nitin fire protection industries...
TRANSCRIPT
Corporate Presentation
Nitin Fire Protection Industries LimitedCorporate Presentation
SINCE 1984
Introduction
i i i i d i i i d ( ) i i i i h
Operating
Nitin Fire Protection Industries Limited (NFPIL) is a Fire Protection System Integrator, with an agenda to provide wide range of systems to protect and prevent from disaster / hazard of fire.
Over 580 Employees
Operating Since 1984In INDIA
1000 + Happy Employees
world wide Customers
25000+P j t Direct Sales inProjects
Completed
Direct Sales in Over 25 Countries Direct
Presence in INDIA,UAE,UK SINGAPORESINGAPORE
2
Area Of Focus
Off h
Nitin Fire Protection Industries Provide End to End Fire Protection Solutions and System for various Sectors like
Defence Sector Aerospace sector
Nuclear &
Offshore Platforms,Refineries,
Control RoomsHospitals and Hospitality
Thermal Power Plants
Hospitality sector
Industrial & Warehouses &Industrial & Manufacturing
Units
Warehouses & Commercial
Spaces
Server Rooms & Data Centres
3
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 Detection
� Manual / Automatic Fire / Flame / Smoke alarmconventional & intelligent systems
Bre
aku
p Turnkey Solutions
Detection Systems
Gas Suppression
conventional & intelligent systems
� Gas based systems used for protection of high valueequipment and critical assets, server rooms, controlrooms, data centres etc. using hydrocarbon and
� Automatic Fire Detection & Suppression System For Vehicle
Bu
sin
ess
Suppression Systems
FireProtection
, g yinert gases which are environmental friendly for protecting critical assets
Hydrant / Sprinkler systems Deluge valve and spray nozzle Water & Foam Based Fire protection systems
Designs SupplyTesting &
Commissioning
Pro
tect
ion
Products� Portable fire extinguishers
otect oSystems
� Accessories of Fire Fighting SystemsDistribution
Fir
eP
AMCServices � Maintenance of fire protection systems
Distribution
4
Corporate Structure
NITIN FIRE PROTECTION INDUSTRIES LIMITED (NFPIL)
100% 100% 100%
NITIN FIRE PROTECTION INDUSTRIES LIMITED (NFPIL)
(Listed on INDIAN Stock Exchange 05.06.2007)
(Statutory Joint Auditor : Deloitte Haskins & Sells LLP And Haribhakti & Co. LLP)
Nitin Global Pte LtdSingapore
Distribution of Protection products
Nitin Ventures FZEUAE
Distribution of Fire protection products in
Eurotech Cylinders Pvt LtdIndia
Distribution of High Pressure Industrial Seamless cylinder
100% 100% 100%
Subsidiaries
pin South‐east Asia
protection products in Middle East and GCC
yManufactured in ChinaDistributed in India
11 11%
Statutory Auditor: Deloitte Haskins & Sells LLP
Sociates
Worthington Nitin Cylinders PvtLtdIndia
Manufacturing of Seamless cylinder i Vi kh t J i t t ith
New Age Company LLCUAE
Turnkey fire protection systems provider in UAE
40%
NELP VIIndia
Investment in Onshore Oil Block with GAIL/GSPC/
HPCL/BPCL
11.11%
Firetec Systems LtdUK
Distribution of FireProtection products
Asso in Visakhapatnam Joint venture with
Worthington Industries USA
y pSince 1976 HPCL/BPCL
Awarded under NELP VIin European regions
60% Owned by Worthington industries USA
40% Owned by Nitin fire protection Industries LimitedIncorporated in 2013Acquired by Nitin Ventures FZE
5
Key Milestones
Acquisition of management control inNew Age Co. LLc UAE.
Listed once again under F b A i f
Best SME Award byBusiness Today Group 23rd September Delhi
UL Approved Novec 1230 Fire suppression
Incorporated asNitin Industries
First Indian Companyto useOzone friendly Fire Protection
Successfully listed on BSE & NSEand expansion
Received ISO 9001:2000
Acquisition 40% stake in New Age Co. LLC in Dubai through itsNitin ventures
Forbes Award Listed on Forbes Asia for best under a billion for the
Forbes Asia for the year 2010.
Divestment of cylinder manufacturing business through JV with Worthington
Listed for the 3rd consecutive year under Forbes Asia for
Only Company to receive LPCB approval for Inert Gases Fire suppression
100 % Subsidiary incorporated FiretecSystems Ltd in UK under Nitin ventures
Listed into S&P 500Bse Index 2014
Annual SalesCrossed Over
ppsystem
UL Approved FM200 Fire suppression system
Asia Pacific Entrepreneurship Award (Outstanding
Received major orders from ONGC for replacement of Ozone depletion Fire Suppression systems at their offshore
19951995 19981998 20042004 20072007 20082008 20092009 20102010 20112011 20122012 20132013 20142014 2015201519841984
Nitin Industries Systems
pin UAE
9001:2000 Nitin ventures FZE
year 2009 Worthington Industries Inc.
Forbes Asia for the year 2011
suppressionsystems
Nitin ventures FZE
Crossed Over1000 Cr. category Award)
e o s o ePlatforms
0 Cr
1000
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GLOBAL PRESENCE OF THE COMPANY
� Operating since 1984
� Amongst top fire protection players in India
India
Europe
� Operating since 2013� Providing end-to-end solutions for fire protection solutions
� Operating since 2013
Firetec Systems Limited, UK
� Incorporated for expansion into
European Market
� Operating since 1976SingaporeUAE
p
� 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
� Operating since 2010
� 100 % subsidiary incorporated
for Expansion into Asian market
� Distribution of fire protection� Class A certified contractor of UAE for installation of fire
fighting system by Civil Defence.
pproducts in South East Asia
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Highly experienced management with deep understanding of customer needs
Strong senior management team… …with deep industry experience
l
Mr. David AdkinsGlobal Sales Head UK
� Total experience: 30 years in fire industry� 8 years senior management role within European
Division of UTC Fire and Security� Final position with UTC European General Manager Global
FireSuppression (division revenue in excess of $400mn)
� Business owner for 17 years, start up through to sale to
Mr. Partho RoyCEO –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� of Missouri, U.S.A.� With the group since 2006
Global Sales Head, UK y , p gKidde plc
� With the group since 2012
� Total experience: 36 years� Previously worked with UTC Fire and Security as its
� Total experience: 39 years� Associated with Nitin Fire for 18 years� In charge of the technological development
Mr. John SellensSales & Marketing, MENA
� Previously worked with UTC Fire and Security as itsmanaging director based in the UAE, responsible for salesinto Russia, Central Europe, Middle East and Central Asia
� With the group since 2012
of products and technical negotiations with customers in respect of turnkey and general fire safety products
� Holds a Masters degree in arts� With the group since 1994
Mr. Gopal Krishna ShahiGeneral Manager, INDIA
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Strong Track Record
Long and
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 25,000 indirect installationdone through various contractors
successfuloperating
history
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‐salessupport
Understand clients problem and helping them to provide quick, safest, environmentalfriendly, 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 missionDesign capability for providing fire protection solutions to simple as well as complex missioncritical assets
Skilled and trained engineers / manpower with continuous training to meet with evolvingtechnology
Environmentally clean ozone friendly gas suppression system using clean Inert Gases
Focus ontechnologyand productdevelopment Environmentally clean ozone friendly gas suppression system using clean Inert Gases
Dedicated in‐house team to monitor development of latest range of products
p
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FEW LIST OF PROJECTS COMPLETED IN UAES. NO CLIENT 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 CAPAROL15 SAM BUILDING CONTRACTING ALIGN CONSULTANT P713 CAPAROL
16 CITY DIAMOND CONT AL TAKAMUL AL HANDASI B+G+1 BUSINESS BLDG
17POSITIV 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 MIRFA22 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+GYMBLDG
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
10
FEW LIST OF PROJECTS COMPLETED IN INDIAClient Project Location Client Project LocationClient Project LocationAircel Cellular Ltd Multiple Locations
Airport Authority of India Nagpur / Mumbai / Delhi
Aker Powergas Pvt. Ltd. Mumbai
American Express Bank Mumbai
Bajaj Alliance Pvt. Ltd Mumbai
Bh d P Li it d H i
j
National Stock ExchangeMumbai / Chennai/Hyderabad
NTPC Limited Multiple Locations
Oil & Natural Gas Corporation Ltd Offshore / Onshore
P D Hinduja Hospitals Ltd. Mumbai
Gujarat Energy Transmission Corporation Limtied
Gujarat
Hathway Cable & Datacom Ltd Mumbai
Hawlett Packard Mumbai
HDFC Bank Multiple Locations
Hindustan Petroleum Corporation Multiple LocationsBhander Power Limited Hazira
Bharat Sanchar Nigam Limited Multiple Locations
BG India Offshore
BNP Paribas India Solutions P. Ltd. Mumbai
Bajaj Auto Ltd., Pune
British Gas Exploration & Mumbai
Pfizer Limited Navi Mumbai
Prana Studios Pvt Ltd . Mumbai
Punjab National Bank Mumbai
Ranbaxy Laboratories Ltd. Mumbai
p p
Hutchison Essar Cellular Ltd Multiple Locations
Idea Cellular Ltd Multiple Locations
Indo Rama Synthetics (India) Ltd. Nagpur
The International Business Machines Mumbai
Indus Tower Ltd Pan IndiaProtection India Ltd
Mumbai
Cairn India Ltd. Rajasthan
Centre for Railway Information Systems
Delhi
Chennai Petroleum Corporation Chennai
Contemporary Health Cure Pvt. Ltd
Mumbai
Reliance Industries Ltd. Multiple Locations
Reserve Bank of India Mumbai
SIEMENS LTD Bangalore
Tata AIG Life Insurance Mumbai
T t C lt S i M lti l L ti
IPCA Pharmaceticals Pvt Limited Mumbai
Jet Airways Mumbai
John‐ Deere India Pvt Ltd Pune
JSL Limited Haryana
Juipter Hospital Mumbai
Credit Suisse First Boston Securities Pvt.Ltd
Mumbai
Delhi Integrated Multi Modal Transit System Ltd
Delhi
Dena Bank Mumbai
Department of Atomic Energy Hyderabad
Diebold Software Services P.Ltd Mumbai
Tata Consultancy Services Multiple Locations
Tata Motors Ltd Mumbai
Vodafone Inds Ltd. Multiple Locations
Wipro Limited Multiple Locations
WNS Global Services Pvt.Ltd Multiple Locations
KidZania Imagination Edutainment India (P) Ltd,
Mumbai
Larsen & Toubro Multiple Locations
Lilivati Hospital Mumbai
Loop Mobile (India) Ltd. Mumbai
Mahanagar Gas Limited Mumbai / Navi MumbaiDiebold Software Services P.Ltd Mumbai
Dishnet Wireless Ltd Multiple Locations
Ferring Pharmaceuticals P. Ltd. Navi Mumbai
Fugro Survey Navi Mumbai
Gemini Power Hydraulic PvtLimited.
Mumbai
pMaruti Suzuki Ltd. Uttar Pradesh
Mahindra & Mahindra Ltd Mumbai
Mirae Asset Global Investments (India) Pvt.Ltd
Mumbai
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Capital History
• 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/
IPO
FY %
Bonus History
Date Bonus Ratio
FV Rs10/‐
Dividend History
FY %
FY – 15 10
FY – 13 10
22‐09‐2011 5:2
03‐11‐2014** 1:3
FY –12 20
FY – 11 50
FY –10 35Splits History Old Value New Value
Stock Splits
FY 10 35
FY – 09 30
FY – 08 20Split Face Value Rs 10.00 to Face Value Rs 2.00
No capital raised since 2007
13‐08‐2010 10 2
12**Approved issue of bonus shares in EGM held on 03‐11‐2014
Key Financial Highlights ‐ Standalone
Balance Sheet
(Rs. in mn.) FY11 FY12 FY13 FY14 FY15FY16 (HY)
Net Worth 1,264 1,381 1504 1,485 1,607 1,688 Cashflow Statement Net Debt 433 1,651 1,677 2,216 1,978 2,927
Sources of Funds 1,697 3,033 3,181 3,701 3,585 4,615
Fixed Assets (incl. CWIP)
27 134 353 349 437 633
Investments 638 843 592 591 575 575
(Rs. in mn.) FY11 FY12 FY13 FY14 FY15
Cash flow from Operating Activities
(314) (938) 332 (289) 647
Income Statement
Investments 638 843 592 591 575 575
Net Working Capital 1,032 2,056 2,236 2,761 2,573 3,407
Application of Funds 1,697 3,033 3,181 3,701 3,585 4,615
(Rs. in Mn.) FY11 FY12 FY13 FY14 FY15 FY16 (HY)
Revenue 1,477 1,635 3,521 4,554 4,889 3,017
EBITDA 190 231 312 347 511 313
PAT 237 101 175 110 135 75PAT 237 101 175 110 135 75
13
Key Financial Highlights ‐ Consolidated
B l Sh t
Cashflow Statement
Balance Sheet
(Rs. in mn.) FY‐11 FY‐12 FY‐13 FY‐14 FY‐15FY‐16 (HY)
Net Worth 2,321 2,657 3,175 3,711 4,427 5,503
N t D bit 1 332 2 717 2 936 3 556 3 989 5 124(Rs. in mn.) FY‐11 FY‐12 FY‐13 FY‐14 FY‐15
Cash flow from Operating Activities (132) (948) 402 10 216
Net Debit 1,332 2,717 2,936 3,556 3,989 5,124
Sources of Funds 3,654 5,374 6,111 7,267 8,416 10,627
Fixed Assets (incl. CWIP) 1,383 1,514 1,822 1,994 2,144 2,193
Income Statement
Investments 607 663 360 14 381 396
Net Working Capital 1,664 3,197 3,929 5,259 5,891 8,038
Application of Funds 3,654 5,374 6,111 7,267 8,416 10,627
Income Statement
(Rs. in mn.) FY‐11 FY‐12 FY‐13 FY‐14 FY‐15 FY‐16 (HY)
Revenue 4,382 5,360 7,047 10,161 11,466 7,920
growth % 39.40% 22.30% 31.47% 44.19% 12.86%
EBITDA 649 748 893 1,077 1,268 1,006
margin % 14.80% 14.00% 12.70% 10.60% 11.05% 12.70%
PAT 579 470 614 665 671 601
margin % 13.20% 8.80% 8.70% 6.55% 5.85% 7.59%
14
Key Market InformationShareholding Pattern
#Shareholding Pattern
Few of our Institutional ShareholdersOthers12.46
Name of the Shareholder as on 30/09/2015
Promoters72.52
Institutional15.02
# as on November 28 2015
AUSTRALIAN UNITY ACRON CAPITAL ASIA SMALL CAP FUND
INDUS PORTFOLIO PVT LTD
Market Information
as on November 28 2015
Pledge: As on 28/11/2015, 70,683,161 equity shares of the Companyhave been pledged for the working capital needs of the biz
DFA INVESTMENT DIMENSIONS GROUP INC
JOHN HANCOCK FUNDS II EMERGING MARKETS VALUE FUND
Particulars as on 30/09/2015 (BSE) Rs.
CMP 41.90
Market Cap (Rs. MN) 12,246
52 week high Adjusted 55.30
PLUTUS TERRA INDIA FUND
GENRAL INSURANCE COPRPORATION OF INDIAg j
52 week low Adjusted 27.20
Face Value 2.00
Total No. Total of Share Holder as on dt. 31‐03‐2015 22279
THE EMERGING MARKETS SMALL CAP SERIES OF THE DFA INVESTMENT TRUST COMPANY
15
Industry Dynamics
Global Fire & Security market is estimated tobe c.US$ 100bn, growing in excess of GDPand is expected to grow at CAGR of c.15%
Thi i d i l l d b TYCO h i
Key long term demand drivers
TechnologyDemand for innovation and new applications
Application and systems convergence
Mandatory government regulationsThis industry is currently lead by TYCO having12% of the market share alongwith UTC,Honeywell, Siemens in the space.
Highly fragmented market with top five
Regulations Stringent environmental standards
Growth market codes and standards proliferation
CustomersInterest in latest technology and increasing awareness
Increasingly price consciousHighly fragmented market with top fiveplayers account for less than 20% share.
NFPIL currently enjoys 0.1% share of theGlobal Fire Industry
Increasingly price conscious
InfrastructureIncrease in infrastructure investments
Commercial and residential constructions
Global Fire Industry.
There is a definite demand for FireProtection products worldwide with newerproducts under developmentproducts under development
The Innovation and Product Developmentare the critical aspects of success in theindustry
16Source: TYCO Annual Report 2015
VISION 2020
Make Our Company a Global Brand Worldwide
Accelerate growth via entering into growing market
Develop & Promote Technologically sound products
Lookout for in‐organic opportunities in this space;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
17
Our Strengths Position Us to Win
Customer DemandIncreased demand for integrated fireprotection systemsGrowing niche product segment for
Competitive LandscapeFragmented marketIncreasing industry consolidation
specialised productsGrowth market codes and standardsproliferationImplementing fire codes and standards
Strengths & OpportunitiesTechnology leadershipAccelerated development and integrationof new technologies & service offeringsp g
Technology EvolutionIntegration of Fire and Gas SuppressionSystems
g gVertical‐market specific skills and solutionsAccelerate technology advancementsBroaden footprints
SystemsDemand for innovation and newapplicationsApplication and systems convergenceVertical specific technologies andVertical specific technologies andapplications
18
Accelerate Organic Growth
L i ti t b f thLeverage existing customer base for growth with newer range of products
Improve customer service through end‐to‐d l ti ff iend solution offerings
Differentiate offerings through innovation
E d tf li & d t ff iExpand portfolio & product offerings
Local Presence to drive growth within each region
Local market‐driven R&D supported by global technology and resources
I ti i l l l d k tiInvesting in local sales and marketing capabilities
19
Corporate Social Responsibility
The Company has been involved in various projects for the uplift of the society and takes steps to help the underprivileged at the time of Emergencyhelp the underprivileged at the time of Emergency.
NFPIL Conduct’s Eye Camp & Blood Camp Test center at various intervals through out the year
NFPIL has actively participated in sending Relief Material to Nepal Earthquake in Emergency crisis's
NFPIL Supply Food items & Books to underprivileged society through the year at regular intervals.
20
Disclaimer
All the information contained in this presentation has been prepared solely by the Company. No information contained herein hasbeen independently verified by anyone else.
Any person placing reliance on the information contained in this presentation or any other communication by the Company doesso 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 onor in reliance upon the information contained herein.
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Nitin Fire Protection Industries Limited
C t H d t
Nitin Fire Protection Industries Limited
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 comWebsite : http://www.nitinfire.com Email : [email protected]