Disclaimer: All information contained in this presentation have been obtained from sources believed to be

accurate by the author. While reasonable care has been taken in preparation, the author makes no

representation or warranty, express or implied, as to accuracy, timeliness or completeness of any such

information. All information should be considered solely as statements of opinion of the author, and NFIL

will not be liable for any loss incurred by users from any use of the contents of this presentation.

NAVIN FLUORINE INTERNATIONAL LIMITED

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Navin Fluorine is part of the re-knowned ARVIND MAFATLAL group in India which is over 100 years old Corporate Enterprise

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Our Background & Mafatlal Group

NOCIL Ltd, Mfg plant, Dahej

NFIL, New Fluorochemicals Plant, Dahej

NFIL, Mfg Plant, Pilot, R&D centre Surat

Mafatlal Industries Ltd, Ahmedabad

Mafatlal Industries Ltd, Textile unit, Nadiad

Mafatlal Industries Ltd, Textile unit, Navsari

Mafatlal Denim Ltd, Mfg plant, Navsari

AMG Headquarters, Mumbai

NOCIL Plant, Thane – Near Mumbai

NFIL – Branch Offices – New Delhi, Chennai,

Hyderabad; Head Office – Mumbai

NFIL, Mfg Plant, cGMP Pilot, Dewas

Mafatlal Group – Established in 1905,

NFIL – Established in 1967

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ARVIND MAFATLAL GROUP

NOCIL LTD N F I L Mafatlal Ind. Ltd

� Leading manufacturer

of rubber chemicals � Business units include:

Refrigerants, Specialty

Chemicals and Bulk

Fluorides and CRAMS

� Co. produces 100%

cotton and cotton/

polyester blends

� Manufactures and

markets denim fabric

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NFIL’s Production Units

Surat, India Dewas, IndiaNFIL UK LTD, UK

� Integrated Fluoro

Chemical Complex

� CRAMS Business

� Catering to world

leaders in Pharma with

Fluoro molecules

Dehej, India

Integrated Fine

Fluoro chemical

Complex.

Fully Integrated Fluoro Chemical Facilities

� Manchester Organics Ltd

� In CRO Business, catering

to world leaders in Pharma

Heading txtNAVIN FLUORINE INTERNATIONAL LIMITED

Refrigerant Gases

Bulk Fluorides Specialty Chemicals

CRAMS

� R-22 � Intermediates for

Life sciences,

� BF3 Gas

� HF

� NaF

� ABF

� KF

� For Pharma

applications

Fluorspar

HF

HCFCs

Refrigeration

AlF3

Aluminium

BF3

Pharmaceuticals

& Agrochemicals

Polymers

KF

Inorganic Fluorides

Fluoroaromatics

Fluoro-aliphatics

TFA,TFE

Ceramics, Glass

Fluorine Chemistry – at Navin

NAVIN FLUORINE INTERNATIONAL LIMITED

� Acidspar is imported into India by NFIL,GFL,SRF &

Tanfac

� AHF is produced by NFIL,GFL,SRF & Tanfac in India� R-22 is produced by NFIL,GFL & SRF, HFL & Chemplast� HFC-134A is only produced by SRF in India� PTFE is only produced by GFL in India

Heading txtR-22 Capacities KTA• Domestic demand & Exports

� Window AC’s are the major consumers of R-

22

� Demand of new AC’s and Service segment

will drive the demand of R-22

� Domestic consumption of R-22 is about 10

KMT

� India exports about 20KMT of R-22 to Saudi,

UAE, Bahrain, Nigeria, Vietnam, Oman, Qatar,

Jordan, Philippines, Kuwait, Thailand, Brazil,

Iran, EgyptTotal-

45KMT

NFIL-9KMT

SRF-11KMT

GFL-20KMT

� GFL consumes large quantities of R-22 Captive, for making PTFE� Excludes capacities of Hindustan Fluorocarbon and Chemplast

Source: R22 capacities from CDM Documents

R-22 Scenario in IndiaR-22 Scenario in India

Average 6% increase in Domestic consumption expected from 2016

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Fluorspar Demand……

Not a Good Year for all of us

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India’s Consumption of Fluorspar

Fluorspar requirement till July was within the estimated production.

However, the requirement slowed down from August 2015

Estimated consumption for 2015 would be 90000DMT only

All comparison is April-March

2013 2014 2015 (Apr-Aug)

Acid Spar Quantity DMT 96107 116641 58942

Others Quantity DMT 19702 24894 8048

Briquetts Quantity MT 4968 6827 1695

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Who is exporting more to India

1China's export to India is reducing

2Thailand is a dominant player in India now

3South Africa/Kenya /Vietnam are emerging suppliers.

Important

Quantity % Imports Quantity % Imports Quantity % Imports

China 65778 68 57862 50 25040 42

Others 30329 32 58779 50 33902 58

SA/KENYA/VIETNAM/THAILAND

96107 116641 58942

2013 2014 2015 till August

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What is the Market now for HF?

Overall, consumption of Fluorspar to be down by 20 % in 2015.

R-22 PRODUCTION DOWN BY 20% DUE TO COMPETITIVE PRICES OFFERED FROM CHINA

RUPEE DEVALUATION TO THE EXTEND OF 10%, WHICH AFFECT LANDED COST.

1 Steel Industry

Uses

Briquetts/DHF/Lumps/Metspar

Overall production is low in India.

Production down by 20% compared to 2014

2 Agrochemical Uses Speciality Fluoro-chemicals

Slowdown, Orders down by 15% compared

to 2014 demands

3 Pharmaceuticals Uses Speciality Fluoro-chemicals Stable, no increase in demand

4 Refrigerants R-22

Market Down: Middle East countries now

requires Import Permits. Under tremendous

pressure on Prices.

Heading txtAcid Grade Fluorspar Prices

Fluorspar prices has been under pressure from the beginning

Import from China from April to August at $320/PMT CIF to 235 PMT.

Weighted

Average CIF 2013 2014 2015

Rate/MT/CIF 381 321 252

Heading txtProduction & Demand R-134

Domestic Demand : 7000 MT

Domestic Production : 5000 MT

Imports : 2000 MT

# SRF is the only Manufacturer in India

# SRF’s Production capacity is 10000MT

Mexichem supplies Medical Grade 134 in India.

Press reports indicated that SRF brought Dupont’s

Pharmaceutical Propellant business. SRF will introduce

Medical Grade 134A in India

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� India is slowly shifting procurement to other countries

� Multiple supply sources have been identified. Major imports are from

� South Africa

� Thailand

� Kenya

� Vietnam

� China

� However, 45% of imports are still from CHINA. Chinese quality still superior than the other

location in view of Arsenic Content/Mesh Sizes for Indian HF Manufacturers.

� NFIL, GFL and Gujarat Mineral Development Corporation has formed a Joint

Venture Company to jointly develop Fluorspar mines. The project is on and may

take another 3 years for production of Acid Grade Spar.

Is India Dependent on Chinese Fluorspar

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�Sustainable growth in Refrigerants, Specialty Intermediates & Inorganic Fluorides will drive the Fluorspar consumption

�More and more value addition of Fluorspar will be seen in the SpecialityFluorochemicals as India is strengthening its foot prints in the global market

�India is in the process of developing new Fluorspar sources. Another focus area will be to strengthen the relationships with Fluorspar suppliers globally and enter into long term Business relationships

Key takeaways

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Thank you

Navin Fluorine International Ltd