Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q3 FY2023 Earnings Presentation
24 slides from Navneet Education's earnings presentation, Feb 9, 2023
Slide 1: Exchange submission letter for Q3 FY23 presentation
NEL/151/2023 Date: 09th February, 2023 The Secretary Corporate Relationship Department National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, 1st Floor, New Trading Ring, 'G' Block, Bandra-Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East)
Slide 2: Investor Presentation as on 31st Dec, 2022
NAVNEET EDUCATION LIMITED INVESTOR PRESENTATION AS ON 31st DEC, 2022
Slide 3: Safe Harbour
Safe Harbour This quarterly investor presentation has been prepared by Navneet Education Limited (Navneet) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered o
Slide 4: Navneet Education Limited – A Panoramic View
NAVNEET EDUCATION LIMITED – A PANORAMIC VIEW Navneet Education Limited is an educational syllabus-based provider that offers quality content across Print and Digital mediums. With 60+ years of experience as an educational publisher & stationery manufacturer, the Company enjoys a high brand recogniti
Slide 5: Navneet Education Limited – At A Glance
Navneet Education Limited – At A Glance Transforming With Times Since Over 6 Decades Navneet Education Limited’s rich industry experience and insightful Vision endeavours enabled the business to achieve a robust leadership position in the industry. It owns a market share of approximately 65% in West
Slide 6: The Team Leading NEL's Transformations
The Team Leading NEL’s Transformations Governance Shri Kamlesh S Vikamsey, Shri Gnanesh D Gala, Shri Raju H Gala, Chairman Managing Director Jt Managing Director NEL’s governance approach is based on accountability, effective Shri Tushar K Jani, Shri Bipin A Gala, Shri Anil D Gala, Independent Direc
Slide 7: Transforming With Time Through Innovative Product Offerings
Transforming With Time Through Innovative Product Offerings NAVNEET EDUCATION LIMITED CONTENT STATIONERY Supplementary CBSE Text Non-Curriculum Paper Non-Paper Curriculum Books Books Books Stationery Stationery (Maharashtra & (PAN India) (PAN-India & Gujarat) Exports) Export PAN-India PAN-India (USA
Slide 8: NEL Group – EdTech Business Structure
NEL Group – EdTech Business Structure INVESTMENTS o Be Galileo, Tinkerly & Sports For All NAVNEET NAVNEET FUTURETECH EDUCATION LIMITED LIMITED (Earlier, eSense Learning Limited) o TopTech (B2B – Schools) BUSINESSES o BeMasterly (B2B – Tutoring) o Leapbridge (B2C – Early years) 7
Slide 9: SBUs & Focus Areas
SBUs & Focus Areas SBU Brand Name Segment Customer Products Customer Brands Content, LMS & TopSchool, B2B – TOPTECH Curriculum-based Schools ERP – School TopClass & SaaS TopScorer TopCoder B2C – Phygital toys; LEAPBRIDGE Extra Curricular Parents & B2C STEM Offerings Leapbridge B2B – Content, LMS & G
Slide 10: Financial Performance Backing NEL's Transformational Journey
Financial Performance Backing NEL’s Transformational Journey Over the years, the Company’s dedicated efforts enabled it to maintain stable growth in persistent manner. The year gone by further testifies for its capabilities, as showcased through its key financial parameters. It has been consistently
Slide 11: Standalone Financial Performance (Q3 and YTD FY 2022-23)
Standalone Financial Performance (Q3 and YTD FY 2022-23) (₹ in Lakhs) Q3 FY23 Q3 FY22 % of YTD FY 22-23 % of YTD FY 21-22 % of Particulars % of Revenue (Unaudited) (Unaudited) Revenue (Unaudited) Revenue (Unaudited) Revenue Income from Operations 25,924 23,524 1.26,818 78,265 Other Income 358 280 1,
Slide 12: Standalone Financial Performance – Q3 FY 2022-23
Standalone Financial Performance – Q3 FY 2022-23 Total Income (₹ in Lakhs) EBITDA (₹ in Lakhs) 26,282 23,804 3,882 -9% 3,520 Q3 2021-22 Q3 2022-23 Q3 2021-22 Q3 2022-23 PBT before exceptional item (₹ in Lakhs) 2,996 -17% 2,497 Q3 2021-22 Q3 2022-23 11
Slide 13: Standalone Financial Performance – Q3 FY 2022-23
Standalone Financial Performance – Q3 FY 2022-23 Segment Revenue Publication (₹ in Lakhs) Segment Revenue Stationery- Domestic (₹ in Lakhs) 9,446 8,598 6,740 -9% 70% 3,957 Q3 2021-22 Q3 2022-23 Q3 2021-22 Q3 2022-23 Segment Revenue Stationery - Exports (₹ in Lakhs) 10,040 10,553 5% Q3 2021-22 Q3 202
Slide 14: Standalone Financial Performance – YTD FY 2022-23
Standalone Financial Performance – YTD FY 2022-23 Total Income (₹ in Lakhs) EBITDA (₹ in Lakhs) 1,28,024 30,248 80,024 106% 14,719 YTD 2021-22 YTD 2022-23 YTD 2021-22 YTD 2022-23 PBT before exceptional item (₹ in Lakhs) 27,029 125% 12,009 YTD 2021-22 YTD 2022-23 13
Slide 15: Standalone Financial Performance – YTD FY 2022-23
Standalone Financial Performance – YTD FY 2022-23 Segment Revenue Publication (₹ in Lakhs) Segment Revenue Stationery- Domestic (₹ in Lakhs) 23,160 57,614 104% 140% 28,221 9,654 YTD 2021-22 YTD 2022-23 YTD 2021-22 YTD 2022-23 Segment Revenue Stationery - Exports (₹ in Lakhs) 45,847 40,026 15% YTD 20
Slide 16: Working Capital Cycle
Working Capital Cycle 136 130 126 124 124 121 99 97 77 76 75 67 56 59 43 Dec'21 Mar'22 June'22 Sep'22 Dec'22 Receviable Days FG Inventory Days RM Inventory Days 15
Slide 17: Consolidated Performance For YTD FY 2022-23
Consolidated Performance For YTD FY 2022-23 (₹ in Lakhs) Revenues from Operations EBITDA PAT Particulars YTD FY23 YTD FY22 YTD FY23 YTD FY22 YTD FY23 YTD FY22 NEL 1,26,818 78,265 30,248 14,719 19,959 12,176 NFL (eSense) 856 662 (2,599) (636) (3,304) (1,135) Indiannica 1,250 791 (1,869) (2,187) (2,46
Slide 18: Comparison with pre-covid levels
Comparison with pre-covid levels
Slide 19: Core Business comparison Pre-Covid
Core Business comparison Pre-Covid (₹ in Lakhs) Q3 FY 2020 9 months 9 months 9 months Particulars Q3 FY 2023 Q3 FY 2022 Pre-covid FY 2023 FY 2022 FY 2020 REVENUES Publication (A) 8,598 9,446 8,303 57,614 28,222 64,286 Domestic Stationery (B) 6,740 3,957 3,014 23,160 9,654 16,252 Stationary Exports (
Slide 20: Indiannica Business and Core Traditional Business
Indiannica Business (₹ in Lakhs) Q3 FY 2020 9 months 9 months 9 months Particulars Q3 FY 2023 Q3 FY 2022 Pre-covid FY 2023 FY 2022 FY 2020 REVENUE 379 325 399 1,252 799 1,355 EBITDA -869 -1,504 -1,077 -1,869 -2,187 -2,295 EBIT -1,003 -1,642 -1,259 -2,273 -2,604 -2,836 PAT -1,065 -1,707 -1,321 -2,451
Slide 21: Navneet FutureTech Ltd and Genext
Navneet FutureTech Ltd and Genext (₹ in Lakhs) 9 months Particulars Q3 2023 Q3 2022 9 months 2023 2022 Revenues from Edtech business 211 173 878 709 Opex in tech 1,525 465 4,189 1,499 EBITDA -1,314 -292 -3,311 -790 PAT/Losses -1,689 -418 -4,121 -1,374 Value spent in Tech Acquisitions 829 463 2,108 7
Slide 22: Non-Strategic Investments
Non-Strategic Investments Cumulative Investment in Investment in Minority Investments % Stake Investment (Cr) 2022 (Cr) 2023 (Cr) K12 Techno 22.14 118.59 NIL NIL SFA 14.29 75.00 37.50 37.50 Last Amount Post Money Valuation update Invested By Implied (Cr) Transaction Invested (Cr) Valuation (Cr) 117.
Slide 23: Shareholding Pattern And Corporate Information
Shareholding Pattern And Corporate Information Stock Information as on 31st Dec, 2022 Shareholding pattern as on 31st December CATEGORY Market Capitalisation 3.1 3.22 ₹ 2,826.53 Crores 12.04 Stock Price ₹ 124.95 63.31 18.33 NSE/BSE – Symbol NAVNETEDUL /508989 No. of Shares Outstanding Promoters Publ
Slide 24: Thank You
Thank You Navneet Education Limited Corporate Identity Number: L22200MH1984PLC034055 Corporate Office & Regd. Office: Navneet Education Limited, Navneet Bhavan, Bhavani Shankar Road, Dadar (West), Mumbai – 400028. Website: www.navneet.com E-mail Id: investors@navneet.com Investor Relations Contact R