Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY2024 Earnings Presentation
21 slides from Finolex Industries's earnings presentation, Jun 1, 2023
Slide 1: Investor Presentation Q1 FY 2023-24
Investor Presentation Q1 FY 2023-24
Slide 2: 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
Slide 3: 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
Slide 4: 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
Slide 5: 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
Slide 6: 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
Slide 7: 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
Slide 8: 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
Slide 9: Select Marketing Initiatives
Select Marketing Initiatives 9
Slide 10: 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
Slide 11: 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
Slide 12: 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
Slide 13: Awards and Recognition
FINOLEX PIPES Awards and Recognition
Slide 14: 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
Slide 15: CSR Update
FINOLEX PIPES CSR Update
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 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 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
Slide 20: 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
Slide 21: Thank You
@finolexpipes @FinolexPipe THANK YOU @finolexpipes Finolex Industries Ltd www.finolexpipes.com 21