Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q3 FY2020 Earnings Presentation
36 slides from Greenpanel Industries's earnings presentation, Feb 5, 2020
Slide 1: Letter to exchanges: Investor Presentation
GREENPANEf GPtLl2OL9-2O20 5th February 2020 The Manager TheManager BSE Limited National Stock Exchange of lndia [imited Exchange Plaza, Bandra Kuria Complex Department of CorPorate Services Bandra (E), Floor 25, P. J. Towers, Dalai Street Mumbai-400001 Mumbai - 400 051 Scrip Code: 542857 Symbol- GRE
Slide 2: 9M & Q3 FY2020 Results Presentation
Greenpanel Industries Limited 9M & Q3 – FY 2020 RESULTS PRESENTATION
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 a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Contents
Contents Financial Highlights Results and Segment details Segment-wise Performance Management Commentary Company Overview Outlook Annexure
Slide 5: Financial Highlights – Q3 FY20
Financial Highlights – Q3 FY20 Net Sales up by 45% YoY to Rs. 225.31 crores Plywood revenues up by 84.3% YoY to Rs. 58.47 crores, contributing 26% of net sales MDF revenues up by 35.2% YoY to Rs. 166.84 crores, contributing 74% of net sales Gross margins down by 390 bps YoY to 51.2% Due to pri
Slide 6: Financial Highlights – Q3 FY20
5 Financial Highlights – Q3 FY20 Key ratios (%) Q3FY20 Q3FY19 Gross Margin 51.2% 55.1% EBITDA Margin 15.7% 19.0% EBIT Margin 8.4% 9.3% Net Margin 0.6% 8.2% Ad and promotions / Net Sales 0.9% 3.4% Staff Cost/ Net Sales 10.6% 12.6% Logistics cost / Net Sales 5.2% 5.7% EPS (Rs.) 0.11 0.43 NET SALES (Rs
Slide 7: Financial Highlights – 9M FY20 VS 9M FY19
6 Financial Highlights – 9M FY20 VS 9M FY19 Key ratios (%) 9M FY 2020 9M FY 2019 Gross Margin 52.1% 58.7% EBITDA Margin 15.6% 15.6% EBIT Margin 7.4% 7.0% Net Margin 1.6% 7.9% Ad and promotions / Net Sales 1.0% 2.6% Staff Cost/ Net Sales 11.5% 13.6% Logistics cost / Net Sales 5.0% 6.3% EPS (Rs.) 0.78
Slide 8: Financial Highlights – B/S Perspective
7 Financial Highlights – B/S Perspective Balance Sheet Snapshot (Rs. crore) Dec 31, 2019 Dec 31, 2018 March 31, 2019 March 31, 2018 Net worth 689.88 668.00 680.37 636.07 Total debt 534.19 577.20 578.57 451.86 Long Term Debt (Including Current Maturity) 463.18 516.36 533.16 421.38 Short Term Debt
Slide 9: Financial Highlights – Ratios
8 Financial Highlights – Ratios Key Ratios Dec 31, 2019 Dec 31, 2018 March 31, 2019 March 31, 2018 Inventory (days) 58 98 84 48 Debtor (days) 26 34 33 27 Creditor (days) 41 51 52 41 Working Capital Turnover (days) 43 81 65 34 RoE (%) 0.8% 7.6% 6.5% 15.8% RoCE – Pre-Tax 6.1% 4.6% 3.6% 13.2% RoCE – Po
Slide 10: Financial Results 9M & Q3 - FY2020 - Standalone
9 Financial Results 9M & Q3 - FY2020 - Standalone Q3 Q2 Q3 9M 9M 12M Particulars (Rs. in lacs) 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Income a) Revenue from operations 23,412.05 18,549.74 15,900.55 62,335.62 41,312.76 58,731.41 b) Other income (16.30) 70.26 17.44 116.67 81
Slide 11: Financial Results 9M & Q3 - FY2020 - Consolidated
10 Financial Results 9M & Q3 - FY2020 - Consolidated Q3 Q2 Q3 9M 9M 12M Particulars (Rs. in lacs) 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Income a) Revenue from operations 23,558.55 19,209.31 16,135.24 63,879.53 42,431.27 59,911.39 b) Other income 60.90 11.89 20.14 125.03 8
Slide 12: Segmental Performance 9M & Q3-FY2020 - Standalone
11 Segmental Performance 9M & Q3-FY2020 - Standalone Q3 Q2 Q3 9M 9M 12M Particulars (Rs. in lacs) 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Segment Revenue a) Plywood and allied products 5,852.96 5,548.56 3,171.99 16,581.50 10,085.87 14,150.27 b) Medium density fibreboards an
Slide 13: Segmental Performance 9M & Q3-FY2020 - Consolidated
12 Segmental Performance 9M & Q3-FY2020 - Consolidated Q3 Q2 Q3 9M 9M 12M Particulars (Rs. in lacs) 31.12.2019 30.09.2019 31.12.2018 31.12.2019 31.12.2018 31.03.2019 Segment Revenue a) Plywood and allied products 5,852.96 5,548.56 3,171.99 16,581.50 10,085.87 14,150.27 b) Medium density fibreboards
Slide 14: Segment Wise Performance
13 Segment Wise Performance Particulars Plywood Q3FY20 Q3FY19 Var (%) 9M FY20 9M FY19 Var (%) Net sales (Rs crore) 58.47 31.72 84.3% 165.42 100.85 64.0% EBITDA margin (%) 11.5% 9.6% 13.2% 11.8% EBIT margin (%) 8.6% 5.2% 10.0% 7.7% Annual capacity (million sqm) 10.5 10.5 10.5 10.5 Production (million
Slide 15: Managing Director & CEO’s Message
14 Managing Director & CEO’s Message Commenting on the performance for Q3 FY2020, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Ltd. said, “We had a good quarter with performance improving significantly in terms of MDF sales volumes. MDF sales volumes increased by 47% y-o-y an
Slide 16: Company Overview
15 Company Overview Capacity Utilization • Plywood – Improved capacity utilization at 81% in 9M FY 2020 Vs. 55% in 9M FY 2019 • MDF capacity utilization was 56% in 9M FY 2020 Vs. 48% in 9M FY 2019 Production Model • Plywood – Targeting 80% Capacity Utilisation for FY 2020 in domestic markets. • MDF
Slide 17: Company Overview
16 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, Changes in Anti-dumping rules, stric
Slide 18: Growth Outlook
17 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 • 50% growth in Plywood in FY 2020 Performance • 45% growth in MDF in FY 2020 • Expecte
Slide 19: Annexure
Annexure
Slide 20: Manufacturing Facilities
19 Manufacturing Facilities PLYWOOD MDF Facilities Capacity Capacity Location Location (mn sqm.) (cbm.) Pantnagar, Uttarakhand 10.50 Pantnagar, Uttarakhand 180,000 Chittoor, Andhra Pradesh 360,000 Total Capacity 10.50 Total Capacity 540,000
Slide 21: One Umbrella Brand
One Umbrella Brand @ GREENPANEL GP cREENPANEL
Slide 22: Product Range
21 Product Range MDF Plywood Veneers Wood Floors Doors • Club Grade HDWR • Club Grade • Naturemax • Prima • Commercial • Pre-Laminated MDF Plywood • Spectrumwood Collection(AC3/AC4) • Decorative • CARB/E1 • BWP Plywood • Royale • Persona • Exterior Grade • MR Grade Plywood • Black Forest Collection(
Slide 23: Greenpanel MDF – The Versatile Product
22 GREENPANEL MDF – T H E V E R S AT I L E P R O D U C T • Uniform density, homogenous construction • Precise Routing, Machining & Finishing • Intricate a n d clean cut lattice patterns, high quality laser e ngrav ing • Perfect for surface finished such a s painting, polishing a n high gloss • Lamin
Slide 24: Club Grade HDHMR – Product Innovation at Its Best
23 CLUB GRADE HDWR – PRODUCT INNOVATION AT ITS B E S T H IGH DENSITY WATER R E S I S TA N T EXTRA S T R ONG T ERM IT E, B O R E R & FUNGUS RESISTANT FIBRE INTERLOCKING TECHNOLOGY GERMAN T E C H N O LO GY H O M O G E N EO U S CONSTRUCTION
Slide 25: Pre-Laminated MDF – Convenience
24 PRE- LAMINATED MDF – CONVENIENCE M E E T S STUNNING IN T ER IORS Greenpanel Pre-Laminated MDF comes in a r ang e of stylish, decorative designs in plain solid colours, wood grains a n d textured finishes.
Slide 26: Greenpanel Wood Floors
G R E E N PA N E L W O O D F L O O R S T H E G R E E N PA N E L W O O D F L O O R S A D V A N TA G E U p to P e r m a Click Scratch Hygienic & E a s y Water 1 0 0 HDF Interlocking S y s t e m R esistant To M a i n t a i n Resistant B a s e Core 15 Years w a r r an ty
Slide 27: Greenpanel Veneers
26 G R E E N PA N E L V E N E E R S N AT U R E M A X Naturem ax Decorative Veneers from Greenpanel. These Veneers are m a d e from exclusively hand-picked wood species from so m e of the most exotic forests from all over the world. Elegant a n d abstract in design these veneers are sure to lend a to
Slide 28: Spectrum Wood Veneer
27 SPECTRUM WOOD V E NE E R Greenpanel Spectrumwood Veneer combines natural timber b a s e a n d aesthetic designs. Available in wide variety of s h a d es a n d textures, these certified veneers are ideal for application inside the house. The imported b a s e is m a d e of composed core a n d is ov
Slide 29: Greenpanel Plywood
28 G R E E N PA N E L PLYWOOD Moisture Resistant Boiling Wa t e r P LY W O O D Club P ly w o o d Plywood P r o o f Plywood Most advanced machiner y and • St ro n g • S t ro n g • S t ro n g a n d durable specifications, along with strict • Uniform Thickness • Uniform Thickness • Lifetime gu arante e
Slide 30: Doors – Buy and Fit!
29 DOORS – BU Y A N D FIT! Greenpanel Doors are solid wood doors available a s Commercial Doors with hardwood face a n d Decorative doors with Natural/Teak/Recon face a n d laminated face W e also offer customized doors catering to the specific requirements of Architects.
Slide 31: Retail Branding
30 Retail Banding
Slide 32: Magazine Advertising
31 Magazine Advertising CP creenpaner Naturemax NATURAL VENEERS
Slide 33: Magazine Advertising
| 32 Magazine Advertising CP creenpaner mR a nD %) (#) => (& ©) OS _ WARRANTY EEE
Slide 34: Digital Marketing
Digital Marketing Happy ldre ee _ © Ha ror aoe i 33
Slide 35: Merchandise
34 Merchandise CP creenpaner CET A) ay
Slide 36: Thank You
35 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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