Greenpanel Industries Ltd · NSE:GREENPANEL

Greenpanel Industries — Q1 FY2020 Earnings Presentation

19 slides from Greenpanel Industries's earnings presentation, Jun 30, 2019

  1. Slide 1: Greenpanel Industries Limited Q1 FY20 Results Presentation

    Greenpanel Industries Limited Q1 FY20 RESULTS PRESENTATION

  2. 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

  3. Slide 3: Contents

    Contents Financial Highlights Results and Segment details Segment-wise Performance Management Commentary Company Overview Outlook Annexure

  4. Slide 4: Financial Highlights – Q1 FY20

    Financial Highlights – Q1 FY20 Net Sales up by 60% YoY to Rs. 198.44 crores  Plywood revenues up by 56.7% YoY to Rs. 51.58 crores, contributing 26% of net sales  MDF revenues up by 61.1% YoY to Rs 146.86 crores, contributing 74% to net sales Gross margins down by 960 bps YoY to 50.2%  Due to pric

  5. Slide 5: Financial Highlights – Q1 FY20

    5 Financial Highlights – Q1 FY20 Key ratios (%) Q1FY20 Q1FY19 Gross Margin 50.2% 59.8% EBITDA Margin 13.9% 20.8% EBIT Margin 6.1% 14.9% Net Margin 1.4% 11.4% Ad and promotions / Net Sales 0.8% 1.9% Staff Cost/ Net Sales 11.1% 12.9% Logistics cost / Net Sales 4.6% 6.2% EPS (Rs.) 0.22 1.15 NET SALES G

  6. Slide 6: Financial Highlights – FY19 vs FY18

    6 Financial Highlights –FY19 VS FY18 Key ratios (%) FY 2019 FY 2018 Gross Margin 56.1% 58.3% EBITDA Margin 16.8% 22.4% EBIT Margin 8.0% 18.6% Net Margin 7.7% 13.0% Ad and promotions / Net Sales 1.9% 2.4% Staff Cost/ Net Sales 13.1% 9.7% Logistics cost / Net Sales 6.0% 6.1% EPS (Rs.) 3.60 8.20 NET SA

  7. Slide 7: Financial Highlights – B/S Perspective

    7 Financial Highlights – B/S Perspective Balance Sheet Snapshot (Rs. crore) June 30, 2019 June 30, 2018 March 31, 2019 March 31, 2018 Net worth 683.07 650.11 680.37 636.07 Total debt 566.48 532.61 578.57 451.86  Long Term Debt (Including Current Maturity) 495.66 465.69 533.16 421.38  Short Term De

  8. Slide 8: Financial Highlights – Ratios

    8 Financial Highlights – Ratios Key Ratios June 30, 2019 June 30, 2018 March 31, 2019 March 31, 2018 Inventory (days) 62 95 84 48 Debtor (days) 26 34 33 27 Creditor (days) 43 53 52 41 Working Capital Turnover (days) 45 76 65 34 RoE (%) 1.6% 8.7% 6.5% 15.8% RoCE – Pre-Tax 3.9% 6.3% 3.6% 13.2% RoCE –

  9. Slide 9: Financial Results Q1 FY20

    9 Financial Results Q1 FY20 Particulars (Rs. in lacs) 3M 30.06.2019 3M 31.03.2019 3M 30.06.2018 12M 31.03.2019 Income a) Revenue from operations 20,373.83 17,418.65 12,749.92 58,731.41 b) Other income 62.71 1,199.39 28.72 1,280.70 Total Income 20,436.54 18,618.04 12,778.64 60,012.11 Expenses a) Cost

  10. Slide 10: Segmental Performance – Q1 FY20

    10 Segmental Performance – Q1 FY20 Particulars (Rs. in lacs) 3M 30.06.2019 3M 31.03.2019 3M 30.06.2018 12M 31.03.2019 Segment Revenue a) Plywood and allied products 5,179.98 4,064.40 3,292.53 14,150.27 b) Medium density fibreboards and allied products 15,193.85 13,354.25 9,457.39 44,581.14 Total Rev

  11. Slide 11: Segment Wise Performance

    11 Segment Wise Performance Particulars Plywood Q1FY20 Q1FY19 Var (%) FY19 FY18 Var (%) Net sales (Rs crore) 51.58 32.93 56.6% 141.16 300.46 (53.0%) EBITDA margin (%) 16.3% 14.9% 12.7% 14.6% EBIT margin (%) 13.5% 10.2% 8.7% 11.7% Annual capacity (million sqm) 10.5 10.5 10.5 10.5 Production (million

  12. Slide 12: Managing Director's Message

    12 Managing Director’s Message Commenting on the performance for Q1 FY2020, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Ltd. said, We are targeting improved capacity utilisation in future quarters to increase topline and improve the margins. We are also expecting increasing

  13. Slide 13: Company Overview

    13 Company Overview Capacity Utilization • Plywood – Improved capacity utilization at 77% • MDF capacity utilization was 60% in the first quarter and we are targeting 68% for FY 2020. Production Model • Plywood – Targeting 80% Capacity Utilisation for FY 2020 in domestic markets. • MDF – Exports hav

  14. Slide 14: Company Overview

    14 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, GST implementation, and 100 smart c

  15. Slide 15: Growth Outlook

    15 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 • 35% growth in Plywood in FY 2020 Performance • 60% growth in MDF in FY 2020 • Expecte

  16. Slide 16: Annexure

    Annexure

  17. Slide 17: Manufacturing Facilities

    17 Manufacturing Facilities PLYWOOD MDF Facilities Capacity Capacity Location Location (mn sqm.) (cum.) Pantnagar, Uttarakhand 10.50 Pantnagar, Uttarakhand 180,000 Chittoor, Andhra Pradesh 360,000 Total Capacity 10.50 Total Capacity 540,000

  18. Slide 18: One Umbrella Brand

    18 One Umbrella Brand CP creenpaner GREENPANEL”

  19. Slide 19: Thank You

    19 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

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