Greenlam Industries Ltd · NSE:GREENLAM

Greenlam Industries — Q4 FY2020 Earnings Presentation

21 slides from Greenlam Industries's earnings presentation, Jun 22, 2020

  1. Slide 1: Cover letter to stock exchanges

    Greenlam/2020-21 June 22, 2020 The Manager, The Manager, BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Bandra Kurla Complex, Floor 25, P.J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Fax No. 022-2272-3121/1278/1557/3354 Fax

  2. Slide 2: Result Presentation Q4 & FY20

    Result Presentation Q4 & FY20 June 22, 2020

  3. Slide 3: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenlam 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

  4. Slide 4: A belief driven by our values to thrive improvement across business segments

    Its a belief driven by our values to thrive improvement across business segments 3

  5. Slide 5: Our 'bettering' culture is visible in..

    Our ‘bettering’ culture is visible in.. Marketing Product Service Solutions Manufacturing Network Infrastructure People Financials 4

  6. Slide 6: Product Portfolio

    Product Portfolio Decorative Laminate & Allied Products Veneer & Allied Products Decorative Mikasa Mikasa Laminates Compact Panels MFC Veneer Floor Door Standard Compact Panels Natural Engineered Lab Guardian Veneer Engineered Wood Door Commodity to Melamine Restroom & Locker Wood Floor and Premium

  7. Slide 7: Audited Consolidated Financials

    Audited Consolidated Financials

  8. Slide 8: Consolidated Financial Performance – Q4FY20

    Consolidated Financial Performance – Q4FY20  Current quarter was severely impacted by the countrywide lockdown on account of COVID pandemic  Consolidated Net Revenue for the quarter de-grew by 10.0% to INR 324 Crores as compared to INR 360 Crores in Q4FY19  Laminate revenue de-grew by 6.2% to INR

  9. Slide 9: Consolidated Financial Performance – FY20

    Consolidated Financial Performance –FY20  Consolidated Net Revenue for FY20 grew by 3.1% at INR 1321 Crores as compared to INR 1281 Crores in FY19  Laminate revenue grew by 3.5% to INR 1,122.2 crores in FY20 from INR 1084.5 crores in FY19  Domestic laminate revenue de-grew by 3.7% in value terms

  10. Slide 10: Greenlam's COVID-19 response

    Greenlam’s COVID-19 response Employee Safety  High standards of safety and hygiene for all employees, social distancing and regular sanitization of work place  Mandatory Aarogya Setu check at various points  Work From Home policy adopted and only limited staff attending office Liquidity Managemen

  11. Slide 11: Profit and Loss Statement

    Consolidated Financial Performance Profit and Loss Statement INR Crores Q4FY20 Q4FY19 YoY% FY20 FY19 YoY% Net Revenue 324.0 360.2 -10.0% 1320.6 1280.7 3.1% Raw Material 161.4 202.9 670.4 687.8 Gross Profit 162.6 157.3 3.3% 650.2 592.9 9.7% Gross Margin % 50.2% 43.7% 650 bps 49.2% 46.3% 290 bps Emplo

  12. Slide 12: Balance Sheet

    Consolidated Financial Performance Balance Sheet INR Crores Mar-20 Mar-19 INR Crores Mar-20 Mar-19 Shareholder’s Fund 500.7 428.4 Non-Current Assets 465.5 391.6 Share capital 12.1 12.1 Fixed assets 442.2 351.4 Reserves & Surplus 488.6 416.3 Goodwill 3.2 0.6 Borrowings 294.2 269.7 Other Non-Current A

  13. Slide 13: Laminates & Allied Segment

    Consolidated Financial Performance Laminates & Allied Segment INR Crores Q4FY20 Q4FY19 YoY% FY20 FY19 YoY% Net Revenue 283.6 302.5 -6.2% 1122.2 1084.5 3.5% Gross Profit 142.3 133.0 7.0% 561.5 504.5 11.3% Gross Margin % 50.2% 44.0% 620 bps 50.0% 46.5% 350 bps EBIDTA 44.9 43.2 4.1% 176.1 148.0 19.0% E

  14. Slide 14: Laminates & Allied Segment: Production, Sales, Realisation

    Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Average Realisation (INR / Sales (Mn Sheets) Sheets) Sheet) -4.8% -8.2% +0.5% 3.91 3.75 3.45 770 774 3.51 3.39 3.22 Q4FY19 Q4FY20* Q4FY19 Q4FY20 Q4FY19 Q4FY20 Capacity Production +0.4% -2.2% +4.4% 14.0213.68 14

  15. Slide 15: Veneers & Allied Segment

    Consolidated Financial Performance Veneers & Allied Segment INR Crores Q4FY20 Q4FY19 YoY% FY20 FY19 YoY% Net Revenue 40.4 57.7 -30.1% 198.3 196.2 1.1% Gross Profit 20.3 24.3 -16.7% 88.7 88.4 0.3% Gross Margin % 50.2% 42.1% 810 bps 44.7% 45.1% (40) Bps EBIDTA 0.3 1.2 -78.1% 2.2 10.6 -79.4% EBIDTA Mar

  16. Slide 16: Decorative Veneers

    Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) -26.8% -7.3% -27.4% 771 1.05 1.05 0.45 715 0.33 0.45 0.33 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Capacity Production -10.7% -2.0% -12.2% 4.20 4.20 1.75 736 722

  17. Slide 17: Engineered Wooden Floors and Doors

    Consolidated Financial Performance Engineered Wooden Floors and Doors Revenue (INR Crores) EBIDTA (INR Crores) Capacity Utilization 13.0 28% 28% 8.4 9.2 7.3 -1.1 -0.9 18% 16% -1.4 -2.6 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Floors Doors Floors Doors Floors Doors 51.2 29% 43.0 34.5 -3.1 21% -3.3 1

  18. Slide 18: Operating Parameters - Net Working Capital (Days)

    Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days FY19 FY20 90 93 Inventory 88 103 Debtors 50 38 FY19 FY20 Creditors 48 48 Net Working Capital 90 93 17

  19. Slide 19: Return Ratios – ROCE & ROE

    Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores FY19 FY20 17.2% 15.9% 16.8% EBIT 123.2 130.2 PAT 77.1 86.7 FY19 FY20 FY20 (Ex-GSL) Capital Employed 718.3 819.4 Capital Employed (Ex- GSL) 718.3 774.4 ROE Net Worth 428.4 500.7 18.0% 17.3% ROCE 17.2% 15.9% ROCE (Ex-GSL) 17

  20. Slide 20: Debt Position

    Consolidated Financial Performance Debt Position Net Debt-Equity Ratio INR Crores FY19 FY20 0.60 Long Term Debt 0.53 110.7 117.5 (Including current portion) Short Term Debt 159.0 176.7 Total Debt 269.7 294.2 FY19 FY20 Cash & Bank Balance 10.6 30.7 Net Debt-EBIDTA Net Debt 259.1 263.4 Ratio Net Worth

  21. Slide 21: For further information, please contact

    For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L21016AS2013PLC011624 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Mr. Shogun Jain / Ms. Ami Parekh Email: ashok.sharma@greenlam.com shogun.jain@sga

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