Nava Limited · NSE:NAVA
Nava — Q1 FY25 Earnings Presentation
44 slides from Nava's earnings presentation, Aug 8, 2024
Slide 1: Exchange filing cover letter
NAVA LIMITED NAVA/SECTL/215/2024-25 August 08, 2024 Listing Department Dept. of Corp. Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street Bandra Kurla Complex, Bandra (E) MUMBAI – 400 001 MUMBAI – 400 0
Slide 2: Growing from Strength to Strength. Delivering Results.
Growing from Strength to Strength. Delivering Results. Investor Presentation Aug 2024
Slide 3: Disclaimer
Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors
Slide 4: Financial Performance Update Q1 FY25, Company Overview, Business Segments
04 Financial Performance Update Q1 FY25 15 Company Overview 24 Business Segments
Slide 5: Q1 FY25 Financial Performance Update
Financial Performance Update Q1 FY25
Slide 6: Q1 FY25 – Consolidated Highlights
Q1 FY25 – Consolidated Highlights 1. Achieved highest-ever quarterly income and PBT of INR 12,584 Mn and INR 5,308 Mn respectively o PAT reported growth of 30.1% Y-o-Y to INR 4,459 Mn with strong operational performance of Energy division and supported by increased realisations in Metals business 2.
Slide 7: Q1 FY25 – Consolidated Financial Performance
Q1 FY25 – Consolidated Financial Performance INR Mn TOTAL REVENUES EBITDA & Margin % PAT 12,584 10,784 53.1% 4,459 36.0% 49.7% 3,427 35.4% 17% 35.0% 5,724 6,260 30% 34.0% 9% 33.0% 31.8% 32.0% 31.0% 30.0% Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 • Operational revenue for the quarter registered
Slide 8: Q1 FY25 – Domestic Financial Performance
Q1 FY25 – Domestic Financial Performance INR Mn TOTAL REVENUES EBITDA & Margin % PAT 36.4% 7,455 27.3% 29% 70% 24.5% 5,795 81% 1,756 17.2% 1,537 969 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Note: Domestic operations include NAVA & NBEIL. EBITDA includes other income.. • Revenue recorded a gro
Slide 9: Q1 FY25 – Consolidated Profit & Loss Account
Q1 FY25 – Consolidated Profit & Loss Account Particulars (INR Million) Q1 FY25 Q1 FY24 YoY (%) FY24 Total Revenue 12,584 10,784 16.7% 39,550 Cost of Goods Sold 3,886 3,346 16.1% 12,601 Gross Profit 8,698 7,437 17.0% 26,949 Manufacturing Expenses 1,123 1,166 (3.7%) 4,859 Employee Expenses 658 582 13.
Slide 10: Q1 FY25 – Domestic Profit & Loss Account
Q1 FY25 – Domestic Profit & Loss Account Particulars (INR Million) Q1 FY25 Q1 FY24 YoY (%) FY24 Total Revenue 7,455 5,795 28.6% 21,089 Cost of Goods Sold 3,793 3,281 15.6% 12,473 Gross Profit 3,662 2,514 45.7% 8,616 Manufacturing Expenses 229 254 (9.8%) 923 Employee Expenses 313 280 11.8% 1,052 Othe
Slide 11: Q1 FY25 – Segmental Performance (Revenue)
Q1 FY25 – Segmental Performance Revenue Breakdown - By Segments (INR Mn) Segments Q1 FY25 Q1 FY24 YoY (%) FY24 Ferro Alloys 2,321 2,257 2.8% 8,733 India – Energy Operations 5,013 3,845 19.6% 12,427 Zambia – Energy Operations 5,038 4,588 18.8% 17,782 Zambia – Mining 1,249 1,157 7.9% 4,479 Others 1,11
Slide 12: Q1 FY25 – Segmental Performance (EBITDA)
Q1 FY25 – Segmental Performance EBITDA Breakdown - By Segments (INR Mn) Segments Q1 FY25 Q1 FY24 YoY (%) FY24 Ferro Alloys 259 3 7398.1% (624) India – Energy 1,940 1,216 59.6% 3,587 Zambia – Energy 2,937 3,736 (21.4%) 12,379 Zambia – Mining 568 383 48.4% 1,698 Others 704 556 26.6% 1,419 Total EBITDA
Slide 13: Q1 FY25 – Ferro Alloys Operations
Q1 FY25 – Ferro Alloys Operations Key Operating Metrics Q1 FY25 Q1 FY24 YoY (%) FY24 • Production of Si Mn Alloys was lower during the Ferro & Silico Manganese quarter as captive power was opportunistically diverted for merchant sale at higher tariffs in April and Production (tons) 20,934 33,100 (36
Slide 14: Q1 FY25 – Indian Energy Operations
Q1 FY25 – Indian Energy Operations • Sales quantity grew by 27% Y-o-Y with the availability Key Operating Metrics of bilateral contracts throughout the quarter Q1 FY25 Q1 FY24 YoY (%) FY24 o Odisha Ops – 150 MW plant witnessed PLF of Total Power Units Sold 87.3% Vs 80.7% for Jun 23 (in Mn kWh) 542 o
Slide 15: Q1 FY25 – MEL Zambia Operations
Q1 FY25 – MEL Zambia Operations Key Operating Metrics Q1 FY25 Q1 FY24 YoY (%) FY24 Power Units Sold (in Mn kWh) 588 554 6.1% 2,110 Average PLF (%) 99.9% 95.2% 470 bps 89.9% Coal – Outside sales (MT 000's) 125 126 (1.1%) 488 Financial Data USD Mn Key Financial Metrics Q1 FY25 Q1 FY24 YoY (%) FY24 Tot
Slide 16: Company Overview
y, Company Overview
Slide 17: Leading Business Group
Energy Coal Mining Leading Business Health Care Group Ferro Alloys Strong Financial Performance ▪ Diversified ▪ India – ▪ Operates Zambia’s largest organization with ▪ 5 power plants with coal mine - Supplies high- interests in ferro installed capacity of 434 ▪ Focus on distribution of life-style im
Slide 18: Company history (1972 onwards)
On November 7, 1972, Nava was incorporated. The electro-metallurgical division of Ferro Silicon at Paloncha in the then Khammam district, with a capacity of 10,000 MTPA, started commercial operations in 1975. NBFAL took over The Andhra Foundry Commenced With the amalgamation of Nav Chrome Limited NB
Slide 19: Company history and new logo
Celebrated Golden Jubilee Year. Nava Bharat Ventures Limited became Nava Limited with a new Logo to align with our objective of building Nava into a global, diversified organization. The new logo is a contemporary, custom-drawn wordmark, crafted to include a visual of the rising sun. The rising sun
Slide 20: Group Structure
Group Structure Ferro Alloys Energy O & M Services Agri Business Mining Healthcare Nava Bharat Energy India Ltd. Nava Energy Pte. Ltd. Nava Holding Pte. Ltd. Nava Bharat (Singapore) Pte. Ltd. Nava Limited (Standalone) (100% Owned Subsidiary) (100% Owned Subsidiary) (Step-down Subsidiary) (100% owned
Slide 21: Diversified Geographic Presence
Diversified Geographic Presence Domestic Operations – Facilities Chart on India Map Global Operations – Facilities Chart on Global Map 20 SUMMARY
Slide 22: Key Management Team
Key Management Team Mr. D Ashok, Chairman Mr. P Trivikrama Prasad, MD • MBA from USA with 38 years experience in all facets of project • MBA from USA with 38 years experience in sugar industry, corporate management, manufacturing and strategy. planning and financial management. • Oversaw the growth
Slide 23: Analysing Yearly Financials – Consolidated Operations
Analysing Yearly Financials – Consolidated Operations INR Mn Operating Revenue EBITDA 19,676 18,559 38,181 15,223 33,477 35,281 13,183 12,003 27,587 25,845 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 PAT Debt Equity Ratio 12,217 12,561 1.0 0.9 0.9 0.6 5,308 5,507 5,733 0.1 FY20 FY21 FY22 FY23
Slide 24: Key Strengths: Recurring Revenue & Captive Resources
Key Strengths: Recurring Revenue & Captive Resources Business Strengths Benefits i) CPP 204 MW i) Substantial cost savings Ferro Alloys: ii) Import tie up for bulk of the ii) Power available at lower tariff compared to Manganese & Silico Alloys Manganese ore utilities iii) Long standing customers i)
Slide 25: Discussing Our Business Segments
DISCUSSING OUR BUSINESS SEGMENTS Indian Ferro Indian Power Indian Sugar Healthcare Zambia Zambia Alloys & Allied Power Mining Indian Ferro Indian Healthcare Zambia Zambia Alloys Energy Energy Mining
Slide 26: Ferro Alloys
Ferro Alloys
Slide 27: Ferro Alloys in Brief
Ferro Alloys Ferro Alloys business has been one of the key drivers of growth Ferro Alloys in Brief… • Company’s Ferro Alloys capacities are supported by captive power giving them inherent advantage over competitors. Location Paloncha, Telangana Kharagprasad, Odisha • Exports ~40% of the Manganese Al
Slide 28: Ferro Alloys – Key Financial & Operating Metrics
Ferro Alloys – Key Financial & Operating Metrics Production (tons) & Capacity Utilization (%) Chart Title 92% 100% 88% 88% 200,000 77% 80% 150,000 81% 77% 80% 80% 112,364 104,963 60% 100,803 96,036 100,167 60% 100,000 68,657 65,981 40% 57,109 50,000 34,893 20% 0% - - 0% FY20 FY21 FY22 FY23 FY24 Mn A
Slide 29: Indian Energy Business
: a =e bet Et Gad Gal bl Ci ULL ai man w NAVA Indian Energy Business
Slide 30: Indian Energy Assets – Mix of CPP & IPP
Indian Energy Assets – Mix of CPP & IPP Energy plants with capacity of 434MW are spread across over the states of Telangana, Odisha & Andhra Pradesh Standalone Operations Wholly Owned Subsidiary - NBEIL Location Paloncha, Telangana Kharagprasad, Odisha Andhra Pradesh Paloncha, Telangana 114 MW 150 M
Slide 31: CPP provides stability to earnings
CPP provides stability to earnings PLF India Energy Revenue (INR Mn) 64% 64% 64% 14000 61% 58% 53% 12000 46% 10000 5,190 38% 8000 1,624 2,082 6000 2,482 4000 460 7,812 19% 7,267 5,046 6,697 2000 3,970 0 Standalone NBEIL FY20 FY21 FY22 FY 23 FY24 Standalone * NBEIL EBIDTA (INR Mn) • Standalone Operat
Slide 32: Healthcare
Healthcare
Slide 33: Healthcare Operations
Healthcare Operations We have forayed into healthcare-enabled services with initial focus in Singapore and Malaysia Key Highlights • Asset-light model - Services covering diagnosis, drug procurement to administration. • Acquired 100% stake in TIASH Pte Ltd. that provided entry to healthcare enabled
Slide 34: Operation & Maintenance
Operation & Maintenance 33
Slide 35: Operations & Maintenance Services
Operations & Maintenance Services NAVA’s Subsidiary “Nava Energy Pte Ltd” Provides Operations and Maintenance Related Services for MEL’s Energy Plant in Zambia. This Generates a Stable Cash Flow Stream which is being repatriated to India • NAVA’s wholly-owned subsidiary “Nava Energy Pte Ltd” provide
Slide 36: Zambia Energy
Zambia Energy
Slide 37: Zambia Energy – Only Thermal Power Plant in Zambia
Zambia Energy – Only Thermal Power Plant in Zambia Maamba Energy Limited (NAVA’s 65% Subsidiary) is the only Thermal Energy Producer in Zambia Making it an Indispensable Asset Given Zambia’s Power Deficit Status and Excessive Dependence on Hydropower Maamba Energy Limited – Zambia Energy Plant Overv
Slide 38: Zambia Energy – Financial & Operational Metrics
Zambia Energy – Financial & Operational Metrics Key Operating Metrics FY20 FY21 FY22 FY23 FY24 Generation (in Million 1,781 1,896 1,735 2,415 2,369 Units) Availability (%) 76.6% 77.7% 66.5% 92.0% 89.7% Average PLF (%) 76.3% 72.1% 66.0% 91.9% 89.9% Realisation per unit (USD) 0.11 0.12 0.12 0.10 0.10
Slide 39: Zambia Coal Mining
NAVA Zambia Coal Mining
Slide 40: Zambia Coal Mining – Effectively Complements Energy Business
Zambia Coal Mining–Effectively Complements Energy Business Maamba Energy Limited (NAVA’s 65% Subsidiary) Operates the Largest Coal Mine in Zambia – Supplying High-Grade Coal to Industrial Customers like Lafarge, Dangote and others. Majority of the billing is in USD, and we realize the amounts within
Slide 41: Zambia Coal Mining – Financial & Operating Metrics
Zambia Coal Mining – Financial & Operating Metrics Key Operating Metrics FY20 FY21 FY22 FY23 FY24 Coal Sales to outsiders 241,016 375,412 501,976 360,407 487,776 (Metric Tons Per Annum) Currency USD (In Millions) INR (In Millions) Key Financial Metrics FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY
Slide 42: Agri Business
Agri Business
Slide 43: Avocado Plantation in Zambia
Avocado Plantation in Zambia 100% Subsidiary Nava Avocado Limited has taken-up large scale Avocado Plantation on a Sustainable Development • Developing Avocado Plantation with 400,000+ plants by 2027, target to export the yield globally • Will be the largest and have technologically advanced operati
Slide 44: Thank you
Thank you Nava Limited VSN Raju Vice President & Company Secretary Tel : + 91 40 2340 3501 | Email : vsn.raju@navalimited.com