Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q1 FY2023 Earnings Presentation
29 slides from Navin Fluorine International's earnings presentation, Jul 23, 2022
Slide 1: Padmanabh Mafatlal Group
PADMANABH MAFATLAL GROUP Creating value. Sharing value. July 23, 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 Scrip Code: 532504 Symbol: NAVINFLUOR EQ Dear Sir
Slide 2: Investor Presentation - July 2022
Investor Presentation - July 2022
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 Q1FY23
Sustainable Growth in Q1FY23
Slide 5: Business Highlights
Business units Redefined HPP CDMO Specialty Refrigerant Gas + Specialty Inorganic Fluorides CRAMS Chemicals + HPP Business Highlights ▪ Implemented new organizational structure – 3 Business Units led by 3 Operating CEOs with full P&L responsibilities ▪ Highest ever quarterly sales reported in Specia
Slide 6: YoY Highlights
Delivered strong Growth with Sustained margins Operating Revenue +23% Margins Rs. 386.8 crores Operating EBITDA PBT 25.8% 22.8% +98 Bps +153 Bps Operating EBITDA YoY Highlights +28 % Rs. 99.9 crores Q1FY23 Q1FY23 Revenue Contribution Operating PBT +32% 46% 39% HPP CDMO Rs. 88.1 crores 15% Specialty
Slide 7: Growth driven by Specialty & HPP
Growth driven by Specialty & HPP (Rs. Crs) Operating EBITDA Specialty HPP CDMO Margin 25.0% 25.8% +32.7% -11.8% 100 +33.1% 78 176 152 67 59 133 114 Q1FY22 Q1FY23 Operating PBT Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Margin 21.0% 22.8% 88 Specialty Business Despite several 67 continues to deliver h
Slide 8: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues (Rs. Crs) Q1FY23 Highlights +32% 176 133 Achieved highest quarterly revenue Significant improvement in visibility driven by repeat Q1FY22 Q1FY23 orders from Customers Strong pipeline of growth opportunities, especially in 52% agrochemicals, driven by
Slide 9: Business Vertical - HPP
Business Vertical - HPP Revenues (Rs. Crs) Q1FY23 Highlights +33% 152 114 Higher sales driven by higher volumes as well as strong pricing power Q1FY22 Q1FY23 Revenues from the new plant set up for Honeywell to start from Q2FY23 22% Debottlenecking capex of Rs. 80 Crores approved by Q1FY23 board for
Slide 10: Business Vertical - CDMO
Business Vertical - CDMO Revenues (Rs. Crs) Q1FY23 Highlights -12% 67 59 c-GMP-3 plant capacity expansion work on track to be commissioned in Q3FY23 Q1FY22 Q1FY23 Focus on expanding project pipeline and further diversifying customer base Client audits at the plants are going well giving us Q1FY23 co
Slide 11: Financial Performance
Ny e PADMANABF MAFATLAL, GROUP Financial Performance
Slide 12: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q1 FY23 Q1 FY22 Y-o-Y Change % Q4 FY22 Q-o-Q Change% FY22 FY21 Y-o-Y Change % Net Revenue from Operations 386.8 313.9 23% 398.4 -3% 1,403.6 1,133.1 24% Raw Material 175.9 141.7 189.9 638.3 511.0 Employee Expenses 44.0 36.2 39.4 153.3 116.2 Ot
Slide 13: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q1 FY23 Q1 FY22 Y-o-Y Change % Q4 FY22 Q-o-Q Change % FY22 FY21 Y-o-Y Change % Net Revenue from Operations 397.5 326.5 22% 408.9 -3% 1,453.4 1,179.4 23% Raw Material 182.3 148.4 196.7 665.6 537.4 Employee Expenses 50.7 43.8 47.3 181.5 141.7
Slide 14: NFIL at glance
Ny e PADMANABF MAFATLAL, GROUP NFIL at glance
Slide 15: 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 16: 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 CDMO in
Slide 17: Our Delivery
Our Delivery Revenues (Rs. Crs) Revenue Contribution (%) FY2011 FY2022 1,404 Commenced Specialty Speciality Chemicals 27% 40% 11.3 % Chemicals in 2000 431 11Y CAGR FY11 FY22 Inorganic Fluorides & Refrigerants (HPP) HPP 73% 39% Net Profit (Rs. Crs) are traditional business since 1967 266 12.6 % Comme
Slide 18: 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 Beginning of New Partnership in agrochemicals Performance Product (HPP) backed by multi year supply contract Launch of new products in Manufacturin
Slide 19: HPP Manufacturing Plant inaugurated
HPP Manufacturing Plant inaugurated Gujarat CM and Honeywell inaugurated HPP manufacturing plant of NFASL. Navin Fluorine had entered into $410 million contract with Honeywell International Inc. for manufacture and supply of a High-Performance Product (HPP) in the fluorochemical space Capex funded R
Slide 20: 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 CDMO & Innovation & Change growth Investment In MPP (Multi Specialty which now - Moving into the new Hi
Slide 21: ESG represents the cornerstone of our business
ESG represents the cornerstone of our business
Slide 22: 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 23: Environmental Commitment
Environmental Commitment Systems driven Minimising carbon footprint Audit discipline Environment Approach Continues to invest in environmental Outlined a policy to progressively reduce Addressed the HSE subject through a management systems, coupled with energy and greenhouse emissions documental and
Slide 24: Social Programme
Social Programme Social Programme Social Approach ✓ Secured the integrity of processes and ✓ Segregated plants into zones with separate practices through a Job Hazard Analysis entry and exit points to ease in contact tracing ‘S’ comprises the role of coupled with Standard Operating Procedures. and c
Slide 25: 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 26: Board of Directors
Diversity of thought and experience Mr. Vishad P. Mafatlal Mr. Mohan M. Nambiar Mr. Pradip N. Kapadia Mr. Sunil S. Lalbhai Chairman Non-Executive Non-Independent Director Independent Director Independent Director He is an industrialist having varied He has a vast experience of over 59 years. He He i
Slide 27: Balanced Board with Experience and Expertise
Balanced Board with Experience and Expertise Board Demographics meetings Board Independence during Highly FY2022 engaged 9 of 12 Board 17 Directors actively involved in NFIL’s 75% are Board Committee strategic transformation Independent 8 66 years median Board director's age Highly Experienced Board
Slide 28: Deepen respect for contribution to Societal Goals
Deepen respect for contribution to Societal Goals 5.28 Crores CHILD CARE Total CSR expenditure for the year ended March 31,2022 NFIL collaborated with Salaam Balak Trust, an NGO addressing the needs of street Touched and improved approx. 23,613 lives through community children in Mumbai, covering ch
Slide 29: 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 +91 9819916314 Mr. Basant Bansal payal.dave@linkintime.co.in Chief Financial Officer
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