Fineotex Chemical Limited · NSE:FCL
Fineotex Chemical — Q4 FY2024 Earnings Presentation
24 slides from Fineotex Chemical's earnings presentation, May 29, 2024
Slide 1: Exchange filing cover letter for earnings presentation
May 29, 2024 To, The General Manager, The Manager, Listing Department, Listing & Compliance Department Bombay Stock Exchange Limited, The National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra East, Mumbai - 400051 Company co
Slide 2: Fineotex Chemical Limited Q4 and FY2024 Earnings Presentation
Fineotex Chemical Limited (BSE: 533333; NSE: FCL) Textile Q4 and FY2024 Specialties Earnings Presentation Other Specialties Cleaning & Hygiene Specialties Drilling Specialties
Slide 3: FY2024 Consolidated Financial Highlights
FY2024 Consolidated Financial Highlights Surendrakumar Tibrewala Chairman and Managing Director Rs 5,690 mn Rs 1,484 mn Rs 1,210 mn Consolidated EBITDA Net Profit We are pleased to share that during FY2024, Fineotex Chemical achieved a Revenue Consolidated Revenue of Rs. 5,690 million. The revenue g
Slide 4: Diversifying Its Business Portfolio
Diversifying Its Business Portfolio Overview of Textile Chemical segment Overview of the Cleaning and Hygiene segment Specialty chemicals producer with a focus on textiles Successfully diversified into the cleaning and hygiene chemicals business Team of 34 professionals for providing technical solut
Slide 5: Consolidated Quarterly Performance Trend
Consolidated Quarterly Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 37.8% 25.0% 36.2% 23.8% 34.5% 38.7% 17.7% 1,214 1,377 1,530 215 327 383 1,453 Q4 FY 22 Q4 FY 23 Q4 FY 24 Q4 FY 22 Q4 FY 23 Q4 FY 24 PBT and PBT Margin PAT and PAT Margin 26.1% 18.9% 19.
Slide 6: Consolidated Annual Performance Trend
Consolidated Annual Performance Trend Rs. Mn. Revenue from Operations and Gross Margin EBITDA and EBITDA Margin 38.7% 26.1% 35.7% 36.1% 21.8% 34.4% 18.6% 19.3% 2,185 3,682 5,170 5,690 406 712 1,126 1,484 FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 PBT and PBT Margin PAT and PAT Margin 27.7% 20.4
Slide 7: Key Return Ratios Trend
Key Return Ratios Trend Return on Capital Employed (%) Return on Equity (%) 34.3% 28.7% 29.9% 31.5% 28.0% 23.4% 22.7% 19.6% FY 21 FY 22 FY 23 FY 24 FY 21 FY 22 FY 23 FY 24 ROE= PAT/Average Equity ROCE = EBIT/Average Capital Employed (Capital Employed = Total Equity + Short Term Borrowings + Long Ter
Slide 8: Leverage Profile and Working Capital Cycle
Leverage Profile and Working Capital Cycle (Rs Mn) Mar-22 Mar-23 Mar-24 Working Capital Days ST Debt 19 73 52 LT Debt 0 0 0 190 Total Debt 19 73 52 164 Cash & Cash Equivalent 381 596 399 133 Net Cash 362 523 347 Equity 2,694 3,557 4,536 Total debt/Equity 0.007x 0.020x 0.011x 66 Rating ICRA Long Term
Slide 9: Consolidated P&L Summary: FY2024
Consolidated P&L Summary: FY2024 Particulars (Rs. Million) Q4 FY24 Q4 FY23 YoY% FY24 FY23 YoY% Revenue from Operations 1,530 1,377 11.1% 5,690 5,170 10.1% COGS 952 878 8.4% 3,488 3,392 2.8% Gross Profit 578 499 15.9% 2,202 1,778 23.8% Gross Profit Margin 37.8% 36.2% 38.7% 34.4% Employee Benefit Expe
Slide 10: Fineotex Strategic Rationale
Fineotex Strategic Rationale Fineotex Overview Customised Solution • Specialty chemicals producer with a focus on textiles chemicals Besides manufacturing specialty chemicals, we also offer customized technical solutions and services through our dedicated focus on R&D • Successful expansion into the
Slide 11: Focus on Growth and Diversification
Focus on Growth and Diversification Cleaning and Hygiene Chemicals Drilling Speciality Chemicals Other Speciality Chemicals • Customised solutions for: • Customised solutions for Oil and Gas • Non toxic eco-friendly solution designed with ▪ Housekeeping, Kitchen Care and Disinfectants • Significant
Slide 12: Strategic Partnerships
Strategic Partnerships Strategic collaboration with Eurodye-CTC, Belgium, to Strategic collaboration with HealthGuard, Australia to Setting up a state of art Research & Development commercialize specialty chemicals for the Indian become the exclusive global marketing and sales centre in collaboratio
Slide 13: Synergistic Business Model with Biotex
Synergistic Business Model with Biotex Fineotex - India Biotex - Malaysia • Diverse product portfolio (470+ categories) • Niche product portfolio (50+ categories) across business segments Overview • High end super speciality textile chemical • Applications primarily across the entire textile applica
Slide 14: Manufacturing Platforms (GMP Certified)
Manufacturing Platforms (GMP* Certified) Location Operating Facts Strategic Advantages Manufacturing Excellence • Total Production Capacity of • The Ambernath plant is fungible and has the Mahape is 36,500 MT capabilities to manufacture products for both • Ambernath plant had the textile chemical an
Slide 15: Fineotex Key Highlights during FY2024
Fineotex Key Highlights during FY2024 Q1 FY2024 Q2 FY2024 Q3 FY2024 Q4 FY2024 • Certified as a ‘Great Place to Work’ • Fineotex successfully • ICRA ratings upgraded to A+ (Long • Raised funds to pursue inorganic in our second consecutive year commissioned a 100kWp Solar term) and A1+ (Short term) gr
Slide 16: Cleaning and Hygiene Division: Diversified Product Offering
Cleaning and Hygiene Division Diversified Product Offering • Air freshener • Hygienic hard surface Housekeeping • Carpet cleaner cleaner • Carpet shampoo • Multi surface cleaner • Deodorizers • Surface cleaner cum • Floor cleaner disinfectant • Furniture maintainer • Toilet bowl cleaner • Glass clea
Slide 17: Key Products in the Specialty Textile Chemicals Segment
Key Products in the Specialty Textile Chemicals Segment Steps Weaving Pre-treatment Dyeing Printing Finishing De-sizing, Dyeing, Rotary Exhaust Process Sizing Scouring, Washing, Printing, Padding Bleach Fixing Table Printing Enzymes, Dyes, Acids, Dyes, Binder Softeners, Wetting & Alkali Thickener, F
Slide 18: Global Customer Reach
Global Customer Reach • Sales in ~70 countries including Brazil, Bangladesh, Germany, Indonesia, Malaysia, Singapore, Syria, Thailand, USA, Venezuela and Vietnam • 34+ technical marketing experts • 100+ dealers in Indian and International markets FY24 Revenue Mix 22% 78% Facilities at Mahape and Amb
Slide 19: Growth in Textile Chemical Industry and Cleaning and Hygiene
Growth in Textile Chemical Industry and Cleaning and Hygiene Textile Chemical Cleaning and Hygiene Growth outlook for Specialty Chemicals Growth outlook for Cleaning and Hygiene • Emerging markets provide companies with the opportunity • The growing consumer awareness of cleanliness and to produce c
Slide 20: Management Team
Management Team Surendra Kumar Tibrewala Sanjay Tibrewala Aarti Jhunjhunwala Arindam Choudhuri Education: B.Com and LLB Education: B.Com and P.G. in Textile Education: B.Com and M.Com Education: B.Tech and Marketing Chemicals and Processing Management Managing Director CFO Head - International Marke
Slide 21: Sustainability at its Core
Sustainability at its Core We place sustainability high on our agenda as it is an integral part of our business strategy 100% 23% 4,53,106 units Employees are covered Female employees in Electricity purchased in with health and accident FY23 FY23 insurance 100% employees Rs 98.00 Lakhs Zero Were giv
Slide 22: Fineotex ESG Accreditations
Fineotex ESG Accreditations Bhive certified Certificates Blue Sign certified Dun and Bradstreet Badge ISO 9001 ISO 14001 ISO 14045 ISO 45001 ECO Passport by OEKO-TEX ISO 20000 SA 8001 OHSAS18001 ISO 22000 Global Organic Textile Standard (GOTS) certified Hazard Analysis Critical Control Point Certifi
Slide 23: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Fineotex Chemical Limited (“Fineotex Chemical” or the Company) future bus
Slide 24: Fineotex Chemical Limited
Fineotex Chemical Limited FINEOTEX CHEMICAL LIMITED (CIN Number: L24100MH2004PLC144295) 42-43, Manorama Chambers, S. V. Road Bandra (West), Mumbai - 400 050, India Phone: (+91 - 22) 26559174 / 75, (+91 - 22) 26559176 / 77 Email: info@fineotex.com www.fineotex.com 23