NOCIL Limited · NSE:NOCIL
NOCIL — Investor Presentation (February 2018)
30 slides from NOCIL's investor presentation, February 2018
Slide 1: Investor Presentation February 2018
Investor Presentation February 2018
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by NOCIL 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 securities, and
Slide 3: Financial Highlights
Financial Highlights
Slide 4: Result Snapshot
Result Snapshot Q3 FY18 +41% +79% +83% ₹ 249 Crores ₹ 70 Crores ₹ 69 Crores 9M FY18 +25% +51% +56% ₹ 692 Crores ₹ 178 Crores ₹ 177 Crores Revenue EBITDA PBT % Growth on Y-o-Y basis 4
Slide 5: Result Snapshot (Margins)
Result Snapshot Q3 FY18 +156bps +595bps +637bps 53.9% 27.9% 27.5% 9M FY18 +158bps +431bps +502bps 53.9% 25.8% 25.5% Value Additions (%) EBITDA Margin (%) PBT Margin (%) Growth on Y-o-Y basis 5
Slide 6: CAPEX
CAPEX To capitalize on growth opportunities, Company has announced 3 Capex Phase I – Rs. 170 crores Phase II – Rs. 168 crores* Phase III – Rs. 87 crores* Announced in March’17 Announced in Dec’17 Announced in Jan’18 • For expansion of its production facilities for Rubber Chemicals • Phase I (a) - Ex
Slide 7: Consistent Performance
Consistent Performance Rs. In Crores Revenue from Operations* Operating EBITDA 715 742 178 692 158 138 FY16 FY17 9MFY18 FY16 FY17 9MFY18 PBT PAT** 177 118 151 100 118 78 FY16 FY17# 9MFY18 FY16 FY17# 9MFY18 * Revenue from operations = Gross Revenue – Excise duty # Excluding Exceptional gain of Rs.20
Slide 8: Improving Margin Trend
Improving Margin Trend Value Addition* Operating EBITDA Margin 51.6% 53.9% 25.8% 49.7% 21.3% 19.3% FY16 FY17 9MFY18 FY16 FY17 9MFY18 PBT Margin PAT Margin** 25.5% 17.0% 20.3% 13.5% 16.5% 10.9% FY16 FY17# 9MFY18 FY16 FY17# 9MFY18 * Revenue (-) cost of raw materials consumed (-) cost of traded goods (
Slide 9: Financial Highlights – 9M FY18
Financial Highlights – 9M FY18 Rs. In Crores Revenue from Operations* Operating EBITDA +25.5% +50.7% 692 178 551 118 9MFY17 9MFY18 9MFY17 9MFY18 PBT PAT** +56.2% +55.0% 177 118 113 76 9MFY17 9MFY18 9MFY17 9MFY18 * Revenue from operations is net of GST/Excise duty ** Excludes Other Comprehensive Inco
Slide 10: Margin Profile – 9M FY18
Margin Profile – 9M FY18 Value Addition* Operating EBITDA Margin +158bps +431bps 52.4% 53.9% 25.8% 21.5% 9MFY17 9MFY18 9MFY17 9MFY18 PBT Margin PAT Margin** +502bps +324bps 25.5% 17.0% 20.5% 13.8% 9MFY17 9MFY18 9MFY17 9MFY18 * Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) c
Slide 11: Financial Highlights – Q3 FY18
Financial Highlights – Q3 FY18 Rs. In Crores Revenue from Operations* Operating EBITDA +40.6% +78.7% 249 70 177 39 Q3FY17 Q3FY18 Q3FY17 Q3FY18 PBT PAT +83.0% +80.7% 69 45 37 25 Q3FY17 Q3FY18 Q3FY17 Q3FY18 * Revenue from operations is net of GST/Excise duty Financials are as per Ind AS 11
Slide 12: Margin Profile – Q3 FY18
Margin Profile – Q3 FY18 Value Addition* Operating EBITDA Margin +156bps +595bps 52.4% 53.9% 27.9% 22.0% Q3FY17 Q3FY18 Q3FY17 Q3FY18 PBT Margin PAT Margin +637bps +401bps 27.5% 18.0% 21.1% 14.0% Q3FY17 Q3FY18 Q3FY17 Q3FY18 * Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) cha
Slide 13: Company Overview
Wh ARVIND MAFATLAL GRouP NOcIL LIMITED Company Overview
Slide 14: NOCIL in a Snapshot
NOCIL in a Snapshot Part of Arvind Mafatlal Group Largest Rubber Chemicals Manufacturer in India Expertise in Rubber Chemical Business over 4 decades State of the Art, Innovative, Sustainable & Competitive Technologies Wide range of Rubber Chemicals to suit customer needs Long Term Business Relation
Slide 15: Management Team
Management Team Mr. Hrishikesh . A. Mafatlal – Promoter & Chairman Mr. S. R. Deo – Managing Director • Executive Chairman and Promoter Director of NOCIL Ltd • M. Tech. in Chemical Engineering from IIT Kanpur • Associated with the company for nearly 38 years in various • B.Com. (Hons.) & has attended
Slide 16: Manufacturing facilities
Manufacturing facilities Navi Mumbai Plant Dahej Plant Set up in 1976 Commercialized operation in March 2013 Located in Trans-Thane Creek industrial area at Navi Located about 45 kms from Bharuch, Gujarat Mumbai, Thane - Belapur’s industrial zone designated for the chemical Industry, about 40 kms aw
Slide 17: Products & their Usage
Products & their Usage ACCELERATORS Increase the speed of vulcanization to improve productivity ANTI-DEGRADANTS/ ANTI-OXIDANTS An ingredient in rubber compounds which deters the ageing or inhibits degradation due to oxygen attack of rubber products thereby enhancing service life PRE VULCANIZATION IN
Slide 18: Our Value Proposition
Our Value Proposition Products & Product Forms R & D and Quality Assurance ▪ Experienced, capable & innovative ▪ Wide Range of Rubber Chemical Products team ▪ Varied Product Forms of R & D scientists. ▪ Ultra Modern Laboratories & Pilot 1 Plant Facilities ▪ Latest Analytical Instruments 3 2 Sales, M
Slide 19: R&D and Total Quality Management
R&D and Total Quality Management Research & Technology Quality Assurance Certifications Development ▪ NOCIL’s Research Centre is ▪ Quality Management ▪ ISO 9001:2008 recognized by Ministry of Science System with a focus on and Technology, Government of Quality of Raw materials, ▪ ISO 14001:2004 Indi
Slide 20: Industry Potential
Industry Potential Our Positioning
Slide 21: Positive Outlook: Global Rubber Consumption
Positive Outlook Global Rubber Consumption (Natural + Synthetic) Million MT +3% 28 28 26 27 25 26 2012 2013 2014 2015 2016 2017 Rubber Chemicals constitute ~3% - ~4% of the Rubber Consumption Source : Rubber Statistical Bulletin, Oct - Dec 2017 edition 21
Slide 22: Growth Drivers
Growth Drivers 01 High performance tyres & extended life, Automotive & Industrial products will increase rubber processing chemical loadings Increased environmental compliance in China 02 Rising Income levels & increase in Motor vehicle ownership rates, 03 especially in developing nations would need
Slide 23: Future Ready
Wh ARVIND MAFATLAL GRouP NOCIL LIMITE D FUTURE Ready
Slide 24: Dahej Plant – A Game Changer
Dahej Plant – A Game Changer ✓ Strong R&D Capabilities ✓ It is a zero wastage plant, resulting in significant cost reduction • Process R&D : Significant reduction in cost ✓ Strong position in High-value added products of production ✓ Operating Leverage playing out • Product R&D : Strong pipeline of
Slide 25: Key Strengths
Key Strengths Dependable & Quality Wide Experienced Player in Product Management Rubber Range Team Chemicals Industry New Committed capacity plans for addition in Strong future Rubber Customer growth Chemicals Relationships with good Technical Support 25
Slide 26: Financials
Wh ARVIND MaFATLAL GRour NOCIL LIMITED Financials
Slide 27: Statement of Profit & Loss - Quarterly
Statement of Profit & Loss - Quarterly Particulars (Rs. In Crores) Q3 FY18 Q3 FY17 Y-o-Y Revenue from Operations* 249 177 41% Cost of Material Consumed 109 73 Purchase of Stock-in-trade 1 1 Changes in Inventories 5 10 Value Addition** 134 93 Value Addition (%) 53.9% 52.4% Employee Expenses 16 15 Oth
Slide 28: Statement of Profit & Loss – Nine Months
Statement of Profit & Loss – Nine Months Particulars (Rs. In Crores) 9M FY18 9M FY17 Y-o-Y Revenue from Operations* 692 551 25% Cost of Material Consumed 324 243 Purchase of Stock-in-trade 2 3 Changes in Inventories -8 17 Value Addition** 373 289 Value Addition (%) 53.9% 52.4% Employee Expenses 50 4
Slide 29: Consistent Dividend Record
Consistent Dividend Record 35.5 23.2 19.4 11.3 11.3 11.2 11.2 11.3 11.3 2009 2010 2011 2012 2013 2014 2015 2016 2017 Dividend(Rs. Crs) *Dividend includes Dividend Tax paid 29
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : NOCIL Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L99999MH1961PLC012003 CIN: U74140MH2010PTC204285 Mr. P. Srinivasan - CFO Ms. Payal Dave / Ms. Neha Shroff finance@nocil.com payal.dave@sgapl.net / neha.shroff@sgapl.ne