Nava Limited · NSE:NAVA
Nava — Investor Presentation (August 2022)
42 slides from Nava's investor presentation, August 2022
Slide 1: Investor Presentation August 2022
Investor Presentation August 2022
Slide 2: Disclaimer
DISCLAIMER Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors
Slide 3: Contents
Contents 04 - Financial Performance Update – Q1 FY23 15 - Company overview 26 - Business segments
Slide 4: Financial Performance Update - Q1 FY23
Financial Performance Update - Q1 FY23
Slide 5: Q1 FY23 – Consolidated Financial Performance
Q1 FY23 – Consolidated Financial Performance NET REVENUES (INR Mn) # ADJUSTED EBITDA & EBITDA MARGIN (INR Mn) # PAT & PAT MARGIN (INR Mn) 45.2% 30.0% 35.0% 30.0% 11,139 34.5% 3,388 25.0% 20.0% 82% 139% 5,036 15.0% 6,115 780% 6.0% 10.0% 2,110 5.0% 385 0.0% Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 F
Slide 6: Q1 FY23 – Domestic Financial Performance
Q1 FY23 – Domestic Financial Performance NET REVENUES (INR Mn) # EBITDA & EBITDA MARGIN (INR Mn) # PAT & PAT MARGIN (INR Mn) 32.2% 40.4% 6,423 25.1% 2,066 92% 2,593 12.6% 209% 387% 3,352 840 424 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Note: Domestic operations include NBVL & NBEIL. EBITDA in
Slide 7: Q1 FY23 - Consolidated Profit & Loss Statement
Q1 FY23 - Consolidated Profit & Loss Statement Particulars (INR Million) # Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 Revenue from Operations 10,250 5579 83.7% 10,165 0.8% 33,477 Cost of Goods Sold 2,836 1837 54.4% 2,587 9.6% 9,114 Gross Profit 7,414 3742 98.1% 7587 -2.3% 24,363 Gross Margin (%) 7
Slide 8: Q1 FY23 - Domestic Profit & Loss Statement
Q1 FY23 - Domestic Profit & Loss Statement Particulars (INR Million) Q1 FY23 Q1 FY22 YoY Q4 FY22 QnQ FY22 Total Revenue 6,598 3,352 96.8% 5,679 16.2% 19,824 Cost of Goods Sold 2,790 1,825 52.9% 2,534 10.1% 9,102 Gross Profit 3,808 1,595 138.7% 3,145 21.1% 10,722 Gross Margin (%) 59% 48% 1100 bps 59.
Slide 9: Q1 FY23 – Segmental Performance Highlights
Q1 FY23 – Segmental Performance Highlights Revenue Breakdown - By Segments (INR Mn) Segments Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 India – Energy Operations 3,817 1,596 139.1% 2,580 47.9% 8,779 Ferro Alloys 3,255 2,323 40.1% 3,304 -1.5% 12,715 Zambia – Energy Operations 3,853 2,005 92.2% 4,59
Slide 10: Q1 FY23 – Segmental Performance Highlights
Q1 FY23 – Segmental Performance Highlights EBITDA Breakdown (INR Mn) - By Segments Segments Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 % EBITDA Margin Q1 FY23 Q1 FY22 FY22 India – Energy 1,451 271 NA 687 111.2% 2,359 India - Energy 38.0% 17.0% 26.9% Ferro Alloys 337 194.1% 898 10.2% Ferro Alloys 3
Slide 11: India Energy Operations – Financial & Operating Metrics
India Energy Operations – Financial & Operating Metrics Key Operating Metrics Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 Total Power Units Sold 537 387 38.7% 463 16.0% (in Million Units) 1,750 ▪ Domestic energy division revenues grew by 139.2% in Q1 FY23 Merchant Sales 357 216 65.1% 297 20.2% 1,03
Slide 12: Ferro Alloys Operations – Financial & Operating Metrics
Ferro Alloys Operations – Financial & Operating Metrics Key Operating Metrics Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 Ferro & Silico Manganese Production (tons) 26,642 23,786 12.0% 22,741 17.2% 1,00,167 Sales (tons) -11.5% 1,04,667 21,810 24,330 -10.4% 24,634 Ferro Chrome Production (tons) 15,5
Slide 13: Zambia Energy Operations – Financial & Operating Metrics
Zambia Energy Operations – Financial & Operating Metrics Key Operating Metrics Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 Power Units Sold (in Million Units) 519 231 124.7% 525 -1.1% 1,536 Average PLF (%) 89.1% 40.0% 91.2% 66.0% USD Millions INR Millions Key Financial Metrics Q1 FY23 Q1 FY22 YoY (
Slide 14: Zambia Coal Mining – Financial & Operating Metrics
Zambia Coal Mining – Financial & Operating Metrics Key Operating Metrics Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY 22 Coal Sales to outsiders (In MTPA) 70,201 1,28,973 -45.6% 1,16,964 -40.0% 5,01,976 USD Millions INR Millions Key Financial Metrics Q1 FY23 Q1 FY22 YoY (%) Q4 FY22 QnQ (%) FY22 Q1FY23
Slide 15: Company Overview
y Company Overview
Slide 16: Quick Snapshot
Quick Snapshot Leading Business Group ▪ Diversified organization with interests in ferro alloys, energy, Ferro Alloys O&M services, coal mining, commercial agri and health care ▪ Leading manufacturer & exporter of Manganese and Chromium Alloys ▪ Operates in different geographies spanning across Indi
Slide 17: Company Structure
Company Structure Ferro-Alloys Energy Mining Healthcare Nava Bharat Energy India Ltd. Nava Energy Pte. Ltd. Nava Holding Pte. Ltd. Nava Bharat (Singapore) Pte. Ltd. Nava Limited (Standalone) (100% Owned Subsidiary) (100% Owned Subsidiary) (Step-down Subsidiary) (100% owned subsidiary) Telangana Sing
Slide 18: Diversified Geographic Presence
Diversified Geographic Presence Domestic Operations – Facilities Chart on India Map Global Operations – Facilities Chart on Global Map Note: Sugar & Allied Business including a sugar Processing Plant of 4,000 TCD, and Energy Plant of 9 MW in Andhra Pradesh, has been classified as Discontinued Operat
Slide 19: Key Milestones in 50 Years
Key Milestones in 50 Years Commenced Global Acquired Forayed into Ferro Silicon Manganese & footprint - with Maamba Healthcare- Operations at Chrome Alloys establishment Collieries Ltd. enabled Operations at of 100% - Largest coal services in Paloncha, Kharagprasad, subsidiary in mine in South India
Slide 20: Key Management Team
Key Management Team Mr. D Ashok, Chairman Mr. P Trivikrama Prasad, MD • MBA from USA with 37 years experience in all facets of project • MBA from USA with 37 years experience in sugar industry, management, manufacturing and strategy. corporate planning and financial management. • Oversaw the growth
Slide 21: Analyzing Yearly Financials – Consolidated Operations
Analyzing Yearly Financials – Consolidated Operations INR Mn Revenue EBITDA CAGR: 109% CAGR :117% 16,167 33,477 13,934 13,183 29,460 27,587 12,003 25,845 23,478 8,624 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT Debt Equity Ratio- FY22 CAGR: 120% 5,733 1.1 5,308 5,507 0.9 0.8 3,390 2,779 0.
Slide 22: 50% of Total Revenue & EBITDA is Largely Non-cyclical
50% of Total Revenue & EBITDA is Largely Non-cyclical Zambia Ferro Zambia Energy Others Energy Alloys Coal (India) (India) (20-Year (India) Mining PPA) Captive Merchant Ferro Chrome Ferro & Silico (Tata Conversion) Manganese Revenue (INR Mn) 3,803 4976 2,396 10,319 2,748 13,481 3,631 Contribution %
Slide 23: Key Strengths: Recurring Revenue & Captive Resources
Key Strengths: Recurring Revenue & Captive Resources Business Strengths Benefits i) CPP 204 MW ii) Conversion Agreement with TATA i) Substantial cost savings Ferro Alloys: Steel for Ferro Chrome ii) Steady revenue from TATA steel conversion Manganese Alloys & Ferro Chrome iii) Import tie up for bulk
Slide 24: Value Creation - Growth & Value Unlocking Initiatives
Value Creation - Growth & Value Unlocking Initiatives Non-core Asset Monetisation: • Monetise 20 MW IPP Power plant in Andhra Pradesh • Large land bank in Hyderabad, and Dharmavaram (near Kakinada Port) in Andhra Pradesh • Sugar plant & project land, Samalkot, Andhra Pradesh Drive Higher Revenue Gro
Slide 25: Discussing Our Business Segments
DISCUSSING OUR BUSINESS SEGMENTS Indian Ferro Indian Power Indian Sugar & Healthcare Zambia Power Zambia Mining Alloys Allied Indian Ferro Indian Energy Healthcare Zambia Energy Zambia Mining Alloys
Slide 26: Ferro Alloys
Ferro Alloys 26
Slide 27: Ferro Alloys - Moving away from Cyclicality
Ferro Alloys - Moving away from Cyclicality Ferro Alloys business has been one of the key drivers of growth Ferro Alloys in Brief… • Company’s Ferro Alloys capacities are supported by captive power giving them inherent advantage over competitors. • Company has contracted with Tata Steel for making f
Slide 28: Ferro Alloys – Key Financial & Operating Metrics
Ferro Alloys – Key Financial & Operating Metrics Production (tons) & Capacity Utilization (%) Chart Title 91% 92% 88% 100% 200,000 84% 77% 80% 82% 81% 80% 150,000 76% 77% 60% 105,032 100,803 100,167 95,301 96,036 100,000 68,423 61,171 68,657 65,981 40% 57,109 50,000 20% - 0% FY18 FY19 FY20 FY21 FY22
Slide 29: Indian Energy Business
NAVA Indian Energy Business
Slide 30: Indian Energy Assets: Ideal Mix of CPP & IPP
Indian Energy Assets: Ideal Mix of CPP & IPP Energy plants with capacity of 434MW are spread across over the states of Telangana, Odisha & Andhra Pradesh Standalone Operations Wholly Owned Subsidiary - NBEIL Location Paloncha, Telangana Kharagprasad, Odisha Andhra Pradesh Paloncha, Telangana 114 MW
Slide 31: CPP provides stability to earnings in Indian Energy Business
CPP provides stability to earnings in Indian Energy Business PLF India Energy Revenue (INR Mn) 67% 67% 62% 64% 64% 59% 8779 54% 53% 49% 2,082 46% 2,694 38% 2,605 2,482 460 5,642 6,697 4,952 5,046 3,970 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 Standalone NBEIL Standalone * NBEIL EBIDTA
Slide 32: Healthcare
Healthcare 32
Slide 33: Healthcare Operations
Healthcare Operations We have forayed into healthcare-enabled services with initial focus in Singapore and Malaysia Key Highlights • Asset-light model - Services covering diagnosis, drug procurement to administration. • Acquired 65% stake in TIASH Pte Ltd. that provided entry to healthcare enabled s
Slide 34: Operation & Maintenance
NAVA Operation & Maintenance
Slide 35: Operations & Maintenance Services
Operations & Maintenance Services NBVL’s Subsidiary “Nava Energy Pte Ltd” Provides Operations and Maintenance Related Services for MCL’s Energy Plant in Zambia. This Generates a Stable Cash Flow Stream which is being repatriated to India • NBVL’s wholly-owned subsidiary “Nava Energy Pte Ltd” provide
Slide 36: Zambia Energy
Zambia Energy 36
Slide 37: Zambia Energy – Only Thermal Power Plant in Zambia
Zambia Energy – Only Thermal Power Plant in Zambia Maamba Collieries Limited (NL’s 65% Subsidiary) is the only Thermal Energy Producer in Zambia Making it an Indispensable Asset Given Zambia’s Power Deficit Status and Excessive Dependence on Hydropower Mamba Collieries Limited – Zambia Energy Plant
Slide 38: Zambia Energy – Financial & Operating Metrics
Zambia Energy – Financial & Operating Metrics Key Operating Metrics FY19 FY20 FY21 FY22 Power Units Sold (in Million Units) 1,732 1,781 1,896 1,735 Availability (%) 87.0% 76.6% 77.7% 66.5% Average PLF (%) 74.6% 76.3% 72.1% 66.0% Realisation per unit (USD) 0.12 0.11 0.12 0.12 Currency USD (In Million
Slide 39: Zambia Coal Mining
Zambia Coal Mining 39
Slide 40: Zambia Coal Mining – Effectively Complements Energy Business
Zambia Coal Mining – Effectively Complements Energy Business Maamba Collieries Limited (NBVL’s 65% Subsidiary) Operates the Largest Coal Mine in Zambia – Supplying High-Grade Coal to Industrial Customers like Lafarge, Dangote and others. Majority of the billing is in USD, and we realize the amounts
Slide 41: Zambia Coal Mining – Financial & Operating Metrics
Zambia Coal Mining – Financial & Operating Metrics Key Operating Metrics FY18 FY19 FY20 FY21 FY22 CAGR (%) Coal Sales to outsiders 326,612 233,754 241,016 375,412 501,976 8% (Metric Tons Per Annum) Currency USD (In Millions) INR (In Millions) Key Financial Metrics FY18 FY19 FY20 FY21 FY22 FY18 FY19
Slide 42: Contact details
VSN Raju Chintan Mehta / Rahul Jaju Vice President & Company Secretary Dickenson World Nava Limited Tel : + 91 9892183389 / +91 9773264172 Tel : + 91 40 2340 3501 Email : nava.bharat@dickensonworld.com Email : vsn.raju@navalimited.com 42