Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q1 FY22 Earnings Presentation
17 slides from Greenlam Industries's earnings presentation, Jul 27, 2021
Slide 1: Result Presentation cover letter to stock exchanges
------.® Greenlam/2021-22 July 27, 2021 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. 022-2
Slide 2: Results Presentation Q1 FY22
Results Presentation Q1 FY22 July 27th 2021 www.greenlamindustries.com
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 Q1 FY22
Un-audited Consolidated Financials Q1 FY22 www.greenlamindustries.com
Slide 5: Consolidated Performance for Q1FY22
Consolidated Performance for Q1FY22 The current quarter once again saw resurgence of COVID-19 cases which forced the State Governments to introduce curbs, restriction and lockdowns. This time the lockdown was not as severe as in last year and our plants were allowed to function during such times
Slide 6: Consolidated Performance for Q1FY22
Consolidated Performance for Q1FY22 Consolidated Net Revenue for the quarter de-grew by 19.1% on sequential basis, and grew by 110% on y-o-y basis to INR 336.1 Crores in Q1FY22 as compared to INR 160.4 Crores in Q1FY21 Laminate revenue de-grew by 15.3% sequentially and grew by 113% on y-o-y basi
Slide 7: Consolidated Performance for Q1FY22
Consolidated Performance for Q1FY22 Gross Margin de-grew by 380 bps to 45.9% in Q1FY22 from 49.7% in Q1FY21, primarily due to rising raw material costs and lower value mix. On a sequential basis gross margin de-grew by 280 bps Gross margin in absolute terms grew by 93.5% to INR 154.2 crores in Q
Slide 8: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Revenue 336.1 160.4 109.6% 415.3 -19.1% Raw Material 181.9 80.7 213.0 Gross Profit 154.2 79.7 93.5% 202.4 -23.8% Gross Margin % 45.9% 49.7% (380) bps 48.7% (280) bps Employee Cost 58.1 40.8 67.0 Ot
Slide 9: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Net Revenue from Operations 309.6 145.6 112.6% 365.6 -15.3% Gross Profit 143.6 73.5 95.3% 183.0 -21.6% Gross Margin % 46.4% 50.5% (410) bps 50.1% (370) bps EBIDTA 41.3 12.3 235.0% 65.5 -37.0% EBID
Slide 10: Laminates & Allied Segment: Capacity and Sales
Consolidated Financial Performance Laminates & Allied Segment Particulars Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Annual Capacity (Mn Sheets) 15.62 15.62 - 15.62 0.0% Production (Mn Sheets) 4.28 1.99 114.6% 4.36 -1.8% Sales (Mn Sheets) 3.82 1.73 120.6% 4.52 -15.6% Capacity Utilization 110% 51% 112% Average R
Slide 11: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Net Revenue from Operations 26.5 14.7 79.9% 49.7 -46.7% Gross Profit 10.7 6.2 71.7% 19.3 -44.9% Gross Margin % 40.2% 42.1% (190) bps 38.9% 130 bps EBIDTA (3.1) (4.5) 1.5 EBIDTA Margin % --11.7% -30.
Slide 12: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Annual Capacity (Mn Sqmt) 4.20 4.20 - 4.20 - Production (Mn Sqmt) 0.17 0.07 153.5% 0.48 -64.0% Sales (Mn Sqmt) 0.16 0.08 93.2% 0.47 -66.0% Capacity Utilisation 16% 6% 46% Average Realisation (INR / Sqmt)
Slide 13: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Revenue 7.4 3.3 121.2% 10.8 -31.8% EBITDA (1.6) (1.5) (2.9) Capacity Utilization 11% 11% 16% Engineered Wooden Doors INR Crores Q1FY22 Q1FY21 YoY% Q4FY21 QoQ% Revenue 7.0 5.2 35.1% 7.0 0.0% EBITDA (
Slide 14: Operating Parameters - Net Working Capital (Days)
Consolidated Financial Performance Operating Parameters - Net Working Capital (Days) Amount in INR Q1FY22 Q1FY21 Q4FY21 Crores Amt (INR Amt (INR Amt (INR Days Days Days Crores) Crores) Crores) Inventory 450 122 412 234 378 83 Debtors 128 35 122 70 136 30 Creditors 207 56 151 86 223 49 NWC 371 101 38
Slide 15: Debt Position
Consolidated Financial Performance Debt Position is as under Net Debt-Equity Ratio INR Crores Q1FY22 Q1FY21 FY21 Long Term Debt 0.64 102.6 129.4 108.8 (Including current portion) 0.36 Short Term Debt 189.0 203.0 139.6 0.21 Total Debt 291.6 332.4 248.4 Q1FY22 Q1FY21 FY21 Cash & Bank Balance 14.3 14.3
Slide 16: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex-GSL) 15.7% INR Crores Q1FY22 Q1FY21 FY21 12.1% EBIT 25.9 (4.5) 125.3 PAT 17.3 (7.7) 73.7 -2.3% Capital Employed 901.7 848.7 841.4 Q1FY22* Q1FY21* FY21 Capital Employed (Ex- GSL) 854.0 803.7 796.4 ROE Net Worth 591.7 493.5 573.9 1
Slide 17: 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