Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q1 FY2025 Earnings Presentation
34 slides from Greenply Industries's earnings presentation, Jul 31, 2024
Slide 1: Stock exchange submission letter
I Greenply/2024-25 July 31, 2024 ~ HAR. ZAR.UR.AT KA R.EPLY The Manager The Manager BSE Limited National Stock Exchange of Ind ia Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dala l Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Cod
Slide 2: Analyst Presentation Q1 & FY 2025
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q1 & FY 2025 31st July 2024 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply 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 se
Slide 4: Contents
Contents Key Highlights Financial & Operating Performance Corporate Overview Strategic Initiatives 3
Slide 5: Key results highlights - Consolidated
Key results highlights- Consolidated % Change % Change Particulars Q1 FY25 Q1 FY24 Q4 FY24 Y-o-Y Q-o-Q Revenue (Rs Crs) 584 430 35.7% 599.8 -2.7% Adj. Core EBITDA* (Rs Crs) 58 29 101.6% 59.4 -2.2% Adj. Core EBITDA % 10.0% 6.7% +330 bps 9.9% + 10 bps PAT (Rs Crs)** 33 6 468.2% 32.0 3.6% Excluding non
Slide 6: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change Particulars Q1 FY25 Q1 FY24 Q4 FY24 Y-o-Y Q-o-Q Sales Volume (MSM) 17.7 16.3 8.6% 18.8 -6.1% Realisation (Rs/MSM) 245 249 -1.4% 244 0.3% Revenue Plywood & Allied products 433 404 7.1% 460 -5.
Slide 7: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business MDF Realisation Comparison % Change % Change % Change Particulars Q1 FY25 Q1 FY24 Q4 FY24 Particulars Q1 FY25 Q1 FY24 Q4 FY24 Q-o-Q Y-o-Y Q-o-Q Sales Volume (CBM) 42,724 6,062 45,764 -6.6% MDF Sales Volume (CBM) 35,492 6,062 485% 40,701 -13% R
Slide 8: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 7
Slide 9: Consolidated P&L - Q1 FY25
Consolidated P&L -Q1 FY25 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 35.7% -2.7% 33.7% 2.8% 700 600 250 231 238 50.0% 178 500 200 40.0% 41.3% 38.6% 40.7% 400 150 30.0% 600 584 100 20.0% 300 430 200 50 10.0% 100 0 0.0% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 Adj. Core EBITDA*- Rs.
Slide 10: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 300 264 50 400 348 100 300 273 100 247 350 237 250 250 224 40 291 80 250 47 38 300 257 80 40 54 53 200 250 200 30 60 50 60 150 200 45 150 20 150 40 38 43 40 100 100 100 20 50 10 20 50
Slide 11: Plywood Business P&L - Q1 FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-Q1 FY25 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 9.6% -3.4% 4.7% -0.2% 500 468 452 200 412 171 171 50.0% 400 163 150 40.0% 300 39.5% 37.8% 30.0% 100 36.6% 200 20.0% 100 50 10.0% 0 0 0.0% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 A
Slide 12: Plywood Business Ratios
Plywood Business^ (Standalone +Subsidiaries) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 250 42 300 266 60 300 52 183 252 200 192 41 235 51 51 200 250 225 50 250 212 41 204 52 45 50 41 200 40 200 49 150 40 45 48 150 30 150 40 47 100 100 47
Slide 13: Plywood Business Operating Metrics Q1 FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics Q1 FY25 Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 39% 40% 37% 80% 31% 33% 31% 1% 5% 2% 1% 60% 6% 3% 60% 40% 40% 55% 57% 62% 64% 65% 69% 20% 20% 0% 0% Q1 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q4 FY24 Q1 FY25 Manufacturing
Slide 14: MDF P&L - Q1 FY25
MDF P&L- Q1 FY25 Revenue- Rs. Crores Gross Profit- Rs. Crores 660.8% 0.5% 140 131 132 80 100% 120 67 70 82% 59 100 60 80% 80 50 60% 60 40 40 17 30 40% 20 15 51% 20 20% - 10 45% Q1 FY24 Q4 FY24 Q1 FY25 0 0% Q1 FY24 Q4 FY24 Q1 FY25 Adj. Core EBITDA*- Rs. Crores, Margin % PAT- Rs. Crores 19 22 2.4 4.3
Slide 15: MDF Business Ratios
MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 70 64 45 100 60 25 21 16 44 55 44 82 66 15 60 57 50 14 43 80 46 20 50 12 42 40 15 60 15 10 10 40 41 30 8 30 39 40 40 10 6 20 39 20 4 38 5 20 10 2 10 37 0 0 0 36 0 0 Mar-24 Jun-24 Mar-
Slide 16: Consolidated Profit & Loss Statement Q1 FY25
Consolidated Profit & Loss Statement Q1 FY25 Statement of Consolidated Profit and Loss for the three Months ended 30 June 2024 Corresponding Three months Previous Three Three months Year ended Sr. ended months ended Particulars ended 30.06.2023 in 31.03.2024 No. 30.06.2024 31.03.2024 the previous ye
Slide 17: Corporate Overview
CORPORATE OVERVIEW 16
Slide 18: Greenply at a glance
Greenply at a glance 35+ Listed in NSE & Wood based products - One of the largest E-0 Interior Years of experience BSE-Rs. ~4000 Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap (upcoming)
Slide 19: 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 MDF
Slide 20: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 30th June 2024 Shareholding Pattern- 30th June 2024 Shareholding Major Institutional Shareholders % 12.44% Mirae Asset Mutual Fund 12.74 HDFC Mutual Fund 7.10 Tata Mutual Fund 4.87 Bandhan Mutual Fund 1.83 52.01% SBI Contra Fu
Slide 21: Our Products: Interior MDF
Our Products INTERIOR MDF APPLICATIONS It can be used for interior purposes such as furniture, Exhibition, Furniture, handcrafts, Moulded and Shaped Parts (traditional furniture). Various other items like Handicraft Items/Toys Cabinets, Wall Cladding, Wall Panelling, False Ceiling, Wardrobes, Booksh
Slide 22: Our Products: Exterior MDF
Our Products EXTERIOR MDF APPLICATIONS Ideal for use in kitchen and bathrooms as well as for windows, and double glazing in fills shoe heels etc. Greenply's Exterior Grade Range (IS grade I) is the perfect solution for highly humid environments where dimensional stability is non-negotiable. With exc
Slide 23: Our Products: HDMR 710 MDF
Our Products HDMR 710 MDF APPLICATIONS kitchen cupboards, bathroom vanities, laundry cupboards, shelving, and other places that are prone to moisture. Resisting expansion & contraction brought on by high- humid conditions, Greenply's HDF has a homogeneous structure that ensures uniform strength thro
Slide 24: Our Products: Pre-Laminated MDF
Our Products PRE - LAMINATED MDF APPLICATIONS With a unique surface finish, these boards come in a wide range of colours, textures, and finishes, making them the first choice of customers. Greenply's pre-laminated MDF boards come in both interior and exterior grades, with the exterior grade designed
Slide 25: Our Products: Boil Pro 500 MDF
Our Products Boil Pro 500 MDF APPLICATIONS A game-changer that redefines the norms of protection and resilience. Meticulously crafted using HydroFireBloc Technology, a revolutionary blend of hydro-repellent and fire-retardant elements, these fire-retardant as well waterproof MDF boards pack innovati
Slide 26: Our Products: CARB P2 MDF
Our Products CARB P2 MDF APPLICATIONS A true marvel born from the amalgamation of state-of-the-art technology and a wealth of industry knowledge spanning decades. Developed within Greenply's cutting-edge facility, these pieces of exceptional MDF sheets redefine the very essence of zero-emission mate
Slide 27: Expanding our ESG footprints
Expanding our ESG footprints
Slide 28: Brand Campaign - TV Campaign
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels KO O= Cres jung 2€e 4 Mn Reach thru TV Puyo Panda sibility Digital Patter ms
Slide 29: Brand Campaign - OOH Visibility
Brand Campaign - Driving Brand Saliency afi, [ OOH Visibility through High Impact Sites & Innovation — Ga 300+ Sites Se : un Faas] 3 airport Branding Metro Train Branding = 3D Display oe Z Anamorphic Display
Slide 30: Brand Campaign - Social Media Engagement
Brand Campaign — SM Engagement, Reach & Consideration through Digital of, Teaser | Product Communication| Contextual & Moment Communication CREATE YOUR DREAM HOME WITH ®) Wo HARMFUL ) GASES (@) No IRRITATING (@& smeit ») HEALTHY INTERIORS
Slide 31: Hero Zone at Select Outlets and In-shop Communication
Hero Zone at Select Outlets — 30+ | In-shop Comm —1200+ outlets | Brand Campaign | Launch Event — 120+ dealer Engaged
Slide 32: 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 31
Slide 33: 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 32 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 34: Thank You!
For further information, please contact: Registered Office : Madgul Lounge, 6th Floor 23 Chetla Central Road, Chetla Kolkata - 700027, West Bengal, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.com Thank You! 33
Greenply Industries — Q1 FY2025 Earnings Presentation on 6ix