Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY2025 Earnings Presentation
31 slides from Finolex Industries's earnings presentation, Oct 24, 2024
Slide 1: Investor Presentation Q2 FY 2024-25
Investor Presentation Q2 FY 2024-25
Slide 2: Business Performance
Business Performance Segment Revenue – Q2 FY25 Q2 FY25 H1 FY25 Q2FY25 ₹ Cr ▪ Pipes & Fittings volume increased by ▪ Pipes & Fittings volume increased by Robust Volume 3 % to 1,59,961 MT from H1 FY24 10% to 69,341 MT from Q2 FY24 growth during quarter ▪ PVC Resin volume increased by 7% ▪ PVC Resin vo
Slide 3: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (₹ Cr) EBITDA (₹ Cr) -6% -89% -27% -95% 1,140 207 883 828 103 11 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 PBT (₹ Cr) Sales volumes (in MT) [P&F + Resin] -51% 9% -73% -32% 229 160,245 100,430 109,577 126 62 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1
Slide 4: Segment Performance – Key highlights Q2 FY25
Segment Performance – Key highlights Q2 FY25 P&F sales volume (MTs) PVC sales volume (MTs)* 10% 7% -42% -23% 90,620 69,625 62,914 69,341 37,516 40,236 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 *Including inter segment P&F EBIT (₹ Cr) PVC EBIT (₹ Cr) -157% 80% -48% -129% 134 69 68 36 (39) 20 Q2
Slide 5: Pipes and Fittings / Resin Segment Highlights
Segment Performance – Key highlights Q2 FY25 Pipes and Fittings ₹ 820 Cr 69,341 MT ₹ (39) Cr (4%) y-o-y 10% y-o-y (157%) y-o-y Revenue Volume EBIT ₹ 308 Cr 40,236 MT ₹ 36 Cr Resin 4% y-o-y 7% y-o-y 80% y-o-y Revenue Volume EBIT 5
Slide 6: EBITDA Movement Q2 FY25 vs. Q2 FY24
EBITDA Movement Q2 FY25 vs. Q2 FY24 ₹ Cr 103.0 (54.7) (50.5) 19.0 10.6 (6.2) EBITDA Revenue Materials Employee Other expenses EBITDA Q2 FY24 consumed benefit expenses Q2FY25 All numbers on Standalone basis excluding exceptional items 6
Slide 7: EBITDA Movement H1 FY25 vs. H1 FY24
EBITDA Movement H1 FY25 vs. H1 FY24 ₹ Cr 255.5 (93.4) 61.1 (11.9) 6.0 217.2 EBITDA Revenue Materials Employee Other expenses EBITDA H1 FY24 consumed benefit expenses H1 FY25 All numbers on Standalone basis excluding exceptional items 7
Slide 8: Summarised Income Statement
Summarised Income Statement ₹ Crore Particulars Quarter Ended YTD Sep-24 Sep-23 Sep-24 Sep-23 Unaudited Unaudited Unaudited Unaudited Income Revenue from Operations 828.4 883.2 1,968.9 2,062.3 Other income 84.2 62.5 139.1 102.8 Total income 912.7 945.7 2,108.1 2,165.1 Expenses Material cost 581.1 53
Slide 9: Summarised balance sheet
Summarised balance sheet ₹ Crore Particulars As at 30.09.2024 31.03.2024 Non -current assets Fixed assets (Incl. CWIP , Intangibles) 1,063.6 1,074.2 Non current investments 3,822.9 2,550.7 Financial and other non-current assets 104.3 100.6 (A) 4,990.7 3,725.5 Current Assets Inventories 628.3 728.0 C
Slide 10: PVC Prices and PVC/EDC Delta
PVC Prices and PVC/EDC Delta PVC (USD/MT) PVC/EDC Delta (USD/MT) Q2FY24 Avg Q2FY25 Avg Q2FY24 Avg Q2FY25 Avg 2000 1200 1800 1000 1600 1400 800 1200 1000 600 800 400 571 509 600 847 842 400 200 200 0 0 10
Slide 11: Select Marketing Initiatives
Select Marketing Initiatives 9
Slide 12: Highlights
Highlights People reached People reached Retail counters through ATL, through on-ground branding completed sponsorships and events & exhibitions social media across India 10 Cr+ 0.5 Cr+ 2300+ Nos *The data mentioned above are not unique & may contain overlaps within the platforms 2
Slide 13: Brand Integrations
Brand Integrations TV campaigns ,Cinema Branding, In-Film integrations, Cricket- IPL TV campaigns- Weather branding in regional Ganapati Festival TV campaign on leading Marathi news channels. Cinema Branding – Kalki news channels in 13 states Cumulative reach of more than 3 Cr movie (on more than 40
Slide 14: Branding
Branding Retail Branding, Wall wrap branding, On-ground, Exhibitions 4
Slide 15: Outreach Programs- Pandharpur Wari
Outreach Programs- Pandharpur Wari Wari Celebrations with on ground activities such as Kunchi, PP Bag distribution, Raincoats for Police, Hari Path book distribution and conducting Medical camps with MMF. On-air support from ABP Majha and IBN Lokmat with digital reach of 7.9+ Lakh views through infl
Slide 16: Outreach Programs- Rath Yatra
Outreach Programs- Rath Yatra Rath Yatra Celebrations with on ground presence with devotees, VIP Darshan, Finolex branding, memento gifting and on-air support from News 18 Odisha, Odisha TV and Kanak News with digital reach of 4.7+ Lakh views through influencers. • Event Footfall ~ 15Lakhs Activity
Slide 17: Outreach – Ganesh Chaturthi
Outreach – Ganesh Chaturthi 7
Slide 18: Social Media Communications
Social Media Communications Digital amplification of on-ground events and communication AI video stories campaign for Ganpati festival Whatsapp communication: Product, Regular Social media communication – Reach: 1.5 Cr , Views: 75 L Notifications, festive communication Rath Yatra Influencer campaign
Slide 19: PR Outreach
PR Outreach Rath Yatra Campaign-Odisha 24, Odisha Pandharpur Wari campaign- Business Ganpati festival campaign-Adgully, Cerebral Palsy awareness Stand, Yuva Samay, Orissa Diary, Odisha News This Week, SME Street, Konexio MediaNews4U, APN News, Business and diagnosis- India Today Haat etc. Network, N
Slide 20: CSR Update
Mukul Madhav Foundation Established 1999) CSR Update
Slide 21: Presence of Mukul Madhav Foundation in India
Presence of Mukul Madhav Foundation in India Mukul Madhav Foundation (MMF), the CSR partner of FIL is engaged in various CSR activities all across India States where MMF is present States where MMF is not present 16
Slide 22: Commitment Towards the 17 UN Sustainable Development Goals
Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 17
Slide 23: 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 24: CSR activities Q2 FY25 - some snapshots
CSR activities Q2 FY25 - some snapshots Promoting Preventive Healthcare Agriculture & Rural Development Promoting Gender Equality ▪ 396th Mammography Camp Organised At Bharati Hospital ▪ Organised Shakti Run Mini Marathon in Bhopal, Madhya Pradesh ▪ Supported Pilgrims Of Pandharpur Wari Palkhi, Maha
Slide 25: CSR activities Q2 FY25 - some snapshots
CSR activities Q2 FY25 - some snapshots Support to Differently Abled Promotion of Vocational Skills, Livelihoods and Education Safe Drinking Water & Sanitation ▪ Plumbing Training Centre Inaugurated At Vadodara Central Jail ▪ Celebrated Raksha Bandhan Across Institutions In India ▪ Completed Renovat
Slide 26: CSR activities Q2 FY25 - some snapshots
CSR activities Q2 FY25 - some snapshots Eradication of Hunger and Poverty Other Key Impact Initiatives Animal Care and Environment Sustainability ▪ Provided Relief And Support During Floods In Assam ▪ Provided Support to Families Affected By Torrential Rains in Maval, ▪ MMF Team Undertakes Cross-Lea
Slide 27: THANK YOU
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 27
Slide 28: Volume Data
Finolex Industries Limited. Volume Data Sr. No. Particulars Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 1 Production in MT a PVC Resin 53,817 29,961 65,846 64,564 59,956 45,596 61,531 65,381 40,272 39,579 61,624 68,312 53,096 37,517
Slide 29: Press Release: Robust volume growth however margins impacted
FOR IMMEDIATE RELEASE Robust volume growth however margins impacted Pune, 24 Oct 2024: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the second quarter ended Sept 30, 2024. Key Financial Highlights (Standalone): (INR- Cr
Slide 30: Q2 FY25 Highlights
Q2 FY25 Highlights: • Volume in Pipes & Fittings segment increased by 10% to 69,341 MT against 62,914 MT in Q2FY24. • Total income from operations was ₹ 828.43 Cr down 6% against ₹ 883.15 Cr in Q2FY24. • Volume in PVC Resin segment increased by 7% to 40,236 MT against 37,516 MT in Q2FY24. • EBITDA s
Slide 31: 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