Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q2 FY2021 Earnings Presentation
20 slides from Greenpanel Industries's earnings presentation, Oct 30, 2020
Slide 1: Cover letter to stock exchanges: Investor Presentation
GREENPANEf GPtL/2020-2021, October 30,2020 The Manager The Manager BSE Limited Nationa!,Stock Exchange of lndia Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E), Mumbai-40000L Mumbai - 400051 Scrip Code:542857 Symbol - GREE
Slide 2: Financial Results Presentation Q2 & H1 FY 2021
Greenpanel Industries Limited Financial Results Presentation Q2 & H1 FY 2021
Slide 3: Disclaimer
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 sug
Slide 4: Contents
Contents Financial Highlights Financial Numbers Segment Numbers Segment Performance From the Desk of MD & CEO Company Overview Growth Outlook Manufacturing Facilities
Slide 5: Financial Highlights - Q2 FY2021
Financial Highlights - Q2 FY2021 Net Sales up by 21.5% YoY to Rs. 218.00 crores - Plywood revenues down by 4.5% YoY to Rs. 52.86 crores, contributing 24% of net sales - MDF revenues up by 33.2% YoY to Rs. 165.14 crores, contributing 76% of net sales Gross margins up by 80 bps YoY to 56.3% EBITDA mar
Slide 6: Financial Highlights - Q2 FY21 vs Q2 FY20
Financial Highlights - Q2 FY21 vs Q2 FY20 Key ratios (%) Q2 FY21 Q2 FY20 Gross Margin 56.3% 55.5% EBITDA Margin 20.5% 17.3% EBIT Margin 13.1% 7.6% Net Margin 8.3% 3.1% Sales Promotions / Net Sales 1.3% 1.4% Employee Expenses / Net Sales 9.8% 13.1% Logistics Cost / Net Sales 4.9% 5.2% EPS (Rs.) 1.47
Slide 7: Financial Highlights - H1 FY21 vs H1 FY20
Financial Highlights - H1 FY21 vs H1 FY20 Key ratios (%) H1 FY21 H1 FY20 Gross Margin 52.9% 52.7% EBITDA Margin 12.6% 15.5% EBIT Margin 2.0% 6.8% Net Margin -5.3% 2.2% Sales Promotions / Net Sales 1.1% 1.1% Employee Expenses / Net Sales 13.5% 12.0% Logistics Cost / Net Sales 4.9% 4.9% EPS (Rs.) -1.3
Slide 8: Financial Highlights - Assets & Liabilities
Financial Highlights - Assets & Liabilities Balance Sheet snapshot H1 FY 2021 H1 FY 2020 FY 2020 FY 2019 (INR crores) Net Worth 680.88 688.57 696.89 680.37 Total Debt 506.38 567.60 542.79 578.57 ▪ Long Term Debt (Including Current 466.03 490.36 470.08 533.16 Maturity) ▪ Short Term Debt 40.34 77.24 7
Slide 9: Financial Highlights - Financial Ratios
Financial Highlights - Financial Ratios Key Ratios Q2 FY 2021 Q2 FY 2020 FY 2020 FY 2019 Inventory (days) 61 71 68 84 Debtor (days) 20 29 31 33 Creditor (days) 48 46 54 52 Working Capital Turnover 33 54 45 65 (days) RoE (%) 10.6% 3.2% 2.3% 6.5% RoCE – Pre-Tax 9.5% 4.3% 4.9% 3.6% RoCE – Post-Tax 10.2
Slide 10: Financial Numbers Q2 FY2021
Financial Numbers Q2 FY2021 Key Financial Numbers Q2 FY 2021 Q2 FY 2020 Q2 FY 2021 Q2 FY 2020 (in INR (INR crores) crores) (% of Sales) (% of Sales) Sales 218.00 179.38 Other Incomes 6.40 6.82 2.94% 3.80% Material Consumptions Material Consumption 95.19 79.44 43.67% 44.29% Employee Employee Expenses
Slide 11: Financial Numbers H1 FY2021
Financial Numbers H1 FY2021 Key Financial Numbers H1 FY 2021 H1 FY 2020 H1 FY 2021 H1 FY 2020 (INR crores) (% of Sales) (% of Sales) Net Sales 304.26 377.82 Other Income 10.80 12.74 3.55% 3.37% Material Consumption 143.23 177.67 47.08% 47.03% Employee Expenses 40.99 45.51 13.47% 12.05% Other Expense
Slide 12: Segment Numbers H1 & Q2 FY2021
Segment Numbers H1 & Q2 FY2021 Key Segment Numbers Q2 FY 2021 Q2 FY 2020 H1 FY 2021 H1 FY 2020 (INR crores) Sales - Plywood 52.87 55.37 72.36 106.95 Sales - MDF 165.14 124.01 231.90 270.87 Total Sales 218.01 179.38 304.26 377.82 Segment Profit/(Loss) - Plywood 9.24 7.64 5.78 16.98 Segment Profit/(Lo
Slide 13: Segment Performance H1 & Q2 FY2021
Segment Performance H1 & Q2 FY2021 Plywood Segment Q2FY21 Q2FY20 Var (%) H1 FY21 H1 FY20 Var (%) Net Sales (INR crores) 52.87 55.37 -4.5% 72.36 106.95 -32.3% EBITDA Margin (%) 16.4% 12.1% 7.1% 14.1% EBIT Margin (%) 13.3% 8.3% 2.7% 10.8% Annual Capacity (million sqm) 10.5 10.5 10.5 10.5 Production (m
Slide 14: From the Desk of MD & CEO
From the Desk of MD & CEO Commenting on the performance for Q2 FY2021, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Limited said, Business has improved considerably in Q2 FY 2021. MDF volumes have grown by 31.3% year-on-year and operating margins have improved by 220 basis po
Slide 15: Company Overview
Company Overview Capacity Utilization Production Model Raw Material Return Ratios • Plywood Improved • Plywood – Own Sustainability • Lower return capacity utilization manufacturing for • The aim is to ratios witnessed at 78% in 12M FY domestic markets improve the due to low 2020 Vs. 57% in quality
Slide 16: Company Overview
Company Overview Business Segments Strong Industry Well Entrenched Manufacturing • Plywood and Potential Distribution Facilities allied products • Plywood industry Network • 1 state-of-the-art size - INR 180 • Total number of facility for • Medium Density billion, MDF Distributors-1400, Plywood at F
Slide 17: Growth Outlook
Growth Outlook Industry Product Advertising Financial Distribution IT Initiatives Drivers Profile and Performance Network • Upgraded • More • Focus on Promotional • 50% • A strong IT expected enhancing Spends growth in distributio infrastruct constructi value • Expected Plywood in n network ure on a
Slide 18: Manufacturing Facilities
Manufacturing Facilities Plywood Medium Density Fibreboards (MDF) • Pantnagar, Uttarakhand - 10.50 million square • Pantnagar, Uttarakhand - meters 1,80,000 cubic meters (CBM) • Chittoor, Andhra Pradesh - 3,60,000 cubic meters (CBM)
Slide 19: One Umbrella Brand
One Umbrella Brand fo GREENPANEL MDF + Wood Floors +» Plywood + Veneers * Doors INDIA'S LARGEST WOOD PANEL MANUFACTURER
Slide 20: Thank you!
Mr. V. 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 Email: v.venkat@greenpanel.com Website: www.greenpanel.com Thank you! Mr. Gavin Desa / Mr.
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