Navin Fluorine International Limited · NSE:NAVINFLUOR
Navin Fluorine International — Investor Presentation (August 2016)
28 slides from Navin Fluorine International's investor presentation, August 2016
Slide 1: Navin Fluorine International Limited Investor Presentation
Navin Fluorine International Limited Investor Presentation August 2016
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Navin Fluorine International Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 3: Overview
Overview Built “India’s only plant with high pressure fluorination capabilities with Largest Integrated Specialty cGMP compliance” for CRAMS Business Fluorochemical Company in India Manufacturing plants Over 45 years of expertise strategically located in Handling Fluorine closer to major ports Stron
Slide 4: Fluorine Chemistry – A Growing Landscape
Fluorine Chemistry – A Growing Landscape Global demand for Fluoro-chemicals in 2018 to reach 4.0 Millon MT , with CAGR of 4% per annum Pharmaceuticals Agriculture Electronics Steel Solar / Energy Aluminum White Goods Automotive Glass 4
Slide 5: Evolution of NFIL
Evolution of NFIL 2015… …2013 Focus on CRAMS & Specialty Chemical Segment to drive growth CRAMS expansion at Dewas Commenced CRAMS business in 2011 JV with Piramal Enterprises at Dahej Acquisition of 51% equity stake in Manchester Acquired balance 49% stake in MOL Organics Ltd. (MOL) in
Slide 6: Professional Management
Professional Management Mr. H.A. Mafatlal – Chairman Professional Team …. Mr. Shekhar Khanolkar : Managing Director Chemical Engineer with Masters in Management studies and an alumni of Harvard Business School Spent more than 21 years in the Chemical industry with both Indian & Multinational Chemica
Slide 7: Business Units (BU) - Standalone
Business Units (BU) - Standalone FY11 – Revenue % FY16 – Revenue % Commenced CRAMS business in 2011 CRAMS – 0% CRAMS – 14% Commenced Specialty Chemicals in Specialty Specialty 2000 Chemicals – 27% Chemicals – 38% Inorganic Fluorides & Refrigerants are Refrigerants (incl. Refrigerants – traditional b
Slide 8: Refrigerants, Inorganic Fluorides: Sustainable and Stable BUs
Refrigerants Inorganic Fluorides Sustainable and Stable BUs 8
Slide 9: Refrigerants: Growing Demand for Non-Emissive applications
Refrigerants : Growing Demand for Non-Emissive applications Product User Distribution Export Offering Base Network Outreach Pioneered Used in Residential Air Strong Distribution Exports to South-East manufacturing of Conditioning Network of over 120 Asia, Middle East, Saudi refrigerant gases
Slide 10: Inorganic Fluorides: Growth from Exports
Inorganic Fluorides : Growth from Exports Product User Distribution Export Offering Base Network Outreach Portfolio includes 8-10 Oil & Gas Industry Developed Strong Growing exports products network in India Stainless Steel From near Zero to ~10% One of the largest Presence in all ma
Slide 11: Business Units Performance – Refrigerants, Inorganic Fluorides
Business Units Performance Refrigerants Inorganic Fluorides Revenue (Rs.Crs) 215 113 105 195 194 98 99 176 94 154 66 26 FY12 FY13 FY14 FY15 FY16 Q1 FY17 FY12 FY13 FY14 FY15 FY16 Q1 FY17 Exports Exports 5% Geographic Mix – Q1 FY17 21% Domestic 95% Domestic 79% 11 * Standalone Results
Slide 12: Specialty Chemicals, CRAMS: Driving up the Fluorine Value chain
Specialty Chemicals CRAMS Driving up the “Fluorine Value chain” 12
Slide 13: Specialty Chemicals: Growing product basket
Specialty Chemicals : Growing product basket Product Strong Portfolio of value added Specialty Fluoro intermediates Offering Introduction of novel molecules to expand portfolio Used by Pharma, Agchem, Petrochem industries User Focus on deeper penetrating into existing users and Base particip
Slide 14: CRAMS: Scalable Growth through Innovation
CRAMS : Scalable Growth through INNOVATION Strong R&D Leveraging our proven skills in Fluorination Chemistry State of the art R&D led by qualified and experienced Developing Contract chemistry teams of PhDs & Post Manufacturing Base Doctorals cGMP Pilot Plant with Kilo Set up manufacturing f
Slide 15: Manchester Organics - In Perfect Synergy with CRAMS
Manchester Organics - In Perfect Synergy with CRAMS Offer over 60 years of combined Established in 1996, Manchester Organic chemistry experience to customers Ltd (MOL) has a strong legacy in fluorination and high pressure chemistry Milligram to multi-kilo research/production Specialist in fl
Slide 16: Business Units Performance – Specialty Chemicals, CRAMS
Business Units Performance Specialty Chemicals CRAMS** Revenue (Rs.Crs) 239 87 215 178 159 156 26 31 53 14 19 FY12 FY13 FY14 FY15 FY16 Q1 FY17 FY13 FY14 FY15 FY16 Q1 FY17 Domestic 0% Exports Geographic Mix – Q1 FY17 38% Exports 100% Domestic 62% 16 ** CRAMS business generating revenue since FY13 * S
Slide 17: CRAMS Business Gains Momentum
CRAMS Business Gains Momentum Rs. 131 Crs Rs. 80 Crs Rs. 68 Crs Rs. 40 Crs FY13 FY14 FY15 FY16 * CRAMS Consolidated 17
Slide 18: JV with Piramal Enterprises
JV with Piramal Enterprises Entered into JV with Piramal Enterprises Ltd 51% - Piramal Enterprises Ltd 49% - Navin Fluorine International Ltd To develop, manufacture & sell specialty Fluorochemicals for the healthcare segment Initial investment - ~Rs. 120 Crs. Current estimates of investme
Slide 19: Clients across the Globe
& e Clients across the Globe Ne ; UJ CLARIANT™ Cs) Bayer syngenta Cs) Bayer CropScience 2. PHARMACEUTICAL anaadl Bem. —_INDUSTRIESLTD. eo LUPIN AUROBINDO ‘Committed to Healthier Life e ae Y Dr.ReDpy's LIFE. RESEARCH . HOPE 19 ARVIND MAFATLAL GROUP
Slide 20: Key Strengths
Key Strengths Fluorination Capabilities In-house R&D Pioneered Manufacturing of State-of-the-art R&D centre – Navin Refrigerant Gases in India Research Innovation Centre at Surat Over 45 years of experience in DSIR approved R&D Centre handling Fluorine Supports in product addition & Exte
Slide 21: Growth driven by Every Business Unit
Growth driven by Every Business Unit CRAMS Business progression from Contract research to contract manufacturing Manufacturing facility commercially operational Specialty Chemicals Introduction of new high value added molecules in portfolio Entry into newer geographies Inorganic Fluorides
Slide 22: Consistent Dividend Performance
Consistent Dividend Performance Dividend as % of Face Value Robust Dividend Payout Declared Highest ever Total Dividend @ 210% Interim Final Continuous Dividend since last 10 years 160% 160% 150% 150% 150% 140% Special Dividend of Rs. 60 per share in FY 12 Declared Final Dividend of Rs.11 per
Slide 23: Strategy Begins to Yield Results
Strategy Begins to Yield Results Operating EBITDA Margin (%) Operating PBT Margin (%) 18% 14% 15% 13% 10% 12% 8% 8% FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 Return on Net Worth (%) Return on Capital Employed (%) 14% 18% 10% 12% 9% 9% 11% 11% FY13 FY14 FY15 FY16 FY13 FY14 FY15 FY16 23 * Standalone Res
Slide 24: Financial Highlights
Responsible Care” Financial Highlights
Slide 25: Standalone Profitability Statement
Standalone Profitability Statement Rs. Crs. Q1 FY17 Q1 FY16 Change % Revenue 164 150 9% Raw Material 65 71 Employee Expenses 18 16 Other Expenses 41 38 Operating EBITDA 40 26 55% Operating EBITDA Margin 24.2% 17.0% 714bps Interest Expenses 0 0 Depreciation 6 5 Operating PBT 34 21 64% Operating PBT M
Slide 26: Consolidated Profitability Statement
Consolidated Profitability Statement Rs. Crs. FY16 FY15 FY14 Revenue 680 592 486 Raw Material 311 289 228 Employee Expenses 81 74 59 Other Expenses 171 156 133 Operating EBITDA 117 72 66 Operating EBITDA Margin 17.3% 12.2% 13.6% Interest Expenses 4 3 6 Depreciation 22 20 22 Operating PBT 91 49 39 Op
Slide 27: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Crs. Mar’16 Mar’15 Mar’14 Shareholder’s Fund Share capital 10 10 10 Reserves & Surplus 636 578 546 Minority Interest - 13 9 Non-current liabilities Long term borrowings 48 27 - Deferred Tax Liabilities (net) 37 32 33 Other non-current liabilities 29 28 28 Current liabi
Slide 28: Contact
Contact For further information, please contact: Company : Investor Relations Advisors : Navin Fluorine International Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L24110MH1998PLC115499 CIN : U74140MH2010PTC204285 Mr. Sitendu Nagchaudhuri Ms. Sanjita Ghosh / Mr. Shogun Jain Chief Financial Officer
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