Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q4 FY20 Earnings Presentation
27 slides from Navin Fluorine International's earnings presentation, Jun 17, 2020
Slide 1: Cover letter to stock exchanges
June 17, 2020 BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Bandra (E), Scrip Code: 532504 Mumbai 400 051 Scrip Code: NAVINFLUOR EQ Dear Sirs, Sub.: Investor Presentation – Q4FY20 Please find attac
Slide 2: Investor Presentation – Q4FY20
Navin Fluorine International Limited Investor Presentation – Q4FY20 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navin Fluorine International Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Highlights Q4FY20
Operating Revenue +8% High Value Business Rs. 265 Crs 158 Highlights 112 +42% Q4FY20 Operating EBITDA Rs. 67 Crs +29% Q4 FY19 Q4 FY20 Margin at 25.4% Q4FY20 Revenue Contribution Operating PBT 60% Rs. 56 Crs +24% Contribution from High Value Business Margin at 21.3% High Value Legacy 3 On Standalone
Slide 5: Highlights FY20
Operating Revenue +7% High Value Business Rs. 1,022 Crs 554 478 Highlights +16% Operating EBITDA FY20 Rs. 261 Crs +20% FY19 FY20 Margin at 25.5% FY20 Revenue Contribution Operating PBT 54% Rs. 225 Crs +18% Contribution from High Value Business Margin at 22.0% High Value Legacy 4 On Standalone basis
Slide 6: High Value Business - Commentary
High Value Business - Commentary High Value Business Specialty CRAMS Business Unit Business Unit Well balanced growth driven Strong order book positions by Life Science, Crop Science business well for future and Industrial segments profitable growth 5
Slide 7: HPP - New Business Vertical
HPP - New Business Vertical Testament to our deep fluorine experience and success in scaling up of complex chemistries Key Highlights • Entered into a $410 million contract with a Global Company for manufacture and supply of a $410 Mn $61.5 Mn High-performance Product (HPP) in the fluorochemical spa
Slide 8: COVID-19 Business Update
COVID-19 Business Update 25th March- 14th April 2020 14th April – 15th May 2020 16th May – Till Date Currently, all the plants manufacturing Temporary suspension of Manufacturing Restarted our operations from 14th April products for life science and crop science Business facilities (national lockdow
Slide 9: Safety measure implemented to fight against Covid-19
Safety measure implemented to fight against Covid-19 Employee maintaining social Social distancing Morning Sanitization at entry point distance at canteen area briefing Maintaining social distancing Daily thermal screening while traveling Fully serviced Ambulance of employees 8
Slide 10: Q4FY20: Robust Business Performance
Q4FY20: Robust Business Performance Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) 11% 29% 24% 265 67 28 60 56 24 244 56 23 60 26 50 52 46 22 81 51 50 25.4% 24 40 21 40 21.3% 20 52 22 30 30 19 104 21.4% 20 20 18 69 20 18.7% 17 10 18 10 43 54 16 0 16 0 15 Q4 FY19 Q4 FY
Slide 11: FY20: Strong Performance continues
FY20: Strong Performance continues Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) 7% 20% 18% 1,022 955 300 28 250 24 261 225 261 23 250 26 200 192 278 218 22 200 25.5% 24 21 207 22.0% 150 198 20 150 22.8% 22 20.1% 19 100 300 381 100 20 18 50 17 50 18 178 173 16 0 16 0
Slide 12: Increasing Share of High Value Business
Increasing Share of High Value Business Speciality Business Revenues (Rs. Crs) Growth momentum continues FY20 +52% +27% 104 381 • Strong Performance in domestic & export 42% 58% markets driven by higher volumes 300 69 • Product portfolio expansion and deeper penetration into existing users • Strong
Slide 13: Legacy Business Performance
Legacy Business Performance Refrigerant Business Revenues (Rs. Crs) Performance impacted by lower volumes FY20 -31% -6% • Lower volumes in Q4 driven by soft 81 278 261 demand in March due to lockdown 44% 56% 56 • Exports affected by quota issue faced by some of the buyers • Non-emissive applications
Slide 14: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q4 FY20 Q4 FY19 Y-o-Y % Q3 FY20 Q-o-Q % FY20 FY19 Y-o-Y % Net Revenue from Operations 265.0 244.3 8% 251.6 5% 1,022.3 955.1 7% Raw Material 120.9 121.8 107.1 464.9 455.4 Employee Expenses 30.0 23.2 29.3 111.8 96.9 Other Expenses 47.0 47.0 50.
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crs.) 31-Mar-20 31-Mar-19 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-20 31-Mar-19 Non-current assets 840.1 747.3 Property, Plant and Equipment 359.1 279.6 EQUITY 1,388.9 1,059.2 Capital work-in-progress 38.9 39.3 Equity Share Capital 9.9 9.9 Right-of-use Assets 10.
Slide 16: Other Income Built-up Q4
Other Income Built-up Q4 FY20 (Rs. Crs) Q4 FY19 (Rs. Crs) 5.3 13.0 0.9 4.4 -7.3 -5.2 6.7 4.4 Reported One Off MTM Gain Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 15 * One-Off Gain is towards Sale of Investments
Slide 17: Other Income Built-up FY
Other Income Built-up FY20 (Rs. Crs) FY19 (Rs. Crs) 31.3 34.8 -3.7 -8.3 -13.4 -6.5 16.5 17.7 Reported One Off MTM Gain Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 16 * One-Off Gain is towards Sale of Investments
Slide 18: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q4 FY20 Q4 FY19 Y-o-Y % Q3 FY20 Q-o-Q % FY20 FY19 Y-o-Y % Net Revenue from Operations 276.6 252.6 9% 260.5 6% 1,061.6 995.9 7% Raw Material 125.7 127.3 111.2 483.8 476.6 Employee Expenses 35.1 28.1 33.0 130.8 115.5 Other Expenses 47.0 45.7
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs.) 31-Mar-20 31-Mar-19 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-20 31-Mar-19 Non-current assets 844.9 746.5 Property, Plant and Equipment 364.2 285.0 EQUITY 1,412.2 1,072.4 Capital work-in-progress 38.9 39.3 Equity Share Capital 9.9 9.9 Right-of-use Assets 2
Slide 20: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs in Crs) 31-Mar-20 31-Mar-19 Profit before tax 257.8 224.4 Adjustments for noncash items 15.7 -0.9 Operating profit before working capital changes 273.5 223.5 Working capital adjustments -70.6 -61.5 Cash flows generated from operating activities 202.9 1
Slide 21: Business Overview
20 Ni Business Overview ‘? PADMANABH MAFATLAL, GROUP
Slide 22: Company Overview
Company Overview Manufacturing plants strategically located closer to major ports Strong Clientele base in India & abroad, including Global Innovators Largest Integrated Specialty Fluorochemical Company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with high pres
Slide 23: Rising up Fluorine Value-Pyramid
Rising up Fluorine Value-Pyramid… CRAMS ✓ Business progression from Contract research to contract manufacturing ✓ Manufacturing facility commercially operational Specialty Chemicals ✓ Introduction of new high value added molecules in portfolio ✓ Entry into newer geographies Inorganic Fluorides ✓ Int
Slide 24: Growth driven by Every Business Unit
… Growth driven by Every Business Unit Commenced CRAMS Inorganic Fluorides & Refrigerants are Commenced Specialty business in 2011 traditional business since 1967 Chemicals in 2000 Inorganic Fluorides – Specialty Chemicals – FY20 – Revenue % CRAMS* – 17% Refrigerants – 25% 20% 37% Refrigerants (Incl
Slide 25: Key Strengths
Key Strengths ✓ State-of-the-art R&D centre – Navin Research Innovation ✓ Pioneered Manufacturing of Refrigerant Gases in India Centre at Surat ✓ Over 45 years of experience in handling Fluorine ✓ DSIR approved R&D Centre ✓ Extensive expertise focusing on specialty fluorine chemistry ✓ Supports in p
Slide 26: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Special Dividend of 150% ✓ Continuous Dividend over 10 years Final 550% + Interim ✓ Special Dividend of 600% on FV of Rs. 10 in Special Dividend of 150% FY12 75% Special + 390% ✓ Special Divided of 75% on FV of Rs. 10
Slide 27: Contact
Contact For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L24110MH1998PLC115499 CIN : U74140MH2010PTC204285 Mr. Ketan Sablok Ms. Payal Dave / Ms. Neha Shroff Chief Financial Officer 98199 16314
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