Fineotex Chemical Limited · NSE:FCL
Fineotex Chemical — Q2 FY2023 Earnings Presentation
24 slides from Fineotex Chemical's earnings presentation, Nov 6, 2022
Slide 1: Exchange filing cover letter for earnings presentation
November 06, 2022 To, To, General Manager, The Manager, Listing Department, BSE Limited, Listing & Compliance Department P.J. Towers, Dalai Street, The National Stock Exchange of India Mumbai - 400 001 Limited Exchange Plaza, Company code: 533333 Bandra Kurla Complex, Bandra East, Mumbai – 400051 Co
Slide 2: Fineotex Chemical Limited Q2 and H1 FY2023 Earnings Presentation
Fineotex Chemical Limited (BSE: 533333; NSE: FCL) Textile Q2 and H1 FY2023 Specialties Earnings Presentation Other Specialties Cleaning & Hygiene Specialties Drilling Specialties
Slide 3: Q2 FY2023 Consolidated Financial Highlights
Q2 FY2023 Consolidated Financial Highlights Surendrakumar Tibrewala Rs 1,343 mn Rs 251 mn Rs 208 mn Chairman and Managing Director Consolidated EBITDA Net Profit Revenue Continuing the trend of our last few quarters, the Q2 FY23 is yet 71.1% 70% 87% another significant quarter for FCL. Our revenue a
Slide 4: An Introduction to Fineotex
An Introduction to Fineotex Specialty chemicals producer with a focus on textiles 470+ ~70 chemicals Product Categories Countries Present Team of 34 professionals for providing technical solutions to customers Bluesign, ZDHC, 83,000 MT p.a. Star Export House Installed capacities Accreditations Succe
Slide 5: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 34.4% 37.1% 18.2% 18.8% 18.7% 31.1% 1,343 251 785 547 148 100 Q2 FY 21 Q2 FY 22 Q2 FY 23 Q2 FY 21 Q2 FY 22 Q2 FY 23 PBT and PBT Margin PAT and PAT Margin 24.3% 19.6% 19.6% 20.1% 14.2% 1
Slide 6: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 35.5% 37.3% 35.7% 36.1% 36.0% 18.6% 30.7% 19.0% 19.3% 19.0% 17.4% 17.4% 3,682 712 2,701 1,963 2,185 513 1,823 1,418 406 347 342 246 FY 19 FY 20 FY 21 FY 22 H1 FY 22 H1 FY 23 FY 19 FY 20 FY
Slide 7: Key Return Ratios Trend
Key Return Ratios Trend Return on Capital Employed (%) Return on Equity (%) 30.5% 36.0% 23.4% 28.0% 22.7% 19.5% 21.5% 21.5% 19.1% 19.6% 15.8% 8.4% FY 19 FY 20 FY 21 FY 22 H1 FY 22 H1 FY 23 FY 19 FY 20 FY 21 FY 22 H1 FY 22 H1 FY 23 ROE= PAT/Average Equity ROCE = EBIT/Average Capital Employed (Capital
Slide 8: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle (Rs Mn) Sep-21 Mar-22 Sep-22 Working Capital Days ST Debt 77 19 10 LT Debt 0 0 0 190 Total Debt 77 19 10 160 Cash & Cash Equivalent 309 381 161 145 Net Cash 231 362 151 Equity 2337 2694 1752 91 Total debt/Equity 0.03x 0.01x 0.01x Rating ICRA CRISIL Long Ter
Slide 9: Consolidated P&L Summary: Q2 and H1 FY2023
Consolidated P&L Summary: Q2 and H1 FY2023 Particulars (Rs. Million) Q2 FY23 Q2 FY22 YoY% H1 FY 23 H1 FY 22 YoY% Revenue from Operations 1,343.1 784.9 71.1% 2,700.8 1,417.7 90.5% COGS 925.7 494.0 87.4% 1,872.0 907.1 106.4% Gross Profit 417.4 290.9 43.5% 828.8 510.6 62.3% Gross Profit Margin 31.1% 37
Slide 10: 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 • Experts in providing technica
Slide 11: Focus on Growth and Diversification
Focus on Growth and Diversification 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 Disinfectants • Significant
Slide 12: Strategic Partnerships (1/2)
Strategic Partnerships (1/2) Strategic collaboration with Eurodye-CTC, Belgium, to commercialize specialty chemicals for the Indian market Addition to its portfolio, specialized pre-treatment and dyeing products for the cotton-synthetic and woollen fibre/ fabric/ yarn Facilitates an efficient produc
Slide 13: Strategic Partnerships (2/2)
Strategic Partnerships (2/2) Strategic collaboration with HealthGuard, Australia to Setting up a state of art Research & Development become the exclusive global marketing and sales centre in collaboration with Sasmira Institute, one of channel partner with joint operations from Malaysia India’s prem
Slide 14: Synergistic Business Model with Biotex
Synergistic Business Model with Biotex Fineotex - India Biotex - Malaysia • Diverse product portfolio (400+ categories) • Niche product portfolio (50+ categories) across business segments Overview • High end super speciality textile chemical • Applications primarily across the entire textile applica
Slide 15: Manufacturing Platforms (GMP Certified)
Manufacturing Platforms (GMP* Certified) Location Strategic Advantages Manufacturing Excellence • Strategically located plant near key port close to Mumbai with logistical advantage to textile hubs across North, West, South and Central India Mahape and Ambernath, Mumbai, India • Easy access to high
Slide 16: New Facility at Ambernath, Maharashtra
New Facility at Ambernath, Maharashtra About the Facility ➢ Located on ~4 acres of land ➢ Production began on 9th November 2021 ➢ State of the art technological updates have been implemented ➢ Capacity enhanced to 40,000 MT through efficient process management vis-à-vis planned 36,000 MT Strategic A
Slide 17: Cleaning and Hygiene Division
Cleaning and Hygiene Division Diversified Product Offering • Air freshener • Hygienic hard surface Housekeeping • Carpet cleaner cleaner • Carpet shampoo • Multi surface cleaner • Deodorizers • Surface cleaner cum • Floor cleaner disinfectant • Furniture maintainer • Toilet bowl cleaner • Glass clea
Slide 18: Key Products in the Specialty Textile Chemicals Segment
Key Products in the Specialty Textile Chemicals Segment 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, Wetting & Alkali Thickener, F
Slide 19: 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 Facilities at Mahape and Ambernath, Mumbai, India Fac
Slide 20: Management Team
Management Team Surendra Kumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Education: B.Com and LLB Education: B.Com and P.G. in Textile Education: B.Com and M.Com Chemicals and Processing Managing Director Chief Financial Officer Head - International Marketing Arindam Choudhuri Noa N. Ouakass Ked
Slide 21: 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% 21% 4,17,000 units Employees are covered Female employees in Electricity purchased in with health and accident FY22 FY22 insurance 100% employees Rs 50.00 Lakhs Zero Were giv
Slide 22: Fineotex ESG Accreditations
Fineotex ESG Accreditations Certificates Bhive certified ISO 9001 ISO 14001 ISO 14045 ISO 45001 Blue Sign certified ISO 20000 SA 8001 OHSAS18001 ISO 22000 ECO Passport by OEKO-TEX Global Organic Textile Standard (GOTS) certified Hazard Analysis Critical Control Point Certification New Accreditations
Slide 23: 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 24: 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 23