National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q1 FY2021 Earnings Presentation
37 slides from National Fertilizers's earnings presentation, June 2020
Slide 1: Financial Performance for the Quarter Ended June 2020
FINANCIAL PERFORMANCE FOR THE QUARTER ENDED JUNE 2020
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 30.06.2020. Authorized capital : Rs. 1,000.00 crore. Paid up capital : Rs. 490.58 crore. Net-worth : Rs. 2,030.47 crore. Shareholding Pattern as on 30.06.2020: Government of India 74.71% Financia
Slide 3: Brief on Urea Manufacturing Activities
BRIEF ON UREA MANUFACTURING ACTIVITIES UREA Vijaipur‐I Vijaipur‐II Bathinda Panipat Nangal ANNUAL CAPACITY (Lakhs Metric Ton) – 8.646 8.646 5.115 5.115 4.785 32.31 LMT (Revised Assessed Capacity) Annual Capacity after Urea Capacity 9.999 10.662 5.115 5.115 4.785 Enhancement Projects at Vijaipur‐I &
Slide 4: Brief on Other Manufacturing Activities
BRIEF ON OTHER MANUFACTURING ACTIVITIES Cont… Other Manufacturing:‐ (Industrial Products, Bio‐Fertilizers , Technical Surplus Ammonia) etc. : S. No. Products Located in No. of Annual Capacity of each streams stream (MT) Industrial Products 1. Nitric acid Nangal 2* 69436 2. Ammonium Nitrate Nangal 2*
Slide 5: Brief on Trading Activities (Sale Based)
BRIEF ON TRADING ACTIVITIES (Sale Based) Cont… Traded Goods : S. Products 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 No. Imported Fertilizers LMT LMT LMT LMT LMT 9. DAP (LMT) 0.51 2.14 3.28 5.04 6.85 10. MOP (LMT) ‐ ‐ 0.27 ‐ 0.74 11. APS (LMT) ‐ ‐ 0.26 0.26 0.39 12. NPK 12:32:16 (LMT) ‐ ‐ ‐ 0.68 0.50 1
Slide 6: Production of Urea (Qty. in LMT)
Production of Urea (Qty. in LMT) Production of Urea Plants 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 NANGAL 5.47 5.02 5.43 5.41 5.75 PANIPAT 5.67 5.43 5.60 5.74 5.52 BATHINDA 5.48 5.68 5.63 5.84 5.63 VIJAIPUR- I 9.92 10.58 10.50 10.28 9.84 VIJAIPUR-II 11.44 11.39 10.95 11.32 10.53 TOTAL 37.99 38.10 38
Slide 7: Financial Performance at a Glance (Preceding Years)
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 5 Years) (Rs. crore) SL .No. Particulars 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 1 Production (Urea) (LMT) 37.99 38.10054 38.10250 38.59 37.27 2 Capacity Utilization w.r.t. RAC (Urea %) 117.60 117.90 117.94 119.46 115.35 3 Sale of Urea (LMT) 36.41 37.58 3
Slide 8: Financial Performance at a Glance (Preceding Years)
FINANCIAL PERFORMANCE AT A GLANCE (Preceding 5 Years) (Rs. crore) Particulars 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 SL. No. 20 Net Fixed Assets 4291 4109 4144 4127 4382 21 Working Capital 1487 1424 981 1144 532 22 Long Term Borrowings 1828 981 171 341 769 STL (without SBA) 4296 1989 2695 4670 6119
Slide 9: Sales (Preceding Years)
SALES (Preceding 5 Years) SL .No. Particulars 2015‐16 2016‐17 2017‐18 2018‐19 2019‐20 1 Sale of Urea (LMT) 36.41 37.58 39.16 38.98 36.08 2 Bio‐Fertilizers (LMT) 0.005 0.005 0.005 0.006 0.007 3 BS (LMT) ‐ ‐ ‐ 0.07 0.08 4a Sale of Traded Goods:‐ (Fertilizers) 1. DAP (LMT) 0.51 2.14 3.28 5.04 6.85 2. M
Slide 10: Performance for the Quarter June-2020
PERFORMANCE FOR THE QUARTER JUNE‐2020 [The Unaudited Quarterly Results for June 2020 approved by Board in its meeting held on 15.09.2020] 10
Slide 11: Performance Highlights for Quarter Ended 30.06.2020
PERFORMANCE HIGHLIGHTS FOR QUARTER ENDED 30.06.2020 Production of Urea of 9.38 LMT [CPLY 7.91 LMT],i.e. increase of 1.47 LMT. Capacity utilization of 116.11% of RAC. Sale of total Urea 10.87 LMT [CPLY 8.79 LMT] including Urea imported on Govt. A/c. i.e. increase of 2.08 LMT. Sale of DAP/MOP/AP
Slide 12: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars Qtr. CPLY Increase/(decrease) June 2020 Rs. crore % Total Revenue from Operation 2831.85 2595.58 236.27 9 Total Expenses (excluding Depreciation & 2508.09 2529.86 (21.77) (1) Finance Cost) Earnings before Interest, Tax Depreciation 323.76 65.72 258.04 393
Slide 13: Revenue From Operation Growth
Revenue From Operation Growth Rs. 2831.85 crore (Qtr. June 2020) (9%) Rs. 2595.58 crore (CPLY) 13
Slide 14: Sale of Fertilizers
Sale of Fertilizers LMT Particulars Qr. June-20 CPLY Increase/(decrease) LMT LMT LMT % Sale of Manufactured Fertilizers Urea 10.02 7.60 2.42 32 Bio Fertilizers and Bentonite 0.03 -* 0.03 - Sulphur Total 10.05 7.60 2.45 32 Sale of Traded Fertilizers Imported Urea (Govt. A/c) 0.85 1.19 (0.34) (29) Imp
Slide 15: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers LMT Particulars Qr. June-20 CPLY Increase/(decrease) LMT LMT LMT % Production Urea Production 9.38 7.91 1.47 19 Bio Fertilizers and Bentonite 0.02 0.02 - - Sulphur Production Total Production (A) 9.40 7.93 1.47 19 Purchase Imported Urea (Govt. A/c) 1.47 2.39 (0.9
Slide 16: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account) (Lakh MT) Zonal Offices April-June April-June Increase/ 2020 2019 (Decrease) Chandigarh Zone 4.40 3.97 0.43 Bhopal Zone 2.95 2.32 0.63 Lucknow Zone 2.74 2.20 0.54 Hyderabad Zone 0.78 0.30 0.48 TOTAL 10.87 8.79 2.08 Sale of Urea at a
Slide 17: Sale of DAP/MOP/APS/NPK/Compost/WSF/SSP
Sale of DAP/MOP/APS/NPK12:32:16/NPK10:26:26/COMPOST/WSF/SSP (Lakh MT) Apr – Jun Apr – Jun Increase/ Particulars 2020 2019 % (Decrease) DAP 1.08 1.34 (0.26) (19) MOP 0.28 0.01 0.27 2700 APS 0.26 - 0.26 - NPK 12:32:16 0.14 0.06 0.08 133 NPK 10:26:26 0.11 0.03 0.08 267 Compost 0.04 0.03 0.01 33 Water S
Slide 18: Details of Expenses for the Quarter June-2020
DETAILS OF EXPENSES FOR THE QUARTER JUNE‐2020 18
Slide 19: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars Qr. June CPLY Increase/ Key reasons 20 (Decrease) Production of urea 9.38 7.91 1.47 Production of Urea increased by 1.47 LMT. (LMT) Sale of urea (Own) Sale of Urea increased by 2.42 LMT. 10.02 7.60 2.42 (LMT) (Rs. Crore) (Rs.
Slide 20: Urea Production
UREA PRODUCTION Lakh MT Unit Apr – Jun 2020 Apr – Jun 2019 Nangal 1.43 1.46 (Decrease of 0.03 LMT) Panipat 1.46 1.24 (Increase of 0.22 LMT) Bathinda 1.32 1.13 (Increase of 0.19 LMT) Vijaipur I 2.66 1.94 (Increase of 0.72 LMT) Vijaipur II 2.51 2.14 (Increase of 0.37 LMT) Total 9.38 7.91 Production
Slide 21: Production of Urea in the 1st Quarter in Preceding Years
Production of Urea in the 1st Quarter in Preceding 5 Years (Qty. in LMT) Production of Urea for the 1st Quarter (Apr to June) 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 Units Q1 Q1 Q1 Q1 Q1 NANGAL 1.06 1.38 1.03 1.46 1.43 PANIPAT 1.20 1.44 1.45 1.24 1.46 BATHINDA 1.42 1.23 1.46 1.13 1.32 VIJAIPUR- I 2.
Slide 22: On-Stream Days (1st Quarter in Preceding Years)
On-Stream Days (for the 1st Quarter in Preceding 5 Years) (No. of Days) Stream Days for the 1st Quarter (Apr to June) 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 Units Q1 Q1 Q1 Q1 Q1 NANGAL 67 84 67 88 88 PANIPAT 76 88 91 76 91 BATHINDA 89 76 89 71 83 VIJAIPUR- I 87 79 78 66 91 VIJAIPUR-II 74 90 86 67 8
Slide 23: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Revised Energy Norms Revised Energy Norms Actual Actual Units for Apr – Jun 20 for Apr – Jun 19 Apr – Jun 20 Apr – Jun 19 (with 10% Penalty) (with 5% Penalty) Nangal 7.035 7.065 6.740 6.742 Panipat 7.503 7.558 6.810 7.083 Bathinda 7.381 7.430 7.058 6.952 Vijaipur
Slide 24: Profit Variance Analysis for Qtr Ended 30th June 2020
PROFIT VARIANCE ANALYSIS FOR QTR ENDED 30th JUNE 2020 Company has earned profit before tax of Rs 151.50 crore during the quarter ended June‐20 as against loss before tax of Rs 96.76 crore during CPLY i.e. increase in profit by Rs 248.26 crore. PBT has increased mainly due to: 1. One time reimburseme
Slide 25: Break Up of Total Finance Cost for Qtr. June 2020
BREAK UP OF TOTAL FINANCE COST FOR Qtr. JUNE 2020 Rs. Crore The finance cost for the Qtr ended June-2020 was Rs.101.28 crore as compared to Rs. 105.47 crore during CPLY as per details below: Particulars Qr. June 20 CPLY Increase/ (Decrease) Interest on Long Term Loans 2.73 1.62 1.11 Total Interest o
Slide 26: Analysis of Finance Cost on Working Capital for Qtr. June 20
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR Qtr. JUNE 2020 Rs. crore Increase/ Particulars Qr. June-20 CPLY (Decrease) Interest on working capital Loans (excluding interest on trading activities) 86.26 88.06 (1.80) Interest on Trading Activities 9.08 13.57 (4.49) Other borrowing costs (CP relate
Slide 27: Segment Results for Qtr June 20
SEGMENT RESULTS FOR Qtr June 20 27
Slide 28: Segment Results
SEGMENT RESULTS Rs. crore Particulars Apr – Jun 20 Apr – Jun 19 Segment Revenue Own Fertilizers (Urea, BS and Bio-fertilizers) 2194.34 1901.92 77.49% 73.28% Fertilizer Trading 605.51 643.73 21.38% 24.80% Other Products 32.00 49.93 1.13% 1.92% Total 2831.85 2595.58 Segment Results Own Fertilizers (Ur
Slide 29: Sale Breakup Segment wise
Sale Breakup Segment wise‐Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) Qtr‐June‐2020 Qtr‐June‐2019 Other Other Products & Products & Fertilizer services, ₹ services, ₹ Fertilizer Trading , ₹ 49.93, 32.00, Trading , ₹ 605.51, 1.92% 1.13% 643.73, 21.38% 24.80% Own
Slide 30: Consolidated Accounts
CONSOLIDATED ACCOUNTS 30
Slide 31: Consolidated Accounts
CONSOLIDATED ACCOUNTS The Consolidated Financial Statements are prepared in accordance with the principles and procedures for the preparation and presentation of consolidated accounts as set out in the accounting standards (Ind AS 28) as prescribed under Section 133 of the Companies Act, 2013. The
Slide 32: Consolidated Accounts
CONSOLIDATED ACCOUNTS Rs. crore STANDALONE CONSOLIDATED Particulars Qtr June 20 Qtr June 19 Qtr June 20 Qtr June 19 Revenue from operations 2831.85 2595.58 2831.85 2595.58 Total Expenses 2585.12 2601.11 2585.12 2601.11 Profit/ (Loss) from operations before 246.73 (5.53) 246.73 (5.53) other income, f
Slide 33: Consolidated Accounts
CONSOLIDATED ACCOUNTS Rs. crore The Assets and Liabilities as at 30th June, 2020 are as under:‐ STANDALONE CONSOLIDATED Particulars As on As on As on As on 30.06.2020 30.06.2019 30.06.2020 30.06.2019 ASSETS Non‐current assets 4837.30 4570.66 4816.68 4561.96 Current assets 9383.67 9427.12 9383.67 942
Slide 34: New Projects and Other Activities
NEW PROJECTS AND OTHER ACTIVITIES 34
Slide 35: Projects and Other Activities Status
Project s and Other Activities status Company has contributed Rs. 447.63 crore upto 30.06.2020 towards equity in its JV Company (RFCL). Company has entered into a manpower management consultancy agreement during November‐2017 with RFCL where in the company shall provide manpower management consu
Slide 36: Overview of Ramagundam Project
Overview of Ramagundam Project (Being executed by RFCL) Joint Venture of NFL, Engineers India Limited (EIL) & Fertilizers Corporation of India Limited (FCIL) is undertaking the revival of Ramagundam unit of FCIL through RFCL Plant Capacity Ammonia Plant : 2200 MTPD (0.726 MMTPA) Urea Plant : 3850
Slide 37: Thank You
THANK YOU 37
National Fertilizers — Q1 FY2021 Earnings Presentation on 6ix