Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q3 FY2024 Earnings Presentation
37 slides from Greenply Industries's earnings presentation, Feb 1, 2024
Slide 1: Exchange filing cover letter
I ~ HAR ZARURAT KA REPLY Greenply/2023-24 February 1, 2024 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 - 400 001 Mumbai - 400 051 Scrip Code:
Slide 2: Analyst Presentation Q3 & 9M FY 2024
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q3 & 9M FY 2024 1st February 2024 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Contents
Contents ❖ Key Highlights ❖ Financial & Operating Performance ❖ Corporate Overview ❖ Strategic Initiatives 3
Slide 5: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Sandila) % Change % Change Particulars Q3 FY24 Q3 FY23 Q2 FY24 Y-o-Y Q-o-Q Sales Volume (MSM) 17.8 16.0 11.0% 19.1 -7.0% Realisation (Rs/MSM) 252 249 1.2% 245 2.9% Revenue (Rs Crs) 454 405 11.9% 478 -5.1% Adj. Core EBITDA*
Slide 6: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business Realisation % Change Particulars Q3 FY24 Q2 FY24 9M FY24 Particulars Q3 FY24 Q2 FY24 9M FY24 Q-o-Q MDF Sales Volume (CBM) 41,928 31,019 35% 79,009 Sales Volume (CBM) 38,110 31,018 75,190 Realisation (Rs/CBM) 30,629 28,539 7% 29,649 Realisation
Slide 7: Key results highlights- Consolidated
Key results highlights- Consolidated % Change % Change % Change Particulars Q3 FY24 Q3 FY23 Q2 FY24 Particulars 9M FY24 9M FY23 Y-o-Y Q-o-Q Y-o-Y Revenue (Rs Crs) 621 428 45.0% 608 2.2% Revenue (Rs Crs) 1705 1376 23.8% Adj. Core EBITDA* (Rs Crs) 57 36 56.5% 53 8.0% Adj. Core EBITDA* (Rs Crs) 143 133
Slide 8: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 7
Slide 9: Consolidated P&L-Q3 FY24
Consolidated P&L-Q3 FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 45.0% 55.6% 7.5% 700 608 2.2% 621 600 300 260 50.0% 250 242 500 428 167 39.1% 39.8% 41.9% 40.0% 200 30.0% 400 150 300 100 20.0% 200 50 10.0% 100 0 0.0% Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Adj. Core EBITDA*- Rs
Slide 10: Consolidated P&L-9M FY24
Consolidated P&L-9M FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 30.0% 23.8% 800 50.0% 700 2,000 1,705 538 40.0% 1,376 600 1,500 41.1% 30.0% 400 39.1% 1,000 20.0% 500 200 10.0% - 0 0.0% 9M FY23 9M FY24 9M FY23 9M FY24 Adj. Core EBITDA*- Rs. Crores, Margin % PAT - Rs. Crores, Margin % 7
Slide 11: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 400 60 450 408 100 350 100 341 400 357 286 318 300 277 50 50 350 80 80 300 254 48 275 59 54 250 213 54 40 300 250 60 60 60 200 45 200 30 200 42 40 150 42 40 20 150 100 100 20 100 10 5
Slide 12: Plywood Business P&L-Q3 FY24
Plywood Business^ (Standalone + Sandila) P&L-Q3 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 11.9% 9.2% 600 -5.1% 478 250 -0.8% 50.0% 500 454 405 200 174 172 40.0% 400 158 39.0% 300 150 36.4% 38.0% 30.0% 200 100 20.0% 100 0 50 10.0% Q3 FY23 Q2 FY24 Q3 FY24 0 0.0% Q3 FY23 Q2 FY24 Q3 FY
Slide 13: Plywood Business Ratios
Plywood Business^ (Standalone + Sandila) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 200 178 40 300 60 300 49 169 164 259 239 38 36 35 52 236 250 219 50 250 48 48 150 30 202 195 47 31 200 40 200 25 45 42 46 100 20 150 30 150 45 45 15 100 20
Slide 14: Plywood Business Operating Metrics Q3 FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics Q3 FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 29% 33% 34% 80% 37% 43% 43% 8% 4% 3% 60% 60% 9% 4% 3% 40% 40% 63% 63% 63% 54% 53% 54% 20% 20% 0% 0% Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Manufacturing (Own
Slide 15: Plywood Business P&L-9M FY24
Plywood Business^ (Standalone + Sandila) P&L-9M FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 8.7% 9.4% 560.0 40.0% 1,600.0 37.9% 1,344.2 520.0 37.7% 509.4 30.0% 1,400.0 1,236.1 480.0 465.8 20.0% 1,200.0 1,000.0 440.0 10.0% 800.0 400.0 0.0% 9M FY23 9M FY24 9M FY23 9M FY24 Adj. Core EBI
Slide 16: Plywood Business Operating Metrics 9M FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics 9M FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 31% 33% 80% 41% 42% 60% 8% 4% 60% 9% 4% 40% 40% 54% 61% 64% 20% 50% 20% 0% 0% 9M FY23 9M FY24 9M FY23 9M FY24 Manufacturing (Own) Manufacturing Partners Tra
Slide 17: MDF P&L-Quarterly FY24
MDF P&L-Quarterly FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores 140 128 70 61 120 60 49 100 89 50 80 40 60 30 40 17 20 15 20 10 - 0 Q1 FY24 Q2 FY24 Q3 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Adj. Core EBITDA*- Rs. Crores, Margin % PAT- Rs. Crores Q1 FY24 Q2 FY24 Q3 FY24 20 17 0 15 12 -2 10 -4 -0.2 -6 -3 5
Slide 18: Consolidated Profit & Loss Statement Q3 FY24
Consolidated Profit & Loss Statement Q3 FY24 (₹ in Lakhs) Statement of Unaudited Consolidated Financial Results for the quarter and nine months ended 31 December 2023 Corresponding Year to date Year to date Three months Previous Three Three months figures for the figures for the Previous year Sr. en
Slide 19: Corporate Overview
CORPORATE OVERVIEW 18
Slide 20: Greenply at a glance
Greenply at a glance 35+ Listed in NSE & Wood based products - One of the largest E-0 Interior Years of experience BSE-Rs. 2,900+ Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap (upcoming
Slide 21: Manufacturing Excellence
Manufacturing Excellence Plywood & allied (Own Capacity Plywood & allied (Domestic Capacity Kriparampur, West Bengal Manufacturing ) Location (Mn SqM pa) Partner) Location (Mn SqM pa) Bareilly, Uttar Pradesh ~10.00 Bamanbore, Gujarat 15.80 Hapur, Uttar Pradesh 7.50 Sandila, Lucknow (U.P.) 13.50 Face
Slide 22: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 31st December 2023 Shareholding Pattern- 31st December 2023 Shareholding Major Institutional Shareholders % 13.86% Mirae Asset Mutual Fund 10.97 HDFC Mutual Fund 7.66 Tata Mutual Fund 4.87 Bandhan Mutual Fund 2.22 51.97% 30.06
Slide 23: New Products: Interior MDF
New Products INTERIOR MDF APPLICATIONS It can be used for interior purposes such as furniture, Exhibition, Furniture, handcrafts, Moulded and Shaped Parts (traditional furniture). Various other items like Handicraft Items/Toys Cabinets, Wall Cladding, Wall Panelling, False Ceiling, Wardrobes, Booksh
Slide 24: New Products: Exterior MDF
New Products EXTERIOR MDF APPLICATIONS Ideal for use in kitchen and bathrooms as well as for windows, and double glazing in fills shoe heels etc. Greenply's Exterior Grade Range (IS grade I) is the perfect solution for highly humid environments where dimensional stability is non-negotiable. With exc
Slide 25: New Products: HDMR 710 MDF
New Products HDMR 710 MDF APPLICATIONS kitchen cupboards, bathroom vanities, laundry cupboards, shelving, and other places that are prone to moisture. Resisting expansion & contraction brought on by high- humid conditions, Greenply's HDF has a homogeneous structure that ensures uniform strength thro
Slide 26: New Products: Pre-Laminated MDF
New Products PRE - LAMINATED MDF APPLICATIONS With a unique surface finish, these boards come in a wide range of colours, textures, and finishes, making them the first choice of customers. Greenply's pre-laminated MDF boards come in both interior and exterior grades, with the exterior grade designed
Slide 27: New Products: Boil Pro 500 MDF
New Products Boil Pro 500 MDF APPLICATIONS A game-changer that redefines the norms of protection and resilience. Meticulously crafted using HydroFireBloc Technology, a revolutionary blend of hydro-repellent and fire-retardant elements, these fire-retardant as well waterproof MDF boards pack innovati
Slide 28: New Products: CARB P2 MDF
New Products CARB P2 MDF APPLICATIONS A true marvel born from the amalgamation of state-of-the-art technology and a wealth of industry knowledge spanning decades. Developed within Greenply's cutting-edge facility, these pieces of exceptional MDF sheets redefine the very essence of zero-emission mate
Slide 29: Expanding our ESG footprints
Expanding our ESG footprints
Slide 30: Brand Campaign - TV Campaign
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels He Qove pices BIS Ge == La 7 ; ; ¢ : Reach thru TV GA inaiay BR
Slide 31: Brand Campaign - OOH Visibility
Brand Campaign - Driving Brand Saliency ad [ OOH Visibility through High Impact Sites & Innovation — . \ Gus 300+ Sites = 3D Display ge z Anamorphic Display
Slide 32: Brand Campaign - Digital Engagement
Brand Campaign — SM Engagement, Reach & Consideration through Digital go Teaser | Product Communication| Contextual & Moment Communication CREATE YOUR DREAM HOME WITH (@) NO HARMFUL \) cases (@) NO IRRITATING @ sme >) HEALTHY INTERIORS
Slide 33: Hero Zone, In-shop Communication and Launch Event
Hero Zone at Select Outlets — 30+ | In-shop Comm —1200+ outlets | Brand Campaign | Launch Event — 120+ dealer Engaged
Slide 34: New Category - Boil Pro Launch Elements
New Category — Boil Pro 500 Launch Elements With HYDROFIREBLOC TEC Fire Proof Water Proof Future Proof @ we wvongeRgptoc EWP GRADE PRODQ NEO TECH OF Sreeply S Cinisiasices | ’ ) — aByears eS em 18mm, & FIRERETARDANT BWPGRADE 25YEARS
Slide 35: Awards & Recognition
Awards & Recognition Great Place to Work-Three times in a India’s Most trusted Brand- Economic Times Sustainable Best Green Manufacturing row (2020, 2021, 2022) 2022 Organisations Award - Company- 2022 2023 34
Slide 36: Strategic Initiatives
Strategic Initiatives Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Product portfolio manufacturing expansion base at diversified locations Strategic Initiatives 35 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 37: Thank You!
For further information, please contact: Registered Office: Makum Road, P.O. Tinsukia, Assam - 786 125 Corporate Office: “Madgul Lounge”, 5th & 6th Floor 23 Chetla Central Road Kolkata - 700 027, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.co
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