Fineotex Chemical Limited · NSE:FCL
Fineotex Chemical — Q2 FY2024 Earnings Presentation
23 slides from Fineotex Chemical's earnings presentation, Nov 10, 2023
Slide 1: Fineotex Chemical – Earning Presentation Cover Letter
FINEOTEX® A Speciality Chemical Producing Public Listed Company November 10, 2023 To, General Manager, The Manager, Listing Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla
Slide 2: Q2 and H1 FY2024 Earnings Presentation
Fineotex Chemical Limited (BSE: 533333; NSE: FCL) Textile Specialties Q2 and H1 FY2024 Earnings Presentation Other Specialties Cleaning & Hygiene Specialties Drilling Specialties
Slide 3: Q2 FY2024 Consolidated Financial Highlights
Q2 FY2024 Consolidated Financial Highlights Surendrakumar Tibrewala Rs 1,453 mn Rs 382 mn Rs 315 mn Chairman and Managing Director Consolidated EBITDA Net Profit Revenue “Fineotex Chemical (FCL) is pleased to share that during the quarter, the Company delivered Consolidated Revenue of Rs. 1,453 8.2
Slide 4: Diversifying Its Business Portfolio
Diversifying Its Business Portfolio Overview of Textile Chemical segment Overview of the Cleaning and Hygiene segment Specialty chemicals producer with a focus on textiles Successfully diversified into the cleaning and hygiene chemicals business Team of 34 professionals for providing technical solut
Slide 5: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 26.3% 38.7% 37.1% 31.1% 18.8% 18.7% 785 1,343 1,453 148 251 382 Q2 FY 22 Q2 FY 23 Q2 FY 24 Q2 FY 22 Q2 FY 23 Q2 FY 24 PBT and PBT Margin PAT and PAT Margin 27.8% 19.8% 15.3% 15.0% 19.6%
Slide 6: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 37.8% 25.1% 35.7% 36.1% 21.8% 34.4% 30.7% 19.3% 18.6% 19.0% 1,126 5,170 3,682 712 697 2,701 2,775 513 2,185 406 FY 21 FY 22 FY 23 H1 FY 23 H1 FY 24 FY 21 FY 22 FY 23 H1 FY 23 H1 FY 24 PBT
Slide 7: Key Return Ratios Trend
Key Return Ratios Trend Return on Capital Employed (%) Return on Equity (%) 30.3% 28.6% 36.4% 34.5% H1 FY 23 H1 FY 24 H1 FY 23 H1 FY 24 ROE= PAT/Average Equity ROCE = EBIT/Average Capital Employed (Capital Employed = Total Equity + Short Term Borrowings + Long Term Borrowings) Receivable Days = (Tra
Slide 8: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle (Rs Mn) Sep-22 Mar-23 Sep-23 Working Capital Days ST Debt 2 73 18 190 LT Debt 0 0 0 164 Total Debt 2 73 18 Cash & Cash Equivalent 402 596 514 133 Net Cash 400 523 496 91 Equity 3,058 3,557 4,049 84 Total debt/Equity 0.001x 0.020x 0.004x Rating ICRA Long Ter
Slide 9: Consolidated P&L Summary: Q2 FY2024
Consolidated P&L Summary: Q2 FY2024 Particulars (Rs. Million) Q2 FY24 Q2 FY23 YoY% H1 FY24 H1 FY23 YoY% Revenue from Operations 1,452.7 1,343.1 8.2% 2,775.0 2,700.8 2.75% COGS 891.0 925.7 (3.7%) 1,725.6 1,872.0 (7.8%) Gross Profit 561.7 417.4 34.6% 1,049.4 828.8 26.6% Gross Profit Margin 38.7% 31.1%
Slide 10: Fineotex Strategic Rationale
Fineotex Strategic Rationale Fineotex Overview Customised Solution • Specialty chemicals producer with a focus on textiles chemicals Besides manufacturing specialty chemicals, we also offer customized technical solutions and services through our dedicated focus on R&D • Successful expansion into the
Slide 11: Focus on Growth and Diversification
Focus on Growth and Diversification Cleaning and Hygiene Chemicals Drilling Speciality Chemicals Other Speciality Chemicals • Customised solutions for: • Customised solutions for Oil and Gas • Non toxic eco-friendly solution designed with ▪ Housekeeping, Kitchen Care and Disinfectants • Significant
Slide 12: Strategic Partnerships
Strategic Partnerships Strategic collaboration with Eurodye-CTC, Belgium, to Strategic collaboration with HealthGuard, Australia to Setting up a state of art Research & Development commercialize specialty chemicals for the Indian become the exclusive global marketing and sales centre in collaboratio
Slide 13: Synergistic Business Model with Biotex
Synergistic Business Model with Biotex 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 applica
Slide 14: Manufacturing Platforms (GMP Certified)
Manufacturing Platforms (GMP* Certified) Location Operating Facts Strategic Advantages Manufacturing Excellence • Total Production Capacity of • The Ambernath plant is fungible and has the Mahape is 36,500 MT capabilities to manufacture products for both • Ambernath plant had the textile chemical an
Slide 15: Cleaning and Hygiene Division
Cleaning 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 clea
Slide 16: Key Products in the Specialty Textile Chemicals Segment
Key Products in the Specialty Textile Chemicals Segment 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, F
Slide 17: Global Customer Reach
Global Customer Reach • Sales in ~70 countries including Brazil, Bangladesh, Germany, Indonesia, Malaysia, Singapore, Syria, Thailand, USA, Venezuela and Vietnam • 34+ technical marketing experts • 110+ dealers in Indian and International markets Q2 FY24 Revenue Mix 23% 77% Facilities at Mahape and
Slide 18: Growth in Textile Chemical Industry and Cleaning and Hygiene
Growth in Textile Chemical Industry and Cleaning and Hygiene Textile Chemical Cleaning and Hygiene Growth outlook for Specialty Chemicals Growth outlook for Cleaning and Hygiene • Emerging markets provide companies with the opportunity • The growing consumer awareness of cleanliness and to produce c
Slide 19: Management Team
Management Team Surendra Kumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Arindam Choudhuri Education: B.Com and LLB Education: B.Com and P.G. in Textile Education: B.Com and M.Com Education: B.Tech and Marketing Chemicals and Processing Management Managing Director CFO Head - International Marke
Slide 20: Sustainability at its Core
Sustainability at its Core We place sustainability high on our agenda as it is an integral part of our business strategy 100% 21% 4,17,000 units Employees are covered Female employees in Electricity purchased in with health and accident FY22 FY22 insurance 100% employees Rs 50.00 Lakhs Zero Were giv
Slide 21: Fineotex ESG Accreditations
Fineotex ESG Accreditations Bhive certified Certificates Blue Sign certified ISO 9001 ISO 14001 ISO 14045 ISO 45001 Dun and Bradstreet Badge ECO Passport by OEKO-TEX ISO 20000 SA 8001 OHSAS18001 ISO 22000 Global Organic Textile Standard (GOTS) certified Hazard Analysis Critical Control Point Certifi
Slide 22: 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 23: 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 22