Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY2014 Earnings Presentation
17 slides from Finolex Industries's earnings presentation, September 2013
Slide 1: Finolex Industries Limited Q2FY14 Results
Finolex gets people together Finolex Industries Limited Largest PVC pipe manufacturer in the country Q2FY14 Results 1
Slide 2: Agenda
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 2
Slide 3: Business Performance
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 3
Slide 4: Business performance
Finolex gets people together Business performance Gross margins continue to grow. 30% margins for the quarter ended Q2FY14 – highest in last 8 quarters. EBIDTA margins before FOREX loss improved further to 21% vis-à-vis 18% in Q2FY14. Quarterly segmental revenues (including inter division sale
Slide 5: Business Highlights
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 5
Slide 6: Business Highlights
Finolex gets people together Business Highlights Prolonged monsoon resulted in fall in demand for pipes and fittings during the quarter. In spite of a weak quarter, there is an increase in the prices of pipes because of an unprecedented increase in the raw material prices. FOREX volatility con
Slide 7: Financials
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 7
Slide 8: Results Update – Profit & Loss
Finolex gets people together Results Update – Profit & Loss Particulars (INR millions) Q2FY13 Q1FY14 Q2FY14 YoY Net Sales 3,809 5,635 3,899 2% EBIDTA before forex gain/(loss) 673 946 815 21% EBIDTA margins (%) 18% 17% 21% EBIDTA after forex gain/(loss) 639 407 490 -23% Depreciation 137 146 148 8% EB
Slide 9: Quarterly P&L
Finolex gets people together Quarterly P&L Q3 Q4 Q1 Q2 Quarterly PL (INR million) FY13 FY12 FY13 FY12 FY14 FY13 FY14 FY13 Net Income 6,144 5,687 6,296 5,930 5,635 5,199 3,899 3,809 Cost of goods sold 4,779 4,582 4,669 4,766 4,307 3,902 2,739 2,742 Gross Profits 1,366 1,105 1,627 1,164 1,328 1,296 1,
Slide 10: Quarterly Segmental P&L
Finolex gets people together Quarterly Segmental P&L Segment wise – Quarterly Q3 Q4 Q1 Q2 PL (INR million) FY13 FY12 FY13 FY12 FY14 FY13 FY14 FY13 Segmental revenues PVC 4,406 4,315 4,555 3,970 3,627 3,896 3,245 2,779 PVC pipes 3,558 3,062 4,142 3,447 4,349 3,134 2,779 2,945 Power 616 482 546 465 45
Slide 11: Profit & Loss – Key indicators
Finolex gets people together Profit & Loss – Key indicators Profit & loss account (INR million) FY10 FY11 FY12 FY13 1HFY14 Net Income 14,549 19,777 20,998 21,448 9,534 Growth in sales (%) 36% 6% 2% Gross Profits 4,442 3,878 3,893 5,356 2,656 Gross margins (%) 31% 20% 19% 25% 28% EBIDTA before forex
Slide 12: Balance Sheet – Key indicators
Finolex gets people together Balance Sheet – Key indicators Balance Sheet (INR million) FY10 FY11 FY12 FY13 1HFY14 Equity and liabilities Share capital 1,240 1,240 1,241 1,241 1,241 Reserves and surplus 4,637 4,963 5,380 5,971 6,471 Long term borrowings 1,958 1,954 1,896 1,397 1,197 Short term borro
Slide 13: Industry Outlook
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 13
Slide 14: Industry outlook
Industry outlook Finolex gets people together PVC pipe industry growing at a CAGR of 10% over the last 5 years. Total pipe market stands at about 1.6 MT as per Industry estimates. Rapid shift from the un-organised segment towards the organised segment and currently 50% market remained organise
Slide 15: 32nd AGM – Chairman's Message
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 32nd AGM – Chairman’s Message 15
Slide 16: 32nd AGM – Chairman's Message
32nd AGM – Chairman’s Message Finolex gets people together Key Highlights Company continues to be India’s largest manufacturer of PVC pipes and fittings. It plans to expand the pipe & fitting capacity to retain its numero-uno position in the industry. Company intends to focus on financial cons
Slide 17: For further queries
Finolex gets people together For further queries: Finolex Industries Limited S-Ancial Advisors Pvt. Ltd. D-1/10, M.I.D.C. 503, Gundecha Chambers, Chinchwad, Pune 411 019 Nagindas Master Road, Contact No.: 020 2740 8200 Fort, Mumbai 400 001 Email: fil@s-ancial.com Contact No.: 022 6635 1001/2 17