Slide 1: Cover letter to stock exchanges
ryE+,{tf,t€froz3-24 ffi -^^9S*- occording ro Oeko-T!:x! Slordo,d 100 Date :08.05.2023 , BSE Ltd. National Stock Exchange of lndia Ph irozeJeejeebhoy Towers Limited Dalal Street Exchange Plaza, Mumbai- 400 001 Bandra Kurla Complex Bandra (E), Company Code - 532598 Mumbai- 400 051. Company lD - NITINS
Slide 2: Nitin Spinners Limited Q4 & FY23 Investor Presentation
Nitin Spinners Limited Q4 & FY23 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nitin Spinners 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 secur
Slide 4: Company Overview
Company Overview India’s Leading manufacturer of Cotton & Blended Yarn, Knitted Fabrics, Greige & Finished Woven Fabrics Strong Capabilities Established in 1992 Headquartered in Bhilwara (Rajasthan) Plants located at Bhilwara & Chittorgarh, Rajasthan FY23 Revenue Rs. 2,406.71 Crs Global Presence Acr
Slide 5: Management Commentary on Q4&FY23 Results
Management Commentary on Q4&FY23 Results Commenting on the results, Mr. Dinesh Nolkha – Managing Director said “FY23 has been challenging year for the industry.After overcoming numerous obstacles over the past several months, we are noticing an increase in the demand. We are optimistic about growth
Slide 6: Production and Sales Volumes - Quarterly
Production and Sales Volumes - Quarterly Q4FY23 Q4FY22 Q3FY23 Production Yarn (MT) 17,226 17,594 15,130 Knitted Fabric 761 1,964 558 Woven & Finished Fabrics Griege Woven Fabric Production - (Mn Mtrs) 8.97 7.07 7.39 Finished Fabric Production (Mn Mtrs) 6.19 5.93 6.12 Sales Volume Yarn (MT) 15,298 13
Slide 7: Production and Sales Volumes – FY23
Production and Sales Volumes – FY23 FY23 FY22 FY21 Production Yarn (MT) 61,378 71,850 63,973 Knitted Fabric 3,521 8,057 7,375 Woven & Finished Fabrics Woven Fabric Production (Greige) 30.04 26.95 23.48 Finished Fabric Production(Mn Mtrs) 24.12 21.37 14.30 Sales Volume Yarn (MT) 47,149 53,709 48,180
Slide 8: Revenue Bifurcation
Revenue Bifurcation Q4FY23 Q4FY22 Q3FY23 FY23 FY22 Products Rs. Crs Rs. Crs Rs. Crs Rs. Crs Rs. Crs Yarn (MT) 446.98 68.3% 543.58 70.7% 354.95 66.1% 1593.59 66.2% 1,878.43 69.8% Knitted Fabric 23.35 3.6% 69.88 9.1% 20.3 3.8% 139.41 5.8% 292.80 10.9% Woven Fabric 137.39 21.0% 115.63 15.0% 123.55 23.0
Slide 9: Profit and Loss Statement
Profit and Loss Statement Particulars (Rs. Crs) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Total Revenue 654.80 769.07 -15% 537.20 22% 2406.71 2692.37 -11% EBITDA 70.98 167.45 -58% 60.13 18% 297.06 651.62 -54% EBITDA Margin (%) 10.8% 21.8% 11.2% 12.3% 24.2% Depreciation 21.30 21.51 21.83 86.81 87.40
Slide 10: Balance Sheet Statement
Balance Sheet Statement Assets (Rs. Crs) Mar-23 Mar-22 Equity & Liabilities (Rs. Crs) Mar-23 Mar-22 Non-current assets 1,421.98 1,070.10 EQUITY 1028.90 875.81 Property, Plant and Equipment 1010.04 1,010.63 Equity Share Capital 56.22 56.22 Capital work-in-progress 340.26 0.08 Other Equity 972.68 819.
Slide 11: Cash Flow Statement
Cash Flow Statement Particulars (Rs. Crs) 31-Mar-23 31-Mar-22 Operating profit before working capital changes 302.46 656.73 Changes in working capital (55.52) (123.44) Cash generated from operations 246.94 533.29 Direct taxes paid (net of refund) (53.17) (101.86) Net Cash from Operating Activities 1
Slide 12: Strong Presence in Domestic & Major International Markets
Strong Presence in Domestic & Major International Markets ~56% of Total revenue comes from exports Global Presence 50+ Countries Revenue Breakup CANADA ASIA USA CHINA EUROPE INDIA Domestic 32 27 AFRICA 45 37 44 BANGLADESH Export 68 73 S AMERICA 55 63 56 FY19 FY20 FY21 FY22 FY23 11
Slide 13: Two Decades And Counting…
Two Decades And Counting… Ventured into Ring Added 7,296 Spindles in Spinning by Installing Expansion of Open- June, 2021 Announced 14,112 Spindles Forward end Spinning by ~Rs.955 crs. worth Integration into Knitted Installation of 2,000 Completed Spinning expansion plans across all Fabric by Instal
Slide 14: Our Product Categories
Our Product Categories Wide Product Range & End-User Application Yarn Knitted Fabric Finished Woven Fabric 100% Cotton, Cotton Spandex Fabrics. 100% cotton and blended Single Jersey Poly/Cotton, Poly/Cotton Spandex Fabrics. Ring spun combed and carded Open width with Elastene RFD, Bleached, Dyed, Pr
Slide 15: Our Fabric is widely accepted across all clothing categories
Our Fabric is widely accepted across all clothing categories 14
Slide 16: Fully equipped to add customer value
Fully equipped to add customer value Well equipped R&D facility and pilot plants to offer Fully equipped to add wide range of samples customer value R&D for developing value-added products has led to value creation for both global and domestic client base Offering complete range of products that ful
Slide 17: Capacity Expansion across Segments
Capacity Expansion across Segments Expansion plans are progressing as per schedule Capacity expansion at a total project cost of ~Rs. 955 crores Existing Post Capex Spinning (TPA) 75 110 Knitted Fabric(TPA) in Thousand 9 11 Woven Fabric (Mn Mtrs) 30 40 Capacity expansion across all the segments – Sp
Slide 18: Consistent Performance
Consistent Performance Rs. Crs CAGR FY18 FY19 FY20 FY21 FY22 FY23 (FY18-23) Revenue from 1,145 1,243 1,438 1,624 2,692 2,406 16% Operations EBITDA 155 178 170 257 652 176 14% PAT 52 64 24 69 326 165 26% ROACE 12% 9% 6% 11% 36% 12% - ROAE 13% 13% 5% 12% 37% 17% - Net Worth 417 483 494 563 876 1,029 2
Slide 19: Way Forward
Way Forward o Continue to innovative Geographical o Strive to maintain topline Top Line Growth Expansion growth momentum by and explore newer optimizing capacity utilization markets across the and expanding capacities geographies DE-BOTTLENECKING Value Added o Look forward to enhance o Focus on debo
Slide 20: Awards and Certificates
Awards and Certificates Awards Certificates Gold Trophy for the highest export performance The company is having all quality certification in Grey fabrics- under Category II for the year as per International Standards 2020-21 Silver Trophy for the second highest export performance in Cotton Yarn - C
Slide 21: CSR and Environment sustainability initiatives
CSR and Environment sustainability initiatives Major ESG and CSR initiatives by the company ESG Conservation of water by installing Zero liquid discharge system, Sewage water treatment plant and Rainwater Harvesting Initiatives Use of Renewal Energy by Installation of solar Roof top plant & solar wa
Slide 22: Company and Investor Relations Advisors contacts
Company : Investor Relations Advisors : CIN: L17111RJ1992PLC006987 CIN: U74140MH2010PTC204285 Mr. P Maheshwari - CFO Mr. Shogun Jain / Ms. Manasi Bodas pmaheshwari@nitinspinners.com shogun.jain@sgapl.net / manasi.bodas.@sgapl.net +91 7738377756 / +91 9821043510 www.nitinspinners.com www.sgapl.net 21