Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q4 FY2023 Earnings Presentation
17 slides from Greenpanel Industries's earnings presentation, May 6, 2023
Slide 1: Exchange cover letter for results presentation
GPIL/2023-2024 May 6, 2023 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-400001 Mumbai - 400051 Scrip Code: 542857 Symbol - GREENPANEL Dear Sir
Slide 2: Financial Performance Q4 & 12M FY 2023
Greenpanel Industries Limited Financial Performance Q4 & 12M FY 2023
Slide 3: Disclaimer
v Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Index
Index Contents Page Greenpanel’s snapshot 4 Overview by MD & CEO 5 Our Financial Performance 7 3
Slide 5: Greenpanel's snapshot
Greenpanel’s snapshot v Brand vision: We envision About us: Greenpanel is a Management: Greenpanel is led to maintain our Leadership prominent wood panel by Mr. Shiv Prakash Mittal, Position in the Panel player in India with a Executive Chairman, and Mr. Industry and supply best national leadership
Slide 6: Overview by MD & CEO
Overview by MD & CEO v “MDF Export Volumes rose by 89% while domestic volumes fell by 7%, overall MDF volumes grew by 10%. MDF EBITDA Margins at 22% were impacted by a) higher export volumes, b) steep increase in raw material cost c) higher brand spends d) price cuts taken in exports We maintained w
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF sales volumes rose by 10% YoY, export volumes were up by 89% while domestic “Working capital investment reduced by 6 volumes fell by 7%. MDF EBITDA Margins at days QoQ and increased by 1 day YoY to 17 21.9% were impacted by days as on 31st March 2023.” a) higher export vo
Slide 8: Financial Highlights Q4 FY2023 v/s Q4 FY2022
Financial Highlights v Q4 FY2023 v/s Q4 FY2022 Key Ratios (%) Q4 FY2023 Q4 FY2022 Gross Margin 53.7 60.3 EBITDA Margin 19.2 30.5 EBIT Margin 15.3 29.9 Net Margin 15.6 17.5 Sales Promotion / Net Sales 2.2 1.3 Employee Expenses / Net Sales 7.2 7.7 Logistics Costs / Net Sales 4.7 4.8 EPS (₹) 5.62 6.57
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q4 FY2023 Q4 FY2022 Growth Net Sales (₹ Crores) 386.02 389.81 -1.0% EBITDA Margin 21.9% 34.6% EBIT Margin 17.7% 30.2% Annual Capacity (CBM) 6,60,000 5,63,000 Production (CBM) 1,31,694 1,22,718 7.3% Sales Volume (CBM) 1,37,265 1,24,538 10.2% Capacity Ut
Slide 10: Segment Performance - MDF (Annual)
Segment Performance - MDF (Annual) Particulars 12M FY2023 12M FY2022 Growth Net Sales (₹ Crores) 1,534.58 1,329.80 15.4% EBITDA Margin 27.3% 30.9% EBIT Margin 22.9% 25.8% Annual Capacity (CBM) 6,60,000 5,63,000 Production (CBM) 5,12,733 4,89,335 4.8% Sales Volume (CBM) 5,06,743 4,95,041 2.4% Capacit
Slide 11: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q4 FY2023 Q4 FY2022 Growth Net Sales (₹ Crores) 54.56 70.46 -22.6% EBITDA Margin 0.4% 9.2% EBIT Margin -1.2% 7.7% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 1.84 2.12 -13.2% Sales Volume (Mn Sqm) 2.04 2.46 -17.1% Capacity Utilisation
Slide 12: Segment Performance - Plywood (Annual)
Segment Performance - Plywood (Annual) Particulars 12M FY2023 12M FY2022 Growth Net Sales (₹ Crores) 243.97 255.94 -4.7% EBITDA Margin 6.9% 11.0% EBIT Margin 5.3% 9.0% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 7.72 8.48 -9.0% Sales Volume (Mn Sqm) 8.58 9.30 -7.7% Capacity Utilisation
Slide 13: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q4 FY2023 Q4 FY2022 Inventory 31 38 Receivables 9 10 Payables 23 32 Net Working Capital 17 16 12
Slide 14: Greenpanel - Net Debt Zero - FY23
Greenpanel - Net Debt Zero - FY23 Particulars (₹ Crores) Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Gross Borrowings 190.43 194.83 201.65 208.21 282.65 Bank Balances 377.73 339.50 260.38 225.44 222.42 Net Borrowings (187.30) (144.67) (58.73) (17.23) 60.23 13
Slide 15: Greenpanel sponsors IPL 2023 Delhi Capitals
v Greenpanel sponsors IPL 2023 Delhi Capitals 14
Slide 16: Our widened distribution network
Our widened distribution network 2,300+ Number of dealers as on 31st March 2023 12,000+ Number of retailers as on 31st March 2023 17 Branches pan-India Name of physical branches West & Central: Mumbai, Pune, Indore, Ahmedabad South: Bangalore, Hyderabad, Kochi, Coimbatore, Chennai, Vijayawada North:
Slide 17: Thank you
Mr. Vishwanathan Venkatramani Chief Financial Officer Greenpanel Industries Limited Corporate Office: Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700 026 Contact: (+91) 97484 00606 / (+91) 033 4084 0600 Thank you Email: v.venkat@greenpanel.com Website: www.greenpanel.com Mr. Gavin D
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