National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q2 FY2018-19 Earnings Presentation
78 slides from National Fertilizers's earnings presentation, 2018
Slide 1: Financial Performance for the Quarter / Half Year September-2018
FINANCIAL PERFORMANCE FOR THE QUARTER / HALF YEAR SEPTEMBER-2018
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 30.09.2018. Authorized capital : ₹ 1,000.00 crore. Paid up capital : ₹ 490.58 crore. Net-worth : ₹ 2,028.95 crore. Shareholding Pattern as on 30.09.2018: Government of India 74.71% Financial inst
Slide 3: Brief on Plants and Trading Activities
BRIEF ON PLANTS AND TRADING ACTIVITIES UREA Vijaipur-II Vijaipur-I Bathinda Panipat Nangal ANNUAL CAPACITY (Lakhs Metric Ton) – 8.646 8.646 5.115 5.115 4.785 32.31 LMT (Revised Assessed Capacity) Annual Capacity after Urea Capacity 10.662 9.999 5.115 5.115 4.785 Enhancement Projects at Vijaipur-I &
Slide 4: Brief on Plants and Trading Activities
BRIEF ON PLANTS AND TRADING ACTIVITIES Manufacturing:- (Industrial Products, Bio-Fertilizers , Technical Surplus Traded Goods : Ammonia) etc. : Domestic Fertilizers Sr. Plant Located at No. of Annual Capacity 1. Compost streams of each stream 2. Seeds (MT) 3. Agro-chemicals (25 molecules) 1. Nitric
Slide 5: Performance Highlights FY 2017-18
PERFORMANCE HIGHLIGHTS FY 2017-18 Ever best achievements during the FY 2017-18 1. Production of Urea: 38.10 LMT 2. Sale of Urea: 39.16 LMT 3. Import of DAP/MOP/APS/NPK/BS: 4.59 LMT 4. Sale of DAP/MOP/APS/NPK/BS/Compost: 3.93 LMT 5. Sale of all fertilizers: 43.09 LMT 6. Turnover of ₹ 8928.29 crore
Slide 6: Production of Urea (Preceding Years)
Production of Urea (Preceding 3 Years) (Qty. in LMT) Production of Urea Units 2015-16 2016-17 2017-18 NANGAL 5.47 5.02 5.43 PANIPAT 5.67 5.43 5.60 BATHINDA 5.48 5.68 5.63 VIJAIPUR- I 9.92 10.58 10.50 VIJAIPUR-II 11.44 11.39 10.95 TOTAL 37.99 38.10054 38.10250 Capacity utilization w.r.t. RAC (urea %)
Slide 7: Performance Highlights FY 2017-18
PERFORMANCE HIGHLIGHTS FY 2017-18 Increased non urea business from 1% in 2014-15 to 15% in 2017-18. Import of fertilizers like DAP, MOP, NPK, APS, BS to the tune of 4.47 LMT in comparison to 2.17 LMT in CPLY (increase of 106% over previous year) Sale of 3.82 LMT Imported fertilizers for ₹ 1102
Slide 8: Financial Performance at a Glance (Preceding Years)
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 3 Years) (₹crore) SL .No. Particulars 2015-16 2016-17 2017-18 1 Production (Urea) (LMT) 37.99 38.10054 38.10250 2 Capacity Utilization w.r.t. RAC (Urea %) 117.60 117.90 117.94 3 Sale of Urea (LMT) 36.41 37.58 39.16 4 Sale of Other Fertilizers (LMT) 0.52 2
Slide 9: Financial Performance at a Glance (Preceding Years)
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 3 Years) (₹crore) Particulars 2015-16 2016-17 2017-18 SL .No. 17 Net Fixed Assets 4291 4109 4144 18 Working Capital 1487 1424 735 19 Long Term Borrowings 1828 981 170 20 Short Term Borrowings 4296 3154 2890 21 Net Worth 1691 1827 1987 22 Return on Average
Slide 10: Sale Quantity (Preceding Years)
SALE QUANTITY (Preceding 3 Years) SL .No. Particulars 2015-16 2016-17 2017-18 1 Sale of Urea (LMT) 36.41 37.58 39.16 2a Sale of Traded Goods:- (Fertilizers) DAP (LMT) 0.51 2.14 3.28 MOP (LMT) - - 0.27 APS (LMT) - - 0.26 BS (LMT) 0.01 0.03 - Compost (LMT) - 0.03 0.12 Total (2a) 0.52 2.20 3.93 Sale of
Slide 11: Performance for the Quarter September-2018
PERFORMANCE FOR THE QUARTER SEPTEMBER-2018 11
Slide 12: Performance Highlights for the Qtr. Ended 30/09/18
PERFORMANCE HIGHLIGHTS FOR THE QTR. ENDED 30/09/18 Production of urea of 9.71 LMT (9.27 LMT during CPLY) Sale of urea 10.45 LMT (10.06 LMT during CPLY) Everbest sale of DAP/MOP/APS/NPK/Compost of 1.89 LMT (0.85 LMT during CPLY) Sale of all fertilizers of 12.34 LMT (10.91 LMT during CPLY) T
Slide 13: Overall Performance
OVERALL PERFORMANCE ₹Crore Particulars Qtr. Qtr. Increase/(decrease) Sept. 2018 Sept. ₹ Crore % 2017 Total Revenue From Operation (All Products) 3237.74 2139.88 1097.86 51% Total Expenses 3026.25 1968.13 1058.12 54% Earnings before interest, depreciation and 211.49 171.75 39.74 23% tax Add : Other I
Slide 14: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars Qtr. Qtr. Increase/(decrease) Sept 2018 Sept 2017 LMT % Urea Production 9.71 9.27 0.44 5 Urea Sale 10.45 10.06 0.39 4 DAP/ MOP/APS/ NPK/BS 1.90 1.90 - - Purchase DAP/ MOP/APS/NPK/BS Sale 1.83 0.85 0.98 115 Compost Purchase 0.06 0.02 0.4 200 Compost Sale 0.
Slide 15: Sale (Qty. & Value of Urea, Other Fertilizer and Other Product)
SALE (Qty. & Value Of Urea, Other Fertilizer And Other Product) ₹Crore Particulars Qtr. Qtr. Increase/(decrease) Sept. 2018 Sept. 2017 ₹ Crore % Sale quantity of urea (LMT) 10.45 10.06 0.39 4 Sale quantity of DAP/MOP/NPK 1.89 0.85 1.04 122 /COMPOST (LMT) Gross Sales of urea (including 2538.80 1846.6
Slide 16: Sale Break up of Other Fertilizers & Other Products
Sale Break up of (Other Fertilizers & Other products) Traded goods (Qty. and Value) Qtr. Sept. 2018 Qtr. Sept. 2017 Increase/ Qty. Inc./ Particulars Value (₹ Value (₹ (Decrease) with (Dec.)with Qty. Qty. CPLY (₹Crore) CPLY% Crore) Crore) Other Fertilizers DAP (LMT) 1.41 512.01 0.68 216.15 295.86 107
Slide 17: Sale Break up of Industrial & Other Products
Sale Break up of Industrial & Other Products (Qty. & Value) Qtr. Sept. 2018 Qtr. Sept. 2017 Qty. Increase/ Inc./ (Dec.) Particulars Value Value (Decrease) with Qty. Qty. with CPLY (₹Crore) (₹Crore) CPLY(₹ Crore) % Nitric Acid (MT) 19032 36.49 14751 21.61 14.88 29 Ammonium Nitrate (MT) 3027 7.26 1531
Slide 18: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LAKH MT) Zonal Offices Qtr. Qtr. Increase/ Sept. 2018 Sept. 2017 (Decrease) Chandigarh 4.41 3.51 0.90 Bhopal 3.27 3.20 0.07 Lucknow 2.77 3.35 (0.58) TOTAL 10.45 10.06 0.39 Sale of urea at Lucknow zone is lower in comparison to CPLY due to lower availability of stock in fi
Slide 19: Sale Growth in Qtr. September 2018
Sale Growth in Qtr. September 2018 ₹ 3223.66 crore (Qtr. Sept. 2018) (51%) ₹ 2132.71 crore (Qtr. Sept. 2017) 19
Slide 20: Sale Breakup All Fertilizers
Sale Breakup All Fertilizers (% sale) Qtr-Sept-2018 Qtr-Sept-2017 Bio Bio NPK Fertilizers Compost Fertilizers Compost APS 2.00% 0.02% 0.01% NPK 0.08% 0.01% 1.73% 0.00% Bentonite APS Bentonite Sulphur 0.85% MOP Sulphur 0.00% 0.00% 0.01% MOP 0.96% DAP DAP 10.29% 16.14% Urea 80.04% Urea 87.87% LMT 12.3
Slide 21: Sale Breakup of All Fertilizers + Agri Business vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale Qtr-Sept-2018 Qtr. Sept. 2017 All Fertilizers + All Fertilizers + 1.47% Agri Related Agri Related 1.37% Business Business IP (Including Technical Surplus IP (Including Ammonia & Technical Surplus 98.63% 98.53% Carbo
Slide 22: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others (Value & % Sale ) Qtr. Sept 2018 Qtr. Sept 2017 Fertilizer Other Fertilizer Other Trading, Products, Trading, Products, ₹632.67 ₹ 51.55 ₹254.63 ₹ 31.17 crore, crore, crore, crore, 19.63% 1.60% 11.94% 1.46% Own Own Fertilizers, F
Slide 23: Urea Sales Quantity & Value
Urea Sales Quantity & Value Quantity Value 9.71 LMT ₹ 2538.80 crore (Qtr. Sept. 2018) (Qtr. Sept. 2018) (5 %) (37%) 9.27 LMT ₹ 1846.65 crore (Qtr. Sept. 2017) (Qtr. Sept. 2017) 23
Slide 24: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 1.89 LMT ₹ 632.67 crore (Qtr. Sept 2018) (Qtr. Sept. 2018) (148%) (122%) 0.85 LMT ₹ 254.63 crore (Qtr. Sept. 2017) (Qtr. Sept. 2017) 24
Slide 25: Sale Quantity & Value of Industrial Products & Other Products
Sale Quantity & Value of Industrial Products & Other Products 0.25 LMT ₹ 48.10 crore (Qtr. Sept. 2018) (Qtr. Sept. 2018) (48.40 %) (63%) 0.17 LMT ₹ 29.56 crore (Qtr. Sept. 2017) (Qtr. Sept. 2017) 25
Slide 26: Sale of Agro chemicals (KG/Ltr.)
Sale of Agro chemicals (KG/Ltr.) Agro chemicals 300000 283552 250000 Quantity in KG/Ltrs 200000 150000 94648 100000 50000 0 Qtr. Sept 2017 Qtr. Sept 2018 26
Slide 27: Details of Expenses for the Quarter September-2018
DETAILS OF EXPENSES FOR THE QUARTER SEPTEMBER-2018 27
Slide 28: Details of Expenses for Qtr. Sept 18
Details of Expenses for Qtr. Sept 18 Particulars Qr. Sept. Qr.Sept. Increase/ Remarks 18 17 (Decrease) Production of urea (LMT) 9.71 9.27 0.44 Sale of urea (LMT) 10.45 10.06 0.39 (₹ Crore) (₹ Crore) (₹ Crore) Cost of Materials Due to increase in average price of gas to 1184.60 753.95 430.65 consumed
Slide 29: Purchase of Traded Goods (Qty. and Value)
Purchase of Traded goods (Qty. and Value) Particulars Qr. Sept. 18 Qr. Sept. 17 Increase/ (Decrease) Qty. Value Qty. Value Qty. (₹ Crore) (₹Crore) (₹ Crore) DAP (IMP) (LMT) 1.90 595.78 1.90 448.55 - 147.23 Bentonite Sulphur - - - 0.03* - (0.03) (IMP) (LMT) Compost (LMT) 0.06 2.16 0.02 0.48 0.04 1.68
Slide 30: Purchase Value and Quantity of Traded Goods
Purchase Value and Quantity of Traded Goods Quantity Value 1.96 LMT ₹ 597.94 crore (Qr. Sept. 18) (Qr. Sept. 18) (2%) (33%) 1.92 LMT ₹ 449.06 crore (Qr. Sept. 17) (Qr. Sept. 17) 30
Slide 31: Production, On Stream Days & Energy Consumption for the Quarter
PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE QUARTER SEPTEMBER-2018 31
Slide 32: Urea Production (Quarterly)
UREA PRODUCTION (Quarterly) Lakh MT July-Sept. 2018 July-Sept. 2017 Variance with CPLY Unit Actual Actual 1.47 1.49 (0.02) Nangal 1.31 1.48 (1.17) Panipat 1.45 1.39 0.06 Bathinda 2.61 2.73 (0.12) Vijaipur I 2.87 2.18 0.69 Vijaipur II 9.71 9.27 0.44 Total Production of urea during the quarter was h
Slide 33: Production of Urea in 2nd Quarter in Preceding Years
Production of Urea in 2nd Quarter in Preceeding 3 years (Qty. in LMT) Production of Urea for the 2nd Quarter (July to sept) 2015-16 2016-17 2017-18 2018-19 Units Q2 Q2 Q2 Q2 NANGAL 1.44 1.33 1.49 1.46 PANIPAT 1.47 1.32 1.48 1.31 BATHINDA 1.51 1.42 1.39 1.45 VIJAIPUR- I 2.38 2.74 2.73 2.61 VIJAIPUR-I
Slide 34: On-Stream Days (2nd Quarter)
On-Stream Days (for the 2nd Quarter in Preceding 3 Years) (No. of Days) Stream Days for the 2nd Quarter (July to sept) 2015-16 2016-17 2017-18 2018-19 Units Q2 Q2 Q2 Q2 NANGAL 89 92 79 89 PANIPAT 89 92 86 81 BATHINDA 92 91 89 90 VIJAIPUR- I 80 91 84 87 VIJAIPUR-II 92 89 91 88 34
Slide 35: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms for Actual Energy Units 2018-19* Jul-Sept 2018 Jul-Sept 2017 Nangal 7.083 6.607 6.696 Panipat 7.592 6.682 6.775 Bathinda 7.459 6.708 6.938 Vijaipur I 5.896 5.992 5.748 Vijaipur II 5.500 5.384 5.404 *Energy norms after considering 2% penalty
Slide 36: Analysis of Finance Cost
Analysis of Finance Cost 36
Slide 37: Break Up of Total Finance Cost for Qtr. September 2018
BREAK UP OF TOTAL FINANCE COST FOR Qtr. SEPTEMBER 2018 ₹ Crore Particulars Qtr. Sept. 2018 Qtr. Sept. Increase/ 2017 (Decrease) Interest on Long Term Loans 2.14 1.95 0.19 Interest on working capital Loans 62.99 39.27 23.72 (excluding interest on trading activities) Other borrowing costs (CP related
Slide 38: Analysis of Interest Cost on Working Capital Loans
ANALYSIS OF INTEREST COST ON WORKING CAPITAL LOANS ₹ Crore Particulars Amount ₹ crore Interest on working capital loans in Qr. Sep 18 76.92 (₹ 62.99 crore (Urea) + ₹ 13.93 crore (Trading activities)) Interest on working capital loans in Qr. Sep 17 49.89 (₹ 39.27 crore (Urea) + ₹ 10.62 crore (Trading
Slide 39: Performance for the Half Year September-2018
PERFORMANCE FOR THE HALF YEAR SEPTEMBER-2018 39
Slide 40: Performance Highlights
PERFORMANCE HIGHLIGHTS Production of urea of 18.83 LMT (18.67 LMT during CPLY) Sale of urea 19.01 LMT (19.71LMT during CPLY) Sale of DAP/MOP/APS/NPK/Compost of 2.48 LMT (1.06 LMT during CPLY) Sale of all fertilizers of 21.49 LMT (20.77 LMT during CPLY) Total Revenue From Operation of ₹ 540
Slide 41: Overall Performance
OVERALL PERFORMANCE ₹Crore Particulars HY HY Increase/(decrease) Sept. 2018 Sept. ₹ Crore % 2017 Total Revenue From Operation (All Products) 5405.10 4016.16 1388.94 35 Total Expenses 5046.82 3752.57 1294.25 34 Earnings before interest, depreciation and 358.28 263.59 94.69 36 tax Add : Other Income 2
Slide 42: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars HY HY Increase/(decrease) Sept 2018 Sept. 2017 LMT % Urea Production 18.83 18.67 0.16 1 Urea Sale 19.01 19.71 (0.70) (4) DAP/ MOP/APS/ NPK/BS 4.01 3.42 0.59 17 Purchase DAP/ MOP/APS/NPK/BS Sale 2.37 1.04 1.33 128 Compost Purchase 0.12 0.04 0.08 200 Compost
Slide 43: Sale (Qty. & Value)
SALE (QTY. & VALUE) ₹ Crore Particulars HY HY Increase/(decrease) Sept. 2018 Sept. 2017 ₹ Crore % Sale quantity of urea (LMT) 19.01 19.71 (0.70) (4) Sale quantity of DAP/MOP/NPK 2.48 1.06 1.42 134 /COMPOST (LMT) Gross Sales of urea 4453.77 3610.13 843.64 23 (including subsidy) Sale of other products
Slide 44: Sale Break up of Other Fertilizers & Other Product
Sale Break up of (Other Fertilizers & Other Product) Traded goods (Qty. and Value) HY Sept. 2018 HY Sept. 2017 Increase/ Qty. Inc./ Particulars Value Value (₹ (Decrease) with (Dec.)with Qty. Qty. CPLY (₹Crore) CPLY% (₹ Crore) Crore) Other Fertilizers DAP (LMT) 1.85 667.76 0.84 265.21 402.55 120 MOP
Slide 45: Sale Break up of Industrial & Other Products
Sale Break up of Industrial & Other Products (Qty. & Value) Qtr. Sept. 2018 HY Sept. 2017 Qty. Increase/ (Decrease) Inc./ (Dec.) Particulars Value Value with CPLY Qty. Qty. with CPLY(₹ Crore) (₹Crore) (₹Crore) % Nitric Acid (MT) 35223 76.25 32625 58.15 18.10 8 Ammonium Nitrate (MT) 5842 13.89 4024 8
Slide 46: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LAKH MT) Zonal Offices HY Increase/ Sept. 2018 HY Sept. 2017 (Decrease) Chandigarh 8.28 8.12 0.16 Bhopal 5.80 5.47 0.33 Lucknow 4.93 6.12 (1.19) TOTAL 19.01 19.71 (0.70) Sale of urea at Lucknow zone is lower in comparison to CPLY due to lower availability of stock in fiel
Slide 47: Sale Growth in HY September 2018
Sale Growth in HY September 2018 ₹ 5382.16 crore (HY Sept. 2018) (34 %) ₹ 4003.58 crore (HY Sept. 2017) 47
Slide 48: Sale Breakup All Fertilizers % Sale
Sale Breakup All Fertilizers % Sale HY Sept-2018 HY Sept. 2017 APS Bio Compost Bio NPK Compost Fertilizers NPK 1.18% 0.03% Fertilizers 1.64% 0.09% 0.01% 0.00% 0.02% Bentonite APS 0.46% Sulphur MOP Bentonite 0.00% 0.00% Sulphur MOP DAP 0.00% 0.68% DAP 12.66% 6.76% Urea Urea 84.42% 92.05% LMT 21.49 LM
Slide 49: Sale Breakup of All Fertilizers + Agri Business vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale HY Sept. 2017 HY Sept-2018 All Fertilizers + Agri All Fertilizers + Agri Related Business 1.81% Related Business 1.96% IP (Including Technical Surplus IP (Including Ammonia & Carbon Technical Surplus 98.19% slurry &
Slide 50: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others (Value & % Sale) HY Sept 2018 HY Sept 2017 Other Other Products, Products, Fertilizer Fertilizer ₹ 106.35 ₹ 81.73 Trading, Trading, crore, crore, ₹821.29 ₹311.04 1.98% 2.04% crore, crore, 15.26% 7.77% Own Own Fertilizers, Fertil
Slide 51: Urea Sales Quantity & Value
Urea Sales Quantity & Value Quantity Value 18.83 LMT ₹ 4453.77 crore (HY Sept. 2018) (HY Sept. 2018) (1 %) (23 %) 18.67 LMT ₹ 3610.13 crore (HY Sept. 2017) (HY Sept. 2017) 51
Slide 52: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 2.48 LMT ₹ 821.29 crore (HY. Sept 2018) (HY Sept. 2018) (164%) (134%) 1.06 LMT ₹ 311.04 crore (HY Sept. 2017) (HY Sept. 2017) 52
Slide 53: Sale Quantity & Value of Industrial Products & Other Products
Sale Quantity & Value of Industrial Products & Other Products 0.46 LMT ₹ 98.16 crore (Qtr. Sept. 2018) (HY Sept. 2018) (14.45 %) (24%) 0.40 LMT ₹ 79.02 crore (HY Sept. 2017) (HY Sept. 2017) 53
Slide 54: Sale of Agro chemicals (KG/Ltr.)
Sale of Agro chemicals (KG/Ltr.) Agro chemicals 600000 551085 500000 Quantity in KG/Ltr. 400000 300000 196089 200000 100000 0 HY Sept 2017 HY Sept 2018 54
Slide 55: Details of Expenses for the HY September-2018
DETAILS OF EXPENSES FOR THE HY SEPTEMBER-2018 55
Slide 56: Details of Expenses for HY Sept 18
Details of Expenses for HY Sept 18 Particulars HY Sept. HY Sept. Increase/ Remarks 18 17 (Decrease) Production of urea (LMT) 18.83 18.67 0.16 Sale of urea (LMT) 19.01 19.71 (0.70) (₹ Crore) (₹ Crore) (₹ Crore) Cost of Materials 2191.35 1521.22 670.13 Due to increase in production by 0.16 LMT and con
Slide 57: Purchase of Traded Goods (Qty. and Value)
Purchase of Traded goods (Qty. and Value) Particulars HY Sept. 18 HY Sept. 17 Increase/ (Decrease) Qty. Value Qty. Value (₹ Qty. (₹ Crore) (₹Crore) Crore) DAP (IMP) (LMT) 3.64 1118.79 2.88 694.98 0.76 423.81 MOP (IMP) (LMT) - - 0.27 39.95 (27) (39.95) APS (IMP) (LMT) - - 0.27 47.24 (27) (47.24) NPK
Slide 58: Purchase Value and Quantity of Traded Goods
Purchase Value and Quantity of Traded Goods Quantity Value 4.13 LMT ₹ 1216.13 crore (HY Sept. 18) (HY Sept. 18) (19%) (55 %) 3.46 LMT ₹ 783.56 crore (HY Sept. 17) (HY Sept. 17) 58
Slide 59: Production, On Stream Days & Energy Consumption for the HY
PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE HY SEPTEMBER-2018 59
Slide 60: Urea Production
UREA PRODUCTION Lakh MT April-Sept. 2018 April-Sept. 2017 Variance with CPLY Unit Actual Actual Nangal 2.50 2.87 (0.37) Panipat 2.76 2.92 (0.16) Bathinda 2.91 2.61 0.30 Vijaipur I 4.96 5.09 (0.13) Vijaipur II 5.70 5.18 0.52 Total 18.83 18.67 0.16 Production was higher at Bathinda and Vijaipur-II u
Slide 61: Production of Urea for the HY in Preceding Years
Production of Urea (for the HY in Preceding 3 Years) (Qty. in LMT) Production of Urea for the HY 2015-16 2016-17 2017-18 2018-19 Units HY HY HY HY NANGAL 2.72 2.38 2.87 2.50 PANIPAT 2.77 2.52 2.92 2.76 BATHINDA 2.51 2.84 2.61 2.91 VIJAIPUR- I 4.56 5.37 5.09 4.96 VIJAIPUR-II 5.44 5.51 5.18 5.70 TOTAL
Slide 62: On-Stream Days (HY)
On-Stream Days (for the HY in Preceding 3 Years) (No. of Days) Stream Days for the HY (Apr-Sept 2018) 2015-16 2016-17 2017-18 2018-19 HY HY HY HY Units NANGAL 171 151 175 156 PANIPAT 170 157 180 172 BATHINDA 156 178 161 179 VIJAIPUR- I 153 178 169 165 VIJAIPUR-II 167 166 155 174 62
Slide 63: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms for Actual Energy Units 2018-19* Apr-Sept 2018 Apr-Sept 2017 Nangal 7.083 6.687 6.826 Panipat 7.592 6.673 6.843 Bathinda 7.459 6.731 7.121 Vijaipur I 5.896 5.919 5.795 Vijaipur II 5.500 5.421 5.391 Energy consumption during the current half
Slide 64: Urea Stock
UREA STOCK (LAKH MT) Unit As on 30th As on 30th As on 31st As on 30th Variance w.r.t. Sept 2018 June 2018 March 2018 Sept 2017 Sept - 17 Silo 0.79 1.17 0.91 0.36 0.43 MIT 0.10 0.47 0.10 0.30 (0.20) Warehouse 0.35 0.33 0.40 0.75 (0.40) Total stock 1.23 1.97 1.41 1.41 (0.18) Details of silo stock Nang
Slide 65: Stock of Traded Fertilizer
Stock of Traded Fertilizer (MT) Products Increase/ Stock as on Stock as on (Decrease) w.r.t. 30.09.2018 30.09.2017 CPLY DAP 1.80 2.05 (0.25) MOP - 0.14 (0.14) NPK 0.48 0.20 0.28 Compost 0.01 0.02 (0.01) Total 2.29 2.41 (0.12) 65
Slide 66: Analysis of Finance Cost
Analysis of Finance Cost 66
Slide 67: Break Up of Total Finance Cost for HY September 2018
BREAK UP OF TOTAL FINANCE COST FOR HY SEPTEMBER 2018 ₹ Crore Particulars HY Sept. 2018 CPLY Increase/ (Decrease) Interest on Long Term Loans 4.02 4.52 (0.50) Interest on working capital Loans 116.00 68.55 47.45 (excluding interest on trading activities) Other borrowing costs (CP related 1.69 1.56 0.
Slide 68: Analysis of Interest Cost on Working Capital Loans
ANALYSIS OF INTEREST COST ON WORKING CAPITAL LOANS ₹ Crore Particulars Amount ₹ crore Interest on working capital loans in HY. Sep 18 137.56 (₹ 116.00 crore (Urea) + ₹ 21.56 crore (Trading activities)) Interest on working capital loans in HY. Sep 17 85.09 (₹ 68.55 crore (Urea) + ₹ 16.54 crore (Tradi
Slide 69: Steps Taken to Reduce Finance Cost
STEPS TAKEN TO REDUCE FINANCE COST Borrowing through CP for a higher period of 60 to 90 days (with maturity within the quarter) instead of 30 days for better rate /saving in other costs i.e. stamp duty, arranger fee, NSDL charges etc. Availed short term funds of ₹ 375 crore as Inter Corporate De
Slide 70: Profit Variance Analysis for HY Sept-2018
PROFIT VARIANCE ANALYSIS FOR HY SEPT-2018 Company has earned profit before tax of ₹ 177.67 crore during the HY ended 30th Sept, 2018 as against profit before tax of ₹ 143.13 crore during CPLY i.e. an increase in profit by ₹ 34.54 crore. PBT has increased mainly due to: 1. Saving on account of decrea
Slide 71: Important Financial Indicators
Important Financial Indicators ₹ Crore Particulars HY Sept. CPLY FY 2017-18 2018 Current Assets (A) 7007.16 5282.64 5011.98 Current Liability (B) 6258.76 4598.40 4247.05 Working Capital (C) = (A-B) 748.40 684.24 764.93 Long Term Borrowing (D) 159.79 575.40 170.28 Short Term Borrowing (E) 4303.45 331
Slide 72: Important Financial Indicators
Important Financial Indicators Particulars Unit HY Sept. CPLY FY 2017-18 2018 Debt Service Coverage Ratio Times 2.11 2.12 2.35 Interest Coverage Ratio Times 2.47 2.81 3.15 Debt to Equity Ratio Times 2.12:1 1.88:1 1.54:1 Earning Per Share of ₹ ₹ /Share 10 * 2.32 1.89 4.34 Return on Average Net Worth
Slide 73: Segment Results
SEGMENT RESULTS FOR FY 2017-18 73
Slide 74: Segment Results
SEGMENT RESULTS ₹ crore Particulars Qtr. Sept 18 Qtr. Sept 17 HY Sept 18 HY Sept 17 Segment Revenue (Net Sales) Own Fertilizers (Urea, BS and 2539.44 1915.08 4454.52 3610.81 Bio-fertilizers) 78.77% 88.72% 82.76% 90.13% Fertilizer Trading 632.67 188.62 821.29 311.04 19.63% 8.74% 15.26% 7.77% Other Pr
Slide 75: Project Activities
PROJECT ACTIVITIES 75
Slide 76: Project Activities
Project Activities Energy saving scheme at Nangal, Bathinda and Panipat units at an estimated cost of ~ ₹ 675 crore has been taken up and work is in progress. SBI has sanctioned Rupee Term Loan of ₹ 1044 crore for Energy Saving and other capex of all units. Energy saving schemes at Vijaipur I
Slide 77: Overview of Ramagundam Project
Overview of Ramagundam Project Joint Venture of NFL, Engineers India Limited (EIL) & Fertilizers Corporation of India Limited (FCIL) is undertaking the revival of Ramagundam unit of FCIL Plant Capacity Ammonia Plant : 2200 MTPD (0.726 MMTPA) Urea Plant : 3850 MTPD (1.27 MMTPA) Project Cost - ₹ 5
Slide 78: Thank You
THANK YOU 78
National Fertilizers — Q2 FY2018-19 Earnings Presentation on 6ix