Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — 9M FY19 Earnings Presentation
22 slides from Navin Fluorine International's earnings presentation, Jan 23, 2019
Slide 1: Navin Fluorine International Limited Result Update Presentation 9M FY19
Navin Fluorine International Limited Result Update Presentation 9M FY19
Slide 2: 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 3: Record YTD Revenues
Record YTD Revenues Legacy Business Growth Refrigerants (Rs. Crs) Inorganic Fluorides (Rs. Crs) 23% 197 146 175 104 55% 67% 90% 87% 45% 33% 13% 10% 9M FY18 9M FY19 9M FY18 9M FY19 High Value Products Specialty Chemicals (Rs. Crs) CRAMS* (Rs. Crs) 12% 232 163 135 165 59% 61% 41% 39% 9M FY18 9M FY19 9
Slide 4: YTD: Operating Performance (Ex-Dahej Operations)
YTD: Operating Performance (Ex-Dahej Operations) Operating Revenue (Rs. Crs) Operating EBITDA (Rs. Crs) Operating PBT (Rs. Crs) Margins 24.8% 23.3% Margins 21.7% 20.6% +17% +8% +9% 710 166 146 154 135 608 197 175 146 104 165 232 163 135 9M FY18 9M FY19 9M FY18 9M FY19 9M FY18 9M FY19 Ref. Gas Specia
Slide 5: Quarterly: Operating Performance (Ex-Dahej Operations)
Quarterly: Operating Performance (Ex-Dahej Operations) Operating Revenue (Rs. Crs) Operating EBITDA Margin (%) 24.3% 23.2% Margin Improvement led by 242 20.8% better pricing 226 212 63 57 53 50 Q3FY18 Q2FY19 Q3FY19 39 47 Hardening of Raw Material Prices continues Operating EBITDA (Rs. Crs) 56 78 73
Slide 6: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q3 FY19 Q3 FY18 Y-o-Y % Comments Q3 FY18* Net Revenue from Operations 226.0 212.3 6% 221.5 Raw Material 102.5 92.5 96.3 Employee Expenses 24.7 22.6 23.7 Other Expenses 46.4 45.7 • Revenue growth led price 49.1 Operating EBITDA 52.4 51.5 2% hi
Slide 7: Other Income Built-up
Other Income Built-up Q3 FY19 (Rs. Crs) Q3 FY18 (Rs. Crs) 10.4 23.0 -0.9 -2.3 -7.0 -16.9 2.5 3.8 Reported One Off MTM Gain Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 7 * One-Off Gain is towards Sale of Investments
Slide 8: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) 9M FY19 9M FY18 Y-o-Y % 9M FY18* Net Revenue from Operations 710.9 608.1 17% 665.0 Raw Material 333.5 263.4 291.1 Employee Expenses 73.7 61.9 66.7 Other Expenses 137.7 129.1 142.6 Operating EBITDA 165.9 153.8 8% 164.6 Operating EBITDA Margin
Slide 9: Other Income Built-up
Other Income Built-up 9M FY19 (Rs. Crs) 9M FY18 (Rs. Crs) 21.8 70.5 -5.5 -4.6 -6.2 -42.0 11.0 23.0 Reported One Off MTM Loss Adjusted Reported One Off MTM Gain Adjusted Other Gain Other Other Gain Other Income Income Income Income 9 * One-Off Gain is towards Sale of Investments
Slide 10: Balance Sheet
Balance Sheet ASSETS (Rs. Crs.) 30-Sep-18 31-Mar-18 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-18 31-Mar-18 Non-current assets 687.4 685.9 Property, Plant and Equipment 284.0 275.5 EQUITY 1,006.4 970.0 Capital work-in-progress 8.3 20.1 Equity Share Capital 9.9 9.9 Investment Property 43.6 44.1 Other I
Slide 11: Business Overview
e PADMANABH Ni MAFATLAL GROUP Business Overview
Slide 12: Overview
Overview Built “India’s only plant with high pressure fluorination capabilities with cGMP compliance” for Largest Integrated Specialty Fluorochemical CRAMS Business Company in India Manufacturing plants strategically Over 50 years of expertise in Handling Fluorine located closer to major ports Stron
Slide 13: Growth driven by Every Business Unit
Growth driven by Every Business Unit CRAMS ✓ Business progression from Contract research to contract manufacturing ✓ Manufacturing facility commercially operational Specialty Chemicals ✓ Introduction of new high value added molecules in portfolio ✓ Entry into newer geographies Inorganic Fluorides ✓
Slide 14: Rising up Fluorine Value-Pyramid
Rising up Fluorine Value-Pyramid… FY11 – Revenue % FY18 – Revenue % Commenced CRAMS business in 2011 CRAMS – 0% CRAMS* – 25% Commenced Specialty Chemicals in Specialty Specialty 2000 Chemicals – 27% Chemicals –28% Inorganic Fluorides & Refrigerants (Incl. Refrigerants – Refrigerants are CER) –55% 30
Slide 15: Annual Financial Performance
Annual Financial Performance# Refrigerants Increasing demands for cooling solutions Traction in Key product portfolios & Inorganic Fluorides & as feedstock for Pharmaceutical Customer segments industry to drive long term growth 148 211 242 120 30% 18% FY17 FY18 FY17 FY18 Revenue Break-up FY18 CRAMS*
Slide 16: Clients across the Globe
e PADMANABH MAFATLAL GROUP Clients across the Globe N o q syngenta (eS) Bayer CropScience 9 * PHARMACEUTICAL we i rane fe a CLARIANT W Novartis HETERO AUROBINDO ‘Committed to Healthier Lite 16
Slide 17: Key Strengths
Key Strengths Fluorination Capabilities In-house R&D ✓ Pioneered Manufacturing of ✓ State-of-the-art R&D centre – Navin Refrigerant Gases in India Research Innovation Centre at Surat ✓ Over 45 years of experience in ✓ DSIR approved R&D Centre handling Fluorine ✓ Supports in product addition & ✓ Exte
Slide 18: Annual Performance Highlights
Annual Performance Highlights 18
Slide 19: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) FY18** FY17** Change % Net Revenue from Operations^ 912.7 741.5 23% Raw Material 402.3 327.2 Employee Expenses 110.5 91.8 Other Expenses 184.9 163.7 Operating EBITDA 215.0 158.8 35% Operating EBITDA Margin 23.6% 21.4% Interest Expenses 1.2
Slide 20: Consolidated Balance Sheet [as per Ind AS]
Consolidated Balance Sheet [as per Ind AS] ASSETS (Rs. Crs.) 31-Mar-18 31-Mar-17 EQUITY AND LIABILITIES (Rs. Crs.) 31-Mar-18 31-Mar-17 Non-current assets 690.5 710.0 Property, Plant and Equipment 281.8 415.0 EQUITY 983.5 835.2 Capital work-in-progress 20.1 16.8 Equity Share Capital 9.9 9.8 Investmen
Slide 21: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout 500% ✓ Continuous Dividend since last 10 years 150% Special ✓ Special Dividend of Rs. 60.00 per share 315% Final in FY12 Interim 75% 180% 210% ✓ Special Divided of 75% in FY17 190% 150% 150% 150% 160% 160% 130% 140% 1
Slide 22: Contact
Contact For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L24110MH1998PLC115499 CIN : U74140MH2010PTC204285 Mr. Ketan Sablok Ms. Payal Dave / Mr Jigar Kavaiya Chief Financial Officer 98199 1631
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