Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q1 FY2021 Earnings Presentation
36 slides from Greenpanel Industries's earnings presentation, Aug 6, 2020
Slide 1: Exchange filing cover letter: Investor Presentation
GREENPANEL GPIL/2020-2021 August 6, 2020 The Manager The Manager BSE Limited 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-400001 Mumbai - 400051 Scrip Code: 542857 Symbol - GREEN
Slide 2: Greenpanel Industries Limited Q1 FY2021 Results Presentation
Greenpanel Industries Limited Q1 FY2021 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
Slide 4: Contents
Contents Financial Highlights Results and Segment details Segment-wise Performance Management Commentary Company Overview Outlook Annexure
Slide 5: Financial Highlights – Q1 FY21
Financial Highlights – Q1 FY21 Net Sales down by 56.5% YoY to Rs. 86.25 crores Plywood revenues down by 62.2% YoY to Rs. 19.49 crores, contributing 23% of net sales MDF revenues down by 54.5% YoY to Rs 66.76 crores, contributing 77% to net sales Gross margins down by 590 bps YoY to 44.3% Due t
Slide 6: Financial Highlights – Q1 FY21
5 Financial Highlights – Q1 FY21 Key ratios (%) Q1FY21 Q1FY20 Gross Margin 44.3% 50.2% EBITDA Margin -7.4% 13.9% EBIT Margin -26% 6.1% Net Margin -39.5% 1.4% Ad and promotions / Net Sales 0.8% 0.8% Staff Cost/ Net Sales 22.8% 11.1% Logistics cost / Net Sales 4.8% 4.6% EPS (Rs.) (2.78) 0.22 NET SALES
Slide 7: Financial Highlights – FY20 vs FY19
6 Financial Highlights –FY20 VS FY19 Key ratios (%) FY 2020 FY 2019 Gross Margin 54.0% 56.1% EBITDA Margin 16.5% 16.8% EBIT Margin 8.7% 8.0% Net Margin 2.0% 7.7% Ad and promotions / Net Sales 1.1% 1.9% Staff Cost/ Net Sales 11.2% 13.1% Logistics cost / Net Sales 5.0% 6.0% EPS (Rs.) 1.32 3.60 NET SAL
Slide 8: Financial Highlights – B/S Perspective
7 Financial Highlights – B/S Perspective Balance Sheet Snapshot (Rs. crore) June 30, 2020 June 30, 2019 March 31, 2020 March 31, 2019 Net worth 662.83 683.07 696.89 680.37 Total debt 527.53 566.48 542.79 578.57 Long Term Debt (Including Current Maturity) 475.77 495.66 470.08 533.16 Short Term De
Slide 9: Financial Highlights – Ratios
8 Financial Highlights – Ratios Key Ratios June 30, 2020 June 30, 2019 March 31, 2020 March 31, 2019 Inventory (days) 144 62 68 84 Debtor (days) 45 26 31 33 Creditor (days) 100 43 54 52 Working Capital Turnover (days) 89 45 45 65 RoE (%) N/A 1.6% 2.3% 6.5% RoCE – Pre-Tax N/A 3.9% 4.9% 3.6% RoCE – Po
Slide 10: Financial Results Q1 FY2021 – Standalone
9 Financial Results Q1 - FY2021 - Standalone Particulars (Rs. in lacs) Q1 30.06.2020 Q4 31.03.2020 Q1 30.06.2019 12M 31.03.2020 Income a) Revenue from operations 9,015.82 23,643.77 20,373.83 85,979.39 b) Other income 49.41 87.02 62.71 203.69 Total Income 9,065.23 23,730.79 20,436.54 86,183.08 Expens
Slide 11: Financial Results Q1 FY2021 – Consolidated
10 Financial Results Q1 - FY2021 - Consolidated Particulars (Rs. in lacs) Q1 30.06.2020 Q4 31.03.2020 Q1 30.06.2019 12M 31.03.2020 Income a) Revenue from operations 9,015.82 23,777.09 21,111.67 87,656.62 b) Other income 85.10 98.37 52.24 223.40 Total Income 9,100.92 23,875.46 21,163.91 87,880.02 Exp
Slide 12: Segmental Performance Q1-FY2021 – Standalone
11 Segmental Performance Q1-FY2021 - Standalone Particulars (Rs. in lacs) Q1 30.06.2020 Q4 31.03.2020 Q1 30.06.2019 12M 31.03.2020 Segment Revenue a) Plywood and allied products 1,950.92 5,012.40 5,179.98 21,593.90 b) Medium density fibreboards and allied products 7,064.90 18,631.37 15,193.85 64,385
Slide 13: Segmental Performance Q1-FY2021 – Consolidated
12 Segmental Performance Q1-FY2021 - Consolidated Particulars (Rs. in lacs) Q1 30.06.2020 Q4 31.03.2020 Q1 30.06.2019 12M 31.03.2020 Segment Revenue a) Plywood and allied products 1,950.92 5,012.40 5,179.98 21,593.90 b) Medium density fibreboards and allied products 7,064.90 18,764.69 15,931.69 66,0
Slide 14: Segment Wise Performance
13 Segment Wise Performance Particulars Plywood Q1FY21 Q1FY20 Var (%) FY20 FY19 Var (%) Net sales (Rs crore) 19.49 51.58 (62.2)% 215.46 141.16 52.6% EBITDA margin (%) (18.1)% 16.3% 11.8% 8.5% EBIT margin (%) (26.0)% 13.5% 8.7% 4.5% Annual capacity (million sqm) 10.5 10.5 10.5 10.5 Production (millio
Slide 15: Managing Director’s Message
14 Managing Director’s Message Commenting on the performance for Q1 FY2021, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Ltd. said, We were operational for only half the quarter which was impacted by lockdown due to Covid 19. Our focus was on inventory reduction, collections
Slide 16: Company Overview
15 Company Overview Capacity Utilization • Plywood – Improved capacity utilization at 78% in 12M FY 2020 Vs. 57% in 12M FY 2019 • MDF capacity utilization was 60% in 12M FY 2020 Vs. 47% in 12M FY 2019 Production Model • Plywood – Own manufacturing for domestic markets. • MDF – Own manufacturing for
Slide 17: Company Overview
16 Company Overview Business Segments • Wood based products - Plywood and allied products, Medium Density Fibreboards (MDF) Strong Industry • Plywood industry size – Rs. 180 billion, MDF industry size – Rs. 19 billion Potential • High incomes, solid construction, Changes in Anti-dumping rules, stric
Slide 18: Growth Outlook
17 Growth Outlook • Focus on enhancing value added contribution • More expected construction, Higher disposable income, Need for urbanisation and improved GST compliance Industry Product Drivers Profile Financial • 50% growth in Plywood in FY 2020 Performance • 60% growth in MDF in FY 2020 • Expecte
Slide 19: Annexure
Annexure
Slide 20: Manufacturing Facilities
19 Manufacturing Facilities PLYWOOD MDF Facilities Capacity Capacity Location Location (mn sqm.) (cbm.) Pantnagar, Uttarakhand 10.50 Pantnagar, Uttarakhand 180,000 Chittoor, Andhra Pradesh 360,000 Total Capacity 10.50 Total Capacity 540,000
Slide 21: One Umbrella Brand @ Greenpanel
One Umbrella Brand @ GREENPANEL GP cREENPANEL
Slide 22: Product Range
21 Product Range MDF Plywood Veneers Wood Floors Doors • Club Grade HDWR • Club Grade • Naturemax • Prima • Commercial • Pre-Laminated MDF Plywood • Spectrumwood Collection(AC3/AC4) • Decorative • CARB/E1 • BWP Plywood • Royale • Persona • Exterior Grade • MR Grade Plywood • Black Forest Collection(
Slide 23: Greenpanel MDF – The Versatile Product
22 GREENPANEL MDF – T H E V E R S AT I L E P R O D U C T • Uniform density, homogenous construction • Precise Routing, Machining & Finishing • Intricate a n d clean cut lattice patterns, high quality laser e ngrav ing • Perfect for surface finished such a s painting, polishing a n high gloss • Lamin
Slide 24: Club Grade HDHMR – Product Innovation at its Best
23 CLUB GRADE HDWR – PRODUCT INNOVATION AT ITS B E S T H IGH DENSITY WATER R E S I S TA N T EXTRA S T R ONG T ERM IT E, B O R E R & FUNGUS RESISTANT FIBRE INTERLOCKING TECHNOLOGY GERMAN T E C H N O LO GY H O M O G E N EO U S CONSTRUCTION
Slide 25: Pre-Laminated MDF – Convenience
24 PRE- LAMINATED MDF – CONVENIENCE M E E T S STUNNING IN T ER IORS Greenpanel Pre-Laminated MDF comes in a r ang e of stylish, decorative designs in plain solid colours, wood grains a n d textured finishes.
Slide 26: Greenpanel Wood Floors
G R E E N PA N E L W O O D F L O O R S T H E G R E E N PA N E L W O O D F L O O R S A D V A N TA G E U p to P e r m a Click Scratch Hygienic & E a s y Water 1 0 0 HDF Interlocking S y s t e m R esistant To M a i n t a i n Resistant B a s e Core 15 Years w a r r an ty
Slide 27: Greenpanel Veneers – Naturemax
26 G R E E N PA N E L V E N E E R S N AT U R E M A X Naturem ax Decorative Veneers from Greenpanel. These Veneers are m a d e from exclusively hand-picked wood species from so m e of the most exotic forests from all over the world. Elegant a n d abstract in design these veneers are sure to lend a to
Slide 28: Spectrum Wood Veneer
27 SPECTRUM WOOD V E NE E R Greenpanel Spectrumwood Veneer combines natural timber b a s e a n d aesthetic designs. Available in wide variety of s h a d es a n d textures, these certified veneers are ideal for application inside the house. The imported b a s e is m a d e of composed core a n d is ov
Slide 29: Greenpanel Plywood
28 G R E E N PA N E L PLYWOOD Moisture Resistant Boiling Wa t e r P LY W O O D Club P ly w o o d Plywood P r o o f Plywood Most advanced machiner y and • St ro n g • S t ro n g • S t ro n g a n d durable specifications, along with strict • Uniform Thickness • Uniform Thickness • Lifetime gu arante e
Slide 30: Doors – Buy and Fit!
29 DOORS – BU Y A N D FIT! Greenpanel Doors are solid wood doors available a s Commercial Doors with hardwood face a n d Decorative doors with Natural/Teak/Recon face a n d laminated face W e also offer customized doors catering to the specific requirements of Architects.
Slide 31: Retail Branding
30 Retail Banding
Slide 32: Magazine Advertising
31 Magazine Advertising CP creenpaner Naturemax NATURAL VENEERS
Slide 33: Magazine Advertising
| 32 Magazine Advertising CP creenpaner mR a nD %) (#) => (& ©) OS _ WARRANTY EEE
Slide 34: Digital Marketing
Digital Marketing Happy ldre ee _ © Ha ror aoe i 33
Slide 35: Merchandise
34 Merchandise CP creenpaner CET A) ay
Slide 36: Thank You
35 V. Venkatramani Chief Financial Officer Greenpanel Industries Limited Tel +91-9748400606 Email: v.venkat@greenpanel.com For more info: www.greenpanel.com Gavin Desa / Rishab Barar CDR - India Tel: +91 22 6645 1237 / 1235 Email: gavin@cdr-india.com rishab@cdr-india.com Thank You
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