Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q4 FY2023 Earnings Presentation
16 slides from Greenpanel Industries's earnings presentation, Mar 31, 2023
Slide 1: Greenpanel Industries Limited Financial Performance Q4 & 12M FY 2023
Greenpanel Industries Limited Financial Performance Q4 & 12M FY 2023
Slide 2: 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 3: Index
Index Contents Page Greenpanel’s snapshot 4 Overview by MD & CEO 5 Our Financial Performance 7 3
Slide 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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 13: 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 14: Greenpanel sponsors IPL 2023 Delhi Capitals
v Greenpanel sponsors IPL 2023 Delhi Capitals 14
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: 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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