Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — H1 FY2021 Earnings Presentation
27 slides from Greenlam Industries's earnings presentation, Nov 3, 2020
Slide 1: Greenlam Industries Limited – Result Presentation Cover Letter
Greenlam Industries Limited Greenlam/2020-21 November 03, 2020 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. 0
Slide 2: Results Presentation Q2 & H1FY21
Results Presentation Q2 & H1FY21 November 02, 2020
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
Slide 4: Un-audited Consolidated Financials Q2 & H1FY21
Un-audited Consolidated Financials Q2 & H1FY21
Slide 5: Business Updates
Business Updates We have launched laminates with anti-virus properties which retards and kills upto 99.99% virus With this Greenlam can offer laminates with triple advantage (health & hygiene) features Anti-Virus, Anti-Bacteria & Anti-Fungal This new anti-virus laminate is backed by high frequ
Slide 6: Business Updates
al Ne ABCHHEONE = SE DARR D4 6 Greenlam
Slide 7: Business Updates – Anti-Virus TVC Campaign
Business Updates Greenlam Anti-Virus TVC Campaign 7
Slide 8: Business Updates – Anti-Virus Digital Campaign
Business Updates Greenlam Anti-Virus Digital Campaign TWITTER Desktop YOUTUBE Mobile LINKEDIN Cover 8 Mobile 8
Slide 9: 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
Slide 10: Financial Performance
Financial Performance >) as Greenlam Industries Limited
Slide 11: Consolidated Financial Performance – Q2FY21
Consolidated Financial Performance – Q2FY21 The current quarter saw major relief in national and regional lockdowns which enabled reopening of markets and commercial activities This resulted in revival of demand for our products specially in domestic market. Though demand has improved but our sa
Slide 12: Consolidated Financial Performance – Q2FY21
Consolidated Financial Performance – Q2FY21 Consolidated Net Revenue for the quarter de-grew by 17.1% to INR 289 Crores as compared to INR 349 Crores in Q2FY20 Laminate revenue de-grew by 12.7% to INR 258.5 crores in Q2FY21 from INR 296.0 crores in Q2FY20 Domestic laminate revenue de-grew by 1
Slide 13: Consolidated Financial Performance – Q2FY21
Consolidated Financial Performance – Q2FY21 Gross Margin improved by 190 bps to 48.9% in Q2FY21 from 47.0% in Q2FY20 Gross margin in absolute terms declined by 13.7% to INR 141.6 crores in Q2FY21 as compared to INR 164.2 crores in Q2FY20 EBIDTA margin remained flat at 14.0% in Q2FY21 as compar
Slide 14: Consolidated Financial Performance – Q2FY21
Consolidated Financial Performance – Q2FY21 Net debt for the quarter stood at INR 249 crores as against INR 318 in Q1FY21, resulting in a reduction of INR 69 crores in the current quarter Working Capital cycle saw improvement as compared to Q1FY21, however the same remain elevated as compared to
Slide 15: Consolidated Financial Performance – H1FY21
Consolidated Financial Performance – H1FY21 Consolidated Net Revenue for the half year de-grew by 29.6% to INR 450 Crores as compared to INR 639 Crores in H1FY20 Laminate revenue de-grew by 25.4% to INR 404.1 crores in H1FY21 from INR 541.6 crores in H1FY20 Domestic laminate revenue de-grew by
Slide 16: Consolidated Financial Performance – H1FY21
Consolidated Financial Performance – H1FY21 Gross Margin improved by 100 bps to 49.2% in H1FY21 from 48.2% in H1FY20 Gross margin in absolute terms declined by 28.1% to INR 221.3 crores in H1FY21 as compared to INR 307.7 crores in H1FY20 EBIDTA margin de-grew by 160 bps to 10.7% in H1FY21 from
Slide 17: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Revenue 289.3 349.0 -17.1% 160.4 80.4% 449.7 638.5 -29.6% Raw Material 147.7 184.8 80.7 228.4 330.9 Gross Profit 141.6 164.2 -13.7% 79.7 77.7% 221.3 307.6 -28.1% Gross Margin % 4
Slide 18: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Net Revenue from Operations 258.5 296.0 -12.7% 145.6 77.5% 404.1 541.6 -25.4% Gross Profit 129.0 139.6 -7.6% 73.5 75.5% 202.5 263.3 -23.1% Gross Margin % 49.9% 47.2% 270 bps 50.
Slide 19: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment Particulars Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Capacity (Mn Sheets)* 3.91 3.51 11.3% 3.91 - 7.81 7.01 11.3% Production (Mn Sheets) 3.24 3.51 -7.8% 1.99 62.3% 5.23 6.78 -22.9% Sales (Mn Sheets) 3.23 3.48 -7.1% 1.73 86.7% 5.0
Slide 20: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Net Revenue from Operations 30.8 53.0 -41.8% 14.7 109.3% 45.6 97.0 -53.0% Gross Profit 12.6 24.5 -48.6% 6.2 103.3% 18.8 44.4 -57.6% Gross Margin % 40.9% 46.3% (540) bps 42.1% (120
Slide 21: Decorative Veneer
Consolidated Financial Performance Decorative Veneer Particulars Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Capacity (Mn Sqmt) 1.05 1.05 - 1.05 - 2.10 2.10 - Production (Mn Sqmt) 0.20 0.44 -55.3% 0.07 188.7% 0.26 0.78 -66.2% Sales (Mn Sqmt) 0.21 0.44 -52.5% 0.08 149.2% 0.29 0.75 -61.3% Averag
Slide 22: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q2FY21 Q2FY20 YoY% Q1FY21 QoQ% H1FY21 H1FY20 YoY% Revenue 9.1 14.9 -39.0% 3.3 172.8% 12.4 26.4 -52.9% EBITDA (0.7) (1.1) (1.5) (2.2) (2.4) Capacity Utilization 9% 28% 11% 10% 23% Engineered Wooden Doors INR Crores Q2FY21 Q2FY20 Y
Slide 23: Operating Parameters – Net Working Capital (Days)
Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) In Days Q2FY21 Q2FY20 Q1FY21 H1FY21 H1FY20 Inventory 116 93 234 150 102 Debtors 32 39 70 42 43 Creditors 40 48 86 51 53 Net Working Capital 109 83 218 140 91 23
Slide 24: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE INR Crores Q2FY21 Q2FY20 Q1FY21 H1FY21 H1FY20 EBIT 28.0 34.0 (4.5) 23.5 54.7 PAT 18.5 27.5 (7.7) 10.8 35.9 Capital Employed 807.1 737.7 848.7 807.1 737.7 Capital Employed (Ex- GSL) 762.0 737.7 803.7 762.0 737.7 Net Worth 511.0 458.3 493.5
Slide 25: Debt Position
Consolidated Financial Performance Debt Position INR Crores H1FY21 H1FY20 Q1FY21 Long Term Debt 121.2 100.0 129.4 (Including current portion) Short Term Debt 154.5 162.8 203.0 Total Debt 275.7 262.8 332.4 Cash & Bank Balance 26.2 13.5 14.3 Net Debt 249.5 249.3 318.2 Net Worth 511.0 458.3 493.5 EBIDT
Slide 26: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Sep-20 Mar-20 INR Crores Sep-20 Mar-20 Shareholder’s Fund 511.0 500.7 Non-Current Assets 447.9 463.8 Share capital 12.1 12.1 Fixed assets 428.2 440.4 Reserves & Surplus 499.0 488.6 Goodwill 3.1 3.2 Borrowings 275.7 294.2 Other Non-Current A
Slide 27: 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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