nitin fire protection industries limited investor presentation sept 02, 2011

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NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

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Page 1: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

NITIN FIRE PROTECTION INDUSTRIES LIMITED

Investor Presentation

Sept 02, 2011

Page 2: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Nitin Fire Protection Industries Limited (”Company”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

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 or in reliance upon the information contained herein. This presentation is not a complete description of the Company. Certain statements in the presentation and, if applicable, the subsequent question and answer session and discussions concerning Company’s future growth prospects, are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. These risks and uncertainties include, but are not limited to, successfully implement our strategy, our growth and expansion, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation has been prepared solely by the Company. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.

The figures for FY 2007, FY 2008, FY 2009, FY 2010 and FY 2011 are derived from the audited consolidated financial reports.

This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Nitin Fire Protection Industries Limited (”Company”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

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 or in reliance upon the information contained herein. This presentation is not a complete description of the Company. Certain statements in the presentation and, if applicable, the subsequent question and answer session and discussions concerning Company’s future growth prospects, are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. These risks and uncertainties include, but are not limited to, successfully implement our strategy, our growth and expansion, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation has been prepared solely by the Company. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.

The figures for FY 2007, FY 2008, FY 2009, FY 2010 and FY 2011 are derived from the audited consolidated financial reports.

The Company accepts no liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or in any other manner disseminated.

The Company accepts no liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or in any other manner disseminated.

Disclaimer

2

Page 3: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• One of the leading and established players in the area of fire protection and Fire suppression systems and Building Management systems.

• Promoted 25 years ago by Mr. Nitin M. Shah with a strong domain expertise in the fire protection business

• Providing range of products and services

o Basic level fire extinguishers to the sophisticated fire protection & security systems and building management solutions

o High pressure seamless cylinders for CNG and Industrial applications

NITIE 1230 Fire Suppression System

Fire Extinguishers Smoke Detector Fire Alarm Control Panel

CNG Gas Storage Cascade

Industrial Cylinders

Company Overview

3

• 11.11% share in a JV with GSPC, HPCL, BPCL, GAIL and other consortium partners, for oil exploration in Rajasthan State

• Strong financial growth with Revenues growing from INR 1,005 mn in FY 2007 to INR 4378 mn in FY 2011 registering a CAGR of around 44 %

Page 4: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Established

• Successful bid for NELP VI in Rajasthan

• IPO – Listed at BSE & NSE

• Acquisition 40% stake in New Age Co. LLC in UAE

1995 2007 2008 2009 2010

• Further Acquired substantial stake in New Age Co. LLC in UAE

• Forbes Award – Listed on Forbes Asia for best under a billion for the year 2010

• Forbes Award – Listed on Forbes Asia for best under a billion for the year 2009

• Entered into JV for existing Cylinder manufacturing business with Worthington Industries Inc.

• Certificate to act as Licensing agency by State Govt.

2011

Milestones

4

Page 5: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Fire Protection & Security Solutions

High Pressure Seamless Cylinders

Oil Exploration

Business Activities

5

Page 6: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

6

• One of the country’s leading end-to-end solutions provider of fire protection, safety and security services

• Strong track record of executing projects for more than 18 years• Primarily focused on Gas based suppression systems for mission critical areas• Range of products approved by domestic and international agencies

o Only Indian Company to have 86 approvals from Underwriters Laboratories Inc., USA; Loss Prevention Certification Board, U.K. and VDS, Germany

• Servicing marquee clients in the field of telecom, data centres, refineries, offshore oil platforms and institutions like BSE

• Strong domain expertise in designing, integration, supply, installations, testing, commissioning and servicing of various types of fire protection systems & solutionso Facility at Navi Mumbai and Vishakhapatnam for integration of various fire protection solution

including fire extinguishers• Fire protection equipments sold under the brand name “NITIE”.• Government of Maharashtra, Directorate of Maharashtra Fire Services has granted the licence under the

provisions of Sub-Section (3) of Section 9 of the Maharashtra Fire Prevention and Life Safety Measures Act, 2006 (Mah. III of 2007) to act as a Licensed Agency for the purposes of Fire Prevention and Life Safety Measure in relation to :- o Fire Fighting System Installation such as hydrants, sprinklers, pumping etco Detection and Fire Suppression System o Passive Protection such as cable protection, fire doors etc

Business Activities

Fire Protection & Security Solutions

Page 7: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Fire Alarm Systems Conventional & Intelligent Addressable Ionization Smoke Detectors, Optical Smoke Detectors, Optical Beam Detectors, Heat Detectors, Multi-sensor Detectors, Flame Detectors, Video smoke Detectors, Carbon Monoxide Detectors, Manual Call Points, Fire Alarm Control Panel

Fire Suppression System Wet Chemical based, Kitchen Fire Suppression Systems, Water Leak Detection Systems, Gaseous Fire Suppression Systems (HFC 227ea , NOVEC™1230, CO2 and other inert gases), Foam based Fire Suppression Systems, Water based Fire Protection Systems (Hydrant and Sprinkler)

Fire Extinguishers Ozone Friendly Clean Agent Fire Extinguishers, ISI marked BC - Dry Chemical Powder and ABC Dry Chemical Powder Fire Extinguishers, ISI marked Carbon Dioxide, Extinguishers, Water CO2, Mechanical foam etc

Intelligent Building and Security Management Systems

Access control, CCTV, Perimeter Defense, Barrier controls, Turnstiles

Products

0250500750

1,0001,2501,5001,7502,0002,2502,5002,7503,000

FY 2007

FY 2008

FY 2009

FY 2010

FY 2011

Rs. I

n M

illio

ns

Business Activities

7

o Sales of INR 2,990 mn for FY 11 accounting for 68% of our total revenues

o CAGR of 53% from FY 2007 to FY 2011

Fire Protection & Security Solutions

Page 8: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

8

High Pressure Seamless Cylinders

Fire Protection & Security Solutions

Oil Exploration

Business Activities

Page 9: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Manufacturing and supply of High Pressure Seamless Cylinders for CNG and Industrial applications

• Catering to both domestic and export markets

• Integrated manufacturing facility located at Vishakhapatnam SEZ (A.P.) with an installed capacity of 500,000 cylinders per annum

• 38 Domestic and international approvals

• The Company has entered into Joint Venture agreement for existing Cylinder manufacturing business with Worthington Industries Inc.

• Worthington Industries Inc., is the world’s leading global supplier of high pressure cylinders, which strives to continually deliver solutions to its customer that exceed their expectations in quality, services and value

CNG Cylinders (20 - 250 litre)(Dia: 200 - 420 mm)

For all kind of light, medium & heavy vehicles such as three wheelers, cars, buses and Trucks

Industrial Cylinders (3- 80 litre)(Dia: 108 - 267 mm)

For industrial gases, fire fighting and beverage application, medical applications etc

Business Activities

9

High Pressure Seamless Cylinders

Products

Page 10: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

10

Oil Exploration

Fire Protection & Security Solutions

High Pressure Seamless Cylinders

Business Activities

Page 11: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Entered into a production sharing contract for exploration and prospecting of a crude oil block in Rajasthan (NELP VI)

• GAIL and GSPC are the main operators for the block and HPCL, BPCL and Hal worthy are other consortium members.

BPCL, 11.11%

GAIL, 22.22%

Halworthy, 11.11%

GSPC, 22.22%NFPIL, 11.11%

HPCL, 22.22%

Business Activities

11

Oil Exploration

• As per recent estimates this block has a potential of 32.3 million barrel of prospective four wells of oil reserve (Source: GSPC DRHP)

• NFPIL has 11.11% share in a JV with GSPC, HPCL, BPCL, GAIL and other consortium partners, for oil exploration in Rajasthan State RJ 19

• Rig building is in progress at location C, consent to establish (CTE) granted by RSPCB Jaipur for location A and C

• As on March 31, 2011, Company has invested ~INR 151 mn

Page 12: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Alert Fire Protection Systems Pvt Ltd *

Logicon Building Systems Pvt Ltd *

Nitin Global Pte Ltd,

Singapore

Nitin Ventures FZE, UAE

Worthington Nitin

Cylinders Limited##

Eurotech Cylinders

Pvt Ltd

NITIN FIRE PROTECTION INDUSTRIES LIMITED

New Age Company LLC, UAE #

100% 100%100% 100%100% 100%100% 100%100%40%40%

*Under Amalgamation# Controlling Interest## Joint venture

*Under Amalgamation# Controlling Interest## Joint venture

Corporate Structure

12

Page 13: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Leading Fire Protection Company

Marquee ClientsEnd-to end solutions

provider

International presence Strong execution track record

Strong Tie upsHigh quality standards

backed by domestic and international approvals

NFPIL

Strengths

13

Page 14: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

The industry can be classified into three categories:

• Fire Suppression Systems

oGas based systems used for protection of high value equipments and critical assets

oClean agent gas based protection for Critical assets like server rooms and data centers

•Fire Detection Systems

oThese consist of Intelligent & conventional systems

oLatest systems use specialized cameras as detectors

oThese systems can be programmed through internet

•Fire Fighting Systems

oWater based fire fighting systems for building protection

oHydrant Sprinklers

The industry can be classified into three categories:

• Fire Suppression Systems

oGas based systems used for protection of high value equipments and critical assets

oClean agent gas based protection for Critical assets like server rooms and data centers

•Fire Detection Systems

oThese consist of Intelligent & conventional systems

oLatest systems use specialized cameras as detectors

oThese systems can be programmed through internet

•Fire Fighting Systems

oWater based fire fighting systems for building protection

oHydrant Sprinklers

-5

10 15 20 25 30 35

2006 2009 2013 (P)

CAGR: 25%

CAGR: 18.6%

Fire Protection Industry – Size and GrowthFire Protection Industry – Size and Growth

Future Outlook:

In 2010, the fire protection equipment industry was estimated to be INR 25 bn and is expected to reach INR 45 bn by 2013, a CAGR of 25%

Key Growth drivers:

• Increasing investments in Data Centers, BPOs, Malls, R&D, Power/Petrochemical, Telecom and IT

• Terrorist Threats

• Government Regulations

Key Competitors:

• Honeywell, Firepro, Siemens, Tyco, Johnson Controls, UTC and Mini Max

* Internal Sources for estimates

Industry Overview: Fire Protection Equipment

14

Page 15: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• High Pressure Seamless Cylinders, based based on their application, can be broadly classified into: Industrial Cylinders and CNG Cylinders.

• Industrial Cylinders cater to gases, healthcare, food & beverage, fire fighting, welding, chemicals, energy industry, metallurgy, defence, space research, etc.

• CNG cylinders cater to automobile sector as onboard CNG cylinders.

• Global players include Worthington (Austria), Luxfer (UK, USA, Australia), Faber (Italy), NK (Korea), Dynetek (Canada), Beijing Tianhai Industry Company (China), Mannesman Cylinder Systems Limited (Germany), Argentoil (Argentina), Cilbras (Brazil), etc

• Indian players include Everest Kanto Cylinders, Rama Cylinders and Nitin Fire.

• High Pressure Seamless Cylinders, based based on their application, can be broadly classified into: Industrial Cylinders and CNG Cylinders.

• Industrial Cylinders cater to gases, healthcare, food & beverage, fire fighting, welding, chemicals, energy industry, metallurgy, defence, space research, etc.

• CNG cylinders cater to automobile sector as onboard CNG cylinders.

• Global players include Worthington (Austria), Luxfer (UK, USA, Australia), Faber (Italy), NK (Korea), Dynetek (Canada), Beijing Tianhai Industry Company (China), Mannesman Cylinder Systems Limited (Germany), Argentoil (Argentina), Cilbras (Brazil), etc

• Indian players include Everest Kanto Cylinders, Rama Cylinders and Nitin Fire.

Future Outlook:• Key demand driver for industrial cylinders is industrial gases, whose demand is set to grow at 5-6% y-o-y during 2006-12. The demand for cylinders is expected to show the same trend.

•Total number of CNG vehicles, including new vehicles and replacements, expected to reach 50 mn in 2020 as compared to 8.5 mn in 2007-08, a CAGR of 16% as per IANGV (International Association for Natural Gas Vehicles).

Key factors driving growth: •Incentives provided by governments of various countries including India for conversion to and use of CNG vehicles.

•Increased environmental awareness and global warming concerns leading to a move towards more eco-friendly CNG powered vehicles.

•Key manufacturing bases outside the developed markets are in India and China. The entire demand from growing markets of GCC, Iran and Egypt is fully catered through imports, as there is no local production.

•Demand in South East Asian regions such as Myanmar, Malaysia, Thailand, Indonesia etc is met through imports due to absence of any domestic or regional production base.

Future Outlook:• Key demand driver for industrial cylinders is industrial gases, whose demand is set to grow at 5-6% y-o-y during 2006-12. The demand for cylinders is expected to show the same trend.

•Total number of CNG vehicles, including new vehicles and replacements, expected to reach 50 mn in 2020 as compared to 8.5 mn in 2007-08, a CAGR of 16% as per IANGV (International Association for Natural Gas Vehicles).

Key factors driving growth: •Incentives provided by governments of various countries including India for conversion to and use of CNG vehicles.

•Increased environmental awareness and global warming concerns leading to a move towards more eco-friendly CNG powered vehicles.

•Key manufacturing bases outside the developed markets are in India and China. The entire demand from growing markets of GCC, Iran and Egypt is fully catered through imports, as there is no local production.

•Demand in South East Asian regions such as Myanmar, Malaysia, Thailand, Indonesia etc is met through imports due to absence of any domestic or regional production base.

Industry Overview: High Pressure Seamless Cylinders

15

Page 16: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Growing economy leading to industrial growth

• Boost in infrastructure related projects in India

• Increased emphasis on safety and security, specially after the rise in terrorist attacks globally and in

India

• Intelligent Building Management industry becoming an integral part of the modern construction

expansion

• Revamping of Plants and Offshore oil Platforms

• Strong emergence of high growth verticals like Telecom, IT, Malls, multiplexes, retail chains etc.

• Government compulsion for upcoming and existing buildings to have fire protection systems

• Fire act being considered and to be implemented strongly across the country starting with

Maharashtra

Growth Drivers

16

Page 17: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Growth through

Acquisitions

Developing Alliances &

Tie-up’s

Expand Distribution

& Sales Presence

Increase Market Share

Growth Strategy

17

Page 18: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Led by a highly disciplined and

motivated team of professionals

Board members are from diverse backgrounds

Led by a highly disciplined and

motivated team of professionals

Board members are from diverse backgrounds

Rahul N. Shah – Experienced in commissioning and installation of Fire Detection and Alarm Systems, Gas Suppression Systems. All import transactions & dealings are done under his supervision.

Nitin M. Shah – Promoted Nitin Fire Protection Industries Limited. Expanded company operations over the years and currently looks after overall business activities

EXECUTIVE DIRECTORS

INDEPENDENT DIRECTORS

Dr. Surendra A. Dave – Is associated with various committees of Government of India dealing with reforms in the capital market, mutual funds sector, insurance sector and pensions.

Krishna Kant Jha - Was an Executive Director (Health, Safety & Environment) of Gas Authority of India Limited and has a total experience of 40 years in the areas of project management, operations and maintenance, administration and health, safety and environment related activities.

Ramakant M. Nayak – Is associated with various banking and advisory companies through which he actively contributes in areas of banking, finance, economy, human resources, business strategy and risk management.

CHAIRMAN & MANAGING DIRECTOR

NON-EXECUTIVE DIRECTORSK. H. Vaidyanathan - Responsible for all technical negotiations with suppliers and customers for cylinders and allied items.

Kunal N. Shah –Experience in development and design of CNG dispensers for CNG fuel vehicles. He has also played an important role in setting up High Pressure Seamless Cylinder manufacturing unit.

Board of Directors

18

Page 19: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Mukesh Ajmera – Associated with the company since its inception, he has an extensive experience in the existing industry. Currently, as the Vice President of the marketing department of the Company, he is responsible for overall marketing operations in the systems division as well as marketing of other products and services offered by the Company

Gopal Krishna Shahi – Associated with the Company for more than a decade, he is an experienced professional in the field of fire protection and safety equipments. Currently, he is in charge of the technological development of products and technical negotiations with customers, in respect of turnkey and general fire safety products.

Pravin Shah – An electrical engineer with 35 years of experience, he is currently the Technical Director, taking care of international approvals for various products and systems, technical support to sales, marketing and installation teams, vendor development, training to technical staff and quality system management.

Partho Roy – With more than 26 years of work experience in the area of IT, fire and safety, he is currently responsible for framing of policies and procedures, preparation, execution and implementation of long and short term business plans, recruitment, training and deployment of personnel, achieving corporate objectives and complying with statutory requirements.

Kulbir Singh Sadhu – Holds a Master’s degree in Science (Physics) with a specialization in electronics. He has a work experience of 33 years in the area of fire detection, alarm and automatic gas suppression systems, sound reinforcement and public address systems, electronic systems and building management systems and is currently heading the technical department of the UAE subsidiary.

Mony Narayan – With over 32 years of experience in the area of fire detection and suppression, he holds a Master’s degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur. He is currently, the CEO of the Green Technology Division of the Company.

Managed

by a highly

qualified

team with

an

extensive

experience

in the

industry

Managed

by a highly

qualified

team with

an

extensive

experience

in the

industry

Key Managerial personnel

19

Page 20: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Financial Updates 2010 - 11

• Board of the Directors of the Company has recommended to pay dividend of Rs. 1/- (i.e. 50%) per share on Equity shares of the company, subject to approval of shareholders.

• The Company has sub-divided (Split) existing equity shares of Rs.10/- each fully paid up into 5 equity shares of Rs.2/- each fully paid-up.

• The Company has appointed M/s Haribhakti & Co, Chartered Accountants as statutory Auditor for the year 2010-11.

PATStand alone INR 237mn (16.19%)

Consolidated INR 534mn (12.19%)

SALESStand alone INR 1465mn, 293.2mn

Consolidated INR 4379 mn.1614.5mn

PBDIT Stand alone INR 336mn (22.93%)

Consolidated INR 800mn (18.28%)

SEGMENT SALESFire Protection Business 68.29%,

Cylinders Business 31.71%

20

Page 21: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Q1 FY12 Update

• Consolidated Revenues stood at Rs.1614.5 mn, up 80% compared to the corresponding quarter last year.

• Net Profit rose significantly at Rs. 236.4 mn, up 145.5% compared to the corresponding quarter last year on the consolidated basis.

• EBIT stood at Rs. 261.6 mn compared to Rs.115.9mn in Q1FY11, registering a growth of 125.7 % on the consolidated basis.

• Fire Protection business accounted for ~ 85 % of the total sales while the cylinders contributed ~15 %.

• Domestic sales witnessed growth of 32.2 % to Rs. 420.7 mn from Rs. 318.1 mn in Q1FY11. Comparatively the growth in International Business was robust at 106% to Rs. 1193.8 mn over Rs. 579.1 mn in the corresponding quarter last year.

21

Page 22: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Business Updates 2010 - 11

• Rig building is in progress at location C, consent to establish (CTE) granted by RSPCB Jaipur for location A and C. As on March 31, 2011, Company has invested ~INR 151 mn.

• The Company has received Underwriters Laboratories (UL) Certificate for Centrifugal Fire Pump for commercial and industrial use

• The Company has entered into Joint Venture agreement for existing Cylinder manufacturing business with Worthington Industries Inc.

• Government of Maharashtra, Directorate of Maharashtra Fire Services has granted the licence under the provisions of Sub-Section (3) of Section 9 of the Maharashtra Fire Prevention and Life Safety Measures Act, 2006 (Mah. III of 2007) to act as a Licensed Agency for the purposes of Fire Prevention and Life Safety Measure in relation to :-

• Detection and Fire Suppression System• Fire Fighting System Installation such as hydrants, sprinklers, pumping etc• Passive Protection such as cable protection, fire doors etc

22

Page 23: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Business Updates 2010 - 11

• The Company has filed application to the Hon. High Court, Mumbai on May 16, 2011 for amalgamation of Logicon Building Systems Private Limited and Alert Fire Protection Systems Private Limited with the Company.

• The Company has acquired substantial holding in Dubai based New Age Company LLC(NA).

• NA was established in 1976 at UAE, having offices in Abu Dhabi, Dubai and Sharjah with experience in Installation in seven emirates. NA has also got major Overseas Licenses along with Local Licenses. NA has done various project with Airport Authorities, Municipal Board, Telecommunication sites, Ministry of Education and Civil Defense etc.

• The Company has received Forbes Asia 2010 Under A Million Award. Second consecutive Award the company has been honored with this Award.

23

Page 24: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Major Approvals - Global UNDERWRITERS LABORATORIES

LOSS PREVENTION CERTIFICATION BOARD

FACTORY MUTUAL

EUROPEAN CONFORMITY

VDS SCHADENVERHUETUNG

NATIONAL FIRE PRTOECTION ASSOCIATION

BSI KITEMARK

BUREAU OF INDIAN STANDARDS

Page 26: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

0.47 0.470.69 0.63

0.78

0.00

0.50

1.00

0500

1000150020002500

FY08 FY09 FY10 FY11 Jun-11

Debt DER

13242460

3139

4379

1614

01,0002,0003,0004,000

FY08 FY09 FY10 FY 11 Jun-11

Sales

Board of Directors has recommended Bonus Shares, in the proportion of 5 (five) Bonus Shares for every 2 (Two) Shares.Board of Directors has recommended Bonus Shares, in the proportion of 5 (five) Bonus Shares for every 2 (Two) Shares.

Rupees in MillionsRupees in Millions

285 518 606 800

296 194 316

386 534

236

0.00%5.00%10.00%15.00%20.00%25.00%

-200 400 600 800

1,000

FY08 FY09 FY10 FY11 Jun-11

EBITDA PAT EBITA Margin PAT Margin

Audited Financials

26

Page 27: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Shareholding & Key Market Data

Others, 13.5%

Promoter Group, 70.2%

FII, 11.8% DII, 3.1%FI/ Banks,

1.44%

as on Sept 02, 2011

Particulars as on 02/09/2011 Rs.

CMP (BSE) 125.05 Market Cap (Rs. mn) 7878.20

Face Value (Rs.) 2.00

Shareholding Pattern

Institutional Holdings

Market Information

Name of the Shareholder %

Orange Mauritius Investment Limited 4.68%

Swiss Finance Corporation (Mauritius) Limited 3.01%

Emerging India Focus Funds 1.72%

Kotak Mahindra Investments Limited 1.64%

VCM Ltd. Mauritius 1.51%

General Insurance Corporation Of India 1.44%

Others 0.89 %

Total 14.89%

27

Page 28: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Introduced environmentally clean ozone friendly gas suppression system and successfully executed more than 45 projects within span of 12 months which includes users like Wipro, TCS, HP, Tulip , IIT, Aircel, Uninor , ONGC, etc.

• Introduced standalone battery operated smoke detector for domestic use

• Fire detect is a specialized system which identifies and extinguishes fire within electrical cabinet and small enclosures

Innovative Products and Services

28

Page 29: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Successfully completed 25 years of operation

• Track record of executing large scale projects onshore and offshore

• More than 5000 direct installation on Pan India basis and more than 100000 indirect installation done through various contractors

• Repeated business from reputed customers based on our services and performances

• Brand Recognition and acceptability by consultants, end users and contractors

• Complete range of solutions from portable extinguishers, fire protection solutions including hi-tech fire alarm systems along with Gas suppression system and finally IBMS

Competitive advantage

29

Page 30: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Within the growing demand of Fire protection and our products matching international standards, We have already expanded our reach into countries like – Singapore, Indonesia, Malaysia, Afghanistan, Saudi Arabia, Qatar, Bahrain, Spain, England and Bangladesh to name some

• Looking at new geographies and strengthening into above geographies where we have already present

Global Business Module

30

Page 31: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

• Company enjoys good margins and has no long term borrowings thereby keeping enough room in the balance sheet for any expansion or growth opportunities

• With most of business coming out from large Corporate houses and Government we had very small amount of write offs which add to the value of balance sheet

Commercial Strengths

31

Page 32: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Shareholder update

• Over 14,000 share holders since its listing in 2007

• Paying dividends at regular intervals with a growing percentage

• As a shareholder, every individual is contributing in making country safe from the fire disasters

32

Page 33: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Social Responsibility

The company has been donating each year a percent of its profit for upliftment of the society by –

• Introduced environmentally clean Ozone friendly gas suppression system and successfully executed

• Providing basic necessity and also fire protection equipment to social houses, hospitals and temples

• Funding eye camps for underprivileged society

• Providing insurance policies for employees families

• Providing Scholarships for higher education

33

Page 34: NITIN FIRE PROTECTION INDUSTRIES LIMITED Investor Presentation Sept 02, 2011

Thank YouThank You Corporate Headquarter

501, Delta, Technology Street,

Hiranandani Gardens, Powai, Mumbai 400 76. INDIA

Tel.: +91-22-4045-7000 Fax: +91-22-2570-1110

[email protected] http://www.nitinfire.com

Corporate Headquarter

501, Delta, Technology Street,

Hiranandani Gardens, Powai, Mumbai 400 76. INDIA

Tel.: +91-22-4045-7000 Fax: +91-22-2570-1110

[email protected] http://www.nitinfire.com 34