Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q4 FY2025 Earnings Presentation
34 slides from Greenply Industries's earnings presentation, Apr 28, 2025
Slide 1: Exchange filing cover letter
, ~ HAR ZARURAT KA REPLY Greenply/2025-26 April 28, 2025 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 52
Slide 2: Analyst Presentation Q4 & 12M FY2025
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q4 & 12M FY2025 28th April 2025 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 3
Slide 5: Key Highlights
Key Highlights 4
Slide 6: Key results highlights- Consolidated
Key results highlights- Consolidated Figures in Rs crs % Change % Change % Change Particulars Q4 FY25 Q4 FY24 Q3 FY25 FY25 FY24 Y-o-Y Q-o-Q Y-o-Y Revenue 649 600 8.2% 614 5.6% 2,488 2,180 14.1% Core EBITDA 68 58 18.1% 54 26.0% 238 187 27.2% Core EBITDA % 10.5% 9.6% + 90 bps 8.8% +170 bps 9.6% 8.6% +
Slide 7: Key results highlights- Consolidated debt position
Key results highlights- Consolidated Change Change Consolidated Debt position (Rs/Crores) Mar’25 Dec'24 Mar'24 Q-o-Q Y-o-Y Ply Business (GIL+Sandila+Alishan) 102 88 14 114 -12 MDF Business (GSPPL)* 386 376 11 410 -24 Total Gross Debt 488 464 24 525 -36 Net Debt 464 413 51 502 -39 Equity 809 785 24 7
Slide 8: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q4 FY25 Q4 FY24 Q3 FY25 FY25 FY24 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 19.7 18.8 4.9% 18.2 8.1% 75.86 71.92 5.5% Realisation (Rs/MSM) 253 244 3.6% 257 -1.4% 252 247 1.7%
Slide 9: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business % Change % Change % Change Particulars Q4 FY25 Q4 FY24 Q3 FY25 FY25 FY24 Y-o-Y Q-o-Q Y-o-Y Sales Volume (CBM) 42,688 45,764 -6.7% 42,259 1.0% 1,68,264 1,24,772 34.9% Realisation (Rs/CBM) 31,759 28,640 10.9% 31,850 -0.3% 31,399 29,279 7.2% Reve
Slide 10: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 9
Slide 11: Consolidated P&L –Q4 FY25
Consolidated P&L –Q4 FY25 Revenue growth of 8.2% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 8.2% 5.6% 16.5% 9.4% 700 600 300 38.6% 40.1% 41.5% 50.0% 500 250 40.0% 200 30.0% 400 649 150 600 614 246 269 20.0% 300 100 231 200 50 10.0% 100 0 0.0% Q4FY24 Q3 FY25 Q4 FY25 Q4FY24 Q3 FY25 Q4 F
Slide 12: Consolidated P&L – FY25
Consolidated P&L – FY25 Revenue growth of 14.1% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 14.1% 16.1% 1200 50.0% 3,000 2,488 39.7% 40.3% 2,180 1000 40.0% 2,500 800 2,000 30.0% 1,500 600 864 1003 20.0% 1,000 400 500 200 10.0% - 0 0.0% FY24 FY25 FY24 FY25 Core EBITDA- Rs. Crores, Margi
Slide 13: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 350 44 44 50 600 100 350 100 300 76 34 40 500 80 300 61 80 250 400 58 250 200 30 60 47 60 300 200 42 42 150 20 40 150 200 40 100 100 10 100 20 50 348 409 518 20 264 227 306 50 0 0 0 0
Slide 14: Plywood Business P&L-Q4 FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-Q4 FY25 Revenue growth of 9.8% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 9.8% 13.7% 7.1% 600 513 220 5.0% 50.0% 468 479 38.7% 500 200 36.6% 37.9% 400 40.0% 180 300 30.0% 200 160 195 185 100 140 171 20.0% 0 120 10.0% Q4 FY24 Q3 FY25 Q
Slide 15: Plywood Business P&L- FY25
Plywood Business^ (Standalone + Subsidiaries) P&L- FY25 Revenue growth of 8.1% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 8.1% 8.5% 2,200 400 40.0% 1,959 1,900 1,812 37.6% 37.7% 370 30.0% 1,600 340 20.0% 1,300 1,000 310 10.0% 680 739 700 280 0.0% FY24 FY25 FY24 FY25 Core EBITDA- Rs.
Slide 16: Plywood Business Ratios
Plywood Business^ (Standalone +Subsidiaries) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 300 60 500 100 350 56 60 49 79 250 40 50 400 80 300 51 55 37 65 47 200 40 250 50 54 300 60 200 150 30 45 261 425 150 268 300 200 40 235 40 100 200 20 3
Slide 17: Plywood Business Operating Metrics Q4 FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics Q4 FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 40% 43% 44% 80% 33% 34% 35% 60% 2% 0% 0% 3% 0% 0% 60% 40% 40% 57% 57% 56% 65%
Slide 18: Plywood Business Operating Metrics FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 41% 42% 80% 33% 34% 60% 60% 3% 0% 4% 0% 40% 40% 55% 58% 64% 66% 20% 20%
Slide 19: MDF P&L- Q4 FY25
MDF P&L- Q4 FY25 Revenue growth of 3.4% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 3.4% 0.7% 55% 160.0 80 60% 131.1 134.6 135.6 45% 45% 140.0 50% 120.0 60 40% 100.0 40 30% 80.0 74 59 61 20% 60.0 20 40.0 10% 20.0 0 0% Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Core EBITDA- Rs. Crores, Marg
Slide 20: MDF P&L - FY25
MDF P&L - FY25 Revenue growth of 44.6% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 44.6% 44.0% 600.0 528.3 300.0 60.0% 500.0 250.0 49.9% 49.9% 50.0% 400.0 365.3 200.0 40.0% 300.0 150.0 30.0% 200.0 100.0 20.0% 100.0 50.0 183.6 264.4 10.0% - - 0.0% FY24 FY25 FY24 FY25 Core EBITDA- Rs. Crores, Mar
Slide 21: MDF Business Ratios
MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 70 44 50 100 62 70 15 57 25 16 60 60 14 40 80 46 20 11 50 50 10 12 29 30 60 15 10 40 21 40 8 30 20 40 30 10 6 20 20 5 4 10 20 15 16 23 2 10 10 64 32 44 82 69 93 0 0 0 0 0 0 Mar-24 Dec
Slide 22: Updates on the Furniture Hardware JV- Greenply Samet
Updates on the Furniture Hardware JV- Greenply Samet • Financial performance – Q4 FY’25 • Revenue at Rs 3.8 crores. (100%) • PAT loss of Rs 8.6 Crores (50% our share) • PAT loss for Q4 FY’25 includes investment towards brand promotion expenditure. • Equity Investment till date Rs 75 Crs by GIL. Hing
Slide 23: Corporate Overview
CORPORATE OVERVIEW 22
Slide 24: 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. ~4900 Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap Best Green
Slide 25: Manufacturing Excellence
Manufacturing Excellence MDF Manufacturing Capacity Kriparampur, West Bengal Plywood & allied Capacity Manufacturing Location (Mn SqM pa) Location (CBM pa) Vadodara, Gujarat 2,40,000 Bamanbore, Gujarat 20.20 Sandila, Lucknow (U.P.) 13.50 Kriparampur, West 11.00 Bengal Vadodara Mfg. Units Tizit, Naga
Slide 26: Key Business Moats
Key Business Moats Industry First Innovations Promise of delivering quality, every time Quality is Pressing technology to ensure defect free guaranteed calibrated product Global & Domestic Certifications Industry First Influencer Initiatives Rewarding Craftsmanship of Taking care of Driving sustaina
Slide 27: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 31st March 2025 Shareholding Pattern- 31st March 2025 Major Institutional Shareholders Shareholding % 11.84% *Mirae Asset Mutual Fund 12.63 HDFC Mutual Fund 7.03 Tata Mutual Fund 5.09 51.69% 31.05% Canara Robeco Mutual Fund 2.
Slide 28: 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 27 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 29: Digital & PR Awareness
Digital & PR Awareness | rat , Plywood | Timber | Laminates | MDF/Particle Board | Machinery | Furniture otnsreacry Embrace festivities glazed with joy! _ 2 oN 128) Te eS reenply CARB P2 MOF MR. SANIDHYA MITTAL, = JOINT MANAGING DIRECTOR, GREENPLY INDUSTRIES LTD dd eauty your imeiors Pure surface fi
Slide 30: Hindustan Ki Shaan Season 2
Hindustan Ki Shaan Season 2 Total Reach: 2.1 Mn+| New Contractors Added : 60,000 | Nominations Received : 5,660
Slide 31: In-Shop Visibility & Dealer Engagement
In-Shop Visibility & Dealer Engagement Retail Visibility – across 1100 counters New Year Merchandise – 1100+ dealers engaged Holi Festive Engagement – 1400+ dealers engaged
Slide 32: Brand Campaign - Driving Brand Saliency
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels XX, Cow Crrictures NB — Epc y SIE ‘x 4WMn ; 2 Reach thru TV GA inaiay BR
Slide 33: Awards & Recognition
Awards & Recognition Great Place to Work-Three times India’s Most trusted Brand- Best Green Manufacturing Economic Times Sustainable in a row (2020, 2021, 2022) 2022 Company- 2022 Organisations Award - 2023 32
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
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