Navin Fluorine International Limited · NSE:NAVINFLUOR

Navin Fluorine International — Q2 FY24 Earnings Presentation

33 slides from Navin Fluorine International's earnings presentation, Nov 13, 2023

1. Slide 1: Intimation of Schedule of Analyst / Institutional Investor Meet

   November 13, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051 Scrip Code: 532504 Scrip Code: NAVINFLUOR EQ Dear Sir/Madam, Subject: Intimation of Schedule of Anal

2. Slide 2: Investor Presentation 2023

   ˜‡•–‘””‡•‡–ƒ–‹‘Ǧ –‘„‡”ʹͲʹ͵

3. Slide 3: Disclaimer

   ƒˆ‡ ƒ”„‘” Š‹• ’”‡•‡–ƒ–‹‘ ƒ† –Š‡ ƒ ‘’ƒ›‹‰ •Ž‹†‡• ȋ–Š‡ DzPresentation”), which have been prepared by Navin Fluorine International Limited ȋ–Š‡ DzCompany”), have been prepared solely for information purposes and do not constitute any offer, recommendation or ‹˜‹–ƒ–‹‘ –‘ ’—” Šƒ•‡ ‘” •—„• ”‹„‡ ˆ‘”

4. Slide 4: Centenary birth year of Shri Arvind N. Mafatlal

   Centenary birth year of the Shri Arvind N. Mafatlal ”˜‹†Ǥƒˆƒ–ŽƒŽ‘•–ƒŽ–ƒ’ Prime Minister Shri. Narendra Modi released a special postal stamp in honour of industrialist and philanthropist Mr. Arvind Bhai Mafatlal to celebrate the centenary birth year of the late businessman and philanthropist

5. Slide 5: Q2 FY24 & H1 FY24 Performance

   ʹ ʹͶƬ ͳ ʹͶ ’‡”ƒ–‹‘ƒŽ ‡”ˆ‘”ƒ ‡

6. Slide 6: H1 FY24 Performance at a glance

   ͳ ʹͶ Performance at a glance ƒŽ‡• ’‡”ƒ–‹‰ ’‡”ƒ–‹‰ ƒ”‰‹ ͳ ʹͶ •Ǥͻ͸͵”• •Ǥʹͳ͵”• ʹʹǤͳΨ +17.9% +10.2% -155 bps ‡˜‡—‡ ”‘™–ŠȋǦ‘ǦȌ Speciality HPP CDMO + 17.5% + 18.4% 18.0% • Consolidated Financials

7. Slide 7: Q2 FY24 Sales Built-Up

   ʹ ʹͶSales Built-Up ȋ•Ǥ”•Ȍ Q2FY24 Highlights ̱ͻͲǦͳͲͲ ̱ͷͷͲǦͷ͹Ͳ ƒ ƒŽ‡• Ž‘™‡” –Šƒ ‡š’‡ –‡† ’”‹ƒ”‹Ž› †—‡ –‘ǣ ͶͺǤʹ Ͷ͹ͳǤͺ ʹ͵ͺǤͳ o Ž‘™‡” •–ƒ„‹Ž‹œƒ–‹‘ ‘ˆ ͵ʹ ’Žƒ– o ”‘‰”‡••‹˜‡ ”ƒ’‹‰ —’ ’‘•– —‡Ȁ —Ž› •Š—– †‘™ ‹ ’Žƒ– ƒ– ƒŠ‡Œ o ƒŽ‡• ‘ˆ ƒ ƒ’ƒ‹‰ ‹ †‡ˆ‡””‡† –‘ ͳͺͷǤͷ ͵ ʹͶ †—‡ –‘ Šƒ‰‡ ‹ ’”‘†— – •’‡ ‹ˆ‹

8. Slide 8: Q2 FY24 Operating Performance

   ʹ ʹͶȂ Operating Performance ‹‰ŠŽ‹‰Š–• Q2FY24 Highlights ’‡”ƒ–‹‰ ’‡”ƒ–‹‰ ƒ ’‡”ƒ–‹‰ ”‡†— ‡† „› ͳͷͶ „’• ‘ ƒ ‘—– ‘ˆ Margin ʹʹǤͶΨ ʹͲǤͺΨ Margin ͳ͹ǤʹΨ ͳͳǤͷΨ o ‘•– •ƒŽ‡• ‡–‹‘‡† ‹ ’”‡˜‹‘—• •Ž‹†‡ ͻͺ ͹ʹ ͻͶ o ‡ ‘ˆˆ ‡š’‡•‡ ‘ˆ ̱•Ǥ ͸ ”• ‹ ƒŠ‡Œ ‘ ‘””‡ –‹˜‡ ‡ƒ•—”‡• ͷͶ ƒ ’‡”ƒ–‹‰ ”‡ˆŽ‡ –• Š‹‰Š‡” †‡’”‡ ‹

9. Slide 9: Specialty Chemicals

   —•‹‡••‡”–‹ ƒŽǦ Specialty Chemicals Revenues Q2FY24 Highlights +4.6% ͳͺ͸ 9 ƒŽ‡• ‹’ƒ –‡† †—‡ –‘ †‡ˆ‡””ƒŽ ‘ˆ ʹ ƒ’ƒ‹‰• ƒ– ƒŠ‡Œ ͳ͹͹ 9 ‘„—•– ’‹’‡Ž‹‡ ‘ˆ ‡™ ‘Ž‡ —Ž‡• ȋͷ ‘Ž‡ —Ž‡• –‘ „‡ ‹–”‘†— ‡† ‹ –Š‡ ‡š– “—ƒ”–‡” Ȃ ʹ ƒ– ƒŠ‡Œ ƒ† ͵ ƒ– —”ƒ–Ȍ ʹ ʹ͵ ʹ ʹͶ 9 ‰”‘ ƒ’‡š ‡•–‹ƒ–‡† –‘ ‘‹••‹‘ „› ‡† ʹͶǤ • ”‡

10. Slide 10: HPP

    —•‹‡••‡”–‹ ƒŽǦ HPP Revenues Q2FY24 Highlights +24.0% 9 ͵ʹ ’Žƒ– •–ƒ„‹Ž‹œ‡† ‹ ‹† ‡’–‡„‡” ƒ† ‹• ʹ͵ͺ ‘’‡”ƒ–‹‰ –‘ ‘’–‹ƒŽ ƒ’ƒ ‹–›Ǥ –”‘‰ ‘”†‡” ’‹’‡Ž‹‡ ͳͻʹ ˆ‘” ‘‹‰ “—ƒ”–‡”• 9 ”‹ ‹‰ ”‡••—”‡ ‹ ‡ˆǤ ƒ• ‡š’‘”–• ‘–‹—‡• ʹ ʹ͵ ʹ ʹͶ 9 Žƒ– ƒ– ƒŠ‡Œ ’”‘‰”‡••‹˜‡Ž› ”ƒ’‹‰ —’ ’‘•– —‡Ȁ —Ž› •Š—– †‘™ ͵͹Ψ Q

11. Slide 11: CDMO

    —•‹‡••‡”–‹ ƒŽǦ CDMO Revenues Q2FY24 Highlights -3.1% 9 ‡˜‡—‡• ‹ ʹ ʹͶ ™‡”‡ ƒŽŽ ˆ”‘ ‡™ ‘Ž‡ —Ž‡•Ǥ ƒŽ‡• ͷͲ Ͷͺ ˆ”‘ ƒ ƒ’ƒ‹‰ †‡ˆ‡””‡† –‘ ͵ ʹͶ 9 ‡’‡ƒ– ‘”†‡”• ˆ‘” ʹ Žƒ”‰‡ ‘Ž‡ —Ž‡• ‘˜‡† ˆ”‘ ʹ͵ –‘ ʹͶ ʹ ʹ͵ ʹ ʹͶ 9 Ͷ †‡–ƒ‹Ž‡† ‡‰‹‡‡”‹‰ ’”‘‰”‡••‹‰ ƒ• ’‡” ’Žƒ 9 Dzƒ˜‹ ‘Ž‡ —Žƒ”dz „”ƒ† ™ƒ• Žƒ— Š‡† ƒ–

12. Slide 12: Consolidated Profit & Loss Statement

    ‘•‘Ž‹†ƒ–‡†”‘ˆ‹–ƒ„‹Ž‹–›–ƒ–‡‡– Particulars (Rs. Crs.) Q2 FY24 Q2 FY23 Y-o-Y Change % Q1 FY24 Q-o-Q Change % H1FY24 H1 FY23 Y-o-Y Change % Net Revenue from Operations 471.8 419.2 13% 491.2 -4% 962.9 816.7 17.9% Raw Material 202.0 183.58 202.7 404.7 365.9 Employee Expenses 60.9 57.22 79.2 140.0 107.9

13. Slide 13: Consolidated Balance Sheet

    ‘•‘Ž‹†ƒ–‡†ƒŽƒ ‡Š‡‡– ASSETS (Rs. Crs.) 30-Sep-23 31-Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-23 31-Mar-22 Non-current assets 2,578.5 2,144.8 EQUITY 2,266.2 2,184.9 Property, Plant and Equipment 1621.4 1471.8 Equity Share Capital 9.9 9.9 Capital work-in-progress 520.0 278.6 Right-of-use Asset

14. Slide 14: Consolidated Cash Flow Statement

    ‘•‘Ž‹†ƒ–‡†ƒ•ŠˆŽ‘™–ƒ–‡‡– Particulars (Rs Crs.) 30-Sep-23 31-Mar-23 Cash flow from operating activities Profit before tax 159.0 495.9 Adjustments for noncash items 64.2 81.1 Operating profit before working capital changes 223.2 576.9 Working capital adjustments 274.8 -530.7 Cash flows generated fro

15. Slide 15: Standalone Profit & Loss Statement

    –ƒ†ƒŽ‘‡”‘ˆ‹–ƒ„‹Ž‹–›–ƒ–‡‡– Particulars (Rs. Crs.) Q2 FY24 Q2 FY23 Y-o-Y Q1 FY24 Q-o-Q H1FY24 H1 FY23 Y-o-Y Net Revenue from Operations 314.8 366.4 -14% 350.7 -10% 665.5 753.2 -12% Raw Material 141.6 161.7 145.4 287.0 337.6 Employee Expenses 39.0 46.9 58.7 97.7 90.9 Other Expenses 73.3 67.9 62.1 1

16. Slide 16: Standalone Balance Sheet

    –ƒ†ƒŽ‘‡ƒŽƒ ‡Š‡‡– ASSETS (Rs. Crs.) 30-Sep-23 31-Mar-22 EQUITY AND LIABILITIES (Rs. Crs.) 30-Sep-23 31-Mar-22 Non-current assets 1,433.8 1,380.7 EQUITY 2,217.5 2,141.0 Property, Plant and Equipment 582.5 414.7 Equity Share Capital 9.9 9.9 Capital work-in-progress 44.5 153.6 Right-of-use Assets 21.

17. Slide 17: Standalone Cash Flow Statement

    –ƒ†ƒŽ‘‡ƒ•ŠˆŽ‘™–ƒ–‡‡– Particulars (Rs Crs.) 30-Sep-23 31-Mar-23 Cash flow from operating activities Profit before tax 154.4 418.2 Adjustments for noncash items 4.0 30.7 Operating profit before working capital changes 158.4 448.9 Working capital adjustments 183.9 -189.1 Cash flows generated from o

18. Slide 18: Dividend as % of Face Value

    ‘•‹•–‡–‹˜‹†‡†‡”ˆ‘”ƒ ‡ Dividend as % of Face Value ƒ›‘—– Ψ Special Final Interim 750% 600% 550% 550% 550% 500% 150% 600% 150% 390% 350% 400% 300% 300% 315% 150% 75% 200% 180% 210% 160% 160% 400% 140% 150% 150% 130% 110% 85% 65% 75% 85% 85% 250% 250% 250% 250% 75% 170% 190% 85% 75% 75% 75% 100% 1

19. Slide 19: Padmanabh Mafatlal Group

    PADMANABH MAFATLAL GROUP

20. Slide 20: Navin Fluorine

    Navin Fluorine Ȃ ”—•–‡† Ž‘„ƒŽƒ”–‡” Ͳͳ ‡‘ˆ–Š‡‘•–”‡•’‡ –‡† Ž‘„ƒŽŽƒ›‡”•‹•’‡ ‹ƒŽ–›ˆŽ—‘”‘ Š‡‹ ƒŽ• Ͳʹ ”—•–‡†’ƒ”–‡”–‘‰Ž‘„ƒŽ‹ˆ‡• ‹‡ ‡ǡ”‘’ ‹‡ ‡ƒ†‡”ˆ‘”ƒ ‡ ƒ–‡”‹ƒŽ ‘’ƒ‹‡• Ͳ͵ — ‡••ˆ—Ž–”ƒ ”‡ ‘”†‘ˆ†‹• ‹’Ž‹‡†‡š‡ —–‹‘ ‹–‡••‹‰ƒ‡š ‹–‹‰‰”‘™–Š’Šƒ•‡ǡƒ‹‰•‹œƒ„Ž‡‹˜‡•–‡–•‹ ͲͶ ƒ’ƒ ‹–›ǡ’”‘†— –’Žƒ–ˆ‘

21. Slide 21: Navin Fluorine

    Navin Fluorine ƒ–ƒ‰Žƒ ‡ ƒ—ˆƒ –—”‹‰ plants strategically located Ž‘•‡” –‘ ƒŒ‘” ’‘”–• Strong global partners ‹ Ž—†‹‰ ’Šƒ”ƒ ƒ† ‰”‘ ‘˜ƒ–‘”• ‡ ‘ˆ Largest Integrated Specialty Fluorochemical c‘’ƒ› ‹ †‹ƒ ˜‡”50 years ‘ˆ‡š’‡”–‹•‡‹ ƒ†Ž‹‰ Ž—‘”‹‡ —‹Ž– “India’s only plant with high pressure fl

22. Slide 22: Integrated Operations

    Integrated —•‹‡••‘†‡Ž • Š‡‹ ƒŽ ‘’Ž‡š ƒ– Surat •’”‡ƒ† ‘˜‡” 135 • ƒ ™ƒ”†‹–‡‰”ƒ–‹‘ˆ‘”ƒ™ƒ–‡”‹ƒŽ acresǡ Š‘—•‡• ‡ˆ”‹‰‡”ƒ–ǡ ‘”‰ƒ‹ Ƭ –Š”‘—‰Š25% JV partner ‹–Š‡‘Ž› ’‡ ‹ƒŽ–› Š‡‹ ƒŽ• Žƒ–• Ž—‘”•’ƒ”„‡‡ˆ‹ ‹ƒ–‹‘ ‘’ƒ›‹ †‹ƒ • cGMP Compliant facility ˆ‘” ‹ • Diversified sourcing of Fluorspar ƒ™ƒ›

23. Slide 23: Delivering on the 3P Strategy through New Capex Programs

    ‡‹ˆ‘” ‡‡–‘ˆTrust Delivering on the 3P Strategy (Product, Platform and Partnerships) through New Capex Programs ̈́ͶͳͲ  —Ž–‹ ‡ƒ” ‘–”ƒ – ‹ High ‡‰‹‹‰ ‘ˆ New Partnership ‹ ƒ‰”‘ Š‡‹ ƒŽ• Performance Product (HPP) „ƒ ‡† „› —Ž–‹ ›‡ƒ” •—’’Ž› ‘–”ƒ – ƒ— Š ‘ˆ ‡™ ’”‘†— –• ‹ ƒ—ˆƒ –—”‹‰ƒ†•—’’Ž›‘

24. Slide 24: Journey of Transformation continues…

    Core Business –”ƒ–‡‰› ƒŽ—ƒ„Ž‡ƒ† ”‡•‡ ‡‹–‘ ‹‰ŠǦ —•–‘‡”ǯ• Ž‡ƒ” ‡’‡†ƒ„Ž‡ †‡ƒ†•’‡ ‹ƒŽ‹œ‡† Š‘‹ ‡Ǧ –”‘‰’‹ŽŽƒ” Ž—‘”‘ Š‡‹ ƒŽ ’”‘†— –„ƒ•‡– ‘ˆƒ”–‡”•Š‹’ ‘’ƒ› Increase share of Ƭ Innovation & Change growth Investment In MPP (Multi ’‡ ‹ƒŽ–› ™Š‹ Š ‘™ Ǧ ‘˜‹‰ ‹–‘ –Š‡ ‡™ ‹‰ŠǦ Purpose Plant) Ȃ –‡”‹

25. Slide 25: ”‡’”‡•‡–• –Š‡ˆ‘—†ƒ–‹‘ ‘ˆ‘—”„—•‹‡••

    ”‡’”‡•‡–• –Š‡ˆ‘—†ƒ–‹‘ ‘ˆ‘—”„—•‹‡••

26. Slide 26: Sustainability

    —”’’”‘ƒ Š–‘Sustainability Approach Environment Social Governance 9 ˆˆ‡ –‹˜‡ ‘–”‘Ž•›•–‡• 9 ‘”ˆ‘” ‡ 9 ‘ƒ”†‘ˆ‹”‡ –‘”• 9 ‡†— ‹‰‰”‡‡Š‘—•‡‰ƒ• 9 —•–‘‡”ƒ†‡†‘”• 9 –‡‰”‹–› ‹••‹‘• 9 ‘—‹–› 9 ‘‰‡” 9 ‘’Ž‹ƒ ‡ 9 ƒƒ‰‡†š’ƒ•‹‘ 9 —†‹– 9 ”ƒ† 25 25

27. Slide 27: Environment Conservation

    —”Environment Conservation ‹‹–‹ƒ–‹˜‡• Reduce Zero Liquid Discharge (ZLD) Restore Reuse o We have Renewable Energy o Our Dewas unit’s zero liquid o Our Dewas unit participated in one of our sites and is in discharge facility utilises treated in Green Mahotsav by the o We are supplying some of its pr

28. Slide 28: Social

    —”Social ‹‹–‹ƒ–‹˜‡• 1413 —ŽŽ–‹‡‡’Ž‘›‡‡•ƒ• ‘ƒ” Šʹ͵ 846 Customers Workforce & Community –‹˜‡—•–‘‡”•ƒ•‘ ƒ” Šʹ͵ Vendors Rs. 60 L ˜‡•–‡–‹”ƒ‹‹‰ Ƭ™ƒ”‡‡•• Strategic investments in its workforce, Strengthened engagements with Sustained stable engagements with including recruitment, retention and

29. Slide 29: Governance

    Governance ‡•–”ƒ –‹ ‡ Governance Programme Composition of Committees —– ‘ˆ ˆ‘—” ‡„‡”• ‘ˆ Nomination –”— –—”‡†’‘Ž‹ ‹‡•ƒ†’”‘ ‡••‡• and Remuneration Committeeǡ ƒ††”‡••‡†‹˜‡•–‘”‰”‹‡˜ƒ ‡• –Š”‡‡ ƒ”‡ †‡’‡†‡– ƒ† ‘‡ ‘Ǧ Reported NO š‡ —–‹˜‡ 9 ‡ˆƒ—Ž–•ˆ‘””‡’ƒ›‡–•ǡ ”‡†‹–‘”•ǡ ‡’–‡†ƒŽŽ–Š‡”‡•‘Ž—–‹‘•’”‘

30. Slide 30: Balanced Board

    Balanced Board ™‹–Šš’‡”‹‡ ‡ƒ†š’‡”–‹•‡ Board Demographics meetings Board Independence during Highly FY2023 engaged 9 of 13 Board 17 Directors ƒ –‹˜‡Ž›‹˜‘Ž˜‡†‹NFIL’s 69% are Board Committee strategic transformation Independent 8 68 years ‡†‹ƒ Board †‹”‡ –‘”̵•ƒ‰‡ Highly Experienced Board to Separ

31. Slide 31: Board of Directors

    Diversity ‘ˆ–Š‘—‰Š–ƒ†‡š’‡”‹‡ ‡ Mr. Vishad P. Mafatlal (Chairman) Mr. Atul K. Srivastava (Independent Director) ‡ ‹• ƒ ‹†—•–”‹ƒŽ‹•– Šƒ˜‹‰ ˜ƒ”‹‡† ‡š’‡”‹‡ ‡ ‘ˆ ‘˜‡” ʹ͸ ‡ƒ”• ‹ –Š‡ ˆ‹‡Ž† ‘ˆ ‡š–‹Ž‡• ƒ† Š‡‹ ƒŽ•Ǥ ‡ Š‘Ž†• ƒ ƒ Š‡Ž‘” ‘ˆ ‡ Šƒ• ƒ ‡š’‡”‹‡ ‡ ‘ˆ ‘˜‡” Ͷ͸ ›‡ƒ”• ‹ Žƒ”‰‡ ‘”’‘”ƒ–‡•ǡ ‹ –Š‡ ƒ

32. Slide 32: Community Engagement

    –”‡‰–Š‡‹‰Community Engagement ƒ–ƒ˜‹ Ž—‘”‹‡ 6.15 Crores ‘–ƒŽ‡š’‡†‹–—”‡ˆ‘”–Š‡›‡ƒ”‡†‡†ƒ” Š͵ͳǡʹͲʹ͵ ‘— Š‡†ƒ†‹’”‘˜‡†‘”‡–ŠƒͺͶǡͲͲͲŽ‹˜‡•–Š”‘—‰Š ‘—‹–› †‡˜‡Ž‘’‡–‹‹–‹ƒ–‹˜‡• Contribution made towards the above trusts and activities SHRI SADGURU SEVA SANGH CHARUTAR AROGYA BLIND PEOPLE’S OLYMPIC G

33. Slide 33: Thank You

    Thank You ‘–‡ For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Orient Capital ȋƒ†‹˜‹•‹‘‘ˆ‹ ”‘—’Ȍ ǣʹͶͳͳͲ ͳͻͻͺͳͳͷͶͻͻ Ms. Payal Dave Ϊͻͳͻͺͳͻͻͳ͸͵ͳͶ ”Ǥ‹•Š ƒƒ–”ƒ ’ƒ›ƒŽǤ†ƒ˜‡̷Ž‹‹–‹‡Ǥ ‘Ǥ‹ Š‹‡ˆ ‹ƒ ‹ƒŽˆˆ‹ ‡” ƒ‹•ŠǤ‰ƒƒ–”ƒ̷ˆ‹ŽǤ‹ Mr.

Navin Fluorine International — Q2 FY24 Earnings Presentation on 6ix