National Fertilizers Ltd. · NSE:NFL
National Fertilizers — FY2018-19 Earnings Presentation
106 slides from National Fertilizers's earnings presentation, 2019
Slide 1: Financial Results FY 2018-19
Financial Results FY 2018-19 National Fertilizers Limited
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 31.03.2019. Authorized capital : Rs. 1,000.00 crore. Paid up capital : Rs. 490.58 crore. Net-worth : Rs. 2,219.02 crore. Shareholding Pattern as on 31.03.2019: Government of India 74.71% Financia
Slide 3: Brief on Urea Manufacturing Activities
BRIEF ON UREA MANUFACTURING ACTIVITIES UREA Vijaipur-I Vijaipur-II 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 9.999 10.662 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. : S. No. Products Located in No. of Annual Capacity of each streams stream (MT) Industrial Products 1. Nitric acid Nangal 2* 91410 2. Ammonium Nitrate Nangal 2*
Slide 5: Brief on Trading Activities
BRIEF ON TRADING ACTIVITIES (Sale Based) Cont… Traded Goods : S. No. Products 2015-16 2016-17 2017-18 2018-19 Imported Fertilizers LMT LMT 9. DAP 0.51 2.14 3.28 5.04 10. MOP - - 0.27 - 11. APS - - 0.26 0.26 12. NPK - - - 0.68 13. Urea (Govt A/C) - - - 3.70 14. BS 0.01 0.03 - - Total (9+10+11+12+13+1
Slide 6: Production of Urea
Production of Urea (Qty. in LMT) Production of Urea Plants 2015-16 2016-17 2017-18 2018-19 NANGAL 5.47 5.02 5.43 5.41 PANIPAT 5.67 5.43 5.60 5.74 BATHINDA 5.48 5.68 5.63 5.84 VIJAIPUR- I 9.92 10.58 10.50 10.28 VIJAIPUR-II 11.44 11.39 10.95 11.32 TOTAL 37.99 38.10054 38.10250 38.59 Capacity utilizati
Slide 7: Performance Highlights FY 2018-19
PERFORMANCE HIGHLIGHTS FY 2018-19 Ever best achievements since formation of NFL during the FY 2018-19. 1. Production of Urea: 38.59 LMT [CPLY 38.10 LMT] 2. Import of DAP/ MOP/APS/ NPK/Urea (Govt. Account): 13.90 LMT [CPLY 4.47 LMT] 3. Sale of DAP/MOP/APS/NPK/BS/Urea (Govt a/c Imported) : 9.68 LMT
Slide 8: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 4 Years) (Rs. crore) SL .No. Particulars 2015-16 2016-17 2017-18 2018-19 1 Production (Urea) (LMT) 37.99 38.10054 38.10250 38.59 2 Capacity Utilization w.r.t. RAC (Urea %) 117.60 117.90 117.94 119.46 3 Sale of Urea (LMT) 36.41 37.58 39.16 38.98 4 Sale of
Slide 9: Financial Performance at a Glance (continued)
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 4 Years) (Rs. crore) Particulars 2015-16 2016-17 2017-18 2018-19 SL. No. 18 Net Fixed Assets 4291 4109 4144 4127 19 Working Capital 1487 1424 981 1203 20 Long Term Borrowings 1828 981 170 341 STL* (without SBA) 4296 1989 2695 4670 SBA 0 1165 195 1452 21 T
Slide 10: Sales (Preceding Years)
SALES (Preceding 4 Years) SL .No. Particulars 2015-16 2016-17 2017-18 2018-19 1 Sale of Urea (LMT) 36.41 37.58 39.16 38.98 2a Sale of Traded Goods:- (Fertilizers) 1. DAP (LMT) 0.51 2.14 3.28 5.04 2. MOP (LMT) - - 0.27 - 3. APS (LMT) - - 0.26 0.26 4. NPK(LMT) - - - 0.68 5. Urea (Govt. ) - - - 3.70 6.
Slide 11: 5 Years Growth Trends
| A Z NFL 5 YEARs GROWTH & TRENDS
Slide 12: Sale of All Fertilizers (Quantity)
Sale of All Fertilizers (Quantity ) LMT All Fertilizers 3.70 Urea Traded 50.00 3.93 6.27 Compost, Bio- 40.00 Fertilizers & Quantity in LMT 2.20 Other Traded 0.004 0.51 Goods 30.00 39.16 38.98 Urea 36.57 36.41 37.58 Manufactured 20.00 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 13
Slide 13: Sale of Urea Manufactured (Quantity)
Sale of Urea Manufactured (Quantity ) LMT Sale of Urea (Manufactured) 40.00 39.16 38.98 38.00 37.58 36.79 36.41 Quantity in LMT 36.00 34.00 32.00 30.00 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period CAGR (Combined Annual Growth Rate) of 1.19% during 5 Years. 13
Slide 14: Sale of Urea (Manufactured + Traded)
Sale of Urea (Manufactured + Traded(Govt. a/c) (Quantity ) LMT Sale of Urea (Manufactured+Traded) 45.00 Sale of Urea 3.70 Quantity in LMT (Traded) 40.00 0 0 0 0 35.00 39.16 38.98 Sale of Urea 36.57 37.58 36.41 (Manufactured) 30.00 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 8.99%
Slide 15: Sale of Traded Fertilizers (Quantity)
Sale of Traded Fertilizers (Quantity) LMT Sale of Traded Fertilizers 0.21 DAP 10.00 0.26 0.68 Urea 8.00 Quantity in LMT 3.70 NPK 6.00 0.27 APS 4.00 0.26 0.12 0.03 BS 5.04 2.00 0.03 3.28 0.01 2.14 Compost 0.009 0.00 0.51 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Mop Period 15
Slide 16: Sale of DAP (Quantity)
Sale of DAP (For 3 years)(Quantity) LMT DAP 5.04 6.00 3.28 5.00 Quantity in LMT 4.00 2.14 3.00 2.00 1.00 0.00 FY 16-17 FY 17-18 FY 18-19 Period 16
Slide 17: Sale of Industrial Products including Technical Surplus Ammonia
Sale of Industrial Products including Technical Surplus Ammonia (Quantity) LMT Total Industrial Products 0.90 0.87 0.84 0.80 0.80 0.70 Quantity in LMT 0.60 0.57 0.51 0.50 0.40 0.30 0.20 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 3.57% as compared to CPLY. CAGR of 14.12% during
Slide 18: Sale Value of All Fertilizers
Sale value of All Fertilizers (Rs. crore) Sale Value of all Fertilizers 11976.53 12000 11000 Sale Values in Rs. crore 10000 9000 8733.61 8404.93 8000 7527.65 7410.93 7000 6000 5000 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 37.13% as compared to CPLY. CAGR of 8.50% during 5 Ye
Slide 19: Sale Value of All Products
Sale value of All Products (Rs. crore) Urea +Traded Goods+ IP etc. 13000 12214.03 12000 Sale Values in Rs. crore 11000 10000 8928.29 9000 8519.69 8000 7794.00 7643.36 7000 6000 5000 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 36.80% as compared to CPLY. CAGR of 8.67% during 5 y
Slide 20: EBITDA
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) (Rs. crore) EBITDA 900 825.06 800 700 Value in Rs. crore 600 556.97 555.21 535.86 500 400 382.00 300 200 100 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 53.97% as compared to CPLY. CAGR of 23.20% during 5 yea
Slide 21: EBITDA to Gross Sale %
EBITDA TO GROSS SALE % EBITDA TO GROSS SALE % 8.00% 7.17% 7.26% 7.00% 6.76% 6.03% 6.00% Value in % 5.00% 4.42% 4.00% 3.00% 2.00% 1.00% 0.00% FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period 21
Slide 22: Subsidy Accrued vs Subsidy Outstanding
Subsidy accrued V/S Subsidy outstanding (Rs. crore) Subsidy accrued V/S subsidy outstanding after receipt of SBA 9000 8295.68 8000 7000 Subsidy 6461.14 Value in Rs. crore accrued 5934.55 6000 5430.64 4975.41 4958.15 5110.17 5000 4604.28 Subsidy Outstanding 4000 3501.34 2879.93 3000 2000 1000 FY 14-1
Slide 23: Finance Cost
Finance cost (Rs. crore) Finance cost 350 316.36 301.36 300 Value in Rs. crore 250 227.88 200 189.84 189.57 150 100 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Finance cost has increase by Rs 126.79 crore as compared to CPLY (66.88%) due to higher interest rate, higher average borrowings,
Slide 24: Profit Before Tax (PBT)
Profit Before Tax (PBT), (Rs. crore) PBT 500 463.37 400 334.83 Value in Rs. crore 324.88 300 288.42 200 100 44.72 0 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Despite increase in o/s subsidy and finance cost, PBT has increased. Growth of 38.39 % as compared to CPLY. CAGR of 187.23% du
Slide 25: PBT from Manufacturing and Trading
PBT from Manufacturing and Trading (Rs. crore) PBT Break up (Manufactured products and Traded products) 120.41 450.00 400.00 PBT from Value in Rs crore 350.00 77.02 Trading 4.76 50.86 300.00 250.00 200.00 150.00 342.96 283.66 274.03 257.81 PBT from 100.00 Manufacturing 1.11 50.00 43.61 0.00 FY 14-15
Slide 26: Profit After Tax (PAT)
Profit After Tax (PAT) (Rs. crore) Profit After Tax (PAT) 298.45 300 250 Value in Rs. crore 208.16 212.77 198.62 200 150 100 50 26.24 0 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period Growth of 40.26 % as compared to CPLY. CAGR of 207.48 % during 5 years. 26
Slide 27: Earning Per Share (EPS)
Earning Per Share (EPS)(Rs./share) Earning Per Share (EPS) 7 6.08 6 5 4.34 4.05 4.24 Rs./share 4 3 2 1 0.53 0 FY 14-15 FY 15-16 FY 16-17 FY 17-18 2018-19 Period EPS increased by Rs 1.74 i.e growth of 40.% as compared to CPLY. CAGR of 209.43% during 5 years. 27
Slide 28: Short Term Borrowings
Short Term Borrowings (Rs. crore) Short Term Borrowings including SBA* 6122 6500 5500 5002 Value in Rs. crore 4500 4296 3500 3154 2890 2500 1500 500 FY 14-15 FY 15-16 FY 16-17 FY 17-18 FY 18-19 Period *Borrowings at concessional interest rate arranged by GoI through special banking arrangement in li
Slide 29: Performance for the FY 2018-19
PERFORMANCE FOR THE FY 2018-19 29
Slide 30: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars FY 2018-19 CPLY Increase/(decrease) Rs. crore % Total Revenue From Operation 12245.24 8954.36 3290.88 37 Total Expenses 11420.18 8418.50 3001.68 36 Earnings before interest, depreciation and 825.06 535.86 289.20 54 tax (EBITDA) Add : Other Income 55.81 61.
Slide 31: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars FY 2018-19 CPLY Increase/(decrease) LMT LMT LMT % Urea Production 38.59 38.10 0.49 1 Urea Sale (Produced) 38.98 39.16 (0.18) - DAP/ MOP/APS/ NPK/BS/Urea 13.90 4.47 8.99 201 (Govt A/c Imported) purchase DAP/ MOP/APS/ NPK/BS/Urea 9.68 3.81 5.87 154 (Govt A/c
Slide 32: Urea Stock
UREA STOCK (LAKH MT) Unit As on As on As on Variance w.r.t. 31.03.2019 31.12.2018 31.03.2018 Mar - 18 Silo stock 0.36 0.36 0.91 (0.55) Material-in-Transit 0.39 0.31 0.40 (0.01) (MIT) Warehouse stock 0.27 0.05 0.10 0.17 Total stock 1.02 0.72 1.41 (0.39) Details of silo stock Nangal 0.04 0.04 0.09 (0.
Slide 33: Stock of Traded Fertilizer
Stock of Traded Fertilizer (MT) Unit As on As on Increase/ 31.03.2019 31.03.2018 (Decrease) DAP 3.09 - 3.09 NPK 0.51 0.39 0.12 APS - 0.26 (0.26) Urea (Govt. Account) 1.25 - 1.25 Total 4.85 0.65 4.20 Out of 4.85LMT stock of Imported fertilizers which includes 3.34 LMT lying at port and 0.45 LMT in
Slide 34: Sale Value & Quantity Break-up for the FY 2018-19
SALE VALUE & QUANTITY BREAK-UP FOR THE FY 2018-19 34
Slide 35: Sale Quantity and Value of Manufactured Fertilizers
Sale quantity with value of Manufactured Fertilizers (Urea, Bio Fertilizer & BS) FY 2018-19 CPLY Inc./ (Dec.) Qty./Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. crore) (Rs. crore) (Rs. crore) with CPLY % (A) Manufactured Fertilizers (urea) 1. Sales of urea (LMT) 38.98 2024.83 39
Slide 36: Sale of Traded Fertilizers & Other Traded Goods
Sale quantity and value of Traded Fertilizers & Other Traded Goods (i.e. Agro Chemicals & Seeds) FY 2018-19 CPLY Inc./ (Dec.) Qty. /Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. crore) (Rs. crore) (Rs. crore) with CPLY % (C)Traded Fertilizers (C.1) Imported Fertilizers 1. DAP (L
Slide 37: Sale of Industrial & Other Products
Sale quantity and value of Industrial & Other Products FY 2018-19 CPLY Inc./ (Dec.) Qty./Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. crore) (Rs. crore) (Rs. crore) with CPLY % E. Industrial & Other Products 1. Nitric Acid (MT) 70606 145.38 69403 123.96 21.42 2 2. Ammonium Nitr
Slide 38: Break up of Revenue from Services and Other Operating Revenue
Break up of Revenue from services and other operating revenue (Rs. crore) Particulars FY 2018-19 CPLY F. Revenue from Services i. Training & Recruitment for other organisation 10.28 0.02 Total 10.28 0.02 G. Other operating revenue i. Sale of Scrap 5.02 9.11 ii. Liquidated Damages recovered from Cont
Slide 39: Break up of Other Income
Break up of other income (Preceding 4 Years) (Rs. crore) SL .No. Particulars 2017-18 2018-19 A) Interest Income on Financial Assets measured at amortised cost i) Term Deposits etc. 2.09 3.62 ii) Loan to employees 0.50 0.51 iii) Unwinding of Interest accrued on Deposits 0.35 1.66 iv) Others 2.04 1.10
Slide 40: Revenue and Profit Break up
Revenue and Profit Break up (Rs. crore) Particulars Revenue PBT FY 2018-19 CPLY FY 2018-19 CPLY A. Manufactured Fertilizers 9521.56 7625.23 (Urea) B. Manufactured Fertilizers (other than Urea) 12.65 1.43 E. Industrial & Other products 342.96 257.81 200.90 172.54 F. Revenue From Services 10.28* 0.02
Slide 41: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LAKH MT) Zonal Offices FY 2018-19 CPLY Increase/ (Decrease) Chandigarh(6 States) 17.16 16.46 0.70 Bhopal (6 States) 11.94 11.05 0.89 Lucknow (5 States) 9.88 11.65 (1.77) TOTAL 38.98 39.16 (0.18) New Hyderabad zonal office covering 6 states has been operationalized w.e.f.
Slide 42: Plant Locations, Marketing Territory, Port Handling & JV
(Plant Locations, Marketing Territory, Port handling & JV) 42
Slide 43: Farmers' Education Programs
Farmers’ education programs for balanced use of Fertilizers etc. (Under Agriculture extension Services) Sr. Program / Activity 2018-19 Nos. of No. of Programs Farmers 1 Training / Education Programs for a One day Training Programs for Dealers/Retailers/Cooperatives/m- 50 2420 FMS/DBT/FAI Trainings b
Slide 44: Revenue From Operation Growth FY 2018-19
Revenue From Operation Growth For FY 2018-19 Rs. 12245.24 crore (FY-2018-19) (37%) Rs. 8954.36 crore (FY-2017-18) 44
Slide 45: Sale Breakup All Fertilizers
Sale Breakup All Fertilizers % Sale FY-2018-19 CPLY Urea Bentonite (Govt. Bentonite Compost Bio NPK Sulphur NPK APS A/C) Sulphur 0.05% Fertilizers 1.89% 0.09% 0.00% 0.53% Compost Imported 0.00% 0.02% 2.17% APS Urea 0.07% Bio 0.71% (Govt. MOP Fertilizers A/C) 0.00% 0.02% MOP Imported 0.62% DAP 0.00%
Slide 46: Sale Breakup Fertilizers vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale FY-2018-19 CPLY All Fertilizers All Fertilizers + + Agri Agri Related Related 1.64% Business 1.93% Business IP (Including IP (Including Technical Technical Surplus Surplus Ammonia & 98.36% Carbon slurry & 98.07% Amm
Slide 47: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) FY-2018-19 FY-2017-18 Other Fertilizer Fertilizer Products & Trading , ₹ Other Trading , ₹ services, ₹ 2,442.32, Products & 1,106.95, 220.75, 19.95% services, ₹ 12.36% 2.47% 268.71, 2.19% Own
Slide 48: Sale Quantity and Value of Manufactured Urea
Sale Quantity and Value of Manufactured Urea For FY 2018-19 & 2017-18 Quantity Value 38.98 LMT Rs. 9521.56 crore (FY-2018-19) (FY-2018-19) (25%) (0.46%) 39.16 LMT Rs. 7625.23 crore (FY-2017-18) (FY-2017-18) 48
Slide 49: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 9.97 LMT Rs. 2442.32 crore (FY-2018-19) (FY-2018-19) (153.69 (121%) %) 3.93 LMT Rs. 1106.95 crore (FY-2017-18) (FY-2017-18) 49
Slide 50: Sale of Industrial Products & Other Products
Sale Quantity & Value of Industrial Products & Other Products 0.87 LMT Rs. 200.90 crore (FY-2018-19) (FY-2018-19) (16.44%) (4%) 0.84 LMT Rs. 172.54 crore (FY-2017-18) (FY-2017-18) 50
Slide 51: Sale of Agro chemicals
Sale of Agro chemicals (KG/Ltr.) Agro chemicals 700000 640533 600000 500000 Qty in Kgs/Ltrs 369533 400000 300000 200000 100000 0 FY 2017-18 FY 2018-19 Period 51
Slide 52: Details of Expenses for the FY 2018-19
DETAILS OF EXPENSES FOR THE FY 2018-19 52
Slide 53: Details of Expenses for FY 2018-19
Details of Expenses for FY 2018-19 Particulars FY 2018-19 CPLY Increase/ Remarks (Decrease) Production of urea (LMT) 38.59 38.10 0.49 Higher by 0.49 LMT during FY18-19 Sale of urea (LMT) 38.98 39.16 (0.18) (Rs. crore) (Rs. crore) (Rs. crore) Cost of Materials consumed 4738.34 3399.15 1339.19 Increas
Slide 54: Purchase of Traded Goods
Purchase of Traded goods (Qty. and Value) FY 2018-19 CPLY Increase/ Qty. Value Value (Decrease) Inc./ (Dec.) ParticularsRs. Qty. (Rs. Qty. (Rs. with CPLY with CPLY crore) crore) (Rs. crore) % DAP (IMP) (LMT) 8.13 2517.05 3.29 783.10 1733.95 147 Qty. MOP (IMP) (LMT) - - 0.27 39.56 (39.56) - APS (IMP)
Slide 55: Purchase Value and Quantity of Traded Fertilizers
Purchase Value and Quantity of Traded Fertilizers Quantity Value 14.12LMT Rs. 2935.94 crore (FY-2018-19) (FY-2018-19) (207.63%) (192.46%) 4.59 LMT Rs. 1003.89 crore (FY-2017-18) (FY-2017-18) 55
Slide 56: Urea Production, On Stream Days & Energy Consumption
UREA PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE FY 2018-19 56
Slide 57: Urea Production
UREA PRODUCTION Lakh MT FY 2018-19 FY 2017-18 Variance with CPLY Unit Actual Actual Nangal 5.41 5.43 (0.02) Panipat 5.74 5.60 0.14 Bathinda 5.84 5.62 0.22 Vijaipur I 10.28 10.50 (0.22) Vijaipur II 11.32 10.95 0.37 Total 38.59 38.10 0.49 Production of urea during the period was higher at Bathinda a
Slide 58: Production of Urea Trend of 4 Years
Production of Urea treand of 4 years (Qty. in LMT) Production of Urea 2015-16 2016-17 2017-18 2018-19 Units Annual Annual Annual Annual 5.47 5.02 5.43 5.41 NANGAL 5.67 5.43 5.60 5.74 PANIPAT 5.48 5.68 5.63 5.84 BATHINDA 9.92 10.58 10.50 10.28 VIJAIPUR- I 11.45 11.39 10.95 11.32 VIJAIPUR-II 37.99 38.
Slide 59: On-Stream Days Trend
On-Stream Days trend of 4 Years (No. of Days) Stream Days 2015-16 2016-17 2017-18 2018-19 Units Annual Annual Annual Annual 342 316 334 331 NANGAL 348 334 342 347 PANIPAT 336 349 342 355 BATHINDA 328 349 346 343 VIJAIPUR- I 347 338 320 348 VIJAIPUR-II 59
Slide 60: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Energy Norms for Actual Energy Units Norms for 2018-19* 2017-18 FY 2018-19 FY 2017-18 Nangal 7.083 7.095 6.720 6.819 Panipat 7.592 7.614 6.698 6.762 Bathinda 7.459 7.479 6.720 6.859 Vijaipur I 5.896 5.904 5.891 5.753 Vijaipur II 5.500 5.569 5.426 5
Slide 61: Energy Consumption Trend of 4 Years
ENERGY CONSUMPTION TREND OF 4 YEARS (GCAL/MT OF UREA) Units FY 2018-19 FY 2017-18 FY 2016-17 FY 2015-16 Nangal 6.720 6.819 7.012 7.012 Panipat 6.698 6.762 7.112 7.259 Bathinda 6.720 6.859 6.924 7.003 Vijaipur I 5.891 5.753 5.784 5.750 Vijaipur II 5.426 5.372 5.364 5.410 61
Slide 62: Analysis of Finance Cost
| M7 Analysis of Finance Cost
Slide 63: Break Up of Total Finance Cost FY 2018-19
BREAK UP OF TOTAL FINANCE COST FOR FY 2018-19 Rs. crore The finance cost for the year ended March-2019 was Rs. 316.36 crore as compared to Rs. 189.57 crore during CPLY as per details below :- Particulars FY 2018-19 CPLY Increase/ (Decrease) Interest on Long Term Loans 8.78 8.07 0.71 Interest on work
Slide 64: Analysis of Finance Cost on Working Capital
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR FY 2018-19 Rs. crore Increase/ Particulars FY 2018-19 CPLY (Decrease) Interest on working capital Loans (excluding interest on Imported trading activities) 240.61 134.34 106.27 Interest on Imported Trading Activities 55.07 35.66 19.41 Other borrowing c
Slide 65: Steps Taken to Reduce Finance & Forex Cost
STEPS TAKEN TO REDUCE FINANCE & FOREX COST Company has adopted the strategy of borrowing through CP for a period of 30 to 90 days, with maturity within the quarter instead of maturity crossing the quarter, as CP borrowing with maturity within the quarter is generally cheaper by 0.20% to 0.25%. The
Slide 66: Profit Variance Analysis for FY 2018-19
PROFIT VARIANCE ANALYSIS FOR FY 2018-19 Company has earned profit before tax of Rs. 463.37 crore during FY 2018-19 as against profit before tax of Rs. 334.83 crore during CPLY i.e. an increase in profit by Rs. 128.54 crore (38%). PBT has increased mainly due to: 1. Decrease in energy consumption at
Slide 67: Performance for the Quarter March-2019
PERFORMANCE FOR THE QUARTER MARCH-2019 67
Slide 68: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars Qtr. March- CPLY Increase/(decrease) 2019 Rs. crore % Total Revenue From Operation 3088.14 2099.74 988.40 47 Total Expenses 2849.70 1955.57 894.13 46 Earnings before interest, depreciation and 238.44 144.17 94.27 65 tax Add : Other Income 14.11 24.09 (9.98
Slide 69: Revenue From Operation Growth
Revenue From Operation Growth Rs. 3088.14 crore (Qtr. March-2019) (47%) Rs. 2099.74 crore (Qtr. March-2019) 69
Slide 70: Production, Purchase & Sale
PRODUCTION, PURCHASE & SALE LMT Particulars Qtr. March- CPLY Increase/(decrease) 2019 LMT % Urea Production 9.70 9.62 0.08 1 Urea Sale 9.40 8.97 0.43 5 DAP/ MOP/APS/ NPK/BS/Urea 5.86 0.65 4.77 902 (Govt A/c Imported) purchase DAP/ MOP/APS/ NPK/BS/Urea 4.41 0.09 4.32 4800 (Govt A/c Imported) Sale Com
Slide 71: Sale Value & Quantity Break-up for the Quarter March-2019
SALE VALUE & QUANTITY BREAK-UP FOR THE QUARTER MARCH-2019 71
Slide 72: Sale of Manufactured Fertilizers
Sale quantity and value of Manufactured Fertilizers (Urea & Products other than urea) Qtr. March-2019 CPLY Inc./ (Dec.) Qty./Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. (Rs. crore) with CPLY % crore) (Rs. crore) (A) Manufactured Fertilizers (urea) 1. Sales of urea 9.40 491.29
Slide 73: Sale of Traded Fertilizers & Other Traded Goods
Sale quantity and value of Traded Fertilizers & Other Traded Goods Qtr. March-2019 CPLY Inc./ (Dec.) Qty. /Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. crore) (Rs. crore) (Rs. crore) with CPLY % (C)Traded Fertilizers (C.1) Imported Fertilizers 1. DAP (LMT) 1.09 412.65 0.06 12.5
Slide 74: Sale of Industrial & Other Products
Sale quantity and value of Industrial & Other Products Qtr. March-2019 CPLY Inc./ (Dec.) Qty. /Val. Particulars Value (Rs. Value with CPLY Inc./ (Dec.) Qty. Qty. crore) (Rs. crore) (Rs. crore) with CPLY % E. Industrial & Other Products 1. Nitric Acid (MT) 17370 34.00 18952 37.05 (3.05) (8) 3567 11.8
Slide 75: Revenue and Profit Break up
Revenue and Profit Break up (Rs. crore) Particulars Revenue PBT Qtr. March- Qtr. March- CPLY CPLY 2019 2019 A. Manufactured Fertilizers 2341.38 2012.33 (Urea) B. Manufactured Fertilizers (other than Urea) 5.84 0.35 E. Indistrial & Other products 50.94 52.94 86.12 111.76 F. Revenue From Services 2.37
Slide 76: Sale of Urea (Zone Wise)
SALE OF UREA (ZONE WISE) (LMT) Zonal Offices Jan-Mar 2019 Jan-Mar 2018 Increase/ (Decrease) Chandigarh (6 states) 4.32 3.42 0.90 Bhopal (6 states) 2.75 2.80 (0.05) Lucknow (5 states) 2.33 2.75 (0.42) TOTAL 9.40 8.97 0.43 Chandigarh Zone has performed better in term of increase in sale of urea in c
Slide 77: Total Revenue from Operation Growth in Qtr. March
Total Revenue from Operation Growth in Qtr. March 2019 Rs 3088.14crore (Qtr. March-2019) (47%) Rs. 2099.74 crore (Qtr. March-2018) 77
Slide 78: Sale Breakup All Fertilizers
Sale Breakup All Fertilizers (% sale) Qtr-March-2019 CPLY Urea (Govt. A/C) Bentonite Bentonite NPK Imported Sulphur Sulphur Bio Compost APS 0.85% 7.59% 0.18% 0.01% Fertilizers APS 0.05% 0.00% Compost 0.02% 0.34% 0.04% Bio NPK Fertilizers 0.00% Urea (Govt. MOP 0.01% MOP A/C) 0.00% 0.17% Imported DAP
Slide 79: Sale Breakup Fertilizers vs Industrial Product
Sale Breakup of All Fertilizers + Agri related Business Vs Industrial Product % Sale Qtr-March-2019 CPLY All Fertilizers + All Fertilizers Agri Related + Agri Related 1.66% Business 2.53% Business IP (Including IP (Including Technical Technical Surplus Surplus 98.34% 97.47% Ammonia & Ammonia & Carbo
Slide 80: Sale Breakup Segment wise
Sale Breakup Segment wise-Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) Qtr-March-2019 Other Qtr-March-2018 Other Products & Products & Fertilizer services, ₹ services, ₹ Trading , ₹ Fertilizer 72.85, 62.91, 668.07, Trading , ₹ 2.36% 3.00% 21.63% 24.15, 1.15% Own
Slide 81: Urea Sales Quantity & Value
Urea Sales Quantity & Value Quantity Value 9.40 LMT Rs. 2341.38 crore (Qtr. March-2019) (Qtr. March-2019) (5 %) (16%) 8.97 LMT Rs. 2012.33 crore (Qtr. March-2018) (Qtr. March-2018) 81
Slide 82: Traded Fertilizers Sale Quantity & Value
Traded Fertilizers Sale Quantity & Value Quantity Value 4.46 LMT Rs. 668.07 crore (Qtr. March-2019) (Qtr. March-2019) (2665.2%) (4360%) 0.10 LMT Rs. 24.16 crore (Qtr. March-2018) (Qtr. March-2019) 82
Slide 83: Details of Expenses for the Quarter March-2019
DETAILS OF EXPENSES FOR THE QUARTER MARCH-2019 83
Slide 84: Details of Expenses for Qtr. March
Details of Expenses for Qtr. March 19 Particulars Qtr. CPLY Increase/ Remarks March- (Decrease) 2019 Production of urea (LMT) 9.70 9.62 0.08 Higher by 0.0.08 LMT Sale of urea (LMT) 9.40 8.97 0.43 (Rs. crore) (Rs. (Rs. crore) crore) Cost of Materials Due to increase in production by 0.08 LMT and 1205
Slide 85: Purchase of Traded Goods
Purchase of Traded goods (Qty. and Value) Qtr. March-2019 CPLY Increase/ Qty. Value (Decrease) Inc./ (Dec.) ParticularsRs. Value Qty. Qty. (Rs. with CPLY with CPLY (Rs. crore) crore) (Rs. crore) % DAP (IMP) (LMT) 2.24 668.35 - (0.46)* 668.81 - MOP (IMP) (LMT) - - - (0.02)* 0.02 - APS (IMP) (LMT) - 0
Slide 86: Purchase Value and Quantity of Traded Fertilizers
Purchase Value and Quantity of Traded Fertilizers Quantity Value 5.89LMT Rs. 899.34 crore (Qtr. March-2019) (Qtr. March-2019) (806.15%) (570%) 0.65 LMT Rs. 134.23 crore (Qtr. March-2018) (Qtr. March-2018) 86
Slide 87: Production, On Stream Days & Energy Consumption for the Quarter
PRODUCTION, ON STREAM DAYS & ENERGY CONSUMPTION FOR THE QUARTER MARCH-2019 87
Slide 88: Urea Production (Quarterly)
UREA PRODUCTION (Quarterly) Lakh MT Jan-March 2019 Jan-March 2018 Variance with CPLY Unit Actual Actual Nangal 1.44 1.15 0.29 Panipat 1.51 1.18 0.33 Bathinda 1.40 1.50 (0.10) Vijaipur I 2.65 2.72 (0.07) Vijaipur II 2.70 3.07 (0.37) Total 9.70 9.62 0.08 Production of urea during the quarter was hig
Slide 89: Production of Urea in 4th Quarter
Production of Urea in 4th Quarter in Preceeding 3 years (Qty. in LMT) Production of Urea for the 4th Quarter (Jan to March) 2015-16 2016-17 2017-18 2018-19 Units Q4 Q4 Q4 Q4 NANGAL 1.27 1.19 1.15 1.44 PANIPAT 1.43 1.44 1.18 1.51 BATHINDA 1.50 1.38 1.50 1.40 VIJAIPUR- I 2.59 2.56 2.72 2.65 VIJAIPUR-I
Slide 90: Stream Days for the 4th Quarter
On-Stream Days (for the 4th Quarter in Preceding 4 Years) (No. of Days) Stream Days for the 4th Quarter (Jan to March) 2015-16 2016-17 2017-18 2018-19 Units Q4 Q4 Q4 Q4 NANGAL 79 75 75 86 PANIPAT 86 88 71 90 BATHINDA 89 83 90 85 VIJAIPUR- I 84 85 89 90 VIJAIPUR-II 91 80 88 84 90
Slide 91: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms for Actual Energy Units 2018-19 Jan-March 2019 Jan-March 2018 Nangal 7.083 6.841 7.012 Panipat 7.592 6.729 6.736 Bathinda 7.459 6.768 6.709 Vijaipur I 5.896 5.838 5.669 Vijaipur II 5.500 5.473 5.292 Energy consumption during the current per
Slide 92: Profit Variance Analysis for Qtr Ended 31st March 2019
PROFIT VARIANCE ANALYSIS FOR QTR ENDED 31st MARCH 2019 Company has earned profit before tax of Rs. 119.65 crore during qurter ended 31st March 2019 as against profit before tax of Rs. 104.24 crore during CPLY i.e. an increase in profit by Rs. 15.41crore (14.78%). PBT has increased mainly due to: 1.
Slide 93: Break Up of Total Finance Cost for Qtr. March 2019
BREAK UP OF TOTAL FINANCE COST FOR Qtr. March 2019 Rs. crore Particulars Qtr. CPLY Increase/ March 2019 (Decrease) Interest on Long Term Loans (ECB) 3.05 1.65 1.40 Interest on working capital Loans 65.96 34.15 31.81 (excluding interest on fertilizer Imported trading activities) Other borrowing costs
Slide 94: Analysis of Finance Cost on Working Capital
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR Qtr. March 2019 Rs. crore Increase/ Particulars Qtr. March 2019 CPLY (Decrease) Interest on working capital Loans (excluding interest on Imported trading activities) 65.96 34.15 31.81 Interest on Imported Trading Activities 19.35 6.57 12.78 Other borro
Slide 95: Quarter wise Revenue From Operation, EBITDA, PBT & PAT
Quarter wise Revenue From Operation, EBITDA,PBT & PAT For FY 2018-19 & 2017-18 95
Slide 96: Quarter wise Revenue From Operation
Quarter wise Revenue From Operation for FY 2018-19 & 2017-18 Rs. crore Revenue From Operation 4000 3768.78 3500 3237.74 3088.14 3000 2834.78 Value in Rs. crore 2500 2150.58 2139.88 2099.74 2018-19 2000 1879.96 1500 2017-18 1000 500 0 Q1 Q2 Q3 Q4 Period 96
Slide 97: Quarter wise EBITDA
Quarter wise EBITDA for FY 2018-19 & 2017-18 Rs. crore EBITDA 300 250 238.05 238.44 211.49 Value in Rs. Crore 200 171.75 137.08 144.17 150 122.90 2018-19 97.04 100 2017-18 50 0 Q1 Q2 Q3 Q4 Period 97
Slide 98: Quarter wise EBITDA to Revenue %
Quarter wise EBITDA to Revenue from Operation % for FY 2018-19 & 2017-18 Rs. crore EBITDA to Revenue from Operation % 9.00% 8.03% 8.00% 7.72% 6.77% 6.53% 6.87% 7.00% 6.32% 6.00% 4.89% 5.00% 4.34% 4.00% 2018-19 2017-18 3.00% 2.00% 1.00% 0.00% Q1 Q2 Q3 Q4 Period 98
Slide 99: Quarter Wise PBT
Quarter Wise PBT for FY 2018-19 & 2017-18 Rs. crore PBT 180 166.05 160 140 119.65 Value in Rs. crore 120 111.76 103.47 104.24 2018-19 100 87.46 80 65.91 2017-18 60 39.66 40 20 0 Q1 Q2 Q3 Q4 Period 99
Slide 100: Quarter Wise PAT
Quarter Wise PAT for FY 2018-19 & 2017-18 Rs. crore PAT 120 103.92 100 80.88 Value in Rs. Crore 80 72.43 66.72 67.68 2018-19 60 52.5 41.22 2017-18 40 25.87 20 0 Q1 Q2 Q3 Q4 Period 100
Slide 101: Segment Results for FY 2018-19
SEGMENT RESULTS FOR FY 2018-19 101
Slide 102: Segment Results
SEGMENT RESULTS Rs. crore Particulars Jan – March 19 Jan – March 18 FY 2018-19 FY 2017-18 Segment Revenue (Net Sales) Own Fertilizers (Urea, BS and 2347.22 2012.68 9534.21 7626.66 Bio-fertilizers) 76.01% 95.85% 77.86% 85.17% Fertilizer Trading 668.07 24.15 2442.32 1106.95 21.63% 1.15% 19.95% 12.36%
Slide 103: New Projects and Other Activities
NEW PROJECTS AND OTHER ACTIVITIES 103
Slide 104: Projects and Other Activities Status
Project s and Other Activities status Commercial production of Bentonite Sulphur Plant at Panipat with annual capacity of 25000 MT declared w.e.f. 20.09.2018. Company has contributed Rs. 273.69 crore towards equity in its JV Company (RFCL) out of total requirement Rs. 396 crore. Term loan has
Slide 105: Overview of Ramagundam Project
Overview of Ramagundam Project (Being executed by RFCL) Joint Venture of NFL, Engineers India Limited (EIL) & Fertilizers Corporation of India Limited (FCIL) is undertaking the revival of Ramagundam unit of FCIL through RFCL Plant Capacity Ammonia Plant : 2200 MTPD (0.726 MMTPA) Urea Plant : 3850
Slide 106: Thank You
THANK YOU 106
National Fertilizers — FY2018-19 Earnings Presentation on 6ix