Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q4 FY2018 Earnings Presentation
20 slides from Greenlam Industries's earnings presentation, May 2018
Slide 1: Result Presentation Q4 & FY18
Result Presentation Q4 & FY18 May 2018 GREENLAM INDUSTRIES LIMITED BEYOND!
Slide 2: 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 3: We are…
We are… A one stop solution provider for All Surfacing Needs Among World’s Top 3 Laminate producers Asia’s Largest Laminate brand India’s Largest Exporter of Laminates India’s No. 1 Decorative Veneer brand India’s Only Manufacturer of Engineered Wood Flooring India’s 1st Organized Manufacturer of En
Slide 4: Our Products
Our Products Decorative Laminate & Allied products Veneer & Allied Decorative Laminates Compact Panel MFC Mikasa Floor Mikasa Door Veneer Standard Compact Panel Natural Veneer Commodity to Engineered Door Lab Guardian Melamine Faced Engineered Premium Teak Veneer sets Restroom & Locker solutions Chi
Slide 5: Consolidated Financial Performance
Consolidated Financial Performance* * All quarterly & Yearly financial data are as per IND-AS GREENLAM INDUSTRIES LIMITED BEYOND!
Slide 6: Performance Update – Q4FY18
Consolidated Financial Performance Performance Update – Q4FY18 ✓ Consolidated Net Revenue stood at INR 311 Crores as compared to INR 292 Crores, growth of 6.4% YoY. GST adjusted revenue growth is 9.2% • Domestic Laminate revenue grew by 6.3%, GST adjusted revenue growth is 11% • Laminate Exports gre
Slide 7: Performance Update – FY18
Consolidated Financial Performance Performance Update – FY18 ✓ Consolidated Net Revenue stood at INR 1,145 Crores as compared to INR 1,076 Crores, growth of 6.4% YoY, GST adjusted revenue growth is 8.8% • Domestic laminate revenue grew by 10.8% in volume terms and 14.9% in value terms YoY. GST adjus
Slide 8: Performance Update – FY18 … Contd.
Consolidated Financial Performance Performance Update – FY18 … Contd. ✓ PAT for the FY18 grew by 30.1% at INR 64.6 crores, as against INR 49.7 Crores in corresponding period last year ✓ Working capital cycle was reduced by 1 day to 86 days in FY18 from 87 days in FY17 ✓ Total Debt stood at INR 252 c
Slide 9: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q4FY18 Q4FY17 YoY% FY18 FY17 YoY% Revenue 311.1 292.5 6.4% 1,144.7 1,075.8 6.4% Raw Material 167.1 158.2 598.3 566.7 Gross Profit 144.0 134.4 7.2% 546.4 509.1 7.3% Gross Margin % 46.3% 45.9% 40 bps 47.7% 47.3% 40 bps Employee Co
Slide 10: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Mar-18 Mar-17 INR Crores Mar-18 Mar-17 Shareholder’s Fund 356.1 298.1 Non-Current Assets 352.9 350.3 Share capital 12.1 12.1 Fixed assets 329.8 326.3 Reserves & Surplus 344.1 286.1 Goodwill 1.8 2.9 Borrowings 251.7 298.5 Other Non-Current A
Slide 11: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q4FY18 Q4FY17 YoY% FY18 FY17 YoY% Net Revenue from Operations 265.8 250.1 6.3% 984.3 939.0 4.8% Gross Profit 119.4 112.3 6.3% 461.3 439.7 4.9% Gross Margin % 44.9% 44.9% - 46.9% 46.8% 10 bps EBIDTA 34.9 38.6 -9.7% 133.4 136.2 -
Slide 12: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment Production and Capacity (Mn Sales (Mn Sheets) Average Realisation (INR / Sheet) Sheets) +2.3% +6.9% -0.5% 3.51 3.40 3.70 3.01 3.32 3.46 696 693 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Capacity Production +9.8% +7.9% -1.0% 13.69 13.87 12
Slide 13: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q4FY18 Q4FY17 YoY% FY18 FY17 YoY% Net Revenue from Operations 45.4 42.4 7.0% 160.4 136.8 17.3% Gross Profit 24.7 22.1 11.9% 85.2 69.4 22.7% Gross Margin % 54.4% 52.0% 240 bps 53.1% 50.7% 240 bps EBIDTA 4.0 4.2 -4.4% 15.5 2.1 624.
Slide 14: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Production and Capacity Sales Average Realisation (Mn Sqmt) (Mn Sqmt) (INR / Sqmt) +6.2% -5.1% -2.4% 1.05 1.05 0.41 0.39 824 804 0.35 0.38 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Capacity Production +18.2% +16.4% -6.0% 4.20 4.20 1.60 784 737 1.
Slide 15: Engineered Doors and Floors
Consolidated Financial Performance Engineered Doors and Floors Revenue (INR Crores) EBIDTA (INR Crores) Capacity Utilization 8.3 22.0% 6.7 5.9 -0.5 14.0% 12.0% 13.0% 3.2 -1.5 -1.4 -1.5 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Q4FY17 Q4FY18 Floors Doors Floors Doors Floors Doors 26.2 14.0% 12.0% 11.0% 18.1 -3.6 -
Slide 16: Geographic Segments
Consolidated Financial Performance Geographic Segments Domestic (INR Crores) Exports (INR Crores) +5.1% +15.1% +8.3% -4.4% 182 685 129 480 173 119 459 595 Q4FY17 Q4FY18 FY17 FY18 Q4FY17 Q4FY18 FY17 FY18 * All quarterly & Yearly financial data are as per IND-AS GREENLAM INDUSTRIES LIMITED BEYOND!
Slide 17: Operating Parameters- Net Working Capital (Days)
Consolidated Financial Performance Operating Parameters- Net Working Capital (Days) In Days Q4FY17 Q4FY18 FY17 FY18 Net Working Capital Days -1 Inventory 71 75 77 82 80 79 Debtors 49 50 54 54 Creditors 40 46 44 50 Q4FY17 Q4FY18 -1 Net Working Capital 80 79 87 86 87 86 FY17 FY18 * All quarterly & Yea
Slide 18: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE INR Crores Q4FY17 Q4FY18 FY17 FY18 ROCE 21.7% 18.3% EBIT 16.8% 33.8 30.0 104.2 114.6 19.0% PAT 17.8 17.9 49.7 64.6 Capital Employed 618.5 627.4 618.5 627.4 *Q4FY17 *Q4FY18 FY17 FY18 Net Worth 298.1 356.1 298.1 356.1 ROE 23.7% 18.1% ROCE 2
Slide 19: Debt Position
Consolidated Financial Performance Debt Position Debt-Equity Ratio INR Crores FY17 FY18 1.00 Long Term Debt 137.5 122.1 (Including current portion) 0.71 Short Term Debt 161.0 129.6 Total Debt 298.5 251.7 FY17 FY18 Net Worth 298.1 356.1 Debt-EBIDTA Ratio EBIDTA 138.3 148.9 2.16 1.69 Debt – Equity Rat
Slide 20: 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 / Mr. Shrikant Sangani Email: ashok.sharma@greenlam.com shogun.ja
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