Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Investor Presentation (May 2022)
38 slides from Greenply Industries's investor presentation, May 31, 2022
Slide 1: Exchange submission letter for investor presentation
Greenply/2022-23 May 31, 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 Scrip Code: 526797 Symbol - GREENPLY Dear
Slide 2: Greenply Industries Limited Investor Presentation May 2022
Greenply Industries Limited INVESTOR PRESENTATION May 2022 1
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Contents
Contents ❖ Industry Overview ❖ About Greenply ❖ Financial Highlights ❖ Marketing Activities ❖ HR & IT Initiatives ❖ ESG & CSR Initiatives 3
Slide 5: Industry Overview
INDUSTRY OVERVIEW 4
Slide 6: Indian Furniture Industry Outlook
Indian Furniture Industry Outlook The Global Furniture Industry (in Bn USD) Top 10 furniture exporting countries Growing Indian Furniture Market (in Bn USD) 900 50% 38 785 39% 40 800 40% 35 700 CAGR 5% 30% 30 CAGR 13% 600 546 20% 25 500 12% 20 18 400 10% 5% 4% 4% 3% 2% 2% 2% 2% 300 15 200 0% 10 100
Slide 7: Indian Wood Panel Industry
Indian Wood Panel Industry Overview Indian Plywood Industry Market Size ~ Rs. 39000 Crores Commodity to brand Product Centric Experience Service Brand Plywood 1)-Better Price 42% Commodity 2)-Customer Others 25% 1)-Higher Price engagement ~Rs. 22500 Organised 58% 2)-Better Margin 3)-Higher CLV 1)-Lo
Slide 8: Indian MDF Industry Overview
Indian MDF Industry Overview Indian MDF Industry Size (in CBM mn p.a.) 3.5 3.0 2.9 Products Categories 2.6 2.5 2.3 2.0 ❖ High Density Fibreboard (HDF) ❖ Fire resistance (FR) Grade 2.0 1.7 1.4 1.4 ❖ High Density High Moisture Resistance (HDHMR) ❖ Interior 1.5 ❖ Exterior ❖ Boiled Water Resistant (BWR)
Slide 9: About Greenply
ABOUT GREENPLY 8
Slide 10: Greenply at a glance
Greenply at a glance Listed in NSE & One of the largest 35+ Wood based products - E-0 BSE-Rs. 2200+ Interior Years of experience Plywood and allied, India’s first Zero crores infrastructure in delivering quality Face Veneer, MDF Emission plywood Market Cap brands in India plywood products (upcoming)
Slide 11: Energised For The Future
Energised For The Future Our Vision Our Mission Our Value Drivers Transform every house • Ensure on-time delivery of • Nurturing a growth-oriented into a home high-quality products environment where passionate and skilled • Create a cordial problem-solvers can unleash atmosphere within the their pot
Slide 12: Milestones
Milestones Face Veneer Foray into MDF Demerger of Plant with Segment and MDF Business Transformed Launch of capacity of FSC® and into public greenply Acquisition of Commenced 36,000 CBM Certification Setting up of Pantnagar limited brand two plywood production of has awarded for 1st plywood Plywood
Slide 13: Product Portfolio
Product Portfolio PLYWOOD, BLOCKBOARD & ALLIED PRODUCTS FLUSH DECORATIV PVC MEDIUM E VENEER PRODUCTS DOORS DENSITY FIBRE BOARD Maintaining brand leadership over decades 12
Slide 14: Manufacturing Excellence
Manufacturing Excellence Plywood & allied Capacity Domestic Partner (Plywood & Capacity (Mn SqM pa) Kriparampur, West Bengal allied) (Mn SqM pa) Kriparampur, West 11.00 Bareilly, Uttar Pradesh ~10.00 Bengal Hapur, Uttar Pradesh (Upcoming) 7.50 Tizit, Nagaland 8.10 Upcoming Plywood Capacity Bamanbore
Slide 15: Upcoming projects
Upcoming projects MDF Project Details Plywood Project Details Product Medium Density Fiber Board (MDF)-Exterior, Product Plywood and allied products Interior, HDHMR, BWR Sub- categories of Products Thin & thick, pre-lam and other value-added Location Sandila Industrial Area in Hardoi, Uttar Pradesh.
Slide 16: Dealer network
Dealer network Presence in Cities 1147 913 241 536 196 559 184 198 906 · Our Pan India Presence · ···· ·· · 715 340 375 ··· · ··· · · FY19 FY20 FY21 FY22 Rural & Semi Urban Urban ·· ·· · ·· · · ·· · ······ No. of Dealers ··· 2300 2357 1811 1884 1269 1429 ··· · · 1293 1329 ··· 55 Branch Offices 518 5
Slide 17: Core Competence-Our business moat
Core Competence-Our business moat Differentiated & Leadership Presence Eco-Friendly Products (Rich experience of (Pioneer in India to launch management along E-0 grade plywood.) with brand image) Our Business Moat Largest sales network (2300+ distributors) Signifying our ability to win, curate and e
Slide 18: Group Companies
Group Companies Greenply Industries Limited (Greenply) [India] Greenply Holdings Greenply Middle East Baahu Panels Pvt. Ltd. Greenply Sandila Pvt. Ltd. Pte. Ltd. (WOS of Greenply) Limited (GMEL) (WOS of (WOS of Greenply) (WOS of Greenply) Greenply) [Singapore] [India] [India] [Dubai] Greenply Alkema
Slide 19: Financial Highlights
FINANCIAL HIGHLIGHTS 18
Slide 20: Financials-Consolidated
Financials-Consolidated Revenue-Rs Crores Adj. Core EBITDA*-Rs Crores, Margin % PAT-Rs Crores, Margin % 180.0 155.6 16.0% 100.0 94.7 7.0% 1,562.8 162.3 1,412.2 1,420.4 160.0 144.0 79.7 6.0% 140.0 80.0 5.6% 60.9 6.1% 1,165.3 117.2 12.0% 5.0% 120.0 12.4% 13.4% 5.2% 60.0 47.3 4.0% 100.0 10.1% 10.4%8.0%
Slide 21: Ratios Analysis-Consolidated
Ratios Analysis-Consolidated Net Working Capital (Days) Inventory (Days) Receivables (Days) 56 92 78 53 46 79 63 44 53 61 46 44 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 Payables (Days) ROCE & ROE 64 25.0% 60 60 19.4% 20.0% 18.8% 51 15.0% 13.2% 15.4% 15.0% 13.3% 11.9% 13.1% 10.0% 5
Slide 22: Operating Metrics- Standalone
Operating Metrics- Standalone Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 38% 35% 80% 29% 27% 2% 9% 60% 3% 11% 60% 40% 40% 69% 59% 54% 64% 20% 20% 0% 0% FY21 FY22 FY21 FY22 Manufacturing (Own) Manufacturing Partners Trading Manufacturing (Own) Manufacturing Partners
Slide 23: GMEL Financials-Consolidated
GMEL Financials-Consolidated Revenue-Rs Crores Adj. Core EBITDA*-Rs Crores, Margin % PAT-Rs Crores, Margin % 24.0% 10.2% -2.4% 200.0 185.9 25.0 14.0% 5.4 3.6% 19.7 21.7 6.0 5.3 4.0% 150.0 13.1% 11.7% 12.0% 150.0 20.0 10.0% 4.0 2.8% 3.0% 15.0 8.0% 100.0 2.0% 10.0 6.0% 2.0 50.0 4.0% 1.0% 5.0 2.0% 0.0
Slide 24: Strategic Outlook
Strategic Outlook Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Rural manufacturing penetration base at diversified locations Strategic Outlook Adopting a multi-pronged approach to leverage the emerging opportunity in the new normal
Slide 25: Board Composition
Board Composition Mr. Manoj Tulsian Mr. Sanidhya Mittal Joint Managing Director & Joint Managing Director Chief Executive Officer • Focused on manufacturing • Highly regarded for his out of box process and the technical solutions. features of products • CEO of the Year at Asian HR Leadership 2021 •
Slide 26: Marketing Activities
» ARKETING oar ACTIVITIES Ne gf yy ba
Slide 27: Branding & Marketing Initiatives
Branding & Marketing Initiatives Greenply joins hands with Lucknow Super Giants Cheer Anthem Launch on Digital Greenply joins hands with the first ever franchise Lucknow Super Giants from Uttar Pradesh, as Associate Sponsor Partner. 2.4 Mn reach 2.1 Mn Impression 26
Slide 28: Branding & Marketing Initiatives
Branding & Marketing Initiatives 1 million celebration The E-0 campaign got relaunched and taken to newer heights across touchpoints Reached 1 million homes that became the nucleus of the campaign in 2022 The 360-degree campaign entailed a mass media outreach via TV, Radio, OOH and digital media Med
Slide 29: Branding & Marketing Initiatives
Branding & Marketing Initiatives 6 High Passenger Traffic Airports, 3 Mn New “ACE” Dealer ACE TV Campaigns Build TOM Awareness for Mother Outdoor campaigns brand and E0 Value Proposition 12 High Visibility Sites in 2 Cities Reach Club Program Launch monthly reach & visibility Contractor Shop Meets T
Slide 30: Marketing Activities
Marketing Activities Influencer Marketing Digital campaigns Gifting Presence across social media platforms 2,97,497 Scan & Watch Scan & Watch 14,000 Independence Day Campaign AID (Architect & Interior w Designers) 9,466 Gift Distribution 13,500 6,920 Scan & Watch Scan & Watch Samriddhi Festive Bonan
Slide 31: HR & IT Initiatives
. ‘a HR & IT INITIATIVES Ne Wet 9
Slide 32: HR Initiatives
HR Initiatives Asian HR Leadership Awards- July 2021 ESOP- Sharing profits with employees ‘COVID Kavach’ policy cover-COVID cover during pandemic Our manufacturing operations has been recognised among: SAMPARK-– ‘India’s Best Workplaces in Manufacturing 2021’ – Top 30. CEO of the Year Dream company
Slide 33: Building Strong IT Capabilities
Building Strong IT Capabilities E- Payments /Invoice Managm Speed enet Digitize bandwidt Procure & h Pay Digital implementing Infrastructure Digital SAP S4 Hana Ecosystem Ecosystem Gap Checks & Assessm Balances ent Digitizing internal Induce an IT Operations cultural change Product Bar End to end Co
Slide 34: ESG & CSR Initiatives
ESG & CSR Initiatives 33
Slide 35: ESG Approach
ESG Approach ESG Approach RESPONSIBLE BUSINESS Sustainability is no more an option but an imperative for the Industry. Corporate Governance |Market Take as little from nature as possible and give back more. Presence | Economic Performance A Two-fold principle RESPONSIBLE EMPLOYEMENT Health and Safet
Slide 36: Environment
Environment Our Approach Towards Forest Management ▪ Promote Massive Plantations on marginal and degraded lands. ▪ Establish demonstration plots and interaction with local inhabitants ▪ Demonstrate improved forestry techniques to achieve higher productivity ▪ Conserve natural resources and reduce pr
Slide 37: CSR Approach
CSR Approach Taking appropriate steps to ensure development among communities, we strive to uplift society through various programs. This can be seen through our attempts to provide education, foster talents, and many such initiatives. Drishti, Eye check-up camp in progress Mobile health check-up at
Slide 38: Thank You!
For further information, please contact: Gautam Jain – AVP, Strategy & Investor Relations Tel: +91 33 3051 5000 / +91 9987899747 Email : gautam.jain@greenply.com Registered Office: Makum Road, P.O. Tinsukia, Assam - 786 125 Corporate Office: Mumbai Office: “Madgul Lounge”, 5th & 6th Floor” D-1401 &
Greenply Industries — Investor Presentation (May 2022) on 6ix