Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q3 FY2016 Earnings Presentation
21 slides from Greenply Industries's earnings presentation, February 2016
Slide 1: Result Presentation – Q3 & 9M FY2016
GREENPLY INDUSTRIES LTD Result Presentation–Q3 & 9M FY2016.
Slide 2: 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 s
Slide 3: Table of Contents
TABLE OF CONTENTS • Financial Highlights • Results and Segment details • Segment-wise Performance • Management Commentary • Company Overview • Outlook • Annexure
Slide 4: Financial Highlights – Q3FY16
FINANCIAL HIGHLIGHTS – Q3FY16 • Net Sales up by 8.0% YoY to Rs. 421.74 crores – Plywood revenues up by 4.4% YoY to Rs. 290.70 crores, contributing 69% of net sales – MDF revenues grew by 15.3% YoY to Rs 129.07 crores, contributing 31% to net sales – New product Wallpaper contributed Rs 1.97 crores •
Slide 5: Financial Highlights – 9MFY16
FINANCIAL HIGHLIGHTS – 9MFY16 • Net Sales up by 6.3% YoY to Rs. 1,203.27 crores – Plywood revenues up by 1.2% YoY to Rs. 851.83 crores, contributing 71% of net sales – MDF revenues grew by 20.4% YoY to Rs 349.47 crores, contributing 29% to net sales – New product Wallpaper contributed Rs ??? crores
Slide 6: Financial Highlights – Q3FY16
Q3 FY 16 Q3FY 15 Financial Highlights – Q3FY16 8.0% 421.74 NET SALES 390.50 Key ratios (%) Q3FY16 Q3FY15 Gross Margin 44.3% 42.4% 12.9% EBITDA Margin 15.3% 12.7% EBIT Margin 12.5% 10.5% 186.77 GROSS PROFIT 165.39 Net Margin 8.4% 6.7% Ad and promotions / Net Sales 3.7% 2.7% 29.9% Staff Cost/ Net Sale
Slide 7: Financial Highlights – 9MFY16
9MFY16 9MFY15 Financial Highlights – 9MFY16 6.3% 1203.3 NET SALES 1132.2 Key ratios (%) 9MFY16 9MFY15 Gross Margin 44.7% 42.0% 13.1% EBITDA Margin 14.7% 13.0% EBIT Margin 11.7% 10.3% 537.3 GROSS PROFIT 475.0 Net Margin 7.4% 6.7% Ad and promotions / Net Sales 3.4% 3.4% 20.3% Staff Cost/ Net Sales 10.
Slide 8: Financial Highlights – B/S Perspective
FINANCIAL HIGHLIGHTS – B/S PERSPECTIVE Balance Sheet Snapshot December September December March 31, March (Rs. crore) 31, 2015 30, 2015 31, 2014 2015 31, 2014 Net worth 572.61 537.21 446.55 483.17 380.29 Total debt 271.82 290.14 342.83 331.53 375.81 Long Term Debt (Including 142.17 162.05 181.14 1
Slide 9: Results Q3 FY2016
RESULTS Q3 FY2016 GREENPLY INDUSTRIES LIMITED Regd.Office : Makum Road, Tinsukia, Assam - 786 125 Corporate Identity Number : L20211AS1990PLC003484 Phone : +91 33 3051 5000 Fax : +91 33 3051 5010 Website : www.greenply.com E-mail : investors@greenply.com PART I (` in lacs) Statement of Standalone Un
Slide 10: Segmental Performance – Q3 FY16
SEGMENTAL PERFORMANCE – Q3 FY16 GREENPLY INDUSTRIES LIMITED Regd.Office : Makum Road, Tinsukia, Assam - 786 125 Corporate Identity Number : L20211AS1990PLC003484 Phone : +91 33 3051 5000 Fax : +91 33 3051 5010 Website : www.greenply.com E-mail : investors@greenply.com Segmentwise Revenue, Results an
Slide 11: Segment Wise Performance
SEGMENT WISE PERFORMANCE Plywood Particulars Q3FY16 Q3FY15 Var (%) 9MFY16 9MFY15 Var (%) Net sales (Rs. crore) 290.70 278.58 4.4% 851.83 841.89 1.2% EBITDA margin (%) 9.4% 8.1% 9.0% 9.3% EBIT margin (%) 7.1% 6.6% 6.6% 7.3% Annual capacity (million sqm.) 32.4 32.4 32.4 32.4 Production (million sqm.)
Slide 12: Joint Managing Director's Message
Joint Managing Director’s Message Commenting on the performance for Q3 FY2016, Mr. Shobhan Mittal, Joint Managing Director and CEO, Greenply Industries Ltd. said, “We have been delivering a stable performance in a sluggish economy. This has been driven by our two pronged strategy of gaining market s
Slide 13: Company Overview
COMPANY OVERVIEW CAPACITY UTILIZATION PRODUCTION MODEL • Plywood 97% utilization; further • Plywood – 70% in-house, moving towards demand to be catered through an asset light set-up by increasing proportion outsourcing of outsourcing • MDF 98% utilization; to undertake • MDF – 100% in-house greenfie
Slide 14: Company Overview
COMPANY OVERVIEW BUSINESS SEGMENTS STRONG INDUSTRY POTENTIAL • Wood based products - Plywood • Plywood industry size – Rs. 180 billion and allied products, Medium MDF industry size – Rs. 14 billion Density Fibreboards (MDF) • Strong demand drivers – rising • Demerged the Decorative residential/ comm
Slide 15: Growth Outlook
GROWTH OUTLOOK INDUSTRY DRIVERS PRODUCT PROFILE • Rising demand from the real estate sector • To improve mix of plywood through increase • Increasing urbanisation, higher disposable in mix of value-added products like Green incomes and a growing middle class Defender, Green Gold Prima and Natural Ve
Slide 16: Annexure
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Slide 17: Plywood and MDF Manufacturing Facilities / Production Model
MANUFACTURING FACILITIES / PRODUCTION MODLE Facilities Production Model Capacity Location 70% in-house, 30% outsourced in volume terms (mn sqm.) PLYWOOD Tizit, Nagaland 4.50 To increase proportion of outsourcing to 30% (in value terms) from 20% currently over next 3 years Kriparampur, West Bengal 6.
Slide 18: Strong Performance Track Record
STRONG PERFORMANCE TRACK RECORD NET SALES GROSS PROFIT 1,561 651 1,390 560 1,314 538 1,059 427 720 287 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 EBITDA PBT 139 201 183 180 110 104 118 69 42 17 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15
Slide 19: Segment-wise Performance
SEGMENT-WISE PERFORMANCE Plywood Particulars FY11 FY12 FY13 FY14 FY15 CAGR Net sales (Rs. crore) 674.43 815.58 940.17 1037.30 1152.07 11.3% EBITDA margin (%) 13.0% 9.8% 10.6% 10.3% 9.1% - EBIT margin (%) 11.5% 7.2% 8.9% 7.9% 6.8% - Annual capacity (million sqm.) 24.9 28.35 32.4 32.4 32.4 - Productio
Slide 20: Our Brands
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Slide 21: About Greenply Industries Ltd.
ABOUT GREENPLY INDUSTRIES LTD. Greenply Industries Limited (GIL) enjoys leadership position in plywood and medium density fibreboards (MDF) accounting for almost 26 percent of the organized plywood and 30 percent of the MDF market in India. GIL has four state–of-the-art manufacturing facilities for
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