Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q2 FY21 Earnings Presentation
30 slides from Finolex Industries's earnings presentation, Oct 26, 2020
Slide 1: Exchange filing cover letter
f - Registered Office I Urse Plant Tel +91 2114 237251 I 237253 Finolex Industries Limited Toll Free 1800 200 3466 Gat No. 399, Village Urse, Tal.-Maval , Fax +91 2114 237252 Dist. Pune 410 506, Maharashtra, India Email investors@finolexind.com CIN L40108PN1981PLC024153 Web finolexpipes.com FIL/ SEC
Slide 2: Finolex Industries Ltd Q2 FY21 Results
FINOLEX INDUSTRIES LTD Q2 FY21 RESULTS
Slide 3: Q2 FY21 vs Q2 FY20 – Business Performance Highlights
Q2 FY21 vs Q2 FY20 – Business Performance Highlights Revenue - Revenue registered a y-o-y growth of 1.6% to Rs. 585.78 Cr Volume - PVC Resin volume registered a y-o-y growth of 15% to 47,630 MT.. - Pipe and Fittings volume registered a y-o-y decline of 9.2% to 43,618 MT. Operating Performance (EBIT)
Slide 4: Profit & Loss Account – Q2 FY21
Profit & Loss Account – Q2 FY21 Inc / Dec Particulars (INR Cr) Q2FY21 Q2FY20 (%) Total Income from operations 585.78 576.67 1.6% EBITDA 144.77 82.00 76.5% EBITDA margin (%) 24.7% 14.2% Depreciation 19.34 19.40 EBIT 125.43 62.60 100.4% EBIT % 21.4% 10.9% Other Income 32.46 17.42 Finance costs 0.77 0.
Slide 5: Profit & Loss Account – H1 FY21
Profit & Loss Account – H1 FY21 Inc / Dec Particulars (INR Cr) H1 FY21 H1 FY20 (%) Total Income from operations 1,147.85 1,520.47 -24.5% EBITDA 233.01 205.57 13.3% EBITDA margin (%) 20.3% 13.5% Depreciation 38.17 36.17 EBIT 194.84 169.40 15.0% EBIT % 17.0% 11.1% Other Income 40.78 23.13 Finance cost
Slide 6: Business Performance – Q2 FY21
Business Performance – Q2 FY21 * Including Inter-segment transfer
Slide 7: Q2 FY21 Results Summary
Q2 FY21 Results Summary 9.2% 15% Volumes (MT) Pipes & Fittings Volumes (MT) PVC Resin * 16.6% 1.6% 76.5% Revenue (INR Cr) EBITDA (INR Cr) PAT (INR Cr) * Including Inter-segment transfer
Slide 8: EBITDA Bridge Chart Q2 FY21
“anole EBITDA Bridge Chart Q2 FY21 INR Cr 23.48 144.77 9.11 LJ 82.00 a EBITDA Sales Materials Employee Other EBIFDA Q2FY20 consumed benefit expenses Q2FY21 expenses
Slide 9: Business Performance Trends
Business Performance Trends Pipes & Fitting Volume (MT) PVC (USD/MT) *Source: Platts Polymerscan weekly reports PVC Volumes (MT) PVC/EDC Delta (USD/MT) *
Slide 10: Quarterly - Profit & Loss
Quarterly - Profit & Loss Particulars (INR Cr) Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Total income from operations 542.6 756.6 964.2 943.8 576.7 699.4 766.1 562.1 585.8 EBITDA 125.0 138.9 146.5 123.6 82.0 138.4 104.1 88.2 144.8 EBITDA margins (%) 23.0% 18.4% 15.2% 13.1% 14.2%
Slide 11: Quarterly segmental - Profit & Loss
Quarterly segmental - Profit & Loss Particulars (INR Cr) Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Segmental revenues PVC 326.6 484.0 559.4 534.9 302.7 408.0 433.6 294.3 368.1 PVC pipes & fittings 470.5 590.6 791.1 851.2 517.0 553.5 632.2 507.0 500.8 Segmental profits PVC 91.8 8
Slide 12: Profit & Loss - Key Indicators
Profit & Loss - Key Indicators Profit & loss account (INR Cr) FY14 FY15 FY16* FY17* FY18* FY19* FY20* H1FY21* Revenue from Operations (excl. 2,453.1 2,476.2 2,481.9 2,602.4 2,737.8 3,091.3 2,986.0 1,147.9 duties and taxes) Growth in sales (YoY %) 14.4% 0.9% 0.2% 4.9% 5.2% 12.9% -3.4% -24.5% EBITDA b
Slide 13: Balance sheet - Key Indicators
Balance sheet - Key Indicators Balance Sheet (INR Cr) FY14 FY15 FY16* FY17* FY18* FY19* FY20* H1FY21* Equity and liabilities Share capital 124.1 124.1 124.1 124.1 124.1 124.1 124.1 124.1 Reserves and surplus 665.6 663.3 1,445.8 2,167.3 2,640.5 2,404.3 1,805.7 2,158.7 Long term borrowings 232.2 183.7
Slide 14: Trend in Key Ratios
Trend in Key Ratios *Standalone EBITDA Margin (EBITDA before Exceptional item and other income)
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: Budget 2020/Stimulus Package: Agriculture sector
Budget 2020/Stimulus Package: Agriculture sector … continues to be thrust area A budget allocation of ₹2.83 lakh “Nal se Jal” by 2024 Pradhan Mantri Krishi Sinchayee Financing on Negotiable crore for the sector Rs. 3.60 lakh crore approved for Jal Yojana (PMKSY) Warehousing Receipts (e- co
Slide 17: Budget 2020/Stimulus Package: Housing and Infrastructure
Budget 2020/Stimulus Package: Non - Agriculture sector i.e. Housing and Infrastructure … also continues to be thrust area “Housing for All” by 2022 Deen Dayal Antyodaya Yojana – 0.5 crore Rs.12, 300 crore allocation for Swachh Project Atal Mission for Rejuvenation & Urban households mobilize
Slide 18: Footprints
Footprints 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 21,000 retail touch points Delhi Masar Cu ack Pune Urse Ratnagiri Corporate Office at Pune Works Ware
Slide 19: CSR Activities in Q2 FY21 – some snapshots
CSR Activities in Q2 FY21 – some snapshots Ensuring Environmental Sustainability Eradication Of Hunger Promotion Of Education • 3,195 Trees Planted in Pune and Ratnagiri (Maharashtra) • In continuation, during the pandemic MMF collaborated • Infrastructure support to Primary Zilla Parishad School, a
Slide 20: CSR Activities in Q2 FY21 – some snapshots
CSR Activities in Q2 FY21 – some snapshots Promoting Preventive Healthcare Promotion Of Vocational Skills Other Highlights • Strive to make quality and affordable healthcare accessible • Mr. R.C. Birade from Finolex Industries Limited conducted • Support To Differently Abled – 1,541 people with disa
Slide 21: COVID 19: Support to Hospitals, Migrants & Community at Large
COVID 19 : Support to Hospitals, Migrants & Community at Large FIL & MMF have been working relentlessly to support the various needs for Groceries, PPE kits, Healthcare , Safety kits that has arisen from this pandemic across India in the last 6 months ‒ Grocery Kits 41,161 ‒ Safety Gears/Others 47,1
Slide 22: Print Advertisements
Print Advertisements Ganpati Brand/ Festive Birthday Wishes
Slide 23: World Clean Up Day 2020 & Ganpati Festival Association
World Clean Up Day 2020 & Ganpati Festival Association Shaping a better future MMF – Save the Environment Ganpati Festival Association
Slide 24: Trade Channel & Consumer Engagement
Trade Channel & Consumer Engagement Online Live Events Series – ‘Motivation, Immunity & Fitness ‘
Slide 25: Magazine Ads, Packaging Bags & Other Branding Activities
Magazine Ads, Packaging Bags & Other Branding Activities
Slide 26: 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 27: Volume Data
Finolex Industries Ltd. Volume Data Sr. No. Particulars Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 1 Production in MT a PVC Resin 34,528 81,839 82,672 52,757 45,839 76,686 84,221 51,785 41,347 83,370 70,891 13,785 43,338 b PVC pipes & fittings 52,672 6
Slide 28: Q2FY21 Earnings Release
PAT up by 16.6% Q2FY21 Revenue INR 585.78 Cr Earnings Release EBITDA INR 144.77 Cr PAT INR 119.72 Cr Finolex Industries Limited, Pune, India, October 26, 2020: Finolex Industries Limited (NSE:FINPIPE | BSE:500940), India’s largest manufacturer of PVC Pipes & Fittings, at its Board Meeting held today
Slide 29: Profit and Loss Account Summary Table
Profit and Loss Account Summary Table Inc / Dec Particulars (INR Cr) Q2FY21 Q2FY20 (%) Total Income from operations 585.78 576.67 1.6% EBITDA 144.77 82.00 76.5% EBITDA margin (%) 24.7% 14.2% Depreciation 19.34 19.40 EBIT 125.43 62.60 100.4% EBIT % 21.4% 10.9% Other Income 32.46 17.42 Finance costs 0
Slide 30: Contact Details
Our major strength lies in our skilled workforce. We recognize and attribute our operating excellence and success to our employees. We have a widespread presence throughout the country, with a wide network of over 18,000 retail outlets ably supported by dealers and sub- dealers. They work as our ext