Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Q1 FY22 Earnings Presentation
23 slides from Navin Fluorine International's earnings presentation, Jul 26, 2021
Slide 1: Exchange filing cover letter for Q1 FY22 investor presentation
July 26, 2021 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 Stock Code: 532504 Stock Code: NAVINFLUOR EQ Dear Sir / Madam, Sub.: Investor Presentation for Q1 of FY 2
Slide 2: Navin Fluorine International Limited Investor Presentation – Q1 FY22
Navin Fluorine International Limited Investor Presentation – Q1 FY22 Growing responsibly
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: Q1FY22 – Good Sustainable Performance
Q1FY22 – Good Sustainable Performance High Value Businesses Operating Revenue +53% Rs. 314 crores 200 131 +53% Operating EBITDA YoY Highlights +50% Q1FY21 Q1FY22 Rs. 78 crores Q1FY22 Margin at 25% Q1FY22 Revenue Contribution 64% Operating PBT +59% Contribution from Rs. 67 crores High Value Businesse
Slide 5: Good Sustainable Performance
Good Sustainable Performance (Rs. Crs) High Value Businesses Legacy Businesses Total Revenue 207 200 117 114 324 314 Addition of new customers 131 74 205 Robust performance by High Value Businesses Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Q1FY21 Q4FY21 Q1FY22 Operating EBITDA Operating PBT Margin 2
Slide 6: Business Vertical - Specialty Chemicals
Business Vertical - Specialty Chemicals Revenues (Rs. Crs) Q1FY22 Highlights +37% 133 97 Good demand from International and Domestic markets Business growth driven by mix of new products and market Q1FY21 Q1FY22 share gain 53% Robust new product pipeline 47% Q1FY22 India International 5
Slide 7: Business Vertical - CRAMS
Business Vertical - CRAMS Revenues (Rs. Crs) Q1FY22 Highlights +98% 67 Good performance driven by repeat orders leading to better 34 capacity utilization Q1FY21 Q1FY22 New customer development across Europe and US 0% Focus on expanding project pipeline and further diversifying customer base Q1FY22 1
Slide 8: Business Vertical - Inorganic Fluorides
Business Vertical - Inorganic Fluorides Revenues (Rs. Crs) Q1FY22 Highlights +97% 56 Good demand from existing end user industry 28 Q1FY21 Q1FY22 Good traction been seen from newer end user segments 10% New international customer driving performance Q1FY22 90% India International 7
Slide 9: Business Vertical - Refrigerant Business
Business Vertical - Refrigerant Business Revenues (Rs. Crs) Q1FY22 Highlights +28% 59 46 Trade and service demand improved despite COVID related restrictions International markets witnessed good volume growth, Q1FY21 Q1FY22 however prices were subdued 41% Steady Non-emissive application sales Q1FY22
Slide 10: Capacity Expansion - High Performance Product (HPP)
Capacity Expansion - High Performance Product (HPP) Key Highlights Entered into a $410 million contract with a Global Company for manufacture and supply of a High-performance Product (HPP) in the fluorochemical space $410 Mn $61.5 Mn Project will be executed through wholly owned subsidiary Navin Flu
Slide 11: HPP Contract - Reinforcement of Trust
HPP Contract - Reinforcement of Trust Developed new capabilities by venturing into High Performance Product (HPP) Delivery on NFIL’s long term strategy with important steps in portfolio transformation Entered into seven-year contract of $410mn (i.e. approximately Rs. 2,800 crores) with a leading Glo
Slide 12: Capacity Expansion - Multi-Purpose Plant (MPP)
Capacity Expansion - Multi-Purpose Plant (MPP) Other Key Points Rs. 195 crores Rs. 260 – 280 crores • Project will be executed through wholly owned subsidiary Navin Fluorine Advanced Sciences Limited Capex to be funded (NFASL) at Dahej in the state of Gujarat Expected peak by internal accruals annua
Slide 13: Business Strategy
Business Strategy Growing responsibly
Slide 14: 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 our High Innovation & Change growth Investment In MPP (Multi Value Business (CRAMS & - Moving into the
Slide 15: Financial Performance
Financial Performance Growing responsibly
Slide 16: Standalone Profitability Statement
Standalone Profitability Statement Particulars (Rs. Crs.) Q1 FY22 Q1 FY21 Y-o-Y Change % Q4 FY21 Q-o-Q Change % FY21 FY20 Y-o-Y Change % Net Revenue from Operations 313.9 204.7 53% 324.0 -3% 1,133.1 1,022.3 11% Raw Material 141.7 85.2 153.2 511.0 464.9 Employee Expenses 39.6 31.0 32.5 124.9 116.5 Ot
Slide 17: Other Income Built-up
Other Income Built-up Q1 FY22 (Rs. Crs) Q1 FY21 (Rs. Crs) 35.6 -0.6 7.9 -0.6 7.6 0.9 -2.6 -26.2 6.2 Reported One Off Gain* MTM Gain Adjusted Reported One Off MTM Gain Interest Adjusted Other Income Other Income Other Gain* Income on other Income tax refund income 16 * One-Off Gain is towards Sale of
Slide 18: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Crs.) Q1 FY22 Q1 FY21 Y-o-Y Change % Q4 FY21 Q-o-Q Change % FY21 FY20 Y-o-Y Change % Net Revenue from Operations 326.5 214.9 52% 336.4 -3% 1,179.4 1,061.6 11% Raw Material 148.4 91.0 160.7 537.4 483.8 Employee Expenses 43.8 34.6 36.9 141.7 130.8
Slide 19: NFIL at glance
NFIL at glance Growing responsibly
Slide 20: NFIL at glance
NFIL at glance Manufacturing plants strategically located closer to major ports Strong Clientele base in India & abroad, including Global Innovators Largest Integrated Specialty Fluorochemical Company in India Over 50 years of expertise in Handling Fluorine Built “India’s only plant with high pressu
Slide 21: Our Capabilities
Our Capabilities Manufacturing Raw Material Sourcing In-house R&D Fluorination Capabilities • Chemical Complex at Surat • Backward integration for Raw • State-of-the-art R&D centre – • Pioneered Manufacturing spread over 135 acres, houses material through 25% JV Navin Research Innovation of Refriger
Slide 22: Our Delivery
Our Delivery Commenced Specialty Commenced CRAMS Inorganic Fluorides & Refrigerants are Chemicals in 2000 business in 2011 traditional business since 1967 Specialty Chemicals – Inorganic Fluorides – FY21 – Revenue % CRAMS – 24% Refrigerants – 18% 40% 18% Specialty Chemicals – Inorganic Fluorides – R
Slide 23: Thank You Note
Thank You Note 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 Mr. Jigar Kavaiya Chief Financial Officer +91 99206 02034 ket
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