National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q3 FY2018-19 Earnings Presentation
82 slides from National Fertilizers's earnings presentation, January 2019
Slide 1: Financial Performance for the Quarter / Nine Month December-2018
FINANCIAL PERFORMANCE FOR THE QUARTER / NINE MONTH DECEMBER-2018
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 31.12.2018. Authorized capital : ₹ 1,000.00 crore. Paid up capital : ₹ 490.58 crore. Net-worth : ₹ 2,205.95 crore. Shareholding Pattern as on 31.12.2018: Government of India 74.71% Financial inst
Slide 3: Brief on Urea Manufacturing Activities
BRIEF ON UREA MANUFACTURING 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 Other Manufacturing Activities
BRIEF ON OTHER MANUFACTURING ACTIVITIES Cont… Other Manufacturing:- (Industrial Products, Bio-Fertilizers , Technical Surplus Ammonia) etc. : Sr. Product Located in No. of Annual Capacity of each streams stream (MT) 1. Nitric acid Nangal 2* 91410 2. Ammonium Nitrate Nangal 2* 118800 3. Sodium Nitrat
Slide 5: Brief on Trading Activities (Sale Based)
BRIEF ON TRADING ACTIVITIES (Sale Based) Cont… Traded Goods : Sr. Particulars Annual Nine Month Dec- 31.03.2018 2018 Domestic 1. Compost (LMT) 0.12 0.19 2. Seeds (Quintals) 54481 61284 3. Agro-chemicals (25 molecules) (Kg./Ltrs.) 369533 592989 Imported Fertilizers LMT LMT 4. DAP 3.28 3.95 5. MOP 0.2
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 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 8: Performance Highlights FY 2017-18 Cont..
PERFORMANCE HIGHLIGHTS FY 2017-18 Cont.. 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
Slide 9: 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 10: 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 11: 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 12: Performance for the Quarter December-2018
PERFORMANCE FOR THE QUARTER DECEMBER-2018 12
Slide 13: Performance Highlights for the Qtr. Ended 31/12/18
PERFORMANCE HIGHLIGHTS FOR THE QTR. ENDED 31/12/18 Production of urea of 10.06 LMT (9.82 LMT during CPLY)(2% increase) Sale of urea 10.57 LMT (10.48 LMT during CPLY) (1% increase) Sale of DAP/MOP/APS/NPK/BS/Urea (Govt a/c Imported) of 2.90 LMT (2.68 LMT during CPLY) (8% increase) Sale of Com
Slide 14: Overall Performance
OVERALL PERFORMANCE ₹Crore Particulars Qtr. Qtr. Increase/(decrease) Dec 2018 Dec 2017 ₹ Crore % Total Revenue From Operation (All Products) 3768.78 2834.78 934.00 33 Total Expenses 3530.73 2711.88 818.85 30 Earnings before interest, depreciation and tax 238.05 122.90 115.15 94 Add : Other Income 29
Slide 15: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars Qtr. Qtr. Increase/(decrease) Dec 2018 Dec 2017 LMT % Urea Production 10.06 9.82 0.24 2 Urea Sale 10.48 10.57 0.09 1 DAP/ MOP/APS/ NPK/BS/Urea 4.03 0.41 3.62 883 (Govt A/c Imported) purchase DAP/ MOP/APS/ NPK/BS/Urea 2.90 2.68 0.22 8 (Govt A/c Imported) Sa
Slide 16: Sale Value & Quantity Break-up for the Quarter
SALE VALUE & QUANTITY BREAK-UP FOR THE QUARTER DECEMBER-2018 16
Slide 17: Sale Quantity and Value of Manufactured Fertilizers
Sale quantity and value of Manufactured Fertilizers (Urea & Products other than urea) Qtr. Dec 2018 CPLY Inc./ (Dec.) Qty./ Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) with CPLY % Crore) Crore) (A) Manufactured Fertilizers (urea) 1. Sales of urea 10.57 548.31 10.48
Slide 18: Sale Quantity and Value of Traded Fertilizers & Other Traded Goods
Sale quantity and value of Traded Fertilizers & Other Traded Goods Qtr. Dec 2018 CPLY Inc./ (Dec.) Qty. /Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) Crore) Crore) with CPLY % (C)Traded Fertilizers (C.1) Imported Fertilizers 1. DAP (LMT) 2.10 803.12 2.38 708.59 94.53
Slide 19: Sale Quantity and Value of Industrial & Other Products
Sale quantity and value of Industrial & Other Products Qtr. Dec 2018 CPLY Inc./ (Dec.) Qty./Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) Crore) Crore) with CPLY % E. Industrial & Other Products 1. Nitric Acid (MT) 18013 35.13 17286 28.76 6.37 1 (Qty) 3520 13.27 2961
Slide 20: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LMT) Zonal Offices Actual CPLY Increase/ Oct-Dec 2018 Oct-Dec 2017 (Decrease) Chandigarh 4.56 4.92 (0.36) Bhopal 3.39 2.78 0.61 Lucknow 2.62 2.78 (0.16) TOTAL 10.57 10.48 0.09 Bhopal Zone has performed better in term of increase in sale or urea in comparison to CPLY. LM
Slide 21: Total Revenue from Operation Growth in Qtr. December 2018
Total Revenue from Operation Growth in Qtr. December 2018 ₹ 3768.78 crore (Qtr. Dec. 2018) (33%) ₹ 2834.78 crore (Qtr. Dec. 2017) 21
Slide 22: Sale Breakup All Fertilizers (% sale)
Sale Breakup All Fertilizers (% sale) Qtr-Dec-2018 Qtr-Dec-2017 Bentonite Bio Bio Sulphur Fertilizers Bentonite Compost Fertilizers 0.02% Urea Sulphur NPK 0.10% NPK 0.15% 0.01% APS Compost (Govt. 0.00% 0.00% 3.09% Urea 0.04% 0.08% A/C) APS (Govt. Imported 1.33% A/C) MOP 0.85% 0.00% Imported MOP 0.00
Slide 23: Sale Breakup of All Fertilizers + Agri Business vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale Qtr-Dec-2018 Qtr-Dec-2017 All Fertilizers + All Fertilizers + Agri Related 1.40% Agri Related 1.46% Business Business IP (Including IP (Including Technical Technical Surplus Surplus 98.60% 98.54% Ammonia & Ammonia &
Slide 24: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale ) Qtr. Dec 2018 Other Qtr. Dec 2017 Other Products Products & services, & services, Fertilizer ₹ 83.35, ₹ 59.85, Fertilizer Trading , 2.21% 2.11% Trading , ₹ 771.76, ₹ 952.96, 27.22% 25.29% Own
Slide 25: Urea Sales Quantity & Value
Urea Sales Quantity & Value Quantity Value 10.57 LMT ₹ 2726.41 crore (Qtr. Dec. 2018) (Qtr. Dec. 2018) (1 %) (36%) 10.48 LMT ₹ 2002.77 crore (Qtr. Dec. 2017) (Qtr. Dec. 2017) 25
Slide 26: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 2.98 LMT ₹ 952.96 crore (Qtr. Dec. 2018) (Qtr. Dec. 2018) (23%) (8%) 2.77 LMT ₹ 771.76 crore (Qtr. Dec. 2017) (Qtr. Dec. 2017) 26
Slide 27: Sale Quantity & Value of Industrial Products & Other Products
Sale Quantity & Value of Industrial Products & Other Products 0.22 LMT ₹ 52.55 crore (Qtr. Dec. 2018) (Qtr. Dec 2018) (5%) (27%) 0.21 LMT ₹ 41.26 crore (Qtr. Dec. 2017) (Qtr. Dec. 2017) 27
Slide 28: Sale of Agro Chemicals (KG/Ltr.)
Sale of Agro chemicals (KG/Ltr.) Agro chemicals 45000 41904 40000 35000 28536 Quantity in Kgs/Ltrs. 30000 25000 20000 15000 10000 5000 0 Qtr. Dec 2017 Qtr. Dec 2018 28
Slide 29: Details of Expenses for the Quarter
DETAILS OF EXPENSES FOR THE QUARTER DECEMBER-2018 29
Slide 30: Details of Expenses for Qtr. Dec 18
Details of Expenses for Qtr. Dec 18 Particulars Qr. Dec. Qr.Dec. Increase/ Remarks 18 17 (Decrease) Production of urea (LMT) 10.06 9.82 0.24 Increase of 24000 MT Sale of urea (LMT) 10.57 10.48 0.09 Increase of 9000 MT (₹ Crore) (₹ Crore) (₹ Crore) Cost of Materials due to increase in average price o
Slide 31: Purchase of Traded Goods (Qty. and Value)
Purchase of Traded goods (Qty. and Value) Particulars Qr. Dec. 18 Qr. Dec. 17 Increase/ (Decrease) Qty. Value Qty. Value Qty. (₹ Crore) (₹Crore) (₹ Crore) DAP (IMP) (LMT) 2.25 729.91 0.41 87.73 1.84 642.18 Urea (Govt. Account) 1.78 88.75 - - 1.78 88.75 LMT Compost (IND) (LMT) 0.07 2.64 0.07 2.24 - 0
Slide 32: Purchase Value and Quantity of Traded Fertilizers
Purchase Value and Quantity of Traded Fertilizers Quantity Value 4.10 LMT ₹ 821.30 crore (Qr. Dec. 18) (Qr. Dec. 18) (744 %) (813 %) 0.48 LMT ₹ 89.97 crore (Qr. Dec 17) (Qr. Dec 17) 32
Slide 33: Production, On Stream Days & Energy Consumption for the Quarter
PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE QUARTER DECEMBER-2018 33
Slide 34: Urea Production (Quarterly)
UREA PRODUCTION (Quarterly) Lakh MT Oct-Dec 2018 Oct-Dec 2017 Variance with CPLY Unit Actual Actual Nangal 1.47 1.41 0.06 Panipat 1.46 1.51 (0.05) Bathinda 1.53 1.51 0.02 Vijaipur I 2.67 2.69 (0.02) Vijaipur II 2.93 2.69 0.24 Total 10.06 9.81 0.25 Production of urea during the quarter was higher a
Slide 35: Production of Urea in 3rd Quarter in Preceding Years
Production of Urea in 3rd Quarter in Preceeding 3 years (Qty. in LMT) Production of Urea for the 3rd Quarter (Oct to Dec) 2015-16 2016-17 2017-18 2018-19 Units Q3 Q3 Q3 Q3 NANGAL 1.47 1.45 1.41 1.47 PANIPAT 1.47 1.47 1.51 1.46 BATHINDA 1.47 1.46 1.51 1.53 VIJAIPUR- I 2.77 2.65 2.69 2.67 VIJAIPUR-II
Slide 36: On-Stream Days (3rd Quarter in Preceding Years)
On-Stream Days (for the 3rd Quarter in Preceding 3 Years) (No. of Days) Stream Days for the 3rd Quarter (Oct to Dec) 2015-16 2016-17 2017-18 2018-19 Units Q3 Q3 Q3 Q3 NANGAL 92 90 84 89 PANIPAT 92 89 91 85 BATHINDA 91 88 91 91 VIJAIPUR- I 91 86 88 88 VIJAIPUR-II 89 92 77 90 36
Slide 37: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms for Actual Energy Units 2018-19 Oct-Dec 2018 Oct-Dec 2017 Nangal 7.083 6.671 6.683 Panipat 7.592 6.711 6.626 Bathinda 7.459 6.589 6.668 Vijaipur I 5.896 5.896 5.756 Vijaipur II 5.500 5.391 5.425 Energy consumption during current quarter was
Slide 38: Analysis of Finance Cost
Analysis of Finance Cost 38
Slide 39: Break Up of Total Finance Cost for Qtr. December 2018
BREAK UP OF TOTAL FINANCE COST FOR Qtr. DECEMBER 2018 ₹ Crore Particulars Qtr. Qtr. Increase/ Dec 2018 Dec 2017 (Decrease) Interest on Long Term Loans 1.71 0.54 1.17 Interest on working capital Loans 58.65 31.31 27.34 (excluding interest on trading activities) Other borrowing costs (CP related 1.02
Slide 40: Analysis of Finance Cost
ANALYSIS OF FINANCE COST ₹ Crore Interest on working capital loans has increased by ₹ 28.95 crore (₹ 27.34 crore + ₹ 1.61 crore) due to higher interest rates (7.12% as compared to 6.23% during CPLY) and higher average borrowings by ₹ 1299.39 crore i.e. 45% (₹ 4158.77 crore as compared to ₹ 2859.38
Slide 41: Performance for the Nine Month December-2018
PERFORMANCE FOR THE NINE MONTH DECEMBER-2018 41
Slide 42: Performance Highlights
PERFORMANCE HIGHLIGHTS Production of urea of 28.89 LMT (28.48 LMT during CPLY) (1% increase) Sale of urea 29.58 LMT (30.19 LMT during CPLY) (2% decrease) Sale of DAP/MOP/APS/NPK/BS/Urea (Govt a/c Imported) of 5.27 LMT (3.72 LMT during CPLY) (42% increase) Sale of Compost of 0.19 LMT (0.11 LM
Slide 43: Overall Performance
OVERALL PERFORMANCE ₹Crore Particulars NINE NINE Increase/(decrease) MONTH MONTH ₹ Crore % 2018 2017 Total Revenue From Operation (All Products) 9162.65 6843.89 2318.76 34 Total Expenses 8574.56 6461.82 2112.74 33 Earnings before interest, depreciation and 588.09 382.07 206.02 54 tax Add : Other Inc
Slide 44: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars Nine month Nine month Increase/(decrease) Dec-2018 Dec-2017 LMT % Urea Production 28.89 28.48 0.41 1 Urea Sale 29.58 30.19 (0.61) (2) DAP/ MOP/APS/ NPK/BS/Urea 8.04 3.83 4.21 110 (Govt A/c Imported) purchase DAP/ MOP/APS/ NPK/BS/Urea 5.27 3.72 1.55 42 (Gov
Slide 45: Sale Value & Quantity Break-up for the Nine Month
SALE VALUE & QUANTITY BREAK-UP FOR THE NINE MONTH DECEMBER-2018 45
Slide 46: Sale Quantity and Value of Manufactured Fertilizers
Sale quantity and value of Manufactured Fertilizers (Urea & other than urea) Nine Month 2018 CPLY Inc./ (Dec.) Qty./ Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) with CPLY % Crore) Crore) (A) Manufactured Fertilizers (urea) 1. Sales of urea 29.58 1533.54 30.19 1615.7
Slide 47: Sale Quantity and Value of Traded Fertilizers & Other Traded Goods
Sale quantity and value of Traded Fertilizers & Other Traded Goods Nine Month 2018 CPLY Inc./ (Dec.) Qty. /Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) Crore) Crore) with CPLY % (C)Traded Fertilizers (C.1) Imported Fertilizers 1. DAP (LMT) 3.95 1470.88 3.22 973.80 49
Slide 48: Sale Quantity and Value of Industrial & Other Products
Sale quantity and value of Industrial & Other Products Qtr. Dec 2018 CPLY Inc./ (Dec.) Qty./Val. Particulars Value (₹ Value (₹ with CPLY (₹ Inc./ (Dec.) Qty. Qty. Crore) Crore) Crore) with CPLY % E. Industrial & Other Products 1. Nitric Acid (MT) 53236 111.38 50451 86.91 24.47 6 (Qty.) 2. Ammonium N
Slide 49: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LAKH MT) Zonal Offices Actual Actual Increase/ Apr-Dec 2018 Apr-Dec 2017 (Decrease) Chandigarh 12.84 13.04 (0.20) Bhopal 9.19 8.25 0.94 Lucknow 7.55 8.90 (1.35) TOTAL 29.58 30.19 (0.61) Sale of urea at Chandigarh and Lucknow zone is lower in comparison to CPLY due to lowe
Slide 50: Sale Growth in Nine Month December 2018
Sale Growth in Nine Month December 2018 ₹ 9162.65 crore (Nine month Dec 2018) (34 %) ₹ 6843.89 crore (Nine month Dec 2017) 50
Slide 51: Sale Breakup All Fertilizers % Sale
Sale Breakup All Fertilizers % Sale Nine Month Dec-2018 Nine Month Dec-2017 Compost Bio Bentonite Compost Bio Bentonite NPK 0.06% Fertilizers NPK Sulphur 0.09% Fertilizers Sulphur 0.00% 0.02% 2.24% 0.06% 0.02% Urea 0.00% Urea APS (Govt. APS (Govt. 0.71% A/C) 0.82% A/C) Imported Imported MOP 0.35% MO
Slide 52: Sale Breakup of All Fertilizers + Agri Business vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale Nine Month Dec-2018 Nine Month Dec-2017 All Fertilizers + All Fertilizers + Agri Related 1.64% Agri Related 1.75% Business Business IP (Including IP (Including Technical Technical Surplus 98.36% Surplus 98.25% Ammon
Slide 53: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) Nine Month Dec 2018 Nine Month Dec 2017 Other Fertilizer Other Products Fertilizer Trading , Products & & Trading , ₹ 1,774.25, services, services, ₹1,082.80, 19.36% ₹ 201.41, ₹147.11, 15.82%
Slide 54: Urea Sales Quantity & Value
Urea Sales Quantity & Value Quantity Value 29.58 LMT ₹ 7180.18 crore (Nine month Dec 2018) (Nine month Dec 2018) (28 %) (2 %) 30.19 LMT ₹ 5612.90 crore (Nine month Dec 2017) (Nine month Dec 2017) 54
Slide 55: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 5.46 LMT ₹ 1774.25 crore (Nine month Dec 2018) (Nine month Dec 2018) (64%) (43%) 3.83LMT ₹ 1082.80 crore (Nine month Dec 2017) (Nine month Dec 2017) 55
Slide 56: Sale Quantity & Value of Industrial Products & Other Products
Sale Quantity & Value of Industrial Products & Other Products 0.65 LMT ₹ 149.96 crore (Nine month Dec 2018) (Nine month Dec 2018) (5%) (25%) 0.62 LMT ₹ 119.60 crore (Nine month Dec 2017) (Nine month Dec 2017) 56
Slide 57: Sale of Agro Chemicals (KG/Ltr.)
Sale of Agro chemicals (KG/Ltr.) Agro chemicals 700000 592989 600000 Quantity in Kgs/Ltrs. 500000 400000 300000 224625 200000 100000 0 Nine month Dec. 2017 Nine month Dec. 2018 57
Slide 58: Details of Expenses for the Nine Month
DETAILS OF EXPENSES FOR THE NINE MONTH DECEMBER-2018 58
Slide 59: Details of Expenses for Nine Month Dec 18
Details of Expenses for Nine month Dec 18 Particulars Nine month Nine month Increase/ Remarks Dec 2018 Dec 2017 (Decrease) Production of urea (LMT) 28.89 28.48 0.41 Sale of urea (LMT) 29.58 30.19 (0.61) (₹ Crore) (₹ Crore) (₹ Crore) Cost of Materials 3532.61 2404.55 1128.06 Due to increase in produc
Slide 60: Purchase of Traded Goods (Qty. and Value)
Purchase of Traded goods (Qty. and Value) Particulars Apr-Dec 2018 Apr-Dec 2017 Increase/ (Decrease) Qty. Value Qty. Value Qty. (₹ Crore) (₹Crore) (₹Crore) DAP (IMP) (LMT) 5.89 1848.70 3.29 783.56 2.60 1065.14 MOP (IMP) (LMT) - - 0.27 39.58 (0.27) (39.58) APS (IMP) (LMT) - - 0.27 46.76 (0.27) (46.76
Slide 61: Purchase Value and Quantity of Traded Fertilizers
Purchase Value and Quantity of Traded Fertilizers Quantity Value 8.23 LMT ₹ 2037.43 crore (Nine month Dec 2018) (Nine month Dec 2018) (109%) (133 %) 3.94 LMT ₹ 873.53 crore (Nine month Dec 2017) (Nine month Dec 2017) 61
Slide 62: Production, On Stream Days & Energy Consumption for the Nine Month
PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE NINE MONTH DECEMBER-2018 62
Slide 63: Urea Production
UREA PRODUCTION Lakh MT April-Dec 2018 April-Dec 2017 Variance with CPLY Unit Actual Actual Nangal 3.97 4.28 (0.31) Panipat 4.22 4.42 (0.20) Bathinda 4.44 4.12 0.32 Vijaipur I 7.63 7.78 (0.15) Vijaipur II 8.63 7.88 0.75 Total 28.89 28.48 0.41 Production of urea during the period was higher at Bath
Slide 64: Production of Urea for the Nine Month in Preceding Years
Production of Urea (for the Nine month in Preceding 3 Years) (Qty. in LMT) Production of Urea for the Nine month 2015-16 2016-17 2017-18 2018-19 Units Nine month Nine month Nine month Nine month NANGAL 4.19 3.83 4.28 3.97 PANIPAT 4.24 3.99 4.42 4.22 BATHINDA 3.99 4.31 4.12 4.44 VIJAIPUR- I 7.33 8.02
Slide 65: On-Stream Days for the Nine Month
On-Stream Days (for the Nine month in Preceding 3 Years) (No. of Days) Stream Days for the Nine month (Apr-Dec 2018) 2015-16 2016-17 2017-18 2018-19 Units Nine month Nine month Nine month Nine month NANGAL 263 241 259 245 PANIPAT 262 246 271 257 BATHINDA 247 266 252 270 VIJAIPUR- I 244 264 257 253 V
Slide 66: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms for Actual Energy Units 2018-19 Apr-Dec 2018 Apr-Dec 2017 Nangal 7.083 6.675 6.767 Panipat 7.592 6.686 6.770 Bathinda 7.459 6.701 6.927 Vijaipur I 5.896 5.910 5.780 Vijaipur II 5.500 5.411 5.403 Energy consumption during the current period
Slide 67: Urea Stock
UREA STOCK (LAKH MT) Unit Stock as on Stock as on Stock as on Stock as on Variance w.r.t. 31st Dec 2018 30th Sep 31st March 31st Dec Dec - 17 2018 2018 2017 Silo 0.36 0.79 0.91 0.31 0.05 MIT 0.31 0.10 0.10 0.32 (0.01) Warehouse 0.05 0.35 0.40 0.13 (0.08) Total stock 0.72 1.23 1.41 0.76 (0.04) Detail
Slide 68: Stock of Traded Fertilizer
Stock of Traded Fertilizer (MT) Products Stock as on Stock as on Increase/ 31.12.2018 31.12.2017 (Decrease) DAP 1.94 0.06 1.88 MOP - 0.02 (0.02) NPK 0.15 - 0.15 APS - 0.03 (0.03) Compost 0.01 - 0.01 Urea (Govt. Account) 1.34 - 1.34 Total 3.44 0.11 3.33 68
Slide 69: Analysis of Finance Cost
Analysis of Finance Cost 69
Slide 70: Break Up of Total Finance Cost for Nine Month December 2018
BREAK UP OF TOTAL FINANCE COST FOR NINE MONTH DECEMBER 2018 ₹ Crore Particulars Nine month Dec CPLY Increase/ 2018 (Decrease) Interest on Long Term Loans 5.73 5.06 0.67 Interest on working capital Loans 174.65 99.86 74.79 (excluding interest on trading activities) Other borrowing costs (CP related 2
Slide 71: Analysis of Finance Cost
ANALYSIS OF FINANCE COST ₹ Crore Interest on working capital loans has increased by ₹ 81.42 crore (₹ 74.79 crore + ₹ 6.63 crore) due to higher interest rates (6.96% as compared to 6.28% during CPLY) and higher average borrowings (₹ 4083.98 crore as compared to ₹ 2788.26 crore during CPLY) The in
Slide 72: Steps Taken to Reduce Finance Cost and Manage Foreign Exposure
STEPS TAKEN TO REDUCE FINANCE COST AND MANAGE FOREIGN EXPOSURE Borrowing through CP for a higher period of 60 to 90 days (with maturity within the quarter) instead of borrowings crossing the quarter is cheaper by 0.20% to 0.25%. NFL adopted this strategy during the year and has resulted in saving
Slide 73: Savings in Finance Cost
SAVINGS IN FINANCE COST Particulars Amount in Rs. Crore # CP related cost 2.16 Inter Corporate deposit 0.10 Vendor financing scheme 0.31 Forex Management 17.78 Total Saving 20.35 # Estimated basis 73
Slide 74: Profit Variance Analysis for Nine Month Dec-2018
PROFIT VARIANCE ANALYSIS FOR NINE MONTH DEC-2018 Company has earned profit before tax of ₹ 343.72 crore during the Nine Month ended 31st Dec , 2018 as against profit before tax of ₹ 230.59 crore during CPLY i.e. an increase in profit by ₹ 113.13 crore (49%). PBT has increased mainly due to: 1. Savin
Slide 75: Important Financial Indicators
Important Financial Indicators ₹ Crore Particulars Nine month CPLY FY 2017-18 Dec 2018 Current Assets (A) 7253.54 5019.94 5012.00 Current Liability (B) 6192.56 3919.99 4247.11 Working Capital (C) = (A-B) 1060.98 1099.95 764.89 Long Term Borrowing (D) 329.44 379.23 170.28 Short Term Borrowing (E) 415
Slide 76: Important Financial Indicators
Important Financial Indicators Particulars Unit Nine month CPLY FY 2017-18 Dec 2018 Debt Service Coverage Times 2.50 2.37 2.34 Ratio Interest Coverage Ratio Times 2.81 3.00 3.15 Debt to Equity Ratio Times 2.03:1 1.38:1 1.54:1 Earning Per Share of ₹ ₹ /Share 10 4.43* 2.96 4.34 Return on Net Worth (To
Slide 77: Segment Results for Nine Month Dec-2018
SEGMENT RESULTS FOR NINE MONTH DEC-2018 77
Slide 78: Segment Results
SEGMENT RESULTS ₹ crore Particulars Qtr. Dec 18 Qtr. Dec 17 Apr - Dec 18 Apr - Dec 17 Segment Revenue (Net Sales) Own Fertilizers (Urea, BS and 2732.47 2003.17 7186.99 5613.98 Bio-fertilizers) 72.50% 70.66% 78.44% 82.03% Fertilizer Trading 952.96 771.76 1774.25 1082.80 25.29% 27.22% 19.36% 15.82% Ot
Slide 79: Project Activities
PROJECT ACTIVITIES 79
Slide 80: Project Activities
Project Activities Commercial production of Bentonite Sulphur Plant at Panipat with annual capacity of 25000 MT declared w.e.f. 20.09.2018. Company has contributed ₹ 273.69 crore towards equity in its JV Company (RFCL) out of total requirement ₹ 343 crore. Term loan has been signed with SBI on
Slide 81: 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 82: Thank You
THANK YOU 82
National Fertilizers — Q3 FY2018-19 Earnings Presentation on 6ix