Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY2023 Earnings Presentation
22 slides from Finolex Industries's earnings presentation, September 2022
Slide 1: Finolex Industries Investor Presentation Q2 FY 2022-23
FINOLEX INDUSTRIES INVESTOR PRESENTATION Q2 FY 2022-23
Slide 2: Sales volumes maintain growth trajectory; sharp price correction impacted earnings
Sales volumes maintains growth trajectory; sharp price correction impacted earnings Q2 FY23 H1 FY23 Segment Revenue – Q2 FY23 Rs Cr Sharp correction Total revenue declined 13% Total revenue registered a in prices impacted y-o-y to Rs. 941 Cr from Rs. y-o-y growth of 4% to Revenues 1,083 Cr Rs. 2
Slide 3: Segment Performance – Key highlights Q2 FY23
Segment Performance – Key highlights Q2 FY23 Pipes and Fittings 801.73 Cr 59,218 MT (47.63) Cr (11%) y-o-y 7% y-o-y (183%) y-o-y Revenue Volume EBIT 481.07 Cr 54,063 MT (110.68) Cr (27%) y-o-y 4% y-o-y (148%) y-o-y Resin Revenue Volume EBIT 3
Slide 4: Business Performance by Segment
Business Performance by Segment P&F Volume (MTs) PVC Volume (MTs) 7% 4% -18% -14% 52,029 55,453 71,960 62,746 54,063 59,218 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) -183% -148% -212% -252% 57.5 42.6 230.6 72.9 -47.6 -110.7 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 F
Slide 5: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -13% -148% -21% -213% 300 1,083 1,190 126 941 -143 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 PBT (Rs Cr) Sales volumes (in MT) -142% 7% -3% -209% 310 118 76,178 73,713 -129 69,138 Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23
Slide 6: EBITDA Movement Q2 FY23 vs. Q2 FY22
EBITDA Movement Q2 FY23 vs. Q2 FY22 Rs Cr (141.4) 299.6 (250.1) - - - - (0.1) (51.0) (143.0) EBITDA Revenue Materials Employee Other expenses EBITDA Q2FY22 consumed benefit expenses Q2FY23 6 All Numbers reported in the presentation are on standalone basis excluding exceptional items
Slide 7: EBITDA Movement H1 FY23 vs. H1 FY22
EBITDA Movement H1 FY23 vs. H1 FY22 Rs Cr 83.2 (471.1) 510.97 (5.7) (134.3) (16.7) EBITDA H1 FY22 Revenue Materials Employee Other expenses EBITDA H1 FY23 consumed benefit expenses 7 All Numbers reported in the presentation are on standalone basis
Slide 8: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Cr Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 Change Change Total Income from 941.13 1,082.57 (13%) 2,130.94 2,048.02 4% operations EBITDA gain/ (loss) (142.67) 299.51 (148%) (16.76) 510.97 (103%) EBITDA % (15%) 28% (1%) 25% Depreciation 21.56 20.61 42.90 40.67 Profit/(l
Slide 9: Balance Sheet – Key indicators
Balance Sheet – Key indicators Rs. Cr 30-Sep-22 31-Mar-22 Equity and liabilities Share capital 123.67 124.10 Reserves and surplus 3,709.14 3,739.66 Long term borrowings - - Short term borrowings (including loans 27.16 278.03 repayable in one year) Assets Fixed assets (Net block) 984.99 992.33 Capita
Slide 10: PVC Prices & PVC/EDC Delta
0 200 400 600 800 1000 1200 1400 1600 1800 2000 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 PVC (USD/MT) Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 PVC Prices & PVC/EDC Delta Oct-22 0 200 400 600 800 1000 1200 Apr-19 Jun-19 Aug-19 Oct-19 De
Slide 11: Select Marketing Initiatives
Select Marketing Initiatives 11
Slide 12: Story of the Founder of Finolex Group
Story of the Founder of Finolex Group Engaging storytelling of the brand by reinforcing core values of Founder of Finolex Group Podcast- Legacy of Late Shri Pralhad Chhabria Pralhad Movie- More than 5.6 M views on Youtube On Spotify & Youtube 12
Slide 13: Key objectives and initiatives
Key objectives and initiatives To continue building visibility & improve awareness in the market To strengthen relationship with key stakeholders using on-ground and digital activations Ashadhi Wari Jagannath Rath Yatra Onam Festival Pandharpur, Maharashtra Puri, Odisha Kerala
Slide 14: Brand Integration | Festival Celebration | Topical communication
Brand Integration | Festival Celebration | Topical communication • Impactful integration in TV shows with strong affinity. • Tapped diverse cultural cues and stakeholder sentiments for nation wide celebration during festive period across multiple platforms Print Ad – PM Birthday Brand Integration –
Slide 15: Awards and Recognitions
Awards and Recognitions Great Place To Work Certification Iconic Brands of India 2022 Best Financial Performance by The Economic Times Entrepreneur Awards 2022
Slide 16: CSR Update
CSR Update 16
Slide 17: Presence of Mukul Madhav Foundation in India
Presence of Mukul Madhav Foundation in India Mukul Madhav Foundation (MMF), a CSR partner of FIL is engaged in various CSR activities all across India States where we are present States where we are not present 17
Slide 18: Strengthening Our Commitment Towards 16 out of the 17 UN Sustainable Development Goals
Strengthening Our Commitment Towards 16 out of the 17 UN Sustainable Development Goals Actively exploring opportunities to cater the remaining spectrum: - 18
Slide 19: Actively engaged in 15 out of 16 CSR Mandated Areas
Actively engaged in 15 out of 16 CSR Mandated Areas ✅ Agriculture & rural development ✅ Promoting sports projects ✅ Safe drinking water and sanitation ✅ Ensuring environmental ✅ Support to differently abled sustainability ✅ Technology incubators ✅ Eradicating extreme hunger and ✅ Armed force
Slide 20: CSR Activities in Q2 FY23 – some snapshots
CSR Activities in Q2 FY23 – some snapshots Eradicating extreme hunger & poverty Support for Differently-Abled Promotion for Education 575 children received access to nutrition through inauguration Ongoing support being provided to 1,541 CP patients. Supported 88+ educational institutes and 300
Slide 21: CSR Activities in Q2 FY23 – some snapshots
CSR Activities in Q2 FY23 – some snapshots Promoting Preventive Healthcare Supporting and encouraging small businesses Other support Blood donation camps were held at BT Shahani School, Pune, To encourage thriving small businesses, 5 institutions 2 widows were provided with an employment oppor
Slide 22: Contact: Mr. Abhay Amlekar
Mr. Abhay Amlekar aba@finolexind.com D-1/10, MIDC Chinchwad, Pune 411 009 020 2740 8200 I 1-800-2003266 www.finolexpipes.com 22