Finolex Industries Limited · NSE:FINPIPE

Finolex Industries — Q1 FY2023-24 Earnings Presentation

26 slides from Finolex Industries's earnings presentation, Jul 19, 2023

  1. Slide 1: Exchange filing cover letter for Q1 results presentation

    FIL/SEC/SEs/2023-24/042 19th July, 2023 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

  2. Slide 2: Investor Presentation Q1 FY 2023-24

    Investor Presentation Q1 FY 2023-24

  3. Slide 3: Strong margins with volume growth

    Strong margins with volume growth Segment Revenue – Q1 FY24 Stable revenue despite correction of PVC prices by  Total revenue marginally lower y-o-y at Rs.1,179 Cr vs 1,154 more than 30% Rs.1,190 Cr in Q1FY23 due to PVC price correction. since Jul 22 359  EBITDA increased by 21% y-o-y to Rs.152 Cr

  4. Slide 4: Business Performance of the Company (Total)

    Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -1% 21% 3% -30% 1,189.81 1,179.17 217.43 152.47 125.91 1,141.06 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] 26% 3% -1% -31% 216.37 1,39,584 1,38,255 149.32 118.31 1,34,706 Q

  5. Slide 5: Segment Performance – Key highlights Q1 FY24

    Segment Performance – Key highlights Q1 FY24 P&F sales volume (MTs) PVC sales volume (MTs)* 28% -27% 13% -21% 62,746 92,181 58,132 71,960 81,452 46,074 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 *Including inter segment P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) 197% -96% 40% -97% 126.44 117.25 90.32 72

  6. Slide 6: Pipes and Fittings

    Segment Performance – Key highlights Q1 FY24 Pipes and Fittings 1,154.21 Cr 92,181 MT 126.44 Cr 2% y-o-y 28% y-o-y 197% y-o-y Revenue Volume EBIT 359.41 Cr 46,074 MT 3.12 Cr Resin (54%) y-o-y (27%) y-o-y (96%) y-o-y Revenue Volume EBIT 5

  7. Slide 7: EBITDA Movement Q1 FY24 vs. Q1 FY23

    EBITDA Movement Q1 FY24 vs. Q1 FY23 Rs Cr 18.65 152.47 19.37 125.91 (0.82) (10.64) EBITDA Revenue Materials Employee Other expenses EBITDA Q1 FY23 consumed benefit expenses Q1 FY24 6

  8. Slide 8: Summarised Income Statement

    Summarised Income Statement YOY Rs. Crores Q1 FY24 Q4 FY23 Q1 FY23 Change Total Income from operations 1,179.17 1,141.06 1,189.81 -1% EBITDA gain/ (loss) 152.47 217.43 125.91 21% EBITDA % 12.93% 19.06% 10.58% - Depreciation 34.39 23.80 21.34 61% Profit/(loss) before Interest and taxes 118.08 193.63

  9. Slide 9: PVC Prices and 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 Jun-21 Aug-21 Oct-21 PVC (USD/MT) Dec-21 Feb-22 Apr-22 PVC Prices and PVC/EDC Delta Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 0 200 400 600 800 1000 1200

  10. Slide 10: Select Marketing Initiatives

    Select Marketing Initiatives 9

  11. Slide 11: Brand promotion through Festival Celebrations

    Brand promotion through Festival Celebrations • Tapped diverse cultural cues and stakeholder sentiments during festive period across multiple locations • Distribution of Finolex Pipes merchandise such as caps, PP bags, Raincoats & Hand fans to the devotees Jagannath Rath Yatra, Puri Pandharpur wari

  12. Slide 12: Increasing brand recall through Cinema Screening, Topical communication, Digital amplification

    Increasing brand recall through Cinema Screening| Topical communication |Digital amplification of on ground events • High affinity integration in cinemas. • Topical wishes through digital media and print ads in various newspaper publications Social media Posts- Festive Wishes Print ads – Tarun Bhara

  13. Slide 13: Campaigns – Radio, Retail, on-ground events for branding

    Campaigns – Radio, Retail, on-ground events for branding My FM Radio Dekhta Hai Activity – On Ground & Radio activity 9 cities (Jaipur, Jpdhpur, Ahmedabad, Raipur, Indore, Kota, Bilaspur, Udaipur, Nagpur) Duration- May to July 2023 PAN India Retail branding Retail branding completed for 6,136 counte

  14. Slide 14: Awards and Recognition

    FINOLEX PIPES Awards and Recognition

  15. Slide 15: Awards and recognition

    Awards and recognition Finolex Industries has won ‘Green Excellence’ award. The award was received from honorable Minister of Road Transport and Highways, Mr Nitin Gadkari on 24th June 2023 14

  16. Slide 16: CSR Update

    FINOLEX PIPES CSR Update

  17. 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 16

  18. Slide 18: Commitment Towards 17 out of the 17 UN Sustainable Development Goals

    Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 17

  19. 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

  20. Slide 20: CSR activities Q1FY23 - some snapshots

    CSR activities Q1FY23 - some snapshots Agriculture and rural development Support for Differently-Abled Promotion for Education  Supported 1,587 persons with disabilities  3500+ individual students supported with scholarships and  76 students benefited from an informative session on agricultural 

  21. Slide 21: CSR activities Q1FY23 - some snapshots

    CSR activities Q1FY23 - some snapshots Eradicating Extreme Hunger and Poverty Ensuring Environmental Sustainability Promoting Preventive Healthcare  Recently completed desilting and widening of a percolation tank.  MMF has been supporting individuals in promoting preventive  Continuously and dedi

  22. Slide 22: Thank You

    @finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 21

  23. Slide 23: Press release: Healthy demand continues to drive volume and profitability growth

    FOR IMMEDIATE RELEASE Healthy demand continuous to drive volume and profitability growth Pune, 19 July 2023: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the fourth quarter ended June 30, 2023. Key Financial Highlights

  24. Slide 24: Executive Chairman comment on quarterly results

    Commenting on the quarterly results, Mr. Prakash P. Chhabria, Executive Chairman, Finolex Industries Limited said, “Overall economic recovery in both the rural and the urban segments has led to a strong demand which in turn, is driving volume growth in pipes and fittings segment. Despite global back

  25. Slide 25: 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

  26. Slide 26: 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 1 Production in MT a PVC Resin 41,347 83,370 70,891 13,785 43,338 84,016 83,896 53,817 29,961 65,846 64,564 59,9

Finolex Industries — Q1 FY2023-24 Earnings Presentation on 6ix