Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q4 FY23 Earnings Presentation
37 slides from Navneet Education's earnings presentation, May 16, 2023
Slide 1: Exchange filing cover letter
The Secrretary Corpporate Relatiionship Depaartment Nationaal Stock Exchange of Indiia Ltd. Bom mbay Stock Exxchange Ltd. Exchangge Plaza, 5th Floor, F Plot No. C/1, 1st Flloor, New Trading Ring, 'G' Blockk, Bandra‐Ku urla Complex, Rotuunda Buildingg, P. J. Towerrs, Bandra ((East), Mumbai – 400051 1
Slide 2: Investor Presentation – Q4 FY23 & FY23
Navneet Education Limited Investor Presentation – Q4 FY23 & FY23
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navneet Education Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Navneet Education Limited - A Panoramic View
Navneet Education Limited - A Panoramic View Navneet Education Limited is a leading educational syllabus-based provider that offers high-quality content across both print and digital mediums. With over 60 years of experience as an educational publisher and stationery manufacturer, the Company enjoys
Slide 5: NEL at a Glance / What Sets Us Apart
NEL at a Glance Transforming With Time Since Vision Mission Core Values Over 6 Decades o Provide students with best quality supplementary study The Company has leveraged its material and curriculum extensive industry experience and textbooks at affordable insightful endeavors, the Company has o To p
Slide 6: NEL's Journey So Far
NEL’s Journey So Far 1959 1970 1975 1990 1993 1994 2008 First Workbook Concept Published 21 Children Books Launched First Education Entered B2B Digest/Guide Introduced Most Likely Introduced Scholastic Publisher to be Digital Learning Published for Question Stationery Listed on BSE Space Std. X Sets
Slide 7: Numbers testifying NEL's success
Numbers testifying NEL’s success • r 50 million+ r 6 r 3 r 300+ No. of Students ,'" No. of Subsidiaries , ,..---'"+ Printing/ ,'" Authors ,'" (Including step-down Manufacturing subsidiary) Locations r 30,000+ r 5 r 750+ r 2,700+ No. of Schools ,'" Mediums/Languages , ...---'"+ Hours of Digital ,'" N
Slide 8: Domestic Presence - Publication & Stationery Business
Domestic Presence - Publication & Stationery Business Digital Presence • Maharashtra • Andhra Pradesh • Karnataka • Chhattisgarh • Gujarat • Telangana • Tamil Nadu Text-Books : Pan India & Sri Lanka* Supplementary Books : Maharashtra & Gujarat Stationery : Pan India Note: Maps not to scale. All data
Slide 9: Global Presence - Stationery Business
Global Presence - Stationery Business FY23 - Revenue Breakup of Stationery Business 10 11 9 1 40% 12 14 13 2 15 60% 16 3 7 25 4 6 5 29 18 17 8 30 31 26 28 19 27 Export Domestic 20 21 22 Export to 30+ countries globally 23 • Canada • Ireland • Ethiopia • U.A.E. 24 • USA • Norway • Kenya • Trinidad &
Slide 10: State-of-the-art Facilities
3 State-of-the-art Facilities Achieving lean and efficient manufacturing to drive transition • The Company has always been ahead of the curve in its pursuit of operational excellence. Sayali Village, Silvassa, • Manufacturing capital for the Company is using its assets to effectively produce product
Slide 11: The Team Leading NEL
The Team Leading NEL Shri Kamlesh S Vikamsey, Shri Gnanesh D Gala, Shri Raju H Gala, Chairman Managing Director Jt Managing Director Navneet Education Limited's governance Shri Tushar K Jani, Shri Bipin A Gala, Shri Anil D Gala, Independent Director Whole-time Director Whole-time Director approach i
Slide 12: Product Offerings Under NEL
Product Offerings Under NEL Navneet Education Limited Content Stationery Supplementary CBSE Non-Curriculum Curriculum Books Books Paper Non-Paper Textbooks (Maharashtra & (PAN India) (PAN-India & Stationery Stationery Gujarat) Exports) Exports PAN-India PAN-India (USA, Europe, Africa) 11
Slide 13: Navneet Education Limited's Investment
Navneet Education Limited’s Investment Investment in K12 Techno Services
Slide 14: Investment in K12 Techno Services up 5x in 10 years
Investment in K12 Techno Services up 5x in 10 years • Aliened with NEL’s vision and commitment to provide technology-enabled education, NEL has invested ~Rs. 118.59 crores in two tranches in K12 Techno Services through its subsidiary, Navneet Learning LLP. • Currently, NEL holds 22.14% (NEL’s holdin
Slide 15: Navneet Group's Foray into Technology led Education Businesses (Edtech)
Navneet Group’s Foray into Technology led Education Businesses (Edtech) Navneet Futuretech Limited (Earlier, eSense Learning Limited) 14
Slide 16: EdTech to strengthen core business; create new opportunities
EdTech to strengthen core business; create new opportunities Digitalisation is the future in education and Navneet has been proactive in adopting technology led 01 education offerings while strengthening its publication business Navneet’s well-established brand equity, strong financial resources, &
Slide 17: Overview of NEL's Ed-Tech Business
Overview of NEL’s Ed-Tech Business • To accelerate NEL’s CORE BUSINESS, the company has strategically forayed into Edtech segment. The Company has been implementing several measures including investments and acquisitions to enable creation of a coherent ecosystem of learning for its Target audience.
Slide 18: SBUs & Focus Areas Under Edtech Offerings
SBUs & Focus Areas Under Edtech Offerings SBU Brand Name Segment Customer Products Customer Brands Content, LMS & B2B – TOPTECH Curriculum-based Schools ERP – School SaaS TopCoder B2B – Content, LMS & GENEXT Curriculum and Tutors & ERP – Tutoring Coaching Extra Curricular SaaS & CaaS Institutes B2C
Slide 19: Investments by Navneet Futuretech Limited
Investments by Navneet Futuretech Limited Link to Company’s Website - Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here Fully integrated digital plus on-ground multi-sport platform, the official partner of the IOA —Tokyo AI-driven personalized adaptive learning
Slide 20: Standalone & Consolidated Financial Highlights
Standalone & Consolidated Financial Highlights Q4 FY23 & FY23
Slide 21: Standalone Performance Highlights - Q4 FY23
Standalone Performance Highlights - Q4 FY23 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* +29% +15% 359.5 46.6 +114% 53.0 40.5 277.9 24.8 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 EBITDA Margin Profit After Tax 14.6% 14.7% 13.0% 8.9% Q4 FY22 Q
Slide 22: Standalone Performance Highlights - FY23
Standalone Performance Highlights - FY23 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* +53% 1,627.7 337.1 +77% 258.9 +98% 1,060.5 170.2 146.6 FY22 FY23 FY22 FY23 FY22 FY23 EBITDA Margin Profit After Tax 20.7% 15.9% 13.8% 16.0% FY22 FY23 FY22 FY23 No
Slide 23: Standalone Segment Performance Highlights - Q4 FY23 & FY23
Standalone Segment Performance Highlights - Q4 FY23 & FY23 Publications (Rs. In Crores) Stationery - Domestic (Rs. In Crores) Stationery - Exports (Rs. In Crores) +14% +18% 102.2 +55% 148.3 108.8 Q4FY23 89.3 92.1 95.6 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Publications (Rs. In Crores) Stati
Slide 24: Standalone Profit & Loss Account - Q4 FY23 & FY23
Standalone Profit & Loss Account - Q4 FY23 & FY23 Profit and Loss (in Rs. Crores) Q4FY23 Q4FY22 Y-o-Y FY23 FY22 Y-o-Y Revenue from Operations 359.5 277.9 29.4% 1,627.7 1,060.5 53.5% Cost of Goods Sold 224.3 157.1 938.3 602.9 Employee Cost 50.3 42.9 179.5 154.9 Other Expenses 38.2 37.4 172.8 132.6 EB
Slide 25: Standalone Balance Sheet Statement - March 2023
Standalone Balance Sheet Statement - March 2023 Assets (in Rs. Crores) Mar-23 Mar-22 Equity & Liabilities (in Rs. Crores) Mar-23 Mar-22 Non - Current Assets 762.2 623.9 Total Equity 1,352.6 1,127.1 Property Plant & Equipment 161.5 168.6 Share Capital 45.2 45.2 CWIP 0.7 1.2 Investment property 14.3 1
Slide 26: Standalone Cash Flow Statement - March 2023
Standalone Cash Flow Statement - March 2023 Particulars (Rs. In Crores) Mar-23 Mar-22 Net Profit Before Tax 340.1 199.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 8.6 -11.5 Operating profit before working capital changes 348.7 188.3 Changes in working capital -253.0 -101.
Slide 27: Working Capital Cycle
Working Capital Cycle 136 130 124 121 110 99 97 88 77 76 75 67 59 57 43 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Receviable Days FG Inventory Days RM Inventory Days 26
Slide 28: Consolidated Performance Highlights - Q4 FY23
Consolidated Performance Highlights - Q4 FY23 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores) +27% -5% 409.0 62.9 30.3 -24% 59.8 322.1 23.0 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 EBITDA Margin Profit After Tax 19.5% 9.4% 14.6% 5.6% Q4 FY22 Q4
Slide 29: Consolidated Performance Highlights - FY23
Consolidated Performance Highlights - FY23 Revenue from Operations (Rs. In Crores.) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* +52% 1,696.8 +83% 298.0 203.8 +174% 1,114.3 162.6 74.4 FY22 FY23 FY22 FY23 FY22 FY23 EBITDA Margin Profit After Tax 17.6% 12.0% 14.6% 6.7% FY22 FY23 Q4 FY22 Q4
Slide 30: Consolidated Profit & Loss Account - Q4 FY23 & FY23
Consolidated Profit & Loss Account - Q4 FY23 & FY23 Revenue from Operations (Rs. In Crores) EBITDA $ (Rs. In Crores) TCI (Rs. In Crores) Particulars FY23 FY22 FY23 FY22 FY23 FY22 NEL 1,627.7 1,060.5 354.2 190.3 229.0 97.3 NFL (eSense) 11.5 10.5 (32.5) (7.8) (47.1) (19.1) Indiannica 65.2 54.6 8.6 1.9
Slide 31: Consolidated Balance Sheet Statement - March 2023
Consolidated Balance Sheet Statement - March 2023 Assets (in Rs. Crores) Mar-23 Mar-22 Equity & Liabilities (in Rs. Crores) Mar-23 Mar-22 Non - Current Assets 602.0 477.8 Total Equity 1,150.3 947.9 Property Plant & Equipment 176.9 183.7 Share Capital 45.2 45.2 CWIP 0.7 1.2 Investment property 0.0 0.
Slide 32: Consolidated Cash Flow Statement - March 2023
Consolidated Cash Flow Statement - March 2023 Particulars (Rs. In Crores) Mar-23 Mar-22 Net Profit Before Tax 298.0 135.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 10.9 47.5 Operating profit before working capital changes 308.9 182.5 Changes in working capital -263.8 -10
Slide 33: Corporate Social Responsibility
Corporate Social Responsibility Giving Back to Society
Slide 34: Corporate Social Responsibility (1/3)
Corporate Social Responsibility (1/3) Our Vision is ‘To ignite a movement which is dedicated to sustainable development of society through empowerment of individuals and communities.” Education • Supported 2,987 children by paying up school or college or institution fees. • Books & other educational
Slide 35: Corporate Social Responsibility (2/3)
Corporate Social Responsibility (2/3) Environment Development • Rejuvenate water bodies resuting in increased yield leading to economic empowerment of farmers • ground water recharging done in 10 villages benefiting 161 families and over 1,000 people. • Capacity of ground water increased by 14 perce
Slide 36: Corporate Social Responsibility (3/3)
Corporate Social Responsibility (3/3) Community Development • NEL supported self-help groups related to income generation and infrastructure development. These programs helped 2,500 families • More than 12,200 groups with 131,700 and more women have enhanced their socio-economic situation. • Meeting
Slide 37: Thank You / Contact Information
Contact Information Company : Investor Relations Advisor : Navneet Education Limited Strategic Growth Advisors Pvt. Ltd. CIN: L22200MH1984PLC034055 CIN: U74140MH2010PTC204285 Mr. Roomy Mistry – Investor Relations Mr. Abhishek Shah / Mr. Pratik Shah E: investors@navneet.com T: +91 9819958878 E: abhis