Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY2021 Earnings Presentation
25 slides from Finolex Industries's earnings presentation, August 2020
Slide 1: Finolex Industries Limited Q1 FY21 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q1 FY21RESULTS RESULTS
Slide 2: Q1FY21 vs Q1FY20 – Business Performance Highlights
Q1FY21 vs Q1FY20 – Business Performance Highlights Revenue - Revenue registered a y-o-y decline of 40.4% to Rs. 5,621 mn Volume - PVC Resin volume registered a y-o-y decline of 42.1% to 45,435 MT.. - Pipe and Fittings volume registered a y-o-y decline of 42.3% to 52,911 MT. Operating Performance (EB
Slide 3: Profit & Loss Account – Q1FY2021
Profit & Loss Account – Q1FY2021 Inc / Dec Particulars (INR Mn) Q1FY21 Q1FY20 (%) Total Income from operations 5,621 9,438 -40.4% EBITDA 882 1,236 -28.6% EBITDA margin (%) 15.7% 13.1% Depreciation 188 168 EBIT 694 1,068 -35.0% EBIT % 12.3% 11.3% Other Income 83 57 Finance costs 33 9 Profit before ex
Slide 4: Business Performance – Q1FY2021
Business Performance – Q1FY2021 * Including inter segment transfer 4
Slide 5: Q1FY21 Results Summary
Q1FY21 Results Summary 3.0% 6.3% 42.3% 42.1% Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * 7.3% 3.4% 25.9% 40.4% 24.0% 28.6% Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 5
Slide 6: EBITDA Bridge Chart Q1FY21
EBITDA Bridge Chart Q1FY21 (INR Mn) 6
Slide 7: 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 8: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Total income from operations 8,278 5,426 7,566 9,642 9,438 5,767 6,994 7,661 5,621 EBIDTA 1,939 1,250 1,389 1,465 1,236 820 1,384 1,041 882 EBIDTA margins (%) 23.4% 23.0% 18.4% 15.2% 13.1% 1
Slide 9: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Segmental revenues PVC 5,042 3,266 4,840 5,594 5,349 3,027 4,080 4,336 2,943 PVC pipes & fittings 7,225 4,705 5,906 7,911 8,512 5,170 5,535 6,322 5,070 Segmental profits PVC 1,236
Slide 10: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* FY20* Revenue from Operations (excl. duties and taxes) 21,448 24,531 24,762 24,819 26,024 27,378 30,913 29,860 Growth in sales (YoY %) 2.1% 14.4% 0.9% 0.2% 4.9% 5.2% 12.9% -3.4% EBIDTA before excepti
Slide 11: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* FY20* Equity and liabilities Share capital 1,241 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 18,057 Long term borrowings 1,397 2,322 1,837 - -
Slide 12: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 12
Slide 13: 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 14: Budget 2020/Stimulus Package: Agriculture sector
Budget 2020/Stimulus Package: Agriculture sector … continues to be thrust area A budget allocation of ₹2.83 lakh “Nal se Jal” by 2024 Pradhan Mantri Krishi Sinchayee Financing on Negotiable crore for the sector Rs. 3.60 lakh crore approved for Jal Yojana (PMKSY) Warehousing Receipts (e- co
Slide 15: Budget 2020/Stimulus Package: Housing and Infrastructure
Budget 2020/Stimulus Package: Non - Agriculture sector i.e. Housing and Infrastructure … also continues to be thrust area “Housing for All” by 2022 Deen Dayal Antyodaya Yojana – 0.5 crore Rs.12, 300 crore allocation for Swachh Project Atal Mission for Rejuvenation & Urban households mobilize
Slide 16: 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 17: CSR Activities in Q1 FY 2020-21 – some snapshots
CSR Activities in Q1 FY 2020-21 – some snapshots ‘Impact Across India & Across CSR Mandated Areas’ Agriculture & Rural Development Armed Forces & Veteran Support Disaster Relief after Three natural Calamities • Focussed on creating opportunities for farmers and • Supported army widows with grocery e
Slide 18: CSR Activities in Q1 FY 2020-21 – some snapshots
CSR Activities in Q1 FY 2020-21 – some snapshots ‘Impact Across India & Across CSR Mandated Areas’ Ensuring Environmental Sustainability Eradication Of Hunger Gender Equality • Water conservation projects in Katfal in Solapur and • MMF has been providing hygienic meals to 100 • Supported 50 women wi
Slide 19: CSR Activities in Q1 FY 2020-21 – some snapshots
CSR Activities in Q1 FY 2020-21 – some snapshots ‘Impact Across India & Across CSR Mandated Areas’ Promotion Of Education Preventive Health Care & Support to Differently Abled Other Highlights • 2,511 Students supported with educational assistance • With major focus in healthcare, we have been • Sup
Slide 20: COVID-19: Support to Plumbers, Hospitals & Community at Large
COVID 19 : Support to Plumbers, Hospitals & Community at Large For last five months FIL & MMF have been working relentlessly to support the various needs for Groceries, PPE kits, Healthcare , Safety kits that has arisen from this pandemic across India. - Grocery Kits 40,695 - Medical Equipments 112
Slide 21: COVID-19: Aid Distribution to Mandir Samiti & Pandharpur Police
COVID19 : Aid Distribution to Mandir Samiti & Pandharpur Police
Slide 22: Retail Branding: COVID-19 Social Distancing POSM
Retail Branding : COVID 19 Social Distancing POSM
Slide 23: Trade Channel & Consumer Engagement
Trade Channel & Consumer Engagement Online Live Concerts/ Events – ‘Kailash Kher’ & ‘Chotti Si Asha’ Campaign/Retail Branding
Slide 24: Shareholding Pattern as on June 30, 2020
Shareholding Pattern as on June 30, 2020 4.02% 24
Slide 25: 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