Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q1 FY17 Earnings Presentation
14 slides from Greenlam Industries's earnings presentation, July 2016
Slide 1: Results Presentation – Q1 FY17
Greenlam Industries Ltd Transforming Spaces, Enriching Lives. Results Presentation – Q1 FY17 July 2016
Slide 2: Disclaimer
Disclaimer 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 se
Slide 3: About Us
About Us Product offerings • Laminate & Allied: Decorative Laminates, Compact Laminates & Melamine Faced Chipboards • Decorative Veneer & Allied: Decorative Veneer, Engineered Wood Flooring & Engineered Doors 3rd Largest Presence in over Decorative Veneer India’s 1st and only Laminate producer 100 c
Slide 4: Strong Performance Continues – Q1FY17
Strong Performance Continues – Q1FY17 Q1 FY17 Growth Revenue at INR 235 Crores, growth led by… • Overall sales growth up by 8% • Domestic Laminates grew by 20% 41% 23% • Decorative Veneers & Allied segment grew by 12% 8% Gross Margin at 46.4% up by 470 bps in Q1FY17 from 41.7% in Q1FY16 Sales EBIDTA
Slide 5: Laminates & Allied Products
Laminates & Allied Products INR Crores Q1FY17 Q1FY16 YoY% Q4FY16 QoQ% FY16 Net Sales of Laminates & Allied Products 203.4 188.7 7.8% 205.2 -0.8% 797.4 EBIDTA 32.2 22.1 45.7% 33.3 -3.3% 113.8 EBIDTA Margin % 15.8% 11.7% 410 bps 16.2% -40 bps 14.3% Capital Employed 299.9 337.7 314.1 314.1 5
Slide 6: Laminates & Allied Products: Production and Capacity
Laminates & Allied Products Production and Capacity Sales in Mn Sheets Average Realisation (INR / Sheet) (Quarterly) in Mn Sheets +8.3% +7.1% +0.3% 2.84 3.01 3.08 2.83 3.03 629 2.51 627 Q1FY16 Q1FY17 * Q1FY16 Q1FY17 Q1FY16 Q1FY17 Capacity Production * New capacity of 2 mn sheets p.a. introduced at t
Slide 7: Decorative Veneers & Allied Products
Decorative Veneers & Allied Products INR Crores Q1FY17 Q1FY16 YoY% Q4FY16 QoQ% FY16 Net Sales of Decorative Veneers & Allied 31.7 28.3 11.9% 43.5 -27.2% 139.3 Products EBIDTA -1.7 2.8 2.6 10.13 EBIDTA Margin % - 9.7% - 6.0% - 7.3% Capital Employed 185.1 156.1 176.5 176.5 * EBIDTA and Margins were im
Slide 8: Decorative Veneers: Production and Capacity
Decorative Veneers Production and Capacity Sales in Mn Sqmt Average Realisation (INR / Sqmt) (Quarterly) in Mn Sqmt -17.5% 0.0% +4.2% 1.05 1.05 0.35 0.35 734 765 0.40 0.33 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Capacity Production 8
Slide 9: Geographic Segments
Geographic Segments Domestic (INR Crores) Exports (INR Crores) +18.0% -3.6% 141 97 94 120 Q1FY16 Q1FY17 Q1FY16 Q1FY17 9
Slide 10: Profit and Loss Statement
Profit and Loss Statement INR Crores Q1 FY17 Q1 FY16 YoY% Q4 FY16 QoQ% FY16 Revenue 235.1 217.0 8.3% 248.7 -5.5% 936.7 Raw Material 126.0 126.5 133.4 517.8 Employee Cost 30.5 24.9 26.6 104.3 Other Expenses 48.0 40.8 52.8 190.6 EBITDA 30.5 24.8 23.1% 35.9 -14.9% 123.9 EBITDA Margin % 13.0% 11.4% 160
Slide 11: Improving Operating Parameters
Improving Operating Parameters ROCE ROE Net Working Capital Days 16.0% 13.2% 66 13.3% 10.9% 59 Q1FY16 Q1FY17 Q1FY16 Q1FY17 Q1FY16 Q1FY17 INR Crores Q1FY16 Q1FY17 In Days Q1FY16 Q1FY17 Revenue 217.0 235.1 Inventory 81 87 EBIT 17.8 21.5 Debtors 54 46 PAT 6.4 9.0 Creditors 69 74 Capital Employed 535.9
Slide 12: Balance Sheet
Balance Sheet (INR Crores) Liabilities Mar – 16 (INR Crores) Assets Mar - 16 Shareholder’s Fund 264.5 Non-Current Assets 380.7 Share capital 12.1 Fixed assets 342.3 Reserves & Surplus 252.4 Non-Current Investments 24.1 Borrowings 254.4 Other Non-Current Assets 14.3 Long term borrowings * 166.2 Short
Slide 13: FY17 Way ahead…
FY17 Way ahead… Maximise utilisation of capacity for laminate segment Proposed expansion of laminate capacity at Nalagarh, HP by 2 mn sheets (16.7% capacity) with marginal capital outlay of Rs. 25 crores. Likely to be operational by Q2 FY18 Continue focus on sales of value added products, HD Gloss,
Slide 14: Thank You
Thank You For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: U21016AS2013PLC011624 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Ms. Ruchi Rudra/ Ms. Neha Shroff Email: ashok.sharma@greenlam.com rruch