Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q1 FY2021 Earnings Presentation
23 slides from Navin Fluorine International's earnings presentation, Jul 29, 2020
Slide 1: Filing cover letter to BSE and NSE
July 29, 2020 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai 400001, India. Mumbai 400051, India. Stock Code: 532504 Stock Code: NAVINFLUOR EQ Dear Sir / Ma’am, Sub.: Investor Presentatio
Slide 2: Navin Fluorine International Limited Investor Presentation – Q1FY21
Navin Fluorine International Limited Investor Presentation – Q1FY21 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: Key Updates: Q1FY21
Updates: Q1FY21 Due to COVID-19 and nationwide lockdown announced by the Government, Navin had temporarily suspended manufacturing operations at its facilities. Therefore, the performance of Q1 FY21 do not represent normal quarter/operations and is not strictly comparable with previous periods Towar
Slide 5: Financial Highlights
Operating Revenue High Value Business Financial Highlights Rs. 205 Crs 131 (Rs. Crs) 111 +18% Q1FY21 Operating EBITDA Rs. 52 Crs Q1 FY20 Q1 FY21 Margin at 25.4% Q1FY21 Revenue Contribution Operating PBT 64% Contribution Rs. 42 Crs from High Value Businesses Margin at 20.5% High Value Legacy 4 On Sta
Slide 6: EBITDA Margins maintained….
EBITDA Margins maintained…. (Rs. Crs) High Value Business Legacy Business Total Revenue Revenue was impacted due to temporary suspension of Manufacturing facilities on the back of nation- wide lockdown -17% -31% -23% 158 107 265 131 205 74 High Value Business performance continued to perform well de
Slide 7: … increased share of High Value Business
… increased share of High Value Business (Rs. Crs) Specialty Chemicals : Well balanced growth driven by Life Science, Crop Science and Industrial segments 64% CRAMS : Strong order book, positions business well for profitable future growth Contribution from High Value Businesses Specialty Business Un
Slide 8: Q1FY21: Sustainable and balanced growth to remain focus
Q1FY21: Sustainable and balanced growth to remain focus Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) 242 21.9% 70 30 55 53 20.5% 22 61 25.4% 50 20 205 78 60 25 45 42 18 25.1% 52 46 40 16 50 20 35 14 28 40 53 30 12 15 30 25 10 97 20 8 10 86 20 15 6 5 10 4 10 34 5 2 2
Slide 9: High Value Business Performance
High Value Business Performance Specialty Business Revenues (Rs. Crs) Business continued to perform well Q1FY21 +13% -7% 97 104 • Performance got impacted due to close down 97 46% 86 of operations during first 2 weeks of April 54% • Product portfolio expansion and deeper penetration into existing us
Slide 10: Legacy Business Performance
Legacy Business Performance Refrigerant Business Revenues (Rs. Crs) Performance impacted by lower demand Q1 FY21 -41% 78 -18% 41% • Low demand from industry due to lockdown 56 59% and closure of operation of all major players 46 46 • Trade market also was completely shut and partially opened from Ju
Slide 11: 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 12: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q1 FY21 Q1 FY20 Y-o-Y % Q4 FY20 Q-o-Q % FY20 FY19 Y-o-Y % Net Revenue from Operations 204.7 241.8 -15% 265.0 -23% 1,022.3 955.1 7% Raw Material 85.2 114.9 120.9 464.9 455.4 Employee Expenses 29.1 25.6 30.0 111.8 96.9 Other Expenses 38.4 40.6
Slide 13: 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 14: Other Income Built-up
Other Income Built-up Q1 FY21 (Rs. Crs) Q1 FY20 (Rs. Crs) 35.6 6.4 -0.6 -2.6 -1.6 -0.9 3.9 -26.2 6.2 Reported One Off MTM Interest Adjusted Reported One Off MTM Gain Adjusted Other Gain Gain Income on Other Other Gain Other Income tax refund Income Income Income 13 * One-Off Gain is towards Sale of
Slide 15: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q1 FY21 Q1 FY20 Y-o-Y % Q4 FY20 Q-o-Q % FY20 FY19 Y-o-Y % Net Revenue from Operations 214.9 251.5 -15% 276.6 -22% 1,061.6 995.9 7% Raw Material 91.0 120.2 125.7 483.8 476.6 Employee Expenses 34.6 30.5 35.1 130.8 115.5 Other Expenses 35.5 39
Slide 16: 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 17: Business Overview
16 Ni Business Overview ‘? PADMANABH MAFATLAL, GROUP
Slide 18: 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 19: 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 20: … 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 21: 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 22: 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 23: 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
Navin Fluorine International — Q1 FY2021 Earnings Presentation on 6ix