NOCIL Limited · NSE:NOCIL
NOCIL — Investor Presentation (May 2017)
27 slides from NOCIL's investor presentation, May 2017
Slide 1: Investor Presentation May 2017
Investor Presentation May 2017
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by NOCIL Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and
Slide 3: Financial Highlights
Financial Highlights
Slide 4: Financial Highlights – FY17
Financial Highlights – FY17 Operating Revenue EBITDA +3.8% +14.5% 715 742 158 138 FY16 FY17 FY16 FY17 PBT PAT +27.6% +29.1% 151 100 118 78 FY16 FY17* FY16 FY17* Rs. In Crores * Excl. exceptional gain of Rs.19.7crs 4
Slide 5: Margin Profile – FY17
Margin Profile – FY17 Value Addition* EBITDA Margin + 190 bps + 200 bps 49.7% 51.6% 21.3% 19.3% FY16 FY17 FY16 FY17 PBT Margin PAT Margin + 380 bps + 260 bps 20.3% 13.5% 16.5% 10.9% FY16 FY17** FY16 FY17** * Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventorie
Slide 6: Financial Highlights – Q4 FY17
Financial Highlights –Q4 FY17 Operating Revenue EBITDA +7.4% +8.8% 178 191 41 38 Q4FY16 Q4FY17 Q4FY16 Q4FY17 PBT PAT +17.7% +13.0% 39 25 33 23 Q4FY16 Q4FY17 Q4FY16 Q4FY17 Rs. In Crores 6
Slide 7: Margin Profile – Q4 FY17
Margin Profile – Q4 FY17 Value Addition* EBITDA Margin - 340 bps + 30 bps 52.6% 49.2% 21.1% 21.4% Q4FY16 Q4FY17 Q4FY16 Q4FY17 PBT Margin PAT Margin + 170 bps + 60 bps 20.2% 12.7% 13.3% 18.5% Q4FY16 Q4FY17 Q4FY16 Q4FY17 * Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change
Slide 8: Improved Ratios
Improved Ratios ROE (%) ROA (%) + 30 bps + 130 bps 16.6% 16.9% 12.8% 11.5% Mar-16 Mar-17* Mar-16 Mar-17* Working Capital (Days) Interest Coverage (x) 136 68.9 110 13.7 Mar-16 Mar-17 Mar-16 Mar-17 * Excl. exceptional gain of Rs.19.7crs 8
Slide 9: Company Overview
vino Maniac NOCIL LIMITE -4- Company Overview 4 A
Slide 10: NOCIL in a Snapshot
NOCIL in a Snapshot Part of Arvind Mafatlal Group Largest Rubber Chemicals Manufacturer in India Expertise in Rubber Chemical Business over 4 decades State of the Art, Innovative, Sustainable & Competitive Technologies Wide range of Rubber Chemicals to suit customer needs Long Term Business Relation
Slide 11: Management Team
Management Team Mr. Hrishikesh . A. Mafatlal – Promoter & Chairman Mr. C. R. Gupte - Managing Director • Chairman and Promoter Director of NOCIL Ltd • Graduate in Chemistry and a Chartered Accountant • B.Com. (Hons.) & has attended the Advanced Management Programme at • Heading the Rubber Chemicals
Slide 12: Manufacturing facilities
Manufacturing facilities Navi Mumbai Plant Dahej Plant Set up in 1976 Commercialized operation in March 2013 Located in Trans-Thane Creek industrial area at Navi Located about 45 kms from Bharuch, Gujarat Mumbai, Thane - Belapur’s industrial zone designated for the chemical Industry, about 40 kms aw
Slide 13: Products & their Usage
Products & their Usage ACCELERATORS Increase the speed of vulcanization to improve productivity ANTI-DEGRADANTS An anti-degradant is an ingredient in rubber compounds which deters the ageing of rubber products thereby enhancing service life ANTI-OXIDANTS Chemical compound that inhibits degradation d
Slide 14: Our Value Proposition
Our Value Proposition Products & Product Forms R & D and Quality Assurance ▪ Experienced, capable & innovative ▪ Wide Range of Rubber Chemical Products team ▪ Varied Product Forms of R & D scientists. ▪ Ultra Modern Laboratories & Pilot 1 Plant Facilities ▪ Latest Analytical Instruments 3 2 Sales, M
Slide 15: R&D and Total Quality Management
R&D and Total Quality Management Research & Technology Quality Assurance Certifications Development ▪ NOCIL’s Research Centre is ▪ Quality Management ▪ ISO 9001:2008 recognized by Ministry of Science System with a focus on and Technology, Government of Quality of Raw materials, ▪ ISO 14001:2004 Indi
Slide 16: Industry Potential
Industry Potential Our Positioning
Slide 17: Positive Outlook: Global Rubber Consumption
Positive Outlook Global Rubber Consumption (Natural + Synthetic) Million MT +2% 26 27 27 25 25 26 24 2010 2011 2012 2013 2014 2015 2016 Rubber Chemicals constitute ~3% - ~4% of the Rubber Consumption Source : Rubber Statistical Bulletin, January - March 2017 edition 17
Slide 18: Growth Drivers
Growth Drivers 01 Global demand for rubber processing chemicals forecasted to increase by 50% to 1.5 million MT in next 3-5 years High performance tyres & extended life, Automotive & Industrial 02 products will increase rubber processing chemical loadings Increased environmental compliance in China
Slide 19: FUTURE Ready
FUTURE Ready
Slide 20: Dahej Plant – A Game Changer
Dahej Plant – A Game Changer ✓ Strong R&D Capabilities ✓ It is a zero wastage plant, resulting in significant cost reduction • Process R&D : Significant reduction in cost ✓ Strong position in High-value added products of production ✓ Operating Leverage playing out • Product R&D : Strong pipeline of
Slide 21: CAPEX
CAPEX ✓ To capitalize on growth opportunities, our Company has recently planned Capex of Rs. 170 crores ✓ The Capex is expected to be commissioned by Quarter 2 of FY19 ✓ Expansion will significantly augment and complete the current product portfolio ✓ The capital expenditure will be largely funded b
Slide 22: Key Strengths
Key Strengths Dependable & Quality Wide Experienced Player in Product Management Rubber Range Team Chemicals Industry New Committed capacity plans for addition in Strong future Rubber Customer growth Chemicals Relationships with good Technical Support 22
Slide 23: Financials
Wh ARVIND MAFATLAL GRouP NOCIL LIMITED Financials
Slide 24: Statement of Profit & Loss
Statement of Profit & Loss Particulars (Rs. In Crores) Q4 FY17 Q4 FY16 Y-o-Y Q3 FY17 Q-o-Q FY17 FY16 Y-o-Y Revenue from Operations 191 178 7.4% 177 7.6% 742 715 3.8% Cost of Material Consumed 87 73 73 330 312 Purchase of Stock-in-trade 1 1 1 3 3 Changes in Inventories 10 11 10 26 44 Value Addition*
Slide 25: Balance Sheet
Balance Sheet Particulars (Rs. In Crores) Mar-17 Mar-16 Particulars (Rs. In Crores) Mar-17 Mar-16 Shareholder’s Fund 594 468 Non-current assets 376 374 Share capital 164 161 Fixed assets (inc. CWIP) 291 296 Reserves & Surplus 430 307 Non-current liabilities 71 79 Non-current Investments 67 47 Long t
Slide 26: Consistent Dividend Record
Consistent Dividend Record 40.0 35.5 35.0 30.0 25.0 23.2 19.4 20.0 15.0 11.3 11.3 11.2 11.2 11.3 11.3 10.0 5.0 0.0 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dividend(Rs. Crs) *Dividend includes Dividend Tax paid 26
Slide 27: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : NOCIL Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L99999MH1961PLC012003 CIN: U74140MH2010PTC204285 Mr. P. Srinivasan - CFO Ms. Payal Dave / Ms. Neha Shroff finance@nocil.com payal.dave@sgapl.net / neha.shroff@sgapl.ne