Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2024 Earnings Presentation
32 slides from Finolex Industries's earnings presentation, May 10, 2024
Slide 1: Presentation on Audited Financial Results cover letter to exchanges
10th May, 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 Q4 FY 2023-24
Investor Presentation Q4 FY 2023-24
Slide 3: Strong performance across all operating matrices
Strong performance across all operating matrices Q4 FY24 FY 2024 Segment Revenue – Q4 FY24 PVC Pipes & Fittings volume PVC Pipes & Fittings volume r Rs Cr Overall volume increased 23% y-o-y to ose by 11% y-o-y to 3,36,577 growth led by 1,00,171 MT growth in P&F MT PVC Resin volume increased
Slide 4: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) 8% -4% 21% 74% 1,141.06 1,235.42 217.43 208.93 1,019.69 119.89 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] 1% 21% 83% 35% 169,386 216.37 218.73 139,584 125,049 119.79 Q4 FY2
Slide 5: Segment Performance – Key highlights Q4 FY24
Segment Performance – Key highlights Q4 FY24 P&F sales volume (MTs) PVC sales volume (MTs)* 23% 19% 58% 23% 100,171 69,215 81,452 81,312 58,132 43,737 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 47% -44% 79% 113% 132.81 117.25 90.32 74.2
Slide 6: Pipes and Fittings
Segment Performance – Key highlights Q4 FY24 Pipes and Fittings 1,182.18 1,00,171 MT 132.81 Cr 7% y-o-y 23% y-o-y 47% y-o-y Revenue Volume EBIT 507.48 Cr 69,215 MT 65.63 Cr Resin 1% y-o-y 19% y-o-y (44%) y-o-y Revenue Volume EBIT 5
Slide 7: EBITDA Movement Q4 FY24 vs. Q4 FY23
EBITDA Movement Q4 FY24 vs. Q4 FY23 Rs Cr 94.36 217.43 20.40 208.93 (114.55) (8.71) EBITDA Revenue Materials Employee Other expenses EBITDA Q4 FY23 consumed benefit expenses Q4 FY24 6
Slide 8: Business Performance of the Company (FY 2024 vs. FY 2023)
Business Performance of the Company (FY 2024 vs. FY 2023) Revenue (Rs Cr) EBITDA (Rs Cr) -2% 100% 4,397.05 4,317.43 584.85 292.54 FY 2023 FY 2024 FY 2023 FY 2024 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] -2% 106% 542,663 533,119 613.49 297.49 FY 2023 FY 2024 FY 2023 FY 2024 7
Slide 9: Segment Performance – Key highlights (FY 2024 vs. FY 2023)
Segment Performance – Key highlights (FY 2024 vs. FY 2023) P&F sales volume (MTs) PVC sales volume (MTs)* 11% -18% 336,577 303,026 239,638 196,542 FY 2023 FY 2024 FY 2023 FY 2024 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 31% 160% 401.09 120.03 91.90 154.18 FY 2023 FY 2024 FY 2023 FY
Slide 10: Pipes and Fittings
Segment Performance – Key highlights FY 2024 Pipes and Fittings 4,185.15 3,36,577 MT 401.09 Cr 2% y-o-y 11% y-o-y 160% y-o-y Revenue Volume EBIT 1,485.81 Cr 1,96,542 MT 120.03 Cr Resin (35%) y-o-y (18%) y-o-y 31% y-o-y Revenue Volume EBIT 9
Slide 11: EBITDA Movement FY 2024 vs. FY 2023
EBITDA Movement FY 2024 vs. FY 2023 Rs Cr 57.88 584.85 335.77 (21.72)) 292.54 (79.62) EBITDA Revenue Materials Employee Other expenses EBITDA FY 2023 consumed benefit expenses FY 2024 10
Slide 12: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Crore Q4 FY24 Q4 FY23 FY2024 FY2023 Change Change Total Income from 1,235.42 1,141.06 8.3% 4,317.43 4,397.05 (1.8%) operations EBITDA gain/ (loss) 208.93 217.43 (3.9%) 584.85 292.54 99.9% EBITDA % 16.9% 19.1% 13.5% 6.7% Depreciation 26.68 23.80 116.02 89.20 Pr
Slide 13: Summarised Balance Sheet
Summarised Balance Sheet Rs. Crore 31-Mar-24 31-Mar-23 Equity and liabilities Share capital 123.67 123.67 Other Equity 5,414.17 4,701.23 Long term borrowings - - Short term borrowings (including loans repayable in one year) 381.95 526.41 Assets Fixed assets (Net block) 1,040.08 1,037.57 Capital WIP
Slide 14: PVC Prices and PVC/EDC Delta
200 400 600 800 1000 1200 1400 1600 1800 2000 0 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Aug-22 PVC (USD/MT) Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 1050 1200 0 150 300 450 600 750 900 Apr-20 PVC Prices and PVC/ED
Slide 15: Select Marketing Initiatives
Select Marketing Initiatives 14
Slide 16: Brand integrations | TV campaigns
Brand integrations |TV campaigns Brand visibility through presence on popular news and entertainment channels Ram Mandir Inauguration TV Ad campaigns on majority of Presence on prominent news regional channels across major states channels and digital platforms Weather branding on TV9, News 18 networ
Slide 17: Social media marketing & digital marketing campaigns
Social media marketing & digital marketing campaigns World Water Day Holi 2024 Views: 22.5 Lakh Views: 43.7 Lakh Festive & Topical communication on Social media CPVC & SWR Product campaigns in various cities 16 16
Slide 18: Brand Sponsorships & Integrations
Brand Sponsorships & Integrations DCCI Disability Cup Contributed to brand awareness & Pune Cyclothon IPL Campaign- Mar’24 fostered positive sentiment in the CSR sphere 17 17
Slide 19: On ground festival branding & exhibitions
On ground festival branding & exhibitions • Participated in leading industry exhibitions & Topical Occasions Indian Plumbing Conference, PAN India Pumber meet on Pongal Festival gates, Tamilnadu Kisan Agri Show - Hyderabad Ahmedabad World Plumbing day 18 18
Slide 20: Retail branding & OOH in important clusters
Retail branding & OOH in important clusters Delhi | Indore | Ahmedabad | Surat | Rajkot | Bhopal Auto branding in some of the cities |Chennai Umbrella distribution PAN India Retail branding Bus shelters in Karnataka , Bus panel branding, Bus wrap OOH branding in Raipur, Coimbatore, Thiruvanamalai, A
Slide 21: CSR Update
Mukul Madhav Established 1999 CSR Update
Slide 22: 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 21
Slide 23: Commitment Towards the 17 UN Sustainable Development Goals
Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 22
Slide 24: 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 forces/vetera
Slide 25: CSR activities Q4 FY24 - some snapshots
CSR activities Q4 FY24 - some snapshots Agriculture and rural development Promotion of Sports for differently abled Promotion for Education MMF organized a 10-day intensive training in beekeeping and MMF has supported more than 9,500 persons with disabilities, MMF, in its various initiatives,
Slide 26: CSR activities Q4 FY24 - some snapshots
CSR activities Q4 FY24 - some snapshots Eradicating Extreme Hunger and Poverty Ensuring Environmental Sustainability Promoting Preventive Healthcare Working consistently to ensure communities can lead a life of MMF, to promote environmental sustainability and protect life- MMF has completed sc
Slide 27: Other initiatives by MMF in collaboration with FIL
Other initiatives by MMF in collaboration with FIL On 12 March 2024, MMF, in collaboration with Finolex Industries Limited commemorated the birth anniversary of our Founder, Late Shri Pralhad P Chhabria, with several projects and initiatives: - Roti Making Machine for Tribal Girls At Rashtriya Bal K
Slide 28: THANK YOU
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 27
Slide 29: Volume Data
Finolex Industries Limited. Volume Data Sr. No. Particulars Q2 FY20 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 1 Production in MT a PVC Resin 41,347 83,370 70,891 13,785 43,338 84,016 83,896 53,817 2
Slide 30: Press release: Finolex Industries closes Q4FY24 on a strong note
FOR IMMEDIATE RELEASE Finolex Industries closes Q4FY24 on a strong note with a ~ 23% volume growth Reports PBT of Rs. 613.49 Cr for financial year 2024 – up 106% versus last year Pune, 10 May 2024: Finolex Industries Limited (NSE: FINPIPE|BSE:500940) at its Board Meeting held today announced unaudit
Slide 31: Q4 FY24 Highlights
Q4 FY24 Highlights: Total income from operations was up 8.27% to Rs 1,235.42 Cr for Q4FY24 against Rs 1,141.06 Cr in Q4FY23. Volume in Pipes & Fittings segment increased by 22.98% to 1,00,171 MT in Q4FY24 against 81,452 MT in Q4FY23. Volume in PVC Resin segment was up 19.07% to 69,215 MT in Q4
Slide 32: 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