Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY2023 Earnings Presentation
29 slides from Finolex Industries's earnings presentation, Jul 22, 2022
Slide 1: Investor Presentation Q1 FY 2022-23
INVESTOR PRESENTATION Q1 FY 2022-23
Slide 2: Strong sales volume continue to support growth
Strong sales volume continue to support growth Q1 FY23 Segment Revenue – Q1 FY23 Rs Cr Top line maintains Total revenue registered a y-o-y growth of 23% to Rs. 1,190 Cr its growth from Rs. 965 Cr trajectory 1,277 1,044 EBITDA at Rs 126 Cr (vs. Rs. 210 Cr in Q1FY22); Q1FY23 margin Margins impacte
Slide 3: Segment Performance – Key highlights Q1 FY23
Segment Performance – Key highlights Q1 FY23 Pipes and Fittings 1,132.01 Cr 71,960 MT 42.59 Cr 34.0% y-o-y 28.9% y-o-y (2.4%) y-o-y Revenue Volume EBIT 784.58 Cr 62,746 MT 72.90 Cr 25.1% y-o-y 24.9% y-o-y (53.8%) 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) 29% 25% -8% -21% 78,629 71,960 79,182 62,746 55,819 50,249 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) -2% -54% -55% -53% 94.2 157.8 156.5 43.6 42.6 72.9 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1
Slide 5: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) 23% -40% -52% -25% 1,595 265 1,190 210 965 126 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 PBT (Rs Cr) # Sales volumes (in MT) -41% 27% -54% -15% 260 1,57,811 200 1,34,706 1,06,067 118 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 F
Slide 6: EBITDA Movement Q1 FY23 vs. Q1 FY22
EBITDA Movement Q1 FY23 vs. Q1 FY22 Rs Cr 224.4 (221.0) (5.6) (81.4) 209.5 125.9 EBITDA Revenue Materials Employee Other expenses EBITDA Q1FY22 consumed benefit expenses Q1FY23 6 All Numbers reported in the presentation are on standalone basis excluding exceptional items
Slide 7: Summarised Income Statement
Summarised Income Statement Rs. In Crores Q1FY23 Q1FY22 YOY Change Total Income from operations 1,189.81 965.37 23% EBITDA 125.91 209.51 -40% EBITDA % 11% 22% Depreciation 21.34 20.06 EBIT 104.57 189.45 -45% EBIT % 9% 20% Finance costs 11.33 4.76 Other Income 25.07 15.35 Profit before tax 118.31 200
Slide 8: PVC Prices & PVC/EDC Delta
200 400 600 800 0 1000 1200 1400 1600 1800 2000 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 PVC (USD/MT) Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 PVC Prices & PVC/EDC Delta 20
Slide 9: Key Strategies
Key Strategies EXPANDING CAPACITY CASH-N-CARRY BRANDING FOOTPRINT EXPANSION Follow Cash-n-carry Promote brand and Expand distribution Increase installed model to keep the quality network in all capacities of PVC balance sheet light. consciousness geographies with higher pipes and fittings in amongst
Slide 10: Footprints
Footprints Distribution Reach Offices & Plants FIL is on track in terms of expanding its scale of operations by increasing production capacity and distribution reach Wide network of 21,000 retail touch points Delhi Masar Pune Urse Ratnagiri Corporate Office at Pune Works Branch Office 10
Slide 11: Select Marketing Initiatives
Select Marketing Initiatives 11
Slide 12: Brand awareness through sponsorship and Film integration
Brand awareness through sponsorship and Film integration IN FILM INTEGRATION -South Movie - VIKRAM 12
Slide 13: Branding through summer/ monsoon activity, road shows, events
Branding through summer/ monsoon activity, road shows, events PANDHARPUR ASHADI WARI ROADSHOW – Tamil Nadu HAPPY FARMERS & WARKARIS WITH FINOLEX BAGS BRANDED CARRY BAGS DISTRIBUTION – PRASAD HOARDING –KEY TRAFFIC JOINTS NEAR TEMPLE 13
Slide 14: Branding through summer/ monsoon activity, road shows, events
Branding through summer/ monsoon activity, road shows, events Distribution of summer caps & raincoats as protective gears in key markets. Plumbers & retailers form part of extended Finolex Parivaar 14
Slide 15: Retail Branding
FinQlex Retail Branding Pies 1 Whsersccseon 7a on EE ‘PIPES
Slide 16: Print Ads, Magazine Ads, & other Branding activities
Print Ads, Magazine Ads, & other Branding activities Magazine Ads Gudi Padwa Akshay Tritaya Magazine Annadata (Covering farmers in AP & Telangana) 16 (Circulation: 3.45 lacs;
Slide 17: DIGITAL – Social Media updates
DIGITAL – Social Media updates Linkedin Instagram Facebook 17
Slide 18: Awards and recognitions
Awards and recognitions Shiromani award to Mrs Ritu P. Chhabria Vivekananda Vivekananda sustainability sustainability awards awards In June 2022, in the presence of eminent individuals & respected Members of the British Parliament, London, UK, Managing Trustee In Apr 22, Mukul Madhav Foundation was
Slide 19: CSR Update
CSR Update 19
Slide 20: Commitment Towards 13 out of the 17 UN Sustainable Development Goals
Strengthening Our Commitment Towards 13 out of the 17 UN Sustainable Development Goals 20
Slide 21: Working in 15 out of 16 CSR Mandated Areas
Working 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 forces/veteran
Slide 22: CSR Activities in Q1 FY23 – some snapshots
CSR Activities in Q1 FY23 – some snapshots Environmental initiatives Support for Differently-Abled Promoting Preventive Healthcare Support to Yashwantrao Chavan Mahavidyalaya, Eye Check up Camp in collaboration with HV Desai Hospital, at Ongoing support being provided to 1,541 CP patients thro
Slide 23: CSR Activities in Q1 FY23 – some snapshots
CSR Activities in Q1 FY23 – some snapshots Promoting Gender Equality Agriculture & Rural development Promotion of Vocational Skills & Livelihood 45 low-income farmers were supported with 415 rice seed Pressure cookers were gifted to 25 newly married couples at bags with the guidance of Ratnagiri
Slide 24: CSR Activities in Q1 FY23 – some snapshots
CSR Activities in Q1 FY23 – some snapshots Natural Disasters and calamities Safe Water & Sanitation Other support MMF acted pro-actively in support for flood affected people 1500 families were supported with drinking water in Bhatye in Assam. Provided relief kits with buckets, blankets and 4 j
Slide 25: 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 25
Slide 26: Finolex Industries reports 29% growth in pipes and fittings volumes
FOR IMMEDIATE RELEASE Finolex Industries reports 29% growth in pipes and fittings volumes Pune, 22 July 2022: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the first quarter ended June 30, 2022. Key Financial Highlights
Slide 27: Q1 FY23 Highlights
Q1 FY23 Highlights: Total income from operations was Rs 1,189.81 Cr for Q1FY23 – up 23.3% against Rs 965.37 Cr in Q1FY22. Volume in Pipes & Fittings segment was up 28.9% to 71,960 MT in Q1FY23 against 55,819 MT in Q1FY22 EBITDA stood at Rs 125.91 Cr for Q1FY23 – down 39.9% against Rs 209.51 Cr
Slide 28: This is Finolex
This is Finolex: We are India’s most trusted PVC pipes and fittings manufacturer. Over the last 40 years, we have impacted the sanitation-plumbing and agricultural sectors with prudent investments across our value chain. Right from the sourcing of quality raw materials and resin production, to manuf
Slide 29: Volume Data
Finolex Industries Limited Volume Data Sr. No. Particulars Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4 FY22 Q1 FY23 1 Production in MT PVC Resin 51,785 41,347 83,370 70,891 13,785 43,338 84,016 83,896 53,817 29,961 65,846 64,564 59,956 PVC pipes & fittings 88,297