Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q1 FY2019 Earnings Presentation
21 slides from Finolex Industries's earnings presentation, 2018
Slide 1: Finolex Industries Limited Q1FY19 Results
FINOLEX INDUSTRIES LIMITED Q1FY19 RESULTS
Slide 2: Q1FY19 – Business Performance Highlights
Q1FY19 – Business Performance Highlights Revenue - Q1FY19 revenue registered a y-o-y growth of 13.3 % to Rs. 8,278 mn Pipes and Fittings volume - Q1FY19 volume registered a y-o-y growth of 8.6 % to 77,636 MT. Operating Performance (EBIDTA) - Q1FY19 EBIDTA grew 48.5% to Rs 1,939 mn as compared to Rs
Slide 3: Business Performance – Q1FY19
Business Performance – Q1FY19 * Including inter segment transfer 3
Slide 4: Q1FY19 Results Summary
Q1FY19 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 – Q1FY19
Profit & Loss Account – Q1FY19 Inc / Pa r ti c ul a r s ( INR M n) Q 1FY 19 Q 1FY 18 D ec ( %) Total Income from operations * 8,278 7,307 13.29% EBIDTA 1,939 1,306 48.47% EBIDTA margin (%) 23.4% 17.9% Depreciation 162 145 EBIT 1,777 1,161 53.06% EBIT % 21.5% 15.9% Other Income 137 38 Finance costs 5
Slide 6: EBITDA Bridge Chart Q1FY19
EBITDA Bridge Chart Q1FY19 (INR Mn) IND AS 6
Slide 7: 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) 7
Slide 8: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Total income from operations * 6,728 4,568 5,765 8,877 7,307 4,753 7,227 8,091 8,278 EBIDTA 1,592 870 1,296 1,785 1,306 496 1,133 1,879 1,939 EBIDTA margins (%) 23.7% 19.0% 22.5% 20.1% 17.9%
Slide 9: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Segmental revenues * PVC 4,048 2,564 4,043 5,572 5,137 2,742 4,598 5,158 5,042 PVC pipes & fittings 5,829 3,628 3,954 6,191 6,104 4,250 5,320 6,827 7,225 Power 388 321 378 361 382
Slide 10: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* Revenue from Operations (excl. excise duty) 21,448 24,531 24,762 24,819 26,024 27,378 Growth in sales (YoY %) 2.15% 14.37% 0.94% 0.23% 4.85% 5.20% EBIDTA before exceptional items 3,587 3,966 2,111 4,044 5,
Slide 11: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY12 FY13 FY14 FY15 FY16* FY17* FY18* Equity and liabilities Share capital 1,241 1,241 1,241 1,241 1,241 1,241 1,241 Reserves and surplus 5,381 5,971 6,656 6,633 14,458 21,673 26,405 Long term borrowings 1,896 1,397 2,322 1,837 - - - Short term b
Slide 12: Trend in Key Ratios
Trend in Key Ratios EBITDA Margin* 10424 Gross Debt (INR Mn) 8394 21.6% 7466 7134 6371 16.7% 16.2% 16.3% 17.7% 11.9% 2117 11.0% 942 1007 8.5% FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Debt/Equity (x) 1.60 1.20 1.20 0.90 0.80 0.13 0.04 0.04 FY11 FY12 FY13 FY14 FY
Slide 13: 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 14: 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 15: 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 16: 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 17: Branding & advertisements in Q1FY19 – some snapshots
Branding & advertisements in Q1FY19 – some snapshots More than 300 top MEP Consultants, Distribution of an unique gift as Launch of Premium Shirts Finolex Pipes organized Product Demo, Finolex Pipes won the Best Stall Builders, Architects and Dealers with desk souvenir on and Trousers on Finolex tec
Slide 18: CSR activities in Q1FY19 – some snapshots
CSR activities in Q1FY19 – some snapshots MMF and FIL inaugurated 12 MMF and FIL donated Nanoduct and Near FIL and Gulf Oil Lubricants undertook a Amrutkumbha , a water reservoir at bedded NICU at Infrared Spectroscopy to KEM Hospital, Pune joint initiative to donate 500 helmets to Wadgaon Anand, Di
Slide 19: Shareholding Pattern as on June 30, 2018
Shareholding Pattern as on June 30, 2018 Promoters Others 35% 52% 4% Foreign Portfolio Investors 9% 4.02% Mutual Funds 19
Slide 20: 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 21: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 1 Production in MT a PVC Resin 38,815 67,892 80,147 59,756 40,937 83,266 67,143 63,805 34,528 81,839 82,672 52,757 b PVC pipes & fittings 41,801 45,089 63,144 6