Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY2025 Earnings Presentation
27 slides from Finolex Industries's earnings presentation, Jul 27, 2024
Slide 1: Filing cover letter to stock exchanges
27th July, 2024 The Manager – Listing Department The Manager – Listing Department National Stock Exchange of India Limited BSE Limited 5, Exchange Plaza Registered Office: Floor 25 Bandra-Kurla Complex P.J.Towers Bandra (East), Dalal Street Mumbai 400051 Mumbai 400 001 Scrip Code: FINPIPE Scrip Code
Slide 2: Investor Presentation Q1 FY 2024-25
Investor Presentation Q1 FY 2024-25
Slide 3: Business Performance
Business Performance Segment Revenue – Q1 FY25 Rs Cr Stable volume with Good improvement in the operating performance despite almost improved flattish volume in the pipes and fittings segment. performance Revenue decreased by 3% (Q1 FY25 : Rs.1,140 cr vs Q1 FY24 : 1,123 Rs.1,179 cr). 548 Overall
Slide 4: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -3% 36% -8% -1% 1,235 209 207 1,179 152 1,140 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] 53% 16% 5% -5% 219 229 1,69,386 1,60,245 1,38,255 149 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY
Slide 5: Segment Performance – Key highlights Q1 FY25
Segment Performance – Key highlights Q1 FY25 P&F sales volume (MTs) PVC sales volume (MTs)* -2% 51% -10% 1% 1,00,171 69,215 69,625 46,074 92,181 90,620 Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 6% 2,115% 1% 5% 134 66 69 133 126 3 Q1 FY
Slide 6: Pipes and Fittings
Segment Performance – Key highlights Q1 FY25 Pipes and Fittings Rs 1,123 Cr 90,620 MT Rs 134 Cr (3%) y-o-y (2%) y-o-y 6% y-o-y Revenue Volume EBIT Rs 69 Cr Rs 548 Cr 69,625 MT Resin 2,115% 53% y-o-y 51% y-o-y y-o-y Revenue Volume EBIT 5
Slide 7: EBITDA Movement Q1 FY25 vs. Q1 FY24
EBITDA Movement Q1 FY25 vs. Q1 FY24 Rs Cr 111.64 206.64 (5.70) (13.09) 152.47 (38.68) EBITDA Revenue Materials Employee Other expenses EBITDA Q1 FY24 consumed benefit expenses Q1 FY25 All numbers on Standalone basis excluding exceptional items 6
Slide 8: Summarised Income Statement
Summarised Income Statement Rs. Crores Q1 FY25 Q1 FY24 YOY Change Total Income from operations 1,140 1,179 -3% EBITDA 207 152 EBITDA % 18% 13% Depreciation 26 34 Profit before Interest and taxes 181 118 53% EBIT % 16% 10% Finance costs 7 9 Other Income 55 40 Profit before tax excluding 229 149 53% e
Slide 9: PVC Prices and PVC/EDC Delta
0 200 400 600 800 1000 1200 1400 1600 1800 2000 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 PVC (USD/MT) Dec-22 Mar-23 805 Jun-23 Q1FY24 Avg Sep-23 Dec-23 Mar-24 855 Jun-24 Q1FY25 Avg 200 400 600 800 1200 1000 0 PVC Prices and PVC/EDC Delta Jun-20 Sep-20 Dec-20 Mar-21 Jun-2
Slide 10: Select Marketing Initiatives
Select Marketing Initiatives 9
Slide 11: Brand Integrations
Brand Integrations TV campaigns ,Cinema Branding, In-Film integrations, Cricket- IPL TV campaigns- Weather branding in regional news Cinema branding campaign with Kalki movie In-film integration with channels Maharaja movie IPL cricket campaign for full season (AR logo bugs, SM contest): 11
Slide 12: Branding
Branding Retail Branding, Wall wrap branding, On-ground, Exhibitions, Conferences and Meets Gate Branding, Sahibabad- India’s largest pipe market CREDAI Meet (Ratnagiri) PAN India Retail Branding Builders event (Ahmedabad) Retail Meet - IPL Screening Mumbai 12
Slide 13: Branding
Branding Retail Branding, Wall wrap branding, On-ground, Exhibitions, Conferences and Meets Bus shelters branding, Wall wrap branding in Raipur, Coimbatore, Bus Wrap branding, Bus panel branding Tamil Thiruvanamalai, Ahmedabad, Surat, Baroda & New Retail branding creatives Nadu, Karnataka and Madhya
Slide 14: Outreach Programs
Outreach Programs Social media, Website, Gifting and Distribution at Festive Events Occasion relevant Social Media posts for MMF and FIL: Awards, Achievements, First monsoon, Environmental Day, Fathers Day and festivities Summer gifting for dealers Umbrella installations at Panchakroshi Yatra in Ujj
Slide 15: CSR Activities
CSR Activities Celebrating 10 years of Partnership: MMF and FIL Sense India Cyclothon, Ahmedabad: Shakti Run, Bhopal: Celebrating 10 years of MMF and FIL Raising awareness for the education and To champion safe public spaces for women inclusion of children with deafblindness and tackle gender-based
Slide 16: CSR Update
CSR Update Mukul Madhav Foundation Established 1999
Slide 17: Presence of Mukul Madhav Foundation in India
Presence of Mukul Madhav Foundation in India Mukul Madhav Foundation (MMF), the CSR partner of FIL is engaged in various CSR activities all across India States where MMF is present Moving towards bright future States where MMF is not present 16
Slide 18: Commitment Towards the 17 UN Sustainable Development Goals
Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 17
Slide 19: Actively engaged in 15 out of 16 CSR Mandated Areas
Actively engaged in 15 out of 16 CSR Mandated Areas ✅ Agriculture & rural development ✅ Promoting sports projects ✅ Safe drinking water and sanitation ✅ Ensuring environmental ✅ Support to differently abled sustainability ✅ Technology incubators ✅ Eradicating extreme hunger and ✅ Armed force
Slide 20: CSR activities Q1 FY25 - some snapshots
CSR activities Q1 FY25 - some snapshots Agriculture and rural development Promoting Sports for differently abled Promotion of Vocational Skills & Livelihoods MMF amongst its various initiatives, supported 145 women 542 benefited directly and 1,310 benefitted indirectly through Nari Supported M
Slide 21: CSR activities Q1 FY25 - some snapshots
CSR activities Q1 FY25 - some snapshots Eradicating Extreme Hunger and Poverty Ensuring Environmental Sustainability Promoting Preventive Healthcare MMF inaugurated a water project in Konikonur and Gholeshwar in MMF has undertaken various initiatives during the quarter to promote MMF is working
Slide 22: Awards received by MMF during Q1 FY25
Awards received by MMF during Q1 FY25 Mrs. Ritu Prakash Chhabria, Managing Trustee, Mukul Madhav Mukul Madhav Foundation has been honoured as the 2nd runner- Foundation, has been conferred with the Ellis Island Medal of Honor up at the 3rd Menstrual Hygiene Management (MHM) Conference- — one of the
Slide 23: Thank You
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 22
Slide 24: Earnings release: Key Financial Highlights (Standalone)
FOR IMMEDIATE RELEASE Reports strong operating performance despite stable volume growth Pune, July 27, 2024: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the first quarter ended June 30, 2024. Key Financial Highlights (
Slide 25: Volume Data
Finolex Industries Limited. Volume Data Sr. No. Particulars Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 1 Production in MT a PVC Resin 83,370 70,891 13,785 43,338 84,016 83,896 53,817 29,961 6
Slide 26: Q1 FY25 Highlights
Q1 FY25 Highlights: Total income from operations was down 3.28% to Rs 1,140.49 Cr for Q1FY25 against Rs 1,179.17 Cr in Q1FY24. Volume in Pipes & Fittings segment decreased by 1.69% to 90,620 MT in Q1FY25 against 92,181 MT in Q1FY24. Volume in PVC Resin segment was up 51.11% to 69,625 MT in Q1F
Slide 27: This is Finolex
This is Finolex: We are India’s most trusted PVC pipes and fittings manufacturer. Over the last 40 years, we have impacted the sanitation-plumbing and agricultural sectors with prudent investments across our value chain. Right from the sourcing of quality raw materials and resin production, to manuf