Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (May 2019)
25 slides from Navin Fluorine International's investor presentation, May 6, 2019
Slide 1: Navin Fluorine International Limited Investor Presentation – FY19
Navin Fluorine International Limited Investor Presentation – FY19 1
Slide 2: Safe Harbor
Safe Harbor 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 invitation to purchase or subscribe
Slide 3: Record Annual Revenue
Record Annual Revenue Legacy Business Growth Refrigerants (Rs. Crs) Inorganic Fluorides (Rs. Crs) 22% 280 197 245 145 56% 66% 90% 86% 44% 34% 14% 10% FY18 FY19 FY18 FY19 High Value Products Specialty Chemicals (Rs. Crs) CRAMS* (Rs. Crs) 12% 300 202 India 178 225 60% 61% 40% 39% FY18 FY19 FY18 FY19 3
Slide 4: Annual: Operating Performance (Ex-Dahej Operations)
Annual: Operating Performance (Ex-Dahej Operations) Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) Margins 24.5% 22.8% Margins 21.1% 20.1% +17% +9% +11% 955 218 192 200 173 818 280 245 197 145 225 300 202 178 FY18 FY19 FY18 FY19 FY18 FY19 Ref. Gas Speciality Chemicals
Slide 5: Q4: Operating Performance
Q4: Operating Performance Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) Margins 22.1% 21.4% Margins 18.2% 18.7% +16% +13% +20% 244 52 46 210 46 38 80 68 52 42 69 60 39 43 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Ref. Gas Speciality Chemicals Inorganic Fluorides CRAM
Slide 6: Refrigerant - Business Units Performance
Refrigerant - Business Units Performance Revenue (Rs. In Crs) +9% International business CAGR 280 215 245 led growth 211 International Business in this division has shown good traction with over 50% growth in Revenues FY16* FY17 FY18 FY19 The growth is contributed by both Volumes & Realisations Inte
Slide 7: Inorganic Fluoride - Business Units Performance
Inorganic Fluoride - Business Units Performance Revenue (Rs. In Crs) +28% 197 Growth in India Market CAGR 145 120 94 Good traction in the business on the back of strong growth in the FY16* FY17 FY18 FY19 domestic markets International 10% Demand from Domestic Steel Industry was better than last Quar
Slide 8: Speciality - Business Units Performance
Speciality - Business Units Performance Revenue (Rs. In Crs) +8% CAGR 300 Crossed Rs. 300 Crores 239 226 225 of turnover Successful launch of new products FY16* FY17 FY18 FY19 Pricing power leading to increased margins We continue to add strong International product pipeline for the 40% future India
Slide 9: CRAMS - Business Units Performance
CRAMS - Business Units Performance Revenue (Rs. In Crs) +27% CAGR Emphasis continues to be on 202 178 High Margin Projects 122 87 Repeat business coming from Existing Customers FY16* FY17 FY18 FY19 Successful Audits by the Customers and technical capabilities developed leading to increased number of
Slide 10: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q4 FY19 Q4 FY18 Y-o-Y % Net Revenue from Operations 244.3 208.4 17% Raw Material 121.8 93.7 Employee Expenses 23.2 24.1 Other Expenses 47.0 44.6 Operating EBITDA 52.2 46.1 13% Operating EBITDA Margin 21.4% 22.1% Interest Expenses 0.2 0.6 Depr
Slide 11: Other Income Built-up
Other Income Built-up Q4 FY19 (Rs. Crs) Q4 FY18 (Rs. Crs) 20.1 13.0 0.9 -5.7 -7.3 -5.5 6.6 8.9 Reported One Off MTM Gain Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 11 * One-Off Gain is towards Sale of Investments
Slide 12: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) FY19 FY18 Y-o-Y % FY18* Net Revenue from Operations 955.1 816.6 17% 873.4 Raw Material 455.4 357.1 384.8 Employee Expenses 96.9 86.0 90.8 Other Expenses 184.7 173.7 187.1 Operating EBITDA 218.1 199.8 9% 210.7 Operating EBITDA Margin 22.8% 24.
Slide 13: Other Income Built-up
Other Income Built-up FY19 (Rs. Crs) FY18 (Rs. Crs) 34.8 90.6 -3.7 -11.2 -13.4 -47.5 17.7 31.9 Reported One Off MTM Loss Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 13 * One-Off Gain is towards Sale of Investments
Slide 14: Balance Sheet
Balance Sheet ASSETS (Rs. Crs.) 31-Mar-19 31-Mar-18 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-19 31-Mar-18 Non-current assets 747.2 685.9 Property, Plant and Equipment 279.6 275.5 EQUITY 1,059.2 970.0 Capital work-in-progress 39.3 20.1 Equity Share Capital 9.9 9.9 Investment Property 43.2 44.1 Other
Slide 15: Business Overview
15 Ni Business Overview ‘? PADMANABH MAFATLAL, GROUP
Slide 16: Company Overview
Company Overview Manufacturing plants strategically located closer to major ports Strong Clientele base in India & abroad, including Global Innovators Largest Integrated Specialty Fluorochemical Company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with high pres
Slide 17: Rising up Fluorine Value-Pyramid…
Rising up Fluorine Value-Pyramid… CRAMS ✓ Business progression from Contract research to contract manufacturing ✓ Manufacturing facility commercially operational Specialty Chemicals ✓ Introduction of new high value added molecules in portfolio ✓ Entry into newer geographies Inorganic Fluorides ✓ Int
Slide 18: … Growth driven by Every Business Unit
… Growth driven by Every Business Unit Commenced CRAMS Inorganic Fluorides & Refrigerants are Commenced Specialty business in 2011 traditional business since 1967 Chemicals in 2000 Inorganic Fluorides – Specialty Chemicals – FY19 – Revenue % CRAMS* – 20% Refrigerants – 30% 20% 30% Refrigerants (Incl
Slide 19: Key Strengths
Key Strengths ✓ State-of-the-art R&D centre – Navin Research Innovation ✓ Pioneered Manufacturing of Refrigerant Gases in India Centre at Surat ✓ Over 45 years of experience in handling Fluorine ✓ DSIR approved R&D Centre ✓ Extensive expertise focusing on specialty fluorine chemistry ✓ Supports in p
Slide 20: Clients across the Globe
e PADMANABH MAFATLAL, GROUP N Clients across the Globe g ; q syngenta (eS) Bayer CropScience 2. we ser ~— "Tussi Pa - i) Bayer Sa CLARIANT W Novartis HETERO AUROBINDO ‘Committed to Health Lite 20
Slide 21: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) FY19 FY18 Change % FY18* Net Revenue from Operations 995.9 857.0 16% 912.7 Raw Material 476.6 374.6 402.3 Employee Expenses 115.5 105.7 110.5 Other Expenses 185.5 171.4 184.9 Operating EBITDA 218.4 205.2 7% 215.0 Operating EBITDA Margin 21.
Slide 22: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs.) 31-Mar-19 31-Mar-18 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-19 31-Mar-18 Non-current assets 746.3 690.3 EQUITY 1,072.4 983.5 Property, Plant and Equipment 285.0 281.8 Capital work-in-progress 39.3 20.1 Equity Share Capital 9.9 9.9 Investment Property 56.
Slide 23: Return Ratios
Return Ratios Standalone Consolidated Particulars (Rs. Crs) FY19 FY18 FY19 FY18 Operating EBIT (excl. OI) 192 173 191 175 Shareholders Fund 1,059 970 1,072 983 Total Debt (Short term + Long Term + Current Maturities) - - 4 13 Total Cash & Cash Equivalents 459 462 487 492 Net Cash 459 462 483 479 Cap
Slide 24: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Special Dividend of ✓ Continuous Dividend over 10 years Special 150% Dividend of Final Special 75% + 390% ✓ Special Dividend of 600% on FV of Interim Dividend of 350% Rs. 10 in FY12 600% + 240% 200% ✓ Special Divided
Slide 25: Contact
Contact For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L24110MH1998PLC115499 CIN : U74140MH2010PTC204285 Mr. Ketan Sablok Ms. Payal Dave / Mr Jigar Kavaiya Chief Financial Officer 98199 1631
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