Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q4 FY22 Earnings Presentation
21 slides from Greenlam Industries's earnings presentation, May 31, 2022
Slide 1: Greenlam Industries Limited filing cover letter
Greenlam/2022-23 May 31, 2022 �· Greenlam Industries Limited ® The Manager, The Manager, BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Sandra Kurla Complex, Floor 25, P.J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Fax No. 0
Slide 2: Results Presentation Q4 & FY22
Results Presentation Q4 & FY22 May 30th 2022 www.greenlamindustries.com
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: 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 5: Audited Consolidated Financials Q4 & FY22
Audited Consolidated Financials Q4 & FY22 www.greenlamindustries.com
Slide 6: Business Updates for Q4FY22
Business Updates for Q4FY22 ➢ Due to National Capital Region air pollution issues, Commission of Air Quality Management (CAQM), ordered restriction on operation of manufacturing units in the region. Due to this our Behror plant operated for 5 days in a week from Jan 01 – Feb 04. W.e.f. Feb 04, 2022,
Slide 7: Business Updates for FY22
Business Updates for FY22 ➢ The ensuing year saw multiple headwinds ➢ Inspite of these challenges we posted strong financial performance ➢ As multiple COVID-19 waves hit the country which led to curbs, restrictions and lockdowns hitting ➢ Overall revenues up by 42% with laminate business business up
Slide 8: Consolidated Financial Performance: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Net Revenue 463.4 415.3 11.6% 449.7 3.0% 1,703.4 1,199.6 42.0% Raw Material 255.5 213.0 250.4 944.3 601.6 Gross Profit 207.9 202.4 2.7% 199.3 4.3% 759.1 598.0 26.9% Gross Margin % 44
Slide 9: Consolidated Financial Performance: Balance Sheet
Consolidated Financial Performance Balance Sheet INR Crores Mar-22 Mar-21 INR Crores Mar-22 Mar-21 Shareholders Fund 655.1 573.9 Non-Current Assets 527.0 495.5 Share Capital 12.1 12.1 Fixed Assets 473.3 428.2 Reserves & Surplus 642.3 561.4 Goodwill 3.2 3.1 Minority 0.7 0.5 Other Non-Current Assets 5
Slide 10: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Net Revenue from 423.9 365.6 15.9% 408.1 3.9% 1,556.3 1,065.3 46.1% Operations Gross Profit 192.6 183.0 5.2% 183.2 5.1% 701.0 544.2 28.8% Gross Margin % 45.4% 50.1% (470) bps 44.9%
Slide 11: Laminates & Allied Segment: Capacity and Production
Consolidated Financial Performance Laminates & Allied Segment Particulars Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Annual Capacity (Mn Sheets) 15.62 15.62 15.62 15.62 15.62 Capacity for the period 3.91 3.91 3.91 15.62 15.62 Production (Mn Sheets) 4.14 4.36 -4.9% 3.88 6.7% 16.77 13.57 23.6% Sale
Slide 12: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Net Revenue from Operations 39.5 49.7 -20.6% 41.6 -5.2% 147.1 134.3 9.5% Gross Profit 15.3 19.3 -21.0% 16.1 -5.4% 58.1 53.8 7.9% Gross Margin % 38.7% 38.9% (20) bps 38.8% (10) bps 39.
Slide 13: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Annual Capacity (Mn Sqmt) 4.20 4,20 4.20 4.20 4.20 Capacity for the period 1.05 1.05 1.05 4.20 4.20 Production (Mn Sqmt) 0.29 0.48 -39.0% 0.30 -3.7% 1.11 1.08 2.9% Sales (Mn Sqmt) 0.29 0.4
Slide 14: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q4FY22 Q4FY21 YoY% Q3FY22 QoQ% FY22 FY21 YoY% Revenue 10.5 10.8 -3.1% 10.8 -2.5% 36.7 31.7 15.7% EBITDA (3.5) (2.9) (2.8) (11.0) (6.4) Capacity Utilization 13% 16% 11% 11% 13% Engineered Wooden Doors INR Crores Q4FY22 Q4FY21 YoY%
Slide 15: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Amount in Q4FY22 Q4FY21 Q3FY22 FY22 FY21 INR Crores Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 503.4 99 378.1 83 486.4 99 503.4 108 378.1 115 Debtors 130.1 25 135.9 30 127.9 26 130.1 28 135.9 41 Creditors 255.8
Slide 16: Debt Position
Consolidated Financial Performance Debt Position is as under Net Debt-Equity Ratio INR Crores FY22 FY21 0.26 0.21 Long Term Debt 182.9 108.8 (Including current portion) Short Term Debt 162.3 139.6 Total Debt 345.3 248.4 FY22 FY21 Cash & Bank Balance 15.8 18.7 Liquid Investments 160.7 106.4 Net Debt-
Slide 17: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex- Projects)* INR Crores Q4FY22 Q4FY21 Q3FY22 FY22 FY21 28.2% EBIT 36.3 56.0 40.0 135.8 125.3 15.9% 14.9% PAT 25.7 30.9 26.9 90.6 73.7 Q4FY22* Q4FY21* FY22 Capital Employed 1,017.2 841.4 905.4 1,017.2 841.4 Capital Employed (Ex- 91
Slide 18: The Next Orbit
The Next Orbit 17 www.greenlamindustries.com
Slide 19: Next Orbit Update: Expansion plans
Next Orbit Update Expansion plans ➢ The Company aims to invest Rs.950 crores over a Laminate Plywood Particle board period of 2-3 years, towards setting up of third Naidupeta, Tindivanam, Naidupeta, Laminate plant and foray into Plywood and Particle Location Andhra Pradesh Tamil Nadu Andhra Pradesh
Slide 20: Next Orbit Update: Project status
Next Orbit Update ➢ In respect of setting up of greenfield project for manufacturing of 3.50 million laminate sheets/boards per annum at Naidupeta in Andhra Pradesh by Greenlam South Limited ("GSL"), wholly-owned subsidiary of the Company, environment clearance and consent for establishment have bee
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