Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q3 FY2024 Earnings Presentation
23 slides from Finolex Industries's earnings presentation, Oct 1, 2023
Slide 1: Investor Presentation Q3 FY 2023-24
Investor Presentation Q3 FY 2023-24
Slide 2: Strong margins despite lower volumes
Strong margins despite lower volumes Q3 FY24 9M FY24 Segment Revenue – Q3 FY24 Rs Cr Slight reduction in Revenue decreased by 9% Total revenues for 9MFY24 revenues due to y-o-y to Rs 1,019.69 Cr in reduced by 5.3% y-o-y to muted resin sales Q3FY24 vs Rs.1,124.76 Cr in 992 Rs 3,082.01 Cr compared
Slide 3: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -9% 31% 15% 16% 1,124.76 1,019.69 119.90 883.15 91.87 102.98 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] 30% -19% -5% 25% 125.65 119.79 92.06 1,55,092 1,25,049 1,00,430 Q3 F
Slide 4: Segment Performance – Key highlights Q3 FY24
Segment Performance – Key highlights Q3 FY24 P&F sales volume (MTs) PVC sales volume (MTs)* -10% -32% 29% 17% 64,696 90,396 81,312 37,516 43,737 62,914 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 148% 8% 10% 51% 74.24 30.88 20.40 68.90 1
Slide 5: Pipes and Fittings
Segment Performance – Key highlights Q3 FY24 Pipes and Fittings 991.61 Cr 81,312 MT 74.24 Cr (8%) y-o-y (10%) y-o-y 8% y-o-y Revenue Volume EBIT 321.07 Cr 43,737 MT 30.88 Cr Resin (36%) y-o-y (32%) y-o-y 148% y-o-y Revenue Volume EBIT 5
Slide 6: EBITDA Movement Q3 FY24 vs. Q3 FY23
EBITDA Movement Q3 FY24 vs. Q3 FY23 Rs Cr 29.01 119.90 91.87 108.30 (4.21) (105.07) EBITDA Revenue Materials Employee Other expenses EBITDA Q3 FY23 consumed benefit expenses Q3 FY24 6
Slide 7: EBITDA Movement 9M FY24 vs. 9M FY23
EBITDA Movement 9M FY24 vs. 9M FY23 Rs Cr 37.48 375.92 450.32 (13.01) 75.11 (173.98) EBITDA Revenue Materials Employee Other expenses EBITDA 9M FY23 consumed benefit expenses 9M FY24 7
Slide 8: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Crores Q3 FY24 Q3 FY23 9M FY24 9M FY23 Change Change Total Income from 1,019.69 1,124.76 -9% 3,082.01 3,255.99 (5%) operations EBITDA gain/ (loss) 119.90 91.87 31% 375.92 75.11 401% EBITDA % 11.8% 8.2% 12.2% 2.3% 429% Depreciation 27.57 22.50 89.34 65.40 Profi
Slide 9: PVC Prices and PVC/EDC Delta
0 200 400 600 800 1000 1200 1400 1600 1800 2000 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 PVC (USD/MT) Jul-22 Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24 0 200 400 600 800 1000 1200 PVC Prices and PVC/EDC Delta Jan-20
Slide 10: Select Marketing Initiatives
Select Marketing Initiatives 10
Slide 11: Branding in cricket & reality shows
Branding in cricket & reality shows Brand integration in high affinity sports and TV programmes to ensure mass visibility. Cricket World cup Campaign- Oct Mat branding – Ind vs SA Test series & Nov’23 Nov’23 Khatron Ke Khiladi – Oct’23 11 11
Slide 12: Brand integrations |TV campaigns
Brand integrations |TV campaigns Brand visibility through presence on popular news channels during festive period. NFCT TV campaigns during Durga Puja & Navratri festivals Weather branding on TV9, News 18 network, PTC news & Zee Sarthak Sansar Awards News Tamil 12 12
Slide 13: Social media marketing & digital marketing campaigns
Social media marketing & digital marketing campaigns Durga Puja 2023 Diwali wishes 2023 CPVC & SWR Product campaigns Festive communication on Social media 13 13 13
Slide 14: On ground festival branding & exhibitions
On ground festival branding & exhibitions • Tapped diverse cultural cues and stakeholder sentiments during festive period across multiple locations. • Participated in leading industry exhibitions Dussehra & Diwali Arch branding Christmas Celebration with Top Dealers in South region Indian Plumbing C
Slide 15: Retail branding & OOH in important clusters
Retail branding & OOH in important clusters Umbrella branding in Mysore, Bangalore, Hyderabad Auto branding Mysore, Coimbatore, Jaipur, Bhopal, Indore, Raipur, Kolkata PAN India Retail branding OOH Hoardings Jaipur & Raipur Bus shelter & Bus panel branding in Karnataka Wall Painting – Indore, Ludhia
Slide 16: CSR Update
Mukul Madhav Foundation Established 1999 CSR Update
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 we are present States where we are not present 17
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 18
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 Q3 FY24 - some snapshots
CSR activities Q3 FY24 - some snapshots Agriculture and rural development Support for Differently-Abled Promotion for Education Supported 9,500+ persons with disabilities, 320+ Cochlear Signed an agreement with Marathwada Mitra Mandal Polytechnic Illuminated Jalapura Village, Gujarat, with 100
Slide 21: CSR activities Q3 FY24 - some snapshots
CSR activities Q3 FY24 - some snapshots Eradicating Extreme Hunger and Poverty Ensuring Environmental Sustainability Promoting Preventive Healthcare Working consistently to ensure communities can lead a life of Attended the two-day UN SDG Conference in Pune which featured FIL-MMF organized awa
Slide 22: Awards and recognition to MMF
Awards and recognition to MMF Mr Ajit Venkataraman, Managing Director, FIL receiving ‘Corporate Catalyst Award’ on behalf of MMF from Mrs Ritu Chhabria, Managing Trustee, MMF received ‘Women of Global Fund for Widows, New York Influence Award’ from Institute of Directors, London 22
Slide 23: THANK YOU
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 23