Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q3 FY2021 Earnings Presentation
32 slides from Greenply Industries's earnings presentation, Feb 11, 2021
Slide 1: Cover letter to stock exchanges
Greenply/2020-21 February 11, 2021 The Manager The Manager BSELimited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code: 526797 Symbol- GREENPL
Slide 2: Q3 & 9M FY2021 Financial Results Presentation
Q3 & 9M FY2021 Financial Results Presentation
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Contents
Contents Business Overview Financial Highlights: Consolidated & Standalone Financial Results Chairman & MD’s comments Shareholding Pattern Company Overview Growth Outlook Manufacturing Facilities Our Brands Marketing /Activation Brand Activation - Digital 3
Slide 5: Business Overview
Business Overview ➢ Business progressing towards being Future Ready ➢ Improving demand environment, continuing initiatives across sales, marketing and operations functions translate to performance reverting to close to pre Covid levels ➢ Thrust on enhancing operating efficiencies, strengthening bran
Slide 6: Financial Highlights – Q3 FY 2021
Financial Highlights – Q3 FY 2021 Consolidated Gross margins up by 92 bps YoY to 41.9% Consolidated Net Sales down by 1.6% Standalone Gross margins up by 283 Consolidated EBITDA margins up by YoY to Rs. 339.2 crore bps YoY to 41.1% 119 bps YoY to 12.8% Standalone Net Sales down by 3.0% Standalone EB
Slide 7: Financial Highlights – 9M FY 2021
Financial Highlights – 9M FY 2021 Consolidated Gross margins up by 11 bps YoY to 41.8% Consolidated Net Sales down by Standalone Gross margins up by 105 Consolidated EBITDA margins down 28.5% YoY to Rs. 766.0 crore bps YoY to 40.6% by 213 bps YoY to 9.7% Standalone Net Sales down by 32.4% Standalone
Slide 8: Consolidated Financial Highlights – Q3 FY 2021
Consolidated Financial Highlights – Q3 FY 2021 Figures in Rs crore Q3 Q3 Q2 Q3 Q3 Q2 Key Ratios (%) FY21 FY20 FY21 FY21 FY20 FY21 Net Sales 339.2 344.9 -1.6% 294.6 15.1% Gross Margin 41.9 40.9 39.6 EBITDA Margin 12.8 11.6 11.4 Gross Profit 142.0 141.2 0.6% 116.6 21.8% EBIT Margin 11.0 9.7 9.4 Net Ma
Slide 9: Consolidated Financial Highlights – 9M FY 2021
Consolidated Financial Highlights – 9M FY 2021 Figures in Rs crore 9M FY21 9M FY20 Key Ratios (%) 9M FY21 9M FY20 Gross Margin 41.8 41.7 Net Sales 766.0 1072.0 -28.5% EBITDA Margin 9.7 11.8 Gross Profit 320.1 446.7 -28.3% EBIT Margin 7.5 10.0 Net Margin 4.2 6.4 EBITDA 74.1 126.5 -41.4% Ad and promot
Slide 10: Standalone Financial Highlights – Q3 FY 2021
Standalone Financial Highlights – Q3 FY 2021 Figures in Rs crore Q3 Q3 Q2 Q3 Q3 Q2 FY21 Key Ratios (%) FY21 FY20 FY21 FY20 FY21 Net Sales 308.9 318.4 -3.0% 237.4 30.1% Gross Margin 41.1 38.2 39.6 EBITDA Margin 12.8 11.0 10.6 Gross Profit 126.9 121.8 4.2% 94.1 34.9% EBIT Margin 11.4 9.4 8.9 Net Margi
Slide 11: Standalone Financial Highlights – 9M FY 2021
Standalone Financial Highlights – 9M FY 2021 Figures in Rs crore 9M FY21 9M FY20 Key Ratios (%) 9M FY21 9M FY20 Gross Margin 40.6 39.5 Net Sales 653.4 966.7 -32.4% EBITDA Margin 9.1 11.2 Gross Profit 265.1 382.0 -30.6% EBIT Margin 7.3 9.5 Net Margin 4.5 5.9 EBITDA 59.5 107.9 -44.8% Ad and promotions
Slide 12: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Dec’20 Dec’19 Mar’20 Balance Sheet Perspective Capital Employed 655.6 645.3 Figures in Rs crore 598.9 532.0 500.1 447.5 Net worth Total Debt 410.1 257.7 267.4 397.9 Consolidated Standalone 377.9 381.4 381.3 188.8 150.7 143.1 357.0 66.1 Cash & Cash equivalents/Bank balances 106
Slide 13: Financial Highlights – Balance Sheet Perspective
Financial Highlights – Dec’20 Dec’19 Mar’20 Balance Sheet Perspective Inventories Figures in Rs crore 174.2 177.1 155.7 142.1 143.8 102.2 Receivables Payables 346.2 356.5 250.4 311.4 307.9 231.7 233.6 218.4 188.3 Consolidated Standalone 173.1 201.4 170.6 Fixed Assets 318.3 310.5 319.5 Consolidated S
Slide 14: Financial Highlights - Ratios
Financial Highlights - Dec’20 Dec’19 Mar’20 Ratios Inventories (Days) 56 45 46 43 42 40 Debtors (Days) Creditors (Days) 89 92 89 89 73 68 66 Consolidated Standalone 64 63 72 72 60 Working Capital Turnover (Days) 78 70 68 Consolidated Standalone Consolidated Standalone 60 63 42 Better working capital
Slide 15: Financial Highlights – Ratios
Financial Highlights – Dec’20 Dec’19 Mar’20 Ratios RoCE Post-tax (%) 17.1 17.5 10.5 11.2 10.1 9.9 ROE (%) RoCE Pre-tax (%) 23.0 21.6 23.1 20.0 14.2 Consolidated Standalone 12.5 12.3 12.6 12.6 10.5 10.2 9.1 Debt/Equity 0.71 0.65 Consolidated Standalone Consolidated Standalone 0.46 0.40 0.40 0.17 Cons
Slide 16: Consolidated Performance - Q3 FY 2021 v/s Q3 FY 2020
Consolidated Performance - Q3 FY 2021 v/s Q3 FY 2020 Greenply Subsidiaries Consolidated Figures in Rs crore Q3 FY21 Sales Gross Profit 142.0 EBITDA 339.2 126.9 43.3 308.9 39.4 30.3 15.1 3.9 Q3 FY20 Sales Gross Profit 141.2 EBITDA 344.9 121.8 318.4 39.9 35.1 19.4 4.8 26.5 15
Slide 17: Consolidated Performance - 9M FY 2021 v/s 9M FY 2020
Consolidated Performance - 9M FY 2021 v/s 9M FY 2020 Greenply Subsidiaries Consolidated Figures in Rs crore 9M FY21 Sales Gross Profit EBITDA 74.1 766.0 320.1 59.5 653.4 265.1 55.0 14.6 112.6 9M FY20 Sales Gross Profit 446.7 EBITDA 382.0 126.5 1,072.0 107.9 966.7 64.7 18.6 105.3 16
Slide 18: Greenply Standalone Performance
Greenply Standalone Performance Particulars Q3 FY21 Q3 FY20 Var(%) 9MFY21 9MFY20 Var(%) Net sales (Rs. crore) 308.9 318.4 -3.0 653.4 966.7 -32.4 EBITDA margin (%) 12.8 11.0 9.1 11.2 EBIT margin (%) 11.4 9.4 7.3 9.5 Annual capacity (million sqm.) 24.90 24.90 24.90 24.90 Production (million sqm.) 7.95
Slide 19: Consolidated Financial Results – P&L Q3 & 9M FY 2021
Consolidated Financial Results – P&L Q3 & 9M FY 2021 (₹ in Lakhs ) Statement of Unaudited Cons olidated Financial Res ults for the quarter and nine months ended 31 December 2020 CONS CONS 3M CONS 3M CONS 9M CONS 9M CONS 12M Sr. Particulars 3M31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.
Slide 20: Standalone Financial Results – P&L Q3 & 9M FY 2021
Standalone Financial Results – P&L Q3 & 9M FY 2021 (₹ in Lakhs) Statement of Unaudited Standalone Financial Results for the quarter and nine months ended 31 December 2020 STD 3M STD 3M STD 3M STD 9M STD 9M STD 12M Sr. Particulars 31.12.2020 30.09.2020 31.12.2019 31.12.2020 31.12.2019 31.03.2020 No.
Slide 21: Chairman & MD's comments on Q3FY2021 performance
“Commenting on the performance for Q3FY2021, Mr. Rajesh Mittal, Chairman & Managing Director, Greenply Industries Ltd. said, “An improving demand environment combined with a slew of initiatives being taken across all our functions is translating to Greenply becoming a far more agile and efficient Co
Slide 22: Shareholding Pattern
Shareholding Pattern December 2020 December 2019 47.80% 52.20% 48.20% 51.80% Public Promoter Public Promoter 21
Slide 23: Company Overview
➢ CAPACITY UTILIZATION ➢ STRONG INDUSTRY POTENTIAL ▪ Plywood 95% utilization in 9MFY2021 ▪ Plywood industry size – Rs. 190 billion ▪ Plywood 148% utilization in 9MFY2020 ▪ Strong demand drivers – rising residential/ commercial construction, increasing ➢ PRODUCTION MODEL urbanization, high disposable
Slide 24: Growth Outlook
Growth Outlook PRODUCT ADVERTISING & IT DISTRIBUTION FINANCIAL INDUSTRY PROFILE PROMOTIONAL INITIATIVES NETWORK PERFORMANCE DRIVERS SPENDS ➢ To improve mix ➢ Continued ➢ Upgraded IT ➢ To increase the ➢ Margin expected ➢ Rising demand of plywood investments in infrastructure – number of to improve po
Slide 25: Manufacturing Facilities / Business Model
Manufacturing Facilities / Business Model Facilities Business Model Capacity 60% Premium products, 40% mid & low end products in volume terms in Location 9M FY21 (mn sqm.) Plywood Tizit, Nagaland 4.50 70% Premium products, 30% mid & low end products in value terms in Kriparampur, West Bengal 6.00 9M
Slide 26: Our Brands
optim: ES Bhaosaply fm PLYWOOD & BLOCKBOARD 25
Slide 27: On-Ground Activity
On-Ground Activity ➢ Veneerscape meets were conducted Tier II & Tier III cities across India ➢ Primary focus on Decorative Veneers but also showcased our range of Plywood's including our zero emission Plywood, Green Doors & PVC range ➢ Meeting with Carpenters to explain the key product features like
Slide 28: My Match Spot during IPL
My Match Spot during IPL We conducted a major campaign capitalizing on our partnership with KKR. We invited people to cheer for their favorite team and share their lucky spot on social media with #MyMatchSpot, offering them grand prizes Contest #MyMatchSpot Total Reach 12,406,837 Total Impressions 2
Slide 29: Spot the Shield during Durga Puja
Spot the Shield during Durga Puja Placing installations at major pandals during Durga Puja across the city to increase brand visibility, we asked people to spot the shield and share their selfies with it. This contest was only conducted in West Bengal Contest #SpottheShield Total Reach 180,576 Total
Slide 30: Ghar Wali Diwali during Diwali
Ghar Wali Diwali during Diwali Conducted a user generated contest wherein we invited people to share their festive home décor corner during Diwali Contest #GharKiDiwali Total Reach 1,036,702 Total Impressions 1,316,928 Total Engagements 252,893 Total Entries Received 259 (FB- 133, IG-71, Tw-55) Tota
Slide 31: About Greenply
About Greenply Greenply Industries Limited (GIL) enjoys leadership position in plywood around 26 percent of the organized plywood market in India. GIL has three state–of-the-art manufacturing facilities for Plywood spread across the country producing world class interior products for the domestic an
Slide 32: Thank You
3 (OCA meer
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