Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q3 FY2014 Earnings Presentation
15 slides from Finolex Industries's earnings presentation, February 2014
Slide 1: Finolex Industries Limited Q3FY14 Results
Finolex gets people together Finolex Industries Limited Largest PVC pipe manufacturer in the country Q3FY14 Results 1
Slide 2: Business Performance
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 2
Slide 3: Business Performance
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 3
Slide 4: Business performance
Finolex gets people together Business performance The company continued to enjoy strong operating performance with a growth in revenues of 6% on a YoY basis. EBIDTA margins before FOREX gain was 18% in Q3FY14 vis-à-vis 15% in Q3FY13. Quarterly segmental revenues (including inter division sales
Slide 5: Business Highlights
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 5
Slide 6: Business Highlights
Finolex gets people together Business Highlights PVC pipes & fittings sales for the quarter were subdued due to a prolonged monsoon. Volumes for 9MFY14 grew by 2.28% and value grew 13.58% over 9MFY13. Second phase of Masar plant is likely to be commissioned by the end of FY14 adding further 20,0
Slide 7: Financials
Finolex gets people together Business Performance Business Highlights Financials Industry Outlook 7
Slide 8: Results Update – Profit & Loss
Finolex gets people together Results Update – Profit & Loss Particulars (INR millions) Q3FY13 Q2FY14 Q3FY14 YoY Net Sales 6,199 3,899 6,599 6% EBIDTA before forex gain/(loss) 994 815 1,180 19% EBIDTA margins (%) 16% 21% 18% EBIDTA after forex gain/(loss) 627 490 1,276 103% Depreciation 135 148 177 3
Slide 9: Quarterly P&L
Finolex gets people together Quarterly P&L Q4 Q1 Q2 Q3 Quarterly PL (INR million) FY12 FY13 FY13 FY14 FY13 FY14 *FY13 FY14 Net Income 5,930 6,296 5,199 5,635 3,809 3,899 6,199 6,599 Cost of goods sold 4,766 4,669 3,902 4,307 2,742 2,739 4,779 4,930 Gross Profits 1,164 1,627 1,296 1,328 1,068 1,160 1
Slide 10: Quarterly Segmental P&L
Finolex gets people together Quarterly Segmental P&L Segment wise – Quarterly Q4 Q1 Q2 Q3 PL (INR million) FY12 FY13 FY13 FY14 FY13 FY14 FY13 FY14 Segmental revenues PVC 3,970 4,555 3,896 3,627 2,779 3,245 4,419 4,911 PVC pipes 3,447 4,142 3,134 4,349 2,945 2,779 3,599 3,819 Power 465 546 395 450 51
Slide 11: Profit & Loss – Key indicators
Finolex gets people together Profit & Loss – Key indicators Profit & loss account (INR million) FY10 FY11 FY12 FY13 9MFY14 Net Income 14,549 19,777 20,998 21,448 16,133 Growth in sales (%) 36% 6% 2% Gross Profits 4,442 3,878 3,893 5,356 4,157 Gross margins (%) 31% 20% 19% 25% 26% 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 13
Slide 14: Industry outlook
Industry outlook Finolex gets people together PVC Pipes Domestic PVC pipe industry has been growing at a CAGR of 10% p.a. over the last five years. However, during the quarter ending December, 2013 industry saw a slower growth due to an extended monsoon. It is expected to pick up during the four
Slide 15: 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 15