Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY2019 Earnings Presentation
19 slides from Greenlam Industries's earnings presentation, Feb 13, 2019
Slide 1: Cover letter to stock exchanges
Greenlam/2018-19 February 13, 2019 Greenlam Industries Limited 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. 02
Slide 2: Result Presentation Q3 & 9MFY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Result Presentation Q3 & 9MFY19 February 2019
Slide 3: Safe Harbour
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenlam Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommen
Slide 4: Greenlam Today
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED CUSTOMER CENTRIC LARGE PORTFOLIO GREENLAM APPROACH SURFACE DÉCOR PRODUCTS TODAY PASSIONATE FOR TRUSTED FOR • Among World’s Top 3 Laminate producers • Asia’s Largest Laminate brand INNOVATION & TRANSFORMING GREENLAM • India’s Largest Exporter of L
Slide 5: Our Product Portfolio
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Our Product Portfolio Decorative Laminate & Allied products Veneer & Allied Decorative Mikasa Mikasa Laminates Compact Panel MFC Veneer Floor Door Standard Compact Natural Panel Veneer Engineered Commodity to Lab Guardian Melamine Engineered Door
Slide 6: Unaudited Consolidated Financials
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Unaudited Consolidated Financials
Slide 7: Consolidated Financial Performance – Q3FY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance – Q3FY19 • Consolidated Net Revenue stood at INR 314 Crores as compared to INR 280 Crores, growth of 12%, Laminate revenue grew 11.5% from INR 235.3 crores in Q3FY18 to INR 262.4 crores in Q3FY19 Domestic la
Slide 8: Consolidated Financial Performance – 9MFY19
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance – 9MFY19 • Consolidated Net Revenue stood at INR 920 Crores as compared to INR 834 Crores, growth of 10.4%, Laminate revenue grew by 8.8% from INR 718.5 crores in 9MFY18 to INR 782.1 crores in 9MFY19 Domesti
Slide 9: Profit and Loss Statement
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Profit and Loss Statement INR Crores Q3FY19 Q3FY18 YoY% 9MFY19 9MFY18 YoY% Net Revenue 314.0 280.3 12.0% 920.5 833.6 10.4% Raw Material 162.2 145.4 484.9 431.2 Gross Profit 151.8 134.9 12.5% 435.6 402.4 8.3% Gro
Slide 10: Balance Sheet
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Balance Sheet INR Crores Sept-18 Mar-18 INR Crores Sept-18 Mar-18 Shareholder’s Fund 386.5 356.1 Non-Current Assets 361.1 352.9 Share capital 12.1 12.1 Fixed assets 336.1 329.8 Reserves & Surplus 374.4 344.1 Goo
Slide 11: Laminates & Allied Segment
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3FY19 Q3FY18 YoY% 9MFY19 9MFY18 YoY% Net Revenue 262.4 235.3 11.5% 782.1 718.5 8.8% Gross Profit 128.3 111.7 14.9% 371.5 341.9 8.7% Gross Margin % 48.9% 47.5% 140 bps 47.5%
Slide 12: Laminates & Allied Segment: Production, Sales, Realisation
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Average Realisation (INR / Sales (Mn Sheets) Sheets) Sheet) +5.8% +0.6% +8.5% 3.51 3.37 3.51 3.57 3.26 3.28 761 701 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY1
Slide 13: Veneers & Allied Segment
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Veneers & Allied Segment INR Crores Q3FY19 Q3FY18 YoY% 9MFY19 9MFY18 YoY% Net Revenue 51.5 45.0 14.6% 138.4 115.1 20.3% Gross Profit 23.4 23.2 0.9% 64.1 60.5 5.9% Gross Margin % 45.5% 51.7% -620 bps 46.3% 52.6%
Slide 14: Decorative Veneers
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) +2.1% +1.9% +0.4% 1.05 1.05 0.49 0.50 706 709 0.48 0.49 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Capacity Pr
Slide 15: Engineered Doors and Floors
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Engineered Doors and Floors Revenue (INR Crores) EBIDTA (INR Crores) Capacity Utilization 0.6 9.1 23% 7.0 18% 6.3 11% 12% 3.9 -1.0 -1.0 -1.3 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Q3FY18 Q3FY19 Floors Doors Floors Doors Fl
Slide 16: Operating Parameters - Net Working Capital Days
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days Q3FY18 Q3FY19 9MFY18 9MFY19 +3 87 90 Inventory 88 97 90 100 Debtors 52 47 53 48 Q3FY18 Q3FY19 +3 89 92 Creditors 53 54 54 55 Net
Slide 17: Return Ratios – ROCE & ROE
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE INR Crores 9MFY18 9MFY19 FY17 FY18 17.8% 16.7% 16.8% 18.3% EBIT 84.6 87.6 104.2 114.6 PAT 46.7 53.4 49.7 64.6 *9MFY18 *9MFY19 FY17 FY18 Capital Employed 629.6 696.9 618.5 627.4 RO
Slide 18: Debt Position
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED Consolidated Financial Performance Debt Position Debt-Equity Ratio INR Crores 9MFY18 9MFY19 FY17 FY18 0.81 1.00 0.68 Long Term Debt 0.71 (Including current 131.3 89.9 137.5 122.1 portion) Short Term Debt 141.9 183.6 161.0 129.6 *9MFY18 *9MFY19 FY
Slide 19: For further information, please contact
PROFITING FROM DISCIPLINE GREENLAM INDUSTRIES LIMITED 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 / Mr. Shrik
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