Fineotex Chemical Limited · NSE:FCL
Fineotex Chemical — Q2 FY2022 Earnings Presentation
24 slides from Fineotex Chemical's earnings presentation, Jul 1, 2021
Slide 1: Q2 and H1 FY2022 Earnings Presentation
Fineotex Chemical Limited (BSE: 533333; NSE: FCL) Q2 and H1 FY2022 Earnings Presentation Drilling Specialties Textile Specialties Home Care and Hygiene Specialties Other Specialties
Slide 2: Q2 FY2022 Consolidated Financial Highlights
Q2 FY2022 Consolidated Financial Highlights Surendrakumar Tibrewala Chairman and Managing Director Rs 784.9 mn Rs 147.9 mn Rs 111.2 mn Total Revenue EBITDA Net Profit “Fineotex Chemical continued to deliver a robust financial performance during the year with topline growth of over 43% compared to se
Slide 3: Upcoming Facility at Ambernath, Maharashtra
Upcoming Facility at Ambernath, Maharashtra About the Facility ➢ Located on ~4 acres of land ➢ Production will begin on 9th November 2021 ➢ State of the art technological updates have been implemented Strategic Advantages ➢ Caters to customer demands in the existing Textile Specialities and fast gro
Slide 4: Strategic Partnerships
Strategic Partnerships Strategic collaboration with Eurodye-CTC, Belgium, to commercialize specialty chemicals for the Indian market Addition to its portfolio, specialized pre-treatment and dyeing products for the cotton-synthetic and woollen fibre/ fabric/ yarn Facilitates an efficient production s
Slide 5: Strategic Partnerships
Strategic Partnerships Joint venture with HealthGuard, Australia to become Setting up a state of art Research & Development the exclusive global marketing and sales channel centre in collaboration with Sasmira Institute, one of partner with joint operations from Malaysia India’s premier textile inst
Slide 6: Investment Case
Investment Case • Consolidated revenues in Q2 FY22 of Rs. 785 mn, up 43.4% YoY; H1 FY22 of Rs. 1,418 mn, up 66.5% YoY Financial Performance • Consolidated EBITDA in Q2 FY22 of Rs. 148 mn, up 48.5% YoY; H1 FY22 of Rs. 246 mn, up 74.9% YoY • EBITDA Margins in Q2 FY22 18.8% and has expanded 66 bps YoY;
Slide 7: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 40.1% 37.1% 18.2% 23.3% 18.8% 34.4% 35.0% 34.7% 17.1% 15.5% 750 785 148 633 136 128 547 584 100 98 Q2 FY 21 Q3 FY 21 Q4 FY 21 Q1 FY 22 Q2 FY 22 Q2 FY 21 Q3 FY 21 Q4 FY 21 Q1 FY 22 Q2 FY
Slide 8: Consolidated P&L Summary: Q2 and H1 FY2022
Consolidated P&L Summary: Q2 and H1 FY2022 Particulars (Rs. Million) Q2 FY 22 Q2 FY 21 YoY% Q1 FY 22 QoQ% H1 FY 22 H1 FY 21 YoY% Revenue from Operations 784.9 547.5 43.4% 632.8 24.0% 1,417.7 851.3 66.5% COGS 494.0 359.0 37.6% 413.1 19.6% 907.1 568.7 59.5% Gross Profit 290.9 188.5 54.4% 219.7 32.4% 5
Slide 9: Strategic Direction
Strategic Direction Leverage Fineotex’s industry insights and long standing customer relationships with Biotex’s high end product expertise and regional positioning to serve global customers Fineotex+ Biotex Synergies Upcoming brownfield facility at Ambernath, Maharashtra to be future ready for next
Slide 10: Synergistic Business Model
Synergistic Business Model Fineotex - India Biotex - Malaysia • Diverse product portfolio (400+ categories) • Niche product portfolio (50+ categories) across business segments Overview • High end super speciality textile chemical • Applications primarily across the entire textile applications value
Slide 11: Manufacturing Platforms (GMP Certified)
Manufacturing Platforms (GMP* Certified) Location Operating Facts Strategic Advantages Manufacturing Excellence • Total Production • Strategically located plant near key Capacity: 36,500 MT port close to Mumbai with • Ambernath plant to logistical advantage to textile hubs gradually provide an acros
Slide 12: Focus on Growth and Diversification
Focus on Growth and Diversification Home Care and Hygiene Chemicals Drilling Speciality Chemicals Other Speciality Chemicals • Customised solutions for: • Customised solutions for Oil and Gas • A unique ‘Mosquito Life Cycle Controller’ product ▪ Housekeeping, Kitchen Care and Disinfectants • Signifi
Slide 13: Home Care and Hygiene Division
Home Care and Hygiene Division Diversified Product Offering • Air freshener • Hygienic hard surface Housekeeping • Carpet cleaner cleaner • Carpet shampoo • Multi surface cleaner • Deodorizers • Surface cleaner cum • Floor cleaner disinfectant • Furniture maintainer • Toilet bowl cleaner • Glass cle
Slide 14: Specialty Textile Chemicals Overview
Specialty Textile Chemicals Overview Steps Weaving Pre-treatment Dyeing Printing Finishing De-sizing, Dyeing, Rotary Exhaust Process Sizing Scouring, Washing, Printing, Padding Bleach Fixing Table Printing Enzymes, Dyes, Acids, Dyes, Binder Softeners, Wetting & Alkali Thickener, Fixer Product Polyme
Slide 15: Product Offerings from Biotex
Product Offerings from Biotex ‘The Bioguard Series’ of products from Biotex with water and oil repellent features in great demand post outbreak of COVID-19 15
Slide 16: Global Customer Reach
Global Customer Reach • Sales in ~70 countries including Brazil, Bangladesh, Germany, Indonesia, Malaysia, Singapore, Syria, Thailand, USA, Venezuela and Vietnam • 30+ technical marketing experts • 100+ dealers in Indian and International markets FY21 Revenue Mix 57% 43% Facilities at Mahape and Amb
Slide 17: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 44.5% 40.3% 37.3% 36.0% 35.5% 35.7% 33.2% 21.9% 21.0% 19.0% 18.6% 17.4% 16.5% 17.4% 2,185 1,823 1,963 1,344 1,429 1,418 405 347 342 295 300 851 246 141 FY 17 FY 18 FY 19 FY 20 FY 21 H1 FY
Slide 18: Consolidated Balance Sheet and Return Ratios Trend
Consolidated Balance Sheet and Return Ratios Trend (Rs Mn) Sep-20 Mar-21 Sep-21 Return on Equity (%) ST Debt 30 34 77 LT Debt 0 0 0 22.7% Total Debt 30 34 77 18.3% Cash & Cash Equivalent 314 339 309 15.8% Net Cash 284 305 231 Equity 1939 2161 2337 10.4% 8.4% 9.3% Total debt/Equity 0.02x 0.02x 0.03x
Slide 19: ESG Profile - Environment
ESG Profile - Environment Focusing on Environmental factors and make efforts to restore the environment • Product Free From Harmful Substances: Our products are not hazardous. We believe in developing our processes & products in a manner such that no harm is caused to life and nature. • Energy Consu
Slide 20: ESG Profile - Social
ESG Profile - Social Committed to improve economic, environmental and social performance 5% • Customer Satisfaction Survey: Consumer survey was conducted, We access the level of consumers’ satisfaction Attrition Rates towards the Organization’s Products & Services at various extension platforms such
Slide 21: ESG Profile - Governance
ESG Profile - Governance Focus on maximizing the wealth of shareholders, establish productive and lasting relationships with all shareholders 5 out of 8 board members • Corporate Governance Policies: The Company’s philosophy on Corporate Governance relates to creating an Are Independent and Non- org
Slide 22: ESG Accreditations
ESG Accreditations Key ESG Facts Certificates Bhive certified ISO 9001 ISO 14001 ISO 14045 ISO 45001 Blue Sign certified ISO 20000 SA 8001 OHSAS18001 ISO 22000 ECO Passport by OEKO-TEX Global Organic Textile Standard (GOTS) certified New Accreditations Hazard Analysis Critical Control Point (HACCP)
Slide 23: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Fineotex Chemical Limited (“Fineotex Chemical” or the Company) future bus
Slide 24: Fineotex Chemical Limited
Fineotex Chemical Limited FINEOTEX CHEMICAL LIMITED (CIN Number: L24100MH2004PLC144295) 42-43, Manorama Chambers, S. V. Road Bandra (West), Mumbai - 400 050, India Phone: (+91 - 22) 26559174 / 75, (+91 - 22) 26559176 / 77 Email: info@fineotex.com www.fineotex.com 24