Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q3 FY21 Earnings Presentation
24 slides from Finolex Industries's earnings presentation, Feb 1, 2021
Slide 1: Cover letter to stock exchanges
Registered Office I Urse Plant Tel +912114237251 I 237253 Finolex Industries Limited Toll Free 1800 200 3466 Gat No. 399, Village Urse , Tal.-Maval , Fax +9 1 2114 237252 Dist. Pune 410 506, Maharashtra , Ind ia Email investors@fi nolexi nd. com CIN L40108PN1981 PLC024153 Web finolexpipes.com FIL/SE
Slide 2: Finolex Industries Ltd Q3 FY21 Results
FINOLEX INDUSTRIES LTD Q3 FY21 RESULTS
Slide 3: Q3 FY21 vs. Q3 FY20 – Business Performance Highlights
Q3 FY21 vs. Q3 FY20 – Business Performance Highlights Revenue - Total revenue registered a y-o-y growth of 52.5% to Rs. 1,066.88 Cr Volume - PVC Pipes and Fittings volume registered a y-o-y growth of 4.7% to 55,299 MT. - PVC Resin volume registered a y-o-y growth of 14.5% to 67,741 MT. Operating Per
Slide 4: Summarised Income Statement – Q3 FY21
Summarised Income Statement – Q3 FY21 Inc / Dec Particulars (INR Cr) Q3FY21 Q3FY20 (%) Total Income from operations 1,066.88 699.40 52.5% EBITDA 346.66 138.96 149.5% EBITDA margin (%) 32.5% 19.9% Depreciation 19.85 18.76 EBIT 326.81 120.20 171.9% EBIT % 30.6% 17.2% Other Income 18.16 6.20 Finance co
Slide 5: Summarised Income Statement – 9M FY21
Summarised Income Statement – 9M FY21 Inc / Dec Particulars (INR Cr) 9MFY21 9MFY20 (%) Total Income from operations 2,214.73 2,219.87 -0.2% EBITDA 579.67 345.50 67.8% EBITDA margin (%) 26.2% 15.6% Depreciation 58.02 54.93 EBIT 521.65 290.57 79.5% EBIT % 23.6% 13.1% Other Income 58.94 28.36 Finance c
Slide 6: Business Performance – Q3 FY21
Business Performance – Q3 FY21 * Including Inter-segment transfer
Slide 7: Q3 FY21 Results Summary
Q3 FY21 Results Summary 4.7% 14.5% 149.5% 174.2% 52.5% * Including Inter-segment transfer
Slide 8: EBITDA Bridge Chart Q3 FY21
“anole EBITDA Bridge Chart Q3 FY21 Rs Cr 367.48 (161.10) 2.09) (2.09) 3.41 346.66 138.96 EBITDA Revenue Materials Employee Other EBIFDA Q3FY20 consumed benefit expenses Q3FY21 expenses
Slide 9: Business Performance Trends
Business Performance Trends *Source: Platts Polymerscan weekly reports
Slide 10: Summarised Quarterly Income Statements
Summarised Quarterly Income Statements Particulars (INR Cr) Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Total income from operations 756.6 964.2 943.8 576.7 699.4 766.1 562.1 585.8 1,066.9 EBITDA 138.9 146.5 123.6 82.0 139.0 104.1 88.2 144.8 346.7 EBITDA margins (%) 18.4% 15.2% 13
Slide 11: Quarterly Segmental Performance
Quarterly Segmental Performance Particulars (INR Cr) Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Segmental revenues PVC 484.0 559.4 534.9 302.7 408.0 433.6 294.3 368.1 692.0 PVC pipes & fittings 590.6 791.1 851.2 517.0 553.5 632.2 507.0 500.8 725.8 Segmental profits PVC 80.9 81.0
Slide 12: Summarised Annual Income Statements
Summarised Annual Income Statements Profit & loss account (INR Cr) FY14 FY15 FY16* FY17* FY18* FY19* FY20* 9MFY21* Revenue from Operations 2,453.1 2,476.2 2,481.9 2,602.4 2,737.8 3,091.3 2,986.0 2,214.7 (excl. duties and taxes) Growth in sales (YoY %) 14.4% 0.9% 0.2% 4.9% 5.2% 12.9% -3.4% -0.2% EBIT
Slide 13: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Cr) FY14 FY15 FY16* FY17* FY18* FY19* FY20* H1FY21* Equity and liabilities Share capital 124.1 124.1 124.1 124.1 124.1 124.1 124.1 124.1 Reserves and surplus 665.6 663.3 1,445.8 2,167.3 2,640.5 2,404.3 1,805.7 2,158.7 Long term borrowings 232.2 183.7
Slide 14: Key Ratios
Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income)
Slide 15: 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 16: Footprints
Footprints 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 21,000 retail touch points Delhi Masar Pune Urse Ratnagiri Corporate Office at Pune Works Warehouse B
Slide 17: CSR Activities in Q3 FY21 – some snapshots
CSR Activities in Q3 FY21 – some snapshots Healthcare & Eradicating Poverty Promotion of Sports – Fueling the racing passion Promotion Of Education – Accessible and Quality Education • Supported Kalam Center with 4,000 meals on 89th Birth • Supported Bengaluru's Yash Aradhya who is set to race • Sch
Slide 18: CSR Activities in Q3 FY21 – some snapshots
CSR Activities in Q3 FY21 – some snapshots CSR Times Award President’s award for Philanthropy Other Highlights • Received the CSR Times Award in the Silver category • Our Director, Ritu Prakash Chhabria felicitated with • Supported 67 senior citizens housed at Abhalmaya for our 9-month long endeavou
Slide 19: Special Covid 19 Support: 'Give with Dignity'
Special Covid 19 Support : ‘GIVE WITH DIGINITY’ FIL & MMF have been working relentlessly to support the various needs for Groceries, PPE kits, Healthcare , Safety kits that has arisen from this pandemic across India in the last 9 months ‒ A special Diwali drive to support the marginalized sections o
Slide 20: Print, Magazine Ads, & Other Branding Activities
Print, Magazine Ads, & Other Branding Activities Dusshera Magazine Ads/ Festive Diwali
Slide 21: Trade and Consumer Engagement & Navratri Festival Association
Trade and Consumer Engagement & Navratri Festival Association Online Event Series & Live Mahalaxmi Aarti to Devotees , circulation of Dandiya & News ‘ Mehar Ranjat Festival VTF – Gujarat Navratri Special Navratri Festival Association
Slide 22: Trade Channel & Consumer Engagement
Trade Channel & Consumer Engagement Diwali Festive gifts to Trade Channel Partners and Key Influencers , and distribution of winter clothes
Slide 23: 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
Slide 24: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 1 Production in MT a PVC Resin 81,839 82,672 52,757 45,839 76,686 84,221 51,785 41,347 83,370 70,891 13,785 43,338 84,016 b PVC pipes & fittings 61,887 7