Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q1 FY2024 Earnings Presentation
15 slides from Greenpanel Industries's earnings presentation, Jul 28, 2023
Slide 1: Cover letter to stock exchanges on Q1 results presentation
GPIL/2023-2024 July 28, 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 S
Slide 2: Greenpanel Industries Limited Financial Performance Q1 FY24
Greenpanel Industries Limited Financial Performance Q1 FY 2024
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 Slide Greenpanel’s snapshot 4 Overview by MD & CEO 5 Our Financial Performance 7 - 11 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 gross margins improved over the sequential quarter. MDF Volumes were lower during the quarter due to maintenance shutdown of Rudrapur plant for 19 days during April. We have taken corrective measures to increase volumes in future quarters. MDF EBITDA Margins at 20% were i
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF gross margins improved over the “Working capital investment increased by 10 sequential quarter. Sales Volumes were lower days QoQ due to increase in wood inventories during the quarter due to maintenance to prepare for the monsoon season.” shutdown of Rudrapur plant for 1
Slide 8: Financial Highlights Q1 FY2024 v/s Q1 FY2023
Financial Highlights v Q1 FY2024 v/s Q1 FY2023 Key Ratios (%) Q1 FY2024 Q1 FY2023 Gross Margin 58.1 61.6 EBITDA Margin 18.7 30.0 EBIT Margin 14.0 26.1 Net Margin 9.7 16.8 Sales Promotion / Net Sales 3.9 1.3 Employee Expenses / Net Sales 8.6 7.9 Logistics Costs / Net Sales 5.5 4.6 EPS (₹) 3.04 6.33 7
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q1 FY2024 Q1 FY2023 Growth Net Sales (₹ Crores) 340.17 391.9 -13.2% EBITDA Margin 20.4% 33.3% EBIT Margin 15.4% 29.3% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 1,21,393 1,33,224 -8.9% Sales Volume (CBM) 1,15,798 1,25,029 -7.4% Capacity U
Slide 10: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q1 FY2024 Q1 FY2023 Growth Net Sales (₹ Crores) 44.99 70.85 -36.5% EBITDA Margin 5.9% 11.5% EBIT Margin 3.8% 9.7% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 1.53 2.35 -34.9% Sales Volume (Mn Sqm) 1.58 2.51 -37.1% Capacity Utilisation
Slide 11: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q1 FY2024 Q1 FY2023 Inventory 45 36 Receivables 8 8 Payables 26 28 Net Working Capital 27 16 10
Slide 12: Greenpanel - Net Debt Zero
Greenpanel - Net Debt Zero Particulars (₹ Crores) Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Gross Borrowings 160.37 190.43 194.83 201.65 208.21 Bank Balances 325.31 377.73 339.50 260.38 225.44 Net Borrowings (164.94) (187.30) (144.67) (58.73) (17.23) 11
Slide 13: Greenpanel sponsors IPL 2023 Delhi Capitals
v Greenpanel sponsors IPL 2023 Delhi Capitals 12
Slide 14: 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 15: 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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