Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (December 2021)
38 slides from Navin Fluorine International's investor presentation, Dec 6, 2021
Slide 1: Intimation of Analyst / Institutional Investor meeting
December 6, 2021 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 Stock Code: 532504 Stock Code: NAVINFLUOR EQ Dear Sir / Madam, Subject: Intimation of Schedule of Anal
Slide 2: Navin Fluorine International Limited Investor Presentation – November 2021
Navin Fluorine International Limited Investor Presentation – November 2021 Growing responsibly
Slide 3: 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 4: NFIL at glance
NFIL at glance Growing responsibly
Slide 5: NFIL at glance
NFIL at glance Manufacturing plants strategically located closer to major ports Strong Clientele base in India & abroad, including Global Innovators One of Largest Integrated Specialty Fluorochemical Company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with high
Slide 6: Integrated Business Model
Integrated Business Model • 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 • cGMP Compliant facility for CRAMS in
Slide 7: Our Delivery
Our Delivery Revenues (Rs. Crs) Revenue Contribution (%) FY2011 FY2021 1,208 Commenced Specialty Speciality Chemicals 27 % 40 % 10.60 % Chemicals in 2000 441 10Y CAGR Commenced CRAMS FY11 FY21 business in 2011 CRAMS 0% 24 % Net Profit (Rs. Crs) 299 Inorganic Fluorides 18 % 18 % 15.37 % Inorganic Flu
Slide 8: Capacity Expansion - High Performance Product (HPP)
Capacity Expansion - High Performance Product (HPP) Key Highlights Entered into a $410 million contract with a Global Company for manufacture and supply of a High-performance Product (HPP) in the fluorochemical space $410 Mn $61.5 Mn Project will be executed through wholly owned subsidiary Navin Flu
Slide 9: HPP Contract - Reinforcement of Trust
HPP Contract - Reinforcement of Trust Developed new capabilities by venturing into High Performance Product (HPP) Delivery on NFIL’s long term strategy with important steps in portfolio transformation Entered into seven-year contract of $410mn (i.e. approximately Rs. 2,800 crores) with a leading Glo
Slide 10: Capacity Expansion - Multi-Purpose Plant (MPP)
Capacity Expansion - Multi-Purpose Plant (MPP) 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 Expected peak by internal accruals annua
Slide 11: Multi year agreement - Agro-chemical fluoro-intermediate
Multi year agreement - Agro-chemical fluoro-intermediate Navin Fluorine signs Rs. 800 crores multi year agreement for supply of key agro-chemical fluoro-intermediate Rs. 800 crores 5 years Strengthen our Product Offerings Agreement Value Agreement Term Strengthen Customer Relationship Rs. 125 crores
Slide 12: Journey of Transformation continues…
Core Business Strategy 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 Business (CRAMS & - Moving into the
Slide 13: ESG represents the cornerstone of our business
ESG represents the cornerstone of our business Growing responsibly 12
Slide 14: Our Approach to Sustainability
Our Approach to Sustainability 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 impact on environment and nature Tr
Slide 15: Environmental Declarations
Environmental Declarations 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 environment approach has been of recover, reus
Slide 16: Social Programme
Social Programme 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, health, technical and soft Harmoniou
Slide 17: Governance Best Practice
Governance Best Practice Governance Programme Composition of Committees Out of three Members of Nomination Structured policies and processes and Remuneration Committee, two addressed investor grievances were Independent and one Non- Reported NO Executive; Defaults for repayments, creditors, Accept
Slide 18: Board of Directors
Diversity of thought and experience 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 years. He is an advocate and solicit
Slide 19: Balanced Board with Experience and Expertise
Balanced Board with Experience and Expertise Board Demographics meetings Board Independence during Highly FY2021 engaged 9 of 12 Directors Board 13 actively involved in NFIL’s 75% are Board Committee Independe strategic transformation nt 6 66 years median Board director's age Highly Experienced Boar
Slide 20: Deepen respect for contribution to Societal Goals
Deepen respect for contribution to Societal Goals CHILD DEVELOPMENT 5.68 Crores Total CSR expenditure for the year ended March 31,2021 NFIL collaborated with Salaam Balak Trust, an NGO addressing the needs of This includes Rs. 2 Crores to PM cares and excludes street children in Mumbai, covering chi
Slide 21: Sustainable Growth in Performance in H1FY22
Sustainable Growth in Performance in H1FY22 Growing responsibly 20
Slide 22: YoY Highlights H1FY22
H1FY22 – Sustainable Growth High Value Businesses Operating Revenue +25% Rs. 638 crores 332 403 +21% Operating EBITDA YoY Highlights +11% H1FY21 H1FY22 Rs. 162 crores H1FY22 Margin at 25% H1FY22 Revenue Contribution 63% Operating PBT +11% Contribution from Rs. 139 crores High Value Businesses Margin
Slide 23: YoY Highlights Q2FY22
Specialty and Inorganic record strong growth High Value Businesses Operating Revenue +5% Rs. 324 crores 201 204 +1% Operating EBITDA YoY Highlights -11% Q2FY21 Q2FY22 Rs. 84 crores Q2FY22 Margin at 26% Q2FY22 Revenue Contribution 63% Operating PBT -13% Contribution from Rs. 72 crores High Value Busi
Slide 24: Sustainable Performance in H1FY22
Sustainable Performance in H1FY22 (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue Margin 28% 25% +21% +30% +25% 403 235 638 +11% 332 512 162 180 146 H1FY21 H1FY22 Operating PBT H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Margin 24% 22% +11% Sustainable growth Legacy bu
Slide 25: Specialty and Inorganic record strong growth
Specialty and Inorganic record strong growth (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue Margin 30% 25% 26% 201 200 204 120 314 324 94 114 308 84 106 78 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Operating PBT Margin 27% 2
Slide 26: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues (Rs. Crs) H1FY22 Highlights +19% +28% 122 254 102 199 Business driven by growth in international sales Price hike initiated to offset high input costs Q2FY21 Q2FY22 H1FY21 H1FY22 Two new products launched 46% 54% H1FY22 India International 25
Slide 27: Business Vertical - CRAMS
Business Vertical - CRAMS Revenues (Rs. Crs) H1FY22 Highlights +12% -17% 99 149 82 133 Strong performance in H1 driven by repeat orders Q2FY21 Q2FY22 H1FY21 H1FY22 New customer development across Europe and US 0% Focus on expanding project pipeline and further diversifying H1FY22 customer base 100%
Slide 28: Business Vertical - Inorganic Fluorides
Business Vertical - Inorganic Fluorides Revenues (Rs. Crs) H1FY22 Highlights +33% +56% 65 120 49 77 Growth driven by improved demand in domestic market Q2FY21 Q2FY22 H1FY21 H1FY22 Good traction seen from end user segments 10% Optimized sales mix between Domestic & International market for better pro
Slide 29: Business Vertical - Refrigerant Business
Business Vertical - Refrigerant Business Revenues (Rs. Crs) H1FY22 Highlights -4% +11% 58 55 114 103 Domestic markets witnessed good volume growth Q2FY21 Q2FY22 H1FY21 H1FY22 Exports sales impacted due to higher logistics cost 40% Steady Non-emissive application sales H1FY22 60% India International
Slide 30: Financial Performance
Financial Performance Growing responsibly 29
Slide 31: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q2 FY22 Q2 FY21 Y-o-Y Change % Q1 FY22 Q-o-Q Change % H1FY22 H1FY21 Y-o-Y Change % Net Revenue from Operations 324.4 307.7 5% 313.9 3% 638.3 512.4 25% Raw Material 144.7 136.7 141.7 286.3 221.9 Employee Expenses 39.4 30.0 39.6 78.9 57.4 Other
Slide 32: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crs.) 30-Sept-21 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sept-21 31-Mar-21 Non-current assets 1,017.7 861.3 EQUITY 1,739.9 1,650.1 Property, Plant and Equipment 364.9 347.8 Equity Share Capital 9.9 9.9 Capital work-in-progress 29.6 36.5 Other Equity 1,730.
Slide 33: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (Rs Crs.) 30-Sep-21 30-Sep-20 (A) Cash flow from operating activities Profit before tax 155.1 169.6 Adjustments for noncash items 8.6 4.1 Operating profit before working capital changes 163.7 173.7 Working capital adjustments (18.1) (75.6) Cash flows generat
Slide 34: Other Income Built-up
Other Income Built-up Q2 FY22 (Rs. Crs) Q2 FY21 (Rs. Crs) 8.5 8.8 0.0 -0.2 -1.1 7.4 -2.5 6.1 Reported One Off Gain MTM Gain Adjusted Reported One Off Gain MTM Gain Adjusted Other Income Other Income Other Income other income * One-Off Gain is towards Sale of Investments On Standalone basis 33
Slide 35: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q2 FY22 Q2 FY21 Y-o-Y Change % Q1 FY22 Q-o-Q Change % H1FY22 H1FY21 Y-o-Y Change % Net Revenue from Operations 339.0 318.9 6% 326.5 4% 665.5 533.9 25% Raw Material 152.4 143.2 148.4 300.7 234.2 Employee Expenses 43.6 34.0 43.8 87.4 68.6 Oth
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs.) 30-Sep-21 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-21 31-Mar-21 Non-current assets 962.2 702.8 EQUITY 1,724.1 1,633.9 Property, Plant and Equipment 392.2 375.9 Equity Share Capital 9.9 9.9 Capital work-in-progress 333.4 94.9 Other Equity 1,714.1
Slide 37: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Special Dividend 550% 550% Continuous Dividend over 12 years Final of 150% Interim + Special Dividend of 600% on FV of Special 150% Dividend Rs. 10 in FY12 of 75% 390% 300% + 350% Special Divided of 75% on FV of
Slide 38: 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 payal.dave@linkintime.co.in Chief Financial Officer +91 98199 16314
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