I

Mafatlal House, 3rd Floor, H. T. Parekh Marg, Backbay Reclamation,

Churchgate, Mumbai - 400 020, India.

NOCIL LIMITED

Tel.: 91 22 6657 6100, 6636 4062 Fax: 91 22 6636 4060 website : www.nocil.com
CIN No. L99999MH1961PLC012003

Email.:~~@l(i)tl{M~

mve:itorcare@uocil.c;om

4th February 2016

To,
The Bombay Stock Exchange Ltd.
"P.J. Towers"
Dalal Street
Mumbai-400 001
Dear Sirs,
Sub: Presentation to Analysts/ Institutional Investors
Ref: Regulation 30(6) of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015
With reference to Regulation 30 (6) of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, an Investor Presentation on
the financials for the quarter and nine months ended 31st December 2015
of the Company is attached.
We further mention that the enclosed Presentation was uploaded on the
Company's website viz., www.nocil.com and the same would be used by
the Company at the future Analysts I Institutional Investors meet the
schedule of which would be separately intimated to the Exchange.
We request you to take the above on your records and acknowledge receipt.
Thanking you,
Yours truly,
For NOCIL LIMITED

(V.K. Gupte)
Company Secretary

Encl: as above

Investor Presentation
February 2016

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 shall not form the basis or be relied on in connection with any contract or binding
commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering
document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but
the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth,
accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or
any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Companys market opportunity and business
prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees
of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.
These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of
various international markets, the performance of the industry in India and world-wide, competition, the companys ability to
successfully implement its strategy, the Companys future levels of growth and expansion, technological implementation, changes
and advancements, changes in revenue, income or cash flows, the Companys market preferences and its exposure to market
risks, as well as other risks. The Companys actual results, levels of activity, performance or achievements could differ materially
and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any
forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements
and projections.

Financial Highlights 9M FY16

EBITDA

Revenue

+26.2%
+1.6%

719

529

538

9M FY15

9M FY16

101
80

FY 15

9M FY15

9M FY16

+40.9%

+39.2%

85

86

61

Rs. In Crores

FY 15

PAT

PBT

9M FY15

112

55

57

9M FY16

FY 15

40

9M FY16

FY 15

9M FY15

Margin Profile 9M FY16

EBITDA Margin

Value Addition*

45.6%

48.8%

9M FY15

9M FY16

46.0%

FY 15

18.7%

9M FY15

17.3%

9M FY15

FY 15

10.3%
14.2%

9M FY16

9M FY16

PAT Margin

EBIT Margin

13.9%

15.6%

15.1%

FY 15

7.9%

7.5%

9M FY15

* Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

9M FY16

FY 15

Financial Highlights Q3 FY16

EBITDA

Revenue

+13.9%

-3.9%
177

170

Q3 FY15

Q3 FY16

Q3 FY15

+27.1%

+22.5%

31

20
16

24

Rs. In Crores

Q3 FY16

PAT

PBT

Q3 FY15

36

31

Q3 FY16

Q3 FY15

Q3 FY16

Margin Profile Q3 FY16

EBITDA Margin

Value Addition*

47.0%

Q3 FY15

52.2%

21.0%
17.7%

Q3 FY16

Q3 FY15

PAT Margin

EBIT Margin

19.5%
16.2%

Q3 FY15

Q3 FY16

11.9%
9.3%

Q3 FY16

Q3 FY15

* Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

Q3 FY16

Industry Potential Our Positioning

Positive Outlook
Rubber Consumption

2022 Consumption Breakup

Millions of MT

Millions of MT

38

+42%
38

15

35

23

33

31
29
28
27

2013

2014

2015

2016

2018

2020

2022

Tyres

General
Rubber Goods

Total

Rubber Chemicals constitute ~3% of the Rubber Consumption

Source : International Rubber Study Group (March 2015)

Outlook On Tyre Industry

Domestic Tyre Industry
Rs. In Bn
+12%
522
468
425
382
301
255

250

FY08

FY09

FY10

321

FY11

343

FY12

FY13

FY14

FY15

FY16E

According to ICRA Domestic Tyre Industry is expected to grow by 4%-6% over 3 years
Source : ATMA & ICRA Report Jan 2016

Our Positioning...
Rubber Chemicals is a critical input for Rubber application Industry
With large and wide variety of products, NOCIL is one stop shop for almost all
rubber applicable industries
One of the most dependable and sought player in Rubber Chemical Industry from
Non China Supply source

Diversified
Product
Portfolio

Strong R&D
Capabilities

High Concentration & Continuous R&D initiatives

NOCIL has a strong pipeline of New Generation Rubber Chemicals

Major Tyre companies have started consolidating their operations in & around Asia
closer to the Growth Markets
With established track record, NOCIL will benefit the most from any additional
capacities being put up by these tyre Companies in India

Customers take from 6-18 months to give approval for a specific location under
specific climatic conditions & same is carried out for various locations globally
With Product Pipeline and requisite Customer accreditations, NOCIL is a Supplier
of Choice

Asia
Hub for Tyre
Industry

Product
Testing &
Validation

10

.....to Encash Opportunities

Manufacturing Capacities
Capacities at Thane & Dahej
Land & Common Infrastructure available for further expansion at Dahej

Exit of Global Giants

Large Diversified Groups - Rubber Chemicals as only a Small Contributor
Exiting the Non Core Business as a Cost Cutting Measure

Troubles faced by Domestic/International Peers

Gain
Market Share

Environmental Issues
Technological Upgradation

Vendor Consolidation
Only few players meet Manufacturing Standards and Quality Requirements
Preferred Supplier and Long Term Business Relationships with Customers
11

Key Strengths
Dependable
Player in
Rubber
Chemicals
Industry

Strong
Customer
Relationships
with good
Technical
Support

Experienced
Management
Team

Wide Product
Range

Pipeline of
New
Generation
of Rubber
Chemicals

Sufficient
capacities at
Strategic
Locations

12

Financials

Operating Leverage Playing Out

Net Revenue

173
143

134

Value Addition*

177

EBITDA Margin

190

186

181

170

PAT Margin

41%

39%

49%

52%

17%
9%

19%

21%

10%

12%

Q1FY16

Q2FY16

Q3 FY16

49%

47%

47%

45%

18%
9%

17%
9%

Q3FY15

Q4FY15

41%

7%
0%

9%
4%

14%
6%

12%
6%

12%
6%

15%
7%

Q1FY14

Q2FY14

Q3FY14

Q4FY14

Q1FY15

Q2FY15

Rs. In Crores

177

146

48%
37%

175

*Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

14

Reduction in Finance cost

-50.7%

-38.7%

4.2

12.7

7.8
2.1

Q3 FY15

Rs. In Crores

Q3 FY16

9M FY15

9M FY16

15

Profit & Loss Statement

Rs. In Crores

Q3FY16

Q3FY15

Revenue from Operations

170.18

177.11

181.37

Cost of Material Consumed

75.55

94.46

82.60

Purchase of Stock-in-trade

0.90

1.15

0.78

Changes in Inventories

4.93

-1.75

8.61

Value Addition*

88.80

83.25

Value Addition (%)

52.2%

47.0%

49.3%

Employee Expenses

14.12

12.16

14.32

Other Expenses

38.87

39.66

41.15

EBITDA

35.81

31.43

EBITDA Margin (%)

21.0%

17.8%

18.7%

Other Income

0.79

0.63

0.40

Depreciation

3.46

3.40

3.44

EBIT

33.14

28.66

EBIT Margin (%)

19.5%

16.2%

17.0%

Finance Cost

2.08

4.22

2.61

Profit before Tax

31.06

24.44

Tax

10.87

7.96

Profit After Tax

20.19

16.48

PAT Margin (%)

11.9%

9.3%

* Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

Y-o-Y

7%

14%

16%

27%

Q2FY16

Q-o-Q

89.38

33.91

30.87

28.26

6%

7%

10%

9.99
23%

18.27

11%

10.1%

16

Profit & Loss Statement

Rs. In Crores

9M FY16

9M FY15

Y-o-Y

FY15

Revenue from Operations

537.56

528.94

2%

719.00

Cost of Material Consumed

239.63

335.77

434.12

Purchase of Stock-in-trade

2.68

2.74

3.84

Changes in Inventories

33.07

-50.93

-49.39

Value Addition*

262.18

241.36

Value Addition (%)

48.8%

45.6%

46.0%

Employee Expenses

42.64

36.05

48.10

Other Expenses

118.90

125.56

170.45

EBITDA

100.64

79.75

EBITDA Margin (%)

18.7%

15.1%

15.6%

Other Income

2.78

3.76

3.89

Depreciation

10.28

10.22

13.60

EBIT

93.14

73.29

EBIT Margin (%)

17.3%

13.86%

14.2%

Finance Cost

7.80

12.73

16.51

Profit before Tax

85.34

60.56

Tax

30.13

20.91

Profit After Tax

55.21

39.65

PAT Margin (%)

10.3%

7.5%

* Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

9%

26%

27%

41%

330.43

111.88

102.17

85.66
28.90

39%

56.76
7.9%

17

For further information, please contact:

Company :

Investor Relations Advisors :

NOCIL Ltd.
CIN: L99999MH1961PLC012003
Mr. P.Srinivasan - CFO
finance@nocil.com

Strategic Growth Advisors Pvt. Ltd.

CIN: U74140MH2010PTC204285
Ms. Payal Dave / Ms. Neha Shroff
dpayal@sgapl.net / sneha@sgapl.net

http://www.nocil.com/

www.sgapl.net

18