Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — FY2020 Earnings Presentation
35 slides from Greenpanel Industries's earnings presentation, Mar 31, 2020
Slide 1: Greenpanel Industries Limited 12M & Q4 FY2020 Results Presentation
Greenpanel Industries Limited 12M & Q4 – FY 2020 RESULTS PRESENTATION
Slide 2: 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 a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 3: Contents
Contents Financial Highlights Results and Segment details Segment-wise Performance Management Commentary Company Overview Outlook Annexure
Slide 4: Financial Highlights – Q4 FY20
Financial Highlights – Q4 FY20 Net Sales up by 35% YoY to Rs. 227.19 crores Plywood revenues up by 24.1% YoY to Rs. 50.03 crores, contributing 22% of net sales MDF revenues up by 38.9% YoY to Rs. 177.16 crores, contributing 78% of net sales Gross margins rose by 850 bps YoY to 58.2% Due to cha
Slide 5: Financial Highlights – Q4 FY20
5 Financial Highlights – Q4 FY20 Key ratios (%) Q4FY20 Q4FY19 Gross Margin 58.2% 49.7% EBITDA Margin 19.1% 19.8% EBITDA Margin (without forex loss / gain) 20.4% 12.4% EBIT Margin 12.0% 10.6% Net Margin 2.9% 7.2% Net Margin (excluding forex and exceptional item) 10.0% 3.3% Ad and promotions / Net Sal
Slide 6: Financial Highlights – 12M FY20 VS 12M FY19
6 Financial Highlights – 12M FY20 VS 12M FY19 Key ratios (%) 12M FY 2020 12M FY 2019 Gross Margin 54.0% 56.1% EBITDA Margin 16.5% 16.8% EBITDA Margin (without forex loss / gain) 17.0% 15.0% EBIT Margin 8.7% 8.0% Net Margin 2.0% 7.7% Net Margin (excluding forex and exceptional item) 4.7% 7.0% Ad and
Slide 7: Financial Highlights – B/S Perspective
7 Financial Highlights – B/S Perspective Balance Sheet Snapshot (Rs. crore) Mar 31, 2020 Mar 31, 2019 Dec 31, 2019 March 31, 2018 Net worth 696.89 680.37 689.88 636.07 Total debt 542.79 578.57 534.19 451.86 Long Term Debt (Including Current Maturity) 470.08 533.16 463.18 421.38 Short Term Debt 7
Slide 8: Financial Highlights – Ratios
8 Financial Highlights – Ratios Key Ratios Mar 31, 2020 Mar 31, 2019 Dec 31, 2019 March 31, 2018 Inventory (days) 68 84 58 48 Debtor (days) 31 33 26 27 Creditor (days) 54 52 41 41 Working Capital Turnover (days) 45 65 43 34 RoE (%) 2.3% 6.5% 0.8% 15.8% RoCE – Pre-Tax 4.9% 3.6% 6.1% 13.2% RoCE – Post
Slide 9: Financial Results 12M & Q4 - FY2020 - Standalone
9 Financial Results 12M & Q4 - FY2020 - Standalone Particulars (Rs. in lacs) Q4 31.03.2020 Q3 31.12.2019 Q4 31.03.2019 12M 31.03.2020 12M 31.03.2019 Income a) Revenue from operations 23,643.77 23,412.05 17,418.65 85,979.39 58,731.41 b) Other income 87.02 (16.30) 1,199.39 203.69 1,280.70 Total Income
Slide 10: Financial Results 12M & Q4 - FY2020 - Consolidated
10 Financial Results 12M & Q4 - FY2020 - Consolidated Particulars (Rs. in lacs) Q4 31.03.2020 Q3 31.12.2019 Q4 31.03.2019 12M 31.03.2020 12M 31.03.2019 Income a) Revenue from operations 23,777.09 23,558.55 17,480.12 87,656.62 59,911.39 b) Other income 98.37 60.90 1,184.32 223.40 1,269.50 Total Incom
Slide 11: Segmental Performance 12M & Q4-FY2020 - Standalone
11 Segmental Performance 12M & Q4-FY2020 - Standalone Particulars (Rs. in lacs) Q4 31.03.2020 Q3 31.12.2019 Q4 31.03.2019 12M 31.03.2020 12M 31.03.2019 Segment Revenue a) Plywood and allied products 5,012.40 5,852.96 4,064.40 21,593.90 14,150.27 b) Medium density fibreboards and allied products 18,6
Slide 12: Segmental Performance 12M & Q4-FY2020 - Consolidated
12 Segmental Performance 12M & Q4-FY2020 - Consolidated Particulars (Rs. in lacs) Q4 31.03.2020 Q3 31.12.2019 Q4 31.03.2019 12M 31.03.2020 12M 31.03.2019 Segment Revenue a) Plywood and allied products 5,012.40 5,852.96 4,064.40 21,593.90 14,150.27 b) Medium density fibreboards and allied products 18
Slide 13: Segment Wise Performance
13 Segment Wise Performance Particulars Plywood Q4FY20 Q4FY19 Var (%) 12M FY20 12M FY19 Var (%) Net sales (Rs crore) 50.03 40.31 24.1% 215.46 141.16 52.6% EBITDA margin (%) 7.4% 14.9% 11.8% 8.5% EBIT margin (%) 4.3% 11.2% 8.7% 4.5% Annual capacity (million sqm) 10.5 10.5 10.5 10.5 Production (millio
Slide 14: Managing Director & CEO's Message
14 Managing Director & CEO’s Message Commenting on the performance for Q4 FY2020, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Ltd. said, “Our performance during the quarter improved significantly in terms of MDF sales volumes. MDF sales volumes increased by 38% y-o-y. Ebitda
Slide 15: Company Overview
15 Company Overview Capacity Utilization • Plywood – Improved capacity utilization at 78% in 12M FY 2020 Vs. 57% in 12M FY 2019 • MDF capacity utilization was 60% in 12M FY 2020 Vs. 47% in 12M FY 2019 Production Model • Plywood – Own manufacturing for domestic markets. • MDF – Own manufacturing for
Slide 16: Company Overview
16 Company Overview Business Segments • Wood based products - Plywood and allied products, Medium Density Fibreboards (MDF) Strong Industry • Plywood industry size – Rs. 180 billion, MDF industry size – Rs. 19 billion Potential • High incomes, solid construction, Changes in Anti-dumping rules, stric
Slide 17: Growth Outlook
17 Growth Outlook • Focus on enhancing value added contribution • More expected construction, Higher disposable income, Need for urbanisation and improved GST compliance Industry Product Drivers Profile Financial • 50% growth in Plywood in FY 2020 Performance • 60% growth in MDF in FY 2020 • Expecte
Slide 18: Annexure
Annexure
Slide 19: Manufacturing Facilities
19 Manufacturing Facilities PLYWOOD MDF Facilities Capacity Capacity Location Location (mn sqm.) (cbm.) Pantnagar, Uttarakhand 10.50 Pantnagar, Uttarakhand 180,000 Chittoor, Andhra Pradesh 360,000 Total Capacity 10.50 Total Capacity 540,000
Slide 20: One Umbrella Brand
One Umbrella Brand @ GREENPANEL GP cREENPANEL
Slide 21: Product Range
21 Product Range MDF Plywood Veneers Wood Floors Doors • Club Grade HDWR • Club Grade • Naturemax • Prima • Commercial • Pre-Laminated MDF Plywood • Spectrumwood Collection(AC3/AC4) • Decorative • CARB/E1 • BWP Plywood • Royale • Persona • Exterior Grade • MR Grade Plywood • Black Forest Collection(
Slide 22: Greenpanel MDF – The Versatile Product
22 GREENPANEL MDF – T H E V E R S AT I L E P R O D U C T • Uniform density, homogenous construction • Precise Routing, Machining & Finishing • Intricate a n d clean cut lattice patterns, high quality laser e ngrav ing • Perfect for surface finished such a s painting, polishing a n high gloss • Lamin
Slide 23: Club Grade HDHMR – Product Innovation at Its Best
23 CLUB GRADE HDWR – PRODUCT INNOVATION AT ITS B E S T H IGH DENSITY WATER R E S I S TA N T EXTRA S T R ONG T ERM IT E, B O R E R & FUNGUS RESISTANT FIBRE INTERLOCKING TECHNOLOGY GERMAN T E C H N O LO GY H O M O G E N EO U S CONSTRUCTION
Slide 24: Pre-Laminated MDF – Convenience Meets Stunning Interiors
24 PRE- LAMINATED MDF – CONVENIENCE M E E T S STUNNING IN T ER IORS Greenpanel Pre-Laminated MDF comes in a r ang e of stylish, decorative designs in plain solid colours, wood grains a n d textured finishes.
Slide 25: Greenpanel Wood Floors
G R E E N PA N E L W O O D F L O O R S T H E G R E E N PA N E L W O O D F L O O R S A D V A N TA G E U p to P e r m a Click Scratch Hygienic & E a s y Water 1 0 0 HDF Interlocking S y s t e m R esistant To M a i n t a i n Resistant B a s e Core 15 Years w a r r an ty
Slide 26: Greenpanel Veneers
26 G R E E N PA N E L V E N E E R S N AT U R E M A X Naturem ax Decorative Veneers from Greenpanel. These Veneers are m a d e from exclusively hand-picked wood species from so m e of the most exotic forests from all over the world. Elegant a n d abstract in design these veneers are sure to lend a to
Slide 27: Spectrum Wood Veneer
27 SPECTRUM WOOD V E NE E R Greenpanel Spectrumwood Veneer combines natural timber b a s e a n d aesthetic designs. Available in wide variety of s h a d es a n d textures, these certified veneers are ideal for application inside the house. The imported b a s e is m a d e of composed core a n d is ov
Slide 28: Greenpanel Plywood
28 G R E E N PA N E L PLYWOOD Moisture Resistant Boiling Wa t e r P LY W O O D Club P ly w o o d Plywood P r o o f Plywood Most advanced machiner y and • St ro n g • S t ro n g • S t ro n g a n d durable specifications, along with strict • Uniform Thickness • Uniform Thickness • Lifetime gu arante e
Slide 29: Doors – Buy and Fit!
29 DOORS – BU Y A N D FIT! Greenpanel Doors are solid wood doors available a s Commercial Doors with hardwood face a n d Decorative doors with Natural/Teak/Recon face a n d laminated face W e also offer customized doors catering to the specific requirements of Architects.
Slide 30: Retail Branding
30 Retail Banding
Slide 31: Magazine Advertising
31 Magazine Advertising CP creenpaner Naturemax NATURAL VENEERS
Slide 32: Magazine Advertising
| 32 Magazine Advertising CP creenpaner mR a nD %) (#) => (& ©) OS _ WARRANTY EEE
Slide 33: Digital Marketing
Digital Marketing Happy ldre ee _ © Ha ror aoe i 33
Slide 34: Merchandise
34 Merchandise CP creenpaner CET A) ay
Slide 35: Thank You
35 V. Venkatramani Chief Financial Officer Greenpanel Industries Limited Tel +91-9748400606 Email: v.venkat@greenpanel.com For more info: www.greenpanel.com Gavin Desa / Rishab Barar CDR - India Tel: +91 22 6645 1237 / 1235 Email: gavin@cdr-india.com rishab@cdr-india.com Thank You