Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q1 FY2021 Earnings Presentation
28 slides from Greenply Industries's earnings presentation, Aug 14, 2020
Slide 1: Cover letter to stock exchanges
Greenply/2020-21 August 14, 2020 The Manager The Manager BSELimited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code: 526797 Symbol - GREENPLY
Slide 2: Q1 FY2021 Financial Results Presentation
Q1 FY2021 Financial Results Presentation
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 a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Contents
Contents Business Highlights & Impact of COVID 19 Financial Highlights: Consolidated & Standalone Chairman & MD’s comments Financial Results Shareholding Pattern Company Overview Growth Outlook Manufacturing Facilities Our Brands Marketing /Activation Brand Activation - Digital 3
Slide 5: Business Highlights – Q1 FY 2021
Business Highlights – Q1 FY 2021 Business has been impacted during the quarter due to the Covid-19 pandemic. April 2020 was a complete wash out month. Factory operations resumed in the middle of May 2020. Factory in West Bengal was also impacted by the Amphan cyclone and Operations resumed in the
Slide 6: Financial Highlights – Q1 FY 2021
Financial Highlights – Q1 FY 2021 Consolidated Gross margins up by 459 bps YoY to 46.5% Consolidated Net Sales down by Standalone Gross margins up by 49 Consolidated EBITDA margins is at 62.0% YoY to Rs. 132.2 crores bps YoY to 41.2% -2.0% vs 11.9% YoY Standalone Net Sales down 64.8% YoY Standalone
Slide 7: Consolidated Financial Highlights – Q1 FY 2021
Consolidated Financial Highlights – Q1 FY 2021 Figures in Rs crore Key Ratios (%) Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Gross Margin 46.5 41.9 Net Sales 132.2 348.2 -62.0% EBITDA Margin -2.0 11.9 EBIT Margin -5.9 10.1 Gross Profit 61.5 145.9 -57.9% Net Margin -8.5 6.0 -2.7 41.6 Ad and promotions / Net Sal
Slide 8: Standalone Financial Highlights – Q1 FY 2021
Standalone Financial Highlights – Q1 FY 2021 Figures in Rs crore Key Ratios (%) Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Gross Margin 41.2 40.7 Net Sales 107.1 304.2 -64.8% EBITDA Margin -4.7 11.1 EBIT Margin -8.0 9.3 Gross Profit 44.1 123.8 -64.4% Net Margin -8.8 5.2 Ad and promotions / Net Sales 3.2 4.5 EB
Slide 9: Financial Highlights – Balance Sheet Perspective
Financial Highlights – June’20 June’19 Mar’20 Balance Sheet Perspective Capital Employed 645.3 Figures in Rs crore 598.2 615.8 514.9 500.1 449.2 Net worth Total Debt 259.2 267.4 377.9 230.7 Consolidated Standalone 367.5 167.8 356.6 357.0 143.1 101.9 347.3 347.1 Cash & Cash equivalents 10.6 10.3 9.6
Slide 10: Financial Highlights – Balance Sheet Perspective
Financial Highlights – June’20 June’19 Mar’20 Balance Sheet Perspective Inventories Figures in Rs crore 187.0 172.8 177.1 137.8 146.9 143.8 Receivables Payables 282.5 272.2 341.0 356.5 318.8 307.9 231.7 218.4 269.8 196.0 Consolidated Standalone 228.9 178.2 Fixed Assets 316.8 303.9 319.5 Consolidated
Slide 11: Financial Highlights – Ratios
Financial Highlights - June’20 June’19 Mar’20 Ratios Inventories (Days) 129 117 45 46 44 42 Debtors (Days) Creditors (Days) 151 135 Consolidated Standalone 186 194 74 81 89 92 95 89 60 63 Working Capital Turnover (Days) 180 160 Consolidated Standalone Consolidated Standalone 78 Consequent to the loc
Slide 12: Financial Highlights – Ratios
Financial Highlights – June’20 June’19 Mar’20 Ratios RoCE Post-tax (%) 16.9 15.4 10.5 9.9 ROE (%) RoCE Pre-tax (%) 22.5 22.1 23.6 Consolidated Standalone -3.9 -4.8 18.1 12.6 12.6 12.5 9.1 Debt/Equity Consolidated Standalone 0.73 0.71 Consolidated Standalone 0.63 -6.0 -12.3 -10.9 -7.7 0.48 0.40 0.29
Slide 13: Consolidated Performance - Q1 FY 2021 v/s Q1 FY 2020
Consolidated Performance - Q1 FY 2021 v/s Q1 FY 2020 Greenply Subsidiaries Consolidated Figures in Rs crore Q1 FY21 Sales Gross Profit EBITDA 132.2 2.3 61.5 107.1 44.1 25.1 17.4 -2.7 -5.0 Q1 FY20 Sales Gross Profit EBITDA 348.2 41.6 304.2 145.9 123.8 33.7 44.0 22.1 7.9 12
Slide 14: Greenply Standalone Performance
Greenply Standalone Performance Particulars Q1 FY21 Q1 FY20 Net sales (Rs. crore) 107.1 304.2 EBITDA margin (%) -4.7 11.1 EBIT margin (%) -8.0 9.3 Annual capacity (million sqm.) 24.9 24.9 Production (million sqm.) 3.14 8.64 Sales volume (million sqm.) 4.73 13.57 Utilisation (%) 50 139 Average realis
Slide 15: Chairman & Managing Director's comments
“Commenting on the performance for Q1FY2021, Mr. Rajesh Mittal, Chairman & Managing Director, Greenply Industries Ltd. said, “The quarter under review has been challenging due to the lockdown and ongoing pandemic and the effects that it has brought about to the economy. We have had to face a difficu
Slide 16: Consolidated Financial Results – P&L Q1 FY 2021
Consolidated Financial Results – P&L Q1 FY 2021 (₹ in Lakhs) Statement of Consolidated Financial Results for the Three Months ended 30 June2020 CONS 3M CONS 3M CONS 3M CONS 12M Particulars 30.06.2020 31.03.2019 30.06.2019 31.03.2020 Income a) Revenue from operations 13,271.22 34,469.90 34,944.81 142
Slide 17: Standalone Financial Results – P&L Q1 FY 2021
Standalone Financial Results – P&L Q1 FY 2021 (₹ in Lakhs) Statement of Standalone Financial Results for the Three Months ended 30 June 2020 STD 12M Particulars STD 3M 30.06.2020 STD 3M 31.03.2019 STD 3M 30.06.2019 31.03.2020 Income a) Revenue from operations 10,759.15 29,723.48 30,543.61 126,767.86
Slide 18: Shareholding Pattern
Shareholding Pattern June 2020 June 2019 47.98% 52.02% 48.97% 51.03% Public Promoter Public Promoter 17
Slide 19: Company Overview
CAPACITY UTILIZATION STRONG INDUSTRY POTENTIAL Plywood 50% utilization in Q1FY2021 Plywood industry size – Rs. 190 billion Plywood 139% utilization in Q1FY2020 Strong demand drivers – rising residential/ commercial construction, increasing PRODUCTION MODEL urbanization, high disposable
Slide 20: Growth Outlook
Growth Outlook PRODUCT ADVERTISING & IT DISTRIBUTION FINANCIAL INDUSTRY PROFILE PROMOTIONAL INITIATIVES NETWORK PERFORMANCE DRIVERS SPENDS To improve mix of Continued Upgraded IT To increase the Margin expected Rising demand plywood through investments in infrastructure – number of to im
Slide 21: Manufacturing Facilities / Business Model
Manufacturing Facilities / Business Model Facilities Business Model 64% Premium products, 36% mid & low end products in volume terms Capacity Location (mn sqm.) 73% Premium products, 27% mid & low end products in value terms Plywood Tizit, Nagaland 4.50 Asset light model generating higher ROCEs Kr
Slide 22: Our Brands
optim: ES Bhaosaply fm PLYWOOD & BLOCKBOARD 21
Slide 23: Marketing / Activation
Marketing / Activation Influencers Program Maanyata Milan (Carpenter Recognition Program) Carpenter Meets Product Promotion – Road Show with product display Local Branding activity –Wall Paintings, GSB’s Etc. 22
Slide 24: Brand Activation – Digital
Brand Activation– Digital Digital media has been the key focus for us and we have launched campaigns almost every quarter. Starting from IPL, World cup to Independence Day & Pujo the brand has constantly engaged with high participation from the audience on topical content to maintain brand relevance
Slide 25: Lockdown stories
Lockdown stories As coronavirus started creating havoc across the globe and soon found its way here in India, our country took the bold step of lockdown Our communication during this time aimed at engaging, spreading positivity and remembering old memories through different campaigns that the au
Slide 26: #Onthegreenerside
#Onthegreenerside During trying times when the nation was on lockdown there was an atmosphere of negativity & uncertainty. In such times where people are stuck at home Greenply as an interior infrastructure brand reminded everyone about the positives of staying at home, the one place that allows you
Slide 27: About Greenply
About Greenply Greenply Industries Limited (GIL) enjoys leadership position in plywood for more than 26 percent of the organized plywood market in India. GIL has three state–of-the-art manufacturing facilities for Plywood spread across the country producing world class interior products for the dome
Slide 28: Thank You
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Greenply Industries — Q1 FY2021 Earnings Presentation on 6ix