Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q2 FY24 Earnings Presentation
25 slides from Navneet Education's earnings presentation, November 2023
Slide 1: Building on a Strong Foundation
BUILDING ON NAVNEET EDUCATION LIMITED Investor Presentation A STRONG November 2023 FOUNDATION
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navneet Education 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 se
Slide 3: Navneet Education Limited - A Panoramic View
Navneet Education Limited - A Panoramic View Navneet Education Limited is a leading educational syllabus-based provider that offers high-quality content across both print and digital mediums. With over 60 years of experience as an educational publisher and stationery manufacturer, the Company enjoys
Slide 4: Management Commentary – Q2 FY24
MANAGEMENT COMMENTARY – Q2 FY24 Performance Highlights, Mr. Gnanesh (Sunil) Gala, Managing Director: “During the second quarter, there was a 20% decline in revenues, primarily attributed to our publication business. Despite our initial growth expectations, our standalone publication business encount
Slide 5: Product Offerings
PRODUCT OFFERINGS Navneet Education Limited Content Stationery Supplementary CBSE Non-Curriculum Curriculum Books* Books Paper Non-Paper Textbooks* (Maharashtra & (PAN India) (PAN-India & Stationery Stationery Gujarat) Exports) *Also Includes Digital Content Exports PAN-India PAN-India (USA, Europe,
Slide 6: Domestic Presence – Publication & Stationery Business
DOMESTIC PRESENCE – PUBLICATION & STATIONERY BUSINESS Supplementary Books : Maharashtra & Gujarat Text-Books : Pan India & Sri Lanka* Stationery : Pan India Digital Presence • Maharashtra • Andhra Pradesh • Karnataka • Chhattisgarh Note: Maps not to scale. All data, information, and maps are provide
Slide 7: Prominent Supplier of Scholastic & Office Stationery Products
PROMINENT SUPPLIER OF SCHOLASTIC & OFFICE STATIONERY PRODUCTS Our portfolio encompasses an array of stationery products catering to academic and non-academic endeavors, including global exports. Through our unique offerings, we establish and reinforce our brand’s essence within the educational lands
Slide 8: Building a Strong Global Presence
BUILDING A STRONG GLOBAL PRESENCE H1 FY24 - Revenue Breakup of Stationery Business 10 11 9 35% 1 12 14 13 2 15 16 65% 3 7 25 4 6 5 29 18 17 8 30 31 26 28 19 27 Export Domestic 20 21 22 Export to 30+ countries globally 23 • Canada • Ireland • Ethiopia • U.A.E. 24 • USA • Norway • Kenya • Trinidad & T
Slide 9: State of the Art Manufacturing Facilities
STATE OF THE ART MANUFACTURING FACILITIES Achieving lean and efficient manufacturing to drive transition • The Company has always been ahead of the curve in its pursuit of operational excellence. Sayali Village, Silvassa, • Manufacturing capital for the Company is using its assets to effectively pro
Slide 10: Standalone & Consolidated Financial Highlights
Standalone & Consolidated Financial Highlights Q2 & H1 FY24
Slide 11: Standalone Performance Highlights – Q2 FY24
STANDALONE PERFORMANCE HIGHLIGHTS – Q2 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 51.9 31.7 326.2 29.4 261.1 15.7 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 EBITDA Margin Profit After Tax 15.9% 11.3% 9.7% 6.0% Q2 FY23 Q2 FY24 Q2 FY23 Q2
Slide 12: Standalone Performance Highlights – H1 FY24
STANDALONE PERFORMANCE HIGHLIGHTS – H1 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 1,046.1 258.8 181.5 187.3 1,008.9 238.6 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 EBITDA Margin Profit After Tax 24.6% 18.0% 17.9% 21.8% H1 FY23 H1 FY24
Slide 13: Standalone Segment Performance Highlights
STANDALONE SEGMENT PERFORMANCE HIGHLIGHTS Stationery Revenue - Domestic Stationery Revenue - Exports Publications Revenue (Rs. In Crores) (Rs. In Crores) (Rs. In Crores) 133.1 46.8 46.2 145.7 143.7 Q2 FY24 69.6 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Stationery Revenue - Domestic Stationery
Slide 14: Standalone Profit & Loss Account – Q2 FY24
STANDALONE PROFIT & LOSS ACCOUNT – Q2 FY24 Profit and Loss (in Rs. Crs) Q2FY24 Q2FY23 YoY H1FY24 H1FY23 YoY Revenue from Operations 261.1 326.2 -19.9% 1,046.1 1,008.9 +3.7% Cost of Goods Sold 150.7 190.8 600.7 565.1 Employee Cost 49.6 38.7 99.4 82.3 Other Expenses 45.2 44.7 107.4 102.8 EBITDA 15.7 5
Slide 15: Standalone Balance Sheet Statement
Standalone Balance Sheet Statement Assets (in Rs. Crs) Sep-23 Mar-23 Equity & Liabilities (in Rs. Crs) Sep-23 Mar-23 Non - Current Assets 816.7 762.2 Total Equity 1,482.4 1,352.6 Property Plant & Equipments 174.2 161.5 Share Capital 45.2 45.2 CWIP 6.4 0.7 Investment property 13.9 14.3 Reserves & Sur
Slide 16: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs. Crs) Sep-23 Sep-22 Net Profit Before Tax 248.9 245.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items -5.7 17.9 Operating profit before working capital changes 243.2 263.2 Changes in working capital 179.8 20.6 Cash generated from
Slide 17: Working Capital Cycle
WORKING CAPITAL CYCLE 114 111 107 104 96 91 91 92 93 86 84 82 72 57 52 54 49 40 June'22 Sep'22 Dec'22 Mar'23 June'23 Sep'23 Receivable Days FG Inventory Days RM Inventory Days Note: on TTM basis 17
Slide 18: Consolidated Performance Highlights – Q2 FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – Q2 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 32.6 35.6 329.8 265.8 -4.3 -2.2 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 EBITDA Margin Profit After Tax 9.9% 13.4% -1.6% -0.7% Q2 FY23 Q2 FY24 Q2 FY23
Slide 19: Consolidated Performance Highlights – H1 FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – H1 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 1,057.2 227.9 180.5 1,023.5 204.6 150.1 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 EBITDA Margin Profit After Tax 22.3% 17.1% 19.4% 14.7% H1 FY23 H1 FY2
Slide 20: Consolidated Profit & Loss Account – H1 FY24
CONSOLIDATED PROFIT & LOSS ACCOUNT – H1 FY24$ Revenue from Operations (Rs. In Crores) EBITDA* (Rs. In Crores) PAT (Rs. In Crores) Particulars H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 NEL 1,046.1 1,008.9 245.2 267.3 187.3 181.5 NFL (eSense) 9.0 6.6 -10.2 -15.9 -18.0 -19.6 Indiannica 4.1 8.7 -13.9 -1
Slide 21: Consolidated Balance Sheet Statement
COSOLIDATED BALANCE SHEET STATEMENT Assets (in Rs. Crs) Sep-23 Mar-23 Equity & Liabilities (in Rs. Crs) Sep-23 Mar-23 Non - Current Assets 678.1 602.0 Total Equity 1,273.4 1,150.3 Property Plant & Equipments 189.1 176.9 Share Capital 45.2 45.2 CWIP 6.4 0.7 Investment property 0.0 0.0 Reserves & Surp
Slide 22: Consolidated Cash Flow Statement
CONSOLIDATED CASH FLOW STATEMENT Particulars (Rs. Crs) Sep-23 Sep-22 Net Profit Before Tax 250.8 214.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items -41.2 16.7 Operating profit before working capital changes 209.6 230.7 Changes in working capital 197.0 -0.5 Cash generated fr
Slide 23: Investments by Navneet Group
Investments by Navneet Group • K12 Techno Services • SFA Sporting Services • Carveniche Technologies • Elation Edtech
Slide 24: Investments by Navneet Group
INVESTMENTS BY NAVNEET GROUP Link to Company’s Website – Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here The K12 education model provides elementary Fully integrated digital plus on-ground multi- education to students fr
Slide 25: Contact Information
Contact Information Company : Navneet Education Limited CIN: L22200MH1984PLC034055 Mr. Roomy Mistry – Investor Relations E: investors@navneet.com T: +91 9819958878 www.navneet.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Abhishek Shah / Mr. Prat