Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2019 Earnings Presentation
25 slides from Finolex Industries's earnings presentation, May 2019
Slide 1: Finolex Industries Limited Q4 FY19 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 Q4 Q4 FY19RESULTS RESULTS
Slide 2: Q4FY19 vs Q4FY18 – Business Performance Highlights
Q4FY19 vs Q4FY18 – Business Performance Highlights Revenue - Revenue registered a y-o-y growth of 19.2% to Rs. 9,642 mn Volume - PVC Resin volume registered a y-o-y increase of 6.1% to 76,549 MT. - Pipe and Fittings volume registered a y-o-y growth of 12.6% to 80,771 MT. Operating Performance (EBIT)
Slide 3: Business Performance – Q4FY19
Business Performance – Q4FY19 * Including inter segment transfer 3
Slide 4: Q4FY19 Results Summary
Q4FY19 Results Summary Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * Revenue (excl. duties and taxes) (INR Mn) EBITDA (INR Mn) PAT (INR Mn) * Including inter segment transfer 4
Slide 5: Profit & Loss Account – Q4FY19
Profit & Loss Account – Q4FY19 Inc / Dec Particulars (INR Mn) Q4FY19 Q4FY18 (%) Total Income from operations 9,642 8,091 19.2% EBIDTA 1,465 1,879 -22.0% EBIDTA margin (%) 15.2% 23.2% Depreciation 177 156 EBIT 1,288 1,723 -25.2% EBIT % 13.4% 21.3% Other Income 122 28 Finance costs 24 34 PBT 1,387 1,7
Slide 6: Profit & Loss Account – FY19
Profit & Loss Account – FY19 Inc / Dec Particulars (INR Mn) FY19 FY18 (%) Total Income from operations * 30,913 27,378 12.9% EBIDTA 6,043 4,839 24.9% EBIDTA margin (%) 19.5% 17.7% Depreciation 701 606 EBIT 5,342 4,233 26.2% EBIT % 17.3% 15.5% Other Income 416 253 Finance costs 123 98 Profit before e
Slide 7: EBIDTA Bridge Chart Q4FY19
EBIDTA Bridge Chart Q4FY19 (INR Mn) IND AS 7
Slide 8: 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) * 8
Slide 9: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Total income from operations * 8,877 7,307 4,753 7,227 8,091 8,278 5,426 7,566 9,642 EBIDTA 1,785 1,306 496 1,133 1,879 1,939 1,249 1,250 1,465 EBIDTA margins (%) 20.1% 17.9% 10.4% 15.7% 23.
Slide 10: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Segmental revenues * PVC 5,572 5,137 2,742 4,598 5,158 5,042 3,266 4,840 5,594 PVC pipes & fittings 6,191 6,104 4,250 5,320 6,827 7,225 4,705 5,906 7,911 Power 361 382 259 377 # 35
Slide 11: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY14 FY15 FY16* FY17* FY18* FY19* Revenue from Operations (excl. excise duty) 24,531 24,762 24,819 26,024 27,378 30,913 Growth in sales (YoY %) 14.37% 0.94% 0.23% 4.85% 5.20% 12.91% EBIDTA before exceptional items 3,966 2,111 4,044 5,630
Slide 12: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* FY19* Equity and liabilities Share capital 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 Long term borrowings 1,397 2,322 1,837 - - - - Short term bor
Slide 13: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income) 13
Slide 14: 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 15: Opportunities – Agriculture sector … continues to be thrust area
Opportunities – Agriculture sector … continues to be thrust area Total allocation for Rural, Agriculture Under the Pradhan Mantri Krishi Niti Ayog, in consultation with Extend facility of Kisan Credit sector is Rs.14.34 lakh crore. Sinchai Yojana, 48 AIBP priority Central and State Governments, will
Slide 16: Opportunities - Non - Agriculture sector i.e. housing and infrastructure
Opportunities - Non - Agriculture sector i.e. housing and infrastructure … also continues to be thrust area Under the Prime Minister Awas Scheme it is proposed During the year, the Company tied-up with to complete construction of one crore houses by 2019 Swachh Bharat Mission (Gramin) has the Americ
Slide 17: Budget 2019 - Impetus for Agriculture and Non Agriculture Sector
Budget 2019 - Impetus for Agriculture and Non Agriculture Sector Agriculture Non - Agriculture • National Rural Drinking Water Mission - allocation increased by • 1.53 crore houses have been constructed under the flagship 49% Y-o-Y for FY20 at Rs 8,201 Crs housing scheme Pradhan Mantri Awas Yojana •
Slide 18: 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 Indore Cu ack Pune Urse Ratnagiri Corporate Office at Pune Works Warehous
Slide 19: CSR activities in Q4 FY19 – some snapshots
CSR activities in Q4 FY19 – some snapshots 16 children with Cerebral Palsy, from Training was provided by The Endoscopy Division of Sassoon General ADAPT Institute at Mumbai which is Concern for Mental Health, UK 29 women from Masar and 26 Hospital and Mukul Madhav Foundation were supported by MMF,
Slide 20: CREDAI Exhibition, Pune & Sangli; ISH Exhibition, Mumbai, Décor Exhibition, Jaipur
CREDAI Exhibition, Pune & Sangli ; ISH Exhibition, Mumbai, Décor Exhibition, Jaipur. 20
Slide 21: Total Dhamaal – In-Film Sponsorship and Plumber connect activity
Total Dhamaal – In-Film Sponsorship and Plumber connect activity 21
Slide 22: Kumbh Mela – Distributed 435000 Drawstring bags and Sponsored Food
Kumbh Mela – Distributed 435000 Drawstring bags and Sponsored Food for Pilgrims through the Parmarth Niketan Foundation 22
Slide 23: 31st March – The Turn of A Wrist advertisement Pan-India
31st March – The Turn of A Wrist advertisement Pan-India 23
Slide 24: Shareholding Pattern as on March 31, 2019
Shareholding Pattern as on March 31, 2019 Promoters Others 36% 52% 2% Foreign Portfolio Investors 10% 4.02% Mutual Funds 24
Slide 25: 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