Nocil Limited · NSE:NOCIL
Nocil — H1 FY2021 Earnings Presentation
28 slides from Nocil's earnings presentation, Nov 9, 2020
Slide 1: Exchange filing cover letter for investor presentation
Regd. Office : Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai - 400 020, India. Tel.: +91 226657 6700,66364062 Fax +91 2266364060 Website: www.nocil.com CIN No. L99999MH1951PLC012003 NOCIT LIMITED Email: investorcare@nocil.com ARVIND MAFATLAL GROUP The ethics o
Slide 2: NOCIL Limited Investor Presentation November 2020
NOCIL LIMITED Investor Presentation November 2020 FIRM STEPS. FOCUSED APPROACH.
Slide 3: Safe Harbour
Safe Harbour 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, an
Slide 4: Quarterly Performance: Strong Momentum
Quarterly Performance: Strong Momentum Sales Volume* (MT) Revenue from Operation (Rs. In crores) EBITDA (Rs. In crores) Lockdown 115 106 Lockdown 100 100 Impact 97 230 222 56 210 213 Impact 194 48 Lockdown 36 37 Impact 31 107 53 7 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20
Slide 5: Expected Annual Performance
Expected Annual Performance Sales Volume (MT) Revenue from Operation (Rs. In crores) H2 H2 H1 H1 1,011 846 c 407 c 439 328 FY19 FY20 FY21 FY19 FY20 FY21 FY21 will be flat inspite of Covid impact in Q1FY21 4
Slide 6: China + 1 Strategy
CHINA + 1 STRATEGY Rubber Chemicals Industry Currently, China is a dominant player in the Rubber Chemical Industry vis a vis India India Rest of World Global sourcing strategy expected to undergo a change to include China +1 India will play an important role as a supplier China NOCIL is expected to
Slide 7: Business Update
Business Update Work from Home • Implemented work from home during the nationwide lockdown • On receipt of approvals form government authorities started operation at facilities • From 10th June started Corporate offices with limited workforce Business Operations: Update for H1 • With ease in lockdow
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Rs. In Crores Q2FY21 Q2FY20 Y-o-Y Q1 FY21 Q-o-Q H1FY21 H1FY20 Remarks Net Revenue from Operations 222 210 5.7% 107 108.0% 328 439 Raw Material 115 89 55 170 189 Value Addition * 107 121 52 158 250 Value Addition % 48.1% 57.7% 48.6% 48.3% 57.0% Employee Expenses 17
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Rs. In Crores Q2FY21 Q2FY20 Y-o-Y Q1 FY21 Q-o-Q H1FY21 H1FY20 Remarks Net Revenue from Operations 222 210 5.7% 107 108.0% 328 439 Raw Material 115 89 55 170 189 Value Addition * 107 121 52 158 250 Value Addition % 48.1% 57.7% 48.8% 48.3% 57.0% Employee Expenses 1
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. Crs.) 30-Sep-20 31-Mar-20 Particulars (Rs. Crs.) 30-Sep-20 31-Mar-20 ASSETS EQUITY AND LIABILITIES Non-current assets 994 1,011 EQUITY 1,210 1,176 Property, Plant and Equipment 753 768 Capital work-in-progress 158 156 Equity Share Capital 166 166 Investment
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Crs.) 30-Sep-20 31-Mar-20 Particulars (Rs. Crs.) 30-Sep-20 31-Mar-20 ASSETS EQUITY AND LIABILITIES Non-current assets 999 1,017 EQUITY 1,220 1,185 Property, Plant and Equipment 780 796 Capital work-in-progress 158 156 Equity Share Capital 166 166 Investmen
Slide 12: Cashflow Statement
Cashflow Statement Standalone Consolidated Particulars (Rs. In Crores) Half Year Ended Half Year Ended Half Year Ended Half Year Ended 30th Sep 20 30th Sep 19 30th Sep 20 30th Sep 19 Cash flow from operating activities Profit before tax 32 93 33 93 Adjustments for noncash items / non operating items
Slide 13: Business Overview
Business Overview
Slide 14: Company Overview
Company Overview ▪ Part of Arvind Mafatlal Group ▪ Expertise in Rubber Chemical Business over 4 decades ▪ Largest Rubber Chemicals Manufacturer in India ▪ Long Term Business Relationships with Tyre Majors (Both Domestic & International) ▪ Awarded Responsible Care Logo by Indian Chemical Council Reve
Slide 15: 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 • B.Com. (Hons.) & has attended the Advanced Management • Associated with the company for ne
Slide 16: Glimpse of our Plants
Glimpse of our Plants Navi Mumbai Plant Dahej Plant • Set up in 1976 • Commenced operations in March 2013 • Located in Trans-Thane Creek industrial area at Navi Mumbai, • Located about 45 kms from Bharuch, Gujarat Thane - Belapur’s industrial zone designated for the chemical Industry, about 40 kms a
Slide 17: Our Value Proposition
Our Value Proposition 01 01 Products & Product Forms • Wide Range of Rubber Chemical Products • Varied Product Forms Long Term Relationships 02 Sales, Marketing & Technical Service with Customers • Market Responsive Approach over 40 Countries • Strong MTS Team to offer Technical Services 03 02 03 R
Slide 18: Products & their Usage
Products & their Usage ANTI-DEGRADANTS/ ANTI-OXIDANTS 1 ▪ These are ingredients in rubber compounds which deter the ageing and inhibit degradation due to oxygen attack of rubber products, thereby enhancing service life ONE STOP SHOP ACCELERATORS With 2 ▪ Increase the speed of vulcanization ▪ Permit
Slide 19: R&D and Total Quality Management
R&D and Total Quality Management Research & Technology Development Quality Assurance Certifications ▪ NOCIL’s Research Centre at ▪ Quality Management System ▪ ISO 9001:2008 Navi Mumbai recognized by with a focus on Quality of ▪ ISO 14001:2004 Ministry of Science and Raw materials, Finished Technolog
Slide 20: Technology & Speciality Chemicals – Moving up the curve
Technology & Speciality Chemicals – Moving up the curve 54% Key Factors 35% +19% Value Addition Continual Technological Strong position in High- Improvement in Product FY13 FY20 value added products & Processes 21% +17% R&D Capabilities leading Operating Operating leverage due to significant reducti
Slide 21: Rubber Chemicals – Industry Trends
Rubber Chemicals – Industry Trends High Performance Tyres Stringent Environmental compliance Extended life, Automotive & Cost increase in China Industrial products will increase leading to Better level rubber processing chemical playing field loadings Rising Income Levels Increase in Motor vehicle o
Slide 22: Rubber Consumption
Rubber Consumption Global Rubber Consumption (Natural + Synthetic) In Lakh tonnes 2.5 6.8 • Rubber Chemicals constitute ~4% of the 9.4 Rubber Consumption 8.8 -40.5 4.5 • For H1CY2020, Global Rubber consumption is 255.4 6.1 down by ~15% 247.9 • Major markets have de-grown after 6 years 2013 2014 2015
Slide 23: CAPEX Update
CAPEX Update Phase I – Rs. 170 crores ^ Phase II – Total Capex of Rs. 280 crores ^ • For expansion of its production • Phase I (a) - Expansion at Navi facilities for Rubber Chemicals Mumbai has been commissioned (including intermediates captively and the commercial production have consumed towards m
Slide 24: Why NOCIL is a Supplier of Choice
Why NOCIL is a “Supplier of Choice” Non-Chinese Dependable Player Environment Friendly Processes Pipeline of New Generation of Rubber Chemicals Continuous investments done Non-Chinese Dependable & Development of Niche products to adopt various innovative Quality Player with Committed using innovativ
Slide 25: Annual Performance Trend
Annual Performance Trend Revenue from Operations* Operating EBITDA Operating PBT** Rs. In Crores 1,043 290 267 968 263 239 846 716 742 176 159 143 137 139 121 FY16^ FY17 FY18 FY19 FY20 FY16^ FY17 FY18 FY19 FY20 FY16^ FY17 FY18 FY19 FY20 * Revenue from operations is net of GST/Excise duty ** Operatin
Slide 26: Annual Operating Performance
Annual Operating Performance Value Additions* Operating EBITDA Margins Operating PBT Margins 54% 55% 54% 28% 26% 27% 25% 52% 50% 21% 21% 19% 19% 17% 17% FY16^ FY17 FY18 FY19 FY20 FY16^ FY17 FY18 FY19 FY20 FY16^ FY17 FY18 FY19 FY20 *(Revenue (-) cost of raw materials consumed (-) cost of traded goods
Slide 27: Annual Margin built-up over the years
Annual Margin built-up over the years Overall Improvement in Margin Profile of the Company Sustainable Initiatives taken over 5 years 55% 55% 54% • Value addition margin 52% maintained: • Change in Product mix 50% o Realisations were 46% o Share of specialised applications weak due to Auto 42% slowd
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 Mr. Jigar Kavaiya finance@nocil.com Jigar.kavaiya@sgapl.net +91 9920602034 www.nocil.com www.s