Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (March 2022)
35 slides from Navin Fluorine International's investor presentation, Mar 8, 2022
Slide 1: Padmanabh Mafatlal Group - Intimation of Analyst/Investor Meeting
PADMANABH MAFATLAL GROUP Creating value. Sharing value. March 08, 2022 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 Stock Code: 532504 Stock Code: NAVINFLUOR EQ Dea
Slide 2: Navin Fluorine International Limited Investor Presentation – January 2022
Navin Fluorine International Limited Investor Presentation – January 2022 Growing responsibly
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: Sustainable Growth in Performance in 9MFY22
Sustainable Growth in Performance in 9MFY22 Growing responsibly
Slide 5: YoY Highlights Q3FY22
Delivered strong Growth with Sustained margins High Value Businesses Operating Revenue +24% Rs. 367 crores 193 212 +10% Operating EBITDA YoY Highlights +21% Q3FY21 Q3FY22 Rs. 98 crores Q3FY22 Margin at 27% Q3FY22 Revenue Contribution 58% Operating PBT +23% Contribution from Rs. 87 crores High Value
Slide 6: 9MFY22 – Performance Highlights
9MFY22 – Performance Highlights High Value Businesses Operating Revenue +24% Rs. 1005 crores 525 616 +17% Operating EBITDA YoY Highlights +15% 9MFY21 9MFY22 Rs. 260 crores 9MFY22 Margin at 26% 9MFY22 Revenue Contribution 61% Operating PBT +15% Contribution from Rs. 226 crores High Value Businesses M
Slide 7: Sustainable Performance in 9MFY22
Sustainable Performance in 9MFY22 (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue Margin 28% 26% +17% +37% +24% 616 390 1,005 +15% 525 809 260 227 284 9MFY21 9MFY22 Operating PBT 9MFY21 9MFY22 9MFY21 9MFY22 9MFY21 9MFY22 Margin 24% 22% +15% Legacy businesses uptick S
Slide 8: High Value and Legacy business grew sequentially
High Value and Legacy business grew sequentially (Rs. Crs) Operating EBITDA High Value Businesses Legacy Businesses Total Revenue Margin 27% 26% 27% 10% 50% 24% 98 212 155 367 81 84 204 193 324 120 296 103 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Q3FY21 Q2FY22 Q3FY22 Operating
Slide 9: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues (Rs. Crs) 9MFY22 Highlights +24% +26% 152 406 122 322 Growth driven by partnerships with Large International Customers Agrochemicals and Industrial segment continues to Q3FY21 Q3FY22 9MFY21 9MFY22 perform very well 49% Price hike initiated to offset h
Slide 10: Business Vertical - CRAMS
Business Vertical - CRAMS Revenues (Rs. Crs) 9MFY22 Highlights +3% -15% 71 204 209 60 Focus on expanding project pipeline and further diversifying customer base Q3FY21 Q3FY22 9MFY21 9MFY22 Shift of some of the orders from Q3 to Q4FY22 0% Debottlenecking of CGMP3 approved on the back of robust 9MFY22
Slide 11: Business Vertical - Inorganic Fluorides
Business Vertical - Inorganic Fluorides Revenues (Rs. Crs) 9MFY22 Highlights +47% +52% 83 203 57 134 Increase in realizations helped drive growth Q3FY21 Q3FY22 9MFY21 9MFY22 Good traction seen from end user segments especially in India 9% Optimized sales mix between Domestic & International market f
Slide 12: Business Vertical - Refrigerant Business
Business Vertical - Refrigerant Business Revenues (Rs. Crs) 9MFY22 Highlights +54% +24% 72 186 150 Growth in profitability was driven by significant price 47 increase despite higher input costs Q3FY21 Q3FY22 9MFY21 9MFY22 Exports sales impacted due to higher logistics cost 39% Sales into Non-emissiv
Slide 13: Financial Performance
Financial Performance Growing responsibly
Slide 14: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q3 FY22 Q3 FY21 Y-o-Y Change % Q2 FY22 Q-o-Q Change % 9MFY22 9MFY21 Y-o-Y Change % Net Revenue from Operations 367.0 296.6 24% 324.4 13% 1,005.2 809.1 24% Raw Material 162.0 135.9 144.7 448.3 357.7 Employee Expenses 42.6 31.4 39.4 121.5 92.4
Slide 15: Other Income Built-up
Other Income Built-up Q3 FY22 (Rs. Crs) Q3 FY21 (Rs. Crs) 7.2 10.4 -0.1 6.9 -0.2 -0.9 -2.1 7.4 Reported One Off Gain MTM Gain Adjusted Reported One Off Gain MTM Gain Adjusted Other Income Other Income Other Income other income * One-Off Gain is towards Sale of Investments On Standalone basis 14
Slide 16: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q3 FY22 Q3 FY21 Y-o-Y Change % Q2 FY22 Q-o-Q Change % 9MFY22 9MFY21 Y-o-Y Change % Net Revenue from Operations 379.0 309.1 23% 339.0 12% 1,044.4 843.0 24% Raw Material 168.2 142.5 152.4 468.9 376.7 Employee Expenses 46.9 36.2 43.6 134.3 104
Slide 17: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Special Dividend 550% 550% ✓ Continuous Dividend over 12 years Final of 150% Interim + ✓ Special Dividend of 600% on FV of Special 150% Dividend Rs. 10 in FY12 of 75% 390% 300% + 350% ✓ Special Divided of 75% on FV of
Slide 18: NFIL at glance
NFIL at glance Growing responsibly
Slide 19: NFIL at glance
NFIL at glance Manufacturing plants strategically located closer to major ports Strong Clientele base in India & abroad, including Global Innovators One of Largest Integrated Specialty Fluorochemical Company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with high
Slide 20: Integrated Business Model
Integrated Business Model • Chemical Complex at Surat spread over • Backward integration for Raw material 135 acres, houses Refrigerant, Inorganic through 25% JV partner in the only Fluorides & Specialty Chemicals Plants Fluorspar beneficiation company in India • cGMP Compliant facility for CRAMS in
Slide 21: Our Delivery
Our Delivery Revenues (Rs. Crs) Revenue Contribution (%) FY2011 FY2021 1,208 Commenced Specialty Speciality Chemicals 27 % 40 % 10.60 % Chemicals in 2000 441 10Y CAGR Commenced CRAMS FY11 FY21 business in 2011 CRAMS 0% 24 % Net Profit (Rs. Crs) 299 Inorganic Fluorides 18 % 18 % 15.37 % Inorganic Flu
Slide 22: 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 Performance Product (HPP) Launch of new products in agrochemicals through Multi-Purpose Plant (MPP) Beginning of New Partnership in agrochemicals b
Slide 23: Capacity Expansion - High Performance Product (HPP)
Capacity Expansion - High Performance Product (HPP) Key Highlights Entered into a $410 million contract with Honeywell International Inc. for manufacture and supply of a High-Performance Product (HPP) in the fluorochemical space $410 Mn $61.5 Mn Project will be executed through wholly owned subsidia
Slide 24: Capacity Expansion - Multi-Purpose Plant (MPP)
Capacity Expansion - Multi-Purpose Plant (MPP) Other Key Points Rs. 195 crores Rs. 260 – 280 crores • Project will be executed through wholly owned subsidiary Navin Fluorine Advanced Sciences Limited Capex to be funded (NFASL) at Dahej in the state of Gujarat Expected peak by internal accruals annua
Slide 25: Multi year agreement - Agro-chemical fluoro-intermediate
Multi year agreement - Agro-chemical fluoro-intermediate Navin Fluorine signs Rs. 800 crores multi year agreement for supply of key agro-chemical fluoro-intermediate Rs. 800 crores 5 years Strengthen our Product Offerings Agreement Value Agreement Term Strengthen Customer Relationship Rs. 125 crores
Slide 26: 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 our High Innovation & Change growth Investment In MPP (Multi Value Business (CRAMS & - Moving into the
Slide 27: ESG represents the cornerstone of our business
ESG represents the cornerstone of our business Growing responsibly
Slide 28: 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 29: Environmental Declarations
Environmental Declarations Environmental Declarations Environment Approach Adopted reduction at source as one of the Reduced per unit power consumption, which principles comprising a systematic approach translated into an estimated reduction of ~2.2 Our environment approach has been of recover, reus
Slide 30: Social Programme
Social Programme Social Programme Social Approach ✓ Structured induction programme for all ✓ Engaged in bonds with communities for better onboarded employees living; undertook 15 projects benefiting 31,500 ‘S’ comprises the role of people ✓ Trained around safety, health, technical and soft Harmoniou
Slide 31: Governance Best Practice
Governance Best Practice Governance Programme Composition of Committees Out of three Members of Nomination Structured policies and processes and Remuneration Committee, two addressed investor grievances were Independent and one Non- Reported NO Executive; ✓ Defaults for repayments, creditors, Accept
Slide 32: Board of Directors
Diversity of thought and experience Mr. Vishad Mafatlal Mr. Mohan Nambiar Mr. Pradip Kapadia Mr. Sunil Lalbhai Chairman Non-Executive Director Independent Director Independent Director He holds a Bachelor of Science Degree in He is a CA with vast experience of 57 years. He is an advocate and solicit
Slide 33: Balanced Board with Experience and Expertise
Balanced Board with Experience and Expertise Board Demographics meetings Board Independence during Highly FY2021 engaged 9 of 12 Board 13 Directors actively involved in NFIL’s 75% are Board Committee strategic transformation Independent 6 66 years median Board director's age Highly Experienced Board
Slide 34: Deepen respect for contribution to Societal Goals
Deepen respect for contribution to Societal Goals CHILD DEVELOPMENT 5.68 Crores Total CSR expenditure for the year ended March 31,2021 NFIL collaborated with Salaam Balak Trust, an NGO addressing the needs of This includes Rs. 2 Crores for PM cares and street children in Mumbai, covering child devel
Slide 35: 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 Mr. Basant Bansal +91 9819916314 Chief Financial Officer payal.dave@linkintime.co.in
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