Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY22 Earnings Presentation
22 slides from Finolex Industries's earnings presentation, Oct 30, 2021
Slide 1: Filing cover letter to stock exchanges
Registered Office I Urse Plant Tel +91 2114 237251 I 237253 Finolex Industries Limited Toll Free 1800 200 3466 Gat No. 399, Village Urse, Tal.-Maval , Fax +91 2114 237252 Dist. Pune 410 506, Maharashtra, India Email investors@finolexind.com Cl N L40108PN 1981 PLC024153 Web finolexpipes.com FIL / SEC
Slide 2: Investor Presentation Q2 FY22
Investor Presentation Q2 FY22
Slide 3: Strong performance on all parameters on YoY basis
Strong performance on all parameters on YoY basis Q2 FY22 H1 FY22 Segment Revenue - Q2 FY22 Rs Cr Total revenue registered a Total revenue registered a Highest ever Q2 y-o-y growth of 84.9% to y-o-y growth of 78.5% to and H1 results 654 Rs. 1,083 Cr Rs. 2,049 Cr 900 Significant EBITDA more tha
Slide 4: Segment Performance – Key highlights Q2 FY22
Segment Performance – Key highlights Q2 FY22 Pipes and Fittings 899.63 Cr 55,453 MT 57.45 Cr 79.6% y-o-y 27.1% y-o-y 46.2% y-o-y Revenue Volume EBIT 654.34 Cr 52,029 MT 230.59 Cr 77.9% y-o-y 9.2% y-o-y 132.7% y-o-y Resin Revenue Volume EBIT 3
Slide 5: Segment Performance – Key highlights H1 FY22
Segment Performance – Key highlights H1 FY22 Pipes and Fittings 1,745.02 Cr 1,11,272 MT 101.09 Cr 73.1% y-o-y 15.3% y-o-y 11.4% y-o-y Revenue Volume EBIT 1,281.45 Cr 1,02,278 MT 388.44 Cr 93.6% y-o-y 9.9% y-o-y 217.6% y-o-y Resin Revenue Volume EBIT 4
Slide 6: Business Performance by Segment
Business Performance by Segment P&F Volume (MTs) PVC Volume (MTs) (0.7)% 27.1% 9.2% 3.5% 55,819 55,453 43,618 52,029 50,249 47,630 Q2 FY21 Q1 FY 22 Q2 FY 22 Q2 FY21 Q1 FY 22 Q2 FY 22 P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 46.2% 132.7% 31.7%) 46.1% 57 231 39 44 158 99 Q2 FY21 Q1 FY 22 Q2 FY 22 Q2 FY21 Q1
Slide 7: Business Performance of the company
Business Performance of the company Revenue (Rs Cr) EBITDA (Rs Cr) 84.9% 108.3% 12.1% 43.9% 966 1,083 301 210 586 145 Q2 FY21 Q1 FY 22 Q2 FY 22 Q2 FY21 Q1 FY 22 Q2 FY 22 PAT (Rs Cr) Liquid Investments* (Rs Cr) 96.4% 124.9% 60.1% 51.5% 235 916 147 605 120 407 Q2 FY21 Q1 FY 22 Q2 FY 22 Q2 FY21 Q1 FY 2
Slide 8: EBITDA Movement Q2 FY22 vs. Q2 FY21
EBITDA Movement Q2 FY22 vs. Q2 FY21 7
Slide 9: Summarised Income Statement
Summarised Income Statement Rs. In Crores Q2FY22 Q2FY21 YOY Change H1FY22 H1FY21 YOY Change Total Income from operations 1,082.95 585.55 85% 2,048.67 1,147.44 79% EBITDA 301.46 144.76 108% 510.98 233.02 119% EBITDA margin (%) 27.8% 24.7% 24.9% 20.3% Depreciation 20.61 19.34 40.67 38.17 EBIT 280.85 1
Slide 10: PVC Prices & PVC/EDC Delta
PVC Prices & PVC/EDC Delta PVC (USD/MT) PVC/EDC Delta (USD/MT) 9
Slide 11: Key Strategies
Key Strategies EXPANDING CAPACITY CASH-N-CARRY BRANDING FOOTPRINT EXPANSION Follow Cash-n-carry Promote brand and Expand distribution Increase installed model to keep the quality network in all capacities of PVC balance sheet light. consciousness geographies with higher pipes and fittings in amongst
Slide 12: Footprints
Footprints Distribution Reach Offices & Plants 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 Branch Office 11
Slide 13: CSR Activities in Q2 FY22 – some snapshots
CSR Activities in Q2 FY22 – some snapshots Promotion Of Education – Accessible and Quality Education Eradicating Extreme Hunger and Poverty Promoting Preventive Healthcare 60 Cataract surgeries, 6,500 Diabetic patients were financially Ensuring learning doesn’t stop due to lockdown, world 1 Cr
Slide 14: CSR Activities in Q2 FY22 – some snapshots
CSR Activities in Q2 FY22 – some snapshots Founders Day /Awards/Partnership Promoting Gender Equality and Empowering Women Other Key Initiatives Virtual Circus on 23rd Founders Day organised by Rambo Partnered with British Asian Trust to Tackle Child Trafficking Support to Galwan Valley Widows
Slide 15: CSR Activities in Q2 FY22 – some snapshots
CSR Activities in Q2 FY22 – some snapshots BAPIO Award Glimpse of GWD Glimpse of GWD 14
Slide 16: Print Ads, Magazine Ads, & Other Branding Activities
Print Ads, Magazine Ads, & Other Branding Activities Newspaper Ads Magazine Ads Gifting to Dealers & Retailers 15
Slide 17: Outdoor Advertising, Digital Marketing and Other Promotional Activities
Outdoor Advertising, Digital Marketing and Other Promotional Activities Strategic Micro Marketing Bus/Retail Branding Digital Marketing 16
Slide 18: Finolex Industries Limited
FINOLEX INDUSTRIES LIMITED & Mr Krishna Kumar (AGM Finance) e kck@finolexind.com 22 D-1/10, M.I.D.C. Chinchwad, Pune 411019 % 0202740 8200 | 1-800-2003266 www.finolexpipes.com 17
Slide 19: Volume Data
Finolex Industries Limited. Volume Data Sr. No. Particulars Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 1 Production in MT a PVC Resin 45,839 76,686 84,221 51,785 41,347 83,370 70,891 13,785 43,338 84,016 83,896 53,817 29,961 b PVC pipes & fittings 54,7
Slide 20: Finolex Industries posts highest ever Q2 results
FOR IMMEDIATE RELEASE Finolex Industries posts highest ever Q2 results Q2FY22 Net Revenue is up ~ 85% at Rs 1,082.95 Cr and EBITDA more than doubles to Rs. 301.46 Cr Pune, 30 October 2021: Finolex Industries Limited (NSE:FINPIPE|BSE:500940), India’s largest and only backward integrated manufacturer
Slide 21: Profit and Loss Account Summary Table
Profit and Loss Account Summary Table: (INR-Cr) Inc / Dec Particulars (Rs Cr) Q2FY22 Q2FY21 (%) Total Income from 1,082.95 585.55 84.9% operations EBITDA 301.46 144.76 108.3% EBITDA margin (%) 27.8% 24.7% Depreciation 20.61 19.34 EBIT 280.85 125.42 123.9% EBIT % 25.9% 21.4% Finance costs 0.41 0.77 O
Slide 22: About Finolex Industries and Mukul Madhav Foundation
Finolex Industries has a national presence with over 22,000 dealers, sub-dealers, and retailers in our network. With a skilled workforce of over 1,377 employees, Finolex operates on its core values of quality, trust and integrity helping us form lasting bonds with our varied stakeholders. About Muku