National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q3 FY2023 Earnings Presentation
38 slides from National Fertilizers's earnings presentation, December 2022
Slide 1: Financial Performance for the Quarter/Nine Months Ended December 2022
FINANCIAL PERFORMANCE FOR THE QUARTER/NINE MONTHS ENDED DECEMBER 2022 1
Slide 2: Brief Overview
BRIEF OVERVIEW Incorporated on 23rd August, 1974. Share Capital details as on 31.12.2022. Authorized capital : Rs. 1,000.00 crore. Vision Paid up capital : Rs. 490.58 crore. “To be a leading Indian Net-worth : Rs. 3,010.00 crore. company in fertilizers and Shareholding Pattern as on 31.12.2022
Slide 3: Urea Manufacturing Activities
UREA MANUFACTURING ACTIVITIES CAPTIVE POWER RAC – 4.785 LMT Comm. Prod. date - RAC – 8.646 LMT 01st Nov,1978 Nangal 1 X 20 MW (Gas) Comm. Prod. date - 31st Mar,1997 RAC – 5.115 LMT Comm. Prod. date - Panipat 1 X 20 MW (Gas) 01st Sep,1979 RAC – 8.646 LMT RAC – 5.115 LMT Bathinda 1 X 20 MW (Gas) Comm.
Slide 4: Other Manufacturing Activities
OTHER MANUFACTURING ACTIVITIES S. No. Products Located in No. of Annual Capacity of streams each stream (MT) Industrial Products 1. Nitric acid Nangal 2 182820 2. Ammonium Nitrate Nangal 1 118800 3. Sodium Nitrate Nangal 1 1980 4. Sodium Nitrite Nangal 1 2970 Fertilizers & Seeds 5. Bentonite Sulphur
Slide 5: NFL: India Footprint
NFL : INDIA FOOTPRINT Nangal, Punjab Bathinda , Punjab Panipat , Haryana Vijaipur-I & II , Madhya Pradesh RFCL (JV), Telangana 100% of RFCL Urea marketed by NFL under JV agreement NFL is a PAN India company and it’s Marketing Network comprises of Central Marketing Office at NOIDA, four Zonal Offices
Slide 6: 5 Year's Growth & Trends
5 YEAR’S GROWTH & TRENDS
Slide 7: Production of Urea
PRODUCTION OF UREA (LMT) Plant 2017-18 2018-19 2019-20 2020-21 2021-22 NANGAL 5.43 5.41 5.75 5.47 5.32 PANIPAT 5.60 5.74 5.52 5.83 4.68 BATHINDA 5.63 5.84 5.63 5.77 5.28 VIJAIPUR- I 10.50 10.28 9.84 9.66 10.41 VIJAIPUR-II 10.95 11.32 10.53 11.26 9.54 TOTAL 38.10 38.59 37.27 37.99 35.23 Capacity util
Slide 8: On Stream Days
ON STREAM DAYS (No. of Days) Plant 2017-18 2018-19 2019-20 2020-21 2021-22 Annual Annual Annual Annual Annual NANGAL 334 331 349 336 331 PANIPAT 342 347 335 356 286 BATHINDA 342 355 344 354 325 VIJAIPUR- I 346 343 330 325 354 VIJAIPUR-II 320 348 329 348 296 8
Slide 9: Sale of All Fertilizers (Quantity) LMT
Sale of All Fertilizers (Quantity ) LMT Imported Fertilizers, Compost, Bio- 60 Fertilizers & OTG 9.10 9.27 7.47 Urea (RFCL) 50 6.27 10.45 3.69 3.93 3.70 11.85 40 8.86 Imported Urea (Govt. 30 A/c) 39.16 38.98 36.08 39.65 20 34.58 Urea (Own) 10 0 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 Year 2017-
Slide 10: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE Rs. In Crore Particulars 2017-18 2018-19 2019-20 2020-21 2021-22 Total Income 9016 12481 13192 11939 15891 Total Expenses 8418 11416 12276 10992 15279 EBITDA (Revenue from 536 1013 859 914 578 operation- Total Expenses) Profit Before Tax 335 464 (253) 343 145 Profit
Slide 11: Finance Cost
FINANCE COST FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 ₹ 189.57 Crore ₹ 316.36 Crore ₹ 405.48 Crore ₹ 291.23 Crore ₹ 132.96 Crore 11
Slide 12: Profit Before Tax (PBT)
Profit Before Tax (PBT) (Rs. crore) 500 463.37 400 334.83 343.46 Value in Rs. crore 300 200 144.82 100 0 -100 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 -200 -300 -252.71 12
Slide 13: Earning Per Share (EPS)
Earning Per Share (EPS) (Rs. / Share) 8 6.08 6 5.09 4.34 Rs per share 4 2.21 2 0 FY 17-18 2018-19 2019-20 2020-21 2021-22 -2 -4 -3.49 13
Slide 14: Performance for the Nine Months Ended December 2022
PERFORMANCE FOR THE NINE MONTHS ENDED DECEMBER-2022
Slide 15: Performance Highlights
PERFORMANCE HIGHLIGHTS LMT Nine Months Ended Nine Months Ended Particulars Change (%) Dec 22 Dec 21 Production of Urea(LMT) 29.28 26.10 12 Sale of total Urea incl. Urea imported on Govt. A/c. 40.09 32.60 23 & RFCL Urea Imported Fertilizers 8.96 6.08 47 Sale of Compost, Bentonite Sulphur, Bio-Fertili
Slide 16: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore Nine Months ended Dec 2022 Nine Months ended Dec 2021 Total Revenue from Operations 23348.68 11414.80 EBITDA 1402.45 405.91 PBT 969.14 81.17 PAT 724.97 60.03 16
Slide 17: Key Financial Ratios
KEY FINANCIAL RATIOS Dec 22 Dec 22 Dec 22 3.71 Dec 22 6.29 1.28 14.78 Dec 21 Dec 21 Dec 21 1.46 Dec 21 2.88 1.46 1.22 Interest Debt Service Service Coverage Coverage Ratio Debt Ratio Earning No. of Times Equity No. of Times Per Share Ratio Rs/Share No. of Times 17
Slide 18: Sale of Fertilizers
Sale of Fertilizers Total Sale of Fertilizers = 49.71 LMT (CPLY 39.49 LMT) Own Urea Imported Urea & 29.97 LMT Urea RFCL (CPLY 26.02 LMT) 10.12 LMT (CPLY 6.58 LMT) 60.29% 20.36% 0.32% 19.03% Bio Fertilizers & Traded Fertilizers Bentonite Sulphure (Imported & Indigenous) 0.16 LMT 9.46 LMT (CPLY 0.13 L
Slide 19: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers Total Production& Purchase of Fertilizers = 50.97 LMT (CPLY 41.07 LMT) Urea Traded Fertilizers 29.28 LMT (Imported & Indigenous (CPLY 26.10 LMT) 10.87 LMT (CPLY 6.82 LMT) 57.45% 21.33 % Bio Fertilizers & 0.33% 20.89% Imported Urea & Bentonite Sulphure Urea RFCL 0
Slide 20: Finance Cost
FINANCE COST Rs. Crore Nine Months ended Dec 22 Nine Months ended Dec 21 Interest on Long Term Loans 39.73 A 23.54 Interest on Long Term Loans Interest on Working Capital 178.28 B 71.33 Interest on Working Capital Loans Loans Total Finance Cost 218.01 A+B 94.87 Total Finance Cost 20
Slide 21: Urea Production
UREA PRODUCTION Lakh MT Inc./ Units Apr-Dec 22 Apr-Dec 21 (Dec.) Nangal 4.07 3.88 0.19 Panipat 4.21 3.69 0.52 Bathinda 4.33 3.99 0.34 Vijaipur I 7.73 7.78 (0.05) Vijaipur II 8.94 6.76 2.18 Total 29.28 26.10 3.18 21
Slide 22: Plant-wise On Stream Days
Plant-wise On Stream Days Inc./ Units Apr-Dec 22 Apr-Dec 21 (Dec.) Nangal 252 241 11 Panipat 257 224 33 Bathinda 264 247 17 Vijaipur I 254 266 (12) Vijaipur II 270 214 56 22
Slide 23: Energy Consumption
ENERGY CONSUMPTION (Gcal/MT OF UREA) Actual Energy Energy Norms for Units Nine Months Ended 2022-23 Dec-2022 Nangal 6.500 6.265 Panipat 6.500 6.407 Bathinda 6.500 6.230 Vijaipur I 5.860 5.623 Vijaipur II 5.500 5.410 23
Slide 24: Zone Wise Sale of Urea
ZONE WISE SALE OF UREA (incl. Imported Urea on Govt. Account and RFCL Urea ) 1 2 3 CHANDIGARH ZONE 1 4 3 HYDERABAD ZONE 14.82 LMT 7.70 LMT (CPLY 12.89 LMT) (CPLY 3.85 LMT) 2 4 BHOPAL ZONE LUCKNOW ZONE 11.63 LMT 5.94 LMT (CPLY 9.91 LMT) (CPLY 5.95 LMT) 24
Slide 25: Performance for the Quarter Ended December 2022
PERFORMANCE FOR THE QUARTER ENDED DECEMBER-2022
Slide 26: Performance Highlights
PERFORMANCE HIGHLIGHTS LMT Particulars Qtr. Dec 22 Qtr. Dec 21 Change (%) Production of Urea 10.16 8.91 14 Sale of total Urea incl. Urea imported on Govt. A/c. 13.09 11.18 17 & RFCL Urea Imported Fertilizers 5.51 3.15 75 Sale of Compost, Bentonite Sulphur, Bio-Fertilizers, SSP, 0.31 0.49 (37) Potash
Slide 27: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore Qtr. Dec 2022 Qtr. Dec 2021 Total Revenue from Operations 10137.34 5091.71 EBITDA 937.02 129.21 PBT 786.33 11.55 PAT 588.62 8.64 27
Slide 28: Sale of Fertilizers
Sale of Fertilizers Total Sale of Fertilizers = 18.91 LMT (CPLY 14.82 LMT) Own Urea Traded Fertilizers (Imported & Indigenous) 10.47 LMT 5.77 LMT (CPLY 8.83 LMT) (CPLY 3.61 LMT) 55.37% 30.51% 0.26% 13.86% Bio Fertilizers & Imported Urea & Bentonite Sulphure Urea RFCL 0.05 LMT 2.62 LMT (CPLY 0.03 LMT
Slide 29: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers Total Production& Purchase of Fertilizers = 19.58 LMT (CPLY 14.73 LMT) Urea Traded Fertilizers 10.16 LMT (Imported & Indigenous (CPLY 8.91 LMT 6.02 LMT (CPLY 2.80 LMT) 51.89% 30.74% 0.31% 17.06% Bio Fertilizers & Imported Urea & Bentonite Sulphure Urea RFCL 0.06
Slide 30: Finance Cost
FINANCE COST Rs. Crore Qtr. Dec 22 Qtr. Dec 21 Interest on Long Term Loans 13.11 A 9.45 Interest on Long Term Loans Interest on Working Capital 81.00 B 24.28 Interest on Working Capital Loans Loans Total Finance Cost 94.11 A+B 33.73 Total Finance Cost 30
Slide 31: Urea Production
UREA PRODUCTION Lakh MT Inc./ Units Oct-Dec 22 Oct-Dec 21 (Dec.) Nangal 1.48 1.47 0.01 Panipat 1.49 0.95 0.54 Bathinda 1.38 1.50 (0.12) Vijaipur I 2.77 2.57 0.20 Vijaipur II 3.04 2.42 0.62 Total 10.16 8.91 1.25 31
Slide 32: Plant-wise On Stream Days
Plant-wise On Stream Days Inc./ Units Oct-Dec 22 Oct-Dec 21 (Dec.) Nangal 90 90 - Panipat 89 58 31 Bathinda 84 90 (6) Vijaipur I 90 86 4 Vijaipur II 90 76 14 32
Slide 33: Zone Wise Sale of Urea
ZONE WISE SALE OF UREA (incl. Imported Urea on Govt. Account and RFCL Urea ) 1 2 3 CHANDIGARH ZONE 1 4 3 LUCKNOW ZONE 5.84 LMT 1.57 LMT (CPLY 4.75 LMT) (CPLY 1.17 LMT) 2 4 BHOPAL ZONE HYDERABAD ZONE 4.51 LMT 1.17 LMT (CPLY 3.82 LMT) (CPLY 1.44 LMT) 33
Slide 34: Segment Results
7) _ ml — 7g) Lud co _ = Lud = SO Lud 7)
Slide 35: Segment Results
SEGMENT RESULTS Rs. Crore Nine Months ended Nine Months Ended Particulars Dec 22 Dec 21 Segment Revenue 15283.97 7243.12 Own Fertilizers (Urea, BS and Bio-fertilizers) 65.46% 63.45% 7241.85 3648.04 Fertilizer Trading 31.02% 31.96% 822.86 523.64 Other Products and Services 3.52% 4.59% Total 23348.68
Slide 36: Consolidated Accounts
CONSOLIDATED ACCOUNTS
Slide 37: Consolidated Accounts for the Nine Months Ended Dec-2022
CONSOLIDATED ACCOUNTS FOR THE NINE MONTHS ENDED DEC-2022 Rs. Crore STANDALONE CONSOLIDATED Particulars Nine Months Nine Months Nine Months Nine Months Ended Dec 22 Ended Dec 21 Ended Dec 22 Ended Dec 21 Revenue from operations 23348.68 11414.80 23348.68 11414.80 Total Expenses 22210.15 11257.98 2221
Slide 38: Thank You
~ THANK YOU eS "
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