Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q4 FY2024 Earnings Presentation
37 slides from Greenply Industries's earnings presentation, May 21, 2024
Slide 1: Cover letter to stock exchanges
HAR ZARURAT KA REPLY Greenply/2024-25 May 21, 2024 The Manager The Manager SSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Sandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Sandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 526797 S
Slide 2: Analyst Presentation Q4 & FY 2024
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q4 & FY 2024 22nd May 2024 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply 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 4: Contents
Contents ❖ Key Highlights ❖ Financial & Operating Performance ❖ Corporate Overview ❖ Strategic Initiatives 3
Slide 5: Key results highlights- Consolidated
Key results highlights- Consolidated % Change % Change % Change Particulars Q4 FY24 Q4 FY23 Q3 FY24 Particulars FY24 FY23 Y-o-Y Q-o-Q Y-o-Y Continuing Operaions Continuing Operaions Revenue (Rs Crs) 600 427 40.4% 582 3.0% Revenue (Rs Crs) 2180 1663 31.1% Adj. Core EBITDA* (Rs Crs) 59 48 22.8% 51 17.
Slide 6: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Sandila) % Change % Change Particulars Q4 FY24 Q4 FY23 Q3 FY24 Y-o-Y Q-o-Q Sales Volume (MSM) 18.8 17.0 10.5% 17.8 5.9% Realisation (Rs/MSM) 244 246 -0.8% 252 -3.0% Revenue (Rs Crs) 468 427 9.4% 454 3.1% Adj. Core EBITDA* (
Slide 7: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business MDF Realisation Comparision % Change % Change Particulars Q4 FY24 Q3 FY24 FY 24 Particulars Q4 FY24 Q3 FY24 FY 24 Q-o-Q Q-o-Q MDF Sales Volume (CBM) 45,764 41,928 9% 1,24,772 Sales Volume (CBM) 40,701 38,110 7% 1,15,891 Realisation (Rs/CBM) 28
Slide 8: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 7
Slide 9: Consolidated P&L (Continuing Operations)-Q4 FY24
Consolidated P&L (Continuing Operations)-Q4 FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 40.4% 3.0% 42.0% -0.6% 700 600 250 40.0% 38.6% 50.0% 200 38.1% 40.0% 500 400 150 30.0% 582 600 100 233 231 20.0% 300 163 427 200 50 10.0% 100 0 0.0% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24
Slide 10: Consolidated P&L (Continuing Operations)- FY24
Consolidated P&L (Continuing Operations)- FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 31.1% 37.1% 1000 50.0% 2,500 800 37.9% 39.7% 40.0% 2,000 1,500 600 30.0% 1,000 2,180 400 864 20.0% 1,663 630 500 200 10.0% - 0 0.0% FY23 FY24 FY23 FY24 Adj. Core EBITDA*- Rs. Crores, Margin % PAT - R
Slide 11: Consolidated Ratios (Continuing Operations)
Consolidated Ratios (Continuing Operations) Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 300 264 50 400 348 100 350 100 337 293 250 235 350 300 40 40 300 80 250 80 178 53 250 200 39 37 250 213 46 60 199 30 60 150 200 53 200 43 46 20 150 40 150 40 1
Slide 12: Plywood Business P&L-Q4 FY24
Plywood Business^ (Standalone + Sandila) P&L-Q4 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 9.4% 3.1% 5.3% 500 200 -0.8% 40.0% 400 150 38.0% 38.0% 36.6% 30.0% 300 200 427 454 468 100 20.0% 162 172 171 100 50 10.0% 0 0 0.0% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Adj. Core EBI
Slide 13: Plywood Business Ratios
Plywood Business^ (Standalone + Sandila) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 250 41 300 60 300 49 200 40 250 50 48 200 178 40 43 250 47 48 162 52 54 39 200 40 44 47 200 150 38 46 150 30 150 37 259 266 239 235 45 100 100 100 194 20 4
Slide 14: Plywood Business Operating Metrics Q4 FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics Q4 FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 29% 34% 33% 80% 36% 43% 40% 9% 3% 2% 60% 10% 3% 60% 3% 40% 40% 57% 62% 63% 65% 54% 54% 20% 20% 0% 0% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Manufacturing (Ow
Slide 15: Plywood Business P&L-FY24
Plywood Business^ (Standalone + Sandila) P&L-FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 8.9% 8.3% 740.0 40.0% 2,000.0 700.0 37.8% 37.6% 1,800.0 30.0% 1,600.0 660.0 1,400.0 620.0 20.0% 1,663.4 1,811.8 580.0 680.4 1,200.0 628.2 10.0% 1,000.0 540.0 800.0 500.0 0.0% FY23 FY24 FY23 FY24
Slide 16: Plywood Business Operating Metrics FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 39% 80% 31% 33% 41% 60% 60% 8% 3% 9% 4% 40% 40% 51% 55% 61% 64% 20% 20% 0% 0% FY23 FY24 FY23 FY24 Manufacturing (Own) Manufacturing Partners Trading Manufactur
Slide 17: MDF P&L-Quarterly FY24
MDF P&L-Quarterly FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores 140 70 47% 45% 60% 120 60 55% 50% 100 50 40% 80 40 60 128 131 30% 30 61 59 40 89 49 20% 20 20 10 10% - 0 0% Q2 FY24 Q3 FY24 Q4 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Adj. Core EBITDA*- Rs. Crores, Margin % PAT- Rs. Crores 25 15.0% 4.0 2.4 20
Slide 18: Consolidated Profit & Loss Statement Q4 FY24
Consolidated Profit & Loss Statement Q4 FY24 Corresponding Three Three months Previous Three months ended Year ended Year ended ended months ended Sr. 31.03.2023 in the 31.03.2024 31.03.2023 Particulars 31.03.2024 31.12.2023 No. previous year (Audited) (Audited) (Unaudited) (Audited) (Audited) {Refe
Slide 19: Corporate Overview
CORPORATE OVERVIEW 18
Slide 20: Greenply at a glance
Greenply at a glance 35+ Listed in NSE & Wood based products - One of the largest E-0 Interior Years of experience BSE-Rs. 2,900+ Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap (upcoming
Slide 21: Manufacturing Excellence
Manufacturing Excellence Plywood & allied (Own Capacity Plywood & allied (Domestic Capacity Kriparampur, West Bengal Manufacturing ) Location (Mn SqM pa) Partner) Location (Mn SqM pa) Bareilly, Uttar Pradesh ~10.00 Bamanbore, Gujarat 15.80 Hapur, Uttar Pradesh 7.50 Sandila, Lucknow (U.P.) 13.50 MDF
Slide 22: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 31st March 2024 Shareholding Pattern- 31st March 2024 Shareholding Major Institutional Shareholders % 13.24% Mirae Asset Mutual Fund 9.96 HDFC Mutual Fund 7.66 Tata Mutual Fund 4.87 Bandhan Mutual Fund 2.17 52.00% SBI Contra F
Slide 23: New Products: Interior MDF
New Products INTERIOR MDF APPLICATIONS It can be used for interior purposes such as furniture, Exhibition, Furniture, handcrafts, Moulded and Shaped Parts (traditional furniture). Various other items like Handicraft Items/Toys Cabinets, Wall Cladding, Wall Panelling, False Ceiling, Wardrobes, Booksh
Slide 24: New Products: Exterior MDF
New Products EXTERIOR MDF APPLICATIONS Ideal for use in kitchen and bathrooms as well as for windows, and double glazing in fills shoe heels etc. Greenply's Exterior Grade Range (IS grade I) is the perfect solution for highly humid environments where dimensional stability is non-negotiable. With exc
Slide 25: New Products: HDMR 710 MDF
New Products HDMR 710 MDF APPLICATIONS kitchen cupboards, bathroom vanities, laundry cupboards, shelving, and other places that are prone to moisture. Resisting expansion & contraction brought on by high- humid conditions, Greenply's HDF has a homogeneous structure that ensures uniform strength thro
Slide 26: New Products: Pre-Laminated MDF
New Products PRE - LAMINATED MDF APPLICATIONS With a unique surface finish, these boards come in a wide range of colours, textures, and finishes, making them the first choice of customers. Greenply's pre-laminated MDF boards come in both interior and exterior grades, with the exterior grade designed
Slide 27: New Products: Boil Pro 500 MDF
New Products Boil Pro 500 MDF APPLICATIONS A game-changer that redefines the norms of protection and resilience. Meticulously crafted using HydroFireBloc Technology, a revolutionary blend of hydro-repellent and fire-retardant elements, these fire-retardant as well waterproof MDF boards pack innovati
Slide 28: New Products: CARB P2 MDF
New Products CARB P2 MDF APPLICATIONS A true marvel born from the amalgamation of state-of-the-art technology and a wealth of industry knowledge spanning decades. Developed within Greenply's cutting-edge facility, these pieces of exceptional MDF sheets redefine the very essence of zero-emission mate
Slide 29: Expanding our ESG footprints
Expanding our ESG footprints
Slide 30: Brand Campaign - TV Campaign
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels He Qove pices BIS Ge == La 7 ; ; ¢ : Reach thru TV GA inaiay BR
Slide 31: Brand Campaign - OOH Visibility
Brand Campaign - Driving Brand Saliency ad [ OOH Visibility through High Impact Sites & Innovation — . \ Gus 300+ Sites = 3D Display ge z Anamorphic Display
Slide 32: Brand Campaign - Digital Engagement
Brand Campaign — SM Engagement, Reach & Consideration through Digital go Teaser | Product Communication| Contextual & Moment Communication CREATE YOUR DREAM HOME WITH (@) NO HARMFUL \) cases (@) NO IRRITATING @ sme >) HEALTHY INTERIORS
Slide 33: Hero Zone at Select Outlets and In-shop Communication
Hero Zone at Select Outlets — 30+ | In-shop Comm —1200+ outlets | Brand Campaign | Launch Event — 120+ dealer Engaged
Slide 34: New Category — Boil Pro Launch Elements
New Category — Boil Pro 500 Launch Elements With HYDROFIREBLOC TEC Fire Proof Water Proof Future Proof @ we wvongeRgptoc EWP GRADE PRODQ NEO TECH OF Sreeply S Cinisiasices | ’ ) — aByears eS em 18mm, & FIRERETARDANT BWPGRADE 25YEARS
Slide 35: Awards & Recognition
Awards & Recognition Great Place to Work-Three times in a India’s Most trusted Brand- Economic Times Sustainable Best Green Manufacturing row (2020, 2021, 2022) 2022 Organisations Award - Company- 2022 2023 34
Slide 36: Strategic Initiatives
Strategic Initiatives Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Product portfolio manufacturing expansion base at diversified locations Strategic Initiatives 35 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 37: Thank You!
For further information, please contact: Registered Office: Makum Road, P.O. Tinsukia, Assam - 786 125 Corporate Office: “Madgul Lounge”, 5th & 6th Floor 23 Chetla Central Road Kolkata - 700 027, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.co
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