Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q2 FY23 Earnings Presentation
16 slides from Greenlam Industries's earnings presentation, Nov 12, 2022
Slide 1: Exchange filing cover letter: Result Presentation
Greenlam/2022-23 November 12, 2022 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 Fax No. 022-2272-3121/1278/1557/3354
Slide 2: Results Presentation Q2 & H1 FY23
Results Presentation Q2 & H1 FY23 Nov 12, 2022 www.greenlamindustries.com
Slide 3: 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 4: Product Portfolio
Product Portfolio Decorative Laminate & Allied Products Veneer & Allied Products Decorative Mikasa Mikasa Laminates Compact Panels MFC Veneer Floor Door Standard Compact Panels Natural Engineered Lab Guardian Veneer Engineered Wood Door Commodity to Melamine Restroom & Locker Wood Floor and Premium
Slide 5: Un-audited Consolidated Financials Q2 & H1 FY23
Un-audited Consolidated Financials Q2 & H1 FY23 www.greenlamindustries.com
Slide 6: Business Updates
Business Updates ➢ During the quarter, Company successfully raised fresh capital to the extent of Rs. 195 crores on preferential basis by allotting 63,10,680 equity shares of face value Rs. 1 each at a premium of Rs. 308 per share to M/s Smiti Holding and Trading Company Private Limited (100% ultima
Slide 7: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q2 FY23 Q2 FY22 YoY% Q1 FY23 QoQ% H1 FY23 H1 FY22 YoY% Revenue 518.0 454.2 14.1% 470.6 10.1% 988.6 790.3 25.1% Raw Material 287.2 256.5 258.7 545.9 438.4 Gross Profit 230.9 197.7 16.8% 211.9 9.0% 442.7 351.9 25.8% Gross Margin %
Slide 8: Consolidated Financial Performance: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Sept-22 Mar-22 INR Crores Sept-22 Mar-22 Shareholders Fund 893.5 655.1 Non-Current Assets 652.3 527.0 Share Capital 12.7 12.1 Fixed Assets 540.7 473.3 Reserves & Surplus 880.2 642.3 Goodwill 3.5 3.2 Minority 0.5 0.7 Other Non-Current Assets
Slide 9: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q2 FY23 Q2 FY22 YoY% Q1 FY23 QoQ% H1 FY23 H1 FY22 YoY% Net Revenue from 471.3 414.6 13.7% 430.2 9.5% 901.5 724.3 24.5% Operations Gross Profit 213.4 181.7 17.5% 196.7 8.5% 410.2 325.2 26.1% Gross Margin % 45.3% 43.8% 150 bps 45
Slide 10: Laminates & Allied Segment: Capacity and Production
Consolidated Financial Performance Laminates & Allied Segment Particulars Q2 FY23 Q2 FY22 YoY% Q1 FY23 QoQ% H1 FY23 H1 FY22 YoY% Annual Installed Capacity (Mn 19.02 15.62 15.62 19.02 15.62 Sheets) Installed Capacity for the period 4.75 3.91 3.91 8.66 7.81 Production (Mn Sheets) 4.22 4.47 -5.4% 4.29
Slide 11: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q2 FY23 Q2 FY22 YoY% Q1 FY23 QoQ% H1 FY23 H1 FY22 YoY% Net Revenue from Operations 46.8 39.5 18.3% 40.4 15.8% 87.1 66.0 31.9% Gross Profit 17.5 16.0 9.2% 15.1 15.6% 32.6 26.7 22.3% Gross Margin % 37.4% 40.5% (310) bps 37.5% (10)
Slide 12: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q2 FY23 Q2 FY22 YoY% Q1 FY23 QoQ% H1 FY23 H1 FY22 YoY% Annual Installed Capacity (Mn 4.20 4.20 4.20 4.20 4.20 Sqmt) Installed Capacity for the period 1.05 1.05 1.05 2.10 2.10 Production (Mn Sqmt) 0.39 0.34 13.0% 0.27 42.2% 0.66 0.52 2
Slide 13: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Amount in Q2 FY23 Q2 FY22 Q1 FY23 H1 FY23 H1 FY22 INR Crores Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 527.0 93 464.4 93 523.1 101 527.0 97 464.4 107 Debtors 138.7 24 136.6 27 134.0 26 138.7 26 136.6 32 Credit
Slide 14: Debt Position
Consolidated Financial Performance Debt Position is as under Net Debt-Equity Ratio INR Crores H1 FY23 H1 FY22 Q1 FY23 0.27 Long Term Debt 175.5 96.4 176.7 (Including current portion) 140.7 0.08 Short Term Debt 165.3 171.6 Total Debt 340.8 268.0 317.3 H1FY23 H1FY22 Cash & Bank Balance 14.6 16.2 10.1
Slide 15: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex- Projects)* INR Crores Q2 FY23 Q2 FY22 Q1 FY23 H1 FY23 H1 FY22 16.2% 16.0% 15.2% EBIT 43.4 33.6 38.0 81.5 59.4 PAT 29.2 20.7 24.6 53.8 38.0 Q2FY23 Q2FY22 H1FY23 Capital Employed 1250.2 886.4 1,015.1 1250.2 886.4 Capital Employed
Slide 16: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L21016DL2013PLC386045 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Ms. Shikha Puri / Ms. Manasi Bodas Email: ashok.sharma@greenlam.com Shikha.puri@s