Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q3 FY2024 Earnings Presentation
21 slides from Navneet Education's earnings presentation, February 2024
Slide 1: Building on a Strong Foundation
BUILDING ON NAVNEET EDUCATION LIMITED Investor Presentation A STRONG February 2024 FOUNDATION
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navneet Education Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 3: Navneet Education Limited - A Panoramic View
Navneet Education Limited - A Panoramic View Navneet Education Limited is a leading educational syllabus-based provider that offers high-quality content across both print and digital mediums. With over 60 years of experience as an educational publisher and stationery manufacturer, the Company enjoys
Slide 4: Management Commentary – 9M FY24
MANAGEMENT COMMENTARY – 9M FY24 Performance Highlights, Mr. Gnanesh (Sunil) Gala, Managing Director: “During 9M FY24, the publication business has been consistently influenced by external factors, such as lower-than-anticipated offtake of channel inventory, an unprecedented increase in paper prices,
Slide 5: Product Offerings
PRODUCT OFFERINGS Navneet Education Limited Content Stationery Supplementary CBSE Non-Curriculum Curriculum Books* Books Paper Non-Paper Textbooks* (Maharashtra & (PAN India) (PAN-India & Stationery Stationery Gujarat) Exports) *Also Includes Digital Content Exports PAN-India PAN-India 5
Slide 6: Domestic Presence – Publication & Stationery Business
DOMESTIC PRESENCE – PUBLICATION & STATIONERY BUSINESS Supplementary Books : Maharashtra & Gujarat Text-Books : Pan India & Sri Lanka* Stationery : Pan India Digital Presence • Maharashtra • Andhra Pradesh • Karnataka • Chhattisgarh Note: Maps not to scale. All data, information, and maps are provide
Slide 7: Prominent Supplier of Scholastic & Office Stationery Products
PROMINENT SUPPLIER OF SCHOLASTIC & OFFICE STATIONERY PRODUCTS Our portfolio encompasses an array of stationery products catering to academic and non-academic segments, including global exports. Through our unique offerings, we establish and reinforce our brand’s essence within the educational landsc
Slide 8: Building a Strong Global Presence
BUILDING A STRONG GLOBAL PRESENCE 9M FY24 - Revenue Breakup of Stationery Business 10 11 9 36% 1 12 14 13 2 15 16 64% 3 7 25 4 6 5 29 18 17 8 30 31 26 28 19 27 Export Domestic 20 21 22 Export to 30+ countries globally 23 • Canada • Ireland • Ethiopia • U.A.E. 24 • USA • Norway • Kenya • Trinidad & T
Slide 9: State of the Art Manufacturing Facilities
STATE OF THE ART MANUFACTURING FACILITIES Achieving lean and efficient manufacturing to drive transition • The Company has always been ahead of the curve in its pursuit of operational excellence. Sayali Village, Silvassa, • Manufacturing capital for the Company is using its assets to effectively pro
Slide 10: Standalone & Consolidated Financial Highlights
Standalone & Consolidated Financial Highlights Q3 & 9M FY24
Slide 11: Standalone Performance Highlights – Q3 FY24
STANDALONE PERFORMANCE HIGHLIGHTS – Q3 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 31.6 24.5 259.2 252.7 25.4 12.0 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 EBITDA Margin Profit After Tax 12.2% 9.4% 10.1% 4.7% Q3 FY23 Q3 FY24 Q3 FY23 Q3
Slide 12: Standalone Performance Highlights – 9M FY24
STANDALONE PERFORMANCE HIGHLIGHTS – 9M FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 290.4 205.9 199.3 1,268.2 1,298.8 264.0 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 EBITDA Margin Profit After Tax 22.9% 16.2% 15.3% 20.3% 9M FY23 9M FY24
Slide 13: Standalone Segment Performance Highlights
STANDALONE SEGMENT PERFORMANCE HIGHLIGHTS Stationery Revenue - Domestic Stationery Revenue - Exports Publications Revenue (Rs. In Crores) (Rs. In Crores) (Rs. In Crores) 86.0 85.7 67.4 67.8 105.5 98.1 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Stationery Revenue - Domestic Stationery Re
Slide 14: Standalone Profit & Loss Account – Q3 FY24
STANDALONE PROFIT & LOSS ACCOUNT – Q3 FY24 Profit and Loss (in Rs. Crs) Q3FY24 Q3FY23 YoY 9MFY24 9MFY23 YoY Revenue from Operations 252.7 259.2 -2.5% 1,298.8 1,268.2 2.4% Cost of Goods Sold 140.4 148.9 741.0 714.0 Employee Cost 52.2 47.0 151.6 129.2 Other Expenses 34.8 31.8 142.2 134.6 EBITDA 25.4 3
Slide 15: Working Capital Cycle
WORKING CAPITAL CYCLE 115 111 107 104 96 94 91 92 93 72 57 52 54 40 41 Dec'22 Mar'23 June'23 Sep'23 Dec-23 Receivable Days FG Inventory Days RM Inventory Days Note: on TTM basis 15
Slide 16: Consolidated Performance Highlights – Q3 FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – Q3 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 10.3 30.7 264.3 258.8 4.0 Q3 FY23 Q3 FY24 -22.5 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 EBITDA Margin Profit After Tax 3.9% 11.6% 1.6% Q3 FY23 Q3 FY24 -8.7% Q3 FY23
Slide 17: Consolidated Performance Highlights – 9M FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – 9M FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores)* 238.2 180.8 1,287.8 1,316.0 208.6 158.0 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 EBITDA Margin Profit After Tax 18.5% 14.0% 15.9% 12.0% 9M FY23 9M FY2
Slide 18: Consolidated Profit & Loss Account – 9M FY24
CONSOLIDATED PROFIT & LOSS ACCOUNT – 9M FY24$ Revenue from Operations (Rs. In Crores) EBITDA* (Rs. In Crores) PAT (Rs. In Crores) Particulars 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 NEL 1,298.8 1,268.2 274.6 302.5 169.1 199.6 NFL (eSense) 13.9 8.6 -14.7 -26.0 -27.1 -33.0 Indiannica 0.5 12.5 -29.0
Slide 19: Investments by Navneet Group
Investments by Navneet Group • K12 Techno Services • SFA Sporting Services • Carveniche Technologies • Elation Edtech
Slide 20: Investments by Navneet Group
INVESTMENTS BY NAVNEET GROUP Link to Company’s Website – Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here Link to Company’s Website - Click Here The K12 education model provides elementary Fully integrated digital plus on-ground multi- education to students fr
Slide 21: Contact Information
Contact Information Company : Navneet Education Limited CIN: L22200MH1984PLC034055 Mr. Roomy Mistry – Investor Relations E: investors@navneet.com T: +91 9819958878 www.navneet.com Investor Relations Advisor : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Abhishek Shah / Mr. Prat