Greenlam Industries Ltd · NSE:GREENLAM

Greenlam Industries — Q3 FY2021 Earnings Presentation

22 slides from Greenlam Industries's earnings presentation, Feb 2, 2021

  1. Slide 1: Greenlam Industries Limited cover letter to exchanges

    ® Greenlam Industries Limited Greenlam/2020-21 February 02, 2021 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.

  2. Slide 2: Results Presentation Q3 & 9MFY21

    Results Presentation Q3 & 9MFY21 February 02, 2021

  3. Slide 3: 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

  4. Slide 4: Business Updates

    Business Updates Greenlam Industries Limite

  5. Slide 5: Business Updates

    Business Updates  During the quarter we have set up wholly owned subsidiaries in Russia and Poland under the name and style of GREENLAM RUS LLC and GREENLAM POLAND LLC respectively. These subsidiaries shall help us to further strengthen our market position in Russian Federation and Republic of Pola

  6. Slide 6: Business Updates

    Business Updates  Launch of Mikasa Staircase Solutions  Mikasa Doors are now CBRI Certified with 60 minutes of Fire Rating 6

  7. Slide 7: Business Updates

    Business Updates An industry’s 1st initiative Wherein all samples being shipped out from Greenlam Industries Limited plant or branch being delivered to Customers – Architect/Designers/ Contractors/ OEMs & End- Customers, shall follow a strict 3 level hygiene assurance checks ensuring that all Greenl

  8. Slide 8: Un-audited Consolidated Financials Q3 & 9MFY21

    Un-audited Consolidated Financials Q3 & 9MFY21

  9. Slide 9: Key Highlights – Q3FY21

    Key Highlights – Q3FY21  The current quarter saw significant improvement in economic activity as the economy opened up post pandemic lockdown. However, in many international markets like UK, Italy, Thailand, Indonesia, lockdown was reintroduced due to new strains / rising cases of COVID-19  Q3 of

  10. Slide 10: Consolidated Financial Performance – Q3FY21

    Consolidated Financial Performance – Q3FY21  Consolidated Net Revenue for the quarter grew by 15.7% on sequential basis, however it de-grew by 6.5% on y-o-y basis to INR 335 Crores in Q3FY21as compared to INR 358 Crores in Q3FY20  Gross Margin improved by 180 bps to 52.1% in Q3FY21 from 50.3% in Q

  11. Slide 11: Consolidated Financial Performance – 9MFY21

    Consolidated Financial Performance – 9MFY21 • Consolidated Net Revenue for the nine months period ended December 31, 2020 de-grew by 21.3% to INR 784 Crores as compared to INR 997 Crores in 9MFY20 • Gross Margin improved by 150 bps to 50.4% in 9MFY21 from 48.9% in 9MFY20 • Gross margin in absolute t

  12. Slide 12: Consolidated Financial Performance

    Consolidated Financial Performance Profit and Loss Statement Change% INR Crores Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 Q3 YoY Q3 QoQ 9M YoY Revenue 334.6 289.3 160.4 784.3 358.0 996.6 -6.5% 15.7% -21.3% Raw Material 160.3 147.7 80.7 388.6 178.1 509.0 Gross Profit 174.3 141.6 79.7 395.6 179.9 487.

  13. Slide 13: Consolidated Financial Performance – Laminates & Allied Segment

    Consolidated Financial Performance Laminates & Allied Segment Change% Q3 Q3 9M INR Crores Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 YoY QoQ YoY Net Revenue from Operations 295.6 258.5 145.6 699.7 297.0 838.6 -0.5% 14.4% -16.6% Gross Profit 158.7 129.0 73.5 361.2 155.9 419.2 1.8% 23.0% -13.8% Gross M

  14. Slide 14: Laminates & Allied Segment operating data

    Consolidated Financial Performance Laminates & Allied Segment Change% Q3 Q3 9M Particulars Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 YoY QoQ YoY Capacity (Mn Sheets) 3.91 3.91 3.91 11.72 3.91 11.01 - - 6.4% Production (Mn Sheets) 3.98 3.24 1.99 9.21 3.74 10.51 6.6% 23.1% -12.4% Sales (Mn Sheets) 3.9

  15. Slide 15: Veneers & Allied Segment

    Consolidated Financial Performance Veneers & Allied Segment Change% Q3 Q3 9M INR Crores Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 YoY QoQ YoY Net Revenue from Operations 39.0 30.8 14.7 84.6 61.0 158.0 -36.0% 26.6% -46.4% Gross Profit 15.6 12.6 6.2 34.5 24.0 68.4 -34.9% 24.0% -49.6% Gross Margin % 40

  16. Slide 16: Veneers & Allied Segment operating data

    Consolidated Financial Performance Veneers & Allied Segment Change% Q3 Q3 9M Particulars Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 YoY QoQ YoY Capacity (Mn Sqmt) 1.05 1.05 1.05 3.15 1.05 3.15 - - - Production (Mn Sqmt) 0.34 0.20 0.07 0.60 0.46 1.24 -26.2% 71.2% -51.4% Sales (Mn Sqmt) 0.36 0.21 0.08

  17. Slide 17: Engineered Wooden Floors and Doors

    Consolidated Financial Performance Engineered Wooden Floors Change% Q3 Q3 9M INR Crores Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 YoY QoQ YoY Revenue 8.4 9.1 3.3 20.9 15.5 41.9 -45.7% -7.5% -50.2% EBITDA (1.4) (0.7) (1.5) (3.3) (3.7) (6.0) Capacity Utilization 14% 9% 11% 11% 23% 23% Engineered Woode

  18. Slide 18: Net debt and debt position

    Consolidated Financial Performance • Net debt as on December 31, 2020 stood at INR 180 crores as against INR 249 crores as on September 30, 2020, resulting in a reduction of INR 69 crores in the current quarter • Debt Position is as under: INR Crores Q3FY21 Q2FY21 Q1FY21 FY20 Short Term Debt 139 154

  19. Slide 19: Working capital cycle

    Consolidated Financial Performance  Working Capital cycle saw further improvement as under: Amount in Q3FY21 Q2FY21 Q1FY21 Q3FY20 INR Crores Amount Days Amount Days Amount Days Amount Days Inventory 359 98 369 116 412 234 374 95 Debtors 113 31 103 32 122 70 158 40 Creditors 165 45 126 40 151 86 197

  20. Slide 20: Return Ratios – ROCE & ROE

    Consolidated Financial Performance Return Ratios – ROCE & ROE INR Crores Q3FY21 Q2FY21 Q1FY21 9MFY21 Q3FY20 9MFY20 EBIT 45.8 28.0 (4.5) 69.2 42.1 96.8 PAT 32.0 18.5 (7.7) 42.8 29.1 65.0 Capital Employed 818.1 807.1 848.7 818.1 748.5 748.5 Capital Employed (Ex- GSL) 772.7 762.0 803.7 772.7 747.5 747.

  21. Slide 21: Debt Position

    Consolidated Financial Performance Debt Position INR Crores 9MFY21 9MFY20 H1FY21 Net Debt 179.5 237.9 249.5 Net Worth 542.1 487.4 511.0 EBIDTA 106.2 133.0 48.3 Net Debt – Equity Ratio* 0.33 0.49 0.49 Net Debt-EBITDA Ratio* 1.27 1.34 2.58 *Annualized Basis 21

  22. Slide 22: 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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