National Fertilizers Ltd. · NSE:NFL
National Fertilizers — Q3 FY2021-22 / 9M FY2021-22 Earnings Presentation
62 slides from National Fertilizers's earnings presentation, Feb 14, 2022
Slide 1: Financial Performance for the Quarter / Nine Months Ended December 21
FINANCIAL PERFORMANCE FOR THE QUARTER / NINE MONTHS ENDED DECEMBER 21
Slide 2: Brief Overview
BRIEF OVERVIEW Introduction • Incorporated on 23rd August, 1974. • Share Capital details as on 31.12.2021. Authorized capital : Rs. 1,000.00 crore. Paid up capital : Rs. 490.58 crore. Net-worth : Rs. 2231.51 crore. Shareholding Pattern as on 31.12.2021: Government of India 74.71% Financial
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 Other Manufacturing:‐ (Industrial Products, Bentonite Sulphur Bio‐Fertilizers etc.) : S. No. Products Located in No. of Annual Capacity of each streams stream (MT) Industrial Products 1. Nitric Acid Nangal 2* 91410 2. Ammonium Nitrate Nangal 1 118800 3. Sodium
Slide 5: Plant Locations, Marketing Territory, Port handling & JV
Plant Locations, Marketing Territory, Port handling &JV 5
Slide 6: 5 Years' Growth Story
V7 NEL 5 YEARS’ GROWTH STORY
Slide 7: Sale of All Products
Sale of All Products SL .No. Particulars 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 1 Sale of Urea (LMT) 37.58 39.16 38.98 36.08 39.65 2 Bio‐Fertilizers (LMT) 0.005 0.005 0.006 0.007 0.005 3 BS (LMT) ‐ ‐ 0.07 0.08 0.20 4a Sale of Traded Goods:‐ (Fertilizers) 1. DAP (LMT) 2.14 3.28 5.04 6.85 5.09 2. MOP
Slide 8: Production of Urea
Production of Urea (LMT) Plants 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 NANGAL 5.02 5.43 5.41 5.75 5.47 PANIPAT 5.43 5.60 5.74 5.52 5.83 BATHINDA 5.68 5.63 5.84 5.63 5.77 VIJAIPUR- I 10.58 10.50 10.28 9.84 9.66 VIJAIPUR-II 11.39 10.95 11.32 10.53 11.26 TOTAL 38.10 38.10 38.59 37.27 37.99 Capacity ut
Slide 9: On-Stream Days
On-Stream Days (No. of Days) 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 Units Annual Annual Annual Annual Annual 316 334 331 349 334 NANGAL 334 342 347 335 356 PANIPAT 349 342 355 344 354 BATHINDA 349 346 343 330 328 VIJAIPUR- I 338 320 348 329 347 VIJAIPUR-II 9
Slide 10: Energy Consumption (Gcal/MT)
ENERGY CONSUMPTION (GCAL/MT) Units FY 2016‐17 FY 2017‐18 FY 2018‐19 FY 2019‐20 FY 2020‐21 Nangal 7.012 6.819 6.728 6.722 6.750 Panipat 7.112 6.762 6.700 6.956 6.877 Bathinda 6.924 6.859 6.719 6.864 6.665 Vijaipur I 5.784 5.753 5.885 5.950 5.782 Vijaipur II 5.364 5.372 5.438 5.527 5.482 10
Slide 11: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Rs. crore) SL .No. Particulars 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 1 Production (Urea) (LMT) 38.10054 38.10250 38.59 37.27 37.99 2 Capacity Utilization w.r.t. RAC (Urea %) 117.90 117.94 119.46 115.35 117.59 3 Sale of Urea (LMT) 37.58 39.16 38.98 36.08 39.65 4 S
Slide 12: Financial Performance at a Glance
FINANCIAL PERFORMANCE AT A GLANCE (Rs. crore) SL. No. Particulars 2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 20 Net Fixed Assets 4109 4144 4127 4382 4478 21 Working Capital 1424 981 1144 706 552 22 Long Term Borrowings 981 171 341 769 752 STL (without SBA) 1989 2695 4670 6119 1135 Special Banking Arran
Slide 13: Sale of All Fertilizers (Quantity) LMT
Sale of All Fertilizers (Quantity ) LMT All Fertilizers Imported Fertilizers, Compost, Bio‐ 9.27 9.10 Fertilizers & Other 60.00 6.27 Traded Goods 50.00 3.93 2.20 10.45 Quantity in LMT 40.00 3.70 11.85 Imported Urea (Govt. A/c) 30.00 20.00 37.58 39.16 38.98 36.08 39.65 10.00 Urea Manufactured 0.00 FY
Slide 14: Sale of Urea Manufactured (Quantity) LMT
Sale of Urea Manufactured (Quantity ) LMT Sale of Urea (Manufactured) 42.00 39.16 38.98 39.65 39.00 37.58 36.08 36.00 Quantity in LMT 33.00 30.00 27.00 24.00 21.00 18.00 15.00 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period 14
Slide 15: Sale of Urea (Manufactured + Traded)
Sale of Urea (Manufactured + Traded(Govt. a/c) (Quantity ) LMT Sale of Urea (Manufactured+Traded) 55.00 50.00 45.00 Sale of Urea 10.45 Quantity in LMT 40.00 3.70 11.85 (Traded) 35.00 30.00 25.00 37.58 39.16 38.98 36.08 39.65 Sale of Urea 20.00 (Manufactured) 15.00 10.00 FY 16‐17 FY 17‐18 FY 18‐19 FY
Slide 16: Sale Value of All Fertilizers
Sale value of All Fertilizers (Rs. crore) Sale Value of all Fertilizers 13000 12555.90 11976.53 Sale Values in Rs. Crore 12000 11190.72 11000 10000 9000 8733.61 8000 7410.93 7000 6000 5000 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period CAGR of 10.20 % during 5 Years. The decrease in sales v
Slide 17: EBITDA
Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) (Rs. crore) EBITDA 1200 1013.24 1000 913.62 858.65 Value in Rs. crore 800 600 555.21 535.86 400 200 0 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period 17
Slide 18: EBITDA to Gross Sale %
EBITDA TO GROSS SALE % EBITDA TO GROSS SALE % 9.00% 8.30% 7.93% 8.00% 7.26% 7.00% 6.72% 6.03% 6.00% Value in % 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period 18
Slide 19: Subsidy Accrued vs Subsidy Outstanding
Subsidy accrued V/S Subsidy outstanding (Rs. crore) Subsidy Claimed V/s subsidy outstanding after receipt of Special Banking Arrangement (SBA) 9000 8295.68 8111.36 8000 6897.42 7000 Subsidy Claimed 5934.55 Value in Rs. crore 6000 5774.97 4958.15 5110.17 5000 4000 3501.34 Subsidy 2879.93 Outstanding
Slide 20: Finance Cost
Finance cost (Rs. crore) Finance cost 450 405.48 400 350 Value in Rs. crore 316.36 291.23 300 250 189.84 189.57 200 150 100 50 1 0 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period Finance cost has decrease by Rs 114.25 crore as compared to CPLY (28.18%) due to: ‐ lower interest rates (4.46% as
Slide 21: Profit Before Tax (PBT)
Profit Before Tax (PBT) (Rs. crore) PBT 500 463.37 400 324.88 334.83 343.46 Value in Rs. crore 300 200 100 0 ‐100 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 ‐200 ‐300 ‐252.71 Period For FY 19‐20 Loss Before Tax was Rs 252.71 crore is after considering exceptional item of Rs 388.85 crore. Therefo
Slide 22: Profit After Tax (PAT)
Profit After Tax (PAT) (Rs. crore) Profit After Tax (PAT) 400 298.45 300 249.63 Value in Rs. crore 208.16 212.77 200 100 0 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 ‐100 ‐200 ‐171.01 Period 22
Slide 23: Earning Per Share (EPS)
Earning Per Share (EPS) (Rs. / Share) Earning Per Share (EPS) 8 6.08 6 5.09 4.24 4.34 Amount In Rs. 4 2 0 FY 16‐17 FY 17‐18 2018‐19 2019‐20 2020‐21 ‐2 ‐4 ‐3.49 23
Slide 24: Short Term Borrowings
Short Term Borrowings (Rs. crore) Short term borrowings including SBA* 8000 7333.37 7000 6122 Value in Rs. Crore 6000 5000 4000 3154 2890 3000 2000 1135.11 1000 0 FY 16‐17 FY 17‐18 FY 18‐19 FY 19‐20 FY 20‐21 Period *Borrowings at concessional interest rate arranged by GoI through special banking arr
Slide 25: Performance for the Quarter Ended December 2021
PERFORMANCE FOR THE QUARTER ENDED DECEMBER‐2021 [The Unaudited Quarterly Results for December 2021 approved by Board in its meeting held on 14.02.2022] 25
Slide 26: Performance Highlights for Quarter Ended 31.12.2021
PERFORMANCE HIGHLIGHTS FOR QUARTER ENDED 31.12.2021 Production of Urea of 8.91 LMT [CPLY 9.99 LMT]. Capacity utilization of 110.25 % of Reassessed Capacity (RAC). Sale of total Urea including Urea imported on Govt. A/c and RFCL Urea 11.18 LMT [CPLY 14.57 LMT]. Sale of all fertilizers of 14.82L
Slide 27: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars Qtr. CPLY Increase/(Decrease) Dec. 2021 Rs. crore % 5091.71 2938.69 2153.02 73 Total Revenue from Operation Total Expenses (excluding Depreciation & 4969.65 2728.47 2241.18 82 Finance Cost) Earnings before Interest, Tax Depreciation 122.06 210.22 (88.16) (
Slide 28: Sale of Fertilizers
Sale of Fertilizers LMT Particulars Qtr. Dec.-21 CPLY Increase/(Decrease) LMT LMT LMT % (A) Sale of Manufactured Fertilizers Urea 8.83 9.60 (0.77) (8) Bio Fertilizers and Bentonite 0.03 0.06 (0.03) (50) Sulphur Sub Total (A) 8.86 9.66 (0.80) (8) (B) Sale of Traded Fertilizers Imported Urea (Govt. A/
Slide 29: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers LMT Particulars Qtr. Dec.-21 CPLY Increase/(Decrease) LMT LMT LMT % (A) Production Urea Production 8.91 9.99 (1.08) (11) Bio Fertilizers and Bentonite Sulphur Production 0.04 0.05 (0.01) (20) Total Production (A) 8.95 10.04 (1.09) (11) (B) Purchase Imported Urea
Slide 30: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account and RFCL Urea) (LMT) Zonal Offices Oct.-Dec. Oct.-Dec. Increase/ 2021 2020 (Decrease) Chandigarh Zone 4.75 5.88 (1.13) Bhopal Zone 3.82 4.03 (0.21) Lucknow Zone 1.17 3.58 (2.41) Hyderabad Zone 1.44 1.08 0.36 TOTAL 11.18 14.57 (3.39) Lo
Slide 31: Details of Expenses for the Quarter December 2021
DETAILS OF EXPENSES FOR THE QUARTER DECEMBER‐2021 31
Slide 32: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars Qtr. Dec. 21 CPLY Increase/ Key reasons (Decrease) Production of urea (LMT) 8.91 9.99 (1.08) Due to plant shutdowns for implementation of ESS. Sale of urea (Own)(LMT) 8.83 9.60 (0.77) (Rs. Crore) (Rs. Crore) (Rs. Crore) Cost o
Slide 33: Urea Production
UREA PRODUCTION LMT Oct. – Dec. Oct. – Dec. Increase/ Unit 2021 2020 (Decrease) Nangal 1.47 1.53 (0.06) Panipat 0.95 1.54 (0.59) Bathinda 1.50 1.52 (0.02) Vijaipur I 2.57 2.41 0.16 Vijaipur II 2.42 2.99 (0.57) Total 8.91 9.99 (1.08) Production of Urea during the quarter was lower at all units except
Slide 34: On-Stream Days
On-Stream Days Oct. – Dec. Oct. – Dec. Variance with CPLY Units 2021 2020 Increase/(Decrease) NANGAL 90 92 (2) PANIPAT 58 92 (34)* BATHINDA 90 92 (2) VIJAIPUR- I 87 80 7 VIJAIPUR-II 76 92 (16)* *Reasons for decrease in stream days are as under : Panipat Unit – Due to plant shutdown taken for 34 da
Slide 35: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Actual Energy Units Energy Norms* Oct.‐Dec. 2021 CPLY Nangal 6.500 6.237 6.602 Panipat 6.500 7.588 6.768 Bathinda 6.500 6.456 6.660 Vijaipur I 5.500 6.017 5.609 Vijaipur II 5.500 6.092 5.437 * Energy norms as per NUP‐2015 has been applicable from 1st October 2020
Slide 36: Break up of Total Finance Cost for Qtr December 2021
BREAK UP OF TOTAL FINANCE COST FOR QTR DECEMBER 2021 Rs. Crore The finance cost for the Qtr ended Dec-2021 was Rs. 33.73 crore as compared to Rs. 58.51 crore during CPLY as per details below: Particulars Qtr. Dec. 21 CPLY Increase/ (Decrease) Interest on Long Term Loans 9.45 1.55 7.90 Total Interest
Slide 37: Analysis of Finance Cost on Working Capital
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR QTR DECEMBER 2021 Rs. crore Increase/ Particulars Qtr. Dec.-21 CPLY (Decrease) Interest on working capital Loans 11.89 40.60 (28.71) (excluding interest on trading activities) Interest on Trading Activities 9.59 13.95 (4.36) Other borrowing costs (CP r
Slide 38: Performance for the Nine Months Ended December 2021
PERFORMANCE FOR THE NINE MONTHS ENDED DECEMBER-2021 [The Unaudited Nine Months Results for December 2021 approved by Board in its meeting held on 14.02.2021] 38
Slide 39: Performance Highlights
PERFORMANCE HIGHLIGHTS Production of Urea of 26.10 LMT [CPLY 28.48 LMT],i.e. decrease of 2.38 LMT. Capacity utilization of 107.70% of RAC. Sale of total Urea 32.60 LMT [CPLY 37.96 LMT] including Urea imported on Govt. A/c. & RFCL Urea, i.e. decrease of 5.36 LMT. Sale of DAP/MOP/APS/NPK 12:32:1
Slide 40: Overall Performance
OVERALL PERFORMANCE (Rs. crore) Particulars Nine Months CPLY Increase/(decrease) Ended Dec. 21 Rs. crore % Total Revenue from Operations 11414.80 8944.49 2470.31 28 Total Expenses (excluding Depreciation & 11016.04 8145.55 2870.49 35 Finance Cost) Earnings before Interest, Tax Depreciation and Amort
Slide 41: Sale of Fertilizers
Sale of Fertilizers LMT Particulars Nine Months CPLY Increase/(Decrease) Ended Dec. 21 LMT % (A) Sale of Manufactured Fertilizers Urea 26.02 29.90 (3.88) (13) Bio Fertilizers and Bentonite 0.13 0.16 (0.03) (19) Sulphur Sub Total (A) 26.15 30.06 (3.91) (13) (B) Sale of Traded Fertilizers Imported Ure
Slide 42: Production & Purchase of Fertilizers
Production & Purchase of Fertilizers LMT Particulars Nine Months CPLY Increase/(Decrease) Ended Dec. 21 LMT % (A) Production Urea Production 26.10 28.48 (2.38) (8) Bio Fertilizers and Bentonite Sulphur Production 0.13 0.11 0.02 18 Total Production (A) 26.23 28.59 (2.36) (8) (B) Purchase Imported Ure
Slide 43: Zone wise Sale of Urea
Zone wise sale of urea (Including Imported Urea on Govt. Account and RFCL Urea) (LMT) Zonal Offices April-Dec. April-Dec. Increase/ 2021 2020 (Decrease) Chandigarh Zone 12.89 15.09 (2.20) Bhopal Zone 9.91 10.22 (0.31) Lucknow Zone 5.95 9.72 (3.77) Hyderabad Zone 3.85 2.93 0.92 TOTAL 32.60 37.96 (5.3
Slide 44: Details of Expenses for the Nine Months Ended December 2021
DETAILS OF EXPENSES FOR THE NINE MONTHS ENDED DECEMBER‐2021 44
Slide 45: Details of Expenses (Excluding Depreciation and Finance Cost)
Details of Expenses (Excluding Depreciation and Finance Cost) Particulars Nine Months CPLY Increase/ Key reasons Ended Dec. 21 (Decrease) Production of urea (LMT) 26.10 28.48 (2.38) Due to plant shutdown / trippings. Sale of urea (Own) (LMT) 26.02 29.90 (3.88) (Rs. Crore) (Rs. Crore) (Rs. Crore) Cos
Slide 46: Urea Production
UREA PRODUCTION LMT Increase / Units April‐Dec. 21 CPLY (Decrease) Nangal 3.88 4.31 (0.43) Panipat 3.69 4.38 (0.69) Bathinda 3.99 4.33 (0.34) Vijaipur I 7.78 7.08 0.70 Vijaipur II 6.76 8.38 (1.62) Total 26.10 28.48 (2.38) Production of urea during nine months ended Dec. 2021 as compared to CPLY is m
Slide 47: On-Stream Days
On-Stream Days Unit Apr – Dec. 21 CPLY Variance with CPLY Increase/(Decrease) Nangal 241 264 (23) Panipat 223 270 (47) Bathinda 247 267 (20) Vijaipur I 266 241 25 Vijaipur II 214 260 (46) Variance in on‐Stream days is due to shutdown taken at Bathinda/Nangal/Panipat/Vijaipur‐II units for commissioni
Slide 48: Energy Consumption
ENERGY CONSUMPTION (GCAL/MT OF UREA) Actual Energy Energy Norms for Energy Norms for Units April‐Dec. 2021‐22* 2020‐21** CPLY 2021 Nangal 6.500 6.768 6.631 6.728 Panipat 6.500 7.022 7.108 6.880 Bathinda 6.500 6.941 6.583 6.943 Vijaipur I 5.500 5.682 5.779 5.782 Vijaipur II 5.500 5.500 5.908 5.505 *
Slide 49: Break up of Total Finance Cost for Nine Months Ended December 2021
BREAK UP OF TOTAL FINANCE COST FOR NINE MONTHS ENDED DECEMBER 2021 Rs. Crore The finance cost for the nine months ended Dec-2021 was Rs. 94.87 crore as compared to Rs. 238.75 crore during CPLY as per details below: Particulars Nine Months CPLY Increase/ Ended Dec. 21 (Decrease) Interest on Long Term
Slide 50: Analysis of Finance Cost on Working Capital
ANALYSIS OF FINANCE COST ON WORKING CAPITAL FOR NINE MONTHS ENDED DECEMBER 2021 Rs. crore Nine Months Increase/ Particulars CPLY Ended Dec. 21 (Decrease) Interest on working capital Loans (141.28) 33.60 174.88 (excluding interest on trading activities) Interest on Trading Activities 29.79 48.50 (18.
Slide 51: Profit Variance Analysis for Nine Months Ended 31st December 2021
PROFIT VARIANCE ANALYSIS FOR NINE MONTHS ENDED 31st DECEMBER 2021 Company has earned profit before tax of Rs. 81.17 during the nine month ended Dec, 2021 as against profit before tax of Rs. 346.77 crore during CPLY i.e. decrease in profit by Rs. 265.60 crore. PBT has decreased mainly due to: 1. Past
Slide 52: Interest Coverage Ratio (ICR) & Debt Service Coverage Ratio (DSCR)
INTEREST COVERAGE RATIO (ICR) & DEBT SERVICE COVERAGE RATIO (DSCR) Particulars Unit Nine Months CPLY ended Dec. 21 Cash available for debt service Rs. Crore (PBT + Depreciation + Finance 274.41 676.59 cost) Finance Cost Rs. Crore 94.87 238.75 Interest Coverage Ratio Times 2.89 2.83 (ICR) Finance Cos
Slide 53: Debt to Equity Ratio
DEBT TO EQUITY RATIO S. Particulars As on As on No. 31.12.2021 31.12.2020 1 Long term Borrowings 745.05 718.12 2 Short term Borrowings 2512.95 6318.51 3 Total Borrowings 3258.00 7036.63 4 Net worth 2231.51 2171.51 5 Total Debt : Equity ratio 1.46 3.24 (3 divided by 4) 6. Long-term Debt: Equity ratio
Slide 54: Segment Results for Nine Months Ended December 2021
SEGMENT RESULTS FOR NINE MONTHS ENDED DECEMBER 2021 54
Slide 55: Segment Results
SEGMENT RESULTS Rs. crore Nine Months Nine Months Particulars Ended Ended 31.12. 2021 31.12.2020 Segment Revenue Own Fertilizers (Urea, BS and Bio-fertilizers) 7243.12 6149.55 63.45% 68.75% Fertilizer Trading 3648.04 2575.36 31.96% 28.79% Other Products & Services 523.64 219.58 4.59% 2.46% Total 114
Slide 56: Sale Breakup Segment wise
Sale Breakup Segment wise‐Urea/Traded goods/Industrial Product & Others Product & Services (Value & % Sale) Nine Months Ended 31.12.2021 Nine Months Ended 31.12.2020 Fertilizer Other Fertilizer Other Trading , ₹ Products & Trading , ₹ Products & 3,648.04, services, ₹ 2,575.36, services, ₹ 31.96% 523
Slide 57: Consolidated Accounts
CONSOLIDATED ACCOUNTS 57
Slide 58: 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 59: Consolidated Accounts
CONSOLIDATED ACCOUNTS Rs. crore STANDALONE CONSOLIDATED Particulars Nine months Nine months Nine months Nine months ended ended ended ended 31.12.2021 31.12.2020 31.12.2021 31.12.2020 Revenue from operations 11414.80 8944.49 11414.80 8944.49 Total Expenses 11265.13 8380.19 11265.13 8380.19 Profit/ (
Slide 60: New Projects and Other Activities
NEW PROJECTS AND OTHER ACTIVITIES 60
Slide 61: Projects and Other Activities Status
Projects and Other Activities status NFL has signed MoU with IFFCO for setting up Nano‐Urea Plant. Hiring of Consultant for TEFR is under progress. Seed processing plants at Bathinda and Panipat have been commissioned during the year. Seed Processing Plant at Indore is under construction and lik
Slide 62: Thank You
THANK YOU 62
National Fertilizers — Q3 FY2021-22 / 9M FY2021-22 Earnings Presentation on 6ix