Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY23 Earnings Presentation
18 slides from Greenlam Industries's earnings presentation, Feb 2, 2023
Slide 1: Cover letter to stock exchanges: Result Presentation
Greenlam/2022-23 February 02, 2023 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 Q3 & 9M FY23
Results Presentation Q3 & 9M FY23 Feb 2, 2023 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: Business Update
Business Update www.greenlamindustries.com
Slide 6: Business Updates
Business Updates ➢ During the quarter, we launched a TVC campaign “Kuch Mera, Kuch Tumhara” . This TVC was released PAN India in 7 languages having presence in all leading channels (Hindi+ English+ Regional Channels). The campaign had a special focus regional news with 24+ regional channels in the p
Slide 7: Business Updates
Business Updates ➢ We also expanded our retail experience by launching our Experience Centre in Ahmedabad, Gujarat. This is our second experience centre, first one being in Kolkata, West Bengal. ➢ Located in the heart of the city, our experience centre provides a revolutionizing retail experience by
Slide 8: Un-audited Consolidated Financials Q3 & 9M FY23
Un-audited Consolidated Financials Q3 & 9M FY23 www.greenlamindustries.com
Slide 9: Consolidated Financial Performance for Q3FY23
Consolidated Financial Performance for Q3FY23 ➢ Our Prantij plant which started production in Aug 2022, continued to be under upgradation and the entire facility with enhanced capacity of 5.4 million sheets is likely to operationalized by March 2023. ➢ Our plywood project in Tindivanam, Tamil Nadu i
Slide 10: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9M FY23 9M FY22 YoY% Revenue 503.5 449.7 12.0% 518.0 -2.8% 1,492.1 1,240.0 20.3% Raw Material 260.2 250.4 287.2 806.1 688.8 Gross Profit 243.3 199.3 22.1% 230.9 5.4% 686.1 551.2 24.5% Gross Marg
Slide 11: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9M FY23 9M FY22 YoY% Net Revenue from 459.1 408.1 12.5% 471.3 -2.6% 1,360.7 1,132.4 20.2% Operations Gross Profit 224.4 183.2 22.5% 213.4 5.1% 634.5 508.4 24.8% Gross Margin % 48.9% 44.9% 400 b
Slide 12: Laminates & Allied Segment operating data
Consolidated Financial Performance Laminates & Allied Segment Particulars Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9M FY23 9M FY22 YoY% Annual Installed Capacity (Mn 19.02 15.62 19.02 19.02 15.62 Sheets) Production (Mn Sheets) 4.34 3.88 11.7% 4.22 2.7% 12.85 12.63 1.7% Sales (Mn Sheets) 4.26 3.98 7.1% 4.26
Slide 13: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9M FY23 9M FY22 YoY% Net Revenue from Operations 44.4 41.6 6.5% 46.8 -5.1% 131.5 107.7 22.1% Gross Profit 19.0 16.1 17.5% 17.5 8.5% 51.6 42.8 20.4% Gross Margin % 42.8% 38.8% 400 bps 37.4% 540 bp
Slide 14: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q3 FY23 Q3 FY22 YoY% Q2 FY23 QoQ% 9M FY23 9M FY22 YoY% Annual Installed Capacity (Mn 4.20 4.20 4.20 4.20 4.20 Sqmt) Production (Mn Sqmt) 0.27 0.30 -10.8% 0.39 -30.1% 0.93 0.82 13.6% Sales (Mn Sqmt) 0.23 0.30 -22.2% 0.40 -40.7% 0.92 0.
Slide 15: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Amount in Q3 FY23 Q3 FY22 Q2 FY23 9M FY23 9M FY22 INR Crores Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 513.3 93 486.4 99 527.0 93 513.3 95 486.4 108 Debtors 131.9 24 127.9 26 138.7 25 131.9 24 127.9 28 Credito
Slide 16: Debt Position
Consolidated Financial Performance Debt Position is as under INR Crores 9M FY23 9M FY22 H1 FY23 Net Debt-Equity Ratio Long Term Debt * 0.28 272.2 90.2 175.5 (Including current portion) 165.3 0.16 Short Term Debt 143.7 169.4 Total Debt 415.9 259.6 340.8 Cash & Bank Balance 27.0 15.0 14.6 9MFY23 9MFY2
Slide 17: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex- Projects)* INR Crores Q3 FY23 Q3FY22 Q2 FY23 9M 9MFY22 19.2% FY23 16.5% 15.6% EBIT 44.5 40.0 43.4 126.0 99.5 PAT 28.2 26.9 29.2 81.9 64.9 Q3FY23 Q3FY22 9MFY23 Capital Employed 1,355.2 905.4 1,250.2 1,355.2 905.4 Capital Employed
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: L21016DL2013PLC386045 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Ms. Shikha Puri / Ms. Manasi Bodas Email: ashok.sharma@greenlam.com Shikha.puri@s