Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2023 Earnings Presentation
22 slides from Finolex Industries's earnings presentation, March 2023
Slide 1: Investor Presentation Q4 FY 2022-23
Investor Presentation Q4 FY 2022-23 1
Slide 2: Segment Performance – Key highlights Q4 FY23
Segment Performance – Key highlights Q4 FY23 P&F sales volume (MTs) PVC sales volume (MTs) 4% -27% -10% -10% 90,396 79,182 81,452 64,696 58,132 78,629 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) -4% -25% 31% 843%. 94.20 90.32 156.46 68.90 117.25 12.43 Q4 FY22 Q3
Slide 3: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -18% -28% 137% 1% 264.66 1,594.57 217.43 1,124.76 1,141.06 91.87 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] -17% -12% -10% 135% 259.81 1,57,811 1,55,092 216.37 92.06 1,39,5
Slide 4: Reported record volume growth supported by a healthy demand
Reported record volume growth supported by a healthy demand Q4 FY23 FY23 Segment Revenue – Q4 FY23 Rs Cr Strong volumes Total revenue decreased by Total revenue decreased by coupled with 28% y-o-y to Rs.1,141 Cr 5% y-o-y to Rs.4,397 Cr muted PVC prices from Rs.1,595 Cr. compared to Rs.4,647 1,10
Slide 5: Pipes and Fittings
Segment Performance – Key highlights Q4 FY23 Pipes and Fittings 1,102.11 Cr 81,452 MT 90.32 Cr (14%) y-o-y 4% y-o-y (4%) y-o-y Revenue Volume EBIT 501.29 Cr 58,132 MT 117.25 Cr (52%) y-o-y (27%) y-o-y (25%) y-o-y Resin Revenue Volume EBIT 5
Slide 6: EBITDA Movement Q4 FY23 vs. Q4 FY22
EBITDA Movement Q4 FY23 vs. Q4 FY22 Rs Cr 264.66 449.07 10.30 217.43 (53.09) (453.51) EBITDA Revenue Materials Employee Other expenses EBITDA Q4 FY22 consumed benefit expenses Q4 FY23 All Numbers are on standalone basis, excluding exceptional items 6
Slide 7: EBITDA Movement FY23 vs. FY22
EBITDA Movement FY23 vs. FY22 Rs Cr 1,023.74 (250.28) 1.17 (223.01) 292.54 (259.08) EBITDA FY22 Revenue Materials Employee Other expenses EBITDA FY23 consumed benefit expenses All Numbers are on standalone basis, excluding exceptional items 7
Slide 8: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Crores Q4 FY23 Q4 FY22 FY23 FY22 Change Change Total Income from operations 1,141.06 1,594.57 -28% 4,397.05 4,647.32 -5% EBITDA gain/ (loss)* 217.43 264.66 -18% 292.54 1023.74 -71% EBITDA % 19.06% 16.60% - 6.65% 22.03% - Depreciation 23.80 21.55 10% 89.20 83.4
Slide 9: Balance sheet – Key indicators
Balance sheet – Key indicators Rs. Crores 31-Mar-23 31-Mar-22 Equity and liabilities Share capital 123.67 124.10 Reserves and surplus 4,701.23 3,739.66 Long term borrowings - Short term borrowings (including loans repayable in one year) 526.41 278.03 Assets Fixed assets (Net block) 1,037.57 992.33 C
Slide 10: PVC Prices & PVC/EDC Delta
0 200 400 600 800 1000 1200 1400 1600 1800 2000 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 PVC (USD/MT) Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 PVC Prices & PVC/EDC Delta Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 0 1000 1200 200 400 600 800 Apr-19 Ju
Slide 11: Select Marketing Initiatives
Select Marketing Initiatives 11
Slide 12: TV & Digital ad campaigns | Outdoor marketing activities
TV & Digital ad campaigns | Outdoor marketing activities Holi Film Mar’22 Reach: 1.2 Cr + Views: 32.8 L+ TV campaign (FCT & NFCT) Festive & topical ads on digital channels Retail branding and outdoor marketing activities
Slide 13: Brand Integration | Festival Celebration | Topical communication
Brand Integration | Festival Celebration | Topical communication Social media Posts- Festive Wishes In-film Integration BIGG BOSS Marathi -Grand Finale ‘Finolex Pipes’ in film integration and Print ads –Navbharat & Social media Posts- Festive Wishes Saamna realty shows 13
Slide 14: Various Other Events
Various Other Events Mega Retailer Meet Plumber meets Cinema screening, Particiaption in local festivals & popular exhibitions Amplifying on ground events across digital 14 platforms
Slide 15: CSR Update
CSR Update FINOLEX PIPES
Slide 16: 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 we are present States where we are not present 16
Slide 17: 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 18: 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 19: CSR Activities in Q4 FY23 – some snapshots
CSR Activities in Q4 FY23 – some snapshots Eradicating extreme hunger & poverty Support for Differently-Abled Promotion for Education 82 holistic nutrition kits provided to Tuberculosis patients Signed an agreement to provide healthcare and vocational 3500+ individual students supported with s
Slide 20: CSR Activities in Q4 FY23 – some snapshots
CSR Activities in Q4 FY23 – some snapshots Promoting Preventive Healthcare Promoting Gender Equality Safe Drinking Water & Sanitation 15,936 individual patients supported; 1,750 medical 31,577 women benefited under this program. MMF is continuously working towards providing communities profess
Slide 21: CSR- Awards and Recognitions
CSR- Awards and Recognitions Letter of appreciation is received from HELP Foundation, Managing Trustee, Mrs. Ritu Prakash Chhabria featured in the Jammu and Kashmir highlighting MMF’s partnership and Women’s Day Edition of the NRI World Magazine continued association from the COVID-19 pandemic
Slide 22: Contact: Mr. Abhay Amlekar
Mr. Abhay Amlekar aba@finolexind.com D-1/10, MIDC Chinchwad, Pune 411 009 020 2740 8200 I 1-800-2003266 22 www.finolexpipes.com