Nava Limited · NSE:NAVA
Nava — Nava Bharat Ventures — Investor Presentation (May 2022)
42 slides from Nava's investor presentation, May 2022
Slide 1: Investor Presentation May 2022
Investor Presentation May 2022
Slide 2: Disclaimer
DISCLAIMER Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors
Slide 3: Contents
Contents 04 - Financial Performance Update – Q4 & FY22 15 - Company overview 26 - Business segments
Slide 4: Q4 FY22
Q4 FY22
Slide 5: Q4 FY22 – Consolidated Financial Performance
Q4 FY22 – Consolidated Financial Performance NET REVENUES (INR Mn) # ADJUSTED EBITDA & EBITDA MARGIN (INR Mn) # PAT & PAT MARGIN (INR Mn) 11,393 50.5% 40.0% 44.6% 31.6% 35.0% 7,962 30.0% 5,080 20.0% 25.0% 43% 67% 3,597 20.0% 3,043 15.0% 1,594 10.0% 5.0% 0.0% Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q
Slide 6: Q4 FY22 – Domestic Financial Performance
Q4 FY22 – Domestic Financial Performance NET REVENUES (INR Mn) # EBITDA & EBITDA MARGIN (INR Mn) # PAT & PAT MARGIN (INR Mn) 5,319 17.1% 38.5% 17.1% 32.4% 4,161 971 28% 2,049 52% 710 37% 1,346 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Note: Domestic operations include NBVL & NBEIL. EBITDA incl
Slide 7: Q4 & FY22 - Consolidated Profit & Loss Statement
Q4 & FY22 - Consolidated Profit & Loss Statement Particulars (INR Million) # Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Revenue from Operations 10,165 6,887 47.6% 33,477 25,485 36.2% Cost of Goods Sold 2,587 2,105 22.9% 9,114 5,410 68.5% Gross Profit 7,587 4,782 35.7% 24,363 20,075 9.7% Gross Margin
Slide 8: Q4 & FY22 - Domestic Profit & Loss Statement
Q4 & FY22 - Domestic Profit & Loss Statement Particulars (INR Million) Q4 FY22 Q4 FY21 Yoy FY22 FY21 yoy Total Revenue 5,679 4,161 27.8% 19,824 10,938 75.1% Cost of Goods Sold 2,534 2,060 23.0% 9,102 5,363 69.7% Gross Profit 3,145 2,101 49.7% 10,722 5,576 92.3% Gross Margin (%) 59.1% 50.5% 860 bps 5
Slide 9: Q4 & FY22 – Segmental Performance Highlights
Q4 & FY22 – Segmental Performance Highlights Revenue Breakdown - By Segments (INR Mn) Segments Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) India – Power Operations 2,580 1,705 51.3% 8,779 4,429 98.2% Ferro Alloys 3,304 2,998 10.2% 12,715 8,470 50.1% Zambia – Power Operations 4,598 2,633 74.6% 13,481 1
Slide 10: Q4 FY22 – Segmental Performance Highlights
Q4 FY22 – Segmental Performance Highlights EBITDA Breakdown (INR Mn) - By Segments Segments Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) % EBITDA Margin Q4 FY22 Q4 FY21 FY22 FY21 India – Power 687 648 6% 2,359 1,113 112.0% India - Power 26.6% 38.0% 26.9% 25.1% Ferro Alloys 898 478 87.9% 3,424 883 287.8
Slide 11: Ferro Alloys Operations – Financial & Operating Metrics
Ferro Alloys Operations – Financial & Operating Metrics Key Operating Metrics Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Ferro & Silico Manganese Production (tons) 22,741 26,567 -14.4% 1,00,167 96,036 4.3% Sales (tons) 24,634 33,392 -26.2% 1,04,667 95,711 9.4% Ferro Chrome Production (tons) 15,921 14
Slide 12: India Power Operations – Financial & Operating Metrics
India Power Operations – Financial & Operating Metrics Key Operating Metrics Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Total Power Units Sold 463 289 60.2% 1,750 824 112.4% (in Million Units) ▪ Domestic power division revenues grew by 51.3% in Q4 FY22 primarily due to increased scale of operations M
Slide 13: Zambia Power Operations – Financial & Operating Metrics
Zambia Power Operations – Financial & Operating Metrics Key Operating Metrics Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Power Units Sold (in Million Units) 525 307 70.75% 1,536 1,679 -8.47% Average PLF (%) 91.2% 53.9% 66.0% 72.1% USD Millions INR Millions Key Financial Metrics Q4 FY22 Q4 FY21 YoY (%
Slide 14: Zambia Coal Mining – Financial & Operating Metrics
Zambia Coal Mining – Financial & Operating Metrics Key Operating Metrics Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Coal Sales to outsiders (In MTPA) 1,16,964 1,08,633 7.7% 5,01,976 3,75,412 33.7% USD Millions INR Millions Key Financial Metrics Q4 FY22 Q4 FY21 YoY (%) FY22 FY21 YoY (%) Q4FY22 Q4FY21
Slide 15: Company Overview
% NAVA BHARAT Company Overview
Slide 16: Quick Snapshot
Quick Snapshot Leading Business Group ▪ Diversified organization with interests in power generation, O&M Ferro Alloys services, ferro alloys, coal mining, sugar and health care ▪ Leading manufacturer & exporter of Manganese and Chromium Alloys ▪ Operates in different geographies spanning across Indi
Slide 17: Company Structure
Company Structure Ferro-Alloys Power Mining Healthcare Nava Bharat Energy India Ltd. Nava Energy Pte. Ltd. Nava Holding Pte. Ltd. Nava Bharat (Singapore) Pte. Ltd. Nava Bharat Ventures (Standalone) (100% Owned Subsidiary) (100% Owned Subsidiary) (Step-down Subsidiary) (100% owned subsidiary) Telanga
Slide 18: Diversified Geographic Presence
Diversified Geographic Presence Domestic Operations – Facilities Chart on India Map Global Operations – Facilities Chart on Global Map Note: Sugar & Allied Business including a sugar Processing Plant of 4,000 TCD, and Power Plant of 9 MW in Andhra Pradesh, has been classified as Discontinued Operati
Slide 19: Key Milestones in 50 Years
Key Milestones in 50 Years Commenced Global Acquired Forayed into Ferro Silicon Manganese & footprint - with Maamba Healthcare- Operations at Chrome Alloys establishment Collieries Ltd. enabled Operations at of 100% - Largest coal services in Paloncha, Kharagprasad, subsidiary in mine in South India
Slide 20: Key Management Team
Key Management Team Mr. D Ashok, Chairman Mr. P Trivikrama Prasad, MD • MBA from USA with 37 years experience in all facets of project • MBA from USA with 37 years experience in sugar industry, management, manufacturing and strategy. corporate planning and financial management. • Oversaw the growth
Slide 21: Analyzing Yearly Financials – Consolidated Operations
Analyzing Yearly Financials – Consolidated Operations Rs. in Mn Revenue EBITDA CAGR: 109% CAGR :117% 16,167 33,477 13,934 13,183 29,460 27,587 12,003 25,845 23,478 8,624 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT Debt Equity Ratio- FY22 CAGR: 120% 5,733 1.1 5,308 5,507 0.9 0.8 3,390 2,779
Slide 22: 50% of Total Revenue & EBITDA is Largely Non-cyclical
50% of Total Revenue & EBITDA is Largely Non-cyclical Zambia Ferro Zambia Power Others Power Alloys Coal (India) (India) (20-Year (India) Mining PPA) Captive Merchant Ferro Chrome Ferro & Silico (Tata Conversion) Manganese Revenue (INR Mn) 3,803 4976 2,396 10,319 2,748 13,481 3,631 Contribution % 9%
Slide 23: Key Strengths: Recurring Revenue & Captive Resources
Key Strengths: Recurring Revenue & Captive Resources Business Strengths Benefits i) CPP 204 MW ii) Conversion Agreement with TATA i) Substantial cost savings Ferro Alloys: Steel for Ferro Chrome ii) Steady revenue from TATA steel conversion Manganese Alloys & Ferro Chrome iii) Import tie up for bulk
Slide 24: Value Creation - Growth & Value Unlocking Initiatives
Value Creation - Growth & Value Unlocking Initiatives Non-core Asset Monetisation: • Monetise 20 MW IPP Power plant in Andhra Pradesh • Large land bank in Hyderabad, and Dharmavaram (near Kakinada Port) in Andhra Pradesh • Sugar plant & project land, Samalkot, Andhra Pradesh Drive Higher Revenue Gro
Slide 25: Discussing Our Business Segments
DISCUSSING OUR BUSINESS SEGMENTS Indian Ferro Indian Power Indian Sugar & Healthcare Zambia Power Zambia Mining Indian Ferro Alloys Indian Power Allied Healthcare Zambia Power Zambia Mining Alloys
Slide 26: Nava Bharat
NAVA BHARAT
Slide 27: Ferro Alloys - Moving away from Cyclicality
Ferro Alloys - Moving away from Cyclicality Ferro Alloys business has been one of the key drivers of growth Ferro Alloys in Brief… • Company’s Ferro Alloys capacities are supported by captive power giving them inherent advantage over competitors. • Company has contracted with Tata Steel for making f
Slide 28: Ferro Alloys – Key Financial & Operating Metrics
Ferro Alloys – Key Financial & Operating Metrics Production (tons) & Capacity Utilization (%) Chart Title 91% 92% 88% 100% 200,000 84% 77% 80% 82% 81% 80% 150,000 76% 77% 60% 105,032 100,803 100,167 95,301 96,036 100,000 68,423 61,171 68,657 65,981 40% 57,109 50,000 20% - 0% FY18 FY19 FY20 FY21 FY22
Slide 29: Indian Power Business
NAVA BHARAT Indian Power Business
Slide 30: Indian Power Assets: Ideal Mix of CPP & IPP
Indian Power Assets: Ideal Mix of CPP & IPP Power plants with capacity of 434MW are spread across over the states of Telangana, Odisha & Andhra Pradesh Standalone Operations Wholly Owned Subsidiary - NBEIL Location Paloncha, Telangana Kharagprasad, Odisha Andhra Pradesh Paloncha, Telangana 114 MW 15
Slide 31: CPP provides stability to earnings in Indian Power Business
CPP provides stability to earnings in Indian Power Business PLF India Power Revenue (INR Mn) 67% 67% 62% 64% 64% 59% 8779 54% 53% 49% 2,082 46% 2,694 38% 2,605 2,482 460 5,642 6,697 4,952 5,046 3,970 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 Standalone NBEIL Standalone * NBEIL EBIDTA (I
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Slide 33: Healthcare Operations
Healthcare Operations We have forayed into healthcare-enabled services with initial focus in Singapore and Malaysia Key Highlights • Asset-light model - Services covering diagnosis, drug procurement to administration. • Acquired 65% stake in TIASH Pte Ltd. that provided entry to healthcare enabled s
Slide 34: Operation & Maintenance
Operation & Maintenance 34
Slide 35: Operations & Maintenance Services
Operations & Maintenance Services NBVL’s Subsidiary “Nava Energy Pte Ltd” Provides Operations and Maintenance Related Services for MCL’s Power Plant in Zambia. This Generates a Stable Cash Flow Stream which is being repatriated to India • NBVL’s wholly-owned subsidiary “Nava Energy Pte Ltd” provides
Slide 36: Zambia Power
NAVA BHARAT Zambia Power
Slide 37: Zambia Power – Only Thermal Power Plant in Zambia
Zambia Power – Only Thermal Power Plant in Zambia Maamba Collieries Limited (NBVL’s 65% Subsidiary) is the only Thermal Power Producer in Zambia Making it an Indispensable Asset Given Zambia’s Power Deficit Status and Excessive Dependence on Hydropower Mamba Collieries Limited – Zambia Power Plant O
Slide 38: Zambia Power – Financial & Operating Metrics
Zambia Power – Financial & Operating Metrics Key Operating Metrics FY19 FY20 FY21 FY22 Power Units Sold (in Million Units) 1,732 1,781 1,896 1,735 Availability (%) 87.0% 76.6% 77.7% 66.5% Average PLF (%) 74.6% 76.3% 72.1% 66.0% Realisation per unit (USD) 0.12 0.11 0.12 0.12 Currency USD (In Millions
Slide 39: Zambia Coal Mining
NAVA BHARAT Zambia Coal Mining
Slide 40: Zambia Coal Mining – Effectively Complements Power Business
Zambia Coal Mining – Effectively Complements Power Business Maamba Collieries Limited (NBVL’s 65% Subsidiary) Operates the Largest Coal Mine in Zambia – Supplying High-Grade Coal to Industrial Customers like Lafarge, Dangote and others. Majority of the billing is in USD, and we realize the amounts w
Slide 41: Zambia Coal Mining – Financial & Operating Metrics
Zambia Coal Mining – Financial & Operating Metrics Key Operating Metrics FY18 FY19 FY20 FY21 FY22 CAGR (%) Coal Sales to outsiders 326,612 233,754 241,016 375,412 501,976 8% (Metric Tons Per Annum) Currency USD (In Millions) INR (In Millions) Key Financial Metrics FY18 FY19 FY20 FY21 FY22 FY18 FY19
Slide 42: Investor Relations Contacts
VSN Raju Chintan Mehta / Rahul Jaju Vice President & Company Secretary Dickenson World Nava Bharat Ventures Ltd Tel : + 91 9892183389 / +91 9773264172 Tel : + 91 40 2340 3501 Email : nava.bharat@dickensonworld.com Email : vsnraju@nbv.in 42
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