Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY2018 Earnings Presentation
18 slides from Greenlam Industries's earnings presentation, February 2018
Slide 1: Result Presentation Q3 & 9MFY18
Result Presentation Q3 & 9MFY18 February 2018 GREENLAM INDUSTRIES LIMITED BEYOND!
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenlam 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
Slide 3: We are…
We are… A one stop solution provider for All Surfacing Needs Among World’s Top 3 Laminate producers Asia’s Largest Laminate brand India’s Largest Exporter of Laminates India’s No. 1 Decorative Veneer brand India’s Only Manufacturer of Engineered Wood Flooring India’s 1st Organized Manufacturer of En
Slide 4: Our Products
Our Products Decorative Laminate & Allied products Veneer & Allied Decorative Laminates Compact Panel MFC Mikasa Floor Mikasa Door Veneer Standard Compact Panel Natural Veneer Engineered Door Commodity to Lab Guardian Melamine Faced Engineered Teak Veneer sets Premium products Restroom & Locker solu
Slide 5: Consolidated Financial Performance
Consolidated Financial Performance* * All quarterly & nine month financial data are as per IND-AS GREENLAM INDUSTRIES LIMITED BEYOND!
Slide 6: Performance Update – Q3FY18
Consolidated Financial Performance Performance Update – Q3FY18 Consolidated Net Revenue stood at INR 280 Crores as compared to INR 242 Crores, growth of 15.7% YoY • Overall Domestic revenue grew by 28.8% • Domestic Laminate revenue grew by 20.8% led by volume growth of 13.7% • Decorative Veneer re
Slide 7: Performance Update – 9MFY18
Consolidated Financial Performance Performance Update – 9MFY18 Consolidated Net Revenue stood at INR 833 Crores as compared to INR 783 Crores, growth of 6.4% YoY • Overall Domestic revenue grew by 19.1% • Domestic Laminate revenue grew by 18.3% led by 13.7% growth in volume terms • Decorative Vene
Slide 8: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q3FY18 Q3FY17 YoY% 9MFY18 9MFY17 YoY% Revenue 280.3 242.2 15.7% 833.6 783.3 6.4% Raw Material 145.4 124.6 431.2 408.6 Gross Profit 134.9 117.5 14.8% 402.4 374.7 7.4% Gross Margin % 48.1% 48.5% -40 bps 48.3% 47.8% 50 bps Employee
Slide 9: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3FY18 Q3FY17 YoY% 9MFY18 9MFY17 YoY% Net Revenue from Operations 235.3 212.1 10.9% 718.5 688.9 4.3% Gross Profit 111.7 102.8 8.7% 341.9 327.4 4.4% Gross Margin % 47.5% 48.5% -100 bps 47.6% 47.5% 10 bps EBIDTA 33.1 29.4 12.6% 9
Slide 10: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Sales (Mn Sheets) Average Realisation (INR / Sheet) Sheets) +18.3% +10.7% +2.7% 3.51 3.37 2.95 3.26 683 701 3.01 2.85 Q3FY17 Q3FY18* Q3FY17 Q3FY18 Q3FY17 Q3FY18 Capacity Production +12.4% +8.3% -1.2% 10.52 10.4
Slide 11: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q3FY18 Q3FY17 YoY% 9MFY18 9MFY17 YoY% Net Revenue from Operations 45.0 30.1 49.6% 115.1 94.4 21.8% Gross Profit 23.2 14.8 57.4% 60.5 47.3 27.7% Gross Margin % 51.7% 49.1% 260 bps 52.6% 50.1% 250 bps EBIDTA 6.0 0.7 735.6% 11.5 -2.
Slide 12: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) +81.9% -13.1% +84.6% 1.05 1.05 0.49 813 706 0.48 0.27 0.26 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Capacity Production +22.7% +25.4% -6.5% 3.15 3.15 1.21 766 716
Slide 13: Engineered Doors and Floors
Consolidated Financial Performance Engineered Doors and Floors Revenue (INR Crores) EBITDA (INR Crores) Capacity Utilization 6.3 -0.1 18.3% 18.2% 3.9 4.6 3.9 11.2% -1.0 -1.0 6.3% -2.0 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Floors Doors Floors Doors Floors Doors 17.9 11.7% 10.7% 11.7% -2.2 11.4 10
Slide 14: Geographic Segments
Consolidated Financial Performance Geographic Segments Domestic (INR Crores) Exports (INR Crores) -0.2% +19.0% -8.4% +28.8% 171 503 110 109 361 331 422 133 Q3FY17 Q3FY18 9MFY17 9MFY18 Q3FY17 Q3FY18 9MFY17 9MFY18 * All quarterly & nine month financial data are as per IND-AS GREENLAM INDUSTRIES LIMITE
Slide 15: Operating Parameters- Net Working Capital (Days)
Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days Q3FY17 Q3FY18 9MFY17 9MY18 -18 106 Inventory 94 89 87 90 88 Debtors 59 52 54 53 Creditors 46 53 43 54 Q3FY17 Q3FY18 -9 98 89 Net Working Capital 106 88 98 89 9MFY17 9MFY18 * All quart
Slide 16: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE* INR Crores Q3FY17 Q3FY18 9MFY17 9MFY18 19.4% 17.9% Revenue 242.2 280.3 783.3 833.6 14.3% 13.5% EBIT 22.2 30.5 70.4 84.6 PAT 9.5 17.4 31.9 46.7 Q3FY17 Q3FY18 9MFY17 9MFY18 Capital Employed 657.2 629.6 657.2 629.6 ROE* 20.5% 18.4% Net
Slide 17: Debt Position
Consolidated Financial Performance Debt Position Debt-Equity Ratio INR Crores 9MFY17 9MFY18 1.26 Long Term Debt 179.8 131.3 (Including current portion) 0.81 Short Term Debt 174.1 141.9 Total Debt 353.8 273.2 9MFY17 9MFY18 Net Worth 281.6 338.1 Debt-EBITDA Ratio* EBDITA 95.6 110.1 2.78 1.86 9MFY17 9M
Slide 18: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L21016AS2013PLC011624 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Mr. Shogun Jain / Mr. Shrikant Sangani Email: ashok.sharma@greenlam.com shogun.ja
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