Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY20 Earnings Presentation
28 slides from Finolex Industries's earnings presentation, November 2019
Slide 1: Finolex Industries Limited Q2 FY20 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q2 FY20RESULTS RESULTS
Slide 2: Q2FY20 vs Q2FY19 – Business Performance Highlights
Q2FY20 vs Q2FY19 – Business Performance Highlights Revenue - Revenue registered a y-o-y growth of 6.3% to Rs. 5,767 mn Volume - PVC Resin volume registered a y-o-y decrease of 4.7% to 41,422 MT. - Pipe and Fittings volume registered a y-o-y growth of 6.1% to 48,024 MT. Operating Performance (EBIT) -
Slide 3: Profit & Loss Account – Q2FY20
Profit & Loss Account – Q2FY20 Inc / Dec Particulars (INR Mn) Q2FY20 Q2FY19 (%) Total Income from operations 5,767 5,426 6.3% EBIDTA 820 1,250 -34.4% EBIDTA margin (%) 14.2% 23.0% Depreciation 194 166 EBIT 626 1,084 -42.3% EBIT % 10.9% 20.0% Other Income 174 123 Finance costs 2 30 Profit before exce
Slide 4: Profit & Loss Account – H1FY20
Profit & Loss Account – H1FY20 Inc / Dec Particulars (INR Mn) H1FY20 H1FY19 (%) Total Income from operations 15,205 13,705 10.9% EBIDTA 2,056 2,910 -29.3% EBIDTA margin (%) 13.5% 21.2% Depreciation 362 328 EBIT 1,694 2,582 -34.4% EBIT % 11.1% 18.8% Other Income 231 260 Finance costs 11 82 Profit bef
Slide 5: Business Performance – Q2FY20
Business Performance – Q2FY20 * Including inter segment transfer 5
Slide 6: Q2FY20 Results Summary
Q2FY20 Results Summary Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * Revenue (excl. duties and taxes) (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 6
Slide 7: EBIDTA Bridge Chart Q2FY20
EBIDTA Bridge Chart Q2FY20 (INR Mn) IND AS 7
Slide 8: Business Performance Trends
Business Performance Trends Pipes & Fittings Volumes (MT) PVC (USD/MT) Source: Platts Polymerscan weekly reports PVC Volumes (MT) PVC/EDC Delta (USD/MT) * 8
Slide 9: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Total income from operations * 4,753 7,227 8,091 8,278 5,426 7,566 9,642 9,438 5,767 EBIDTA 496 1,133 1,879 1,939 1,250 1,250 1,465 1,236 820 EBIDTA margins (%) 10.4% 15.7% 23.2% 23.4% 23.0%
Slide 10: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Segmental revenues * PVC 2,742 4,598 5,158 5,042 3,266 4,840 5,594 5,349 3,027 PVC pipes & fittings 4,250 5,320 6,827 7,225 4,705 5,906 7,911 8,512 5,170 Segmental profits PVC 371
Slide 11: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* H1FY20* Revenue from Operations 21,448 24,531 24,762 24,819 26,024 27,378 30,913 15,205 (excl. duties and taxes) Growth in sales (YoY %) 2.1% 14.4% 0.9% 0.2% 4.9% 5.2% 12.9% 10.9% EBIDTA before excep
Slide 12: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* H1FY20* Equity and liabilities Share capital 1,241 1,241 1,241 1,241 1,241 1,241 1,241 1,241 Reserves and surplus 5,971 6,656 6,633 14,458 21,673 26,405 24,043 22,497 Long term borrowings 1,397 2,322 1,837 -
Slide 13: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 13
Slide 14: 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 15: Opportunities – Agriculture sector continues to be thrust area
crore. Opportunities – Agriculture sector … continues to be thrust area -Allocation for Agriculture stands at -New Jal Shakti Mantralaya set up for -Ease of doing business and ease of -Allocations for interest rates Rs.1,51,518 Crores, increase of management of water resources living to apply to far
Slide 16: Opportunities - Non-Agriculture sector
Opportunities - Non - Agriculture sector i.e. housing and infrastructure … also continues to be thrust area -Under the ‘House for All by 2022’ mission, the government - The Company has tied-up with the American - Swachh Bharat Mission (Gramin) has brought aims to build 1.95 crore houses under the Pr
Slide 17: Budget 2019 - Impetus for Agriculture and Non Agriculture Sector
Budget 2019 - Impetus for Agriculture and Non Agriculture Sector Agriculture Non - Agriculture • National Rural Drinking Water Mission - allocation increased by • 1.95 crore houses to be constructed under the flagship housing scheme Pradhan Mantri Awas Yojana • 49% Y-o-Y for FY20 at Rs 8,201 Crs • P
Slide 18: Distribution reach Offices, Works and Warehouses
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 Cu ack Pune Urse Ratnagiri Corporate Office at Pune Works Warehouse Branc
Slide 19: CSR activities in Q2 FY19-20 – some snapshots
CSR activities in Q2 FY19-20 – some snapshots Our Trustees had an opportunity to meet with Employees of Finolex planted more than 1000 trees in A toilet unit was inaugurated at Sri Ramakrishna Barando’s Children Charity in the United Pune as part of the initiative to create oxygen hubs . Mission cat
Slide 20: CSR activities in Q2 FY19-20 – some snapshots
CSR activities in Q2 FY19-20 – some snapshots Flood Relief activities undertaken in Pune and Sangli 1060 ASHA and ANM nurses were felicitated for • 9 locations of Pune city: - Khadaki, Bopodi, Aundh, Finolex Industries and Mukul Madhav Foundation signed an their remarkable contribution in transformi
Slide 21: CSR activities in Q2 FY19-20 – some snapshots
CSR activities in Q2 FY19-20 – some snapshots Dr. Bader and Mrs. Shoris from Israel trained nurses and doctors of Sassoon general Hospital NICU giving Health camp was organized for B T Sahani School RO and Water cooler was donated at Sadra Primary importance of how to control infections in ICU,birth
Slide 22: Branding Activity - Rath Yatra
Branding Activity - Rath Yatra – East, Delhi, Punjab, Rajasthan, Chattisgarh, Gujarat. 22
Slide 23: Branding at Ganpati Festival
Branding at Ganpati Festival - Pune, Gujarat & Karnataka. Kanwar Yatra - Haridwar, Uttarakhand. Ambaji Padayatra, Gujarat. 23
Slide 24: Agri Asia Exhibition • Mehuli Ghosh Meet & Greet
Agri Asia Exhibition • Felicitation of Chief Minister Mr. Vijay Rupani & Agriculture Minister who visited Gujarat our Stall at Agri Asia Exhibition at Gandhinagar. Mehuli Ghosh Meet & Greet 24
Slide 25: Regional Movie Integration
Regional Movie Integration Punjabi Movie | Singham 25
Slide 26: Retail Branding
Retail Branding finolexpipes.com ENTERETsEs 1800 200 3466 G+sr9470140425 4 Tindlexpipes.c. ~ "1806 200 Sace
Slide 27: Shareholding Pattern as on September 30, 2019
Shareholding Pattern as on September 30, 2019 Promoters Others 35% 52% 2% Foreign Portfolio Investors 11% 4.02% Mutual Funds 27
Slide 28: Finolex Industries Limited
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