Fineotex Chemical Limited · NSE:FCL
Fineotex Chemical — H1 FY2024 Earnings Presentation
25 slides from Fineotex Chemical's earnings presentation, Nov 23, 2023
Slide 1: Fineotex Investor Presentation cover letter to exchanges
FINEOTEX® A Speciality Chemical Producing Public Listed Company November 23, 2023 To, General Manager, The Manager, Listing Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla
Slide 2: Fineotex Chemical Limited Investor Presentation November 2023
Fineotex Chemical Limited (BSE: 533333; NSE: FCL) Textile Specialties Investor Presentation November 2023 Other Specialties Cleaning & Hygiene Specialties Drilling Specialties
Slide 3: Diversifying Its Business Portfolio
Diversifying Its Business Portfolio Overview of Textile Chemical segment Overview of the Cleaning and Hygiene segment Specialty chemicals producer with a focus on textiles Successfully diversified into the cleaning and hygiene chemicals business Team of 34 professionals for providing technical solut
Slide 4: Long standing track record of consistently creating value
Long standing track record of consistently creating value 2004 2007 2011 2014 2015 ❖ Accredited with ❖ Acquisition of FCPL ❖ Listed on BSE ❖ Bonus declared on 1:1 ❖ Listed on NSE ISO 9001:2008 by Fineotex Chemical ❖ Incorporated wholly owned basis ❖ Received Star ❖ Incorporation of Limited subsidiar
Slide 5: Fineotex Strategic Rationale
Fineotex Strategic Rationale Fineotex Overview Customised Solution • Specialty chemicals producer with a focus on textiles chemicals Besides manufacturing specialty chemicals, we also offer customized technical solutions and services through our dedicated focus on R&D • Successful expansion into the
Slide 6: Tailored solutions across the textile value chain with a focus on realisations
Tailored solutions across the textile value chain with a focus on realisations Steps Weaving Pre-treatment Dyeing Printing Finishing De-sizing, Dyeing, Rotary Exhaust Process Sizing Scouring, Washing, Printing, Padding Bleach Fixing Table Printing Enzymes, Dyes, Acids, Dyes, Binder Softeners, Wettin
Slide 7: Developed technical expertise to enter attractive new markets
Developed technical expertise to enter attractive new markets Cleaning and Hygiene Chemicals Drilling Speciality Chemicals Other Speciality Chemicals • Customised solutions for: • Customised solutions for Oil and Gas • Non toxic eco-friendly solution designed with ▪ Housekeeping, Kitchen Care and Di
Slide 8: Successful acquisition and realisation of synergies with Biotex
Successful acquisition and realisation of synergies with Biotex Fineotex - India Biotex - Malaysia • Diverse product portfolio (470+ categories) • Niche product portfolio (50+ categories) across business segments Overview • High end super speciality textile chemical • Applications primarily across t
Slide 9: Recent collaborations to expand product profile and geographical reach
Recent collaborations to expand product profile and geographical reach Strategic collaboration with Eurodye-CTC, Belgium, Strategic collaboration with HealthGuard, Australia to Setting up a state of art Research & Development to commercialize specialty chemicals for the Indian become the exclusive g
Slide 10: Growth in Textile Chemical Industry and Cleaning and Hygiene
Growth in Textile Chemical Industry and Cleaning and Hygiene Textile Chemical Cleaning and Hygiene Growth outlook for Specialty Chemicals Growth outlook for Cleaning and Hygiene • Emerging markets provide companies with the opportunity • The growing consumer awareness of cleanliness and to produce c
Slide 11: Manufacturing Platforms (GMP Certified)
Manufacturing Platforms (GMP* Certified) Location Operating Facts Strategic Advantages Manufacturing Excellence • Total Production Capacity of • The Ambernath plant is fungible and has the Mahape is 36,500 MT capabilities to manufacture products for both • Ambernath plant had the textile chemical an
Slide 12: Global Customer Reach
Global Customer Reach • Sales in ~70 countries including Brazil, Bangladesh, Germany, Indonesia, Malaysia, Singapore, Syria, Thailand, USA, Venezuela and Vietnam • 34+ technical marketing experts • 110+ dealers in Indian and International markets Q2 FY24 Revenue Mix 23% 77% Facilities at Mahape and
Slide 13: Board of Directors
Board of Directors Surendrakumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Navin Mittal Chairman and Managing Director Executive Director Executive Director Independent Director C C Alok Dhanuka CS Bindu Shah Dr. Sunil Waghmare Independent Director Independent Director Independent Director C C C
Slide 14: Management Team
Management Team Surendra Kumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Arindam Choudhuri Education: B.Com and LLB Education: B.Com and P.G. in Textile Education: B.Com and M.Com Education: B.Tech and Marketing Chemicals and Processing Management Managing Director CFO Head - International Marke
Slide 15: Financial Performance
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Slide 16: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 26.3% 38.7% 37.1% 31.1% 18.8% 18.7% 785 1,343 1,453 148 251 382 Q2 FY 22 Q2 FY 23 Q2 FY 24 Q2 FY 22 Q2 FY 23 Q2 FY 24 PBT and PBT Margin PAT and PAT Margin 27.8% 21.7% 14.2% 15.5% 19.6%
Slide 17: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 37.8% 25.1% 35.7% 36.1% 21.8% 34.4% 30.7% 19.3% 18.6% 19.0% 1,126 5,170 3,682 712 697 2,701 2,775 513 2,185 406 FY 21 FY 22 FY 23 H1 FY 23 H1 FY 24 FY 21 FY 22 FY 23 H1 FY 23 H1 FY 24 PBT
Slide 18: Key Return Ratios Trend
Key Return Ratios Trend Return on Capital Employed (%) Return on Equity (%) 30.3% 28.6% 36.4% 34.5% H1 FY 23 H1 FY 24 H1 FY 23 H1 FY 24 ROE= PAT/Average Equity ROCE = EBIT/Average Capital Employed (Capital Employed = Total Equity + Short Term Borrowings + Long Term Borrowings) Receivable Days = (Tra
Slide 19: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle (Rs Mn) Sep-22 Mar-23 Sep-23 Working Capital Days ST Debt 2 73 18 190 LT Debt 0 0 0 164 Total Debt 2 73 18 Cash & Cash Equivalent 402 596 514 133 Net Cash 400 523 496 91 Equity 3,058 3,557 4,049 84 Total debt/Equity 0.001x 0.020x 0.004x Rating ICRA Long Ter
Slide 20: Consolidated P&L Summary: Q2 FY2024
Consolidated P&L Summary: Q2 FY2024 Particulars (Rs. Million) Q2 FY24 Q2 FY23 YoY% H1 FY24 H1 FY23 YoY% Revenue from Operations 1,452.7 1,343.1 8.2% 2,775.0 2,700.8 2.75% COGS 891.0 925.7 (3.7%) 1,725.6 1,872.0 (7.8%) Gross Profit 561.7 417.4 34.6% 1,049.4 828.8 26.6% Gross Profit Margin 38.7% 31.1%
Slide 21: Accreditations: Biotex Malaysia
Accreditations: Biotex Malaysia Certificate Value Proposition • Bluesign is recognized as a leading certification for sustainability in the global textile industry. As a partner, Biotex is committed to applying the bluesign system to meet the highest level of safety for both people and environment,
Slide 22: Accreditations: Fineotex India
Accreditations: Fineotex India Certificate Value Proposition • ISO 9001:2015 defines the guiding principles to create efficiencies by aligning and streamlining processes throughout the organization, create new opportunities, meet regulatory requirements, and help organizations expand into new market
Slide 23: Sustainability at its Core
Sustainability at its Core We place sustainability high on our agenda as it is an integral part of our business strategy 100% 18% 4,53,106 units Employees are covered Female employees in Electricity purchased in with health and accident FY23 FY23 insurance 100% employees Rs 98.36 Lakhs Zero Were giv
Slide 24: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Fineotex Chemical Limited (“Fineotex Chemical” or the Company) future bus
Slide 25: Fineotex Chemical Limited
Fineotex Chemical Limited FINEOTEX CHEMICAL LIMITED (CIN Number: L24100MH2004PLC144295) 42-43, Manorama Chambers, S. V. Road Bandra (West), Mumbai - 400 050, India Phone: (+91 - 22) 26559174 / 75, (+91 - 22) 26559176 / 77 Email: info@fineotex.com www.fineotex.com 24