Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q2 FY2024 Earnings Presentation
30 slides from Greenply Industries's earnings presentation, Nov 6, 2023
Slide 1: Cover letter to stock exchanges
Greenply/2023-24 November 6, 2023 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E} Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 526797 Symbol - GREENPLY
Slide 2: Analyst Presentation Q2 & H1 FY 2024
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q2 & H1 FY 2024 6th November 2023 1
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 s
Slide 4: Contents
Contents Key Highlights Financial & Operating Performance Corporate Overview Strategic Initiatives 3
Slide 5: Key results highlights – India Business
Key results highlights – India Business Plywood Business ^ (Standalone + Sandila) MDF Business % Change % Change Particulars Q2 FY24 Particulars Q2 FY24 Q-o-Q Y-o-Y Sales Volume (MSM) 19.1 17.5% 11.0% Sales Volume (CBM) 31,019 Realisation (Rs/MSM) 245.0 -1.5% -1.2% Realisation (Rs/CBM) 28,540 Revenu
Slide 6: Key results highlights- Consolidated
Key results highlights- Consolidated % Change % Change % Change Particulars Q2 FY24 Particulars H1 FY24 H1 FY23 Q-o-Q Y-o-Y Y-o-Y Revenue (Rs Crs) 608 27.6% 22.9% Revenue (Rs Crs) 1084 948 14.3% Adj. Core EBITDA* (Rs Crs) 53 67.7% 0.2% Adj. Core EBITDA* (Rs Crs) 84 97 -12.9% Adj. Core EBITDA % 8.7%
Slide 7: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 6
Slide 8: Consolidated P&L-Q2 FY24
Consolidated P&L-Q2 FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 22.9% 600 27.6% 300 50.0% 500 196 198 242 250 40.0% 400 200 39.8% 30.0% 300 608 150 39.5% 41.5% 495 476 20.0% 200 100 100 50 10.0% 0 0 0.0% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 Adj. Core EBITDA*- Rs. Crores, Ma
Slide 9: Consolidated P&L-H1 FY24
Consolidated P&L-H1 FY24 Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 14.3% 600 50.0% 2,000 39.1% 40.6% 40.0% 1,500 400 440 948 1,084 371 30.0% 1,000 20.0% 200 500 10.0% - 0 0.0% H1 FY23 H1 FY24 H1 FY23 H1 FY24 Adj. Core EBITDA*- Rs. Crores, Margin % PAT - Rs. Crores, Margin % 120 12.0% 97
Slide 10: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 350 330 318 70 400 357 100 300 277 100 350 325 249 300 63 60 62 250 232 237 300 270 80 80 250 48 50 200 44 250 50 60 60 200 40 54 43 48 200 150 150 30 150 40 42 40 100 20 100 100 20 2
Slide 11: Plywood Business P&L-Q2 FY24
Plywood Business^ (Standalone + Sandila) P&L-Q2 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 9.7% 600 16.0% 478 200 164 174 50.0% 500 436 163 412 40.0% 400 150 37.7% 39.5% 300 100 36.4% 30.0% 200 20.0% 100 50 0 10.0% Q2 FY23 Q1 FY24 Q2 FY24 0 0.0% Q2 FY23 Q1 FY24 Q2 FY24 Adj. Core EBI
Slide 12: Plywood Business Ratios
Plywood Business^ (Standalone + Sandila) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 200 183 50 250 50 236 204 219 250 212 48 152 164 206 40 45 42 192 47 46 150 41 200 40 200 43 45 44 31 30 150 30 150 100 42 32 20 100 20 100 40 50 50 40 10
Slide 13: Plywood Business Operating Metrics Q2 FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics Q2 FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 33% 31% 33% 80% 42% 39% 43% 7% 5% 4% 60% 6% 60% 8% 4% 40% 40% 55% 60% 64% 63% 50% 53% 20% 20% 0% 0% Q2FY23 Q1 FY24 Q2FY24 Q2FY23 Q1 FY24 Q2FY24 Manufacturing (Own) Ma
Slide 14: Plywood Business P&L-H1 FY24
Plywood Business^ (Standalone + Sandila) P&L-H1 FY24 Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 7.2% 350.0 336.9 40.0% 1,000.0 830.7 890.5 307.7 37.8% 37.0% 30.0% 800.0 300.0 600.0 20.0% 400.0 250.0 10.0% 200.0 - 200.0 0.0% H1 FY23 H1 FY24 H1 FY23 H1 FY24 Adj. Core EBITDA*- Rs. Crores, M
Slide 15: Plywood Business Operating Metrics H1 FY24
Plywood Business^ (Standalone + Sandila) Operating Metrics H1 FY24 Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 33% 32% 80% 42% 41% 60% 8% 4% 60% 5% 9% 40% 40% 59% 64% 20% 48% 54% 20% 0% 0% H1 FY23 H1 FY24 H1 FY23 H1 FY24 Manufacturing (Own) Manufacturing Partners Tra
Slide 16: GMEL P&L-Q2 FY24
GMEL P&L-Q2 FY24 Revenue – Rs Crores Gross Profit- Rs. Crores, Margin % EBITDA- Rs. Crores, Margin % -32% -12.5% 70 35 31 60% 7 12% 59 53% 44% 6 60 30 6 48% 50% 10% 10% 50 46 25 20 40% 5 7% 8% 40 19 40 20 4 3 7% 30% 3 6% 15 3 30 20% 4% 10 2 20 10% 1 2% 5 10 0 0% 0 0% Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23
Slide 17: GMEL P&L-H1 FY24
GMEL P&L-H1 FY24 Revenue – Rs Crores Gross Profit- Rs. Crores, Margin % EBITDA- Rs. Crores, Margin % -27.1% 140 70 63 60% 118 16 14 11.6% 14.0% 120 60 50% 14 54% 46% 12.0% 100 86 50 39 40% 12 10.0% 80 40 10 8.0% 30% 8 6 60 30 6.0% 20 20% 6 40 4 6.6% 4.0% 20 10 10% 2 2.0% 0 0 0% 0 0.0% H1 FY23 H1 FY2
Slide 18: Consolidated Profit & Loss Statement Q2 FY24
Consolidated Profit & Loss Statement Q2 FY24 (₹ in Lakhs) Statement of Unaudited Consolidated Financial Results for the quarter and six months ended 30 September 2023 Corresponding Year to date Year to date Three months Previous Three Three months figures for the figures for the Previous year Sr. en
Slide 19: Corporate Overview
CORPORATE OVERVIEW 18
Slide 20: Greenply at a glance
Greenply at a glance Listed in NSE & Wood based products - One of the largest 35+ E-0 Interior Years of experience BSE-Rs. 2,000+ Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap (upcoming
Slide 21: Manufacturing Excellence
Manufacturing Excellence Plywood & allied (Own Capacity Plywood & allied (Domestic Capacity Kriparampur, West Bengal Manufacturing ) Location (Mn SqM pa) Partner) Location (Mn SqM pa) Bareilly, Uttar Pradesh ~10.00 Bamanbore, Gujarat 15.80 Hapur, Uttar Pradesh 7.50 Sandila, Lucknow (U.P.) 13.50 Face
Slide 22: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 30th September 2023 Shareholding Pattern- 30th September 2023 Shareholding Major Institutional Shareholders % 12.72% Mirae Asset Mutual Fund 9.97 HDFC Mutual Fund 8.94 Tata Mutual Fund 4.88 HSBC (Ex- L&T Mutual Fund) 2.31 52.1
Slide 23: Brand Campaign - Driving Brand Saliency
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels 4Mn Reach thru TV Gran A A C= wl & s Digital Pattorms * Locations: Kolkata, Stigari, Durgapur 8 Asaneol
Slide 24: Brand Campaign - Driving Brand Saliency
Brand Campaign - Driving Brand Saliency ok OOH Visibility through High Impact Sites & Innovation
Slide 25: Brand Campaign — SM Engagement, Reach & Consideration through Digital
Brand Campaign — SM Engagement, Reach & Consideration through Digital go Teaser | Product Communication| Contextual & Moment Communication #HarGharKaHero > Coming Soon! CREATE YOUR DREAM HOME WITH NO HARMFUL GASES A) NO IRRITATING tee) SMELL Bp) HEALTHY ® INTERIORS — » EMISSIONS! “Os
Slide 26: Brand Campaign - In-Shop Visibility & Dealer Engagement
Brand Campaign - In-Shop Visibility & Dealer Engagement gSroly Hero Zone at Select Outlets — 30+ | In-shop Comm —1200+ outlets | Brand Campaign | Launch Event — 120+ dealer Engaged
Slide 27: & FIRE RETARDANT
& FIRE RETARDANT BWP GRADE 25m og WAR ZARURAT KA REPLY Greely 18mm with PROD4Q NEO TECH wvonpemeploc BWP GRADE
Slide 28: Awards & Recognition
Awards & Recognition Great Place to Work-Three times in a India’s Most trusted Brand- Best Green Manufacturing Economic Times Sustainable row (2020, 2021, 2022) 2022 Organisations Award - Company- 2022 2023 27
Slide 29: Strategic Initiatives
Strategic Initiatives Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Product portfolio manufacturing expansion base at diversified locations Strategic Initiatives 28 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 30: Thank You!
For further information, please contact: Registered Office: Makum Road, P.O. Tinsukia, Assam - 786 125 Corporate Office: “Madgul Lounge”, 5th & 6th Floor 23 Chetla Central Road Kolkata - 700 027, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.co
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