Slide 1: Cover letter to stock exchanges: Investor Presentation
GREENPANEf GPtL/2020-2021 January 27 ,2021 The Manager The Manager BSE Limited National Stock Exchange of lndia Limited Department of CorPorate Services Exchange'Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E), Mumbai-400001 Mumbai - 400051 Scrip Codez542857 Symbol- GREEN
Slide 2: Financial Results Presentation Q3 & 9M FY 2021
Greenpanel Industries Limited Financial Results Presentation Q3 & 9M FY 2021
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 number of risks, uncertainties and other factors that could cause actual results to differ materially from those sug
Slide 4: Contents
Contents Financial Highlights Financial Numbers Segment Numbers Segment Performance From the Desk of MD & CEO Company Overview Growth Outlook Manufacturing Facilities
Slide 5: Financial Highlights – Q3 FY2021
Financial Highlights – Q3 FY2021 Net Sales up by 38.3% YoY to Rs. 311.59 crores - Plywood revenues up by 6% YoY to Rs. 62.00 crores, contributing 20% of net sales - MDF revenues up by 49.6% YoY to Rs. 249.59 crores, contributing 80% of net sales Gross margins up by 370 bps YoY to 54.9% EBITDA margin
Slide 6: Financial Highlights – Q3 FY21 vs Q3 FY20
Financial Highlights – Q3 FY21 vs Q3 FY20 Key ratios (%) Q3 FY21 Q3 FY20 Gross Margin 54.9% 51.2% EBITDA Margin 22.5% 15.7% EBIT Margin 17.3% 8.4% Net Margin 11.0% 0.6% Sales Promotions / Net Sales 1.3% 0.9% Employee Expenses / Net Sales 7.7% 10.6% Logistics Cost / Net Sales 5.7% 5.2% EPS (Rs.) 2.80
Slide 7: Financial Highlights – 9M FY21 vs 9M FY20
Financial Highlights – 9M FY21 vs 9M FY20 Key ratios (%) 9M FY21 9M FY20 Gross Margin 53.9% 52.1% EBITDA Margin 17.6% 15.6% EBIT Margin 9.8% 7.4% Net Margin 3.0% 1.6% Sales Promotions / Net Sales 1.2% 1.0% Employee Expenses / Net Sales 10.5% 11.5% Logistics Cost / Net Sales 5.3% 5.0% EPS (Rs.) 1.49
Slide 8: Financial Highlights - Assets & Liabilities
Financial Highlights - Assets & Liabilities Balance Sheet snapshot 9M FY 2021 9M FY 2020 FY 2020 FY 2019 (INR crores) Net Worth 715.19 689.88 696.89 680.37 Total Debt 472.20 534.19 542.79 578.57 Long Term Debt (Including Current 440.01 463.18 470.08 533.16 Maturity) Short Term Debt 32.18 71.01 7
Slide 9: Financial Highlights - Financial Ratios
Financial Highlights - Financial Ratios Key Ratios Q3 FY 2021 Q3 FY 2020 FY 2020 FY 2019 Inventory (days) 60 58 68 84 Debtor (days) 25 26 31 33 Creditor (days) 52 41 54 52 Working Capital Turnover 33 43 45 65 (days) RoE (%) 19.2% 0.8% 2.3% 6.5% RoCE – Pre-Tax 17.8% 6.1% 4.9% 3.6% RoCE – Post-Tax 15.
Slide 10: Financial Numbers Q3 FY2021
Financial Numbers Q3 FY2021 Key Financial Numbers Q3 FY 2021 Q2 Q3 FY 2020 Q2 Q2 FY 2021 Q3 Q2 FY 2020 Q3 (in INR (INR crores) crores) (% of Sales) (% of Sales) Sales 311.59 225.31 Other Incomes 5.39 9.09 1.73% 4.03% Material Consumptions Material Consumption 140.61 110.02 45.13% 48.83% Employee Emp
Slide 11: Financial Numbers 9M FY2021
Financial Numbers 9M FY2021 Key Financial Numbers 9M FY 2021 9M FY 2020 9M FY 2021 9M FY 2020 (INR crores) (% of Sales) (% of Sales) Net Sales 615.85 603.13 Other Income 16.19 21.38 2.63% 3.55% Material Consumption 283.85 288.63 46.09% 47.86% Employee Expenses 64.94 69.35 10.55% 11.50% Other Expense
Slide 12: Segment Numbers Q3 & 9M FY2021
Segment Numbers Q3 & 9M FY2021 Key Segment Numbers Q3 FY 2021 Q3 FY 2020 9M FY 2021 9M FY 2020 (INR crores) Sales - Plywood 62.20 58.87 134.56 165.82 Sales - MDF 264.72 186.67 496.62 457.54 Total Sales 326.92 245.54 631.18 623.36 Segment Profit/(Loss) - Plywood 9.72 7.44 15.50 24.42 Segment Profit/(
Slide 13: Segment Performance Q3 & 9M FY2021
Segment Performance Q3 & 9M FY2021 Plywood Segment Q3FY21 Q3FY20 Var (%) 9M FY21 9M FY20 Var (%) Net Sales (INR crores) 62.00 58.47 6.0% 134.36 165.42 -18.8% EBITDA Margin (%) 14.7% 11.5% 10.6% 13.2% EBIT Margin (%) 12.4% 8.6% 7.2% 10.0% Annual Capacity (million sqm) 10.5 10.5 10.5 10.5 Production (
Slide 14: From the Desk of MD & CEO
From the Desk of MD & CEO Commenting on the performance for Q3 FY2021, Mr. Shobhan Mittal, Managing Director and CEO, Greenpanel Industries Limited said, Business has gained momentum in Q3 FY 2021. MDF volumes have grown by 43.2% year-on-year and operating margins have improved by 727 basis points t
Slide 15: Company Overview
Company Overview Capacity Utilization Production Model Raw Material Return Ratios • Plywood Improved • Plywood – Own Sustainability • Lower return capacity utilization manufacturing for • The aim is to ratios witnessed at 78% in 12M FY domestic markets improve the due to low 2020 Vs. 57% in quality
Slide 16: Company Overview
Company Overview Business Segments Strong Industry Well Entrenched Manufacturing • Plywood and Potential Distribution Facilities allied products • Plywood industry Network • 1 state-of-the-art size - INR 180 • Total number of facility for • Medium Density billion, MDF Distributors-1400, Plywood at F
Slide 17: Growth Outlook
Growth Outlook Industry Product Advertising Financial Distribution IT Initiatives Drivers Profile and Performance Network • Upgraded • More • Focus on Promotional • 50% • A strong IT expected enhancing Spends growth in distributio infrastruct constructi value • Expected Plywood in n network ure on a
Slide 18: Manufacturing Facilities
Manufacturing Facilities Plywood Medium Density Fibreboards (MDF) • Pantnagar, Uttarakhand - 10.50 million square • Pantnagar, Uttarakhand - meters 1,80,000 cubic meters (CBM) • Chittoor, Andhra Pradesh - 3,60,000 cubic meters (CBM)
Slide 19: One Umbrella Brand
One Umbrella Brand fo GREENPANEL MDF + Wood Floors +» Plywood + Veneers * Doors INDIA'S LARGEST WOOD PANEL MANUFACTURER
Slide 20: Thank you!
Mr. V. Venkatramani Chief Financial Officer Greenpanel Industries Limited Corporate Office: Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700 026 Contact: (+91) 97484 00606 / (+91) 033 4084 0600 Email: v.venkat@greenpanel.com Website: www.greenpanel.com Thank you! Mr. Gavin Desa / Mr.