Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (May 2024)
32 slides from Navin Fluorine International's investor presentation, Jun 27, 2024
Slide 1: Intimation of Schedule of Analyst / Institutional Investor Meets
June 27, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai 400001 Mumbai 400051 Scrip Code: 532504 Symbol: NAVINFLUOR Dear Sir/Madam, Subject: Intimation of Schedule of Analyst / Instit
Slide 2: Investor Presentation – May 2024
Investor Presentation – May 2024
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: Centenary birth year of Shri Arvind N. Mafatlal
Centenary birth year of Shri Arvind N. Mafatlal Arvind N. Mafatlal Postal Stamp Prime Minister Shri. Narendra Modi released a special postal stamp in honour of industrialist and philanthropist Shri Arvind Bhai Mafatlal to celebrate the centenary birth year of the late businessman and philanthropist
Slide 5: Q4FY24 & FY24 Operational Performance
Q4FY24 & FY24 Operational Performance
Slide 6: FY24 Performance at a glance (Y-o-Y)
FY24 Performance at a glance (Y-o-Y) Sales Operating EBITDA Operating EBITDA Margin FY24 Rs. 2,065.0 Crs Rs. 398.3 Crs 19.3% -0.6% -28% -720 bps Revenue Growth (Y-o-Y) Specialty HPP CDMO 14.1% 7.8% -41.5% • Consolidated Financials 5
Slide 7: Q4FY24 Performance at a glance
Q4FY24 Performance at a glance Sales Operating EBITDA Operating EBITDA Margin Q4FY24 Rs. 602.0 Crs Rs. 110.0 Crs 18.3% -14% -45% -1067 bps Revenue Growth (Y-o-Y) Specialty HPP CDMO 26.2% 2.5% -76.5% • Consolidated Financials 6
Slide 8: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues Q4FY24 Highlights +26% Sales increase reflects availability of full quarter capacity 257 ✓ at Dahej, higher utilization at Surat and addition of new 204 molecules ✓ 1 Molecule added at Dahej; 2 molecules added in Surat (incl. a performance material mo
Slide 9: Business Vertical - HPP
Business Vertical - HPP Revenues Q4FY24 Highlights Increase reflects sales from commissioned R32 capacity +3% ✓ offset by lower exports realizations and lower HFO. 289 297 ✓ Refrigerant Gas market showing signs of recovery ✓ HFO plant stablished – sales significantly higher than previous three quart
Slide 10: Business Vertical - CDMO
Business Vertical - CDMO Revenues Q4FY24 Highlights -76% ✓ Deferral of molecules impacted Q4FY24 sales 203 ✓ Order visibility from existing MSA with European CDMO major for FY25 – 50% order in hand. 48 Strategy in action - solid pipeline emerging of late stage/ ✓ commercial opportunities: Q4FY23 Q4F
Slide 11: Consolidated Profitability Statement
Consolidated Profitability Statement Y-o-Y Q-o-Q Y-o-Y Particulars (Rs. Crs.) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 Change % Change % Change % Net Revenue from Operations 602.0 697.1 -14% 500.1 20% 2,065.0 2,077.4 -1% Raw Material 301.0 283.7 229.7 935.4 896.0 Employee Expenses 71.3 73.0 74.5 285.8 249.
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Crs) FY24 FY23 Particulars (Rs. Crs) FY24 FY23 ASSETS EQUITY Non-Current Assets (a) Equity share capital 9.9 9.9 Property, plant and equipment 1,685.4 1,471.8 (b) Other equity Right use of assets 48.4 33.1 (i) Reserves & Surplus 2,216.3 2,019.2 Capital Wor
Slide 13: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (Rs. Crs.) FY24 FY23 Cash Flow from Operating Activities Profit before Tax 335.5 495.9 Adjustment for Non-Operating Items 87.6 81.1 Operating Profit before Working Capital Changes 423.1 576.9 Changes in Working Capital 361.0 -530.7 Cash Generated
Slide 14: Standalone Profitability Statement
Standalone Profitability Statement Y-o-Y Change Q-o-Q Change Y-o-Y Change Particulars (Rs. Crs.) Q4 FY24 Q4 FY23 Q3 FY24 FY24 FY23 % % % Net Revenue from Operations 396.6 451.4 -12% 358.7 11% 1,420.8 1,628.1 -13% Raw Material 203.6 186.6 176.7 667.3 715.3 Employee Expenses 57.9 56.2 53.9 209.5 203.0
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. Crs) FY24 FY23 Particulars (Rs. Crs) FY24 FY23 ASSETS EQUITY Non-Current Assets (a) Equity share capital 9.9 9.9 Property, plant and equipment 609.4 414.7 (b) Other equity Right use of assets 22.8 12.3 (i) Reserves & Surplus 2,140.8 1,980.0 Capital Work in P
Slide 16: Standalone Cash Flow Statement
Standalone Cash Flow Statement Cash Flow Statement (Rs. Crs.) FY24 FY23 Cash Flow from Operating Activities Profit before Tax 292.5 418.2 Adjustment for Non-Operating Items -27.7 30.7 Operating Profit before Working Capital Changes 264.8 448.9 Changes in Working Capital 325.9 -189.1 Cash Generated f
Slide 17: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Special Final Interim 750% 750% 150% 600% 550% 550% 550% 500% 150% 600% 150% 390% 350% 350% 300% 300% 315% 75% 200% 180% 210% 160% 160% 400% 140% 150% 150% 130% 110% 65% 75% 85% 85% 250% 250% 250% 250% 75% 85% 190% 170% 85% 100% 110% 65% 65
Slide 18: Navin Fluorine at a glance
PADMANABF MAFATLAL, GROUP.
Slide 19: Navin Fluorine – Trusted Global Partner
Navin Fluorine – Trusted Global Partner 01 One of the most respected Global Players in specialty fluorochemicals 02 Trusted partner to global Life science, Crop Science and Performance Material companies 03 Successful track record of disciplined execution Witnessing an exciting growth phase, making
Slide 20: Navin Fluorine at a glance
Navin Fluorine at a glance Manufacturing plants strategically located closer to major ports Strong global partners including pharma and Agro Innovators One of Largest Integrated Specialty Fluorochemical company in India Over 50 years of expertise in handling Fluorine Built “India’s only plant with h
Slide 21: Integrated Business Model
Integrated Business Model • Chemical Complex at Surat spread over 135 • Backward integration for Raw material acres, houses Refrigerant, Inorganic & through 25% JV partner in the only Specialty Chemicals Plants Fluorspar beneficiation company in India • cGMP Compliant facility for CDMO in • Diversif
Slide 22: Reinforcement of Trust
Reinforcement of Trust Delivering on the 3P Strategy (Product, Platform and Partnerships) through New Capex Programs $410 Mn Multi Year Contract in High Beginning of New Partnership in agrochemicals Performance Product (HPP) backed by multi year supply contract Manufacturing and supply of a new Fluo
Slide 23: Journey of Transformation continues…
Core Business Strategy Valuable and Presence into High- Customer’s clear Dependable demand specialized choice - Strong pillar Fluorochemical product basket of Partnership Company Increase share of CDMO & Innovation & Change growth Investment In MPP (Multi Specialty which now - Moving into the new Hi
Slide 24: ESG represents the foundation of our business
ESG represents the foundation of our business
Slide 25: Our Approach to Sustainability
Our Approach to Sustainability Approach Environment Social Governance ✓ Effective control systems ✓ Workforce ✓ Board of Directors ✓ Reducing greenhouse gas ✓ Customer and Vendors ✓ Integrity emissions ✓ Community ✓ Long Term ✓ Compliance ✓ Managed Expansion ✓ Audit ✓ Brand 24 24
Slide 26: Our Environment Conservation initiatives
Our Environment Conservation initiatives Reduce Zero Liquid Discharge (ZLD) Restore Reuse o We have Renewable Energy o Our Dewas unit’s zero liquid o Our Dewas unit participated in one of our sites and is in discharge facility utilises treated in Green Mahotsav by the o We are supplying some of its
Slide 27: Our Social initiatives
Our Social initiatives Customers Workforce & Community Vendors Strategic investments in its workforce, Strengthened engagements with Sustained stable engagements with including recruitment, retention and vendors, in addition to customers. Due communities surrounding its sites, training, to improve e
Slide 28: Governance Best Practice
Governance Best Practice Composition of Committees as Governance Programme on March 31, 2024 Out of four Members of Nomination Structured policies and processes and Remuneration Committee, addressed investor grievances three are Independent and one Non- Reported NO Executive ✓ Defaults for repayment
Slide 29: Balanced Board with Experience and Expertise
Balanced Board with Experience and Expertise Board Demographics meetings Board Independence during Highly FY2024 engaged 10 of 13 Board 18 Directors actively involved in NFIL’s 77% are Board Committee strategic transformation Independent 9 69 years median Board director's age Highly Experienced Boar
Slide 30: Board of Directors
Diversity of thought and experience Mr. Vishad P. Mafatlal (Chairman) Mr. Atul K. Srivastava (Independent Director) He is an industrialist having varied experience of over 26 Years in the field of Textiles and Chemicals. He holds a Bachelor of He has an experience of over 46 years in large corporate
Slide 31: Strengthening Community Engagement at Navin Fluorine
Strengthening Community Engagement at Navin Fluorine 7.45 Crores Total CSR expenditure for the year ended March 31, 2024 Contribution made towards the above trusts and activities CANCER PATIENT AID SHRI SADGURU SEVA SANGH CHARUTAR AROGYA BLIND PEOPLE’S ASSOCIATION TRUST (SSSST) MANDAL (CAM) ASSOCIAT
Slide 32: Thank You
Thank You For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Orient Capital (a division of Link Group) CIN : L24110MH1998PLC115499 Ms. Payal Dave +91 9819916314 Mr. Anish Ganatra payal.dave@linkintime.co.in Chief Financial Officer anish
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