Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q3 FY2024 Earnings Presentation
20 slides from Greenpanel Industries's earnings presentation, Jan 31, 2024
Slide 1: Exchange filing cover letter for results presentation
GPIL/2023-2024 January 31, 2024 BSE Limited Na onal Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street Plot no. C/1, G Block Mumbai – 400001 Bandra – Kurla Complex , Bandra (E), Scrip Code: 542857 Mumbai – 400051 Symbol: GREENPANEL Dear Sirs, Sub: Prese
Slide 2: Greenpanel Industries Limited - Financial Performance Q3 & 9M FY2024
Greenpanel Industries Limited India’s largest manufacturer of wood panels Financial Performance Q3 & 9M FY2024
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 Domestic volumes rose by 4% while export volumes fell by 15%, overall MDF volumes were flat at 118301 cbm. MDF EBITDA Margins at 19.6% were impacted by: a) Increase in brand spends @ 2.2% of sales compared to 1% in corresponding quarter b) Higher wood prices c) Increase i
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF domestic sales volumes rose by 4% “Working capital investment increased by 2 YoY, export volumes were lower by 15% and days YoY to 25 days as on 31st December overall MDF volumes were flat at 118301. 2023.” MDF EBITDA at 19.6% were impacted by a) Increase in brand spends
Slide 8: Financial Highlights Q3 FY2024 v/s Q3 FY2023
Financial Highlights v Q3 FY2024 v/s Q3 FY2023 Key Ratios (%) Q3 FY2024 Q3 FY2023 Gross Margin 56.1 58.2 EBITDA Margin 17.3 23.0 EBIT Margin 12.6 18.7 Net Margin 9.0 9.0 Sales Promotion / Net Sales 2.2 1.0 Employee Expenses / Net Sales 8.7 8.4 Logistics Costs / Net Sales 5.4 5.1 EPS (₹) 2.82 3.06 7
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q3 FY2024 Q3 FY2023 Growth Net Sales (₹ Crores) 346.62 361.57 -4.1% EBITDA Margin 19.6% 25.6% EBIT Margin 14.7% 20.8% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 1,31,019 1,25,188 4.7% Sales Volume (CBM) 1,18,301 1,18,218 0.1% Capacity Uti
Slide 10: Segment Performance - MDF (9M)
Segment Performance - MDF (9M) Particulars 9M FY2024 9M FY2023 Growth Net Sales (₹ Crores) 1041.31 1148.57 -9.3% EBITDA Margin 20.1% 29.1% EBIT Margin 15.1% 24.6% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 3,71,172 3,81,040 -2.6% Sales Volume (CBM) 3,57,714 3,69,479 -3.2% Capacity Util
Slide 11: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q3 FY2024 Q3 FY2023 Growth Net Sales (₹ Crores) 38.37 57.53 -33.3% EBITDA Margin -4.1% 7.0% EBIT Margin -6.5% 5.2% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 1.63 1.73 -5.8% Sales Volume (Mn Sqm) 1.54 1.99 -22.6% Capacity Utilisation
Slide 12: Segment Performance - Plywood (9M)
Segment Performance - Plywood (9M) Particulars 9M FY2024 9M FY2023 Growth Net Sales (₹ Crores) 126.54 189.41 -33.2% EBITDA Margin 1.4% 8.8% EBIT Margin -0.8% 7.1% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 4.48 5.87 -23.7% Sales Volume (Mn Sqm) 4.76 6.55 -27.3% Capacity Utilisation 57%
Slide 13: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q3 FY2024 Q3 FY2023 Inventory 46 38 Receivables 5 7 Payables 26 22 Net Working Capital 25 23 12
Slide 14: Greenpanel - Net Debt Zero - Q3 FY2024
Greenpanel - Net Debt Zero – Q3 FY2024 Particulars (₹ Crores) Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Gross Borrowings 84.54 131.16 160.37 190.43 194.83 (excluding expansion project) Bank Balances 260.72 309.99 325.31 377.73 339.50 Net Borrowings (176.18) (178.83) (164.94) (187.30) (144.67) 13
Slide 15: 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 16: Greenpanel Brand Positioning & Trademarks
Greenpanel Brand Positioning & Trademarks Registered Trademark: Trademark: Clearly Established Brand Positioning India’s Largest MDF Ka Doosra Naam India’s No. 1 MDF Company Wood Panel Manufacturer
Slide 17: TV Campaign: 12000 Spots Executed & OTT Campaign
TV Campaign: 12000 Spots Executed & OTT Campaign: 56Mn+ Impressions MKDN 2.0 TV Campaign (Earthquake TVC) Hotstar Campaign During Cricket World Cup (OTT) Total Impressions: 56 Mn+ 12000 Spots 300+ GRP’s
Slide 18: Greenpanel New TVC - Gets Rave Reviews
Greenpanel New TVC - Gets Rave Reviews! 25+ PR Articles Featured by Good Ads Matter Selected as Super 7 Ads (Global Ad Monitoring Platform) by Best Media Info Good Ads Matter Best Media Info
Slide 19: Consumer Touchpoints
4500+ Counters 2700+ Covered in Branding HDWR Installed Campaign 6000+ Table Mats 12000+ 3400+ Flanges Distributed Consumer Touchpoints Installed Through BTL Campaigns 11000+ 150000+ Carpenter Sq. Ft. Database Wall Painting (546 Meets) Installed
Slide 20: 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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