Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q2 FY2025 Earnings Presentation
15 slides from Greenpanel Industries's earnings presentation, Oct 28, 2024
Slide 1: Stock exchange filing cover letter
GPIL/2024-25 October 28, 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), Mumbai – 400051 Scrip Code: 542857 Symbol: GREENPANEL Dear Sirs, Sub: Investo
Slide 2: Greenpanel Industries Limited: Financial Performance Q2 & H1 FY2025
Greenpanel Industries Limited India’s largest manufacturer of wood panels Financial Performance Q2 & H1 FY2025
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 fell by 4% y- o-y. MDF EBITDA Margins at 13.1% were impacted by low volumes due to price action by competitors. We maintained working capital discipline in a challenging quarter with net working capital at 40 and debtors at 8 days of turnover” 5
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF domestic sales volumes fell by 4% YoY. MDF EBITDA at 13.1% were impacted “Cash Generated ₹ 63 crores during by price action by competitors. Q2FY25. “Plywood volumes rose by 21% q-o-q and “Net debt stood at ₹ 97 crores as on 30th were lower by 10.4% y-o-y. Ebitda Margin at
Slide 8: Financial Highlights Q2 FY2025 v/s Q2 FY2024
Financial Highlights v Q2 FY2025 v/s Q2 FY2024 Key Ratios (%) Q2 FY2025 Q2 FY2024 Gross Margin 48.6 55.5 EBITDA Margin 11.9 18.4 EBIT Margin 6.1 13.7 Net Margin 5.6 10.3 Sales Promotion / Net Sales 0.4 0.8 Employee Expenses / Net Sales 10.6 8.9 Logistics Costs / Net Sales 5.9 5.0 EPS (₹) 1.51 3.34 7
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q2 FY2025 Q2 FY2024 Growth Net Sales (₹ Crores) 295.81 354.51 -16.6% EBITDA Margin 13.1% 20.4% EBIT Margin 6.9% 15.5% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 1,01,888 1,18,760 -14.2% Domestic Sales Volume (CBM) 86,472 90,407 -4.4% Expo
Slide 10: Segment Performance - MDF (6M)
Segment Performance - MDF (6M) Particulars 6M FY2025 6M FY2024 Growth Net Sales (₹ Crores) 627.59 694.68 -9.7% EBITDA Margin 12.6% 20.4% EBIT Margin 6.8% 15.4% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 2,25,112 2,40,153 -6.3% Sales Volume (CBM) 2,20,617 2,39,413 -7.9% Capacity Utilisa
Slide 11: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q2 FY2025 Q2 FY2024 Growth Net Sales (₹ Crores) 36.86 43.19 -14.7% EBITDA Margin 2.5% 1.6% EBIT Margin -0.5% -0.6% Annual Capacity (Mn Sqm) 9.00 10.50 Production (Mn Sqm) 1.13 1.32 -14.4% Sales Volume (Mn Sqm) 1.47 1.64 -10.4% Capacity Utilisation
Slide 12: Segment Performance - Plywood (6M)
Segment Performance - Plywood (6M) Particulars 6M FY2025 6M FY2024 Growth Net Sales (₹ Crores) 69.22 88.17 -21.5% EBITDA Margin 0.3% 3.8% EBIT Margin -2.6% 1.7% Annual Capacity (Mn Sqm) 9.00 10.50 Production (Mn Sqm) 2.31 2.85 -18.9% Sales Volume (Mn Sqm) 2.69 3.22 -16.5% Capacity Utilisation 51% 54
Slide 13: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q2 FY2025 Q2 FY2024 Inventory 56 43 Receivables 8 6 Payables 24 23 Net Working Capital 40 26 12
Slide 14: Greenpanel - Net Debt
Greenpanel - Net Debt Particulars (₹ Crores) Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Gross Borrowings 297.37 280.84 267.96 84.54 131.16 Bank Balances 200.29 177.46 237.84 260.72 309.99 Net Borrowings 97.08 103.38 30.12 (176.18) (178.83) 13
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
Greenpanel Industries — Q2 FY2025 Earnings Presentation on 6ix