Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q2 FY2025 Earnings Presentation
31 slides from Greenply Industries's earnings presentation, Oct 28, 2024
Slide 1: Exchange filing cover letter
HAR ZARURAT KA REPLY Greenply/2024-25 October 28, 2024 The Manager The Manager SSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Sandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Sandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 5267
Slide 2: Analyst Presentation Q2 & H1 FY2025
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q2 & H1FY2025 29th Oct 2024 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Contents
Contents ❖ Key Highlights ❖ Financial & Operating Performance ❖ Corporate Overview ❖ Strategic Initiatives 3
Slide 5: Key results highlights - Consolidated
Key results highlights- Consolidated % Change % Change % Change Particulars Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 Y-o-Y Q-o-Q Y-o-Y Revenue (Rs Crs) 640 568 12.8% 584 9.7% 1224 998 22.7% Core EBITDA* (Rs Crs) 58 48 19.2% 58 -0.5% 116 75 53.1% Core EBITDA % 9.0% 8.5% +50 bps 9.9% -90 bps 9.4% 7.6%
Slide 6: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 20.2 19.1 5.9% 17.7 14.5% 37.89 35.35 7.2% Realisation (Rs/MSM) 251 245 2.4% 245 2.3% 248 247
Slide 7: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business % Change Y- % Change Q- Particulars Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 o-Y o-Q Sales Volume (CBM) 40,553 31,019 30.7% 42,724 -5.1% 83,276.7 37,081 Realisation (Rs/CBM) 31,169 28,539 9.2% 30,817 1.1% 30,988 28,541 Revenue (Rs Crs) 126.40 8
Slide 8: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 7
Slide 9: Consolidated P&L – Q2 FY25
Consolidated P&L –Q2 FY25 Revenue growth of 12.8% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 12.8% 12.4% 700 9.7% 5.2% 600 300 40.7% 50.0% 39.2% 39.1% 500 250 40.0% 200 30.0% 400 640 568 584 150 223 238 250 300 100 20.0% 200 50 10.0% 100 0 0.0% Q2FY24 Q1 FY25 Q2 FY25 Q2FY24 Q1 FY25 Q2
Slide 10: Consolidated P&L – H1 FY25
Consolidated P&L –H1 FY25 Revenue growth of 22.7% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 22.7% 21.8% 600 50.0% 1,500 40.1% 39.9% 40.0% 400 1,000 30.0% 488 20.0% 1,224 200 401 500 998 10.0% - 0 0.0% H1 FY24 H1 FY25 H1 FY24 H1 FY25 Core EBITDA- Rs. Crores, Margin % PAT - Rs. Crores,
Slide 11: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 300 38 38 40 350 100 350 100 282 291 297 293 250 29 300 300 273 80 243 80 30 250 250 200 52 200 45 44 60 200 44 44 60 150 20 43 247 150 40 150 100 210 40 192 100 10 20 100 50 50 20 50
Slide 12: Plywood Business P&L – Q2 FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-Q2 FY25 Revenue growth of 7.5% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 7.5% 13.8% 8.1% 600 514 220 10.3% 50.0% 478 452 500 36.4% 36.6% 200 37.8% 40.0% 400 300 180 30.0% 200 160 188 100 174 171 20.0% 140 0 120 10.0% Q2 FY24 Q1 FY25
Slide 13: Plywood Business P&L – H1 FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-H1 FY25 Revenue growth of 8.5% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 8.5% 6.5% 1,000 966 400 40.0% 890 370 37.8% 37.1% 30.0% 900 340 20.0% 800 359 310 337 10.0% 700 280 0.0% H1 FY24 H1 FY25 H1 FY24 H1 FY25 Core EBITDA- Rs. Crores
Slide 14: Plywood Business Ratios
Plywood Business^ (Standalone +Subsidiaries) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 250 50 300 50 300 52 53 39 250 47 40 250 51 52 200 33 40 45 45 30 200 200 51 30 48 150 30 50 150 150 275 248 236 252 49 100 192 20 219 225 20 100 164 1
Slide 15: Plywood Business Operating Metrics Q2 FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics Q2 FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 37% 80% 33% 31% 36% 43% 44% 4% 1% 0% 60% 1% 60% 4% 0% 40% 40% 69% 53% 62% 56%
Slide 16: Plywood Business Operating Metrics H1 FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics H1 FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 41% 41% 80% 32% 34% 60% 0% 60% 4% 0% 5% 40% 40% 54% 59% 64% 66% 20%
Slide 17: MDF P&L – Q2 FY25
MDF P&L- Q2 FY25 Revenue growth of 42.8% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 42.8% -4.0% 55% 160 80 51% 49% 60% 140 132 126 50% 120 60 89 40% 100 80 40 30% 67 62 60 49 20% 40 20 10% 20 0 0% Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Core EBITDA- Rs. Crores, Margin % PAT- Rs. Crores
Slide 18: MDF Business Ratios
MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 60 50 70 64 70 25 15 16 60 60 13 14 50 47 40 46 20 12 40 50 50 38 30 35 15 8 10 40 40 30 8 25 20 30 30 10 6 20 20 20 4 10 5 10 10 10 8 21 18 2 46 54 35 63 66 49 0 0 0 0 0 0 Sep-23 Jun
Slide 19: Consolidated Profit & Loss Statement Q2 FY25
Consolidated Profit & Loss Statement Q2 FY25 Corresponding Year to date Year to date figures Three months Previous Three Three months figures for the for the previous Year ended Sr. ended months ended Particulars ended 30.09.2023 in current period period ended 31.03.2024 No. 30.09.2024 30.06.2024 th
Slide 20: Corporate Overview
CORPORATE OVERVIEW 19
Slide 21: Greenply at a glance
Greenply at a glance 35+ Listed in NSE & Wood based products - One of the largest E-0 Interior Years of experience BSE-Rs. ~4900 Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap Best Green
Slide 22: Manufacturing Excellence
Manufacturing Excellence Plywood & allied Capacity MDF Manufacturing Capacity Kriparampur, West Bengal Manufacturing Location (Mn SqM pa) Location (CBM pa) Vadodara, Gujarat 2,40,000 Bamanbore, Gujarat 20.20 Sandila, Lucknow (U.P.) 13.50 Kriparampur, West 11.00 Bengal Vadodara Mfg. Units Tizit, Naga
Slide 23: Key Business Moats
Key Business Moats Industry First Innovations Promise of delivering quality, every time Quality is Pressing technology to ensure defect free guaranteed calibrated product Global & Domestic Certifications Industry First Influencer Initiatives Rewarding Craftsmanship of Taking care of Driving sustaina
Slide 24: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 30th September 2024 Shareholding Pattern- 30th September 2024 Major Institutional Shareholders Shareholding % 12.44% Mirae Asset Mutual Fund 12.74 HDFC Mutual Fund 7.03 Tata Mutual Fund 4.85 52.01% 30.64% Canara Robeco Mutual
Slide 25: Strategic Initiatives
Strategic Initiatives Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Product portfolio manufacturing expansion base at diversified locations Strategic Initiatives 24 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 26: Digital & PR Awareness
Digital & PR Awareness | rat , Plywood | Timber | Laminates | MDF/Particle Board | Machinery | Furniture otnsreacry Embrace festivities glazed with joy! _ 2 oN 128) Te eS reenply CARB P2 MOF MR. SANIDHYA MITTAL, = JOINT MANAGING DIRECTOR, GREENPLY INDUSTRIES LTD dd eauty your imeiors Pure surface fi
Slide 27: Hindustan Ki Shaan Season 2
Hindustan Ki Shaan Season 2 Total Reach: 2.1 Mn+| New Contractors Added : 60,000 | Nominations Received : 5,660
Slide 28: In-Shop Visibility & Dealer Engagement
In-Shop Visibility & Dealer Engagement Retail Visibility – across 1100 counters New Year Merchandise – 1100+ dealers engaged Holi Festive Engagement – 1400+ dealers engaged
Slide 29: Brand Campaign - Driving Brand Saliency
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels XX, Cow Crrictures NB — Epc y SIE ‘x 4WMn ; 2 Reach thru TV GA inaiay BR
Slide 30: Awards & Recognition
Awards & Recognition Great Place to Work-Three times India’s Most trusted Brand- Best Green Manufacturing Economic Times Sustainable in a row (2020, 2021, 2022) 2022 Company- 2022 Organisations Award - 2023 29
Slide 31: Thank You!
For further information, please contact: Registered Office : Madgul Lounge, 6th Floor 23 Chetla Central Road, Chetla Kolkata - 700027, West Bengal, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.com Thank You! 30
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