Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (March 2023)
30 slides from Navin Fluorine International's investor presentation, Mar 1, 2023
Slide 1: Intimation of Schedule of Analyst / Institutional Investor Meet
March 1, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai 400001 Mumbai 400051 Scrip Code: 532504 Symbol: NAVINFLUOR EQ Dear Sir/Madam, Subject: Intimation of Schedule of Analyst / Ins
Slide 2: Investor Presentation - February 2023
Investor Presentation - February 2023
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: Quarter of Record Performance Q3FY23
Quarter of Record Performance Q3FY23
Slide 5: Strong Growth with Healthy margins
Strong Growth with Healthy margins Operating Revenue +49% Rs. 564 crores Margins Profile Operating EBITDA Operating PBT 27.6% 21.5% YoY Highlights Operating EBITDA Consolidated +159 Bps -118 Bps + 58% Q3FY23 Rs. 156 crores ✓ Revenue crossed a new milestone of Rs. 500 Crores and Operating PBT crossed
Slide 6: Setting new Performance benchmarks
Setting new Performance benchmarks Operating Revenue +32% Rs. 1380 crores Margins Profile Operating EBITDA Operating PBT 25.3% 20.3% YoY Highlights Operating EBITDA Consolidated +30 Bps -109 Bps + 34% 9MFY23 Rs. 349 crores ✓ Achieved almost full year (FY22) Revenues in 9M FY23 Operating PBT + 25% ✓
Slide 7: Business Highlights
Business Units Redefined HPP CDMO Specialty Refrigerant Gas + Specialty Inorganic Fluorides CRAMS Chemicals + HPP Business Highlights ▪ Three of our plants i.e. HPP, MPP and the one dedicated for Agrochemical Intermediate started commercial production ▪ New milestones achieved : Quarterly Consolidat
Slide 8: Record Consolidated Quarterly Performance
Record Consolidated Quarterly Performance Specialty HPP CDMO (Rs. Crs) +22% +63% +73% 186 253 125 3QFY23 152 155 72 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 53% -2% +33% 597 249 245 9MFY23 539 406 389 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 * Consolidated Performance includes MOL, NFSAL and other
Slide 9: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues (Rs. Crs) Q3FY23 Highlights +22% 186 Highest quarterly revenue achieved in Q3 FY23 152 Successful completion of plant audits by four multi-national MNC customers Q3FY22 Q3FY23 MPP and dedicated plant for Agrochemical Intermediate started during Q3FY23
Slide 10: Business Vertical - HPP
Business Vertical - HPP Revenues (Rs. Crs) Q3FY23 Highlights +64% 253 Highest quarterly revenue achieved in in Q3 FY23 155 New plant in Dahej achieved close to designed capacity in December Q3FY22 Q3FY23 New project in Surat to start production from Q2FY24 29% Q3FY23 71% India International * Consol
Slide 11: Business Vertical - CDMO
Business Vertical - CDMO Revenues (Rs. Crs) Q3FY23 Highlights +73% 125 Highest quarterly revenue achieved in in Q3 FY23 72 c-GMP-3 capacity expansion on track Q3FY22 Q3FY23 Business on strong footing and primed for further capacity expansion Q3FY23 100% India International * Consolidated Performance
Slide 12: Financial Performance
Ny e PADMANABF MAFATLAL, GROUP Financial Performance
Slide 13: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q3 FY23 Q3 FY22 Y-o-Y Change % Q2 FY23 Q-o-Q Change % 9M FY23 9M FY22 Y-o-Y Change % Net Revenue from Operations 563.6 379.0 49% 419.2 34% 1,380.3 1044.4 32% Raw Material 246.4 168.2 183.6 612.3 468.9 Employee Expenses 68.6 46.9 57.2 176.5
Slide 14: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q3 FY23 Q3 FY22 Y-o-Y Change % Q2 FY23 Q-o-Q Change% 9MFY23 9MFY22 Y-o-Y Change % Net Revenue from Operations 423.5 367.0 15% 366.4 16% 1,176.7 1,005.2 17% Raw Material 191.2 162.0 161.7 528.7 448.3 Employee Expenses 55.9 40.5 46.9 146.7 113.
Slide 15: Navin Fluorine
MAFATLAL, GROUP Ny 2 PADMANABF Navin Fluorine
Slide 16: Navin Fluorine at glance
Navin Fluorine at glance Manufacturing plants strategically located closer to major ports Strong global partners including pharma and Agro Innovators One of Largest Integrated Specialty Fluorochemical company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with hig
Slide 17: Integrated Business Model
Integrated Business Model • Chemical Complex at Surat spread over 135 • Backward integration for Raw material acres, houses Refrigerant, Inorganic & through 25% JV partner in the only Specialty Chemicals Plants Fluorspar beneficiation company in India • cGMP Compliant facility for CDMO in • Diversif
Slide 18: Our Delivery
Our Delivery Revenues (Rs. Crs) Revenue Contribution (%) FY2011 FY2022 1,404 Commenced Specialty Speciality Chemicals 27% 40% 11.3 % Chemicals in 2000 431 11Y CAGR FY11 FY22 Inorganic Fluorides & Refrigerants (HPP) HPP 73% 39% Net Profit (Rs. Crs) are traditional business since 1967 266 12.6 % Comme
Slide 19: Reinforcement of Trust
Reinforcement of Trust Delivering on the 3P Strategy (Product, Platform and Partnerships) through New Capex Programs $410 Mn Multi Year Contract in High Beginning of New Partnership in agrochemicals Performance Product (HPP) backed by multi year supply contract Launch of new products in Manufacturin
Slide 20: HPP Manufacturing Plant inaugurated
HPP Manufacturing Plant inaugurated Gujarat CM and Honeywell inaugurated HPP manufacturing plant of NFASL. Navin Fluorine had entered into $410 million contract with Honeywell International Inc. for manufacture and supply of a High-Performance Product (HPP) in the fluorochemical space Capex funded R
Slide 21: Journey of Transformation continues…
Core Business Strategy Valuable and Presence into High- Customer’s clear Dependable demand specialized choice - Strong pillar Fluorochemical product basket of Partnership Company Increase share of CDMO & Innovation & Change growth Investment In MPP (Multi Specialty which now - Moving into the new Hi
Slide 22: ESG represents the cornerstone of our business
ESG represents the cornerstone of our business
Slide 23: Our Approach to Sustainability
Our Approach to Sustainability Approach Environment Social Governance ✓ Robust Internal Controls ✓ Employees ✓ Controlled Growth ✓ Building resilience towards ✓ Customer and Vendors ✓ Balanced Approach climate change ✓ Community ✓ Board of Directors ✓ Reduce our impact on environment and nature ✓ Tr
Slide 24: Environmental Commitment
Environmental Commitment Systems driven Minimising carbon footprint Audit discipline Environment Approach Continues to invest in environmental Outlined a policy to progressively reduce Addressed the HSE subject through a management systems, coupled with energy and greenhouse emissions documental and
Slide 25: Social Programme
Social Programme Social Programme Social Approach ✓ Secured the integrity of processes and ✓ Segregated plants into zones with separate practices through a Job Hazard Analysis entry and exit points to ease in contact tracing ‘S’ comprises the role of coupled with Standard Operating Procedures. and c
Slide 26: Governance Best Practice
Governance Best Practice Governance Programme Composition of Committees Out of four Members of Nomination Structured policies and processes and Remuneration Committee, addressed investor grievances three are Independent and one Non- Reported NO Executive ✓ Defaults for repayments, creditors, Accepte
Slide 27: Board of Directors
Diversity of thought and experience Mr. Vishad P. Mafatlal Mr. Mohan M. Nambiar Mr. Pradip N. Kapadia Mr. Sunil S. Lalbhai Chairman Non-Executive Non-Independent Director Independent Director Independent Director He is an industrialist having varied He has a vast experience of over 59 years. He He i
Slide 28: Balanced Board with Experience and Expertise
Balanced Board with Experience and Expertise Board Demographics meetings Board Independence during Highly FY2022 engaged 9 of 12 Board 17 Directors actively involved in NFIL’s 75% are Board Committee strategic transformation Independent 8 66 years median Board director's age Highly Experienced Board
Slide 29: Deepen respect for contribution to Societal Goals
Deepen respect for contribution to Societal Goals 5.28 Crores CHILD CARE Total CSR expenditure for the year ended March 31,2022 NFIL collaborated with Salaam Balak Trust, an NGO addressing the needs of street Touched and improved approx. 23,613 lives through community children in Mumbai, covering ch
Slide 30: Thank You Note
Thank You Note For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Orient Capital (a division of Link Group) CIN : L24110MH1998PLC115499 Ms. Payal Dave +91 9819916314 Partha Roychowdhury payal.dave@linkintime.co.in Chief Executive Office
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