Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q1 FY2020 Earnings Presentation
19 slides from Navin Fluorine International's earnings presentation, Jul 29, 2019
Slide 1: Navin Fluorine International Limited Investor Presentation – Q1FY20
Navin Fluorine International Limited Investor Presentation – Q1FY20 1
Slide 2: 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 3: Improving Margins
Improving Margins Operating EBITDA Margin % Operating EBITDA (Rs. Crs) High value new products drive 26.0 growth in Speciality chemicals 63 61 25.1 52 21.4 Increased contribution from Q1FY19 Q4FY19 Q1FY20 Speciality help neutralise lumpiness Q1FY19 Q4FY19 Q1FY20 in CRAMS Operating PBT Margin % Opera
Slide 4: Improving Operating Performance
Improving Operating Performance Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) Ref. Gas Inorganic Fluorides Speciality Chemicals CRAMS 16% 16% Q-0-Q Q-0-Q 243 244 242 63 56 61 53 52 46 77 81 78 49 52 53 82 69 86 35 43 25 Q1FY19 Q4FY19 Q1FY20 Q1FY19 Q4FY19 Q1FY20 Q1FY1
Slide 5: Legacy Business Performance
Legacy Business Performance Refrigerant Business Revenues (Rs. In Crs) Good traction in Export & Aftermarket 77 81 78 • Lower volumes from OEM offset by higher 40.0% 60.0% sales in the aftermarket and export • Increase in raw material prices successfully passed on India International • Volume expans
Slide 6: High Value Business Performance
High Value Business Performance Speciality Business Revenues (Rs. In Crs) Focus on Creating growth pipeline 86 82 • New products continue to show strong 69 39.0% performance 61.0% • Pricing power leading to increased margins • Good Project flow in Life science and Crop science to drive future growth
Slide 7: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q1 FY20 Q1 FY19 Y-o-Y Change % Q4 FY19 Q-o-Q Change % FY19 Net Revenue from Operations 241.8 243.1 -1% 244.3 -1% 955.1 Raw Material 114.9 109.5 121.8 455.4 Employee Expenses 25.6 25.2 23.2 96.9 Other Expenses 40.6 45.2 47.0 184.7 Operating EB
Slide 8: Other Income Built-up
Other Income Built-up Q1 FY20 (Rs. Crs) Q1 FY19 (Rs. Crs) 6.4 4.2 3.8 -1.6 1.8 -1.4 -0.9 3.9 Reported One Off MTM Gain Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 8 * One-Off Gain is towards Sale of Investments
Slide 9: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q1 FY20 Q1 FY19 Y-o-Y Change % Q4 FY19 Q-o-Q Change % FY19 Net Revenue from Operations 251.5 256.1 -2% 252.6 0% 995.9 Raw Material 120.2 116.3 127.3 476.6 Employee Expenses 30.5 29.4 28.1 115.5 Other Expenses 39.6 46.5 45.7 185.5 Operating
Slide 10: Business Overview
10 Ni Business Overview ‘? PADMANABH MAFATLAL, GROUP
Slide 11: 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 12: 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 13: … 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 – FY19 – Revenue % CRAMS* – 20% Refrigerants – 30% 20% 30% Refrigerants (Incl
Slide 14: 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 15: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) FY19 FY18 Change % FY18* Net Revenue from Operations 995.9 857.0 16% 912.7 Raw Material 476.6 374.6 402.3 Employee Expenses 115.5 105.7 110.5 Other Expenses 185.5 171.4 184.9 Operating EBITDA 218.4 205.2 7% 215.0 Operating EBITDA Margin 21.
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crs.) 31-Mar-19 31-Mar-18 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-19 31-Mar-18 Non-current assets 746.3 690.3 EQUITY 1,072.4 983.5 Property, Plant and Equipment 285.0 281.8 Capital work-in-progress 39.3 20.1 Equity Share Capital 9.9 9.9 Investment Property 56.
Slide 17: Return Ratios
Return Ratios Standalone Consolidated Particulars (Rs. Crs) FY19 FY18 FY19 FY18 Operating EBIT (excl. OI) 192 173 191 175 Shareholders Fund 1,059 970 1,072 983 Total Debt (Short term + Long Term + Current Maturities) - - 4 13 Total Cash & Cash Equivalents 459 462 487 492 Net Cash 459 462 483 479 Cap
Slide 18: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Special Dividend of ✓ Continuous Dividend over 10 years Special 150% Dividend of Final Special 75% + 390% ✓ Special Dividend of 600% on FV of Interim Dividend of 350% Rs. 10 in FY12 600% + 240% 200% ✓ Special Divided
Slide 19: 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 / Mr Jigar Kavaiya Chief Financial Officer 98199 1631
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