Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY2024 Earnings Presentation
25 slides from Finolex Industries's earnings presentation
Slide 1: Investor Presentation Q2 FY 2023-24
Investor Presentation Q2 FY 2023-24
Slide 2: Volume growth continues with healthy margin performance
Volume growth continues with healthy margin performance Q2 FY24 H1 FY24 Segment Revenue – Q2 FY24 Slight reduction in revenue Revenues Total revenues for H1FY24 decreased on by 6% y-o-y to Rs. 883.15 Cr reduced by 3.2% to account of decline in Q2FY24 vs Rs.941.13 Cr in 857 Rs 2,062.32 Cr compare
Slide 3: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -6% NA -25% -32% 152.47 102.98 1,179.17 941.13 883.15 (142.67) Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] NA -11% -16% -27% 149.32 125.65 1,38,255 (129.25) 1,13,281 1,00,43
Slide 4: Segment Performance – Key highlights Q2 FY24
Segment Performance – Key highlights Q2 FY24 P&F sales volume (MTs) PVC sales volume (MTs)* 6% -31% -32% -19% 54,063 92,181 46,074 37,516 59,218 62,914 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) NA NA -47% 554% 20.40 126.44 3.12 67.60 (
Slide 5: Pipes and Fittings
Segment Performance – Key highlights Q2 FY24 Pipes and Fittings 857.15 Cr 62,914 MT 67.60 Cr 7% y-o-y 6% y-o-y (NA) y-o-y Revenue Volume EBIT 297.85 Cr 37,516 MT 20.40 Cr Resin (38%) y-o-y (31%) y-o-y (NA) y-o-y Revenue Volume EBIT 5
Slide 6: EBITDA Movement Q2 FY24 vs. Q2 FY23
EBITDA Movement Q2 FY24 vs. Q2 FY23 Rs Cr 322.38 102.98 (7.98) (10.77) (142.67) (57.98) EBITDA Revenue Materials Employee Other expenses EBITDA Q2 FY23 consumed benefit expenses Q2 FY24 6
Slide 7: EBITDA Movement H1 FY24 vs. H1 FY23
EBITDA Movement H1 FY24 vs. H2 FY23 Rs Cr 342.01 7.62 255.45 (8.80) (16.76) (68.62) EBITDA H1FY23 Revenue Materials Employee Other expenses EBITDA H1FY24 consumed benefit expenses 7
Slide 8: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Crores Q2 FY24 Q2 FY23 H1FY24 H1FY23 Change Change Total Income from operations 883.15 941.13 (6.2%) 2,062.32 2,130.94 (3.2%) EBITDA gain/ (loss) 102.98 (142.67) NA 255.45 (16.76) NA EBITDA % 11.7% (15.2%) 12.4% (0.8%) Depreciation 27.38 21.56 61.77 42.90 Prof
Slide 9: Summarised Balance Sheet
Summarised Balance Sheet Rs. Cr 30-Sep-23 31-Mar-23 Equity and liabilities Share capital 123.67 123.67 Reserves and surplus 5,399.15 4,701.23 Long term borrowings - - Short term borrowings (including loans repayable in one year) 591.30 526.41 Assets Fixed assets (Net block) 1,028.84 1,037.57 Capital
Slide 10: PVC Prices and PVC/EDC Delta
1000 1400 1600 1800 1200 2000 200 600 800 400 0 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 PVC (USD/MT) May-22 Jul-22 Sep-22 PVC Prices and PVC/EDC Delta Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 1000 1200 200 600 800 400 0 Sep-19
Slide 11: Select Marketing Initiatives
Select Marketing Initiatives 9
Slide 12: Brand promotion through Festival Celebrations and on-ground events
Brand promotion through Festival Celebrations and on-ground events • Tapped diverse cultural cues and stakeholder sentiments during festive period across multiple locations • Distribution of Finolex Pipes merchandise such as caps, PP bags, Raincoats & Hand fans to the devotees Distribution of Bookle
Slide 13: Increasing brand recall through Cinema Screening, Topical communication, TV branding
Increasing brand recall through Cinema Screening| Topical communication |TV branding • High affinity integration in cinemas. • Topical wishes through digital media and print ads in various newspaper publications Cinema Screenings Weather and Festive branding Social Media Festive Wishes Colors TV Pri
Slide 14: Campaigns – Radio, Retail, on-ground events for branding
Campaigns – Radio, Retail, on-ground events for branding PAN India Retail branding My FM's Ganesh Chaturthi initiative collected wishes across Maharashtra and delivers them to "8 GANESHA’s (ASHTAVINAYAK)," with a broad presence at events and engagement with Finolex Dealers & Retailers, fostering rel
Slide 15: Finolex Brand and Product Film
Finolex Brand and Product Film • Leveraging Film Integrations: Strategic film integration with key occasions has enhanced our brand visibility, brand awareness, trust, sense of belonging, and relationships.. • Enhancing Product Placements and Marketing Campaigns: These films have had a positive impa
Slide 16: Awards and Recognition
FINOLEX PIPES Awards and Recognition
Slide 17: Awards and recognition
Awards and recognition Award received in an event organized by Navbharat Times for Mr Prakash Chhabria’s outstanding contribution in making Maharashtra the state with the highest GDP in India FIL wins 2 Brand revitalization award & an award for marketing campaign of the year 14
Slide 18: CSR Update
FINOLEX PIPES CSR Update
Slide 19: 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 we are present States where we are not present 16
Slide 20: Commitment Towards 17 UN Sustainable Development Goals
Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 17
Slide 21: Actively engaged in 15 out of 16 CSR Mandated Areas
Actively engaged 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 force
Slide 22: CSR activities Q2FY23 - some snapshots
CSR activities Q2FY23 - some snapshots Agriculture and rural development Support for Differently-Abled Promotion for Education Supported 9500+ persons with disabilities 6000+ individual students supported with scholarships and 10,000 residents of Abhor Village, Masar, Gujarat, were impacted ho
Slide 23: CSR activities Q2FY23 - some snapshots
CSR activities Q2FY23 - some snapshots Eradicating Extreme Hunger and Poverty Ensuring Environmental Sustainability Promoting Preventive Healthcare Continuously and dedicatedly working to ensure communities Vrikshaprasad Initiative (to donate trees) launched in the presence of MMF has been sup
Slide 24: Awards and recognition to MMF
Awards and recognition to MMF District Collector Award for a TB Free India CSR Times Award 14
Slide 25: THANK YOU
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 25