Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q2 FY22 Earnings Presentation
29 slides from Navin Fluorine International's earnings presentation, Oct 19, 2021
Slide 1: Cover letter to stock exchanges
October 19, 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, Sub.: Investor Presentation for Q2 of F
Slide 2: Investor Presentation – Q2 & H1 FY22
Navin Fluorine International Limited Investor Presentation – Q2 & H1 FY22 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: H1FY22 YoY Highlights
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 5: Q2FY22 YoY Highlights
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 6: Sustainable Performance in H1FY22
Sustainable Performance in H1FY22 (Rs. Crs) High Value Businesses Legacy Businesses Total Revenue +21% +30% +25% Sustainable growth momentum in High Value and 403 235 638 Legacy Businesses 332 180 512 H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Operating EBITDA Operating PBT Margin 28% 25% Margin 24%
Slide 7: Specialty and Inorganic record strong growth
Specialty and Inorganic record strong growth (Rs. Crs) High Value Businesses Legacy Businesses Total Revenue 201 200 204 114 120 308 314 324 Specialty Business continues to deliver strong 106 performance Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Operating EBITDA Operating PBT Ma
Slide 8: 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 7
Slide 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 15: Business Strategy
Business Strategy Growing responsibly
Slide 16: 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 17: Financial Performance
Financial Performance Growing responsibly
Slide 18: Standalone Profitability Statement
Standalone Profitability Statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Particulars (Rs. Crs.) Q2 FY22 Q2 FY21 Q1 FY22 H1FY22 H1FY21 % % % 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 19: 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 20: 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 21: 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 20 * One-Off Gain is towards Sale of Investments On Standalone basis
Slide 22: Consolidated Profitability Statement
Consolidated Profitability Statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Particulars (Rs. Crs.) Q2 FY22 Q2 FY21 Q1 FY22 H1FY22 H1FY21 % % % 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 23: 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 Right-of-use Assets
Slide 24: 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 25: NFIL at glance
NFIL at glance Growing responsibly
Slide 26: NFIL at glance
NFIL at glance 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 pressu
Slide 27: Our Capabilities
Our Capabilities Manufacturing Raw Material Sourcing In-house R&D Fluorination Capabilities • Chemical Complex at Surat • Backward integration for Raw • State-of-the-art R&D centre – • Pioneered Manufacturing spread over 135 acres, houses material through 25% JV Navin Research Innovation of Refriger
Slide 28: Our Delivery
Our Delivery Commenced Specialty Commenced CRAMS Inorganic Fluorides & Refrigerants are Chemicals in 2000 business in 2011 traditional business since 1967 Specialty Chemicals – Inorganic Fluorides – FY21 – Revenue % CRAMS – 24% Refrigerants – 18% 40% 18% Specialty Chemicals – Inorganic Fluorides – R
Slide 29: Thank You Note
Thank You Note 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 Mr. Jigar Kavaiya Chief Financial Officer +91 99206 02034 ket
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