Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY20 Earnings Presentation
20 slides from Greenlam Industries's earnings presentation, Jan 30, 2020
Slide 1: Greenlam Industries Limited – Result Presentation cover letter
® Greenlam/2019-20 January 30, 2020 Greenlam Industries Limited The Manager, The Manager, BSE limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Sandra Kurla Complex, Floor 25, P.J.Towers, Dalal Street Sandra (E) Mumbai - 400 001 Mumbai - 400 051 Fax No. 0
Slide 2: Result Presentation Q3 & 9M FY20
Result Presentation Q3 & 9M FY20 January 30th, 2020
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: A belief driven by our values to thrive improvement across business segments
Its a belief driven by our values to thrive improvement across business segments 3
Slide 5: Our 'bettering' culture is visible in..
Our ‘bettering’ culture is visible in.. Marketing Product Service Solutions Manufacturing Network Infrastructure People Financials 4
Slide 6: 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 7: Unaudited Consolidated Financials
Unaudited Consolidated Financials
Slide 8: Consolidated Financial Performance – Q3FY20
Consolidated Financial Performance –Q3FY20 • Consolidated Net Revenue for the quarter grew by 14.0% at INR 358 Crores as compared to INR 314 Crores in Q3FY19 Laminate revenue grew by 13.2% to INR 297.0 crores in Q3FY20 from INR 262.4 crores in Q3FY19 Domestic laminate revenue grew by 2.0% in val
Slide 9: Consolidated Financial Performance – 9MFY20
Consolidated Financial Performance –9MFY20 • Consolidated Net Revenue for 9MFY20 grew by 8.3% at INR 997 Crores as compared to INR 921 Crores in 9MFY19 Laminate revenue grew by 7.2% to INR 838.6 crores in 9MFY20 from INR 782.1 crores in 9MFY19 Domestic laminate revenue grew by 3.9% in value term
Slide 10: Proposed New Capacity - Laminate Sheets
Proposed New Capacity - Laminate Sheets Proposed Facility under Greenlam South Limited Existing Facility under Greenlam Industries Limited Greenfield Expansion Additional capacity of 1.6 Mn sheets commissioned in Sep’19 Our wholly owned subsidiary, Greenlam South Limited (GSL), has approved to set u
Slide 11: Consolidated Financial Performance – Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q3FY20 Q3FY19 YoY% 9MFY20 9MFY19 YoY% Net Revenue 358.0 314.0 14.0% 996.6 920.5 8.3% Raw Material 178.1 162.2 509.0 484.9 Gross Profit 179.9 151.8 18.6% 487.6 435.6 11.9% Gross Margin % 50.3% 48.3% 200 bps 48.9% 47.3% 160 bps Em
Slide 12: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3FY20 Q3FY19 YoY% 9MFY20 9MFY19 YoY% Net Revenue 297.0 262.4 13.2% 838.6 782.1 7.2% Gross Profit 155.9 128.3 21.5% 419.2 371.5 12.8% Gross Margin % 52.5% 48.9% 360 bps 50.0% 47.5% 250 bps EBIDTA 54.7 35.3 54.9% 131.1 104.8 25.
Slide 13: Laminates & Allied Segment – Production, Sales, Realisation
Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Average Realisation (INR / Sales (Mn Sheets) Sheets) Sheet) +4.8% +7.8% +4.9% 3.91 3.74 3.28 3.54 799 3.51 3.57 761 Q3FY19 Q3FY20* Q3FY19 Q3FY20 Q3FY19 Q3FY20 Capacity Production +2.1% 0.0% +5.7% 10.5210.30 11.
Slide 14: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q3FY20 Q3FY19 YoY% 9MFY20 9MFY19 YoY% Net Revenue 61.0 51.5 18.4% 158.0 138.4 14.1% Gross Profit 24.0 23.4 2.5% 68.4 64.1 6.8% Gross Margin % 39.4% 45.5% (610) Bps 43.3% 46.3% (300) Bps EBIDTA 0.0 5.7 - 1.9 9.3 (79.6)% EBIDTA Mar
Slide 15: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) -6.8% +1.3% -7.0% 1.05 1.05 0.50 709 719 0.46 0.49 0.46 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Capacity Production -8.2% +0.6% -7.6% 3.15 3.15 1.31 719 724 1.21
Slide 16: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors and Doors Revenue (INR Crores) EBIDTA (INR Crores) Capacity Utilization 0.6 15.5 36% 12.0 -0.9 9.1 -1.3 23% 23% 7.0 12% -3.7 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Floors Doors Floors Doors Floors Doors 41.9 29% 30.0 -2.0 -2.2 23% 27.2 1
Slide 17: Operating Parameters - Net Working Capital (Days)
Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days 9MFY19 9MFY20 FY19 Inventory 100 103 88 92 92 90 Debtors 48 44 50 9MFY19 9MFY20 FY19 Creditors 55 54 48 Net Working Capital 92 92 90 16
Slide 18: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores 9MFY19 9MFY20 FY19 16.8% 17.2% 17.2% EBIT 87.6 96.8 123.2 PAT 53.4 65.0 77.1 9MFY19* 9MFY20* FY19 Capital Employed 696.9 748.5 718.3 ROE 17.6% 17.8% 18.0% Net Worth 404.6 487.4 428.4 ROCE 16.8% 17.2% 17.2% 9MFY19* 9MFY20*
Slide 19: Debt Position
Consolidated Financial Performance Debt Position Debt-Equity Ratio INR Crores 9MFY19 9MFY20 FY19 0.68 0.63 0.50 Long Term Debt 89.9 95.0 110.7 (Including current portion) Short Term Debt 183.6 149.9 159.0 9MFY19 9MFY20 FY19 Total Debt 273.5 244.9 269.7 Debt-EBIDTA Ratio Net Worth 404.6 487.4 428.4 1
Slide 20: For further information, please contact:
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 / Ms. Ami Parekh Email: ashok.sharma@greenlam.com shogun.jain@sga