Finolex Cables Limited · NSE:FINCABLES
Finolex Cables — Q2 FY2024 Earnings Presentation
24 slides from Finolex Cables's earnings presentation, Nov 21, 2023
Slide 1: Exchange filing cover letter for investor presentation
FCL:SEC:SE:PRSN:23: 21st November 2023 Corporate Relations Department The Manager Mr Tom Schmit BSE Limited Listing Department Luxembourg Stock Exchange 1st Floor, New Trading Ring National Stock Exchange of India PO Box 165 Rotunda Building, P J Towers Ltd L-2011 Luxembourg Dalal Street, Fort `Exch
Slide 2: Q2 FY2024 Presentation
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Slide 3: Earnings Presentation Q2 FY2024
Q2 FY Q1 FY2022 2024 Earnings Presentation
Slide 4: Index
Finolex House Other Product Finolex in Numbers Financial Statement Our Key Differentiators Profit Bridge Our New Launch Financial Statement Social Media Post Financial Metrics INDEX Our Key Figure Key Figure All Product Our Key Figure Q2 2024 Shareholding Pattern Electr
Slide 5: Finolex House
Finolex House ; Commitment to consumer to offer them the whole range of Finolex quality product under one range. Finolex House:- Bangaluru, Gaziabad, Secunderabad, Raipur, Ranchi, Vadodara, Bhubaneshwar. Finolex Cables Limited | Q2FY24 Earning Presentation 6
Slide 6: Finolex In Numbers
Finolex In Numbers OUR KEY NUMBERS 5 Manufacturing sites 2,00,000 Retailers 26 Depots 1,546 Employees 5,000 Channel Partners 22% Market Share in the organised wires industry Revenue break-up (as on FY 2023) 1% 4% 13% 82% « Electrical Cables» Communication Cables » Copper Rods Other Products
Slide 7: Our Key Differentiators
Our Key Differentiators TECHNOLOGY PARTNERSHIPS EFFICIENT MANUFACTURING ‘Our tie-ups with technology partners have waa | CAPABILITIES helped us adapt and align our product Our five modern manufacturing and process capabilities to advanced facilities, strategically located, are technologies. Through
Slide 8: Our New Launch
Our New Launch Finolex FINOTOUCH 1 Gs ——— ae, Finolex XCEEDS XPECTATIONS SMART PASKORe PSSheAs
Slide 9: Finolex Cables Limited | Q2FY24 Earning Presentation
Finolex Cables Limited | Q2FY24 Earning Presentation 7
Slide 10: Key Highlights
Key Highlights Top Line (Revenue) Operating (EBITDA) Profitability (PAT) Q2 FY 24 : 1187 Crore Q2 FY 24 :229 Crore Q2 FY 24 : 166 Crore 9% Y-o-Y 15% Y-o-Y 21% Y-o-Y (1)% Q-o-Q 25% Q-o-Q 25% Q-o-Q FY24: 2392Crore FY24: 412Crore FY24: 298Crore 14% Y-o-Y 25% Y-o-Y 28% Y-o-Y Finolex Cables Limited | Q2F
Slide 11: Key Highlights-Q2 FY24
Key Highlights-Q2 FY24 REVENUE (Rs. In Crore) EBITDA (Rs. In Crore) PAT (Rs. In Crore) (% Margin) (% Margin) 1220 1204 250 229 180 166 1200 1187 160 199 1180 200 183 132 137 140 1160 120 1140 150 100 1120 1091 100 80 1100 1080 60 Q-o-Q Y-o-Y 50 Q-o-Q Y-o-Y 40 Q-o-Q Y-o-Y 1060 (1)% 9% 25% 15% 25% 21%
Slide 12: Electrical Cables Q2 FY24
Q2 FY24 Electrical Cables Q2 REVENUE (Rs. In Crore) EBIT (Rs. InCrore) Revenue Y-o-Y increased by 13% (% Margin) 1050 160 EBIT YoY up by 60% . 1011 140 140 133 989 In volume terms, Electrical Wires were up by 1000 Q-o-Q Y-o-Y 120 Q-o-Q (2)% 13% 10% and Cables were up by 37% . 950 100 5% Y-o-Y
Slide 13: Communication Cables Q2 FY24
Q2 FY24 Communication REVENUE (Rs. In Crore) EBIT (Rs. InCrore) Cables 165 159 3.10 3.02 (% Margin) Major OFC expansion expected from Govt 160 3.00 tenders on the Bharatnet project – however, 155 Q-o-Q Y-o-Y Q-o-Q Y-o-Y 150 2.90 (1)% tenders are yet to be floated and hence the fall 145 (0)% (14)%
Slide 14: Others Q2 FY24
Others Q2 FY24 Lighting and Conduit products saw REVENUE (Rs. In Crore) EBIT 1.00 (Rs. InCrore) (% Margin) 56 0.86 significant volume growth; however, 55 54 55 0.90 0.80 0.72 price erosion was severe in Lighting. 53 52 0.70 Other appliances – muted volumes; effect 51 Y-o-Y 0.60 Q-o-Q 50 Q-o-Q 19
Slide 15: Financial Statements
Financial Statements Finolex Cables Limited | Q2FY24 Earning Presentation
Slide 16: Standalone Statement of Profit and Loss Statement
Standalone Statement of Profit and Loss Statement (Rs. In Crore) Quarterly Year to Date Particulars Q2FY24 % Q1FY24 % Q2FY23 % YTD 23 % YTD 22 % Revenue from Operations 1,187.44 100% 1,204.25 100% 1,090.83 100% 2391.69 100% 2,106.48 100% Other Income 84.54 7% 38.81 3% 106.17 10% 123.35 5% 123.33 6%
Slide 17: Profit Bridge YTD September'24 VS September'23
Profit Bridge YTD September’24 VS September’23 (Rs. In Cr) 450.00 389.88 400.00 350.00 309.56 300.00 250.00 200.00 150.00 92.81 100.00 (12.13) 50.00 (0.47) (4.01) (0.06) 0.20 3.98 - PBT Sept'22 Margin Consumption, Repair & Employee Cost Provision for Advertising & Finance Cost PBT Sept'23 (50.00) In
Slide 18: Standalone Statement of assets and Liabilities
Standalone Statement of assets and Liabilities (Rs. In Crore) Note As at As at Note As at As at 30th 30th 30th 30th No. September September No. September September 2023 2022 2023 2022 I ASSETS II EQUITY AND LIABILITIES NON CURRENT ASSETS EQUITY (a) Property, Plant and Equipment 3 429.52 426.77 (a) E
Slide 19: Shareholding Pattern
Shareholding Pattern Shareholding Pattern 0.45 0.4 38.21% 35.92% 0.35 0.3 0.25 0.2 18.31% Percentage 0.15 0.1 7.55% 0.05 1% 0 Promoters Shareholding Mutual Fund & UTI Foreign Institutional Non Institutional Others Investors Investors Finolex Cables Limited | Q2FY24 Earning Presentation 18
Slide 20: Other Financial Metrics
Other Financial Metrics:- (Rs. In Crore) Working Capital in days Finance Cost Particulars Q2FY24 Q1FY24 Q2FY23 14 15 19 Particulars Receivable Days Q2FY24 Q1FY24 Q2FY23 16 13 16 Interest others 0.44 0.29 0.13 Payable Days 65 56 64 Inventory Days 0.44 0.29 0.13 33 37 39 Total Net working Capital Cash
Slide 21: Key Highlights Revenue of all product
Key Highlights Revenue of all product (Rs. In Crore) Electrical Cables CommunicationCables Copper Rod Others 1050 56 55 1011 165 500.00 447.24 55 989 159 54 1000 Y-o-Y 160 383.10 53 Q-o-Q 400.00 52 (2)% 13% 155 Y-o-Y 51 950 Q-o-Q 50 Y-o-Y 150 Y-o-Y 300.00 Q-o-Q 70% 261.60 49 Q-o-Q (0)% 14% 48 878 14
Slide 22: Our Product Port Folio
Our Product Port Folio Finolex Cables Limited | Q2FY24 Earning Presentation 21
Slide 23: Safe Harbour
Safe Harbour This report contains forward-looking statements, which may be identified by their use of words like ‘plans’, ‘expects’, ‘will’, ‘anticipates’, ‘believes’, ‘intends’, ‘projects’, ‘estimates’ or other words of similar meaning. All statements that address expectations or projections about
Slide 24: Thank you
Thank you Finolex Cables Limited Regd. Office: 26-27, Mumbai-Pune Road, Pimpri, Pune - 411 018. Tel.: +91-20-27475963 CIN: L31300MH1967PLC016531