Navkar Corporation Ltd · NSE:NAVKARCORP
Navkar — Investor Presentation (August 2019)
30 slides from Navkar's investor presentation, Aug 8, 2019
Slide 1: Stock exchange cover letter under Regulation 30
Ref: NCUCS/2019-20119 v1f Mls ibvkar Wiln Ltd Cantanet Frrrgltl Statoti.td H.r/ Ierrlrrals Date: August 08, 2019 To, To, The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of lndia Limited, Phiroze Jeejeebhoy Towers, Plot No. C-1, G - Block, Dalal Stre
Slide 2: Navkar Corporation Limited Investor Presentation – August 2019
Navkar Corporation Limited Investor Presentation – August 2019 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navkar Corporation 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 se
Slide 4: Financial Highlights
Financial Highlights Revenue EBITDA PAT (In Rs. Crs.) +22% 137 130 +5% +54% 123 42 112 38 38 +10% +245% 11 10 +12% 9 27 3 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Growth momentum in business continues…. 3
Slide 5: Volumes: Stable in CFS, Increase in ICD
Volumes : STABLE in CFS + INCREASE in ICD Tumb (Nos. of TEUs in ‘000) Mumbai Vapi Total +67% +18% 83 +7% 29 107 80 78 100 +7% 76 +3% 96 72 74 73 73 +21% 93 71 7 92 90 24 88 23 86 39 22 83 37 36 32 40 33 7 34 34 6 43 44 38 34 38 42 17 38 41 48 9 39 14 10 11 7 21 52 31 46 31 9 15 45 46 4 17 42 30 26 4
Slide 6: PFT Movement: Led by Vapi
PFT Movement: Led by Vapi (Nos. of Trains) Mumbai Vapi Total +158% 139 141 263 388 130 -5% -10% 356 -8% 127 125 238 124 118 -6% 321 110 211 297 104 193 139 141 130 138 127 14 0 0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY18 FY18 FY18 FY18 FY19 FY19 FY19 F
Slide 7: Change in the Volume Mix
Change in the Volume Mix FY19 - % TEU’s handled Q1FY20 - % TEU’s handled Vapi 23% Vapi 28% 72% 77% Mumbai Mumbai 6
Slide 8: P&L Statement – Q1FY20
P&L Statement – Q1FY20 Particulars ( Rs. Crs ) Q1 FY20 Q1 FY19 Y-o-Y Q4FY19 Q-o-Q Revenue from Operations 136.5 117.0 130.1 Other Operating Income 0 0 0 Revenue from Operations (Net) 136.5 117.0 17% 130.1 5% Operating Expenses 70.2 47.8 70.1 Employee Expenses 9.2 9.7 7.1 Other Expenses 15.2 10.0 14.
Slide 9: Business Overview
Business Overview We are the Interchange • Cargo transit from one mode to another through service offerings across Container Freight Stations, PFT, Inland Container Depots, Multimodal Logistics Parks We are integrated for Exim & Domestic Movement • Privilege of a great location that cater to the gat
Slide 10: Key Milestones
Key Milestones Obtained approvals •QIP for handling, Approval for opening •Approval for Rail receiving, storing and Start of operations at Establishment of the private siding at Private Freight dispatching hazardous Ajivali Somathane station Terminal (PFT) CFS at Somathane cargo for import and (PFT)
Slide 11: Experienced Board Of Directors
Experienced Board Of Directors Shantilal Jayavantraj Mehta Nemichand Jayavantraj Mehta Chairman & Managing Director Whole-time Director Captain Dinesh Gautama Pooja Hemant Goyal CEO & Whole-time Director Non-Executive Independent Director Ashok Kumar Thakur Sandeep Kumar Singh Non-Executive Independ
Slide 12: Management Team
Management Team Mr. Shantilal J Mehta Mr. Nemichand J Mehta Chairman Whole-time Director Captain Dinesh Gautama Mr. Anish Maheshwari CEO Chief Financial Officer 11
Slide 13: Bigger, Better, Faster…. Navkar
Bigger, Better, Faster…. Navkar Total Area covered ICD Capacity (in sq.ft.) 7.71 mn (TEUs pa) 474,000 % of traffic handled by PFT (2018) ~22% FY19 ~37.5% Reefer Plug Points 190 Capacity Utilization Facilities 4 CFS Capacity (TEUs pa) 535,500 Workforce Strength 783 Close & Open Bonded Warehouse 65,79
Slide 14: Equipment Bank
Equipment Bank Trailers: 843 Kalmar: 23 Forklift: 55 JCB: 3 Hydra: 5 Tractor: 3 Tanker: 2 Hywa: 3 Fire: 1 Total Equipment Bank of 850+ Vehicles 13
Slide 15: Single Interface for our Clients
Single Interface for our Clients Consolidation Project Cargoes ▪ Well equipped to manage all over dimensional Earmarked 1,18,000 sq. ft. area for cargoes and out of gauge cargoes consolidation of LCL containers ▪ Constant cargo monitoring capabilities through surveillance systems to manage hazardous
Slide 16: Facilities Strategically Located
Facilities Strategically Located Tumb ICD: Capacity: 474,000 TEU’s Ajivali I CFS: Capacity: 25,000 Somathane CFS: TEU’s India's major consumption centers and Capacity: 445,500 industrial belt of northwest India Ajivali II CFS: Capacity: 65,000 TEU’s TEU’s ✓ Centre of India along with Rail PFT’s 15 M
Slide 17: CFS with Private Freight Terminal
CFS with Private Freight Terminal Particulars Somathane Ajivali CFS I Ajivali CFS II Operational Since May 11, 2009 May 12, 2008 May 18, 2006 Land Area 61 Acres 24 Acres 10 Acres Total Capacity Area Custom Notified 1,073, 224.25 sq. ft. 135,156 sq. ft. 428,400 sq. ft. 535,500 Installed Capacity per
Slide 18: Vapi ICD & Private Freight Terminal
Vapi ICD & Private Freight Terminal Particulars Vapi ICD Private Freight Terminal Operational Since Apr 14, 2016 ▪ Somathane PFT operational since 2012 Land Area 90 acres Area Custom Notified 575,283.40 sq. ft. ▪ Vapi PFT operational since 2018 Help increase Installed Capacity per run-rate of CFS 47
Slide 19: ICD Tumb – Game Changer
ICD Tumb – Game Changer Clearance is close to your 20 major shipping Lines 01 factories 02 already using Tumb Reduced lead time for 03 exports/imports 04 LCLs and FCLs Consolidate and hub your Ability to handle ODCs 05 exports or imports 06 and OOGs Nhava Port or Hazira Port? Flexibility and Ability
Slide 20: Strategic Location-Access to Hinterlands of Western Belt
Strategic Location-Access to Hinterlands of Western Belt ✓ Strategically positioned between Hazira Port (166 KMs) and Nhava Sheva Port (186 KMs) & its 236 KMs from Dahej Port ✓ NTL ICD TUMB serves both the ports with equal efficiency and effectiveness ✓ Surrounded with thousands of industrial units
Slide 21: Logistics Solution - Importers
Logistics Solution - Importers Previous Model Road Nhava Sheva Port Nhava Sheva CFS Factory of Importer Empty Depot Nhava Sheva ICD Present Model – Option I (By Road) Road Nhava Sheva Port ICD Tumb Factory of Importer Empty Depot ICD Present Model – Option II (By Rail) Rail Road Road Nhava Sheva Por
Slide 22: Logistics Solution - Exporters
Logistics Solution - Exporters Previous Model Road Factory at Empty Pick Up Nhava South Gujrat Sheva Road Custom Clearance & LEO at Nhava Sheva Present Model – Option I (By Road) Factory at Road Empty Pick Up Road South Gujrat ICD Tumb Gate in At the terminal Custom Clearance & Road Road LEO at ICD
Slide 23: Changing Business Dynamics
Changing Business Dynamics Organised Logistics Sector • Industry in Consolidation mode Introduction of Direct Port Delivery (DPD) • Significant Impact of the CFS Business • Volumes Drop Operationalization of ICD Tumb - Vapi • Vapi Operationalized in FY17 • Increased Volume Pickup Strengthened Balanc
Slide 24: Introduction of Direct Port Delivery: Battle for Boxes
Introduction of Direct Port Delivery : Battle for Boxes ▪ Delivery of the containers directly from the port ▪ Non-cleared & damaged containers are by default terminals moved to a JNPT-owned CFS ✓ Since April 2018, customs have allowed all CFS to ▪ Containers hauled to factories without taking to the
Slide 25: Strong Cash generation in business continues
Strong Cash generation in business continues Cash PAT ( Rs. Crores) Improved Debt to Equity Ratio to 0.2x 131.0 0.5 120.0 115.0 101.0 85.0 0.3 0.3 0.2 0.2 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 24 Note: Consolidated Financials Cash PAT = PAT + Dep + Interest on Pro. Loans
Slide 26: P&L Statement – FY19
P&L Statement – FY19 Particulars ( Rs. Crs ) FY19 FY18 Y-o-Y Revenue from Operations 482.6 428.2 Other Operating Income 0 0 Revenue from Operations (Net) 482.6 428.2 13% Operating Expenses 234.9 181 Employee Expenses 36.6 35.1 Other Expenses 58.4 45.6 EBITDA 152.6 166.5 -8% EBITDA Margin 31.60% 38.9
Slide 27: Balance Sheet
Balance Sheet Particulars (Rs. Crs.) Mar-19 Mar-18 Particulars (Rs. Crs.) Mar-19 Mar-18 Assets Equity & Liabilities Non-current assets 2,154.5 2,009.4 Equity 1754.2 1,701.3 Property, Plant and Equipment 1,907.0 1,869.9 Capital Work In-Progress 13.0 Equity Share capital 150.5 150.5 121.5 Intangible A
Slide 28: Awards & Achievements
Awards & Achievements 2013 2014 Awarded Certificate of Merit by the Winner of Container Freight World Customs Organization, in 2013 Station Operator of the Year Award 2014 at the 5th All India 2013 2014 Maritime and Logistics Awards 2015 2016 2015 Winner of ICC Supply Chain Container Freight Station
Slide 29: Key Takeaways
Key Takeaways Strategic Location Modern Infrastructure ▪ Total Area: 7.71 mn sq. ft., of Experienced ▪ CFS’ strategically located which 2.21 mn sq. ft. is notified Management Team close to NHs and customs area connected to JNPT ▪ Team of skilled & qualified ▪ CFSs installed capacity : through PFT, p
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Navkar Corporation Limited Strategic Growth Advisors Pvt. Ltd. CIN: L63000MH2008PLC187146 CIN: U74140MH2010PTC204285 Mr. Anish Maheshwari Mr. Jigar Kavaiya / Mr. Pratik Tirodkar Chief Financial Officer +91-7738359389 /