Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q2 FY2016 Earnings Presentation
16 slides from Greenlam Industries's earnings presentation, November 2015
Slide 1: Greenlam Industries Ltd Results Presentation – Q2FY16
Greenlam Industries Ltd Transforming Spaces, Enriching Lives. Results Presentation – Q2FY16 November 2015
Slide 2: Disclaimer
Disclaimer 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 se
Slide 3: About Greenlam Industries
About Greenlam Industries Product offerings • Laminate & Allied: Decorative Laminates, Compact Laminates & Melamine Faced Chipboards • Decorative Veneer & Allied: Decorative Veneer, Engineered Wood Flooring & Engineered Doors (Launched in Q2FY16) 3rd Largest Laminate producer in the World and La
Slide 4: Launching Mikasa Doors & Frames
Launching Mikasa Doors & Frames Complete Engineered Door Solutions for the First time in India Total capacity of 1,20,000 units Investment : Rs 27 Crores Integrated with existing decorative veneer and engineered wood flooring, driving better synergy Facility in Behror, Rajasthan Operatio
Slide 5: Performance – Q2 & H1 FY16
Performance – Q2 & H1 FY16 Segmental Revenue Revenue EBIDTA PAT Decorative Veneer & 213 230 29 10.2 Q2FY16 9.2 Allied 24 13% Laminates & Allied 87% Q2FY15 Q2FY16 Q2FY15 Q2FY16 Q2FY15 Q2FY16 Segmental Revenue Revenue EBIDTA PAT Decorative 447 54 17.2 Veneer & H1 FY16 399 47 15.6 Allied 13% Laminates
Slide 6: Highlights – Q2 FY16
Highlights – Q2 FY16 Revenues grew by 8% this quarter, led by good performance in • Domestic Sales with growth of 15% • Decorative veneers with growth of 21% (41% volume growth) backed by new launches Laminate capacity utilisation of 112% Launching of new variant led to enhanced Veneer capacit
Slide 7: Laminates & Allied Products
Laminates & Allied Products Rs. Crores Q2 FY16 Q1 FY16 Q4 FY15 Q3 FY15 FY15 Net Sales of Laminates & Allied Products 199.7 188.7 197.5 192.9 745.2 EBIDTA Margin % 13.0% 11.7% 9.0% 10.9% 10.1% Capital Employed 322.0 337.3 331.8 355.3 331.8 Note: The segments were formed post demerger, hence data for
Slide 8: Laminates & Allied Products
Laminates & Allied Products Production in Mn Sheets Capacity Utilization Annual Capacity of 10.02 Mn Sheets +5.6% 3.2 126% 3.0 121% 2.8 2.8 2.7 113% 112% 106% Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 * * New capacity of 2 mn sheets introduced at the end of Q2 FY16 Sales
Slide 9: Decorative Veneers & Allied Products
Decorative Veneers & Allied Products Rs. Crores Q2 FY16 Q1 FY16 Q4 FY15 Q3 FY15 FY15 Net Sales of Decorative Veneers & Allied 30.4 28.3 33.8 21.85 99.4 Products EBIDTA Margin % 10.9%* 9.7%* 15.2% * 8.6% * 17.5% Capital Employed 174.6 156.1 142.4 130.0 142.4 Note: The segments were formed post demerg
Slide 10: Decorative Veneers
Decorative Veneers Production in Mn Sqmt Capacity Utilization Annual Capacity of 4.2 Mn Sqmt +36.4% 0.40 0.36 38% 35% 0.34 32% 0.26 0.22 25% 20% Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Sales in Mn Sqmt Average Realisation (Rs / Sqmt) -14.1% +41.5% 852 833 885 0.35 0.35
Slide 11: Profit and Loss
Profit and Loss Rs. Crores Q2 FY16 Q2 FY15 YoY H1 FY16 H1 FY15 YoY FY15 Revenue 230.1 212.6 8.2% 447.1 398.6 12.2% 844.6 Raw Material 128.1 131.5 254.6 242.9 511.5 Employee Cost 25.4 20.3 50.3 38.3 78.9 Other Expenses 47.2 37.1 88.0 70.2 161.3 EBITDA 29.3 23.7 23.8% 54.2 47.2 14.8% 92.9 EBITDA Margi
Slide 12: Geographic Segments
Geographic Segments Domestic (Rs Crores) Exports (Rs Crores) +15.1% +13.0% +11.0% -2.0% 145 265 87 182 85 126 234 164 Q2FY15 Q2FY16 H1FY15 H1FY16 Q2FY15 Q2FY16 H1FY15 H1FY16 12
Slide 13: Performance Ratios
Performance Ratios ROCE Net Working Capital Days 14.8% 67 13.2% 63 H1FY15 H1FY16 H1FY15 H1FY16 H1FY15 H1FY16 H1FY15 H1FY16 Revenue 398.6 447.1 Inventory 82 83 EBIT 33.51 40.07 Debtors 52 51 PAT 17.2 15.7 Creditors 67 70 Capital Employed 508.2 540.7 Net Working Capital 67 63 13
Slide 14: Balance Sheet
Balance Sheet Rs. Crores Sep – 15 Mar – 15 Rs. Crores. Sep - 15 Mar - 15 Shareholder’s Fund 242.7 227.1 Non-Current Assets 363.2 346.7 Share capital 12.1 12.1 Fixed assets 338.0 320.6 Reserves & Surplus 230.6 215.0 Non-Current Investments 17.5 17.5 Non-Current Liabilities 190.2 197.7 Other Non-Curre
Slide 15: Way ahead…
Way ahead… Continue the Growth momentum in • Laminate & maximize the utilization of existing capacity • Expanding the distribution network for newer variants of Veneer. Continue expansion of sales & distribution network Enhance the sales & distribution network for Brand “Mikasa” • Engineered W
Slide 16: Thank You
Thank You For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: U21016AS2013PLC011624 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Ms. Ruchi Rudra/ Ms. Neha Shroff Email: ashok.sharma@greenlam.com rruch
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