Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Q1 FY24 Earnings Presentation
22 slides from Navneet Education's earnings presentation, Aug 3, 2023
Slide 1: Exchange submission letter for Q1 FY24 presentation
NEL/196/2023 Date: 03rd August, 2023 The Secretary Corporate Relationship Department National Stock Exchange of India Ltd. Bombay Stock Exchange Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, 1st Floor, New Trading Ring, 'G' Block, Bandra‐Kurla Complex, Rotunda Building, P. J. Towers, Bandra (East),
Slide 2: Building on a Strong Foundation - Q1 FY24 Investor Presentation
BUILDING ON NAVNEET EDUCATION LIMITED Investor Presentation A STRONG Q1 FY24 FOUNDATION
Slide 3: Safe Harbor
SAFE HARBOR 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 sec
Slide 4: Standalone & Consolidated Financial Highlights Q1 FY24
Standalone & Consolidated Financial Highlights Q1 FY24
Slide 5: Management Commentary – Q1 FY24
MANAGEMENT COMMENTARY – Q1 FY24 Performance Highlights, Mr. Gnanesh (Sunil) Gala, Managing Director: “The first quarter has consistently been a robust period for our standalone Publication business, primarily due to the reopening of SSC board schools in June. This segment comprises of workbooks, gui
Slide 6: Standalone Performance Highlights – Q1 FY24
STANDALONE PERFORMANCE HIGHLIGHTS – Q1 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores) +15% +8% +5% 784.9 222.9 149.7 157.9 682.8 206.9 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 EBITDA Margin Profit After Tax 30.3% 21.9% 28.4% 20.1% Q1 FY23
Slide 7: Standalone Segment Performance Highlights – Q1FY24
STANDALONE SEGMENT PERFORMANCE HIGHLIGHTS – Q1FY24 Stationery Revenue - Domestic Stationery Revenue - Exports Publications Revenue (Rs. In Crores) (Rs. In Crores) (Rs. In Crores) +3% +20% 427.3 +22% 142.9 214.0 207.3 357.1 117.4 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 6
Slide 8: Standalone Profit & Loss Account – Q1FY24
STANDALONE PROFIT & LOSS ACCOUNT – Q1FY24 Profit & Loss (in Rs. Crores) Q1FY24 Q1FY23 YoY FY23 Revenue from Operations 784.9 682.8 15.0% 1,627.7 Cost of Goods Sold 450.0 374.3 938.3 Employee Cost 49.8 43.6 179.5 Other Expenses 62.2 58.1 172.8 EBITDA 222.9 206.9 7.8% 337.1 EBITDA Margin 28.4% 30.3% 2
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE 124 121 110 99 101 97 88 77 76 75 57 48 50 47 43 June'22 Sep'22 Dec'22 Mar'23 June'23 Receivable Days FG Inventory Days RM Inventory Days 8
Slide 10: Consolidated Performance Highlights – Q1 FY24
CONSOLIDATED PERFORMANCE HIGHLIGHTS – Q1 FY24 Revenue from Operations (Rs. In Crores) EBITDA (Rs. In Crores) Profit After Tax (Rs. In Crores) +14% 7% -5% 791.4 208.9 152.3 144.6 693.7 195.3 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 EBITDA Margin Profit After Tax 28.2% 22.0% 26.4% 18.3% Q1 FY23
Slide 11: Consolidated Profit & Loss Account – Q1 FY24
CONSOLIDATED PROFIT & LOSS ACCOUNT – Q1 FY24$ Revenue from Operations (Rs. In Crores) EBITDA* (Rs. In Crores) PAT (Rs. In Crores) Particulars Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 NEL 784.9 682.8 226.9 211.6 157.9 149.7 NFL (eSense) 4.7 4.0 (3.9) (7.0) (7.2) (8.9) Indiannica 3.3 7.6 (6.6)
Slide 12: 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 13: Company at Glance
COMPANY AT GLANCE Transforming With Time Since Vision Mission Core Values Over 6 Decades o Provide students with best quality supplementary study The Company has leveraged its material and curriculum extensive industry experience and textbooks at affordable insightful endeavors, the Company has o To
Slide 14: Journey So Far
JOURNEY SO FAR 1959 1970 1975 1990 1993 1994 2008 First Workbook Concept Published 21 Children Books Launched First Education Entered B2B Digest/Guide Introduced Most Likely Introduced Scholastic Publisher to be Digital Learning Published for Question Stationery Listed on BSE Space Std. X Sets and N
Slide 15: Board of Directors
BOARD OF DIRECTORS Shri Kamlesh S Vikamsey, Shri Gnanesh D Gala, Shri Raju H Gala, Chairman Managing Director Jt Managing Director Navneet Education Limited's governance Shri Anil D Gala, Shri Shailendra J Gala, Shri Dilip C Sampat, Whole-time Director Whole-time Director Whole-time Director approac
Slide 16: 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 (USA, Europe,
Slide 17: Numbers Testifying Company's Success
NUMBERS TESTIFYING COMPANY’S SUCCESS 50 million+ 6 3 300+ No. of Students No. of Subsidiaries Printing/ Authors (Including step-down Manufacturing subsidiary) Locations 30,000+ 5 750+ 2,700+ No. of Schools Mediums/Languages Hours of Digital No. of Employees Visited Annually for State Board Library P
Slide 18: 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 19: Building a Strong Global Presence
BUILDING A STRONG GLOBAL PRESENCE Q1 FY24 - Revenue Breakup of Stationery Business 10 11 9 1 40% 12 14 13 2 15 60% 16 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 20: 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 21: 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 22: 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