Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2018 Earnings Presentation
23 slides from Finolex Industries's earnings presentation
Slide 1: Finolex Industries Limited Q4FY18 Results
FINOLEX INDUSTRIES LIMITED Q4FY18 RESULTS
Slide 2: Business Performance – Q4FY18
Business Performance – Q4FY18 * Including inter segment transfer 2
Slide 3: Trend in Key Ratios – FY18
Trend in Key Ratios – FY18 EBITDA Margin* 10424 Gross Debt (INR Mn) 8394 21.6% 7466 7134 6371 16.7% 16.2% 16.3% 17.7% 11.9% 2117 11.0% 942 1007 8.5% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Debt/Equity (x) 1.60 1.20 1.20 0.90 0.80 0.13 0.04 0.04 FY11 FY12 FY13
Slide 4: Q4FY18 and FY18 Results Summary
Q4FY18 and FY18 Results Summary 20.4% Pipes and Fittings volume growth (FY18 over FY17) Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * Revenue (excl. duties and taxes) (INR Mn) EBITDA (INR Mn) PAT (INR Mn) Notes: Results for the quarter are better compared to the last three quarters mainly o
Slide 5: Profit & Loss Account – Q4FY18
Profit & Loss Account – Q4FY18 Particulars (INR Mn) Q4FY18 Q4FY17 Total Income from operations * 8,091 8,876 EBIDTA 1,879 1, 785 EBIDTA margin (%) 23.22% 20.11% Depreciation 156 139 EBIT 1,723 1,646 EBIT % 21.30% 18.54% Other Income 28 94 Finance costs 34 11 PBT 1,717 1,729 PBT % 21.22% 19.48% Tax 5
Slide 6: Profit & Loss Account - FY18
Profit & Loss Account - FY18 Particulars (INR Mn) FY18 FY17 Total Income from operations * 27.378 26,024 EBIDTA 4,839 5,630 EBIDTA margin (%) 17.67% 21.63% Depreciation 606 550 EBIT 4,233 5,080 EBIT % 15.46% 19.52% Other Income 254 243 Finance costs 98 153 PBT 4,388 5,170 PBT % 16.03% 19.87% Tax 1,4
Slide 7: EBITDA Bridge Chart Q4FY18
EBITDA Bridge Chart Q4FY18 (INR Mn) 1,879 1,785 1,153 IND AS EBIDTA Q4FY17 Sales Cost of material Employee benefit Other expenses EBIDTA Q4FY18 consumed expenses -30 -244 -785 7
Slide 8: Business Performance Trends
67693 83093 66125 62435 38266 39902 40966 56226 63982 PVC Volumes (MT) 76541 71518 74998 Pipes & Fittings Volumes (MT) 47246 40539 61514 71107 71759 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 72123 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 1000 1050 1100 700
Slide 9: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Total income from operations * 6,728 4,568 5,765 8,877 7,307 4,753 7,227 8,091 EBIDTA 1,592 870 1,296 1,785 1,306 496 1,133 1,879 EBIDTA margins (%) 23.7% 19.0% 22.5% 20.1% 17.9% 10.4% 15.7% 23.2%
Slide 10: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Segmental revenues * PVC 4,048 2,564 4,043 5,572 5,137 2,742 4,598 5,158 PVC pipes & fittings 5,829 3,628 3,954 6,191 6,104 4,250 5,320 6,827 Power 388 321 378 361 382 259 377 405 Segment
Slide 11: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* Revenue from Operations (excl. excise duty) 21,448 24,531 24,762 24,819 26,024 27,378 Growth in sales (YoY %) 2.15% 14.37% 0.94% 0.23% 4.85% 5.20% EBIDTA before exceptional items 3,587 3,966 2,111 4,044 5,
Slide 12: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY12 FY13 FY14 FY15 FY16* FY17* FY18* Equity and liabilities Share capital 1,241 1,241 1,241 1,241 1,241 1,241 1,241 Reserves and surplus 5,381 5,971 6,656 6,633 14,458 21,673 26,405 Long term borrowings 1,896 1,397 2,322 1,837 - - - Short term b
Slide 13: Key Strategies
Key Strategies EXPANDING FOOTPRINT CAPACITY EXPANSION CASH-N-CARRY BRANDING Expand distribution Increase installed Follow Cash-n-carry Promote brand and network in all geographies capacities of PVC pipes model to keep the quality consciousness with higher focus in the and fittings in order to balanc
Slide 14: Opportunities – Agriculture sector continues to be thrust area
Opportunities – Agriculture sector … continues to be thrust area Total allocation for Rural, Under the Pradhan Mantri Niti Ayog, in Extend facility of Kisan Agriculture sector is Rs.14.34 Krishi Sinchai Yojana, 48 consultation with Credit cards to farmers lakh crore. Institutional credit AIBP priori
Slide 15: Opportunities - Non-Agriculture sector, housing and infrastructure
Opportunities - Non - Agriculture sector i.e. housing and infrastructure … also continues to be thrust area Under the Prime Minister During the year, the Awas Scheme it is Swachh Bharat Mission Company tied-up with the proposed to complete (Gramin) has benefited all. American company Lubrizol constr
Slide 16: Offices, Works and Warehouses Distribution reach
Distribution reach Offices, Works and Warehouses • FIL is on track in terms of expanding its scale of operations by increasing production capacity and distribution reach • Wide network of 18,000 retail touch points Delhi Masar Indore Cu ack Pune Urse Ratnagiri Corporate Office at Pune Works Warehous
Slide 17: Branding & advertisements in Q4FY18 – some snapshots
Branding & advertisements in Q4FY18 – some snapshots FIL was the Presenting Sponsor Felicitation of Mr. Saurabh FIL merchandise store launch FIL was special event partner FIL was the proud sponsor of at NDTV Property Awards with Dhanorkar at the Brand Vision on corporate website along at Arijit Sing
Slide 18: Branding & advertisements in Q4FY18 – some snapshots
Branding & advertisements in Q4FY18 – some snapshots Participation at ISH India - Festive greetings to channel partners Participation in Agri Expo 2018 at Participation in Constro 2018 International International trade fair for plumbing, and employees Baramati, Pune Fair at Agricultural Ground, Pune
Slide 19: MMF activities in Q4FY18 – some snapshots
MMF activities in Q4FY18 – some snapshots FIL was awarded in the FIL and Sassoon Hospital, Pune alongside FIL and MMF partnered with Sassoon FIL and MMF with the support of prestigious category of ‘Best CSR Concern for Mental Health organised a 2 day Hospital, Pune to upgrade the Kherwadi Social Wel
Slide 20: Accolades and awards
Accolades and awards Finolex Pipes and Mukul Recently Awarded with The National Record Global CSR Excellence & India’s most Trusted Madhav Foundation was The Supply Chain certificate by The Limca Leadership Award at the Brand in the category recently awarded ‘Best CSR Enterprise Icon of the Book of
Slide 21: Shareholding Pattern as on March 31, 2018
Shareholding Pattern as on March 31, 2018 Others Promoters 34.63% 52.47% 4.36% Mutual Funds Foreign Portfolio Investors 8.54% 4.02% 21
Slide 22: Finolex Industries Limited contact
Agri Pipes and Fittings Column Pipes Casing Pipes ASTM Pipes and Fittings CPVC Pipes and Fittings Sewerage Pipes Solvent Cement SAFE HARBOR STATEMENT: No part of this presentation is to be circulated, quoted, or reproduced for any distribution without prior written approval from Finolex Industries L
Slide 23: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 1 Production in MT a PVC Resin 60,048 38,815 67,892 80,147 59,756 40,937 83,266 67,143 63,805 34,528 81,839 82,672 b PVC pipes & fittings 57,129 41,801 45,089 6