Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2020 Earnings Presentation
31 slides from Finolex Industries's earnings presentation, Jun 23, 2020
Slide 1: Stock exchange cover letter for results presentation
FIL/SEC/DT/SEs/2020-21/036 23rd June, 2020 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 Scr
Slide 2: Finolex Industries Limited Q4 FY20 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q4 FY20RESULTS RESULTS
Slide 3: As entire world faced difficult and unprecedented times
As entire world faced difficult and unprecedented times…… Team Finolex swung into action to mitigate the effects to the extent possible for all stakeholders. - Even before the lockdown came into force, social distancing and other precautionary steps were taken to ensure safety of all employees and o
Slide 4: Q4FY20 vs Q4FY19 – Business Performance Highlights
Q4FY20 vs Q4FY19 – Business Performance Highlights Segment Revenue Rs. In mn Revenue - Revenue registered a y-o-y decline of 20.5% to Rs. 7661 mn Volume 4,336 - PVC Resin volume registered a y-o-y decline of 21.5% to 60,100 MT. 6,322 - Pipe and Fittings volume registered a y-o-y decline of 22.7% to
Slide 5: Profit & Loss Account – Q4FY2020
Profit & Loss Account – Q4FY2020 Inc / Dec Particulars (INR Mn) Q4FY20 Q4FY19 (%) Total Income from operations 7,661 9,642 -20.5% EBIDTA 1,041 1,465 -29.0% EBIDTA margin (%) 13.6% 15.2% Depreciation 189 177 EBIT 852 1,288 -33.9% EBIT % 11.1% 13.4% Other Income 10 123 Finance costs 90 24 Profit befor
Slide 6: Profit & Loss Account – FY2020
Profit & Loss Account – FY2020 Inc / Dec Particulars (INR Mn) FY 2020 FY 2019 (%) Total Income from operations 29,860 30,913 -3.4% EBIDTA 4,481 6,043 -25.9% EBIDTA margin (%) 15.0% 19.5% Depreciation 738 701 EBIT 3,743 5,342 -29.9% EBIT % 12.5% 17.3% Other Income 308 416 Finance costs 119 123 Profit
Slide 7: Business Performance – Q4FY2020
Business Performance – Q4FY2020 * Including inter segment transfer 6
Slide 8: Q4FY20 Results Summary
Q4FY20 Results Summary 3.0% 6.3% 22.7% 21.5% Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * 3.4% 7.3% 25.9% 20.5% 29.0% 39.0% Revenue (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 7
Slide 9: EBIDTA Bridge Chart Q4FY20
EBIDTA Bridge Chart Q4FY20 (INR Mn) IND AS 8
Slide 10: 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) * 9
Slide 11: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Total income from operations * 8,091 8,278 5,426 7,566 9,642 9,438 5,767 6,994 7,661 EBIDTA 1,879 1,939 1,250 1,389 1,465 1,236 820 1,384 1,041 EBIDTA margins (%) 23.2% 23.4% 23.0% 18.4% 15.
Slide 12: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Segmental revenues * PVC 5,158 5,042 3,266 4,840 5,594 5,349 3,027 4,080 4,336 PVC pipes & fittings 6,827 7,225 4,705 5,906 7,911 8,512 5,170 5,535 6,322 Segmental profits PVC 1,24
Slide 13: 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 14: 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 15: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 14
Slide 16: 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 17: 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 18: 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 19: 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 20: CSR Activities in Q4 FY 2019-20 – Some Snapshots
CSR Activities in Q4 FY 2019-20 – Some Snapshots • 15th Re-Assessment camp organised in Ratnagiri screening • 3825 children screened from 13 schools in • 4 patients supported for Cochlea Implant during 96 children Ratnagiri and Pune January and March • 15 cases were referred for surgeries and 35 cas
Slide 21: CSR Activities in Q4 FY 2019-20 – some snapshots
CSR Activities in Q4 FY 2019-20 – some snapshots • Education Assistance to 23 students between January • RO Water Filter provided to Shree Chaitanya • Supporting War Hero’s at Paraplegic Rehab Centre, to March Vidyalaya, Nira, Indapur benefiting 560 students Pune • Stone Laying Ceremony concluded fo
Slide 22: CSR Activities in Q4 FY 2019-20 – some snapshots
CSR Activities in Q4 FY 2019-20 – some snapshots • FIL and MMF collaborated with Yuva Parivartan to • Donation of books and cupboard to Senior • Collaborated with Science and Technology Park build Safe Homes and provide a means of livelihood. Citizens Club at Indapur under the aegis of Dr Rajendra J
Slide 23: Channel Engagement – Celebrity Live Concerts
Channel Engagement – Celebrity Live Concerts We invited our channel partners (Dealers/ Sub Dealers/ MEP’s/ Builders/ Purchase Managers) for A.R. Rahman Live Concert, held at Pune and Arijit Singh Live Musical Nite held at Mumbai & Kolkata to further strengthen our channel relationship 22
Slide 24: Campaign/Retail Branding
ls, INDUSTRIES FinQlex Campaign/Retail Branding
Slide 25: Radio & In-Film Integration – Panga & Bonus
Radio & In- Film Integration – “Panga” & “Bonus” “Finolex ne Aanla Pani, Sheta Pikli Sonya Vani….“
Slide 26: Shareholding Pattern as on March 31, 2020
Shareholding Pattern as on March 31, 2020 Promoters Others 33% 52% 2% 13% Foreign Portfolio Investors 4.02% Mutual Funds 25
Slide 27: 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
Slide 28: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 1 Production in MT a PVC Resin 67,143 63,805 34,528 81,839 82,672 52,757 45,839 76,686 84,221 51,785 41,347 83,370 70,891 b PVC pipes & fittings 57,071 7
Slide 29: Q4FY20 Earnings Release
Revenue INR 7661 mn Q4FY20 EBIDTA INR 1041 mn Earnings Release PAT INR 557 mn Finolex Industries Limited, Pune, India, June 23, 2020: Finolex Industries Limited (NSE:FINPIPE | BSE:500940), India’s largest manufacturer of PVC Pipes & Fittings, at its Board Meeting held today announced audited financi
Slide 30: Profit and Loss Account Summary Table
Profit and Loss Account Summary Table Inc / Dec Particulars (INR Mn) Q4FY20 Q4FY19 (%) Total Income from operations 7,661 9,642 -20.5% EBIDTA 1,041 1,465 -29.0% EBIDTA margin (%) 13.6% 15.2% Depreciation 189 177 EBIT 852 1,288 -33.9% EBIT % 11.1% 13.4% Other Income 10 123 Finance costs 90 24 Profit
Slide 31: Contact Details
Our major strength lies in our skilled workforce. We recognize and attribute our operating excellence and success to our employees. We have a widespread presence throughout the country, with a wide network of over 18,000 retail outlets ably supported by dealers and sub- dealers. They work as our ext