Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q3 FY2020 Earnings Presentation
29 slides from Finolex Industries's earnings presentation, Feb 12, 2020
Slide 1: 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 CIN L40108PN1981 PLC024153 Web finolexwater.com FIL/ SEC/DT
Slide 2: Finolex Industries Limited Q3 FY20 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q3 FY20RESULTS RESULTS
Slide 3: Q3FY20 vs Q3FY19 – Business Performance Highlights
Q3FY20 vs Q3FY19 – Business Performance Highlights Revenue Segment Revenue Rs. In mn - Revenue registered a y-o-y decline of 7.6% to Rs. 6,994 mn Volume - PVC Resin volume registered a y-o-y decline of 11.5% to 59,154 MT. 4,080 - Pipe and Fittings volume registered a y-o-y decline of 10.8% to 52,815
Slide 4: Profit & Loss Account – Q3FY20
Profit & Loss Account – Q3FY20 Inc / Dec Particulars (INR Mn) Q3FY20 Q3FY19 (%) Total Income from operations 6,994 7,566 -7.6% EBIDTA 1,384 1,389 -0.4% EBIDTA margin (%) 19.8% 18.4% Depreciation 188 196 EBIT 1,197 1,193 0.3% EBIT % 17.1% 15.8% Other Income 67 33 Finance costs 18 17 Profit before exc
Slide 5: Profit & Loss Account – 9MFY20
Profit & Loss Account – 9MFY20 Inc / Dec Particulars (INR Mn) 9MFY20 9MFY19 (%) Total Income from operations 22,199 21,271 4.4% EBIDTA 3,440 4,578 -24.9% EBIDTA margin (%) 15.5% 21.5% Depreciation 549 524 EBIT 2,891 4,054 -28.7% EBIT % 13.0% 19.1% Other Income 299 293 Finance costs 29 99 Profit befo
Slide 6: Business Performance – Q3FY20
Business Performance – Q3FY20 * Including inter segment transfer 5
Slide 7: Q3FY20 Results Summary
Q3FY20 Results Summary 11.5% 10.8% Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * 18.5% 7.6% 0.4% Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 6
Slide 8: EBIDTA Bridge Chart Q3FY20
EBIDTA Bridge Chart Q3FY20 (INR Mn) IND AS 7
Slide 9: 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) * 8
Slide 10: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Total income from operations * 7,227 8,091 8,278 5,426 7,566 9,642 9,438 5,767 6,994 EBIDTA 1,133 1,879 1,939 1,250 1,389 1,465 1,236 820 1,384 EBIDTA margins (%) 15.7% 23.2% 23.4% 23.0% 18.
Slide 11: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Segmental revenues * PVC 4,598 5,158 5,042 3,266 4,840 5,594 5,349 3,027 4,080 PVC pipes & fittings 5,320 6,827 7,225 4,705 5,906 7,911 8,512 5,170 5,535 Segmental profits PVC 870
Slide 12: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* Revenue from Operations 21,448 24,531 24,762 24,819 26,024 27,378 30,913 (excl. duties and taxes) Growth in sales (YoY %) 2.1% 14.4% 0.9% 0.2% 4.9% 5.2% 12.9% EBIDTA before exceptional 3,587 3,966 2,
Slide 13: 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 14: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 13
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: Budget 2020: Agriculture sector continues to be thrust area
Budget 2020: Agriculture sector … continues to be thrust area A budget allocation of ₹2.83 lakh Rs. 3.60 lakh crore approved for Jal Measures for organic, natural, Financing on Negotiable crore for the sector Jeevan Mission: and integrated farming: Jaivik Warehousing Receipts (e- comprising
Slide 17: Budget 2020: Opportunities - Non-Agriculture sector
Budget 2020: Opportunities - Non - Agriculture sector i.e. housing and infrastructure … also continues to be thrust area Budget 2020 saw the Housing Urban Affairs Ministry Outlay touch Rs 50,039.90 cr. (18.4% Deen Dayal Antyodaya Yojana – 0.5 crore Rs.12, 300 crore allocation for Swachh increa
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 Q3 FY 2019-20 – some snapshots
CSR Activities in Q3 FY 2019-20 – some snapshots EKelakabass a village in Jaipur which has plumbers B T Sahani school was refurbished and Finolex and Tata Strive which is the skill development in every family. An appeal was received from renovated with new classrooms in the English initiative of Tat
Slide 20: CSR Activities in Q3 FY 2019-20 – some snapshots
CSR Activities in Q3 FY 2019-20 – some snapshots A Celebral Palsy child Mast. Nehul Santosh Dhore, Pune, Age 6 yrs. With spastic Finolex Industries Ltd (FIL) and its CSR Partner Mukul Madhav Foundation (MMF) quadriplegia has been taking physiotherapy treatment from Sancheti Hospital, initiated a pro
Slide 21: CSR Activities in Q3 FY 2019-20 – some snapshots
CSR Activities in Q3 FY 2019-20 – some snapshots FIL & MMF organized blood donation camps at 3 230 patients were screened in the camp conducted An RO water filter was provided to support at locations of Finolex factory and office premises at Pune at Shirwal on 13th December Harneshwar School Kalas,
Slide 22: Krushik Exhibition
Krushik Exhibition • FIL was the Title Sponsor at Krushik held in Baramati from 16th to 19th Jan 2020 . The expo was inaugurated by Shri Uddhav Thackeray, Chief Minister , Maharashtra and also saw the presence of Shri Sharad Pawar , Member of Rajya Sabha and Supriya Sule , Member of Parliament • Mr.
Slide 23: Kisan Exhibition
Kisan Exhibition • Kisan Exhibition took place in Pune between 11-15 December 2019 . • FIL and Finolex Plasson participated in the exhibition on a sharing basis . Finolex Pipes showcased their entire Agricultural Pipes range to the farmers and Agricultural community attending the event . • 22
Slide 24: Retail Branding
Retail Branding
Slide 25: Radio & In-Film Integration – Zoya Factor
Radio & In- Film Integration – Zoya Factor • Relaunch of Popular Finolex Jingle “Finolex ne Aanla Pani , Sheta Pikli Sonya Vani“ • In-Film Integration – Zoya factor for 70 secs • Meet n Greet for Dealer’s families • Meet n Greet Shoot done • Meet n Greet video uploaded and promoted
Slide 26: Awards & Recognition
Awards & Recognition She was also felicitated by Indo European Business Forum with the prestigious "IEBF Excellence Award -2019 (UK)" for her eminent, innovative and historic contribution in the field of healthcare, social welfare and education. Ms Ritu Prakash Chhabria, Managing Trustee, Mukul Madh
Slide 27: Shareholding Pattern as on December 31, 2019
Shareholding Pattern as on December 31, 2019 Promoters Others 33% 52% 2% 12% Foreign Portfolio Investors 4.02% Mutual Funds 26
Slide 28: 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 29: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 1 Production in MT a PVC Resin 83,266 67,143 63,805 34,528 81,839 82,672 52,757 45,839 76,686 84,221 51,785 41,347 83,370 b PVC pipes & fittings 44,844 5