Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q1 FY2021 Earnings Presentation
21 slides from Greenlam Industries's earnings presentation, Jul 28, 2020
Slide 1: Greenlam Industries Limited – Result Presentation Cover Letter
Greenlam/2020-21 July ze, 2020 Greenlam Industries Limited The Manager, The Manager, BSELimited 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. 022-227
Slide 2: Results Presentation Q1 FY21
Results Presentation Q1 FY21 July 28, 2020
Slide 3: Safe Harbour
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, recommendation or invitation to purchase or subscribe for any
Slide 4: A belief driven by our values to thrive improvement across business segments
Its a belief driven by our values to thrive improvement across business segments 3
Slide 5: Our 'bettering' culture is visible in..
Our ‘bettering’ culture is visible in.. Marketing Product Service Solutions Manufacturing Network Infrastructure People Financials 4
Slide 6: 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 7: Un-audited Consolidated Financials Q1 FY21
Un-audited Consolidated Financials Q1 FY21
Slide 8: COVID-19 Impact & Response
COVID – 19 Impact & Response COVID-19 pandemic has resulted in lockdowns by various countries including India leading to severe disruption in business in domestic as well as international markets Our Behror and Nalagarh plants were forced to shut down on March 22 and 24, 2020 respectively Post
Slide 9: COVID-19 Impact & Response
COVID – 19 Impact & Response Undertaken TVC advertisement after a long time span. These TVC are aimed at highlighting anti-bacterial properties of the laminates which Greenlam has been producing since last 10 years. Apart from anti-bacterial certifications, Greenlam’s products confirms to many g
Slide 10: Consolidated Financial Performance – Q1FY21
Consolidated Financial Performance – Q1FY21 Consolidated Net Revenue for the quarter de-grew by 44.6% to INR 160.4 Crores as compared to INR 289.5 Crores in Q1FY20 Laminate revenue de-grew by 40.7% to INR 145.6 crores in Q1FY21 as compared to INR 245.6 crores in Q1FY20 Domestic laminate revenu
Slide 11: Consolidated Financial Performance – Q1FY21
Consolidated Financial Performance – Q1FY21 Gross Margin improved by 20 bps to 49.7% in Q1FY21 from 49.5% in Q1FY20 Gross margin in absolute terms declined by 44.4% to INR 79.7 crores in Q1FY21 as compared to INR 143.5 crores in Q1FY20 EBIDTA margin de-grew by 540 bps to 4.9% in Q1FY21 from 10
Slide 12: Consolidated Financial Performance – Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q1FY21 Q1FY20 YoY% Q4FY20 Revenue 160.4 289.5 -44.6% 324.0 Raw Material 80.7 146.1 161.4 Gross Profit 79.7 143.5 -44.4% 162.6 Gross Margin % 49.7% 49.5% 20 bps 50.2% Employee Cost 40.8 52.3 58.6 Other Expenses 31.0 61.3 58.8 EBI
Slide 13: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q1FY21 Q1FY20 YoY% Q4FY20 Net Revenue from Operations 145.6 245.6 -40.7% 283.6 Gross Profit 73.5 123.6 -40.6% 142.3 Gross Margin % 50.5% 50.3% 20 bps 50.2% EBIDTA 12.3 30.8 -60.0% 44.9 EBIDTA Margin % 8.5% 12.6% (410) bps 15.8%
Slide 14: Laminates & Allied Segment – Production, Sales, Realisation
Consolidated Financial Performance Laminates & Allied Segment Production and Capacity Sales Average Realisation (Mn Sheets) (Mn Sheets) (INR / Sheet) -39.0% -37.5% -1.1% 3.51 3.27 3.91 2.77 818 810 1.73 1.99 Q1FY20 Q1FY21* Q1FY20 Q1FY21 Q1FY20 Q1FY21 Capacity Production *Capacity Increased by 1.6 Mn
Slide 15: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q1FY21 Q1FY20 YoY% Q4FY20 Net Revenue from Operations 14.7 44.0 -66.5% 40.4 Gross Profit 6.2 19.8 -68.7% 20.3 Gross Margin % 42.1% 45.1% (300) bps 50.2% EBIDTA (4.5) (1.0) 0.3 EBIDTA Margin % -30.3% -2.2% 0.7% Capital Employed 24
Slide 16: Decorative Veneers – Production, Sales, Realisation
Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) -80.1% -73.5% -8.1% 1.05 1.05 0.31 806 741 0.34 0.08 0.07 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Capacity Production 15
Slide 17: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q1FY21 Q1FY20 YoY% Q4FY20 Revenue 3.3 11.5 -70.9% 9.2 EBITDA (1.5) (1.3) (1.1) Capacity Utilization 11% 18% 16% Engineered Wooden Doors INR Crores Q1FY21 Q1FY20 YoY% Q4FY20 Revenue 5.2 7.1 -27.4% 7.3 EBITDA (0.9) (1.2) (0.9) Capa
Slide 18: Operating Parameters – Net Working Capital Days
Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) Net Working Capital Days In Days Q1FY20 Q1FY21 Q4FY20 218 Inventory 111 234 104 97 94 Debtors 43 70 39 Q1FY20 Q1FY21 Q4FY20 Creditors 56 86 49 Net Working Capital 97 218 94 17
Slide 19: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex-GSL) INR Crores Q1FY20 Q1FY21 FY20 16.8% 11.4% EBIT 20.7 -4.5 130.2 PAT 8.4 -7.7 86.7 -2.3% Capital Employed 724.2 848.7 819.4 Q1FY20* Q1FY21* FY20 Capital Employed (Ex- GSL) 724.2 803.7 774.4 ROE Net Worth 436.8 493.5 500.7 17.3
Slide 20: Debt Position
Consolidated Financial Performance Debt Position Net Debt-Equity Ratio INR Crores Q1FY20 Q1FY21 FY20 Long Term Debt 0.64 101.6 129.4 117.5 0.59 (Including current portion) 0.53 Short Term Debt 163.1 203.0 176.7 Total Debt 264.7 332.4 294.2 Q1FY20 Q1FY21 FY20 Cash & Bank Balance 6.5 14.3 30.7 Net Deb
Slide 21: 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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