Nitin Fire Protection Industries Limited Corporate Presentation - - PowerPoint PPT Presentation

Corporate Presentation

Nitin Fire Protection Industries Limited

May 2015

2

WHO ARE WE ?

Nitin Fire Protection Industries Limited (NFPIL) is a Fire Protection solutions provider, with an agenda to provide wide range of systems to protect and prevent from disaster of fire, The Company Providing End to End Fire Protection Solutions for various industries like

• Refineries , Control Rooms
• Power Plants
• Offshore Platforms
• Server Rooms & Data Centres
• Warehouses
• Commercial Spaces
• Hospitals and Hospitality sector
• Operating in the Fire Industry since 1984 in India & 1976 in UAE through New Age LLC
• Over 580 employees world wide from 18 Nationality
• Awarded “THE GLOBAL FIRE AWARD " by INSTITUTE OF FIRE ENGINEERS on 25th October 2013
• Awarded Asia Pacific Entrepreneurship outstanding category award 2015

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A COMPLETE RANGE OF WORLD CLASS FIRE PROTECTION SOLUTIONS UNDER ONE ROOF

Comprehensive solutions provider with a wide range of products ranging from basic level fire extinguishers to sophisticated fire protection systems and gas based suppression systems for mission critical areas as well as services

Fire Protection Business Breakup

Turnkey Solutions AMC Services

After sales support & maintenance of fire protection systems

Products

Fire detectors and control panels Portable fire extinguishers

Fire Detection Systems Gas Suppression Systems Fire Protection Systems

Manual / Automatic Fire / Flame / Smoke alarm conventional & intelligent systems Gas based systems used for protection of high value equipment and critical assets, server rooms, control rooms, data centres etc. using hydrocarbon and inert gases which are environmental friendly

Hydrant / Sprinkler systems Deluge valve and spray nozzle

Water & foam monitors

Water & Foam Based Fire protection systems

Accessories of Fire Fighting Systems

Distribution

Designs Supply Testing &

Commissioning

*Water / Foam / Powder is used as extinguishing agent

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Corporate Structure

Subsidiaries Associates

Nitin Global Pte Ltd

Singapore Distribution of Protection products in South-east Asia

Nitin Ventures FZE

UAE Distribution of Fire protection products in Middle East and GCC

Eurotech Cylinders Pvt Ltd

India Distribution of High Pressure Industrial Seamless cylinder distributed in India Manufactured in China

Worthington Nitin Cylinders Pvt Ltd

India Manufacturing of Seamless cylinder in Visakhapatnam Joint venture with Worthington Industries USA

New Age Company LLC

UAE Turnkey fire protection systems provider in UAE Since 1976

100% 100% 40% 100%

NITIN FIRE PROTECTION INDUSTRIES LIMITED (NFPIL)

(Listed on June 2007)

NELP VI

India Investment in Onshore Oil Block with GAIL/GSPC/ HPCL/BPCL Awarded under NELP VI

11.11%

Firetec Systems Ltd

UK Distribution of Fire Protection products in European regions

60% Owned by Worthington Cylinders USA 40% Owned by Nitin fire protection Industries Limited Incorporated in Jan 2013 Acquired by Nitin Ventures FZE

* To be amalgamated with NFPIL

Operating since 1976 Offices in Abu Dhabi, Dubai and Sharjah with experience in installation in seven emirates of UAE Providing end-to-end solutions for fire protection & safety Works in Dubai International Port | JAFZA | AFZA Operating since 1984 Amongst top fire protection players in India Providing end-to-end solutions for fire protection solutions Singapore Operating since 2010 India UAE Europe Operating since 2013 Firetec Systems Limited, UK 5

GLOBAL PRESENCE OF THE COMPANY

100 % subsidiary incorporated for expansion into European Market 100 % subsidiary incorporated for Expansion into Asian market Distribution of fire protection products in South East Asia

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Highly experienced management with deep understanding of customer needs

Total experience: 30 years in fire industry 8 years senior management role within European Division

• f UTC Fire and Security

Final position with UTC European General Manager Global Fire Suppression (division revenue in excess of $400 mn) Business owner for 17 years, start up through to sale to Kidde plc

• Mr. David Adkins

Global Sales Head, UK

Total experience: 36 years Previously worked with UTC Fire and Security as its managing director based in the UAE, responsible for sales into Russia, Central Europe, Middle East and Central Asia

• Mr. John Sellens

Sales & Marketing, MENA

Strong senior management team… …with deep industry experience

• Mr. Partho Roy

CEO – Marketing, INDIA Total experience: 25 years Experience in the field of fire detection, fire extinguishing, gas detection and networking Holds a Bachelor’s degree in Computer “science from University

• f Missouri, U.S.A.

Total experience: 46 years Associated with Nitin Fire for 1 years In- charge of international approvals for various products and systems, technical support to sales, marketing & installation teams, etc Has a Bachelor’s degree in Electrical Engineering Total experience: 39 years Associated with Nitin Fire for 18 years In charge of the technological development

• f products and technical negotiations with

customers in respect of turnkey and general fire safety products Holds a Masters degree in arts

• Mr. Easwaran

General Manager ,UAE

• Mr. Gopal Krishna Shahi

General Manager, INDIA

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Strong Track Record

Long and successful

• perating

history

• ISO 9001:2000 company, successfully completed 31 years of operation in India
• More than 8,500 direct installation on pan India basis and more than 24,500 indirect installation

done through various contractors

• Track record of executing a number of large-scale fire protection systems installation projects
• Focus on developing customized solutions to meet customer needs and strong after-sales

support

• Understand clients problem and helping them to provide quick, safest, environmental friendly,

best quality and cost effective fire protection solutions

• Wide range of fire protection equipment and products
• Design capability for providing fire protection solutions to simple as well as complex mission

critical assets

• Skilled and trained engineers / manpower with continuous training to meet with evolving

technology

• Environmentally clean ozone friendly gas suppression system using clean Inert Gases
• Fire stop – a specialized system which identifies and extinguishes fire within electrical

cabinet and small enclosures

• Dedicated in-house team to monitor development of latest range of products

Focus on technology and product development

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Diversified Clients in across the Sectors

Marquee client in India Intermediataries & Contractors in India

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FEW LIST OF PROJECTS COMPLETED IN UAE

• S. NO

CONTRACTOR CONSULTANT PROJECT

1 MEYDAN GROUP LLC TAK DESIGN CONSULTANT DUBAI RACING CLUB CABLE TUNNEL 2 TEHNICAL ENGG CONT DESIGN & ARCHITECTURE BUREAU (G+2) MADINA MALL 3 SOBHA CONTRACTING NATIONAL ENGINEERING BUREAU 3B+G+10 & 3B+G+4 BLDG (DAFFODIL) 4 AL MASAOOD BERGUM PRIME ENGINEERING HAMEEM RESIDENT 5 S.S.LOOTAH PORT SAEED ENGG. MEDICAL COLLEGE 6 EMIRATES FLIGHT CATERRING AKKAWI ENGINEERING SP-751 RENOVATION & IMPROVEMENT 7 SOBHA CONTRACTING AL WASAL DUBAI POLICE VIP DETECTION CENTRE 8 SOBHA CONTRACTING DUBAI CONSULTANTS 3B+G+3P+16 BLDG.(SAPPHIRE) 9 AL RAEEL NATIONAL DORSCH GROUP 7500MEN CAMP 10 ARMS ELECTROMECHANICAL SARAYA ENGINEERING WARE HOUSE ( TYRE STORAGE) 11 MODERN BLDG CONTG BEL YOAHAH ARCHITECTURAL & ENGG. 2B+G+14 RES/COM BLDG AT AL BARSHA 12 NASEEM AL SHARQ SAFEER CONSULTANTS AL FOHA MALL 13 JOHN SISK & SON CONSTRUCTION UPA MASFOUT HOSPITAL - AJMAN 14 AL HADI CONTRACTING AL ARABIA LULU HYPERMARKET 15 SAM BUILDING CONTRACTING ALIGN CONSULTANT P713 CAPAROL 16 CITY DIAMOND CONT AL TAKAMUL AL HANDASI B+G+1 BUSINESS BLDG 17 POSITIV EPACKAGING AL JASSIM ENG. PROPOSED WAREHOUS,G+M OFFICE AND FACTORY FOR POSTIVE PACKAGING 18 GEACO DASTUR CONSULTANT EXECUTIVE HOTEL APARTMENTS 19 YOUSUF & AMAN CONTG. ARCH CORP ARCH.ENG. 3B+G+M+3 BLDG. 20 AL HIKMA CONTG. ENG.ADNAN SAFFARINI FACTORY & OFFICE 21 ASWAN CONTG ARJ CONSULTANT B+G+3 RETAIL COMM.BLDG 22 KARYTA GULF CONSTRUCTION AL THORATH ENGINEERING TAMM PROTO TYPE AT MIRFA 23 RSA LOGISTICS TORPY ENGINEERING (G+M) OFFICE WAREHOUSE 24 KHALFAN AL SHAER ( DESERT FAL) BIN DALMOUK 2B+G+11+GYM BLDG 25 AMANA STEEL KLING CONSULTANT DJ-179-DIP-1 FACILITIES FAMO 1& 2 26 AL ATTAS CONTRACTING CIVIL DEFENCE FUJAIRAH DIRETORATE OF CIVIL DEFENSE @ FUJAIRAH 27 TAFSEER GENERAL CONT. SUSTAINABLE CREATIVE RUWAIS CAMP 28 DARWISH ENGG. EMIRATES UAE ARMED FORCES MISC CONSTRUCTION AT SIGNAL CORPS CAMP 29 S.S.LOOTAH PORT SAEED ENGG. G+2 LABOUR ACCOMM. 30 MODERN BLDG CONTG BEL YOAHAH ARCHITECTURAL & ENGG. B+G+12 BLDG. 31 ZABEEL CONTRACTING ART CONSULTANT B+G+7 BLDG. 32 AL KAUTHER CONTRACTING CO FREELINE ENG.CONSULTANT DEWA (CONSTRUCTION OF COMBINATED 33 ALBATECH CONSTRUCTION THE ARAB OFFICE EMIRATES STEEL INDUSTRIES

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Key Milestones

* Fire Suppression System

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Capital History FY % *FY – 15 10 FY – 13 10 FY –12 20 FY – 11 50 FY –10 35 FY – 09 30 FY – 08 20 Bonus History

Split Face Value Rs 10.00 to Face Value Rs 2.00 Date Bonus Ratio

22-09-2011 5:2 03-11-2014** 1:3

Splits History Old Value New Value

13-08-2010 10 2 Stock Splits

• Listed during June 2007 on both the recognized stock exchanges in India
• The IPO oversubscribed by more than 48 times & the issue price was 190/-per equity share of

FV Rs10/-

Dividend History IPO

**Approved issue of bonus shares in EGM held on 03-11-2014 *proposed dividend for FY-15 subject to AGM approval

* The profit arising on sale of subsidiary has been excluded from PAT of FY 11

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Financial Highlights - Standalone

Income Statement (Rs. in Mn.) FY11 FY12 FY13 FY14 FY15 Revenue 1,477 1,635 3,521 4,554 4,889 EBITDA 190 231 312 347 511 PAT 237 101 175 110 135 Balance Sheet (Rs. in mn.) FY11 FY12 FY13 FY14 FY15 Net Worth 1,264 1,381 1504 1,485 1,665 Net Debt 433 1,651 1,677 2,216 1,978 Sources of Funds 1,697 3,033 3,181 3,701 3,643 Fixed Assets (incl. CWIP) 27 134 353 349 437 Investments 638 843 592 591 575 Net Working Capital 1,032 2,056 2,236 2,761 2,631 Application of Funds 1,697 3,033 3,181 3,701 3,643

Cashflow Statement

(Rs. in mn.) FY11 FY12 FY13 FY14 FY15 Cash flow from Operating Activities (314) (938) 332 (289) 647

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Financial Highlights - Consolidated

Income Statement

(Rs. in mn.) FY-11 FY-12 FY-13 FY-14 FY-15 Revenue 4,382 5,360 7,047 10,161 11466 growth % 39.40% 22.30% 31.47% 44.19% 11.38% EBITDA 649 748 893 1,077 1268 margin % 14.80% 14.00% 12.70% 10.60% 11% PAT 579 470 614 665 671 margin % 13.20% 8.80% 8.70% 6.55% 6%

Cashflow Statement (Rs. in mn.) FY-11 FY-12 FY-13 FY-14 FY-15

Cash flow from Operating Activities

(132) (948) 402 10 216 Balance Sheet

(Rs. in mn.) FY-11 FY-12 FY-13 FY-14 FY-15 Net Worth 2,321 2,657 3,175 3,711 4,427 Net Debit 1,332 2,717 2,936 3,556 3,989 Sources of Funds 3,654 5,374 6,111 7,267 8,416 Fixed Assets (incl. CWIP) 1,383 1,514 1,822 1,994 2,144 Investments 607 663 360 14 381 Net Working Capital 1,664 3,197 3,929 5,259 5,891 Application of Funds 3,654 5,374 6,111 7,267 8,416

* The profit arising on sale of subsidiary has been excluded from PAT of FY-11.

Particulars as on 31/3/2015 (BSE) Rs. CMP 35 Market Cap (Rs. MN) 10,174 52 week high Adjusted 66.75 52 week low Adjusted 30.15 Face Value 2.00 Total No. of Share Holder as on dt. 31-03-2015 19847

#Shareholding Pattern

Few of our Institutional Shareholders Market Information

Promoters 71.89 Institutional 16.72 Others 11.39

# as on March 31, 2015

Pledge: As on 31/3/2015, 54,683,160 equity shares of the Company have been pledged for the working capital needs of the biz

Key Market Information

Name of the Shareholder as on 31/03/2015

AUSTRALIAN UNITY ACRON CAPITAL ASIA SMALL CAP FUND INDUS PORTFOLIO PVT LTD JOHN HANCOCK FUNDS II AC/JOHN JOHN HANCOCK FUNDS II EMERGING MARKETS VALUE FUND PLUTUS TERRA INDIA FUND GENRAL INSURANCE COPRPORATION OF INDIA EMERGING INDIA FOCUS FUNDS THE EMERGING MARKETS SMALL CAP SERIES OF THE DFA INVESTMENT TRUST COMPANY DFA INVESTMENT DIMENSIONS GROUP INC

Shareholding Pattern

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Industry Dynamics

• Global Fire & Security market is estimated to

be c.US$ 100bn, growing in excess of GDP and is expected to grow at CAGR of c.15%

• This industry is currently lead by TYCO having

12% of the market share alongwith UTC, Honeywell, Siemens in the space.

• Highly fragmented market with top five

players account for less than 20% share.

• NFPIL currently enjoys 0.1% share of the

Global Fire Industry.

• There

is a definite demand for Fire Protection products worldwide with newer products under development

• The Innovation and Product Development

are the critical aspects of success in the industry

Source: TYCO Annual Report 2014

Key long term demand drivers

Technology

 Demand for innovation and new applications  Application and systems convergence

Regulations

 Mandatory government regulations  Stringent environmental standards  Growth market codes and standards proliferation

Customers

 Interest in latest technology and increasing

awareness

 Increasingly price conscious

Infrastructure

 Increase in infrastructure investments  Commercial and residential constructions

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VISION 2020

• Accelerate growth via entering into growing market
• Develop & Promote Technologically sound products
• Lookout for in-organic opportunities in this space;
• Introduce & penetrate the largest market for Fire protection, North America;
• Expansion in terms of manufacturing and R&D programmes
• Fully integrated service setup backed by experienced industry veterans
• Work towards setting up newer guidelines for effective Fire Safety solutions for the end users

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Accelerate Organic Growth

• Leverage existing customer base for growth

with newer range of products

• Improve customer service through end-to-

end solution offerings

• Differentiate offerings through innovation
• Expand portfolio & product offerings
• Local Presence to drive growth within each

region

• Local market-driven R&D supported by global

technology and resources

• Investing in local sales and marketing

capabilities

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Our Strengths Position Us to Win

Customer Demand

• Increased

demand for integrated fire protection systems

• Growing

niche product segment for specialised products

• Growth

market codes and standards proliferation

• Implementing fire codes and standards

Technology Evolution

• Integration of Fire and Gas Suppression

Systems

• Demand

for innovation and new applications

• Application and systems convergence
• Vertical

specific technologies and applications Competitive Landscape

• Fragmented market
• Increasing industry consolidation

Strengths & Opportunities

• Technology leadership
• Accelerated development and integration
• f new technologies & service offerings
• Vertical-market specific skills and solutions
• Accelerate technology advancements
• Broaden footprints

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Disclaimer

All the information contained in this presentation has been prepared solely by the Company. No information contained herein has been independently verified by anyone else. Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and the Company shall not be liable for any loss or damage caused pursuant to any act or omission based on

• r in reliance upon the information contained herein.

Corporate Headquarter:

501, Delta, Technology Street, Hiranandani Gardens, Powai, Mumbai - 400 076. Maharashtra, India. Ph: +91 22 4045 7000 Fax: +91 22 2570 1110 Website : http://www.nitinfire.com Email : nitinfire@vsnl.com

Nitin Fire Protection Industries Limited