Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q3 FY2019 Earnings Presentation
29 slides from Finolex Industries's earnings presentation, Feb 9, 2019
Slide 1: Exchange filing cover letter for Q3FY19 results presentation
Registered Office / Urse Plant Tel +91 2114 237251 I 237253 Toll Free 1800 200 3466 OIex Finolex Industrles Limited Gat No. 399, Village Urse, Tal.-Maval, Fax +91 2114 237252 Dist. Pune 410 506, Maharashtra, India Email investors@flnolexind cont ctN 1401 08PNl 981 PLC0241 53 Web finolexwater com 'ND
Slide 2: Finolex Industries Limited Q3FY19 Results
FINOLEX INDUSTRIES LIMITED Q3FY19 RESULTS
Slide 3: Q3FY19 vs Q3FY18 – Business Performance Highlights
Q3FY19 vs Q3FY18 – Business Performance Highlights Revenue - Revenue registered a y-o-y growth of 4.7% to Rs. 7,566 mn Volume - PVC Resin volume registered a y-o-y decrease of 6.0% to 66,838 MT. - Pipe and Fittings volume registered a y-o-y decline of 3.8% to 59,179 MT. Operating Performance (EBIT)
Slide 4: Business Performance – Q3FY19
Business Performance – Q3FY19 * Including inter segment transfer 3
Slide 5: Q3FY19 Results Summary
Q3FY19 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 6: Profit & Loss Account – Q3FY19
Profit & Loss Account – Q3FY19 Inc / Dec Particulars (INR Mn) Q3FY19 Q3FY18 (%) Total Income from operations * 7,566 7,227 4.7% EBIDTA 1,250 1,133 10.3% EBIDTA margin (%) 16.5% 15.7% Depreciation 196 154 EBIT 1,054 979 7.7% EBIT % 13.9% 13.5% Other Income 173 102 Finance costs 17 -4 PBT 1,209 1,086
Slide 7: Profit & Loss Account – 9MFY19
Profit & Loss Account – 9MFY19 Inc / Dec Particulars (INR Mn) 9MFY19 9MFY18 (%) Total Income from operations * 21,271 20,223 5.2% EBIDTA 4,577 2,936 55.9% EBIDTA margin (%) 21.5% 14.5% Depreciation 524 450 EBIT 4,053 2,486 63.0% EBIT % 19.1% 12.3% Other Income 293 250 Finance costs 98 65 Profit befo
Slide 8: EBIDTA Bridge Chart Q3FY19
EBIDTA Bridge Chart Q3FY19 (INR Mn) IND AS 7
Slide 9: 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 10: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Mn) Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Total income from operations * 5,765 8,877 7,307 4,753 7,227 8,091 8,278 5,426 7,566 EBIDTA 1,296 1,785 1,306 496 1,133 1,879 1,939 1,249 1,250 EBIDTA margins (%) 22.5% 20.1% 17.9% 10.4% 15.
Slide 11: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Mn) Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Segmental revenues * PVC 4,043 5,572 5,137 2,742 4,598 5,158 5,042 3,266 4,840 PVC pipes & fittings 3,954 6,191 6,104 4,250 5,320 6,827 7,225 4,705 5,906 Power 378 361 382 259 377
Slide 12: 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 13: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Mn) FY13 FY14 FY15 FY16* FY17* FY18* H1FY19 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 25,634 Long term borrowings 1,397 2,322 1,837 - - - - Short term bo
Slide 14: 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 15: 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 16: 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 17: 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 18: 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 19: 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 20: Branding & advertisements in Q3FY19
Branding & advertisements in Q3FY19 Durga Puja activity included on- Navratri on-ground Diwali activation included Finolex Pipes was the presenting ground branding (running activity included venue promotion through magazine ad, on sponsor at 66th Music and Cultural banners, gates) and new clothes an
Slide 21: Branding & advertisements in Q3FY19
Branding & advertisements in Q3FY19 To support the upcoming sports talent in the Product Range ad in Railway Participation in Indian Plumbing Conference - Mumbai, IntExt country, Finolex Pipes made contribution to young Magazine – Rail Bandhu – circulated Expo – Ludhiana, Credai – Dream Home 2018, S
Slide 22: CSR activities in Q3 FY19 – some snapshots
CSR activities in Q3 FY19 – some snapshots Received Gujarat CSR Excellence Felicitation of Mr. Prakash Chhabria, Mr. Prakash Chhabria, Chairman, Finolex Award for best water conservation and Finolex Industries Limited received the Chairman, Finolex Industries Industries Limited, awarded the “Most wa
Slide 23: CSR activities in Q3 FY19 – some snapshots
CSR activities in Q3 FY19 – some snapshots On 28th October 2018, MMF celebrated it’s 20 MMF/ FIL responded to an appeal FIL/MMF supported GSICON 2018 FIL and MMF sponsored 4.5 kms of years of serving the society. The initiative was made by Nav Bharat Jagruti Kendra organised by Geriatric Society of
Slide 24: Shareholding Pattern as on December 31, 2018
Shareholding Pattern as on December 31, 2018 Promoters Others 35% 52% 3% Foreign Portfolio Investors 10% 4.02% Mutual Funds 23
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
Slide 26: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 1 Production in MT a PVC Resin 80,147 59,756 40,937 83,266 67,143 63,805 34,528 81,839 82,672 52,757 45,839 76,686 b PVC pipes & fittings 63,144 66,693 40,416 4
Slide 27: Q3FY19 Earnings Release
PAT up by 13.2 % Q3FY19 Revenue INR 7,566 mn Earnings Release EBIDTA INR 1,250 mn PAT INR 787 mn Finolex Industries Limited, Pune, India, February 9, 2019: Finolex Industries Limited (NSE:FINPIPE | BSE:500940), India’s leading manufacturer of PVC Pipes & Fittings, at its Board Meeting held today ann
Slide 28: Profit and Loss Account Summary Table
Profit and Loss Account Summary Table Inc / Dec Particulars (INR Mn) Q3FY19 Q3FY18 (%) Total Income from operations * 7,566 7,227 4.7% EBIDTA 1,250 1,133 10.3% EBIDTA margin (%) 16.5% 15.7% Depreciation 196 154 EBIT 1,054 979 7.7% EBIT % 13.9% 13.5% Other Income 173 102 Finance costs 17 -4 PBT 1,209
Slide 29: Contact Details
sub-dealers. They work as our extended arm in bringing quality products to our customers. Our core values of quality, trust and integrity help us to build an unbreakable bond with both customers and stakeholders. We believe in “Performance with Purpose” and are deeply concerned about society and our