NOCIL Limited · NSE:NOCIL
NOCIL — Investor Presentation (May 2018)
28 slides from NOCIL's investor presentation, May 2018
Slide 1: Investor Presentation May 2018
Investor Presentation May 2018
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by NOCIL 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 securities, and
Slide 3: Financial Highlights
Financial Highlights
Slide 4: Strong Performance FY18 v/s FY17
Strong Performance % Y-o-Y Growth FY18 v/s FY17 +30% +66% +73% +74% Revenue* Operating PBT PAT EBITDA +588 bps +438 bps Rs. 245 crs Operating PAT Net EBITDA Margins Margins Cash Surplus * Revenue is net of GST/Excise duty Performance is on Standalone basis 4
Slide 5: Consistent Annual Performance
Consistent Annual Performance Rs. In Crores Revenue from Operations* Operating EBITDA +10.4% CAGR +32.9% 968 CAGR 263 719 715 742 158 138 112 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 PBT PAT** +43.5% 253 +43.8% 169 CAGR CAGR 146 97 118 78 86 57 FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 Figures are on S
Slide 6: Improving Margin Trend
Improving Margin Trend Value Addition* Operating EBITDA Margin 51.6% 54.5% 27.2% 49.7% 46.0% 21.3% 19.3% 15.6% FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 PBT Margin PAT Margin** 26.2% 17.4% 19.7% 13.0% 16.5% 10.9% 11.9% 7.9% FY15 FY16 FY17 FY18 FY15 FY16 FY17 FY18 *Revenue (-) cost of raw materials con
Slide 7: Key Performance Ratios
Key Performance Ratios ROE ROCE 16.3% 24.5% 13.7% 10.7% 17.5% 16.1% 10.2% 15.8% FY15 FY16** FY17 FY18 FY15 FY16** FY17 FY18 Total Debt* (Rs. In Crores) Total Debt / Equity (x) 147 0.36 26 15 0.03 0.02 5 0.00 FY15 FY16** FY17 FY18 FY15 FY16** FY17 FY18 * Incl. Current Maturities **Calculated with 1st
Slide 8: Consistent Quarterly Growth
Consistent Quarterly Growth Rs. In Crores Revenue from Operations* Operating EBITDA 276 249 85 215 228 70 193 181 177 191 55 54 37 42 39 40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PAT** Margins Profile 55.6% 55.6% 51 52.4% 55.8% 53.9% 45 49.3% 49.2% 52.4% 38 35 27.9% 27 25.4% 23.7% 30.7% 24 25 19.3% 23.3% 22.0% 20.
Slide 9: CAPEX – Key Growth Driver
CAPEX – Key Growth Driver To capitalize on growth opportunities, Company has announced 3 Capex Phase I – Rs. 170 crores Phase II – Rs. 168 crores* Phase III – Rs. 87 crores* Announced in March’17 Announced in Dec’17 Announced in Jan’18 • For expansion of its production facilities for Rubber Chemical
Slide 10: Company Overview
Wh ARVIND MAFATLAL GRouP NOcIL LIMITED Company Overview
Slide 11: NOCIL in a Snapshot
NOCIL in a Snapshot Part of Arvind Mafatlal Group Largest Rubber Chemicals Manufacturer in India Expertise in Rubber Chemical Business over 4 decades State of the Art, Innovative, Sustainable & Competitive Technologies Wide range of Rubber Chemicals to suit customer needs Long Term Business Relation
Slide 12: Management Team
Management Team Mr. Hrishikesh . A. Mafatlal – Promoter & Chairman Mr. S. R. Deo – Managing Director • Executive Chairman and Promoter Director of NOCIL Ltd • M. Tech. in Chemical Engineering from IIT Kanpur • Associated with the company for nearly 39 years in various • B.Com. (Hons.) & has attended
Slide 13: Manufacturing facilities
Manufacturing facilities Navi Mumbai Plant Dahej Plant Set up in 1976 Commercialized operation in March 2013 Located in Trans-Thane Creek industrial area at Navi Located about 45 kms from Bharuch, Gujarat Mumbai, Thane - Belapur’s industrial zone designated for the chemical Industry, about 40 kms aw
Slide 14: Products & their Usage
Products & their Usage ACCELERATORS Increase the speed of vulcanization to improve productivity ANTI-DEGRADANTS/ ANTI-OXIDANTS An ingredient in rubber compounds which deters the ageing or inhibits degradation due to oxygen attack of rubber products thereby enhancing service life PRE VULCANIZATION IN
Slide 15: Our Value Proposition
Our Value Proposition Products & Product Forms R & D and Quality Assurance ▪ Experienced, capable & innovative ▪ Wide Range of Rubber Chemical Products team ▪ Varied Product Forms of R & D scientists. ▪ Ultra Modern Laboratories & Pilot 1 Plant Facilities ▪ Latest Analytical Instruments 3 2 Sales, M
Slide 16: R&D and Total Quality Management
R&D and Total Quality Management Research & Technology Quality Assurance Certifications Development ▪ NOCIL’s Research Centre is ▪ Quality Management ▪ ISO 9001:2008 recognized by Ministry of Science System with a focus on ▪ ISO 14001:2004 and Technology, Government of Quality of Raw materials, Indi
Slide 17: Industry Potential
Industry Potential Our Positioning
Slide 18: Positive Outlook: Global Rubber Consumption
Positive Outlook Global Rubber Consumption (Natural + Synthetic) Million MT +2% 27.5 28.3 26.3 26.8 25.0 25.6 2012 2013 2014 2015 2016 2017 Rubber Chemicals constitute ~3% - ~4% of the Rubber Consumption Source : Rubber Statistical Bulletin, Jan - March 2018 edition 18
Slide 19: Growth Drivers
Growth Drivers 01 High performance tyres & extended life, Automotive & Industrial products will increase rubber processing chemical loadings Increased environmental compliance in China 02 Rising Income levels & increase in Motor vehicle ownership rates, 03 especially in developing nations would need
Slide 20: FUTURE Ready
Wh ARVIND MAFATLAL GRouP NOCIL LIMITE D FUTURE Ready
Slide 21: Dahej Plant – A Game Changer
Dahej Plant – A Game Changer ✓ Strong R&D Capabilities ✓ State of the art in-house technology with focused attention on environmental issue , resulting into • Process R&D : Significant reduction in cost significant cost reduction and highest long term of production sustainability ✓ Strong position i
Slide 22: Key Strengths
Key Strengths Dependable & Quality Wide Experienced Player in Product Management Rubber Range Team Chemicals Industry New Committed capacity plans for addition in Strong future Rubber Customer growth Chemicals Relationships with good Technical Support 22
Slide 23: Financials
Wh ARVIND MaFATLAL GRour NOCIL LIMITED Financials
Slide 24: Statement of Profit & Loss - Quarterly
Statement of Profit & Loss - Quarterly Particulars (Rs. In Crores) Q4 FY18 Q4 FY17 Revenue from Operations* 276 191 Cost of Material Consumed 120 87 Purchase of Stock-in-trade 1 1 Changes in Inventories 1 10 Value Addition** 154 94 Value Addition (%) 55.8% 49.2% Employee Expenses 17 14 Other Operati
Slide 25: Statement of Profit & Loss - Annually
Statement of Profit & Loss - Annually Particulars (Rs. In Crores) FY18 FY17 Revenue from Operations* 968 742 Cost of Material Consumed 444 330 Purchase of Stock-in-trade 3 3 Changes in Inventories -7 26 Value Addition** 527 383 Value Addition (%) 54.5% 51.6% Employee Expenses 67 61 Other Operating E
Slide 26: Balance Sheet
Balance Sheet Particulars (Rs. In Crores) March’18 March’17 Particulars (Rs. In Crores) March’18 March’17 ASSETS EQUITY AND LIABILITIES Non-Current Assets 652 741 EQUITY 1,037 905 Property, Plant and Equipment 499 514 Equity Share Capital 164 164 Capital work-in-progress 39 3 Other Equity 873 741 In
Slide 27: Consistent Dividend Record
Consistent Dividend Record As % of Face Value (Rs. 10) 25% 18% 12% 10% 6% 2014 2015 2016 2017 2018 FY18 dividend of Rs. 2.50 per share is pending for the approval by the shareholders at the Annual General Meeting 27
Slide 28: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : NOCIL Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L99999MH1961PLC012003 CIN: U74140MH2010PTC204285 Mr. P. Srinivasan - CFO Ms. Payal Dave / Ms. Neha Shroff finance@nocil.com payal.dave@sgapl.net / neha.shroff@sgapl.ne