Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q1 FY2024 Earnings Presentation
26 slides from Greenply Industries's earnings presentation, Jul 25, 2023
Slide 1: Covering letter to stock exchanges
/ t4 Greenply/2023-24 July 25, 2023 The Manager The Manager BSE Limited 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 Scrip Code: 526797 Symbol - GREENP
Slide 2: Analyst Presentation Q1 FY 2024
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q1 FY 2024 25th July 2023 1
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 ❖ Key Highlights ❖ Financial & Operating Performance ❖ Corporate Overview ❖ Strategic Initiatives 3
Slide 5: Key results highlights – India Business
Key results highlights – India Business Plywood Business ^ (Standalone + Sandila) MDF Business % Change % Change Particulars Q1 FY24 Particulars Q1 FY24 Y-o-Y Q-o-Q Sales Volume (MSM) 16.3 1.6% -4.5% Sales Volume (CBM) 6,062 Realisation (Rs/MSM) 249 2.9% 1.2% Realisation (Rs/MSM) 28,546 Revenue (Rs
Slide 6: Key results highlights- Consolidated
Key results highlights- Consolidated % Change % Change Particulars Q1 FY24 Y-o-Y Q-o-Q Revenue (Rs Crs) 476 5.0% 1.5% Adj. Core EBITDA* (Rs Crs) 32 -28.4% -38.0% Adj. Core EBITDA % 6.6% - 310 bps - 420 bps PAT (Rs Crs) 1 -96.1% -92.6% *Excluding non-cash ESOP cost Rs 1.8 crores in Q1 FY24 Rs/Crores
Slide 7: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 6
Slide 8: Consolidated P&L-Q1 FY24
Consolidated P&L-Q1 FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 5.0% 12.6% 9.5% 600 1.5% 250 50.0% 500 400 200 41.5% 40.0% 150 38.7% 38.5% 30.0% 300 454 469 476 100 181 198 20.0% 200 176 100 50 10.0% 0 0 0.0% Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Adj. Core EBITDA*- Rs. Crore
Slide 9: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 350 330 70 350 325 100 300 100 63 278 249 300 264 60 300 250 229 237 242 80 80 250 50 250 54 198 48 51 49 62 60 200 200 40 200 60 150 40 44 48 150 30 150 40 40 100 20 100 100 20 20 50
Slide 10: Plywood Business (Standalone + Sandila) P&L-Q1 FY24
Plywood Business^ (Standalone + Sandila) P&L-Q1 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 4.4% 13.5% 500 -3.5% 200.0 50.0% 395 427 412 -0.3% 400 150.0 40.0% 300 36.3% 38.0% 39.5% 30.0% 100.0 200 162.9 20.0% 50.0 143.5 162.4 100 10.0% 0 0.0 0.0% Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY
Slide 11: Plywood Business (Standalone + Sandila) Ratios
Plywood Business^ (Standalone + Sandila) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 200.0 183.2 50 250.0 50 204.5 250.0 211.8 50 162.5 45 199.5 47 41 40 185.9 194.3 161.5 150.0 134.3 200.0 40 200.0 42 40 41 43 34 30 150.0 30 150.0 37 30 10
Slide 12: Plywood Business Operating Metrics Q1 FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics Q1 FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 32% 29% 31% 80% 42% 36% 39% 9% 9% 5% 60% 60% 10% 6% 11% 40% 40% 59% 62% 64% 47% 54% 55% 20% 20% 0% 0% Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Manufacturing (O
Slide 13: GMEL P&L-Q1 FY24
GMEL P&L-Q1 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % EBITDA- Rs. Crores, Margin % -22.1% -37.4% 9.0 14.0% 13.3% 8.0 13.2% 9.1% 12.0% 7.0 7.7 59 40 60.0% 6.0 10.0% 54.2% 60 35 42.0% 43.6% 50.0% 5.0 6.1% 8.0% 50 42 46 30 5.6% 25 40.0% 4.0 6.0% 40 32 3.0 30 20 30.0% 2.3 2.8 4.0% 15 2
Slide 14: Consolidated Profit & Loss Statement Q1 FY24
Consolidated Profit & Loss Statement Q1 FY24 (₹ in Lakhs) Statement of Consolidated Financial Results for the three Months ended 30 June 2023 Corresponding Previous Three Three months Three months ended Year ended months ended Sr. ended 30.06.2023 30.06.2022 in the 31.03.2023 Particulars 31.03.2023
Slide 15: Corporate Overview
CORPORATE OVERVIEW 14
Slide 16: Greenply at a glance
Greenply at a glance Listed in NSE & Wood based products - One of the largest 35+ E-0 BSE-Rs. 1,740+ Plywood and allied, Interior Years of experience India’s first Zero crores Face Veneer, MDF infrastructure in delivering quality Emission plywood Market Cap (upcoming) brands in India plywood product
Slide 17: Manufacturing Excellence
Manufacturing Excellence Plywood & allied (Own Capacity Plywood & allied (Domestic Capacity Kriparampur, West Bengal Manufacturing ) Location (Mn SqM pa) Partner) Location (Mn SqM pa) Bareilly, Uttar Pradesh ~10.00 Bamanbore, Gujarat 15.80 Hapur, Uttar Pradesh 7.50 Sandila, Lucknow (U.P.) 13.50 Face
Slide 18: Distribution network
Distribution network Presence in Cities 1147 913 241 536 196 559 184 198 906 · Our Pan India Presence · ···· ·· · 715 340 375 ··· · ··· · · FY19 FY20 FY21 FY22 Rural & Semi Urban Urban ·· ·· · ·· · · ·· ·· ······ No. of Dealers ·· 2300 2357 1811 1884 1293 1329 1269 1429 ··· · · · Branch · ·· Offices
Slide 19: MDF Plant
MDF Plant MDF Project Details Product Medium Density Fiber Board (MDF)- Exterior, Interior, HDHMR, BWR Sub- categories of Thin & thick, pre-lam and other value- Products added Location Vadodara Distt., Gujarat, India Capacity 800 CBM / day Project on fast-track mode 18
Slide 20: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 30th June 2023 Shareholding Pattern- 30th June 2023 Shareholding Major Institutional Shareholders % 12.60% Mirae Asset Mutual Fund 9.9 HDFC Mutual Fund 8.9 Tata Mutual Fund 4.7 HSBC (Ex- L&T Mutual Fund) 2.3 52.14% 33.11% Band
Slide 21: Branding & Marketing Initiatives
Branding & Marketing Initiatives IPL Greenply x LSG Reached 20 Mn people IPL Communication In-Shop visibility Digital Amplification & Engagement 20
Slide 22: Branding & Marketing Initiatives – Driving Imagery
Branding & Marketing Initiatives – Driving Imagery Retailer Meet Filmfare Sponsorship Architect Meet ❖ On-stage brand visibility & integration telecasted live on colors TV GEC 21 21
Slide 23: Branding & Marketing Initiatives- Campaigns & Initiatives
Branding & Marketing Initiatives- Campaigns & Initiatives CSR Activities Product Launch ❖ First MDF Consignment of 1010 Trucks Flag off by LSG Team Views 142K Engagement 9.3K ❖ Enabled 40 physically handicapped people to experience live match ❖ Activity Witnessed by 30,00 people in stadium and 20 Mn
Slide 24: Awards & Recognition
Awards & Recognition Great Place to Work-Three times in a India’s Most trusted Brand- Economic Times Sustainable Best Green Manufacturing row (2020, 2021, 2022) 2022 Organisations Award - Company- 2022 2023 23
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: Thank You!
For further information, please contact: Gautam Jain – AVP, Strategy & Investor Relations D-1401 & 1402, Lotus Corporate Park, Jai Coach Signal, Ram Mandir Road, Goregaon (East), Mumbai- 400063 Tel: +91 33 3051 5000 / +91 9987899747 Email : gautam.jain@greenply.com Registered Office: Makum Road, P.O
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