38 4.27% 4.16% Total 6454.65 2632.54 Segment Results Own Fertilizers
Slide 41: Sale Breakup Segment wise
Sale Breakup Segment wise‐Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) Qtr‐June‐2022 Fertilizer Qtr‐June‐2021 Other Fertilizer Other Trading , ₹ Products & Trading , ₹ Products & 372.62, services, ₹ 1,939.23, services, ₹ 14.15% 109.38, 30.04% 275.70, 4.16% 4.27%
Slide 42: Consolidated Accounts
Consolidated Accounts 42
Slide 43: Consolidated Accounts
CONSOLIDATED ACCOUNTS The Consolidated Financial Statements are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated accounts as set out in the accounting standards (Ind‐As 28) as prescribed under Section 133 of the Companies Act, 2013. The
Slide 44: Consolidated Accounts
CONSOLIDATED ACCOUNTS Rs. crore STANDALONE CONSOLIDATED Particulars Qtr June 22 Qtr June 21 Qtr June 22 Qtr June 21 Revenue from operations 6454.65 2632.54 6454.65 2632.54 Total Expenses 6261.03 2617.94 6261.03 2617.94 Profit/ (Loss) from operations before other 193.62 14.60 193.62 14.60 income, fin
Slide 45: New Projects and Other Activities
New Projects And Other Activities 45
Slide 46: Projects and Other Activities Status
Project s and Other Activities status NFL has signed MoU with IFFCO for setting up Nano‐Urea Plant. Hiring of Project Management Consultant is under progress. Seed processing plants at Bathinda and Panipat have been commissioned during the year. Seed Processing Plant at Indore is under construct
Slide 47: Thank You
THANK YOU 47
National Fertilizers — Q1 FY2022-23 Earnings Presentation on 6ix