Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY20 Earnings Presentation
28 slides from Finolex Industries's earnings presentation, Aug 10, 2019
Slide 1: Exchange cover letter for results presentation
Regisfered Office / Urse Plant Tel +91 2114 237251 | 237253 Limited Finolex lndustries Toll Free 1800 200 3466 Tal.-Maval, Fax +91 2114 237252 Gat No. 399, Village Urse, India Email investors@finolexind.com ffi=FinOlex Dist. Pune 410 506, Maharashtra, CIN L401OBPN'198,|PLC024153 Web finolexwater.com
Slide 2: Finolex Industries Limited Q1 FY20 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q1 FY20RESULTS RESULTS
Slide 3: Q1FY20 vs Q1FY19 – Business Performance Highlights
Q1FY20 vs Q1FY19 – Business Performance Highlights Revenue - Revenue registered a y-o-y growth of 14.0% to Rs 9,438 mn Volume - PVC Resin volume registered a y-o-y increase of 14.7% to 78,512 MT. - Pipe and Fittings volume registered a y-o-y growth of 18.1% to 91,655 MT. Operating Performance (EBIT)
Slide 4: Business Performance – Q1FY20
Business Performance – Q1FY20 * Including inter segment transfer 3
Slide 5: Q1FY20 Results Summary
Q1FY20 Results Summary Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * Revenue (excl. duties and taxes) (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 4
Slide 6: Profit & Loss Account – Q1FY20
Profit & Loss Account – Q1FY20 Inc / Dec Particulars (INR Mn) Q1FY20 Q1FY19 (%) Total Income from operations 9,438 8,279 14.0% EBIDTA 1,236 1,939 -36.3% EBIDTA margin (%) 13.1% 23.4% Depreciation 168 162 EBIT 1,068 1,777 -39.9% EBIT % 11.3% 21.5% Other Income 57 137 Finance costs 9 52 Profit before
Slide 7: EBIDTA Bridge Chart Q1FY20
EBIDTA Bridge Chart Q1FY20 (INR Mn) IND AS 6
Slide 8: Business Performance Trends
Business Performance Trends Pipes & Fittings Volumes (MT) PVC (USD/MT) Source: Platts Polymerscan weekly reports PVC Volumes (MT) PVC/EDC Delta (USD/MT) * 7
Slide 9: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Total income from operations * 7,307 4,753 7,227 8,091 8,278 5,426 7,566 9,642 9,438 EBIDTA 1,306 496 1,133 1,879 1,939 1,249 1,250 1,465 1,236 EBIDTA margins (%) 17.9% 10.4% 15.7% 23.2% 23.
Slide 10: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Segmental revenues * PVC 5,137 2,742 4,598 5,158 5,042 3,266 4,840 5,594 5,349 PVC pipes & fittings 6,104 4,250 5,320 6,827 7,225 4,705 5,906 7,911 8,512 Segmental profits PVC 1001
Slide 11: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY14 FY15 FY16* FY17* FY18* FY19* Revenue from Operations (excl. excise duty) 24,531 24,762 24,819 26,024 27,378 30,913 Growth in sales (YoY %) 14.37% 0.94% 0.23% 4.85% 5.20% 12.91% EBIDTA before exceptional items 3,966 2,111 4,044 5,630
Slide 12: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* Equity and liabilities Share capital 1,241 1,241 1,241 1,241 1,241 1,241 1,241 Reserves and surplus 5,971 6,656 6,633 14,458 21,673 26,405 24,043 Long term borrowings 1,397 2,322 1,837 - - - - Short term bor
Slide 13: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 12
Slide 14: 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 15: Opportunities – Agriculture sector
crore. Opportunities – Agriculture sector … continues to be thrust area -Allocation for Agriculture stands at -New Jal Shakti Mantralaya set up for -Ease of doing business and ease of -Allocations for interest rates management of water resources living to apply to farmers. APMC- subsidies for short
Slide 16: Opportunities - Non-Agriculture sector
Opportunities - Non - Agriculture sector i.e. housing and infrastructure … also continues to be thrust area -Under the ‘House for All by 2022’ mission, the government - The Company has tied-up with the American - Swachh Bharat Mission (Gramin) has brought aims to build 1.95 crore houses under the Pr
Slide 17: Budget 2019 - Impetus for Agriculture and Non Agriculture Sector
Budget 2019 - Impetus for Agriculture and Non Agriculture Sector Agriculture Non - Agriculture • National Rural Drinking Water Mission - allocation increased by • 1.95 crore houses to be constructed under the flagship housing scheme Pradhan Mantri Awas Yojana • 49% Y-o-Y for FY20 at Rs 8,201 Crs • P
Slide 18: Distribution reach, Offices, Works and Warehouses
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 18,000 retail touch points Delhi Masar Cu ack Pune Urse Ratnagiri Corporate Office at Pune Works Warehouse Branc
Slide 19: CSR activities in Q1FY20 – some snapshots
CSR activities in Q1FY20 – some snapshots Life saving equipment worth Rs. 77 individual toilets equipped with Desilt and clean Masar village pond 312 women farmers felicitated supported 80 lakh donated to Sassoon solar lights inaugurated in the villages under Sujalam Sufalam Water with Seeds and Tra
Slide 20: CSR activities in Q1FY20 – some snapshots
Awards CSR activities in Q1FY20 – some snapshots Health Camp conducted at Yerwada jail FIL and CSR partner MMF received the where 265 women prisoners and 14 children Economic Times Rotary CSR award for underwent health check-up . distinguished service to the society at the 149 were identified with m
Slide 21: Branding Activities
Branding Activities CNBC NSE FinWiz Bengali Movie “Durgeshgorer Guptodhon” Employee Interaction done between FIL Ratnagiri Integration and Screening - West Bengal employees and the Financial experts 20
Slide 22: Pandharpur Wari 2019
Pandharpur Wari 2019 Distribution to warkaris – PP bags – 2 Lakh Hari Path - 1 Lakh. Kunchi – 25,000. Gandhi Caps- 10,000. 21
Slide 23: Shareholding Pattern as on June 30, 2019
Shareholding Pattern as on June 30, 2019 Promoters Others 35% 52% 2% Foreign Portfolio Investors 11% 4.02% Mutual Funds 22
Slide 24: 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 25: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 1 Production in MT a PVC Resin 40,937 83,266 67,143 63,805 34,528 81,839 82,672 52,757 45,839 76,686 84,221 51,785 b PVC pipes & fittings 40,416 44,844 57,071 7
Slide 26: Q1FY20 Earnings Release
PAT down by 28.7 % Q1FY20 Revenue INR 9,438 mn Earnings Release EBIDTA INR 1,236 mn PAT INR 725 mn Finolex Industries Limited, Pune, India, August 10, 2019: Finolex Industries Limited (NSE:FINPIPE | BSE:500940), India’s largest manufacturer of PVC Pipes & Fittings, at its Board Meeting held today an
Slide 27: Profit and Loss Account Summary Table
Profit and Loss Account Summary Table Inc / Dec Particulars (INR Mn) Q1FY20 Q1FY19 (%) Total Income from operations 9,438 8,279 14.0% EBIDTA 1,236 1,939 -36.3% EBIDTA margin (%) 13.1% 23.4% Depreciation 168 162 EBIT 1,068 1,777 -39.9% EBIT % 11.3% 21.5% Other Income 57 137 Finance costs 9 52 Profit
Slide 28: Contact Details
PVC Complex. We are the first Indian PVC Pipes manufacturer to have been awarded the ISO 9001:2008 Certification. Our major strength lies in our skilled workforce. We recognize and attribute our operating excellence and success to our employees. We have a widespread presence throughout the country,