Finolex Industries Limited · NSE:FINPIPE
Finolex Industries — Q4 FY2023 Earnings Presentation
27 slides from Finolex Industries's earnings presentation, May 22, 2023
Slide 1: Cover letter to stock exchanges on results presentation
FIL/SEC/SEs/2023-24/16 22nd May, 2023 The Manager – Listing Department The Manager – Listing Department National Stock Exchange of India Limited BSE Limited 5, Exchange Plaza Registered Office: Floor 25 Bandra-Kurla Complex P.J.Towers Bandra (East), Dalal Street Mumbai 400051 Mumbai 400 001 Scrip Co
Slide 2: Investor Presentation Q4 FY 2022-23
Investor Presentation Q4 FY 2022-23 1
Slide 3: Segment Performance – Key highlights Q4 FY23
Segment Performance – Key highlights Q4 FY23 P&F sales volume (MTs) PVC sales volume (MTs) 4% -27% -10% -10% 90,396 79,182 81,452 64,696 58,132 78,629 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 P&F EBIT (Rs Cr) PVC EBIT (Rs Cr) -4% -25% 31% 843%. 94.20 90.32 156.46 68.90 117.25 12.43 Q4 FY22 Q3
Slide 4: Business Performance of the Company (Total)
Business Performance of the Company (Total) Revenue (Rs Cr) EBITDA (Rs Cr) -18% -28% 137% 1% 264.66 1,594.57 217.43 1,124.76 1,141.06 91.87 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 PBT (Rs Cr) Sales volumes (in MT) [P&F + Resin] -17% -12% -10% 135% 259.81 1,57,811 1,55,092 216.37 92.06 1,39,5
Slide 5: Reported record volume growth supported by a healthy demand
Reported record volume growth supported by a healthy demand Q4 FY23 FY23 Segment Revenue – Q4 FY23 Rs Cr Strong volumes Total revenue decreased by Total revenue decreased by coupled with 28% y-o-y to Rs.1,141 Cr 5% y-o-y to Rs.4,397 Cr muted PVC prices from Rs.1,595 Cr. compared to Rs.4,647 1,10
Slide 6: Pipes and Fittings
Segment Performance – Key highlights Q4 FY23 Pipes and Fittings 1,102.11 Cr 81,452 MT 90.32 Cr (14%) y-o-y 4% y-o-y (4%) y-o-y Revenue Volume EBIT 501.29 Cr 58,132 MT 117.25 Cr (52%) y-o-y (27%) y-o-y (25%) y-o-y Resin Revenue Volume EBIT 5
Slide 7: EBITDA Movement Q4 FY23 vs. Q4 FY22
EBITDA Movement Q4 FY23 vs. Q4 FY22 Rs Cr 264.66 449.07 10.30 217.43 (53.09) (453.51) EBITDA Revenue Materials Employee Other expenses EBITDA Q4 FY22 consumed benefit expenses Q4 FY23 All Numbers are on standalone basis, excluding exceptional items 6
Slide 8: EBITDA Movement FY23 vs. FY22
EBITDA Movement FY23 vs. FY22 Rs Cr 1,023.74 (250.28) 1.17 (223.01) 292.54 (259.08) EBITDA FY22 Revenue Materials Employee Other expenses EBITDA FY23 consumed benefit expenses All Numbers are on standalone basis, excluding exceptional items 7
Slide 9: Summarised Income Statement
Summarised Income Statement YOY YOY Rs. Crores Q4 FY23 Q4 FY22 FY23 FY22 Change Change Total Income from operations 1,141.06 1,594.57 -28% 4,397.05 4,647.32 -5% EBITDA gain/ (loss)* 217.43 264.66 -18% 292.54 1023.74 -71% EBITDA % 19.06% 16.60% - 6.65% 22.03% - Depreciation 23.80 21.55 10% 89.20 83.4
Slide 10: Balance sheet – Key indicators
Balance sheet – Key indicators Rs. Crores 31-Mar-23 31-Mar-22 Equity and liabilities Share capital 123.67 124.10 Reserves and surplus 4,701.23 3,739.66 Long term borrowings - Short term borrowings (including loans repayable in one year) 526.41 278.03 Assets Fixed assets (Net block) 1,037.57 992.33 C
Slide 11: PVC Prices & PVC/EDC Delta
0 200 400 600 800 1000 1200 1400 1600 1800 2000 Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 PVC (USD/MT) Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 PVC Prices & PVC/EDC Delta Jun-22 Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 0 1000 1200 200 400 600 800 Apr-19 Ju
Slide 12: Select Marketing Initiatives
Select Marketing Initiatives 11
Slide 13: TV & Digital ad campaigns | Outdoor marketing activities
TV & Digital ad campaigns | Outdoor marketing activities Holi Film Mar’22 Reach: 1.2 Cr + Views: 32.8 L+ TV campaign (FCT & NFCT) Festive & topical ads on digital channels Retail branding and outdoor marketing activities
Slide 14: Brand Integration | Festival Celebration | Topical communication
Brand Integration | Festival Celebration | Topical communication Social media Posts- Festive Wishes In-film Integration BIGG BOSS Marathi -Grand Finale ‘Finolex Pipes’ in film integration and Print ads –Navbharat & Social media Posts- Festive Wishes Saamna realty shows 13
Slide 15: Various Other Events
Various Other Events Mega Retailer Meet Plumber meets Cinema screening, Particiaption in local festivals & popular exhibitions Amplifying on ground events across digital 14 platforms
Slide 16: CSR Update
CSR Update FINOLEX PIPES
Slide 17: Presence of Mukul Madhav Foundation in India
Presence of Mukul Madhav Foundation in India Mukul Madhav Foundation (MMF), the CSR partner of FIL is engaged in various CSR activities all across India States where we are present States where we are not present 16
Slide 18: Commitment Towards the 17 UN Sustainable Development Goals
Continue to Strengthen Our Commitment Towards 17 out of the 17 UN Sustainable Development Goals 17
Slide 19: Actively engaged in 15 out of 16 CSR Mandated Areas
Actively engaged in 15 out of 16 CSR Mandated Areas ✅ Agriculture & rural development ✅ Promoting sports projects ✅ Safe drinking water and sanitation ✅ Ensuring environmental ✅ Support to differently abled sustainability ✅ Technology incubators ✅ Eradicating extreme hunger and ✅ Armed force
Slide 20: CSR Activities in Q4 FY23 – some snapshots
CSR Activities in Q4 FY23 – some snapshots Eradicating extreme hunger & poverty Support for Differently-Abled Promotion for Education 82 holistic nutrition kits provided to Tuberculosis patients Signed an agreement to provide healthcare and vocational 3500+ individual students supported with s
Slide 21: CSR Activities in Q4 FY23 – some snapshots
CSR Activities in Q4 FY23 – some snapshots Promoting Preventive Healthcare Promoting Gender Equality Safe Drinking Water & Sanitation 15,936 individual patients supported; 1,750 medical 31,577 women benefited under this program. MMF is continuously working towards providing communities profess
Slide 22: CSR- Awards and Recognitions
CSR- Awards and Recognitions Letter of appreciation is received from HELP Foundation, Managing Trustee, Mrs. Ritu Prakash Chhabria featured in the Jammu and Kashmir highlighting MMF’s partnership and Women’s Day Edition of the NRI World Magazine continued association from the COVID-19 pandemic
Slide 23: Contact: Mr. Abhay Amlekar
Mr. Abhay Amlekar aba@finolexind.com D-1/10, MIDC Chinchwad, Pune 411 009 020 2740 8200 I 1-800-2003266 22 www.finolexpipes.com
Slide 24: Volume Data
Finolex Industries Limited. Volume Data Sr. No. Particulars Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 1 Production in MT a PVC Resin 51,785 41,347 83,370 70,891 13,785 43,338 84,016 83,896 53,817 29,961 65,846 64,5
Slide 25: Press release: record volume growth for the full year
FOR IMMEDIATE RELEASE Finolex Industries reports record volume growth for the full year backed by healthy demand Pune, 22 May 2023: Finolex Industries Limited (NSE:FINPIPE|BSE:500940) at its Board Meeting held today announced unaudited financial results for the fourth quarter ended March 31, 2023. K
Slide 26: EBITDA and FY23 highlights
EBITDA stood at Rs 217.43 Cr for Q4FY23 against Rs 264.66 Cr for Q4FY22, down 17.85% on a y-o-y basis. PAT was Rs 158.35 Cr for Q4FY23 against Rs 493.80 Cr for Q4FY22. FY 23 Highlights: Total income from operations was Rs 4,397.05 Cr for FY23 – down 5.39% against Rs 4,647.32 Cr in FY22. Volu
Slide 27: This is Finolex
This is Finolex: We are India’s most trusted PVC pipes and fittings manufacturer. Over the last 40 years, we have impacted the sanitation-plumbing and agricultural sectors with prudent investments across our value chain. Right from the sourcing of quality raw materials and resin production, to manuf