Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q4 FY2019 Earnings Presentation
20 slides from Greenlam Industries's earnings presentation, May 30, 2019
Slide 1: Exchange filing cover letter: Result Presentation
Green lam/2019-20 May 30,2019 Greenlam Industries Limited The Manager, The Manager, BSE Limited National Stock Exchange of India Ltd. 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. 022-227
Slide 2: Result Presentation Q4 & FY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Result Presentation Q4 & FY19 May 2019
Slide 3: Safe Harbour
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED 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, recommen
Slide 4: Greenlam Today
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED CUSTOMER CENTRIC LARGE PORTFOLIO GREENLAM APPROACH SURFACE DÉCOR PRODUCTS TODAY PASSIONATE FOR TRUSTED FOR • Among World’s Top 3 Laminate producers • Asia’s Largest Laminate brand INNOVATION & TRANSFORMING GREENLAM • India’s Largest Exporter of L
Slide 5: Our Product Portfolio
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Our Product Portfolio Decorative Laminate & Allied products Veneer & Allied Decorative Mikasa Mikasa Laminates Compact Panel MFC Veneer Floor Door Standard Compact Natural Panel Veneer Engineered Commodity to Lab Guardian Melamine Engineered Door
Slide 6: Audited Consolidated Financials
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Audited Consolidated Financials
Slide 7: Key Business Update in FY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Key Business Update in FY19 Capacity Expansion in Laminate Acquired “Decolan SA” Segment • Acquisition of 100% shares of Decolan • To increase manufacturing capacity by SA, (a Switzerland co.) through 1.6 million laminate sheets per annum Greenla
Slide 8: Consolidated Financial Performance – Q4FY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance – Q4FY19 • Consolidated Net Revenue stood at INR 360.2 Crores as compared to INR 311.1 Crores, growth of 15.8%, Laminate revenue grew by 13.8% to INR 302.5 crores in Q4FY19 from INR 265.8 crores in Q4FY18 Do
Slide 9: Consolidated Financial Performance – FY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance –FY19 • Consolidated Net Revenue stood at INR 1280.7 Crores as compared to INR 1144.7 Crores, growth of 11.9%, Laminate revenue grew by 10.2% to INR 1084.5 crores in FY19 from INR 984.3 crores in FY18 Domest
Slide 10: Profit and Loss Statement
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Profit and Loss Statement INR Crores Q4FY19 Q4FY18 YoY% FY19 FY18 YoY% Net Revenue 360.2 311.1 15.8% 1280.7 1144.7 11.9% Raw Material 202.9 167.1 687.8 598.3 Gross Profit 157.3 144.0 9.2% 592.93 546.4 8.5% Gross
Slide 11: Balance Sheet
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Balance Sheet INR Crores Mar-19 Mar-18 INR Crores Mar-19 Mar-18 Shareholder’s Fund 428.4 356.1 Non-Current Assets 380.1 352.9 Share capital 12.1 12.1 Fixed assets 351.4 329.8 Reserves & Surplus 416.3 344.1 Goodw
Slide 12: Laminates & Allied Segment
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Laminates & Allied Segment INR Crores Q4FY19 Q4FY18 YoY% FY19 FY18 YoY% Net Revenue 302.5 265.8 13.8% 1084.5 984.3 10.2% Gross Profit 133.0 119.4 11.4% 504.5 461.3 9.4% Gross Margin % 44.0% 44.9% -90 bps 46.5% 4
Slide 13: Laminates & Allied Segment: Production and Capacity
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Average Realisation (INR / Sales (Mn Sheets) Sheets) Sheet) -0.3% +1.4% +11.1% 3.51 3.40 3.51 3.39 3.70 3.75 770 693 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY
Slide 14: Veneers & Allied Segment
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Veneers & Allied Segment INR Crores Q4FY19 Q4FY18 YoY% FY19 FY18 YoY% Net Revenue 57.7 45.4 27.3% 196.2 160.4 22.3% Gross Profit 24.3 24.7 -1.4% 88.4 85.2 3.8% Gross Margin % 42.1% 54.4% -1230 bps 45.1% 53.1% -8
Slide 15: Decorative Veneers
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) +20.5% +16.4% -4.1% 1.05 1.05 0.45 804 771 0.39 0.38 0.45 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Capacity
Slide 16: Engineered Doors and Floors
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Engineered Doors and Floors Revenue (INR Crores) EBIDTA (INR Crores) Capacity Utilization 13.0 28% -0.5 22% 8.3 8.4 18% 5.9 -1.5 -1.4 14% -2.6 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Floors Doors Floors Doors
Slide 17: Operating Parameters - Net Working Capital Days
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days Q4FY18 Q4FY19 FY18 FY19 +1 79 80 Inventory 75 78 82 88 Debtors 50 45 54 50 Q4FY18 Q4FY19 +4 Creditors 46 42 50 48 86 90 Net Worki
Slide 18: Return Ratios – ROCE & ROE
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores FY17# FY18 FY19 16.8% 18.3% 17.2% EBIT 104.2 114.6 123.2 PAT 49.7 64.6 77.1 FY17 FY18 FY19 Capital Employed 618.5 627.4 718.3 ROE Net Worth 298.1 356.1 428.4 16.7% 18.1
Slide 19: Debt Position
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Debt Position Debt-Equity Ratio INR Crores FY17# FY18 FY19 1.00 0.71 Long Term Debt 0.63 137.5 122.1 110.7 (Including current portion) Short Term Debt 161.0 129.6 159.0 FY17 FY18 FY19 Total Debt 298.5 251.7 269.
Slide 20: For further information, please contact
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED 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. Shrik
Greenlam Industries — Q4 FY2019 Earnings Presentation on 6ix