Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — H1 FY2020 Earnings Presentation
22 slides from Greenpanel Industries's earnings presentation, Nov 7, 2019
Slide 1: Cover letter to stock exchanges
GREENPANEL. GPtL/201.9-2020 7th November 2019 The Manager The Manager BSE Limited National Stock Exchange of lndia Limited Department of Corporate Services Exchange Plaza, Bandra Kuria Complex Floor 25, P. J. Towers, DalaiStreet Bandra (E), Mumbai-400001 Mumbai - 400 051 Scrip Code: 542857 Symbol -
Slide 2: H1 & Q2 – FY 2020 Results Presentation
Greenpanel Industries Limited H1 & Q2 – FY 2020 RESULTS PRESENTATION
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward- looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Contents
Contents Financial Highlights Results and Segment details Segment-wise Performance Management Commentary Company Overview Outlook Annexure
Slide 5: Financial Highlights – Q2 FY20
Financial Highlights – Q2 FY20 Net Sales up by 45% YoY to Rs. 179.38 crores Plywood revenues up by 52.9% YoY to Rs. 55.37 crores, contributing 31% of net sales MDF revenues up by 41.5% YoY to Rs. 124.01 crores, contributing 69% of net sales Gross margins down by 670 bps YoY to 55.5% Due to pri
Slide 6: Financial Highlights – Q2 FY20
5 Financial Highlights – Q2 FY20 Key ratios (%) Q2FY20 Q2FY19 Gross Margin 55.5% 62.2% EBITDA Margin 17.3% 6.2% EBIT Margin 7.6% -4.0% Net Margin 3.1% 4.2% Ad and promotions / Net Sales 1.4% 2.4% Staff Cost/ Net Sales 13.1% 15.6% Logistics cost / Net Sales 5.2% 7.0% EPS (Rs.) 0.45 0.43 NET SALES (Rs
Slide 7: Financial Highlights – H1 FY20 VS H1 FY19
6 Financial Highlights – H1 FY20 VS H1 FY19 Key ratios (%) H1 FY 2020 H1 FY 2019 Gross Margin 52.7% 61.0% EBITDA Margin 15.5% 13.5% EBIT Margin 6.8% 5.5% Net Margin 2.2% 7.8% Ad and promotions / Net Sales 1.1% 2.2% Staff Cost/ Net Sales 12.0% 14.3% Logistics cost / Net Sales 4.9% 6.6% EPS (Rs.) 0.67
Slide 8: Financial Highlights – B/S Perspective
7 Financial Highlights – B/S Perspective Balance Sheet Snapshot (Rs. crore) Sept 30, 2019 Sept 30, 2018 March 31, 2019 March 31, 2018 Net worth 688.57 655.34 680.37 636.07 Total debt 567.60 595.60 578.57 451.86 Long Term Debt (Including Current Maturity) 490.36 535.25 533.16 421.38 Short Term De
Slide 9: Financial Highlights – Ratios
8 Financial Highlights – Ratios Key Ratios Sept 30, 2019 Sept 30, 2018 March 31, 2019 March 31, 2018 Inventory (days) 71 104 84 48 Debtor (days) 29 32 33 27 Creditor (days) 46 54 52 41 Working Capital Turnover (days) 54 82 65 34 RoE (%) 3.2% 3.2% 6.5% 15.8% RoCE – Pre-Tax 4.3% -1.6% 3.6% 13.2% RoCE
Slide 10: Financial Results H1 & Q2 - FY2020 - Standalone
9 Financial Results H1 & Q2 - FY2020 - Standalone Q2 Q1 Q2 H1 H1 12M Particulars (Rs. in lacs) 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Income a) Revenue from operations 18,549.74 20,373.83 12,662.29 38,923.57 25,412.21 58,731.41 b) Other income 70.26 62.71 35.15 132.97 63.8
Slide 11: Financial Results H1 & Q2 - FY2020 - Consolidated
10 Financial Results H1 & Q2 - FY2020 - Consolidated Q2 Q1 Q2 H1 H1 12M Particulars (Rs. in lacs) 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Income a) Revenue from operations 19,209.31 21,111.67 13,357.82 40,320.98 26,296.03 59,911.39 b) Other income 11.89 52.24 35.96 64.13 65
Slide 12: Segmental Performance H1 & Q2-FY2020 - Standalone
11 Segmental Performance H1 & Q2-FY2020 - Standalone Q2 Q1 Q2 H1 H1 12M Particulars (Rs. in lacs) 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Segment Revenue a) Plywood and allied products 5,548.56 5,179.98 3,621.35 10,728.54 6,913.88 14,150.27 b) Medium density fibreboards and
Slide 13: Segmental Performance H1 & Q2-FY2020 - Consolidated
12 Segmental Performance H1 & Q2-FY2020 - Consolidated Q2 Q1 Q2 H1 H1 12M Particulars (Rs. in lacs) 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 Segment Revenue a) Plywood and allied products 5,548.56 5,179.98 3,621.35 10,728.54 6,913.88 14,150.27 b) Medium density fibreboards a
Slide 14: Segment Wise Performance
13 Segment Wise Performance Particulars Plywood Q2FY20 Q2FY19 Var (%) H1 FY20 H1 FY19 Var (%) Net sales (Rs crore) 55.37 36.21 52.9% 106.95 69.13 54.7% EBITDA margin (%) 12.1% 11.0% 14.1% 12.9% EBIT margin (%) 8.3% 7.7% 10.8% 8.9% Annual capacity (million sqm) 10.5 10.5 10.5 10.5 Production (million
Slide 15: Managing Director & CEO’s Message
14 Managing Director & CEO’s Message Commenting on the performance for Q2 FY2020, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Ltd. said, “We are targeting increased capacity utilization in future quarters to increase revenues and improve margins in MDF. As you are aware this
Slide 16: Company Overview
15 Company Overview Capacity Utilization • Plywood – Improved capacity utilization at 81% in H1 FY 2020 Vs. 55% in H1 FY 2019 • MDF capacity utilization was 56% in H1 FY 2020 Vs. 51% in H1 FY 2019 Production Model • Plywood – Targeting 80% Capacity Utilisation for FY 2020 in domestic markets. • MDF
Slide 17: Company Overview
16 Company Overview Business Segments • Wood based products - Plywood and allied products, Medium Density Fibreboards (MDF) Strong Industry • Plywood industry size – Rs. 180 billion, MDF industry size – Rs. 19 billion Potential • High incomes, solid construction, Changes in Anti-dumping rules, stric
Slide 18: Growth Outlook
17 Growth Outlook • Focus on enhancing value added contribution • More expected construction, Higher disposable income, Need for urbanisation and improved GST compliance Industry Product Drivers Profile Financial • 35% growth in Plywood in FY 2020 Performance • 50% growth in MDF in FY 2020 • Expecte
Slide 19: Annexure
Annexure
Slide 20: Manufacturing Facilities
19 Manufacturing Facilities PLYWOOD MDF Facilities Capacity Capacity Location Location (mn sqm.) (cum.) Pantnagar, Uttarakhand 10.50 Pantnagar, Uttarakhand 180,000 Chittoor, Andhra Pradesh 360,000 Total Capacity 10.50 Total Capacity 540,000
Slide 21: One Umbrella Brand @ GREENPANEL
One Umbrella Brand @ GREENPANEL GP cREENPANEL
Slide 22: Thank You
21 V.Venkatramani Chief Financial Officer Greenpanel Industries Limited Tel +91-9748400606 Email: v.venkat@greenpanel.com For more info: www.greenpanel.com Gavin Desa / Rishab Barar CDR - India Tel: +91 22 6645 1237 / 1235 Email: gavin@cdr-india.com rishab@cdr-india.com Thank You
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