Navneet Education Limited · NSE:NAVNETEDUL
Navneet Education — Investor Presentation (March 2021)
39 slides from Navneet Education's investor presentation, Mar 31, 2021
Slide 1: A Premium Education House
A Premium Education Investor Presentation House As On 31st March 2021
Slide 2: Table of Contents
1 Company Overview 03 2 Navneet Group Business Insights 08 3 E-Learning Business Overview 13 Table Of 4 Indiannica Learning 18 Contents 5 K12 – School Management Company 19 6 Industry Insights 23 7 Financial Performance 29 8 Shareholders Information 38
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: About Navneet
ABOUT NAVNEET Navneet Education Limited, founded by the Gala Family, is an educational syllabus-based supplementary content provider in Print & Digital medium and a manufacturer of Scholastic Paper stationery for domestic and international markets. New range of text books for students of CBSE and IC
Slide 5: Vision, Mission & Core Values
VISION, MISSION & CORE VALUES Mission Vision Core Values To provide the highest quality of To provide students with best quality Excellence educational products and services supplementary study material and to customers in the language / curriculum text books at affordable Proactive medium of their
Slide 6: 6 Decades of Navneet – A Snapshot
6 DECADES OF NAVNEET – A SNAPSHOT Achieved Milestone Turnover of ₹1,000 Scholastic Stationery crores, Introduction of premium stationery New Stationery brand products under YOUVA launched, brand “HQ” Acquired Indiannica Learning 1993 Pvt. Ltd. (earlier Encyclopaedia Britannica (India) Pvt. Ltd.) Chi
Slide 7: Key Facts
KEY FACTS 25,000+ 2 No. of State Board Presence in States 35 Mn+ Schools visited for Supplementary Students using annually Books Navneet products 8,500+ CBSE / ICSE Schools visited 5,500+ annually 600+ No. of Titles 300+ SKU’s in Stationery No. of Authors 48,000+ 3,000+ Presence in Retail 25+ 350+ N
Slide 8: Navneet Group Business
NAVNEET GROUP BUSINESS
Slide 9: Navneet Group Business Portfolio
NAVNEET GROUP BUSINESS PORTFOLIO Curriculum (Maharashtra & Gujarat) Supplementary Books Non Curriculum PRINT (Pan-India & Exports) Text – Books (ICSE / CBSE) CONTENT E-LEARNING SSC (Adaptive (Maharashtra Learning) & Gujarat) B2B & B2C Domestic (Pan - India) PAPER STATIONERY School Management Exports
Slide 10: Navneet's Presence
NAVNEET’S PRESENCE Supplementary Books Maharashtra & Gujarat Digital Presence Maharashtra & Gujarat Orchid International Mumbai, Pune, Bengaluru, Hyderabad and Kolkata Text Books Andaman & Nicobar, Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Prade
Slide 11: Global Presence
GLOBAL PRESENCE 10 11 9 12 1 14 13 15 2 16 5 3 25 6 4 8 7 17 18 21 19 20 22 23 24 1. Canada 6. Puerto Rico 11. Sweden 16. Turkey 21. Zambia 2. U.S. 7. Costa Rica 12. Denmark 17. Ethiopia 22. Madagascar 3. Mexico 8. Panama 13. Germany 18. Kenya 23. South Africa 4. Honduras 9. Ireland 14. U.K. 19. Rwa
Slide 12: Growth Drivers for Navneet
GROWTH DRIVERS FOR NAVNEET Content Stationery Introduction of NEP CBSE Affiliated CBSE Pattern Domestic Exports Schools Schools Stationery Stationery Syllabus Change in State Board (SSC) Schools is a With the rapid growth of Many English Medium Increasing number of major growth driver as it On accou
Slide 13: eSense Learning
eSENSE LEARNING 1.2mn 210+ 4,000+ 15,000+ Team of authors, Students learning Institutes using TOPClass Classrooms digitised Illustrators and through TOPScorer animators 350+ 15,000+ 2,00,000+ Hours of digital content Videos MCQs Earnings Presentation 13
Slide 14: Growth Drivers - E-Learning Education
GROWTH DRIVERS - E-LEARNING EDUCATION YOUNG POPULATION : GOVERNMENT INITIATIVES India has the largest population in the world of about Government of India has taken several initiatives ~ 500 Mn in the age bracket of 5-24 years of which through the Ministry of Education and UGC to promote over 250 Mn
Slide 15: TOPScorer – Lock down Highlights
TOPScorer– Lock down Highlights April 2019 – Mar 2020 April 2020 – Mar 2021 1 6 Lac app downloads 1.7 Mn app downloads 2 2 Lac user registrations 1.25 Mn user registrations 3 1 Lac hours of video viewing 1 Mn hours of video viewing 4 42.5 Lac MCQs answered 21 Mn MCQs answered 5 100 Thousand monthly
Slide 16: Ed-Tech Digital Initiatives
Ed-Tech Digital Initiatives Navneet TOC Navneet Digibook Navneet Kids Platform (Teachers Online Course) Launched in Dec’20 Platform for the age group 0 – 8 Launched in Aug’20 Total Books for Usage – 458 Key Features No. of Registrations – 30,465 Uniquely positioned to deliver a No of
Slide 17: Ed-Tech Digital Initiatives
Ed-Tech Digital Initiatives Repurpose Platforms Repurposing present digital Dissemination of newly content at eSense and creation designed digital content of fresh content for All India through other platforms & markets. Investment between Partnership 25 – 40 cr. In 2 years Investments Digital Books
Slide 18: Indiannica Learning
INDIANNICA LEARNING 1 3 CBSE, ICSE, SSB 220+ 8,500+ Schools Pan-India School Presence 2 4 SCHOOLS VISITED CURRICULUM LOCATIONS EMPLOYEES ANNUALLY TARGET REACH 25,000+ CBSE / ICSE & 20,000+ SSC Schools o Extensive product catalogue comprising educational, instructional and information products & tech
Slide 19: K12 Techno Services
K12 TECHNO SERVICES Over the last few years, quality Direct Education is in great demand in the Country and hence seen a sudden growth. ORCHIDS – THE INTERNATIONAL SCHOOL 42 7 29,200+ 58,300+ No. of Schools Locations No. of Capacity (CBSE/ICSE) Students Locations No. of Schools Shareholding Pattern
Slide 20: Impact of Lockdown due to COVID Pandemic
Impact of Lockdown due to CoVID – 19 Pandemic The COVID-19 pandemic had a significant impact on the Company’s results for the FY 21. The Company took immediate expense reduction actions to mitigate the impact of liquidity. The Company continued to cater the International Clientele which help the com
Slide 21: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY PANDEMIC DISASTER MANAGEMENT - COVID 19 NON - COVID INTERVENTIONS Education Intervention Food kits distributed 44316 School kit distributed 600 Protection kits distributed in Govt. hospitals 4900 Syllabus / Curricular books distributed 5530 Masks distributed
Slide 22: Corporate Social Responsibility - Contd.
CORPORATE SOCIAL RESPONSIBILITY - Contd. MEDICAL & HEALTH INTERVENTION OTHERS Individual medical support 110 Community and Tribal Development Special needs children given food 35 Income generation for tribal women in Mushroom 2200 women Individual medical aid 91 farming TB patients provide
Slide 23: Industry Insights
INDUSTRY INSIGHTS
Slide 24: Industry Overview
INDUSTRY OVERVIEW Population Age 0-14 Age 15-59 Employment 1.34 1.39 415 435 845 890 465 534 Bn Bn Mn Mn Mn Mn Mn Mn 2017 2022 2017 2022 2017 2022 2017 2022 Expenditure on Education as a % of GDP 7.1 6.7 6.0 6.0 5.7 5.3 5.3 4.9 4.9 4.1 4.1 3.3 2.9 Finalnad New Zeland Brazil South Africa UK Australia
Slide 25: Industry Overview K-12 Segments
INDUSTRY OVERVIEW K-12 Vocational Education in Manufacturing & Services Higher Education K-12 (School) SEGMENTS Textbooks, e- learning & Allied Services Source: Technopak Analysis Presence in both Schooling & Ancillary Segments Earnings Presentation 25
Slide 26: Industry Insights – School System
INDUSTRY INSIGHTS – SCHOOL SYSTEM NCERT GOVERNMENT OF INDIA MINISTRY OF EDUCATION (National Council of Educational Research and Training) 96 2% 1% 1% % SCERT CBSE ICSE OTHERS State Council of Educational Research Central Board of Indian Certificate for IB and Training Secondary Education Secondary E
Slide 27: India's K-12 Scenario
INDIA’S K-12 SCENARIO No. of Government : 1.1 Mn schools Private : 0.4 Mn 1.5 Mn Additional Capacity Required for Students No. of Students 35 Mn Government : 150 Mn 260 Private : 110 Mn Mn Additional Requirement Additional Resources USD Annual of Teachers Government : 10 Mn Intake 18 Mn Private : 8
Slide 28: Industry Overview – E-Learning
INDUSTRY OVERVIEW – E-Learning India’s Online Education market size to grow by USD 1.96 billion in 2021 It is expected that Online Education sector will witness a growth of 44% CAGR. Userbase will rise to 9.6 million by 2021 The Growth in the market size will be backed by an increase in the number o
Slide 29: Financial Performance Q4 & YTD FY'21
FINANCIAL PERFORMANCE Q4 & YTD FY’21
Slide 30: Segmental Review – Q4 of FY'21
SEGMENTAL REVIEW – Q4 of FY’21 (INR in Lacs) Total Revenue EBITDA PBT 3,564 2,309 21,014 -8 % 3% -8 % 3,271 2,242 1,965 19,371 Q4FY 20 Q4FY 21 Q4FY 20 Q4FY 21 Q4FY 20 Q4FY 21 Publications Stationery - Domestic Stationery - Exports 49% 14% Segmental Revenue 62% Q4 FY21 9,069 4,404 5,560 Q4 FY20 5,588
Slide 31: Segmental Review – YTD FY'21
SEGMENTAL REVIEW – YTD FY’21 (INR in Lacs) Total Revenue EBITDA PBT 29,514 1,46,719 34,350 -44 % -63% 81,749 -71% 12,586 8,429 YTD-FY’20 YTD-FY’21 YTD-FY’20 YTD-FY’21 YTD-FY’20 YTD-FY’21 Publications Stationery - Domestic Stationery - Exports 58 % 53% 21% Segmental Revenue 12m of FY20 29,464 11,778
Slide 32: Standalone Financial Results – Q4 & YTD FY21
STANDALONE FINANCIAL RESULTS – Q4 & YTD - FY 21 (INR in Lacs) Quarter ended Mar‘21 YTD ended Mar'21 Particulars Q4 FY21 % of Q4 FY20 % of YTD- FY21 % of YTD FY20 % of (Actual) Revenue (Actual) Revenue (Audited) Revenue (Audited) Revenue Income from Operations 19,077 20,722 80,297 1,44,180 Other Inco
Slide 33: Receivables & Inventory Days
RECEIVABLES & INVENTORY DAYS 154 144 135 134 138 128 131 120 111 114 95 75 66 59 53 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Receivable Days FG Inventory Days RM Inventory Days Earnings Presentation 33
Slide 34: Consolidated Financial Results – Summary of 12 months
Consolidated Financial Results – Summary of 12 months Revenue from Ops Summary of EBITDA Summary of PAT YTD of FY'21 YTD of FY'20 YTD of FY'21 YTD of FY'20 YTD of FY'21 YTD of FY'20 NEL 80,297 1,44,180 12,585 34,350 6,163 21,935 eSense 1,037 2,058 (839) (55) (1,428) (684) Indiannica 3,107 5,497 (1,6
Slide 35: Outlook on Business Segments
OUTLOOK ON BUSINESS SEGMENTS Publications eSense (E-Learning) Stationery & Exports Publication Business for the ensuing The Company has started developing its Exports will continue to grow at a good year is lot dependent on the Schools re- new products to cater into the CBSE pace backed by orders. A
Slide 36: Standalone Financials (Last 5 Years)
STANDALONE FINANCIALS (LAST 5 YEARS) (INR in Lakh) Total Revenue & Growth (%) EBITDA & Margins (%) CAGR : -7.4 % CAGR : -17.7 % 18.8% 6.3% 24.7% 23.8% 1,7 0,000 16.8% 30. 0% 34,350 40, 000 26. 0% 4.2% 1,37,992 1,46,719 22.7% 22.1% 20. 0% 24. 0% 1,5 0,000 35, 000 10. 0% 1,16,145 27,444 26,391 30,703
Slide 37: Profitability & Ownership Performance
PROFITABILITY & OWNERSHIP PERFORMANCE (I in Lakh) ROCE % Price to Earnings 35.00 33.30% 32.40% 31.00% 1,40,000 36. 00% 30.00 1,20,000 28.50% 99,455 1,05,924 31. 00% 25.00 29.78 1,00,000 82,358 87,196 73,972 20.00 23.87 21.65 26. 00% 80,000 15.00 60,000 21. 00% 40,000 10.00 14.34 16. 00% 20,000 8.60
Slide 38: Shareholding Pattern and Market Cap
SHAREHOLDING PATTERN AND MARKET CAP Shareholding as at March 31, 2021 60,000 (INR in Mn) 50,000 15.96 40,000 37,953 4.65 33,352 30,000 24,947 17.06 18,333 62.33 20,000 14,179 10,000 - Promoter & Promoter Group Domestic Institutional Investors FY17 FY18 FY19 FY20 FY21 Foreign Institutional Investors
Slide 39: Contact Details
CONTACT DETAILS NAVNEET EDUCATION LIMITED Corporate Identity Number L22200MH1984PLC034055 Corporate Office & Regd. Office : Navneet Education Limited, Navneet Bhavan, Bhavani Shankar Road, Dadar-(West), Mumbai – 400028. Website: www.navneet.com E-mail Id: investors@navneet.com Investor Relations Con
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