Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q4 FY2021 Earnings Presentation
20 slides from Greenpanel Industries's earnings presentation, May 14, 2021
Slide 1: Exchange filing cover letter: Investor Presentation
GREENPANEC GPIL/2021-2022 May 14, 2021 The Manager The Manager BSE Limited National Stock Exchange of India Limited Departmentof Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E), Mumbai-400001 Mumbai - 400051 scrip Code: 542857 Symbol - GREENPAN
Slide 2: Financial Results Presentation Q4 & 12M FY 2021
Greenpanel Industries Limited Financial Results Presentation Q4 & 12M FY 2021
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 number of risks, uncertainties and other factors that could cause actual results to differ materially from those sug
Slide 4: Contents
Contents Financial Highlights Financial Numbers Segment Numbers Segment Performance From the Desk of MD & CEO Company Overview Growth Outlook Manufacturing Facilities
Slide 5: Financial Highlights – Q4 FY2021
Financial Highlights – Q4 FY2021 Net Sales up by 69.2% YoY to Rs. 384.36 crores - Plywood revenues up by 65.4% YoY to Rs. 82.74 crores, contributing 22% of net sales - MDF revenues up by 70.3% YoY to Rs. 301.62 crores, contributing 78% of net sales Gross margins down by 442 bps YoY to 53.8% due to i
Slide 6: Financial Highlights – Q4 FY21 vs Q4 FY20
Financial Highlights – Q4 FY21 vs Q4 FY20 Key ratios (%) Q4 FY21 Q4 FY20 Gross Margin 53.8% 58.2% EBITDA Margin 25.8% 19.1% EBIT Margin 21.7% 12.0% Net Margin 15.1% 2.9% Sales Promotions / Net Sales 0.8% 1.2% Employee Expenses / Net Sales 7.2% 10.3% Logistics Cost / Net Sales 5.9% 5.2% EPS (Rs.) 4.7
Slide 7: Financial Highlights – 12M FY21 vs 12M FY20
Financial Highlights – 12M FY21 vs 12M FY20 Key ratios (%) 12M FY21 12M FY20 Gross Margin 53.9% 54.0% EBITDA Margin 20.7% 16.5% EBIT Margin 14.4% 8.7% Net Margin 7.6% 2.0% Sales Promotions / Net Sales 1.1% 1.1% Employee Expenses / Net Sales 9.3% 11.2% Logistics Cost / Net Sales 5.5% 5.0% EPS (Rs.) 6
Slide 8: Financial Highlights - Assets & Liabilities
Financial Highlights - Assets & Liabilities Balance Sheet snapshot FY 2021 FY 2020 FY 2019 (INR crores) Net Worth 773.46 696.89 680.37 Total Debt 440.88 542.79 578.57 Long Term Debt (Including Current 424.89 470.08 533.16 Maturity) Short Term Debt 15.99 72.71 45.42 Capital Employed 1220.34 1251.
Slide 9: Financial Highlights - Financial Ratios
Financial Highlights - Financial Ratios Key Ratios Q4 FY 2021 Q4 FY 2020 FY 2021 FY 2020 Inventory (days) 55 68 55 68 Debtor (days) 28 31 28 31 Creditor (days) 48 54 48 54 Working Capital Turnover 35 45 35 45 (days) RoE (%) 29.9% 3.8% 9.9% 2.3% RoCE – Pre-Tax 27.3% 5.3% 11.8% 4.9% RoCE – Post-Tax 17
Slide 10: Financial Numbers Q4 FY2021
Financial Numbers Q4 FY2021 Key Financial Numbers Q4 FY 2021 Q2 Q4 FY 2020 Q2 Q2 FY 2021 Q4 Q2 FY 2020 Q4 (in INR (INR crores) crores) (% of Sales) (% of Sales) Sales 384.36 227.19 Other Incomes 5.81 10.12 1.51% 4.45% Material Consumptions Material Consumption 177.69 94.99 46.23% 41.81% Employee Emp
Slide 11: Financial Numbers 12M FY2021
Financial Numbers 12M FY2021 Key Financial Numbers 12M FY 2021 12M FY 2020 12M FY 2021 12M FY 2020 (INR crores) (% of Sales) (% of Sales) Net Sales 1000.21 830.33 Other Income 22.00 31.50 2.20% 3.79% Material Consumption 461.53 381.85 46.14% 45.99% Employee Expenses 92.76 92.78 9.27% 11.17% Other Ex
Slide 12: Segment Numbers Q4 & 12M FY2021
Segment Numbers Q4 & 12M FY2021 Key Segment Numbers Q4 FY 2021 Q4 FY 2020 12M FY 2021 12M FY 2020 (INR crores) Segment Revenue – Plywood 82.82 50.12 217.38 215.94 Segment Revenue – MDF 305.97 186.31 802.59 643.85 Total Revenue 388.79 236.43 1019.97 859.79 Segment Profit/(Loss) - Plywood 14.16 4.27 2
Slide 13: Segment Performance Q4 & 12M FY2021
Segment Performance Q4 & 12M FY2021 Plywood Segment Q4FY21 Q4FY20 Var (%) 12M FY21 12M FY20 Var (%) Net Sales (INR crores) 82.74 50.03 65.4% 217.10 215.46 0.8% EBITDA Margin (%) 15.5% 7.4% 12.4% 11.8% EBIT Margin (%) 13.8% 4.3% 9.7% 8.7% Annual Capacity (million sqm) 10.5 10.5 10.5 10.5 Production (
Slide 14: From the Desk of MD & CEO
From the Desk of MD & CEO Commenting on the performance for Q4 FY2021, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Limited said, Business has gathered further momentum in Q4. MDF sales volumes have grown by 54.4% year-on-year and operating margins have improved by 613 basis
Slide 15: Company Overview
Company Overview Capacity Utilization Production Model Raw Material Return Ratios • Plywood capacity • Plywood – Own Sustainability • Return ratios utilization at 71% manufacturing for • The aim is to improved in spite in 12M FY 2021 domestic markets improve the of impact of Covid Vs. 78% in 12M FY
Slide 16: Company Overview
Company Overview Business Segments Strong Industry Well Entrenched Manufacturing • Plywood and Potential Distribution Facilities allied products • Plywood industry Network • 1 state-of-the-art size - INR 180 • Total number of facility for • Medium Density billion, MDF Distributors-2084, Plywood at F
Slide 17: Growth Outlook
Growth Outlook Industry Product Advertising Financial Distribution IT Initiatives Drivers Profile and Performance Network • Upgraded • More • Focus on Promotional • Negligible • A strong IT expected enhancing Spends de-growth distribution infrastruct constructi value added • Expected in Plywood netw
Slide 18: Manufacturing Facilities
Manufacturing Facilities Plywood Medium Density Fibreboards (MDF) • Pantnagar, Uttarakhand • Pantnagar, Uttarakhand - - 10.50 million square 1,80,000 cubic meters (CBM) meters • Chittoor, Andhra Pradesh - 3,60,000 cubic meters (CBM) • Expanding consolidated capacity by 20% in FY 2022
Slide 19: One Umbrella Brand
One Umbrella Brand fo GREENPANEL MDF + Wood Floors +» Plywood + Veneers * Doors INDIA'S LARGEST WOOD PANEL MANUFACTURER
Slide 20: Thank you!
Mr. V. Venkatramani Chief Financial Officer Greenpanel Industries Limited Corporate Office: Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700 026 Contact: (+91) 97484 00606 / (+91) 033 4084 0600 Email: v.venkat@greenpanel.com Website: www.greenpanel.com Thank you! Mr. Gavin Desa / Mr.
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