Nava Limited · NSE:NAVA
Nava — Q3 FY25 Earnings Presentation
43 slides from Nava's earnings presentation, Feb 7, 2025
Slide 1: Submission letter to stock exchanges
NAVA LIMITED NAVA/SECTL/507/2024-25 February 07, 2025 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
Slide 2: Expanding Horizons Investor Presentation Feb 2025
Expanding Horizons Investor Presentation Feb 2025
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 Q3 & 9M FY25, Company Overview, Business Segments
04 Financial Performance Update Q3 & 9M FY25 15 Company Overview 23 Business Segments
Slide 5: Q3 & 9M FY25 Financial Performance Update
Financial Performance Update Q3 & 9M FY25
Slide 6: Q3 & 9MFY25 – Consolidated Highlights
Q3 & 9MFY25 – Consolidated Highlights 1. Reports higher Consolidated Revenue and PAT for 9M period at INR 30,794 Mn and INR 11,312 Mn respectively o Consolidated profit increased by 6% QoQ at INR 3,533 Mn 2. Standalone PAT increased by 5% YOY for the quarter, despite 9% decline in operational revenu
Slide 7: Q3 & 9MFY25 – Consolidated Financial Performance
Q3 & 9MFY25 – Consolidated Financial Performance INR Mn TOTAL REVENUES EBITDA & Margin % PAT 4,650 9,950 55.3% 46.7% 48 .0% 8,781 47.8% 3,533 46 .0% 44 .0% 4,752 4,855 42 .0% 40.2% 2% 40 .0% 12% 38 .0% 24% 36 .0% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 TOTAL REVENUES EBITDA & Margin % PAT 36
Slide 8: Q3 & 9MFY25 – Domestic Financial Performance
Q3 & 9MFY25 – Domestic Financial Performance INR Mn TOTAL REVENUES EBITDA & Margin % PAT 12.3% 23.4% 24.7% 4,778 590 3,784 425 1,120 11.8% 890 21% 20% 28% Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 TOTAL REVENUES EBITDA & Margin % PAT 30 .0% 25.1% 25 .0% 36.4% 20 .0% 17,024 15,600 21.8% 12.1% 9
Slide 9: Q3 & 9MFY25 – Consolidated Profit & Loss Account
Q3 & 9MFY25 – Consolidated Profit & Loss Account Particulars (INR Million) Q3 FY25 Q3 FY24 YoY (%) 9M FY25 9M FY24 YoY (%) FY24 Total Revenue 8,781 9,950 (11.7%) 30,794 30,034 2.5% 39,550 Cost of Goods Sold 1,884 2,717 30.7% 8,112 9,366 (13.4%) 12,601 Gross Profit 6,898 7,233 (4.6%) 22,682 20,668 9.
Slide 10: Q3 & 9MFY25 – Domestic Profit & Loss Account
Q3 & 9MFY25 – Domestic Profit & Loss Account Particulars (INR Million) Q3 FY25 Q3 FY24 YoY (%) 9M FY25 9M FY24 YoY (%) FY24 Total Revenue 3,784 4,778 (20.8%) 17,024 15,600 9.1% 21,089 Cost of Goods Sold 1,881 2,706 30.5% 8,204 9,269 (1.5% 12,473 Gross Profit 1,903 2,073 (8.2%) 8,820 6,331 39.3% 8,61
Slide 11: Q3 & 9MFY25 – Segmental Performance
Q3 & 9MFY25 – Segmental Performance Revenue Breakdown - By Segments (INR Mn) Segments Q3 FY25 Q3 FY24 YoY (%) 9M FY25 9M FY24 YoY (%) FY24 Ferro Alloys 1,660 1,789 (7.2%) 5,796 6,133 (5.5%) 8,733 Energy - India 3,849 4,315 (10.8%) 13,842 12,606 9.8% 16,409 Energy – Zambia 4,478 4,235 5.7% 14,341 13,
Slide 12: Q3 & 9MFY25 – Segmental Performance
Q3 & 9MFY25 – Segmental Performance *EBITDA Breakdown - By Segments (INR Mn) Segments Q3 FY25 Q3 FY24 YoY (%) 9M FY25 9M FY24 YoY (%) FY24 Ferro Alloys (68) (322) NA 331 (602) NA (624) Energy – India 883 979 (9.8%) 5,785 3,561 62.5% 4,286 Energy – Zambia 3,180 2,897 9.8% 8,610 9,096 (5.3%) 12,378 Mi
Slide 13: Q3 & 9MFY25 – Ferro Alloys Operations
Q3 & 9MFY25 – Ferro Alloys Operations Q3 Q3 9M 9M Key Operating Metrics FY25 FY24 YoY (%) FY25 FY24 YoY (%) FY24 Ferro & Silico Manganese Production (tons) 26,807 21,778 23.1% 68,242 81,212 (16.0%) 104,963 Sales (tons) 17,358 24,503 (29.2%) 24,503 82,217 (31.2%) 113,942 Ferro Silicon Production (ton
Slide 14: Q3 & 9MFY25 – Indian Energy Operations
Q3 & 9MFY25 – Indian Energy Operations Key Operating Metrics Q3 FY25 Q3 FY24 YoY (%) 9M FY25 9M FY24 YoY (%) FY24 Total Power Units Sold (in Mn kWh) 412 416 (1.0%) 1,511 1,449 4.3% 1,872 Merchant – Nava 142 131 7.9% 468 529 (11.4%) 615 Merchant – NBEIL 118 177 (33.2%) 583 555 5.1% 721 Captive 162 10
Slide 15: Q3 & 9MFY25 – MEL Zambia Operations
Q3 & 9MFY25 – MEL Zambia Operations Key Operating Metrics Q3 Q3 YoY 9M 9M YoY • Power plants operated with 95.1% plant FY25 FY24 (%) FY25 FY24 (%) FY24 availability maintaining high operational Power Units Sold (in Mn 2,110 efficiency kWh) 557 575 (3.1%) 1,645 1,622 1.4% Average PLF (%) 94.2% 96.9%
Slide 16: Company Overview
V 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 organization with 5 power plants with Focus on distribution of largest coal mine - interests in ferro installed capacity of life-style improving Supplies hi
Slide 18: Company history since incorporation in 1972
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 milestones 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 Healthcare Pte. Ltd. Nava Bharat (Singapore) Pte. Ltd. Nava Limited (Standalone) (100% Owned Subsidiary) (100% Owned Subsidiary) (Step-down Subsidiary) (100% ow
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: 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 23: 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 24: 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 25: Ferro Alloys
Ferro Alloys
Slide 26: Ferro Alloys
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 27: 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 28: Indian Energy Business
NAVA Indian Energy Business
Slide 29: 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 30: 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 31: Healthcare
i ~_ Nem \ Healthcare
Slide 32: Healthcare Operations Key Highlights
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. • Focus on life-style products in Singapore and Malaysia o Launched “Integrative M
Slide 33: Operation & Maintenance
NAVA Operation & Maintenance
Slide 34: 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 35: Energy - Zambia
Energy - Zambia
Slide 36: 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 37: 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 38: Mining - Zambia
NAVA Mining - Zambia
Slide 39: 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 with
Slide 40: 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 41: Agri Business
NAVA Agri Business
Slide 42: 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 43: Thank you
Thank you Nava Limited VSN Raju Vice President & Company Secretary Tel : + 91 40 2340 3501 | Email : vsn.raju@navalimited.com